Civic Intelligence

Austin Public Education Foundation

EIN 74-2654168 • 501(c)3 • Austin, TX

Profile

AustinEdFundsupportsAustinIndependentSchoolDistrictbydevelopingandstewardingmeaningfulpublicandprivatepartnershipsthatpromoteinnovationandsupportopportunitiesthatprepareAustinISDstudentsforcollege,careerandlife.

4000 S I-35 Frontage RdAustin, TX 78704

austinedfund.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

76th percentile

0.43x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.63x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

60th percentile

9.1%

Higher net margin than 60% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

82nd percentile

22%

Faster asset growth than 82% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

61%

Faster revenue growth than 86% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$7,919,427

Up $1,438,472 (+22%) from 2023

Liabilities

Up

$3,375,494

Up $921,342 (+38%) from 2023

Net Assets

Up

$4,543,933

Up $517,130 (+13%) from 2023

Revenue

Up

$5,328,695

Up $2,026,578 (+61%) from 2023

Expenses

Up

$4,845,510

Up $1,014,244 (+26%) from 2023

Net Income

Up

$483,185

Up $1,012,334 (+191%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2021: $4,200,254Liabilities 2021: $654,895Net Assets 2021: $3,545,3592021Assets 2022: $5,448,825Liabilities 2022: $937,497Net Assets 2022: $4,511,3282022Assets 2023: $6,480,955Liabilities 2023: $2,454,152Net Assets 2023: $4,026,8032023Assets 2024: $7,919,427Liabilities 2024: $3,375,494Net Assets 2024: $4,543,9332024

Highlighted filing

2024

Assets$7,919,427
Liabilities$3,375,494
Net Assets$4,543,933

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2021: $10,676,988Expenses 2021: $7,803,491Net Income 2021: $2,873,4972021Revenue 2022: $4,665,833Expenses 2022: $3,683,350Net Income 2022: $982,4832022Revenue 2023: $3,302,117Expenses 2023: $3,831,266Net Income 2023: -$529,1492023Revenue 2024: $5,328,695Expenses 2024: $4,845,510Net Income 2024: $483,1852024

Highlighted filing

2024

Revenue$5,328,695
Expenses$4,845,510
Net Income$483,185

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$6,601,079
Mission and Program Overview

Mission

Austin ed fund supports austin independent school district by developing and stewarding meaningful public and private partnerships that promote innovation and support opportunities that prepare austin isd students for college, career and life.

Develop and steward meaningful public and private partnerships that promote innovation and support opportunities that prepare austin isd students for college, career and life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,431,776$5,314,091▼ $117,685
Cash and Non-Interest-Bearing Accounts$929,408$1,230,960▲ $301,552
Investments in Publicly Traded Securities-$615,528-
Pledges and Grants Receivable-$522,155-
Prepaid Expenses and Deferred Charges$44,856$157,412▲ $112,556
Accounts Receivable$59,475$59,155▼ $320
Total Assets$6,480,955$7,919,427▲ $1,438,472
Other Assets Total$15,440$20,126▲ $4,686
Liabilities
Deferred Revenue$2,434,181$3,259,875▲ $825,694
Accounts Payable and Accrued Expenses$19,971$115,619▲ $95,648
Total Liabilities$2,454,152$3,375,494▲ $921,342
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,391,787$2,658,260▲ $266,473
Net Assets Without Donor Restrictions$1,635,016$1,885,673▲ $250,657
Total Net Assets Fund Balance$4,026,803$4,543,933▲ $517,130
Total Liabilities and Net Assets / Fund Balance$6,480,955$7,919,427▲ $1,438,472

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$218,046-▲ $27,054-$245,100
2023$178,000-▲ $40,046-$218,046
2022-$178,000--$178,000
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Tntp INCSupport Service500 7TH AVENUE 8TH FLOOR, New York, NY 10018$660,668
Heritage Tree Care LLCTree Planting12214 MARGO DRIVE, Buda, TX 78610$342,189
M Williams ConsultingSupport Service2816 WOOLDRIDGE DRIVE, Austin, TX 78703$166,547
Revenue and Support

Revenue Composition

Contributions and Grants
$5,161,715
Program Service Revenue
$0
Investment Income
$268,230
Other Revenue
$-101,250
All Other Contributions
$4,577,972
Change in Net Assets
$483,185

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded11,015$1,169,958Market Value
Other Non Cash Contri Table5,054$81,750Donor Value
Other Non Cash Contri Table300$16,125Donor Value
Total Noncash Contributions16,369$1,267,833-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,328,695
Revenue Not Reported on Form 990
$405,228
Total Revenue per Audited Statements
$5,733,923
Total Revenue per Form 990
$5,328,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,255,879
Grants and Similar Amounts Paid$589,631
Total Fundraising Expense$159,587
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$589,631--$589,631
Fees for Services Other$136,329$41,947$43,536$221,812
Other Expenses$127,619--$127,619
Advertising--$99,950$99,950
Fees for Services Accounting-$65,000-$65,000
Conferences and Meetings-$15,308$15,307$30,615
Office Expenses$18,958$1,107$794$20,859
Travel-$5,315-$5,315
Insurance-$4,828-$4,828
Total Functional Expenses$4,552,418$133,505$159,587$4,845,510

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,216,793
Expenses per Audited Statements$4,845,510
Total Expenses per Form 990$4,845,510
Expenses Not Reported on Form 990$371,283
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Austin Independent School DistrictAustin, TX-Grant to Schools$453,473
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$102,425
Fundraising Gross Income$1,175
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Inspire the Fut$584,918$1,175$28,045$-26,870
Total Events$584,918$1,175$102,425$-101,250
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 was reviewed by the treasurer and cfo with the preparing cpa. The return is provided to the full board for input prior to filing.

Form 990, Page 6, Part VI, Line 12C

The board reviews criteria and affiliations of each new potential member and they are asked to notify staff and board of any new potential conflicts if/when they arise.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy, and financial statements are available to the public by request. The organization also publishes an annual report that is made available on its website.

Form 990, Part VII

Michelle wallis is an austin independent school district employee and they provide her salary for her time spent on austin public education fund. Michelle reported a salary of 148,713 and benefits of 21,519 during the year. Of that amount, 25 percent is allocated to austin education fund as in-kind support.

Filing and Contact Details

Filer

Filer Name
Austin Public Education Foundation
EIN
74-2654168
Phone
5124141700
Address
4000 S I-35 FRONTAGE RD, AUSTIN, TX 78704
Doing Business As
Austin Ed Fund

Signing Officer

Name
Michelle Wallis
Title
Executive Director
Phone
5124141700
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Wallis
Formed
1993
Legal Domicile
TX
Voting Board Members
29
Independent Board Members
29
Employees
0
Volunteers
41

Preparer

Firm
Reynolds & Franke Pc
Address
6836 AUSTIN CENTER BLVD STE 190, AUSTIN, TX 78731
Preparer
Ronald H Reynolds CPA
Phone
5122063141
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Austin ed fund supports austin independent school district by developing and stewarding meaningful public and private partnerships that promote innovation and support opportunities that prepare austin isd students for college, career and life.

Form 990, Page 2, Part III, Line 4B

Early literacy and numeracy: literacy and numeracy are the cornerstones of long-term academic and life success. Austin ed fund's efforts in the area reach more than 30,000 students k-5 and 2,000 educators across 79 elementary schools. The initiative strengthens instruction by pairing high-quality instructional materials with ongoing professional learning for teachers and school leaders. Principals, assistant principals, and instructional coaches participate in job-embedded coaching and structured learning communities that enhance their ability to guide instruction. Six lighthouse schools serve as demonstration sites, sharing effective practices that are then scaled districtwide. These combined efforts ensure that students are receiving consistent, evidence-based instruction in reading and math, grounded in the science of learning. When these core skills are strong, students are more likely to thrive throughout their academic careers and beyond.

Form 990, Page 2, Part III, Line 4C

College and career readiness (ccr): aims to increase student awareness by expanding college and industry workplace visits across the district. These efforts are designed to position students for post-secondary success. College and industry visits give students exposure to what's possible by helping them imagine themselves in different settings and careers. The summer internship program provides students paid opportunities that help them gain professional experience with local business and non-profits that are aligned to austin isd career and technology education clusters. Over 100 students have participated in this program to date. The post-secondary gap fund launched this summer and provides small emergency grants to austin isd graduates in pursuit of their post-secondary dreams. Our first student to receive funding was able to use the resources to assist in moving and travel expenses required to attend college out-of-state.

Financial Statement Notes

Schedule D, Page 3, Part X

The most significant tax positions of austin ed fund are its assertion that it is exempt from income taxes and its determination of whether any amounts are subject to unrelated business income tax (ubit). Management has determined that austin ed fund had no activities subject to ubit during the year ended december 31, 2024. All significant tax positions have been considered by management and it has determined that it is more likely than not that all tax positions would be sustained upon examination by taxing authorities.

Schedule D, Page 4, Part XI, Line 2D

Direct fundraising expenses 101,425

Schedule D, Page 4, Part XII, Line 2D

Direct fundraising expenses 101,425

Schedule D, Page 4, Part XIII

Austin ed funds endowment is donor-restricted as a permanent endowment to provide ongoing support for its mission. The endowment fund was created through the wells fargo neighborhood lift local initiative grant program. This endowment is intended to provide a permanent corpus from which the income and/or interest from the principal of the endowment is to be used at the discretion of austin ed fund.

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