Form 990 for tax year 2023

Filed by SAINT MICHAEL EPISCOPAL SCHOOL.

Totals

Total revenue: $5,538,630
Total expenses: $4,198,185
Contributions and grants received: $1,028,845
Grants paid: $0
Program service revenue: $4,460,246
Investment income: $178,629
Other revenue: -$129,090
Total assets, end of year: $9,863,150
Total liabilities, end of year: $6,312,157
Net assets or fund balances, end of year: $3,550,993
Program services expenses (Part IX): $3,388,026
Management and general expenses: $774,087
Fundraising expenses: $36,072
Program service expenses (Part III): $3,388,026

Program services were 80.7% 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.

1a · Federated campaigns

$3,088
1c · Fundraising events

$405,036
1f · All other contributions, gifts and grants

$620,721
1g · Noncash contributions included above

$278,299
2a · Program service revenue: Tuition & Fees

total $4,460,246 · related or exempt $4,460,246
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $178,629 · excluded $178,629
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

securities $1,075,000
7b · Less cost or other basis and sales expenses

securities $1,075,000
7c · Gain or loss

securities $0 · other assets $0
7d · Net gain or loss

total $0 · related or exempt $0 · excluded $0
8a · Fundraising events: gross income

$320,525
8a · Fundraising events: contributions included on line 1c

$405,036
8b · Fundraising events: direct expenses

$474,407
8c · Net income from fundraising events

total -$153,882 · excluded -$153,882
10a · Gross sales of inventory

$31,097
10b · Cost of goods sold

$19,663
10c · Net income from sales of inventory

total $11,434 · excluded $11,434
11d · All other revenue

total $13,358 · related or exempt $0 · unrelated business $0 · excluded $13,358
11e · Other revenue, total

$13,358

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $186,365 · program services $130,455 · management and general $46,591 · fundraising $9,319
6 · Compensation of disqualified persons

total $368 · program services $368
7 · Other salaries and wages

total $2,076,018 · program services $1,754,974 · management and general $305,569 · fundraising $15,475
8 · Pension plan contributions

total $157,769 · program services $131,767 · management and general $24,745 · fundraising $1,257
9 · Other employee benefits

total $335,637 · program services $290,703 · management and general $42,781 · fundraising $2,153
10 · Payroll taxes

total $166,502 · program services $138,776 · management and general $25,975 · fundraising $1,751
11b · Fees: legal

total $4,000 · program services $2,000 · management and general $2,000
11c · Fees: accounting

total $18,906 · management and general $18,906
11g · Fees: other

total $367,128 · program services $233,124 · management and general $134,004 · fundraising $0
12 · Advertising and promotion

total $4,321 · program services $1,080 · management and general $2,161 · fundraising $1,080
13 · Office expenses

total $136,204 · program services $107,847 · management and general $28,357
14 · Information technology

total $26,434 · program services $23,289 · management and general $3,145
16 · Occupancy

total $496,391 · program services $421,932 · management and general $74,459
19 · Conferences, conventions and meetings

total $1,358 · program services $1,358
22 · Depreciation, depletion and amortization

total $82,027 · program services $69,723 · management and general $12,304
23 · Insurance

total $27,263 · program services $24,537 · management and general $2,726
24a · Other expenses: Bad Debt Expense

total $24,245 · management and general $24,245
24b · Other expenses: Curriculum

total $11,041 · program services $11,041
24c · Other expenses: Events

total $9,065 · program services $3,424 · management and general $604 · fundraising $5,037
24e · All other expenses

total $67,143 · program services $41,628 · management and general $25,515 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $912,853 · end of year $2,138,064
3 · Pledges and grants receivable

beginning of year $428,977 · end of year $780,939
4 · Accounts receivable

beginning of year $1,561,547 · end of year $1,789,909
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $4,791 · end of year $37,430
10a · Land, buildings and equipment: cost or other basis

$2,993,661
10b · Land, buildings and equipment: accumulated depreciation

$629,755
10c · Land, buildings and equipment, net

beginning of year $393,480 · end of year $2,363,906
11 · Investments: publicly traded securities

beginning of year $3,134,241 · end of year $2,715,065
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $46,692 · end of year $37,837
17 · Accounts payable and accrued expenses

beginning of year $160,836 · end of year $195,761
19 · Deferred revenue

beginning of year $4,064,505 · end of year $4,290,824
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $46,692 · end of year $1,825,572
27 · Net assets without donor restrictions

beginning of year $1,416,620 · end of year $2,164,899
28 · Net assets with donor restrictions

beginning of year $793,928 · end of year $1,386,094

Mission and programs · 2023

Mission

To provide a nurturing, individualized, inclusive early childhood experience that is based on our four pillars- love, faith, education and service. We offer a curriculum to stimulate children's intellectual and spiritual growth with activities that foster creative thinking, develop strong character, and build a foundation in faith.

Activities or mission (Part I)

To provide an early childhood experience based on our 4 pillars: love, faith, education & service.

Saint Michael Episcopal School is a premier Preschool for 3's, 4's, 5's and kinder classes. Completing the rigorous accreditation process through the Southwestern Association of Episcopal Schools in 2018, SMES has become a leader in implementation of curriculum, religious studies, and social-emotional learning. In addition, our students also have hands-on science lessons, weekly music and Godly play chapel class, and optional enrichment programs like yoga, gymnastics, LEGO, soccer, all-sports just to name a few. The school has a low student to teacher ratio.

Expenses $1,974,937 · Revenue $2,823,983
Saint Michael Episcopal School's Toddlers and Twos program begins with a 12-month class and ends with our Two's program. The students in our Two's program advance to our preschool when they turn 3. Our class offerings are currently 2 days a week or 4 days a week with the option for a Friday Fun Day. All of our Toddlers and Twos classes follow a scope and sequence to introduce our children to a wide range of concepts and hands-on activities. In addition to the classroom activities, our students also receive science lessons, language readiness lessons, and weekly music and chapel classes.

Expenses $1,321,907 · Revenue $1,587,998
Saint Michael Episcopal School offers an enriching Summer Program for students 2-6 years old. Our summer camp program runs for 7 weeks. The goal of our summer camps is to provide fun, hands-on experiences with themes like fine motor, dinosaurs, colors, splash camp, art, science, and more! The camp runs from 8:45am - 12:30pm M-Th.

Expenses $91,182 · Revenue $48,265

As filed on the 2023 return.

Listed in Part VII

Ginger Brown

Treasurer

Total calculated

$0

Hours/week

0.5 + 1 related
Grady Schleier

President

Total calculated

$0

Hours/week

5 + 1 related
Harriett Cousins

Secretary

Total calculated

$0

Hours/week

0.3 + 1 related
Arnold Spencer

Board Member

Total calculated

$0

Hours/week

0.5
Claudia Conard

Board Member

Total calculated

$0

Hours/week

0.3
Davis Wiggins

Board Member

Total calculated

$0

Hours/week

0.5
Dr Hayley Fournier

Board Member

Total calculated

$0

Hours/week

0.3
Ginger Sager

Board Member

Total calculated

$0

Hours/week

0.3
Jane Greene

Board Member

Total calculated

$0

Hours/week

0.5
Kathy Kelley

Board Member

Total calculated

$0

Hours/week

0.5
Loren Miller

Board Member

Total calculated

$0

Hours/week

0.5
Margaret Spellings

Board Member

Total calculated

$0

Hours/week

0.3 + 1 related
Ross Mulford

Board Member

Total calculated

$0

Hours/week

0.5
Tiffany Dixon

Board Member

Total calculated

$0

Hours/week

0.3
Todd Howard

Board Member

Total calculated

$0

Hours/week

0.5
Netra Fitzgerald

Head of School

Total calculated

$179,016

From this org

$150,019

From related orgs

$0

Other

$28,997

Hours/week

40

Schedule J breakdown matched by us

Base

$147,739

Bonus

$2,280

Other

$0

Deferred

$13,524

Nontaxable benefits

$15,473

Filer's total

$179,016

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 · Compensation committee
3 · Form 990 of other organizations
3 · Compensation survey or study
3 · Approval by the board or compensation committee
7 · Other non-fixed payments

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
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments: The Head of School received a non-fixed bonus determined by the school's Parent Association.

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.

Saint Michael and All Angels Church

501(c)(3) · Church · TX

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2023
Filed: 28 April 2025
IRS schema version: 2023v6.0
Source object: 202521189349301667

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