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Nonprofiteer
← JUBILEE ACADEMIC CENTER INC

Form 990 for tax year 2023

Filed by JUBILEE ACADEMIC CENTER INC.

Totals

Total revenue
$93,977,861
Total expenses
$94,364,142
Contributions and grants received
$90,267,876
Grants paid
$0
Program service revenue
$1,856,827
Investment income
$1,787,622
Other revenue
$65,536
Total assets, end of year
$186,028,017
Total liabilities, end of year
$159,165,229
Net assets or fund balances, end of year
$26,862,788
Program services expenses (Part IX)
$64,496,481
Management and general expenses
$29,867,661
Fundraising expenses
$0
Program service expenses (Part III)
$64,496,481

Program services were 68.3% 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)

    $90,120,431

  • 1f · All other contributions, gifts and grants

    $147,445

  • 2a · Program service revenue: Food Service

    total $142,500 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Program Revenue

    total $1,545,164 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Tuition

    total $28,046 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: SB 24 Indirect Revenue

    total $141,117 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,787,622 · unrelated business $0 · excluded $1,787,622

  • 6a · Gross rents

    personal property $35,683

  • 6c · Rental income or loss

    personal property $35,683

  • 6d · Net rental income or loss

    total $35,683 · related or exempt $35,683

  • 11d · All other revenue

    total $29,853 · related or exempt $0 · unrelated business $0 · excluded $29,853

  • 11e · Other revenue, total

    $29,853

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,859,816 · program services $1,289,650 · management and general $570,166 · fundraising $0

  • 7 · Other salaries and wages

    total $52,249,135 · program services $42,927,591 · management and general $9,321,544 · fundraising $0

  • 8 · Pension plan contributions

    total $3,188,323 · program services $2,679,524 · management and general $508,799 · fundraising $0

  • 9 · Other employee benefits

    total $3,544,079 · program services $2,910,266 · management and general $633,813 · fundraising $0

  • 10 · Payroll taxes

    total $754,167 · program services $624,061 · management and general $130,106 · fundraising $0

  • 11b · Fees: legal

    total $182,232 · program services $0 · management and general $182,232 · fundraising $0

  • 11c · Fees: accounting

    total $90,750 · program services $0 · management and general $90,750 · fundraising $0

  • 12 · Advertising and promotion

    total $4,300 · program services $4,300 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $447,027 · program services $22,236 · management and general $424,791 · fundraising $0

  • 14 · Information technology

    total $2,705,769 · program services $2,240,416 · management and general $465,353 · fundraising $0

  • 16 · Occupancy

    total $2,268,418 · program services $14,226 · management and general $2,254,192 · fundraising $0

  • 17 · Travel

    total $688,172 · program services $489,656 · management and general $198,516 · fundraising $0

  • 20 · Interest

    total $5,752,774 · program services $0 · management and general $5,752,774 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $4,948,806 · program services $638,739 · management and general $4,310,067 · fundraising $0

  • 23 · Insurance

    total $910,613 · program services $5,688 · management and general $904,925 · fundraising $0

  • 24a · Other expenses: Classroom Materials & Supplies

    total $2,726,395 · program services $2,651,970 · management and general $74,425 · fundraising $0

  • 24b · Other expenses: Student Activities

    total $613,848 · program services $613,848 · management and general $0 · fundraising $0

  • 24c · Other expenses: Other Contracted Services

    total $3,908,314 · program services $1,982,839 · management and general $1,925,475 · fundraising $0

  • 24d · Other expenses: Food

    total $2,418,384 · program services $2,418,384 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $5,102,820 · program services $2,983,087 · management and general $2,119,733 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $22,607,727 · end of year $26,997,466

  • 3 · Pledges and grants receivable

    beginning of year $16,201,942 · end of year $15,514,986

  • 4 · Accounts receivable

    beginning of year $2,511,636 · end of year $1,712,538

  • 9 · Prepaid expenses and deferred charges

    beginning of year $181,535 · end of year $212,220

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

    $138,990,715

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

    $25,838,398

  • 10c · Land, buildings and equipment, net

    beginning of year $115,034,173 · end of year $113,152,317

  • 15 · Other assets

    beginning of year $29,728,704 · end of year $28,438,490

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,743,087 · end of year $7,715,727

  • 23 · Secured mortgages and notes payable

    beginning of year $133,059,856 · end of year $130,883,368

  • 25 · Other liabilities

    beginning of year $20,593,693 · end of year $20,566,134

  • 27 · Net assets without donor restrictions

    beginning of year $8,731,843 · end of year $16,137,238

  • 28 · Net assets with donor restrictions

    beginning of year $16,137,238 · end of year $10,725,550

Mission and programs · 2023

Mission

Jubilee Academies is a rapidly growing open-enrollment charter school based in San Antonio, Texas. We serve students from Pre-(K)4 through 12th grade.We are committed to the goal of excellence in education for all students. Our campuses provide a safe and structured community focused on leadership, academics and a balance of mind and body for lifetime success.

Activities or mission (Part I)

Jubilee Academies, a free public charter school district began in January 2000 with 60 students in San Antonio, Texas. Current Texas geographic boundaries include: Brownsville,Harlingen,Kingsville,San Antonio,Austin. Jubilee serves nearly 6,000 students at 12 sites within its boundaries.

  • Jubilee Academies is a rapidly growing open-enrollment charter school based in San Antonio, Texas. We serve students from Pre-(K)4 through 12th grade.We are committed to the goal of excellence in education for all students. Our campuses provide a safe and structured community focused on leadership, academics and a balance of mind and body for lifetime success. Jubilee serves nearly 6,000 students at 12 sites within its boundaries. Current geographic boundaries include: Rio Grande Valley - Brownsville, Harlingen, Coastal Bend - Kingsville, South Central - San Antonio and Central Texas - Austin (Wells Branch).

    Expenses $64,496,481 · Revenue $1,856,827

As filed on the 2023 return.

Listed in Part VII

  • Thomas J Kroger

    Board Chairman/Chief Executive Officer

    Total calculated
    $201,529
    From this org
    $201,029
    From related orgs
    $0
    Other
    $500
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $201,029
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $500
    Filer's total
    $201,529

  • Zach Lutz

    Vice-Chairman

    Total calculated
    $0
    Hours/week
    5

  • Gloria Glover

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Sherilyn West

    Member

    Total calculated
    $0
    Hours/week
    5

  • Tommy Thompson

    Member

    Total calculated
    $0
    Hours/week
    5

  • Ignacio Perez

    Member

    Total calculated
    $0
    Hours/week
    5

  • Janie Perez

    Member

    Total calculated
    $0
    Hours/week
    5

  • Kevin L Phillips

    Superintendent

    Total calculated
    $200,052
    From this org
    $190,033
    From related orgs
    $0
    Other
    $10,019
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,033
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,019
    Filer's total
    $200,052

  • Rene Gallegos

    Chief Financial Officer

    Total calculated
    $186,882
    From this org
    $179,104
    From related orgs
    $0
    Other
    $7,778
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,104
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,778
    Filer's total
    $186,882

  • David Cofer

    Executive Director of Human Resources

    Total calculated
    $138,853
    From this org
    $138,853
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Lorraine De Leon

    Associate Superintendent

    Total calculated
    $139,264
    From this org
    $139,264
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Alicia Bolt

    Associate Superintendent

    Total calculated
    $127,190
    From this org
    $127,190
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sandra Gonzales

    Leadership Development Director

    Total calculated
    $119,996
    From this org
    $119,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Abel De Leon

    Director Associate

    Total calculated
    $122,932
    From this org
    $122,932
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Grace Muniz

    Director of Curriculum

    Total calculated
    $117,200
    From this org
    $117,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Carlos Moreno

    Director

    Total calculated
    $101,109
    From this org
    $101,109
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Diana Centeno

    Director of Student Services

    Total calculated
    $106,121
    From this org
    $106,121
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Christine Sanchez

    Senior Director of Fiscal Compliance

    Total calculated
    $106,352
    From this org
    $106,352
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Vanessa Fox-Norton

    Curriculum Director

    Total calculated
    $105,822
    From this org
    $105,822
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ryan Wells

    Director

    Total calculated
    $104,812
    From this org
    $104,812
    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

  • 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.

Provenance

Return type
form_990
Tax year
2023
Filed
24 October 2024
IRS schema version
2023v6.0
Source object
202501329349305325

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