Civic Intelligence

Texas Impact Education Fund

990 • Fiscal year 2018 • EIN 74-2989021

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

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

94th percentile

1.07x

Higher debt load relative to assets than 94% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

4.52x

Higher debt load relative to revenue than 97% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

94th percentile

60%

Higher net margin than 94% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

78th percentile

21%

Faster asset growth than 78% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

87th percentile

53%

Faster revenue growth than 87% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$936,345

Up $160,338 (+21%) from 2017

Net Assets

Up

-$63,655

Up $133,304 (+68%) from 2017

Liabilities

Up

$1,000,000

Up $27,034 (+2.8%) from 2017

Revenue

Up

$221,377

Up $76,437 (+53%) from 2017

Expenses

Down

$88,073

Down $132,140 (-60%) from 2017

Net Income

Up

$133,304

Up $208,577 (+277%) from 2017

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

2018

Assets$936,345
Liabilities$1,000,000
Net Assets-$63,655

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

2018

Revenue$221,377
Expenses$88,073
Net Income$133,304
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$221,377
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$734,093$713,444▼ $20,649
Cash and Non-Interest-Bearing Accounts$1,621$6,651▲ $5,030
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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$776,007$936,345▲ $160,338
Other Assets Total$40,293$216,250▲ $175,957
Liabilities
Mortgage Notes Payable Secured by Investment Property$825,000$1,000,000▲ $175,000
Accounts Payable and Accrued Expenses$147,966--
Total Liabilities$972,966$1,000,000▲ $27,034
Net Assets / Fund Balance
Unrestricted Net Assets$-196,959$-63,655▲ $133,304
Total Net Assets Fund Balance$-196,959$-63,655▲ $133,304
Total Liabilities and Net Assets / Fund Balance$776,007$936,345▲ $160,338

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$712,388$113,569$825,957
Equipment$1,056$5,148$6,204
Other Assets Org$41,250--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$221,377
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$221,377
Change in Net Assets
$133,304
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$75,842
Salaries, Compensation, and Employee Benefits$12,231
Total Fundraising Expense$3,829
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$25,466$1,863$1,242$28,571
Depreciation Depletion$18,405$1,346$898$20,649
Other Salaries and Wages$10,902$797$532$12,231
Interest$8,813$645$430$9,888
Travel$2,473$181$121$2,775
Other Expenses$931$68$45$1,044
Office Expenses$640$47$31$718
Total Functional Expenses$78,501$5,743$3,829$88,073
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
Yes
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
2019-11-15
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
AWG Hudson & Associates PLLC
Address
3508 Far West Blvd Ste 150, Austin, TX 78731
Preparer
Aaron W Games CPA
Phone
5123282046
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IRS990/OfficeExpensesGrp/FundraisingAmt031
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt047
IRS990/OfficeExpensesGrp/ProgramServicesAmt0640
IRS990/OfficeExpensesGrp/TotalAmt0718
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt040293
IRS990/OtherAssetsTotalGrp/EOYAmt0216250
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2INTERNET
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt0397
IRS990/OtherExpensesGrp/FundraisingAmt168
IRS990/OtherExpensesGrp/FundraisingAmt265
IRS990/OtherExpensesGrp/FundraisingAmt345
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0596
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1102
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt298
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt368
IRS990/OtherExpensesGrp/ProgramServicesAmt08144
IRS990/OtherExpensesGrp/ProgramServicesAmt11390
IRS990/OtherExpensesGrp/ProgramServicesAmt21337
IRS990/OtherExpensesGrp/ProgramServicesAmt3931
IRS990/OtherExpensesGrp/TotalAmt09137
IRS990/OtherExpensesGrp/TotalAmt11560
IRS990/OtherExpensesGrp/TotalAmt21500
IRS990/OtherExpensesGrp/TotalAmt31044
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0532
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0797
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010902
IRS990/OtherSalariesAndWagesGrp/TotalAmt012231
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/PYContributionsGrantsAmt0144940
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt087872
IRS990/PYRevenuesLessExpensesAmt0-75273
IRS990/PYSalariesCompEmpBnftPaidAmt0132341
IRS990/PYTotalExpensesAmt0220213
IRS990/PYTotalRevenueAmt0144940
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0133304
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0221377
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0144940
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0643688
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0514937
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0291794
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01816736
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01816736
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0221377
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0144940
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0643688
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0514937
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0291794
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01816736
IRS990ScheduleA/TotalSupportAmt01816736
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0712388
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0113569
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0825957
IRS990ScheduleD/EquipmentGrp/BookValueAmt01056
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05148
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06204
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0175000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt141250
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Corner Stone
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Texas Methodist Foundation Endowment
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0713444
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0216250
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0776007
IRS990/TotalAssetsEOYAmt0936345
IRS990/TotalAssetsGrp/BOYAmt0776007
IRS990/TotalAssetsGrp/EOYAmt0936345
IRS990/TotalCompGreaterThan150KInd0false

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
2018Detailed filing. Detailed filing data is available for this year.$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