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Lake Travis Education Foundation

Tax-deductible

Austin, TX501(c)(3) EIN 74-2406134Revenue $506K in FY2025

On file with the IRSlteducationfoundation.orgPo Box 340759, 78734-0013 · Austin, TXTax-exempt since Feb 1987Publicly supported charity — 170(b)(1)(A)(vi)

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Support Teachers and Students with Grants and Scholarships

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 30 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $89K a year · 13% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Plus $1.2M in investments, Pt X · Ln 11–13
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$529K
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$506K
-41% vs prior year
Spent
$553K
To programs
80%
Net assets
$1.2M
By yearFY2021–FY2025
Revenue
$506K
FY2025▼ -41%
Tap a bar for its year
Revenue by fiscal year
FY2021$560K
FY2022$745K
FY2023$782K
FY2024$862K
FY2025$506K
Expenses
$553K
FY2025▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2021$430K
FY2022$690K
FY2023$669K
FY2024$664K
FY2025$553K
Net assets
$1.2M
FY2025▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2021$873K
FY2022$928K
FY2023$1.0M
FY2024$1.2M
FY2025$1.2M

From the FY2025 Form 990 (year ending May 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1987.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $441K Management & general 20% · $112K

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

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Kyle Morgan
President
$0Pt VII · Sec A
Gary Wolff
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Kris Devlin
President Elect
$0Pt VII · Sec A
Tonya Boggan
Past President
$0Pt VII · Sec A
Erin Brown
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lake Travis Education Foundation executive salaries →

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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 15aNo

Programs and updates

Provides grants and scholarships to support teachers and students.

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Provided by the organization

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3 programs · $441K · in their own filed words · FY2024
01

To award grants to benefit the students of Lake Travis ISD for items that are needed to improve the classrooms and are not provided through regular school funding.

$269Kprogram expense
02

To promote scholarship in the Lake Travis Independent School District by providing financial support and guidance

$108Kprogram expense
03

Leadership skills and training

$64Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
American Constructors FoundationFY2025$18K
Total grants receivedfrom 1 funder$18K
Grants paid · 10 grants · $2.2M · 2020–2024
Lake Travis IsdFY2024$269,187
Unitemized GrantFY2024$108,000
Lake Travis IsdFY2023$450,000
Unitemized GrantFY2023$48,500
Lake Travis IsdFY2022$464,249
Unitemized GrantFY2022$53,500
Lake Travis IsdFY2021$451,000
Unitemized GrantFY2021$66,500
Lake Travis IsdFY2020$276,000
Unitemized GrantFY2020$41,500

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$506K
Ln 12
Other incomeLn 4–11$211K
Gifts and grantsLn 1h$206K
Investment incomeLn 3$88K
Money outPt IX
$553K
Ln 25
Programscol B$441K
Managementcol C$112K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$438K
Total assetsLn 16$1.7M
LiabilitiesLn 26$529K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$206K
Investment incomeLn 3$88K
Other incomeLn 4–11$211K
Total revenueLn 12$506K
Assets in detailPt X, end of year
CashLn 1$438K
Cash and savings togetherLn 1–2$438K
InvestmentsLn 11–13$1.2M
Total assetsLn 16$1.7M
LiabilitiesLn 26$529K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$684K$438K
InvestmentsLn 11–13$1.0M$1.2M
Total assetsLn 16$1.7M$1.7M
LiabilitiesLn 26$450K$529K
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$269K$269K
Grants to domestic individualsLn 2$108K$108K
Advertising and promotionLn 12$64K$64K$0$0
Other expenses (24a–d)Ln 24$112K$0$112K$0
Total functional expensesLn 25$553K$441K$112K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $506K$553K−$48K$1.2M 990 PDF
FY2024 $862K$664K$198K$1.2M 990 PDF
FY2023 $782K$669K$113K$1.0M 990 PDF
FY2022 $745K$690K$54K$928K 990 PDF
FY2021 $560K$430K$130K$873K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $505,558 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $427,717$205,987
I-9 Program service revenue$0
I-10 Investment incomePrior year $133,333$88,436
I-11 Other revenuePrior year $301,403$211,135
I-12 Total revenuePrior year $862,453$505,558
I-13 Grants and similar amounts paidPrior year $498,500$377,187
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $165,863$176,300
I-18 Total expensesPrior year $664,363$553,487
I-19 Revenue less expensesPrior year $198,090−$47,929
Part VI · Governance 19 of 19 board members independent, 2 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $505,558 across 6 lines filed
VIII-1f All other contributions, gifts and grants$205,987
VIII-1h Total contributions, gifts and grants$205,987
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $88,436$88,436
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $211,135$211,135
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $299,571$505,558
Part IX · Statement of functional expenses $553,487 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $269,187$269,187
IX-2 Grants to domestic individualsPrograms $108,000$108,000
IX-12 Advertising and promotionPrograms $64,113 · Management $0 · Fundraising $0$64,113
IX-24 Other expenses (24a–d)Programs $0 · Management $112,187 · Fundraising $0$112,187
IX-25 Total functional expensesPrograms $441,300 · Management $112,187 · Fundraising $0$553,487
Part X · Balance sheet $1,719,311 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $683,570$437,740
X-4 Accounts receivable$82,569
X-12 Other securitiesStart of year $1,004,908$1,199,002
X-16 Total assetsStart of year $1,688,478$1,719,311
X-17 Accounts payable and accrued expensesStart of year $450,000$528,762
X-26 Total liabilitiesStart of year $450,000$528,762
X-27 Net assets without donor restrictionsStart of year $1,114,188$1,190,549
X-32 Total net assets or fund balancesStart of year $1,238,478$1,190,549
X-33 Total liabilities and net assetsStart of year $1,688,478$1,719,311
Part XI · Reconciliation of net assets $1,190,549 net assets at year end
XI-1 Total revenue$505,558
XI-2 Total expenses$553,487
XI-3 Revenue less expenses−$47,929
XI-4 Net assets at start of year$1,238,478
XI-10 Net assets at end of year$1,190,549

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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