Foundation For Recovering Youth Inc
- Assets
- $3.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 27
- Location
- Houston, TX
- Founding
- 04/1999
- Data as of
- 08/2022
- EIN
- 76-0584154
Organization Overview
Foundation For Recovering Youth Inc is located in Houston, TX. The organization was established in 1999. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 08/2022, Foundation For Recovering Youth Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Recovering Youth 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, Foundation For Recovering Youth Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $2.4m during the year ending 08/2022. While expenses have increased by 1.7% 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
PROVIDE PUBLIC EDUCATION AS A TEXAS CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES AN ALTERNATIVE TO PUBLIC SCHOOL EDUCATION BY OFFERING FREE EDUCATION TO CHILDREN GRADES 7-12. FOR THE YEAR ENDED 8/31/22, APPROX 325 STUDENTS ATTENDED CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Mccready Superintende | Officer | 40 | $86,588 |
Aaron Jacks Business Adm | Officer | 40 | $83,838 |
Robert Guercio President | Officer | 2 | $0 |
Clifton Mcderby Secretary/tr | Trustee | 2 | $0 |
Connie Singleton Vice Preside | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,429,117 |
| Investment income | $2,163 |
| 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 | $2,431,280 |
| 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. | $170,426 |
| Compensation of current officers, directors, key employees. | $55,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,144,794 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $73,928 |
| Payroll taxes | $99,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,700 |
| 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 | $412,033 |
| Travel | $14,588 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,604 |
| Insurance | $26,973 |
| All other expenses | $14,593 |
| Total functional expenses | $2,418,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,447,414 |
| Savings and temporary cash investments | $422,228 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,368 |
| 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 | $44,942 |
| Net Land, buildings, and equipment | $58,743 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,182,783 |
| Total assets | $3,220,478 |
| Accounts payable and accrued expenses | $53,027 |
| Grants payable | $0 |
| 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 | $0 |
| Other liabilities | $1,182,783 |
| Total liabilities | $1,235,810 |
| Net assets without donor restrictions | $185,593 |
| Net assets with donor restrictions | $1,799,075 |
| 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 | $3,220,478 |
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Marine Military Academy Inc Harlingen, TX | $47,303,872 | $14,319,783 |
South Texas Educational Technologies Inc Weslaco, TX | $17,267,724 | $15,758,985 |
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Bosque School Albuquerque, NM | $33,698,643 | $13,258,557 |
The Academy Fayetteville, AR | $10,084,024 | $11,745,768 |
Winfree Academy Charter School Carrollton, TX | $12,943,663 | $11,352,122 |