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Texas Impact Education Fund

Tax-deductible

Austin, TX501(c)(3)ReligionEIN 74-2989021

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The purpose of the Corporation is to perform charitable activities within the meaning of internal revenue code section 501(c)3 and Texas Tax Code Section 11.18(c). Specifically, the Corporation generated and disseminated information relating to poverty, peace, and justice in the State of Texas.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $9K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $895K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$940K
115% of total assets
Concern: liabilities are 115% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+101% vs prior year
Spent
$1.1M
To programs
92%
Net assets
−$125K
By yearFY2019–FY2024
Revenue
$1.2M
FY2024▲ +101%
Revenue by fiscal year
FY2019$424K
FY2020$351K
FY2021$275K
FY2022$858K
FY2023$603K
FY2024$1.2M
Expenses
$1.1M
FY2024▲ +60%
Expenses by fiscal year
FY2019$571K
FY2020$323K
FY2021$398K
FY2022$656K
FY2023$702K
FY2024$1.1M
Net assets
−$125K
FY2024▼ -2%
Net assets by fiscal year
FY2019−$211K
FY2020−$183K
FY2021−$306K
FY2022−$104K
FY2023−$123K
FY2024−$125K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2001.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $1.0M Management & general 8% · $87K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Beaman Floyd
President
$0Pt VII · Sec A
Dan Brinks
Director
$0Pt VII · Sec A
John Pitts
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Bee Moorhead
Executive Director
$0Pt VII · Sec A
See Texas Impact Education Fund 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 15aYes

Programs and updates

Provides information on poverty, peace, and justice in Texas.

Provided by the organization

This section is blank until Texas Impact Education Fund claims this page.

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1 program service account for $1.0M of program spending, described in the organization's own filed words · FY2024.
01

The purpose of the corporation is to perform charitable activities within the meaning of internal revenue code section 501(c)3 and texas tax code section 11.18(c). Specifically, the corporation generated and disseminated information relating to poverty, peace, and justice in the state of texas.

$1.0Mprogram expense

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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 · FY2024
Houston Endowment INCFY2024$725K
Ddm FoundationFY2024$100K
Jacob and Terese Hershey FoundationFY2024$60K
Environmental Defense Fund IncorporatedFY2024$10K
Total grants receivedfrom 4 funders$895K
See all 4 funders →
Grants paid · 2 grants · $450K · 2019–2020
Texas ImpactFY2020$114,173
Texas ImpactFY2019$336,257

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.1M
Other incomeLn 4–11$60K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.0M
Managementcol C$87K
Owns and owesPt X
−$125K
net assets · Ln 32
Cash and savingsLn 1–2$140K
Total assetsLn 16$814K
LiabilitiesLn 26$940K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Other incomeLn 4–11$60K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$140K
Cash and savings togetherLn 1–2$140K
Land, buildings, equipmentLn 10c$629K
Other assetsLn 15$9K
Total assetsLn 16$814K
LiabilitiesLn 26$940K
Net assetsLn 32−$125K
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$101K$140K
Land, buildings, equipmentLn 10c$628K$629K
Total assetsLn 16$836K$814K
LiabilitiesLn 26$959K$940K
Net assetsLn 32−$123K−$125K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$398K$398K
Other fees for servicesLn 11g$24K$24K
Office expensesLn 13$22K$22K
OccupancyLn 16$18K$18K
TravelLn 17$41K$41K
InterestLn 20$46K$46K
Depreciation, depletion and amortizationLn 22$23K$23K
Other expenses (24a–d)Ln 24$554K$554K
All other expensesLn 24e$530$530
Total functional expensesLn 25$1.1M$1.0M$87K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.2M$1.1M$84K−$125K 990 PDF
FY2023 $603K$702K−$99K−$123K 990 PDF
FY2022 $858K$656K$202K−$104K 990 PDF
FY2021 $275K$398K−$123K−$306K 990 PDF
FY2020 $351K$323K$28K−$183K 990 PDF
FY2019 $424K$571K−$148K−$211K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,209,943 across 4 lines filed
VIII-1f All other contributions, gifts and grants$1,149,822
VIII-1h Total contributions, gifts and grants$1,149,822
VIII-6 Net rental income or lossExcluded from tax $60,121$60,121
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $60,121$1,209,943
Part IX · Statement of functional expenses $1,125,446 across 9 lines filed
IX-7 Other salaries and wagesPrograms $397,563$397,563
IX-11g Other fees for servicesPrograms $23,780$23,780
IX-13 Office expensesPrograms $21,720$21,720
IX-16 OccupancyManagement $17,665$17,665
IX-17 TravelPrograms $40,750$40,750
IX-20 InterestManagement $46,473$46,473
IX-22 Depreciation, depletion and amortizationManagement $23,058$23,058
IX-24 Other expenses (24a–d)Programs $553,907$553,907
IX-24e All other expensesPrograms $530$530
IX-25 Total functional expensesPrograms $1,038,250 · Management $87,196 · Fundraising $0$1,125,446
Part X · Balance sheet $814,320 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $100,851$140,259
X-4 Accounts receivable$25,000
X-9 Prepaid expenses and deferred charges$10,417
X-10c Land, buildings and equipment, netStart of year $627,981$629,470
X-15 Other assetsStart of year $107,098$9,174
X-16 Total assetsStart of year $835,930$814,320
X-26 Total liabilitiesStart of year $959,394$939,735
X-27 Net assets without donor restrictionsStart of year −$123,464−$125,415
X-32 Total net assets or fund balancesStart of year −$123,464−$125,415
X-33 Total liabilities and net assetsStart of year $835,930$814,320
Part XI · Reconciliation of net assets −$125,415 net assets at year end
XI-1 Total revenue$1,209,943
XI-2 Total expenses$1,125,446
XI-3 Revenue less expenses$84,497
XI-4 Net assets at start of year−$123,464
XI-9 Other changes in net assets−$86,448
XI-10 Net assets at end of year−$125,415

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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