Valor Texas Education Foundation
- Assets
- $20.0m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 157
- Location
- Austin, TX
- Founding
- 02/2016
- Data as of
- 06/2021
- EIN
- 81-1145945
Organization Overview
Valor Texas Education Foundation is located in Austin, TX. The organization was established in 2016. 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 06/2021, Valor Texas Education Foundation employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valor Texas Education 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, Valor Texas Education Foundation generated $11.6m in total revenue. All expenses for the organization totaled $9.8m during the year ending 06/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
VALOR PUBLIC SCHOOLS EDUCATES THE WHOLE PERSON IN AUTHENTIC COMMUNITIES FOR A FULL HUMAN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2020-2021 SCHOOL YEAR, VALOR OPENED ITS SECOND CAMPUS, VALOR NORTH AUSTIN, SERVING GRADES K-8 WITH OVER 500 STUDENTS. VALOR SOUTH AUSTIN SERVED 575 STUDENTS IN GRADES K-10. PLANS ARE BEING MADE TO OPEN THE NETWORK'S THIRD SCHOOL IN 2022 WITH GROUND UP CONSTRUCTION OF A NEW CAMPUS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Williams President | Officer | 40 | $175,833 |
Stephen Gordon Ceo/superintendent | Officer | 40 | $133,810 |
Jesse Bates COO | Officer | 40 | $109,358 |
Joel Vanderworp Program Director | 40 | $105,422 | |
Adam Muller Chair | OfficerTrustee | 10 | $0 |
Daniel Connelly Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aim Education Services | 6/29/21 | $526,038 |
Bookreport Inc Accounting, Admin. | 6/29/21 | $132,168 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,878,066 |
| All other contributions, gifts, grants, and similar amounts not included above | $522,207 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,400,273 |
| Total Program Service Revenue | $165,428 |
| Investment income | $0 |
| 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 | $11,565,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $432,133 |
| Compensation of current officers, directors, key employees. | $20,873 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,343,219 |
| Pension plan accruals and contributions | $196,762 |
| Other employee benefits | $411,202 |
| Payroll taxes | $73,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,517 |
| Fees for services: Accounting | $3,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $860,345 |
| Advertising and promotion | $0 |
| Office expenses | $274,287 |
| Information technology | $89,313 |
| Royalties | $0 |
| Occupancy | $876,463 |
| Travel | $39,420 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $422,724 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $336,322 |
| Insurance | $62,384 |
| All other expenses | $26,332 |
| Total functional expenses | $9,847,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,552,628 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,994,683 |
| Accounts receivable, net | $0 |
| 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 | $26,997 |
| Net Land, buildings, and equipment | $15,466,017 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,040,325 |
| Accounts payable and accrued expenses | $632,035 |
| 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 | $13,068,131 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,700,166 |
| Net assets without donor restrictions | $2,853,299 |
| Net assets with donor restrictions | $3,486,860 |
| 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 | $20,040,325 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Valor Texas Education Foundation has recieved totaling $98,163.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $53,195 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $36,512 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $856 |
Mondelez International Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold E Riley Foundation Fort Worth, TX | $357,850 | $584,984 |
Compass Rose Education Inc San Antonio, TX | $15,459,454 | $19,431,467 |
Three Oclock Project Baton Rouge, LA | $1,930,450 | $18,582,179 |
Athlos Louisiana Terrytown, LA | $4,119,183 | $17,119,142 |
Nmc Inc Los Alamos, NM | $8,318,653 | $11,151,295 |
Valor Texas Education Foundation Austin, TX | $20,040,325 | $11,565,701 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Eugene Higgins Charitable Trust Dallas, TX | $194,077,327 | $32,131,659 |
Lyndon Baines Johnson Foundation Austin, TX | $271,934,270 | $12,544,612 |
Los Alamos National Laboratory Foundation Espanola, NM | $121,206,991 | $6,734,322 |
Joe W & Dorothy Dorsett Brown Foundation Metairie, LA | $122,222,465 | $11,452,057 |
Canfield Family Foundation Austin, TX | $4,029,217 | $166,419 |