Promesa Public Schools
- Assets
- $5.6m
- Revenue
- $12.8m
- Investments
- $0.0
- Employees
- 142
- Location
- Austin, TX
- Founding
- 02/2008
- Data as of
- 06/2021
- EIN
- 26-1609474
Organization Overview
Promesa Public Schools, operating under the name East Austin College Prep In Austin, is located in Austin, TX. The organization was established in 2008. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, East Austin College Prep In Austin employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Austin College Prep In Austin 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, East Austin College Prep In Austin generated $12.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $10.7m during the year ending 06/2021. 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
THE VISION OF VALERE PUBLIC SCHOOLS IS TO SERVE AS A MODEL SCHOOL THAT SUCCESSFULLY PREPARES ALL STUDENTS, REGARDLESS OF ECONOMIC BACKGROUND, FOR A RIGOROUS HIGH SCHOOL CURRICULUM, GRADUATION, AND ULTIMATELY SUCCESS IN COLLEGE AND CAREER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALERE PUBLIC SCHOOLS [VALERE] BELIEVES THAT EVERYONE DESERVES ACCESS TO QUALITY EDUCATION. STUDIES SHOW THAT WHERE A CHILD LIVES DIRECTLY IMPACTS THEIR CHANCES OF ATTENDING COLLEGE AND PURSUING OPPORTUNITIES TO EARN A LIVING WAGE, WHICH IS WHY VALERE OPERATES FREE, COLLEGE PREPARATORY SCHOOLS FOR PRE-K TO 12TH GRADERS THAT ARE ACCESSIBLE TO THE ENTIRE COMMUNITY WITH FREE TRANSPORTATION AND FREE AFTER-SCHOOL CARE. VALERE OFFERS FREE TUTORING AND ITS TEACHERS HAVE EXTENDED HOURS TO ENSURE IT IS PROVIDING STUDENTS WITH PERSONALIZED OPPORTUNITIES TO EXCEL IN LEARNING. VALERE OPERATES IN SEVERAL COMMUNITIES INCLUDING CORPUS CHRISTI, BROWNSVILLE, AND AUSTIN, TX. THE NUMBER OF STUDENTS SERVED: 1,052
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Salvador Cavazos Superintendent | Officer | 40 | $234,332 |
Cynthia A Davila Chair [from 04/2021] | Trustee | 1 | $0 |
Marcelo Tafoya Chair [thru 03/2021] | Trustee | 1 | $0 |
George Cantu Secretary | Trustee | 1 | $0 |
Cristella Garcia Treasurer | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southwest Key Programs Inc Rent | 6/29/19 | $730,011 |
Preferred Meal Systems Food Service | 6/29/19 | $480,585 |
Star Shuttle Bus Transportation | 6/29/19 | $291,078 |
Chacbak Llc Rent | 6/29/19 | $135,203 |
Durham School Service Bus Transportation | 6/29/19 | $287,792 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,734,022 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,290 |
| Noncash contributions included in lines 1a–1f | $46,887 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,774,312 |
| Total Program Service Revenue | $9,995,307 |
| 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 | -$10,830 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,758,789 |
| 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. | $300,213 |
| Compensation of current officers, directors, key employees. | $60,042 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,901,888 |
| Pension plan accruals and contributions | $294,743 |
| Other employee benefits | $364,977 |
| Payroll taxes | $78,042 |
| 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 | $284,091 |
| Advertising and promotion | $0 |
| Office expenses | $261,786 |
| Information technology | $287,582 |
| Royalties | $0 |
| Occupancy | $1,779,636 |
| Travel | $74,320 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,186 |
| Insurance | $282,633 |
| All other expenses | $0 |
| Total functional expenses | $10,718,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,243,264 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,996,175 |
| 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 | $11,894 |
| Prepaid expenses and deferred charges | $147,992 |
| Net Land, buildings, and equipment | $187,965 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,587,290 |
| Accounts payable and accrued expenses | $664,970 |
| 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 | $664,970 |
| Net assets without donor restrictions | $2,665,148 |
| Net assets with donor restrictions | $2,257,172 |
| 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 | $5,587,290 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Promesa Public Schools has recieved totaling $28,030.
| Awarding Organization | Amount |
|---|---|
Musk Foundation Austin, TX PURPOSE: SUPPORT SCHOOL OPERATIONS AND PROGRAMS | $28,030 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Austin Achieve Public Schools Inc Austin, TX | $59,873,760 | $31,154,261 |
National Math And Science Initiative Inc Dallas, TX | $26,216,573 | $26,013,416 |
Wayside Schools Austin, TX | $44,220,999 | $24,827,897 |
Arkansas Connections Academy Inc Bentonville, AR | $3,114,083 | $20,599,824 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
Austin Trinity School Austin, TX | $48,197,793 | $16,908,197 |
Arlington Classics Academy Arlington, TX | $32,317,939 | $15,087,121 |
Northlake Christian School Covington, LA | $15,559,549 | $15,961,975 |
Texas Coalition For Animal Protection Fort Worth, TX | $9,140,859 | $14,917,183 |
Covenant Knights School Dallas, TX | $65,440,145 | $15,652,987 |
Compass Academy Charter School Inc Odessa, TX | $45,382,353 | $13,322,993 |
Oklahoma Connections Academy Inc Bartlesville, OK | $2,156,539 | $12,078,246 |