Capital City Fund for Education Inc

EIN: 205188778 501(c)(3) Education

Austin, TX

Total Revenue
$863,006
Total Expenses
$559,388
Total Assets
$682,166
Net Assets
$665,656
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
TX
Principal Officer
Steven Gorman
Phone
5123487275
Tax Period
2023-01-01 to 2023-12-31

Capital City Fund for Education Inc, founded in 2006, is a small nonprofit in the Education sector that reported $863K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $304K, a strong 35% operating margin.

Mission

To enable and enrich disadvantaged children and youth in transition in central Texas to continue their educational experience.

Program Service Accomplishments

Program 1
Expenses: $173,872

School of Social Work Social Services Program is designed to help students respond to more serious matters like handling grief, abuse, or other mental, social, or health issues. Overseen by our full...

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School of Social Work Social Services Program is designed to help students respond to more serious matters like handling grief, abuse, or other mental, social, or health issues. Overseen by our full time Licensed MSSW, Kate Amerson, and implemented as a joint venture with the University of Texas School of Social Work, this program provides direct counseling and social services to our kids by placing UT Graduate students at several different AISD campuses. Kate Amerson spearheads this program with 23 years of experience. She was named Texas Field Instructor of the Year in 2000 and was recognized for her exemplary field instruction for the School of Social Work and proving herself a strong educator and leader who consistently prioritized student learning and coordinated social work services across campuses in AISD.

Program 2
Expenses: $148,802

MSR Unaccompanied Youth Program. The Unaccompanied Youth Program aims to identify these students that migrate from home to home between the ages of 12 and 18 and provide them with gift cards so that...

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MSR Unaccompanied Youth Program. The Unaccompanied Youth Program aims to identify these students that migrate from home to home between the ages of 12 and 18 and provide them with gift cards so that they may purchase themselves a gift for the Holidays. It is important that even they know that there is someone out there who is thinking of them.

Program 3
Expenses: $138,593

Cap City Kids 2023 Charity Golf Tournament - allows for an afternoon of golf at the award winning Fazio Canyons Golf Course at the Omni Barton Creek Resort in Austin, Texas. An afternoon of friendly...

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Cap City Kids 2023 Charity Golf Tournament - allows for an afternoon of golf at the award winning Fazio Canyons Golf Course at the Omni Barton Creek Resort in Austin, Texas. An afternoon of friendly competition, networking opportunities, lunch, dinner at the beautiful Rockhouse, prizes and more to help us raise funds and awareness of our youth driven programs at CapCityKids.

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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 $862,972
Program Service Revenue $0
Investment Income $34
Other Revenue $0
TOTAL REVENUE $863,006

Expense Breakdown

Grants Paid $536,489
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $539,507
Other Expenses $22,899
TOTAL EXPENSES $559,388

Year-over-Year Comparison

2023 2022 Change
Revenue $863,006 $628,453 +0.4%
Expenses $559,388 $676,210 -0.2%
Net Income $303,618 $-47,757 -7.4%
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

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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
6
Independent Members
7
Employees
N/A
Volunteers
10

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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steven Gorman Director 8.00
Director
$0 $0 $0
Joslyn Dobson Director 3.00
Director
$0 $0 $0
Sean Dobson Director 1.00
Director
$0 $0 $0
Amy Kinkade Director 2.00
Director
$0 $0 $0
Drew Flahive Director 1.00
Director
$0 $0 $0
Chris Avallone Director 1.00
Director
$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 $863,006 $559,388 $682,166 $303,618
2022 $628,453 $676,210 $376,187 $-47,757
2021 $513,207 $423,680 $411,415 $89,527
2020 $258,094 $244,492 $320,268 $13,602
2019 $438,583 $380,762 $306,666 $57,821
2018 $338,746 $314,921 $248,845 $23,825
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