The W Oscar Neuhaus Memorial Foundation

Nonprofit profile at a glance

EIN
742128239
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Bellaire, TX, USA
Phone
7136647676
Rating
81
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$8,286,027
Expenses
$8,024,216
Assets
$13,317,921
Liabilities
$1,119,478

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

Leadership & pay

32 people listed

Executive titles in this filing

  • Tracy White Weeden (President & CEO)

Highest reported compensation

  • Tracy White Weeden (President & CEO): $286,446 total reported compensation
  • Sairam Pathi (Chief Financial Officer): $231,232 total reported compensation
  • Sam McCollum (VP of Literacy Initiatives): $164,343 total reported compensation

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

Overview

Mission

The W. Oscar Neuhaus Memorial Foundation ("Neuhaus") is a 501(c)(3) non-profit educational foundation dedicated to promoting reading success for all. 'Continued on Schedule O'Neuhaus provides evidence-based training and support to educators and district leaders, supplies information and resources to families, and offers direct services to adult learners. Its services are offered in a variety of ways, including mentoring, individual instruction, online programming, and on-site courses.

What it reported doing in 2024

Neuhaus Education Center is a nationally recognized leader in advancing the Science of Reading, using evidence-based methods that empower students to achieve skilled reading and lifelong literacy.Teacher Professional Development: In 2024, Neuhaus offered more than 30 professional development courses designed to meet the needs of diverse learners. A total of 3,846 and 3,118 teachers participated in training sessions, representing 7,401 enrollments. Additionally, 61 dyslexia therapists and specialists graduated from the certification program, further expanding the reach of high-quality reading instruction. Continued on Schedule O Family Support Services: The Family Support Office served 5,736 parents and family members seeking guidance for children with dyslexia and other reading difficulties. Neuhaus provided resources, referrals, and assistance to help families navigate the process of obtaining appropriate support. Free monthly information sessions addressed topics such as dyslexia, Texas legislation, preparing for college, and accessing library resources.Adult Literacy: In 2024, 112 adult learners received personalized literacy instruction to achieve their reading and educational goals. Neuhaus Education Center hosts the only adult literacy program in Houston taught by Certified Academic Language Therapists (comparable to dyslexia therapists). Using age-appropriate materials, real-world texts such as newspapers and magazines, and grouping by reading level, Neuhaus delivers practical instruction while fostering a sense of community among participants.

Operating model

Revenue model
Earned-program. 67% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 99% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 87
  • Accountability: 100
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.2%; rating input score 75
  • Program expense ratio: 74.9%; rating input score 75
  • Fundraising efficiency: $3.39 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.2%; rating input score 45; 45th percentile among comparable filings
  • Total-asset coverage ratio: 1.66; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 62; 62nd percentile among comparable filings
  • Officer compensation ratio: 16.9%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 2.9% per year; rating input score 100; 27th percentile among comparable filings
  • Revenue growth: 4% per year; rating input score 100; 34th percentile among comparable filings
  • Asset growth: 1.6% per year; rating input score 100; 18th percentile among comparable filings

Details

  • Where the money goes: 75.2% of revenue deployed · 74.9% of spending went to programs
  • Governance: 19 of 19 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $6M in reported program spending
  • Leadership: top reported pay $286K · 32 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $805K reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Financial Efficiency: Fundraising efficiency scored 10/100.
  • Moderate — Sustainability: Operating margin scored 45/100.
  • Review — Sustainability: Total-asset coverage ratio scored 55/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.