Civic Intelligence

Texas Impact Education Fund

990 • Fiscal year 2016 • EIN 74-2989021

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

221 E 9th StreetAustin, TX 78701

(512) 472-3930

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.03x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

91st percentile

1.35x

Higher debt load relative to revenue than 91% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

38th percentile

-0.6%

Higher net margin than 38% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

100th percentile

228320%

Faster asset growth than 100% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2016

Assets

Up

$847,437

Up $847,066 (+228320%) from 2015

Net Assets

Down

-$23,864

Down $24,235 (-6532%) from 2015

Liabilities

$871,301

No earlier filing loaded for comparison.

Revenue

Up

$643,579

Up $643,579 from 2015

Expenses

$647,677

No earlier filing loaded for comparison.

Net Income

-$4,098

No earlier filing loaded for comparison.

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

2016

Assets$847,437
Liabilities$871,301
Net Assets-$23,864

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

2016

Revenue$643,579
Expenses$647,677
Net Income-$4,098
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$643,579
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$785,910$764,206▼ $21,704
Cash and Non-Interest-Bearing Accounts$17,158$39,884▲ $22,726
Accounts Receivable$19,227$3,054▼ $16,173
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$862,589$847,437▼ $15,152
Other Assets Total$40,294$40,293▼ $1
Liabilities
Mortgage Notes Payable Secured by Investment Property$825,000$825,000→ $0
Accounts Payable and Accrued Expenses$57,355$46,301▼ $11,054
Total Liabilities$882,355$871,301▼ $11,054
Net Assets / Fund Balance
Unrestricted Net Assets$-19,766$-23,864▼ $4,098
Total Net Assets Fund Balance$-19,766$-23,864▼ $4,098
Total Liabilities and Net Assets / Fund Balance$862,589$847,437▼ $15,152

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$763,150$62,807$825,957
Equipment$1,056$5,148$6,204
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$601,414
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$42,165
All Other Contributions
$601,414
Change in Net Assets
$-4,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$366,404
Salaries, Compensation, and Employee Benefits$281,273
Total Fundraising Expense$30,065
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$248,633$19,584$13,056$281,273
Fees for Services Other$81,281$6,402$4,268$91,951
Occupancy$37,252$2,934$1,956$42,142
Depreciation Depletion$19,185$1,511$1,008$21,704
Information Technology$17,325$1,364$910$19,599
Conferences and Meetings$15,596$1,228$819$17,643
Office Expenses$694$55$36$785
Other Expenses$485$38$26$549
All Other Expenses$371$29$20$420
Insurance$88$7$5$100
Advertising$44$4$2$50
Total Functional Expenses$572,518$45,094$30,065$647,677
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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, Line 11B: Form 990 Review Process

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, Line 15A: Compensation Review & Approval Process - CEO, Top Management

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, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

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, Line 19: Other Organization Documents Publicly Available

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
Address
221 E 9th Street, Austin, TX 78701

Signing Officer

Name
Bee Moorhead
Title
Executive Direc
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
10
Employees
11

Preparer

Firm
Aaron W GamesCPA PLLC
Address
7000 N Mopac Exwy Ste 200, Austin, TX 78731
Preparer
Aaron Games
Phone
5122580555
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IRS990/MissionDesc0The 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0825000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0825000
IRS990/NetAssetsOrFundBalancesBOYAmt0-19766
IRS990/NetAssetsOrFundBalancesEOYAmt0-23864
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt042165
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt042165
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt01956
IRS990/OccupancyGrp/ManagementAndGeneralAmt02934
IRS990/OccupancyGrp/ProgramServicesAmt037252
IRS990/OccupancyGrp/TotalAmt042142
IRS990/OfficeExpensesGrp/FundraisingAmt036
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt055
IRS990/OfficeExpensesGrp/ProgramServicesAmt0694
IRS990/OfficeExpensesGrp/TotalAmt0785
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt040294
IRS990/OtherAssetsTotalGrp/EOYAmt040293
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3Printing and Publications
IRS990/OtherExpensesGrp/FundraisingAmt07776
IRS990/OtherExpensesGrp/FundraisingAmt1117
IRS990/OtherExpensesGrp/FundraisingAmt266
IRS990/OtherExpensesGrp/FundraisingAmt326
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011664
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1176
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt298
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt338
IRS990/OtherExpensesGrp/ProgramServicesAmt0148080
IRS990/OtherExpensesGrp/ProgramServicesAmt12232
IRS990/OtherExpensesGrp/ProgramServicesAmt21252
IRS990/OtherExpensesGrp/ProgramServicesAmt3485
IRS990/OtherExpensesGrp/TotalAmt0167520
IRS990/OtherExpensesGrp/TotalAmt12525
IRS990/OtherExpensesGrp/TotalAmt21416
IRS990/OtherExpensesGrp/TotalAmt3549
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt013056
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt019584
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0248633
IRS990/OtherSalariesAndWagesGrp/TotalAmt0281273
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0514937
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0214654
IRS990/PYRevenuesLessExpensesAmt046337
IRS990/PYSalariesCompEmpBnftPaidAmt0253946
IRS990/PYTotalExpensesAmt0468600
IRS990/PYTotalRevenueAmt0514937
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-4098
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt042165
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0601414
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0643688
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0514937
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0291794
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0312851
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0600201
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02363471
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt02363471
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0643688
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0514937
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0291794
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0312851
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0600201
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02363471
IRS990ScheduleA/TotalSupportAmt02363471
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0763150
IRS990ScheduleD/BuildingsGrp/DepreciationAmt062807
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0825957
IRS990ScheduleD/EquipmentGrp/BookValueAmt01056
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05148
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06204
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0764206
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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/ExplanationTxt2Employment 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/ExplanationTxt3Governing documents, policies, and financial statements are made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false

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
2016Detailed filing. Detailed filing data is available for this year.$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