Nova Charter School
- Assets
- $10.5m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 135
- Location
- Dallas, TX
- Founding
- 03/1998
- Data as of
- 08/2021
- EIN
- 75-2740102
Organization Overview
Nova Charter School is located in Dallas, TX. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2021, Nova Charter School employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nova Charter School 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, Nova Charter School generated $9.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $8.9m during the year ending 08/2021. 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
EDUCATING STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATING STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Bremer Member - Teacher Representative | Trustee | 40 | $50,750 |
Krissandra Jones Demus Board President | OfficerTrustee | 2 | $0 |
Sandra F Nickerson Secretary | OfficerTrustee | 2 | $0 |
Lashun Jasper Superintendent | Officer | 40 | $0 |
Gregory Carter Member | Trustee | 2 | $0 |
Torry Abra Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paper Plate Inc Meals-programs | 8/30/17 | $396,004 |
John C Sherwood Lawsuit Settlem | 8/30/17 | $128,266 |
Complete Home Repairs Remolding | 8/30/17 | $113,400 |
Diagnostic Assessment Services Assessments | 8/30/17 | $100,984 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,130,812 |
| 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 | $9,130,812 |
| Total Program Service Revenue | $4,303 |
| Investment income | $8,555 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $376 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,145,221 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,446,858 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $627,582 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $309,974 |
| Fees for services: Accounting | $36,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $612,618 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $159,604 |
| Royalties | $0 |
| Occupancy | $213,536 |
| Travel | $125 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $258,706 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $315,943 |
| Insurance | $43,741 |
| All other expenses | $33,690 |
| Total functional expenses | $8,889,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,723,563 |
| Savings and temporary cash investments | $2,659,048 |
| Pledges and grants receivable | $1,825,189 |
| Accounts receivable, net | $100 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,277,543 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,485,443 |
| Accounts payable and accrued expenses | $244,575 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,151,839 |
| Total liabilities | $4,396,414 |
| Net assets without donor restrictions | $1,954,680 |
| Net assets with donor restrictions | $4,134,349 |
| 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 | $10,485,443 |
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|---|---|---|
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Compass Academy Charter School Inc Odessa, TX | $45,382,353 | $13,322,993 |
Oklahoma Connections Academy Inc Bartlesville, OK | $2,156,539 | $12,078,246 |
Leadership Prep School Frisco, TX | $24,409,285 | $12,471,078 |
Arkansas Public School Resource Center Inc Little Rock, AR | $6,340,415 | $12,760,504 |
Mission Interests Committee Harrison, AR | $10,271,501 | $13,233,204 |
Texas Tribune Inc Austin, TX | $12,456,170 | $12,467,958 |