Nonprofit · EIN 88-1298317
TEXAS FOUNDATION FOR EDUCATION RIGHTS INC
Tax-exempt · DALLAS, TX 75254
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $145,000 | $462,589 | -$317,589 | $6,994 | $10,850 | -$3,856 |
| December 31, 2023 | 990 | $345,000 | $248,571 | $96,429 | $314,103 | $370 | $313,733 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $145,000
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $457,398
- Other expenses
- $5,191
- Program services (functional)
- $323,856
Balance sheet and other
- Total assets, start of year
- $314,103
- Total assets, end of year
- $6,994
- Total liabilities, end of year
- $10,850
- Net assets, end of year
- -$3,856
- Cash, savings and investments
- $6,994
- Gross receipts
- $145,000
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MONTGOMERY BENNETT | Director | 1 | $0 |
| PHILIP AARON HARRIS | Director | 1 | $0 |
| SARAH ZUBIATE BENNETT | Director | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MONTGOMERY BENNETT | Director Trustee or director | 1 | $0 |
| PHILIP AARON HARRIS | Director Trustee or director | 1 | $0 |
| SARAH ZUBIATE BENNETT | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 14185 DALLAS PKWY STE 1150, DALLAS, TX 75254-4309
- Signed the 990-EZ
- PHILIP AARON HARRIS, Director
- Phone
- (972) 980-2700
- Website
- EDUCATIONRIGHTS.ORG
- Return prepared by
- Sutton Frost Cary LLP
Mission
TO PROVIDE FAMILIES WITH AN ALTERNATIVE TO FAILING PUBLIC SCHOOLS AND ALLOW CHILDREN TO ACHIEVE THEIR FULL POTENTIAL AND THRIVE IN ADULTHOOD, REGARDLESS OF THEIR BACKGROUND.
Program accomplishments
- IN 2024, THE TEXAS FOUNDATION FOR EDUCATION RIGHTS (TFER) EMBARKED ON AN IMPACTFUL JOURNEY TO FOSTER AN ENVIRONMENT THAT UPLIFTS STUDENTS FROM DISADVANTAGED ECONOMIC BACKGROUNDS. RECOGNIZING THE CRITICAL ROLE THAT EDUCATION PLAYS IN BREAKING THE CYCLE OF POVERTY, WE LAUNCHED SEVERAL INITIATIVES AIMED AT PROVIDING EQUAL OPPORTUNITIES FOR ALL STUDENTS.Expenses $323,856
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 88-1298317
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $6,994
- Income (IRS master file)
- $145,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $145,000 | $462,589 | $6,994 | XML |
| 990 | December 2023 | $345,000 | $248,571 | $314,103 | XML |
| 990 | December 2022 | $285,000 | $67,696 | $217,767 | IRS |
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 88-1298317).
Questions about TEXAS FOUNDATION FOR EDUCATION RIGHTS INC
- What is the EIN of TEXAS FOUNDATION FOR EDUCATION RIGHTS INC?
- The employer identification number (EIN) of TEXAS FOUNDATION FOR EDUCATION RIGHTS INC is 88-1298317.
- Is TEXAS FOUNDATION FOR EDUCATION RIGHTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to TEXAS FOUNDATION FOR EDUCATION RIGHTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TEXAS FOUNDATION FOR EDUCATION RIGHTS INC 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 TEXAS FOUNDATION FOR EDUCATION RIGHTS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TEXAS FOUNDATION FOR EDUCATION RIGHTS INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of TEXAS FOUNDATION FOR EDUCATION RIGHTS INC?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does TEXAS FOUNDATION FOR EDUCATION RIGHTS INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $145,000, expenses of $462,589 and total assets of $6,994 at year end.
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