North Houston Catholic High School
- Assets
- $21.8m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 118
- Location
- Spring, TX
- Founding
- 06/2009
- Data as of
- 06/2023
- EIN
- 26-3051354
Organization Overview
North Houston Catholic High School, operating under the name Frassati Catholic High School, is located in Spring, 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 06/2023, Frassati Catholic High School employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frassati Catholic High 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 06/2023, Frassati Catholic High School generated $9.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $6.6m during the year ending 06/2023. While expenses have increased by 3.5% per year over the past 6 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
THROUGH A ROBUST COLLEGE-PREPARATORY CURRICULUM ROOTED IN (CONTINUED ON SCHEDULE O) THE CATHOLIC FAITH, FRASSATI CATHOLIC HIGH SCHOOL PREPARES STUDENTS TO WALK ON THE PATH OF TRUE HAPPINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRASSATI CATHOLIC HIGH SCHOOL IS A COLLEGE PREPARATORY HIGH SCHOOL LOCATED IN THE NORTHERN REGION OF THE ARCHDIOCESE OF GALVESTON-HOUSTON. THE CATHOLIC SEGMENT OF THIS POPULATION CURRENTLY SUPPORTS 12 PARISHES AND 8 CATHOLIC ELEMENTARY SCHOOLS. OVER THE PAST 162 YEARS, THE DOMINICAN SISTERS OF ST. CECILIA CONGREGATION HAVE GIVEN THE FRUITS OF THEIR CONTEMPLATION IN THE APOSTOLATE OF CATHOLIC EDUCATION. IN ADDITION TO FRASSATI CATHOLIC HIGH SCHOOL, THE CONGREGATION IS PRESENT IN 42 SCHOOLS ACROSS 22 DIOCESES, TEACHING CHILDREN AND YOUNG ADULTS, PRE-SCHOOL THROUGH COLLEGE LEVEL, IN BOTH SUBURBAN AND INNER-CITY SCHOOLS, PRIVATE AND DIOCESAN, DOMESTIC ANDINTERNATIONAL. FISCAL YEAR 2023 ENROLLMENT IS 316 STUDENTS. FRASSATI CATHOLIC IS PROUD OF THE DIVERSITY OF ITS (CONTINUED ON SCHEDULE O) STUDENTS, BOTH SOCIOECONOMICALLY AND CULTURALLY. APPROXIMATELY 25 PERCENT OF THE STUDENT BODY RECEIVES NEED-BASED TUITION ASSISTANCE. U.S. ETHNIC MINORITIES COMPRISE 45 PERCENT OF THE SCHOOL POPULATION, INCLUDING 3 PERCENT BLACK/AFRICAN AMERICAN, 30 PERCENT HISPANIC, AND 7 PERCENT ASIAN-AMERICAN. SIXTY-ONE PERCENT OF FACULTY HAVE EARNED AN ADVANCED DEGREE. ELEVEN PERCENT OF FACULTY HAVE EARNED A DOCTORAL DEGREE. STUDENTS ARE REQUIRED TO CARRY A MINIMUM OF 7 COURSES WITHIN AN 8 COURSE SCHEDULE. BLOCK SCHEDULING IS USED. AVERAGE CLASS SIZE IS 22; STUDENT-TO-TEACHER RATIO IS 11:1. ALL ACADEMIC CLASSES ARE CONSIDERED RIGOROUS COLLEGE-PREPARATORY COURSES. FRASSATI CATHOLIC ALSO OFFERS ADVANCED PLACEMENT AND HONORS CLASSES, AS WELL AS CLASSES THROUGH APPROVED ONLINE PROGRAMS. ACCEPTANCE IS BASED ON A COMBINATION OF PREVIOUS SCHOOL PERFORMANCE, ENTRANCE EXAMINATION SCORES, INTERVIEW, AND PERSONAL CHARACTERISTICS AND QUALITIES OF THE APPLICANT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bridget Edwards Secretary | OfficerTrustee | 5 | $0 |
Mark Pond Vice President | OfficerTrustee | 5 | $0 |
Matthew Regitz President | OfficerTrustee | 5 | $0 |
Ricardo Pena Jr Treasurer | OfficerTrustee | 5 | $3,750 |
Brett Lester Director | Trustee | 4 | $0 |
Matt Frazier Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $265,620 |
| Related organizations | $0 |
| Government grants | $609,914 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,437,393 |
| Noncash contributions included in lines 1a–1f | $114,342 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,312,927 |
| Total Program Service Revenue | $5,208,777 |
| Investment income | $51,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,743,655 |
| Net Income from Fundraising Events | -$36,734 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,505 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,288,145 |
| 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. | $73,502 |
| Compensation of current officers, directors, key employees. | $14,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,754,606 |
| Pension plan accruals and contributions | $59,865 |
| Other employee benefits | $349,175 |
| Payroll taxes | $208,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,817 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,678 |
| Advertising and promotion | $0 |
| Office expenses | $157,750 |
| Information technology | $122,372 |
| Royalties | $0 |
| Occupancy | $519,415 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $544,054 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $738,905 |
| Insurance | $0 |
| All other expenses | $94,245 |
| Total functional expenses | $6,550,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,187,327 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $722,836 |
| 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 | $818 |
| Prepaid expenses and deferred charges | $22,460 |
| Net Land, buildings, and equipment | $15,768,483 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,770 |
| Total assets | $21,753,694 |
| Accounts payable and accrued expenses | $174,350 |
| Grants payable | $0 |
| Deferred revenue | $1,403,509 |
| 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 | $8,637,283 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,724 |
| Total liabilities | $10,270,866 |
| Net assets without donor restrictions | $10,012,553 |
| Net assets with donor restrictions | $1,470,275 |
| 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 | $21,753,694 |