Overview
What is Third Future Schools- Texas?
Third Future Schools- Texas, located in Austin, Texas, is a charter school with a dynamic collegiate pathway. Beginning from preschool, this institution instills the belief that every student will attend college. The college preparatory curriculum is bolstered through university campus exposure and confidence-building experiences. At Third Future Schools, a personalized learning model is employed. Campuses within their network, including Third Future Schools, experience an average of two years' growth in only one year of teaching. This next-generation school model prioritizes preparing students, particularly those from disadvantaged backgrounds, for the workforce and higher education. With a team of 220 employees, they are dedicated to fostering academic success.
Official website here: www.thirdfuture.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% - One-Star out of Four Stars
Third Future Schools in Texas has received a low rating of 54% from Charity Navigator, indicating significant concerns regarding its accountability and financial management. While the organization excels in having a fully independent board, it has notable deficiencies in financial transparency and program funding, which contribute to its overall score.
The strong points highlighted include a fully independent board and effective governance policies, such as a conflict of interest policy and whistleblower protections. However, the nonprofit struggles with financial oversight, as evidenced by a lack of adequate financial statements and a poor liabilities to assets ratio. These issues signal potential risks in the organization’s financial health.
Moreover, the program expense ratio is relatively low, suggesting that a smaller proportion of its budget is allocated towards direct program services. This raises questions about the nonprofit’s operational efficiency and effectiveness in fulfilling its mission. Overall, while there are some governance strengths, the financial management concerns pose significant challenges for Third Future Schools.
This AI summary has been generated from information found on Charity Navigator.
Is Third Future Schools- Texas legitimate?
Third Future Schools- Texas is a legitimate nonprofit organization registered as a 501(c)(3) entity. Third Future Schools- Texas 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,656,497
For more financial information, click here
Official website here: www.thirdfuture.org
What is the mission statement of Third Future Schools- Texas?
Third Future Schools in Texas is dedicated to preparing students, particularly those from disadvantaged backgrounds, for the workforce and higher education. From the very beginning, the charter school instills the expectation that every student will attend college. College prep classroom instruction is augmented through exposure to university campuses and experiences that bolster both parent and student's confidence in college attendance. The personalized learning model utilized at Third Future Schools results in an average growth rate of two years in one year of teaching across their network of campuses.
Official website here: www.thirdfuture.org
Who is the CEO of Third Future Schools- Texas?
Conrad Coleman is the President of Third Future Schools- Texas.
Official website here: www.thirdfuture.org
What is the revenue of Third Future Schools- Texas?
Third Future Schools- Texas's revenue in 2023 was $24,644,724.
Official website here: www.thirdfuture.org
Who are the executives of Third Future Schools- Texas and what are their salaries?
The average compensation at Third Future Schools- Texas during 2023 was $66,620. There are 220 employees at Third Future Schools- Texas.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.thirdfuture.org
Where can I find the form 990 for Third Future Schools- Texas?
Third Future Schools- Texas's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thirdfuture.org
Learn more at the official website: www.thirdfuture.org
Mission Statement of Third Future Schools- Texas
Third Future Schools-Texas is a trailblazing charter school model, dedicated to preparing students, particularly those from economically disadvantaged and minority backgrounds, for success in the workplace and higher education. Instilling the college expectation from the very first day, this innovative institution enhances college-preparatory classroom instruction through university campus exposure and confidence-building experiences that align parents' and students' expectations with the reality of college. The college preparatory model at Third Future Schools-Texas sets ambitious goals and fosters an environment where every student is expected to attend college. Personalized learning is at the heart of their teaching approach, resulting in an average growth of two years in just one year of instruction across their network of schools.
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Impact
October, 2024
Third Future Schools - Texas fosters a transformative educational environment that instills a strong college-bound culture from the first day of attendance. By implementing a college preparatory model, the organization significantly shapes the expectations of students and their families regarding higher education.
Through exposure to university campuses and engaging, confidence-building experiences, students develop a mindset geared toward college success. This approach is particularly impactful for underserved communities, as it works to close educational gaps for poor and minority students.
The personalized learning model employed in classrooms facilitates an impressive average of two years of academic growth within a single year of teaching, challenging the traditional educational timeline and enhancing overall student performance. As a result, students are not only prepared for college but are also equipped with the skills necessary for the workforce, ultimately paving the way for brighter futures and greater opportunities within their communities.
This information is meant to be a general summary of Third Future Schools- Texas. 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.
- Program Service Revenue: $24,626,216
- Gross Receipts: $24,644,724
Assets and Liabilities:
- Total Assets: $9,056,239
- Total Liabilities: $11,741,850
- Net Assets: -$2,685,611
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PER PUPIL REVENUE
Revenue
$24,626,216
Organization Details
Founding Year
2020
Principal Officer
Conrad Coleman
Main Address
411 W MONROE STREET, AUSTIN, TX, 78704
Website
www.thirdfuture.orgNTEE Category
Code: B20 - Education
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