GRAPEVINE-COLLEYVILLE ISD EDUCATION FOUNDATION

EIN: 752756537 501(c)(3) Philanthropy & Grantmaking

GRAPEVINE, TX

Total Revenue
$370,679
Total Expenses
$408,532
Total Assets
$2,778,017
Net Assets
$2,659,258
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
TX
Principal Officer
Meredith Martin
Phone
8172515480
Tax Period
2024-07-01 to 2025-06-30

GRAPEVINE-COLLEYVILLE ISD EDUCATION FOUNDATION, founded in 1998, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $371K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $409K exceeded revenue, resulting in a 10% operating deficit.

Mission

To generate and distribute resources to the Grapevine-Colleyville Independent School District for programs and projects that enhance the quality of education and opportunities for students.

Program Service Accomplishments

Program 1
Expenses: $255,546

THE FOUNDATION MANAGES A PERMANENT ENDOWMENT TO SUPPORT CAMPUS ACTIVITIES, SCHOLARSHIPS, AWARDS, AND OTHER GRANT PROGRAMS. THE ENDOWMENT IS INVESTED IN PUBLICLY TRADED MARKETABLE SECURITIES MANAGED...

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THE FOUNDATION MANAGES A PERMANENT ENDOWMENT TO SUPPORT CAMPUS ACTIVITIES, SCHOLARSHIPS, AWARDS, AND OTHER GRANT PROGRAMS. THE ENDOWMENT IS INVESTED IN PUBLICLY TRADED MARKETABLE SECURITIES MANAGED BY PROFESSIONAL INVESTMENT ADVISORS. AN INVESTMENT COMMITTEE MADE UP OF BOARD MEMBERS AND OTHER VOLUNTEERS HIRE THE INVESTMENT ADVISORS AND OVERSEE INVESTMENT AND SPENDING POLICIES. ENDOWMENT EARNINGS ARE UTILIZED FOR THE PURPOSE INTENDED BY THE DONORS.

Program 2
Expenses: $31,500 Revenue: $32,247

Grants are awarded to teachers for classroom, school or district-wide projects within GCISD, and scholarships are awarded to graduating GCISD seniors. Teacher grants are funded by annual campaign...

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Grants are awarded to teachers for classroom, school or district-wide projects within GCISD, and scholarships are awarded to graduating GCISD seniors. Teacher grants are funded by annual campaign donations, net proceeds from special events, and donor-designated contributions. Scholarships are funded by permanent endowments or donor-designated contributions. Teacher grant proposals and student applications are evaluated by volunteer committees of Board members and community volunteers. In addition, the Foundation hosts two special events: a luncheon to welcome newly-hired teachers, and an Academic Recognition Banquet honoring top-ranked graduating seniors, distinguished teachers, and the GCISD teachers and paraprofessional of the year.

Program 3

THE FOUNDATION ADMINISTERS A CORPORATE SPONSORSHIP/SPORTS MARKETING PROGRAM ON BEHALF OF THE SCHOOL DISTRICT, and proceeds are split between GCISD and the Foundation operations.

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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 $252,878
Program Service Revenue $32,247
Investment Income $87,189
Other Revenue $-1,635
TOTAL REVENUE $370,679

Expense Breakdown

Grants Paid $179,501
Salaries & Benefits $132,719
Fundraising Expenses $65,130
Program Expenses $287,046
Other Expenses $96,312
TOTAL EXPENSES $408,532

Year-over-Year Comparison

2024 2023 Change
Revenue $370,679 $442,825 -0.2%
Expenses $408,532 $432,502 -0.1%
Net Income $-37,853 $10,323 -4.7%
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
21
Independent Members
21
Employees
2
Volunteers
30

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
$78,583
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANE RICHARDS thru 1224 Executive Dir. 40.00
Officer
$78,583 $0 $78,583
LAVON BOLECH Secretary 1.00
Officer Director
$0 $0 $0
DAVID CRAWFORD Director 1.00
Director
$0 $0 $0
RUTH ANN MEEK Treasurer 2.00
Officer Director
$0 $0 $0
LEANN BROWN Director 1.00
Director
$0 $0 $0
STEVE HALEY Director 1.00
Director
$0 $0 $0
KIM DOBECKA Director 1.00
Director
$0 $0 $0
RODERICK CAPELO Director 1.00
Director
$0 $0 $0
LEON LEAL Director 1.00
Director
$0 $0 $0
IVA MISHRA Director 1.00
Director
$0 $0 $0
JEANNIE O'NEIL Director 1.00
Director
$0 $0 $0
LISA PARDO Vice President 1.00
Officer Director
$0 $0 $0
TRACI HUTTON Director 1.00
Director
$0 $0 $0
KIM FARBISZ PRESIDENT ELECT 1.00
Officer Director
$0 $0 $0
RACHAEL ABELL Vice President 1.00
Officer Director
$0 $0 $0
JENNIFER HIBBS Director 1.00
Director
$0 $0 $0
ANA ERWIN Director 1.00
Director
$0 $0 $0
DEWAYNE SMART Vice President 1.00
Officer Director
$0 $0 $0
CHELSEA ROSE Director 1.00
Director
$0 $0 $0
ROBYN SCOTT Director 1.00
Director
$0 $0 $0
KAREN DEAKIN President 2.00
Officer Director
$0 $0 $0
CAROLYN SIMS Director 1.00
Director
$0 $0 $0
Meredith Martin from 425 Executive Dir. 40.00
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
2025 $370,679 $408,532 $2,778,017 $-37,853
2024 $442,825 $432,502 $2,609,339 $10,323
2023 $463,355 $421,788 $2,504,421 $41,567
2022 $577,043 $488,704 $2,409,439 $88,339
2021 $377,715 $364,219 $2,843,121 $13,496
2020 $594,589 $376,829 $2,291,119 $217,760
2019 $435,377 $473,145 $2,176,184 $-37,768
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