Texas Educational Foundation INC

San Antonio, TXUnknown exempt organizationEIN 74-1501565Revenue $387K in FY2021

On file with the IRStefinc.com14080 Nacogdoches Rd No 322 · San Antonio, TX

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Formerly, the operation of Job Corps Center providing educational training programs serving one center in Texas with an average of approximately 960 Job Corps trainees, under contract with the U.S. Department of Labor.

100¢ of each $1 spent went to programs.
$136K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $4.0M a year · 1010% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$136K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$387K
-4% vs prior year
Spent
$8.1M
To programs
100%
Net assets
$1.1M
By yearFY2020–FY2021
Revenue
$387K
FY2021▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$402K
FY2021$387K
Expenses
$8.1M
FY2021▲ ×13
Tap a bar for its year
Expenses by fiscal year
FY2020$620K
FY2021$8.1M
Net assets
$1.1M
FY2021▼ -87%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.9M
FY2021$1.1M

From the FY2021 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $8.1M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $136K paid to officers and key staff.

Part VII, Section A · reportable compensation
$136,384Pt VII · Sec A
Chair - Trustee
$0Pt VII · Sec A
Secy-Trustee
$0Pt VII · Sec A
V. Chair-Trustee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2021FY2020
Stephen E Davis$136,384$167,538
E W Anderson—$2,000
Jerome Weynand—$1,000
Roy Barrera SR—$1,000

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides educational training programs for Job Corps trainees under contract with the U.S. Department of Labor.

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Provided by the organization

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1 program · $8.1M · in their own filed words · FY2021
01

Operation of Job Corps Center contracts previously lost under contract with the U.S. Department of Labor, including contract termination, reporting and analysis, and winding down of operations actively seeking subcontracting roles with current Job Corps contractors.

$8.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $7.7M · 2021–2021
El Paso Community FoundationTX · FY2021$2,500,000
San Antonio Area FoundationTX · FY2021$2,500,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$387K
Ln 12
Investment incomeLn 3$387K
Money outPt IX
$8.1M
Ln 25
Programscol B$8.1M
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$387K
Total revenueLn 12$387K
Assets in detailPt X, end of year
CashLn 1$361K
SavingsLn 2$768K
Cash and savings togetherLn 1–2$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$8.9M$1.1M
Total assetsLn 16$8.9M$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$8.9M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7.7M$7.7M
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$136K$136K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$121K$121K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$40K$40K
Management feesLn 11a$11K$11K
Legal feesLn 11b$0
Accounting feesLn 11c$28K$28K
Lobbying feesLn 11d$0
Investment management feesLn 11f$15K$15K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$58K$58K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$8K$8K
TravelLn 17$126$126
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$10K$10K
All other expensesLn 24e$0
Total functional expensesLn 25$8.1M$8.1M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $387K$8.1M−$7.8M$1.1M 990 PDF
FY2020 $402K$620K−$217K$8.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $386,993 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $402,058$386,993
I-11 Other revenue$0
I-12 Total revenuePrior year $402,058$386,993
I-13 Grants and similar amounts paidPrior year $1,600$7,705,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $454,496$297,515
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $163,428$139,014
I-18 Total expensesPrior year $619,524$8,141,529
I-19 Revenue less expensesPrior year −$217,466−$7,754,536
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $386,993 across 2 lines filed
VIII-3 Investment incomeRelated to mission $386,993$386,993
VIII-12 Total revenueRelated to mission $386,993$386,993
Part IX · Statement of functional expenses $8,141,529 across 29 lines filed
IX-1 Grants to domestic organizationsPrograms $7,705,000$7,705,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $136,384$136,384
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $121,418$121,418
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $39,713$39,713
IX-11a Management feesPrograms $11,169$11,169
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $27,500$27,500
IX-11d Lobbying fees$0
IX-11f Investment management feesPrograms $15,237$15,237
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $57,578$57,578
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $8,477$8,477
IX-17 TravelPrograms $126$126
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $8,500$8,500
IX-23 InsurancePrograms $10,427$10,427
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $8,141,529 · Management $0 · Fundraising $0$8,141,529
Part X · Balance sheet $1,129,254 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $1,756,377$361,462
X-2 Savings and temporary cash investmentsStart of year $7,100,158$767,792
X-16 Total assetsStart of year $8,865,035$1,129,254
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $8,865,035$1,129,254
X-33 Total liabilities and net assetsStart of year $8,865,035$1,129,254
Part XI · Reconciliation of net assets $1,129,254 net assets at year end
XI-1 Total revenue$386,993
XI-2 Total expenses$8,141,529
XI-3 Revenue less expenses−$7,754,536
XI-4 Net assets at start of year$8,865,035
XI-5 Net unrealized gains (losses) on investments$18,755
XI-10 Net assets at end of year$1,129,254

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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