Civic Intelligence

Texas Impact Education Fund

990 • Fiscal year 2022 • EIN 74-2989021

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 28, 2023

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

95th percentile

1.12x

Higher debt load relative to assets than 95% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

1.14x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

74th percentile

24%

Higher net margin than 74% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

75th percentile

22%

Faster asset growth than 75% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

94th percentile

212%

Faster revenue growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$876,685

Up $157,399 (+22%) from 2021

Net Assets

Up

-$103,816

Up $201,897 (+66%) from 2021

Liabilities

Down

$980,501

Down $44,498 (-4.3%) from 2021

Revenue

Up

$857,665

Up $582,645 (+212%) from 2021

Expenses

Up

$655,768

Up $258,004 (+65%) from 2021

Net Income

Up

$201,897

Up $324,641 (+264%) 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$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

2022

Assets$876,685
Liabilities$980,501
Net Assets-$103,816

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

2022

Revenue$857,665
Expenses$655,768
Net Income$201,897
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 28, 2023
Return Version
2022v5.0
Gross Receipts
$857,665
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$651,497$630,848▼ $20,649
Cash and Non-Interest-Bearing Accounts$23,426$199,474▲ $176,048
Accounts Receivable-$2,000-
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$719,286$876,685▲ $157,399
Other Assets Total$44,363$44,363→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$996,215$978,252▼ $17,963
Accounts Payable and Accrued Expenses$28,763$2,263▼ $26,500
Other Liabilities$21$-14▼ $35
Total Liabilities$1,024,999$980,501▼ $44,498
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-305,713$-103,816▲ $201,897
Total Net Assets Fund Balance$-305,713$-103,816▲ $201,897
Total Liabilities and Net Assets / Fund Balance$719,286$876,685▲ $157,399

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$629,792$196,165$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
$823,312
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$34,353
All Other Contributions
$823,312
Change in Net Assets
$201,897
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$648,978
Total Fundraising Expense$28,508
Salaries, Compensation, and Employee Benefits$6,790
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$55,440$4,054$2,705$62,199
Interest$42,934$3,141$2,094$48,169
Other Expenses$39,877$2,917$1,945$44,739
Travel$23,537$1,722$1,148$26,407
Depreciation Depletion$18,405$1,346$898$20,649
Office Expenses$5,022$367$245$5,634
Other Employee Benefits$3,378$247$165$3,790
Insurance$2,778$203$136$3,117
Other Salaries and Wages$2,674$196$130$3,000
Occupancy$2,648$194$129$2,971
Fees for Services Accounting$1,827$134$89$2,050
Total Functional Expenses$584,503$42,757$28,508$655,768
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$-14
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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 11B

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 15A

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 B, Line 15B

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
Address
200 East 30th Street, Austin, TX 78705

Signing Officer

Name
Bee Moorhead
Title
Executive Direc
Signed
2023-09-28
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/NetAssetsOrFundBalancesEOYAmt0-103816
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt034353
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt034353
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-305713
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-103816
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0129
IRS990/OccupancyGrp/ManagementAndGeneralAmt0194
IRS990/OccupancyGrp/ProgramServicesAmt02648
IRS990/OccupancyGrp/TotalAmt02971
IRS990/OfficeExpensesGrp/FundraisingAmt0245
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0367
IRS990/OfficeExpensesGrp/ProgramServicesAmt05022
IRS990/OfficeExpensesGrp/TotalAmt05634
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt044363
IRS990/OtherAssetsTotalGrp/EOYAmt044363
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0165
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0247
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03378
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03790
IRS990/OtherExpensesGrp/Desc0CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2Professional Fees
IRS990/OtherExpensesGrp/Desc3Digital Engagement
IRS990/OtherExpensesGrp/FundraisingAmt013590
IRS990/OtherExpensesGrp/FundraisingAmt12636
IRS990/OtherExpensesGrp/FundraisingAmt22598
IRS990/OtherExpensesGrp/FundraisingAmt31945
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020385
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13954
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23897
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32917
IRS990/OtherExpensesGrp/ProgramServicesAmt0278665
IRS990/OtherExpensesGrp/ProgramServicesAmt154047
IRS990/OtherExpensesGrp/ProgramServicesAmt253271
IRS990/OtherExpensesGrp/ProgramServicesAmt339877
IRS990/OtherExpensesGrp/TotalAmt0312640
IRS990/OtherExpensesGrp/TotalAmt160637
IRS990/OtherExpensesGrp/TotalAmt259766
IRS990/OtherExpensesGrp/TotalAmt344739
IRS990/OtherLiabilitiesGrp/BOYAmt021
IRS990/OtherLiabilitiesGrp/EOYAmt0-14
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0130
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0196
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02674
IRS990/OtherSalariesAndWagesGrp/TotalAmt03000
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/PYContributionsGrantsAmt0226564
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0255849
IRS990/PYOtherRevenueAmt048456
IRS990/PYRevenuesLessExpensesAmt0-122744
IRS990/PYSalariesCompEmpBnftPaidAmt0141915
IRS990/PYTotalExpensesAmt0397764
IRS990/PYTotalRevenueAmt0275020
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0201897
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt034353
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0823312
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0275020
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0350821
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0418668
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0221377
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02089198
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04914
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04914
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99770
IRS990ScheduleA/PublicSupportPY170Pct00.99650
IRS990ScheduleA/PublicSupportTotal170Amt02089198
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0823312
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0275020
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0350821
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0418668
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0221377
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02089198
IRS990ScheduleA/TotalSupportAmt02094112
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0629792
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0196165
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0825957
IRS990ScheduleD/EquipmentGrp/BookValueAmt01056
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05148
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06204
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03113
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt141250
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Prepaid Liabilities
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Texas Methodist Foundation Endowment
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0-14
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0630848
IRS990ScheduleD/TotalBookValueOtherAssetsAmt044363
IRS990ScheduleD/TotalLiabilityAmt0-14
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, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2022Detailed filing. Detailed filing data is available for this year.$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