Skip to content
Nonprofiteer
← THIRD FUTURE SCHOOLS-TEXAS

Form 990 for tax year 2022

Filed by THIRD FUTURE SCHOOLS-TEXAS.

Totals

Total revenue
$24,644,724
Total expenses
$25,877,900
Contributions and grants received
$18,508
Grants paid
$0
Program service revenue
$24,626,216
Investment income
$0
Other revenue
$0
Total assets, end of year
$9,056,239
Total liabilities, end of year
$11,741,850
Net assets or fund balances, end of year
-$2,685,611
Program services expenses (Part IX)
$13,268,544
Management and general expenses
$12,609,356
Fundraising expenses
$0
Program service expenses (Part III)
$13,268,544

Program services were 51.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $18,508

  • 2a · Program service revenue: PER PUPIL REVENUE

    total $24,626,216 · related or exempt $24,626,216

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $14,656,497 · program services $11,662,052 · management and general $2,994,445

  • 9 · Other employee benefits

    total $2,007,036 · program services $1,606,492 · management and general $400,544

  • 11a · Fees: management

    total $1,512,435 · management and general $1,512,435

  • 13 · Office expenses

    total $7,101,292 · management and general $7,101,292

  • 16 · Occupancy

    total $305,270 · management and general $305,270

  • 20 · Interest

    total $11,468 · management and general $11,468

  • 22 · Depreciation, depletion and amortization

    total $283,902 · management and general $283,902

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $273,086 · end of year $115,984

  • 3 · Pledges and grants receivable

    beginning of year $443,640 · end of year $153,341

  • 9 · Prepaid expenses and deferred charges

    beginning of year $113,540 · end of year $113,541

  • 10a · Land, buildings and equipment: cost or other basis

    $851,705

  • 10b · Land, buildings and equipment: accumulated depreciation

    $283,902

  • 10c · Land, buildings and equipment, net

    end of year $567,803

  • 15 · Other assets

    end of year $8,105,570

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,282,701 · end of year $10,615,258

  • 25 · Other liabilities

    end of year $1,126,592

  • 27 · Net assets without donor restrictions

    beginning of year -$1,452,435 · end of year -$2,685,611

Mission and programs · 2022

Mission

THE CHARTER SCHOOL IS A MODEL FOR THE NEXT GENERATION OF SCHOOLS, WORKING TO PREPARE STUDENTS, ESPECIALLY POOR AND MINORITY STUDENTS FOR THE WORKPLACE AND COLLEGE.

Activities or mission (Part I)

THE COLLEGE PREPARATORY MODEL INSTILLS THE EXPECTATION FROM THE FIRST DAY ON CAMPUS THAT EVERY STUDENT WILL GO TO COLLEGE. COLLEGE PREP CLASSROOM INSTRUCTION IS ENHANCED BY EXPOSURE TO UNIVERSITY CAMPUSES AND CONFIDENCE-BUILDING EXPERIENCES THAT PREPARE PARENT AND STUDENT EXPECTATIONS OF COLLEGE. AT HOUSTON, WE UTILIZE A PERSONALIZED LEARNING MODEL. CAMPUSES IN OUR NETWORK (THIRD FUTURE SCHOOLS) AVERAGE TWO YEARS GROWTH IN ONE YEAR OF TEACHING.

  • THROUGH THE TRANSFORMATION OF SAM HOUSTON, MIDLAND ISD HAS CREATED A DYNAMIC COLLEGIATE PATHWAY FOR STUDENTS IN OUR COMMUNITY STARTING AS YOUNG AS PREKINDERGARTEN. THE COLLEGE PREPARATORY MODEL INSTILLS THE EXPECTATION FROM THE FIRST DAY ON CAMPUS THAT EVERY STUDENT WILL GO TO COLLEGE. COLLEGE PREP CLASSROOM INSTRUCTION IS ENHANCED BY EXPOSURE TO UNIVERSITY CAMPUSES AND CONFIDENCE-BUILDING EXPERIENCES THAT PREPARE PARENT AND STUDENT EXPECTATIONS OF COLLEGE. AT HOUSTON, WE UTILIZE A PERSONALIZED LEARNING MODEL. CAMPUSES IN OUR NETWORK (THIRD FUTURE SCHOOLS) AVERAGE TWO YEARS GROWTH IN ONE YEAR OF TEACHING.

    Expenses $13,268,544

As filed on the 2022 return.

Listed in Part VII

  • Conrad Coleman

    PRESIDENT

    Total calculated
    $0

  • Kerri Holt

    DIRECTOR OF

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
9 January 2024
IRS schema version
2022v5.0
Source object
202420169349303067

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.