Basis Texas Charter Schools Inc
- Assets
- $202.5m
- Revenue
- $37.6m
- Investments
- $4.1m
- Employees
- 2
- Location
- San Antonio, TX
- Founding
- 04/2012
- Data as of
- 06/2022
- EIN
- 45-4269957
Organization Overview
Basis Texas Charter Schools Inc is located in San Antonio, TX. The organization was established in 2012. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Basis Texas Charter Schools Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Basis Texas Charter Schools 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 06/2022, Basis Texas Charter Schools Inc generated $37.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $38.1m during the year ending 06/2022. While expenses have increased by 20.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF BASIS TEXAS CHARTER SCHOOLS IS TO EMPOWER STUDENTS TO ACHIEVE AT GLOBALLY COMPETITIVE LEVELS WITH A TRANSFORMATIVE K-12 ACADEMIC PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2021/2022 SCHOOL YEAR, BASIS TEXAS CHARTER SCHOOLS (BTCS) SERVED SIX CAMPUSES WITH A TOTAL ENROLLMENT OF 3,421. THE CAMPUSES CONSISTED OF TWO PRIMARY CAMPUSES SERVING KINDERGARTEN TO 5TH GRADE (BASIS SAN ANTONIO MEDICAL CENTER AND BASIS SAN ANTONIO NORTH CENTRAL LOCATIONS), ONE PRIMARY CAMPUS SERVING KINDERGARTEN TO 2ND GRADE (AUSTIN PRIMARY LOCATION), TWO COMBINED CAMPUSES SERVING KINDERGARTEN THROUGH 7TH GRADE (BASIS SAN ANTONIO NORTHEAST LOCATION), AND ONE HIGH SCHOOL CAMPUS SERVING GRADES 6 THROUGH 12 (BASIS SAN ANTONIO SHAVANO LOCATION). BTCS UTILIZES THE BASIS.ED COMPREHENSIVE LIBERAL ARTS CURRICULUM PROGRAM WHICH IS DESIGNED FOR GRADES K, 1-4, 5-7, AND 8-12. A DEMOGRAPHICALLY DIVERSE POPULATION IS SERVED, WITH THE HIGHEST RACE/ETHNICITY GROUP BEING HISPANIC. OTHER CATEGORIES SERVED ARE ECONOMICALLY DISADVANTAGED, ENGLISH LANGUAGE LEARNERS, AND SPECIAL EDUCATION. DURING 2022 BASIS TEXAS CHARTER SCHOOLS WAS RANKED THE 1 SCHOOL DISTRICT IN TEXAS BY THE TEXAS EDUCATION AGENCY (TEA). BASIS TEXAS ALSO RECEIVED NATIONAL RECOGNITION DURING 2022 BY THE U.S. NEWS AND WORLD REPORT IN FIVE AREAS WHICH INCLUDED BASIS SAN ANTONIO - SHAVANO CAMPUS RANKING 1 IN THE SAN ANTONIO, TX METRO AREA HIGH SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Freeman Executive Di | Officer | 40 | $115,858 |
Andrea Perez Superintende | Officer | 40 | $83,536 |
Ed Allred Secretary | OfficerTrustee | 1 | $0 |
Dr Craig Barrett Chairman/pre | OfficerTrustee | 2 | $0 |
Dr Joelle Choucair Board Member | Trustee | 1 | $0 |
Dr William Harris Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Basis Educational Group Basised | 6/29/22 | $21,008,513 |
Basis Educational Group Basised | 6/29/22 | $4,714,932 |
Grace Hebert Curtis Architects Architecture | 6/29/22 | $2,397,228 |
Novel Builders Llc | 6/29/22 | $1,765,900 |
Joeris General Contractors Ltd | 6/29/22 | $1,563,478 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,816,055 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,345,141 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,161,196 |
| Total Program Service Revenue | $30,320,589 |
| Investment income | $33,020 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,900 |
| 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 | $37,557,705 |
| 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. | $218,667 |
| Compensation of current officers, directors, key employees. | $218,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,054,874 |
| Pension plan accruals and contributions | $471,066 |
| Other employee benefits | $1,930,084 |
| Payroll taxes | $1,453,792 |
| Fees for services: Management | $4,714,932 |
| Fees for services: Legal | $32,455 |
| Fees for services: Accounting | $23,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,364,233 |
| Advertising and promotion | $670,277 |
| Office expenses | $94,398 |
| Information technology | $196,998 |
| Royalties | $0 |
| Occupancy | $1,449,833 |
| Travel | $55,947 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,751,589 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,868,323 |
| Insurance | $222,109 |
| All other expenses | $0 |
| Total functional expenses | $38,123,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,945,345 |
| Savings and temporary cash investments | $55,755,493 |
| Pledges and grants receivable | $7,040,725 |
| Accounts receivable, net | $72,183 |
| 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 | $1,116,414 |
| Net Land, buildings, and equipment | $65,222,985 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,075,735 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,305,281 |
| Total assets | $202,534,161 |
| Accounts payable and accrued expenses | $9,973,051 |
| Grants payable | $0 |
| Deferred revenue | $88,620 |
| Tax-exempt bond liabilities | $118,004,839 |
| 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 | $400,000 |
| Other liabilities | $64,681,837 |
| Total liabilities | $193,148,347 |
| Net assets without donor restrictions | $2,853,696 |
| Net assets with donor restrictions | $6,532,118 |
| 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 | $202,534,161 |