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Nonprofiteer
← FORT WORTH EDUCATION PARTNERSHIP INC

Form 990 for tax year 2023

Filed by FORT WORTH EDUCATION PARTNERSHIP INC.

Totals

Total revenue
$10,873,740
Total expenses
$4,321,894
Contributions and grants received
$10,686,454
Grants paid
$1,654,274
Program service revenue
$0
Investment income
$187,286
Other revenue
$0
Total assets, end of year
$12,356,997
Total liabilities, end of year
$66,454
Net assets or fund balances, end of year
$12,290,543
Program services expenses (Part IX)
$4,105,751
Management and general expenses
$216,143
Fundraising expenses
$0
Program service expenses (Part III)
$4,105,751

Program services were 95.0% 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

    $10,686,454

  • 3 · Investment income

    total $187,286 · excluded $187,286

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,654,274 · program services $1,654,274

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $277,916 · program services $222,333 · management and general $55,583

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $945,751 · program services $910,179 · management and general $35,572

  • 8 · Pension plan contributions

    total $23,322 · program services $13,511 · management and general $9,811

  • 9 · Other employee benefits

    total $71,356 · program services $45,849 · management and general $25,507

  • 10 · Payroll taxes

    total $74,553 · program services $68,626 · management and general $5,927

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $1,227 · program services $255 · management and general $972

  • 11c · Fees: accounting

    total $32,990 · management and general $32,990

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $575,077 · program services $575,077

  • 12 · Advertising and promotion

    total $559,083 · program services $559,083

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $19,247 · program services $13,318 · management and general $5,929

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $14,116 · program services $4,531 · management and general $9,585

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $14,315 · program services $9,849 · management and general $4,466

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: OTHER EXPENSES

    total $52,455 · program services $28,223 · management and general $24,232

  • 24b · Other expenses: MEMBERSHIP AND DUES

    total $5,439 · program services $643 · management and general $4,796

  • 24c · Other expenses: BANK FEES & CHARGES

    total $773 · management and general $773

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,729,651 · end of year $408,490

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $650,000 · end of year $3,501,054

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $9,682

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $3,558,908 · end of year $7,437,771

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $1,000,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $204,362 · end of year $66,454

  • 27 · Net assets without donor restrictions

    beginning of year $1,871,663 · end of year $2,582,356

  • 28 · Net assets with donor restrictions

    beginning of year $3,862,534 · end of year $9,708,187

Mission and programs · 2023

Mission

WE BELIEVE THAT EVERY FORT WORTH AREA STUDENT DESERVES THE OPPORTUNITY TO HAVE ACCESS TO HIGH-QUALITY EDUCATION. IN PURSUIT OF THIS, FORT WORTH EDUCATION PARTNERSHIP'S MISSION IS TO SUPPORT, INVEST IN, AND COORDINATE OPPORTUNITIES THAT INCREASE ACCESS TO HIGH-QUALITY EDUCATIONAL EXPERIENCES.

Activities or mission (Part I)

FORT WORTH EDUCATION PARTNERSHIP'S MISSION IS TO SUPPORT, INVEST IN, AND COORDINATE OPPORTUNITIES THAT INCREASE ACCESS TO HIGH-QUALITY EDUCATIONAL EXPERIENCES.

  • 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.

    Expenses $4,105,751 · Grants $1,654,274

As filed on the 2023 return.

Listed in Part VII

  • Javeria Khan Richman

    Superintendent

    Total calculated
    $388,796
    From this org
    $368,777
    From related orgs
    $0
    Other
    $20,019
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,750
    Bonus
    not reported
    Other
    $225,027
    Deferred
    $13,422
    Nontaxable benefits
    $6,597
    Filer's total
    $388,796

  • Brent Beasley

    President

    Total calculated
    $277,916
    From this org
    $267,138
    From related orgs
    $0
    Other
    $10,778
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,000
    Bonus
    $25,000
    Other
    $138
    Deferred
    $9,811
    Nontaxable benefits
    $967
    Filer's total
    $277,916

  • Leila Santillan

    VP OPERATIONS

    Total calculated
    $192,538
    From this org
    $173,498
    From related orgs
    $0
    Other
    $19,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,600
    Bonus
    $28,860
    Other
    $6,038
    Deferred
    $6,013
    Nontaxable benefits
    $13,027
    Filer's total
    $192,538

  • Johamna Hernandez

    DIR OF ORG.

    Total calculated
    $114,984
    From this org
    $107,728
    From related orgs
    $0
    Other
    $7,256
    Hours/week
    40

  • Jon Altschuler

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Chris Barbic

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Jeanelle Davis

    Director

    Total calculated
    $0
    Hours/week
    1

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 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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

Provenance

Return type
form_990
Tax year
2023
Filed
26 August 2024
IRS schema version
2023v5.1
Source object
202442399349301304

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