Academy Of Accelerated Learning Inc
- Assets
- $10.1m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 87
- Location
- Houston, TX
- Founding
- 02/1998
- Data as of
- 08/2021
- EIN
- 31-1583056
Organization Overview
Academy Of Accelerated Learning Inc is located in Houston, TX. The organization was established in 1998. 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 08/2021, Academy Of Accelerated Learning Inc employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of Accelerated Learning 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 08/2021, Academy Of Accelerated Learning Inc generated $9.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $8.3m during the year ending 08/2021. While expenses have increased by 4.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION WAS ORGANIZED TO PROVIDE EDUCATIONAL SERVICES TO AT-RISK STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doris Robins Superintendent | 40 | $168,055 | |
Percy Creuzot President | OfficerTrustee | 3 | $0 |
Isaac Ledesma Secretary | OfficerTrustee | 3 | $0 |
James Douglas Vice-President | OfficerTrustee | 3 | $0 |
Tommy Brooks Member | Trustee | 3 | $0 |
Veda Brown Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Revolution Foods Inc Food Services | 8/30/21 | $683,256 |
Nutek Enterprises Inc Facility Rental | 8/30/21 | $559,299 |
Chimney Rock Properties Inc Facilty Rental | 8/30/21 | $332,400 |
2ml Braeswood Facility Rental | 8/30/21 | $131,098 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,722,450 |
| 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 | $9,722,450 |
| Total Program Service Revenue | $49,009 |
| Investment income | $258 |
| 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 | $9,771,717 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,281,767 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $701,872 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,831 |
| Fees for services: Accounting | $33,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $337,619 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,068,525 |
| Travel | $25,043 |
| 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 | $114,229 |
| Insurance | $38,526 |
| All other expenses | $145,822 |
| Total functional expenses | $8,263,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,015,270 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $472,165 |
| Accounts receivable, net | $1,055 |
| 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 | $11,661 |
| Net Land, buildings, and equipment | $566,147 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,701 |
| Total assets | $10,127,999 |
| Accounts payable and accrued expenses | $250,925 |
| Grants payable | $0 |
| Deferred revenue | $155,277 |
| 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 | $358,142 |
| Total liabilities | $764,344 |
| Net assets without donor restrictions | $1,606,974 |
| Net assets with donor restrictions | $7,756,681 |
| 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 | $10,127,999 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Academy Of Accelerated Learning Inc has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Carleton Speed Family Foundation Inc Houston, TX PURPOSE: ASSISTANCE FOR EDUCATION OUTREACH FOR DISADVANTAGED YOUTHS | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Leadership Prep School Frisco, TX | $24,409,285 | $12,471,078 |
Arkansas Public School Resource Center Inc Little Rock, AR | $6,340,415 | $12,760,504 |
Mission Interests Committee Harrison, AR | $10,271,501 | $13,233,204 |
Texas Tribune Inc Austin, TX | $12,456,170 | $12,467,958 |