Fort Worth Education Partnership Inc
- Assets
- $6.2m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Fort Worth, TX
- Founding
- Data as of
- 12/2021
- EIN
- 85-0658869
Organization Overview
Fort Worth Education Partnership Inc is located in Fort Worth, TX. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 12/2021, Fort Worth Education Partnership Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Worth Education Partnership Inc 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, Fort Worth Education Partnership Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fort Worth Education Partnership Inc has awarded 11 individual grants totaling $1,561,920. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FORT WORTH EDUCATION PARTNERSHIP'S MISSION IS TO SUPPORT, INVEST IN, AND COORDINATE OPPORTUNITIES THAT INCREASE ACCESS TO HIGH-QUALITY EDUCATIONAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1.SCHOOL GROWTH: SUPPORTED THE GROWTH OF HIGH-QUALITY SCHOOL OPERATORS IN FORT WORTH TO OPEN NEW SCHOOLS AND ENGAGE IN UNIQUE DISTRICT-CHARTER PARTNERSHIPS. 2.ADVOCACY: SUPPORTED PARENT ADVOCACY FELLOWSHIPS TO ADVOCATE FOR UPLIFTED PARENT VOICES IN EDUCATION. 3.TALENT: SUPPORTED TWO TECHNICAL ASSISTANCE PROVIDERS TO SUPPORT A LOCAL SCHOOL DISTRICT AND LOCAL CHARTER ORGANIZATION TO DEVELOP HIGH-QUALITY PAID TEACHER RESIDENCIES TO CREATE ADDITIONAL QUALITY TEACHER PIPELINE PROGRAMS AND ENCOURAGE THE RETENTION OF MULTI-CLASSROOM LEADER TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Beasley President & CEO | OfficerTrustee | 40 | $206,546 |
Leila Santillan VP Operations | 40 | $115,845 | |
Jon Altschuler Secretary | OfficerTrustee | 1 | $0 |
Chris Barbic Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Public Impact Technical Assistance | 12/30/21 | $271,054 |
Bes Education Experience | 12/30/21 | $180,000 |
Pace Strategies Education Support | 12/30/21 | $128,290 |
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 | $4,612,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,612,645 |
| Total Program Service Revenue | $0 |
| Investment income | $500 |
| 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 | $4,613,145 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,401,170 |
| Grants and other assistance to domestic individuals. | $2,505 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $209,808 |
| Compensation of current officers, directors, key employees. | $41,962 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,039 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,772 |
| Payroll taxes | $26,964 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,468 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $640,025 |
| Advertising and promotion | $419 |
| Office expenses | $3,446 |
| Information technology | $2,339 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $4,812 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,750 |
| All other expenses | $0 |
| Total functional expenses | $2,514,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,594,741 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $245,000 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $331,000 |
| Total assets | $6,170,741 |
| Accounts payable and accrued expenses | $29,668 |
| Grants payable | $361,277 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $330,000 |
| Total liabilities | $720,945 |
| Net assets without donor restrictions | $3,188,305 |
| Net assets with donor restrictions | $2,261,491 |
| 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 | $6,170,741 |
Grants Awarded
Over the last fiscal year, Fort Worth Education Partnership Inc has awarded $1,398,920 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: SUPPORT JACQUET SCHOOL PARTNERSHIP | $500,000 |
Washington, DC PURPOSE: PARENT EDUCATION PROGRAM | $450,000 |
Redwood City, CA PURPOSE: EDUCATION MODEL | $227,831 |
FORT WORTH ISD PURPOSE: TEACHER RESIDENCY PROGRAM | $110,000 |
Lubbock, TX PURPOSE: TECHNICAL ASSISTANCE | $47,643 |
Chanhassen, MN PURPOSE: EDUCATIONAL SUPPORT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Fort Worth Education Partnership Inc has recieved totaling $715,500.
| Awarding Organization | Amount |
|---|---|
Kleinheinz Family Foundation For The Arts And Education Fort Worth, TX PURPOSE: CASH GRANT TO THE GENERAL FUND | $334,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT PARENT ENGAGEMENT IN K-12 EDUCATION AND PARENT ACTION IN THE REGION. | $166,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT PARENT AND COMMUNITY ENGAGEMENT EFFORTS TO PROMOTE HIGH QUALITY SCHOOL OPTIONS IN THE REGION. | $100,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT THE LAUNCH OF A NEW EDUCATION CHAMPION ORGANIZATION FOR FORT WORTH/ TARRANT COUNTY. | $83,000 |
City Fund Beaverton, OR PURPOSE: OPERATING SUPPORT | $32,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Schools For Baton Rouge Baton Rouge, LA | $18,000,510 | $11,219,034 |
Texas Institute Of Graduate Medical Education And Research San Antonio, TX | $5,873,285 | $12,825,627 |
Portico Education Foundation Carrollton, TX | $2,396,287 | $5,783,858 |
Youth Force Nola New Orleans, LA | $5,195,075 | $5,408,027 |
Texas Association Of School Administrators Austin, TX | $4,673,285 | $5,966,291 |
Texas Restaurant Association Austin, TX | $11,924,378 | $5,929,472 |
Texas Charter Schools Association Austin, TX | $5,399,898 | $5,059,843 |
Walton Education Coalition Inc Bentonville, AR | $905,003 | $3,450,000 |
Louisiana Restaurant Association Inc Metairie, LA | $9,314,228 | $3,239,510 |
Fort Worth Education Partnership Inc Fort Worth, TX | $6,170,741 | $4,613,145 |
Uni-Bell Pvc Pipe Association Irving, TX | $1,260,616 | $2,106,268 |
Americans For Fair Treatment Inc Oklahoma City, OK | $1,029,037 | $2,472,942 |