The Galloway School
- Assets
- $7.6m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 61
- Location
- Friendswood, TX
- Founding
- 09/1993
- Data as of
- 06/2022
- EIN
- 76-0404883
Organization Overview
The Galloway School is located in Friendswood, TX. The organization was established in 1993. 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 06/2022, Galloway School employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galloway 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 06/2022, Galloway School generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 1.4% 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING A CERTIFIED TEACHER CURRICULUM FOR ACADEMIC EDUCATION FOR PRE-KINDERGARTEN THROUGH EIGHTH GRADE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Lamm President | OfficerTrustee | 1 | $0 |
Rafael Fonseca Vice President | OfficerTrustee | 1 | $0 |
Evan Watkins Secretary | OfficerTrustee | 1 | $0 |
Sergio Alvarez Board Member | Trustee | 1 | $0 |
Faiza Tahir Board Member | Trustee | 1 | $0 |
Eric Tennyson Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Watkins Real Estate Development Construction | 6/29/18 | $546,831 |
Generocity Services Inc General Contractor | 6/29/18 | $141,737 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $80,898 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $259,169 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $340,067 |
| Total Program Service Revenue | $2,347,942 |
| Investment income | $128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,939 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,288,930 |
| 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. | $117,460 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,304,037 |
| Pension plan accruals and contributions | $5,969 |
| Other employee benefits | $86,886 |
| Payroll taxes | $133,625 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $209,374 |
| Advertising and promotion | $795 |
| Office expenses | $45,807 |
| Information technology | $6,743 |
| Royalties | $0 |
| Occupancy | $11,234 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,494 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $375,461 |
| Insurance | $82,651 |
| All other expenses | $48,399 |
| Total functional expenses | $2,613,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,024,487 |
| Savings and temporary cash investments | $251,894 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,205 |
| 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 | $6,332,782 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $600 |
| Total assets | $7,617,968 |
| Accounts payable and accrued expenses | $364,143 |
| Grants payable | $0 |
| Deferred revenue | $170,592 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $116,291 |
| Other liabilities | $0 |
| Total liabilities | $651,026 |
| Net assets without donor restrictions | $6,481,920 |
| Net assets with donor restrictions | $485,022 |
| 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 | $7,617,968 |