431 Exchange: Nonprofit Profile, Financials & Form 990 (EIN 83-2347758)

Revenue by fiscal year
FY2021	$181K
FY2022	$117K
FY2023	$123K
FY2024	$160K
FY2025	$187K

Expenses by fiscal year
FY2021	Not on file
FY2022	Not on file
FY2023	Not on file
FY2024	$139K
FY2025	$189K

Net assets by fiscal year
FY2021	$143K
FY2022	$154K
FY2023	$223K
FY2024	$263K
FY2025	$261K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2019.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $189K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation

Julian Buenger

Vice Preside

$0Pt VII · Sec A

Jeanne Geoffray

President

$0Pt VII · Sec A

See 431 Exchange 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

431 Exchange is an education nonprofit based in Dallas, TX.

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Provided by the organization

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1 program · $189K · in their own filed words · FY2025

01

Awarded scholarships to 85 applicants in 2025 totaling 44,399

$189Kprogram 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 · FY2023

Donor Advised Charitable Giving INCFY2023$26K

Boule FoundationFY2023$10K

The Greater New Orleans FoundationFY2023$10K

Total grants receivedfrom 3 funders$46K

See all 3 funders →

Grants paid · 2 grants · $109K · 2024–2025

Unitemized GrantFY2025$44,399

Unitemized GrantFY2024$64,367

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$187K

Ln 12

Gifts and grantsLn 1h$179K

Investment incomeLn 3$7K

Money outPt IX

$189K

Ln 25

Programscol B$189K

Owns and owesPt X

$261K

net assets · Ln 32

Cash and savingsLn 1–2$119K

Total assetsLn 16$261K

LiabilitiesLn 26$0

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$179K

Noncash giftsLn 1g$12K

Investment incomeLn 3$7K

Gains on assetsLn 7$2K

Total revenueLn 12$187K

Assets in detailPt X, end of year

CashLn 1$119K

Cash and savings togetherLn 1–2$119K

InvestmentsLn 11–13$142K

Total assetsLn 16$261K

LiabilitiesLn 26$0

Net assetsLn 32$261K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$76K	$119K
InvestmentsLn 11–13	$187K	$142K
Total assetsLn 16	$263K	$261K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$263K	$261K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$44K	$44K
Management feesLn 11a	$118K	$118K
Accounting feesLn 11c	$2K	$2K
Other expenses (24a–d)Ln 24	$25K	$25K
Total functional expensesLn 25	$189K	$189K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$187K	$189K	−$2K	$261K	990 PDF
FY2024	$160K	$139K	$21K	$263K	990 PDF
FY2023	$123K			$223K	990 PDF
FY2022	$117K			$154K	990 PDF
FY2021	$181K			$143K	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 FY2025 990 (6 parts)

Part I · Summary $186,572 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $152,828$179,139

I-9 Program service revenue$0

I-10 Investment incomePrior year $6,888$7,433

I-11 Other revenue$0

I-12 Total revenuePrior year $159,716$186,572

I-13 Grants and similar amounts paidPrior year $64,367$44,399

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $74,255$144,665

I-18 Total expensesPrior year $138,622$189,064

I-19 Revenue less expensesPrior year $21,094−$2,492

Part VI · Governance 3 of 3 board members independent, 4 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $186,572 across 7 lines filed

VIII-1a Federated campaigns$23,794

VIII-1f All other contributions, gifts and grants$155,345

VIII-1g Noncash contributions (included above)$11,631

VIII-1h Total contributions, gifts and grants$179,139

VIII-3 Investment incomeRelated to mission $5,864$5,864

VIII-7 Net gain or loss on sales of assetsRelated to mission $1,569$1,569

VIII-12 Total revenueRelated to mission $7,433$186,572

Part IX · Statement of functional expenses $189,064 across 4 lines filed

IX-2 Grants to domestic individualsPrograms $44,399$44,399

IX-11a Management feesPrograms $117,672$117,672

IX-11c Accounting feesPrograms $1,900$1,900

IX-24 Other expenses (24a–d)Programs $25,093$25,093

IX-25 Total functional expensesPrograms $189,064 · Management $0 · Fundraising $0$189,064

Part X · Balance sheet $260,708 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $75,985$119,027

X-11 Publicly traded securitiesStart of year $187,496$141,681

X-16 Total assetsStart of year $263,481$260,708

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $263,481$260,708

X-32 Total net assets or fund balancesStart of year $263,481$260,708

X-33 Total liabilities and net assetsStart of year $263,481$260,708

Part XI · Reconciliation of net assets $260,708 net assets at year end

XI-1 Total revenue$186,572

XI-2 Total expenses$189,064

XI-3 Revenue less expenses−$2,492

XI-4 Net assets at start of year$263,481

XI-9 Other changes in net assets−$281

XI-10 Net assets at end of year$260,708

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

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