Overview
What is Texas Academic Decathlon Foundation?
The Texas Academic Decathlon Foundation, situated in San Antonio, Texas, is a dedicated nonprofit organization. Its primary mission is to organize academic competitions, culminating in the awarding of scholarships to the competition winners. By doing so, the foundation actively promotes academic excellence among its participants. With a modest team of one individual, the Texas Academic Decathlon Foundation strives to foster a competitive yet enriching learning environment, contributing positively to the educational landscape in Texas.
Official website here: www.txacadec.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating
The Texas Academic Decathlon Foundation has received a commendable score of 84%, which reflects its solid performance in accountability and finance. A key strength of the organization is its fully independent board, which consists of 21 members, ensuring that governance is free from conflicts of interest. Additionally, the foundation has demonstrated strong financial management, with a noteworthy program expense ratio of 85.60%, indicating that a significant portion of its funds directly supports its mission.
However, the foundation has some limitations in its governance policies, as evidenced by missing policies on conflict of interest, whistleblower protections, and document retention. These gaps may raise concerns about the overall transparency and accountability within the organization. Furthermore, while the foundation’s financial statements are audited, the absence of its tax form on the nonprofit's website could limit accessibility for potential donors seeking to assess financial health.
Overall, while the Texas Academic Decathlon Foundation showcases strong financial commitment and governance through independent board members, addressing the noted policy gaps could enhance its accountability and trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Academic Decathlon Foundation legitimate?
Texas Academic Decathlon Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Academic Decathlon 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: $126,512
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.txacadec.org
What is the mission statement of Texas Academic Decathlon Foundation?
The Texas Academic Decathlon Foundation's primary purpose is to organize academic competitions. These competitions serve as a platform to award scholarships, thereby promoting academic excellence among participants. The organization's mission is to host these competitions and reward the winners with scholarships, thereby fostering a competitive academic environment. The foundation's activities are centered around organizing these competitions and recognizing outstanding academic performance through scholarships.
Official website here: www.txacadec.org
Who is the CEO of Texas Academic Decathlon Foundation?
Rick Hopkins is the Executive Director of Texas Academic Decathlon Foundation.
Official website here: www.txacadec.org
What is the revenue of Texas Academic Decathlon Foundation?
Texas Academic Decathlon Foundation's revenue in 2023 was $1,072,334.
Official website here: www.txacadec.org
Who are the executives of Texas Academic Decathlon Foundation and what are their salaries?
The average compensation at Texas Academic Decathlon Foundation during 2023 was $126,512. There is 1 employee and 2000 volunteers at Texas Academic Decathlon Foundation.
Here are 22 key members and their salaries:
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Official website here: www.txacadec.org
Where can I find the form 990 for Texas Academic Decathlon Foundation?
Texas Academic Decathlon Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.txacadec.org
Learn more at the official website: www.txacadec.org
Mission Statement of Texas Academic Decathlon Foundation
The Texas Academic Decathlon Foundation is an organization that plays a significant role in fostering academic excellence. Its primary mission is to organize academic competitions, with the ultimate goal of awarding scholarships to the competition's winners. By doing so, the foundation encourages and recognizes the academic achievements of participating students. The competitions, hosted by the Texas Academic Decathlon Foundation, aim to promote academic growth and development, inspiring students to reach their full potential.
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Impact
July, 2024
The Texas Academic Decathlon Foundation's impact lies in hosting academic competitions that result in awarding scholarships and promoting academic excellence. Through these competitions, the organization recognizes and rewards the achievements of students, inspiring them to strive for academic success and excellence. Overall, the foundation plays a significant role in fostering a culture of learning and intellectual growth among students in the state of Texas.
This information is meant to be a general summary of Texas Academic Decathlon 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 2023.
- Investment Income: $13,542
- Program Service Revenue: $650,974
- Gross Receipts: $1,072,334
Assets and Liabilities:
- Total Assets: $1,938,275
- Total Liabilities: $0
- Net Assets: $1,938,275
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$454,150
SALES/STUDY GUIDES
Revenue
$95,585
MANAGEMENT TEAM FEES
Revenue
$78,600
STATE FEES
Revenue
$18,639
USAD FUNDS
Revenue
$4,000
Organization Details
Founding Year
1990
Phone
(210) 241-8856Principal Officer
Rick Hopkins
Main Address
4301 BROADWAY CPO 479, SAN ANTONIO, TX, 78209
Website
www.txacadec.orgNTEE Category
Code: Z99 - Unknown
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