Foundation 99

Nonprofit profile at a glance

EIN
843761456
IRS 990-EZ coverage
2021–2024
Official website data refreshed
Jul 2026
Forms available
Form 990 2023, Form 990-EZ 2024, Form 990-N 2020
Location
Austin, Texas, USA
Phone
888.599.4245
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Financial Counseling

Official website

Reported finances

Revenue
$92,401
Expenses
$73,988
Assets
$7,500
Liabilities
$306,702

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • DR ANTHONY SMITH (PRESIDENT)

People named in this filing

  • DR ANTHONY SMITH (PRESIDENT)
  • CHRIS JAMAIL CFP (TREASURER)
  • MARQUES CORMIER CFP (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Building economic security for the 99%

What it reported doing in 2024

Foundation 99 provided financial education tools, resources, and financial coaches at no cost to employees of the northside, austin, clark county, natomas and irving school district communities.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 92
  • Sustainability: 44
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66%; rating input score 66
  • Program expense ratio: 82.4%; rating input score 82

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 2nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 19.9%; rating input score 73; 73rd percentile among comparable filings
  • Total-asset coverage ratio: 0.1; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 40.89; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -26.1% per year; rating input score 0; 15th percentile among comparable filings
  • Revenue growth: -14.8% per year; rating input score 0; 19th percentile among comparable filings
  • Asset growth: -44.1% per year; rating input score 0; 4th percentile among comparable filings

Details

  • What they do: 4 programs and campaigns described on the official site · 6 operating locations identified
  • Where the money goes: 66% of revenue deployed · 82.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $61K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.