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Nonprofiteer
← ALLEGIANCE STEAM ACADEMY INC

Form 990 for tax year 2022

Filed by ALLEGIANCE STEAM ACADEMY INC.

Totals

Total revenue
$14,050,657
Total expenses
$12,426,697
Contributions and grants received
$14,047,060
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$3,597
Total assets, end of year
$9,323,097
Total liabilities, end of year
$2,524,081
Net assets or fund balances, end of year
$6,799,016
Program services expenses (Part IX)
$11,030,401
Management and general expenses
$1,396,296
Fundraising expenses
$0
Program service expenses (Part III)
$11,030,401

Program services were 88.8% 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)

    $13,350,629

  • 1f · All other contributions, gifts and grants

    $696,431

  • 11a · Other revenue: OTHER FEES AND CONTRACTS

    total $3,597 · excluded $3,597

  • 11e · Other revenue, total

    $3,597

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $214,146 · program services $186,308 · management and general $27,838

  • 7 · Other salaries and wages

    total $6,980,329 · program services $6,270,502 · management and general $709,827

  • 8 · Pension plan contributions

    total $1,311,416 · program services $1,182,999 · management and general $128,417

  • 9 · Other employee benefits

    total $463,856 · program services $418,481 · management and general $45,375

  • 10 · Payroll taxes

    total $217,864 · program services $196,358 · management and general $21,506

  • 11a · Fees: management

    total $548,985 · program services $261,358 · management and general $287,627

  • 11b · Fees: legal

    total $38,510 · program services $75 · management and general $38,435

  • 11c · Fees: accounting

    total $25,272 · management and general $25,272

  • 11g · Fees: other

    total $738,775 · program services $711,689 · management and general $27,086

  • 13 · Office expenses

    total $202,302 · program services $184,238 · management and general $18,064

  • 14 · Information technology

    total $101,411 · program services $94,720 · management and general $6,691

  • 16 · Occupancy

    total $124,901 · program services $114,819 · management and general $10,082

  • 17 · Travel

    total $11,328 · program services $11,328

  • 20 · Interest

    total $2,920 · program services $2,774 · management and general $146

  • 22 · Depreciation, depletion and amortization

    total $18,561 · program services $17,055 · management and general $1,506

  • 23 · Insurance

    total $159,242 · program services $146,319 · management and general $12,923

  • 24a · Other expenses: INSTRUCTIONAL MATERIALS

    total $625,443 · program services $625,443

  • 24b · Other expenses: FOOD SERVICES

    total $311,466 · program services $311,466

  • 24c · Other expenses: ASB/PTO EXPENSES

    total $24,093 · program services $24,093

  • 24d · Other expenses: PUBLIC RELATIONS

    total $20,001 · management and general $20,001

  • 24e · All other expenses

    total $285,876 · program services $270,376 · management and general $15,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,315,615 · end of year $4,725,249

  • 3 · Pledges and grants receivable

    beginning of year $1,682,026 · end of year $3,681,892

  • 9 · Prepaid expenses and deferred charges

    beginning of year $148,790 · end of year $77,157

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

    $755,830

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

    $19,751

  • 10c · Land, buildings and equipment, net

    beginning of year $8,330 · end of year $736,079

  • 15 · Other assets

    beginning of year $0 · end of year $102,720

  • 17 · Accounts payable and accrued expenses

    beginning of year $698,236 · end of year $1,407,746

  • 19 · Deferred revenue

    beginning of year $281,469 · end of year $1,013,615

  • 25 · Other liabilities

    beginning of year $0 · end of year $102,720

  • 27 · Net assets without donor restrictions

    beginning of year $5,175,056 · end of year $6,799,016

Mission and programs · 2022

Mission

THE MISSION OF ALLEGIANCE STEAM ACADEMY THRIVE IS TO TEACH STUDENTS THE ACADEMIC, SOCIAL-EMOTIONAL, AND CHARACTER SKILLS NEEDED TO BE COLLEGE AND CAREER READY. ALLEGIANCE STEAM ACADEMY THRIVE STUDENTS WILL DEVELOP AS CRITICAL THINKERS, CIVIC LEADERS, AND SOCIALLY RESPONSIBLE CITIZENS THAT ARE INTEGRAL TO THEIR COMMUNITIES AND BEYOND.

Activities or mission (Part I)

A PUBLIC CHARTER SCHOOL THAT TEACHES STUDENTS THE SKILLS NEEDED TO BE COLLEGE AND CAREER READY.

  • THE VISION OF ALLEGIANCE STEAM ACADEMY IS TO ESTABLISH A SAFE SCHOOL ENVIRONMENT IN WHICH STUDENTS ARE INSPIRED TO TAKE RISKS TO GAIN SKILLS TO BE SUCCESSFUL IN THE LOCAL AND GLOBAL COMMUNITIES. ALLEGIANCE STEAM ACADEMY WILL BE A HARBOR OF INNOVATION AND ACCOUNTABILITY WHERE STUDENTS, STAFF AND FAMILIES ARE KEY COLLABORATORS IN THE DECISION-MAKING PROCESSES. BY PROVIDING A SCHOOL BASED ON BEST PRACTICES, ALLEGIANCE STEAM ACADEMY SERVED APPROXIMATELY 956 STUDENTS DURING THE 2022-2023 SCHOOL YEAR.

    Expenses $11,030,401

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Troy Stevens

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Samantha Odo

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Marcylin Jones

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Shehzad Bhojani

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Shantay Thompson

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sebastian Cognetta

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $202,417
    From this org
    $165,433
    From related orgs
    $0
    Other
    $36,984
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,433
    Bonus
    $0
    Other
    $0
    Deferred
    $29,854
    Nontaxable benefits
    $7,130
    Filer's total
    $202,417

  • Callie Moreno

    DIRECTOR OF EDUCATIONAL PROGRAMS

    Total calculated
    $164,328
    From this org
    $133,320
    From related orgs
    $0
    Other
    $31,008
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,320
    Bonus
    $0
    Other
    $0
    Deferred
    $23,878
    Nontaxable benefits
    $7,130
    Filer's total
    $164,328

  • Deanna Campagna

    TEACHER

    Total calculated
    $160,556
    From this org
    $115,325
    From related orgs
    $0
    Other
    $45,231
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,325
    Bonus
    $0
    Other
    $0
    Deferred
    $32,433
    Nontaxable benefits
    $12,798
    Filer's total
    $160,556

  • Cynthia Valenta

    PRINCIPAL

    Total calculated
    $138,346
    From this org
    $117,196
    From related orgs
    $0
    Other
    $21,150
    Hours/week
    40

  • Tammy Lohoff

    PRINCIPAL

    Total calculated
    $145,964
    From this org
    $129,098
    From related orgs
    $0
    Other
    $16,866
    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 · Written employment contract
  • 3 · Compensation survey or study
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202431349349304713

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