Texas Engineering Foundation EIN 74-6105653

Texas Engineering Foundation FY2024 filing

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Improves engineering practices through education and resources. For fiscal year 2024 it reported $307K in revenue, $325K in expenses, and $760K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Austin, TX
Website
www.tspe.org
Filings
5 on file (2021–2024)
Revenue
$307KFY2024
Expenses
$325K
Net assets
$760K
People
22
Filings
5
Updates
0
More identity details & actions ⌄
EIN  74-6105653 Public charity (501(c)(3)) Austin, TX
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Improves engineering practices through education and resources.
Leadership
Money in and out
$307K revenue, $325K expenses
Bottom line
75% program efficiency
Where the money goes · FY2024
Total revenue
$307K
Pt VIII · Ln 12
Total expenses
$325K
Pt IX · Ln 25
Net assets
$760K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$18K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.25
Program efficiency
75%
of spending reaches programs
Operating runway
36.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$307K
FY2024▲ +2%
Expenses
$325K
FY2024▲ +2%
Total assets
$1.2M
FY2024▲ +6%
Total liabilities
$490K
FY2024▲ +10%
Total revenue
$307K
Pt VIII · Ln 12
Total expenses
$325K
Pt IX · Ln 25
Net assets
$760K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$18K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 322
Independent voting membersPt I · Ln 422
Mission & Programs · Part III

Where the work happens

3 program services account for $244K of program spending, described in the organization's own filed words · FY2023.
01

Operation of MATHCOUNTS competition designed to improve the math skills of middle school students. 185 Texas schools registered involving 1,648 students. In addition, 63 competitors participated whose schools did not sponsor them. Other services include workshops and newsletters.

$236Kprogram expense
02

Professional development in the promotion of engineering skills to all students among those in the engineering and educational fields.

$7Kprogram expense
03

Order of the engineer.

$162program expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTexas Engineering Foundation
EINHdr · item D74-6105653
Principal addressHdr · item CAustin, TX
WebsiteHdr · item Jwww.tspe.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B25I)
Ruling yearIRS BMFJul 1968

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a22
Independent voting membersPt VI · Ln 1b22
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Tspe President-Elect
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$272K · 89%
Investment income$37K · 12%
Program service revenue$9K · 3%
Contributions & grants89%$272K
Investment income12%$37K
Program service revenue3%$9K
— government grantsLn 1e$206K
Total revenueLn 12$307K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.25
Program services75%$244K
Management & general25%$81K
Total functional expensesLn 25$325K

Balance Sheet

Part X · end of year
CashLn 1$26K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$490K
Total net assetsLn 32$760K
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $979K · Operating expenses/yr $325K
36.2 months
Where the money goes
Program services
Program services $244K · Total expenses $325K
75%
Management & General
Management & general $81K · Total expenses $325K
25%
Fundraising
Fundraising $0 · Total expenses $325K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $69K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $272K · Total revenue $307K
89%
Government reliance
Government grants $206K · Total revenue $307K
67%
Earned-income share
Program service revenue $9K · Total revenue $307K
3%
Investment reliance
Investment income $37K · Total revenue $307K
+12%
Program self-sufficiency
Program service revenue $9K · Total expenses $325K
3%
Growth & trend
Revenue growth (YoY)
This year $307K · Prior year $302K
+2%
Net-asset trend (YoY)
End of year $760K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $307K · Expenses $325K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $760K · Total assets $1.2M
61%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $953K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
76%
People & payroll
Highest Reported Total Compensation
Individual Nancy C Blackwell Pe Fnspe · Reported title Chair · Highest reported compensation $0 · Total expenses $325K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $134K · Total expenses $325K
41%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 25%
Fundraising cost ratio 0%
Revenue growth 2%
Investment management fee ratio 0.7%
Accounting fee ratio 2%

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 · FY2024
Total grants receivedfrom 3 funders$25K
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)$312K revenue · ⤓ 990 PDF
FY2024$307K revenue · viewing · ⤓ 990 PDF
FY2023$302K revenue · ⤓ 990 PDF
FY2022$302K revenue · ⤓ 990 PDF
FY2021$219K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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