The Fay School
- Assets
- $22.2m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 115
- Location
- Houston, TX
- Founding
- 05/1991
- Data as of
- 06/2021
- EIN
- 76-0321325
Organization Overview
The Fay School is located in Houston, TX. The organization was established in 1991. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2021, Fay School employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fay 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 06/2021, Fay School generated $8.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $7.4m during the year ending 06/2021. While expenses have increased by 0.3% 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
THE FAY SCHOOL OFFERS HIGH- QUALITY EDUCATION FOR STUDENTS IN PRESCHOOL THROUGH FIFTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Scoville Ceo, Head Of School | Officer | 40 | $235,543 |
Jeff Fountain Cfo, Assistant Head Of School | Officer | 40 | $146,724 |
Omar Samji Chair | OfficerTrustee | 5 | $0 |
Sarah Pollock Treasurer | OfficerTrustee | 5 | $0 |
Megan Pond Secretary | OfficerTrustee | 5 | $0 |
Jeff Margolis Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kilgore Industries Hvac Repair & Maint | 6/29/18 | $188,318 |
Community Counselling Service Consulting | 6/29/18 | $203,226 |
Trio Electric Electrical Repairs | 6/29/18 | $127,402 |
Tech 3 Business Systems Tech Provision Maint | 6/29/18 | $117,477 |
Protection One Security | 6/29/18 | $131,474 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $132,186 |
| Related organizations | $0 |
| Government grants | $800,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $565,173 |
| Noncash contributions included in lines 1a–1f | $6,653 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,497,959 |
| Total Program Service Revenue | $7,184,055 |
| Investment income | $7,767 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $64,811 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,809,137 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $287,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $479,930 |
| Compensation of current officers, directors, key employees. | $247,701 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,375,870 |
| Pension plan accruals and contributions | $56,862 |
| Other employee benefits | $493,152 |
| Payroll taxes | $276,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,613 |
| Fees for services: Accounting | $29,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,153 |
| Advertising and promotion | $33,416 |
| Office expenses | $208,274 |
| Information technology | $415,334 |
| Royalties | $0 |
| Occupancy | $662,491 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,740 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $525,576 |
| Insurance | $117,773 |
| All other expenses | $23,131 |
| Total functional expenses | $7,350,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,541 |
| Savings and temporary cash investments | $12,538,898 |
| Pledges and grants receivable | $242,547 |
| Accounts receivable, net | $652,282 |
| 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 | $126,403 |
| Net Land, buildings, and equipment | $8,429,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,159,376 |
| Accounts payable and accrued expenses | $297,841 |
| Grants payable | $0 |
| Deferred revenue | $4,324,699 |
| 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 | $0 |
| Total liabilities | $4,622,540 |
| Net assets without donor restrictions | $16,948,074 |
| Net assets with donor restrictions | $588,762 |
| 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 | $22,159,376 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that The Fay School has recieved totaling $77,837.
| Awarding Organization | Amount |
|---|---|
Marie Fay Evnochides Fund Houston, TX PURPOSE: ANNUAL FUND | $22,500 |
Greater Houston Community Foundation Houston, TX PURPOSE: EDUCATIONAL | $14,000 |
Hsiao Family Foundation Inc Houston, TX PURPOSE: FUND RAISING | $10,000 |
Don And Colletta Mcmillian Foundation Houston, TX PURPOSE: GENERAL FUND | $7,500 |
Rubenstein Foundation Houston, TX PURPOSE: DONATION | $7,500 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $5,750 |
Endowment Analysis
| Beg. Balance | $1,927,314 |
| Earnings | $453,307 |
| Net Contributions | $10,000 |
| Ending Balance | $2,390,621 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Inc Austin, TX | $5,389,599 | $17,643,504 |
Southwest Christian School Inc Fort Worth, TX | $45,808,415 | $19,471,207 |
Southwest Louisiana Charter Academy Foundation Inc Lake Charles, LA | $44,512,602 | $16,859,571 |
Trinity School Of Midland Texas Midland, TX | $27,961,554 | $15,122,842 |
Dallas International School Dallas, TX | $26,054,966 | $13,430,563 |
Tulsa Christian Education Corporation Tulsa, OK | $13,603,997 | $12,564,074 |
Fort Worth Christian School Inc North Richland Hills, TX | $26,990,918 | $13,008,195 |
D Arbonne Woods Charter School Inc Farmerville, LA | $29,772,897 | $12,075,907 |
The New School Fayetteville, AR | $39,755,955 | $6,395,577 |
Success Preparatory Academy New Orleans, LA | $2,439,777 | $7,661,479 |
The Fay School Houston, TX | $22,159,376 | $8,809,137 |
Manara Academy Inc Irving, TX | $8,798,119 | $7,313,954 |