Civic Intelligence

Valor Texas Education Foundation

990 • Fiscal year 2019 • EIN 81-1145945

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 15, 2020

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

44th percentile

0.11x

Higher debt load relative to assets than 44% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

21st percentile

0.04x

Higher debt load relative to revenue than 21% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

81st percentile

24%

Higher net margin than 81% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

43rd percentile

$107,849

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

99th percentile

299%

Faster asset growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

502%

Faster revenue growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$1,959,718

Up $1,468,615 (+299%) from 2018

Net Assets

Up

$1,748,136

Up $1,301,568 (+291%) from 2018

Liabilities

Up

$211,582

Up $167,047 (+375%) from 2018

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin81st percentile

Revenue

Up

$5,317,439

Up $4,433,912 (+502%) from 2018

Expenses

Up

$4,015,871

Up $3,569,488 (+800%) from 2018

Net Income

Up

$1,301,568

Up $864,424 (+198%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

2019

Assets$1,959,718
Liabilities$211,582
Net Assets$1,748,136
Open 2019 Filing

Operations Trend

Revenue Growth99th percentile

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

2019

Revenue$5,317,439
Expenses$4,015,871
Net Income$1,301,568
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.1
Gross Receipts
$5,317,439
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$346,712$1,097,857▲ $751,145
Pledges and Grants Receivable$98,726$602,117▲ $503,391
Prepaid Expenses and Deferred Charges$45,665$45,350▼ $315
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$491,103$1,959,718▲ $1,468,615
Other Assets Total-$214,394-
Liabilities
Accounts Payable and Accrued Expenses$44,535$211,582▲ $167,047
Total Liabilities$44,535$211,582▲ $167,047
Net Assets / Fund Balance
Temporarily Rstr Net Assets$25,000$1,415,271▲ $1,390,271
Unrestricted Net Assets$421,568$332,865▼ $88,703
Total Net Assets Fund Balance$446,568$1,748,136▲ $1,301,568
Total Liabilities and Net Assets / Fund Balance$491,103$1,959,718▲ $1,468,615

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$214,394--
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen GordonCEOFT$105,000$2,849$107,849
Jesse BatesCOOFT$81,290$2,340$83,630

Board Members and Trustees

NameTitle
Adam MullerChair
Daniel ConnellyDirector from 10/18
Thomas HibbsSecretary
Catherine Van ArnamTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
AimEducation Services7410 Blanco Suite 400, San Antonio, TX 78216$110,403
Revenue and Support

Revenue Composition

Contributions and Grants
$5,170,594
Program Service Revenue
$146,845
Investment Income
$0
Other Revenue
$0
All Other Contributions
$948,987
Change in Net Assets
$1,301,568

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,317,439
Total Revenue per Audited Statements
$5,317,439
Total Revenue per Form 990
$5,317,439
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,061,026
Other Expenses$1,953,920
Total Fundraising Expense$38,122
Professional Fundraising Fees$925
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,406,227$111,193$23,162$1,540,582
Occupancy$643,174$33,775$120$677,069
Fees for Services Other$401,798$102,926-$504,724
Current Officers, Directors, Trustees, and Key Employees$189,570$16,921$3,280$209,771
Other Employee Benefits$161,414$29,723$4,488$195,625
Office Expenses$107,939$10,129$3,992$122,060
Pension Plan Contributions$63,858$3,579$888$68,325
Payroll Taxes$41,495$4,829$399$46,723
Insurance$27,317$1,438-$28,755
Fees for Services Legal-$27,926-$27,926
Travel$16,843$7,358$868$25,069
Fees for Services Accounting-$9,020-$9,020
Other Expenses$5,755$4,080-$4,080
Information Technology$1,862$98-$1,960
Fees for Services Professional Fundraising--$925$925
Total Functional Expenses$3,612,152$365,597$38,122$4,015,871

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,015,871
Total Expenses per Audited Statements$4,015,871
Total Expenses per Form 990$4,015,871
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$925
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 Board of Directors determines compensation of the organization's 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
CEO
Signed
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Gordon
Formed
2016
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
50
Volunteers
100

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027-5132
Preparer
Barbara Murphy
Phone
7134395739
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0399
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04829
IRS990/PayrollTaxesGrp/ProgramServicesAmt041495
IRS990/PayrollTaxesGrp/TotalAmt046723
IRS990/PensionPlanContributionsGrp/FundraisingAmt0888
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03579
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt063858
IRS990/PensionPlanContributionsGrp/TotalAmt068325
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt098726
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0602117
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt045665
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt045350
IRS990/PrincipalOfficerNm0Stephen Gordon
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Auxiliary service fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0146845
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0146845
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0883527
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0169710
IRS990/PYRevenuesLessExpensesAmt0437144
IRS990/PYSalariesCompEmpBnftPaidAmt0269185
IRS990/PYTotalExpensesAmt0446383
IRS990/PYTotalProfFndrsngExpnsAmt07488
IRS990/PYTotalRevenueAmt0883527
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01301568
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0146845
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05170594
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0883527
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06054121
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0146845
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt04942368
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleA/SubstantialContributorsTotAmt01111753
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05170594
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0883527
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06054121
IRS990ScheduleA/TotalSupportAmt06054121
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/ExpensesSubtotalAmt04015871
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0214394
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deposit - facility
IRS990ScheduleD/RevenueSubtotalAmt05317439
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0214394
IRS990ScheduleD/TotalExpensesPerForm990Amt04015871
IRS990ScheduleD/TotalRevenuePerForm990Amt05317439
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05317439
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04015871
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/ExplanationTxt0The 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/ExplanationTxt1Each 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/ExplanationTxt2The Board of Directors determines compensation of the organization's 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/ExplanationTxt3Valor 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 VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt025000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01415271
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0491103
IRS990/TotalAssetsEOYAmt01959718
IRS990/TotalAssetsGrp/BOYAmt0491103
IRS990/TotalAssetsGrp/EOYAmt01959718
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05170594
IRS990/TotalEmployeeCnt050
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt038122
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0365597
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03612152
IRS990/TotalFunctionalExpensesGrp/TotalAmt04015871
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt044535

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,959,718
Liabilities
$211,582
Net assets
$1,748,136
Revenue
$5,317,439
Expenses
$4,015,871
Net income
$1,301,568
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