Morning Star Academy
- Assets
- $21.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 38
- Location
- Bonham, TX
- Founding
- 09/2011
- Data as of
- 06/2022
- EIN
- 45-1593367
Organization Overview
Morning Star Academy is located in Bonham, TX. The organization was established in 2011. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Morning Star Academy employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morning Star 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 06/2022, Morning Star Academy generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. 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
TRANSFORMING TOMORROW BY SHAPING HEARTS, GROWING MINDS AND EMPOWERING CHRIST-LIKE LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MORNING STAR ACADEMY PROVIDES FAITH-BASED EDUCATION AND CHILDCARE SERVICES TO CHILDREN AGES 6 WEEKS THROUGH 8TH GRADE WITH A FULL-TIME DAYCARE AND PRESCHOOL FOR INFANTS AND TODDLERS, BEFORE AND AFTERSCHOOL CARE, SUMMER PROGRAMS AND A FULL-TIME ELEMENTARY SCHOOL THROUGH THE INTEGRATION OF BIBLICAL FAITH AND TRADITIONAL EDUCATION. THE SCHOOL OPENED WITH THE 2013/2014 ACADEMIC YEAR AND ENDED THE YEAR WITH 80 STUDENTS ENROLLED AND HAS INCREASED TO 92 STUDENTS DURING THE 2021/2022 ACADEMIC YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandy Burns Head Of Scho | Officer | 40 | $67,929 |
Linda Cook Secretary/di | OfficerTrustee | 10 | $0 |
Carol Hendrix President/di | OfficerTrustee | 10 | $0 |
James K Stevens Vp/treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,225 |
| Related organizations | $0 |
| Government grants | $201,920 |
| All other contributions, gifts, grants, and similar amounts not included above | $574,329 |
| Noncash contributions included in lines 1a–1f | $306,711 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $781,474 |
| Total Program Service Revenue | $648,313 |
| Investment income | $3,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $159,504 |
| Net Income from Fundraising Events | -$669 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $469 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,593,135 |
| 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. | $97,718 |
| Compensation of current officers, directors, key employees. | $97,718 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $520,324 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,566 |
| Payroll taxes | $47,104 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,973 |
| Fees for services: Accounting | $14,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,923 |
| Fees for services: Other | $479 |
| Advertising and promotion | $1,595 |
| Office expenses | $26,376 |
| Information technology | $40,764 |
| Royalties | $0 |
| Occupancy | $265,457 |
| Travel | $2,222 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,011 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $773,836 |
| Insurance | $4,342 |
| All other expenses | $0 |
| Total functional expenses | $1,922,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,729 |
| Savings and temporary cash investments | $119,734 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $20,376,773 |
| Investments—publicly traded securities | $646,136 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,203,372 |
| Accounts payable and accrued expenses | $6,048 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,048 |
| Net assets without donor restrictions | $21,197,324 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,203,372 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Morning Star Academy has recieved totaling $339,359.
| Awarding Organization | Amount |
|---|---|
Vista Dios Foundation Bonham, TX PURPOSE: SCHOLARSHIP/EDUCATION SUPPORT. | $339,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $159 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Academies Of New Orleans Inc New Orleans, LA | $3,607,282 | $19,811,905 |
Varnett Schools Inc Houston, TX | $25,630,579 | $16,355,176 |
The Emery-Weiner Center For Jewish Education Houston, TX | $36,882,077 | $18,976,630 |
Sandia School Albuquerque, NM | $27,571,490 | $14,904,182 |
French & Montessori Education Inc New Orleans, LA | $8,632,060 | $13,354,447 |
Fort Bend Christian Academy Sugar Land, TX | $31,881,778 | $16,006,683 |
The Lamplighter School Dallas, TX | $61,812,607 | $20,667,782 |
Arise Academy New Orleans, LA | $3,784,290 | $13,860,913 |
Ser Ninos Inc Houston, TX | $64,261,169 | $15,924,628 |
San Antonio Academy Of Texas San Antonio, TX | $49,529,781 | $8,875,317 |
Conservative Jewish Day School Of Dallas Inc Dallas, TX | $20,121,364 | $11,313,522 |
Hope Christian Schools Inc Albuquerque, NM | $37,299,109 | $13,469,173 |