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Nonprofiteer
← JUBILEE ACADEMIC CENTER INC

Form 990 for tax year 2022

Filed by JUBILEE ACADEMIC CENTER INC.

Totals

Total revenue
$94,411,794
Total expenses
$94,545,418
Contributions and grants received
$90,734,024
Grants paid
$0
Program service revenue
$922,771
Investment income
$1,021,416
Other revenue
$1,733,583
Total assets, end of year
$186,265,717
Total liabilities, end of year
$161,396,636
Net assets or fund balances, end of year
$24,869,081
Program services expenses (Part IX)
$64,349,219
Management and general expenses
$30,196,199
Fundraising expenses
$0
Program service expenses (Part III)
$64,349,219

Program services were 68.1% 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)

    $89,596,542

  • 1f · All other contributions, gifts and grants

    $1,137,482

  • 2a · Program service revenue: Food Service

    total $93,314 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: USAC Revenue

    total $49,186 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Program Revenue

    total $773,771 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Tuition

    total $6,500 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,021,416 · unrelated business $0 · excluded $1,021,416

  • 6a · Gross rents

    real property $54,391

  • 6c · Rental income or loss

    real property $54,391

  • 6d · Net rental income or loss

    total $54,391 · related or exempt $54,391

  • 11d · All other revenue

    total $1,679,192 · related or exempt $0 · unrelated business $0 · excluded $1,679,192

  • 11e · Other revenue, total

    $1,679,192

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,398,672 · program services $1,740,024 · management and general $658,648 · fundraising $0

  • 7 · Other salaries and wages

    total $51,295,950 · program services $42,230,703 · management and general $9,065,247 · fundraising $0

  • 8 · Pension plan contributions

    total $3,041,067 · program services $2,564,640 · management and general $476,427 · fundraising $0

  • 9 · Other employee benefits

    total $4,055,400 · program services $3,360,083 · management and general $695,317 · fundraising $0

  • 10 · Payroll taxes

    total $795,325 · program services $655,237 · management and general $140,088 · fundraising $0

  • 11b · Fees: legal

    total $159,595 · program services $0 · management and general $159,595 · fundraising $0

  • 11c · Fees: accounting

    total $74,190 · program services $0 · management and general $74,190 · fundraising $0

  • 13 · Office expenses

    total $706,655 · program services $27,330 · management and general $679,325 · fundraising $0

  • 16 · Occupancy

    total $3,047,394 · program services $18,926 · management and general $3,028,468 · fundraising $0

  • 17 · Travel

    total $738,772 · program services $458,469 · management and general $280,303 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $4,454 · program services $4,454 · management and general $0 · fundraising $0

  • 20 · Interest

    total $5,838,010 · program services $0 · management and general $5,838,010 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $3,923,370 · program services $444,961 · management and general $3,478,409 · fundraising $0

  • 23 · Insurance

    total $694,514 · program services $5,090 · management and general $689,424 · fundraising $0

  • 24a · Other expenses: Classroom Materials & Supplies

    total $5,206,331 · program services $4,235,603 · management and general $970,728 · fundraising $0

  • 24b · Other expenses: Student Activities

    total $600,076 · program services $576,752 · management and general $23,324 · fundraising $0

  • 24c · Other expenses: Other Contracted Services

    total $3,813,534 · program services $1,897,479 · management and general $1,916,055 · fundraising $0

  • 24d · Other expenses: Food

    total $2,652,297 · program services $2,652,297 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $5,499,812 · program services $3,477,171 · management and general $2,022,641 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $18,013,556 · end of year $22,607,727

  • 3 · Pledges and grants receivable

    beginning of year $22,199,284 · end of year $16,201,942

  • 4 · Accounts receivable

    beginning of year $185,209 · end of year $2,511,636

  • 9 · Prepaid expenses and deferred charges

    beginning of year $223,525 · end of year $181,535

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

    $137,083,839

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

    $22,049,666

  • 10c · Land, buildings and equipment, net

    beginning of year $115,360,833 · end of year $115,034,173

  • 15 · Other assets

    beginning of year $15,576,524 · end of year $29,728,704

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,481,705 · end of year $7,743,087

  • 23 · Secured mortgages and notes payable

    beginning of year $134,789,597 · end of year $133,059,856

  • 25 · Other liabilities

    beginning of year $3,284,926 · end of year $20,593,693

  • 27 · Net assets without donor restrictions

    beginning of year $8,865,466 · end of year $8,731,843

  • 28 · Net assets with donor restrictions

    beginning of year $16,137,237 · end of year $16,137,238

Mission and programs · 2022

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 $64,349,219 · Revenue $922,771

As filed on the 2022 return.

Listed in Part VII

  • Thomas J Kroger

    Board Chairman/Chief Executive Officer

    Total calculated
    $201,236
    From this org
    $201,236
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $201,236
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $201,236

  • Gloria Glover

    Secretary and Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Zach Lutz

    Board Vice Chair

    Total calculated
    $0
    Hours/week
    5

  • Kevin L Phillips

    SUPERITENDENT

    Total calculated
    $191,228
    From this org
    $191,228
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,228
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $191,228

  • Rene Gallegos

    Chief Financial Officer

    Total calculated
    $180,083
    From this org
    $180,083
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,083
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $180,083

  • Khalida Sosse

    Executive Director of Operations

    Total calculated
    $138,664
    From this org
    $138,664
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Davids Cofer

    Executive Director of Human Resources

    Total calculated
    $138,664
    From this org
    $138,664
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Leslie K Sparacello

    Associate Superintendent

    Total calculated
    $132,723
    From this org
    $132,723
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Lorrainem De Leon

    Executive Director of Curriculum

    Total calculated
    $134,242
    From this org
    $134,242
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Alicia J Bolt

    Associate Superintendent

    Total calculated
    $127,742
    From this org
    $127,742
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michelle Hickman

    Associate Superintendent

    Total calculated
    $126,007
    From this org
    $126,007
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • James P Montano

    Principal

    Total calculated
    $110,276
    From this org
    $110,276
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Raul Hinojosa

    Principal

    Total calculated
    $104,705
    From this org
    $104,705
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Carlos A Moreno

    Director of PEIMS

    Total calculated
    $106,182
    From this org
    $106,182
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Grace I Leimann

    Assistant Director of Curriculum

    Total calculated
    $104,373
    From this org
    $104,373
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Diana Centeno

    Director of Student Services

    Total calculated
    $100,339
    From this org
    $100,339
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Yesenia Gonzalez

    Director of Access and ADSY

    Total calculated
    $94,180
    From this org
    $94,180
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sandra Gonzales

    Leadership Development Director

    Total calculated
    $100,813
    From this org
    $100,813
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Eva Reyna

    Principal

    Total calculated
    $101,778
    From this org
    $101,778
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Christine M Sanchez

    Senior Director of Fiscal Compliance

    Total calculated
    $100,549
    From this org
    $100,549
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Irma Castillo

    Principal

    Total calculated
    $104,889
    From this org
    $104,889
    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
2022
Filed
11 October 2023
IRS schema version
2022v5.0
Source object
202401359349311780

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