Carroll Education Foundation Inc

EIN: 752638646 501(c)(3) Education

Southlake, TX

Total Revenue
$1,304,807
Total Expenses
$1,351,391
Total Assets
$493,966
Net Assets
$493,966
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
TX
Principal Officer
Elizabeth Janning
Phone
8179497064
Tax Period
2024-07-01 to 2025-06-30

Carroll Education Foundation Inc, founded in 1996, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum.

Mission

To provide financial assistance to the teachers and students of the Carroll Independent School District.

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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 $1,257,760
Program Service Revenue $0
Investment Income $29,265
Other Revenue $17,782
TOTAL REVENUE $1,304,807

Expense Breakdown

Grants Paid $875,683
Salaries & Benefits $147,109
Fundraising Expenses $62,385
Program Expenses $1,171,644
Other Expenses $328,599
TOTAL EXPENSES $1,351,391

Year-over-Year Comparison

2024 2023 Change
Revenue $1,304,807 $790,364 +0.7%
Expenses $1,351,391 $866,429 +0.6%
Net Income $-46,584 $-76,065 -0.4%
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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
2
Volunteers
40

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
9
$0
Total Directors
8
$0
Key Employees
1
$88,254
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elizabeth Janning Chair 20.00
Officer
$0 $0 $0
Kali Sommer Past Board Chair 1.00
Director
$0 $0 $0
Andrea Gonterman Vice Chair 2.00
Officer
$0 $0 $0
Meghan York Secretary 3.00
Officer
$0 $0 $0
Alex Martin Executive Director 40.00
Key Emp
$88,254 $0 $88,254
Karl Chester Board Member 1.00
Director
$0 $0 $0
Paige Sohn At Large 1.00
Director
$0 $0 $0
Paulina Purnama-Sehgal Board Member 1.00
Officer
$0 $0 $0
Connie Deering Treasurer 1.00
Officer
$0 $0 $0
Inna Dietrich Board Member 1.00
Director
$0 $0 $0
Paul Alwine Board Member 1.00
Director
$0 $0 $0
Taylor Anderson Board Member 1.00
Director
$0 $0 $0
Ame Beanland Board Member 1.00
Director
$0 $0 $0
Charles Dayoub Board Member 1.00
Director
$0 $0 $0
Andrea Honig Board Member 1.00
Officer
$0 $0 $0
Cristie King Board Member 1.00
Officer
$0 $0 $0
Meghan Kinslow Board Member 1.00
Officer
$0 $0 $0
Trey Knapp Board Member 1.00
Officer
$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
2025 $1,304,807 $1,351,391 $493,966 $-46,584
2024 $790,364 $866,429 $540,550 $-76,065
2023 $755,255 $748,493 $639,318 $6,762
2022 $734,619 $937,369 $635,201 $-202,750
2021 $748,585 $925,465 $988,158 $-176,880
2020 $593,428 $1,269,138 $1,058,840 $-675,710
2019 $436,146 $237,974 $1,705,350 $198,172
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