Harmony Public Schools
- Assets
- $681.3m
- Revenue
- $405.3m
- Investments
- $0.0
- Employees
- 5,428
- Location
- Houston, TX
- Founding
- 05/2000
- Data as of
- 06/2020
- EIN
- 76-0615245
Organization Overview
Harmony Public Schools is located in Houston, TX. The organization was established in 2000. 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, Harmony Public Schools employed 5,428 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Harmony Public Schools generated $405.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $392.7m during the year ending 06/2020. While expenses have increased by 6.1% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
HARMONY PUBLIC SCHOOLS PREPARES EACH AND EVERY STUDENT FOR COLLEGE AND CAREER BY PROVIDING A SAFE, CARING AND COLLABORATIVE ATMOSPHERE AND A QUALITY STUDENT-CENTERED EDUCATIONAL PROGRAM WITH A STRONG EMPHASIS ON SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING AND DEVELOPING CHARTER SCHOOLS TO PROVIDE A SAFE, CARING AND COLLABORATIVE ATMOSPHERE WITHIN A STUDENT-CENTERED EDUCATIONAL PROGRAM WITH A STRONG EMPHASIS ON SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS IN ORDER TO PREPARE STUDENTS FOR HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fatih Ay Chief Executive Officer | Officer | 40 | $193,865 |
Umit Alpaslan Deputy Superintendent | Officer | 40 | $125,292 |
Metin Ekren Chief Internal Auditor | Officer | 40 | $123,892 |
Yalcin Akyildiz Chief Advancement Officer | Officer | 40 | $123,584 |
Harun Karan Area Superintendent | 40 | $122,118 | |
Nihat Bayhan Deputy Superintendent | Officer | 40 | $121,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Revolution Foods Inc Catering Service | 6/29/20 | $6,720,461 |
Dell Financial Services Financial | 6/29/20 | $3,781,680 |
Key Construction Texas Llc Construction Service | 6/29/20 | $5,819,692 |
Regions Bank Rent | 6/29/20 | $3,562,245 |
Mazanec Construction Co Construction Service | 6/29/20 | $3,193,278 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $393,715,933 |
| 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 | $393,715,933 |
| Total Program Service Revenue | $8,949,539 |
| Investment income | $2,171,431 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $418,008 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $405,254,911 |
| 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. | $1,555,544 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $233,641,192 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,454,859 |
| Payroll taxes | $4,183,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,736,327 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,367,342 |
| Travel | $2,423,642 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,573,685 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,961,510 |
| Insurance | $1,357,349 |
| All other expenses | $4,906,506 |
| Total functional expenses | $392,723,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,426,158 |
| Savings and temporary cash investments | $85,456,437 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,099,280 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,821,298 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $149,002 |
| Net Land, buildings, and equipment | $457,120,583 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $232,452 |
| Total assets | $681,305,210 |
| Accounts payable and accrued expenses | $10,539,370 |
| Grants payable | $0 |
| Deferred revenue | $76,675 |
| Tax-exempt bond liabilities | $387,112,277 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $26,196,190 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $157,746,937 |
| Total liabilities | $581,671,449 |
| Net assets without donor restrictions | $28,878,221 |
| Net assets with donor restrictions | $70,755,540 |
| 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 | $681,305,210 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Harmony Public Schools has recieved totaling $77,100.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $50,000 |
For Inspiration And Recognition Of Science And Technology First Manchester, NH PURPOSE: Program Support | $15,825 |
Foundation For Inspiration & Recognition Science & Technology I Round Rock, TX PURPOSE: SEE PART IV | $8,775 |
George W Bush Foundation Dallas, TX PURPOSE: LIBRARY BOOKS | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Idea Public Schools Weslaco, TX | $1,480,680,871 | $665,304,414 |
Harmony Public Schools Houston, TX | $681,305,210 | $405,254,911 |
Uplift Education Dallas, TX | $495,174,277 | $233,920,259 |
Responsive Education Solutions Lewisville, TX | $346,516,530 | $207,641,879 |
St Johns School Houston, TX | $433,263,538 | $53,650,003 |
Inspirenola Charter Schools New Orleans, LA | $10,445,601 | $53,597,908 |
Kinkaid School Inc Houston, TX | $123,015,734 | $51,435,180 |
Greenhill School Addison, TX | $182,905,371 | $56,089,910 |
Hockaday School Dallas, TX | $263,104,844 | $44,903,789 |
St Marks School Of Texas Dallas, TX | $307,638,954 | $39,530,532 |
Episcopal School Of Dallas Inc Dallas, TX | $116,642,895 | $39,472,960 |
John Cooper School The Woodlands, TX | $108,778,663 | $37,845,324 |