Civic Intelligence

Casoro Group Education Foundation

990 • Fiscal year 2022 • EIN 86-3920689

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 20, 2023

9050 N Capital Of Texas Hwy Bld 32Austin, TX 78759

(512) 720-1430

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2022 filings • NTEE B99 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

57th percentile

0.00x

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

2022 filings • NTEE B99 • <$500k nonprofits • Source year 2022

Net Margin

95th percentile

85%

Higher net margin than 95% of similar nonprofits.

2022 filings • NTEE B99 • <$500k nonprofits • Source year 2022

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.

2022 filings • NTEE B99 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

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

Source year 2022

Revenue Growth

Score unavailable

No value available

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

Source year 2022

Assets

$169,257

No earlier filing loaded for comparison.

Net Assets

$169,257

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$146,822

No earlier filing loaded for comparison.

Expenses

$22,098

No earlier filing loaded for comparison.

Net Income

$124,724

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2022: $169,257Liabilities 2022: $0Net Assets 2022: $169,2572022

Highlighted filing

2022

Assets$169,257
Liabilities$0
Net Assets$169,257

Operations Trend

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

$150K$100K$50K$0Revenue 2022: $146,822Expenses 2022: $22,098Net Income 2022: $124,7242022

Highlighted filing

2022

Revenue$146,822
Expenses$22,098
Net Income$124,724
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 20, 2023
Return Version
2022v5.0
Gross Receipts
$219,393
Mission and Program Overview

Mission

Closing the generational wealth gap and increasing diversity in the real estate industry through education, experience, and opportunities.

The specific purpose of casoro group education foundation is to promote and encourage charitable and educational activities and experience in the commercial real estate industry to students in underserved and underrepresented communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$27,799$149,257▲ $121,458
Pledges and Grants Receivable$25,000$20,000▼ $5,000
Total Assets$52,799$169,257▲ $116,458
Liabilities
Accounts Payable and Accrued Expenses$6,266--
Unsecured Notes Loans Payable$2,000--
Total Liabilities$8,266$0▼ $8,266
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$44,533$169,257▲ $124,724
Total Net Assets Fund Balance$44,533$169,257▲ $124,724
Total Liabilities and Net Assets / Fund Balance$52,799$169,257▲ $116,458
Compensation and Service Providers

Board Members and Trustees

NameTitle
Yuen YungPresident / Director
Charles BotchwayDirector
Chirag HathiramaniDirector
Connor Lee-wenDirector
Derith M JarvisDirector
Eddie RodriguezDirector
Faye DedrickDirector
Jessica ChenDirector
Minh TranDirector
Monte Lee-wenDirector
Patrick DendyDirector
Quan CosbyDirector
Sancia DalleyDirector
Sanjay NastaDirector
Sean TateDirector
Sharad MudholDirector
Tommie HaywoodDirector
Jessica Lee-wenSecretary / Director
Nalie Lee-wenTreasurer / Director
Revenue and Support

Revenue Composition

Contributions and Grants
$140,431
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$6,391
All Other Contributions
$62,671
Change in Net Assets
$124,724
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,098
Total Fundraising Expense$620
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$11,768-$11,768
Fees for Services Legal-$5,659-$5,659
Information Technology-$2,419-$2,419
Conferences and Meetings$790--$790
Travel$402--$402
Other Expenses-$190$465$190
Advertising--$155$155
Total Functional Expenses$1,192$20,286$620$22,098
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$78,962
Fundraising Direct Expenses$72,571
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
E Fore Golf Classic$58,800$47,700$26,276$21,424
Whiskey, Wine, & Cheese Event$97,922$31,262$9,320$21,942
Total Events$156,722$78,962$72,571$6,391
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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

Jessica lee-wen (secretary/director), connor lee-wen (director), monte lee-wen (director) and nalie lee-wen (treasurer/director) have a familial relationship.

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

The organization's accounting firm prepares the form 990 and, delivers a draft of it to the president who distributes the draft to each member of the board. Members review and suggest revisions. The president compiles all revisions, if any and presents them to the accounting firm.

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

In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the board and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, the interested person shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists

Form 990, Part VI, Section C, Line 19

The organization will make our governing documents, conflict of interest policy and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Casoro Group Education Foundation
EIN
86-3920689
Phone
5127201430
Address
9050 N CAPITAL OF TEXAS HWY BLD 32, AUSTIN, TX 78759

Signing Officer

Name
Jessica Chen
Title
Treasurer
Phone
5127201430
Signed
2023-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yuen Yung
Formed
2021
Legal Domicile
TX
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
25

Preparer

Firm
Eide Bailly Llp
Address
2355 E CAMELBACK RD STE 900, PHOENIX, AZ 85016-9065
Preparer
Brenda Ann Blunt CPA
Phone
4803151040
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

In support of casoro group education foundation's (cgef) original mission, program services have been expanded beyond the education pillar described in the irs form 1023 application for exemption from income tax to the e4 approach - expose, educate, experience, and earn. The new programs are: expose: casoro group education foundation (cgef) exposes students by speaking at career days and other events. Our goal is to expose students early that real estate investing and all various related professions is how many generate wealth. In addition, we provide high school guidance counselors with materials they need to help their interested students identify the post-secondary schools that provide the real estate industry education and the right career path for those who chose it. Experience: businesses look more favorably on job candidates with prior experience, which makes this increasingly important for cgef to offer to students. Students gain valuable, hands-on experience through internships and benefit from the wisdom of mentors. Earn: graduates are better positioned for job placements and increased earnings with the knowledge, experience, and relationships they gain through the efforts of cgef. Start-up support and guidance is available from cgef for graduates who are entrepreneurs and want to start their own real estate industry-related businesses.

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IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WHISKEY, WINE, & CHEESE EVENT
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IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt036975
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN SUPPORT OF CASORO GROUP EDUCATION FOUNDATION'S (CGEF) ORIGINAL MISSION, PROGRAM SERVICES HAVE BEEN EXPANDED BEYOND THE EDUCATION PILLAR DESCRIBED IN THE IRS FORM 1023 APPLICATION FOR EXEMPTION FROM INCOME TAX TO THE E4 APPROACH - EXPOSE, EDUCATE, EXPERIENCE, AND EARN. THE NEW PROGRAMS ARE: EXPOSE: CASORO GROUP EDUCATION FOUNDATION (CGEF) EXPOSES STUDENTS BY SPEAKING AT CAREER DAYS AND OTHER EVENTS. OUR GOAL IS TO EXPOSE STUDENTS EARLY THAT REAL ESTATE INVESTING AND ALL VARIOUS RELATED PROFESSIONS IS HOW MANY GENERATE WEALTH. IN ADDITION, WE PROVIDE HIGH SCHOOL GUIDANCE COUNSELORS WITH MATERIALS THEY NEED TO HELP THEIR INTERESTED STUDENTS IDENTIFY THE POST-SECONDARY SCHOOLS THAT PROVIDE THE REAL ESTATE INDUSTRY EDUCATION AND THE RIGHT CAREER PATH FOR THOSE WHO CHOSE IT. EXPERIENCE: BUSINESSES LOOK MORE FAVORABLY ON JOB CANDIDATES WITH PRIOR EXPERIENCE, WHICH MAKES THIS INCREASINGLY IMPORTANT FOR CGEF TO OFFER TO STUDENTS. STUDENTS GAIN VALUABLE, HANDS-ON EXPERIENCE THROUGH INTERNSHIPS AND BENEFIT FROM THE WISDOM OF MENTORS. EARN: GRADUATES ARE BETTER POSITIONED FOR JOB PLACEMENTS AND INCREASED EARNINGS WITH THE KNOWLEDGE, EXPERIENCE, AND RELATIONSHIPS THEY GAIN THROUGH THE EFFORTS OF CGEF. START-UP SUPPORT AND GUIDANCE IS AVAILABLE FROM CGEF FOR GRADUATES WHO ARE ENTREPRENEURS AND WANT TO START THEIR OWN REAL ESTATE INDUSTRY-RELATED BUSINESSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JESSICA LEE-WEN (SECRETARY/DIRECTOR), CONNOR LEE-WEN (DIRECTOR), MONTE LEE-WEN (DIRECTOR) AND NALIE LEE-WEN (TREASURER/DIRECTOR) HAVE A FAMILIAL RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S ACCOUNTING FIRM PREPARES THE FORM 990 AND, DELIVERS A DRAFT OF IT TO THE PRESIDENT WHO DISTRIBUTES THE DRAFT TO EACH MEMBER OF THE BOARD. MEMBERS REVIEW AND SUGGEST REVISIONS. THE PRESIDENT COMPILES ALL REVISIONS, IF ANY AND PRESENTS THEM TO THE ACCOUNTING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE INTERESTED PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION WILL MAKE OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$1.69$0.00$1.69$1.47$0.22$1.25