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← VALOR EDUCATION FOUNDATION

Form 990 for tax year 2022

Filed by VALOR EDUCATION FOUNDATION.

Totals

Total revenue
$2,792,552
Total expenses
$2,847,850
Contributions and grants received
$2,787,541
Grants paid
$2,748,155
Program service revenue
$5,011
Investment income
$0
Other revenue
$0
Total assets, end of year
$306,090
Total liabilities, end of year
$208,081
Net assets or fund balances, end of year
$98,009
Program services expenses (Part IX)
$2,789,368
Management and general expenses
$58,482
Fundraising expenses
$0
Program service expenses (Part III)
$2,789,368

Program services were 97.9% 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.

  • 1f · All other contributions, gifts and grants

    $2,787,541

  • 2a · Program service revenue: Symposium fees

    total $5,011 · related or exempt $5,011

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,748,155 · program services $2,748,155

  • 11b · Fees: legal

    total $8,700 · management and general $8,700

  • 11c · Fees: accounting

    total $3,000 · management and general $3,000

  • 11g · Fees: other

    total $3,500 · program services $140 · management and general $3,360

  • 12 · Advertising and promotion

    total $10,160 · program services $9,950 · management and general $210

  • 13 · Office expenses

    total $42,560 · management and general $42,560

  • 14 · Information technology

    total $2,059 · program services $2,017 · management and general $42

  • 17 · Travel

    total $23,026 · program services $22,553 · management and general $473

  • 19 · Conferences, conventions and meetings

    total $2,114 · program services $2,071 · management and general $43

  • 24a · Other expenses: Dues and subscriptions

    total $4,576 · program services $4,482 · management and general $94

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $153,307 · end of year $306,090

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $208,081

  • 27 · Net assets without donor restrictions

    beginning of year $153,307 · end of year $98,009

Mission and programs · 2022

Mission

Valor Education Foundation was established to provide financial support for the activities and mission of Valor Public Schools.

Activities or mission (Part I)

To support Valor Public Schools and the Valor Institute.

  • Valor Education Foundation was established to provide financial support for the activities and mission of Valor Texas Education Foundation ("Valor"). The Foundation supports Valor by aiding and enhancing Valor's community relations, fundraising, and philanthropic endeavors as well as relieving and assisting Valor's leadership of these responsibilities, leaving them free to focus on Valor's educational mission of serving its students.

    Expenses $2,789,368 · Grants $2,748,155 · Revenue $5,011

As filed on the 2022 return.

Listed in Part VII

  • David Williams

    President

    Total calculated
    $0
    Hours/week
    0.25

  • Jesse Bates

    Secretary, COO

    Total calculated
    $0
    Hours/week
    0.25

  • Conor Hill

    Director

    Total calculated
    $0
    Hours/week
    0.25

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349307302

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

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