Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2016.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
92 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
14 people listed on the 990; $1.5M paid to officers and key staff.
Zach Craddock’s $254K as Superintendent is at the 54th 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 |
|---|---|---|---|---|---|---|
| F Mike Miles | — | — | — | $260,000 | $231,967 | $230,030 |
| Zach Craddock | $253,757 | — | — | $195,000 | $147,500 | $100,937 |
| Floyd Mike Miles | — | — | $242,572 | — | — | — |
| Zack Craddock | — | $215,000 | $194,187 | — | — | — |
| Jessica Lopez | $214,400 | $195,000 | $153,244 | — | — | $107,000 |
| Shirley Miles | $204,400 | $185,000 | — | — | — | — |
| Michele Moore | $97,136 | $190,000 | $150,544 | $160,000 | $100,251 | — |
| Tara Berry | — | — | — | $161,339 | — | — |
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 15aNo
Programs and updates
Prepares students, especially poor and minority youth, for college and careers.
Questions for Third Future Schools
Your first name shows with your question. Third Future Schools answers here, for everyone.
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A team of dedicated teachers and leaders, working in a high performance and caring culture, maintain an intense focus on academic achievement and performance outcomes. Students find success and are engaged through personal learning, which allows students to work at their own pace and learn in a way more suited to their strengths.
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 | $84K | $327K |
| Land, buildings, equipmentLn 10c | $15.4M | $4.0M |
| Total assetsLn 16 | $67.2M | $21.3M |
| LiabilitiesLn 26 | $87.5M | $41.0M |
| Net assetsLn 32 | −$20.3M | −$19.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $603K | $603K | ||
| Pay of current officers, directors and key staffLn 5 | $1.0M | $1.0M | ||
| Other salaries and wagesLn 7 | $9.4M | $8.8M | $512K | |
| Pension plan contributionsLn 8 | $39K | $15K | $23K | |
| Other employee benefitsLn 9 | $2.6M | $2.5M | $120K | |
| Legal feesLn 11b | $6K | $6K | ||
| Accounting feesLn 11c | $27K | $27K | ||
| Other fees for servicesLn 11g | $2.9M | $2.6M | $372K | |
| Advertising and promotionLn 12 | $82K | $82K | ||
| Information technologyLn 14 | $343K | $283K | $60K | |
| OccupancyLn 16 | $1.8M | $1.8M | ||
| TravelLn 17 | $158K | $158K | ||
| InterestLn 20 | $581K | $581K | ||
| Depreciation, depletion and amortizationLn 22 | $2.4M | $2.4M | ||
| InsuranceLn 23 | $10K | $10K | ||
| Other expenses (24a–d)Ln 24 | $408K | $309K | $99K | |
| Total functional expensesLn 25 | $22.3M | $20.4M | $1.9M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $25.1M | $22.3M | $2.7M | −$19.7M | 990 PDF |
| FY2024 | $28.6M | $32.9M | −$4.4M | −$20.3M | 990 PDF |
| FY2023 | $27.4M | $32.8M | −$5.3M | −$15.9M | 990 PDF |
| FY2022 | $23.3M | $22.8M | $457K | −$9.0M | 990 PDF |
| FY2021 | $21.3M | $20.1M | $1.1M | −$9.4M | 990 PDF |
| FY2020 | $15.1M | $20.6M | −$5.5M | −$10.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $25,076,224 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 1 to look at
Part VIII · Statement of revenue $25,076,224 across 7 lines filed
Part IX · Statement of functional expenses $22,329,301 across 16 lines filed
Part X · Balance sheet $21,288,871 assets, 12 lines filed
Part XI · Reconciliation of net assets −$19,678,276 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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