Itec Preparatory Academy Inc
- Assets
- $237.6k
- Revenue
- $636.8k
- Investments
- $0.0
- Employees
- 33
- Location
- El Paso, TX
- Founding
- Data as of
- 12/2017
- EIN
- 45-2304676
Organization Overview
Itec Preparatory Academy Inc is located in El Paso, TX. As of 12/2017, Itec Preparatory Academy Inc employed 33 individuals. Itec Preparatory Academy 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 12/2017, Itec Preparatory Academy Inc generated $636.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (24.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION AND TRAINING OF INDIVIDUALS. TO IMPROVE AND DEVELOP THEIR EDUCATIONAL CAPABILITIES THROUGH SECONDARY SCHOOLS MIDDLE AND HIGH SCHOOLS, TRADE SCHOOLS, COLLEGES
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION IN THE EL PASO REGION OPEN TO THE GENERAL PUBLIC FOR GRADES 9, 10, 11 AND 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irma Duron Director | Trustee | 40 | $50,000 |
Linda Foster Smith Director | Trustee | 1 | $0 |
Antonio Jimenez Farias Director | Trustee | 1 | $0 |
Roberto Javier Martinez Rocha Treasurer | OfficerTrustee | 1 | $0 |
Francisco S Uranga Chairman Of The Board | OfficerTrustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $636,768 |
| Investment income | $0 |
| 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 | $636,768 |
| 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 | $555,057 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $42,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $750 |
| Fees for services: Accounting | $4,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,862 |
| Office expenses | $5,351 |
| Information technology | $4,302 |
| Royalties | $0 |
| Occupancy | $205,265 |
| Travel | $6,506 |
| 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 | $18,151 |
| Insurance | $2,795 |
| All other expenses | $83,121 |
| Total functional expenses | $1,069,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,971 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,122 |
| 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 | $120,462 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $237,555 |
| Accounts payable and accrued expenses | $5,811 |
| 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 | $126,537 |
| Total liabilities | $132,348 |
| Unrestricted restricted net Assets | $105,207 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $105,207 |