Civic Intelligence

The Foundation

990 • Fiscal year 2023 • EIN 92-0742101

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

Organization ProfileN/A
PO Box 341886Austin, TX 78734

(737) 235-6956

Siviq Scores

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

Liabilities / Assets

3rd percentile

0.00x

Higher debt load relative to assets than 3% of similar nonprofits.

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

Liabilities / Revenue

3rd percentile

0.00x

Higher debt load relative to revenue than 3% of similar nonprofits.

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

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

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

Top Officer Pay

5th percentile

$0

Higher top officer pay than 5% of similar nonprofits.

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

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

Asset Growth

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Balance Sheet
Liabilities / Assets3rd percentile

Assets

$202,982,507

No earlier filing loaded for comparison.

Net Assets

$202,937,199

No earlier filing loaded for comparison.

Liabilities

$45,308

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue3rd percentileNet Margin99th percentile

Revenue

$100,110,359

No earlier filing loaded for comparison.

Expenses

$25,385

No earlier filing loaded for comparison.

Net Income

$100,084,974

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.

$300M$200M$100M$0Assets 2023: $202,982,507Liabilities 2023: $45,308Net Assets 2023: $202,937,1992023Assets 2024: $269,949,761Liabilities 2024: $3,989Net Assets 2024: $269,945,7722024

Highlighted filing

2023

Assets$202,982,507
Liabilities$45,308
Net Assets$202,937,199
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$150M$100M$50M$0Revenue 2023: $100,110,359Expenses 2023: $25,385Net Income 2023: $100,084,9742023Revenue 2024: $138,258,450Expenses 2024: $85,557Net Income 2024: $138,172,8932024

Highlighted filing

2023

Revenue$100,110,359
Expenses$25,385
Net Income$100,084,974
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$100,110,359
Mission and Program Overview

Mission

The foundation's mission is to create and operate an independent primary and secondary school and, ultimately, a university dedicated to education at the highest level.

To create schools dedicated to stem education at the highest levels.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$0$202,937,199▲ $202,937,199
Investments Other Securities-$192,793,605-
Cash and Non-Interest-Bearing Accounts-$5,197,401-
Land, Buildings, and Equipment, Net$0$4,907,191▲ $4,907,191
Intangible Assets-$81,310-
Accounts Receivable-$3,000-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$202,982,507▲ $202,982,507
Liabilities
Accounts Payable and Accrued Expenses-$45,308-
Total Liabilities$0$45,308▲ $45,308
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$202,937,199▲ $202,937,199
Total Liabilities and Net Assets / Fund Balance$0$202,982,507▲ $202,982,507

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,176,019-$3,176,019
Land$1,731,172-$1,731,172
Other Securities$192,793,605--
Compensation and Service Providers
Top Officer Pay5th percentile

Board Members and Trustees

NameTitle
Jared BirchallPresident
Steven ChidesterTrustee
Ronald GongSecretary
Teresa HollandTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$99,941,380
Program Service Revenue
$0
Investment Income
$168,978
Other Revenue
$1
All Other Contributions
$99,941,380
Change in Net Assets
$100,084,974

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded736,500$89,941,380Average of High/low
Total Noncash Contributions736,500$89,941,380-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$25,385
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
Fees for Services Legal-$23,274-$23,274
Insurance$1,072--$1,072
Other Expenses$517$423-$423
Fees for Services Other-$99-$99
Total Functional Expenses$1,589$23,796$0$25,385
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
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
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, Section A, Line 2

“Two of the trustees are business partners.”

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

“The form 990 was prepared by the school's accountant and reviewed by the board. At this time, the form 990 was reviewed in detail and approved for submission to the internal revenue service.”

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

“Each trustee and officer has signed a statement affirming that he/she has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with such policy, and agrees that the organization may only engage in activities that accomplish one or more of its exempt purposes. Thereby, each trustee and officer has acknowledged a duty to disclose actual or potential conflicts of interest as they arise. The school regularly and consistently monitors to determine whether any such actual or potential conflicts of interest are disclosed or exist.”

Form 990, Part VI, Section B, Line 15

“The foundation currently has no compensated officers, trustees, or key employees. If and when the foundation compensates its officers, trustees, or key employees, any such compensation decision will be made by independent persons, using comparability data, with contemporaneous substantiation of the deliberation and decision.”

Form 990, Part VI, Section C, Line 19

“The foundation makes available to the public upon request the following governing documents: - internal revenue service tax determination letter - filed form 1023 - filed form 990 for the three most recent fiscal years”

Filing and Contact Details

Filer

Filer Name
The Foundation
EIN
92-0742101
Phone
7372356956
Address
PO BOX 341886, AUSTIN, TX 78734
Doing Business As
The X Foundation

Signing Officer

Name
Jared Birchall
Title
President
Phone
7372356956
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jared Birchall
Formed
2021
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Catalyst Family Office LLC
Address
5113 SOUTHWEST PARKWAY SUITE 275, AUSTIN, TX 78735
Preparer
Ronald F Gong
Phone
3258993143
Raw XML Appendix341 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt045308
IRS990/AccountsReceivableGrp/EOYAmt03000
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO CREATE SCHOOLS DEDICATED TO STEM EDUCATION AT THE HIGHEST LEVELS.
IRS990/AllOtherContributionsAmt099941380
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum07372356956
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 341886
IRS990/BooksInCareOfDetail/USAddress/CityNm0AUSTIN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd078734
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt05197401
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt099941380
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0168978
IRS990/CYOtherExpensesAmt025385
IRS990/CYOtherRevenueAmt01
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0100084974
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt025385
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0100110359
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE FOUNDATION IS IN THE PROCESS OF OPENING AN UPPER AND LOWER ELEMENTARY SCHOOL IN BASTROP, TEXAS FOCUSED ON TEACHING STEM SUBJECTS AND OTHER RELATED TOPICS. THE SCHOOL IS CURRENTLY PROJECTED TO OPEN IN AUGUST 2024. THE SCHOOL'S PRIMARY FUNCTION WILL BE FORMAL INSTRUCTION AND CURRICULUM BY A REGULAR FACULTY TO A REGULARLY ENROLLED STUDENT BODY IN BASTOP, TEXAS. DISTANCE LEARNERS MAY BE INCLUDED IN THE FUTURE. THE SCHOOL'S CURRENT CAPACITY IS APPROXIMATELY 54 STUDENTS, AND IT PLANS TO EXPAND BASED ON THE NEEDS OF THE LOCAL COMMUNITY AND ON A TIMELINE THAT PROVIDES FOR QUALITY EDUCATION AND OVERALL EXPERIENCE.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd00
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0THE X FOUNDATION
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01589
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt023274
IRS990/FeesForServicesLegalGrp/TotalAmt023274
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt099
IRS990/FeesForServicesOtherGrp/TotalAmt099
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0JARED BIRCHALL
IRS990/Form990PartVIISectionAGrp/PersonNm1RONALD GONG
IRS990/Form990PartVIISectionAGrp/PersonNm2TERESA HOLLAND
IRS990/Form990PartVIISectionAGrp/PersonNm3STEVEN CHIDESTER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02021
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0100110359
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/ProgramServicesAmt01072
IRS990/InsuranceGrp/TotalAmt01072
IRS990/IntangibleAssetsGrp/EOYAmt081310
IRS990/InvestmentIncomeGrp/ExclusionAmt0168978
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0168978
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0192793605
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04907191
IRS990/LandBldgEquipCostOrOtherBssAmt04907191
IRS990/LegalDomicileStateCd0DE
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION INTENDS TO CREATE AN INDEPENDENT PRIMARY AND SECONDARY SCHOOL AND, ULTIMATELY, A UNIVERSITY DEDICATED TO EDUCATION AT THE HIGHEST LEVEL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesEOYAmt0202937199
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0102852225
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt089941380
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BANK FEES
IRS990/OtherExpensesGrp/Desc1FILING FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0423
IRS990/OtherExpensesGrp/ProgramServicesAmt0517
IRS990/OtherExpensesGrp/TotalAmt0517
IRS990/OtherExpensesGrp/TotalAmt1423
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0LEASEBACK TO SELLER
IRS990/OtherRevenueMiscGrp/ExclusionAmt01
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01
IRS990/OtherRevenueTotalAmt01
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JARED BIRCHALL
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYExcessBenefitTransInd00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0100084974
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0202937199
IRS990ScheduleA/SchoolInd0X
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03176019
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03176019
IRS990ScheduleD/LandGrp/BookValueAmt01731172
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01731172
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0192793605
IRS990ScheduleD/OtherSecuritiesGrp/Desc0736,500 SHARES OF TESLA INC.
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04907191
IRS990ScheduleD/TotalBookValueSecuritiesAmt0192793605
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd00
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd00
IRS990ScheduleE/MaintainRacialCompRecsInd00
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd00
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS CURRENTLY ENGAGED IN ACTIVE PLANNING AND DESIGN OF THE SCHOOL. HOWEVER, SCHOOL OPERATIONS HAVE NOT YET COMMENCED. BEFORE ACCEPTING APPLICATIONS FROM STUDENTS, THE SCHOOL WILL ENSURE IT IS COMPLIANT WITH ALL STATUTORY REQUIREMENTS, INCLUDING PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICIES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt0736500
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0AVERAGE OF HIGH/LOW
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt089941380
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION RECEIVED 736,500 SHARES OF TESLA INC. STOCK
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO OF THE TRUSTEES ARE BUSINESS PARTNERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WAS PREPARED BY THE SCHOOL'S ACCOUNTANT AND REVIEWED BY THE BOARD. AT THIS TIME, THE FORM 990 WAS REVIEWED IN DETAIL AND APPROVED FOR SUBMISSION TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH TRUSTEE AND OFFICER HAS SIGNED A STATEMENT AFFIRMING THAT HE/SHE HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH SUCH POLICY, AND AGREES THAT THE ORGANIZATION MAY ONLY ENGAGE IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS EXEMPT PURPOSES. THEREBY, EACH TRUSTEE AND OFFICER HAS ACKNOWLEDGED A DUTY TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AS THEY ARISE. THE SCHOOL REGULARLY AND CONSISTENTLY MONITORS TO DETERMINE WHETHER ANY SUCH ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ARE DISCLOSED OR EXIST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION CURRENTLY HAS NO COMPENSATED OFFICERS, TRUSTEES, OR KEY EMPLOYEES. IF AND WHEN THE FOUNDATION COMPENSATES ITS OFFICERS, TRUSTEES, OR KEY EMPLOYEES, ANY SUCH COMPENSATION DECISION WILL BE MADE BY INDEPENDENT PERSONS, USING COMPARABILITY DATA, WITH CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION MAKES AVAILABLE TO THE PUBLIC UPON REQUEST THE FOLLOWING GOVERNING DOCUMENTS: - INTERNAL REVENUE SERVICE TAX DETERMINATION LETTER - FILED FORM 1023 - FILED FORM 990 FOR THE THREE MOST RECENT FISCAL YEARS
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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0THE FOUNDATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0BSP 2023 LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0923110785
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt05044014
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0REAL ESTATE HOLDING
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt01
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0PO BOX 341886
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0AUSTIN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd078734
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt0202982507
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0202982507
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt099941380
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023796
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01589
IRS990/TotalFunctionalExpensesGrp/TotalAmt025385
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt045308
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt045308
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0202937199
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01589
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0168979
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0100110359
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0202982507
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 341886
IRS990/USAddress/CityNm0AUSTIN
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078734
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JARED BIRCHALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07372356956
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0THEF
ReturnHeader/Filer/EIN0920742101
ReturnHeader/Filer/PhoneNum07372356956
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 341886
ReturnHeader/Filer/USAddress/CityNm0AUSTIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078734
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0831356013
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CATALYST FAMILY OFFICE LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05113 SOUTHWEST PARKWAY SUITE 275
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AUSTIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078735
ReturnHeader/PreparerPersonGrp/PhoneNum03258993143
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD F GONG
ReturnHeader/ReturnTs02024-05-15T15:35:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JARED
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BIRCHALL
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$202,982,507
Liabilities
$45,308
Net assets
$202,937,199
Revenue
$100,110,359
Expenses
$25,385
Net income
$100,084,974
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$270$0.00$270$138$0.09$138
2023Detailed filing. Detailed filing data is available for this year.$203$0.05$203$100$0.03$100