Midland Academy Charter School Inc
- Assets
- $6.3m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 73
- Location
- Midland, TX
- Founding
- 09/1999
- Data as of
- 08/2023
- EIN
- 31-1614310
Organization Overview
Midland Academy Charter School Inc is located in Midland, TX. The organization was established in 1999. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 08/2023, Midland Academy Charter School Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midland Academy Charter School 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 08/2023, Midland Academy Charter School Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $3.9m during the year ending 08/2023. While expenses have increased by 1.1% 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
THE SCHOOL IS OPERATED AS A SINGLE CHARTER SCHOOL FOR PRE-KINDERGARTEN THROUGH GRADE EIGHT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION, INSTRUCTION, CURRICULUM DEVELOPMENT AND INSTRUCTIONAL STAFF DEVELOPMENT. CURRICULUM AND PROGRAMS OF MIDLAND ACADEMY CHARTER SCHOOL INCLUDE, BUT ARE NOT LIMITD TO, STRUCTURED PHYSICAL ACTIVITIES, SPECIAL PROGRAMS (SPECIAL EDUCATION, SECTION 504, ENGLISH AS A SECOND LANGUAGE, GIFTED AND TALENTED STUDENTS AND ACCELERATED OR INTENSIVE INSTRUCTION / STUDENTS AT RISK) FOR CHILDREN WITH SPECIFIC NEEDS.
SCHOOL LEADERSHIP ACTIVITIES ARE ENCOURAGED TO GET THE STUDENTS INVOLVED IN ACTIVITIES THAT WILL PROMOTE & BUILD THEIR LEADERSHIP SKILLS. GUIDANCE COUNSELING IS PROVIDED TO ALL STUDENTS. ACADEMIC ACHIEVEMENT IS CLOSELY MONITORED BY TEACHERS AND THE PRINCIPAL. STUDENTS ARE ADVISED IF IT IS DETERMINED THAT ADDITIONAL ASSISTANCE MIGHT BE REQUIRED TO FULLY ACCOMPLISH LEARNING PLAN GOALS.
HEALTH SERVICE AND FOOD SERVICES- ALONG WITH HEALTH AND WELLNESS EDUCATION, THE CHILD NUTRIONAL PROGRAM WILL ENSURE THAT ALL STUDENTS HAVE AFFORDABLE ACCESS TO THE VARIED AND NUTRIONTIAL FOODS THEY NEED TO STAY HEALTHY AND LEARN WELL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Coker Superintendent | Officer | 40 | $117,323 |
Chris Deanda President | OfficerTrustee | 2 | $0 |
Jesse Menix Member | Trustee | 2 | $0 |
Beverly Drummond Vice President | OfficerTrustee | 2 | $0 |
Leslie Tomlin Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,784,581 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,602 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,815,183 |
| Total Program Service Revenue | $0 |
| Investment income | $11,930 |
| 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 | $3,887,166 |
| 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. | $2,470,624 |
| Compensation of current officers, directors, key employees. | $123,080 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,871 |
| Pension plan accruals and contributions | $115,668 |
| Other employee benefits | $152,325 |
| Payroll taxes | $38,352 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,906 |
| Fees for services: Accounting | $28,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,437 |
| Travel | $12,370 |
| 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 | $105,184 |
| Insurance | $83,383 |
| All other expenses | $57,612 |
| Total functional expenses | $3,893,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,739,331 |
| Savings and temporary cash investments | $805,858 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $391,949 |
| 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 | $1,382,688 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,319,826 |
| Accounts payable and accrued expenses | $253,881 |
| Grants payable | $0 |
| Deferred revenue | $504,655 |
| 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 | $758,536 |
| Net assets without donor restrictions | $77,266 |
| Net assets with donor restrictions | $5,484,024 |
| 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 | $6,319,826 |