Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2016.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
90 cents of each dollar spent went to programs.
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
17 people listed on the 990; $1.4M paid to officers and key staff.
David Williams’s $243K as President & CEO is at the 51st percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| David Williams | $242,994 | $241,442 | $206,500 | $179,833 | $175,833 | $116,333 |
| Jesse Bates | $162,419 | $147,375 | $148,145 | $125,958 | $109,358 | $96,197 |
| Ward Huseth | $160,638 | $127,121 | — | — | — | — |
| Stephen Gordon | $157,028 | $142,630 | $139,523 | $130,271 | $133,810 | $114,959 |
| Ramsey Margison | $146,274 | $140,288 | — | — | — | — |
| Joel Vanderworp | $127,428 | $123,572 | $121,750 | $113,500 | $105,422 | — |
| Erin Fonner | $121,446 | — | $100,938 | — | — | — |
| John Finley | — | — | $102,308 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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
Educates individuals in supportive communities for a meaningful life.
Questions for Valor Texas Education Foundation
Your first name shows with your question. Valor Texas Education Foundation answers here, for everyone.
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Valor operates five schools with four located in and near Austin, Texas and a fifth located in San Antonio, Texas and had approximately 4,000 students from kindergarten through 12th grade for the 2024-2025 school year.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $33.0M | $31.9M |
| Land, buildings, equipmentLn 10c | $123.3M | $145.9M |
| Total assetsLn 16 | $165.0M | $187.2M |
| LiabilitiesLn 26 | $145.4M | $163.6M |
| Net assetsLn 32 | $19.6M | $23.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $971K | $906K | $43K | $21K |
| Other salaries and wagesLn 7 | $20.6M | $19.2M | $916K | $453K |
| Pension plan contributionsLn 8 | $1.7M | $1.6M | $76K | $38K |
| Other employee benefitsLn 9 | $1.7M | $1.6M | $78K | $39K |
| Payroll taxesLn 10 | $351K | $328K | $16K | $8K |
| Legal feesLn 11b | $320K | $320K | ||
| Accounting feesLn 11c | $52K | $52K | ||
| Professional fundraising feesLn 11e | $250K | $250K | ||
| Other fees for servicesLn 11g | $2.0M | $783K | $1.1M | $31K |
| Office expensesLn 13 | $1.0M | $842K | $111K | $82K |
| Information technologyLn 14 | $435K | $347K | $88K | |
| OccupancyLn 16 | $2.0M | $1.9M | $72K | $5K |
| TravelLn 17 | $780K | $664K | $113K | $2K |
| InterestLn 20 | $6.3M | $6.1M | $251K | $19K |
| Depreciation, depletion and amortizationLn 22 | $3.9M | $3.7M | $151K | $11K |
| InsuranceLn 23 | $614K | $465K | $148K | $1K |
| Other expenses (24a–d)Ln 24 | $4.4M | $4.4M | ||
| All other expensesLn 24e | $115K | $80K | $34K | |
| Total functional expensesLn 25 | $47.5M | $42.9M | $3.6M | $961K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $51.4M | $47.5M | $3.9M | $23.5M | 990 PDF |
| FY2024 | $41.2M | $36.2M | $5.1M | $19.6M | 990 PDF |
| FY2023 | $26.5M | $25.5M | $987K | $14.5M | 990 PDF |
| FY2022 | $21.6M | $14.4M | $7.2M | $13.5M | 990 PDF |
| FY2021 | $11.6M | $9.8M | $1.7M | $6.3M | 990 PDF |
| FY2020 | $8.0M | $5.1M | $2.9M | $4.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $51,394,502 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, no flags
Part VIII · Statement of revenue $51,394,502 across 7 lines filed
Part IX · Statement of functional expenses $47,467,918 across 18 lines filed
Part X · Balance sheet $187,152,260 assets, 17 lines filed
Part XI · Reconciliation of net assets $23,524,887 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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