Texas One Fund INC FY2023 filing

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Maximize positive community impact by helping Texas collegiate athletes succeed.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$138K 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

FY2023 · 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
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$138K
to officers and key staff · 1% 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
Fine: 1.3 months of spending in cash; 1 to 3.
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
$4K
0.3% of total assets
Looks good: liabilities are 0% 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
$10.5M
+97% vs prior year
Spent
$13.7M
To programs
90%
Net assets
$1.5M
By yearFY2022–FY2024
Revenue
$10.5M
FY2023▲ +97%
Tap a bar for its year
Revenue by fiscal year
FY2022$5.3M
FY2023$10.5M
FY2024$16.5M
Expenses
$13.7M
FY2023▲ ×22
Tap a bar for its year
Expenses by fiscal year
FY2022$611K
FY2023$13.7M
FY2024$17.6M
Net assets
$1.5M
FY2023▼ -69%
Tap a bar for its year
Net assets by fiscal year
FY2022$4.7M
FY2023$1.5M
FY2024$404K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

90 cents of each dollar spent went to programs.

Program services 90% · $12.4M Management & general 1% · $170K Fundraising 9% · $1.2M

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

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990; $138K paid to officers and key staff.

Part VII, Section A · reportable compensation
Athlete Director
$138,461Pt 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 →

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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Your first name shows with your question. Texas One Fund INC answers here, for everyone.

1 program · $12.4M · in their own filed words · FY2023
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…

$12.4Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$10.5M
Ln 12
Gifts and grantsLn 1h$9.9M
Fees for servicesLn 2g$595K
Other incomeLn 4–11$6K
Money outPt IX
$13.7M
Ln 25
Programscol B$12.4M
Managementcol C$170K
Fundraisingcol D$1.2M
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$1.5M
LiabilitiesLn 26$4K
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$9.9M
Noncash giftsLn 1g$44K
Fees for servicesLn 2g$595K
Other incomeLn 4–11$6K
Gains on assetsLn 7−$12
Total revenueLn 12$10.5M
Assets in detailPt X, end of year
CashLn 1$1.5M
Cash and savings togetherLn 1–2$1.5M
Other assetsLn 15$2K
Total assetsLn 16$1.5M
LiabilitiesLn 26$4K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 51
VolunteersI 622
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$44K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$4.7M$1.5M
Total assetsLn 16$4.7M$1.5M
LiabilitiesLn 26$36K$4K
Net assetsLn 32$4.7M$1.5M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$138K$138K$0$0
Payroll taxesLn 10$11K$11K$0$0
Legal feesLn 11b$43K$0$43K$0
Accounting feesLn 11c$1K$0$1K$0
Professional fundraising feesLn 11e$622K$622K
Other fees for servicesLn 11g$12.2M$12.2M$0$0
Advertising and promotionLn 12$222K$0$0$222K
Office expensesLn 13$14K$0$14K$0
Information technologyLn 14$109K$0$109K$0
OccupancyLn 16$2K$0$2K$0
Conferences, conventions and meetingsLn 19$334K$0$0$334K
Total functional expensesLn 25$13.7M$12.4M$170K$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Dec 1, 2025 $16.5M$17.6M−$1.1M$404K 990 PDF
FY2023 ViewingFiled with the IRS Nov 18, 2024 $10.5M$13.7M−$3.2M$1.5M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $5.3M$611K$4.7M$4.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $10,499,351 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,387,315$9,897,897
I-9 Program service revenue$595,486
I-10 Investment incomePrior year −$69,559−$12
I-11 Other revenuePrior year $5$5,980
I-12 Total revenuePrior year $5,317,761$10,499,351
I-13 Grants and similar amounts paidPrior year $71,925$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$149,053
I-16a Professional fundraising fees$621,548
I-17 Other expensesPrior year $539,078$12,959,644
I-18 Total expensesPrior year $611,003$13,730,245
I-19 Revenue less expensesPrior year $4,706,758−$3,230,894
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 $10,499,351 across 6 lines filed
Lines not itemized here account for $5,980 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$9,897,897
VIII-1g Noncash contributions (included above)$43,693
VIII-1h Total contributions, gifts and grants$9,897,897
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$595,486
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax −$12−$12
VIII-12 Total revenueRelated to mission $595,486 · Unrelated business $0 · Excluded from tax $5,968$10,499,351
Part IX · Statement of functional expenses $13,730,245 across 11 lines filed
IX-7 Other salaries and wagesPrograms $138,461 · Management $0 · Fundraising $0$138,461
IX-10 Payroll taxesPrograms $10,592 · Management $0 · Fundraising $0$10,592
IX-11b Legal feesPrograms $0 · Management $43,214 · Fundraising $0$43,214
IX-11c Accounting feesPrograms $0 · Management $1,210 · Fundraising $0$1,210
IX-11e Professional fundraising feesFundraising $621,548$621,548
IX-11g Other fees for servicesPrograms $12,234,574 · Management $0 · Fundraising $0$12,234,574
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $221,901$221,901
IX-13 Office expensesPrograms $0 · Management $13,862 · Fundraising $0$13,862
IX-14 Information technologyPrograms $0 · Management $109,247 · Fundraising $0$109,247
IX-16 OccupancyPrograms $0 · Management $2,133 · Fundraising $0$2,133
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $333,503$333,503
IX-25 Total functional expensesPrograms $12,383,627 · Management $169,666 · Fundraising $1,176,952$13,730,245
Part X · Balance sheet $1,479,635 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $4,743,108$1,477,260
X-15 Other assets$2,375
X-16 Total assetsStart of year $4,743,108$1,479,635
X-25 Other liabilities$3,771
X-26 Total liabilitiesStart of year $36,350$3,771
X-27 Net assets without donor restrictionsStart of year $4,706,758$1,475,864
X-32 Total net assets or fund balancesStart of year $4,706,758$1,475,864
X-33 Total liabilities and net assetsStart of year $4,743,108$1,479,635
Part XI · Reconciliation of net assets $1,475,864 net assets at year end
XI-1 Total revenue$10,499,351
XI-2 Total expenses$13,730,245
XI-3 Revenue less expenses−$3,230,894
XI-4 Net assets at start of year$4,706,758
XI-10 Net assets at end of year$1,475,864

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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