Fort Worth Academy For The Education Of Children & Youth
- Assets
- $13.2m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 68
- Location
- Fort Worth, TX
- Founding
- 06/1983
- Data as of
- 06/2023
- EIN
- 75-1836214
Organization Overview
Fort Worth Academy For The Education Of Children & Youth is located in Fort Worth, TX. The organization was established in 1983. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Fort Worth Academy For The Education Of Children & Youth employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Worth Academy For The Education Of Children & Youth 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, Fort Worth Academy For The Education Of Children & Youth generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $4.7m during the year ending 06/2023. While expenses have increased by 3.0% 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
EDUCATION OF CHILDREN AND YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF CHILDREN AND YOUTH IN GRADES KINDERGARTEN THROUGH EIGHT GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Elders Head Of School | Officer | 50 | $202,288 |
Marcia Garoon Chief Financial Officer | Officer | 50 | $111,411 |
Shanda Ranelle President | OfficerTrustee | 1 | $0 |
Andrew Hawkins Vice President | OfficerTrustee | 1 | $0 |
Azure Spanier Secretary | OfficerTrustee | 1 | $0 |
Mark Russell Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Velco Construction & Restoration Llc Roof Replacement | 6/29/21 | $131,456 |
Gff Inc Building Architecture | 6/29/21 | $154,247 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $67,510 |
| Related organizations | $0 |
| Government grants | $253,937 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,239 |
| Noncash contributions included in lines 1a–1f | $14,288 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $555,686 |
| Total Program Service Revenue | $4,058,579 |
| Investment income | $28,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $26,193 |
| Net Rental Income | $4,931 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,990 |
| Net Income from Gaming Activities | $3,666 |
| Net Income from Sales of Inventory | $2,009 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,695,585 |
| 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. | $330,923 |
| Compensation of current officers, directors, key employees. | $180,756 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,303,731 |
| Pension plan accruals and contributions | $70,020 |
| Other employee benefits | $410,281 |
| Payroll taxes | $195,018 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,941 |
| Fees for services: Accounting | $2,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,520 |
| Advertising and promotion | $44,638 |
| Office expenses | $92,266 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $451,629 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,013 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $348,289 |
| Insurance | $0 |
| All other expenses | $59,049 |
| Total functional expenses | $4,740,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,555,817 |
| Savings and temporary cash investments | $2,433,515 |
| Pledges and grants receivable | $131,000 |
| Accounts receivable, net | $1,730,157 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $64,463 |
| Net Land, buildings, and equipment | $7,107,995 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $174,916 |
| Total assets | $13,197,863 |
| Accounts payable and accrued expenses | $202,630 |
| Grants payable | $0 |
| Deferred revenue | $3,773,396 |
| 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 | $205,431 |
| Total liabilities | $4,181,457 |
| Net assets without donor restrictions | $9,016,406 |
| Net assets with donor restrictions | $0 |
| 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 | $13,197,863 |