Grant Teaff Foundation EIN 93-4174947 Form 990 (PDF) Claim this org

Grant Teaff Foundation FY2023 filing

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Recognizes Texas high school athletes for servant leadership and community service through team awards. For fiscal year 2023 it reported $153K in revenue, $12K in expenses, and $142K in net assets.Pt I

Founded
2023
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Woodway, TX
Website
grantteaff.org
Filings
3 on file (2023–2023)
Revenue
$153KFY2023
Expenses
$12K
Net assets
$142K
People
4
Filings
3
Updates
0
More identity details & actions ⌄
EIN  93-4174947 Public foundation / grantmaker Woodway, TX Founded 2023
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Recognizes Texas high school athletes for servant leadership and community service through team awards.
Leadership
Tracy Teaff · Director VP Secretary
Money in and out
$153K revenue, $12K expenses
Bottom line
60% program efficiency
Grants paid & assets · FY2023
Total revenue
$153K
Pt VIII · Ln 12
Total expenses
$12K
Pt IX · Ln 25
Net assets
$142K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $142K
Where spending went · Part IX cols B–D
Program services $0.60 Management & general $0.40
Program efficiency
60%
of spending reaches programs
Operating runway
146.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+92%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$153K
FY2023
Expenses
$12K
FY2023
Total assets
$142K
FY2023
Total liabilities
$0
FY2023
Total revenue
$153K
Pt VIII · Ln 12
Total expenses
$12K
Pt IX · Ln 25
Net assets
$142K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$142K
Total assetsPt X · Ln 16$142K
Program-expense ratioPt IX · col B60%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGrant Teaff Foundation
EINHdr · item D93-4174947
Principal addressHdr · item CWoodway, TX
WebsiteHdr · item Jgrantteaff.org
Year of formationHdr · item L2023
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T40)
Ruling yearIRS BMFMay 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director VP Secretary
$0Pt VII · Sec A
Director and VP
$0Pt VII · Sec A
Director and Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Grant Teaff Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $7K of program spending, described in the organization's own filed words · FY2023.
01

The corporation awards a high school sports team (of a texas public high school) with a team award based on the areas of servant leadership and community service.

$7Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$153K
Total revenueLn 12$153K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.60 Management & general $0.40
Program services60%$7K
Management & general40%$5K
Total functional expensesLn 25$12K

Balance Sheet

Part X · end of year
CashLn 1$142K
Total assetsLn 16$142K
Total liabilitiesLn 26$0
Total net assetsLn 32$142K
Months of cash on handcomputed146.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $142K · Operating expenses/yr $12K
146.8 months
Where the money goes
Program services
Program services $7K · Total expenses $12K
60%
Management & General
Management & general $5K · Total expenses $12K
40%
Fundraising
Fundraising $0 · Total expenses $12K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $153K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $153K · Total revenue $153K
100%
Government reliance
Government grants — · Total revenue $153K
Earned-income share
Program service revenue $0 · Total revenue $153K
0%
Investment reliance
Investment income $0 · Total revenue $153K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $12K
0%
Growth & trend
Revenue growth (YoY)
This year $153K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $142K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $153K · Expenses $12K
+92%
Liabilities-to-Assets
Total liabilities — · Total assets $142K
Net-asset ratio
Net assets $142K · Total assets $142K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $142K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tracy Teaff · Reported title DIRECTOR VP SECRETARY · Highest reported compensation $0 · Total expenses $12K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $12K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 60%
Overhead ratio 40%
Fundraising cost ratio 0%
Legal fee ratio 40%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$10K
Grants paid · 2 grants · $15K · 2024–2025

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$73K revenue · ⤓ 990 PDF
FY2024$241K revenue · ⤓ 990 PDF
FY2023$153K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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