Fort Worth Academy For The Education Of Children & Youth
- Assets
- $11.9m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 59
- Location
- Fort Worth, TX
- Founding
- 06/1983
- Data as of
- 06/2021
- EIN
- 75-1836214
Organization Overview
Fort Worth Academy For The Education Of Children & Youth is located in Fort Worth, TX. The organization was established in 1983. 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, Fort Worth Academy For The Education Of Children & Youth employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Worth Academy For The Education Of Children & Youth 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, Fort Worth Academy For The Education Of Children & Youth generated $4.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $3.6m 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
EDUCATION OF CHILDREN AND YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF CHILDREN AND YOUTH IN GRADES KINDERGARTEN THROUGH EIGHT GRADE.
EDUCATION OF CHILDREN AND YOUTH IN GRADES KINDERGARTEN THROUGH EIGHT GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Elders Head Of School | Officer | 50 | $197,514 |
Marcia Garoon Chief Financial Officer | Officer | 50 | $102,018 |
Kara Lamphere President | OfficerTrustee | 1 | $0 |
Eddie Feld Treasurer | OfficerTrustee | 1 | $0 |
Andrew Hawkins Vice President | OfficerTrustee | 1 | $0 |
Mo Sathyamoorthy Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gff Inc Building Architecture | 6/29/21 | $154,247 |
Velco Construction & Restoration Llc Roof Replacement | 6/29/21 | $131,456 |
Velco Construction & Restoration Llc Roof Replacement | 6/29/21 | $131,456 |
Gff Inc Building Architecture | 6/29/21 | $154,247 |
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 | $1,802,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,802,960 |
| Total Program Service Revenue | $2,869,015 |
| Investment income | $5,767 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,537 |
| Net Rental Income | $1,565 |
| Net Gain/Loss on Asset Sales | -$83,601 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,206 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,616,207 |
| 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. | $307,095 |
| Compensation of current officers, directors, key employees. | $169,815 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,770,989 |
| Pension plan accruals and contributions | $55,278 |
| Other employee benefits | $303,293 |
| Payroll taxes | $161,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,061 |
| Fees for services: Accounting | $28,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $600 |
| Advertising and promotion | $41,404 |
| Office expenses | $85,511 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $312,258 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $177 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $287,029 |
| Insurance | $0 |
| All other expenses | $38,045 |
| Total functional expenses | $3,603,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,007,517 |
| Savings and temporary cash investments | $2,400,007 |
| Pledges and grants receivable | $413,440 |
| Accounts receivable, net | $1,506,856 |
| 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 | $41,904 |
| Net Land, buildings, and equipment | $5,556,456 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,926,180 |
| Accounts payable and accrued expenses | $154,642 |
| Grants payable | $0 |
| Deferred revenue | $2,859,916 |
| 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 | $21,595 |
| Unsecured mortgages and notes payable | $400,000 |
| Other liabilities | $0 |
| Total liabilities | $3,436,153 |
| Net assets without donor restrictions | $6,553,338 |
| Net assets with donor restrictions | $1,936,689 |
| 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 | $11,926,180 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fort Worth Academy For The Education Of Children & Youth has recieved totaling $332.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $332 |
Endowment Analysis
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 |