Texas Pioneer Foundation
- Assets
- $59.0m
- Revenue
- $3.4m
- Investments
- $56.3m
- Employees
- 0
- Location
- Texarkana, TX
- Founding
- 01/1980
- Data as of
- 06/2022
- EIN
- 74-1966306
Organization Overview
Texas Pioneer Foundation is located in Texarkana, TX. The organization was established in 1980. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Pioneer Foundation 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 06/2022, Texas Pioneer Foundation generated $3.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 2.4% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXAS EDUCATION FOUNDATION NETWORK SUPPORTS SCHOOL FOUNDATIONS IN TEXAS, PROVIDES NETWORKING OPPORTUNITIES, SHARES BEST PRACTICES, AND PROVIDES TRAINING & RESOURCES NEEDED FOR FOUNDATIONS TO BE SUCCESSFUL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Markham President | 40 | $198,825 | |
Dick Cummins Vice President | 1 | $2,000 | |
Margaret Lindsey Sec/treasurer | 1 | $2,000 | |
Cliff Bandy Vice President | 1 | $2,000 | |
Katie Andrus Director | 1 | $2,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jp Morgan | 6/29/21 | $253,335 |
Foundation Innovation Llc | 6/29/21 | $121,799 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,372,233 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,038,773 |
| Capital Gain Net Income | $1,038,773 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,411,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $206,825 |
| Other employee salaries and wages | $130,500 |
| Pension plans, employee benefits | $41,674 |
| Interest | $0 |
| Taxes | $109,569 |
| Depreciation | $2,381 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,048 |
| Printing and publications | $0 |
| Other expenses | $208,678 |
| Total operating and administrative expenses | $982,315 |
| Contributions, gifts, grants paid | $2,389,138 |
| Total expenses and disbursements | $3,371,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,281 |
| Savings and temporary cash investments | $2,556,959 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $42,096,063 |
| Net Land, buildings, and equipment | $7,168 |
| Other assets | $1,765 |
| Total assets | $58,953,395 |
| Accounts payable and accrued expenses | $965 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $965 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Board Of Obstetrics And Gynecology Inc Dallas, TX | $79,504,335 | $23,118,641 |
Communities In Schools Of Central Texas Austin, TX | $11,661,936 | $18,363,713 |
Association Of Texas Professional Educators Austin, TX | $26,286,970 | $12,638,531 |
Society Of Certified Insurance Counselors Austin, TX | $18,011,076 | $13,351,185 |
Good Reason Houston Inc Houston, TX | $15,216,184 | $12,441,249 |
The Teaching Trust Dallas, TX | $0 | $1,277,048 |
Oklahoma Education Association Oklahoma City, OK | $8,207,045 | $7,151,066 |
Texas Classroom Teachers Association Austin, TX | $18,131,963 | $5,396,688 |
National Diversity Council Houston, TX | $4,256,858 | $6,138,107 |
American Case Management Association Little Rock, AR | $1,766,697 | $2,995,171 |
Texas Computer Education Association Austin, TX | $6,144,235 | $4,520,658 |
Jefferson Federation Of Teachers Health And Welfare Fund Metairie, LA | $2,212,673 | $3,830,342 |