Etoile Academy Inc
- Assets
- $16.5m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 112
- Location
- Houston, TX
- Founding
- 11/2016
- Data as of
- 06/2023
- 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 06/2023, Etoile Academy Inc employed 112 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 06/2023, Etoile Academy Inc generated $11.6m in total revenue. All expenses for the organization totaled $8.9m during the year ending 06/2023. While expenses have increased by 80.9% 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
2023
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 |
|---|---|---|---|
Grant Berg Board Member | Trustee | 10 | $0 |
Emmanuel Enriquez Board Member | Trustee | 10 | $0 |
Dr Michelle Bair Chair | OfficerTrustee | 10 | $0 |
Lia Vallone Board Member | Trustee | 10 | $0 |
Noor Iqbal Board Member | Trustee | 10 | $0 |
Kayleigh Colombero Superintende | OfficerTrustee | 40 | $138,089 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
4mativ Technologies Transportation | 6/29/23 | $287,110 |
Heytutor Tutoring | 6/29/23 | $144,647 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,286,462 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,218,052 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,504,514 |
| Total Program Service Revenue | $132,828 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $100 |
| 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 | $11,637,442 |
| 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. | $175,959 |
| Compensation of current officers, directors, key employees. | $175,959 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,515,511 |
| Pension plan accruals and contributions | $350,959 |
| Other employee benefits | $166,766 |
| Payroll taxes | $102,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,282 |
| 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 | $1,843,549 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $758,489 |
| Travel | $69,311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,231 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,529 |
| Insurance | $72,649 |
| All other expenses | $0 |
| Total functional expenses | $8,859,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,063,818 |
| Savings and temporary cash investments | $1,159,270 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,130,673 |
| 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 | $30,502 |
| Net Land, buildings, and equipment | $8,521,745 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,628,096 |
| Total assets | $16,534,104 |
| Accounts payable and accrued expenses | $1,138,849 |
| Grants payable | $0 |
| Deferred revenue | $70,338 |
| 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 | $8,055,437 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,663,465 |
| Total liabilities | $11,928,089 |
| Net assets without donor restrictions | $484,805 |
| Net assets with donor restrictions | $4,121,210 |
| 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 | $16,534,104 |