The Foundation
Only 32% goes to programs $0 to raise $100 Strong reserves Growing revenue
The Foundation is a 501(c)(3) organization based in Austin, Texas, registered in 2023, with $138,258,450 in FY2023 revenue. CharityIndex grades it C, and it directs about 32% of spending to programs.
Po Box 341886, Austin, TX, 78734 EIN 92-0742101 Since 2023
Revenue (FY2023)
$138.3M
▲ 38.1% vs prior year
Education median: $200K
Expenses (FY2023)
$86K
Net assets
$269.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
FProgram efficiency40% of the rating32% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For The Foundation: 32% to programs · $0 to raise $100 earns a F on this criterion. See the exact thresholds →
B+Financial health25% of the rating37862 mo reserves · +100% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Foundation: 37862 mo reserves · +100% margin earns a B+ on this criterion. See the exact thresholds →
CGovernance25% of the rating2 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The Foundation: 2 of 6 checks met earns a C on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To create schools dedicated to stem education at the highest levels.
Contact & location
- Address
- Po Box 341886, Austin, TX, 78734
- City
- Austin
- State
- Texas
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $100.1M (FY2022) to $138.3M (FY2023) across 2 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $3,989Net assets $269.9M
Operating margin
99.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$269.9M
Total liabilities
$3,989
Net assets
$269.9M
Salaries & benefits
$0
0% of expenses
Board members
4
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $138,258,450▲38.1% | $85,557▲237% | $269,945,772▲33.0% | $269,949,761▲33.0% | 990 |
| 2022 | $100,110,359 | $25,385 | $202,937,199 | $202,982,507 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jared Birchall | President | 1 | — |
| Ronald Gong | Secretary | 1 | — |
| Steven Chidester | Trustee | 1 | — |
| Teresa Holland | Treasurer | 1 | — |
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Compare The Foundation
Frequently asked questions
- Is The Foundation a legitimate nonprofit?
- Yes. The Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 92-0742101, based in Austin, Texas. Donations are tax-deductible.
- What is The Foundation's EIN?
- The Foundation's Employer Identification Number (EIN) is 92-0742101.
- How much revenue does The Foundation report?
- The Foundation reported $138,258,450 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of The Foundation's spending goes to programs?
- The Foundation spends about 32% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The Foundation have?
- CharityIndex grades The Foundation C, based on program efficiency and fundraising cost.
- How much does The Foundation's highest-paid employee make?
- The highest reported compensation on The Foundation's latest Form 990 is $0, paid to Jared Birchall (President).
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Data for The Foundation (EIN 92-0742101) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.