Post Oak School
- Assets
- $33.3m
- Revenue
- $15.4m
- Investments
- $0.0
- Employees
- 138
- Location
- Bellaire, TX
- Founding
- 08/1972
- Data as of
- 06/2021
- EIN
- 74-1486232
Organization Overview
Post Oak School is located in Bellaire, TX. The organization was established in 1972. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Post Oak School employed 138 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Post Oak 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 06/2021, Post Oak School generated $15.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $13.7m during the year ending 06/2021. While expenses have increased by 4.8% 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
THE POST OAK SCHOOL WAS FOUNDED TO PROVIDE A SUPERIOR MONTESSORI ENVIRONMENT AND DYNAMIC LEARNING EXPERIENCES WHICH ARE DESIGNED ACCORDING TO THE DEVELOPMENTAL CHARACTERISTICS AND NEEDS OF CHILDREN TO GUIDE AND NURTURE EACH CHILD INTELLECTUALLY, SOCIALLY, AND EMOTIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE POST OAK SCHOOL PROVIDES A COMPREHENSIVE MONTESSORI EDUCATION, BASED ON THE PRINCIPALS AND PRACTICES OF ASSOCIATION MONTESSORI INTERNATIONALE (AMI) AND ACCREDITED BY THE INTERNATIONAL SCHOOLS OF THE SOUTHWEST (ISAS), TO A DIVERSE POPULATION OF APPROXIMATELY 500 STUDENTS FROM INFANCY TO HIGH SCHOOL. IN KEEPING WITH DR. MONTESSORI'S IDEALS, CHILDREN WORK IN MULTI-AGE CLASSROOMS WITH A HIGH LEVEL OF FREEDOM IN CHOOSING THEIR OWN FOUNDATIONS IN LANGUAGE, MATH, GEOGRAPHY, SCIENCE, MUSIC, AND OTHER DISCIPLINES. THE MIDDLE SCHOOL AND HIGH SCHOOL ARE LOCATED ON A SECOND CAMPUS IN THE MUSEUM DISTRICT OF HOUSTON WHICH INCORPORATES THE PRINCIPLES OF DR. MONTESSORI AS WELL AS THE INTERNATIONAL BACCALAUREATE.
THE POST OAK SCHOOL OFFERS AN EXTENSIVE PROGRAM OF PARENT EDUCATION. A FREE SERIES OF FOUR CLASSES, REPEATED THROUGHOUT THE YEAR, OFFERS GENERAL INFORMATION ABOUT MONTESSORI EDUCATION TO BOTH PROSPECTIVE PARENTS AND INTERESTED VISITORS. THE INFANT-PARENT PROGRAM HELPS PARENTS OF TODDLERS TO RAISE HAPPY, SELF CONFIDENT CHILDREN. A VARIETY OF OTHER CLASSES, LECTURES, AND OTHER PRESENTATIONS DURING THE SCHOOL YEAR, SOME FREE AND OPEN TO THE PUBLIC AND OTHERS BY RESERVATION AFFORD A VARIETY OF PERSPECTIVES ON THE SCHOOL'S PRIMARY PURPOSE OF RAISING INTELLIGENT, CONFIDENT, CARING, AND SELF-MOTIVATED LIFELONG LEARNERS.
COMMUNITY SERVICE IS DEEPLY INGRAINED IN THE MONTESSORI CURRICULUM, FROM INFANCY THROUGH ADOLESCENCE. BY THE TIME OF MIDDLE SCHOOL, THE ENTIRE CLASS SPENDS A HALF DAY EACH WEEK WORKING IN SMALL GROUPS AT VARIOUS SERVICE AGENCIES AROUND HOUSTON. ELEMENTARY STUDENTS HAVE ONGOING RELATIONSHIPS WITH OTHER AGENCIES, WHETHER THROUGH REGULAR SITE VISITS FOR VOLUNTEER WORK OR BY WORKING ON PROJECTS TO BENEFIT NEEDY PEOPLE IN MORE DISTANT PLACES. OLDER CHILDREN ROUTINELY LEARN THE BENEFITS AND BLESSING OF AIDING OTHERS IN THE SCHOOL'S MULTI-AGE CLASSROOMS. EVEN THE INFANTS, LIVING IN A SMALL TIGHT KNIT COMMUNITY, DISCOVER EARLY ON THAT OTHER PEOPLE HAVE FEELINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maura Joyce President, Head Of School | OfficerTrustee | 60 | $321,659 |
Kelly Vaughn CFO | Officer | 60 | $182,782 |
Mirani Smith Hmi Director | 45 | $134,643 | |
Jeff Schneider Lower Elementary Director | 45 | $127,543 | |
Jamie Lee Dean Of Students | 50 | $110,844 | |
Mirna Andrade-Salgado Director Of Technology | 55 | $107,598 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mission Construction Construction | 6/29/21 | $1,409,894 |
Dtk Facility Services Janitorial Services | 6/29/21 | $130,524 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $75,466 |
| Related organizations | $0 |
| Government grants | $2,045,272 |
| All other contributions, gifts, grants, and similar amounts not included above | $437,087 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,557,825 |
| Total Program Service Revenue | $12,834,962 |
| Investment income | $74,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $104 |
| Net Income from Fundraising Events | -$19,047 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,447,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,472,284 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $508,166 |
| Compensation of current officers, directors, key employees. | $236,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,610,082 |
| Pension plan accruals and contributions | $268,996 |
| Other employee benefits | $720,338 |
| Payroll taxes | $485,094 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,347 |
| Fees for services: Accounting | $36,951 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $189,888 |
| Advertising and promotion | $0 |
| Office expenses | $143,051 |
| Information technology | $446,927 |
| Royalties | $0 |
| Occupancy | $857,491 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $163,436 |
| Interest | $323,403 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $795,147 |
| Insurance | $241,655 |
| All other expenses | $19,541 |
| Total functional expenses | $13,723,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,396,857 |
| Savings and temporary cash investments | $5,290,557 |
| Pledges and grants receivable | $524,630 |
| Accounts receivable, net | $94,525 |
| 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 | $307,503 |
| Net Land, buildings, and equipment | $22,332,695 |
| Investments—publicly traded securities | $3,350,086 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,296,853 |
| Accounts payable and accrued expenses | $308,385 |
| Grants payable | $0 |
| Deferred revenue | $2,765,038 |
| 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 | $9,863,062 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $271,502 |
| Total liabilities | $13,207,987 |
| Net assets without donor restrictions | $18,361,121 |
| Net assets with donor restrictions | $1,727,745 |
| 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 | $33,296,853 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Post Oak School has recieved totaling $18,390.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $15,140 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $2,250 |
Celanese Foundation Irving, TX PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
Endowment Analysis
| Beg. Balance | $2,396,512 |
| Earnings | $903,295 |
| Net Contributions | $43,052 |
| Ending Balance | $3,342,859 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |
Abell-Hanger Foundation Midland, TX | $130,201,135 | $12,262,823 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |