Rockwall Isd Education Foundation Inc
Nonprofit profile at a glance
- EIN
- 200317398
- IRS 990 coverage
- 2021–2021
- Forms available
- Form 990 2021
- Location
- Rockwall, TX, USA
- Phone
- 4696987094
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $169,327
- Expenses
- $160,097
- Assets
- $664,950
- Liabilities
- $4,446
Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- Lacy Deckard (President)
- Cindy Tayem (Vice President-Awards and Grants)
People named in this filing
- Whitney Abbott (Secretary)
- Tommy Baugh (Director)
- Becky Burkett (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 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Rockwall ISD Education Foundation's primary exempt purpose is for the educational enhancement of the students of Rockwall ISD. The Foundation awards grants to educators in the school district to fund various education activities not normally funded by the school district's regular operating budget. Additionally, the Foundation provides grants to educators who are new to the school district and new to the teaching profession. The Foundation also periodically makes designated scholarship grants to students of the school district.
What it reported doing in 2021
The Education Foundation assists teachers in Rockwall ISD with unbudgeted projects and provides support for educators new to the district and new to the teaching profession.
Operating model
- Revenue model
- Donor-supported. 92% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 41% for direct work, and 59% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 80
- Accountability: 76
- Sustainability: 56
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.5%; rating input score 64
- Program expense ratio: 55%; rating input score 55
- Fundraising efficiency: $4.17 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings
Transparency & Controls
- Consistency checks: 81.8%; rating input score 82; 1st percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 84.6%; rating input score 85; 51st 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; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: 5.5%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 4.15; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 52; 52nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 70; 70th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 63.5% of revenue deployed · 55% of spending went to programs
- Governance: 14 of 14 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $88K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 37 of 39 current checks pass · 2 findings to review
- Schedules: 5 filed schedules · includes major donors and grants
- Contacts: How to reach this organization
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Financial Efficiency: Program expense ratio scored 55/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 15/100.
- Moderate — Sustainability: Operating margin scored 42/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 52/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.