Totals
- Total revenue
- $11,923,038
- Total expenses
- $11,879,482
- Contributions and grants received
- $426,626
- Grants paid
- $597,479
- Program service revenue
- $11,242,142
- Investment income
- $109,700
- Other revenue
- $144,570
- Total assets, end of year
- $15,066,117
- Total liabilities, end of year
- $2,120,831
- Net assets or fund balances, end of year
- $12,945,286
- Program services expenses (Part IX)
- $9,413,488
- Management and general expenses
- $2,204,005
- Fundraising expenses
- $261,989
- Program service expenses (Part III)
- $9,413,488
Program services were 79.2% 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
$426,626
-
2a · Program service revenue: TUITION & FEES
total $10,644,118 · related or exempt $10,644,118
-
2b · Program service revenue: AFTER SCHOOL CARE
total $301,959 · related or exempt $301,959
-
2c · Program service revenue: STUDENT ACTIVITIES
total $296,065 · related or exempt $296,065
-
3 · Investment income
total $109,700 · excluded $109,700
-
5 · Royalties
total $19,581 · excluded $19,581
-
8a · Fundraising events: gross income
$78,186
-
8b · Fundraising events: direct expenses
$31,448
-
8c · Net income from fundraising events
total $46,738 · excluded $46,738
-
11a · Other revenue: MISCELLANEOUS INCOME
total $49,193 · excluded $49,193
-
11b · Other revenue: INSURANCE PROCEEDS
total $29,058 · excluded $29,058
-
11e · Other revenue, total
$78,251
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $597,479 · program services $597,479
-
5 · Compensation of officers, directors and key employees
total $447,083 · program services $342,691 · management and general $99,609 · fundraising $4,783
-
7 · Other salaries and wages
total $5,794,859 · program services $4,442,120 · management and general $1,290,752 · fundraising $61,987
-
9 · Other employee benefits
total $1,645,884 · program services $1,259,785 · management and general $368,406 · fundraising $17,693
-
10 · Payroll taxes
total $480,534 · program services $367,809 · management and general $107,560 · fundraising $5,165
-
11g · Fees: other
total $184,490 · program services $73,981 · management and general $33,153 · fundraising $77,356
-
12 · Advertising and promotion
total $32,149 · management and general $19,273 · fundraising $12,876
-
13 · Office expenses
total $139,505 · program services $7,336 · management and general $68,399 · fundraising $63,770
-
16 · Occupancy
total $152,313 · program services $144,697 · management and general $7,616
-
17 · Travel
total $24,634 · program services $23,425 · management and general $1,209
-
19 · Conferences, conventions and meetings
total $76,763 · program services $62,600 · management and general $14,163
-
20 · Interest
total $18,389 · management and general $18,389
-
22 · Depreciation, depletion and amortization
total $586,676 · program services $561,106 · management and general $25,570
-
23 · Insurance
total $104,661 · program services $99,428 · management and general $5,233
-
24a · Other expenses: STUDENT ACTIV. & SUPP.
total $1,053,102 · program services $1,037,750 · management and general $7,908 · fundraising $7,444
-
24b · Other expenses: BUILDING & GROUNDS
total $236,914 · program services $221,134 · management and general $15,780
-
24c · Other expenses: TELEPHONE, PAGING, MISC
total $199,044 · program services $172,147 · management and general $15,982 · fundraising $10,915
-
24d · Other expenses: CAMPUS PLANNING
total $105,003 · management and general $105,003
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,284,554 · end of year $958,541
-
2 · Savings and temporary cash investments
beginning of year $4,363,828 · end of year $4,942,788
-
3 · Pledges and grants receivable
beginning of year $14,675 · end of year $25,312
-
4 · Accounts receivable
beginning of year $282,293 · end of year $283,833
-
9 · Prepaid expenses and deferred charges
beginning of year $24,781 · end of year $57,470
-
10a · Land, buildings and equipment: cost or other basis
$13,843,759
-
10b · Land, buildings and equipment: accumulated depreciation
$6,899,603
-
10c · Land, buildings and equipment, net
beginning of year $7,123,331 · end of year $6,944,156
-
12 · Investments: other securities
beginning of year $1,187,096 · end of year $1,181,798
-
15 · Other assets
beginning of year $447,732 · end of year $672,219
-
17 · Accounts payable and accrued expenses
beginning of year $721,051 · end of year $778,911
-
19 · Deferred revenue
beginning of year $890,986 · end of year $945,871
-
23 · Secured mortgages and notes payable
beginning of year $189,078 · end of year $150,130
-
25 · Other liabilities
beginning of year $12,997 · end of year $245,919
-
27 · Net assets without donor restrictions
beginning of year $11,961,797 · end of year $11,980,617
-
28 · Net assets with donor restrictions
beginning of year $952,381 · end of year $964,669
Mission and programs · 2022
Mission
PROVIDE AN ACCELERATED AND ENRICHED COLLEGE-PREPARATORY EDUCATION FOR STUDENTS IN GRADES K-12. PROVIDE PRE-K EDUCATIONAL SERVICE FOR 3 AND 4 YEAR-OLD CHILDREN.
Activities or mission (Part I)
EDUCATIONAL
-
PROVIDED AN ACCELERATED AND ENRICHED COLLEGE-PREPARATORY EDUCATION FOR APPROXIMATELY 435 STUDENTS OF ABOVE AVERAGE ACADEMIC ABILITY AND MOTIVATION IN GRADES K-12. PROVIDE PRE-K EDUCATIONAL SERVICE TO APPROXIMATELY 65 THREE AND FOUR YEAR-OLD CHILDREN.
Expenses $9,413,488 · Grants $597,479 · Revenue $11,242,142
As filed on the 2022 return.
Listed in Part VII
-
Ramon FloresRAMON FLORES
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Vistoria ShumVISTORIA SHUM
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Annie KizilbashANNIE KIZILBASH
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Carla KatselnikCARLA KATSELNIK
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tracey SmithTRACEY SMITH
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Zina WormleyZINA WORMLEY
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Tim VuTIM VU
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Laura O'DonnellLAURA O'DONNELL
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
George PedrazaGEORGE PEDRAZA
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Aurelio PrifiteraAURELIO PRIFITERA
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rose ParhamROSE PARHAM
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sakshi MalhotraSAKSHI MALHOTRA
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gurpaul SinghGURPAUL SINGH
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kumar ReddyKUMAR REDDY
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Wasif LatifWASIF LATIF
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Michael FischerMICHAEL FISCHER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Harold ZuflachtHAROLD ZUFLACHT
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
William B HandmakerWILLIAM B HANDMAKER
HEAD OF SCHOOL
- Total calculated
- $293,573
- From this org
- $285,772
- From related orgs
- $0
- Other
- $7,801
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $285,772
- Bonus
- $0
- Other
- $0
- Deferred
- $7,801
- Nontaxable benefits
- $0
- Filer's total
- $293,573
-
Michael FlynnMICHAEL FLYNN
CFO
- Total calculated
- $170,338
- From this org
- $156,059
- From related orgs
- $0
- Other
- $14,279
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $125,859
- Bonus
- $30,200
- Other
- $0
- Deferred
- $14,279
- Nontaxable benefits
- $0
- Filer's total
- $170,338
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · SUPPORTING ORGANIZATION TO KEYSTONE SCHOOL · TX
-
501(C)(9) · VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION (VEBA) · TX
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441039349301609
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