Prestige Institute Inc
- Assets
- $401.6k
- Revenue
- $712.6k
- Investments
- $0.0
- Employees
- 21
- Location
- Bellaire, TX
- Founding
- 05/2018
- Data as of
- 06/2022
- EIN
- 82-3224098
Organization Overview
Prestige Institute Inc, operating under the name Prestige Learning Institute, is located in Bellaire, TX. The organization was established in 2018. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, Prestige Learning Institute employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prestige Learning Institute 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, Prestige Learning Institute generated $712.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $545.7k during the year ending 06/2022. While expenses have increased by 20.0% 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
PLI EXISTS TO GLORIFY GOD BY EDUCATING, EQUIPPING, AND MINISTERING TO IMMIGRANT AND REFUGEE FAMILIES. THEIR VISION IS TO SEE GOD'S LOVE BRING HOLISTIC TRANSFORMATION TO IMMIGRANT AND REFUGEE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S AND AFTER-SCHOOL PROGRAMS. PRESTIGE LEARNING INSTITUTE(PLI) SHARES THE LOVE OF GOD WITH CHILDREN, ENCOURAGING THEIR PHYSICAL AND ACADEMIC DEVELOPMENT USING CURRICULUM EMBEDDED WITH BIBLICAL TRUTH. PLI PROVIDES TRAUMA-INFORMED CARE, SUPPORTING ENTRY INTO THE U.S. SCHOOL SYSTEM. THE NUMBER OF CHILDREN GREW FROM 68 LAST YEAR TO 174 BY YEAR-END. PLI'S AFTER SCHOOL PROGRAM PROVIDED TUTORING AND SOCIAL OPPORTUNITIES FOR 5-TO 12-YEAR-OLD KIDS THROUGH THEIR ACADEMIC-YEAR AFTER SCHOOL CLUB AND THEIR SUMMER ENGLISH CAMP. THROUGH BOTH OF THESE ACTIVITIES, 62 NEW CHILDREN WERE ENGAGED THIS YEAR. FOR MORE INFORMATION, SEE SCHEDULE O
ADULT PROGRAMS - PLI WORKS WITH BOTH WOMEN AND MEN, EMPOWERING THEM TO THRIVE IN THE UNITED STATES. WOMEN'S ESL CLASSES GREW FROM 100 STUDENTS LAST YEAR TO 149 THIS YEAR; 94% OF THESE STUDENTS PASSED TO THE NEXT LEVEL. 14 OF THESE WOMEN MADE EXCEPTIONAL GAINS BY ADVANCING TWO LEVELS. 141 HOME VISITS WERE MADE TO CONNECT WITH REFUGEE AND IMMIGRANT WOMEN, DEMONSTRATING GOD'S LOVE AND HELPING TO EQUIP THEM FOR A FULL LIFE IN THE U.S. PLI ALSO STARTED AN EXCITING NEW EVENING PROGRAM SPECIFICALLY FOR TEEN GIRLS. THIS YEAR THE ESL PROGRAM STARTED A NEW MEN'S ESL CLASS AND A NEW WOMEN'S DIGITAL LITERACY CLASS. THIRTEEN NEW INSTRUCTORS WERE TRAINED FOR THE ESL PROGRAM. FOR MORE INFORMATION SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Coffman President | OfficerTrustee | 2 | $0 |
Andrew Necker Secretary | OfficerTrustee | 2 | $0 |
Todd Richards Treasurer | OfficerTrustee | 2 | $0 |
Richard Miller Board Member | Trustee | 2 | $0 |
Cynthia Mora Board Member | Trustee | 2 | $0 |
Tim Rigsby Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $684,105 |
| Investment income | $21 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,601 |
| Net Gain/Loss on Asset Sales | $344 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $712,586 |
| 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 | $255,291 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,028 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,581 |
| Office expenses | $32,306 |
| Information technology | $10,300 |
| Royalties | $0 |
| Occupancy | $113,582 |
| 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 | $859 |
| Insurance | $6,071 |
| All other expenses | $0 |
| Total functional expenses | $545,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,971 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $7,250 |
| Investments—publicly traded securities | $23,317 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $401,634 |
| Accounts payable and accrued expenses | $4,421 |
| 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 | $4,421 |
| Net assets without donor restrictions | $368,072 |
| Net assets with donor restrictions | $29,141 |
| 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 | $397,213 |