Maximize positive community impact by helping Texas collegiate athletes succeed.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 22 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
1 of 3
filings with a surplus
Average surplus $137K a year · 1% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$175K
to officers and key staff · 1.0% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
22
named funders · $1.1M
Looks good: 22 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$200K
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16.5M
+57% vs prior year
Spent
$17.6M
To programs
86%
Net assets
$404K
By yearFY2022–FY2024
Revenue
$16.5M
FY2024▲ +57%
Tap a bar for its year
Revenue by fiscal year
FY2022$5.3M
FY2023$10.5M
FY2024$16.5M
Expenses
$17.6M
FY2024▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2022$611K
FY2023$13.7M
FY2024$17.6M
Net assets
$404K
FY2024▼ -73%
Tap a bar for its year
Net assets by fiscal year
FY2022$4.7M
FY2023$1.5M
FY2024$404K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2022.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $15.2M Management & general 1% · $155K Fundraising 13% · $2.3M

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

6 people listed on the 990; $175K paid to officers and key staff.

Part VII, Section A · reportable compensation
Athlete Director
$175,308Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Charity Grady’s $175K as Athlete Director is at the 26th percentile of top reported officer pay among 572 $10–100M community development 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 · 1 named individual · Part VII

NameFY2024FY2023
Charity Grady$175,308$138,461

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 Texas One Fund INC 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

Empowers Texas collegiate athletes to achieve success and create positive community impact.

Questions for Texas One Fund INC

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Provided by the organization

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1 program · $15.2M · in their own filed words · FY2024
01

Connect with Charitable Organizations

The organization connects volunteers, contractors, donors, and student-athletes with charitable organizations that are impactful in their lives or the lives of their loved ones, not just locally, but across the state of Texas and nationally, so that each volunteer, contractor, donor, and student- athlete can contribute to the causes they…

$15.2Mprogram 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
See all 22 funders →
Grants paid · 1 grant · $72K · 2022–2022
The Livestrong FoundationTX · FY2022$71,925

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$16.5M
Ln 12
Gifts and grantsLn 1h$16.8M
Fees for servicesLn 2g$25K
Money outPt IX
$17.6M
Ln 25
Programscol B$15.2M
Managementcol C$155K
Fundraisingcol D$2.3M
Owns and owesPt X
$404K
net assets · Ln 32
Cash and savingsLn 1–2$582K
Total assetsLn 16$604K
LiabilitiesLn 26$200K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16.8M
Noncash giftsLn 1g$11.7M
Fees for servicesLn 2g$25K
Gains on assetsLn 7−$325K
Total revenueLn 12$16.5M
Assets in detailPt X, end of year
CashLn 1$582K
Cash and savings togetherLn 1–2$582K
Other assetsLn 15$22K
Total assetsLn 16$604K
LiabilitiesLn 26$200K
Net assetsLn 32$404K
OperationsPt I, VI
EmployeesI 51
VolunteersI 622
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
LineStart FY24End FY24
Cash and savingsLn 1–2$1.5M$582K
Total assetsLn 16$1.5M$604K
LiabilitiesLn 26$4K$200K
Net assetsLn 32$1.5M$404K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$206K$206K$0$0
Payroll taxesLn 10$15K$15K$0$0
Legal feesLn 11b$2K$0$2K$0
Accounting feesLn 11c$1K$0$1K$0
Professional fundraising feesLn 11e$1.6M$1.6M
Other fees for servicesLn 11g$14.9M$14.9M$0$0
Advertising and promotionLn 12$297K$0$0$297K
Office expensesLn 13$21K$0$21K$0
Information technologyLn 14$27K$0$27K$0
OccupancyLn 16$7K$0$7K$0
TravelLn 17$87K$0$87K$0
Conferences, conventions and meetingsLn 19$353K$0$0$353K
InsuranceLn 23$436$0$436$0
Other expenses (24a–d)Ln 24$11K$0$11K$0
Total functional expensesLn 25$17.6M$15.2M$155K$2.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $16.5M$17.6M−$1.1M$404K 990 PDF
FY2023 $10.5M$13.7M−$3.2M$1.5M 990 PDF
FY2022 $5.3M$611K$4.7M$4.7M 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 M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $16,510,654 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,897,897$16,809,863
I-9 Program service revenuePrior year $595,486$25,000
I-10 Investment incomePrior year −$12−$324,509
I-11 Other revenuePrior year $5,980$300
I-12 Total revenuePrior year $10,499,351$16,510,654
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $149,053$221,426
I-16a Professional fundraising feesPrior year $621,548$1,613,221
I-17 Other expensesPrior year $12,959,644$15,739,578
I-18 Total expensesPrior year $13,730,245$17,574,225
I-19 Revenue less expensesPrior year −$3,230,894−$1,063,571
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $16,510,654 across 7 lines filed
VIII-1f All other contributions, gifts and grants$16,809,863
VIII-1g Noncash contributions (included above)$11,665,727
VIII-1h Total contributions, gifts and grants$16,809,863
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$25,000
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax −$324,509−$324,509
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $300 · Unrelated business $0 · Excluded from tax $0$300
VIII-12 Total revenueRelated to mission $25,300 · Unrelated business $0 · Excluded from tax −$324,509$16,510,654
Part IX · Statement of functional expenses $17,574,225 across 14 lines filed
IX-7 Other salaries and wagesPrograms $206,077 · Management $0 · Fundraising $0$206,077
IX-10 Payroll taxesPrograms $15,349 · Management $0 · Fundraising $0$15,349
IX-11b Legal feesPrograms $0 · Management $1,890 · Fundraising $0$1,890
IX-11c Accounting feesPrograms $0 · Management $1,000 · Fundraising $0$1,000
IX-11e Professional fundraising feesFundraising $1,613,221$1,613,221
IX-11g Other fees for servicesPrograms $14,934,506 · Management $0 · Fundraising $0$14,934,506
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $296,608$296,608
IX-13 Office expensesPrograms $0 · Management $20,735 · Fundraising $0$20,735
IX-14 Information technologyPrograms $0 · Management $26,712 · Fundraising $0$26,712
IX-16 OccupancyPrograms $0 · Management $6,546 · Fundraising $0$6,546
IX-17 TravelPrograms $0 · Management $87,172 · Fundraising $0$87,172
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $353,273$353,273
IX-23 InsurancePrograms $0 · Management $436 · Fundraising $0$436
IX-24 Other expenses (24a–d)Programs $0 · Management $10,700 · Fundraising $0$10,700
IX-25 Total functional expensesPrograms $15,155,932 · Management $155,191 · Fundraising $2,263,102$17,574,225
Part X · Balance sheet $603,643 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $1,477,260$582,069
X-15 Other assetsStart of year $2,375$21,574
X-16 Total assetsStart of year $1,479,635$603,643
X-24 Unsecured notes and loans payable$200,000
X-25 Other liabilitiesStart of year $3,771$0
X-26 Total liabilitiesStart of year $3,771$200,000
X-27 Net assets without donor restrictionsStart of year $1,475,864$403,643
X-32 Total net assets or fund balancesStart of year $1,475,864$403,643
X-33 Total liabilities and net assetsStart of year $1,479,635$603,643
Part XI · Reconciliation of net assets $403,643 net assets at year end
XI-1 Total revenue$16,510,654
XI-2 Total expenses$17,574,225
XI-3 Revenue less expenses−$1,063,571
XI-4 Net assets at start of year$1,475,864
XI-8 Prior period adjustments−$8,650
XI-10 Net assets at end of year$403,643

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

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