Discernment Inc
- Assets
- $8.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Garland, TX
- Founding
- 08/2004
- Data as of
- 12/2019
- EIN
- 56-2439298
Organization Overview
Discernment Inc is located in Garland, TX. The organization was established in 2004. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discernment 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 12/2019, Discernment Inc generated $38.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $37.4k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDED COURSES IN MUSIC, DRAMA, LITERATURE, HISTORY, MATHEMATICS, AND SCIENCE TO STUDENTS ATTENDING PRIVATE AND HOME SCHOOLS. TOTAL STUDENT CLASSROOM SEATS IN 2017 WERE 126.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Byron E Clark President | 30 | $15,536 | |
Ana E Clark Secretary | 30 | $15,536 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9 |
| Total Program Service Revenue | $38,919 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,928 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $31,072 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $2,790 |
| Printing, publications, postage, and shipping | $22 |
| Other expenses | $3,555 |
| Total expenses | $37,439 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,146 |
| Other assets | $0 |
| Total assets | $8,489 |
| Total liabilities | $3,232 |
| Net assets or fund balances | $5,257 |
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|---|---|---|
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Jefferson Rise Inc Harvey, LA | $2,069,486 | $7,950,282 |
Kipp Tulsa Academy College Preparatory Inc Tulsa, OK | $1,679,159 | $6,515,137 |
Genesis Schools Dallas, TX | $2,845,461 | $6,950,630 |
Oklahoma Secondary School Activities Association Oklahoma City, OK | $5,888,352 | $8,125,851 |
Ki Education Foundation San Marcos, TX | $5,317,599 | $6,578,842 |
Cristo Rey Dallas High School Inc Dallas, TX | $24,682,483 | $7,060,807 |
Incarnate Word High School San Antonio, TX | $7,621,151 | $5,864,763 |
Regent Preparatory School Of Oklahoma Inc Tulsa, OK | $15,476,075 | $6,249,276 |