St Marks School Of Texas
- Assets
- $366.6m
- Revenue
- $66.6m
- Investments
- $33.3m
- Employees
- 295
- Location
- Dallas, TX
- Founding
- 01/1952
- Data as of
- 06/2023
- EIN
- 75-0827460
Organization Overview
St Marks School Of Texas is located in Dallas, TX. The organization was established in 1952. 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, St Marks School Of Texas employed 295 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Marks School Of Texas 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, St Marks School Of Texas generated $66.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $45.8m during the year ending 06/2023. While expenses have increased by 4.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ST. MARK'S SCHOOL OF TEXAS, IS A PRIVATE, NON-PROFIT, NON-SECTARIAN, INDEPENDENT, COLLEGE PREPARATORY DAY SCHOOL FOR BOYS GRADES 1 THROUGH 12. THE SCHOOL AIMS TO AFFORD ITS STUDENTS WELL-ROUNDED PHYSICAL, INTELLECTUAL AND SPIRITUAL EDUCATION.
Describe the Organization's Program Activity:
INSTRUCTIONAL GRADES 1 THROUGH 12 - ST. MARK'S SCHOOL OF TEXAS IS A PRIVATE, NON-PROFIT, NON-SECTARIAN, INDEPENDENT, COLLEGE PREPARATORY DAY SCHOOL FOR BOYS IN GRADES 1 THROUGH 12. THE SCHOOL AIMS TO AFFORD ITS STUDENTS WELL-ROUNDED PHYSICAL, INTELLECTUAL, AND SPIRITUAL EDUCATION. THE SCHOOL, WHICH CELEBRATED ITS CENTENNIAL IN 2006, IS LOCATED IN DALLAS, TEXAS, AND HAS AN APPROXIMATE ENROLLMENT OF 910 BOYS.
EXTENDED DAY - AFTER SCHOOL CARE FOR BOYS IN GRADES 1 THROUGH 4. THE PROGRAM HAS AN ENROLLMENT OF APPROXIMATELY 60 BOYS.
STUDENT ACTIVITIES - WIDE RANGING EXPENSES RELATED TO NONINSTRUCTIONAL ACTIVITIES OF STUDENTS INCLUDING COMMENCEMENT EXERCISES, STUDENT COUNCIL EXPENSES, AND CLASS FIELD TRIPS.
NEW STUDENT ADMISSION FEES - EXPENSES RELATED TO THE MATRICULATIONOF STUDENTS TO THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David B Ackerman Trustee | Trustee | 2 | $0 |
Lydia B Addy Trustee | Trustee | 2 | $0 |
Kasim Alfalahi Trustee | Trustee | 2 | $0 |
Marwin T Brown Trustee | Trustee | 2 | $0 |
David A Campbell Trustee | Trustee | 2 | $0 |
Drew A Campbell Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hc Beck Ltd Construction | 6/29/23 | $3,122,948 |
Orgues Letourneau Limitee Organ Construction | 6/29/23 | $579,936 |
Axxys Technologies Inc It Management/support | 6/29/23 | $1,112,993 |
Stephen Miller Jr Custodial/janitorial | 6/29/23 | $561,582 |
Wilcoxson Ag Llc Landscape Maintenance | 6/29/23 | $496,428 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $71,165 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,403,542 |
| Noncash contributions included in lines 1a–1f | $7,162,952 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,474,707 |
| Total Program Service Revenue | $30,261,654 |
| Investment income | $4,677,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$572,867 |
| Net Income from Fundraising Events | -$50,114 |
| Net Income from Gaming Activities | -$18,900 |
| Net Income from Sales of Inventory | -$130,549 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,581,417 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,398,852 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,355,087 |
| Compensation of current officers, directors, key employees. | $1,135,511 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,533,233 |
| Pension plan accruals and contributions | $1,135,076 |
| Other employee benefits | $1,901,883 |
| Payroll taxes | $1,394,763 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $74,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $41,925 |
| Fees for services: Investment Management | $488,066 |
| Fees for services: Other | $1,470,645 |
| Advertising and promotion | $69,205 |
| Office expenses | $1,186,900 |
| Information technology | $809,735 |
| Royalties | $0 |
| Occupancy | $1,474,339 |
| Travel | $520,097 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,763 |
| Interest | $57,935 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,025,180 |
| Insurance | $900,693 |
| All other expenses | $855,192 |
| Total functional expenses | $45,822,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,484,286 |
| Savings and temporary cash investments | $47,086,087 |
| Pledges and grants receivable | $36,176,651 |
| Accounts receivable, net | $19,804,006 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $447,642 |
| Prepaid expenses and deferred charges | $164,562 |
| Net Land, buildings, and equipment | $80,577,841 |
| Investments—publicly traded securities | $130,863,125 |
| Investments—other securities | $33,337,471 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $695,522 |
| Total assets | $366,637,193 |
| Accounts payable and accrued expenses | $6,078,065 |
| Grants payable | $0 |
| Deferred revenue | $29,290,768 |
| Tax-exempt bond liabilities | $2,305,834 |
| 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 | $0 |
| Total liabilities | $37,674,667 |
| Net assets without donor restrictions | $101,285,799 |
| Net assets with donor restrictions | $227,676,727 |
| 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 | $366,637,193 |