Overview
What is Texo Foundation?
The Texo Foundation, located in Dallas, Texas, serves as a nonprofit organization primarily focused on the realm of construction and civil engineering. Established with a mission to foster innovation, the foundation offers scholarships and education grants to support the community engaged in construction education. With a modest workforce of one employee, Texo Foundation is committed to nurturing and developing the next generation of professionals in this field. Their efforts extend beyond financial aid, providing resources and opportunities that contribute to the growth and success of the construction education community.
Official website here: www.texoassociation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57% (One-Star out of Four Stars)
The Texo Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability. The overall score reflects a sole focus on the Accountability & Finance beacon, where it scored 57%. This rating suggests that while some governance practices are in place, there are critical areas needing improvement, particularly in financial management and transparency.
On the positive side, the organization demonstrates strong governance with a fully independent board, scoring top marks in areas such as board independence and the existence of various policies. It has no reported material diversion of assets, which indicates a commitment to ethical management. However, despite these strengths, the foundation's score is heavily impacted by a poor program expense ratio and a concerning liabilities to assets ratio.
The foundation's low program expense ratio of 23.64% suggests that a relatively small portion of its resources is being directed towards its programs, raising questions about its operational effectiveness. Additionally, the absence of the nonprofit's tax form on its website could hinder transparency and trust with potential donors. Overall, while there are commendable governance aspects, the foundation faces significant challenges that could affect its long-term sustainability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Texo Foundation legitimate?
Texo Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texo Foundation 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: $68,809
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.texoassociation.org
What is the mission statement of Texo Foundation?
The Texo Foundation's mission is focused on driving innovation within the construction education community. They achieve this by developing relevant programs, offering scholarships, and providing education grants. This support aims to foster growth and development within the field of construction and civil engineering. The organization extends its assistance through university grants and student scholarships, thereby contributing to the advancement of the construction education sector.
Official website here: www.texoassociation.org
Who is the CEO of Texo Foundation?
Larinda Smith is the Texo Fdn Manager Start: 03/22 of Texo Foundation. The CEO's salary of Texo Foundation is $0 and their total compensation is $260,278.
Official website here: www.texoassociation.org
What is the revenue of Texo Foundation?
Texo Foundation's revenue in 2022 was $117,617.
Official website here: www.texoassociation.org
Who are the executives of Texo Foundation and what are their salaries?
The average compensation at Texo Foundation during 2022 was $68,809. There is 1 employee and 350 volunteers at Texo Foundation.
Here are 13 key members and their salaries (Texo Foundation's CEO's salary is $0 and their total compensation is $260,278):
- Compensation: $0
- Related: $245,380
- Other: $14,898
- Compensation: $0
- Related: $149,534
- Other: $19,205
- Compensation: $0
- Related: $120,230
- Other: $20,545
- Compensation: $62,868
- Related: $0
- Other: $5,941
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- 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.texoassociation.org
Where can I find the form 990 for Texo Foundation?
Texo Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.texoassociation.org
Learn more at the official website: www.texoassociation.org
Mission Statement of Texo Foundation
Texo Foundation, a nonprofit organization, is committed to driving innovation in the construction education sector. They achieve this by developing unique programs, offering scholarships, and providing education grants. The primary goal of Texo Foundation is to support the community involved in construction and civil engineering education. To fulfill its mission, Texo Foundation provides university grants and scholarships in these specific fields, thereby contributing significantly to the development of professionals in the construction industry.
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Impact
October, 2024
Texo Foundation has made a significant impact in the construction education community by developing innovative programs and providing essential financial support through scholarships and education grants. Focused on advancing knowledge within construction and civil engineering, the foundation offers university grants and student scholarships that empower the next generation of professionals in these fields. Based in Dallas, TX, Texo Foundation's initiatives are geared towards enhancing educational opportunities, fostering talent, and ultimately driving progress in the construction industry. By investing in education, the foundation not only supports individual students but also contributes to the broader advancement of the construction sector.
This information is meant to be a general summary of Texo Foundation. 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 2022.
- Investment Income: $20,232
- Program Service Revenue: $36,314
- Gross Receipts: $266,144
Assets and Liabilities:
- Total Assets: $1,220,630
- Total Liabilities: $27,922
- Net Assets: $1,192,708
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$36,314
Organization Details
Founding Year
1988
Phone
(972) 647-0697Principal Officer
Larinda Smith
Main Address
11101 Stemmons Freeway, Dallas, TX, 75229
Website
www.texoassociation.orgNTEE Category
Code: B82 - Education
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