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Nonprofiteer
← W OSCAR NEUHAUS MEMORIAL FOUNDATION

Form 990 for tax year 2023

Filed by W OSCAR NEUHAUS MEMORIAL FOUNDATION.

Totals

Total revenue
$5,989,577
Total expenses
$7,842,926
Contributions and grants received
$2,150,104
Grants paid
$43,920
Program service revenue
$3,384,567
Investment income
$523,442
Other revenue
-$68,536
Total assets, end of year
$12,254,489
Total liabilities, end of year
$995,802
Net assets or fund balances, end of year
$11,258,687
Program services expenses (Part IX)
$5,526,157
Management and general expenses
$1,634,780
Fundraising expenses
$681,989
Program service expenses (Part III)
$5,526,157

Program services were 70.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $471,200

  • 1f · All other contributions, gifts and grants

    $1,678,904

  • 1g · Noncash contributions included above

    $55,997

  • 2a · Program service revenue: Tuition and fees

    total $2,442,419 · related or exempt $2,442,419

  • 2b · Program service revenue: Educational materials

    total $942,148 · related or exempt $942,148

  • 3 · Investment income

    total $266,219 · excluded $266,219

  • 7a · Gross sales of assets other than inventory

    securities $553,417

  • 7b · Less cost or other basis and sales expenses

    securities $296,194

  • 7c · Gain or loss

    securities $257,223

  • 7d · Net gain or loss

    total $257,223 · excluded $257,223

  • 8a · Fundraising events: gross income

    $49,250

  • 8a · Fundraising events: contributions included on line 1c

    $471,200

  • 8b · Fundraising events: direct expenses

    $117,786

  • 8c · Net income from fundraising events

    total -$68,536 · excluded -$68,536

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $43,920 · program services $43,920

  • 5 · Compensation of officers, directors and key employees

    total $774,011 · program services $569,130 · management and general $132,434 · fundraising $72,447

  • 7 · Other salaries and wages

    total $3,785,723 · program services $2,783,642 · management and general $647,737 · fundraising $354,344

  • 8 · Pension plan contributions

    total $90,983 · program services $66,900 · management and general $15,567 · fundraising $8,516

  • 9 · Other employee benefits

    total $523,325 · program services $384,801 · management and general $89,541 · fundraising $48,983

  • 10 · Payroll taxes

    total $388,009 · program services $285,303 · management and general $66,388 · fundraising $36,318

  • 11c · Fees: accounting

    total $43,050 · management and general $43,050

  • 11f · Fees: investment management

    total $30,000 · management and general $30,000

  • 11g · Fees: other

    total $598,390 · program services $310,377 · management and general $228,542 · fundraising $59,471

  • 13 · Office expenses

    total $216,853 · program services $137,599 · management and general $44,391 · fundraising $34,863

  • 14 · Information technology

    total $307,779 · program services $48,953 · management and general $229,562 · fundraising $29,264

  • 16 · Occupancy

    total $171,401 · program services $124,076 · management and general $35,753 · fundraising $11,572

  • 17 · Travel

    total $105,941 · program services $91,255 · management and general $11,283 · fundraising $3,403

  • 19 · Conferences, conventions and meetings

    total $90,355 · program services $74,133 · management and general $10,159 · fundraising $6,063

  • 22 · Depreciation, depletion and amortization

    total $124,497 · program services $102,088 · management and general $13,695 · fundraising $8,714

  • 24a · Other expenses: Educational materials

    total $460,620 · program services $460,620

  • 24b · Other expenses: Dues & subscriptions

    total $88,069 · program services $43,360 · management and general $36,678 · fundraising $8,031

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $306,808 · end of year $573,085

  • 3 · Pledges and grants receivable

    beginning of year $577,624 · end of year $644,096

  • 4 · Accounts receivable

    beginning of year $500,687 · end of year $163,562

  • 8 · Inventories for sale or use

    beginning of year $95,251 · end of year $97,130

  • 9 · Prepaid expenses and deferred charges

    beginning of year $99,863 · end of year $92,207

  • 10a · Land, buildings and equipment: cost or other basis

    $4,074,541

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,825,977

  • 10c · Land, buildings and equipment, net

    beginning of year $1,357,061 · end of year $1,248,564

  • 11 · Investments: publicly traded securities

    beginning of year $9,971,825 · end of year $9,435,845

  • 17 · Accounts payable and accrued expenses

    beginning of year $505,379 · end of year $495,855

  • 19 · Deferred revenue

    beginning of year $220,357 · end of year $499,947

  • 27 · Net assets without donor restrictions

    beginning of year $4,217,095 · end of year $2,789,411

  • 28 · Net assets with donor restrictions

    beginning of year $7,966,288 · end of year $8,469,276

Mission and programs · 2023

Mission

See Schedule OThe W. Oscar Neuhaus Memorial Foundation ("Neuhaus") is a 501(c)(3) non-profit educational foundation dedicated to promoting reading success for all. Neuhaus provides evidence-based training and support to educators and district leaders, supplies information and resources to families, and offers direct services to adult learners. Its services are offered in a variety of ways, including mentoring, individual instruction, online programming, and on-site courses.

Activities or mission (Part I)

To promote reading success by providing evidence-based services to educators & school districts.

  • See Schedule ONeuhaus Education Center has been a trailblazer in solutions for overcoming obstacles to literacy, including dyslexia, and today it is a nationally recognized leader in the implementation of the Science of Reading, applying research-based methods that help all students achieve skilled reading and literacy goals. This commitment to providing the most up-to-date, scientifically researched methods is what makes Neuhaus unique in its field and ensures that teachers and students are offered the most effective programs available.The Teacher Professional Development program consists of over 30 classes to address a variety of learners. During 2023 and 2022, respectively, 3,118 and 3,617 teachers were trained by Neuhaus instructors, representing 5,978 and 5,896 class enrollments during 2023 and 2022, respectively. Neuhaus' Family Support Office receives contacts from parents and family members concerned about dyslexia and reading difficulties in their children. We at Neuhaus know that home is where literacy takes root, and we provide families with resources and referral services. During 2023, the Family Support program has helped more than 6,000 families, earning their trust by listening intently to their concerns. Neuhaus hosts monthly information sessions on reading difficulties (especially dyslexia), Texas dyslexia legislation, forums for college-bound students, as well as library resources at no cost to families.During 2023 and 2022, respectively, 107 and 72 adult learners received critical literacy instruction to help achieve their personal literacy goals. Neuhaus Education Center is the only Adult Literacy program in Houston where classes are taught by Certified Academic Language Therapists, equivalent to a dyslexia therapist, to help students reach their skilled reading goals. Neuhaus incorporates age-appropriate materials and real-world sources, such as newspapers and magazines, for a practical learning experience, and groups participants by reading level which also promotes community.

    Expenses $5,526,157 · Grants $43,920 · Revenue $3,384,567

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Palmquist

    Chair

    Total calculated
    $0
    Hours/week
    10

  • Jamie Grissom

    Vice-Chair

    Total calculated
    $0
    Hours/week
    2

  • Amy Thompson

    Vice-Chair

    Total calculated
    $0
    Hours/week
    2

  • Loretta Cross

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Leanne Brooks Scott

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Holly Anderson

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Ben Andrews

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Amos C Benning

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Scott Butler

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Stacy Bynes

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Edward B Crain

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • George Edwards

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jennifer W Hazelton

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Jeffery

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Katherine Kardesch

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jack Lyons

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Suzanne McCarthy

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Edward K Neuhaus

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • William Neuhaus

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Linda Nunnery

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Kristen O Stubbs

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Tracy Weeden

    President & CEO

    Total calculated
    $293,541
    From this org
    $261,667
    From related orgs
    $0
    Other
    $31,874
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $261,667
    Bonus
    $0
    Other
    $0
    Deferred
    $15,700
    Nontaxable benefits
    $16,174
    Filer's total
    $293,541

  • Rayanne Darensbourg

    Chief Operating Officer (thru 1/20)

    Total calculated
    $21,778
    From this org
    $19,482
    From related orgs
    $0
    Other
    $2,296
    Hours/week
    40

  • Sai Pathi

    Chief Financial Officer (from 3/1)

    Total calculated
    $149,049
    From this org
    $138,805
    From related orgs
    $0
    Other
    $10,244
    Hours/week
    40

  • Bronwyn Walker

    Chief Strategy Officer (thru 9/22)

    Total calculated
    $141,105
    From this org
    $123,578
    From related orgs
    $0
    Other
    $17,527
    Hours/week
    40

  • Mary Allison Peck

    Chief Academic Officer

    Total calculated
    $168,538
    From this org
    $146,280
    From related orgs
    $0
    Other
    $22,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,280
    Bonus
    $0
    Other
    $0
    Deferred
    $8,777
    Nontaxable benefits
    $13,481
    Filer's total
    $168,538

  • Mary Catherine Scott

    VP Curric. & Instructional Design

    Total calculated
    $129,233
    From this org
    $121,794
    From related orgs
    $0
    Other
    $7,439
    Hours/week
    40

  • Katherine Wisian

    VP of Advancement

    Total calculated
    $127,466
    From this org
    $109,425
    From related orgs
    $0
    Other
    $18,041
    Hours/week
    40

  • Samuel McCollum

    AVP Strategic Partnerships

    Total calculated
    $122,598
    From this org
    $109,381
    From related orgs
    $0
    Other
    $13,217
    Hours/week
    40

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, and on a Form 990-PF Part VIII's — 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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
19 August 2024
IRS schema version
2023v5.1
Source object
202432329349301233

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