Texas Impact Education Fund
- Assets
- $719.3k
- Revenue
- $275.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Austin, TX
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 74-2989021
Organization Overview
Texas Impact Education Fund is located in Austin, TX. The organization was established in 2001. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Texas Impact Education Fund employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Impact Education Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE CORPORATION IS TO PERFORM CHARITABLE ACTIVITIES WITHIN THE MEANING OF INTERNAL REVENUE CODE SECTION 501(C)3 AND TEXAS TAX CODE SECTION 11.18(C). SPECIFICALLY, THE CORPORATION GENERATED AND DISSEMINATED INFORMATION RELATING TO POVERTY, PEACE, AND JUSTICE IN THE STATE OF TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE CORPORATION IS TO PERFORM CHARITABLE ACTIVITIES WITHIN THE MEANING OF INTERNAL REVENUE CODE SECTION 501(C)3 AND TEXAS TAX CODE SECTION 11.18(C). SPECIFICALLY, THE CORPORATION GENERATED AND DISSEMINATED INFORMATION RELATING TO POVERTY, PEACE, AND JUSTICE IN THE STATE OF TEXAS. PUBLIC OUTREACH WITH RESPECT TO INTERFAITH MATTERS ASSOCIATED WITH ENERGY AND THE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Sapp President | OfficerTrustee | 1 | $0 |
Reverend Mel Caraway Director | Trustee | 1 | $0 |
Rev Dr Whit Bodman Director | Trustee | 1 | $0 |
Ellen Sable Director | Trustee | 1 | $0 |
Bee Moorhead Executive Direc | Trustee | 40 | $0 |
Beaman Floyd Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $218,564 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,564 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,456 |
| 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 | $275,020 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $141,915 |
| 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 | $2,523 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,792 |
| Travel | $8,983 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50,655 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,649 |
| Insurance | $2,202 |
| All other expenses | $19,051 |
| Total functional expenses | $397,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,426 |
| 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 | $651,497 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,363 |
| Total assets | $719,286 |
| Accounts payable and accrued expenses | $28,763 |
| 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 | $996,215 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21 |
| Total liabilities | $1,024,999 |
| Net assets without donor restrictions | -$305,713 |
| 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 | $719,286 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Texas Impact Education Fund has recieved totaling $90,000.
| Awarding Organization | Amount |
|---|---|
Solutions Project Inc Oakland, CA PURPOSE: Fighter Fund - Rapid Response Grant | $30,000 |
Aarp Foundation Washington, DC PURPOSE: GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM | $25,000 |
Environmental Defense Fund Incorporated New York, NY | | $25,000 |
New Venture Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rhema For The Nations Inc Arlington, TX | $109,090 | $3,497,036 |
Prophecy Watchers Inc Oklahoma City, OK | $2,102,531 | $3,358,704 |
Truth For Today World Mission School Inc Searcy, AR | $8,904,427 | $4,531,764 |
Good Faith Media Norman, OK | $777,804 | $1,966,334 |
International Bible Association Dallas, TX | $1,916,333 | $274,630 |
Lamp And Light Publishers Inc Farmington, NM | $2,028,061 | $1,091,303 |
Baptist Standard Publishing Co Plano, TX | $7,713,665 | $700,835 |
Involved International Inc Tulsa, OK | $211,399 | $633,805 |
Arkansas Baptist Newsmagazine Inc Little Rock, AR | $755,217 | $521,448 |
Jubal Band Ministries Mckinney, TX | $235,616 | $752,469 |
Gospel Minutes Publications Inc Fort Worth, TX | $75,619 | $621,953 |
Texas Impact Education Fund Austin, TX | $719,286 | $275,020 |