Usaa Educational Foundation is located in San Antonio, TX. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Usaa Educational 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 12/2021, Usaa Educational Foundation generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.2% each year . All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 4 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO LEAD AND INSPIRE ACTIONS THAT IMPROVE FINANCIAL READINESS FOR THE MILITARY AND LOCAL COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Scott Halliwell Bus Dev Advisor | 40 | $184,103 | |
Steven Georgoulakis Prod Mgmt Director | 40 | $176,222 | |
Dan Cable Former Asst Vice President | 55 | $170,443 | |
Chi Cantwell Bus Dev Advisor | 40 | $168,792 | |
Pressenna Long Bus Dev Advisor | 40 | $153,636 | |
Jeff Jurgemeyer Bus Dev Advisor | 40 | $149,834 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Geomedia Inc | 12/30/21 | $329,821 |
Marketvision Inc | 12/30/21 | $338,560 |
Will Interactive | 12/30/21 | $150,000 |
Quickseries Publishing Inc | 12/30/21 | $150,773 |
Ten Peaks Media | 12/30/21 | $204,970 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $2,676,718 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $4,885,110 |
Capital Gain Net Income | $4,885,110 |
Net ST Capital Gain | $6,607 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $7,561,828 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $319,622 |
Other employee salaries and wages | $1,344,531 |
Pension plans, employee benefits | $365,984 |
Interest | $0 |
Taxes | $114,000 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $6,336 |
Printing and publications | $0 |
Other expenses | $2,019,331 |
Total operating and administrative expenses | $4,174,903 |
Contributions, gifts, grants paid | $105,000 |
Total expenses and disbursements | $4,279,903 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,613,641 |
Savings and temporary cash investments | $0 |
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 | $94,767,813 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $96,381,454 |
Accounts payable and accrued expenses | $1,140,079 |
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 | $1,140,079 |
Over the last fiscal year, Usaa Educational Foundation has awarded $105,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Peachtree City, GA PURPOSE: CHARITABLE - FINANCIAL EDUCATION | $80,000 |
VETERANS EDUCATION SUCCESS INC PURPOSE: CHARITABLE - FINANCIAL EDUCATION | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |
Abell-Hanger Foundation Midland, TX | $130,201,135 | $12,262,823 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |