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EIN 75-2401624

Mckinney Education Foundation

IRS 501(c) type
501(c)(3)
Num. employees
9
City
MC Kinney
State
Texas
Year formed
1991
Most recent tax filings
2023-06-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
The McKinney Education Foundation inspires and assists McKinney ISD students and teachers towards excellence, making a difference in a child's life through education. The program awarded $585,050 in scholarships for the 2021-2022 academic year to help students attend post-secondary programs at higher education institutions. Additionally, foundation grants support classroom and professional development efforts throughout McKinney.
Total revenues
$1,202,471
2023
Total expenses
$1,242,480
2023
Total assets
$12,683,758
2023
Num. employees
9
2023

Program areas at Mckinney Education Foundation

Scholarships Awarded: This program assists students in attending post-secondary programs at higher education institutions. In 2022-2023, $484,289 in scholarships was awarded. Classroom and Professional Development Grants: The McKinney ISD and McKinney community support this program. $101,875 total was funded for our teachers in 2022-2023. College Advisor Program Dream Builder donors support this program. The college advisors are placed on the three McKinney high schools full-time to assist students and families with navigating the college and financial aid process.

Who funds Mckinney Education Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
SRS Raise the Roof FoundationCharitable$75,000
Farren Brae Radke FoundationProviding Education Opportunities$50,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$38,500
...and 12 more grants received

Personnel at Mckinney Education Foundation

NameTitleCompensation
Sheila DueChief Executive Officer$0
Mark KeverVice Chairperson and Vice President of Investments
Paul MerrittVice President - Finance / Secretary / Director$0
Terri SpriesterVice President of Administration$0
Carolyn BrooksVice President of Development$0
...and 13 more key personnel

Financials for Mckinney Education Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,026,799
Program services$0
Investment income and dividends$225,697
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-25,530
Net income from fundraising events$-172,622
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$148,127
Total revenues$1,202,471

Form 990s for Mckinney Education Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-14990View PDF
2022-062023-05-08990View PDF
2021-062022-05-16990View PDF
2020-062021-05-26990View PDF
2019-062020-12-11990View PDF
...and 9 more Form 990s
Data update history
October 16, 2024
Updated personnel
Identified 9 new personnel
July 23, 2024
Received grants
Identified 3 new grant, including a grant for $50,000 from Farren Brae Radke Foundation
July 21, 2024
Updated personnel
Identified 2 new personnel
July 10, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 7, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Fundraising eventsState / local levelEndowed supportProvides scholarshipsGala fundraisersTax deductible donationsAccepts online donations
General information
Address
510 Heard St
MC Kinney, TX 75069
Metro area
Dallas-Fort Worth-Arlington, TX
County
Collin County, TX
Website URL
mckinneyef.org/ 
Phone
(469) 302-6313
IRS details
EIN
75-2401624
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1991
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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