Investment and Research in Education Inc

EIN: 061372326 501(c)(3) Religion

Houston, TX

Total Revenue
$18,655,695
Total Expenses
$2,523,230
Total Assets
$52,040,658
Net Assets
$32,370,573
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
TX
Principal Officer
JOSE GERARDO CARDENAS JIMENEZ
Phone
7136596551
Tax Period
2023-01-01 to 2023-12-31

Investment and Research in Education Inc, founded in 1993, is a mid-sized nonprofit in the Religion sector that reported $18.7M in total revenue in fiscal year 2023. Revenue surged 171% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16.1M, a strong 86% operating margin.

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 Service Accomplishments

Program 1
Expenses: $1,566,170 Revenue: $0

PROVIDES GRANTS TO BUILD SCHOOLS, SEMINARIES OR CHURCHES IN FURTHERANCE OF RELIGIOUS AND EDUCATIONAL PURPOSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $17,454,039
Program Service Revenue $0
Investment Income $1,201,656
Other Revenue $0
TOTAL REVENUE $18,655,695

Expense Breakdown

Grants Paid $1,566,170
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,566,170
Other Expenses $957,060
TOTAL EXPENSES $2,523,230

Year-over-Year Comparison

2023 2022 Change
Revenue $18,655,695 $6,883,224 +1.7%
Expenses $2,523,230 $3,865,903 -0.3%
Net Income $16,132,465 $3,017,321 +4.3%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN CONNOR DIRECTOR AND PRESIDENT 1.0
Officer Director
$0 $0 $0
HERNAN JIMENEZ DIRECTOR & VICE PRESIDENT 1.0
Officer Director
$0 $0 $0
LUIS ALBERTO HANAO SECRETARY & DIRECTOR 1.0
Officer Director
$0 $0 $0
JOSE G CARDENAS TREASURER & DIRECTOR 1.0
Officer Director
$0 $0 $0
Jesus Villagrasa Director 1.0
Director
$0 $0 $0
FRANK FORMOLO ASSISTANT SECRETARY 1.0
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $18,655,695 $2,523,230 $52,040,658 $16,132,465
2022 $6,883,224 $3,865,903 $32,878,693 $3,017,321
2021 $6,765,730 $3,994,287 $38,417,023 $2,771,443
2020 $2,213,085 $1,635,469 $37,322,860 $577,616
2019 $4,205,959 $1,827,938 $34,006,244 $2,378,021
2018 $3,509,681 $2,784,791 $29,679,047 $724,890
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