Public Charity

MCKINNEY EDUCATION FOUNDATION

MCKINNEY EDUCATION FOUNDATION is a nonprofit organization categorized as Public Charity based in MCKINNEY, TX. Its most recent IRS filing (2025) reports revenue of $2.6M, expenses of $1.6M, total assets of $15.5M. Imperigo tracks 29 reported grant relationships connected to this organization totaling approximately $369K.

EIN: 752401624 MCKINNEY, TX Latest filing: 2025
Total Revenue$2.6M
Total Expenses$1.6M
Total Assets$15.5M
Grant Records29
Funding Total$369K
Filing Years2021–2025

Mission

To inspire and assist McKinney ISD students and teachers toward excellence and make a difference in a child's 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

Officers & Directors

VP-DEVELOPMENT Carolyn Brooks
Director Christie Rhyne
Director Denise Holthaus
Director Don Haugh
INT. VP OF FIN. Janette Johanson
Chairman Kip Dixon

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL SUPPORT
$64,403 4 grants
For grant recipient's exempt purposes
$49,680 2 grants
GRANT APPROVAL FOR SCHOLARSHIPS
$45,000 3 grants
AFTER SCHOOL STEM PROGRAM
$40,940 2 grants
SCHOLARSHIPS AND GRANTS
$35,000 3 grants

Financial Trends

Year Revenue Expenses Assets
2025 $2.6M $1.6M $15.5M
2024 $1.6M $1.8M $14.3M
2023 $1.2M $1.2M $12.7M
2022 $1.5M $1.4M $11.9M
2021 $1.5M $1.3M $13.4M

Between 2021 and 2025, reported annual revenue grew from $1.5M to $2.6M (+66%), with total assets most recently reported at $15.5M.

Interactive year-over-year charts and full filing details available with membership.

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