Skip to content
Nonprofiteer
← VALOR TEXAS EDUCATION FOUNDATION

Form 990 for tax year 2023

Filed by VALOR TEXAS EDUCATION FOUNDATION.

Totals

Total revenue
$41,223,823
Total expenses
$36,158,116
Contributions and grants received
$37,068,421
Grants paid
$0
Program services expenses (Part IX)
$32,907,686
Management and general expenses
$2,862,905
Fundraising expenses
$387,525
Program service expenses (Part III)
$32,907,686

Program services were 91.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Adam Muller

    Chair

    Total calculated
    $0
    Hours/week
    10

  • Cara Valle

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Dan Connelly

    Director

    Total calculated
    $0
    Hours/week
    1

  • Melissa Dodson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mandy Drogin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert Fender

    Director

    Total calculated
    $0
    Hours/week
    1

  • Greg Mauro

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Williams

    President & CEO

    Total calculated
    $247,938
    From this org
    $241,442
    From related orgs
    $0
    Other
    $6,496
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,950
    Bonus
    $38,492
    Other
    $0
    Deferred
    $6,230
    Nontaxable benefits
    $266
    Filer's total
    $247,938

  • Jesse Bates

    COO

    Total calculated
    $176,025
    From this org
    $147,375
    From related orgs
    $0
    Other
    $28,650
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,080
    Bonus
    $11,295
    Other
    $0
    Deferred
    $3,807
    Nontaxable benefits
    $24,843
    Filer's total
    $176,025

  • Stephen Gordon

    Superintendent of Schools

    Total calculated
    $171,181
    From this org
    $142,630
    From related orgs
    $0
    Other
    $28,551
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,118
    Bonus
    $11,512
    Other
    $0
    Deferred
    $3,684
    Nontaxable benefits
    $24,867
    Filer's total
    $171,181

  • Ramsey Margison

    CFO

    Total calculated
    $156,388
    From this org
    $140,288
    From related orgs
    $0
    Other
    $16,100
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,288
    Bonus
    $6,000
    Other
    $0
    Deferred
    $3,623
    Nontaxable benefits
    $12,477
    Filer's total
    $156,388

  • Ward Huseth

    Chief Growth & Development Officer

    Total calculated
    $140,460
    From this org
    $127,121
    From related orgs
    $0
    Other
    $13,339
    Hours/week
    40

  • Joel VanDerworp

    Director of School Programs

    Total calculated
    $151,605
    From this org
    $123,572
    From related orgs
    $0
    Other
    $28,033
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,572
    Bonus
    $6,000
    Other
    $0
    Deferred
    $3,191
    Nontaxable benefits
    $24,842
    Filer's total
    $151,605

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a
The School's President, David Williams, occasionally is required to travel on short notice or during regular School hours. During FYE 6/30/24, he made 3 trips with first class seating in order to be able to make the best use of his time. The total cost of these flights was $2,292. The amount was deemed to be a necessary School expense and was not included in his taxable compensation.
Part I, Line 7
The Board of Directors meet during a closed session annually in June to discuss executive performance, pay increases, and performance bonuses. Bonuses of up to 10% of salary may be awarded.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501349349312780

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.