Westwood School Corp
- Assets
- $5.7m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 71
- Location
- Dallas, TX
- Founding
- 07/2006
- Data as of
- 05/2023
- EIN
- 02-0725734
Organization Overview
Westwood School Corp is located in Dallas, TX. The organization was established in 2006. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 05/2023, Westwood School Corp employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westwood School Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2023, Westwood School Corp generated $6.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $5.4m during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN EXCEPTIONAL EDUCATION TO ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESTWOOD DEVELOPS CHARACTER, FOSTERS COMMUNITY, AND PROMOTES ACADEMIC EXCELLENCE IN A WELCOMING SUPPORTIVE ENVIRONMENT. OUR VISION, AS TEACHERS AND PARENTS, IS TO ENCOURAGE STUDENTS IN RESPONSIBLE CITIZENSHIP SO EACH CAN MAKE A POSITIVE, PERSONAL CONTRIBUTION AND ACTIVELY PARTICIPATE IN THE NATIONAL AND GLOBAL COMMUNITY.THE ORGANIZATION PROVIDES A SAFE LEARNING ENVIRONMENT WITH A STRONG ACADEMIC EMPHASIS FOR STUDENTS FROM PRESCHOOL THROUGH THE 12TH GRADE. THE CURRICULUM OF THE SCHOOL CONSISTS OF AGE-APPROPRIATE CORE INSTRUCTION IN MATHEMATICS, LANGUAGE ARTS, LITERATURE, SCIENCES, AND HUMANITIES. THE SCHOOL ALSO HAS SPECIALIZED INSTRUCTION IN SPANISH, MANDARIN, CHEMISTRY, PHYSICS, BIOLOGY, PHILOSOPHY, CIVICS/GOVERNMENT, DESIGN, TECHNOLOGY, COMPUTER SCIENCE, MUSIC, VISUAL ART, THEATER AND PHYSICAL EDUCATION/HEALTH.STUDENTS ALSO PARTICIPATE IN PRACTICAL LIFE SKILLS INCLUDING GARDENING, SEWING, COOKING, LEADERSHIP, TEAM BUILDING, SPEAKING, ENGINEERING, ANIMAL CARE ECONOMICS/ENTREPRENEURSHIP, EVENT PLANNING AND COMMUNITY SERIVCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Lourcey Head Of School | Officer | 40 | $108,195 |
Pam Butler Found./director | Trustee | 40 | $101,036 |
Alex Adiguizel Director | Trustee | 4 | $0 |
Susan Duesler Director | Trustee | 4 | $0 |
Tonya Cooper Director | Trustee | 4 | $0 |
Sami Smith Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $81,820 |
| Related organizations | $0 |
| Government grants | $319,182 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,874 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $456,876 |
| Total Program Service Revenue | $5,859,292 |
| Investment income | $2,936 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$14,727 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,304,377 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $209,231 |
| Compensation of current officers, directors, key employees. | $54,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,925,361 |
| Pension plan accruals and contributions | $508 |
| Other employee benefits | $270,699 |
| Payroll taxes | $574,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $287,553 |
| Advertising and promotion | $115,838 |
| Office expenses | $67,115 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $914,648 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,097 |
| Insurance | $104,874 |
| All other expenses | $316,826 |
| Total functional expenses | $5,441,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,088,153 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $498,660 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,936 |
| Net Land, buildings, and equipment | $90,519 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,701,268 |
| Accounts payable and accrued expenses | $396,960 |
| Grants payable | $0 |
| Deferred revenue | $3,503,539 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $466,237 |
| Other liabilities | $0 |
| Total liabilities | $4,366,736 |
| Net assets without donor restrictions | $1,334,532 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,701,268 |