Nonprofit · EIN 81-1145945
VALOR TEXAS EDUCATION FOUNDATION
Tax-exempt · AUSTIN, TX 78739
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $51,394,502 | $47,467,918 | $3,926,584 | $187,152,260 | $163,627,373 | $23,524,887 |
| June 30, 2024 | 990 | $41,223,823 | $36,158,116 | $5,065,707 | $165,019,000 | $145,420,697 | $19,598,303 |
| June 30, 2023 | 990 | $26,534,446 | $25,547,497 | $986,949 | $136,716,874 | $122,184,278 | $14,532,596 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $47,636,610
- of which government grants
- $42,590,629
- Program service revenue
- $2,298,325
- Investment income
- $1,459,567
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $971,041
- Other salaries and wages
- $20,551,416
- Salaries, compensation and benefits (total)
- $25,330,929
- Professional fundraising fees
- $250,482
- Legal fees
- $319,686
- Accounting fees
- $52,200
- Occupancy
- $1,971,540
- Travel
- $779,712
- Depreciation
- $3,853,746
- Program services (functional)
- $42,895,546
- Management and general (functional)
- $3,611,167
- Fundraising (functional)
- $961,205
Balance sheet and other
- Total assets, start of year
- $165,019,000
- Total assets, end of year
- $187,152,260
- Total liabilities, end of year
- $163,627,373
- Net assets, end of year
- $23,524,887
- Land, buildings and equipment
- $145,910,233
- Net assets without donor restrictions
- $17,895,565
- Net assets with donor restrictions
- $5,629,322
- Gross receipts
- $51,394,502
- Employees
- 639
- Volunteers
- 400
- Year formed
- 2016
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David Williams | President & CEO Officer | 40 | $242,994 | $6,790 |
| Jesse Bates | COO Officer | 40 | $162,419 | $29,453 |
| Stephen Gordon | Superintendent of Schools Officer | 40 | $157,028 | $29,306 |
| Ward Huseth | Chief Growth & Development Officer Officer | 40 | $160,638 | $18,205 |
| Ramsey Margison | CFO Officer | 40 | $146,274 | $17,935 |
| Joel VanDerworp | Director of School Programs Highest-paid employee | 40 | $127,428 | $28,306 |
| Erin Fonner | Development Director Highest-paid employee | 40 | $121,446 | $3,697 |
| Matthew Schwandt | Director of Operations Highest-paid employee | 40 | $100,325 | $20,364 |
| Conor Hill | Senior Headmaster Highest-paid employee | 40 | $101,686 | $16,286 |
| Amy Wills | Speech and Language Pathologist Highest-paid employee | 40 | $102,147 | $15,030 |
| Adam Muller | Chair Trustee or director, Officer | 10 | $0 | $0 |
| Cara Valle | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Dan Connelly | Director Trustee or director | 1 | $0 | $0 |
| Melissa Dodson | Director Trustee or director | 1 | $0 | $0 |
| Mandy Drogin | Director Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert Fender | Director Trustee or director | 1 | $0 |
| Greg Mauro | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David Williams | President & CEO Officer | 40 | $241,442 | $6,496 |
| Jesse Bates | COO Officer | 40 | $147,375 | $28,650 |
| Stephen Gordon | Superintendent of Schools Officer | 40 | $142,630 | $28,551 |
| Ramsey Margison | CFO Officer | 40 | $140,288 | $16,100 |
| Joel VanDerworp | Director of School Programs Highest-paid employee | 40 | $123,572 | $28,033 |
| Ward Huseth | Chief Growth & Development Officer Officer | 40 | $127,121 | $13,339 |
| Adam Muller | Chair Trustee or director, Officer | 10 | $0 | $0 |
| Cara Valle | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Dan Connelly | Director Trustee or director | 1 | $0 | $0 |
| Melissa Dodson | Director Trustee or director | 1 | $0 | $0 |
| Mandy Drogin | Director Trustee or director | 1 | $0 | $0 |
| Robert Fender | Director Trustee or director | 1 | $0 | $0 |
| Greg Mauro | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David Williams | President & CEO Officer | 40 | $206,500 | $5,260 |
| Jesse Bates | COO Officer | 40 | $148,145 | $28,081 |
| Stephen Gordon | Superintendent of Schools Officer | 40 | $139,523 | $27,890 |
| Joel VanDerworp | Director of School Programs Highest-paid employee | 40 | $121,750 | $27,433 |
| John Finley | Academic Director Highest-paid employee | 40 | $102,308 | $17,874 |
| Erin Fonner | Dir of Marketing & Communications Highest-paid employee | 40 | $100,938 | $2,643 |
| Adam Muller | Chair Trustee or director, Officer | 10 | $0 | $0 |
| Cara Valle | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Dan Connelly | Director Trustee or director | 1 | $0 | $0 |
| Robert Fender | Director Trustee or director | 1 | $0 | $0 |
| Ramsey Margison | CFO (as of 01/23) Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11720 S MOPAC EXPY, AUSTIN, TX 78739-2182
- In care of
- % STEVE GORDON
- Mailing address (990-N for 2016)
- 2110 W Slaughter Ln Ste 160-139, Austin TX 78748
- Principal officer (990 for 2024)
- Stephen Gordon, 11720 S MoPac Expy, Austin, TX 78739
- Principal officer (990-N for 2016)
- Steve Gordon, 2110 W Slaughter Ln Ste 160-139, Austin TX 78748
- Signed the 990
- Jesse Bates, COO
- Phone
- (512) 646-4170
- Website
- www.valorpublicschools.org
- Return prepared by
- Blazek & Vetterling
Mission
Valor's mission is to educate the whole person in authentic communities for a full human life. Through our K-12 tuition-free classical charter schools and the Valor Institute, we build communities dedicated to wisdom, virtue, and friendship.
Program accomplishments
- Valor operates five schools with four located in and near Austin, Texas and a fifth located in San Antonio, Texas and had approximately 4,000 students from kindergarten through 12th grade for the 2024-2025 school year. Valor's distinctive program offers students a full human education rooted in the classical liberal arts tradition, from the Great Books to fine arts to advanced math and science.Expenses $42,895,546 · revenue $2,298,325
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 81-1145945
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $187,152,260
- Income (IRS master file)
- $51,394,502
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $51,394,502 | $47,467,918 | $187,152,260 | IRS |
| 990 | June 2024 | $41,223,823 | $36,158,116 | $165,019,000 | IRS |
| 990 | June 2023 | $26,534,446 | $25,547,497 | $136,716,874 | XML |
| 990 | June 2022 | $21,640,709 | $14,411,461 | $42,600,713 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Steve Gordon | June 30, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-1145945).
Questions about VALOR TEXAS EDUCATION FOUNDATION
- What is the EIN of VALOR TEXAS EDUCATION FOUNDATION?
- The employer identification number (EIN) of VALOR TEXAS EDUCATION FOUNDATION is 81-1145945.
- Is VALOR TEXAS EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to VALOR TEXAS EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALOR TEXAS EDUCATION FOUNDATION 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 VALOR TEXAS EDUCATION FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VALOR TEXAS EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VALOR TEXAS EDUCATION FOUNDATION?
- The 990 for the year ended June 30, 2025 names Stephen Gordon.
- Who are the officers and directors of VALOR TEXAS EDUCATION FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 17 people; 10 received compensation from the organization, the highest $242,994 (David Williams, President & CEO).
- How much revenue does VALOR TEXAS EDUCATION FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $51,394,502, expenses of $47,467,918 and total assets of $187,152,260 at year end.
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