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
Executive compensation
Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023
Percentile bands compare each position's total pay with the same role at Education organizations in Texas.
| Position | Total |
|---|---|
CEO 10th to 25th percentile | $37k $40k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Dallas-Fort Worth-Arlington, TX metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 16 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at MCKINNEY EDUCATION FOUNDATION equaled 2% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Down 61%
from 2022
From $94k in 2022 to $37k in 2023.
Estimated with Dallas-Fort Worth-Arlington, TX metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about MCKINNEY EDUCATION FOUNDATION
What does the Chief Executive Officer of MCKINNEY EDUCATION FOUNDATION earn?
In 2023, the Chief Executive Officer of MCKINNEY EDUCATION FOUNDATION received $36,667 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among Education organizations in Texas, above the lowest 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at MCKINNEY EDUCATION FOUNDATION compare with similar nonprofits?
Compared with the same role at Education organizations in Texas, the 2023 pay of the Chief Executive Officer at MCKINNEY EDUCATION FOUNDATION falls between the 10th and 25th percentiles. In 2023, the highest total compensation at MCKINNEY EDUCATION FOUNDATION equaled 2% of the organization's total expenses. The median for education organizations is 7%.
What are MCKINNEY EDUCATION FOUNDATION's revenue and expenses?
In 2023, MCKINNEY EDUCATION FOUNDATION reported $1.6M in total revenue and $1.8M in total expenses on its IRS Form 990.
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