Kor Education School
- Assets
- $2.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 61
- Location
- College Station, TX
- Founding
- 09/2006
- Data as of
- 07/2023
- EIN
- 20-1183373
Organization Overview
Kor Education School is located in College Station, TX. The organization was established in 2006. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2023, Kor Education School employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kor Education School 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 07/2023, Kor Education School generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $976.5k during the year ending 07/2023. While expenses have increased by 5.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP THE ACADEMIC, PHYSICAL, AND SOCIAL POTENTIAL OF THE STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADES AND TO ASSIST PARENTS IN HELPING TO EDUCATE THEIR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP THE ACADEMIC, PHYSICAL, AND SOCIAL POTENTIAL OF THE STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADES AND TO ASSIST PARENTS IN HELPING TO EDUCATE THEIR CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gena Richter School Director | Trustee | 60 | $53,853 |
Matthias Richter Director | Trustee | 15 | $0 |
Dana Muller Director | Trustee | 1 | $0 |
Derek Walton President | Officer | 1 | $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 | $5,912 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,912 |
| Total Program Service Revenue | $1,258,549 |
| Investment income | $1,893 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,938 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,279,292 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $53,853 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $641,462 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $55,024 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,730 |
| Fees for services: Accounting | $12,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,012 |
| Office expenses | $4,706 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,996 |
| 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 | $42,207 |
| Insurance | $26,425 |
| All other expenses | $18,123 |
| Total functional expenses | $976,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,294,620 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,219 |
| 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 | $1,302,502 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,668,341 |
| Accounts payable and accrued expenses | $62 |
| 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 | $62 |
| Net assets without donor restrictions | $2,668,279 |
| 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 | $2,668,341 |