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Texas School Venture Fund

Tax-deductible

Houston, TX501(c)(3)Since 2018EducationEIN 81-3674046Revenue $685K in FY2025

On file with the IRStxsvf.org3900 Essex Ln Ste 1200, 77027-5486 · Houston, TXTax-exempt since Apr 2017Publicly supported charity — 170(b)(1)(A)(vi)

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Help start new schools and help grow great school options in the community.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $71K a year · 18% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 18.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $225K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$45K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$685K
+222% vs prior year
Spent
$312K
To programs
97%
Net assets
$674K
By yearFY2020–FY2025
Revenue
$685K
FY2025▲ +222%
Tap a bar for its year
Revenue by fiscal year
FY2020$297K
FY2021$494K
FY2022$452K
FY2023$269K
FY2024$213K
FY2025$685K
Expenses
$312K
FY2025▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$285K
FY2021$310K
FY2022$462K
FY2023$256K
FY2024$360K
FY2025$312K
Net assets
$674K
FY2025▲ +124%
Tap a bar for its year
Net assets by fiscal year
FY2020$298K
FY2021$482K
FY2022$472K
FY2023$484K
FY2024$300K
FY2025$674K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2017.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $303K Management & general 3% · $9K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Mike Feinberg
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Karol Musher
Director
$0Pt VII · Sec A
See Texas School Venture Fund 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Starts and grows great school options in communities.

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Provided by the organization

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1 program · $303K · in their own filed words · FY2025
01

Neighborhood Schools

Provide start up support for new community-based charter schools in the process of growing to full size over the first 6 years, including a new high school and adult education training school.

$303Kprogram expense

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
Fidelity Investments Charitable Gift FundFY2024$125K
Ting Tsung and Wei Fong Chao FoundationFY2024$100K
Total grants receivedfrom 2 funders$225K
Grants paid · 5 grants · $355K · 2020–2022
Neighborhood Schools INCTX · FY2022$155,000
Work Texas Training CenterTX · FY2022$75,000
Work Texas Training CenterTX · FY2021$50,000
Neighborhood Schools INCTX · FY2021$25,000
Neighborhood Schools INCTX · FY2020$50,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$685K
Ln 12
Gifts and grantsLn 1h$655K
Fees for servicesLn 2g$30K
Investment incomeLn 3$44
Money outPt IX
$312K
Ln 25
Programscol B$303K
Managementcol C$9K
Owns and owesPt X
$674K
net assets · Ln 32
Cash and savingsLn 1–2$484K
Total assetsLn 16$719K
LiabilitiesLn 26$45K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$655K
Fees for servicesLn 2g$30K
Investment incomeLn 3$44
Total revenueLn 12$685K
Assets in detailPt X, end of year
CashLn 1$484K
Cash and savings togetherLn 1–2$484K
Total assetsLn 16$719K
LiabilitiesLn 26$45K
Net assetsLn 32$674K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$359K$484K
Total assetsLn 16$394K$719K
LiabilitiesLn 26$93K$45K
Net assetsLn 32$300K$674K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$232K$232K$0$0
Accounting feesLn 11c$850$0$850$0
Advertising and promotionLn 12$63K$63K$0$0
Office expensesLn 13$1K$0$1K$0
Information technologyLn 14$2K$2K$0$0
TravelLn 17$5K$5K$0$0
Other expenses (24a–d)Ln 24$7K$691$7K$0
Total functional expensesLn 25$312K$303K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $685K$312K$374K$674K 990 PDF
FY2024 $213K$360K−$147K$300K 990 PDF
FY2023 $269K$256K$13K$484K 990 PDF
FY2022 $452K$462K−$9K$472K 990 PDF
FY2021 $494K$310K$183K$482K 990 PDF
FY2020 $297K$285K$12K$298K 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 FY2025 990 (6 parts)
Part I · Summary $685,415 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $157,835$654,971
I-9 Program service revenuePrior year $54,000$30,400
I-10 Investment incomePrior year $991$44
I-11 Other revenue$0
I-12 Total revenuePrior year $212,826$685,415
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $359,878$311,691
I-18 Total expensesPrior year $359,878$311,691
I-19 Revenue less expensesPrior year −$147,052$373,724
Part VI · Governance 2 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $685,415 across 6 lines filed
VIII-1d Related organizations$316,563
VIII-1f All other contributions, gifts and grants$338,408
VIII-1h Total contributions, gifts and grants$654,971
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$30,400
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $44$44
VIII-12 Total revenueRelated to mission $30,400 · Unrelated business $0 · Excluded from tax $44$685,415
Part IX · Statement of functional expenses $311,691 across 7 lines filed
IX-11a Management feesPrograms $232,388 · Management $0 · Fundraising $0$232,388
IX-11c Accounting feesPrograms $0 · Management $850 · Fundraising $0$850
IX-12 Advertising and promotionPrograms $62,782 · Management $0 · Fundraising $0$62,782
IX-13 Office expensesPrograms $0 · Management $1,369 · Fundraising $0$1,369
IX-14 Information technologyPrograms $1,558 · Management $0 · Fundraising $0$1,558
IX-17 TravelPrograms $5,352 · Management $0 · Fundraising $0$5,352
IX-24 Other expenses (24a–d)Programs $691 · Management $6,701 · Fundraising $0$7,392
IX-25 Total functional expensesPrograms $302,771 · Management $8,920 · Fundraising $0$311,691
Part X · Balance sheet $718,926 assets, 8 lines filed
Asset lines not itemized here account for $15,008; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $358,743$484,149
X-4 Accounts receivable$200,000
X-9 Prepaid expenses and deferred chargesStart of year $19,769$19,769
X-16 Total assetsStart of year $393,520$718,926
X-17 Accounts payable and accrued expensesStart of year −$37,887$56,657
X-26 Total liabilitiesStart of year $93,275$44,977
X-32 Total net assets or fund balancesStart of year $300,245$673,949
X-33 Total liabilities and net assetsStart of year $393,520$718,926
Part XI · Reconciliation of net assets $673,949 net assets at year end
XI-1 Total revenue$685,415
XI-2 Total expenses$311,691
XI-3 Revenue less expenses$373,724
XI-4 Net assets at start of year$300,245
XI-8 Prior period adjustments−$20
XI-10 Net assets at end of year$673,949

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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