Regents School Of Austin Inc
- Assets
- $60.3m
- Revenue
- $31.3m
- Investments
- $0.0
- Employees
- 372
- Location
- Austin, TX
- Founding
- 04/1993
- Data as of
- 06/2023
- EIN
- 74-2636515
Organization Overview
Regents School Of Austin Inc is located in Austin, TX. The organization was established in 1993. 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 06/2023, Regents School Of Austin Inc employed 372 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regents School Of Austin 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 06/2023, Regents School Of Austin Inc generated $31.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $22.2m during the year ending 06/2023. While expenses have increased by 4.0% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF REGENTS SCHOOL OF AUSTIN IS TO PROVIDE A CLASSICAL (CONTINUED ON SCH. O)AND CHRISTIAN EDUCATION FOUNDED UPON AND INFORMED BY A BIBLICAL WORLDVIEW TO APPROXIMATELY 1,000 STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE QUALITY CLASSICAL CHRISTIAN EDUCATION TO APPROXIMATELY 1,000 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Benzon Chair | OfficerTrustee | 2.5 | $0 |
Mark Franz Vice Chair | OfficerTrustee | 2.5 | $0 |
Chris Jones Secretary | OfficerTrustee | 2.5 | $0 |
William Davis Board Member | Trustee | 1.5 | $0 |
Emily Gaertner Board Member | Trustee | 1.5 | $0 |
John Harper Board Member | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abs Commercial Cleaning Llc Janitorial Services | 6/29/23 | $242,004 |
Page Southerland Page Architectural Design | 6/29/23 | $182,283 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $66,367 |
| Related organizations | $117,958 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,927,011 |
| Noncash contributions included in lines 1a–1f | $33,214 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,111,336 |
| Total Program Service Revenue | $21,792,274 |
| Investment income | $350,117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,002 |
| Net Gain/Loss on Asset Sales | $630 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,273,359 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,842,010 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $555,509 |
| Compensation of current officers, directors, key employees. | $364,550 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,530,486 |
| Pension plan accruals and contributions | $511,210 |
| Other employee benefits | $1,529,108 |
| Payroll taxes | $801,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,377 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,694 |
| Advertising and promotion | $101,793 |
| Office expenses | $46,549 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,919,082 |
| 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 | $1,336,801 |
| Insurance | $150,648 |
| All other expenses | $0 |
| Total functional expenses | $22,165,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,281 |
| Savings and temporary cash investments | $14,354,703 |
| Pledges and grants receivable | $7,519,935 |
| Accounts receivable, net | $8,403,412 |
| Loans from Officers, Directors, or Controlling Persons | $60,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $575,897 |
| Net Land, buildings, and equipment | $27,409,392 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,902,022 |
| Total assets | $60,302,642 |
| Accounts payable and accrued expenses | $346,114 |
| Grants payable | $0 |
| Deferred revenue | $19,145,397 |
| 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 | $19,491,511 |
| Net assets without donor restrictions | $32,485,868 |
| Net assets with donor restrictions | $8,325,263 |
| 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 | $60,302,642 |