Texas Academy 4
- Assets
- $282.5k
- Revenue
- $1.6m
- Investments
- $972.0
- Employees
- 40
- Location
- Fort Worth, TX
- Founding
- 06/2014
- Data as of
- 06/2021
- 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 06/2021, Texas Academy 4 employed 40 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 06/2021, Texas Academy 4 generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 56.7% each year . All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 64.8% per year over the past 6 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
2021
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
STAFF OF TEXAS ACADEMY 4 PROVIDE THE PROGRAM SERVICES ON EACH SCHOOL CAMPUS, DURING THE SCHOOL DAY ON A MONTHLY BASIS. 1,016 FOURTH GRADE STUDENTS WERE SERVED AS WERE ANOTHER 580 FIFTH GRADERS THROUGH THE ORGANIZATION'S LEADERS 5 PROGRAM THAT REINFORCES WHAT WAS LEARNED IN THE 4TH GRADE YEAR. OVERALL, 1,596 STUDENTS WERE SERVED. PROGRAM ACTIVITIES WERE REDIRECTED, DUE TO THE PANDEMIC. WE REDESIGNED THE WHOLE PROGRAM TO BE SAFELY DELIVERED VIA ZOOM FOR THE 2020-21 SCHOOL YEAR. IN 2020, THE ORGANIZATION MOVED AHEAD WITH EXPANSION PLANS ADDING THREE SCHOOLS. IN 2021, WE IDENTIFIED TEN NEW SCHOOLS FOR EXPANSION IN THE 2021-22 SCHOOL YEAR. LONG TERM, THE ORGANIZATION HAS PLANS TO CONTINUE ITS EXPANSION INTO ADDITIONAL 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 AND BOOKKEEPING IS PROVIDED WITHOUT CHARGE TOTALING AT LEAST $10,000 TO $15,000 IN DONATED SERVICES EACH YEAR. ADDITIONALLY, A CHURCH PROVIDES A BUILDING AND APPLICABLE UTILITIES FOR USE BY THE ORGANIZATION IN MEETING AND ADMINISTRATION. THE ESTIMATED ANNUAL FAIR RENTAL VALUE OF THE DONATED SERVICES IS $10,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Shearer Executive Director | OfficerTrustee | 40 | $139,691 |
Win Ryan Treasurer/secretary | OfficerTrustee | 2 | $0 |
Darrell Bevelhymer Chairman | OfficerTrustee | 2 | $0 |
Graham Marshall Director | Trustee | 2 | $0 |
Marta Plata Director | Trustee | 1 | $0 |
Maria Manks Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $180,087 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,379,132 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,559,219 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,561,832 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $101,213 |
| 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. | $142,319 |
| Compensation of current officers, directors, key employees. | $35,898 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $639,552 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $60,479 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,371 |
| Fees for services: Accounting | $125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,867 |
| Advertising and promotion | $9,973 |
| Office expenses | $30,789 |
| Information technology | $66,121 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,767 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,286 |
| Interest | $913 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,056 |
| Insurance | $6,250 |
| All other expenses | $0 |
| Total functional expenses | $1,197,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,366 |
| Savings and temporary cash investments | $18,499 |
| 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 | $257 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $28,424 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $972 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $282,518 |
| Accounts payable and accrued expenses | $21,507 |
| 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 | $21,507 |
| Net assets without donor restrictions | $242,512 |
| Net assets with donor restrictions | $18,499 |
| 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 | $282,518 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Texas Academy 4 has recieved totaling $262,028.
| Awarding Organization | Amount |
|---|---|
Adeline & George Mcqueen Foundation Of 1960 8336174700 Chicago, IL PURPOSE: GENERAL | $65,000 |
Roop Family Foundation Inc Lexington, KY PURPOSE: SUPPORT | $51,000 |
Rees-Jones Foundation Dallas, TX PURPOSE: FUNDING TO SUPPORT IN-SCHOOL MENTORING PROGRAMS IN TITLE 1 ELEMENTARY SCHOOLS. | $50,000 |
Thomas M & Helen Mckee & John P Ryan Foundation Inc Fort Worth, TX PURPOSE: GENERAL OPERATING SUPPORT | $35,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: MUTUAL & MEMBERSHIP BENEFIT | $25,250 |
Rainwater Charitable Foundation Fort Worth, TX PURPOSE: SUPPORTING PROGRAMMING IN FWISD | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wpc Organizing Committee Houston, TX | $4,771,928 | $17,858,109 |
Southwest Airlines Pilots Mutual Aid Plan Dallas, TX | $4,208,509 | $7,999,546 |
Health Alliance For Austin Musicians Austin, TX | $4,718,608 | $3,433,029 |
R Lacy Inc Employees Benefit Longview, TX | $283,785 | $3,619,017 |
Texas Water Utilities Association Hutto, TX | $1,944,371 | $2,944,744 |
Texas Academy 4 Fort Worth, TX | $282,518 | $1,561,832 |
East Central Vernon Water Systems Inc Slagle, LA | $5,670,763 | $991,334 |
Texas Citrus Mutual Mission, TX | $1,399,360 | $410,368 |
Nail-Swain Water Assoc Deer, AR | $5,049,713 | $240,156 |
Ericksdahl Water Supply Corporation Stamford, TX | $794,402 | $253,649 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Lubbock, TX | $2,038 | $245,950 |
Arkansas Electric Energy Consumers Inc Little Rock, AR | $61,661 | $236,192 |