Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $3,158,529

• 1e · Government grants (contributions)

  $272,787,790

• 1f · All other contributions, gifts and grants

  $15,818,913

• 1g · Noncash contributions included above

  $5,000

• 2a · Program service revenue: Student activity fees

  total $1,598,401 · related or exempt $1,598,401

• 2b · Program service revenue: Food/cafeteria revenue

  total $1,427,140 · related or exempt $1,427,140

• 2c · Program service revenue: Tuition from partnership schools

  total $774,984 · related or exempt $774,984

• 3 · Investment income

  total $3,448,081 · excluded $3,448,081

• 7a · Gross sales of assets other than inventory

  other assets $2,947,968

• 7b · Less cost or other basis and sales expenses

  other assets $2,750,000

• 7c · Gain or loss

  other assets $197,968

• 7d · Net gain or loss

  total $197,968 · excluded $197,968

• 8a · Fundraising events: gross income

  $103,500

• 8a · Fundraising events: contributions included on line 1c

  $3,158,529

• 8b · Fundraising events: direct expenses

  $200,512

• 8c · Net income from fundraising events

  total -$97,012 · excluded -$97,012

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $32,604 · program services $32,604

• 2 · Grants to domestic individuals

  total $408,870 · program services $408,870

• 5 · Compensation of officers, directors and key employees

  total $2,962,932 · program services $2,201,384 · management and general $629,645 · fundraising $131,903

• 7 · Other salaries and wages

  total $154,277,407 · program services $144,068,947 · management and general $9,671,318 · fundraising $537,142

• 8 · Pension plan contributions

  total $18,119,589 · program services $17,143,050 · management and general $930,273 · fundraising $46,266

• 9 · Other employee benefits

  total $10,388,338 · program services $9,587,657 · management and general $767,176 · fundraising $33,505

• 10 · Payroll taxes

  total $2,409,238 · program services $2,124,760 · management and general $274,120 · fundraising $10,358

• 11b · Fees: legal

  total $231,336 · management and general $231,336

• 11c · Fees: accounting

  total $111,441 · management and general $111,441

• 11e · Fees: professional fundraising services

  total $38,000 · fundraising $38,000

• 11g · Fees: other

  total $10,727,353 · program services $10,038,420 · management and general $644,127 · fundraising $44,806

• 12 · Advertising and promotion

  total $297,241 · program services $236,286 · management and general $60,955

• 13 · Office expenses

  total $1,908,957 · program services $1,737,820 · management and general $75,535 · fundraising $95,602

• 14 · Information technology

  total $11,979,303 · program services $11,274,855 · management and general $674,559 · fundraising $29,889

• 16 · Occupancy

  total $13,948,098 · program services $13,641,531 · management and general $286,153 · fundraising $20,414

• 17 · Travel

  total $746,684 · program services $572,166 · management and general $171,964 · fundraising $2,554

• 20 · Interest

  total $8,835,983 · program services $8,644,242 · management and general $178,487 · fundraising $13,254

• 22 · Depreciation, depletion and amortization

  total $14,450,288 · program services $14,136,717 · management and general $291,896 · fundraising $21,675

• 23 · Insurance

  total $2,349,753 · program services $2,240,916 · management and general $105,422 · fundraising $3,415

• 24a · Other expenses: Transportation

  total $14,307,203 · program services $14,294,946 · management and general $9,172 · fundraising $3,085

• 24b · Other expenses: Food expenses

  total $8,284,067 · program services $8,284,067

• 24c · Other expenses: Instructional materials

  total $6,515,937 · program services $6,458,910 · management and general $57,027

• 24d · Other expenses: Uniforms

  total $1,964,315 · program services $1,888,618 · management and general $75,697

• 24e · All other expenses

  total $1,083,011 · program services $901,141 · management and general $169,765 · fundraising $12,105

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,299,155 · end of year $5,687,178

• 2 · Savings and temporary cash investments

  beginning of year $108,086,163 · end of year $86,956,702

• 3 · Pledges and grants receivable

  beginning of year $52,077,818 · end of year $59,580,610

• 4 · Accounts receivable

  beginning of year $300,858 · end of year $1,162,049

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,772,630 · end of year $2,468,935

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

  $457,037,751

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

  $101,789,724

• 10c · Land, buildings and equipment, net

  beginning of year $319,204,701 · end of year $355,248,027

• 11 · Investments: publicly traded securities

  beginning of year $2,038,715 · end of year $2,115,591

• 15 · Other assets

  beginning of year $1,310,234 · end of year $1,252,202

• 17 · Accounts payable and accrued expenses

  beginning of year $33,454,066 · end of year $34,643,941

• 19 · Deferred revenue

  beginning of year $1,122,896 · end of year $79,021

• 20 · Tax-exempt bond liabilities

  beginning of year $156,454,173 · end of year $153,402,174

• 23 · Secured mortgages and notes payable

  beginning of year $80,727,419 · end of year $93,977,592

• 24 · Unsecured notes and loans payable

  end of year $300,000

• 27 · Net assets without donor restrictions

  beginning of year $161,288,915 · end of year $170,821,755

• 28 · Net assets with donor restrictions

  beginning of year $58,042,805 · end of year $61,246,811

The filer's explanations (Part III)

Part I, Line 7

Mark Dibella, CEO, received a performance-based bonus of $100,176. Every year the CEO's performance is measured by a series of metrics to determine partial or full payment of the award. To determine thresholds for payment, the Board of Directors utilizes national and state data for comparison. Performance-based bonuses were awarded to other employees as well.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• The Norman Rowlinson 2009 Trust

  T · Scholarships · TX · share of income $58,032 · share of assets $1,252,202