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 06/2022, Richard Milburn Academy Texas Inc employed 265 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 06/2022, Richard Milburn Academy Texas Inc generated $20.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $17.7m during the year ending 06/2022. While expenses have increased by 0.1% per year over the past 7 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
EMPOWERING STUDENTS TO GRADUATE, PREPARED TO EXCEED ALL EXPECTATIONS.
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 | $159,637 |
Carl Tanton Executive Di | 40 | $117,833 | |
Tammy Padilla Financial Of | 40 | $113,747 | |
Mr Robert Clemons President | Trustee | $0 | |
Mr Donald Nemec Vice Preside | Trustee | $0 | |
Mrs Mirza Mirely Pearson Secretary | 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 | $20,256,443 |
Investment income | $2,819 |
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 | $20,259,262 |
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. | $159,637 |
Compensation of current officers, directors, key employees. | $159,637 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $9,140,563 |
Pension plan accruals and contributions | $532,317 |
Other employee benefits | $681,034 |
Payroll taxes | $747,538 |
Fees for services: Management | $0 |
Fees for services: Legal | $12,619 |
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 | $1,331,457 |
Advertising and promotion | $0 |
Office expenses | $15,501 |
Information technology | $1,273,629 |
Royalties | $0 |
Occupancy | $1,847,337 |
Travel | $218,428 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $285,621 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $391,807 |
Insurance | $201,258 |
All other expenses | $0 |
Total functional expenses | $17,715,186 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $6,108,954 |
Savings and temporary cash investments | $760,169 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,974,679 |
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 | $11,490,992 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,470,587 |
Total assets | $23,805,381 |
Accounts payable and accrued expenses | $1,297,222 |
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 | $7,424,950 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,334,996 |
Total liabilities | $10,057,168 |
Net assets without donor restrictions | $889,938 |
Net assets with donor restrictions | $12,858,275 |
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 | $23,805,381 |