True Texas Education Corporation
- Assets
- $148.2k
- Revenue
- $265.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Fort Worth, TX
- Founding
- Data as of
- 09/2023
- EIN
- 85-4347442
Organization Overview
True Texas Education Corporation is located in Fort Worth, TX. According to its NTEE Classification (W24) the organization is classified as: Citizen Participation, under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2023, True Texas Education Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. True Texas Education Corporation 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, True Texas Education Corporation generated $265.0k in total revenue. All expenses for the organization totaled $167.0k during the year ending 09/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL ACTIVITIES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE MISSION OF THE CORPORATION IS: 1)TO TEACH, CONTINUOSLY TRAIN, AND INSPIRE TEXAS TO ENGAGE IN GOVERNMENTS AT EVERY LEVEL AND 2) TO HELP TEXANS BECOME ACTIVE PARTICIPANTS IN THEIR SELF GOVERNANCE THAT IS ESTABLISHED IN OUR DECLARATION OF INDEPENDENCE, BY EMPHASIS ON HISTORIC BACKGROUND, UNDERSTANDING GOVERNMENTAL PROCESSES, ORIGIN DOCUMENTS, AND ANALYZING CURRENT EVENTS AS THEY RELATE TO TEXAS CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION IS ORGANIZED FOR EDUCATIONAL ACTIVITIES. 1. TO TEACH, CONTINUOUSLY TRAIN AND INSPIRE TEXANS TO ENGAGE IN GOVERNMENTS AT EVERY LEVEL. 2. TO HELP TEXANS BECOME ACTIVE PARTICIPANTS IN THEIR SELF GOVERNANCE THAT IS ESTABLISHED IN OUR DECLARATION OF INDEPENDENCE, BY EMPHASIS ON HISTORIC BACKGROUND, UNDERTANDING GOVERNMENTAL PROCESSES, ORIGINAL DOCUMENTS AND ANALYZING CURRENT EVENTS AS THE RELATE TO TEXAS CITIZENS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Mccarty Director | OfficerTrustee | 20 | $5,208 |
Fran Rhodes Director | OfficerTrustee | 20 | $5,208 |
Fred Mccarty President | OfficerTrustee | 1 | $0 |
Robert D Smith Director | Trustee | 1 | $0 |
Allan Solmon Treasurer | OfficerTrustee | 4 | $0 |
Molly Maddux Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $325 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $262,582 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,907 |
| Total Program Service Revenue | $2,081 |
| 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 | $264,988 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,756 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,416 |
| Compensation of current officers, directors, key employees. | $48,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,631 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,156 |
| Advertising and promotion | $9,716 |
| Office expenses | $883 |
| Information technology | $2,135 |
| Royalties | $0 |
| Occupancy | $26,443 |
| Travel | $8,112 |
| 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 | $195 |
| All other expenses | $0 |
| Total functional expenses | $167,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,202 |
| 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 | $0 |
| 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 | $148,202 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,370 |
| Total liabilities | $2,370 |
| Net assets without donor restrictions | $145,832 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $148,202 |