Usaa Educational Foundation
- Assets
- $110.1m
- Revenue
- $5.7m
- Investments
- $108.3m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 06/1999
- Data as of
- 12/2023
- EIN
- 74-2411017
Organization Overview
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 12/2023, Usaa Educational Foundation generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $5.4m during the year ending 12/2023. While expenses have increased by 5.1% 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
2023
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ameesh Vakharia Chair | 0.25 | $0 | |
Brad Weber Treasurer | 0.25 | $0 | |
David Cummings Director | 0.25 | $0 | |
Dana A Simmons Director | 0.25 | $0 | |
Mary Stork Director | 0.25 | $0 | |
Lindsey O'neill Director/president | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crosby Marketing Communications Inc | 12/30/23 | $1,070,835 |
Marketvision | 12/30/23 | $232,323 |
Tipping Point Solutions Inc | 12/30/23 | $188,498 |
Geomedia | 12/30/23 | $157,959 |
University Of Georgia Research | 12/30/23 | $400,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,025,960 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,626,319 |
| Capital Gain Net Income | $2,626,319 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,652,279 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $385,840 |
| Other employee salaries and wages | $1,612,839 |
| Pension plans, employee benefits | $440,185 |
| Interest | $0 |
| Taxes | $39,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $56,661 |
| Printing and publications | $0 |
| Other expenses | $2,644,488 |
| Total operating and administrative expenses | $5,216,977 |
| Contributions, gifts, grants paid | $169,071 |
| Total expenses and disbursements | $5,386,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,804,469 |
| 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 | $108,304,400 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $110,108,869 |
| Accounts payable and accrued expenses | $735,330 |
| 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 | $735,330 |
Grants Awarded
Over the last fiscal year, Usaa Educational Foundation has awarded $105,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE OPTIONS FOUNDATION PURPOSE: CHARITABLE - FINANCIAL EDUCATION | $80,000 |
VETERANS EDUCATION SUCCESS INC PURPOSE: CHARITABLE - FINANCIAL EDUCATION | $25,000 |