Overview
What is Texas Educational Foundation Inc?
Texas Educational Foundation Inc, based in San Antonio, Texas, primarily focuses on managing the transition of Job Corps Center contracts previously held with the U.S. Department of Labor. This includes handling contract termination, reporting, analysis, and the winding down of operations. The organization is also actively seeking subcontracting opportunities with current Job Corps contractors. Additionally, they are responsible for determining the proper disposition of assets, in line with the governing documents. Originally, the foundation operated a Job Corps Center in Texas, providing educational training programs for an average of around 960 trainees. Now, the organization is in the process of winding down these operations. Texas Educational Foundation Inc has a small workforce of 4 employees.
Official website here: www.tefinc.com
Is Texas Educational Foundation Inc legitimate?
Texas Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Educational Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $136,384
Professional Fundraising Fees: $0
Other Salaries and Wages: $121,418
For more financial information, click here
Official website here: www.tefinc.com
What is the mission statement of Texas Educational Foundation Inc?
Initially, the Texas Educational Foundation Inc's role was centered around operating a Job Corps Center, offering educational training programs to an average of 960 trainees in Texas. This operation was conducted under contract with the U.S. Department of Labor. Recently, the foundation has begun to wind down its activities, terminating the associated contracts and dissolving related operations. In the process, it is actively seeking subcontracting roles with current Job Corps contractors and determining the appropriate disposition of its assets, adhering to the guidelines set by its governing documents.
Official website here: www.tefinc.com
What is the revenue of Texas Educational Foundation Inc?
Texas Educational Foundation Inc's revenue in 2021 was $386,993.
Official website here: www.tefinc.com
Who are the executives of Texas Educational Foundation Inc and what are their salaries?
The average compensation at Texas Educational Foundation Inc during 2021 was $64,450. There are 4 employees at Texas Educational Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $136,384
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.tefinc.com
Where can I find the form 990 for Texas Educational Foundation Inc?
Texas Educational Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.tefinc.com
Learn more at the official website: www.tefinc.com
Mission Statement of Texas Educational Foundation Inc
Texas Educational Foundation Inc, in its former capacity, was responsible for managing an educational training program known as Job Corps Center. This center served around 960 trainees annually, located in Texas, under contract with the U.S. Department of Labor. The organization's mission centered around providing these trainees with the necessary education and skill development to prepare them for future employment opportunities.
However, the Foundation has undergone a significant transition. Currently, it is in the process of winding down its operations, following the termination of its contracts with the U.S. Department of Labor. This involves a meticulous approach, including contract termination, reporting, and analysis, as well as the proper disposition of assets in accordance with the governing documents. Despite the winding down of its primary operations, Texas Educational Foundation Inc is actively seeking subcontracting roles with current Job Corps contractors, demonstrating its continued commitment to education and workforce development.
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Impact
October, 2024
Texas Educational Foundation Inc has significantly impacted the educational landscape in Texas, particularly through its former operation of a Job Corps Center. Serving an average of approximately 960 trainees, the center provided crucial educational training programs under a contract with the U.S. Department of Labor. This initiative played a vital role in equipping young individuals with the skills necessary for employment, thereby enhancing their career prospects and contributing to the local economy.
As the foundation winds down its operations due to the termination of contracts, it is actively seeking subcontracting roles with current Job Corps contractors, ensuring the continued availability of similar educational resources for those in need. Additionally, the foundation is focused on the responsible disposition of assets, aligning with the governance of its documents, thereby ensuring that the legacy of its work in education and employment continues to echo in the community.
This information is meant to be a general summary of Texas Educational Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $386,993
- Gross Receipts: $386,993
Assets and Liabilities:
- Total Assets: $1,129,254
- Total Liabilities: $0
- Net Assets: $1,129,254
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Organization Details
Founding Year
1964
Principal Officer
Stephen E Davis
Website
www.tefinc.comNTEE Category
Code: J220 - Employment
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