Totals
- Total revenue
- $269,368
- Total expenses
- $256,104
- Contributions and grants received
- $112,500
- Grants paid
- $2,500
- Program service revenue
- $145,899
- Investment income
- $10,969
- Other revenue
- $0
- Total assets, end of year
- $605,523
- Total liabilities, end of year
- $121,885
- Net assets or fund balances, end of year
- $483,638
- Program services expenses (Part IX)
- $240,070
- Management and general expenses
- $16,034
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $240,070
Program services were 93.7% 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
$112,500
-
2a · Program service revenue: Consulting Revenue
total $109,535 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Services
total $36,364 · unrelated business $0 · excluded $0
-
3 · Investment income
total $10,969 · unrelated business $0 · excluded $10,969
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,500 · program services $2,500
-
11a · Fees: management
total $220,024 · program services $220,024 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $3,280 · program services $0 · management and general $3,280 · fundraising $0
-
12 · Advertising and promotion
total $110 · program services $110 · management and general $0 · fundraising $0
-
13 · Office expenses
total $3,828 · program services $0 · management and general $3,828 · fundraising $0
-
14 · Information technology
total $4,179 · program services $4,179 · management and general $0 · fundraising $0
-
17 · Travel
total $2,367 · program services $2,367 · management and general $0 · fundraising $0
-
20 · Interest
total $1,024 · program services $1,024 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $9,129 · program services $9,129 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $0 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: Bank Fees
total $90 · program services $90 · management and general $0 · fundraising $0
-
24b · Other expenses: Dues and Subscriptions
total $8,919 · program services $0 · management and general $8,919 · fundraising $0
-
24c · Other expenses: Parking and Tolls
total $7 · program services $0 · management and general $7 · fundraising $0
-
24d · Other expenses: Miscellaneous
total $647 · program services $647 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $619,832 · end of year $534,383
-
4 · Accounts receivable
end of year $36,364
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $15,007
-
9 · Prepaid expenses and deferred charges
beginning of year $3,923 · end of year $19,769
-
17 · Accounts payable and accrued expenses
beginning of year $7,150 · end of year -$17,678
-
23 · Secured mortgages and notes payable
beginning of year $144,106 · end of year $139,563
-
31 · Retained earnings, endowment or other funds
beginning of year $472,499 · end of year $483,638
Mission and programs · 2023
Mission
The Texas School Venture Fund's mission is to increase the supply and diversity of great schools in communities where families want more options, thereby getting to the day when there is enough quality and diversity in school options.
Activities or mission (Part I)
Help start new schools and help grow great school options in the community.
-
Neighborhood schools: Provide start up support for new community-based charter schools in the process of growing to full size over the first 6 years, including a new high school and adult education training school.
Expenses $240,070 · Grants $10,000 · Revenue $109,535
As filed on the 2023 return.
Listed in Part VII
-
Leo Linbeck III
Chair
- Total calculated
- $0
- Hours/week
- 4
-
Mike Feinberg
President
- Total calculated
- $0
- Hours/week
- 10
-
Howard Fuller
Director
- Total calculated
- $0
- Hours/week
- 1
-
Karol Musher
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202411709349300216
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