Today Foundation EIN 75-1864736 Form 990 (PDF) Claim this org

Today Foundation

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Improves education, creates youth opportunities, preserves history, and enhances quality of life. For fiscal year 2024 it reported $164K in revenue, $1.8M in expenses, and $1.6M in net assets.Pt I

Founded
1983
Type
Public charity (501(c)(3)) · Nonprofit
Location
Dallas, TX
Website
www.todayfoundation.org
Filings
5 on file (2020–2024)
Revenue
$164KFY2024
Expenses
$1.8M
Net assets
$1.6M
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  75-1864736 Public charity (501(c)(3)) Dallas, TX Founded 1983
Form 990 (PDF)
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Figures match the IRS filing checked 8/24/26 · see original: IRS
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Size
$100K–1M
What they do
Improves education, creates youth opportunities, preserves history, and enhances quality of life.
Leadership
Calvert Collins-Bratton · VP Sec Treas
Money in and out
$164K revenue, $1.8M expenses
Bottom line
91% program efficiency
Where the money goes · FY2024
Total revenue
$164K
Pt VIII · Ln 12
Total expenses
$1.8M
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.6M
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09 Fundraising $0.01
Program efficiency
91%
of spending reaches programs▼ -7% vs prior filing year
Operating runway
7.2mo
months of highly liquid reserves at operating expense rate▼ -13% vs prior filing year
Surplus margin
-994%
revenue over expenses, this year▼ -2268% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$164K
FY2024▼ -97%
Expenses
$1.8M
FY2024▼ -32%
Total assets
$4.7M
FY2024▼ -25%
Total liabilities
$3.1M
FY2024▲ +2%
Total revenue
$164K
Pt VIII · Ln 12
Total expenses
$1.8M
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1.6M
Total assetsPt X · Ln 16$4.7M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CToday Foundation
EINHdr · item D75-1864736
Principal addressHdr · item CDallas, TX
WebsiteHdr · item Jwww.todayfoundation.org
Year of formationHdr · item L1983
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 1983

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
$0Pt VII · Sec A
Chairman Pres
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $1.6M of program spending, described in the organization's own filed words · FY2024.
01

Education

Continued projects in support of expanding US History and Texas History resources and programs to schools and students; an educational facility The Collins Academy located in Jefferson Texas reaches kids through environmental science archeology and educational programs annually; promoting after-school programs in literacy English and…

$1.1Mprogram expense
02

Research

Continued research at newly established research center for African-American heritage at a historic missionary church in Jefferson Texas; research relating to the historical assets at Caddo Lake Natural Heritage area and Port Jefferson Texas history and nature center as part of the Collins Academy Program; and research relating to…

$475Kprogram expense
03

Communications and Leadership Development

Partnering with Hall-of-Famer Charles Haley and Bob Bowie in the Tackle Tomorrow Program to tell the story of how important education is in the lives of children; promoting Character Counts!

$23Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$81K · 49%
Investment income$66K · 40%
Other revenue$17K · 10%
Contributions & grants49%$81K
Investment income40%$66K
Other revenue10%$17K
Total revenueLn 12$164K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09 Fundraising $0.01
Program services91%$1.6M
Management & general9%$154K
Fundraising1%$10K
Total functional expensesLn 25$1.8M

Balance Sheet

Part X · end of year
CashLn 1$35K
Total assetsLn 16$4.7M
Total liabilitiesLn 26$3.1M
Total net assetsLn 32$1.6M
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $1.8M
7.2 months
Where the money goes
Program services
Program services $1.6M · Total expenses $1.8M
91%
Management & General
Management & general $154K · Total expenses $1.8M
9%
Fundraising
Fundraising $10K · Total expenses $1.8M
0.6%
Cost to raise $1
Fundraising expense (3-yr avg) $43K · Solicited contributions (3-yr avg) $182K
$0.24 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $81K · Total revenue $164K
49%
Government reliance
Government grants $0 · Total revenue $164K
0%
Earned-income share
Program service revenue $0 · Total revenue $164K
0%
Investment reliance
Investment income $66K · Total revenue $164K
+40%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.8M
0%
Growth & trend
Revenue growth (YoY)
This year $164K · Prior year $4.9M
-97%
Revenue CAGR
FY2019 $1.4M · FY2024 $164K
-35%
Net-asset trend (YoY)
End of year $1.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $164K · Expenses $1.8M
-994%
Liabilities-to-Assets
Total liabilities — · Total assets $4.7M
Net-asset ratio
Net assets $1.6M · Total assets $4.7M
34%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.0M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $4.7M
22%
People & payroll
Highest Reported Total Compensation
Individual Calvert Collins-Bratton · Reported title VP SEC TREAS · Highest reported compensation $0 · Total expenses $1.8M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $140K · Total expenses $1.8M
8%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 9%
Fundraising cost ratio 13%
Revenue growth -97%

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 · FY2020
Total grants receivedfrom 1 funder$10K

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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
FY2024$4.9M revenue · ⤓ 990 PDF
FY2023$391K revenue · ⤓ 990 PDF
FY2022$551K revenue · ⤓ 990 PDF
FY2021$644K revenue · ⤓ 990 PDF
FY2020$1.4M 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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