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Nonprofiteer
← VALERE PUBLIC SCHOOLS INC

Form 990 for tax year 2022

Filed by VALERE PUBLIC SCHOOLS INC.

Totals

Total revenue
$13,571,619
Total expenses
$13,857,268
Contributions and grants received
$3,859,472
Grants paid
$0
Program service revenue
$9,685,532
Investment income
$0
Other revenue
$26,615
Total assets, end of year
$8,202,657
Total liabilities, end of year
$2,988,899
Net assets or fund balances, end of year
$5,213,758
Program services expenses (Part IX)
$11,085,814
Management and general expenses
$2,771,454
Fundraising expenses
$0
Program service expenses (Part III)
$11,085,814

Program services were 80.0% 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)

    $3,859,472

  • 2a · Program service revenue: FOUNDATION SCHOOL PROGRAM

    total $9,602,953 · related or exempt $9,602,953

  • 2b · Program service revenue: OTHER LOCAL REVENUE

    total $82,579 · related or exempt $82,579

  • 10a · Gross sales of inventory

    $26,615

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $26,615 · related or exempt $26,615

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $960,818 · program services $768,654 · management and general $192,164

  • 7 · Other salaries and wages

    total $5,969,167 · program services $4,775,334 · management and general $1,193,833

  • 8 · Pension plan contributions

    total $343,583 · program services $274,866 · management and general $68,717

  • 9 · Other employee benefits

    total $369,903 · program services $295,922 · management and general $73,981

  • 10 · Payroll taxes

    total $104,422 · program services $83,538 · management and general $20,884

  • 11g · Fees: other

    total $52,524 · program services $42,019 · management and general $10,505

  • 13 · Office expenses

    total $548,626 · program services $438,902 · management and general $109,724

  • 14 · Information technology

    total $65,294 · program services $52,235 · management and general $13,059

  • 16 · Occupancy

    total $1,883,579 · program services $1,506,863 · management and general $376,716

  • 17 · Travel

    total $73,124 · program services $58,499 · management and general $14,625

  • 20 · Interest

    total $124,393 · program services $99,514 · management and general $24,879

  • 22 · Depreciation, depletion and amortization

    total $96,478 · program services $77,182 · management and general $19,296

  • 23 · Insurance

    total $345,856 · program services $276,685 · management and general $69,171

  • 24a · Other expenses: CONTRACT LABOR & SERVIC

    total $1,818,238 · program services $1,454,590 · management and general $363,648

  • 24b · Other expenses: STUDENT FOOD SERVICE

    total $689,012 · program services $551,210 · management and general $137,802

  • 24c · Other expenses: EDU SVC CTR, SUPP & MAT

    total $289,704 · program services $231,763 · management and general $57,941

  • 24d · Other expenses: MAINTENANCE AND REPAIR

    total $122,547 · program services $98,038 · management and general $24,509

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,722,904 · end of year $3,164,109

  • 3 · Pledges and grants receivable

    beginning of year $2,161,045 · end of year $2,521,805

  • 7 · Other notes and loans receivable

    end of year $11,796

  • 8 · Inventories for sale or use

    beginning of year $11,894 · end of year $11,894

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0

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

    $2,684,587

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

    $305,148

  • 10c · Land, buildings and equipment, net

    beginning of year $2,386,481 · end of year $2,379,439

  • 15 · Other assets

    beginning of year $0 · end of year $113,614

  • 17 · Accounts payable and accrued expenses

    beginning of year $782,917 · end of year $901,448

  • 23 · Secured mortgages and notes payable

    beginning of year $2,000,000 · end of year $1,970,833

  • 25 · Other liabilities

    beginning of year $0 · end of year $116,618

  • 27 · Net assets without donor restrictions

    beginning of year $5,052,546 · end of year $4,636,728

  • 28 · Net assets with donor restrictions

    beginning of year $446,861 · end of year $577,030

Mission and programs · 2022

Mission

THE VISION OF VALERE PUBLIC SCHOOLS IS TO SERVE AS A MODEL SCHOOL THAT SUCCESSFULLY PREPARES ALL STUDENTS, REGARDLESS OF ECONOMIC BACKGROUND, FOR A RIGOROUS HIGH SCHOOL CURRICULUM, GRADUATION, AND ULTIMATELY SUCCESS IN COLLEGE AND CAREER.

Activities or mission (Part I)

THE VISION OF VALERE PUBLIC SCHOOLS IS TO SERVE AS A MODEL SCHOOL THAT - SEE SCHEDULE O

  • VALERE PUBLIC SCHOOLS [VALERE] BELIEVES THAT EVERYONE DESERVES ACCESS TO QUALITY EDUCATION. STUDIES SHOW THAT WHERE A CHILD LIVES DIRECTLY IMPACTS THEIR CHANCES OF ATTENDING COLLEGE AND PURSUING OPPORTUNITIES TO EARN A LIVING WAGE, WHICH IS WHY VALERE OPERATES FREE, COLLEGE PREPARATORY SCHOOLS FOR PRE-K TO 12TH GRADERS THAT ARE ACCESSIBLE TO THE ENTIRE COMMUNITY WITH FREE TRANSPORTATION AND FREE AFTER-SCHOOL CARE. VALERE OFFERS FREE TUTORING AND ITS TEACHERS HAVE EXTENDED HOURS TO ENSURE IT IS PROVIDING STUDENTS WITH PERSONALIZED OPPORTUNITIES TO EXCEL IN LEARNING. VALERE OPERATES IN SEVERAL COMMUNITIES INCLUDING CORPUS CHRISTI, BROWNSVILLE, AND AUSTIN, TX. THE NUMBER OF STUDENTS SERVED: 1,052

    Expenses $11,085,814 · Revenue $9,712,147

As filed on the 2022 return.

Listed in Part VII

  • Cynthia A Davila

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • George Cantu

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Cristella Garcia

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dr Salvador Cavazos

    SUPERINTENDENT

    Total calculated
    $951,512
    From this org
    $870,714
    From related orgs
    $0
    Other
    $80,798
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $757,356
    Bonus
    $32,561
    Other
    $80,797
    Deferred
    $41,081
    Nontaxable benefits
    $39,717
    Filer's total
    $951,512

  • Samantha Hennig

    CFO

    Total calculated
    $92,160
    From this org
    $92,160
    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 · 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
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349305879

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