Energized For Stem Academy Inc
- Assets
- $1.1m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 131
- Location
- Houston, TX
- Founding
- 02/2010
- Data as of
- 06/2022
- EIN
- 80-0235918
Organization Overview
Energized For Stem Academy Inc is located in Houston, TX. The organization was established in 2010. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Energized For Stem Academy Inc employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Energized For Stem 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 06/2022, Energized For Stem Academy Inc generated $7.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $7.1m during the year ending 06/2022. While expenses have increased by 4.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO PROVIDE THE HIGHEST QUALITY ACADEMIC EXPERIENCE FOR ITS STUDENTS IN A CARING NURTURING, SAFE AND HEALTH ENVIRONMENT. ENERGIZED FOR STEM ACADEMY, INC. EMBRACES A COLLEGE BOUND CULTURE DESIGNED TO INCREASE THE LIKELIHOOD OF HIGH SCHOOL GRADUATION WHILE PREPARING STUDENTS FOR COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND EXPENSES WERE RECEIVED AND EXPENDED PROVIDING SUPERIOR ACADEMICS TO ELEMENTARY AND MIDDLE SCHOOL CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yamilet Fernandez Board Member | Trustee | 5 | $0 |
Manuel D Leal Board Member | Trustee | 5 | $0 |
Mike Lunsford Board Member | Trustee | 5 | $0 |
John Rudley Board Member | Trustee | 5 | $0 |
Opal Brandy Secretary | Officer | 5 | $0 |
James Douglas Treasurer | Officer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Houston Independent School District Rent-utilities | 7/30/15 | $256,346 |
Kaylon Construction Inc Construction | 7/30/15 | $258,077 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $192,408 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,408 |
| Total Program Service Revenue | $7,355,136 |
| Investment income | -$363,459 |
| 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 | $7,195,517 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,772,322 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,059,878 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,259,683 |
| Travel | $21,720 |
| 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 | $7,145,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,854 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,071 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $956,049 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,473 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $107,193 |
| Total assets | $1,112,640 |
| Accounts payable and accrued expenses | $463,315 |
| 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 | $0 |
| Total liabilities | $463,315 |
| Net assets without donor restrictions | $649,325 |
| Net assets with donor restrictions | $0 |
| 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 | $1,112,640 |