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
Should I give to this charity?
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
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
Ask these three easy questions
- 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.
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.
Financial picture
A quick look at the charity’s latest reported finances. The available records are too limited for us to sell a complete report.
How reported expenses were divided
This free view shows the broad spending mix. Exact dollar amounts and revenue comparisons are included in the complete report.
Mission work is the Form 990 category called program services. These are the organization’s reported accounting categories, not an independent measure of results.
About this charity
- Recognized since
- January 1994
- Location
- 510 HEARD ST, MCKINNEY, TX 75069-2749
- County
- Collin
- In care of
- % MARGARET HARSCH