Texas School Venture Fund

Overview

The Texas School Venture Fund is a nonprofit organization operating in the educational sector, with the mission of increasing the supply and diversity of great schools in Texas. It is designated as a 501(c)(3) organization, making donations to this entity tax-deductible.

Mission and Activities

The organization focuses on creating diverse educational options for families across Texas, supporting the development of new schools, particularly charter schools. They leverage their experience in education to support next-generation leaders who are implementing educational reforms within their communities.

Financial Overview

• Revenue and Expenses (FY 2023): The Texas School Venture Fund reported a revenue of approximately $269,368, with expenses of around $256,000. Their total assets stood at $606,000, while liabilities were $122,000[1][2].
• Revenue Streams (FY 2023): Their revenue primarily comes from grants, contributions, and program services. Specifically, they received $112,500 from grants and $145,899 from program services[2].
• Grant Activity: In 2023, the organization was involved in granting $2,500. Past grants have included significant support for Neighborhood Schools and Work Texas Training Center[2][5].

Leadership and Governance

Key figures include Mike Feinberg as President and Leo Linbeck III as Chair. Notably, neither of these leaders nor any other officers received compensation in recent years[1][2]. The organization's governance structure does not list specific board members[4].

External Impact

The Texas School Venture Fund partners with various grantmakers, including the Ting Tsung and Wei Fong Chao Foundation and the Fidelity Investments Charitable Gift Fund, to support diverse educational initiatives[2]. Their commitment to expanding educational options is aligned with broader efforts to enhance school diversity and availability in Texas.

[1] https://projects.propublica.org/nonprofits/organizations/813674046 [2] https://www.causeiq.com/organizations/catholic-school-renaissance-institute,813674046/ [3] https://txsvf.org/home-2/ [4] https://www.guidestar.org/profile/81-3674046 [5] https://www.instrumentl.com/990-report/texas-school-venture-fund