Discoveru
- Assets
- $1.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 14
- Location
- Houston, TX
- Founding
- 07/2008
- Data as of
- 07/2021
- 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 07/2021, Discoveru employed 14 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 07/2021, Discoveru generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.9% each year . All expenses for the organization totaled $1.2m during the year ending 07/2021. While expenses have increased by 24.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE ENVISION THE DAY WHEN ALL YOUNG PEOPLE DEMONSTRATE THE ABILITY TO TRANSLATE THEIR PERSONAL VISION INTO REALITY. TO REALIZE THIS VISION, WE FOCUS OUR EFFORTS ON ONE MISSION; TO PROVIDE RESOURCES AND LEARNING EXPERIENCES THAT BROADEN THE WORLDVIEW OF ECONOMICALLY DISADVANTAGED
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR FANTASTIC LEARNING OPPORTUNITIES (FLO) PROGRAM CONSISTS OF A MULTI-TIERED APPROACH THAT CONNECTS OUR CITY'S MOST DISADVANTAGED YOUTH TO LIFE-CHANGING LEARNING EXPERIENCES IN COLLEGE AND CAREER PREPARATORY PROGRAMS. FUNDED, PLANNED, AND EXECUTED BY A WIDE-RANGE OF COMMUNITY CONSTITUENTS, FLO'S ARE OFTEN UNTAPPED BY LOW-INCOME COMMUNITIES DUE TO 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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Vanderveer Executive Director | Officer | 40 | $101,954 |
Ian Stewart President And Chair | OfficerTrustee | 1 | $0 |
Jamie Bailey Treasurer | OfficerTrustee | 5 | $0 |
Ly Greenwood Secretary | OfficerTrustee | 1 | $0 |
Charles Munsell IV Vice President And Vice Chair | OfficerTrustee | 5 | $0 |
Dr Kimberlin Sturgis Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $46,000 |
| Related organizations | $0 |
| Government grants | $119,467 |
| All other contributions, gifts, grants, and similar amounts not included above | $892,103 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,057,570 |
| Total Program Service Revenue | $718,859 |
| 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 | $42,948 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,819,377 |
| 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. | $104,800 |
| Compensation of current officers, directors, key employees. | $41,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $549,278 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $99,207 |
| Payroll taxes | $48,090 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,502 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,144 |
| Office expenses | $10,794 |
| Information technology | $55,174 |
| Royalties | $0 |
| Occupancy | $30,925 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,015 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $726 |
| Insurance | $6,831 |
| All other expenses | $1,303 |
| Total functional expenses | $1,218,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,147,642 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,250 |
| 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 | $15,604 |
| Net Land, buildings, and equipment | $13,433 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,065 |
| Total assets | $1,218,994 |
| Accounts payable and accrued expenses | $712 |
| Grants payable | $0 |
| Deferred revenue | $352,500 |
| 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 | $134,232 |
| Other liabilities | $0 |
| Total liabilities | $487,444 |
| Net assets without donor restrictions | $731,550 |
| 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 | $1,218,994 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Discoveru has recieved totaling $1,252,639.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Houston Houston, TX PURPOSE: Children and youth education | $995,539 |
Jerry C Dearing Family Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $180,000 |
The Powell Foundation Houston, TX PURPOSE: EDUCATION - CONNECT YOUTH TO SUMMER PROGRAMMING TO INCREASE POSTSECONDARY READINESS | $50,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $25,000 |
Posoli Family Foundation Bellaire, TX PURPOSE: FOR GENERAL PURPOSES | $2,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Meridian Corporation Austin, TX | $22,335,966 | $20,374,244 |
Belle Chasse Academy Inc Belle Chasse, LA | $29,416,847 | $17,545,847 |
Village Tech Schools Duncanville, TX | $32,290,922 | $14,785,373 |
Bexar County Performing Arts Center Foundation San Antonio, TX | $183,646,136 | $8,087,390 |
Leading Educators Inc New Orleans, LA | $10,160,201 | $9,461,961 |
Hispanic Association Of Colleges And Universities San Antonio, TX | $14,909,180 | $14,551,149 |
Passages America Israel Inc Allen, TX | $8,997,691 | $7,060,714 |
Extend-A-Care Inc Austin, TX | $4,350,683 | $9,102,758 |
Educate Girls Austin, TX | $42,960,470 | $14,126,525 |
Evolution Acadamy Richardson, TX | $15,542,643 | $6,925,248 |
Oklahoma Public School Resource Center Inc Oklahoma City, OK | $4,660,216 | $8,536,647 |
Prime Time Family Reading New Orleans, LA | $2,481,247 | $6,549,424 |