Inspired For Excellence Academy Inc
- Assets
- $502.3k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 42
- Location
- Houston, TX
- Founding
- 07/2009
- Data as of
- 07/2019
- EIN
- 80-0235914
Organization Overview
Inspired For Excellence Academy Inc is located in Houston, TX. The organization was established in 2009. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2019, Inspired For Excellence Academy Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspired For Excellence 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 07/2019, Inspired For Excellence Academy Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 30.7% each year . All expenses for the organization totaled $1.4m during the year ending 07/2019. While expenses have increased by 5.9% per year over the past 3 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRED FOR EXCELLENCE ACADEMY, INC. IS AN HISD CHARTER SCHOOL DESIGNED TO PROVIDE ACCELERATED LEARNING FOR OVER-AGED STUDENTS IN THE 5TH THOUGH 8TH GRADES AIMED AT GETTING THE STUDENTS ON TRACK TO GRADUATE FROM HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSPIRED FOR EXCELLENCE ACADEMY, INC. IS AN HISD CHARTER SCHOOL DESIGNED TO PROVIDE ACCELERATED LEARNING FOR OVER-AGED STUDENTS IN THE 5TH THOUGH 8TH GRADES AIMED AT GETTING THE STUDENTS ON TRACK TO GRADUATE FROM HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Harris President | OfficerTrustee | 5 | $0 |
Opal Brandy Secretary | OfficerTrustee | 5 | $0 |
James Douglas Treasurer | OfficerTrustee | 5 | $0 |
John Rudley Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $161,630 |
| Investment income | $129 |
| 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 | $1,750,562 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,046,342 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $253,418 |
| 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 | $80 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,963 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,422,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $420,852 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,492 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $69,933 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $502,277 |
| Accounts payable and accrued expenses | $118,598 |
| Grants payable | $0 |
| Deferred revenue | $525,536 |
| 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 | $1,889,272 |
| Total liabilities | $2,533,406 |
| Net assets without donor restrictions | -$2,357,429 |
| Net assets with donor restrictions | $326,300 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$2,031,129 |