Civic Intelligence

Sss Education Foundation

990 • Fiscal year 2023 • EIN 82-4972119

Sep 01, 2022 to Aug 31, 2023 • Filed on Jul 15, 2024

1412 S Belt Line RoadMesquite, TX 75149

(972) 375-9672

Siviq Scores

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

Liabilities / Assets

94th percentile

1.06x

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

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

15.10x

Higher debt load relative to revenue than 98% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Net Margin

6th percentile

-44%

Higher net margin than 6% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

7th percentile

$133,400

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Asset Growth

94th percentile

54%

Faster asset growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

88th percentile

40%

Faster revenue growth than 88% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Assets

Up

$120,502,376

Up $42,052,837 (+54%) from 2022

Net Assets

Down

-$6,765,029

Down $3,676,020 (-119%) from 2022

Liabilities

Up

$127,267,405

Up $45,728,857 (+56%) from 2022

Revenue

Up

$8,426,492

Up $2,402,170 (+40%) from 2022

Expenses

Up

$12,102,512

Up $4,573,459 (+61%) from 2022

Net Income

Down

-$3,676,020

Down $2,171,289 (-144%) from 2022

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0-$50MAssets 2019: $51,762,990Liabilities 2019: $52,355,000Net Assets 2019: -$592,0102019Assets 2020: $79,730,511Liabilities 2020: $80,395,715Net Assets 2020: -$665,2042020Assets 2021: $79,366,180Liabilities 2021: $80,950,459Net Assets 2021: -$1,584,2792021Assets 2022: $78,449,539Liabilities 2022: $81,538,548Net Assets 2022: -$3,089,0092022Assets 2023: $120,502,376Liabilities 2023: $127,267,405Net Assets 2023: -$6,765,0292023Assets 2024: $118,103,226Liabilities 2024: $126,831,832Net Assets 2024: -$8,728,6062024

Highlighted filing

2023

Assets$120,502,376
Liabilities$127,267,405
Net Assets-$6,765,029

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2019: $55,908Expenses 2019: $541,118Net Income 2019: -$485,2102019Revenue 2020: $788,904Expenses 2020: $915,418Net Income 2020: -$126,5142020Revenue 2021: $3,445,001Expenses 2021: $4,364,076Net Income 2021: -$919,0752021Revenue 2022: $6,024,322Expenses 2022: $7,529,053Net Income 2022: -$1,504,7312022Revenue 2023: $8,426,492Expenses 2023: $12,102,512Net Income 2023: -$3,676,0202023Revenue 2024: $8,157,427Expenses 2024: $10,121,004Net Income 2024: -$1,963,5772024

Highlighted filing

2023

Revenue$8,426,492
Expenses$12,102,512
Net Income-$3,676,020
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Jul 15, 2024
Return Version
2022v5.0
Gross Receipts
$8,426,492
Mission and Program Overview

Mission

The purpose of the corporation is to support meadow oaks education foundation and other charter educational organizations located in the usa, in order to (i) facilitate charter school campus development projects, including designing, financing, holding title to the property and leasing the developments, including collecting rents and paying expenses incidental to such activities, for the purpose of providing affordable facilities for public charter schools at or below market rates, and (ii) facilitate the attainment of higher education by providing college tuition assistance in the form of scholarships and grants for charter school graduates.

The purpose of the corporation is to support meadow oaks education foundation (cont'd on sch. O) and other charter educational organizations located in the usa, in order to (i) facilitate charter school campus development projects, including designing, financing, holding title to the property and leasing the developments, including collecting indirect grants from government agencies and paying expenses incidental to such activities, for the purpose of providing affordable facilities for public charter schools at or below market rates, and (ii) facilitate the attainment of higher education by providing college tuition assistance in the form of scholarships and grants for charter school graduates.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$67,224,793$92,866,470▲ $25,641,677
Cash and Non-Interest-Bearing Accounts$6,374,746$27,635,906▲ $21,261,160
Other Notes and Loans Receivable, Net$4,850,000$0▼ $4,850,000
Total Assets$78,449,539$120,502,376▲ $42,052,837
Liabilities
Tax Exempt Bond Liabilities$70,088,548$126,345,580▲ $56,257,032
Unsecured Notes Loans Payable$11,450,000$921,769▼ $10,528,231
Accounts Payable and Accrued Expenses-$56-
Total Liabilities$81,538,548$127,267,405▲ $45,728,857
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,089,009$-6,765,029▼ $3,676,020
Total Net Assets Fund Balance$-3,089,009$-6,765,029▼ $3,676,020
Total Liabilities and Net Assets / Fund Balance$78,449,539$120,502,376▲ $42,052,837

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$67,457,116$5,372,866$72,829,982
Other Land Buildings$22,509,354-$22,509,354
Land$2,900,000-$2,900,000
Equipment$0$1,507,446$1,507,446
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Shubhamn PandeyChairman/executive DirectorPT$133,400$133,400

Board Members and Trustees

NameTitle
Deependra ChhabraDirector
Brent ParrotSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$7,554,418
Program Service Revenue
$0
Investment Income
$872,074
Other Revenue
$0
All Other Contributions
$4,125
Change in Net Assets
$-3,676,020
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,102,512
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$7,247,887--$7,247,887
Depreciation Depletion$4,759,549--$4,759,549
Insurance$44,023--$44,023
Other Expenses$15,915--$15,915
Total Functional Expenses$12,102,512$0$0$12,102,512
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
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe Industrial Development Authority2019-06-13$128,955,721Property purchases and debt payments

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$128,955,721$81,993,976-$884,081

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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, Section A, Line 2

Shubham pandey has a business relationship with deependra chhabra.

Form 990, Part VI, Section B, Line 11B

A draft of form 990 is provided to the board members and approved prior to filing.

Form 990, Part VI, Section B, Line 12C

Directors, principal officers, and members of committees of the governing board are required to sign an annual statement affirming their understanding of the policy. Periodic reviews are to be undertaken to ensure compliance with the policy.

Form 990, Part VI, Section C, Line 19

Will be mailed upon request.

Filing and Contact Details

Filer

Filer Name
Sss Education Foundation
EIN
82-4972119
Phone
9723759672
Address
1412 S BELT LINE ROAD, MESQUITE, TX 75149

Signing Officer

Name
Shubham Pandey
Title
Executive Director
Phone
9723759672
Signed
2024-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shubham Pandey
Formed
2018
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Laporte Apac
Address
111 VETERANS MEMORIAL BLVD 600, METAIRIE, LA 70005-4958
Preparer
John S Wiles CPA
Phone
5048355522
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IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02019-06-13
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0371745851
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum050376FBU0
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt0128955721
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0THE INDUSTRIAL DEVELOPMENT AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0PROPERTY PURCHASES AND DEBT PAYMENTS
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt036302320
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt09350000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0884081
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt081993976
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt0128955721
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt0425344
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SHUBHAM PANDEY HAS A BUSINESS RELATIONSHIP WITH DEEPENDRA CHHABRA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF FORM 990 IS PROVIDED TO THE BOARD MEMBERS AND APPROVED PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS, PRINCIPAL OFFICERS, AND MEMBERS OF COMMITTEES OF THE GOVERNING BOARD ARE REQUIRED TO SIGN AN ANNUAL STATEMENT AFFIRMING THEIR UNDERSTANDING OF THE POLICY. PERIODIC REVIEWS ARE TO BE UNDERTAKEN TO ENSURE COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WILL BE MAILED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MEADOW OAKS EDUCATION FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0465137310
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03200 OATES DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MESQUITE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd075150
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt070088548
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt0126345580
IRS990/TaxExemptBondsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt078449539
IRS990/TotalAssetsEOYAmt0120502376
IRS990/TotalAssetsGrp/BOYAmt078449539
IRS990/TotalAssetsGrp/EOYAmt0120502376
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt07554418
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt012102512
IRS990/TotalFunctionalExpensesGrp/TotalAmt012102512
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt081538548
IRS990/TotalLiabilitiesEOYAmt0127267405
IRS990/TotalLiabilitiesGrp/BOYAmt081538548
IRS990/TotalLiabilitiesGrp/EOYAmt0127267405
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-3089009
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-6765029
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt012102512
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0872074
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08426492
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt078449539
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0120502376
IRS990/TotReportableCompRltdOrgAmt0133400
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt011450000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0921769
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01412 S BELT LINE ROAD
IRS990/USAddress/CityNm0MESQUITE
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075149
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SHUBHAM PANDEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09723759672
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SSS EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SSSE
ReturnHeader/Filer/EIN0824972119
ReturnHeader/Filer/PhoneNum09723759672
ReturnHeader/Filer/USAddress/AddressLine1Txt01412 S BELT LINE ROAD
ReturnHeader/Filer/USAddress/CityNm0MESQUITE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075149
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721088864
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LAPORTE APAC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 VETERANS MEMORIAL BLVD 600

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