Nonprofit · EIN 31-1689773
FRISCO EDUCATION FOUNDATION INC
Tax-exempt · FRISCO, TX 75035
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $1,439,150 | $1,207,045 | $232,105 | $5,731,031 | $242,012 | $5,489,019 |
| July 31, 2024 | 990 | $1,128,837 | $978,933 | $149,904 | $5,301,506 | $220,650 | $5,080,856 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $1,068,598
- Program service revenue
- $0
- Investment income
- $221,473
- Net income from fundraising events
- $149,079
- Other revenue
- $149,079
Expenses
- Grants and similar amounts paid
- $911,293
- Other salaries and wages
- $64,763
- Salaries, compensation and benefits (total)
- $71,288
- Professional fundraising fees
- $0
- Accounting fees
- $20,000
- Program services (functional)
- $941,982
- Management and general (functional)
- $196,200
- Fundraising (functional)
- $68,863
Balance sheet and other
- Total assets, start of year
- $5,301,506
- Total assets, end of year
- $5,731,031
- Total liabilities, end of year
- $242,012
- Net assets, end of year
- $5,489,019
- Publicly traded securities
- $4,525,903
- Net assets without donor restrictions
- $1,368,519
- Net assets with donor restrictions
- $4,120,500
- Gross receipts
- $1,605,325
- Employees
- 1
- Year formed
- 1999
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Peter Burns | President Elect Trustee or director | 3 | $0 |
| Thor Anderson | Board Member Trustee or director | 3 | $0 |
| Jody Daley | Board Member Trustee or director | 3 | $0 |
| Genisha Handy | Board Member Trustee or director | 3 | $0 |
| David Turner | Asst Treasurer Trustee or director, Key employee | 3 | $0 |
| Lori McCaghren | Board Member Trustee or director | 3 | $0 |
| Dustin Paschal | Board Member Trustee or director | 3 | $0 |
| Dawn Richardson | Board Member Trustee or director | 3 | $0 |
| Lindsay Teague | Board Member Trustee or director | 3 | $0 |
| Sree Majji | Board Member Trustee or director | 3 | $0 |
| Hannon McKemie | Board Member Trustee or director | 3 | $0 |
| Markques McKnight | Board Member Trustee or director | 3 | $0 |
| Megan Stevens | Board Member Trustee or director | 3 | $0 |
| Christin Timmons | Board Member Trustee or director | 3 | $0 |
| Megan Nguyen-Trinh | Treasurer Trustee or director, Officer | 3 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Elman | Secretary Trustee or director, Officer | 3 | $0 |
| Michael Simmons | President Trustee or director, Officer | 3 | $0 |
990 for the year ended July 31, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Francis Lammes | Board Member Trustee or director | 3 | $0 |
| David Turner | Asst Treasurer Trustee or director, Key employee | 3 | $0 |
| Genisha Handy | Board Member Trustee or director | 3 | $0 |
| Lori McCaghren | Board Member Trustee or director | 3 | $0 |
| Lindsay Teague | Board Member Trustee or director | 3 | $0 |
| Dawn Richardson | Board Member Trustee or director | 3 | $0 |
| Dustin Paschal | Board Member Trustee or director | 3 | $0 |
| Thor Anderson | Board Member Trustee or director | 3 | $0 |
| James Collins | Board Member Trustee or director | 3 | $0 |
| Peter Burns | President Eect Trustee or director | 3 | $0 |
| Jody Daley | Board Member Trustee or director | 3 | $0 |
| Megan Nguyen-Trinh | Treasurer Trustee or director, Officer | 3 | $0 |
| Renee Sample | Immediate Past President Trustee or director, Officer | 3 | $0 |
| Michael Elman | Secretary Trustee or director, Officer | 3 | $0 |
| Erin Reynolds | Assistant Secretary Trustee or director, Officer | 3 | $0 |
| Michael Simmons | President Trustee or director, Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 5515 OHIO DR, FRISCO, TX 75035-7002
- In care of
- % PETER BURNS
- Signed the 990
- PETER BURNS, President Elect
- Phone
- (469) 633-6860
- Return prepared by
- Nabors CPA Services PC
Mission
To provide scholarships to graduating high school students in the Frisco Independent School District. The Foundation also supports educational programs and educators in the District through Grants for Great Ideas.
Program accomplishments
- To provide scholarships to graduating high school students in the Frisco Independent School District. The Foundation also supports educational programs and educators in the District through Grants for Great Ideas.Expenses $941,982
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 31-1689773
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T70)
- Assets (IRS master file)
- $5,731,031
- Income (IRS master file)
- $1,605,325
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $1,439,150 | $1,207,045 | $5,731,031 | XML |
| 990 | July 2024 | $1,128,837 | $978,933 | $5,301,506 | XML |
| 990 | July 2023 | $1,081,977 | $951,801 | $4,999,518 | IRS |
| 990 | July 2022 | – | – | – | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2019 | – | – | – | IRS |
| 990 | July 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1689773).
Questions about FRISCO EDUCATION FOUNDATION INC
- What is the EIN of FRISCO EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of FRISCO EDUCATION FOUNDATION INC is 31-1689773.
- Is FRISCO EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to FRISCO EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRISCO EDUCATION FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRISCO EDUCATION FOUNDATION INC due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRISCO EDUCATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who are the officers and directors of FRISCO EDUCATION FOUNDATION INC?
- The 990 for the year ended July 31, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does FRISCO EDUCATION FOUNDATION INC have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $1,439,150, expenses of $1,207,045 and total assets of $5,731,031 at year end.
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