East Texas Advanced Academies
- Assets
- $2.4m
- Revenue
- $32.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Longview, TX
- Founding
- Data as of
- 08/2021
- EIN
- 83-0920571
Organization Overview
East Texas Advanced Academies is located in Longview, TX. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 08/2021, East Texas Advanced Academies employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Texas Advanced Academies 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 08/2021, East Texas Advanced Academies generated $32.7m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $31.7m during the year ending 08/2021. While expenses have increased by 1.1% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AND MANAGE IN-DISTRICT CHARTER CAMPUSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF SIX IN-DISTRICT CHARTER CAMPUSES WITHIN LONGVIEW INDEPENDENT SCHOOL DISTRICT TO ACHIEVE AND IMPROVE STUDENT OUTCOMES AS OUTLINED IN THE PERFORMANCE AGREEMENT
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Cynthia Wise Chief Executive Officer | Officer | 40 | $182,856 |
Dr Donald L Stewart Jr Deputy Of Busi Ops - Through 6/2021 | Officer | 40 | $122,624 |
Alan Amos President | OfficerTrustee | 0.3 | $0 |
Sam Satterwhite Deceased Secretary | OfficerTrustee | 0 | $0 |
Judson Murray Treasurer | OfficerTrustee | 0.3 | $0 |
Dr Brian Ziemer Deputy Of Ops/fin Svcs - Beg 8/2021 | Officer | 40 | $0 |
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 | $20,969 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,969 |
| Total Program Service Revenue | $32,679,375 |
| 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 | $32,700,344 |
| 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. | $307,302 |
| Compensation of current officers, directors, key employees. | $119,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,531 |
| Pension plan accruals and contributions | $22,594 |
| Other employee benefits | $15,899 |
| Payroll taxes | $2,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,879 |
| 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 | $0 |
| Travel | $6,000 |
| 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 | $2,823 |
| All other expenses | $0 |
| Total functional expenses | $31,710,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,375,541 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,916 |
| 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 | $2,379,457 |
| Accounts payable and accrued expenses | $110,153 |
| Grants payable | $0 |
| Deferred revenue | $815,855 |
| 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 | $926,008 |
| Net assets without donor restrictions | $1,453,449 |
| 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 | $2,379,457 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverwalk Education Foundation Inc Leon Valley, TX | $396,093,988 | $109,250,212 |
Kipp New Orleans Inc New Orleans, LA | $40,708,301 | $82,308,367 |
Jubilee Academic Center Inc San Antonio, TX | $137,938,000 | $77,234,033 |
Collegiate Academies New Orleans, LA | $15,386,568 | $45,139,366 |
Renew-Reinventing Education New Orleans, LA | $11,254,190 | $34,978,044 |
Foundation For Louisiana Students Baton Rouge, LA | $21,702,876 | $38,265,312 |
East Texas Advanced Academies Longview, TX | $2,379,457 | $32,700,344 |
Basis Texas Charter Schools Inc San Antonio, TX | $92,451,409 | $31,933,223 |
Dove Schools Oklahoma City, OK | $6,243,861 | $28,048,630 |
Discovery Health Sciences Foundation Inc Kenner, LA | $11,194,982 | $30,168,997 |
Arkansas Virtual Academy Little Rock, AR | $3,075,159 | $27,721,037 |
Algiers Charter School Association Inc New Orleans, LA | $11,545,116 | $21,416,188 |