Deep Waters Academy
- Assets
- $38.7k
- Revenue
- $106.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Houston, TX
- Founding
- Data as of
- 06/2022
- EIN
- 85-3670476
Organization Overview
Deep Waters Academy is located in Houston, TX. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Deep Waters Academy employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deep Waters Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE PARTNER WITH FAMILIES TO GUIDE STUDENTS TO LEARN TO LOVE WHAT IS GOOD, TRUE AND BEAUTIFUL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEEP WATERS ACADEMY (DWA) IS A UNIVERSITY-MODEL SCHOOL INCORPORATED IN THE STATE OF TEXAS AS OF THE FALL 2020 WITH A PRIMARY PURPOSE OF EDUCATION. FOR THE FISCAL YEAR BEGINNING JULY 1, 2021 AND ENDING JUNE 30, 2022, DWA HAD 22 STUDENTS AND 8 EMPLOYEES. THE SCHOOL CONTAINS STUDENTS FROM GRADES KINDERGARTEN-SEVEN AND PROVIDES INSTRUCTION IN THE FOLLOWING SUBJECTS: MATH, READING & WRITING, ENGLISH, HISTORY, SCIENCE, MUSIC, AND ART. DWA IS A UNIVERSITY-MODEL SCHOOL, MEANING IT MEETS TWICE PER WEEK ON THE MAIN CAMPUS, LOCATED AT 770 PINELOCH DR, HOUSTON, TX 77062, AND THREE TIMES PER WEEK AT THE SATELLITE (HOME) CAMPUS. WHILE ON THE MAIN CAMPUS STUDENTS ARE INSTRUCTED BY QUALIFIED TEACHERS WHOM UNDERGO A BACKGROUND CHECK AND FORMAL INTERVIEW PROCESS. AT HOME, THE ACADEMIC INSTRUCTION WILL CONTINUE UNDER THE SUPERVISION OF THE CHILD'S PARENT(S) OR GUARDIAN(S), CREATING A PARTNERSHIP BETWEEN SCHOOL AND FAMILY. OPERATING REVENUES AND PRIVATE DONATIONS FUND 100% OF THE OPERATING EXPENSES SUCH AS: TEACHER/STAFF PAYROLL, DUES & SUBSCRIPTIONS, FACILITIES COSTS, AND GENERAL AND ADMINISTRATIVE EXPENSES. DWA'S PURPOSE IS TO EDUCATE ADOLESCENT MINDS, TEACHING THEM TO LEARN AND LOVE WHAT IS GOOD, TRUE, AND BEAUTIFUL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amelia Chiara President | OfficerTrustee | 20 | $3,780 |
Kristin Fontana Vice-Preside | OfficerTrustee | 20 | $9,360 |
Sara Fontana Head Of Mini | OfficerTrustee | 10 | $0 |
Vincent Chiara Secretary | OfficerTrustee | 1 | $0 |
Kim Noto Board Member | Trustee | $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 | $33,548 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,548 |
| Total Program Service Revenue | $72,028 |
| 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 | $890 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,466 |
| 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. | $13,140 |
| Compensation of current officers, directors, key employees. | $4,618 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,375 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,521 |
| Fees for services: Management | $0 |
| 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 | $563 |
| Advertising and promotion | $2,686 |
| Office expenses | $3,544 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,910 |
| 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 | $3,950 |
| All other expenses | $127 |
| Total functional expenses | $82,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,735 |
| 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 | $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 | $16,933 |
| Total assets | $38,668 |
| Accounts payable and accrued expenses | $0 |
| 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 | $5,093 |
| Total liabilities | $5,093 |
| Net assets without donor restrictions | $33,575 |
| 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 | $38,668 |