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Nonprofiteer
← EL PASO EDUCATION INITIATIVE INC

Form 990 for tax year 2023

Filed by EL PASO EDUCATION INITIATIVE INC.

Totals

Total revenue
$25,595,771
Total expenses
$20,942,110
Contributions and grants received
$57,000
Grants paid
$0
Program service revenue
$25,296,308
Investment income
$242,463
Other revenue
$0
Total assets, end of year
$42,963,626
Total liabilities, end of year
$21,979,931
Net assets or fund balances, end of year
$20,983,695
Program services expenses (Part IX)
$18,961,507
Management and general expenses
$1,980,603
Fundraising expenses
$0
Program service expenses (Part III)
$18,961,507

Program services were 90.5% 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.

  • 1f · All other contributions, gifts and grants

    $57,000

  • 2a · Program service revenue: TEA REVENUE

    total $19,799,342 · related or exempt $19,799,342

  • 2b · Program service revenue: FEDERAL REVENUE

    total $2,782,945 · related or exempt $2,782,945

  • 2c · Program service revenue: STATE REVENUE

    total $1,987,936 · related or exempt $1,987,936

  • 2d · Program service revenue: LOCAL REVENUE

    total $647,378 · related or exempt $647,378

  • 2e · Program service revenue: FOOD SERVICE REVENUE

    total $78,707 · related or exempt $78,707

  • 3 · Investment income

    total $242,463 · related or exempt $242,463

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $368,512 · program services $41,836 · management and general $326,676

  • 7 · Other salaries and wages

    total $10,758,846 · program services $10,285,003 · management and general $473,843

  • 9 · Other employee benefits

    total $1,676,383 · program services $1,570,504 · management and general $105,879

  • 10 · Payroll taxes

    total $180,498 · program services $168,744 · management and general $11,754

  • 11b · Fees: legal

    total $22,626 · management and general $22,626

  • 11c · Fees: accounting

    total $78,250 · management and general $78,250

  • 16 · Occupancy

    total $832,619 · program services $832,619

  • 17 · Travel

    total $281,799 · program services $243,765 · management and general $38,034

  • 20 · Interest

    total $551,085 · management and general $551,085

  • 22 · Depreciation, depletion and amortization

    total $727,441 · program services $755,232 · management and general -$27,791

  • 23 · Insurance

    total $188,141 · program services $178,734 · management and general $9,407

  • 24a · Other expenses: MISCELLANEOUS CONTRACTE

    total $1,735,002 · program services $1,655,415 · management and general $79,587

  • 24b · Other expenses: FOOD SERVICE

    total $842,663 · program services $842,663

  • 24c · Other expenses: UTILITIES

    total $608,448 · program services $578,026 · management and general $30,422

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $577,130 · program services $577,130

  • 24e · All other expenses

    total $1,512,667 · program services $1,231,836 · management and general $280,831

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $997,282 · end of year $5,048,969

  • 3 · Pledges and grants receivable

    beginning of year $2,818,365 · end of year $2,973,593

  • 4 · Accounts receivable

    beginning of year $1,885 · end of year $5,578

  • 8 · Inventories for sale or use

    beginning of year $19,391 · end of year $16,666

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

    $40,368,700

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

    $6,394,338

  • 10c · Land, buildings and equipment, net

    beginning of year $25,238,622 · end of year $33,974,362

  • 11 · Investments: publicly traded securities

    beginning of year $7,660,606 · end of year $944,458

  • 17 · Accounts payable and accrued expenses

    beginning of year $211,988 · end of year $80,624

  • 20 · Tax-exempt bond liabilities

    beginning of year $19,869,251 · end of year $19,451,461

  • 25 · Other liabilities

    beginning of year $324,878 · end of year $2,447,846

  • 27 · Net assets without donor restrictions

    beginning of year $1,069,868 · end of year $1,278,214

  • 28 · Net assets with donor restrictions

    beginning of year $15,260,166 · end of year $19,705,481

Mission and programs · 2023

Mission

THE PURPOSE OF THE ORGANIZATION IS TO DEVELOP AND FACILITATE THE IMPLEMENTATION OF GOALS AND PROGRAMS THAT WILL ENHANCE EDUCATIONAL OPPORTUNITIES.

Activities or mission (Part I)

TO DEVELOP AND FACILITATE THE IMPLEMENTATION OF GOALS AND PROGRAMS THAT WILL ENHANCE EDUCATIONAL OPPORTUNITIES.

  • EL PASO EDUCATION INITIATIVE, INC. IS AN OPEN ENROLLMENT CHARTER SCHOOL WITH AN AVERAGE DAILY ATTENDANCE OF 1,767 STUDENTS IN GRADES K-12.

    Expenses $18,961,507 · Revenue $25,538,771

As filed on the 2023 return.

Listed in Part VII

  • Rogelio Chacon

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Stanley Esparza

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carlos Kaplan

    BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Eric Summer

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Pedro Velazco

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joe Gonzales

    SUPERINTENDENT

    Total calculated
    $160,400
    From this org
    $160,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,400
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $160,400

  • Joyce Wong

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Taylor Rucker

    ASST. SUPERINTENDENT

    Total calculated
    $121,833
    From this org
    $121,833
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Galaxie Rodgriguez

    CHIEF FINANCIAL OFFICER

    Total calculated
    $86,279
    From this org
    $86,279
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
12 February 2025
IRS schema version
2023v6.0
Source object
202500629349302000

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