Draw Academy Incorporated
- Assets
- $9.5m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 104
- Location
- Houston, TX
- Founding
- 08/2001
- Data as of
- 08/2023
- EIN
- 76-0680496
Organization Overview
Draw Academy Incorporated is located in Houston, TX. The organization was established in 2001. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 08/2023, Draw Academy Incorporated employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Draw Academy Incorporated 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 08/2023, Draw Academy Incorporated generated $10.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $10.7m during the year ending 08/2023. While expenses have increased by 7.9% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DRAW ACADEMY IS A TEXAS EDUCATION AGENCY OPEN ENROLLMENT CHARTER SCHOOL SERVING STUDENTS FROM PRE-KINDERGARTEN (3 YEARS OLD) TO EIGHTH GRADE STUDENTS AS A PUBLIC ELEMENTARY AND MIDDLE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DRAW ACADEMY IS A TEXAS EDUCATION AGENCY OPEN ENROLLMENT CHARTER SCHOOL SERVING STUDENTS FROM PRE-KINDERGARDEN (3 YEARS OLD) TO EIGHTH GRADE STUDENTS AS A PUBLIC ELEMENTARY AND MIDDLE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roxana Cuello President | OfficerTrustee | 2 | $0 |
Diego Cutrera Vice President | OfficerTrustee | 2 | $0 |
Barbara Tharp Secretary | OfficerTrustee | 2 | $0 |
Yajaira Iveth Lopez Board Member | Trustee | 2 | $0 |
Claudia Ruiz Board Member | Trustee | 2 | $0 |
Carolina Martinez Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aleph Investments Inc Building Rent | 8/30/23 | $652,704 |
The Healthy Lunch Box Catering | 8/30/23 | $514,569 |
Soledo Llc Building Rent | 8/30/23 | $329,401 |
Amtel Communications Telecommunications | 8/30/23 | $162,601 |
Prusen Inc Web Hosting | 8/30/23 | $361,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,825,621 |
| 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 | $10,825,621 |
| Total Program Service Revenue | $0 |
| Investment income | $10,333 |
| 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 | $10,835,954 |
| 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. | $270,536 |
| Compensation of current officers, directors, key employees. | $21,257 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,456,872 |
| Pension plan accruals and contributions | $361,275 |
| Other employee benefits | $423,056 |
| Payroll taxes | $76,267 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,080 |
| Fees for services: Accounting | $74,161 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,622,057 |
| Advertising and promotion | $0 |
| Office expenses | $38,184 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,326,233 |
| Travel | $2,353 |
| 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 | $119,781 |
| Insurance | $117,849 |
| All other expenses | $111,981 |
| Total functional expenses | $10,678,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,117,306 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $40,963 |
| Accounts receivable, net | $580,024 |
| 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 | $27,632 |
| Net Land, buildings, and equipment | $5,717,306 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,180 |
| Total assets | $9,507,411 |
| Accounts payable and accrued expenses | $486,802 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,607,451 |
| Total liabilities | $6,094,253 |
| Net assets without donor restrictions | $650,214 |
| Net assets with donor restrictions | $2,762,944 |
| 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 | $9,507,411 |