Education Foundation for Fort Worth Schools

Nonprofit profile at a glance

EIN
464625328
IRS 990 coverage
2015–2018
Forms available
Form 990 2018, Form 990-N 2014
Location
Fort Worth, TX, USA
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$1,015,266
Expenses
$657,169
Assets
$504,748
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

15 people listed

People named in this filing

  • Lou Ann Blaylock (Director)
  • Cynthia Fisher Miller (Director)
  • Nancy Jones (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the Education Foundation for Fort Worth Schools is to generate & distribute resources to FWISD to enrich, expand programs needed to meet the Districts stated misson and promote excellence in education; maximizing innovative opportunities for all students in FWISD

What it reported doing in 2018

2017 District Walk $11,500Diamond Hill Jarvis $1290Dunbar HS $10,000Fort Worth Afterschool 2016 $14,700Fort Worth After School 2017 $700FWISD Adoleschent Preg Service $2,550FWISD Teaching Chair Supplies $9,000FWISD Hiring Fair $905FWISD Robotics $1,455Historic Stop Six Initiative $750Leadership Academies 2017-2018 $317,357Literacy Initiatives 2017-2018 $22,400MCP 2016-2017 $1,000,000MCP 2017-2018 $387,500My Brothers Keeper $24,116Natha Howell ES $10,000Paschal HS $4,376Phi Theta Kappa $2,176Polytechnic HS $9,000 Scholarships $47,077Westpark ES $1,500

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 74
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.5%; rating input score 52
  • Program expense ratio: 81%; rating input score 81
  • Fundraising efficiency: $248.6 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 35.3%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 0.77; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 94; 94th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 84; 84th percentile among comparable filings

Growth

  • Program expense growth: 28.7% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 38.8% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 76.6% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 52.5% of revenue deployed · 81% of spending went to programs
  • Governance: 16 of 16 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $533K in reported program spending
  • Leadership: top reported pay $0 · 15 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2015 to 2018
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 52/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.