Academy Of Accelerated Learning Inc
- Assets
- $13.9m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 103
- Location
- Houston, TX
- Founding
- 02/1998
- Data as of
- 08/2023
- EIN
- 31-1583056
Organization Overview
Academy Of Accelerated Learning Inc is located in Houston, TX. The organization was established in 1998. 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 08/2023, Academy Of Accelerated Learning Inc employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of Accelerated Learning 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 08/2023, Academy Of Accelerated Learning Inc generated $12.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $12.0m during the year ending 08/2023. While expenses have increased by 8.0% 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
THE CORPORATION WAS ORGANIZED TO PROVIDE EDUCATIONAL SERVICES TO AT-RISK STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Percy Creuzot Member | OfficerTrustee | 3 | $0 |
Isaac Ledesma Secretary | OfficerTrustee | 3 | $0 |
James Douglas Vice-President | OfficerTrustee | 3 | $0 |
Veda Brown Member | Trustee | 3 | $0 |
Tommy Brooks President | Trustee | 3 | $0 |
Doris Robins Superintendent | 40 | $181,105 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nutek Enterprises Inc Facility Rental | 8/30/23 | $505,680 |
The Healthy Lunch Box Inc Food Services | 8/30/23 | $483,420 |
Chimney Rock Properties Inc Facilty Rental | 8/30/23 | $332,400 |
Lance Hamilton Information Technology Consultant | 8/30/23 | $113,756 |
2ml Braeswood Facility Rental | 8/30/23 | $111,547 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,844,940 |
| 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 | $11,844,940 |
| Total Program Service Revenue | $105,562 |
| Investment income | $144,067 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,094,569 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,889,038 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $687,516 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,775 |
| Fees for services: Accounting | $38,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,990,403 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,163,172 |
| Travel | $124,875 |
| 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 | $403,844 |
| Insurance | $51,887 |
| All other expenses | $85,968 |
| Total functional expenses | $11,954,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,769,848 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $295,949 |
| Accounts receivable, net | $112,274 |
| 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 | $11,661 |
| Net Land, buildings, and equipment | $4,628,155 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,701 |
| Total assets | $13,879,588 |
| Accounts payable and accrued expenses | $37,886 |
| 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 | $2,381,672 |
| Total liabilities | $2,419,558 |
| Net assets without donor restrictions | $1,943,975 |
| Net assets with donor restrictions | $9,516,055 |
| 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 | $13,879,588 |