Jubilee Academic Center Inc
- Assets
- $171.6m
- Revenue
- $90.5m
- Investments
- $0.0
- Employees
- 1,306
- Location
- San Antonio, TX
- Founding
- 12/2000
- Data as of
- 06/2022
- 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 06/2022, Jubilee Academic Center Inc employed 1,306 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 06/2022, Jubilee Academic Center Inc generated $90.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $89.6m during the year ending 06/2022. While expenses have increased by 13.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
JUBILEE ACADEMIES, A FREE PUBLIC CHARTER SCHOOL DISTRICT BEGAN IN JANUARY 2000 WITH 60 STUDENTS IN SAN ANTONIO, TEXAS. CURRENT TEXAS GEOGRAPHIC BOUNDARIES INCLUDE: BROWNSVILLE,HARLINGEN,KINGSVILLE,SAN ANTONIO,AUSTIN. JUBILEE SERVES NEARLY 6,000 STUDENTS AT 12 SITES WITHIN ITS BOUNDARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JUBILEE ACADEMIES IS A RAPIDLY GROWING OPEN-ENROLLMENT CHARTER SCHOOL BASED IN SAN ANTONIO, TEXAS. WE SERVE STUDENTS FROM PRE-(K)4 THROUGH 12TH GRADE.WE ARE COMMITTED TO THE GOAL OF EXCELLENCE IN EDUCATION FOR ALL STUDENTS. OUR CAMPUSES PROVIDE A SAFE AND STRUCTURED COMMUNITY FOCUSED ON LEADERSHIP, ACADEMICS AND A BALANCE OF MIND AND BODY FOR LIFETIME SUCCESS. JUBILEE SERVES NEARLY 6,000 STUDENTS AT 12 SITES WITHIN ITS BOUNDARIES. CURRENT GEOGRAPHIC BOUNDARIES INCLUDE: RIO GRANDE VALLEY - BROWNSVILLE, HARLINGEN, COASTAL BEND - KINGSVILLE, SOUTH CENTRAL - SAN ANTONIO AND CENTRAL TEXAS - AUSTIN (WELLS BRANCH).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Kroger Board Chairman/chief Executive Officer | OfficerTrustee | 45 | $203,862 |
Gloria Glover Secretary And Treasurer | OfficerTrustee | 5 | $0 |
Zach Lutz Board Vice Chair | OfficerTrustee | 5 | $0 |
Kevin L Phillips Superitendent | Officer | 40 | $193,560 |
Rene Gallegos Chief Financial Officer | Officer | 40 | $183,527 |
Davids Cofer Executive Director Of Human Resource | Officer | 40 | $139,059 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Saving Our Students Through Educati Education | 6/29/22 | $327,854 |
Watchmen Protective Services Llc Security Services | 6/29/22 | $254,695 |
Schulman Lopez Hoffer Llp Legal | 6/29/22 | $128,096 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,443,678 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,643 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,590,321 |
| Total Program Service Revenue | $762,413 |
| Investment income | $81,214 |
| 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 | $90,492,083 |
| 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. | $2,185,895 |
| Compensation of current officers, directors, key employees. | $1,868,001 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,216,740 |
| Pension plan accruals and contributions | $2,458,371 |
| Other employee benefits | $4,226,787 |
| Payroll taxes | $985,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $114,776 |
| Fees for services: Accounting | $83,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $107,680 |
| Office expenses | $217,808 |
| Information technology | $880,731 |
| Royalties | $0 |
| Occupancy | $3,888,676 |
| Travel | $643,727 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,111,540 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,393,735 |
| Insurance | $459,340 |
| All other expenses | $1,627,789 |
| Total functional expenses | $89,627,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,013,556 |
| Pledges and grants receivable | $22,199,284 |
| Accounts receivable, net | $185,209 |
| 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 | $223,525 |
| Net Land, buildings, and equipment | $115,360,833 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,576,524 |
| Total assets | $171,558,931 |
| Accounts payable and accrued expenses | $8,481,705 |
| 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 | $134,789,597 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,284,926 |
| Total liabilities | $146,556,228 |
| Net assets without donor restrictions | $8,865,466 |
| Net assets with donor restrictions | $16,137,237 |
| 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 | $171,558,931 |