Education

Cypress Fairbanks Educational Foundation

  • Cypress, TX
  • www.thecfef.org

Mission Statement

We raise funds to increase college access for graduates of Cy-Fair ISD by awarding scholarships and to promote excellence in teaching by providing staff development grants to CFISD.

Main Programs

  1. Salute to the Stars
  2. Cypress Hoops Invitational
  3. B.F. Adam Golf Classic
  4. Salute to Our Heroes

ruling year

1970

Principal Officer since 2005

Self-reported

Marie Holmes

Keywords

Self-reported

scholarships, staff development grants, fundraising, events

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EIN

23-7079589

 Number

3299106034

Physical Address

12841 Jones Road, Suite 111

Houston, TX 77070

Also Known As

Cy-Fair Educational Foundation

Contact

Cause Area (NTEE Code)

Scholarships, Student Financial Aid, Awards (B82)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

The Foundation provides college financial support to capable and motivated CFISD student leaders with significant financial need.  Our Trustees are passionate community and business leaders committed to raising funds for student scholarships and staff development grants. The Foundation and its Trustees work closely with CFISD and the Lone Star College-CyFair to impact quality of life in our community and improve access to college. In 2013 the Foundation awarded $292,500 in student scholarships to 101 students bringing the total amount of scholarships awarded to over $5 million since 1970.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Salute to the Stars

The Salute to the Stars Gala recognizes outstanding teachers while raising funds for quailified students seeking education beyond high school and by funding staff development grants for CFISD.

Category

Education, General/Other

Population(s) Served

Adults

None

None

Budget

167720.00

Program 2

Cypress Hoops Invitational

A 24-team CFISD boys varsity basketball tournament, creates a successful high school basketball tournament that engages the entire community. Profits from the tournament will provides college scholarships for district students as well as staff development grants to CFISD for innovative and creative teacher training.

Category

Education, General/Other

Population(s) Served

Adults

None

None

Budget

$25,000.00

Program 3

B.F. Adam Golf Classic

This year CFEF held the 25th Annual B.F. Adam Golf Classic benefiting deserving Cy-Fair ISD graduates. The tournament was held at the beautiful BlackHorse Golf Club. The tournament included lunch, dinner, awards ceremony and raffle. The tournament was named after B.F. (Bernard Fred) Adam, a lifelong Cy-Fair resident and a devoted school board member, serving 24 years on the board. B.F. Adam Elementary on Honey Grove Lane is named in his honor.

Category

Education, General/Other

Population(s) Served

Adults

None

None

Budget

118671.00

Program 4

Salute to Our Heroes

Salute to Our Heroes has two purposes. First, to give tribute to our heroes – soldiers serving now, veterans, and those who have been wounded or killed in action. We want to honor those who have served their country. The second purpose is to raise funds for scholarships for Cy-Fair ISD students. Each year we give three scholarships per Cy-Fair ISD high school, and the number of high schools is growing. It has been a challenge keeping up with the demand, but CFEF is dedicated to this mission.

Category

Education, General/Other

Population(s) Served

Adults

None

None

Budget

71119.00

Charting Impact

Self-reported by organization

Five powerful questions that require reflection about what really matters - results.

  1. What is the organization aiming to accomplish?
    Quality education strengthens our community by supplying our businesses with competent employees and attracting positive growth. It also serves our community's future by developing strong leaders. The Foundation plays an important role in our community's success by supporting education. The Foundation not only awards scholarships to the students of the Cypress Fairbanks ISD but we raise funds for staff deveolpment grants for the teachers and leaders of the school district. Our goal is to help as many students get a college education as possible.
  2. What are the organization's key strategies for making this happen?
    CFEF has several fundraising events each year that help us raise funds. In addition the foundation has an endowment program which helps us offset the amount we give out in scholarships.
  3. What are the organization's capabilities for doing this?
    A recent national study of education foundations and funds in the 50 largest school districts ranks the Top 20 education foundations/funds in the nation is supporting public education. The National Study of Education Foundations rated Cy-Fair Educational Foundation ranked number 15.
  4. How will they know if they are making progress?
    CFEF increases revenues each year, with strong events, our endowment program and a conservative approach to investing we have set fourth the stepping stones to bring the foundation to the next level.
  5. What have and haven't they accomplished so far?
    CFEF is approaching the 50th Anniversary, our goal is to raise the dollar amount of scholarships that we award each year to students to increase the impact that we have on our community.

External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

Cy-Fair Educational Foundation
Fiscal year: Jul 01-Jun 30
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

Cypress Fairbanks Educational Foundation

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2015, 2014 and 2013
  • Board Chair
  • Access to the GuideStar Community
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Principal Officer

Marie Holmes

STATEMENT FROM THE Principal Officer

"Recently CFEF was ranked number 15 in a national study of education foundations and funds in the 50 largest school districts ranks the Top 20 education foundations/funds in the nation is supporting public education. The study was conducted by Dewey & Associates.

The firm studied the education funds/foundations in the 50 largest school districts in the nation, which are based on the number of public school students. The purpose of the study is to compare the education funds/foundations in supporting and enhancing public education in their districts. dewey & associates has worked with local education foundations and school districts throughout the nation, including many in the 50 largest in the nation."

Governance

BOARD CHAIR

Linda Humphries

BOARD LEADERSHIP PRACTICES

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices. Self-reported by organization


RESPONSE NOT PROVIDED

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?


RESPONSE NOT PROVIDED

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?


RESPONSE NOT PROVIDED

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?


RESPONSE NOT PROVIDED

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?


RESPONSE NOT PROVIDED

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?