El Paso Education Initiative Inc is located in El Paso, TX. The organization was established in 1998. 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 08/2023, El Paso Education Initiative Inc employed 310 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. El Paso Education Initiative 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 08/2023, El Paso Education Initiative Inc generated $21.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $21.6m during the year ending 08/2023. While expenses have increased by 9.1% per year over the past 8 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
TO DEVELOP AND FACILITATE THE IMPLEMENTATION OF GOALS AND PROGRAMS THAT WILL ENHANCE EDUCATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EL PASO EDUCATION INITIATIVE, INC. IS AN OPEN ENROLLMENT CHARTER SCHOOL WITH AN AVERAGE DAILY ATTENDANCE OF 1,428 STUDENTS IN GRADES K-12.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rogelio Chacon Board President | Trustee | 1 | $0 |
Stanley Esparza Board Member | Trustee | 1 | $0 |
Carlos Kaplan Board Vice President | Trustee | 1 | $0 |
Eric Summer Board Secretary | Trustee | 1 | $0 |
Pedro Velazco Board Member | Trustee | 1 | $0 |
Joe Gonzales Superintendent | OfficerTrustee | 40 | $227,500 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Twenty-five Eight Construction Llc Construction | 8/30/23 | $699,554 |
Labatt Food Service Food Service | 8/30/23 | $557,159 |
One Stop Contractors Construction | 8/30/23 | $1,019,106 |
American Charter Buses Llc Transportation | 8/30/23 | $463,507 |
Burnham Family Lp Rent | 8/30/23 | $377,530 |
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 | $1,395 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,395 |
Total Program Service Revenue | $21,525,442 |
Investment income | $384,872 |
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 | $21,911,709 |
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. | $531,208 |
Compensation of current officers, directors, key employees. | $531,208 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $11,578,452 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $392,627 |
Payroll taxes | $628,333 |
Fees for services: Management | $0 |
Fees for services: Legal | $75,174 |
Fees for services: Accounting | $85,250 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $726,383 |
Travel | $350,041 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $376,140 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $566,925 |
Insurance | $141,187 |
All other expenses | $1,751,994 |
Total functional expenses | $21,556,099 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $997,282 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $2,818,365 |
Accounts receivable, net | $1,885 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $19,391 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $25,238,622 |
Investments—publicly traded securities | $7,660,606 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $36,736,151 |
Accounts payable and accrued expenses | $211,988 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $19,869,251 |
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 | $324,878 |
Total liabilities | $20,406,117 |
Net assets without donor restrictions | $1,069,868 |
Net assets with donor restrictions | $15,260,166 |
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 | $36,736,151 |