Texas School Venture Fund
- Assets
- $623.8k
- Revenue
- $452.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-3674046
Organization Overview
Texas School Venture Fund is located in Houston, TX. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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 School Venture 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 12/2022, Texas School Venture Fund generated $452.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $461.9k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HELP START NEW SCHOOLS AND HELP GROW GREAT SCHOOL OPTIONS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEIGHBORHOOD SCHOOLS: PROVIDE START UP SUPPORT FOR NEW COMMUNITY-BASED CHARTER SCHOOLS IN THE PROCESS OF GROWING TO FULL SIZE OVER THE FIRST 6 YEARS, INCLUDING A NEW HIGH SCHOOL AND ADULT EDUCATION TRAINING SCHOOL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leo Linbeck III Chair | OfficerTrustee | 4 | $0 |
Mike Feinberg President | OfficerTrustee | 10 | $0 |
Karol Musher Director | Trustee | 1 | $0 |
Howard Fuller Director | 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 | $333,001 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $333,001 |
| Total Program Service Revenue | $117,551 |
| Investment income | $1,936 |
| 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 | $452,488 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $230,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $200,628 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,162 |
| 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 | $283 |
| Information technology | $1,222 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,579 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $676 |
| Interest | $8,983 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $461,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $619,832 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,923 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $623,755 |
| Accounts payable and accrued expenses | $7,150 |
| 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 | $144,106 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $151,256 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $472,499 |
| Total liabilities and net assets/fund balances | $623,755 |
Grants Awarded
Over the last fiscal year, Texas School Venture Fund has awarded $230,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: Start-up of charter schools | $155,000 |
Houston, TX PURPOSE: Support trade training | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Texas School Venture Fund has recieved totaling $325,000.
| Awarding Organization | Amount |
|---|---|
Dan L Duncan Family Foundation Houston, TX PURPOSE: EDUCATIONAL SERVICES | $200,000 |
Marek Family Foundation Houston, TX PURPOSE: TO INCREASE THE SUPPLY AND DIVERSITY OF GREAT SCHOOLS | $50,000 |
J Squared Family Foundation Houston, TX PURPOSE: CONTRIBUTION | $25,000 |
Willard & Ruth Johnson Charitable Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $25,000 |
Greater Houston Community Foundation Houston, TX PURPOSE: EDUCATIONAL | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Firstline Schools Inc New Orleans, LA | $25,158,781 | $60,437,770 |
Education Service Center Region Xii Of Texas Waco, TX | $21,686,581 | $37,093,935 |
New Meridian Corporation Austin, TX | $22,335,966 | $20,374,244 |
Belle Chasse Academy Inc Belle Chasse, LA | $29,416,847 | $17,545,847 |
Village Tech Schools Duncanville, TX | $32,290,922 | $14,785,373 |
Bexar County Performing Arts Center Foundation San Antonio, TX | $183,646,136 | $8,087,390 |
Leading Educators Inc New Orleans, LA | $10,160,201 | $9,461,961 |
Hispanic Association Of Colleges And Universities San Antonio, TX | $14,909,180 | $14,551,149 |
Passages America Israel Inc Allen, TX | $8,997,691 | $7,060,714 |
Extend-A-Care Inc Austin, TX | $4,350,683 | $9,102,758 |
Educate Girls Austin, TX | $42,960,470 | $14,126,525 |
Evolution Acadamy Richardson, TX | $15,542,643 | $6,925,248 |