Careerspring Foundation

Tax-deductible

Bellaire, TX501(c)(3)Since 2020EducationEIN 85-1275392

To unlock the employment potential of first generation college students by providing career information, social capital, and job placement services.

501(c)(3) charity; gifts are tax-deductible.
74¢ 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
5 of 6
filings with a surplus
Average surplus $285K a year · 19% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $35K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.09% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.5M
+51% vs prior year
Spent
$2.5M
To programs
74%
Net assets
$2.0M
By yearFY2020–FY2025
Revenue
$3.5M
FY2025▲ +51%
Revenue by fiscal year
FY2020$230K
FY2021$427K
FY2022$916K
FY2023$1.6M
FY2024$2.3M
FY2025$3.5M
Expenses
$2.5M
FY2025▲ +37%
Expenses by fiscal year
FY2020$135K
FY2021$323K
FY2022$934K
FY2023$1.5M
FY2024$1.9M
FY2025$2.5M
Net assets
$2.0M
FY2025▲ +173%
Net assets by fiscal year
FY2020$95K
FY2021$200K
FY2022$181K
FY2023$259K
FY2024$733K
FY2025$2.0M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

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

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $1.9M Management & general 13% · $324K Fundraising 13% · $341K

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

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Careerspring 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects first-generation college students with career information, mentors, and jobs.

Provided by the organization

This section is blank until Careerspring Foundation claims this page.

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1 program service account for $1.9M of program spending, described in the organization's own filed words · FY2025.
01

To unlock the employment potential of first generation college students by providing career information, social capital, and job placement services.

$1.9Mprogram expense

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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 · FY2025
Total grants receivedfrom 2 funders$35K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$3.5M
Ln 12
Gifts and grantsLn 1h$3.4M
Fees for servicesLn 2g$74K
Investment incomeLn 3$38K
Money outPt IX
$2.5M
Ln 25
Programscol B$1.9M
Managementcol C$324K
Fundraisingcol D$341K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$871K
Total assetsLn 16$2.0M
LiabilitiesLn 26$2K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.4M
Noncash giftsLn 1g$96K
Fees for servicesLn 2g$74K
Investment incomeLn 3$38K
Gains on assetsLn 7$33K
Total revenueLn 12$3.5M
Assets in detailPt X, end of year
CashLn 1$871K
SavingsLn 2$0
Cash and savings togetherLn 1–2$871K
Total assetsLn 16$2.0M
LiabilitiesLn 26$2K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 528
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$737K$871K
Total assetsLn 16$738K$2.0M
LiabilitiesLn 26$5K$2K
Net assetsLn 32$733K$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.8M$1.3M$227K$261K
Other employee benefitsLn 9$103K$75K$13K$15K
Payroll taxesLn 10$135K$98K$17K$20K
Legal feesLn 11b$30K$30K
Other fees for servicesLn 11g$212K$201K$3K$7K
Advertising and promotionLn 12$27K$21K$5K
Office expensesLn 13$35K$16K$14K$5K
Information technologyLn 14$82K$82K
OccupancyLn 16$3K$3K
TravelLn 17$29K$14K$12K$3K
InsuranceLn 23$250$250
Other expenses (24a–d)Ln 24$121K$94K$3K$25K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$2.5M$1.9M$324K$341K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3.5M$2.5M$978K$2.0M 990 PDF
FY2024 $2.3M$1.9M$474K$733K 990 PDF
FY2023 $1.6M$1.5M$78K$259K 990 PDF
FY2022 $916K$934K−$19K$181K 990 PDF
FY2021 $427K$323K$105K$200K 990 PDF
FY2020 $230K$135K$95K$95K 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 (4 parts)
Part VIII · Statement of revenue $3,518,630 across 7 lines filed
VIII-1f All other contributions, gifts and grants$3,406,745
VIII-1g Noncash contributions (included above)$95,551
VIII-1h Total contributions, gifts and grants$3,406,745
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $74,000$74,000
VIII-3 Investment incomeExcluded from tax $5,232$5,232
VIII-7 Net gain or loss on sales of assetsExcluded from tax $32,653$32,653
VIII-12 Total revenueRelated to mission $74,000 · Unrelated business $0 · Excluded from tax $37,885$3,518,630
Part IX · Statement of functional expenses $2,540,815 across 13 lines filed
IX-7 Other salaries and wagesPrograms $1,274,690 · Management $227,424 · Fundraising $260,610$1,762,724
IX-9 Other employee benefitsPrograms $74,721 · Management $13,331 · Fundraising $15,277$103,329
IX-10 Payroll taxesPrograms $97,584 · Management $17,410 · Fundraising $19,951$134,945
IX-11b Legal feesManagement $30,498$30,498
IX-11g Other fees for servicesPrograms $201,102 · Management $2,987 · Fundraising $7,485$211,574
IX-12 Advertising and promotionPrograms $21,286 · Fundraising $5,321$26,607
IX-13 Office expensesPrograms $15,854 · Management $14,096 · Fundraising $5,286$35,236
IX-14 Information technologyPrograms $81,600$81,600
IX-16 OccupancyManagement $2,558$2,558
IX-17 TravelPrograms $14,422 · Management $11,537 · Fundraising $2,884$28,843
IX-23 InsuranceManagement $250$250
IX-24 Other expenses (24a–d)Programs $93,864 · Management $2,558 · Fundraising $24,577$120,999
IX-24e All other expensesManagement $1,652$1,652
IX-25 Total functional expensesPrograms $1,875,123 · Management $324,301 · Fundraising $341,391$2,540,815
Part X · Balance sheet $2,004,556 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $529,521$871,252
X-2 Savings and temporary cash investmentsStart of year $207,459$0
X-3 Pledges and grants receivableStart of year $0$1,093,870
X-4 Accounts receivableStart of year $654$39,434
X-16 Total assetsStart of year $737,634$2,004,556
X-17 Accounts payable and accrued expensesStart of year $507$0
X-25 Other liabilitiesStart of year $4,413$1,790
X-26 Total liabilitiesStart of year $4,920$1,790
X-27 Net assets without donor restrictionsStart of year $732,714$964,236
X-28 Net assets with donor restrictions$1,038,530
X-32 Total net assets or fund balancesStart of year $732,714$2,002,766
X-33 Total liabilities and net assetsStart of year $737,634$2,004,556
Part XI · Reconciliation of net assets $2,002,766 net assets at year end
XI-1 Total revenue$3,518,630
XI-2 Total expenses$2,540,815
XI-3 Revenue less expenses$977,815
XI-4 Net assets at start of year$732,714
XI-8 Prior period adjustments$325,000
XI-9 Other changes in net assets−$32,763
XI-10 Net assets at end of year$2,002,766

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

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