Houston Classical Inc
- Assets
- $1.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Houston, TX
- Founding
- 03/2019
- Data as of
- 06/2021
- EIN
- 83-2516896
Organization Overview
Houston Classical Inc is located in Houston, 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 06/2021, Houston Classical Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Classical Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A ROBUST CLASSICAL CURRICULUM STRUCTURED AROUND THE CLASSICAL EDUCATION CONCEPTS OF GRAMMAR, LOGIC, AND RHETORIC; GROUNDED IN GREAT WORKS; AND ORDERED BY THE GREAT IDEAS. OUR CLASSICAL MODEL WILL FOCUS ON LITERACY, DEEP LOVE OF LEARNING, AND VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATING KINDERGARTEN, 1ST AND 2ND GRADE THROUGH A CLASSICAL APPROACH, RIGOROUS ACADEMICS, CHARACTER DEVELOPMENT, AND A STRUCTURED ENVIRONMENT. THE SCHOOL PLANS TO EXPAND ONE GRADE EVERY YEAR TO EVENTUALLY GROW TO K THROUGH 8TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deyvis R Salazar CEO | Officer | 50 | $71,250 |
Mandi R Lovett Operations Manager | Officer | 50 | $37,061 |
Fred Barrera Board Member | Trustee | 2 | $0 |
Adrienne Amin Board Member | Trustee | 2 | $0 |
Maria Montes Board Member | Trustee | 2 | $0 |
Aaron Dominguez Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $684,491 |
| All other contributions, gifts, grants, and similar amounts not included above | $872,823 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,557,314 |
| Total Program Service Revenue | $548,414 |
| 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 | $2,105,728 |
| 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. | $146,883 |
| Compensation of current officers, directors, key employees. | $31,006 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $168,948 |
| Pension plan accruals and contributions | $13,668 |
| Other employee benefits | $8,812 |
| Payroll taxes | $3,676 |
| 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 | $83,445 |
| Advertising and promotion | $61,820 |
| Office expenses | $46,128 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $259,737 |
| Travel | $295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $211 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,479 |
| Insurance | $6,855 |
| All other expenses | $0 |
| Total functional expenses | $1,337,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $351,820 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250,161 |
| 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 | $26,775 |
| Net Land, buildings, and equipment | $254,715 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $184,065 |
| Total assets | $1,067,536 |
| Accounts payable and accrued expenses | $16,339 |
| 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 | $16,339 |
| Net assets without donor restrictions | $955,220 |
| Net assets with donor restrictions | $95,977 |
| 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 | $1,067,536 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Houston Classical Inc has recieved totaling $207,010.
| Awarding Organization | Amount |
|---|---|
Houston Endowment Inc Houston, TX PURPOSE: PROGRAM SUPPORT FOR HOUSTON CHARTER SCHOOL | $100,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $60,000 |
Brown Foundation Inc Houston, TX PURPOSE: OPERATING SUPPORT | $40,000 |
Brown Foundation Inc Houston, TX PURPOSE: OPERATING SUPPORT | $5,000 |
Brown Foundation Inc Houston, TX PURPOSE: OPERATING SUPPORT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Academies Of Arkansas Inc North Little Rock, AR | $582,799 | $18,301,867 |
New Beginnings School Foundation New Orleans, LA | $1,802,768 | $18,016,749 |
Hynes Charter School Corporation New Orleans, LA | $8,219,375 | $19,932,415 |
Legacy21 Inc Mesquite, TX | $40,270,776 | $19,212,915 |
International Academy Williamson County Round Rock, TX | $33,542,303 | $17,313,740 |
South Louisiana Charter Foundation Inc Baton Rouge, LA | $21,098,630 | $17,110,169 |
Morris Jeff Community School New Orleans, LA | $5,535,424 | $16,539,603 |
Young Audiences Charter Association Gretna, LA | $6,537,878 | $17,122,666 |
New Orleans Military And Maritime Academy Inc New Orleans, LA | $24,580,982 | $15,429,354 |
Shreveport Charter Schools Inc Shreveport, LA | $6,808,149 | $15,366,489 |
Warren Easton Sr High School Foundation Inc New Orleans, LA | $11,574,185 | $12,571,642 |
The Friends Of King School New Orleans, LA | $5,901,929 | $9,680,665 |