Mount Carmel Academy
- Assets
- $1.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 35
- Location
- Houston, TX
- Founding
- 07/2009
- Data as of
- 06/2021
- EIN
- 26-2759503
Organization Overview
Mount Carmel Academy is located in Houston, TX. The organization was established in 2009. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Mount Carmel Academy employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Carmel Academy 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, Mount Carmel Academy generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.2%) 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
ACT AS A CONTRACT-CHARTER HIGH SCHOOL, TO PROVIDE A QUALITY COLLEGE-PREP HIGH SCHOOL EDUCATION FOR STUDENTS FROM SOUTHEAST HOUSTON METRO AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HIGH SCHOOL EDUCATION FOR 340 STUDENTS. SUCCESSFULLY PASS TAKS TEST GRADUATE 100% OF STUDENTS.
PROVIDE HIGH SCHOOL EDUCATION FOR 340 STUDENTS. SUCCESSFULLY PASS TAKS TEST GRADUATE 100% OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Giacchino Business Man | OfficerTrustee | $0 | |
Maureen Giacchino Principal | OfficerTrustee | 50 | $0 |
Lisa Moscarelli Board Member | Trustee | $0 | |
Nicole Wolpmann Board Member | Trustee | $0 | |
Dawane Baumann Board Member | Trustee | $0 | |
Joe Moon Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,977 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,164,623 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $1,430,013 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $168,423 |
| Payroll taxes | $0 |
| 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 | $8,729 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $180,971 |
| 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 | $6,259 |
| Insurance | $21,906 |
| All other expenses | $0 |
| Total functional expenses | $1,995,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,205,366 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,588 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,248,698 |
| Accounts payable and accrued expenses | $41,925 |
| Grants payable | $0 |
| Deferred revenue | $593,335 |
| 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 | $635,260 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $613,438 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mount Carmel Academy has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
The David And Willa Grace Wynne Foundation Houston, TX PURPOSE: HELP ORGANIZATION FULFILL PURPOSE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Santa Fe Preparatory School Santa Fe, NM | $79,113,849 | $36,111,805 |
Thaden School Bentonville, AR | $79,028,915 | $15,891,102 |
Academics Plus Charter Schools Inc Maumelle, AR | $7,409,476 | $15,799,644 |
Marine Military Academy Inc Harlingen, TX | $47,303,872 | $14,319,783 |
South Texas Educational Technologies Inc Weslaco, TX | $17,267,724 | $15,758,985 |
Akibayavneh Academy Dallas, TX | $13,685,007 | $15,057,848 |
Navajo Preparatory School Inc Farmington, NM | $37,567,327 | $9,309,197 |
Student Alternatives Program Incorporated San Antonio, TX | $19,593,024 | $15,118,019 |
Braination Inc San Antonio, TX | $31,349,196 | $17,109,722 |
Bosque School Albuquerque, NM | $33,698,643 | $13,258,557 |
The Academy Fayetteville, AR | $10,084,024 | $11,745,768 |
Winfree Academy Charter School Carrollton, TX | $12,943,663 | $11,352,122 |