Harmony Public Schools
- Assets
- $922.6m
- Revenue
- $499.1m
- Investments
- $0.0
- Employees
- 5,650
- Location
- Houston, TX
- Founding
- 05/2000
- Data as of
- 06/2022
- 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 06/2022, Harmony Public Schools employed 5,650 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harmony Public Schools 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 06/2022, Harmony Public Schools generated $499.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $484.2m during the year ending 06/2022. While expenses have increased by 7.5% per year over the past 7 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
2022
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 | $209,604 |
Carnita Thomas Employee | 40 | $138,777 | |
Abdulrasit Avsar Employee | 40 | $137,253 | |
Nihat Bayhan Deputy Superintendent | Officer | 40 | $137,106 |
Umit Alpaslan Deputy Superintendent | Officer | 40 | $132,793 |
Metin Ekren Chief Internal Auditor | Officer | 40 | $128,221 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Preferred Meal Systems Inc Catering | 6/29/22 | $4,633,214 |
Harmony Education Foundation Substitute/facility Lease/tutoring Servi | 6/29/22 | $2,390,060 |
A'viands Llc Catering | 6/29/22 | $3,166,682 |
Crystal Facility Solutions Inc Janitorial | 6/29/22 | $2,205,802 |
Revolution Foods Inc Catering | 6/29/22 | $2,339,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $482,703,291 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,941,677 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $491,644,968 |
| Total Program Service Revenue | $9,188,170 |
| Investment income | $1,261,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,952,138 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $499,142,320 |
| 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. | $2,708,353 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $292,345,447 |
| Pension plan accruals and contributions | $16,464,817 |
| Other employee benefits | $16,865,417 |
| Payroll taxes | $4,299,655 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,339,215 |
| Fees for services: Accounting | $453,434 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,623,003 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,398,394 |
| Travel | $1,584,042 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,962,486 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,489,470 |
| Insurance | $2,256,855 |
| All other expenses | $0 |
| Total functional expenses | $484,245,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,390,929 |
| Savings and temporary cash investments | $94,199,284 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,513,380 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,638,462 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,980,191 |
| Net Land, buildings, and equipment | $606,637,644 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $274,709 |
| Total assets | $922,634,599 |
| Accounts payable and accrued expenses | $85,061,775 |
| Grants payable | $0 |
| Deferred revenue | $907,988 |
| Tax-exempt bond liabilities | $536,780,799 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $33,865,977 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $122,880,564 |
| Total liabilities | $779,497,103 |
| Net assets without donor restrictions | $42,837,950 |
| Net assets with donor restrictions | $100,299,546 |
| 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 | $922,634,599 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Harmony Public Schools has recieved totaling $2,821,739.
| Awarding Organization | Amount |
|---|---|
Houston Endowment Inc Houston, TX PURPOSE: PROJECT SUPPORT FOR HOUSTON EXPANSION | $1,000,000 |
Houston Endowment Inc Houston, TX PURPOSE: PROJECT SUPPORT FOR HOUSTON EXPANSION | $1,000,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT THE EXPANSION OF HARMONY PUBLIC SCHOOLS IN TARRANT COUNTY. | $688,889 |
Servant Foundation Overland Park, KS PURPOSE: EDUCATION | $100,000 |
Project Lead The Way Inc Indianapolis, IN PURPOSE: Program Implementation | $20,000 |
S A Yes San Antonio, TX PURPOSE: CREATION OF DRYING RACK, ROBOTICS & BOOK CLUB, PLTW MODULE RESTOCK AND ZSPACE | $12,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Idea Public Schools Weslaco, TX | $1,725,652,293 | $822,040,599 |
Harmony Public Schools Houston, TX | $922,634,599 | $499,142,320 |
Uplift Education Dallas, TX | $529,971,241 | $254,959,728 |
Responsive Education Solutions Lewisville, TX | $503,486,883 | $249,736,936 |
Inspirenola Charter Schools New Orleans, LA | $22,382,887 | $74,884,221 |
Kinkaid School Inc Houston, TX | $122,042,370 | $52,090,713 |
St Johns School Houston, TX | $423,318,238 | $58,605,665 |
Hockaday School Dallas, TX | $327,432,445 | $61,281,462 |
Trinity Basin Preparatory Inc Grand Prairie, TX | $147,305,445 | $57,426,553 |
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 |