Permian Basin Catholic High School
- Assets
- $3.1m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Midland, TX
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 47-4189121
Organization Overview
Permian Basin Catholic High School, operating under the name Holy Cross Catholic High School, is located in Midland, TX. The organization was established in 1946. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Holy Cross Catholic High School employed 10 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Holy Cross Catholic High School 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, Holy Cross Catholic High School generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 64.3% each year . All expenses for the organization totaled $2.1m 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
THE MISSION OF THE PBCHS IS TO BE A BEACON OF EXCELLENT CATHOLIC EDUCATION FOR THE YOUTH OF THE PERMIAN BASIN. WE CHALLENGE EACH STUDENT TO LIVE AS A CHRISTIAN WITNESS IN SERVICE TO OTHERS. WE FORM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE PBCHS IS TO BE A BEACON OF EXCELLENT CATHOLIC EDUCATION FOR THE YOUTH OF THE PERMIAN BASIN. WE CHALLENGE EACH STUDENT TO LIVE AS A CHRISTIAN WITNESS IN SERVICE TO OTHERS. WE FORM YOUNG MEN AND WOMEN TO SPIRITUALLY, ACADEMICALLY, SOCIALLY, AND PHYSICALLY, IN ACCORDANCE WITH THE TEACHING OF THE CATHOLIC CHURCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Gibson President | Officer | 4 | $0 |
Roy Ramirez V-President | Officer | 4 | $0 |
Jim Cox Treasurer | Officer | 4 | $0 |
Andrew Hohenberger Board Member | Trustee | 2 | $0 |
John Landgraf Board Member | Trustee | 2 | $0 |
Don Tomlin Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $12,115 |
| Government grants | $134,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,057,637 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,204,452 |
| Total Program Service Revenue | $915,008 |
| Investment income | $4,742 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,695 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,122,507 |
| 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 | $907,358 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $253,816 |
| Payroll taxes | $237,388 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,552 |
| Office expenses | $42,013 |
| Information technology | $50,166 |
| Royalties | $0 |
| Occupancy | $58,500 |
| Travel | $2,351 |
| 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 | $0 |
| Insurance | $29,151 |
| All other expenses | $467,119 |
| Total functional expenses | $2,070,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,992 |
| Savings and temporary cash investments | $1,960,418 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $725,833 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $435,092 |
| Total assets | $3,130,335 |
| Accounts payable and accrued expenses | $82,777 |
| 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 | $600,001 |
| Other liabilities | $0 |
| Total liabilities | $682,778 |
| Net assets without donor restrictions | $2,447,557 |
| 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 | $3,130,335 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Permian Basin Catholic High School has recieved totaling $21,370.
| Awarding Organization | Amount |
|---|---|
Scanlan Foundation Houston, TX PURPOSE: TO SUPPORT CATHOLIC EDUCATIONAL ACTIVITIES | $21,370 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Santa Fe Preparatory School Santa Fe, NM | $79,113,849 | $36,111,805 |
Thaden School Bentonville, AR | $79,028,915 | $15,891,102 |
Academics Plus Charter Schools Inc Maumelle, AR | $7,409,476 | $15,799,644 |
Marine Military Academy Inc Harlingen, TX | $47,303,872 | $14,319,783 |
South Texas Educational Technologies Inc Weslaco, TX | $17,267,724 | $15,758,985 |
Akibayavneh Academy Dallas, TX | $13,685,007 | $15,057,848 |
Navajo Preparatory School Inc Farmington, NM | $37,567,327 | $9,309,197 |
Student Alternatives Program Incorporated San Antonio, TX | $19,593,024 | $15,118,019 |
Braination Inc San Antonio, TX | $31,349,196 | $17,109,722 |
Bosque School Albuquerque, NM | $33,698,643 | $13,258,557 |
The Academy Fayetteville, AR | $10,084,024 | $11,745,768 |
Winfree Academy Charter School Carrollton, TX | $12,943,663 | $11,352,122 |