Civic Intelligence

Kipp Texas Future Fund

990 • Fiscal year 2024 • EIN 26-0279655

Jul 01, 2023 to Jun 30, 2024 • Filed on May 13, 2025

Organization ProfileN/A
10711 KIPP WayHouston, TX 77099

(832) 328-1051

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

4th percentile

0.00x

Higher debt load relative to assets than 4% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

4th percentile

0.01x

Higher debt load relative to revenue than 4% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

99th percentile

97%

Higher net margin than 99% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

59th percentile

$573,688

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

84th percentile

19%

Faster asset growth than 84% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

633%

Faster revenue growth than 99% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$139,400,260

Up $21,797,155 (+19%) from 2023

Net Assets

Up

$139,311,182

Up $21,773,177 (+19%) from 2023

Liabilities

Up

$89,078

Up $23,978 (+37%) from 2023

Revenue And Expenses
Liabilities / Revenue4th percentileNet Margin99th percentile

Revenue

Up

$16,089,910

Up $13,895,702 (+633%) from 2023

Expenses

Up

$484,103

Up $51,499 (+12%) from 2023

Net Income

Up

$15,605,807

Up $13,844,203 (+786%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $54,678,379Liabilities 2010: $3,246,229Net Assets 2010: $51,432,1502010Assets 2011: $53,748,872Liabilities 2011: $3,271,892Net Assets 2011: $50,476,9802011Assets 2012: $48,880,407Liabilities 2012: $1,103,225Net Assets 2012: $47,777,1822012Assets 2013: $49,448,662Liabilities 2013: $1,001,336Net Assets 2013: $48,447,3262013Assets 2014: $64,503,694Liabilities 2014: $1,001,336Net Assets 2014: $63,502,3582014Assets 2015: $76,356,225Liabilities 2015: $47,553Net Assets 2015: $76,308,6722015Assets 2016: $85,544,933Liabilities 2016: $58,882Net Assets 2016: $85,486,0512016Assets 2017: $102,602,340Liabilities 2017: $56,396Net Assets 2017: $102,545,9442017Assets 2018: $100,008,762Liabilities 2018: $53,446Net Assets 2018: $99,955,3162018Assets 2019: $105,273,593Liabilities 2019: $49,500Net Assets 2019: $105,224,0932019Assets 2020: $111,922,638Liabilities 2020: $56,000Net Assets 2020: $111,866,6382020Assets 2021: $117,258,366Liabilities 2021: $75,000Net Assets 2021: $117,183,3662021Assets 2022: $109,023,768Liabilities 2022: $69,000Net Assets 2022: $108,954,7682022Assets 2023: $117,603,105Liabilities 2023: $65,100Net Assets 2023: $117,538,0052023Assets 2024: $139,400,260Liabilities 2024: $89,078Net Assets 2024: $139,311,1822024

Highlighted filing

2024

Assets$139,400,260
Liabilities$89,078
Net Assets$139,311,182
Open 2024 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MExpenses 2010: $6,837,1482010Expenses 2011: $2,725,7392011Expenses 2012: $4,821,4292012Revenue 2013: $3,855,705Expenses 2013: $3,730,429Net Income 2013: $125,2762013Revenue 2014: $17,422,549Expenses 2014: $3,732,106Net Income 2014: $13,690,4432014Revenue 2015: $14,420,886Expenses 2015: $293,316Net Income 2015: $14,127,5702015Revenue 2016: $8,474,186Expenses 2016: $493,763Net Income 2016: $7,980,4232016Revenue 2017: $13,409,870Expenses 2017: $1,634,988Net Income 2017: $11,774,8822017Revenue 2018: $3,772,316Expenses 2018: $3,211,106Net Income 2018: $561,2102018Revenue 2019: $1,745,055Expenses 2019: $6,401,073Net Income 2019: -$4,656,0182019Revenue 2020: $4,067,066Expenses 2020: $5,491,194Net Income 2020: -$1,424,1282020Revenue 2021: $1,807,500Expenses 2021: $869,849Net Income 2021: $937,6512021Revenue 2022: $2,357,604Expenses 2022: $385,114Net Income 2022: $1,972,4902022Revenue 2023: $2,194,208Expenses 2023: $432,604Net Income 2023: $1,761,6042023Revenue 2024: $16,089,910Expenses 2024: $484,103Net Income 2024: $15,605,8072024

Highlighted filing

2024

Revenue$16,089,910
Expenses$484,103
Net Income$15,605,807
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$29,669,698
Mission and Program Overview

Mission

PHILO Finance Corporation provides financial support to public charter schools.

KIPP Texas Future Fund is a supporting organization of KIPP Texas, Inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$82,571,043$94,474,880▲ $11,903,837
Investments Program Related$28,500,000$28,500,000→ $0
Cash and Non-Interest-Bearing Accounts$2,250$12,154,592▲ $12,152,342
Savings and Temporary Cash Investments$203,661$4,099,068▲ $3,895,407
Accounts Receivable$184,961$142,167▼ $42,794
Prepaid Expenses and Deferred Charges$34,759$29,403▼ $5,356
Pledges and Grants Receivable$36,361$150▼ $36,211
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$117,603,105$139,400,260▲ $21,797,155
Other Assets Total$6,070,070$0▼ $6,070,070
Liabilities
Accounts Payable and Accrued Expenses$65,100$89,078▲ $23,978
Total Liabilities$65,100$89,078▲ $23,978
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$85,850,277$107,623,454▲ $21,773,177
Net Assets With Donor Restrictions$31,687,728$31,687,728→ $0
Total Net Assets Fund Balance$117,538,005$139,311,182▲ $21,773,177
Total Liabilities and Net Assets / Fund Balance$117,603,105$139,400,260▲ $21,797,155

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$214,746$214,746
Equipment$0$10,022$10,022
Investment Program Related Org$28,500,000--
Compensation and Service Providers
Top Officer Pay59th percentile

Board Members and Trustees

NameTitle
Gene AustinChair
Allison ThackerBoard Member
Bill BoyarBoard Member
Patricia PontonBoard Member
Sehba Z AliCEO KIPP Texas, Inc.
Son Nam HanCFO KIPP Texas, Inc.

Highest Paid Contractors

ContractorServicesLocationCompensation
Fayez Sarofim & CoInvestment Mgt.909 Fannin St Ste 2907, Houston, TX 77010$286,671
Revenue and Support

Revenue Composition

Contributions and Grants
$10,000,000
Program Service Revenue
$0
Investment Income
$6,089,910
Other Revenue
$0
All Other Contributions
$10,000,000
Change in Net Assets
$15,605,807

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,803,239
Revenue Not Reported on Financial Statements
$286,671
Revenue Not Reported on Form 990
$6,167,370
Total Revenue per Audited Statements
$21,970,609
Total Revenue per Form 990
$16,089,910
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$427,122
Salaries, Compensation, and Employee Benefits$56,981
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$286,671-$286,671
Current Officers, Directors, Trustees, and Key Employees$25,000$25,000-$50,000
Fees for Services Legal-$46,577-$46,577
Insurance-$44,544-$44,544
Fees for Services Accounting-$23,150-$23,150
Other Expenses-$11,974-$11,974
Fees for Services Other-$9,040-$9,040
Payroll Taxes$3,491$3,490-$6,981
Office Expenses-$5,166-$5,166
Total Functional Expenses$28,491$455,612$0$484,103

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$484,103
Expenses Not Reported on Financial Statements$286,671
Expenses per Audited Statements$197,432
Total Expenses per Audited Statements$197,432
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“The sole member of the Corporation is KIPP Texas, Inc.”

Form 990, Part VI, Section B, line 11B

“Form 990 is reviewed by the CFO of KIPP Texas, Inc. A copy of Form 990 is then distributed to the governing body prior to filing with the IRS.”

Form 990, Part VI, Section B, line 12C

“Board Members are excluded from voting in the event a conflict of interest may exist and are regularly reminded of this obligation at board meetings. During the course of any decision-making at the board level, the directors provide insight into any entity where a conflict or relationship may exist and recuse themselves from participating in a vote. KIPP Texas Future Fund has a limited number of entities with which it contracts.”

Form 990, Part VI, Section C, line 19

“KIPP Texas Future Fund will provide these documents upon request from the public.”

Form 990, Part VII - Compensation Explanation

“Sehba Z. Ali and Son Nam Han each spend 50 hours per week in their roles as CEO and CFO of KIPP Texas, Inc. For calendar year 2023, they received no compensation for their services to KIPP Texas Future Fund. Beginning in 2024, Son Nam Han was compensated for his services to KIPP Texas Future Fund. He received $50,000 for January to June 2024.”

Filing and Contact Details

Filer

Filer Name
KIPP Texas Future Fund
EIN
26-0279655
Phone
8323281051
Address
10711 KIPP Way, Houston, TX 77099

Signing Officer

Name
Son Nam Han
Title
CFO KIPP Texas Future Fund
Phone
8323281051
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sehba Z Ali
Formed
2006
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027
Preparer
Barbara Murphy
Phone
7134395739
Raw XML AppendixShowing 400 of 484 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt065100
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt089078
IRS990/AccountsReceivableGrp/BOYAmt0184961
IRS990/AccountsReceivableGrp/EOYAmt0142167
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0KIPP Texas Future Fund is a supporting organization of KIPP Texas, Inc.
IRS990/AllOtherContributionsAmt010000000
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Son Nam Han
IRS990/BooksInCareOfDetail/PhoneNum08323281051
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt010711 KIPP Way
IRS990/BooksInCareOfDetail/USAddress/CityNm0Houston
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd077099
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02250
IRS990/CashNonInterestBearingGrp/EOYAmt012154592
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt025000
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt025000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt050000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt0286671
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0909 Fannin St Ste 2907
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Houston
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd077010
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0Fayez Sarofim & Co
IRS990/ContractorCompensationGrp/ServicesDesc0Investment Mgt.
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt010000000
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt06089910
IRS990/CYOtherExpensesAmt0427122
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt015605807
IRS990/CYSalariesCompEmpBnftPaidAmt056981
IRS990/CYTotalExpensesAmt0484103
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt016089910
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0KIPP Texas Future Fund is a supporting organization of KIPP Texas Public Schools. KIPP Texas Future Fund's mission is to provide capital and operating support to KIPP Texas Public Schools on an as needed basis. In addition, it provides KIPP Texas with a fundraising arm to collect certain contributions from donors.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt031687728
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt031687728
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt028491
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt023150
IRS990/FeesForServicesAccountingGrp/TotalAmt023150
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt046577
IRS990/FeesForServicesLegalGrp/TotalAmt046577
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt09040
IRS990/FeesForServicesOtherGrp/TotalAmt09040
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0286671
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0286671
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt450.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt550.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt473282
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt533312
IRS990/Form990PartVIISectionAGrp/PersonNm0Gene Austin
IRS990/Form990PartVIISectionAGrp/PersonNm1Bill Boyar
IRS990/Form990PartVIISectionAGrp/PersonNm2Patricia Ponton
IRS990/Form990PartVIISectionAGrp/PersonNm3Allison Thacker
IRS990/Form990PartVIISectionAGrp/PersonNm4Sehba Z Ali
IRS990/Form990PartVIISectionAGrp/PersonNm5Son Nam Han
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4500406
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5328206
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4CEO KIPP Texas, Inc.
IRS990/Form990PartVIISectionAGrp/TitleTxt5CFO KIPP Texas, Inc.
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt04104534
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt017684322
IRS990/GrossReceiptsAmt029669698
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt044544
IRS990/InsuranceGrp/TotalAmt044544
IRS990/InvestmentIncomeGrp/ExclusionAmt01985376
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01985376
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt028500000
IRS990/InvestmentsProgramRelatedGrp/EOYAmt028500000
IRS990/InvestmentsPubTradedSecGrp/BOYAmt082571043
IRS990/InvestmentsPubTradedSecGrp/EOYAmt094474880
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0224768
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt0224768
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt013579788
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0KIPP Texas Future Fund's mission is to provide capital and operating support to KIPP Texas Public Schools on an as needed basis. In addition, it provides KIPP Texas with a fundraising arm to collect certain contributions from donors.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0117538005
IRS990/NetAssetsOrFundBalancesEOYAmt0139311182
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt04104534
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04104534
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt06167370
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt085850277
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0107623454
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05166
IRS990/OfficeExpensesGrp/TotalAmt05166
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06070070
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Foreign tax
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011974
IRS990/OtherExpensesGrp/TotalAmt011974
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03490
IRS990/PayrollTaxesGrp/ProgramServicesAmt03491
IRS990/PayrollTaxesGrp/TotalAmt06981
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt036361
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0150
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt034759
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029403
IRS990/PrincipalOfficerNm0Sehba Z Ali
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02194208
IRS990/PYOtherExpensesAmt0432604
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01761604
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0432604
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02194208
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt015605807
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0203661
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04099068
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0010639602
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0484103
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0KIPP Texas Inc
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0484103
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010022
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010022
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0286671
IRS990ScheduleD/ExpensesSubtotalAmt0197432
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0286671
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0286671
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt028500000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Note Receivable - KIPP Texas, Inc.
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/NetUnrealizedGainsInvstAmt06167370
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0214746
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0214746
IRS990ScheduleD/RevenueNotReportedAmt06167370
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0286671
IRS990ScheduleD/RevenueSubtotalAmt015803239
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt028500000
IRS990ScheduleD/TotalExpensesPerForm990Amt0484103
IRS990ScheduleD/TotalRevenuePerForm990Amt016089910
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt021970609
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0197432
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt090633
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt151503
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0409773
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1276703
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt064718
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt125859
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt08564
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt17453
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Sehba Z Ali
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Son Nam Han
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO KIPP Texas, Inc.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO KIPP Texas, Inc.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0573688
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1361518
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Sehba Z. Ali is the CEO of KIPP Texas, Inc. and serves as the top management official for KIPP Texas Future Fund. Her compensation is reviewed and approved by the Board of KIPP Texas, Inc.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II, line 1:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The sole member of the Corporation is KIPP Texas, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is reviewed by the CFO of KIPP Texas, Inc. A copy of Form 990 is then distributed to the governing body prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board Members are excluded from voting in the event a conflict of interest may exist and are regularly reminded of this obligation at board meetings. During the course of any decision-making at the board level, the directors provide insight into any entity where a conflict or relationship may exist and recuse themselves from participating in a vote. KIPP Texas Future Fund has a limited number of entities with which it contracts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3KIPP Texas Future Fund will provide these documents upon request from the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Sehba Z. Ali and Son Nam Han each spend 50 hours per week in their roles as CEO and CFO of KIPP Texas, Inc. For calendar year 2023, they received no compensation for their services to KIPP Texas Future Fund. Beginning in 2024, Son Nam Han was compensated for his services to KIPP Texas Future Fund. He received $50,000 for January to June 2024.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VII - Compensation Explanation
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0KIPP Texas Future Fund
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0PHILO School Management LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0900946234
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Educational services
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt010711 KIPP Way
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Houston
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd077099
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0KIPP Texas Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0010639602
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Educational Services
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt010711 KIPP Way
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Houston
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd077099
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$139,400,260
Liabilities
$89,078
Net assets
$139,311,182
Revenue
$16,089,910
Expenses
$484,103
Net income
$15,605,807
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$139$0.09$139$16.1$0.48$15.6
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$118$0.07$118$2.19$0.43$1.76
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$109$0.07$109$2.36$0.39$1.97
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$117$0.08$117$1.81$0.87$0.94
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$112$0.06$112$4.07$5.49$1.42
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$105$0.05$105$1.75$6.40$4.66
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$100$0.05$100.0$3.77$3.21$0.56
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$103$0.06$103$13.4$1.63$11.8
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$85.5$0.06$85.5$8.47$0.49$7.98
2015Detailed filing. Detailed filing data is available for this year.$76.4$0.05$76.3$14.4$0.29$14.1
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.5$1.00$63.5$17.4$3.73$13.7
2013Detailed filing. Detailed filing data is available for this year.$49.4$1.00$48.4$3.86$3.73$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.9$1.10$47.8$4.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.7$3.27$50.5$2.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.7$3.25$51.4$6.84
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $100M-$250M nonprofits