Usaa Educational Foundation
- Assets
- $96.4m
- Revenue
- $7.6m
- Investments
- $94.8m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 06/1999
- Data as of
- 12/2021
- EIN
- 74-2411017
Organization Overview
Usaa Educational Foundation is located in San Antonio, TX. The organization was established in 1999. 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. Usaa Educational 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 12/2021, Usaa Educational Foundation generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.2% each year . All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO LEAD AND INSPIRE ACTIONS THAT IMPROVE FINANCIAL READINESS FOR THE MILITARY AND LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Halliwell Bus Dev Advisor | 40 | $184,103 | |
Steven Georgoulakis Prod Mgmt Director | 40 | $176,222 | |
Dan Cable Former Asst Vice President | 55 | $170,443 | |
Chi Cantwell Bus Dev Advisor | 40 | $168,792 | |
Pressenna Long Bus Dev Advisor | 40 | $153,636 | |
Jeff Jurgemeyer Bus Dev Advisor | 40 | $149,834 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marketvision Inc | 12/30/21 | $338,560 |
Will Interactive | 12/30/21 | $150,000 |
Ten Peaks Media | 12/30/21 | $204,970 |
Geomedia Inc | 12/30/21 | $329,821 |
Quickseries Publishing Inc | 12/30/21 | $150,773 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,676,718 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,885,110 |
| Capital Gain Net Income | $4,885,110 |
| Net ST Capital Gain | $6,607 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,561,828 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $319,622 |
| Other employee salaries and wages | $1,344,531 |
| Pension plans, employee benefits | $365,984 |
| Interest | $0 |
| Taxes | $114,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,336 |
| Printing and publications | $0 |
| Other expenses | $2,019,331 |
| Total operating and administrative expenses | $4,174,903 |
| Contributions, gifts, grants paid | $105,000 |
| Total expenses and disbursements | $4,279,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,613,641 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $94,767,813 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $96,381,454 |
| Accounts payable and accrued expenses | $1,140,079 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,140,079 |
Grants Awarded
Over the last fiscal year, Usaa Educational Foundation has awarded $105,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Peachtree City, GA PURPOSE: CHARITABLE - FINANCIAL EDUCATION | $80,000 |
VETERANS EDUCATION SUCCESS INC PURPOSE: CHARITABLE - FINANCIAL EDUCATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |
Abell-Hanger Foundation Midland, TX | $130,201,135 | $12,262,823 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |
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 |