Palm Tree Academy
- Assets
- $90.0k
- Revenue
- $215.7k
- Investments
- $0.0
- Employees
- 14
- Location
- El Paso, TX
- Founding
- 06/2006
- Data as of
- 06/2022
- EIN
- 83-0392659
Organization Overview
Palm Tree Academy is located in El Paso, TX. The organization was established in 2006. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Palm Tree Academy employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palm Tree 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 06/2022, Palm Tree Academy generated $215.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $199.0k during the year ending 06/2022. While expenses have increased by 0.9% 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
PALM TREE ACADEMY IS COMMITTED TO THE DEVELOPMENT OF THE STUDENT AS A WHOLE AND SEEKS TO PROVIDE STUDENTS WITH ACADEMIC EXCELLENCE AND RELIGIOUS TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A FULL-TIME PRIVATE SCHOOL THAT OFFERS FULL ACADEMICS, ISLAMIC STUDIES, QUAR'ANIC STUDIES, ARABIC, EXTRA-CURRICULAR ACTIVITIES AND EVENTS, STATE & NATIONAL STANDARDIZED TESTING AND PARTICIPATES IN TITLE I, II, AND III FEDERAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nichole C Orozco School Principal | Officer | 40 | $25,276 |
Cecilia Orozco Secretary | OfficerTrustee | 1 | $0 |
Gina Nunez-Mchiri President | OfficerTrustee | 1 | $0 |
Nazmi Alhajasaad School Administrator | OfficerTrustee | 40 | $0 |
Laura Kassim Treasurer | OfficerTrustee | 1 | $0 |
Yehia Ibrahim Board Member | Trustee | 1 | $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 | $121,278 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,278 |
| Total Program Service Revenue | $92,151 |
| 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 | $215,699 |
| 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. | $25,276 |
| Compensation of current officers, directors, key employees. | $2,528 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,749 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,194 |
| 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 | $13,980 |
| Advertising and promotion | $0 |
| Office expenses | $17,354 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,818 |
| Travel | $0 |
| 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 | $3,538 |
| Insurance | $2,439 |
| All other expenses | $1,750 |
| Total functional expenses | $199,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,869 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,456 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,625 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $89,950 |
| Accounts payable and accrued expenses | $8,683 |
| 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 | $0 |
| Total liabilities | $8,683 |
| Net assets without donor restrictions | $81,267 |
| 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 | $89,950 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Palm Tree Academy has recieved totaling $313.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $313 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighbors In Need Of Services Inc Rio Hondo, TX | $6,239,022 | $33,672,509 |
Child Inc Austin, TX | $5,389,599 | $17,643,504 |
Southwest Christian School Inc Fort Worth, TX | $45,808,415 | $19,471,207 |
Southwest Louisiana Charter Academy Foundation Inc Lake Charles, LA | $44,512,602 | $16,859,571 |
Trinity School Of Midland Texas Midland, TX | $27,961,554 | $15,122,842 |
Dallas International School Dallas, TX | $26,054,966 | $13,430,563 |
Tulsa Christian Education Corporation Tulsa, OK | $13,603,997 | $12,564,074 |
Fort Worth Christian School Inc North Richland Hills, TX | $26,990,918 | $13,008,195 |
D Arbonne Woods Charter School Inc Farmerville, LA | $29,772,897 | $12,075,907 |
The New School Fayetteville, AR | $39,755,955 | $6,395,577 |
Success Preparatory Academy New Orleans, LA | $2,439,777 | $7,661,479 |
The Fay School Houston, TX | $22,159,376 | $8,809,137 |