Nonprofit · EIN 88-2492542
BEST SCHOOL
Tax-exempt · FORT WORTH, TX 76102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $0 | $32,153 | -$32,153 | $64,344 | $60 | $64,284 |
| December 31, 2023 | 990 | $500,000 | $403,563 | $96,437 | $96,540 | $103 | $96,437 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- 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
- $353
- Accounting fees
- $630
- Travel
- $2,038
- Management and general (functional)
- $32,153
Balance sheet and other
- Total assets, start of year
- $96,540
- Total assets, end of year
- $64,344
- Total liabilities, end of year
- $60
- Net assets, end of year
- $64,284
- Net assets without donor restrictions
- $64,284
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2022
- 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 |
|---|---|---|---|
| DANA STAYTON | SECRETARY Trustee or director, Officer | 0.1 | $0 |
| PRESTON M GEREN III | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| ANA SHROPSHIRE | DIRECTOR Trustee or director | 0.1 | $0 |
| BRENT BEASLEY | DIRECTOR Trustee or director | 0.5 | $0 |
| CHRIS BARBIC | DIRECTOR Trustee or director | 0.1 | $0 |
| MATTHEW CARTER | DIRECTOR Trustee or director | 0.1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ana Shropshire | Director Trustee or director | 0.1 | $0 |
| Chris Barbic | Director Trustee or director | 0.1 | $0 |
| Matthew Carter | Director Trustee or director | 0.1 | $0 |
| Brent Beasley | Director Trustee or director | 0.5 | $0 |
| Preston M Geren III | President Trustee or director, Officer | 0.5 | $0 |
| Dana Stayton | Secretary Trustee or director, Officer | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 309 MAIN ST, FORT WORTH, TX 76102-4006
- In care of
- % PETE GEREN
- Mailing address (990-N for 2022)
- 309 Main Street, Fort Worth TX 76102
- Principal officer (990 for 2024)
- Preston M Geren III, 309 Main Street, Fort Worth, TX 76102
- Principal officer (990-N for 2022)
- Preston Geren III, 309 Main Street, Fort Worth TX 76102
- Signed the 990
- Preston M Geren III, President
- Phone
- (817) 336-0494
- Return prepared by
- Forvis Mazars LLP
Mission
Open a group of charter schools in Tarrant County, Texas that is the leader in state academic performance.
Program accomplishments
- TBS continues to explore options to incubate a charter school in Fort Worth that would provide children in our community with the highest quality of public education. TBS is looking at expansion opportunities for existing Texas charter operators and recruiting high-performing charter operators from out-of-state.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 88-2492542
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B24)
- Assets (IRS master file)
- $64,344
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $0 | $32,153 | $64,344 | IRS |
| 990 | December 2023 | $500,000 | $403,563 | $96,540 | XML |
| 990-N for 2022 Officer: Preston Geren III | December 31, 2022 | ≤ $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 88-2492542).
Questions about BEST SCHOOL
- What is the EIN of BEST SCHOOL?
- The employer identification number (EIN) of BEST SCHOOL is 88-2492542.
- Is BEST SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to BEST SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BEST SCHOOL file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of BEST SCHOOL 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 BEST SCHOOL 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 BEST SCHOOL?
- The 990 for the year ended December 31, 2024 names Preston M Geren III.
- Who are the officers and directors of BEST SCHOOL?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does BEST SCHOOL have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $0, expenses of $32,153 and total assets of $64,344 at year end.
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