TREASURER

2013-01-23T09:25:01-06:00 2012-08-31 LOVELADY CHRISTY ASSOCIATES 801 S FILLMORE ST STE 420 AMARILLO TX 79101 990 2011-09-01 752593684 DUMAS EDUCATION FOUNDATION INC DUMA 8069357919 P O BOX 615 DUMAS TX 790290615 JAMES ALLEN TREASURER 8069357919 2013-01-31 true BRENDA KEENEY DEBONS 8063734884 2013-01-21 2011 2016-02-25 16:41:14Z JAMES ALLEN P O BOX 615 DUMAS TX 79029 203000 false X CLASSROOM.DUMAS-K12.NET/WEBS/DEF/ X 1994 TX TO PROVIDE GRANTS TO TEACHERS FOR NEW AND INNOVATIVE PROJECTS NOT FUNDED BY THE SCHOOL DISTRICT AND TO PROVIDE SCHOLARSHIPS TO STUDENTS IN THE SCHOOLS OF DUMAS, TEXAS. 19 19 1 21 0 184838 171323 0 22069 31677 12860 0 219767 203000 0 0 8079 9269 0 8122 156455 164106 164534 173375 55233 29625 1427813 1501365 930 935 1426883 1500430 TO PROVIDE GRANTS TO TEACHERS FOR NEW AND INNOVATIVE PROJECTS NOT FUNDED BY THE SCHOOL DISTRICT AND TO PROVIDE SCHOLARSHIPS TO STUDENTS IN THE SCHOOLS OF DUMAS, TEXAS. false false 155879 TO PROMOTE EDUCATION IN DUMAS, TEXAS, BY AWARDING GRANTS TO TEACHERS AND SCHOLARSHIPS TO STUDENTS IN THE DUMAS INDEPENDENT SCHOOL SYSTEM. 155879 true true false false false false false false false true true false false false true false true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false true 0 0 1 true false false false false false false X 19 19 false false false false false true false true true false false true true true true false false true false false X JAMES R ALLEN 8069357919 P O BOX 537 DUMAS TX 790290537 X BRENDA RICE PRESIDENT 1.00 X X 0 0 0 CINDY POPE SECRETARY 1.00 X X 0 0 0 JAMES ALLEN TREASURER 2.00 X X 0 0 0 ROWDY RHOADES 1.00 X 0 0 0 LAURA BRUNSON 1.00 X 0 0 0 NANCY GRUNDY 1.00 X 0 0 0 CHERYL COYLE 1.00 X 0 0 0 BOB BRINKMAN 1.00 X 0 0 0 GENEVA SAENZ 1.00 X 0 0 0 FLORA PARADES 1.00 X 0 0 0 BEN MAPLES 1.00 X 0 0 0 DIANA DIAZ 1.00 X 0 0 0 ANDREW MCMURRY 1.00 X 0 0 0 DARRELL WAIT 1.00 X 0 0 0 WANDA BROOKS 1.00 X 0 0 0 CAROL LEDBETTER 1.00 X 0 0 0 PATSY LONG 1.00 X 0 0 0 ANITA MCDOWELL 1.00 X 0 0 0 LAWRENCE BUSSARD 1.00 X 0 0 0 false false false 19750 5000 146573 1800 171323 31677 31677 19750 203000 31677 8610 2152 4306 2152 659 165 329 165 3350 3350 7174 6685 489 1800 450 900 450 QUEST EDUCATION EXPENSES 101888 101888 SCHOLARSHIPS 34466 34466 TEACHER GRANTS 10073 10073 SUPPLIES 3194 3194 2161 2161 173375 155879 9374 8122 974286 906749 42643 3749 3749 451773 550517 1754 1456 1427813 1501365 112 112 818 823 930 935 X 29859 18726 1397024 1481704 1426883 1500430 1427813 1501365 29625 43922 X false true true X false X 155940 105017 176755 184838 171323 793873 1800 1800 1800 5400 157740 106817 178555 184838 171323 799273 799273 57306 41926 22489 22069 31677 175467 14345 12860 27205 1001945 0.79770 0.79450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false 1397024 145435 75599 136354 1481704 1333519 161686 25198 123379 1397024 1301774 149689 26048 143995 1333519 1.00000 false false false 3749 3749 ACCRUED WAGES 650 PAYROLL TAXES PAYABLE 173 823 203000 173375 29625 43922 43922 73547 248722 43922 1800 45722 203000 203000 175175 1800 1800 173375 173375 ANNUAL AWARDS B 18000 18000 18000 18000 ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A BOARD MEMBERS ARE VOLUNTEERS WHO HAVE BEEN APPROVED FOR SERVICE BY THE BOARD OF DIRECTORS. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THIS RETURN IS PROVIDED TO THE TREASURER OF THE BOARD OF DIRECTORS AT THE BOARD OF DIRECTORS MEETING WHERE THE AUDIT REPORT IS PRESENTED. THE TREASURER, WHO IS A CPA, REVIEWS AND APPROVES THE TAX RETURN. AFTER HE HAS APPROVED THE TAX RETURN, THE TREASURER SIGNS THE AUTHORIZATION FOR ELECTRONIC FILING OF THE TAX RETURN AND RETURNS IT TO THE PREPARER OR SIGNS THE RETURN AND MAILS IT TO THE IRS. THE PREPARER FILES THE RETURN ELECTRONICALLY. A COPY OF THE RETURN IS PROVIDED TO MEMBERS OF THE BOARD OF DIRECTORS AT THE BOARD MEETING WHERE THE AUDIT REPORT IS PRESENTED. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS AND EMPLOYEES MUST DISCLOSE THE EXISTENCE OF FINANCIAL INTERESTS AND ARE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE EXECUTIVE DIRECTOR AND MEMBERS OF THE BOARD. THE INTERESTED PARTY MAY NOT TAKE PART IN THE DISCUSSION OF THE CONFLICT. THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE DETERMINES WHETHER DUMAS EDUCATION FOUNDATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED BOARD MEMBERS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN DUMAS EDUCATION FOUNDATION'S BEST INTEREST AND WHETHER IT IS FAIR AND REASONABLE. IF THE BOARD OF DIRECTORS DETERMINES THAT A BOARD MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE BOARD MAY TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. THERE ARE NO OTHER EMPLOYEES OTHER THAN THE EXECUTIVE DIRECTOR. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 FINANCIAL RECORDS ARE MAINTAINED AT THE OFFICE OF THE BOARD TREASURER AND ARE AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER RECORDS, INCLUDING GOVERNING DOCUMENTS, ARE MAINTAINED AT THE OFFICE OF DUMAS EDUCATION FOUNDATION, INC. AND ARE AVAILABLE TO THE PUBLIC UPON REQUEST.