Nonprofit · EIN 06-1372326
INVESTMENT & RESEARCH IN EDUCATION INC
Tax-exempt (reinstated) · HOUSTON, TX 77034
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $42,318,133 | $26,820,471 | $15,497,662 | $62,713,239 | $14,164,919 | $48,548,320 |
| December 31, 2023 | 990 | $18,655,695 | $2,523,230 | $16,132,465 | $52,040,658 | $19,670,085 | $32,370,573 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $38,241,492
- Program service revenue
- $0
- Investment income
- $3,954,273
- Net gain from sales of assets
- $1,288,216
- Other revenue
- $122,368
Expenses
- Grants and similar amounts paid
- $25,943,421
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $30,181
- Program services (functional)
- $25,943,421
- Management and general (functional)
- $877,050
Balance sheet and other
- Total assets, start of year
- $52,040,658
- Total assets, end of year
- $62,713,239
- Total liabilities, end of year
- $14,164,919
- Net assets, end of year
- $48,548,320
- Publicly traded securities
- $46,644,039
- Gross receipts
- $125,600,585
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1993
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN CONNOR | DIRECTOR AND PRESIDENT Trustee or director, Officer | 1 | $0 |
| HERNAN JIMENEZ | DIRECTOR & VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| LUIS ALBERTO HANAO | SECRETARY & DIRECTOR Trustee or director, Officer | 1 | $0 |
| JOSE G CARDENAS | TREASURER & DIRECTOR Trustee or director, Officer | 1 | $0 |
| Jesus Villagrasa | Director Trustee or director | 1 | $0 |
| FRANK FORMOLO | ASSISTANT SECRETARY Officer | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN CONNOR | DIRECTOR AND PRESIDENT Trustee or director, Officer | 1 | $0 |
| HERNAN JIMENEZ | DIRECTOR & VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| LUIS ALBERTO HANAO | SECRETARY & DIRECTOR Trustee or director, Officer | 1 | $0 |
| JOSE G CARDENAS | TREASURER & DIRECTOR Trustee or director, Officer | 1 | $0 |
| Jesus Villagrasa | Director Trustee or director | 1 | $0 |
| FRANK FORMOLO | ASSISTANT SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 11550 FUQUA ST STE 475, HOUSTON, TX 77034-4304
- In care of
- % ALVARO DI GIAMMATTEO
- Principal officer (990 for 2024)
- JOSE GERARDO CARDENAS JIMENEZ, 11550 Fuqua Street475, Houston, TX 77034
- Signed the 990
- JOSE GERARDO CARDENAS JIMENEZ, TREASURER
- Phone
- (713) 659-6551
- Return prepared by
- BDO USA
Mission
TO COLLECT AND USE THE CONTRIBUTIONS TO DONATE FUNDS TO BUILD SEMINARIES, SCHOOLS, AND CHURCHES AND TO PERFORM OTHER RELIGIOUS AND EDUCATIONAL ACTIVITIES.
Program accomplishments
- PROVIDES GRANTS TO BUILD SCHOOLS, SEMINARIES OR CHURCHES IN FURTHERANCE OF RELIGIOUS AND EDUCATIONAL PURPOSES.Expenses $25,943,421 · grants $25,943,421
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1372326
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X20)
- Assets (IRS master file)
- $62,713,239
- Income (IRS master file)
- $125,600,585
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective May 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $42,318,133 | $26,820,471 | $62,713,239 | XML |
| 990 | December 2023 | $18,655,695 | $2,523,230 | $52,040,658 | XML |
| 990 | December 2022 | $6,883,224 | $3,865,903 | $32,878,693 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1372326).
Questions about INVESTMENT & RESEARCH IN EDUCATION INC
- What is the EIN of INVESTMENT & RESEARCH IN EDUCATION INC?
- The employer identification number (EIN) of INVESTMENT & RESEARCH IN EDUCATION INC is 06-1372326.
- Is INVESTMENT & RESEARCH IN EDUCATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
- Are donations to INVESTMENT & RESEARCH IN EDUCATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INVESTMENT & RESEARCH IN EDUCATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INVESTMENT & RESEARCH IN EDUCATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INVESTMENT & RESEARCH IN EDUCATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INVESTMENT & RESEARCH IN EDUCATION INC?
- The 990 for the year ended December 31, 2024 names JOSE GERARDO CARDENAS JIMENEZ.
- Who are the officers and directors of INVESTMENT & RESEARCH IN EDUCATION INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does INVESTMENT & RESEARCH IN EDUCATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $42,318,133, expenses of $26,820,471 and total assets of $62,713,239 at year end.
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