Ltts Charter School Inc
- Assets
- $48.3m
- Revenue
- $20.6m
- Investments
- $0.0
- Employees
- 261
- Location
- Irving, TX
- Founding
- 05/1998
- Data as of
- 08/2022
- EIN
- 75-2739703
Organization Overview
Ltts Charter School Inc is located in Irving, 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 08/2022, Ltts Charter School Inc employed 261 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ltts Charter School 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 08/2022, Ltts Charter School Inc generated $20.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $22.4m during the year ending 08/2022. While expenses have increased by 3.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A CHALLENGING AND INTELLECTUALLY ENGAGING CURRICULUM WITHIN A SAFE, NUTURING ENVIRONMENT BY PROVIDING VARIED LEARNING OPPORTUNITIES THAT FOCUS ON THE DEVELOPMENT OF INSTRUCTIONAL EXCELLENCE, LEADERSHIP, AND CHARACTER BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL SERVICES FOR STUDENTS FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Dana Jobe Superintende | Trustee | 40 | $261,000 |
Janice Blackmon President | OfficerTrustee | 40 | $217,667 |
Andrea Butcher CFO | Officer | 40 | $175,917 |
Perkina Gross-Dickerson Assit. COO | Officer | 40 | $170,917 |
Sheraton Duffey Principal | 40 | $137,917 | |
Terea Jones Math Facilit | 40 | $107,917 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Fuller Law Group Legal Service | 8/30/22 | $240,000 |
Mjc Cleaning Service Janitorial | 8/30/22 | $382,135 |
Paramount Educational Evaluation Co Diagnostician | 8/30/22 | $186,052 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,289,865 |
| All other contributions, gifts, grants, and similar amounts not included above | $237,376 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,527,241 |
| Total Program Service Revenue | $0 |
| Investment income | $103,398 |
| 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 | $20,630,639 |
| 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. | $825,501 |
| Compensation of current officers, directors, key employees. | $497,209 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,329,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $779,467 |
| Payroll taxes | $228,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200,762 |
| Fees for services: Accounting | $57,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,796,674 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,681 |
| Travel | $600 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,874,466 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,222,584 |
| Insurance | $272,202 |
| All other expenses | $52,606 |
| Total functional expenses | $22,429,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,261,077 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,642,499 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,210 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $41,243 |
| Net Land, buildings, and equipment | $33,319,340 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $48,279,369 |
| Accounts payable and accrued expenses | $247,112 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $43,538,591 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $441,131 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,489,302 |
| Total liabilities | $46,716,136 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $1,563,233 |
| 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 | $48,279,369 |
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 |