2-X1 Charities Inc
- Assets
- $208.9k
- Revenue
- $36.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 05/2006
- Data as of
- 06/2020
- EIN
- 86-1150970
Organization Overview
2-X1 Charities Inc is located in Dallas, TX. The organization was established in 2006. 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. 2-X1 Charities Inc 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 06/2020, 2-X1 Charities Inc generated $36.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.3%) each year. All expenses for the organization totaled $41.4k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (14.2%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO FOSTER EDUCATIONAL AND CHARITABLE ACTIVITIES BY PROVIDING FUNDS TO ASSIST THE EDUCATION OF DIABETIC CHILDREN, PROVIDE SPORTS ACTIVITIES FOR THE VISUALLY IMPAIRED, SCHOLARSHIPS AND OTHER CHARITABLE ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPORTS EXTRAVAGANZA - A DAY OF COMPETITION AND FUN FOR VISUALLY IMPAIRED AND BLIND CHILDREN. PARTICIPANTS ENGAGE IN BOTH INDIVIDUAL AND TEAM ACTIVITIES. PARTICIPANTS COME FROM ALL OVER THE SOUTHWEST TO PARTICIPATE IN THIS UNIQUE EXPERIENCE.
FUNDS COLLECTED AND SENT TO AMERICAN DIABETES ASSOCIATION AS NOT ABLE TO HOLD ANNUAL EVENT DUE TO COVID-19.
SUPPORT REGION 10 ACTIVITIES WITHIN THE DISTRICT. REGION 10 IS A STATE ESTABLISHED ORGANIZATION TO SUPPORT LOCAL SCHOOL DISTRICTS VIA PROGRAM CREATION AND CONTINUING ADMINISTRATION.
CONTRIBUTIONS TO VARIOUS LIONS RELATED CHARITABLE ENTITIES ON A FLOW THROUGH BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mcginnis Secretary | OfficerTrustee | 5 | $0 |
Esmeralda Rodriguez 3rd Vice Pre | OfficerTrustee | 5 | $0 |
Billy Ketner 2nd Vice Pre | OfficerTrustee | 5 | $0 |
Vinod Mathur 1st Vice Pre | OfficerTrustee | 5 | $0 |
Keith Murray President | OfficerTrustee | 5 | $0 |
John Stare Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,260 |
| Investment income | $1,708 |
| 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 | $35,968 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,200 |
| 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 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 | $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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $450 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $580 |
| Conferences, conventions, and meetings | $18,508 |
| Interest | $0 |
| Payments to affiliates | $15,639 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $41,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,110 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,801 |
| Total assets | $208,911 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $9,500 |
| 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 | $0 |
| Total liabilities | $9,500 |
| 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 |
| Total liabilities and net assets/fund balances | $199,411 |
Grants Awarded
Over the last fiscal year, 2-X1 Charities Inc has awarded $12,258 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HURRICANE HARVEY TASK FUND | | | $6,258 |
LIONS SIGHT & TISSUE FOUNDATION | | | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |
Usaa Educational Foundation San Antonio, TX | $96,381,454 | $7,561,828 |
Ulm Athletic Foundation Monroe, LA | $3,668,358 | $2,963,740 |
Panhandle-Plains Higher Education Foundation Inc Canyon, TX | $182,464,704 | $13,006,465 |
American Indian Graduate Center Scholars Albuquerque, NM | $1,252,569 | $3,993,312 |