Civic Intelligence

Texas Impact Education Fund

990 • Fiscal year 2014 • EIN 74-2989021

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 13, 2015

200 East 30th StreetAustin, TX 78705

(512) 472-3930

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.97x

Higher debt load relative to assets than 92% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

93rd percentile

1.88x

Higher debt load relative to revenue than 93% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

26th percentile

-5.9%

Higher net margin than 26% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

57th percentile

$33,533

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

28th percentile

-3.5%

Faster asset growth than 28% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

84th percentile

41%

Faster revenue growth than 84% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$855,300

Down $31,172 (-3.5%) from 2013

Net Assets

Down

$24,954

Down $26,242 (-51%) from 2013

Liabilities

Down

$830,346

Down $4,930 (-0.6%) from 2013

Revenue

Up

$442,358

Up $129,507 (+41%) from 2013

Expenses

Up

$468,600

Up $126,392 (+37%) from 2013

Net Income

Up

-$26,242

Up $3,115 (+11%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $41,091Liabilities 2010: $1,166Net Assets 2010: $39,9252010Assets 2011: $28,037Liabilities 2011: $1Net Assets 2011: $28,0362011Assets 2012: $121,871Liabilities 2012: $0Net Assets 2012: $121,8712012Assets 2013: $886,472Liabilities 2013: $835,276Net Assets 2013: $51,1962013Assets 2014: $855,300Liabilities 2014: $830,346Net Assets 2014: $24,9542014Assets 2015: $371Net Assets 2015: $3712015Assets 2016: $847,437Liabilities 2016: $871,301Net Assets 2016: -$23,8642016Assets 2017: $776,007Liabilities 2017: $972,966Net Assets 2017: -$196,9592017Assets 2018: $936,345Liabilities 2018: $1,000,000Net Assets 2018: -$63,6552018Assets 2019: $786,335Liabilities 2019: $997,565Net Assets 2019: -$211,2302019Assets 2020: $813,432Liabilities 2020: $996,401Net Assets 2020: -$182,9692020Assets 2021: $719,286Liabilities 2021: $1,024,999Net Assets 2021: -$305,7132021Assets 2022: $876,685Liabilities 2022: $980,501Net Assets 2022: -$103,8162022Assets 2023: $835,930Liabilities 2023: $959,394Net Assets 2023: -$123,4642023Assets 2024: $814,320Liabilities 2024: $939,735Net Assets 2024: -$125,4152024

Highlighted filing

2014

Assets$855,300
Liabilities$830,346
Net Assets$24,954

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $690,203Expenses 2010: $669,666Net Income 2010: $20,5372010Revenue 2011: $515,457Expenses 2011: $527,346Net Income 2011: -$11,8892011Expenses 2012: $506,1822012Revenue 2013: $312,851Expenses 2013: $342,208Net Income 2013: -$29,3572013Revenue 2014: $442,358Expenses 2014: $468,600Net Income 2014: -$26,2422014Revenue 2015: $02015Revenue 2016: $643,579Expenses 2016: $647,677Net Income 2016: -$4,0982016Revenue 2017: $144,940Expenses 2017: $220,213Net Income 2017: -$75,2732017Revenue 2018: $221,377Expenses 2018: $88,073Net Income 2018: $133,3042018Revenue 2019: $423,582Expenses 2019: $571,157Net Income 2019: -$147,5752019Revenue 2020: $350,821Expenses 2020: $322,560Net Income 2020: $28,2612020Revenue 2021: $275,020Expenses 2021: $397,764Net Income 2021: -$122,7442021Revenue 2022: $857,665Expenses 2022: $655,768Net Income 2022: $201,8972022Revenue 2023: $603,363Expenses 2023: $702,399Net Income 2023: -$99,0362023Revenue 2024: $1,209,943Expenses 2024: $1,125,446Net Income 2024: $84,4972024

Highlighted filing

2014

Revenue$442,358
Expenses$468,600
Net Income-$26,242
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$442,358
Mission and Program Overview

Mission

The purpose of the Corporation is to perform charitable activities within the meaning of internal revenue code section 501(c)3 and Texas Tax Code Section 11.18(c). Specifically, the Corporation generated and disseminated information relating to poverty, peace, and justice in the State of Texas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$829,318$807,614▼ $21,704
Cash and Non-Interest-Bearing Accounts$16,861$7,393▼ $9,468
Total Assets$886,472$855,300▼ $31,172
Other Assets Total$40,293$40,293→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$827,233$825,469▼ $1,764
Accounts Payable and Accrued Expenses$8,043$4,877▼ $3,166
Total Liabilities$835,276$830,346▼ $4,930
Net Assets / Fund Balance
Temporarily Rstr Net Assets$225,668$0▼ $225,668
Unrestricted Net Assets$-174,472$24,954▲ $199,426
Total Net Assets Fund Balance$51,196$24,954▼ $26,242
Total Liabilities and Net Assets / Fund Balance$886,472$855,300▼ $31,172

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$804,448$21,509$825,957
Other Land Buildings$3,166$3,038$6,204
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Bee MoorheadExecutive DirectorFT$33,533$33,533

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$442,358
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$442,358
Change in Net Assets
$-26,242
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$253,946
Other Expenses$214,654
Total Fundraising Expense$24,835
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$209,531$30,956$13,459$253,946
Interest$30,923$4,569$1,986$37,478
Conferences and Meetings$26,757$3,953$1,719$32,429
Fees for Services Other$18,849$2,785$1,211$22,845
Depreciation Depletion$17,908$2,646$1,150$21,704
Occupancy$9,721$1,436$624$11,781
Advertising$3,012$445$193$3,650
Other Expenses$2,227$329$143$2,699
All Other Expenses$2,161$319$139$2,619
Office Expenses$1,645$243$106$1,994
Total Functional Expenses$386,642$57,123$24,835$468,600
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
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
No
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 11

Irs form 990 is presented to executive director for review prior to execution and filing. Executive director consults board of directors with respect to assertions empodied therein prior to filing.

Form 990, Part VI, Section B, Line 15

Employment decisions are deliberated by the board of directors. Compensation is determined by an objective evaluation of market valuations in the market place. Compensation paid is deemed to be market value.

Form 990, Part VI, Section C, Line 19

Governing documents, policies, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Texas Impact Education Fund
EIN
74-2989021
Phone
5124723930
Address
200 EAST 30TH STREET, AUSTIN, TX 78705

Signing Officer

Name
Bee Moorhead
Title
Executive Director
Phone
5124723930
Signed
2015-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bee Moorhead
Formed
2000
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Love & Aaron W Games Pllc
Address
7200 N MOPAC EXPWY STE 260, AUSTIN, TX 78731
Preparer
Aaron W Games CPA
Phone
5123460908
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IRS990/OtherExpensesGrp/ProgramServicesAmt15854
IRS990/OtherExpensesGrp/ProgramServicesAmt22254
IRS990/OtherExpensesGrp/ProgramServicesAmt32227
IRS990/OtherExpensesGrp/TotalAmt067628
IRS990/OtherExpensesGrp/TotalAmt17095
IRS990/OtherExpensesGrp/TotalAmt22732
IRS990/OtherExpensesGrp/TotalAmt32699
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt013459
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt030956
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0209531
IRS990/OtherSalariesAndWagesGrp/TotalAmt0253946
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BEE MOORHEAD
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0312851
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0143384
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-29357
IRS990/PYSalariesCompEmpBnftPaidAmt0198824
IRS990/PYTotalExpensesAmt0342208
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0312851
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-26242
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0442358
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0291794
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0312851
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0600201
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0502971
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0690204
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02398021
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt02398021
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0291794
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0312851
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0600201
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0502971
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0690204
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02398021
IRS990ScheduleA/TotalSupportAmt02398021
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/BuildingsGrp/BookValueAmt0804448
IRS990ScheduleD/BuildingsGrp/DepreciationAmt021509
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0825957
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03166
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03038
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06204
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0807614
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IRS FORM 990 IS PRESENTED TO EXECUTIVE DIRECTOR FOR REVIEW PRIOR TO EXECUTION AND FILING. EXECUTIVE DIRECTOR CONSULTS BOARD OF DIRECTORS WITH RESPECT TO ASSERTIONS EMPODIED THEREIN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EMPLOYMENT DECISIONS ARE DELIBERATED BY THE BOARD OF DIRECTORS. COMPENSATION IS DETERMINED BY AN OBJECTIVE EVALUATION OF MARKET VALUATIONS IN THE MARKET PLACE. COMPENSATION PAID IS DEEMED TO BE MARKET VALUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0225668
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0886472
IRS990/TotalAssetsEOYAmt0855300
IRS990/TotalAssetsGrp/BOYAmt0886472
IRS990/TotalAssetsGrp/EOYAmt0855300
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0442358
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt024835
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt057123
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0386642
IRS990/TotalFunctionalExpensesGrp/TotalAmt0468600
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0835276
IRS990/TotalLiabilitiesEOYAmt0830346
IRS990/TotalLiabilitiesGrp/BOYAmt0835276
IRS990/TotalLiabilitiesGrp/EOYAmt0830346
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt051196
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt024954
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0386642
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0442358
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0886472
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0855300
IRS990/TotReportableCompRltdOrgAmt033533
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-174472
IRS990/UnrestrictedNetAssetsGrp/EOYAmt024954
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0200 EAST 30TH STREET
IRS990/USAddress/CityNm0AUSTIN
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078705
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0TEXASINTERFAITHCENTER.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BEE MOORHEAD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05124723930
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEXAS IMPACT EDUCATION FUND
ReturnHeader/Filer/BusinessNameControlTxt0TEXA

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.94$0.13$1.21$1.13$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.96$0.12$0.60$0.70$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.98$0.10$0.86$0.66$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$1.02$0.31$0.28$0.40$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$1.00$0.18$0.35$0.32$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$1.00$0.21$0.42$0.57$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$1.00$0.06$0.22$0.09$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$0.97$0.20$0.14$0.22$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.87$0.02$0.64$0.65$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.86$0.83$0.02$0.44$0.47$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.89$0.84$0.05$0.31$0.34$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.00$0.12$0.51
2011Summary only. Only limited summary data is available for this year.$0.03$0.00$0.03$0.52$0.53$0.01
2010Summary only. Only limited summary data is available for this year.$0.04$0.00$0.04$0.69$0.67$0.02