Lago Vista Academy

Organization Overview

Lago Vista Academy is located in Lago Vista, TX. The organization was established in 1999. 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 12/2021, Lago Vista Academy employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lago Vista Academy 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 12/2021, Lago Vista Academy generated $199.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $154.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

EARLY CHILDHOOD EDUCATION IN A SEMI-RURAL LOCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATION OF APPROXIMATELY 60 STUDENTS UNDER THE AGE OF 13 YEARS (PRE-TEEN) IN A SEMI-RURAL AREA, INCLUDING FULL-DAY, PRE-SCHOOL, AND AFTER-SCHOOL PROGRAMS WITHOUT BIAS.


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Board, Officers & Key Employees

Name (title)Compensation
Thelma Lopez
Headmistress/director
$42,356
Vicki Stewart
Director
$6,405
Kevin Yates
Director
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$49,932
Investment income $0
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 $199,822

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