Texas Retired Teachers Foundation
- Assets
- $910.2k
- Revenue
- $743.3k
- Investments
- -$28.8k
- Employees
- 0
- Location
- Austin, TX
- Founding
- 06/2000
- Data as of
- 06/2021
- EIN
- 74-2958842
Organization Overview
Texas Retired Teachers Foundation is located in Austin, TX. The organization was established in 2000. 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. Texas Retired Teachers 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 06/2021, Texas Retired Teachers Foundation generated $743.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $486.3k during the year ending 06/2021. While expenses have increased by 26.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESOURCES THAT CONTRIBUTE TO AN ENHANCED QUALITY OF LIFE FOR RETIRED TEACHERS.
Describe the Organization's Program Activity:
THE TRTF TUTOR PROGRAM IS AN ONLINE SERVICE THAT MATCHES RETIRED TEXAS PUBLIC-SCHOOL TEACHERS WITH STUDENTS AND THEIR FAMILIES, AS WELL AS SCHOOL DISTRICTS THAT NEED TUTORING SERVICES AND EDUCATIONAL SUPPORT.
TO PROVIDE SCHOLARSHIP GRANTS AND OTHER FORMS OF EDUCATIONAL ASSISTANCE.
THE TRTF DISASTER RELIEF FUND PROVIDES ASSISTANCE TO RETIREES AND ACTIVE EDUCATORS STRUGGLING FINANCIALLY AFTER NATURAL DISASTERS OCCUR IN TEXAS, SUCH AS HURRICANES OR OTHER WIDESPREAD PHENOMENA.
TO EDUCATE THE MEMBERS OF TRTA REGARDING THE BENEFITS OF GIVING AND PHILANTHROPY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Lee State Coordinator | Officer | 10 | $18,000 |
Mary Nell Short President | OfficerTrustee | 1 | $0 |
Ronnie Jung Vice President | OfficerTrustee | 1 | $0 |
Lynn Granzin Secretary/treasurer | OfficerTrustee | 1 | $0 |
Mary Jane Hamilton Member | Trustee | 1 | $0 |
Bill Barnes Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $644,764 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $644,764 |
| Total Program Service Revenue | $0 |
| Investment income | $4,658 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $743,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $194,736 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation of current officers, directors, key employees. | $1,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $7,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,735 |
| Information technology | $8,318 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $485 |
| 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 | $3,600 |
| Insurance | $3,383 |
| All other expenses | $0 |
| Total functional expenses | $486,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,430 |
| Savings and temporary cash investments | $541,465 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $140,915 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,657 |
| Net Land, buildings, and equipment | $38,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | -$28,757 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $563 |
| Total assets | $910,178 |
| Accounts payable and accrued expenses | $7,550 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $140,915 |
| Total liabilities | $148,465 |
| Net assets without donor restrictions | $572,579 |
| Net assets with donor restrictions | $189,134 |
| 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 | $910,178 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Retired Teachers Foundation has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $50 |
Endowment Analysis
| Beg. Balance | $355,825 |
| Earnings | $1,079 |
| Net Contributions | $81,718 |
| Ending Balance | $438,622 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
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 |