Harmony Public Schools
- Assets
- $1.0b
- Revenue
- $548.9m
- Investments
- $0.0
- Employees
- 6,256
- Location
- Houston, TX
- Founding
- 05/2000
- Data as of
- 06/2023
- EIN
- 76-0615245
Organization Overview
Harmony Public Schools is located in Houston, TX. The organization was established in 2000. 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 06/2023, Harmony Public Schools employed 6,256 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harmony Public Schools 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 06/2023, Harmony Public Schools generated $548.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $522.1m during the year ending 06/2023. While expenses have increased by 7.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HARMONY PUBLIC SCHOOLS PREPARES EACH AND EVERY STUDENT FOR COLLEGE AND CAREER BY PROVIDING A SAFE, CARING AND COLLABORATIVE ATMOSPHERE AND A QUALITY STUDENT-CENTERED EDUCATIONAL PROGRAM WITH A STRONG EMPHASIS ON SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING AND DEVELOPING CHARTER SCHOOLS TO PROVIDE A SAFE, CARING AND COLLABORATIVE ATMOSPHERE WITHIN A STUDENT-CENTERED EDUCATIONAL PROGRAM WITH A STRONG EMPHASIS ON SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS IN ORDER TO PREPARE STUDENTS FOR HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Hakduran Koc Board Secretary | OfficerTrustee | 2 | $0 |
Helen Sherwood Second Vice Chair | OfficerTrustee | 2 | $0 |
Dr Osman Kanlioglu Board Treasurer | OfficerTrustee | 2 | $0 |
Laura Gonzalez Board Member | Trustee | 2 | $0 |
Homer Stewart Vice Chair - Partial | OfficerTrustee | 2 | $0 |
Dr Oner Celepcikay Board Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Divisionone Construction Llc Construction | 6/29/23 | $18,029,893 |
Aztec Contractors Inc Construction | 6/29/23 | $10,976,456 |
Hps-central Administration Office Central Office Services | 6/29/23 | $14,027,862 |
Paradigm Construction | 6/29/23 | $11,790,500 |
Heritage Charter Construction | 6/29/23 | $8,144,940 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $523,993,713 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,175,731 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $535,169,444 |
| Total Program Service Revenue | $10,533,314 |
| Investment income | $3,250,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,330 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $548,949,291 |
| 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. | $2,817,704 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $309,542,442 |
| Pension plan accruals and contributions | $21,219,395 |
| Other employee benefits | $16,899,467 |
| Payroll taxes | $4,694,316 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $886,841 |
| Fees for services: Accounting | $102,571 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,694,910 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,299,374 |
| Travel | $2,746,365 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,449,447 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,311,370 |
| Insurance | $2,886,063 |
| All other expenses | $0 |
| Total functional expenses | $522,072,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,213,318 |
| Savings and temporary cash investments | $100,711,879 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,779,176 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,900,536 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,169,338 |
| Net Land, buildings, and equipment | $697,780,047 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $274,709 |
| Total assets | $1,014,829,003 |
| Accounts payable and accrued expenses | $87,304,196 |
| Grants payable | $0 |
| Deferred revenue | $243,649 |
| Tax-exempt bond liabilities | $528,310,587 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $107,719,040 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $120,940,868 |
| Total liabilities | $844,518,340 |
| Net assets without donor restrictions | $63,760,283 |
| Net assets with donor restrictions | $106,550,380 |
| 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 | $1,014,829,003 |