CENTRAL TEXAS QUALITY OF LIFE FOUNDATION INC

EIN: 932375883 501(c)(3) Education

AUSTIN, TX

Total Revenue
$201,576
Total Expenses
$4,667
Total Assets
$228,684
Net Assets
$216,925
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
TX
Principal Officer
SUSAN DAVENPORT
Phone
5129259968
Tax Period
2024-01-01 to 2024-12-31

CENTRAL TEXAS QUALITY OF LIFE FOUNDATION INC, founded in 2023, is a small nonprofit in the Education sector that reported $202K in total revenue in fiscal year 2024. The organization ran a surplus of $197K, a strong 98% operating margin.

Mission

THE FOUNDATION ALIGNS ITS MISSION WITH OPPORTUNITY AUSTIN'S ECONOMIC AND TALENT DEVELOPMENT STRATEGIES TO IMPROVE AWARENESS OF IN-DEMAND CAREERS, BOLSTER WORKFORCE READINESS, IMPROVE POSTSECONDARY ACCESS/AFFORDABILITY, ADDRESS BARRIERS TO HIGHER EDUCATION/WORKFORCE CREDENTIAL ATTAINMENT, DEEPEN OUR REGIONAL TALENT POOL, AND CONNECT EMPLOYERS TO SKILLED TALENT.

Program Service Accomplishments

Program 1

FAFSA WORKSHOPS: SUPPORT FOR OPPORTUNITY AUSTIN'S REGIONAL FINANCIAL AID CAMPAIGN TO HELP GRADUATING SENIORS AND PARENTS COMPLETE THEIR FAFSA. STEAM INTERNSHIPS: EMERGING LEADERS AND STEAM...

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FAFSA WORKSHOPS: SUPPORT FOR OPPORTUNITY AUSTIN'S REGIONAL FINANCIAL AID CAMPAIGN TO HELP GRADUATING SENIORS AND PARENTS COMPLETE THEIR FAFSA. STEAM INTERNSHIPS: EMERGING LEADERS AND STEAM INTERNSHIPS FOR AREA HIGH SCHOOL STUDENTS IN PARTNERSHIP WITH THE CITY OF AUSTIN, BANK OF AMERICA AND LOCAL SCHOOL DISTRICTS. SUMMER MELT: OUTREACH FOR PERSPECTIVE COLLEDGE STUDENTS FOLLOWING HIGH SCHOOL GRADUATION. SUPPORT ADDRESSES FINANCIAL AID VERIFICATION, COLLEGE READINESS REQUIREMENTS, POSTESECONDARY REGISTRATION/ORIENTATION, AND OTHER PROCESS BARRIERS TO COLLEGE ENROLLMENT. COLLEGE AND CAREER OUTREACH: DIRECT CALLS TO NON-COLLEGE INTENDING STUDENTS WITH MARKETING AND MESSAGING CAMPAIGNS ENCOURAGING POSTSECONDARY ENROLLMENT IN WORKFORCE PROGRAMS.LABOR MARKET REPORTING: LABOR MARKET REPORTING FOR AUSTIN METRO TO EVALUATE STRATEGIC IMPACT OF ECONOMIC DEVELOPMENT AND EDUCATION/WORKFORCE ACTIVITIES ON POSTSECONDARY ENROLLMENT, DEGREE/CREDENTIAL COMPLETION, AND EMPLOYMENT OUTCOMES.IN 2024 ALL OF THESE EXPENSES WERE INCURRED BY OPPORTUNITY AUSTIN BECAUSE THE 501(C)3 WAS NOT APPROVED UNTIL DECEMBER 2024.

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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 $200,928
Program Service Revenue $0
Investment Income $648
Other Revenue $0
TOTAL REVENUE $201,576

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $4,667
TOTAL EXPENSES $4,667

Year-over-Year Comparison

2024 2023 Change
Revenue $201,576 N/A N/A
Expenses $4,667 N/A N/A
Net Income $196,909 $0 N/A
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
2

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
3
$387,914
Total Directors
3
$387,914
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY FARMER PRESIDENT 1.00
Officer Director
$0 $0 $0
ED LATSON SECRETARY 1.00
Officer Director
$0 $24,152 $387,914
JAMES DYESS TREASURER 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
2024 $201,576 $4,667 $228,684 $196,909
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