Nova Charter School
- Assets
- $10.0m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 141
- Location
- Dallas, TX
- Founding
- 03/1998
- Data as of
- 08/2023
- 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 08/2023, Nova Charter School employed 141 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 08/2023, Nova Charter School generated $7.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $8.4m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 years. 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
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 |
|---|---|---|---|
Dr Maya Lagbara Board Member | OfficerTrustee | 2 | $0 |
Shana Mcnett Treasurer | OfficerTrustee | 2 | $0 |
Jabice Goines Teacher | Trustee | 2 | $0 |
Joe Tave Board Member | OfficerTrustee | 2 | $0 |
Torry Abra Board President | OfficerTrustee | 2 | $0 |
Makailen L Johnson Sr Member - Parent Represent | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Diwa Kitchen Food Service Vended Meals | 8/30/23 | $299,489 |
Schulman Lopez Hoffer And Adelstein Llp Legal Services | 8/30/23 | $152,312 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,275,497 |
| 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 | $7,275,497 |
| Total Program Service Revenue | $59,435 |
| Investment income | $19,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,000 |
| 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 | $7,365,746 |
| 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. | $150,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,000,835 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $686,080 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $152,258 |
| Fees for services: Accounting | $42,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $565,672 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $122,604 |
| Royalties | $0 |
| Occupancy | $242,898 |
| Travel | $14,153 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $230,690 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $320,448 |
| Insurance | $69,266 |
| All other expenses | $49,115 |
| Total functional expenses | $8,391,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $586,703 |
| Savings and temporary cash investments | $4,194,304 |
| Pledges and grants receivable | $457,892 |
| Accounts receivable, net | $6,156 |
| 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 | $3,651,425 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,081,956 |
| Total assets | $9,978,436 |
| Accounts payable and accrued expenses | $207,421 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $4,727,611 |
| 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 | $100,023 |
| Total liabilities | $5,035,055 |
| Net assets without donor restrictions | $1,969,689 |
| Net assets with donor restrictions | $2,973,692 |
| 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 | $9,978,436 |