East Texas Advanced Academies
- Assets
- $1.1m
- Revenue
- $36.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Longview, TX
- Founding
- Data as of
- 08/2023
- EIN
- 83-0920571
Organization Overview
East Texas Advanced Academies is located in Longview, TX. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 08/2023, East Texas Advanced Academies employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Texas Advanced Academies 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 08/2023, East Texas Advanced Academies generated $36.4m in total revenue. All expenses for the organization totaled $36.7m during the year ending 08/2023. While expenses have increased by 90.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AND MANAGE IN-DISTRICT CHARTER CAMPUSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF SIX IN-DISTRICT CHARTER CAMPUSES WITHIN LONGVIEW INDEPENDENT SCHOOL DISTRICT TO ACHIEVE AND IMPROVE STUDENT OUTCOMES AS OUTLINED IN THE PERFORMANCE AGREEMENT
OPERATION OF SIX IN-DISTRICT CHARTER CAMPUSES WITHIN LONGVIEW INDEPENDENT SCHOOL DISTRICT TO ACHIEVE AND IMPROVE STUDENT OUTCOMES AS OUTLINED IN THE PERFORMANCE AGREEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judson Murray President | OfficerTrustee | 0.3 | $0 |
Ladarian Brown Secretary | OfficerTrustee | 0.3 | $0 |
Dr Selwyn Willis Director | Trustee | 0.3 | $0 |
Dr Brian Ziemer CEO - Starting 7/2023 & CFO | Officer | 40 | $118,354 |
James Brewer Interim CEO - Thru 6/2023 | Officer | 20 | $83,333 |
Judson Murray President | OfficerTrustee | 0.3 | $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 | $12,143 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,143 |
| Total Program Service Revenue | $36,400,250 |
| 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 | $36,412,393 |
| 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. | $303,716 |
| Compensation of current officers, directors, key employees. | $151,992 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,283 |
| Pension plan accruals and contributions | $16,542 |
| Other employee benefits | -$40 |
| Payroll taxes | $976 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,113 |
| Fees for services: Accounting | $27,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $726 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,076 |
| 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 | $0 |
| Insurance | $28,201 |
| All other expenses | $605 |
| Total functional expenses | $36,728,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,119,397 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,917 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,123,314 |
| Accounts payable and accrued expenses | $1,482,964 |
| 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 | $1,482,964 |
| Net assets without donor restrictions | -$359,650 |
| 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 | $1,123,314 |