Promesa Public Schools

Organization Overview

Promesa Public Schools, operating under the name East Austin College Prep In Austin, is located in Austin, TX. The organization was established in 2008. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, East Austin College Prep In Austin employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Austin College Prep In Austin 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 06/2021, East Austin College Prep In Austin generated $12.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $10.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE VISION OF VALERE PUBLIC SCHOOLS IS TO SERVE AS A MODEL SCHOOL THAT SUCCESSFULLY PREPARES ALL STUDENTS, REGARDLESS OF ECONOMIC BACKGROUND, FOR A RIGOROUS HIGH SCHOOL CURRICULUM, GRADUATION, AND ULTIMATELY SUCCESS IN COLLEGE AND CAREER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VALERE PUBLIC SCHOOLS [VALERE] BELIEVES THAT EVERYONE DESERVES ACCESS TO QUALITY EDUCATION. STUDIES SHOW THAT WHERE A CHILD LIVES DIRECTLY IMPACTS THEIR CHANCES OF ATTENDING COLLEGE AND PURSUING OPPORTUNITIES TO EARN A LIVING WAGE, WHICH IS WHY VALERE OPERATES FREE, COLLEGE PREPARATORY SCHOOLS FOR PRE-K TO 12TH GRADERS THAT ARE ACCESSIBLE TO THE ENTIRE COMMUNITY WITH FREE TRANSPORTATION AND FREE AFTER-SCHOOL CARE. VALERE OFFERS FREE TUTORING AND ITS TEACHERS HAVE EXTENDED HOURS TO ENSURE IT IS PROVIDING STUDENTS WITH PERSONALIZED OPPORTUNITIES TO EXCEL IN LEARNING. VALERE OPERATES IN SEVERAL COMMUNITIES INCLUDING CORPUS CHRISTI, BROWNSVILLE, AND AUSTIN, TX. THE NUMBER OF STUDENTS SERVED: 1,052


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Star Shuttle
Bus Transportation
$291,078
Chacbak Llc
Rent
$135,203
Southwest Key Programs Inc
Rent
$730,011
Preferred Meal Systems
Food Service
$480,585
Durham School Service
Bus Transportation
$287,792
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,734,022
All other contributions, gifts, grants, and similar amounts not included above$40,290
Noncash contributions included in lines 1a–1f $46,887
Total Revenue from Contributions, Gifts, Grants & Similar$2,774,312
Total Program Service Revenue$9,995,307
Investment income $0
Tax Exempt Bond Proceeds $0
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 -$10,830
Miscellaneous Revenue$0
Total Revenue $12,758,789

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Promesa Public Schools has recieved totaling $28,030.

Awarding OrganizationAmount
Musk Foundation

Austin, TX

PURPOSE: SUPPORT SCHOOL OPERATIONS AND PROGRAMS

$28,030
View Grant Recipient Profile

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