La Academia De Estrellas
- Assets
- $19.4m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 208
- Location
- Dallas, TX
- Founding
- 07/2004
- Data as of
- 08/2023
- EIN
- 20-0733852
Organization Overview
La Academia De Estrellas is located in Dallas, TX. The organization was established in 2004. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 08/2023, LA Academia DE Estrellas employed 208 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Academia DE Estrellas 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 08/2023, LA Academia DE Estrellas generated $14.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $13.7m during the year ending 08/2023. While expenses have increased by 6.1% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A PREKINDERGARTEN TO 8TH GRADE CHARTER SCHOOL IN THE NORTH OAK CLIFF SECTION OF DALLAS SERVING MOSTLY LOWINCOME FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
LA ACADEMIA DE ESTRELLAS SOLE PROGRAM SERVICE IS TO OPERATE A PK-8 CHARTER SCHOOL IN THE NORTH OAK CLIFF SECTION OF DALLAS, TEXAS. IN FY 2023 (TAX YEAR 2022), ENROLLMENT AT YEAR'S END WAS 1,005 STUDENTS, OF WHOM, ABOUT 88% WERE FROM LOW-INCOME BACKGROUNDS. THE SCHOOL HAD 143 FULL-TIME AND 2 PART-TIME EMPLOYEES AND 30 SUBSTITUTE TEACHERS AND APPROXIMATELY A 12:1 STUDENT:INSTRUCTIONAL PERSONNEL RATIO IN EACH OF THE GRADES. THE SCHOOL EARNED A B GRADE FROM THE TEXAS EDUCATION AGENCY BASED ON STUDENT STAAR TEST SCORES IN 2022 (NO 2023 GRADES HAVE BEEN ISSUED YET)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorraine Mantei Superintendent | Officer | 40 | $131,501 |
Richard Tuck Business Manager | Officer | 40 | $92,153 |
Jacqueline Banda VP Of The Board | OfficerTrustee | 0.5 | $0 |
Juanda Tate Director | Trustee | 0.5 | $0 |
Brian Mcgovern President | OfficerTrustee | 0.5 | $0 |
Catalina Lechuga Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,718,231 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,718,231 |
| Total Program Service Revenue | $52,281 |
| Investment income | $92,694 |
| Tax Exempt Bond Proceeds | $36 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $14,161,754 |
| 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. | $264,918 |
| Compensation of current officers, directors, key employees. | $264,918 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,795,335 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,105,911 |
| Payroll taxes | $135,805 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,573 |
| Fees for services: Accounting | $17,807 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $443,576 |
| Advertising and promotion | $0 |
| Office expenses | $42,996 |
| Information technology | $419,598 |
| Royalties | $0 |
| Occupancy | $965,375 |
| Travel | $127,063 |
| 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 | $330,751 |
| Insurance | $20,637 |
| All other expenses | $102,387 |
| Total functional expenses | $13,676,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,478,762 |
| Savings and temporary cash investments | $1,274,586 |
| Pledges and grants receivable | $1,975,045 |
| Accounts receivable, net | $0 |
| 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 | $125,794 |
| Net Land, buildings, and equipment | $10,433,579 |
| Investments—publicly traded securities | $1,115,416 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,403,182 |
| Accounts payable and accrued expenses | $1,229,052 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,224,005 |
| 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 | $0 |
| Total liabilities | $4,453,057 |
| Net assets without donor restrictions | $2,116,015 |
| Net assets with donor restrictions | $12,834,110 |
| 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 | $19,403,182 |