Promesa Academy Inc
- Assets
- $1.2m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 25
- Location
- San Antonio, TX
- Founding
- 10/2017
- Data as of
- 06/2021
- EIN
- 82-2921031
Organization Overview
Promesa Academy Inc is located in San Antonio, TX. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Promesa Academy Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promesa 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 06/2021, Promesa Academy Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 57.4% each year . All expenses for the organization totaled $3.1m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING HIGH QUALITY INSTRUCTION TO ENSURE EVERY KINDERGARTEN-FIFTH GRADE STUDENT HAS THE SKILLS AND KNOWLEDGE FOR MIDDLE AND HIGH SCHOOL SUCCESS, COLLEGE GRADUATION AND LIFE FILLED WITH OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH RIGOROUS AND ENGAGING ACADEMICS, HIGH-QUALITY INSTRUCTION, AND A COMMITMENT TO EXCELLENCE IN ALL THAT WE DO, PROMESA ACADEMY CHARTER SCHOOL ENSURES EVERY KINDERGARTEN THROUGH FIFTH-GRADE STUDENT HAS THE SKILLS AND KNOWLEDGE FOR MIDDLE AND HIGH SCHOOL SUCCESS, COLLEGE GRADUATION, AND A LIFE FILLED WITH OPPORTUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ambika Dani Ceo/superint | Officer | 40 | $50,000 |
Jared Sorensen Treasurer | OfficerTrustee | 2 | $0 |
Annie Hoffman Secretary | OfficerTrustee | 2 | $0 |
Sally Robertson Vice Chair | OfficerTrustee | 2 | $0 |
Dax Moreno Board Chair | OfficerTrustee | 2 | $0 |
Christopher Green Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Star Shuttle & Charter Transportation | 6/29/21 | $141,970 |
Aim Special Ed | 6/29/21 | $124,569 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,951,507 |
| All other contributions, gifts, grants, and similar amounts not included above | $458,930 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,410,437 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $3,410,437 |
| 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. | $109,846 |
| Compensation of current officers, directors, key employees. | $109,846 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,252,620 |
| Pension plan accruals and contributions | $68,718 |
| Other employee benefits | $81,328 |
| Payroll taxes | $17,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,164 |
| 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 | $424,181 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $33,741 |
| Royalties | $0 |
| Occupancy | $506,705 |
| Travel | $18,588 |
| 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 | $14,862 |
| All other expenses | $0 |
| Total functional expenses | $3,087,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $921,970 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $277,109 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,199,079 |
| Accounts payable and accrued expenses | $191,570 |
| 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 | $191,570 |
| Net assets without donor restrictions | $636,464 |
| Net assets with donor restrictions | $371,045 |
| 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 | $1,199,079 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Promesa Academy Inc has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
San Antonio Area Foundation Group Return San Antonio, TX PURPOSE: GENERAL SUPPORT | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Meridian Corporation Austin, TX | $22,335,966 | $20,374,244 |
Belle Chasse Academy Inc Belle Chasse, LA | $29,416,847 | $17,545,847 |
Village Tech Schools Duncanville, TX | $32,290,922 | $14,785,373 |
Bexar County Performing Arts Center Foundation San Antonio, TX | $183,646,136 | $8,087,390 |
Leading Educators Inc New Orleans, LA | $10,160,201 | $9,461,961 |
Hispanic Association Of Colleges And Universities San Antonio, TX | $14,909,180 | $14,551,149 |
Passages America Israel Inc Allen, TX | $8,997,691 | $7,060,714 |
Extend-A-Care Inc Austin, TX | $4,350,683 | $9,102,758 |
Educate Girls Austin, TX | $42,960,470 | $14,126,525 |
Evolution Acadamy Richardson, TX | $15,542,643 | $6,925,248 |
Oklahoma Public School Resource Center Inc Oklahoma City, OK | $4,660,216 | $8,536,647 |
Prime Time Family Reading New Orleans, LA | $2,481,247 | $6,549,424 |