Democracy Prep Texas
- Assets
- $1.9m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 75
- Location
- San Antonio, TX
- Founding
- 09/2019
- Data as of
- 06/2022
- EIN
- 83-0563894
Organization Overview
Democracy Prep Texas is located in San Antonio, TX. The organization was established in 2019. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Democracy Prep Texas employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Democracy Prep Texas 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, Democracy Prep Texas generated $5.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $5.5m during the year ending 06/2022. While expenses have increased by 8.0% per year over the past 4 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
TO EDUCATE RESPONSIBLE CITIZEN-SCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE RESPONSIBLE CITIZEN-SCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Ankamah Burford Board Chair | OfficerTrustee | 2 | $0 |
Dominic Dominguez Board Member | Trustee | 2 | $0 |
Linda Jones Easton Board Member | Trustee | 2 | $0 |
Amanda Onochie Board Member | Trustee | 2 | $0 |
Ben Peavy Board Member | Trustee | 2 | $0 |
Ana Salazar Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,729,865 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,036 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,759,901 |
| Total Program Service Revenue | $0 |
| 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 | $5,759,901 |
| 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. | $112,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,088,830 |
| Pension plan accruals and contributions | $186,200 |
| Other employee benefits | $248,406 |
| Payroll taxes | $46,072 |
| Fees for services: Management | $814,801 |
| Fees for services: Legal | $19,888 |
| Fees for services: Accounting | $9,227 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129,961 |
| Advertising and promotion | $0 |
| Office expenses | $31,509 |
| Information technology | $63,417 |
| Royalties | $0 |
| Occupancy | $111,623 |
| Travel | $3,196 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,343 |
| Interest | $2,846 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,798 |
| Insurance | $52,548 |
| All other expenses | $165,023 |
| Total functional expenses | $5,532,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,056,042 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $862,077 |
| 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 | $21,493 |
| Net Land, buildings, and equipment | $8,992 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,948,604 |
| Accounts payable and accrued expenses | $289,990 |
| 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 | $289,990 |
| Net assets without donor restrictions | $1,657,174 |
| Net assets with donor restrictions | $1,440 |
| 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 | $1,948,604 |