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To provide scholarships to graduating high school students in the Frisco Independent School District. The Foundation also supports educational programs and educators in the District through Grants for Great Ideas.
Source: IRS Form 990 (Tax Year 2025)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$1.4M
Program Spending
78%
of total expenses go to program services
Total Contributions
$1.1M
Total Expenses
▼$1.2M
Total Assets
$5.7M
Total Liabilities
▼$242K
Net Assets
$5.5M
Officer Compensation
→N/A
Other Salaries
$64.8K
Investment Income
$221.5K
Fundraising
▼$315.3K
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2025 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $1.4M | $1.1M | $1.2M | $5.7M | $5.5M |
| 2023 | $1.1M | $906.4K | $951.8K | $5M | $4.8M |
| 2022 | $1.1M | $959.9K | $947.8K | $4.7M | $4.5M |
| 2021 | $1M | $842.6K | $914.1K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2025 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2024 | 990 | DataIRS e-File | |
| 2023 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2025)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Megan Nguyen-Trinh | Treasurer | 3 | $0 | $0 | $0 | $0 |
| Michael Elman | Secretary | 3 | $0 | $0 | $0 | $0 |
| Michael Simmons | President | 3 | $0 | $0 | $0 | $0 |
Megan Nguyen-Trinh
Treasurer
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Michael Elman
Secretary
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Michael Simmons
President
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| David Turner | Asst Treasurer | 3 | $0 | $0 | $0 | $0 |
David Turner
Asst Treasurer
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Christin Timmons | Board Member | 3 | $0 | $0 | $0 | $0 |
| Dawn Richardson | Board Member | 3 | $0 | $0 | $0 | $0 |
| Dustin Paschal | Board Member | 3 | $0 | $0 | $0 | $0 |
| Genisha Handy | Board Member | 3 | $0 | $0 | $0 | $0 |
| Hannon Mckemie | Board Member | 3 | $0 | $0 | $0 | $0 |
| Jody Daley | Board Member |
Christin Timmons
Board Member
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Dawn Richardson
Board Member
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Dustin Paschal
Board Member
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
| $4.9M |
| $4.7M |
| 2020 | $1.1M | $998.1K | $1M | $4.5M | $4.2M |
| 2019 | $1.1M | $981.3K | $1.1M | $4.2M | $4M |
| 2018 | $1.2M | $1.1M | $1.2M | $4.2M | $4M |
| 2017 | $1.1M | $959.3K | $979.7K | $4.1M | $3.9M |
| 2016 | $1M | $824.5K | $854.6K | $3.9M | $3.6M |
| 2015 | $910.2K | $729.3K | $954.4K | $3.8M | $3.5M |
| 2014 | $1.8M | $1.8M | $726.4K | $3.9M | $3.6M |
| 2013 | $781.5K | $714.5K | $741.9K | $2.7M | $2.4M |
| 2012 | $756.7K | $696.8K | $645.6K | $2.6M | $2.4M |
| 2011 | $785.5K | $653.2K | $604.7K | $2.5M | $2.3M |
| 2022 | 990 | Data |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 3 |
| $0 |
| $0 |
| $0 |
| $0 |
| Lindsay Teague | Board Member | 3 | $0 | $0 | $0 | $0 |
| Lori Mccaghren | Board Member | 3 | $0 | $0 | $0 | $0 |
| Markques Mcknight | Board Member | 3 | $0 | $0 | $0 | $0 |
| Megan Stevens | Board Member | 3 | $0 | $0 | $0 | $0 |
| Peter Burns | President Elect | 3 | $0 | $0 | $0 | $0 |
| Sree Majji | Board Member | 3 | $0 | $0 | $0 | $0 |
| Thor Anderson | Board Member | 3 | $0 | $0 | $0 | $0 |
Genisha Handy
Board Member
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Hannon Mckemie
Board Member
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Jody Daley
Board Member
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Lindsay Teague
Board Member
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Lori Mccaghren
Board Member
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Markques Mcknight
Board Member
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Megan Stevens
Board Member
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Peter Burns
President Elect
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Sree Majji
Board Member
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Thor Anderson
Board Member
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0