Investment and Research in Education Inc

Public charity · Grantmaker Houston, TX EIN: 06-1372326

To collect and use the contributions to donate funds to build seminaries, schools, and churches and to perform other religious and educational activities.

Key facts about Investment and Research in Education Inc

In short: Investment and Research in Education Inc gave $22.7M across 4 grants in 2024 (avg $5.7M), mostly in Georgia. Source: 2024 IRS Form 990.

EIN
06-1372326
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$22,693,803
Grants made (2024)
4
Average grant
$5,673,451
Median grant
$1,188,022
Total assets
$62,713,239
Primary geography
Georgia (99% of itemized 2024 grant dollars)

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$62.7M

+20.5% YoY

Annual Giving

$22.7M

+1384.3% YoY

Grant Count

4

+300.0% YoY

Avg Grant Size

$5.7M

+271.1% YoY

How Investment and Research in Education Inc gives

  • Giving grew 2772% from 2021 to 2024. Method

From the foundation's IRS Form 990 filings. Methodology.

About Investment and Research in Education Inc

Based on IRS filings

Investment and Research in Education Inc is a public charity focused on religion, based in Houston, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $62.7M in total assets. In 2024, it awarded 4 grants totaling $22.7M. Net investment income was $4.0M.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2024 grant dollars across all 4 itemized grants.

Cities

CummingHoustonAlpharettaEdgerton

Giving Over Time

Total grant dollars and number of grants per year

$0$10M$20M$30M1 grant2020 3 grants2021 3 grants2022 1 grant2023 4 grants2024

From 2020 to 2024, annual grant giving ranged from $200K (2020) to $22.7M (2024). In 2024 it made 4 grants totaling $22.7M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Saint John Evangelist Trust: $20.0MSaint John Evangelist Trust$20.0MLCNA Atlanta Inc: $1.5MLCNA Atlanta Inc$1.5MLC Fund for Priestly Formation: $876KLC Fund for Priestly Formation$876KLCMRC Holdings: $318KLCMRC Holdings$318K

The largest 2024 recipient was Saint John Evangelist Trust ($20.0M). Together the top 4 received $22.7M.

Grant Size Distribution

12 grants across all recorded years

3<$50K$50–100K1$100–250K1$250–500K3$500K–1M3$1–5M1$5M+

The most common grant size was under $50K: 3 grants of 12 (25%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Saint John Evangelist Trust Cumming, GAReligious /Education$20,000,000
LCNA Atlanta Inc Cumming, GAReligious /Education$1,500,000
LC Fund for Priestly Formation Cumming, GAReligious /Education$876,044
LCMRC Holdings Houston, TXReligious /Education$317,759

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$20M$40M$60M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$62,713,239$52,040,658$32,878,693
Revenue$42,318,133$18,655,695$6,883,224
Expenses$26,820,471$2,523,230$3,865,903
Net Investment Income$3,954,273$1,201,656$29,056

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS November 12, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS November 13, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS December 6, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS November 14, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Investment and Research in Education Inc is led by John Connor, Director & President on every filing since 2020; none of the 6 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • John Connor

    Director & President

    On filings since 2020

    1 hr/week

    No compensation reported

  • Hernan Jimenez

    Director & Vice President

    On filings since 2020

    1 hr/week

    No compensation reported

  • Jesus Villagrasa

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Jose G. Cardenas

    Treasurer & Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Luis Alberto Hanao

    Secretary & Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Frank Formolo

    Assistant Secretary

    On filings since 2020

    1 hr/week

    No compensation reported

Former officers (1)
  • Former: Andreas Schoggl (2020–2022) — Secretary & Director

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Investment and Research in Education Inc

How much does Investment and Research in Education Inc give each year?

Investment and Research in Education Inc gave $22.7M across 4 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $1.5M across 1 grant.

What is Investment and Research in Education Inc's typical grant size?

Investment and Research in Education Inc's median grant in 2024 was $1,188,022, and its average grant was $5,673,451, across 4 grants on its 2024 IRS Form 990.

Where does Investment and Research in Education Inc give grants?

Investment and Research in Education Inc gives mostly in Georgia: 99% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Cumming, GA (3 grants).

Does Investment and Research in Education Inc give general operating support?

Not in 2024: none of the 4 grants with a stated purpose on Investment and Research in Education Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Religious /Education" (4 grants).

How large is Investment and Research in Education Inc?

Investment and Research in Education Inc reported $62.7M in total assets on its 2024 IRS Form 990. Its revenue that year was $42.3M.

What is Investment and Research in Education Inc?

Investment and Research in Education Inc is a public charity focused on religion, based in Houston, TX. It holds $62.7M in total assets as of 2024.

What is Investment and Research in Education Inc's EIN?

Investment and Research in Education Inc's EIN (Employer Identification Number) is 06-1372326. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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