Texas Private School Foundation Inc
- Assets
- $13.4m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 114
- Location
- Bryan, TX
- Founding
- 08/1975
- Data as of
- 06/2021
- EIN
- 74-1821193
Organization Overview
Texas Private School Foundation Inc is located in Bryan, TX. The organization was established in 1975. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Texas Private School Foundation Inc employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Private School Foundation 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 06/2021, Texas Private School Foundation Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $5.2m during the year ending 06/2021. 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
TEXAS PRIVATE SCHOOL FOUNDATION, INC. DBA ALLEN ACADEMY IS A NON-DEMONINATIONAL PRIVATE SCHOOL FOUNDED IN 1886. ALLEN ACADEMY EDUCATES STUDENTS FROM PRE-KINDERGARTEN THROUGH THE TWELVE GRADES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXAS PRIVATE SCHOOL FOUNDATION, INC. DBA ALLEN ACADEMY IS A NON-DEMONINATIONAL PRIVATE SCHOOL FOUNDED IN 1886. ALLEN ACADEMY EDUCATES STUDENTS FROM PRE-KINDERGARDEN THROUGH TWELVE GRADES.
TEXAS PRIVATE SCHOOL FOUNDATION, INC. DBA ALLEN ACADEMY IS A NON-DEMONINATIONAL PRIVATE SCHOOL FOUNDED IN 1886. ALLEN ACADEMY EDUCATES STUDENTS FROM PRE-KINDERGARDEN THROUGH TWELVE GRADES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Notaro Head Of School | 40 | $150,000 | |
Daniel Dawson Board Chairman | OfficerTrustee | 5 | $0 |
Aaron Dawson Secretary | OfficerTrustee | 5 | $0 |
Paul Dyson Board Vice Chairman | OfficerTrustee | 5 | $0 |
Jimmy Loup Treasurer | OfficerTrustee | 5 | $0 |
Jason Ortgies Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Musco Lighting | 6/29/21 | $113,400 |
Wayne T Rife Pc | 6/29/21 | $110,278 |
Scott & White Health Plan | 6/29/21 | $290,602 |
Ryan Sanders Sports Services | 6/29/21 | $117,250 |
Wayne T Rife Pc | 6/29/21 | $110,278 |
Ryan Sanders Sports Services | 6/29/21 | $117,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $550,894 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $550,894 |
| Total Program Service Revenue | $4,343,588 |
| Investment income | $3,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $298,538 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,738,027 |
| 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 | $2,957,783 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $223,285 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $423,171 |
| Advertising and promotion | $10,423 |
| Office expenses | $1,700 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $133,420 |
| Travel | $10,126 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $315,061 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $495,119 |
| Insurance | $73,202 |
| All other expenses | $5,780 |
| Total functional expenses | $5,223,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,419,992 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,208,125 |
| 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 | $8,718,758 |
| Investments—publicly traded securities | $13,627 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,113 |
| Total assets | $13,362,615 |
| Accounts payable and accrued expenses | $2,630,171 |
| Grants payable | $0 |
| Deferred revenue | $4,019,661 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $3,475,000 |
| Secured mortgages and notes payable | $3,762,701 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,887,533 |
| Net assets without donor restrictions | -$840,881 |
| Net assets with donor restrictions | $315,963 |
| 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 | $13,362,615 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Private School Foundation Inc has recieved totaling $132.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $132 |
Endowment Analysis
| Beg. Balance | $13,534 |
| Earnings | $3,409 |
| Net Contributions | $1,116 |
| Ending Balance | $18,059 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Academies Of New Orleans Inc New Orleans, LA | $3,607,282 | $19,811,905 |
Varnett Schools Inc Houston, TX | $25,630,579 | $16,355,176 |
The Emery-Weiner Center For Jewish Education Houston, TX | $36,882,077 | $18,976,630 |
Sandia School Albuquerque, NM | $27,571,490 | $14,904,182 |
French & Montessori Education Inc New Orleans, LA | $8,632,060 | $13,354,447 |
Fort Bend Christian Academy Sugar Land, TX | $31,881,778 | $16,006,683 |
The Lamplighter School Dallas, TX | $61,812,607 | $20,667,782 |
Arise Academy New Orleans, LA | $3,784,290 | $13,860,913 |
Ser Ninos Inc Houston, TX | $64,261,169 | $15,924,628 |
San Antonio Academy Of Texas San Antonio, TX | $49,529,781 | $8,875,317 |
Conservative Jewish Day School Of Dallas Inc Dallas, TX | $20,121,364 | $11,313,522 |
Hope Christian Schools Inc Albuquerque, NM | $37,299,109 | $13,469,173 |