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Nonprofiteer
← TEXARKANA SPECIAL EDUCATION CENTER INC

Form 990 for tax year 2022

Filed by TEXARKANA SPECIAL EDUCATION CENTER INC.

Totals

Total revenue
$5,851,068
Total expenses
$5,776,508
Contributions and grants received
$2,328,116
Grants paid
$0
Program service revenue
$3,455,899
Investment income
$21,921
Other revenue
$45,132
Total assets, end of year
$11,212,063
Total liabilities, end of year
$462,244
Net assets or fund balances, end of year
$10,749,819
Program services expenses (Part IX)
$4,589,156
Management and general expenses
$720,402
Fundraising expenses
$466,950
Program service expenses (Part III)
$4,589,156

Program services were 79.4% 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

    $68,335

  • 1c · Fundraising events

    $134,401

  • 1e · Government grants (contributions)

    $1,152,627

  • 1f · All other contributions, gifts and grants

    $972,753

  • 2a · Program service revenue: FEES/CONTRACTS

    total $3,455,899 · related or exempt $3,455,899

  • 3 · Investment income

    total $6,901 · excluded $6,901

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    other assets $48,210

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

    other assets $33,190

  • 7c · Gain or loss

    other assets $15,020

  • 7d · Net gain or loss

    total $15,020 · excluded $15,020

  • 8a · Fundraising events: gross income

    $42,511

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

    $134,401

  • 8b · Fundraising events: direct expenses

    $42,511

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $27,336

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $27,336 · excluded $27,336

  • 11a · Other revenue: INSURANCE CLAIM REIMBURSEMENT

    total $10,522 · excluded $10,522

  • 11b · Other revenue: DUES

    total $6,105 · excluded $6,105

  • 11c · Other revenue: FOOD

    total $1,169 · excluded $1,169

  • 11e · Other revenue, total

    $17,796

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $318,500 · management and general $318,500

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,571,625 · program services $2,286,800 · management and general $200,270 · fundraising $84,555

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $195,762 · program services $179,998 · management and general $15,764

  • 10 · Payroll taxes

    total $238,573 · program services $219,362 · management and general $19,211

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $238 · program services $219 · management and general $19

  • 11c · Fees: accounting

    total $31,170 · program services $28,660 · management and general $2,510

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $588,552 · program services $540,765 · management and general $47,358 · fundraising $429

  • 12 · Advertising and promotion

    total $28,598 · program services $26,295 · management and general $2,303

  • 13 · Office expenses

    total $470,700 · program services $131,404 · management and general $11,508 · fundraising $327,788

  • 14 · Information technology

    total $113,029 · program services $94,210 · management and general $8,251 · fundraising $10,568

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $150,163 · program services $138,071 · management and general $12,092

  • 17 · Travel

    total $69,987 · program services $63,579 · management and general $5,568 · fundraising $840

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $15,282 · program services $14,051 · management and general $1,231

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $324,861 · program services $298,702 · management and general $26,159

  • 23 · Insurance

    total $225,824 · program services $169,287 · management and general $14,826 · fundraising $41,711

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $264,650 · program services $243,339 · management and general $21,311

  • 24b · Other expenses: FOOD

    total $121,081 · program services $110,357 · management and general $9,665 · fundraising $1,059

  • 24c · Other expenses: NEW EMPLOYEE EXPENSE

    total $21,557 · program services $19,821 · management and general $1,736

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $17,787 · program services $16,355 · management and general $1,432

  • 24e · All other expenses

    total $8,569 · program services $7,881 · management and general $688

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,334,409 · end of year $1,841,520

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $88,176 · end of year $544,162

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $19,245

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

    $12,582,519

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

    $6,644,358

  • 10c · Land, buildings and equipment, net

    beginning of year $5,564,075 · end of year $5,938,161

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $289,710 · end of year $2,868,975

  • 17 · Accounts payable and accrued expenses

    beginning of year $332,954 · end of year $243,184

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $271,406 · end of year $217,825

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $10,806 · end of year $1,235

  • 27 · Net assets without donor restrictions

    beginning of year $7,661,204 · end of year $7,680,900

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $3,068,919

Mission and programs · 2022

Mission

THE BOARD OF DIRECTORS IS DEDICATED TO MEETING THE NEEDS AND RESPECTING THE RIGHTS OF THE INDIVIDUAL SERVED. THEY ARE RESPONSIBLE FOR STRENGTHENING, IMPROVING, AND EXPANDING DEVELOPMENTAL AND SUPPORT SERVICES TO SERVE INDIVIDUALS IN OUR COMMUNITY.

Activities or mission (Part I)

THE MISSION OF OPPORTUNITIES, INC IS TO PROVIDE DEVELOPMENTAL AND SUPPORT SERVICES WHICH EMPOWER INDIVIDUALS IN ATTAINING A FULL LIFE IN THE COMMUNITY.

  • SPECIAL EDUCATION - PROVIDES SPECIAL EDUCATION AND EARLY INTERVENTION SERVICES TO CHILDREN WHO HAVE DEVELOPMENTAL DELAYS AND/OR DISABILITIES.

    Expenses $2,916,408 · Revenue $1,692,490

  • RESIDENTIAL SERVICES - PROVIDES HOUSING AND SUPPORT SERVICES FOR QUALIFYING ELDERLY AND ADULTS WITH DEVELOPMENTAL DISABILITIES

    Expenses $1,079,430 · Revenue $1,516,890

  • ADULT SERVICES - DAY PROGRAM FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. THIS PROGRAM OFFERS CAREER DEVELOPMENT AND JOB COACHING, LIFE SKILLS TRAINING, AND CONTINUED LEARNING OPPORTUNITIES.

    Expenses $593,318 · Revenue $246,519

As filed on the 2022 return.

Listed in Part VII

  • Sherry Young Watkins

    CEO/EXEC DIRECTOR

    Total calculated
    $88,644
    From this org
    $88,644
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kathaleen Sanders

    CFO

    Total calculated
    $82,849
    From this org
    $82,849
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kathy Flournoy

    CHIEF HR OFFICER

    Total calculated
    $65,600
    From this org
    $65,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Corie Woodman

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $56,741
    From this org
    $56,741
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Megan Schroeder

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Sonja Hubbard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Martha Norton

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Mindy Williams

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Brandon Washington

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Whitney Fuqua

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Yuliana Gonzalez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Stephanie McCorkle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • George Matteson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Judy Morgan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Joe Nichols

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Maurice Orr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Danielle Patterson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dennis Huffman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Lisa Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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.

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
2022
Filed
2 April 2024
IRS schema version
2022v5.0
Source object
202430939349301063

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