Nonprofit · EIN 20-5645189
FOUNDATION FOR A GLOBALLY COMPETITIVE TEXAS
Tax-exempt · AUSTIN, TX 78701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $273,418 | $309,297 | -$35,879 | $389,584 | $0 | $389,584 |
| December 31, 2024 | 990 | $633,473 | $263,520 | $369,953 | $425,463 | $0 | $425,463 |
| December 31, 2023 | 990 | $205,381 | $239,665 | -$34,284 | $55,510 | $0 | $55,510 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $273,418
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $255
- Accounting fees
- $3,000
- Occupancy
- $29,113
- Program services (functional)
- $295,465
- Management and general (functional)
- $13,832
Balance sheet and other
- Total assets, start of year
- $425,463
- Total assets, end of year
- $389,584
- Total liabilities, end of year
- $0
- Net assets, end of year
- $389,584
- Net assets without donor restrictions
- $389,584
- Gross receipts
- $273,418
- Employees
- 0
- Volunteers
- 8
- Year formed
- 2006
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Justin Yancy | Executive Dir/Secretary Officer | 1 | $0 | $299,140 | $76,868 |
| Nick Serafy | Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Colleen McHugh | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Kyndel Bennett | Director Trustee or director | 1 | $0 | $0 | $0 |
| Gay Gaddis | Director Trustee or director | 1 | $0 | $0 | $0 |
| Brian Haley | Director Trustee or director | 1 | $0 | $0 | $0 |
| Reba Cardenas McNair | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jason Schenker | Director Trustee or director | 1 | $0 | $0 | $0 |
| Tym Tombar | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Justin Yancy | Executive Dir/Secretary Officer | 1 | $0 | $300,008 | $64,531 |
| Nick Serafy | Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Colleen McHugh | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Kyndel Bennett | Director Trustee or director | 1 | $0 | $0 | $0 |
| Gay Gaddis | Director Trustee or director | 1 | $0 | $0 | $0 |
| Reba Cardenas McNair | Director Trustee or director | 1 | $0 | $0 | $0 |
| Tym Tombar | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Justin Yancy | Executive Dir/Secretary Officer | 1 | $0 | $275,008 |
| Nick Serafy | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Colleen McHugh | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Kyndel Bennett | Director Trustee or director | 1 | $0 | $0 |
| Gay Gaddis | Director Trustee or director | 1 | $0 | $0 |
| Reba Cardenas McNair | Director Trustee or director | 1 | $0 | $0 |
| Tym Tombar | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 816 CONGRESS AVE STE 990, AUSTIN, TX 78701-0007
- In care of
- % JUSTIN YANCY
- Principal officer (990 for 2025)
- Justin Yancy, 816 Congress Avenue 990, Austin, TX 78701
- Signed the 990
- Justin Yancy, Executive Director
- Phone
- (512) 481-0525
- Return prepared by
- Blazek & Vetterling
Mission
The Foundation for a Globally Competitive Texas (FGCT) was created to facilitate the growth of Texas in a global business environment. The Foundation advises state and national policy makers on issues critical to Texas' economic growth with timely and fact-based information.
Program accomplishments
- Provide and coordinate research on public policy issues that affect Texas' global competitiveness, including economic development, federal issues, public and higher education, and infrastructure. Communicate those findings and data to the general public, those in public service, and elected and appointed leadership.Expenses $295,465
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 | 990 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
- 20-5645189
- 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
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B05)
- Assets (IRS master file)
- $389,584
- Income (IRS master file)
- $273,418
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $273,418 | $309,297 | $389,584 | XML |
| 990 | December 2024 | $633,473 | $263,520 | $425,463 | XML |
| 990 | December 2023 | $205,381 | $239,665 | $55,510 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | 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 20-5645189).
Questions about FOUNDATION FOR A GLOBALLY COMPETITIVE TEXAS
- What is the EIN of FOUNDATION FOR A GLOBALLY COMPETITIVE TEXAS?
- The employer identification number (EIN) of FOUNDATION FOR A GLOBALLY COMPETITIVE TEXAS is 20-5645189.
- Is FOUNDATION FOR A GLOBALLY COMPETITIVE TEXAS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to FOUNDATION FOR A GLOBALLY COMPETITIVE TEXAS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION FOR A GLOBALLY COMPETITIVE TEXAS 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 FOUNDATION FOR A GLOBALLY COMPETITIVE TEXAS due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION FOR A GLOBALLY COMPETITIVE TEXAS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FOUNDATION FOR A GLOBALLY COMPETITIVE TEXAS?
- The 990 for the year ended December 31, 2025 names Justin Yancy.
- Who are the officers and directors of FOUNDATION FOR A GLOBALLY COMPETITIVE TEXAS?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION FOR A GLOBALLY COMPETITIVE TEXAS have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $273,418, expenses of $309,297 and total assets of $389,584 at year end.
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