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Nonprofit · EIN 46-2295875

KI EDUCATION FOUNDATION

Tax-exempt · SAN MARCOS, TX 78666

Financials

$9.9M$9.5M2023$9.4M$9.5M2024
Revenue Expenses · by fiscal year end
Financials of KI EDUCATION FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$9,374,493$9,510,580-$136,087$7,288,362$1,126,652$6,161,710
June 30, 2024990$9,935,443$9,459,251$476,192$7,257,123$959,326$6,297,797
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$9,222,746
of which government grants
$9,222,746
Program service revenue
$5,516
Investment income
$146,231
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$429,310
Other salaries and wages
$5,905,690
Salaries, compensation and benefits (total)
$7,691,124
Professional fundraising fees
$0
Legal fees
$11,481
Accounting fees
$38,303
Occupancy
$129,370
Travel
$184,450
Depreciation
$59,059
Program services (functional)
$7,916,095
Management and general (functional)
$1,594,485

Balance sheet and other

Total assets, start of year
$7,257,123
Total assets, end of year
$7,288,362
Total liabilities, end of year
$1,126,652
Net assets, end of year
$6,161,710
Land, buildings and equipment
$621,809
Net assets without donor restrictions
$674,341
Net assets with donor restrictions
$5,487,369
Gross receipts
$9,374,493
Employees
131
Volunteers
5
Year formed
2013
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Dr Jerry LagerSuperintendent of Schools
Officer
50$251,893$53,289
Javier GarciaChief Operating Officer
Key employee
40$106,985$21,986
Adrienne DurhamAssociate Superintendent
Key employee
40$97,419$16,621
DrToni SauncyBoard President
Trustee or director, Officer
1$0$0
DrRosina ValleBoard Vice President
Trustee or director, Officer
1$0$0
MrRay CorderoSecretary
Trustee or director, Officer
1$0$0
MrMack WigleyTreasurer
Trustee or director, Officer
1$0$0
Chris AllisonBoard Member
Trustee or director
1$0$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensationOther / benefits
DR JERRY LAGERSUPERINTENDENT OF SCHOOLS
Officer
50$225,101$23,642
CHRIS ALLISONOPERATIONS DIRECTOR
Highest-paid employee
40$132,455$6,125
DR LURA DAVIDSONBOARD PRESIDENT
Trustee or director, Officer
1$0$0
DR ROSINA VALLESECRETARY
Trustee or director, Officer
1$0$0
DR TONI SAUNCYVICE PRESIDENT
Trustee or director, Officer
1$0$0
MACK WIGLEYBOARD MEMBER
Trustee or director
1$0$0
RAFAEL CORDEROBOARD MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
120 BERT BROWN ST, SAN MARCOS, TX 78666-5803
In care of
% KI EDUCATION FOUNDATION
Mailing address (990-N for 2013)
120 Bert Brown Rd, San Marcos TX 78666
Principal officer (990 for 2024)
Jerry Lager, 120 Bert Brown Street, San Marcos, TX 78666
Principal officer (990-N for 2013)
Christopher Allison, 120 Bert Brown Rd, San Marcos TX 78666
Signed the 990
Jerry Lager, Superintendent Of Schools
Phone
(512) 396-8500
Return prepared by
GARZA GONZALEZ AND ASSOCIATES LLC

Mission

Dedicated to fostering student achievement, personal growth, and career readiness.

990 for the year ended June 30, 2025

Program accomplishments

  • In the 2024-2025 school year Ki charter achieved remarkable milestones, demonstrating our commitment to student success and academic growth. During the school year we served 2,662 students, with an estimated mobility rate of 400%. We celebrated the graduation of 5 students,whom worked diligently to reach this milestone. Our students also made impressive strides in career readiness, earning 133 food handler certifications, equipping them with essential skills for the workforce. Ki charter provided eligible students the opportunity to participate in the ASVAB test and had approximately 42 students complete the assessment. Academically, our students showed tremendous literacy progress, with an average reading growth of 1-2 grade levels.Additionally, our commitment to helping students stay on track for graduation resulted in the successful completion of an estimated 105 credit recovery courses, ensuring students regain momentum in their academic journeys. These accomplishments highlight our schools dedication to fostering student achievement, personal growth,and career readiness.
    Expenses $7,916,095 · revenue $5,516

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
46-2295875
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2013
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B25)
Assets (IRS master file)
$7,288,362
Income (IRS master file)
$9,374,493

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$9,374,493$9,510,580$7,288,362XML
990June 2024$9,935,443$9,459,251$7,257,123IRS
990June 2023$9,375,625$8,166,850$6,718,839IRS
990June 2022$6,578,842$6,157,996$5,317,599IRS
990June 2021–––IRS
990-N for 2013
Officer: Christopher Allison
June 30, 2014≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-2295875).

Questions about KI EDUCATION FOUNDATION

What is the EIN of KI EDUCATION FOUNDATION?
The employer identification number (EIN) of KI EDUCATION FOUNDATION is 46-2295875.
Is KI EDUCATION FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
Are donations to KI EDUCATION FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KI EDUCATION FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of KI EDUCATION FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KI EDUCATION FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of KI EDUCATION FOUNDATION?
The 990 for the year ended June 30, 2025 names Jerry Lager.
Who are the officers and directors of KI EDUCATION FOUNDATION?
The 990 for the year ended June 30, 2025 lists 8 people; 3 received compensation from the organization, the highest $251,893 (Dr Jerry Lager, Superintendent of Schools).
How much revenue does KI EDUCATION FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $9,374,493, expenses of $9,510,580 and total assets of $7,288,362 at year end.

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