Restore Education EIN 26-2966263

Restore Education

EIN  26-2966263 Public charity (501(c)(3)) San Antonio, TX Founded 2010
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/13/26 · see original filing: IRS
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Size
$1–10M
What they do
Empowers at-risk youth and adults to become college and career-ready for successful futures.
Leadership
Kelli Rhodes · President & CEO · $150K
Money in and out
$9.7M revenue, $9.2M expenses
Bottom line
93% program efficiency

Empowers at-risk youth and adults to become college and career-ready for successful futures. For fiscal year 2025 it reported $9.7M in revenue, $9.2M in expenses, and $3.9M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$9.7M
Pt VIII · Ln 12
Total expenses
$9.2M
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $514K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.04 Fundraising $0.03
Program efficiency
93%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
3.7mo
months of highly liquid reserves at operating expense rate▼ -12% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▲ ×24 vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$9.7M
FY2025▲ +55%
Expenses
$9.2M
FY2025▲ +47%
Total assets
$5.8M
FY2025▼ -9%
Total liabilities
$1.9M
FY2025▼ -20%
Total revenue
$9.7M
Pt VIII · Ln 12
Total expenses
$9.2M
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$514K
Total assetsPt X · Ln 16$5.8M
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $8.5M of program spending, described in the organization's own filed words · FY2024.
01

Passport Program

Provides at-risk, inner-city youth (those who are economically disadvantaged, teen parents, or foster youth) and adults who have dropped out of high school with an opportunity to earn their high school equivalency (hse) credential and prepare for college and careers simultaneously.

$8.5Mprogram expense
02

Compass Program

Provides hse graduates and first generation college students with on-going support and guidance as they complete their 2 and 4 year degrees at local colleges. These students have access to a personal mentor dedicated to their success as well as a designated area located next to the college campus staffed with tutors and equipped with…

Pt IX · col B
03

Fast Path Program

Offers low-income high school students with free standardized test preparation workshops and tutoring to prepare them for dual credit courses and college enrollment. In 2023, the fast pass program provided various workshops to 448 students in south texas.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRestore Education
EINHdr · item D26-2966263
Principal addressHdr · item CSan Antonio, TX
WebsiteHdr · item Jwww.restoreeducation.org
Year of formationHdr · item L2010
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B80)
Ruling yearIRS BMFMar 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President & CEO
$150,001Pt VII · Sec A
Chief Prog. Ofc
$128,051Pt VII · Sec A
Ael Cons. Dir.
$115,770Pt VII · Sec A
$81,152Pt VII · Sec A
Chf. Develp. of
$78,923Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A

Kelli Rhodes’s $150K as President & CEO is at the 64th percentile of top reported officer pay among 3392 $1–10M 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 · 6 named individuals · Part VII

NameFY2025FY2024FY2022FY2021
Kelli Rhodes$150,001$128,708$131,042$104,986
Kerri Rhodes$128,051
Kim Vinton$115,770
Kerri Rhodes$109,915$111,990
Julia Moss$81,152
Chris Crane$78,923

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 & grants$8.9M · 92%
Program service revenue$694K · 7%
Investment income$49K · 1%
Contributions & grants92%$8.9M
Program service revenue7%$694K
Investment income1%$49K
Other revenue$47K
— government grantsLn 1e$6.6M
Total revenueLn 12$9.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.04 Fundraising $0.03
Program services93%$8.5M
Management & general4%$366K
Fundraising3%$274K
Total functional expensesLn 25$9.2M

Balance Sheet

Part X · end of year
CashLn 1$2.8M
Total assetsLn 16$5.8M
Total liabilitiesLn 26$1.9M
Total net assetsLn 32$3.9M
Months of cash on handcomputed3.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.8M · Operating expenses/yr $9.2M
3.7 months
Where the money goes
Program services
Program services $8.5M · Total expenses $9.2M
93%
Management & General
Management & general $366K · Total expenses $9.2M
4%
Fundraising
Fundraising $274K · Total expenses $9.2M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $208K · Solicited contributions (3-yr avg) $1.9M
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $8.9M · Total revenue $9.7M
92%
Government reliance
Government grants $6.6M · Total revenue $9.7M
68%
Earned-income share
Program service revenue $694K · Total revenue $9.7M
7%
Investment reliance
Investment income $49K · Total revenue $9.7M
+1%
Program self-sufficiency
Program service revenue $694K · Total expenses $9.2M
8%
Growth & trend
Revenue growth (YoY)
This year $9.7M · Prior year $6.3M
+55%
Revenue CAGR
FY2020 $3.0M · FY2024 $9.7M
+34%
Net-asset trend (YoY)
End of year $3.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $9.7M · Expenses $9.2M
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $5.8M
Net-asset ratio
Net assets $3.9M · Total assets $5.8M
68%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $16K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $5.8M
0%
People & payroll
Highest Reported Total Compensation
Individual Kelli Rhodes · Reported title President & CEO · Highest reported compensation $150K · Total expenses $9.2M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.1M · Total expenses $9.2M
33%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 4%
Fundraising cost ratio 3%
Revenue growth 55%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 13 grants · $5.2M · 2021–2024
Unitemized GrantFY2024$783,696
Unitemized GrantFY2024$91,508
Unitemized GrantFY2024$72,650
Unitemized GrantFY2023$752,538
Unitemized GrantFY2023$55,864
Unitemized GrantFY2023$52,034
Unitemized GrantFY2022$839,594
Unitemized GrantFY2022$601,693
Unitemized GrantFY2022$100,622
Unitemized GrantFY2021$1,328,352
Unitemized GrantFY2021$430,655
Unitemized GrantFY2021$102,776
Unitemized GrantFY2021$24,797

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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)$9.7M revenue · viewing · ⤓ 990 PDF
FY2024$6.3M revenue · ⤓ 990 PDF
FY2023not on file
FY2022$5.8M revenue · ⤓ 990 PDF
FY2021$5.9M revenue · ⤓ 990 PDF
FY2020$3.0M 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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