GROOM ISD
REVENUE PROFILE
2012 AND BEYOND
The Case for an Educational Foundation
Components of School District Revenue
Target Revenue 2006
State Sources:
Local Sources:
Foundation School Program (FSP)
Property Taxes
Available School Fund (ASF)
Fees for Services
Federal Sources:
Donations
Special Program Funding (IDEA)
Misc.
REAP
Grants
Economic Stabilization Funds
EDU Jobs Grant
Local Revenue
Local Property Tax Revenues are improving
– the last 2 years have shown increases in
values.
This SHOULD provide additional revenue for
our local district – however – as local
revenue increases, state aid decreases –
resulting in maintaining TARGET REVENUE
for the district.
80000000
70000000
60000000
50000000
40000000
30000000
20000000
10000000
0
PVS
Budget
Revenue from Property Values
Revenue
1000000
800000
600000
400000
200000
0
Revenue
Year
School
Yr.
Rate
Yield
2007
07-08
1.04
651,010
2008
08-09
1.04
690,236
2009
09-10
1.04
710,934
2010
10-11
1.17
794,929
2011
11-12
1.17
743,639
2012
12-13
1.17
791,430
2013
13-14
1.17
816,804
Decline in State Revenue
The 82nd
Texas
Legislature cut
education
funding by $4
billion.
Additionally,
state grant
programs
were cut by
$1.4 billion.
Year
State Foundation/ASF Revenue
2007
337,663
2008
650,486
2009
591,671
2010
594,001
2011
623,898
2012
579,134
2013
570,734
Decline in Federal Funding
Economic
Stabilization
Grants have
expired…
EDU Jobs
Funding is
Exhausted…
Federal Funding Levels – Groom ISD
2006-07
117,554.00
2007-08
119,302.00
2008-09
117,353.00
2009-10
158,502.00
2010-11
169,512.00
2011-12
132,044.00 (30,436) in One-Time Funding EDU JOBS
2012-13
112,510.00
2013-14
74,490.00
District General Fund Budget
2013-14
1,467,770
2012-13
1,412,185
2011-12
1,400,537
2010-11
1,431,707
2009-10
1,487,822
2008-09
1,444,983
2007-08
1,478,740
199 Budget
1500000
1480000
1460000
1440000
1420000
1400000
1380000
1360000
1340000
199
Budget
Options for Groom ISD

a)
b)
c)
d)
Raise Revenue
Raise Taxes
Grant Sources
Fees for Services
Private Sources of
Funding

a)
b)
c)
Reduce the Budget
Eliminate Programs
Eliminate Staff
Institute Stricter Cost
Controls
Raising Revenue
Raise Taxes
This is NOT an OPTION
for Groom – We are
Currently Taxing at the
State M&O Maximum
of $1.17…

Grant Sources
Grants are actively
being researched…
TASB Loss Prevention
Grant
Monsanto Grant

Raising Revenue
Fees for Services
Charge for Bus
Transportation
Charge for ExtraCurricular Program
Participation

Private Funding
Sources
Educational Foundation
Project Fundraising

The Choice – An Educational Foundation

Benefits







Promotes parental and community
involvement
Provides financial support directly to the
classroom
Promotes philanthropy within the community
Promotes school-community communication
networks
Allows schools to access untapped funding
sources
Opens an avenue for all community
members to support school programs
Provides tax benefits for contributors
through a 501(c)(3), private, non-profit
designation
Program Agenda

Establishing Purpose
..to provide financial support for
educational programs related to
student academic, character,
leadership, or performance
development.

Establishing the Mission
…to support educational innovation, student
academic success, and promote
community engagement within the Groom
Independent School District.
Groom Education Foundation

Goals – Shallowater





Strengthen and enrich learning through
the support of innovative programs
Support additional training and
resources for SISD
Provide additional tools to prepare
students for future success
Inspire parents and community
members to participate in the the
school community
Build community support and positive
attention for SISD







Goals – Groom
Provide additional financial resources to the
local ISD for academic pursuits
Provide additional tools to prepare students for
their futures
Inspire parents and community members to
participate in the the school community
Build community support and PRIDE for GISD
Support innovative programs and activities to
enrich learning opportunities for students
Support the overall mission of the school district
Board of Directors – Everyone Here

Founding Members
 Tim
Case
 Greg Hendricks
 Curtis Downs
 Tony Treadwell
 Jay Lamb

Divisions of Labor
 Programs
 Marketing
 Finance
& Governance
 Development
Foundation Officers

President, CEO



Tony Rocha
Vice Presidents

Programs

Marketing

Development

Finance/Governance
Secretary – Julie Friemel

Executive Committee
 President
 Vice
Presidents
 Secretary
 Superintendent
 At-Large Member
 Duties
Where do we go from here?



Establish Committees
Issue Work Charges
Foundation Innovation




Tool Kit
Register with Secretary of
State as a non-profit
corporation
Achieve 501(c)(3) Status
with the IRS


Executive Board
Meeting
Committee Meetings
Board of Directors
Meeting
THANK YOU

Thanks for your time,
your interest, your
patience, your
energy, and your
resources….but mostly
for your presence.