Nonprofit · EIN 92-0742101
THE FOUNDATION
Tax-exempt · HOUSTON, TX 77002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $409,236,759 | $767,579 | $408,469,180 | $779,814,664 | $11,239 | $779,803,425 |
| June 30, 2024 | 990 | $138,258,450 | $85,557 | $138,172,893 | $269,949,761 | $3,989 | $269,945,772 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $407,320,337
- Program service revenue
- $85,100
- Investment income
- $1,831,322
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $108,794
- Salaries, compensation and benefits (total)
- $184,264
- Professional fundraising fees
- $0
- Legal fees
- $83,382
- Accounting fees
- $36,970
- Depreciation
- $335,181
- Program services (functional)
- $648,773
- Management and general (functional)
- $118,806
Balance sheet and other
- Total assets, start of year
- $269,949,761
- Total assets, end of year
- $779,814,664
- Total liabilities, end of year
- $11,239
- Net assets, end of year
- $779,803,425
- Land, buildings and equipment
- $5,455,662
- Gross receipts
- $409,236,759
- Employees
- 3
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- DE
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 |
|---|---|---|---|
| JARED BIRCHALL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| RONALD GONG | SECRETARY Trustee or director, Officer | 1 | $0 |
| TERESA HOLLAND | TREASURER Trustee or director, Officer | 1 | $0 |
| STEVEN CHIDESTER | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JARED BIRCHALL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| RONALD GONG | SECRETARY Trustee or director, Officer | 1 | $0 |
| TERESA HOLLAND | TREASURER Trustee or director, Officer | 1 | $0 |
| STEVEN CHIDESTER | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 700 MILAM ST STE 1300, HOUSTON, TX 77002-2736
- In care of
- % STEVEN J CHIDESTER
- Principal officer (990 for 2024)
- JARED BIRCHALL, PO BOX 341886, AUSTIN, TX 78734
- Signed the 990
- JARED BIRCHALL, PRESIDENT
- Phone
- (737) 235-6956
- Website
- WWW.ADASTRASCHOOL.ORG
- Return prepared by
- CATALYST FAMILY OFFICE LLC
Mission
THE FOUNDATION'S MISSION IS TO OPERATE AN INDEPENDENT PRIMARY AND SECONDARY SCHOOL AND, ULTIMATELY, CREATE A UNIVERSITY DEDICATED TO EDUCATION AT THE HIGHEST LEVEL.
Program accomplishments
- THE FOUNDATION OPERATES AN UPPER AND LOWER ELEMENTARY SCHOOL IN BASTROP, TEXAS FOCUSED ON TEACHING STEM SUBJECTS AND OTHER RELATED TOPICS. THE SCHOOL'S PRIMARY FUNCTION IS FORMAL INSTRUCTION AND CURRICULUM BY A REGULAR FACULTY TO A REGULARLY ENROLLED STUDENT BODY IN BASTROP, TEXAS. DISTANCE LEARNERS MAY BE INCLUDED IN THE FUTURE. THE SCHOOL'S PROJECTED CAPACITY IS APPROXIMATELY 54 STUDENTS, AND IT PLANS TO EXPAND BASED ON THE NEEDS OF THE LOCAL COMMUNITY AND ON A TIMELINE THAT PROVIDES FOR QUALITY EDUCATION AND OVERALL EXPERIENCE.Expenses $648,773 · revenue $85,100
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
- 92-0742101
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $779,814,664
- Income (IRS master file)
- $409,236,759
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $409,236,759 | $767,579 | $779,814,664 | IRS |
| 990 | June 2024 | $138,258,450 | $85,557 | $269,949,761 | IRS |
| 990 | June 2023 | $100,110,359 | $25,385 | $202,982,507 | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about THE FOUNDATION
- What is the EIN of THE FOUNDATION?
- The employer identification number (EIN) of THE FOUNDATION is 92-0742101.
- Is THE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to THE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE 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 THE 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 THE 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 THE FOUNDATION?
- The 990 for the year ended June 30, 2025 names JARED BIRCHALL.
- Who are the officers and directors of THE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does THE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $409,236,759, expenses of $767,579 and total assets of $779,814,664 at year end.
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