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EIN 75-2401624

Mckinney Education Foundation

IRS 501(c) type
501(c)(3)
Num. employees
7
City
MC Kinney
State
Texas
Year formed
1991
Most recent tax filings
2022-06-01
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
$1,500,466
2022
Total expenses
$1,379,548
2022
Total assets
$11,866,191
2022
Num. employees
7
2022

Program areas at Mckinney Education Foundation

Scholarships Awarded: This program assists students in attending post-secondary programs at higher education institutions. In 2021-2022, $585,050 in scholarships was awarded. Classroom and Professional Development Grants: The McKinney ISD and McKinney community support this program. $115,000 total was funded for or teachers in 2021-2022. 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. They helped students find and secure more than $24,919,402 million in outside scholarships in 2021-2022. These outside scholarships do not include MEF Scholarships.

Who funds Mckinney Education Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Radke Family FoundationTo Promote Education for Students.$37,500
Prism FoundationSupport$20,750
Coserv Charitable FoundationStudent Scholarships/teacher Grants$15,000
...and 5 more grants received

Personnel at Mckinney Education Foundation

NameTitleCompensation
Paul MerrittVice President - Finance / Secretary / Director$0
Ira DahlmanVice President - Administration$0
Kip DixonVice President - Education / Director / Board Member$0
Ashley SineExecutive Director$91,688
Rob MoorePresident$0
...and 7 more key personnel

Financials for Mckinney Education Foundation

RevenuesFYE 06/2022
Total grants, contributions, etc.$1,428,252
Program services$0
Investment income and dividends$182,105
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-109,891
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,500,466

Form 990s for Mckinney Education Foundation

Fiscal year endingDate received by IRSFormPDF link
2020-062021-05-26990View PDF
2019-062020-12-11990View PDF
2018-062019-07-23990View PDF
2017-062018-10-16990View PDF
2016-062017-04-18990View PDF
...and 6 more Form 990s
Data update history
July 3, 2023
Updated personnel
Identified 1 new personnel
June 26, 2023
Updated personnel
Identified 1 new personnel
May 11, 2023
Received grants
Identified 2 new grant, including a grant for $20,750 from Prism Foundation
August 3, 2022
Received grants
Identified 1 new grant, including a grant for $22,414 from Clubcorp Charities
July 10, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Fundraising eventsState / local levelReceives government fundingEndowed supportProvides scholarshipsTax deductible 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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