San Antonio Education Fund
- Assets
- $4.6m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 48
- Location
- San Antonio, TX
- Founding
- 11/1989
- Data as of
- 09/2023
- EIN
- 74-2547643
Organization Overview
San Antonio Education Fund is located in San Antonio, TX. The organization was established in 1989. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 09/2023, San Antonio Education Fund employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Antonio Education Fund 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 09/2023, San Antonio Education Fund generated $5.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $4.8m during the year ending 09/2023. While expenses have increased by 5.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PARTNERSHIP EMPOWERS STUDENTS WITH QUALITY EDUCATIONAL PROGRAMS, RESOURCES AND COUNSELING THAT WILL MAKE THEM CONFIDENT, KNOWLEDGEABLE AND HELP THEM FINISH COLLEGE AND CONTRIBUTE TO SAN ANTONIO'S FUTURE, MAKING THE STUDENTS SAN ANTONIO'S LEADERS OF TOMORROW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOAL OF THE PARTNERSHIP IS TO CLOSE THE COLLEGE GRADUATION GAP FOR SAN ANTONIO BY HAVING ITS STUDENTS GRADUATE FROM HIGH SCHOOL, ENROLL IN COLLEGE, AND EARN A COLLEGE DEGREE AND/OR CERTIFICATE. SERVICES PROVIDED TO STUDENTS THROUGH THE HIGH SCHOOL SERVICES COMPONENT AND CAFE COLLEGE FOCUS ON FIVE KEY AREAS WITH THE FOLLOWING OBJECTIVES:COLLEGE ASPIRATIONS & GOAL SETTING - HELPING STUDENTS SET AND KEEP SHORT AND LONG-TERM ACADEMIC AND CAREER GOALS BY BUILDING A COLLEGE-GOING FUTURE.COLLEGE AND CAREER EXPLORATION AND PLANNING - INCREASING AWARENESS OF CAREER OPPORTUNITIES AND ASSISTING WITH PLANNING OF CAREER PATHS, TO INCLUDE INCREASING STUDENT KNOWLEDGE AND AWARENESS OF STEM FIELDS FOR CAREER OPPORTUNITIES IN SAN ANTONIO. COLLEGE ENTRY AND ENROLLMENT - INCREASING AWARENESS OF HIGHER EDUCATION OPPORTUNITIES AND ASSISTING WITH COLLEGE ENTRY AND ENROLLMENT.COLLEGE AFFORDABILITY AND FINANCIAL AID - INCREASING AWARENESS BY PROVIDING INFORMATION ON FINANCIAL LITERACY AND FINANCIAL AID RESOURCES, IN ADDTIION TO ASSISTING WITH APPLYING FOR FINANCIAL AID AND SCHOLARSHIPS. COLLEGE TRANSITION - PROVIDING GUIDANCE AND COACHING AS STUDENTS TRANSITION FROM HIGH SCHOOL TO COLLEGE WITH CONFIDENCE AND SUCCESS, AS WELL AS OPPORTUNITIES FOR CHARACTER DEVELOPMENT, INCLUDING THE ESSENTIAL SKILLS NEEDED TO BECOME AN EFFECTIVE LEADER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Reyes CFO | Officer | 40 | $119,215 |
Ana Acevedo Executive Dir. | Officer | 40 | $64,885 |
Lisa Cunningham Past Execu Dir | Officer | 40 | $38,765 |
Dave Gannon Board Chair | OfficerTrustee | 2 | $0 |
John Courage Board Member | Trustee | 2 | $0 |
Mary L Libby Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,775 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,160,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,188,514 |
| Noncash contributions included in lines 1a–1f | $5,927 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,351,289 |
| Total Program Service Revenue | $1,726,801 |
| Investment income | $23,054 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $53,341 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,159,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,126,471 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $294,209 |
| Compensation of current officers, directors, key employees. | $16,643 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,164,043 |
| Pension plan accruals and contributions | $24,076 |
| Other employee benefits | $160,078 |
| Payroll taxes | $108,993 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $485,267 |
| Advertising and promotion | $103,029 |
| Office expenses | $91,850 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $135,149 |
| Travel | $21,611 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,183 |
| All other expenses | $0 |
| Total functional expenses | $4,818,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,135,188 |
| Savings and temporary cash investments | $309,572 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,758,449 |
| 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 | $37,053 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $382,262 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,517 |
| Total assets | $4,642,041 |
| Accounts payable and accrued expenses | $419,949 |
| Grants payable | $0 |
| Deferred revenue | $72,000 |
| 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 | $2,119,517 |
| Total liabilities | $2,611,466 |
| Net assets without donor restrictions | $1,671,974 |
| Net assets with donor restrictions | $358,601 |
| 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 | $4,642,041 |