Ector County ISD Education Foundation
Statements Of Financial Position

DECEMBER 31, 2014
(WITH COMPARATIVE TOTALS FOR 2013)

  2014 2013
ASSETS    
Cash $ 196,604 $ 150,606
Equipment, net of accumulated depreciation
Beneficial Interest - Permian Basin Area Foundation $2,680,434 $2,736,031
TOTAL ASSETS $ 2,877,038 $2,886,637
     
LIABILITIES AND NET ASSETS    
Accounts payable $4,175 $4,175
TOTAL LIABILITIES $4,175 $4,175
     
NET ASSETS    
Unrestricted    
Operating $1,594,388 $1,751,022
Board Designated $1,199,979 $1,116,406
  $2,794,367 $2,867,428
     
Temporarily Restricted $78,496 $15,034
Permanently Restricted
TOTAL NET ASSETS $2,872,863 $2,882,462
TOTAL LIABILITIES AND NET ASSETS $2,877,038 $2,886,637

The mission of the Education Foundation is to be the catalyst for opportunity through education.

The Education Foundation provides a new and innovative source of funding to support the school district's educational plan. The Foundation does not attempt to replace lost state funding, nor does it attempt to take the place of the district's operating budget. When considering the level of funding required to educate students, the Foundation can expect only to provide funds ...read more