Changing Expectations Corp EIN 20-3122281

Changing Expectations Corp

EIN  20-3122281 Public charity (501(c)(3)) Round Rock, TX Founded 2010
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Offers STEM and computer science education to underserved students.
Leadership
Phillip Eaglin · Founder and CEO
Money in and out
$286K revenue, $272K expenses
Bottom line
100% program efficiency

Offers STEM and computer science education to underserved students. For fiscal year 2025 it reported $286K in revenue, $272K in expenses, and $178K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$286K
Pt VIII · Ln 12
Total expenses
$272K
Pt IX · Ln 25
Net assets
$178K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $14K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
7.9mo
months of highly liquid reserves at operating expense rate▼ -20% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▲ +615% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$286K
FY2025▲ +42%
Expenses
$272K
FY2025▲ +34%
Total assets
$179K
FY2025▲ +7%
Total liabilities
$1K
FY2025▼ -66%
Total revenue
$286K
Pt VIII · Ln 12
Total expenses
$272K
Pt IX · Ln 25
Net assets
$178K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$14K
Total assetsPt X · Ln 16$179K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services, described in the organization's own filed words · FY2025.
01

Changing Expectations delivers AI literacy programs serving parents and educators. The AI literacy program provides projectbased learning in responsible AI design and physical computing using tools such as machine learning platforms, Scratch, and Micro:bit.

Pt IX · col B
02

The Computer Science for All (csforall

RPP) project is designed to study and increase arican-american and hispanic students with disabilities interest, engagement, learning, knowledge, and persistence in computer science education (CS) and careers.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChanging Expectations Corp
EINHdr · item D20-3122281
Principal addressHdr · item CRound Rock, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2010
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFDec 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Founder and CEO
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Phillip Eaglin PHD’s $113K as Founder and CEO is at the 88th percentile of top reported officer pay among 1616 $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.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Phillip Eaglin PHD$113,206$41,000$96,234$108,002$105,916
Phillip Eaglin PHD$108,002
Phillip Eaglin Founder and CEO$105,916
Ada Muoneke PHD$45,631$90,182$88,050
Ada Muoneke$90,182
Ada Muoneke Investigator$88,050
Loretta King$24,462$25,157
Loretta King Administrative Assista$25,157

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$285K
Other revenue$816
— government grantsLn 1e$268K
Total revenueLn 12$286K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$272K
Total functional expensesLn 25$272K

Balance Sheet

Part X · end of year
CashLn 1$179K
Total assetsLn 16$179K
Total liabilitiesLn 26$1K
Total net assetsLn 32$178K
Months of cash on handcomputed7.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $179K · Operating expenses/yr $272K
7.9 months
Where the money goes
Program services
Program services $272K · Total expenses $272K
100%
Management & General
Management & general $0 · Total expenses $272K
0%
Fundraising
Fundraising $0 · Total expenses $272K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $51K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $285K · Total revenue $286K
100%
Government reliance
Government grants $268K · Total revenue $286K
94%
Earned-income share
Program service revenue $0 · Total revenue $286K
0%
Investment reliance
Investment income $0 · Total revenue $286K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $272K
0%
Growth & trend
Revenue growth (YoY)
This year $286K · Prior year $201K
+42%
Revenue CAGR
FY2020 $513K · FY2025 $286K
-11%
Net-asset trend (YoY)
End of year $178K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $286K · Expenses $272K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $179K
Net-asset ratio
Net assets $178K · Total assets $179K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $179K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Phillip Eaglin · Reported title FOUNDER AND CEO · Highest reported compensation $0 · Total expenses $272K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $113K · Total expenses $272K
41%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Revenue growth 42%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 3 funders$48K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$286K revenue · viewing · ⤓ 990 PDF
FY2024$201K revenue · ⤓ 990 PDF
FY2023$115K revenue · ⤓ 990 PDF
FY2022$360K revenue · ⤓ 990 PDF
FY2021$429K revenue · ⤓ 990 PDF
FY2020$513K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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