Fort Worth Education Partnership Inc
- Assets
- $12.4m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Fort Worth, TX
- Founding
- Data as of
- 12/2023
- 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 12/2023, Fort Worth Education Partnership Inc employed 12 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 12/2023, Fort Worth Education Partnership Inc generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $4.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fort Worth Education Partnership Inc has awarded 32 individual grants totaling $4,954,901. 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
2023
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 FOUNDING AND GROWTH OF HIGH-QUALITY SCHOOL OPERATORS IN FORT WORTH TO OPEN NEW SCHOOLS AND ENGAGE IN UNIQUE DISTRICT-CHARTER PARTNERSHIPS. 2. ADVOCACY: SUPPORTED PARENT ORGANIZING AND GOTV WORK TO ENSURE PARENT VOICES ARE PRESENT IN CONVERSATIONS ABOUT EDUCATION. 3. TALENT: SUPPORTED OPPORTUNITIES TO EXPAND HIGH-QUALITY TEACHER PIPELINES LOCALLY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Javeria Khan Richman Superintendent | 40 | $368,777 | |
Brent Beasley President | OfficerTrustee | 40 | $267,138 |
Leila Santillan VP Operations | 40 | $173,498 | |
Johamna Hernandez Dir Of Org. | 40 | $107,728 | |
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 | 12/30/23 | $104,001 |
Pace Strategies Education Support | 12/30/23 | $164,752 |
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 | $10,686,454 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,686,454 |
| Total Program Service Revenue | $0 |
| Investment income | $187,286 |
| 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 | $10,873,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,654,274 |
| 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. | $277,916 |
| Compensation of current officers, directors, key employees. | $55,583 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $945,751 |
| Pension plan accruals and contributions | $23,322 |
| Other employee benefits | $71,356 |
| Payroll taxes | $74,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,227 |
| Fees for services: Accounting | $32,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $575,077 |
| Advertising and promotion | $559,083 |
| Office expenses | $0 |
| Information technology | $19,247 |
| Royalties | $0 |
| Occupancy | $14,116 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,315 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,321,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,490 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,501,054 |
| 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 | $9,682 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,437,771 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000,000 |
| Total assets | $12,356,997 |
| Accounts payable and accrued expenses | $66,454 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $66,454 |
| Net assets without donor restrictions | $2,582,356 |
| Net assets with donor restrictions | $9,708,187 |
| 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 | $12,356,997 |
Grants Awarded
Over the last fiscal year, Fort Worth Education Partnership Inc has awarded $1,639,248 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BRAVER TOGETHER PURPOSE: EDUCATION ACTIVITIES | $15,000 |
ILLUMINATION EDUCATION PURPOSE: START UP SCHOOL OPERATIONS | $875,000 |
LATINO ED EQUITY PARTNERSHIP PURPOSE: APPLICATION SUPPORT | $50,000 |
NEW VENTURE FUND PURPOSE: PARENT LEADERSHIP PROGRAM | $320,000 |
RISING STAR BAPTIST CHURCH PURPOSE: SUMMER ED PROGRAMMING | $10,000 |
TEXAS CHRISTIAN UNIVERSITY PURPOSE: MAESTRO TEACHING PROGRAM | $200,000 |