Texas Rural Education Association Foundation
- Assets
- $154.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 10/2012
- Data as of
- 08/2023
- EIN
- 38-3860476
Organization Overview
Texas Rural Education Association Foundation is located in Austin, TX. The organization was established in 2012. 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. Texas Rural Education Association 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 08/2023, Texas Rural Education Association Foundation generated $183.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $310.8k during the year ending 08/2023. While expenses have increased by 15.8% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Jones Co-Chairman | 1 | $0 | |
Max Thompson Co-Chairman | 1 | $0 | |
James Morton Member | 1 | $0 | |
Blake Powell Director | 1 | $0 | |
Rich Elsasser Member | 1 | $0 | |
Shane Fields Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,235 |
| Total Program Service Revenue | $119,070 |
| Membership dues | $10,975 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $183,281 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $9,560 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $247,204 |
| Total expenses | $310,764 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $154,036 |
| Other assets | $0 |
| Total assets | $154,036 |
| Total liabilities | $186,113 |
| Net assets or fund balances | -$32,077 |