Presbyterian School
- Assets
- $57.2m
- Revenue
- $15.6m
- Investments
- $6.5m
- Employees
- 168
- Location
- Houston, TX
- Founding
- 12/1989
- Data as of
- 06/2020
- EIN
- 76-0282995
Organization Overview
Presbyterian School is located in Houston, TX. The organization was established in 1989. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2020, Presbyterian School employed 168 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian School 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 06/2020, Presbyterian School generated $15.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $15.6m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
FAMILY, SCHOOL, AND CHURCH UNITED IN THE EDUCATION AND SUPPORT OF EACH CHILD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESBYTERIAN SCHOOL WAS FOUNDED ON THE PREMISE THAT CHILDREN SHOULD BE EDUCATED IN AN ENVIRONMENT THAT INTEGRATES THE THREE MAJOR INSTITUTIONS IN THEIR LIVES: FAMILY, SCHOOL, AND CHURCH. DEDICATED TO STRENGTHENING THE LIVES OF CHILDREN AND THEIR FAMILIES, THE SCHOOL PROVIDES AN EDUCATIONAL PROGRAM OF THE HIGHEST QUALITY FROM EARLY CHILDHOOD THROUGH GRADE 8 IN A CHRISTIAN ENVIRONMENT. STUDENTS ARE RESPECTED AND TREATED AS INDIVIDUALS OF WORTH, WHILE BEING ENCOURAGED TO DEVELOP A SENSE OF RESPONSIBILITY IN RELATION TO GOD, THEMSELVES, OTHERS, THEIR ENVIRONMENT, AND THE WORLD IN WHICH THEY LIVE. CHILDREN ARE GIVEN THE OPPORTUNITY TO DEVELOP TO THEIR FULLEST POTENTIAL - INTELLECTUALLY, PHYSICALLY, EMOTIONALLY, SOCIALLY, AND SPIRITUALLY - IN A SUPPORTIVE YET CHALLENGING ENVIRONMENT. IN 2019-2020, THE SCHOOL SERVED 598 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Carleton Headmaster | Officer | 40 | $497,195 |
Diane Havlinek Finance Dir | Officer | 40 | $148,707 |
Ashlea Taylor Dir Philanthropy | 40 | $124,344 | |
Christy Heno Head-Lower School | 40 | $112,798 | |
Kristin Brown Dir Admissions | 40 | $109,019 | |
William Durden Dir Athletics | 40 | $106,113 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Covenant Technology Services It Services | 6/29/20 | $414,135 |
Bellows Construction | 6/29/20 | $12,225,778 |
Pronetwork Solutions Llc It Services | 6/29/20 | $265,503 |
Goodman Bus Services Bus Services | 6/29/20 | $134,516 |
Gensler Architect | 6/29/20 | $306,615 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,305,860 |
| Investment income | $136,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,210 |
| Net Gain/Loss on Asset Sales | -$177,162 |
| Net Income from Fundraising Events | $300,281 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,577 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,639,314 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,044,657 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $716,816 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,995,844 |
| Pension plan accruals and contributions | $397,739 |
| Other employee benefits | $984,562 |
| Payroll taxes | $551,037 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,296 |
| Fees for services: Accounting | $38,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $476,321 |
| Advertising and promotion | $26,855 |
| Office expenses | $295,453 |
| Information technology | $631,769 |
| Royalties | $0 |
| Occupancy | $1,335,661 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,890 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $980,786 |
| Insurance | $83,610 |
| All other expenses | $0 |
| Total functional expenses | $15,627,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,318,288 |
| Savings and temporary cash investments | $9,351,261 |
| Pledges and grants receivable | $4,286,254 |
| Accounts receivable, net | $10,615 |
| 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 | $330,890 |
| Investments—publicly traded securities | $3,872,341 |
| Investments—other securities | $6,516,843 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,231,851 |
| Accounts payable and accrued expenses | $876,692 |
| Grants payable | $0 |
| Deferred revenue | $8,716,558 |
| 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 | $8,417,275 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,010,525 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $39,221,326 |