SHERMAN ISD EDUCATION FOUNDATION INC

EIN: 311633914 501(c)(3) Philanthropy & Grantmaking

Sherman, TX

Total Revenue
$266,515
Total Expenses
$179,422
Total Assets
$1,083,062
Net Assets
$1,083,062
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
TX
Principal Officer
Kathleen Bickerstaff
Phone
9038916431
Tax Period
2023-09-01 to 2024-08-31

SHERMAN ISD EDUCATION FOUNDATION INC, founded in 1999, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $267K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 33% operating margin.

Mission

The primary focus of the Sherman Education Foundation is to provide creative educational programs, educational aids, faculty and staff development opportunities, curricular enhancements, and other innovative solutions to meet identified educational needs of Sherman students which are beyond the basic educational program of the Sherman ISD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $146,018
Program Service Revenue $0
Investment Income $1
Other Revenue $120,496
TOTAL REVENUE $266,515

Expense Breakdown

Grants Paid $103,342
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $103,342
Other Expenses $76,080
TOTAL EXPENSES $179,422

Year-over-Year Comparison

2023 2022 Change
Revenue $266,515 $199,294 +0.3%
Expenses $179,422 $139,799 +0.3%
Net Income $87,093 $59,495 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
25
Independent Members
25
Employees
N/A
Volunteers
26

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kathleen Bickerstaff Executive Director 0
Director
$0 $0 $0
Rylee Arnot Board Member 0
$0 $0 $0
Edwin Clark Board Member 0
$0 $0 $0
Wendy Vellotti Board Member 0
$0 $0 $0
Leigh Walker Board Member 0
$0 $0 $0
Gary Counts Board Member 0
$0 $0 $0
Jarod Dutton Board Member 0
$0 $0 $0
Shannon Cain Board Member 0
$0 $0 $0
Stephanie Foley Board Member 0
$0 $0 $0
Amy Jackman Board Member 0
$0 $0 $0
Eric Kloppers Board Member 0
$0 $0 $0
Luke Motley Board Member 0
$0 $0 $0
Diana Salas Board Member 0
$0 $0 $0
Jennifer Shelby Board Member 0
$0 $0 $0
Brian Straughan Board Member 0
$0 $0 $0
Whitney Tarvin Board Member 0
$0 $0 $0
Gabby Aguilar Board Member 0
$0 $0 $0
Meghan Cone Board Member 0
$0 $0 $0
Rodney Fritchman Board Member 0
$0 $0 $0
Jenna Hibbs Board Member 0
$0 $0 $0
Thomas O'Neal Board Member 0
$0 $0 $0
Michal Overturf Board Member 0
$0 $0 $0
Amanda Phillips Board Member 0
$0 $0 $0
Andrea Restrepo Board Member 0
$0 $0 $0
Melissa Sandoval Board Member 0
$0 $0 $0
Arie Vanderveer Board Member 0
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $266,515 $179,422 $1,083,062 $87,093
2023 $199,294 $139,799 $891,957 $59,495
2022 $159,289 $158,332 $795,507 $957
2021 $100,046 $92,721 $849,406 $7,325
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