Texas Serenity Academy
- Assets
- $2.0m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/1998
- Data as of
- 08/2022
- 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. 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 08/2022, Texas Serenity Academy generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $5.4m during the year ending 08/2022. While expenses have increased by 0.8% 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
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 |
|---|---|---|---|
Alfred Williams Resigned 0422 President | OfficerTrustee | 0 | $0 |
Damon Steward Resigned 1121 Board Member | Trustee | 0 | $0 |
Dustin Simmons Resigned 1121 Board Member | Trustee | 0 | $0 |
Gloria Rose Resigned 1121 Board Member | Trustee | 0 | $0 |
Jamie Slaughter Resigned 1222 Vice President | OfficerTrustee | 0 | $0 |
Olga Aguilar Resigned 0722 Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $62,374 |
| Government grants | $2,996,145 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,736,256 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,794,775 |
| 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 | $5,794,775 |
| 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 | $2,972,599 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| 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 | $1,585,725 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $265,905 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,997 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,402,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $484,371 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $37,106 |
| Accounts receivable, net | $284,461 |
| 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 | $1,181,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,540 |
| Total assets | $2,048,347 |
| Accounts payable and accrued expenses | $324,619 |
| 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 | $2,980,304 |
| Other liabilities | $33,239 |
| Total liabilities | $3,564,035 |
| Net assets without donor restrictions | -$1,515,688 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,048,347 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Serenity Academy Houston, TX | $2,048,347 | $5,794,775 |
Georgetown Healthcare Community Services Inc Georgetown, TX | $8,892,256 | $3,307,828 |
Remerge Of Ok County Inc Oklahoma City, OK | $11,074,840 | $4,288,403 |
Innovative Alternatives Inc Houston, TX | $754,548 | $1,735,028 |
Council On Regional Economic Expansion And Educational Dev Co El Paso, TX | $7,495,157 | $289,897 |
Crossroads Foundation Inc Slidell, LA | $4,968,252 | $161,584 |
Baton Rouge Comtransition & Treat Ctr Baton Rouge, LA | $0 | $690 |
Truth Be Told Austin, TX | $175,272 | $156,887 |
Inside Books Project Austin, TX | $214,327 | $0 |
Byrds Foster Group Home Inc Houston, TX | $0 | $0 |