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Sss Education Foundation

Tax-deductible

Mesquite, TX501(c)(3)Since 2018Education EIN 82-4972119Revenue $8.2M in FY2024

On file with the IRS1412 S Belt Line Rd, 75149-5941 · Mesquite, TXTax-exempt since Sep 2018Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose of the corporation is to support meadow oaks Education Foundation and other charter educational organizations located in the USA, in order to (I) facilitate charter school campus development projects, including designing, financing, holding title to the property and leasing the developments, including collecting rents and paying expenses incidental to such activities, for the purpose of providing affordable facilities for public charter schools at or below market rates, and (II) facilitate the attainment of higher Education by providing college tuition assistance in the form of scholarships and grants for charter school graduates.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
0 of 5
filings with a surplus
Average deficit $1.6M a year · 31% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
33 mo
of spending, in cash
Looks good: 32.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$126.8M
107% of total assets
Concern: liabilities are 107% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 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
$8.2M
-3% vs prior year
Spent
$10.1M
To programs
100%
Net assets
−$8.7M
By yearFY2020–FY2024
Revenue
$8.2M
FY2024▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$789K
FY2021$3.4M
FY2022$6.0M
FY2023$8.4M
FY2024$8.2M
Expenses
$10.1M
FY2024▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2020$915K
FY2021$4.4M
FY2022$7.5M
FY2023$12.1M
FY2024$10.1M
Net assets
−$8.7M
FY2024▼ -29%
Tap a bar for its year
Net assets by fiscal year
FY2020−$665K
FY2021−$1.6M
FY2022−$3.1M
FY2023−$6.8M
FY2024−$8.7M

From the FY2024 Form 990 (year ending August 2024) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2018.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $10.1M

Form 990 Part IX, line 25. 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 (FY2023); the FY2024 filing did not itemize Part VII
Shubham Pandey
Chairman and Executive Director
$0Pt VII · Sec A
Brent Parrot
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sss 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops charter school facilities and provides scholarships for graduates to attend college.

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Provided by the organization

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1 program · $10.1M · in their own filed words · FY2023
01

The purpose of the corporation is to support meadow oaks education foundation and other charter educational organizations located in the usa, in order to (I) facilitate charter school campus development projects, including designing, financing, holding title to the property and leasing the developments, including collecting indirect…

$10.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
American Online Giving Foundation INCFY2022$6K
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$8.2M
Ln 12
Gifts and grantsLn 1h$7.7M
Investment incomeLn 3$467K
Money outPt IX
$10.1M
Ln 25
Programscol B$10.1M
Owns and owesPt X
−$8.7M
net assets · Ln 32
Cash and savingsLn 1–2$27.7M
Total assetsLn 16$118.1M
LiabilitiesLn 26$126.8M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.7M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$467K
Total revenueLn 12$8.2M
Assets in detailPt X, end of year
CashLn 1$27.7M
Cash and savings togetherLn 1–2$27.7M
Land, buildings, equipmentLn 10c$90.4M
Total assetsLn 16$118.1M
LiabilitiesLn 26$126.8M
Net assetsLn 32−$8.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$27.6M$27.7M
Land, buildings, equipmentLn 10c$92.9M$90.4M
Total assetsLn 16$120.5M$118.1M
LiabilitiesLn 26$127.3M$126.8M
Net assetsLn 32−$6.8M−$8.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
InterestLn 20$7.5M$7.5M
Depreciation, depletion and amortizationLn 22$2.6M$2.6M
InsuranceLn 23$44K$44K
Total functional expensesLn 25$10.1M$10.1M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $8.2M$10.1M−$2.0M−$8.7M 990 PDF
FY2023 $8.4M$12.1M−$3.7M−$6.8M 990 PDF
FY2022 $6.0M$7.5M−$1.5M−$3.1M 990 PDF
FY2021 $3.4M$4.4M−$919K−$1.6M 990 PDF
FY2020 $789K$915K−$127K−$665K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $8,157,427 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,554,418$7,690,136
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $872,074$467,291
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $8,426,492$8,157,427
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,102,512$10,121,004
I-18 Total expensesPrior year $12,102,512$10,121,004
I-19 Revenue less expensesPrior year −$3,676,020−$1,963,577
Part VI · Governance 2 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $8,157,427 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$7,690,136
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$7,690,136
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $467,291$467,291
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $467,291$8,157,427
Part IX · Statement of functional expenses $10,121,004 across 3 lines filed
IX-20 InterestPrograms $7,518,907$7,518,907
IX-22 Depreciation, depletion and amortizationPrograms $2,558,097$2,558,097
IX-23 InsurancePrograms $44,000$44,000
IX-25 Total functional expensesPrograms $10,121,004 · Management $0 · Fundraising $0$10,121,004
Part X · Balance sheet $118,103,226 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $27,635,906$27,730,427
X-10c Land, buildings and equipment, netStart of year $92,866,470$90,372,799
X-16 Total assetsStart of year $120,502,376$118,103,226
X-20 Tax-exempt bond liabilitiesStart of year $126,345,580$126,831,832
X-26 Total liabilitiesStart of year $127,267,405$126,831,832
X-27 Net assets without donor restrictionsStart of year −$6,765,029−$8,728,606
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$6,765,029−$8,728,606
X-33 Total liabilities and net assetsStart of year $120,502,376$118,103,226
Part XI · Reconciliation of net assets −$8,728,606 net assets at year end
XI-1 Total revenue$8,157,427
XI-2 Total expenses$10,121,004
XI-3 Revenue less expenses−$1,963,577
XI-4 Net assets at start of year−$6,765,029
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$8,728,606

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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