Faith Family Kids Inc
- Assets
- $30.7m
- Revenue
- $39.1m
- Investments
- $0.0
- Employees
- 430
- Location
- Desoto, TX
- Founding
- 09/2003
- Data as of
- 08/2020
- EIN
- 06-1689571
Organization Overview
Faith Family Kids Inc, operating under the name Faith Family Academy Of Waxahachie Waxahachie, is located in Desoto, TX. The organization was established in 2003. 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 08/2021, Faith Family Academy Of Waxahachie Waxahachie employed 430 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Family Academy Of Waxahachie Waxahachie 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 08/2020, Faith Family Academy Of Waxahachie Waxahachie generated $39.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $33.3m during the year ending 08/2020. While expenses have increased by 5.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN EXEMPLARY EDUCATION THAT EMPHASIZES POSITIVE SELF-ESTEEM, HIGH ACADEMIC STANDARDS, AN APPRECIATION FOR THE FINE ARTS, AND ENCOURAGE CIVIC RESPONSIBILITY. THE SCHOOL ORGANIZATIONS AT FFA WILL ULTIMATELY ENABLE STUDENTS TO SERVE AS RESPONSIBLE CITIZENS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC ENROLLMENT CHARTER SCHOOL TO EMPOWER AND EDUCATE THE WHOLE CHILD FOR LIFELONG SUCCESS AS A RESPONSIBLE LEADER IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mollie J Purcell Superintendent | Officer | 60 | $561,410 |
Amanda D Subjinski Asst Supt Of Finance/cfo | Officer | 40 | $406,920 |
Michael Dang Chief Academic Officer | Officer | 40 | $238,690 |
Jason S Oliver Chief Of Schools | Officer | 40 | $218,267 |
Lorie Gassert Asst Supt Of Special Programs | Officer | 40 | $157,007 |
Felicia Johnson Asst Supt Of School Leadership | Officer | 40 | $156,970 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Front Porch Marketing Llc Marketing & Social Media | 8/30/21 | $189,208 |
Juan Paco Escobar Construction Services | 8/30/21 | $179,665 |
Javier Andrade Landscaping Maintenance | 8/30/21 | $149,530 |
Dodd Communications Llc Public Communication Services | 8/30/21 | $195,000 |
Larry Dean Mcguire Llc Building Contractor Management | 8/30/21 | $182,744 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,839,050 |
| Investment income | $3,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,035 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,123,210 |
| Statement of Expenses | |
|---|---|
| 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. | $768,771 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,910,762 |
| Pension plan accruals and contributions | $1,057,980 |
| Other employee benefits | $654,531 |
| Payroll taxes | $287,479 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,699 |
| Fees for services: Accounting | $29,174 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,926,390 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $38,325 |
| Royalties | $0 |
| Occupancy | $641,026 |
| Travel | $371,360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $763,418 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,129,133 |
| Insurance | $244,617 |
| All other expenses | $0 |
| Total functional expenses | $33,264,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,119,422 |
| Savings and temporary cash investments | $3,861,858 |
| Pledges and grants receivable | $4,723,455 |
| Accounts receivable, net | $61,430 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,073,440 |
| Total assets | $30,662,985 |
| Accounts payable and accrued expenses | $1,322,874 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $12,929,255 |
| Total liabilities | $14,252,129 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $16,410,856 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Faith Family Kids Inc has recieved totaling $1,093.
| Awarding Organization | Amount |
|---|---|
Slicker Enterprise Foundation Wilmington, DE PURPOSE: EXPLORE 360 PROGRAM | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $93 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspirenola Charter Schools New Orleans, LA | $22,382,887 | $74,884,221 |
Kinkaid School Inc Houston, TX | $122,042,370 | $52,090,713 |
St Johns School Houston, TX | $423,318,238 | $58,605,665 |
Hockaday School Dallas, TX | $327,432,445 | $61,281,462 |
Trinity Basin Preparatory Inc Grand Prairie, TX | $147,305,445 | $57,426,553 |
Greenhill School Addison, TX | $147,490,301 | $53,613,950 |
St Marks School Of Texas Dallas, TX | $307,638,954 | $39,530,532 |
Tlc Academy San Angelo, TX | $61,295,304 | $42,259,776 |
Episcopal School Of Dallas Inc Dallas, TX | $115,874,541 | $40,283,303 |
John Cooper School The Woodlands, TX | $108,804,128 | $40,380,579 |
Fort Worth Country Day School Inc Fort Worth, TX | $119,263,068 | $39,582,011 |
Faith Family Kids Inc Desoto, TX | $30,662,985 | $39,123,210 |