MCKINNEY EDUCATION FOUNDATION Charity Report

Public IRS 990 nonprofit record

MCKINNEY EDUCATION FOUNDATION

EIN 75-2401624 · Education (B820)

What they do

to Inspire and Assist McKinney ISD Students and Teachers Toward Excellence and Make A Difference In A Childs Life Through Education. Although The Form 990 May Reflect An Operating Deficit for The Year Ended June 30, 2024, This Variance is Offset By Donor-restricted Endowment Earnings That Were Approved for Release and Used to Support Operations Within The Same Fiscal Year. As Such, The Reported Deficit Does Not Reflect A Cash Shortfall or Structural Financial Imbalance.During FYE 2024, The Foundation Transferred Monies From Endowment Earnings to Support Its Mission As Follows: $175,000 to Cover Costs of College Advisors Under The Dream Builders Program $143,622 to Cover Endowment Management Fees (assessed At 1.6% of The Endowment Fund Balance) $669,700 for Scholarships $99,504 for Classroom and Program GrantsThese Distributions Were Approved In Accordance With The Foundations Endowment Spending Policy and Represent The Purposeful Use of Donor-restricted Funds.As A Result, What May App

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $75.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders15 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

48.53%of revenue went to mission work75.2% of expenses · Program services

4.25%of revenue went to fundraising6.6% of expenses

$64.53spent for every $100 of revenueRevenue covered expenses this year.

11.75%of revenue went to management and office costs18.2% of expenses

$9.43in assets for every $1 spent this yearSome assets cannot be spent right away.

88.1%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $148,835 for SHEILA DUE (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,553,186

Mission workProgram services$1,238,97648.53% of revenue75.2% of expenses

ManagementOffice and general costs$299,94611.75% of revenue18.2% of expenses

FundraisingAsking for donations$108,5444.25% of revenue6.6% of expenses

Revenue left after expensesReported annual surplus$905,72035.47% of revenueShown in gray on the chart

Total expenses$1,647,46664.53% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 75.2% mission · 18.2% management · 6.6% fundraisingTotal expenses: 64.53% of revenue

2023Expense mix: 79.5% mission · 13.1% management · 7.3% fundraisingTotal expenses: 110.91% of revenue

2022Expense mix: 80.2% mission · 12.7% management · 7.2% fundraisingTotal expenses: 103.33% of revenue

2021Expense mix: 82.8% mission · 12.1% management · 5.1% fundraisingTotal expenses: 91.94% of revenue

2020Expense mix: 83.8% mission · 10.6% management · 5.6% fundraisingTotal expenses: 82.06% of revenue

2019Expense mix: 81.3% mission · 11.5% management · 7.2% fundraisingTotal expenses: 47.47% of revenue

2018Expense mix: 85.9% mission · 9.7% management · 4.3% fundraisingTotal expenses: 109.45% of revenue

2017Expense mix: 86.2% mission · 8.9% management · 4.9% fundraisingTotal expenses: 75.36% of revenue

Money in and money out

Revenue$2,553,186

Expenses$1,647,466

Annual surplus $905,720 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,238,976 · 75.2% of expenses

Management and office costs$299,946 · 18.2% of expenses

Fundraising$108,544 · 6.6% of expenses

See all reported dollar amounts

Revenue$2,553,186

Expenses$1,647,466

Assets$15,530,777

Income$3,838,869

Contributions$2,249,732

Mission work (program services)$1,238,976

Fundraising$108,544

Management and general$299,946

Executive compensation (total)$90,242

Stocks and bonds$14,548,726

Accounting fees$85,600

Investing fees$72,022

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

SHEILA DUECEO · 40 hrs/week $148,835Base $144,500 · Other $4,335

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (15)

SHEILA DUECEO

CAROLYN BROOKSVP-DEVELOPMENT

CHRISTIE RHYNEDIRECTOR

DENISE HOLTHAUSDIRECTOR

DON HAUGHDIRECTOR

JANETTE JOHANSONINT. VP OF FIN.

KIP DIXONCHAIRMAN

LUCAS HENRYVP AT LARGE

MARK KEVERVICE CHAIRMAN

MEGAN GALLEGOSDIRECTOR

SARA HASSLERDIRECTOR

SUSAN HYKELDIRECTOR

TERRI SPRIESTERVP-ADMIN

TODD WEISHAARSECRETARY

TONY CARVERDIRECTOR

About this charity

Recognized since: January 1994
Location: 510 HEARD STREET, MCKINNEY, TX 75069
County: Collin
In care of: SHEILA DUE
Primary officer: SHEILA DUE, CEO

How to reach them

WebsiteVisit the charity’s website Phone(469) 302-6313

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: SUTTON FROST CARY LLP
NTEE classification: Education (B820)
IRS tax category: Civic and Social Organizations