Ascension Episcopal School
- Assets
- $578.4k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 69
- Location
- Houston, TX
- Founding
- 05/2018
- Data as of
- 06/2021
- EIN
- 74-1778661
Organization Overview
Ascension Episcopal School is located in Houston, TX. The organization was established in 2018. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Ascension Episcopal School employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ascension Episcopal 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, Ascension Episcopal School generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 4 years. 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
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A CHRISTIAN COMMUNITY COMMITTED TO GUIDING EACH CHILD TOWARD ACADEMIC EXCELLENCE WHILE PROMOTING CHRISTIAN VALUES AND CULTIVATING THEIR GOD-GIVEN TALENTS. THE ORGANIZATION WAS FOUNDED IN 1972 TO SERVE CHILDREN THREE MONTHS THROUGH EIGTH GRADE. THE ORGANIZATION'S EARLY LEARNING PROGRAM IS AVAILABLE FOR CHILDREN THREE MONTHS OF AGE THROUGH THREE YEARS OF AGE. THE ORGANIZATION IS A FAMILY OF MUTUALLY RESPECTFUL, CARING AND INVOLVED PARENTS, STAFF AND STUDENTS WHO ARE PARTNERS IN THE EDUCATION OF THE WHOLE CHILD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy T Clausey Head Of Scho | OfficerTrustee | 40 | $71,000 |
Mike Black President; T | OfficerTrustee | 2 | $0 |
Tim Gilheart Vice Preside | OfficerTrustee | 2 | $0 |
Karen Hanson Secretary | OfficerTrustee | 2 | $0 |
Tom Sutton Trustee | Trustee | 2 | $0 |
Nick Chauvin Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,837 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,837 |
| Total Program Service Revenue | $992,546 |
| Investment income | $10,268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,007,651 |
| 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. | $71,000 |
| Compensation of current officers, directors, key employees. | $7,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $763,962 |
| Pension plan accruals and contributions | $59,788 |
| Other employee benefits | $10,109 |
| Payroll taxes | $63,511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,858 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,400 |
| Travel | $0 |
| 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 | $10,242 |
| Insurance | $0 |
| All other expenses | $75,444 |
| Total functional expenses | $1,182,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,745 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $50,790 |
| Investments—publicly traded securities | $147,872 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $578,407 |
| Accounts payable and accrued expenses | $72,866 |
| Grants payable | $0 |
| Deferred revenue | $12,829 |
| 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 | $450,679 |
| Other liabilities | $0 |
| Total liabilities | $536,374 |
| Net assets without donor restrictions | -$105,839 |
| Net assets with donor restrictions | $147,872 |
| 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 | $578,407 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ascension Episcopal School has recieved totaling $60,987.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Acadiana Lafayette, LA PURPOSE: Scholarships,Annual Fund | $49,487 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $11,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Delta Inc Helena, AR | $23,299,418 | $20,055,239 |
Baton Rouge Christian Education Foundation Inc Baton Rouge, LA | $25,217,556 | $20,900,810 |
Alcuin School Dallas, TX | $59,182,125 | $20,381,763 |
Oakridge School Inc Arlington, TX | $19,389,993 | $20,174,539 |
Pulaski Academy Little Rock, AR | $31,968,373 | $17,811,246 |
Education Service Center Region Ii Of Texas Corpus Christi, TX | $24,486,082 | $17,593,515 |
The Woodlands Christian Academy The Woodlands, TX | $44,326,696 | $20,493,923 |
Odyssey 2020 Academy Inc Galveston, TX | $23,994,459 | $17,751,222 |
El Paso Education Initiative Inc El Paso, TX | $37,947,839 | $17,386,289 |
Episcopal Collegiate School Little Rock, AR | $113,498,551 | $17,410,081 |
Energized For Excellence Academy Houston, TX | $1,351,482 | $18,898,659 |
Houston Gateway Academy Inc Houston, TX | $78,886,053 | $32,736,217 |