Civic Intelligence

Valor Texas Education Foundation

990 • Fiscal year 2018 • EIN 81-1145945

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

Organization Profilewww.valorpublicschools.org
220 Foremost DrAustin, TX 78745

(512) 646-4170

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.09x

Higher debt load relative to assets than 62% of similar nonprofits.

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

Liabilities / Revenue

56th percentile

0.05x

Higher debt load relative to revenue than 56% of similar nonprofits.

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

Net Margin

91st percentile

49%

Higher net margin than 91% of similar nonprofits.

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

Top Officer Pay

63rd percentile

$45,755

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

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

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets62nd percentile

Assets

$491,103

No earlier filing loaded for comparison.

Net Assets

$446,568

No earlier filing loaded for comparison.

Liabilities

$44,535

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin91st percentile

Revenue

$883,527

No earlier filing loaded for comparison.

Expenses

$446,383

No earlier filing loaded for comparison.

Net Income

$437,144

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$200M$150M$100M$50M$0Assets 2018: $491,103Liabilities 2018: $44,535Net Assets 2018: $446,5682018Assets 2019: $1,959,718Liabilities 2019: $211,582Net Assets 2019: $1,748,1362019Assets 2020: $15,281,945Liabilities 2020: $10,660,336Net Assets 2020: $4,621,6092020Assets 2021: $20,040,325Liabilities 2021: $13,700,166Net Assets 2021: $6,340,1592021Assets 2022: $42,600,713Liabilities 2022: $29,055,066Net Assets 2022: $13,545,6472022Assets 2023: $136,716,874Liabilities 2023: $122,184,278Net Assets 2023: $14,532,5962023Assets 2024: $165,019,000Liabilities 2024: $145,420,697Net Assets 2024: $19,598,3032024

Highlighted filing

2018

Assets$491,103
Liabilities$44,535
Net Assets$446,568
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$60M$40M$20M$0Revenue 2018: $883,527Expenses 2018: $446,383Net Income 2018: $437,1442018Revenue 2019: $5,317,439Expenses 2019: $4,015,871Net Income 2019: $1,301,5682019Revenue 2020: $8,017,109Expenses 2020: $5,143,636Net Income 2020: $2,873,4732020Revenue 2021: $11,565,701Expenses 2021: $9,847,151Net Income 2021: $1,718,5502021Revenue 2022: $21,640,709Expenses 2022: $14,411,461Net Income 2022: $7,229,2482022Revenue 2023: $26,534,446Expenses 2023: $25,547,497Net Income 2023: $986,9492023Revenue 2024: $41,223,823Expenses 2024: $36,158,116Net Income 2024: $5,065,7072024

Highlighted filing

2018

Revenue$883,527
Expenses$446,383
Net Income$437,144
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.2
Gross Receipts
$883,527
Mission and Program Overview

Mission

Valor Public Schools creates the highest quality tuition-free charter schools by combining the best of the classical and contemporary educational practice. Our first tuition-free charter school campus is now serving grades K-8 in Austin, Texas.

Valor Public Schools creates the highest quality tuition-free charter schools, educating the whole person for authentic freedom and a full human life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$9,424$346,712▲ $337,288
Pledges and Grants Receivable-$98,726-
Prepaid Expenses and Deferred Charges-$45,665-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$9,424$491,103▲ $481,679
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$44,535-
Total Liabilities$0$44,535▲ $44,535
Net Assets / Fund Balance
Unrestricted Net Assets$9,424$421,568▲ $412,144
Temporarily Rstr Net Assets-$25,000-
Total Net Assets Fund Balance$9,424$446,568▲ $437,144
Total Liabilities and Net Assets / Fund Balance$9,424$491,103▲ $481,679
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen GordonSuperintendentFT$31,250$14,505$45,755
Jesse BatesCOOFT$27,000$14,013$41,013

Board Members and Trustees

NameTitle
David WilliamsChair,President
Adam Muller starting 032018Chairman
Thomas HibbsSecretary
Catherine Van ArnamTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$883,527
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$784,801
Change in Net Assets
$437,144

Audited Revenue Reconciliation

Revenue per Audited Statements
$883,527
Total Revenue per Audited Statements
$883,527
Total Revenue per Form 990
$883,527
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$269,185
Other Expenses$169,710
Total Fundraising Expense$76,514
Professional Fundraising Fees$7,488
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$47,715$95,431$47,715$190,861
Occupancy$10,269$20,538$10,270$41,077
Fees for Services Legal-$36,996-$36,996
Other Salaries and Wages$29,722$2,395$1,197$33,314
Other Employee Benefits$11,031$13,688$6,844$31,563
Information Technology$197$18,372-$18,569
Fees for Services Other-$9,720-$9,720
Payroll Taxes$3,358$4,166$2,083$9,607
Travel-$9,362-$9,362
Fees for Services Professional Fundraising--$7,488$7,488
Office Expenses$150$5,727-$5,877
Pension Plan Contributions$2,248$1,061$531$3,840
Insurance-$1,835-$1,835
Other Expenses$1,620$1,550-$1,550
All Other Expenses--$386$386
Fees for Services Accounting-$353-$353
Total Functional Expenses$132,750$237,119$76,514$446,383

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$446,383
Total Expenses per Audited Statements$446,383
Total Expenses per Form 990$446,383
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$7,488
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
No
Annual disclosure for covered persons
Yes
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
Yes
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

“The organization prepares and drafts Form 990 in conjunction with its accountant and auditors. After the draft is prepared, a board member reviews Form 990 before it is filed.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Each year, board members are asked to complete a conflict of interest form to identify any potential conflicts of interest. If a conflict of interest occurs, the conflicted director is required to abstain from deliberations and voting concerning the matter in conflict.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The organization determines compensation of its officers, top management official, and other key employees by considering compensation of comparable positions at similar organizations, local market factors, and past job performance. If a proposed salary exceeds $150,000, the organization consults legal counsel for a full compensation study in advance.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Valor makes its governing documents, board policies, and financial statements available to the public upon request through a public information request.”

Filing and Contact Details

Filer

Filer Name
Valor Texas Education Foundation
EIN
81-1145945
Phone
5126464170
Address
220 Foremost Dr, Austin, TX 78745

Signing Officer

Name
Stephen Gordon
Title
Superintendent
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Gordon
Formed
2016
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
2
Volunteers
100

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027-5132
Preparer
Jody Blazek
Phone
7134395739
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2: New Services

“Valor Public School began operating in August 2018.”

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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0883527
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0883527
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0179209
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleA/SubstantialContributorsTotAmt0704318
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0883527
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0883527
IRS990ScheduleA/TotalSupportAmt0883527
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0446383
IRS990ScheduleD/RevenueSubtotalAmt0883527
IRS990ScheduleD/TotalExpensesPerForm990Amt0446383
IRS990ScheduleD/TotalRevenuePerForm990Amt0883527
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0883527
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0446383
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The policy is stated in the application section of the school's website. www.valorpublicschools.org/enroll
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Valor Public School began operating in August 2018.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization prepares and drafts Form 990 in conjunction with its accountant and auditors. After the draft is prepared, a board member reviews Form 990 before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each year, board members are asked to complete a conflict of interest form to identify any potential conflicts of interest. If a conflict of interest occurs, the conflicted director is required to abstain from deliberations and voting concerning the matter in conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization determines compensation of its officers, top management official, and other key employees by considering compensation of comparable positions at similar organizations, local market factors, and past job performance. If a proposed salary exceeds $150,000, the organization consults legal counsel for a full compensation study in advance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Valor makes its governing documents, board policies, and financial statements available to the public upon request through a public information request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 2: New Services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0true
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt025000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09424
IRS990/TotalAssetsEOYAmt0491103
IRS990/TotalAssetsGrp/BOYAmt09424
IRS990/TotalAssetsGrp/EOYAmt0491103
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0883527
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt076514
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0237119
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0132750
IRS990/TotalFunctionalExpensesGrp/TotalAmt0446383
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt044535
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt044535
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09424
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0446568
IRS990/TotalOtherCompensationAmt028518
IRS990/TotalProgramServiceExpensesAmt0132750
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt058250
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0883527
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09424
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0491103
IRS990/TravelGrp/ManagementAndGeneralAmt09362
IRS990/TravelGrp/TotalAmt09362
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt09424
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0421568
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0220 Foremost Dr
IRS990/USAddress/CityNm0Austin
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078745
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.valorpublicschools.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Stephen Gordon
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Superintendent
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Valor Texas Education Foundation
ReturnHeader/Filer/BusinessNameControlTxt0VALO
ReturnHeader/Filer/EIN0811145945
ReturnHeader/Filer/PhoneNum05126464170
ReturnHeader/Filer/USAddress/AddressLine1Txt0220 Foremost Dr
ReturnHeader/Filer/USAddress/CityNm0Austin

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$491,103
Liabilities
$44,535
Net assets
$446,568
Revenue
$883,527
Expenses
$446,383
Net income
$437,144
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$165$145$19.6$41.2$36.2$5.07
2023Detailed filing. Detailed filing data is available for this year.$137$122$14.5$26.5$25.5$0.99
2022Detailed filing. Detailed filing data is available for this year.$42.6$29.1$13.5$21.6$14.4$7.23
2021Detailed filing. Detailed filing data is available for this year.$20.0$13.7$6.34$11.6$9.85$1.72
2020Detailed filing. Detailed filing data is available for this year.$15.3$10.7$4.62$8.02$5.14$2.87
2019Detailed filing. Detailed filing data is available for this year.$1.96$0.21$1.75$5.32$4.02$1.30
2018Detailed filing. Detailed filing data is available for this year.$0.49$0.04$0.45$0.88$0.45$0.44