Panola School
- Assets
- $2.6m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 29
- Location
- Carthage, TX
- Founding
- 05/2000
- Data as of
- 08/2022
- EIN
- 75-2855333
Organization Overview
Panola School is located in Carthage, TX. The organization was established in 2000. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 08/2022, Panola School employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panola 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 08/2022, Panola School generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $2.0m during the year ending 08/2022. While expenses have increased by 6.5% per year over the past 3 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 PROVIDE HIGH SCHOOL CURRICULA FOR STUDENTS IN GRADES 8-12. THE SCHOOL OPERATES UNDER AN OPEN-ENROLLMENT CHARTER GRANTED BY THE TEXAS BOARD OF EDUCATION AND IS PART OF THE PUBLIC SCHOOL SYSTEM OF TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL OFFERS EDUCATION FOR STUDENTS IN GRADES EIGHT THROUGH TWELVE
SAME OBJECTIVE
SAME OBJECTIVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Worles Ceo/superintendent | Officer | 40 | $82,624 |
Carlton Shamburger President-Board Of Trustees | Trustee | 1 | $0 |
Todd Malone Vice President Board Of Trustees | Trustee | 1 | $0 |
Martin Clark Sr Secretary Board Of Trustees | Trustee | 1 | $0 |
Glenda Clabaugh Member Board Of Trustees | Trustee | 1 | $0 |
Janet Humber Member Board Of Trustees | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,321,068 |
| Investment income | $582 |
| 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 | $2,321,650 |
| 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. | $82,624 |
| Compensation of current officers, directors, key employees. | $82,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,040,391 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,555 |
| Payroll taxes | $69,482 |
| Fees for services: Management | $24,962 |
| Fees for services: Legal | $370 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,725 |
| Office expenses | $6,215 |
| Information technology | $48,846 |
| Royalties | $0 |
| Occupancy | $108,980 |
| Travel | $8,298 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,638 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,217 |
| Insurance | $68,130 |
| All other expenses | $0 |
| Total functional expenses | $1,988,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,067 |
| Savings and temporary cash investments | $200,305 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,970 |
| 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 | $2,109,677 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,584,019 |
| Accounts payable and accrued expenses | $22,622 |
| 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 | $694,849 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $717,471 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $1,866,548 |
| 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 | $2,584,019 |