STRATEGY STUDIO / NONPROFIT PEOPLE SEARCH

THE FOUNDATION

2024 · Form 990 · revenue $409.2M · expenses $768K · assets $779.8M

Also known as
THE X FOUNDATION
EIN
92-0742101
Address
700 MILAM ST STE 1300, HOUSTON, TX 77002-2736
Website
WWW.ADASTRASCHOOL.ORG
NTEE code
B20
Subsection
501(c)(3)
Ruling year
2023
Cross-check
ProPublica Nonprofit Explorer

Mission

THE FOUNDATION'S MISSION IS TO OPERATE AN INDEPENDENT PRIMARY AND SECONDARY SCHOOL AND, ULTIMATELY, CREATE A UNIVERSITY DEDICATED TO EDUCATION AT THE HIGHEST LEVEL.

Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).

People paid by the organization

No one listed on these returns was paid.

Unpaid officers and directors · 4 people
NameLatest titleYearsOrganizations
Jared Birchall PRESIDENT2022-2024 1
Ronald Gong SECRETARY2022-2024 1
Teresa Holland TREASURER2022-2024 1
Steven Chidester TRUSTEE2022-2024 1

People by year

2024 · 4 people listed · none paid · 3 employees · 0 volunteers
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
JARED BIRCHALL PRESIDENT1 $0$0$0 $01
RONALD GONG SECRETARY1 $0$0$0 $01
TERESA HOLLAND TREASURER1 $0$0$0 $01
STEVEN CHIDESTER TRUSTEE1 $0$0$0 $01
2023 · 4 people listed · none paid · 0 employees · 0 volunteers
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
JARED BIRCHALL PRESIDENT1 $0$0$0 $01
RONALD GONG SECRETARY1 $0$0$0 $01
TERESA HOLLAND TREASURER1 $0$0$0 $01
STEVEN CHIDESTER TRUSTEE1 $0$0$0 $01
2022 · 4 people listed · none paid · 0 employees · 0 volunteers
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
JARED BIRCHALL PRESIDENT1 $0$0$0 $01
RONALD GONG SECRETARY1 $0$0$0 $01
TERESA HOLLAND TREASURER1 $0$0$0 $01
STEVEN CHIDESTER TRUSTEE1 $0$0$0 $01

Highest-paid independent contractors

2024 · 4 contractors · $662K
NameLocationServicePaid
JA DEVELOPMENT AND CONSTR LLCMISSION, TXCONSTRUCTION$292,217
MCGARY CONSTRUCTION LLCSMITHVILLE, TXCONSTRUCTION$157,297
XPLOR EDUCATION INCBREA, CAEDUCATION CONSULTING$111,429
WITHERS BERGMAN LLPNEW HAVEN, CTLEGAL SERVICES$100,583

Who gave

Contributor names are not public for this form type.

Public charities filing Form 990 or 990-EZ report large donors on Schedule B, but the IRS withholds their names and addresses from public copies. Private foundations (990-PF) are different: their contributors are public.

Grants received from DAF sponsors and foundations

3 grants to this organization reported by other filers, $44,809,157 in all. Schedule I grants are matched by the EIN the grantor reported; 990-PF grants list no EIN, so those are matched by exact name and state. Grantor type: private foundation (990-PF), DAF sponsor (answered yes to maintaining donor-advised funds that year), or other public charity. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.

YearGrantorGrantor typeAmountPurposeMatched byFiling
2023MUSK FOUNDATIONPrivate foundation $34,808,757TO SUPPORT SCHOOL OPERATIONS AND PROGRAMSname and state view
2022MUSK FOUNDATIONPrivate foundation $10,000,000TO SUPPORT SCHOOL OPERATIONS AND PROGRAMSname and state view
2014ACC FOUNDATIONPrivate foundation $400CHARITABLE DONATIONname and state view

Finances

Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.

RevenueExpensesAssetsNet assetsContributionsProgram revenueOfficer payEmployeesVolunteers
2024 · Form 990 period ending 2025-06-30 · view filing · original 990 ↗
$409,236,759$767,579 $779,814,664$779,803,425 $407,320,337$85,100 $030
2023 · Form 990 period ending 2024-06-30 · view filing · original 990 ↗
$138,258,450$85,557 $269,949,761$269,945,772 $137,075,943$0 $000
2022 · Form 990 period ending 2023-06-30 · view filing · original 990 ↗
$100,110,359$25,385 $202,982,507$202,937,199 $99,941,380$0 $000

Where the money went

Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.

2024 · Form 990 · $767,579 spent · pay $184,264 · grants $0 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Depreciation and depletion $335,181$331,032$4,149- 43.7%
Other salaries and wages $108,794$108,794-- 14.2%
Fees: legal $83,382$9,415$73,967- 10.9%
Other employee benefits $66,508$66,508-- 8.7%
Other (as described)SECURITY EXPENSE $66,184$66,184-- 8.6%
Fees: accounting $36,970-$36,970- 4.8%
All other expenses $16,403$13,209$3,194- 2.1%
Insurance $14,024$14,024-- 1.8%
Other (as described)TEACHING SUPPLIES $13,411$13,411-- 1.7%
Payroll taxes $8,962$8,962-- 1.2%
Other (as described)JANITORIAL SERVICES $8,271$8,271-- 1.1%
Other (as described)REPAIRS & MAINTENANCE $6,678$6,678-- 0.9%
Office expenses $2,285$2,285-- 0.3%
Fees: other services $526-$526- 0.1%
Total$767,579100%

View the filing

2023 · Form 990 · $85,557 spent · pay $0 · grants $0 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Fees: legal $51,061-$51,061- 59.7%
Other (as described)PROPERTY TAXES $22,729$22,729-- 26.6%
Insurance $3,232$3,232-- 3.8%
Fees: accounting $2,855-$2,855- 3.3%
Fees: other services $1,698-$1,698- 2.0%
Other (as described)BANK FEES $1,431-$1,431- 1.7%
Other (as described)FILING FEES $1,077-$1,077- 1.3%
Other (as described)UTILITIES $1,054$1,054-- 1.2%
All other expenses $420$415$5- 0.5%
Total$85,557100%

View the filing

2022 · Form 990 · $25,385 spent · pay $0 · grants $0 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Fees: legal $23,274-$23,274- 91.7%
Insurance $1,072$1,072-- 4.2%
Other (as described)BANK FEES $517$517-- 2.0%
Other (as described)FILING FEES $423-$423- 1.7%
Fees: other services $99-$99- 0.4%
Total$25,385100%

View the filing