Etoile Academy Inc
- Assets
- $2.6m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 69
- Location
- Houston, TX
- Founding
- 11/2016
- Data as of
- 06/2022
- EIN
- 81-4291553
Organization Overview
Etoile Academy Inc is located in Houston, TX. The organization was established in 2016. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Etoile Academy Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Etoile Academy 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 06/2022, Etoile Academy Inc generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 56.4% each year . All expenses for the organization totaled $5.2m during the year ending 06/2022. While expenses have increased by 62.7% per year over the past 5 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
ETOILE ACADEMY CHARTER SCHOOL ENSURES THAT EVERY STUDENT IN GRADES K THROUGH 8 HAS THE ACADEMIC AND CHARACTER FOUNDATION NECESSARY TO SUCCEED IN HIGH SCHOOL, GRADUATE FROM COLLEGE AND PURSUE AMBITIOUS LIFE GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ETOILE ACADEMY CHARTER SCHOOL ENSURES THAT EVERY STUDENT IN GRADES 5 THROUGH 8 HAS THE ACADEMIC AND CHARACTER FOUNDATION NECESSARY TO SUCEED IN HIGH SCHOOL, GRADUATE FROM COLLEGE AND PURSUE AMBITIOUS LIFE GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kayleigh Colombero Superintende | OfficerTrustee | 40 | $109,099 |
Ja'milla Lomas Vice Chair | OfficerTrustee | 10 | $0 |
Dr Michelle Bair Chair | OfficerTrustee | 10 | $0 |
Alex Caritis Secretary | OfficerTrustee | 10 | $0 |
Emmanuel Enriquez Board Member | Trustee | 10 | $0 |
Lia Vallone Board Member | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
4mativ Technologies Transportation | 6/29/22 | $181,299 |
Aim Special Educati | 6/29/22 | $155,133 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,909,996 |
| All other contributions, gifts, grants, and similar amounts not included above | $937,009 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,847,005 |
| Total Program Service Revenue | $29,109 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,506 |
| 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 | $5,883,620 |
| 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. | $115,000 |
| Compensation of current officers, directors, key employees. | $115,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,402,025 |
| Pension plan accruals and contributions | $190,792 |
| Other employee benefits | $55,622 |
| Payroll taxes | $35,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,257 |
| Fees for services: Accounting | $12,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,207,396 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $533,935 |
| Travel | $89,221 |
| 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 | $68,374 |
| Insurance | $15,063 |
| All other expenses | $0 |
| Total functional expenses | $5,209,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $944,521 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,044,256 |
| 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 | $37,436 |
| Net Land, buildings, and equipment | $484,989 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $62,606 |
| Total assets | $2,573,808 |
| Accounts payable and accrued expenses | $281,138 |
| 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 | $464,777 |
| Total liabilities | $745,915 |
| Net assets without donor restrictions | $384,326 |
| Net assets with donor restrictions | $1,443,567 |
| 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 | $2,573,808 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Etoile Academy Inc has recieved totaling $775,000.
| Awarding Organization | Amount |
|---|---|
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $325,000 |
Houston Endowment Inc Houston, TX PURPOSE: PROGRAM SUPPORT FOR HOUSTON CHARTER SCHOOL | $250,000 |
Guill Family Foundation Inc Houston, TX PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $75,000 |
Good Reason Houston Inc Houston, TX PURPOSE: District transformation | $70,000 |
Brown Foundation Inc Houston, TX PURPOSE: OPERATING SUPPORT | $50,000 |
Brown Foundation Inc Houston, TX PURPOSE: OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Meridian Corporation Austin, TX | $22,335,966 | $20,374,244 |
Belle Chasse Academy Inc Belle Chasse, LA | $29,416,847 | $17,545,847 |
Village Tech Schools Duncanville, TX | $32,290,922 | $14,785,373 |
Bexar County Performing Arts Center Foundation San Antonio, TX | $183,646,136 | $8,087,390 |
Leading Educators Inc New Orleans, LA | $10,160,201 | $9,461,961 |
Hispanic Association Of Colleges And Universities San Antonio, TX | $14,909,180 | $14,551,149 |
Passages America Israel Inc Allen, TX | $8,997,691 | $7,060,714 |
Extend-A-Care Inc Austin, TX | $4,350,683 | $9,102,758 |
Educate Girls Austin, TX | $42,960,470 | $14,126,525 |
Evolution Acadamy Richardson, TX | $15,542,643 | $6,925,248 |
Oklahoma Public School Resource Center Inc Oklahoma City, OK | $4,660,216 | $8,536,647 |
Prime Time Family Reading New Orleans, LA | $2,481,247 | $6,549,424 |