Tlc Academy
- Assets
- $61.3m
- Revenue
- $42.3m
- Investments
- $0.0
- Employees
- 690
- Location
- San Angelo, TX
- Founding
- 08/2001
- Data as of
- 08/2022
- EIN
- 75-2890597
Organization Overview
Tlc Academy is located in San Angelo, TX. The organization was established in 2001. 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, Tlc Academy employed 690 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tlc Academy 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, Tlc Academy generated $42.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $40.3m during the year ending 08/2022. While expenses have increased by 10.1% 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 EMPOWER STUDENTS TO DEVELOP CHARACTERISTICS WHICH PROMOTE POSITIVE LEADERSHIP AS A WAY OF LIFE. PROVIDE EDUCATION UTILIZING AN ADVANCED, INNOVATIVE LEARNING STYLE THAT CHALLENGES & ENRICHES THE CLASSROOM
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION AND REGISTRATION: EDUCATING CHILDREN, KINDERGARTEN THROUGH 12TH GRADE.
FOOD PROGRAMS & SCHOOL AUXILIARY SERVICES AND OTHER ATHLETIC AND LEARNING ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walt Landers Chancellor/ceo | OfficerTrustee | 40 | $200,141 |
Ron Ledbetter Superintendent | OfficerTrustee | 40 | $194,668 |
Leslie Scott White COO | Officer | 40 | $140,405 |
Raymond Meza President | OfficerTrustee | 2 | $0 |
Tommy Olive Board Member | Trustee | 2 | $0 |
Charity Vasquez Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Good Works Construction Maintenance | 8/30/22 | $273,220 |
Allen Enterprises Install Gym Floor | 8/30/22 | $129,416 |
Mccathren Architects Architecture | 8/30/22 | $140,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,997,613 |
| All other contributions, gifts, grants, and similar amounts not included above | $171,767 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,169,380 |
| Total Program Service Revenue | $2,044,030 |
| Investment income | $37,715 |
| 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 | $42,259,776 |
| 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. | $578,856 |
| Compensation of current officers, directors, key employees. | $578,856 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,130,305 |
| Pension plan accruals and contributions | $1,166,279 |
| Other employee benefits | $1,617,459 |
| Payroll taxes | $329,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,290 |
| Fees for services: Accounting | $57,266 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,422,067 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,230,587 |
| Travel | $177,422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,407,878 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,326,236 |
| Insurance | $795,300 |
| All other expenses | $0 |
| Total functional expenses | $40,331,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,571,079 |
| Savings and temporary cash investments | $11,812,493 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,583,159 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,791 |
| Prepaid expenses and deferred charges | $223,256 |
| Net Land, buildings, and equipment | $33,683,236 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,354,290 |
| Total assets | $61,295,304 |
| Accounts payable and accrued expenses | $1,968,855 |
| 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 | $37,661,557 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,622,570 |
| Total liabilities | $51,252,982 |
| Net assets without donor restrictions | $9,941,451 |
| Net assets with donor restrictions | $100,871 |
| 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 | $61,295,304 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tlc Academy has recieved totaling $46,060.
| Awarding Organization | Amount |
|---|---|
San Angelo Area Foundation San Angelo, TX PURPOSE: YOUTH DEVELOPMENT | $41,050 |
Community Foundation Of Abilene Abilene, TX PURPOSE: PROGRAM SUPPORT | $5,010 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspirenola Charter Schools New Orleans, LA | $22,382,887 | $74,884,221 |
Kinkaid School Inc Houston, TX | $122,042,370 | $52,090,713 |
St Johns School Houston, TX | $423,318,238 | $58,605,665 |
Hockaday School Dallas, TX | $327,432,445 | $61,281,462 |
Trinity Basin Preparatory Inc Grand Prairie, TX | $147,305,445 | $57,426,553 |
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 |