Civic Intelligence

Discoveru

990 • Fiscal year 2024 • EIN 26-2053733

Oct 01, 2023 to Sep 30, 2024 • Filed on Jan 17, 2025

7676 Hillmont St 320Houston, TX 77040

(346) 327-7510

Siviq Scores

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

Liabilities / Assets

46th percentile

0.04x

Higher debt load relative to assets than 46% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

29th percentile

0.01x

Higher debt load relative to revenue than 29% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

15th percentile

-19%

Higher net margin than 15% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

77th percentile

$128,101

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

1st percentile

-63%

Faster asset growth than 1% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-30%

Faster revenue growth than 10% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$540,291

Down $678,703 (-56%) from 2021

Net Assets

Down

$517,079

Down $214,471 (-29%) from 2021

Liabilities

Down

$23,212

Down $464,232 (-95%) from 2021

Revenue

Up

$2,264,428

Up $445,051 (+24%) from 2021

Expenses

Up

$2,686,196

Up $1,467,296 (+120%) from 2021

Net Income

Down

-$421,768

Down $1,022,245 (-170%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $134,860Liabilities 2013: $4,772Net Assets 2013: $130,0882013Assets 2019: $380,952Liabilities 2019: $0Net Assets 2019: $380,9522019Assets 2020: $333,458Liabilities 2020: $129,467Net Assets 2020: $203,9912020Assets 2021: $1,218,994Liabilities 2021: $487,444Net Assets 2021: $731,5502021Assets 2024: $540,291Liabilities 2024: $23,212Net Assets 2024: $517,0792024Assets 2025: $1,070,906Liabilities 2025: $78,856Net Assets 2025: $992,0502025

Highlighted filing

2024

Assets$540,291
Liabilities$23,212
Net Assets$517,079

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2013: $193,0742013Revenue 2019: $983,788Expenses 2019: $1,022,826Net Income 2019: -$39,0382019Revenue 2020: $1,170,605Expenses 2020: $1,037,567Net Income 2020: $133,0382020Revenue 2021: $1,819,377Expenses 2021: $1,218,900Net Income 2021: $600,4772021Revenue 2024: $2,264,428Expenses 2024: $2,686,196Net Income 2024: -$421,7682024Revenue 2025: $1,895,558Expenses 2025: $1,420,587Net Income 2025: $474,9712025

Highlighted filing

2024

Revenue$2,264,428
Expenses$2,686,196
Net Income-$421,768
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jan 17, 2025
Return Version
2023v6.0
Gross Receipts
$2,264,428
Mission and Program Overview

Mission

We envision the day when every young person has access to high-quality, out-of-school learning experiences that give them the skills, confidence, and midset to advocate for their own success. To achieve its vision, discoveru helps youth successfully apply and gain admission to and complete high-quality, out-of-school learning experiences and advocates for the inclusion of experiential learning in the policies and practices of educational systems.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,131,506$307,816▼ $823,690
Pledges and Grants Receivable-$150,000-
Accounts Receivable$54,582$60,582▲ $6,000
Prepaid Expenses and Deferred Charges$31,752$4,813▼ $26,939
Land, Buildings, and Equipment, Net$7,297$4,465▼ $2,832
Total Assets$1,257,857$540,291▼ $717,566
Other Assets Total$32,720$12,615▼ $20,105
Liabilities
Deferred Revenue$255,273$0▼ $255,273
Other Liabilities$32,160$12,412▼ $19,748
Accounts Payable and Accrued Expenses$31,578$10,800▼ $20,778
Total Liabilities$319,011$23,212▼ $295,799
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$938,846$517,079▼ $421,767
Total Net Assets Fund Balance$938,846$517,079▼ $421,767
Total Liabilities and Net Assets / Fund Balance$1,257,857$540,291▼ $717,566

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,465$9,694$14,159
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
George VanderveerExecutive Director - FormerFT$128,101$128,101
Ashley WillettExecutive DirectorFT$100,920$100,920

Board Members and Trustees

NameTitle
Charles Munsell IvChair
Karly BuchananVice Chair
Andrew KapralDirector
Francis LimDirector
Holly PriceDirector
Megan GallDirector
Mudit KapurDirector
Sineria OrdonezDirector
Victoria AndrewsDirector
Lyn GreenwoodSecretary
Jamie BaileyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,130,668
Program Service Revenue
$1,133,760
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,130,668
Change in Net Assets
$-421,768

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,264,428
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,264,428
Total Revenue per Form 990
$2,264,428
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,589,145
Salaries, Compensation, and Employee Benefits$1,097,051
Total Fundraising Expense$308,285
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$477,394$71,566$125,088$674,048
Current Officers, Directors, Trustees, and Key Employees$47,267$42,780$123,893$213,940
Payroll Taxes$82,331$17,943$39,071$139,345
Fees for Services Other-$102,156-$102,156
Information Technology$74,049$3,950-$77,999
Other Employee Benefits$41,192$8,978$19,548$69,718
Office Expenses-$36,428-$36,428
Occupancy-$28,995-$28,995
Insurance-$25,499-$25,499
Depreciation Depletion-$22,937-$22,937
Advertising-$19,677-$19,677
Fees for Services Accounting-$5,400-$5,400
Conferences and Meetings-$5,149-$5,149
Interest-$1,634-$1,634
Travel-$1,194-$1,194
Other Expenses$230,362$1,153-$1,153
All Other Expenses--$685$685
Total Functional Expenses$1,979,485$398,426$308,285$2,686,196

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,686,196
Total Expenses per Audited Statements$2,686,196
Total Expenses per Form 990$2,686,196
Expenses Not Reported on Financial Statements$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Operating Lease Obligation$12,412
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The form 990 is reviewed by the executive director and is made available to all governing directors for review prior to its filing with the irs.

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

All conflict of interest policies are listed in the organizational bylaws

Form 990, Part VI, Section B, Line 15

Discoveru's governing body must approve the compensation package for the executive director and approve the overall staff budget annually. The board compares organization salaries to industry standards for similar organizations to determine all staff salary amounts.

Form 990, Part VI, Section C, Line 19

Discoveru provides financial statements to be added to the agenda and minutes for bi-monthly board meetings. All policies are included in the organizational bylaws. The minutes and bylaws are furnished upon request.

Filing and Contact Details

Filer

Filer Name
Discoveru
EIN
26-2053733
Phone
3463277510
Address
7676 HILLMONT ST 320, HOUSTON, TX 77040

Signing Officer

Name
Ashley Willett
Title
Executive Director
Phone
8327913567
Signed
2025-01-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ashley Willett
Formed
2008
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
23
Volunteers
20

Preparer

Firm
Pittsford Samuels Pllc
Address
1776 YORKTOWN SUITE 530, HOUSTON, TX 77056
Preparer
Nancy a Mack
Phone
7139776888
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08978
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt041192
IRS990/OtherEmployeeBenefitsGrp/TotalAmt069718
IRS990/OtherExpensesGrp/Desc0FLO STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc1TFI STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc2PRINTING AND COPYING
IRS990/OtherExpensesGrp/Desc3BANK AND CREDIT CARD FE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02987
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11153
IRS990/OtherExpensesGrp/ProgramServicesAmt01026890
IRS990/OtherExpensesGrp/ProgramServicesAmt1230362
IRS990/OtherExpensesGrp/TotalAmt01026890
IRS990/OtherExpensesGrp/TotalAmt1230362
IRS990/OtherExpensesGrp/TotalAmt22987
IRS990/OtherExpensesGrp/TotalAmt31153
IRS990/OtherLiabilitiesGrp/BOYAmt032160
IRS990/OtherLiabilitiesGrp/EOYAmt012412
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0125088
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt071566
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0477394
IRS990/OtherSalariesAndWagesGrp/TotalAmt0674048
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt039071
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt017943
IRS990/PayrollTaxesGrp/ProgramServicesAmt082331
IRS990/PayrollTaxesGrp/TotalAmt0139345
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0150000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031752
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04813
IRS990/PrincipalOfficerNm0ASHLEY WILLETT
IRS990/PriorPeriodAdjustmentsAmt01
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE/FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01133760
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01133760
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FELLOWSHIP INITIATIVE (TFI) PROGRAM IS A COHORT-BASED MENTORSHIP PROGRAM THAT SEEKS TO CONNECT YOUNG MEN OF COLOR TO POSTSECONDARY EDUCATION. TFI FELLOWS MEET WEEKLY DURING THE SCHOOL YEAR WITH DISCOVERU STAFF TO RECEIVE TUTORING, TEST PREP, AND COLLEGE ACCESS SERVICES. DURING THE SUMMER TFI FELLOWS PARTICIPATE IN COLLEGE AND CAREER PREPARATORY PROGRAMS WE CALL FLOS. THE GOALS OF THE PROGRAM ARE FOR THE COHORT TO ACHIEVE 100% HIGH SCHOOL GRADUATION AND 100% ACCEPTANCE INTO A POST-SECONDARY EDUCATION PROGRAM
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0288698
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0102869
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0172458
IRS990/PYOtherRevenueAmt0-689
IRS990/PYProgramServiceRevenueAmt066727
IRS990/PYRevenuesLessExpensesAmt0-227625
IRS990/PYSalariesCompEmpBnftPaidAmt0224074
IRS990/PYTotalExpensesAmt0396532
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0168907
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-421768
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01133760
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01130668
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0483640
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01074116
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01057570
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0610804
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04356798
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt06500871
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.38690
IRS990ScheduleA/PublicSupportPY170Pct00.49550
IRS990ScheduleA/PublicSupportTotal170Amt01685431
IRS990ScheduleA/SubstantialContributorsTotAmt02671367
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01130668
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0483640
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01074116
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01057570
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0610804
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04356798
IRS990ScheduleA/TotalSupportAmt04356798
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/BookValueAmt04465
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09694
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014159
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02686196
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012412
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL OPERATING LEASE OBLIGATION
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02264428
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04465
IRS990ScheduleD/TotalExpensesPerForm990Amt02686196
IRS990ScheduleD/TotalLiabilityAmt012412
IRS990ScheduleD/TotalRevenuePerForm990Amt02264428
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02264428
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02686196
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND IS MADE AVAILABLE TO ALL GOVERNING DIRECTORS FOR REVIEW PRIOR TO ITS FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL CONFLICT OF INTEREST POLICIES ARE LISTED IN THE ORGANIZATIONAL BYLAWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DISCOVERU'S GOVERNING BODY MUST APPROVE THE COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR AND APPROVE THE OVERALL STAFF BUDGET ANNUALLY. THE BOARD COMPARES ORGANIZATION SALARIES TO INDUSTRY STANDARDS FOR SIMILAR ORGANIZATIONS TO DETERMINE ALL STAFF SALARY AMOUNTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DISCOVERU PROVIDES FINANCIAL STATEMENTS TO BE ADDED TO THE AGENDA AND MINUTES FOR BI-MONTHLY BOARD MEETINGS. ALL POLICIES ARE INCLUDED IN THE ORGANIZATIONAL BYLAWS. THE MINUTES AND BYLAWS ARE FURNISHED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01257857
IRS990/TotalAssetsEOYAmt0540291
IRS990/TotalAssetsGrp/BOYAmt01257857
IRS990/TotalAssetsGrp/EOYAmt0540291
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01130668
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0308285
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0398426
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01979485
IRS990/TotalFunctionalExpensesGrp/TotalAmt02686196
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0319011
IRS990/TotalLiabilitiesEOYAmt023212
IRS990/TotalLiabilitiesGrp/BOYAmt0319011
IRS990/TotalLiabilitiesGrp/EOYAmt023212
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0938846
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0517079
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01979485
IRS990/TotalProgramServiceRevenueAmt01133760
IRS990/TotalReportableCompFromOrgAmt0229021
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01133760
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02264428
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020

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