Jubilee Academic Center Inc
- Assets
- $137.9m
- Revenue
- $77.2m
- Investments
- $0.0
- Employees
- 1,360
- Location
- San Antonio, TX
- Founding
- 12/2000
- Data as of
- 06/2021
- EIN
- 74-2939346
Organization Overview
Jubilee Academic Center Inc is located in San Antonio, TX. The organization was established in 2000. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Jubilee Academic Center Inc employed 1,360 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jubilee Academic Center 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, Jubilee Academic Center Inc generated $77.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $69.9m during the year ending 06/2021. While expenses have increased by 9.3% 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
ESTABLISHED TO OPERATE AS A PUBLIC CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXAS EDUCATION AGENCY
U S DEPARTMENT OF EDUCATION
U S DEPARTMENT OF AGRICULTURE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Koger Board Chairman | OfficerTrustee | 5 | $0 |
Kevin L Phillips Superintendent | Officer | 40 | $169,312 |
Rene Gallegos Jr C F O | Officer | 40 | $166,553 |
Flor E Robertson Associate Supt | Officer | 40 | $121,546 |
David S Cofer Exec Dir Of Human Reources | Officer | 40 | $110,800 |
Arcelia Leon Exec Dir-Of Curriculum | Officer | 40 | $110,523 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,811,588 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,942,048 |
| Total Program Service Revenue | $184,313 |
| Investment income | $107,672 |
| 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 | $77,234,033 |
| 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. | $4,447,497 |
| Compensation of current officers, directors, key employees. | $3,553,692 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,468,491 |
| Pension plan accruals and contributions | $1,648,828 |
| Other employee benefits | $3,773,714 |
| Payroll taxes | $815,824 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $181,456 |
| Fees for services: Accounting | $26,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $18,226 |
| Royalties | $0 |
| Occupancy | $1,534,918 |
| Travel | $149,477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,269,642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,986,115 |
| Insurance | $479,349 |
| All other expenses | -$129,422 |
| Total functional expenses | $69,868,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,635,799 |
| Pledges and grants receivable | $18,768,420 |
| Accounts receivable, net | $63,253 |
| 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 | $122,804 |
| Net Land, buildings, and equipment | $91,978,597 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,369,127 |
| Total assets | $137,938,000 |
| Accounts payable and accrued expenses | $6,047,849 |
| 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 | $104,092,428 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,295,575 |
| Total liabilities | $114,435,852 |
| Net assets without donor restrictions | $7,824,463 |
| Net assets with donor restrictions | $15,677,685 |
| 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 | $137,938,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jubilee Academic Center Inc has recieved totaling $170,000.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $170,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverwalk Education Foundation Inc Leon Valley, TX | $396,093,988 | $109,250,212 |
Kipp New Orleans Inc New Orleans, LA | $40,708,301 | $82,308,367 |
Jubilee Academic Center Inc San Antonio, TX | $137,938,000 | $77,234,033 |
Collegiate Academies New Orleans, LA | $15,386,568 | $45,139,366 |
Renew-Reinventing Education New Orleans, LA | $11,254,190 | $34,978,044 |
Foundation For Louisiana Students Baton Rouge, LA | $21,702,876 | $38,265,312 |
East Texas Advanced Academies Longview, TX | $2,379,457 | $32,700,344 |
Basis Texas Charter Schools Inc San Antonio, TX | $92,451,409 | $31,933,223 |
Dove Schools Oklahoma City, OK | $6,243,861 | $28,048,630 |
Discovery Health Sciences Foundation Inc Kenner, LA | $11,194,982 | $30,168,997 |
Arkansas Virtual Academy Little Rock, AR | $3,075,159 | $27,721,037 |
Algiers Charter School Association Inc New Orleans, LA | $11,545,116 | $21,416,188 |