Terra Verde Discovery School Inc
- Assets
- $266.3k
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Norman, OK
- Founding
- 03/2012
- Data as of
- 07/2023
- EIN
- 27-2819766
Organization Overview
Terra Verde Discovery School Inc is located in Norman, OK. The organization was established in 2012. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terra Verde Discovery School Inc 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 07/2023, Terra Verde Discovery School Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $3.1m during the year ending 07/2023. While expenses have increased by 20.5% per year over the past 8 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
DEVELOP COURAGEOUS LEARNERS BY ENCOURAGING CREATIVITY, INNOVATION, AND CRITICAL THINKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TERRA VERDE DISCOVERY SCHOOL IS A CREATIVE, PROGRESSIVE, INDEPENDENT COEDUCATIONAL DAY SCHOOL FOR STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE. WE ARE PASSIONATE ABOUT MAINTAINING AN ENVIRONMENT WHERE INDIVIDUAL RESPECT, INDEPENDENT THINKING, CREATIVITY, RESPONSIBILITY, AND INTEGRITY ARE PARAMOUNT. A TERRA VERDE DISCOVERY SCHOOL EDUCATION ENABLES CHILDREN TO DEVELOP AN ETHICAL APPROACH TO ALL RELATIONSHIPS, TO REALIZE THEIR FULL POTENTIAL, AND TO BELIEVE IN THEIR POWER TO EFFECT POSITIVE CHANGE. OUR ACADEMIC PROGRAM IS DESIGNED BY OUR EXCEPTIONAL FACULTY WHO SERVE AS INSTRUCTORS AND INSPIRATIONAL MENTORS. WE RESEARCH AND USE THE BEST-PUBLISHED TEXTS WE CAN FIND, AND MAY USE MULTIPLE SOURCES TO CREATE THE VERY BEST PROGRAMS AVAILABLE.
TERRA VERDE DISCOVERY SCHOOL IS A CREATIVE, PROGRESSIVE, INDEPENDENT COEDUCATIONAL DAY SCHOOL FOR STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE. WE ARE PASSIONATE ABOUT MAINTAINING AN ENVIRONMENT WHERE INDIVIDUAL RESPECT, INDEPENDENT THINKING, CREATIVITY, RESPONSIBILITY, AND INTEGRITY ARE PARAMOUNT. A TERRA VERDE DISCOVERY SCHOOL EDUCATION ENABLES CHILDREN TO DEVELOP AN ETHICAL APPROACH TO ALL RELATIONSHIPS, TO REALIZE THEIR FULL POTENTIAL, AND TO BELIEVE IN THEIR POWER TO EFFECT POSITIVE CHANGE. OUR ACADEMIC PROGRAM IS DESIGNED BY OUR EXCEPTIONAL FACULTY WHO SERVE AS INSTRUCTORS AND INSPIRATIONAL MENTORS. WE RESEARCH AND USE THE BEST-PUBLISHED TEXTS WE CAN FIND, AND MAY USE MULTIPLE SOURCES TO CREATE THE VERY BEST PROGRAMS AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Snyder Head Of School | OfficerTrustee | 40 | $0 |
Peter Wilson President | OfficerTrustee | 5 | $0 |
Shelly Wilson Secretary | OfficerTrustee | 10 | $0 |
Scott Shuler Director | Trustee | 5 | $0 |
Bart Conner Director | Trustee | 5 | $0 |
Peter Wilson President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $81,010 |
| Related organizations | $0 |
| Government grants | $264,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $277,661 |
| Noncash contributions included in lines 1a–1f | $20,080 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $623,271 |
| Total Program Service Revenue | $2,724,251 |
| Investment income | $1,233 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,250 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,049 |
| Net Income from Gaming Activities | $27,404 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,439,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33 |
| 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. | $234,128 |
| Compensation of current officers, directors, key employees. | $234,128 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,779,464 |
| Pension plan accruals and contributions | $22,546 |
| Other employee benefits | $154,470 |
| Payroll taxes | $140,702 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,413 |
| Fees for services: Accounting | $14,359 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,743 |
| Advertising and promotion | $200 |
| Office expenses | $125,156 |
| Information technology | $34,712 |
| Royalties | $0 |
| Occupancy | $98,182 |
| Travel | $19,489 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,145 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,303 |
| Insurance | $83,724 |
| All other expenses | $70,291 |
| Total functional expenses | $3,070,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,942 |
| Savings and temporary cash investments | $163,516 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $81,807 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $266,265 |
| Accounts payable and accrued expenses | $22,200 |
| 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 | $0 |
| Total liabilities | $22,200 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $244,065 |
| Total liabilities and net assets/fund balances | $266,265 |