CARROLLTON-FARMERS BRANCH ISD EDUCATION FOUNDATION

EIN: 752696093 501(c)(3) Education

CARROLLTON, TX

Total Revenue
$524,716
Total Expenses
$263,711
Total Assets
$1,730,162
Net Assets
$1,707,912
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
TX
Principal Officer
DONNA WALD
Phone
9729684362
Tax Period
2023-09-01 to 2024-08-31

CARROLLTON-FARMERS BRANCH ISD EDUCATION FOUNDATION, founded in 1997, is a small nonprofit in the Education sector that reported $525K in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $261K, a strong 50% operating margin.

Mission

The Corporation is organized and operated exclusively for educational and charitable purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. The purposes of the Corporation include the receipt, management and expenditure of funds received from donations. Within the scope of the foregoing purposes and not by way of limitation thereof, the Corporation is organized for educational and charitable purposes for the benefit of the Carrollton-Farmers Branch 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 (2023)

Revenue Breakdown

Contributions & Grants $368,581
Program Service Revenue $0
Investment Income $153,635
Other Revenue $2,500
TOTAL REVENUE $524,716

Expense Breakdown

Grants Paid $218,440
Salaries & Benefits $0
Fundraising Expenses $2,334
Program Expenses $223,281
Other Expenses $45,271
TOTAL EXPENSES $263,711

Year-over-Year Comparison

2023 2022 Change
Revenue $524,716 $293,126 +0.8%
Expenses $263,711 $274,770 0.0%
Net Income $261,005 $18,356 +13.2%
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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Governance

Voting Members
23
Independent Members
22
Employees
N/A
Volunteers
25

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
1
$69,693
Total Directors
24
$69,693
Key Employees
2
$69,693
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WENDY ELDREDGE DISTRIC SUPERINTENDENT 1.00
Director
$0 $0 $0
LES BLACK DIRECTOR 1.00
Director
$0 $0 $0
LUKE ERLENBUSCH VP DEVELOPEMENT 1.00
Director
$0 $0 $0
CAROLYN BENAVIDES DIRECTOR 1.00
Director
$0 $0 $0
LAURIE SPINDLER DIRECTOR 1.00
Director
$0 $0 $0
CATHERINE CARLIN SECRETARY 1.00
Director
$0 $0 $0
MARY LOVELL BOARD CHAIR 1.00
Director
$0 $0 $0
CHRISTY SPIVEY VP OF MARKETING 1.00
Director
$0 $0 $0
DR LINDA BRADDY VP OF NOMINATIONS 1.00
Director
$0 $0 $0
ELIZABETH MARTINI VP OF FINANCE/TREASURER 1.00
Director
$0 $0 $0
DOUG BURNSIDE DIRECTOR 1.00
Director
$0 $0 $0
ALEX SAGCAL DIRECTOR 1.00
Director
$0 $0 $0
BARRY DODSON DIRECTOR 1.00
Director
$0 $0 $0
ROBERT DYE DIRECTOR 1.00
Director
$0 $0 $0
PAT ENLOW DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL GALLOPS DIRECTOR 1.00
Director
$0 $0 $0
DONNA WALD EXECUTIVE DIRECTOR 20.00
Officer Director Key Emp Highest
$0 $0 $69,693
ILEANA GARZA-ROJAS DISTRICT LIASON 1.00
Director
$0 $0 $0
VICTOR JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
KENA MACK DIRECTOR 1.00
Director
$0 $0 $0
CRISTAL RETANA DIRECTOR 1.00
Director Key Emp
$0 $0 $0
JAN RUGG DIRECTOR 1.00
Director
$0 $0 $0
SYLVIA WISE DIRECTOR 1.00
Director
$0 $0 $0
JEANNETTE PAPADAPOLOUS VP OF PROGRAMS 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 $524,716 $263,711 $1,730,162 $261,005
2023 $293,126 $274,770 $1,460,657 $18,356
2022 $212,918 $286,609 $1,454,401 $-73,691
2021 $361,371 $155,357 $1,523,382 $206,014
2020 $275,230 $233,806 $1,317,409 $41,424
2019 $384,617 $406,363 $1,270,692 $-21,746
2018 $402,262 $390,593 $1,299,920 $11,669
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