Braination Inc
- Assets
- $30.5m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 181
- Location
- San Antonio, TX
- Founding
- 06/1999
- Data as of
- 08/2023
- EIN
- 74-2869255
Organization Overview
Braination Inc is located in San Antonio, TX. The organization was established in 1999. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 08/2023, Braination Inc employed 181 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Braination 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, Braination Inc generated $13.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $14.7m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. 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 SCHOOL PROVIDES INNOVATIVE APPROACHES TO MEET INDIVIDUAL NEEDS OF K-12 STUDENTS WITH VARIOUS BACKGROUNDS INCLUDING A SUBSTANTIAL AT-RISK POPULATION. SCHOOLS HELP STUDENTS BECOME EXPERT LEARNERS AND LEADERS, ENCOURAGING STUDENTS TO LEAD PRINCIPLE-CENTERED LIVES, AND INSPIRING STUDENTS TO BELONG, FIND JOY, AND BE GREAT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A PUBLIC CHARTER SCHOOL FOR KINDERGARTEN THROUGH 12TH GRADE. AT THE END OF THE FISCAL YEAR, THE CHARTER HAD 6 CAMPUSES AND SERVED APPROXIMATELY 800 STUDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie West Board Member | Trustee | 1 | $0 |
Josephine Hurtado Board Member | Trustee | 1 | $0 |
Otis Scott Jr Board President | OfficerTrustee | 1 | $0 |
Dr Alan Holden Board Vice President | OfficerTrustee | 1 | $0 |
Shelley Mcculloch Secretary/treasurer | OfficerTrustee | 1 | $0 |
Dr Kenneth Whitt Superintendent | Officer | 40 | $177,207 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,000,000 |
| Government grants | $11,990,632 |
| 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 | $12,990,632 |
| Total Program Service Revenue | $317,572 |
| Investment income | $174,171 |
| 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 | $13,482,375 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,100,000 |
| 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. | $655,222 |
| Compensation of current officers, directors, key employees. | $73,246 |
| Compensation to disqualified persons | $6,578,537 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $502,435 |
| Other employee benefits | $562,893 |
| Payroll taxes | $539,897 |
| 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 | $507,087 |
| Advertising and promotion | $0 |
| Office expenses | $807,074 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $781,211 |
| Travel | $179,102 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79,642 |
| Interest | $279,640 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $995,620 |
| Insurance | $130,889 |
| All other expenses | $0 |
| Total functional expenses | $14,654,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,114,767 |
| Savings and temporary cash investments | $0 |
| 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 | $1,908,349 |
| Net Land, buildings, and equipment | $17,224,425 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $425,101 |
| Other assets | $1,793,062 |
| Total assets | $30,465,704 |
| Accounts payable and accrued expenses | $1,151,122 |
| Grants payable | $0 |
| Deferred revenue | $126,677 |
| 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 | $9,528,915 |
| Total liabilities | $10,806,714 |
| Net assets without donor restrictions | $13,716,361 |
| Net assets with donor restrictions | $5,942,629 |
| 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 | $30,465,704 |