Midway Isd Education Foundation Inc

Nonprofit profile at a glance

EIN
742914982
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Woodway, TX, USA
Phone
2547615614
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Education

Official website

Reported finances

Revenue
$451,817
Expenses
$282,868
Assets
$4,700,831
Liabilities
$15,315

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

26 people listed

Executive titles in this filing

  • ERIN DUBOIS (PAST PRESIDENT)
  • JAMES RAINEY (PAST PRESIDENT)
  • JORDAN BARRY (PRESIDENT)
  • ASHLEY FUTRIS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ASHLEY FUTRIS (EXECUTIVE DIRECTOR): $52,221 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the midway isd education foundation is to generate and distribute resources to the midway independent school district for creative or innovative programs and projects that enhance the quality of education for our students.

What it reported doing in 2025

Classroom grant programs - the foundation provides funds to enhance educational programs and activities that are outside the scope of the typical school budget. Grants for great ideas allows classroom teachers to request funds to implement creative and innovative learning programs at all campuses in the midway independent school district. Grants are not paid to the individual teachers, but to the district itself. Sixty-three grants totaling $176,765 were awarded in 2025 and utilized on all campuses within the district.

Operating model

Revenue model
Donor-supported. 81% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 81% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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: 70
  • Transparency & Controls: 94
  • Accountability: 95
  • Sustainability: 75
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.2%; rating input score 59
  • Program expense ratio: 79%; rating input score 79
  • Fundraising efficiency: $1,137.31 raised per $1 spent on fundraising; rating input score 98; 98th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 37.4%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 16.62; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 18.5%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 3.4% per year; rating input score 100; 43rd percentile among comparable filings
  • Revenue growth: 3.7% per year; rating input score 100; 40th percentile among comparable filings
  • Asset growth: 10.2% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • Where the money goes: 59.2% of revenue deployed · 79% of spending went to programs
  • Governance: 24 of 24 board members independent · 7 of 8 filing controls reported
  • Programs: 5 filed program accomplishments · $224K in reported program spending
  • Leadership: top reported pay $52K · 26 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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 59/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 20/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.