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Nonprofiteer
← ROMERO ACADEMY

Form 990 for tax year 2023

Filed by ROMERO ACADEMY.

Totals

Total revenue
$3,389,674
Total expenses
$3,446,764
Contributions and grants received
$509,497
Grants paid
$0
Program service revenue
$1,884,863
Investment income
$9,772
Other revenue
$985,542
Total assets, end of year
$1,485,330
Total liabilities, end of year
$673,327
Net assets or fund balances, end of year
$812,003
Program services expenses (Part IX)
$2,435,323
Management and general expenses
$1,011,053
Fundraising expenses
$388
Program service expenses (Part III)
$2,435,323

Program services were 70.7% 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

    $509,497

  • 2a · Program service revenue: STATE VOUCHER PROGRAM

    total $1,668,632 · related or exempt $1,668,632

  • 2b · Program service revenue: SCHOLARSHIP REVENUE

    total $216,231 · related or exempt $216,231

  • 3 · Investment income

    total $9,772 · related or exempt $9,772

  • 11a · Other revenue

    total $985,542 · related or exempt $985,542

  • 11e · Other revenue, total

    $985,542

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,428,148 · program services $960,062 · management and general $468,086

  • 9 · Other employee benefits

    total $102,597 · program services -$43,586 · management and general $146,183

  • 10 · Payroll taxes

    total $149,268 · program services $105,833 · management and general $43,435

  • 11a · Fees: management

    total $318,756 · management and general $318,756

  • 11g · Fees: other

    total $1,109,324 · program services $1,098,584 · management and general $10,740

  • 14 · Information technology

    total $33,981 · program services $35,032 · management and general -$1,051

  • 16 · Occupancy

    total $87,597 · program services $86,432 · management and general $1,165

  • 22 · Depreciation, depletion and amortization

    total $13,738 · program services $11,044 · management and general $2,694

  • 23 · Insurance

    total $44,256 · program services $35,818 · management and general $8,438

  • 24a · Other expenses: UTILITIES

    total $62,058 · program services $62,058 · management and general $0 · fundraising $0

  • 24b · Other expenses: ACADEMIC EXPENSE

    total $54,019 · program services $53,939 · management and general $80 · fundraising $0

  • 24c · Other expenses: ADMINISTRATIVE EXPENSE

    total $26,033 · program services $20,478 · management and general $5,167 · fundraising $388

  • 24d · Other expenses: INTERNET & TELEPHONE

    total $11,335 · program services $5,484 · management and general $5,851

  • 24e · All other expenses

    total $5,654 · program services $4,145 · management and general $1,509

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,213,307 · end of year $835,572

  • 4 · Accounts receivable

    beginning of year $49,443 · end of year $497,593

  • 9 · Prepaid expenses and deferred charges

    beginning of year $48,080 · end of year $57,961

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

    $147,577

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

    $68,651

  • 10c · Land, buildings and equipment, net

    beginning of year $71,064 · end of year $78,926

  • 14 · Intangible assets

    beginning of year $12,193 · end of year $15,278

  • 17 · Accounts payable and accrued expenses

    beginning of year $225,910 · end of year $429,792

  • 19 · Deferred revenue

    beginning of year $65,563 · end of year $6,982

  • 23 · Secured mortgages and notes payable

    beginning of year $220,000 · end of year $220,000

  • 24 · Unsecured notes and loans payable

    beginning of year $12,515 · end of year $15,914

  • 25 · Other liabilities

    beginning of year $1,006 · end of year $639

  • 27 · Net assets without donor restrictions

    beginning of year $869,093 · end of year $812,003

Mission and programs · 2023

Mission

ROMERO ACADEMY PARTNERS WITH FAMILIES TO FORM FUTURE SAINTS BY DEVELOPING THE INTELLECT, FORMING THE CHARACTER, AND ENGAGING THE FAITH OF EACH STUDENT.

  • ANNUNCIATION SCHOOL: ROMERO ACADEMY AT ANNUNCIATION IS A PK - 5TH GRADE SCHOOL SERVING 100 STUDENTS. THE SCHOOL TEACHES MATH, ENGLISH LANGUAGE ARTS, READING, SCIENCE, SOCIAL STUDIES, AND CATHOLIC THEOLOGY DAILY. THE SCHOOL BELIEVES THAT SUCCESS IS ABOUT MORE THAN ACADEMICS. IT IS ABOUT CHARACTER, FAITH FORMATION, PARTNERSHIP, AND HOW THE CONTENT IS TAUGHT. ROMERO ACADEMIES FOCUS ON FIVE KEY AREAS TO HELP STUDENTS THRIVE -PERSONALIZED LEARNING, CHARACTER BUILDING, CATHOLIC VALUES, HIGH EXPECTATIONS, AND PARENT PARTNERSHIP. ACADEMIC RESULTS AT ANNUNCIATION ARE STRONG, WITH OVER 60% OF STUDENTS MAKING MORE THAN ONE YEAR OF GROWTH IN MATH. STUDENTS ARE WELCOME TO STAY FOR A DAILY AFTERSCHOOL PROGRAM THAT FOCUSES ON LITERACY AND PROVIDES WRAP-AROUND SUPPORT FOR FAMILIES.

    Expenses $937,970 · Revenue $1,311,328

  • RESURRECTION SCHOOL: ROMERO ACADEMY AT RESURRECTION IS A PK - 8TH GRADE SCHOOL SERVING 235 STUDENTS. THE SCHOOL TEACHES MATH, ENGLISH LANGUAGE ARTS, READING, SCIENCE, SOCIAL STUDIES, AND CATHOLIC THEOLOGY DAILY. THE SCHOOL BELIEVES THAT SUCCESS IS ABOUT MORE THAN ACADEMICS. IT IS ABOUT CHARACTER, FAITH FORMATION, PARTNERSHIP, AND HOW THE CONTENT IS TAUGHT. ROMERO ACADEMIES FOCUS ON FIVE KEY AREAS TO HELP STUDENTS THRIVE -PERSONALIZED LEARNING, CHARACTER BUILDING, CATHOLIC VALUES, HIGH EXPECTATIONS, AND PARENT PARTNERSHIP. ACADEMIC RESULTS AT RESURRECTION ARE STRONG, WITH OVER 50% OF STUDENTS MAKING MORE THAN ONE YEAR OF GROWTH IN READING AND MATH. OVER 80% OF GRADUATING 8TH-GRADE STUDENTS GAINED ACCEPTANCE TO A HIGH-QUALITY HIGH SCHOOL. STUDENTS ARE WELCOMED TO STAY FOR A DAILY AFTERSCHOOL PROGRAM THAT FOCUSES ON LITERACY AND PROVIDES WRAP-AROUND SUPPORT FOR FAMILIES.

    Expenses $1,497,353 · Revenue $2,078,346

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Emily Gilbride

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • Daniel Peters

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Saroki De Garcia

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Timothy Fogarty

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Carlos De Quesada

    BOARD

    Total calculated
    $0
    Hours/week
    2

  • Kent Halaby

    BOARD

    Total calculated
    $0
    Hours/week
    2

  • Jeff Kerscher

    BOARD

    Total calculated
    $0
    Hours/week
    2

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
17 January 2025
IRS schema version
2023v6.0
Source object
202530179349300403

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