2025-11-17T16:46:10-06:00 2024-12-31 750786316 WEAVER AND TIDWELL LLP 2300 N FIELD ST STE 1000 DALLAS TX 75201 990 2024-01-01 843154132 THE CHILDREN'S EDUCATION INITIATIVE CHIL 8582003830 4747 EXECUTIVE DRIVE 210 SAN DIEGO CA 92121 MICHAEL HEARNE CFO, TREASURER, & SECRETARY 8582003830 2025-11-17 1 0 SARA BURKHART P01435955 9724901970 2024 2025-03-06 01:10:19Z MICHAEL HEARNE 4747 EXECUTIVE DRIVE 210 SAN DIEGO CA 92121 17286962 0 X WWW.TCEI.ORG X 2019 CA THE CHILDREN'S EDUCATION INITIATIVE (TCEI) IS DEDICATED TO IMPROVING THE QUALITY OF EDUCATION FOR SOCIOECONOMICALLY DISADVANTAGED CHILDREN. 5 5 2 5 0 0 51000 100000 0 0 4731386 8368518 0 0 4782386 8468518 1000000 1597738 0 0 231162 433823 0 0 0 116268 180892 1347430 2212453 3434956 6256065 105675647 111641372 8705 91632 105666942 111549740 THE CHILDREN'S EDUCATION INITIATIVE (TCEI) IS DEDICATED TO IMPROVING THE QUALITY OF EDUCATION FOR SOCIOECONOMICALLY DISADVANTAGED CHILDREN. 0 0 2095859 1597738 THE CHILDREN'S EDUCATION INITIATIVE (TCEI) PROVIDES FUNDS TO SELECTED PRIVATE SCHOOLS, WHICH ARE RECOGNIZED BY THE IRS AS TAX EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, FOR TUITION ASSISTANCE AND OTHER PROGRAMS FOR SOCIOECONOMICALLY DISADVANTAGED CHILDREN ACROSS THE U.S. 2095859 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X MICHAEL HEARNE 8582003830 4747 EXECUTIVE DRIVE 210 SAN DIEGO CA 92121 X AARON DAVIS DIRECTOR 5.00 X 0 0 0 CRAIG JOHNSON DIRECTOR 5.00 X 0 0 0 ANDREW MCDONALD DIRECTOR 5.00 X 0 0 0 RODERICK WONG DIRECTOR 5.00 X 0 0 0 KEVIN TANG CEO, CHAIRMAN OF THE BOARD 10.00 X X 0 0 0 MICHAEL HEARNE CFO, TREASURER & SECRETARY 10.00 X 0 0 0 AJ YATES DIRECTOR, PROGRAMS 40.00 X 303121 0 69113 303121 0 69113 1 0 1 0 0 100000 100000 5904236 5904236 11282726 8818444 2464282 2464282 2464282 8468518 0 0 8368518 1597738 1597738 261088 247496 13592 13994 13265 729 135970 128892 7078 22771 21586 1185 2723 2723 13625 13625 56 56 31684 31684 77510 54753 22757 4065 445 3620 TRADING COMMISSION 49629 49629 TRANSFER & BANK FEES 1296 1296 COMPLIANCE & FILING FEE 304 304 2212453 2095859 116594 0 1859706 28999 79092807 95826986 8850000 3438818 10159797 7190329 4700000 4700000 1013337 456240 105675647 111641372 3343 77638 5362 13994 8705 91632 X 105666942 111549740 105666942 111549740 105675647 111641372 6256065 -373267 0 X X 0 1 X 1 0 X 50000000 2000000 4701000 51000 100000 56852000 50000000 2000000 4701000 51000 100000 56852000 5256494 51595506 221124 334961 693157 4731387 5904236 11884865 3431494 3431494 6951 6951 72175310 0.71490 0.49350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 ACCRUED COMPENSATION 13994 13994 X 8095250 -373268 -373268 8468518 0 8468518 2212453 0 2212453 0 2212453 PART X, LINE 2: TCEI WAS FORMED AS A CALIFORNIA NONPROFIT CORPORATION AND IS CLASSIFIED BY THE IRS AS A 501(C)(3) PUBLICLY SUPPORTED ORGANIZATION, WHICH MEANS THAT IT IS GENERALLY EXEMPT FROM BOTH FEDERAL AND STATE INCOME TAXES. INCOME, IF ANY, THAT IS DEEMED TO BE UNRELATED BUSINESS TAXABLE INCOME ("UBTI") IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. UBTI IS OPERATIONAL INCOME THAT IS NOT RELATED TO THE TAX-EXEMPT PURPOSE OF THE ORGANIZATION. DIVIDENDS, INTEREST, CERTAIN OTHER INVESTMENT INCOME, ROYALTIES, CERTAIN RENTAL INCOME, CERTAIN INCOME FROM RESEARCH ACTIVITIES AND GAINS OR LOSSES FROM THE DISPOSITION OF PROPERTY ARE EXCLUDED WHEN COMPUTING UBTI. DONORS MAY DEDUCT CHARITABLE CONTRIBUTIONS TO TCEI UNDER THE INTERNAL REVENUE CODE SECTION 170(B)(1)(A)(VI). FOR UNCERTAIN TAX POSITIONS THAT MEET A "MORE LIKELY THAN NOT" THRESHOLD, TCEI RECOGNIZES THE BENEFIT OF UNCERTAIN TAX POSITIONS IN ITS FINANCIAL STATEMENTS. DURING THE YEAR ENDED DECEMBER 31, 2024 AND 2023, TCEI HAD NO UNCERTAIN TAX POSITIONS. TCEI RECORDS INTEREST AND PENALTIES, IF ANY, RELATED TO UNCERTAIN TAX POSITIONS AS A COMPONENT OF INCOME TAX EXPENSE. DURING THE YEAR ENDED DECEMBER 31, 2024 AND 2023, TCEI DID NOT RECOGNIZE A PROVISON FOR INCOME TAXES. 1 TOWN SCHOOL FOR BOYS 2750 JACKSON ST SAN FRANCISCO CA 94115 941170412 501(C)(3) 50000 0 SUPPORT DONATION COLORADO ROCKY MOUNTAIN SCHOOL INC 500 HOLDEN WAY CARBONDALE CO 81623 840425174 501(C)(3) 250000 0 SUPPORT DONATION ECHO FOUNDATION 3430 MCMANUS AVENUE CULVER CITY CA 90232 952654647 501(C)(3) 50000 0 SUPPORT DONATION ISLAND PACIFIC ACADEMY INC 909 HAUMEA STREET KAPOLEI HI 96707 680534162 501(C)(3) 50000 0 SUPPORT DONATION LIVE OAK A LEARNING CENTER FOR CHILDREN 1555 MARIPOSA ST SAN FRANCISCO CA 94107 942153158 501(C)(3) 116725 0 SUPPORT DONATION LOS ENCINOS SCHOOL 17100 VENTURA BLVD ENCINO CA 91316 953524740 501(C)(3) 143835 0 SUPPORT DONATION MARK DAY SCHOOL 39 TRELLIS DRIVE SAN RAFAEL CA 94903 942598891 501(C)(3) 123444 0 SUPPORT DONATION SHERIDAN SCHOOL 4400 36TH ST NW WASHINGTON DC 20008 536019409 501(C)(3) 50000 0 SUPPORT DONATION STMARK'S SCHOOL 1050 E ALTADENA DR ALTADENA CA 91001 743091392 501(C)(3) 206716 0 SUPPORT DONATION THE FRANCES XAVIER WARDE SCHOOL 751 N STATE STREET CHICAGI IL 60654 270259853 501(C)(3) 50000 0 SUPPORT DONATION THE POTOMAC SCHOOL 1301 POTOMAC SCHOOL ROAD MCLEAN VA 22101 540562160 501(C)(3) 185226 0 SUPPORT DONATION THE SQUARED NETWORK 37 BEACON ST UNIT 21 BOSTON MA 02108 921469219 501(C)(3) 321792 0 SUPPORT DONATION 12 PART I, LINE 2: ALL RECIPIENTS OF TCEI GRANT FUNDS ARE SECTION 501(C)(3) INDEPENDENT SCHOOLS THAT ARE LOCATED SOLELY IN THE UNITED STATES. 0 0 0 0 0 0 0 1 0 AJ YATES DIRECTOR, PROGRAMS 231000 0 67683 0 4438 0 13994 0 55119 0 372234 0 0 0 PART I, LINE 7 TYPICALLY, EMPLOYEES ARE ELIGIBLE FOR AN ANNUAL TARGET BONUS BASED ON THE ORGANIZATION'S ABILITY TO REACH ANNUAL GOALS AS ESTABLISHED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2 MICHAEL HEARNE AND KEVIN TANG HAVE BUSINESS RELATIONSHIPS WITH EACH OTHER AND WITH AARON DAVIS AND CRAIG JOHNSON. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS EMAILED TO THE BOARD PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ABSTAIN FROM DISCUSSION AND VOTING ON ANY MATTERS THAT MAY RESULT IN A CONFLICT OF INTEREST. IN ADDITION, EACH BOARD MEMBER IS REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT PERIODICALLY. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGE TO THE AUDIT PROCEDURES OCCURRED DURING THE CURRENT YEAR.