Texas International Education Consortium
- Assets
- $14.8m
- Revenue
- $125.0k
- Investments
- $1.8m
- Employees
- 10
- Location
- Austin, TX
- Founding
- 08/1986
- Data as of
- 12/2022
- EIN
- 74-2383582
Organization Overview
Texas International Education Consortium is located in Austin, TX. The organization was established in 1986. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Texas International Education Consortium employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas International Education Consortium 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 12/2022, Texas International Education Consortium generated $125.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (31.7%) each year. All expenses for the organization totaled $224.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (28.2%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A CONSORTIUM OF UNIVERSITIES IN TEXAS, WITH AFFILIATE UNIVERSITIES OVERSEAS, DEDICATED TO DEVELOPING, COORDINATING AND IMPLEMENTING EDUCATIONAL CAPACITY- BUILDING PROGRAMS AROUND THE WORLD, AND INCREASING CAPACITY FOR CAMPUS GLOBALIZATION AT ALL MEMBER INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR THREE LARGEST PROGRAM SERVICES INCLUDE (1) PROFESSIONAL DEVELOPMENT WITH PROGRAMS FOR EDUCATORS, EDUCATION ADMINISTRATORS, AND HIGHER EDUCATIONAL OFFICIALS, (2) INTENSIVE ENGLISH, WHICH INCLUDES STUDY ABROAD, LOCAL INTENSIVE ENGLISH PROGRAMS, UNIVERSITY PATHWAYS PROGRAMS, AND TUTORING, AND (3) ACADEMIC CAPACITY BUILDING, WHICH INCLUDES CURRICULUM REVIEWS, UNIVERSITY PARTNERSHIPS, AND CONSULTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Lerner President | Officer | 40 | $21,417 |
Heather Farmakis Chief Learning Officer | Officer | 40 | $12,392 |
Lawrence Schovanec Chair | Trustee | 2 | $0 |
Pablo Arenaz Vice Chair | Trustee | 2 | $0 |
Taylor Eighmy Director | Trustee | 2 | $0 |
Kelly Miller Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,205 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $102,214 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,419 |
| Total Program Service Revenue | $10,260 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,360 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,039 |
| 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 | $71,285 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,351 |
| Compensation of current officers, directors, key employees. | $6,149 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,567 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,916 |
| Payroll taxes | $5,487 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,247 |
| Fees for services: Accounting | $8,331 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,448 |
| Advertising and promotion | $0 |
| Office expenses | $5,691 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,981 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,897 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,454 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $224,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $892,548 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $184,184 |
| 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 | $54,321 |
| Net Land, buildings, and equipment | $80,197 |
| Investments—publicly traded securities | $11,320,567 |
| Investments—other securities | $1,800,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $454,741 |
| Total assets | $14,786,558 |
| Accounts payable and accrued expenses | $145,382 |
| Grants payable | $0 |
| Deferred revenue | $19,127 |
| 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 | $457,917 |
| Total liabilities | $622,426 |
| Net assets without donor restrictions | $14,164,132 |
| 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 | $14,786,558 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Texas International Education Consortium has recieved totaling $98,791.
| Awarding Organization | Amount |
|---|---|
Meridian International Center Washington, DC PURPOSE: PROGRAM SUPPORT | $85,354 |
The Aspen Institute Inc Washington, DC PURPOSE: STEVENS INITIATIVE CULTURAL EXCHANGE | $13,437 |
Endowment Analysis
| Beg. Balance | $11,862,201 |
| Earnings | -$862,824 |
| Admin Expense | $3,123 |
| Ending Balance | $10,996,254 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Leadership Of Texas - Global Richardson, TX | $554,630 | $1,070,041 |
Texas International Education Consortium Austin, TX | $14,786,558 | $125,039 |
Way Foundation International Arcadia, OK | $17,650 | $0 |
Usa United Students Association Inc Mansfield, TX | $375 | $198,042 |
Texas Global Education And Cultural Exchange Houston, TX | $500 | $0 |
Academic And Cultural Exchange Richardson, TX | $0 | $0 |