Texas Serenity Academy
- Assets
- $2.0m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 79
- Location
- Houston, TX
- Founding
- 12/1998
- Data as of
- 08/2021
- EIN
- 76-0575970
Organization Overview
Texas Serenity Academy is located in Houston, TX. The organization was established in 1998. According to its NTEE Classification (I44) the organization is classified as: Prison Alternatives, under the broad grouping of Crime & Legal-Related and related organizations. As of 08/2021, Texas Serenity Academy employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Serenity 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 08/2021, Texas Serenity Academy generated $7.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $7.5m during the year ending 08/2021. While expenses have increased by 6.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
K-8 ACADEMIC EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CURRENTLY PROVIDE K-8 EDUCATION TO CHILDREN WHO RESIDE IN THE COMMUNITY AT LARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hagmon Simmoons Superintendent | 40 | $137,530 | |
Larry Jenkins Hr Director | 40 | $97,250 | |
Marcia Rowe Accountant | 40 | $74,400 | |
Rondalyn Pointer Principal | 40 | $69,999 | |
Michelle Foreman Principal | 40 | $66,908 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $955,267 |
| Government grants | $2,114,535 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,874,497 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,944,299 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $7,944,299 |
| 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. | $694,585 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,251,974 |
| Pension plan accruals and contributions | $99,149 |
| Other employee benefits | $315,899 |
| Payroll taxes | $74,930 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,176,637 |
| Travel | $9,084 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $377,640 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,997 |
| Insurance | $146,903 |
| All other expenses | $0 |
| Total functional expenses | $7,458,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,382 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $37,106 |
| Accounts receivable, net | $284,460 |
| Loans from Officers, Directors, or Controlling Persons | $40,986 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,902 |
| Net Land, buildings, and equipment | $1,267,562 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,540 |
| Total assets | $2,023,938 |
| Accounts payable and accrued expenses | $426,037 |
| Grants payable | $225,873 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $2,394,276 |
| Other liabilities | $885,299 |
| Total liabilities | $3,931,485 |
| Net assets without donor restrictions | -$1,907,547 |
| Net assets with donor restrictions | $0 |
| 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 | -$1,907,547 |
| Total liabilities and net assets/fund balances | $2,023,938 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Serenity Academy has recieved totaling $12,596.
| Awarding Organization | Amount |
|---|---|
Houston Food Bank Houston, TX PURPOSE: Food Distribution Program | $12,596 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Serenity Academy Houston, TX | $2,023,938 | $7,944,299 |
Georgetown Healthcare Community Services Inc Georgetown, TX | $10,463,436 | $2,567,148 |
Remerge Of Ok County Inc Oklahoma City, OK | $9,509,584 | $1,950,806 |
Innovative Alternatives Inc Houston, TX | $847,050 | $2,303,168 |
Specialized Outpatient Services Inc Oklahoma City, OK | $762,087 | $1,361,897 |
Council On Regional Economic Expansion And Educational Dev Co El Paso, TX | $8,626,125 | $173,189 |
Securus Richard A Smith Foundation Addison, TX | $49,125 | $1,070,357 |
Crossroads Foundation Inc Slidell, LA | $5,795,334 | $123,440 |
Truth Be Told Austin, TX | $263,536 | $315,480 |
Baton Rouge Comtransition & Treat Ctr Baton Rouge, LA | $0 | $690 |
Inside Books Project Austin, TX | $191,576 | $0 |
Gettin Home Cherokee, OK | $3,271 | $0 |