Great Hearts America-Texas
- Assets
- $272.4m
- Revenue
- $91.7m
- Investments
- $0.0
- Employees
- 1,454
- Location
- San Antonio, TX
- Founding
- 10/2003
- Data as of
- 06/2022
- EIN
- 43-1973126
Organization Overview
Great Hearts America-Texas is located in San Antonio, TX. The organization was established in 2003. According to its NTEE Classification (C27) the organization is classified as: Recycling, under the broad grouping of Environment and related organizations. As of 06/2022, Great Hearts America-Texas employed 1,454 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Hearts America-Texas 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 06/2022, Great Hearts America-Texas generated $91.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $88.0m during the year ending 06/2022. While expenses have increased by 26.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY GOAL OF GREAT HEARTS AMERICA-TEXAS IS TO GRADUATE THOUGHTFUL LEADERS OF CHARACTER WHO WILL CONTRIBUTE TO A MORE PHILOSOPHICAL, HUMANE, AND JUST SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREAT HEARTS AMERICA-TEXAS ACADEMIES ARE PUBLIC, INDEPENDENTLY OPERATED CHARTER SCHOOLS WITH OPEN ADMISSIONS POLICIES. EACH SCHOOL PROMISES A TRADITIONAL LIBERAL ARTS EDUCATION WITH SMALL CLASSES, AND AN ADVANCED HONORS CORE CURRICULUM. EACH ACADEMY REQUIRES A COMMON AND RIGOROUS SEQUENCE OF COURSES FOR ALL STUDENTS. ALL STUDENTS GRADUATE AS CRITICAL THINKERS, COHERENT WRITERS, AND CONFIDENT SPEAKERS. HIGH EXPECTATIONS FOR STUDENT CONDUCT ARE CO-EQUAL WITH THE SCHOOL'S ACADEMIC STANDARDS. STUDENTS PROFESS AN HONOR CODE THAT CALLS UPON THEM TO PRACTICE AND DEFEND ACADEMIC INTEGRITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Sedgwick Davis Chair | OfficerTrustee | 1 | $0 |
Mike Burke Vice Chair | OfficerTrustee | 1 | $0 |
Jay Heiler Secretary (to Feb 2022) | OfficerTrustee | 1 | $0 |
Kim Tanner Secretary (from April 2022) | OfficerTrustee | 1 | $0 |
Olecia Christie Director | Trustee | 1 | $0 |
Wade Dyke Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
H & R Industrial Llc Janitorial Services | 6/29/22 | $1,718,909 |
Diagnostic Assessment Services Student Assessment Services | 6/29/22 | $1,056,168 |
Coldwater Ventures Llc Consulting Services | 6/29/22 | $293,163 |
Benders Lawn Care And Maintenance Llc Lawn Care Services | 6/29/22 | $211,265 |
Schulman Lopez Hoffer & Adelstein Llp Legal Services | 6/29/22 | $165,648 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $81,792,599 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,321,506 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,114,105 |
| Total Program Service Revenue | $3,380,083 |
| Investment income | $117,723 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $129,330 |
| Net Gain/Loss on Asset Sales | -$593 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,740,648 |
| 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. | $2,873,408 |
| Compensation of current officers, directors, key employees. | $746,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,907,481 |
| Pension plan accruals and contributions | $1,871,041 |
| Other employee benefits | $5,713,046 |
| Payroll taxes | $782,746 |
| Fees for services: Management | $1,837,380 |
| Fees for services: Legal | $278,728 |
| Fees for services: Accounting | $93,720 |
| Fees for services: Lobbying | $90,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,532 |
| Fees for services: Other | $4,254,427 |
| Advertising and promotion | $611,194 |
| Office expenses | $1,444,294 |
| Information technology | $2,216,830 |
| Royalties | $0 |
| Occupancy | $5,826,676 |
| Travel | $270,099 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,281,293 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,275,040 |
| Insurance | $197,213 |
| All other expenses | $0 |
| Total functional expenses | $87,953,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,500,217 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $17,532,833 |
| 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 | $1,277,481 |
| Net Land, buildings, and equipment | $178,146,691 |
| Investments—publicly traded securities | $29,413,078 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,557,920 |
| Total assets | $272,428,220 |
| Accounts payable and accrued expenses | $14,121,555 |
| Grants payable | $0 |
| Deferred revenue | $189,937 |
| Tax-exempt bond liabilities | $208,908,497 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,782,309 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,401,211 |
| Total liabilities | $240,403,509 |
| Net assets without donor restrictions | $17,551,601 |
| Net assets with donor restrictions | $14,473,110 |
| 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 | $272,428,220 |