Houston Gateway Academy Inc
- Assets
- $78.9m
- Revenue
- $32.7m
- Investments
- $0.0
- Employees
- 211
- Location
- Houston, TX
- Founding
- 09/1999
- Data as of
- 08/2021
- EIN
- 31-1614343
Organization Overview
Houston Gateway Academy Inc is located in Houston, TX. The organization was established in 1999. 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, Houston Gateway Academy Inc employed 211 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Gateway Academy 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 08/2021, Houston Gateway Academy Inc generated $32.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $15.8m during the year ending 08/2021. While expenses have increased by 2.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP STRONG CRITICAL THINKERS THAT WILL GRADUATE FROM A FOUR YEAR COLLEGE BY PROVIDING CHARATER DEVELOPMENT AND RIGOROUS CURRICULUM
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE INDIVIDUALIZED CURRICULUM FOR STUDENTS TO MINIMIZE OR PREVENT LEARNING DISABILITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Mccarthy Compliance Officer | Officer | 60 | $204,390 |
Francisco Penning Interm Superintendent | Officer | 60 | $136,514 |
Charlie Menefee Board President | Trustee | 1 | $0 |
Sonia Throche Board Treasurer | Trustee | 1 | $0 |
Gilbert Ramon Board Secretary | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Genesis Telecom Inc Telecommunicati | 8/30/14 | $519,272 |
Hertz Furniture Furniture | 8/30/14 | $263,932 |
Creative Vision Grant Writing | 8/30/14 | $222,548 |
Preferred Meals Systems Inc Food Service | 8/30/14 | $479,324 |
Amegy Bank Of Texas Financing Servi | 8/30/14 | $579,510 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,297,385 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,435,135 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,732,520 |
| Total Program Service Revenue | $0 |
| Investment income | $3,697 |
| 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 | $32,736,217 |
| 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. | $340,905 |
| Compensation of current officers, directors, key employees. | $340,905 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,981,419 |
| Pension plan accruals and contributions | $199,282 |
| Other employee benefits | $410,452 |
| Payroll taxes | $234,483 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $258,771 |
| Fees for services: Accounting | $55,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,055,901 |
| Advertising and promotion | $416,308 |
| Office expenses | $268,693 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,817 |
| Travel | $1,738 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53,994 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $676,215 |
| Insurance | $141,193 |
| All other expenses | $222,500 |
| Total functional expenses | $15,773,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,444,658 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $918,097 |
| Prepaid expenses and deferred charges | $891,324 |
| Net Land, buildings, and equipment | $39,440,799 |
| Investments—publicly traded securities | $2,667,251 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $523,174 |
| Total assets | $78,886,053 |
| Accounts payable and accrued expenses | $1,901,674 |
| 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 | $600,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,100,276 |
| Total liabilities | $3,601,950 |
| Net assets without donor restrictions | $6,809,061 |
| Net assets with donor restrictions | $68,475,042 |
| 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 | $78,886,053 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Houston Gateway Academy Inc has recieved totaling $325,000.
| Awarding Organization | Amount |
|---|---|
Charter Fund Inc Broomfield, CO PURPOSE: STARTUP | $325,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Isidore Newman School New Orleans, LA | $70,350,338 | $38,233,388 |
Aplus Charter Schools Inc Dallas, TX | $53,044,254 | $32,813,961 |
Trinity Valley School Fort Worth, TX | $129,853,781 | $31,929,734 |
Saint Marys Hall Inc San Antonio, TX | $128,500,252 | $28,063,566 |
Lafayette Charter Foundation Inc Lafayette, LA | $33,304,298 | $27,089,084 |