CARVER CENTER

EIN: 834007700 501(c)(3)

MIDLAND, TX

Total Revenue
$301,958
Total Expenses
$265,097
Total Assets
$109,777
Net Assets
$99,646
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
TX
Principal Officer
STEPHANIE CARNETT
Phone
4322406405
Tax Period
2024-07-01 to 2025-06-30

CARVER CENTER, founded in 2019, is a small nonprofit that reported $302K in total revenue in fiscal year 2024. Expenses of $265K left a modest 12% surplus.

Mission

CARVER CENTER, GIFTED EDUCATION MIDLAND (GEM), IS COMMITTED TO CREATING THE VERY BEST LEARNING ENVIRONMENT FOR GIFTED AND TALENTED STUDENTS, HELPING THEM EXCEL AND REACH THEIR FULL POTENTIAL. WE STRIVE EVERY DAY TO BE A SCHOOL FOR GT STUDENTS, NOT OF GT STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $203,854

ACADEMIC ACHIEVEMENT IN ENGLISH LANGUAGE ARTS/READING, MATHEMATICS, SCIENCE, AND POST SECONDARY READINESS.STUDENTS WILL LEAVE CARVER CENTER WITH A DIVERSE SET OF CRITICAL THINKING SKILLS THEY CAN...

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ACADEMIC ACHIEVEMENT IN ENGLISH LANGUAGE ARTS/READING, MATHEMATICS, SCIENCE, AND POST SECONDARY READINESS.STUDENTS WILL LEAVE CARVER CENTER WITH A DIVERSE SET OF CRITICAL THINKING SKILLS THEY CAN APPLY TO MULTIPLE ACADEMIC EXPERIENCES IN JUNIOR HIGH, HIGH SCHOOL, AND BEYOND. STUDENTS WILL HAVE THE ABILITY TO PERSEVERE WITH A GROWTH MINDSET WHEN FACED WITH ACADEMIC OBSTACLES AND CHALLENGES. ALSO, STUDENTS WILL HAVE A STRONG SENSE OF AGENCY AND EMPOWERMENT TO USE THEIR VOICE IN A RANGE OF ACADEMIC AND SOCIAL SETTINGS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $300,258
Program Service Revenue $0
Investment Income $0
Other Revenue $1,700
TOTAL REVENUE $301,958

Expense Breakdown

Grants Paid $0
Salaries & Benefits $143,950
Fundraising Expenses $0
Program Expenses $203,854
Other Expenses $121,147
TOTAL EXPENSES $265,097

Year-over-Year Comparison

2024 2023 Change
Revenue $301,958 $311,223 0.0%
Expenses $265,097 $306,891 -0.1%
Net Income $36,861 $4,332 +7.5%
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
1
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
$119,686
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE CARNETT Executive Dir. 40.00
Officer
$119,686 $0 $119,686
AYOTUNDE ESHO President 1.00
Officer Director
$0 $0 $0
LEAH ROBERTSON Secretary 1.00
Officer Director
$0 $0 $0
RYAN LOVELL Treasurer 1.00
Officer Director
$0 $0 $0
ELISE KAIL Trustee 1.00
Director
$0 $0 $0
LETICIA AMALLA Trustee 1.00
Director
$0 $0 $0
JULIE GRIFFIS Secretary 1.00
Officer 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
2025 $301,958 $265,097 $109,777 $36,861
2024 No data No data No data No data
2023 $245,018 $265,928 $62,839 $-20,910
2022 $235,035 $185,818 $85,887 $49,217
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