Texas Higher Education Foundation
- Assets
- $3.4m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Austin, TX
- Founding
- 05/2002
- Data as of
- 08/2022
- EIN
- 74-3017895
Organization Overview
Texas Higher Education Foundation is located in Austin, TX. The organization was established in 2002. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 08/2022, Texas Higher Education Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Higher Education 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 08/2022, Texas Higher Education Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 51.3% each year . All expenses for the organization totaled $2.6m during the year ending 08/2022. While expenses have increased by 13.0% per year over the past 7 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.
Since 2017, Texas Higher Education Foundation has awarded 162 individual grants totaling $2,350,542. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND FURTHER EVIDENCE-BASED INITIATIVES THAT POSITIVELY IMPACT POSTSECONDARY OUTCOMES IN TEXAS TOGETHER WITH THE TEXAS HIGHER EDUCATION COORDINATING BOARD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RAISES PRIVATE SECTOR CONTRIBUTIONS AND DISBURSES THE FUNDS IN SUPPORT OF THE TEXAS HIGHER EDUCATION COORDINATING BOARD'S PROGRAMS TO REACH THE GOALS OF THE STATE'S HIGHER EDUCATION STRATEGIC PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neal Adams President And CEO | OfficerTrustee | 1.5 | $0 |
Fred Heldenfels Vice President | OfficerTrustee | 1 | $0 |
Elaine Mendoza Secretary | OfficerTrustee | 1 | $0 |
Raymond F Messer Treasurer | OfficerTrustee | 1.5 | $0 |
Melissa I Henderson Executive Director | Officer | 10 | $0 |
Darryl Heath Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Daniel J Edelman Inc Communications | 8/30/22 | $184,597 |
Burning Glass International Inc Data Assessment | 8/30/22 | $160,000 |
The Brookings Institution Labor Market Analysis | 8/30/22 | $242,000 |
Alvarez & Marsal Data Infrastructure Design | 8/30/22 | $1,700,850 |
Delivery Associates Limited Strategic Planning | 8/30/22 | $225,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,343,938 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,343,938 |
| Total Program Service Revenue | $61,333 |
| Investment income | $3,272 |
| 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 | $2,408,543 |
| 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 | $6,593 |
| 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 | $30,553 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,154 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,747 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,585 |
| All other expenses | $0 |
| Total functional expenses | $2,632,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $796,528 |
| Savings and temporary cash investments | $2,300,363 |
| Pledges and grants receivable | $250,000 |
| Accounts receivable, net | $236 |
| 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 | $7,738 |
| 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 | $3,354,865 |
| Accounts payable and accrued expenses | $530,673 |
| Grants payable | $0 |
| Deferred revenue | $116,667 |
| 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 | $647,340 |
| Net assets without donor restrictions | $628,155 |
| Net assets with donor restrictions | $2,079,370 |
| 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 | $3,354,865 |
Grants Awarded
Over the last fiscal year, Texas Higher Education Foundation has awarded $466,749 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS HIGHER EDUCATION COORDINATING BOARD PURPOSE: GRADTX 2.0 PROGRAM | $30,507 |
Pasadena, TX PURPOSE: COVID-19 EMERGENCY AID | $30,000 |
BLINN COLLEGE PURPOSE: COVID-19 EMERGENCY AID | $30,000 |
Austin, TX PURPOSE: COVID-19 EMERGENCY AID | $30,000 |
COLLIN COUNTY COMMUNITY COLLEGE PURPOSE: COVID-19 EMERGENCY AID | $30,000 |
ALAMO COMMUNITY COLLEGE DISTRICT PURPOSE: COVID-19 EMERGENCY AID | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Texas Higher Education Foundation has recieved totaling $3,835,270.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: RESEARCH AND LEARNING OPPORTUNITIES | $2,264,020 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: RESEARCH AND LEARNING OPPORTUNITIES | $736,450 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: POSTSECONDARY EDUCATION | $459,800 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: POSTSECONDARY EDUCATION | $200,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $75,000 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: POSTSECONDARY EDUCATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Meridian Corporation Austin, TX | $22,335,966 | $20,374,244 |
Belle Chasse Academy Inc Belle Chasse, LA | $29,416,847 | $17,545,847 |
Village Tech Schools Duncanville, TX | $32,290,922 | $14,785,373 |
Bexar County Performing Arts Center Foundation San Antonio, TX | $183,646,136 | $8,087,390 |
Leading Educators Inc New Orleans, LA | $10,160,201 | $9,461,961 |
Hispanic Association Of Colleges And Universities San Antonio, TX | $14,909,180 | $14,551,149 |
Passages America Israel Inc Allen, TX | $8,997,691 | $7,060,714 |
Extend-A-Care Inc Austin, TX | $4,350,683 | $9,102,758 |
Educate Girls Austin, TX | $42,960,470 | $14,126,525 |
Evolution Acadamy Richardson, TX | $15,542,643 | $6,925,248 |
Oklahoma Public School Resource Center Inc Oklahoma City, OK | $4,660,216 | $8,536,647 |
Prime Time Family Reading New Orleans, LA | $2,481,247 | $6,549,424 |