Valor Texas Education Foundation
- Assets
- $42.6m
- Revenue
- $21.6m
- Investments
- $0.0
- Employees
- 212
- Location
- Austin, TX
- Founding
- 02/2016
- Data as of
- 06/2022
- EIN
- 81-1145945
Organization Overview
Valor Texas Education Foundation is located in Austin, TX. The organization was established in 2016. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Valor Texas Education Foundation employed 212 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valor Texas 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 06/2022, Valor Texas Education Foundation generated $21.6m in total revenue. All expenses for the organization totaled $14.4m during the year ending 06/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
VALOR PUBLIC SCHOOLS EDUCATES THE WHOLE PERSON IN AUTHENTIC COMMUNITIES FOR A FULL HUMAN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2021-2022 SCHOOL YEAR, VALOR SCHOOLS GREW TO SERVE OVER 1,350 STUDENTS AT TWO CAMPUSES, VALOR SOUTH AUSTIN AND VALOR NORTH AUSTIN. CONSTRUCTION OF A THIRD GROUND-UP CAMPUS, VALOR KYLE, WAS COMPLETED IN SUMMER OF 2022 AND OPENED IN THE 2022-2023 SCHOOL YEAR, SERVING 600 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Muller Chair | OfficerTrustee | 10 | $0 |
Cara Valle Secretary | OfficerTrustee | 1 | $0 |
Dan Connelly Director | Trustee | 1 | $0 |
Robert Fender Director | Trustee | 1 | $0 |
Brian Follett Director | Trustee | 1 | $0 |
Stephen Gordon Superintendent Of Schools | Officer | 40 | $130,271 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aim Educational Services | 6/29/22 | $1,063,741 |
Veeya It Services | 6/29/22 | $185,860 |
Bookreport Inc Accounting, Admin. | 6/29/22 | $190,848 |
American Constructors Contractor Services | 6/29/22 | $153,833 |
Capitol City Janitorial Janitorial Services | 6/29/22 | $144,404 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,130,827 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,092,776 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,223,603 |
| Total Program Service Revenue | $417,106 |
| Investment income | $0 |
| 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 | $21,640,709 |
| 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. | $491,652 |
| Compensation of current officers, directors, key employees. | $19,002 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,068,226 |
| Pension plan accruals and contributions | $278,677 |
| Other employee benefits | $484,101 |
| Payroll taxes | $111,893 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $83,843 |
| Fees for services: Accounting | $21,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $713,794 |
| Advertising and promotion | $0 |
| Office expenses | $429,007 |
| Information technology | $125,952 |
| Royalties | $0 |
| Occupancy | $1,236,033 |
| Travel | $359,668 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $591,348 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $353,339 |
| Insurance | $81,472 |
| All other expenses | $34,215 |
| Total functional expenses | $14,411,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,982,264 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,329,772 |
| 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 | $169,595 |
| Net Land, buildings, and equipment | $32,429,637 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,689,445 |
| Total assets | $42,600,713 |
| Accounts payable and accrued expenses | $3,101,798 |
| 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 | $24,403,155 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,550,113 |
| Total liabilities | $29,055,066 |
| Net assets without donor restrictions | $2,591,527 |
| Net assets with donor restrictions | $10,954,120 |
| 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 | $42,600,713 |