Education Potential Verified FY2024 filing

Tax-deductible

Dallas, TX501(c)(3)Human ServicesEIN 84-4803566

This page gets seen. Tell your story. Claim this org.

Enhance the welfare of children living in poverty by providing support in housing, education and nutrition.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$91K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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 4
filings with a surplus
Average surplus $171K a year · 15% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$91K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $170K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$100K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 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
$1.5M
+18% vs prior year
Spent
$1.5M
To programs
97%
Net assets
$528K
By yearFY2021–FY2025
Revenue
$1.5M
FY2024▲ +18%
Revenue by fiscal year
FY2021$247K
FY2023$1.3M
FY2024$1.5M
FY2025$1.3M
Expenses
$1.5M
FY2024▲ +28%
Expenses by fiscal year
FY2021$2K
FY2023$1.2M
FY2024$1.5M
FY2025$1.1M
Net assets
$528K
FY2024▲ +12%
Net assets by fiscal year
FY2021$245K
FY2023$472K
FY2024$528K
FY2025$759K

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

Give Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2020.

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% · $1.5M Management & general 3% · $40K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

4 people listed on the 990; $91K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$76,037Pt VII · Sec A
Vice Chairman
$15,378Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Lauren Steelman’s $76K as Executive Director is at the 15th percentile of top reported officer pay among 3869 $1–10M human services 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2021
Lauren Steelman$76,132———
Lauren Steelman—$76,037$37,869$325
Teresa Castaneda—$15,378——

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.

See Education Potential Verified executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Provides housing, education, and nutrition support to improve the welfare of children in poverty.

Provided by the organization

This section is blank until Education Potential Verified claims this page.

Know this organization? Claim it to add your story

1 program service account for $1.5M of program spending, described in the organization's own filed words · FY2023.
01

Nutritional support for children

$1.5Mprogram expense

Run this program? Claim this org to tell your story

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 · FY2024
CitysquareFY2024$170K
Total grants receivedfrom 1 funder$170K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.5M
Money outPt IX
$1.5M
Ln 25
Programscol B$1.5M
Managementcol C$40K
Owns and owesPt X
$528K
net assets · Ln 32
Cash and savingsLn 1–2$561K
Total assetsLn 16$628K
LiabilitiesLn 26$100K
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$1.5M
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Gains on assetsLn 7$0
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$561K
Cash and savings togetherLn 1–2$561K
Total assetsLn 16$628K
LiabilitiesLn 26$100K
Net assetsLn 32$528K
OperationsPt I, VI
EmployeesI 52
VolunteersI 65
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$251K$561K
Total assetsLn 16$566K$628K
LiabilitiesLn 26$94K$100K
Net assetsLn 32$472K$528K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$89K$89K
Pay of disqualified personsLn 6$0$0
Other salaries and wagesLn 7$82K$82K
Pension plan contributionsLn 8$800$800
Other employee benefitsLn 9$15K$15K
Payroll taxesLn 10$13K$13K
Management feesLn 11a$12K$12K
Accounting feesLn 11c$18K$18K
OccupancyLn 16$10K$70$10K
InsuranceLn 23$0$0
Other expenses (24a–d)Ln 24$1.3M$1.3M$0$0
Total functional expensesLn 25$1.5M$1.5M$40K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.3M$1.1M$231K$759K 990 PDF
FY2024 Viewing $1.5M$1.5M$56K$528K 990 PDF
FY2023 $1.3M$1.2M$152K$472K 990 PDF
FY2022 Not on file
FY2021 $247K$2K$245K$245K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,549,947 across 14 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$1,549,947
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$1,549,947
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,549,947
Part IX · Statement of functional expenses $1,494,337 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $89,135$89,135
IX-6 Pay of disqualified personsPrograms $0$0
IX-7 Other salaries and wagesPrograms $82,287$82,287
IX-8 Pension plan contributionsPrograms $800$800
IX-9 Other employee benefitsPrograms $15,164$15,164
IX-10 Payroll taxesPrograms $12,829$12,829
IX-11a Management feesManagement $11,500$11,500
IX-11c Accounting feesManagement $18,246$18,246
IX-16 OccupancyPrograms $70 · Management $10,213$10,283
IX-23 InsurancePrograms $0$0
IX-24 Other expenses (24a–d)Programs $1,254,093 · Management $0 · Fundraising $0$1,254,093
IX-25 Total functional expensesPrograms $1,454,378 · Management $39,959 · Fundraising $0$1,494,337
Part X · Balance sheet $627,592 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $250,760$561,272
X-4 Accounts receivableStart of year $315,048$66,320
X-16 Total assetsStart of year $565,808$627,592
X-17 Accounts payable and accrued expensesStart of year $93,554$99,728
X-26 Total liabilitiesStart of year $93,554$99,728
X-27 Net assets without donor restrictionsStart of year $472,254$527,864
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $472,254$527,864
X-33 Total liabilities and net assetsStart of year $565,808$627,592
Part XI · Reconciliation of net assets $527,864 net assets at year end
XI-1 Total revenue$1,549,947
XI-2 Total expenses$1,494,337
XI-3 Revenue less expenses$55,610
XI-4 Net assets at start of year$472,254
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$527,864

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.