Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2008.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
83 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
5 people listed on the 990.
Lisa Odom’s $60K as Principal is at the 52nd percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
- Loans to or from officersSch L · Pt II2 listed
Programs and updates
Educates and equips students with unique skills for college success.
Questions for Texas Spring Corporation
Your first name shows with your question. Texas Spring Corporation answers here, for everyone.
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The school is teaching 7TH, 8TH, 9TH, 10TH, 11TH, and 12TH grades. The school has 32 students and continues to add students. The school shall be conducted by qualified administrators and teachers on a year round school schedule in arlington texas.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $66K | $72K |
| Land, buildings, equipmentLn 10c | $70K | $66K |
| Total assetsLn 16 | $136K | $138K |
| LiabilitiesLn 26 | $58K | $48K |
| Net assetsLn 32 | $78K | $90K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $439K | $439K | ||
| Other employee benefitsLn 9 | $9K | $9K | ||
| Payroll taxesLn 10 | $18K | $9K | $9K | |
| Accounting feesLn 11c | $5K | $2K | $2K | |
| Advertising and promotionLn 12 | $4K | $4K | ||
| Office expensesLn 13 | $3K | $1K | $2K | |
| OccupancyLn 16 | $59K | $14K | $45K | |
| Depreciation, depletion and amortizationLn 22 | $4K | $4K | ||
| InsuranceLn 23 | $5K | $1K | $4K | |
| Other expenses (24a–d)Ln 24 | $72K | $53K | $19K | |
| All other expensesLn 24e | $46K | $27K | $17K | $2K |
| Total functional expensesLn 25 | $665K | $551K | $108K | $6K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $676K | $665K | $11K | $90K | 990 PDF |
| FY2023 | $692K | $654K | $37K | $78K | 990 PDF |
| FY2022 | $487K | $563K | −$76K | $15K | 990 PDF |
| FY2021 | $0 | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $675,803 revenue, 12 lines filed
Part VI · Governance 0 of 4 board members independent, 4 to look at
Part VIII · Statement of revenue $675,803 across 5 lines filed
Part IX · Statement of functional expenses $664,587 across 11 lines filed
Part X · Balance sheet $137,571 assets, 8 lines filed
Part XI · Reconciliation of net assets $89,966 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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