Out for Education EIN 76-0596873 Form 990 (PDF) Claim this org

Out for Education

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Offers scholarships to college-bound LGBTQI students. For fiscal year 2025 it reported $165K in revenue, $204K in expenses, and $739K in net assets.Pt I

Founded
1999
Type
Public charity (501(c)(3)) · Education
Location
Houston, TX
Website
outforeducation.org
Filings
6 on file (2020–2025)
Revenue
$165KFY2025
Expenses
$204K
Net assets
$739K
People
16
Filings
6
Updates
0
More identity details & actions ⌄
EIN  76-0596873 Public charity (501(c)(3)) Houston, TX Founded 1999
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers scholarships to college-bound LGBTQI students.
Leadership
Bobby Koshy · Treasurer
Money in and out
$165K revenue, $204K expenses
Bottom line
6% program efficiency
Where the money goes · FY2025
Total revenue
$165K
Pt VIII · Ln 12
Total expenses
$204K
Pt IX · Ln 25
Net assets
$739K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$39K
Where spending went · Part IX cols B–D
Program services $0.06 Management & general $0.12 Fundraising $0.82
Program efficiency
6%
of spending reaches programs▼ -94% vs prior filing year
Operating runway
47.5mo
months of highly liquid reserves at operating expense rate▼ -4% vs prior filing year
Surplus margin
-24%
revenue over expenses, this year▼ -1252% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$165K
FY2025▼ -14%
Expenses
$204K
FY2025▲ +8%
Total assets
$808K
FY2025▲ +4%
Total liabilities
$69K
FY2025
Total revenue
$165K
Pt VIII · Ln 12
Total expenses
$204K
Pt IX · Ln 25
Net assets
$739K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$39K
Total assetsPt X · Ln 16$808K
Program-expense ratioPt IX · col B6%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $12K of program spending, described in the organization's own filed words · FY2025.
01

We do not offer any type of programming. Our goal is to provide scholorships to LGBTQ students only. The OFE board is made up of all professional LGBTQ volunteers.

$12Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COut for Education
EINHdr · item D76-0596873
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Joutforeducation.org
Year of formationHdr · item L1999
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFAug 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Out for Education executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$129K · 78%
Investment income$36K · 22%
Contributions & grants78%$129K
Investment income22%$36K
Total revenueLn 12$165K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.06 Management & general $0.12 Fundraising $0.82
Program services6%$12K
Management & general12%$25K
Fundraising82%$167K
Total functional expensesLn 25$204K

Balance Sheet

Part X · end of year
CashLn 1$808K
Total assetsLn 16$808K
Total liabilitiesLn 26$69K
Total net assetsLn 32$739K
Months of cash on handcomputed47.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $808K · Operating expenses/yr $204K
47.5 months
Where the money goes
Program services
Program services $12K · Total expenses $204K
6%
Management & General
Management & general $25K · Total expenses $204K
12%
Fundraising
Fundraising $167K · Total expenses $204K
82%
Cost to raise $1
Fundraising expense (3-yr avg) $56K · Solicited contributions (3-yr avg) $137K
$0.41 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $129K · Total revenue $165K
78%
Government reliance
Government grants — · Total revenue $165K
Earned-income share
Program service revenue $0 · Total revenue $165K
0%
Investment reliance
Investment income $36K · Total revenue $165K
+22%
Program self-sufficiency
Program service revenue $0 · Total expenses $204K
0%
Growth & trend
Revenue growth (YoY)
This year $165K · Prior year $192K
-14%
Revenue CAGR
FY2020 $114K · FY2025 $165K
+8%
Net-asset trend (YoY)
End of year $739K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $165K · Expenses $204K
-24%
Liabilities-to-Assets
Total liabilities — · Total assets $808K
Net-asset ratio
Net assets $739K · Total assets $808K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $808K
0%
People & payroll
Highest Reported Total Compensation
Individual Bobby Koshy · Reported title Treasurer · Highest reported compensation $0 · Total expenses $204K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $204K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 6%
Overhead ratio 12%
Fundraising cost ratio 129%
Revenue growth -14%

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$39K
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)$165K revenue · viewing · ⤓ 990 PDF
FY2024$192K revenue · ⤓ 990 PDF
FY2023$149K revenue · ⤓ 990 PDF
FY2022$160K revenue · ⤓ 990 PDF
FY2021$116K revenue · ⤓ 990 PDF
FY2020$114K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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