Golden Rule Schools Inc
- Assets
- $72.0m
- Revenue
- $20.9m
- Investments
- $0.0
- Employees
- 306
- Location
- Desto, TX
- Founding
- 07/2001
- Data as of
- 08/2022
- EIN
- 75-2909306
Organization Overview
Golden Rule Schools Inc is located in Desto, 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 08/2022, Golden Rule Schools Inc employed 306 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 08/2022, Golden Rule Schools Inc generated $20.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $20.7m during the year ending 08/2022. While expenses have increased by 6.9% 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 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 IN 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 |
|---|---|---|---|
Dr Vincente Delgado CEO | Officer | 40 | $250,000 |
Ernie Amaton Assistant Superintendent | 40 | $119,975 | |
Diana Lara Assistant Superintendent | 40 | $103,030 | |
Sarah Elizondo Board Secretary | Trustee | 5 | $0 |
Eva Cisneros Board Member | Trustee | 5 | $0 |
Gamaliel Solares Board Vice President | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cornerstone Business Development | 8/30/22 | $105,865 |
Callaway Architecture Architecture | 8/30/22 | $360,864 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,234,259 |
| 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 | $20,234,259 |
| Total Program Service Revenue | $223,399 |
| Investment income | $164,337 |
| 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 | $20,883,674 |
| 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. | $473,500 |
| Compensation of current officers, directors, key employees. | $473,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,589,148 |
| Pension plan accruals and contributions | $605,911 |
| Other employee benefits | $469,129 |
| Payroll taxes | $256,127 |
| Fees for services: Management | $105,865 |
| Fees for services: Legal | $210,617 |
| Fees for services: Accounting | $26,600 |
| 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 | $53,157 |
| Information technology | $513,473 |
| Royalties | $0 |
| Occupancy | $461,536 |
| Travel | $35,029 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,408,102 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,128,212 |
| Insurance | $180,445 |
| All other expenses | $346,011 |
| Total functional expenses | $20,668,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,581,054 |
| Savings and temporary cash investments | $25,777,540 |
| Pledges and grants receivable | $1,511,975 |
| Accounts receivable, net | $52,399 |
| 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 | $57,342 |
| Net Land, buildings, and equipment | $31,921,386 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,114,581 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $72,016,277 |
| Accounts payable and accrued expenses | $698,307 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $54,177,134 |
| 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 | $0 |
| Total liabilities | $54,875,441 |
| Net assets without donor restrictions | $3,015,062 |
| Net assets with donor restrictions | $14,125,774 |
| 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 | $72,016,277 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Golden Rule Schools Inc has recieved totaling $91.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $91 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Collegiate Academies New Orleans, LA | $15,386,568 | $45,139,366 |
Renew-Reinventing Education New Orleans, LA | $11,254,190 | $34,978,044 |
Foundation For Louisiana Students Baton Rouge, LA | $21,702,876 | $38,265,312 |
East Texas Advanced Academies Longview, TX | $2,379,457 | $32,700,344 |
Basis Texas Charter Schools Inc San Antonio, TX | $92,451,409 | $31,933,223 |
Dove Schools Oklahoma City, OK | $6,243,861 | $28,048,630 |
Discovery Health Sciences Foundation Inc Kenner, LA | $11,194,982 | $30,168,997 |
Arkansas Virtual Academy Little Rock, AR | $3,075,159 | $27,721,037 |
Algiers Charter School Association Inc New Orleans, LA | $11,545,116 | $21,416,188 |
Dzilth-Na-O-Dith-Hle School Board Of Education Bloomfield, NM | $37,723,177 | $9,753,755 |
Einstein Group New Orleans, LA | $9,740,028 | $21,533,973 |
Golden Rule Schools Inc Desto, TX | $72,016,277 | $20,883,674 |