Golden Rule Schools Inc
- Assets
- $58.2m
- Revenue
- $21.4m
- Investments
- $0.0
- Employees
- 303
- Location
- DeSoto, TX
- Founding
- 07/2001
- Data as of
- 08/2023
- EIN
- 75-2909306
Organization Overview
Golden Rule Schools Inc is located in DeSoto, TX. The organization was established in 2001. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 08/2023, Golden Rule Schools Inc employed 303 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Rule Schools 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 08/2023, Golden Rule Schools Inc generated $21.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $21.7m during the year ending 08/2023. While expenses have increased by 4.8% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A FREE PUBLIC EDUCATION TO AT RISK STUDENTS, GRADES PK-12, WITH AN EMPHASIS ON BILINGUAL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CURRENTLY PROVIDING APPROXIMATELY 1500 STUDENTS FROM PREK - 12 GRADE A SAFE STUDENT CENTERED ENVIRONMENT WHERE KNOWLEDGE AND LITERACY ARE ENCOURAGED THROUGH LEARNING ACTIVITIES THAT ARE DEVELOPMENTALLY APPROPRIATE, INDIVIDUALLY PACED AND ATTUNED TO EACH STUDENTS ACADEMIC PERFORMANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eva Cisneros Board Member | Trustee | 5 | $0 |
Sarah Elizondo Board Secretary | Trustee | 5 | $0 |
Norma Garcia Board Member | Trustee | 5 | $0 |
Lupita Kassi Board Member | Trustee | 5 | $0 |
Darrell Pilcher Board President | Trustee | 5 | $0 |
Lorenzo Elizondo Board Vice President | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Callaway Architecture Architecture | 8/30/22 | $360,864 |
Cornerstone Business Development | 8/30/22 | $105,865 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,720,675 |
| 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 | $19,720,675 |
| Total Program Service Revenue | $229,612 |
| Investment income | $1,019,600 |
| 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 | $21,449,079 |
| 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 | $12,094,579 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,285,762 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,116,310 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $641,978 |
| Travel | $32,965 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,273,217 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,102,585 |
| Insurance | $254,489 |
| All other expenses | $677,612 |
| Total functional expenses | $21,704,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,101,681 |
| Savings and temporary cash investments | $11,094,235 |
| Pledges and grants receivable | $479,207 |
| Accounts receivable, net | $0 |
| 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 | $63,801 |
| Net Land, buildings, and equipment | $31,054,662 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,119,315 |
| Intangible assets | $0 |
| Other assets | $2,292,568 |
| Total assets | $58,205,469 |
| Accounts payable and accrued expenses | $295,555 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $38,732,313 |
| 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 | $2,292,568 |
| Total liabilities | $41,320,436 |
| Net assets without donor restrictions | $3,645,067 |
| Net assets with donor restrictions | $13,239,966 |
| 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 | $58,205,469 |