MIDWAY ISD EDUCATION FOUNDATION INC

EIN: 742914982 501(c)(3) Education

WOODWAY, TX

Total Revenue
$554,780
Total Expenses
$354,095
Total Assets
$4,169,067
Net Assets
$4,164,354
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
TX
Principal Officer
ASHLEY FUTRIS
Phone
2547615614
Tax Period
2024-01-01 to 2024-12-31

MIDWAY ISD EDUCATION FOUNDATION INC, founded in 1999, is a small nonprofit in the Education sector that reported $555K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $201K, a strong 36% operating margin.

Mission

THE MISSION OF THE MIDWAY ISD EDUCATION FOUNDATION IS TO GENERATE AND DISTRIBUTE RESOURCES TO THE MIDWAY INDEPENDENT SCHOOL DISTRICT FOR CREATIVE OR INNOVATIVE PROGRAMS AND PROJECTS THAT ENHANCE THE QUALITY OF EDUCATION FOR OUR STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $210,664

CLASSROOM GRANT PROGRAMS - THE FOUNDATION PROVIDES FUNDS TO ENHANCE EDUCATIONAL PROGRAMS AND ACTIVITIES THAT ARE OUTSIDE THE SCOPE OF THE TYPICAL SCHOOL BUDGET. GRANTS FOR GREAT IDEAS ALLOWS...

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CLASSROOM GRANT PROGRAMS - THE FOUNDATION PROVIDES FUNDS TO ENHANCE EDUCATIONAL PROGRAMS AND ACTIVITIES THAT ARE OUTSIDE THE SCOPE OF THE TYPICAL SCHOOL BUDGET. GRANTS FOR GREAT IDEAS ALLOWS CLASSROOM TEACHERS TO REQUEST FUNDS TO IMPLEMENT CREATIVE AND INNOVATIVE LEARNING PROGRAMS AT ALL CAMPUSES IN THE MIDWAY INDEPENDENT SCHOOL DISTRICT. GRANTS ARE NOT PAID TO THE INDIVIDUAL TEACHERS, BUT TO THE DISTRICT ITSELF. SEVENTY-ONE GRANTS TOTALING $157,907 WERE AWARDED IN 2024 AND UTILIZED ON ALL CAMPUSES WITHIN THE DISTRICT.

Program 2
Expenses: $55,188

SHOWCASE OF STARS ACADEMIC RECOGNITION PRESENTATION - HONORS THE HIGHEST-ACHIEVING SCHOLARS FROM THE CURRENT SENIOR CLASS. EACH STUDENT SELECTS A TEACHER FROM THE DISTRICT WHO HAS MADE THE BIGGEST...

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SHOWCASE OF STARS ACADEMIC RECOGNITION PRESENTATION - HONORS THE HIGHEST-ACHIEVING SCHOLARS FROM THE CURRENT SENIOR CLASS. EACH STUDENT SELECTS A TEACHER FROM THE DISTRICT WHO HAS MADE THE BIGGEST IMPACT ON THEIR ACADEMIC SUCCESS. FIFTY SENIOR SCHOLARS WERE HONORED ALONG WITH FIFTY TEACHERS AT THE 2024 PRESENTATION.

Program 3
Expenses: $3,086

ACADEMIC LETTER JACKETS - MIDWAY HIGH SCHOOL STUDENTS CAN LETTER IN ACADEMICS THROUGH THIS PROGRAM THAT HONORS STUDENTS WHO CONSISTENTLY ACHIEVE HIGH GRADE POINT AVERAGES. STUDENTS MAINTAINING A GPA...

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ACADEMIC LETTER JACKETS - MIDWAY HIGH SCHOOL STUDENTS CAN LETTER IN ACADEMICS THROUGH THIS PROGRAM THAT HONORS STUDENTS WHO CONSISTENTLY ACHIEVE HIGH GRADE POINT AVERAGES. STUDENTS MAINTAINING A GPA OF 95 OR HIGHER FOR THREE CONSECUTIVE SEMESTERS RECEIVE AN ACADEMIC PATCH. STUDENTS QUALIFYING FOR THIS HONOR FIVE SEMESTERS IN A ROW MAY EARN ANOTHER PATCH OR A LETTER JACKET IF THEY DO NOT ALREADY OWN ONE. DURING 2024, 39 ACADEMIC LETTER JACKETS, 3 ACADEMIC BLANKETS, 160 ACADEMIC PATCHES AND SEVEN SPECIAL OLYMPICS JACKETS WERE AWARDED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $443,996
Program Service Revenue $0
Investment Income $108,978
Other Revenue $1,806
TOTAL REVENUE $554,780

Expense Breakdown

Grants Paid $229,945
Salaries & Benefits $31,311
Fundraising Expenses $169
Program Expenses $292,279
Other Expenses $92,839
TOTAL EXPENSES $354,095

Year-over-Year Comparison

2024 2023 Change
Revenue $554,780 $434,568 +0.3%
Expenses $354,095 $256,118 +0.4%
Net Income $200,685 $178,450 +0.1%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
28
Independent Members
27
Employees
1
Volunteers
29

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
8
$50,323
Total Directors
28
$50,323
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES RAINEY PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
ERIN DUBOIS PRESIDENT 1.00
Officer Director
$0 $0 $0
ALISSA CADY VP - DEVELOPMENT 1.00
Officer Director
$0 $0 $0
ANNA JOHNSON VP - SPECIAL EVENTS 1.00
Officer Director
$0 $0 $0
JORDAN BARRY VP - ADMINISTRATION 1.00
Officer Director
$0 $0 $0
GLENDA STRUM SECRETARY 1.00
Officer Director
$0 $0 $0
MOLLY RIEGER TREASURER 1.00
Officer Director
$0 $0 $0
KRISTY BOYD DIRECTOR 1.00
Director
$0 $0 $0
BRAD ALFORD DIRECTOR 1.00
Director
$0 $0 $0
WILL DRISKELL DIRECTOR 1.00
Director
$0 $0 $0
DAVE DEACONSON DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER GETTERMAN DIRECTOR 1.00
Director
$0 $0 $0
KRISTI MILLER DIRECTOR 1.00
Director
$0 $0 $0
JOE MCKETHAN DIRECTOR 1.00
Director
$0 $0 $0
JOHNATHAN GREEN DIRECTOR 1.00
Director
$0 $0 $0
EMILY CREW DIRECTOR 1.00
Director
$0 $0 $0
NICOLE REYNOLDS DIRECTOR 1.00
Director
$0 $0 $0
KEVIN POYNTER DIRECTOR 1.00
Director
$0 $0 $0
KATIE TALBERT DIRECTOR 1.00
Director
$0 $0 $0
BECKY KRAMM DIRECTOR 1.00
Director
$0 $0 $0
ERIC SHERO DIRECTOR 1.00
Director
$0 $0 $0
BEN ERLANSON DIRECTOR 1.00
Director
$0 $0 $0
BEKA GROSS DIRECTOR 1.00
Director
$0 $0 $0
RUSSELL JONES DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY WARREN DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY FUTRIS EXECUTIVE DIRECTOR 40.00
Officer Director
$46,883 $3,440 $50,323
CARRIE MADDUX DIRECTOR 1.00
Director
$0 $0 $0
SCOTT BLAND DIRECTOR 1.00
Director
$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 $554,780 $354,095 $4,169,067 $200,685
2023 $434,568 $256,118 $3,713,178 $178,450
2022 $413,865 $237,809 $3,047,640 $176,056
2021 $393,306 $221,172 $3,423,272 $172,134
2020 $327,962 $220,692 $2,981,925 $107,270
2019 $388,593 $260,628 $2,631,947 $127,965
2018 $437,368 $257,457 $2,081,140 $179,911
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