Texas Academy 4
- Assets
- $235.8k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 50
- Location
- Fort Worth, TX
- Founding
- 06/2014
- Data as of
- 06/2022
- EIN
- 46-0762992
Organization Overview
Texas Academy 4 is located in Fort Worth, TX. The organization was established in 2014. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2022, Texas Academy 4 employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Academy 4 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, Texas Academy 4 generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 36.4% each year . All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 35.1% per year over the past 3 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
TO CONNECT CHURCHES TO SCHOOLS AND COMMUNITIES THROUGH MENTORING 4TH GRADERS IN LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STAFF OF TEXAS ACADEMY 4 PROVIDES PROGRAM SERVICES ON EACHSCHOOL CAMPUS DURING THE SCHOOL DAY MONTHLY. 1,800 FOURTH-GRADESTUDENTS WERE SERVED AS WERE ANOTHER 700 5TH AND 1ST GRADERS THROUGHTHE ORGANIZATION'S LEADERS 5 PROGRAM, WHERE 5TH GRADERS MENTOR AND READ WITH 1ST GRADERS. OVERALL, 2,200 STUDENTS WERE SERVED IN THE PROGRAM. THE 4TH GRADE PROGRAM DOUBLED IN SIZE OVER THE LAST TWO SCHOOL YEARS. LONG TERM, THE ORGANIZATION HAS PLANS TO CONTINUE ITS EXPANSION INTO URBAN SCHOOLS IN DALLAS AND FORT WORTH AND SURROUNDING AREAS, AUSTIN, AND BEYOND. TEXAS ACADEMY 4 RECEIVES DONATED SERVICES, MATERIALS, AND FACILITIES WHICH ARE SIGNIFICANT TO THE OPERATION OF THIS PROGRAM SERVICE. ALL ACCOUNTING IS PROVIDED WITHOUT4FAMILIES IS A TOOL FOR ACADEMY 4 CHURCH PARTNERS TO ENCOURAGE AND BUILD COMMUNITY AMONG FAMILIES IN LOCAL SCHOOLS, PARTICULARLY THE UNDER-RESOURCED. WE OFFER WORKSHOPS THAT START WITH PARENTING AND EXPAND TO OTHER TOPICS SUCH AS FINANCIAL LITERACY, LEADERSHIP, ENGLISH AS A SECOND LANGUAGE, AND OTHER TOPICS TARGETED TO THE SPECIFIC COMMUNITY'S NEEDS.THROUGH ITS FULL CIRCLE SCHOLARS PROGRAM, ACADEMY 4 AWARDED 5 SCHOLARSHIPS TO STUDENTS WHO WERE 4TH GRADERS IN THE PROGRAM AND CAME BACK TO SERVE AS HIGH SCHOOL STUDENTS AND WENT THROUGH THE APPLICATION PROCESS TO RECEIVE A SCHOLORSHIP.
4FAMILIES IS A TOOL FOR ACADEMY 4 CHURCH PARTNERS TO ENCOURAGE AND BUILD COMMUNITY AMONG FAMILIES IN LOCAL SCHOOLS, PARTICULARLY THE UNDER-RESOURCED. WE OFFER WORKSHOPS THAT START WITH PARENTING AND EXPAND TO OTHER TOPICS SUCH AS FINANCIAL LITERACY, LEADERSHIP, ENGLISH AS A SECOND LANGUAGE, AND OTHER TOPICS TARGETED TO THE SPECIFIC COMMUNITY'S NEEDS.
THROUGH ITS FULL CIRCLE SCHOLARS PROGRAM, ACADEMY 4 AWARDED 5 SCHOLARSHIPS TO STUDENTS WHO WERE 4TH GRADERS IN THE PROGRAM, CAME BACK TO SERVE AS HIGH SCHOOL STUDENTS, AND WENT THROUGH THE APPLICATION PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Shearer Executive Director | OfficerTrustee | 40 | $150,217 |
Darrell Bevelhymer Chairman | OfficerTrustee | 2 | $0 |
Win Ryan Treasurer/secretary | OfficerTrustee | 2 | $0 |
Graham Marshall Director | Trustee | 2 | $0 |
Maria Manks Director | Trustee | 2 | $0 |
Marta Plata Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $313,238 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,496,793 |
| Noncash contributions included in lines 1a–1f | $1,089 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,810,031 |
| Total Program Service Revenue | $0 |
| Investment income | $1,826 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7 |
| Net Income from Fundraising Events | -$30,438 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,784,369 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $157,111 |
| Compensation of current officers, directors, key employees. | $39,278 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $994,772 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,414 |
| Payroll taxes | $112,976 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $110,293 |
| Advertising and promotion | $16,254 |
| Office expenses | $116,952 |
| Information technology | $69,583 |
| Royalties | $0 |
| Occupancy | $70,825 |
| Travel | $8,853 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,559 |
| Interest | $1,382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,332 |
| Insurance | $9,763 |
| All other expenses | $140,201 |
| Total functional expenses | $1,842,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,760 |
| Savings and temporary cash investments | $204,536 |
| 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 | $50 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $26,039 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $443 |
| Total assets | $235,828 |
| Accounts payable and accrued expenses | $33,218 |
| 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 | $33,218 |
| Net assets without donor restrictions | -$1,926 |
| Net assets with donor restrictions | $204,536 |
| 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 | $235,828 |