Draw Academy Incorporated
- Assets
- $4.1m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 99
- Location
- Houston, TX
- Founding
- 08/2001
- Data as of
- 08/2022
- 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 08/2022, Draw Academy Incorporated employed 99 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 08/2022, Draw Academy Incorporated generated $10.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $9.5m during the year ending 08/2022. While expenses have increased by 10.6% 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
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 PREKINDERGARTEN (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 |
|---|---|---|---|
Fernando Donatti Ceo/superintend | Officer | 40 | $117,880 |
Barbara Tharp Secretary | OfficerTrustee | 2 | $0 |
Diego Cutrera Vice President | OfficerTrustee | 2 | $0 |
Roxana Cuello President | OfficerTrustee | 2 | $0 |
Yajaira Iveth Lopez Board Member | Trustee | 2 | $0 |
Claudia Ruiz Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Soledo Llc Building Rent | 8/30/22 | $307,303 |
Aleph Investments Inc Building Rent | 8/30/22 | $601,466 |
Modesto Bustos Dba Texas J&d Electric Electrical Contracting | 8/30/22 | $128,513 |
Prusen Inc Web Hosting | 8/30/22 | $303,236 |
The Healthy Lunchbox Catering | 8/30/22 | $281,599 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,992,861 |
| 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 | $9,992,861 |
| Total Program Service Revenue | $32,602 |
| Investment income | $1,887 |
| 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 | $10,027,350 |
| 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. | $117,880 |
| Compensation of current officers, directors, key employees. | $58,940 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,032,976 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $485,151 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,360 |
| Fees for services: Accounting | $46,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,854 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $987,653 |
| Travel | $96,739 |
| 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 | $122,946 |
| Insurance | $118,795 |
| All other expenses | $441,864 |
| Total functional expenses | $9,464,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,670,164 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $636,112 |
| Accounts receivable, net | $109,314 |
| 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 | $113,669 |
| Net Land, buildings, and equipment | $526,346 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,055,605 |
| Accounts payable and accrued expenses | $356,684 |
| Grants payable | $0 |
| Deferred revenue | $52,400 |
| 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 | $409,084 |
| Net assets without donor restrictions | $529,348 |
| Net assets with donor restrictions | $3,117,173 |
| 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 | $4,055,605 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Draw Academy Incorporated has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Unidosus Washington, DC PURPOSE: GRANTS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magnolia Community Services Inc Jefferson, LA | $29,222,261 | $19,467,265 |
Moody Endowment Galveston, TX | $686,505,507 | $152,947,665 |
Brighton Center San Antonio, TX | $13,972,344 | $15,692,851 |
The Brookwood Community Inc Brookshire, TX | $8,710,239 | $19,329,578 |
Sunshine Cottage School For Deaf Children San Antonio, TX | $24,153,447 | $11,863,105 |
Burleson St Joseph Health Center Of Caldwell Texas Bryan, TX | $18,400,650 | $13,899,654 |
The Elizabeth Richardson Center Inc Fayetteville, AR | $5,939,188 | $10,158,731 |
Draw Academy Incorporated Houston, TX | $4,055,605 | $10,027,350 |
Child Study Center Fort Worth, TX | $14,339,570 | $9,360,325 |
Briarwood School Houston, TX | $7,638,237 | $8,954,444 |
Civitan Center Benton, AR | $7,426,072 | $8,172,929 |
Democracy Prep Louisiana Charter School Baton Rouge, LA | $3,691,538 | $8,557,999 |