Valor Education Foundation FY2023 filing

Tax-deductible

Austin, TX501(c)(3)Since 2016EducationEIN 81-1122012

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Valor Education Foundation was established to provide financial support for the activities and mission of Valor Education.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
2 of 3
filings with a surplus
Average surplus $218K a year · 11% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $646K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$208K
68% of total assets
Worth a look: liabilities are 68% of assets; over 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
×870 vs prior year
Spent
$2.8M
To programs
98%
Net assets
$98K
By yearFY2021–FY2024
Revenue
$2.8M
FY2023▲ ×870
Revenue by fiscal year
FY2021$200K
FY2022$3K
FY2023$2.8M
FY2024$2.8M
FY2024$2.9M
Expenses
$2.8M
FY2023▲ ×467
Expenses by fiscal year
FY2021$6K
FY2022Not on file
FY2023$2.8M
FY2024$2.3M
FY2024$2.5M
Net assets
$98K
FY2023▼ -36%
Net assets by fiscal year
FY2021$194K
FY2022$153K
FY2023$98K
FY2024$614K
FY2024$1.1M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2016.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $2.8M Management & general 2% · $58K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary, COO
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Valor 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

Supports Valor Schools and the Valor Institute.

Provided by the organization

This section is blank until Valor Education Foundation claims this page.

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1 program service account for $2.8M of program spending, described in the organization's own filed words · FY2022.
01

Valor Education Foundation was established to provide financial support for the activities and mission of Valor Texas Education Foundation ("Valor"). The Foundation supports Valor by aiding and enhancing Valor's community relations, fundraising, and philanthropic endeavors as well as relieving and assisting Valor's leadership of these…

$2.8Mprogram 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
See all 11 funders →
Grants paid · 3 grants · $7.3M · 2022–2024
Valor Texas Education FoundationTX · FY2024$2,287,703
Valor Texas Education FoundationTX · FY2023$2,229,855
Valor Texas Education FoundationTX · FY2022$2,748,155

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Gifts and grantsLn 1h$2.8M
Fees for servicesLn 2g$5K
Money outPt IX
$2.8M
Ln 25
Programscol B$2.8M
Managementcol C$58K
Owns and owesPt X
$98K
net assets · Ln 32
Cash and savingsLn 1–2$306K
Total assetsLn 16$306K
LiabilitiesLn 26$208K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.8M
Fees for servicesLn 2g$5K
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$306K
Cash and savings togetherLn 1–2$306K
Total assetsLn 16$306K
LiabilitiesLn 26$208K
Net assetsLn 32$98K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$153K$306K
Total assetsLn 16$153K$306K
LiabilitiesLn 26$0$208K
Net assetsLn 32$153K$98K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.7M$2.7M
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$4K$140$3K
Advertising and promotionLn 12$10K$10K$210
Office expensesLn 13$43K$43K
Information technologyLn 14$2K$2K$42
TravelLn 17$23K$23K$473
Conferences, conventions and meetingsLn 19$2K$2K$43
Other expenses (24a–d)Ln 24$5K$4K$94
Total functional expensesLn 25$2.8M$2.8M$58K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.8M$2.3M$515K$614K 990 PDF
FY2023 Viewing $2.8M$2.8M−$55K$98K 990 PDF
FY2022 $3K$153K 990 PDF
FY2021 $200K$6K$194K$194K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $2,792,552 across 4 lines filed
VIII-1f All other contributions, gifts and grants$2,787,541
VIII-1h Total contributions, gifts and grants$2,787,541
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,011$5,011
VIII-12 Total revenueRelated to mission $5,011 · Unrelated business $0 · Excluded from tax $0$2,792,552
Part IX · Statement of functional expenses $2,847,850 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $2,748,155$2,748,155
IX-11b Legal feesManagement $8,700$8,700
IX-11c Accounting feesManagement $3,000$3,000
IX-11g Other fees for servicesPrograms $140 · Management $3,360$3,500
IX-12 Advertising and promotionPrograms $9,950 · Management $210$10,160
IX-13 Office expensesManagement $42,560$42,560
IX-14 Information technologyPrograms $2,017 · Management $42$2,059
IX-17 TravelPrograms $22,553 · Management $473$23,026
IX-19 Conferences, conventions and meetingsPrograms $2,071 · Management $43$2,114
IX-24 Other expenses (24a–d)Programs $4,482 · Management $94$4,576
IX-25 Total functional expensesPrograms $2,789,368 · Management $58,482 · Fundraising $0$2,847,850
Part X · Balance sheet $306,090 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $153,307$306,090
X-16 Total assetsStart of year $153,307$306,090
X-17 Accounts payable and accrued expensesStart of year $0$208,081
X-26 Total liabilitiesStart of year $0$208,081
X-27 Net assets without donor restrictionsStart of year $153,307$98,009
X-32 Total net assets or fund balancesStart of year $153,307$98,009
X-33 Total liabilities and net assetsStart of year $153,307$306,090
Part XI · Reconciliation of net assets $98,009 net assets at year end
XI-1 Total revenue$2,792,552
XI-2 Total expenses$2,847,850
XI-3 Revenue less expenses−$55,298
XI-4 Net assets at start of year$153,307
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$98,009

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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