Richard Milburn Academy Texas Inc is located in San Antonio, TX. The organization was established in 2003. 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 06/2021, Richard Milburn Academy Texas Inc employed 281 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richard Milburn Academy Texas 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, Richard Milburn Academy Texas Inc generated $17.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $15.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 6 years. 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 CHARTER SCHOOLS THAT PROVIDE EDUCATIONAL SERVICES TO AT RISK STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC PROGRAM - THE ACADEMY PROVIDES EDUCATIONAL SERVICES TO STUDENTS IN GRADE 9 THROUGH 12 WHO ARE AT RISK OF DROPPING OUT OF THE PUBLIC HIGH SCHOOL SYSTEM PRIOR TO GRADUATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Armard Anderson Superintende | Officer | 40 | $0 |
Mr Robert Clemons Assistant Se | Trustee | $0 | |
Mr Donald Nemec Board Secret | Trustee | $0 | |
Ms Rose Thompson Assistant Pr | Trustee | $0 | |
Dr Belinda Pustka President | Trustee | $0 | |
Dr Francis White Treasurer | Trustee | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Jr3 Websmart Llc Back Office | 6/29/18 | $1,022,699 |
Butler-cohen Llc | 6/29/18 | $921,018 |
Kimberly Vandiver | 6/29/18 | $109,079 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $17,497,836 |
Investment income | $1,451 |
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 | $17,499,287 |
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 | $7,612,743 |
Pension plan accruals and contributions | $443,277 |
Other employee benefits | $681,515 |
Payroll taxes | $726,919 |
Fees for services: Management | $0 |
Fees for services: Legal | $41,747 |
Fees for services: Accounting | $80,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,312,355 |
Advertising and promotion | $0 |
Office expenses | $18,072 |
Information technology | $769,908 |
Royalties | $0 |
Occupancy | $1,907,497 |
Travel | $129,540 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $349,897 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $353,406 |
Insurance | $195,081 |
All other expenses | $0 |
Total functional expenses | $15,533,405 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $6,232,986 |
Savings and temporary cash investments | $776,354 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,077,772 |
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 | $11,552,398 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $40,679 |
Total assets | $21,680,189 |
Accounts payable and accrued expenses | $2,949,361 |
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 | $7,526,691 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $10,476,052 |
Net assets without donor restrictions | $344,563 |
Net assets with donor restrictions | $10,859,574 |
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 | $21,680,189 |
Organization Name | Assets | Revenue |
---|---|---|
Greenhill School Addison, TX | $147,490,301 | $53,613,950 |
St Marks School Of Texas Dallas, TX | $307,638,954 | $39,530,532 |
Tlc Academy San Angelo, TX | $61,295,304 | $42,259,776 |
Episcopal School Of Dallas Inc Dallas, TX | $115,874,541 | $40,283,303 |
John Cooper School The Woodlands, TX | $108,804,128 | $40,380,579 |
Fort Worth Country Day School Inc Fort Worth, TX | $119,263,068 | $39,582,011 |
Faith Family Kids Inc Desoto, TX | $30,662,985 | $39,123,210 |
Isidore Newman School New Orleans, LA | $70,350,338 | $38,233,388 |
Aplus Charter Schools Inc Dallas, TX | $53,044,254 | $32,813,961 |
Trinity Valley School Fort Worth, TX | $129,853,781 | $31,929,734 |
Saint Marys Hall Inc San Antonio, TX | $128,500,252 | $28,063,566 |
Lafayette Charter Foundation Inc Lafayette, LA | $33,304,298 | $27,089,084 |