El Paso Education Initiative Inc
- Assets
- $37.9m
- Revenue
- $17.4m
- Investments
- $0.0
- Employees
- 254
- Location
- El Paso, TX
- Founding
- 06/1998
- Data as of
- 08/2021
- EIN
- 74-2855052
Organization Overview
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 08/2021, El Paso Education Initiative Inc employed 254 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 08/2021, El Paso Education Initiative Inc generated $17.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $16.7m during the year ending 08/2021. While expenses have increased by 7.6% 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
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 1,367 STUDENTS IN GRADES K-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Gonzales Superintendent | Officer | 40 | $166,475 |
Stanley Esparza Board Member | Trustee | 1 | $0 |
Rogelio Chacon Board President | 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 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Burnham Family Lp Rent | 8/30/21 | $338,971 |
One Stop Elp Llc Construction | 8/30/21 | $318,093 |
Labatt Food Service Food Service | 8/30/21 | $203,534 |
A Janssen Inc Construction | 8/30/21 | $230,320 |
S & C Building Contractors Construction | 8/30/21 | $132,299 |
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 | $175,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,000 |
| Total Program Service Revenue | $17,207,560 |
| Investment income | $3,729 |
| 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 | $17,386,289 |
| 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. | $166,475 |
| Compensation of current officers, directors, key employees. | $166,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,804,309 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,259,645 |
| Payroll taxes | $341,961 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90,782 |
| Fees for services: Accounting | $72,825 |
| 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 | $519,835 |
| Travel | $69,767 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $206,681 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $576,240 |
| Insurance | $118,296 |
| All other expenses | $1,112,343 |
| Total functional expenses | $16,687,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,332,304 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,575,826 |
| 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 | $792 |
| Prepaid expenses and deferred charges | $30,208 |
| Net Land, buildings, and equipment | $15,112,028 |
| Investments—publicly traded securities | $14,896,681 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,947,839 |
| Accounts payable and accrued expenses | $151,075 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $20,514,834 |
| 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 | $290,613 |
| Total liabilities | $20,956,522 |
| Net assets without donor restrictions | $1,000,376 |
| Net assets with donor restrictions | $15,990,941 |
| 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 | $37,947,839 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that El Paso Education Initiative Inc has recieved totaling $325,000.
| Awarding Organization | Amount |
|---|---|
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $175,000 |
Council On Regional Economic Expansion And Educational Dev Co El Paso, TX PURPOSE: SCHOOL PROGRAM & BUILDING EXPANSION | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greenhill School Addison, TX | $147,490,301 | $53,613,950 |
St Marks School Of Texas Dallas, TX | $307,638,954 | $39,530,532 |
Tlc Academy San Angelo, TX | $61,295,304 | $42,259,776 |
Episcopal School Of Dallas Inc Dallas, TX | $115,874,541 | $40,283,303 |
John Cooper School The Woodlands, TX | $108,804,128 | $40,380,579 |
Fort Worth Country Day School Inc Fort Worth, TX | $119,263,068 | $39,582,011 |
Faith Family Kids Inc Desoto, TX | $30,662,985 | $39,123,210 |
Isidore Newman School New Orleans, LA | $70,350,338 | $38,233,388 |
Aplus Charter Schools Inc Dallas, TX | $53,044,254 | $32,813,961 |
Trinity Valley School Fort Worth, TX | $129,853,781 | $31,929,734 |
Saint Marys Hall Inc San Antonio, TX | $128,500,252 | $28,063,566 |
Lafayette Charter Foundation Inc Lafayette, LA | $33,304,298 | $27,089,084 |