Southeast Educational Foundation
- Assets
- $4.1m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 98
- Location
- Beaumont, TX
- Founding
- 05/2007
- Data as of
- 06/2022
- EIN
- 37-1527090
Organization Overview
Southeast Educational Foundation is located in Beaumont, TX. The organization was established in 2007. 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 06/2022, Southeast Educational Foundation employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeast Educational Foundation 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 06/2022, Southeast Educational Foundation generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NON-PROFIT, NON-DENOMINATIONAL CHRISTIAN SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR CHILDREN THROUGH 12TH GRADE IN A CHRISTIAN ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessie Thomas School Director | Trustee | 40 | $47,221 |
Monica Mason Treasurer | OfficerTrustee | 0.25 | $0 |
Tatanya Mainwaring Secretary | OfficerTrustee | 0.25 | $0 |
Chris Leavins Vice-Chair | OfficerTrustee | 0.25 | $0 |
Rick White Chairman | OfficerTrustee | 0.25 | $0 |
Collin Garrett Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $407,097 |
| Noncash contributions included in lines 1a–1f | $6,033 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $407,097 |
| Total Program Service Revenue | $2,735,395 |
| Investment income | $3,288 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $112,933 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,284,531 |
| 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. | $47,221 |
| Compensation of current officers, directors, key employees. | $47,221 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,965,830 |
| Pension plan accruals and contributions | $50,557 |
| Other employee benefits | $114,015 |
| Payroll taxes | $144,050 |
| 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 | $0 |
| Advertising and promotion | $1,824 |
| Office expenses | $270,153 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,210 |
| Travel | $8,988 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,638 |
| Interest | $75,792 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $319,845 |
| Insurance | $146,203 |
| All other expenses | $10,971 |
| Total functional expenses | $3,605,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,397,023 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,326 |
| 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 | $257,131 |
| Net Land, buildings, and equipment | $2,414,744 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,123,224 |
| Accounts payable and accrued expenses | $79,766 |
| Grants payable | $0 |
| Deferred revenue | $437,088 |
| 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 | $1,322,322 |
| Other liabilities | $240,566 |
| Total liabilities | $2,079,742 |
| Net assets without donor restrictions | $1,994,065 |
| Net assets with donor restrictions | $49,417 |
| 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 | $4,123,224 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Southeast Educational Foundation has recieved totaling $52,869.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $52,532 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $337 |
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 |