Discoveru
- Assets
- $1.3m
- Revenue
- $168.9k
- Investments
- $0.0
- Employees
- 23
- Location
- Houston, TX
- Founding
- 07/2008
- Data as of
- 09/2023
- EIN
- 26-2053733
Organization Overview
Discoveru is located in Houston, TX. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 09/2023, Discoveru employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discoveru is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Discoveru generated $168.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (25.4%) each year. All expenses for the organization totaled $396.5k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ENVISION THE DAY WHEN EVERY YOUNG PERSON HAS ACCESS TO HIGH-QUALITY, OUT-OF-SCHOOL LEARNING EXPERIENCES THAT GIVE THEM THE SKILLS, CONFIDENCE, AND MIDSET TO ADVOCATE FOR THEIR OWN SUCCESS. TO ACHIEVE ITS VISION, DISCOVERU HELPS YOUTH SUCCESSFULLY APPLY AND GAIN ADMISSION TO AND COMPLETE HIGH-QUALITY, OUT-OF-SCHOOL LEARNING EXPERIENCES AND ADVOCATES FOR THE INCLUSION OF EXPERIENTIAL LEARNING IN THE POLICIES AND PRACTICES OF EDUCATIONAL SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISCOVERU FANTASTIC LEARNING OPPORTUNITIES (FLO) PROGRAM CONSISTS OF COLLEGE AND CAREER PREPARATORY PROGRAMS THAT ARE INTENSIVE (FLO) AND EXPLORATORY (PREFLO). FUNDED, PLANNED, AND EXECUTED BY A WIDE RANGE OF COMMUNITY CONSTITUENTS, FLO'S ARE OFTEN UNTAPPED BY LOW-INCOME COMMUNITIES DUE TO A LACK OF AWARENESS, SKILL, AND FINANCIAL RESOURCES. OUR PROGRAM SERVICES, DETAILED BELOW, RESPOND TO THESE OBSTACLES: 1. ACCESS TO INFORMATION 2. FINANCIAL SERVICES AND SUPPORT 3. CAPACITY BUILDING FOR SCHOOLS AND DISTRICTS 4. LEADERSHIP SKILLS DEVELOPMENT
THE FELLOWSHIP INITIATIVE (TFI) PROGRAM IS A COHORT-BASED MENTORSHIP PROGRAM THAT SEEKS TO CONNECT YOUNG MEN OF COLOR TO POSTSECONDARY EDUCATION. TFI FELLOWS MEET WEEKLY DURING THE SCHOOL YEAR WITH DISCOVERU STAFF TO RECEIVE TUTORING, TEST PREP, AND COLLEGE ACCESS SERVICES. DURING THE SUMMER TFI FELLOWS PARTICIPATE IN COLLEGE AND CAREER PREPARATORY PROGRAMS WE CALL FLOS. THE GOALS OF THE PROGRAM ARE FOR THE COHORT TO ACHIEVE 100% HIGH SCHOOL GRADUATION AND 100% ACCEPTANCE INTO A POST-SECONDARY EDUCATION PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Munsell IV Chair | OfficerTrustee | 5 | $0 |
Karly Buchanan Vice Chair | OfficerTrustee | 5 | $0 |
Jamie Bailey Treasurer | OfficerTrustee | 5 | $0 |
Ly Greenwood Secretary | OfficerTrustee | 1 | $0 |
Victoria Andrews Director | Trustee | 0.25 | $0 |
Megan Gall Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,112 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,757 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,869 |
| Total Program Service Revenue | $66,727 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$689 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $168,907 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $64,250 |
| Compensation of current officers, directors, key employees. | $21,033 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,516 |
| Payroll taxes | $13,708 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,327 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,866 |
| Advertising and promotion | $1,344 |
| Office expenses | $3,627 |
| Information technology | $10,559 |
| Royalties | $0 |
| Occupancy | $5,066 |
| Travel | $2,418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $637 |
| Interest | $403 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,772 |
| Insurance | $4,600 |
| All other expenses | $0 |
| Total functional expenses | $396,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,131,506 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,582 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,752 |
| Net Land, buildings, and equipment | $7,297 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,720 |
| Total assets | $1,257,857 |
| Accounts payable and accrued expenses | $31,578 |
| Grants payable | $0 |
| Deferred revenue | $255,273 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,160 |
| Total liabilities | $319,011 |
| Net assets without donor restrictions | $938,846 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,257,857 |