Civic Intelligence

Texas Art Education Foundation

990EZ • Fiscal year 2018 • EIN 81-4322669

Aug 01, 2017 to Jul 31, 2018 • Filed on Jan 28, 2019

Organization ProfileWWW.TAEA.ORG/TAEA/FOUNDATON.ASP
14070 Proton RdDallas, TX 75244

(972) 233-9107

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

96th percentile

72%

Higher net margin than 96% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

99th percentile

3111%

Faster asset growth than 99% of similar nonprofits.

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

Revenue Growth

100th percentile

4118%

Faster revenue growth than 100% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$90,422

Up $87,606 (+3111%) from 2017

Net Assets

$90,422

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin96th percentile

Revenue

Up

$122,308

Up $119,408 (+4118%) from 2017

Expenses

Up

$34,702

Up $34,618 (+41212%) from 2017

Net Income

Up

$87,606

Up $84,790 (+3011%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$300K$200K$100K$0Assets 2017: $2,816Liabilities 2017: $02017Assets 2018: $90,422Liabilities 2018: $0Net Assets 2018: $90,4222018Assets 2019: $102,731Liabilities 2019: $0Net Assets 2019: $102,7312019Assets 2020: $132,067Liabilities 2020: $0Net Assets 2020: $132,0672020Assets 2021: $165,705Liabilities 2021: $0Net Assets 2021: $165,7052021Assets 2025: $240,835Net Assets 2025: $240,8352025

Highlighted filing

2018

Assets$90,422
Liabilities$0
Net Assets$90,422
Open 2018 Filing

Operations Trend

Revenue Growth100th percentile

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

$150K$100K$50K$0Revenue 2017: $2,900Expenses 2017: $84Net Income 2017: $2,8162017Revenue 2018: $122,308Expenses 2018: $34,702Net Income 2018: $87,6062018Revenue 2019: $43,284Expenses 2019: $30,975Net Income 2019: $12,3092019Revenue 2020: $44,321Expenses 2020: $14,985Net Income 2020: $29,3362020Revenue 2021: $44,135Expenses 2021: $10,497Net Income 2021: $33,6382021Revenue 2025: $53,996Expenses 2025: $29,142Net Income 2025: $24,8542025

Highlighted filing

2018

Revenue$122,308
Expenses$34,702
Net Income$87,606
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2017 to Jul 31, 2018
Signed
Jan 28, 2019
Return Version
2017v2.2
Gross Receipts
$122,308
Mission and Program Overview

Mission

TAEF is the philanthropic arm of the Texas Art Education Association (TAEA). TAEF provides support for a variety of art education programs and promotes, invests and awards grants and scholarships to further the mission of the TAEA and its programs. TAEF's primary purposes are:To promote and advance the teaching of visual arts in the community, museum, elementary, secondary and higher education settings in the state of TexasTo support and assist teachers of visual arts in the state of Texas by awarding grantsTo foster and reward careers in art education through the awarding of scholarships to higher education students engaged in art education programs

The Foundation was initiated by the Texas Art Education Association (TAEA) Council-at-Large with the intent that the Foundation serve as the philanthropic arm of the TAEA to provide support for a variety of art education programs and to promote, invest and award grants and scholarships to further the mission of TAEA and its programs (i.e., VASE, Junior VASE, TEAM, YAM, and future programs). The Foundation was created in 2014 to serve as the charitable auxiliary to the TAEA and incorporated into a separate 501c3 in 2016. The grant and scholarship programs of TAEA will be issued from funds generated from interest on the principal investments of the Foundation. The foundation's primary purposes are:To promote and advance the teaching of visual arts in the community, museum, elementary, secondary and higher education settings in the state of TexasTo support and assist teachers of visual arts in the state of Texas by awarding grantsTo foster and reward careers in art education through the a

Program Services

DescriptionGrantsExpenses
The Texas Art Education Foundation administers scholarships and grant programs for the membership of the Texas Art Education Association.1. Dale Battle Conference Scholarship awarded to a first-year art educator to attend annual conference - $300 scholarship (1-3 recipients annually depending on applications and funds)2. Memorial Scholarships awarded to pre-service university students pursuing art education as their focus - $1000 scholarships (1-7 recipients annually depending on applications).3. Membership Grants awarded to TAEA members to further research, professional learning or special projects with students - $500 grants (1-6 recipients annually depending on applications).4. Joey Doyle VASE Scholarship awarded to a student within the Visual Arts Scholastic Event during State VASE - $500 scholarship (1 recipient annually)5. Jim Henderson Scholarship awarded to a student within the Visual Arts Scholastic Event during State VASE - $500-$1500 scholarship (1-3 recipients annually)6. Christina Rich Scholarship awarded to a student within the Visual Arts Scholastic Event during State VASE - $500 scholarship (1 recipient annually)7. VASE Outstanding Artwork in: Electronic Media / Still Life / Expressive / Landscape Scholarship awarded to a student within the Visual Arts Scholastic Event during State VASE - $500 scholarship (1 recipient annually)8. VASE 2D Scholarship awarded to students within the Visual Arts Scholastic Event during State VASE various amounts (1-15 recipients annually)9. VASE 3D Scholarship awarded to students within the Visual Arts Scholastic Event during State VASE various amounts (1-15 recipients annually)8. VASE Sketchbook Scholarship awarded to students within the Visual Arts Scholastic Event during State VASE $100 scholarship (1-15 recipients annually)$34,568$30,900
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
TIM LOWKEChairman-$0--
SARA CHAPMANTrustee-$0--
JAMI BEVANSTreasurer-$0--
TINA FARRELLTrustee-$0--
ELIZABETH WILLETTTrustee-$0--
SUZANNE GREENESecretary-$0--
Filing and Contact Details

Filer

Filer Name
Texas Art Education Foundation
EIN
81-4322669
Phone
9722339107
Address
14070 PROTON RD, DALLAS, TX 75244

Signing Officer

Name
Tim Lowke
Title
Chairman
Signed
2019-01-28
Discuss with paid preparer
Yes

Preparer

Firm
Sutton Frost Cary LLP
Address
600 Six Flags Dr Suite 600, Arlington, TX 76011
Preparer
Amy Michie
Phone
8176498083
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.2

“| Donee's Name: 78 SCHOLARSHIPS/GRANTS | Cash Amount Given: $30900”

Other Expenses.1002

“Office Expenses $134”

Raw XML Appendix140 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0MADELEINE CROUCH CO
IRS990EZ/BooksInCareOfDetail/PhoneNum09722339107
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt014070 PROTON RD 100
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0DALLAS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd075244
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt02816
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt090422
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0120602
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt087606
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt03600
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt02816
IRS990EZ/Form990TotalAssetsGrp/EOYAmt090422
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GamingGrossIncomeAmt01640
IRS990EZ/GrantsAndSimilarAmountsPaidAmt030900
IRS990EZ/GrossReceiptsAmt0122308
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt066
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt02816
IRS990EZ/NetAssetsOrFundBalancesEOYAmt090422
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt02816
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt090422
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TIM LOWKE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SARA CHAPMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JAMI BEVANS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3TINA FARRELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4ELIZABETH WILLETT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5SUZANNE GREENE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0134
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The Foundation was initiated by the Texas Art Education Association (TAEA) Council-at-Large with the intent that the Foundation serve as the philanthropic arm of the TAEA to provide support for a variety of art education programs and to promote, invest and award grants and scholarships to further the mission of TAEA and its programs (i.e., VASE, Junior VASE, TEAM, YAM, and future programs). The Foundation was created in 2014 to serve as the charitable auxiliary to the TAEA and incorporated into a separate 501c3 in 2016. The grant and scholarship programs of TAEA will be issued from funds generated from interest on the principal investments of the Foundation. The foundation's primary purposes are:To promote and advance the teaching of visual arts in the community, museum, elementary, secondary and higher education settings in the state of TexasTo support and assist teachers of visual arts in the state of Texas by awarding grantsTo foster and reward careers in art education through the a
IRS990EZ/PrintingPublicationsPostageAmt068
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The Texas Art Education Foundation administers scholarships and grant programs for the membership of the Texas Art Education Association.1. Dale Battle Conference Scholarship awarded to a first-year art educator to attend annual conference - $300 scholarship (1-3 recipients annually depending on applications and funds)2. Memorial Scholarships awarded to pre-service university students pursuing art education as their focus - $1000 scholarships (1-7 recipients annually depending on applications).3. Membership Grants awarded to TAEA members to further research, professional learning or special projects with students - $500 grants (1-6 recipients annually depending on applications).4. Joey Doyle VASE Scholarship awarded to a student within the Visual Arts Scholastic Event during State VASE - $500 scholarship (1 recipient annually)5. Jim Henderson Scholarship awarded to a student within the Visual Arts Scholastic Event during State VASE - $500-$1500 scholarship (1-3 recipients annually)6. Christina Rich Scholarship awarded to a student within the Visual Arts Scholastic Event during State VASE - $500 scholarship (1 recipient annually)7. VASE Outstanding Artwork in: Electronic Media / Still Life / Expressive / Landscape Scholarship awarded to a student within the Visual Arts Scholastic Event during State VASE - $500 scholarship (1 recipient annually)8. VASE 2D Scholarship awarded to students within the Visual Arts Scholastic Event during State VASE various amounts (1-15 recipients annually)9. VASE 3D Scholarship awarded to students within the Visual Arts Scholastic Event during State VASE various amounts (1-15 recipients annually)8. VASE Sketchbook Scholarship awarded to students within the Visual Arts Scholastic Event during State VASE $100 scholarship (1-15 recipients annually)
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt034568
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt030900
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt01640
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt034702
IRS990EZ/TotalProgramServiceExpensesAmt034568
IRS990EZ/TotalRevenueAmt0122308
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.TAEA.ORG/TAEA/FOUNDATON.ASP
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0120602
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0123502
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt066
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt066
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0123502
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0120602
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02900
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0123502
IRS990ScheduleA/TotalSupportAmt0123568
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: 78 SCHOLARSHIPS/GRANTS | Cash Amount Given: $30900
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $134
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1002
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM LOWKE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEXAS ART EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0TEXA
ReturnHeader/Filer/EIN0814322669
ReturnHeader/Filer/PhoneNum09722339107
ReturnHeader/Filer/USAddress/AddressLine1Txt014070 PROTON RD
ReturnHeader/Filer/USAddress/CityNm0DALLAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075244
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752593210
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Sutton Frost Cary LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0600 Six Flags Dr Suite 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Arlington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076011
ReturnHeader/PreparerPersonGrp/PhoneNum08176498083
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Amy Michie
ReturnHeader/ReturnTs02019-01-28T10:08:39-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-08-01
ReturnHeader/TaxPeriodEndDt02018-07-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$90,422
Liabilities
$0
Net assets
$90,422
Revenue
$122,308
Expenses
$34,702
Net income
$87,606
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.41$2.41$0.54$0.29$0.25
2021Detailed filing. Detailed filing data is available for this year.$1.66$0.00$1.66$0.44$0.10$0.34
2020Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.32$0.44$0.15$0.29
2019Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.43$0.31$0.12
2018Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$1.22$0.35$0.88
2017Summary only. Only limited summary data is available for this year.$0.03$0.00$0.03$0.00$0.03