Texas Association For The Education Of Young Children
- Assets
- $1.1m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 29
- Location
- Austin, TX
- Founding
- 05/2015
- Data as of
- 05/2023
- EIN
- 74-6104411
Organization Overview
Texas Association For The Education Of Young Children is located in Austin, TX. The organization was established in 2015. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 05/2023, Texas Association For The Education Of Young Children employed 29 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Texas Association For The Education Of Young Children 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 05/2023, Texas Association For The Education Of Young Children generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.7% each year . All expenses for the organization totaled $5.0m during the year ending 05/2023. While expenses have increased by 30.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TXAEYC EMPOWERS AND INSPIRES A COMMUNITY OF EARLY CHILDHOOD PROFESSIONALS THROUGH ADVOCACY, RESOURCES, AND COLLABORATION TO EFFECTIVELY SERVE YOUNG CHILDREN AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACH TEXAS WHICH PROVIDES COMPREHENSIVE SCHOLARSHIPS TO ENABLE EARLY CHILDHOOD TEACHERS TO TAKE COURSEWORK LEADING TO CREDENTIALS AND DEGREES AT LOCAL COMMUNITY COLLEGES AND UNIVERSITIES WITHIN TEXAS. DURING FY2023, WE AWARDED 603 SCHOLARSHIPS WHICH LEAD TO THE OBTAINMENT OF 3,940 COLLEGE CREDIT HOURS. SCHOLARSHIP RECIPIENTS WORK IN 265 EARLY LEARNING PROGRAMS ACROSS THE STATE, IMPACTING OVER 24,000 CHILDREN.
BOOKS BEGINNING AT BIRTH IS A STATEWIDE PROGRAM THAT PROVIDES YOUNG CHILDREN, BIRTH TO AGE 4, AND THEIR FAMILIES ACCESS TO BOOKS AND RESOURCES TO SUPPORT THE DEVELOPMENT OF EARLY LITERACY AND FOSTER A LOVE OF READING. DURING FY 2023, 41,972 CHILDREN RECEIVED BOOKS THROUGH THIS PROGRAM.
OTHER PROGRAMS INCLUDE ASSOCIATION MEMBERSHIP DUES, RAISE, HEALTHY CHILD CARE TEXAS, SHARED SERVICES, ANNUAL CONFERENCE AND DONATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Summerville Executive Dir. | Officer | 40 | $113,450 |
Cassandra Cole CFO | Officer | 40 | $32,049 |
Rhonda Crabbs President | OfficerTrustee | 1 | $0 |
Michael Gonzales Past President | OfficerTrustee | 1 | $0 |
Debbie Rose Secretary | OfficerTrustee | 1 | $0 |
Jodi Nerren Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Teaching Strategies Curriculum | 5/30/23 | $720,739 |
Bookspring Children's Books | 5/30/23 | $629,498 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $86,113 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,029,023 |
| All other contributions, gifts, grants, and similar amounts not included above | $517,695 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,632,831 |
| Total Program Service Revenue | $688,165 |
| Investment income | $2,248 |
| 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 | $5,325,136 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,338 |
| Grants and other assistance to domestic individuals. | $1,177,547 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $207,094 |
| Compensation of current officers, directors, key employees. | $41,419 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,033,191 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $324,358 |
| Payroll taxes | $92,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $57,841 |
| Fees for services: Lobbying | $43,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,356,564 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $22,820 |
| Royalties | $0 |
| Occupancy | $125,338 |
| Travel | $41,825 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $205,217 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $42,246 |
| Total functional expenses | $5,002,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $557,093 |
| Savings and temporary cash investments | $163,517 |
| Pledges and grants receivable | $224,392 |
| Accounts receivable, net | $38,195 |
| 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 | $10,093 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $136,497 |
| Total assets | $1,129,787 |
| Accounts payable and accrued expenses | $247,572 |
| Grants payable | $0 |
| Deferred revenue | $30,724 |
| 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 | $128,695 |
| Total liabilities | $406,991 |
| Net assets without donor restrictions | $322,796 |
| Net assets with donor restrictions | $400,000 |
| 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 | $1,129,787 |