Form 990 for tax year 2023
Filed by FRANK LIU JR ACADEMY FOR MUSIC & ARTS.
Totals
- Total revenue
- $250,000
- Total expenses
- $138,610
- Contributions and grants received
- $250,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $301,556
- Total liabilities, end of year
- $190,166
- Net assets or fund balances, end of year
- $111,390
- Program services expenses (Part IX)
- $120,109
- Management and general expenses
- $18,501
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $120,109
Program services were 86.7% 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
$250,000
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $18,326 · management and general $18,326
-
11g · Fees: other
total $3,500 · program services $3,500
-
13 · Office expenses
total $175 · management and general $175
-
24a · Other expenses: Education consulting
total $68,385 · program services $68,385
-
24b · Other expenses: HR consulting
total $48,224 · program services $48,224
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $51,556
-
3 · Pledges and grants receivable
end of year $250,000
-
17 · Accounts payable and accrued expenses
end of year $10,166
-
24 · Unsecured notes and loans payable
end of year $180,000
-
27 · Net assets without donor restrictions
end of year $111,390
Mission and programs · 2023
Mission
The Frank Liu Jr. Academy for Music & Arts (FLAMA) aims to create a music and art focused school for the youth of Houston. FLAMA's vision rests on six pillars: technical fluency, creative expression, academic rigor, music & art education, nourishment, and family/community.
Activities or mission (Part I)
To create a music and art focused school for the youth of Houston.
-
FLAMA aims to be a Pre-K through 8th grade open-enrollment charter school. We plan to open in the Fall of 2025 for Pre-K through 1st grade and grow a grade each year thereafter. The primary areas served will be Houston's 2nd, 3rd, and 5th Wards. FLAMA is in the process of obtaining an open-enrollment charter from the State of Texas under the Generation 29 and Generation 30 TEA charter application cycles.
Expenses $120,109
As filed on the 2023 return.
Listed in Part VII
-
Anthony Blanco
Chair
- Total calculated
- $0
- Hours/week
- 3
-
Andrea Hauge
Secretary
- Total calculated
- $0
- Hours/week
- 10
-
Eddie Cumbo III
Director
- Total calculated
- $0
- Hours/week
- 3
-
Andrew Davis
Director
- Total calculated
- $0
- Hours/week
- 3
-
Jorge Garza
Director
- Total calculated
- $0
- Hours/week
- 3
-
Matthew Loden
Director
- Total calculated
- $0
- Hours/week
- 3
-
James McSwain
Director
- Total calculated
- $0
- Hours/week
- 3
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
- 2023
- Filed
- 9 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423449349301407
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