Odyssey 2020 Academy Inc
- Assets
- $24.0m
- Revenue
- $17.8m
- Investments
- $0.0
- Employees
- 269
- Location
- Galveston, TX
- Founding
- 01/1999
- Data as of
- 06/2021
- EIN
- 76-0577257
Organization Overview
Odyssey 2020 Academy Inc is located in Galveston, TX. The organization was established in 1999. 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 06/2021, Odyssey 2020 Academy Inc employed 269 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Odyssey 2020 Academy 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, Odyssey 2020 Academy Inc generated $17.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $17.0m during the year ending 06/2021. While expenses have increased by 12.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ODYSSEY ACADEMY IS A PUBLIC CHARTER SCHOOL, COMMISSIONED BY THE TEXAS EDUCATION AGENCY. WE EDUCATE CHILDREN IN GALVESTON AND HARRIS COUNTIES, AGED 3 YEARS OLD THROUGH HIGH SCHOOL, WITH AN INTENTIONAL FOCUS ON MATH, SCIENCE AND TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND INSTRUCTIONAL-RELATED SERVICES - THESE EXPENSES ARE FOR COSTS THAT DEAL DIRECTLY WITH INSTRUCTION PROVIDED TO STUDENTS IN A SCHOOL CLASSROOM OR IN ANOTHER LOCATION.
INSTRUCTIONAL AND SCHOOL LEADERSHIP - THESE ARE EXPENSES RELATED TO MANAGING, DIRECTING, SUPERVISING, AND LEADING STAFF MEMBERS WHO PROVIDE INSTRUCTION OR INSTRUCTION-RELATED SERVICES. THESE EXPENSES ARE ALSO FOR COSTS RELATED TO THE GENERAL MANAGEMENT AND LEADERSHIP OF A SCHOOL CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Goodman Superintendent | Officer | 40 | $169,000 |
Matthew Sherman Business Officer | Officer | 40 | $107,872 |
Doug Matthews Director | OfficerTrustee | 1 | $0 |
Neal G Matlock Vice President | OfficerTrustee | 1 | $0 |
George W S Abbey Board President | OfficerTrustee | 1 | $0 |
Dr Cissy Matthews Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Collaborate Arch Llc Architecture Services | 6/29/21 | $166,233 |
Jmk5 Mall Of The Mainland Llc Building Lease | 6/29/21 | $337,088 |
Puma Construction Construction Services | 6/29/21 | $278,741 |
Region 4 Esc Education Supplies And Services | 6/29/21 | $190,391 |
Heb Grocery Co Lp Building Lease | 6/29/21 | $200,525 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,053,650 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,053,650 |
| Total Program Service Revenue | $1,697,572 |
| Investment income | $0 |
| 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 | $17,751,222 |
| 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. | $276,872 |
| Compensation of current officers, directors, key employees. | $276,872 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,593,895 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,023,958 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,332 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,466 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $916,013 |
| Travel | $11,357 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $798,541 |
| Insurance | $252,217 |
| All other expenses | $628,335 |
| Total functional expenses | $17,029,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,639,426 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,311,474 |
| Accounts receivable, net | $11 |
| 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 | $46,406 |
| Net Land, buildings, and equipment | $16,948,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,048,566 |
| Total assets | $23,994,459 |
| Accounts payable and accrued expenses | $1,415,412 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $11,450,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,726,572 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $100,270 |
| Total liabilities | $19,692,254 |
| Net assets without donor restrictions | $4,302,205 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,994,459 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Odyssey 2020 Academy Inc has recieved totaling $680,000.
| Awarding Organization | Amount |
|---|---|
Moody Foundation Galveston, TX PURPOSE: EXPANDING HIGH YIELD PROGRAM FOR GALVESTON SECONDARY STUDENTS. | $600,000 |
Permanent Endowment Fund Of The Moody Memorial First United Method Galveston, TX PURPOSE: Operating and Program Support | $80,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greenhill School Addison, TX | $147,490,301 | $53,613,950 |
St Marks School Of Texas Dallas, TX | $307,638,954 | $39,530,532 |
Tlc Academy San Angelo, TX | $61,295,304 | $42,259,776 |
Episcopal School Of Dallas Inc Dallas, TX | $115,874,541 | $40,283,303 |
John Cooper School The Woodlands, TX | $108,804,128 | $40,380,579 |
Fort Worth Country Day School Inc Fort Worth, TX | $119,263,068 | $39,582,011 |
Faith Family Kids Inc Desoto, TX | $30,662,985 | $39,123,210 |
Isidore Newman School New Orleans, LA | $70,350,338 | $38,233,388 |
Aplus Charter Schools Inc Dallas, TX | $53,044,254 | $32,813,961 |
Trinity Valley School Fort Worth, TX | $129,853,781 | $31,929,734 |
Saint Marys Hall Inc San Antonio, TX | $128,500,252 | $28,063,566 |
Lafayette Charter Foundation Inc Lafayette, LA | $33,304,298 | $27,089,084 |