Civic Intelligence

Houston Gateway Academy Inc.

990 • Fiscal year 2018 • EIN 31-1614343

Sep 01, 2017 to Aug 31, 2018 • Filed on Jul 09, 2019

7310 Bowie StreetHouston, TX 77012

(832) 649-2700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

50th percentile

0.27x

Higher debt load relative to assets than 50% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.82x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

68th percentile

12%

Higher net margin than 68% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

55th percentile

$379,392

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

91st percentile

27%

Faster asset growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

12th percentile

-16%

Faster revenue growth than 12% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Assets

Up

$59,435,202

Up $12,610,081 (+27%) from 2017

Net Assets

Up

$43,136,873

Up $2,362,272 (+5.8%) from 2017

Liabilities

Up

$16,298,329

Up $10,247,809 (+169%) from 2017

Revenue

Down

$19,788,267

Down $3,651,389 (-16%) from 2017

Expenses

Up

$17,489,566

Up $984,095 (+6.0%) from 2017

Net Income

Down

$2,298,701

Down $4,635,484 (-67%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2012: $22,930,311Liabilities 2012: $8,145,256Net Assets 2012: $14,785,0552012Assets 2013: $26,220,956Liabilities 2013: $7,108,493Net Assets 2013: $19,112,4632013Assets 2014: $32,147,287Liabilities 2014: $9,036,501Net Assets 2014: $23,110,7862014Assets 2015: $34,366,013Liabilities 2015: $6,675,874Net Assets 2015: $27,690,1392015Assets 2016: $40,320,459Liabilities 2016: $6,352,700Net Assets 2016: $33,967,7592016Assets 2017: $46,825,121Liabilities 2017: $6,050,520Net Assets 2017: $40,774,6012017Assets 2018: $59,435,202Liabilities 2018: $16,298,329Net Assets 2018: $43,136,8732018Assets 2020: $62,990,199Liabilities 2020: $5,226,004Net Assets 2020: $57,764,1952020Assets 2021: $78,886,053Liabilities 2021: $3,601,950Net Assets 2021: $75,284,1032021Assets 2022: $92,608,918Liabilities 2022: $4,340,072Net Assets 2022: $88,268,8462022Assets 2023: $100,720,262Liabilities 2023: $1,689,242Net Assets 2023: $99,031,0202023Assets 2024: $111,577,348Liabilities 2024: $1,902,562Net Assets 2024: $109,674,7862024

Highlighted filing

2018

Assets$59,435,202
Liabilities$16,298,329
Net Assets$43,136,873

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0Expenses 2012: $7,813,4992012Expenses 2013: $10,437,9932013Revenue 2014: $16,674,804Expenses 2014: $12,681,956Net Income 2014: $3,992,8482014Revenue 2015: $19,198,195Expenses 2015: $13,836,199Net Income 2015: $5,361,9962015Revenue 2016: $20,190,641Expenses 2016: $13,969,189Net Income 2016: $6,221,4522016Revenue 2017: $23,439,656Expenses 2017: $16,505,471Net Income 2017: $6,934,1852017Revenue 2018: $19,788,267Expenses 2018: $17,489,566Net Income 2018: $2,298,7012018Revenue 2020: $26,877,419Expenses 2020: $16,591,183Net Income 2020: $10,286,2362020Revenue 2021: $32,736,217Expenses 2021: $15,773,143Net Income 2021: $16,963,0742021Revenue 2022: $30,104,299Expenses 2022: $17,532,859Net Income 2022: $12,571,4402022Revenue 2023: $28,755,470Expenses 2023: $18,040,088Net Income 2023: $10,715,3822023Revenue 2024: $31,815,348Expenses 2024: $21,163,338Net Income 2024: $10,652,0102024

Highlighted filing

2018

Revenue$19,788,267
Expenses$17,489,566
Net Income$2,298,701
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jul 9, 2019
Return Version
2017v2.3
Gross Receipts
$24,066,117
Mission and Program Overview

Mission

Develop strong critical thinkers that will graduate from competitive colleges by providing character development and rigorous curriculum.

To develop strong critical thinkers that will graduate from four year colleges by providing character development and rigorous curriculum

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$25,853,032$34,843,750▲ $8,990,718
Cash and Non-Interest-Bearing Accounts$18,248,378$20,236,456▲ $1,988,078
Investments in Publicly Traded Securities$1,499,952$2,663,349▲ $1,163,397
Inventories for Sale or Use-$921,789-
Savings and Temporary Cash Investments$1,170,887$378,722▼ $792,165
Pledges and Grants Receivable$38,304$204,288▲ $165,984
Accounts Receivable-$172,520-
Total Assets$46,825,121$59,435,202▲ $12,610,081
Other Assets Total$14,568$14,328▼ $240
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,796,259$15,183,614▲ $10,387,355
Accounts Payable and Accrued Expenses$711,637$603,912▼ $107,725
Other Liabilities$542,624$510,803▼ $31,821
Total Liabilities$6,050,520$16,298,329▲ $10,247,809
Net Assets / Fund Balance
Temporarily Rstr Net Assets$34,669,338$40,597,418▲ $5,928,080
Unrestricted Net Assets$6,105,263$2,539,455▼ $3,565,808
Total Net Assets Fund Balance$40,774,601$43,136,873▲ $2,362,272
Total Liabilities and Net Assets / Fund Balance$46,825,121$59,435,202▲ $12,610,081

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$26,033,803$3,578,545$29,612,348
Land$8,471,686-$8,471,686
Equipment$297,698$3,019,009$3,316,707
Other Land Buildings$40,563$257,278$297,841
Other Assets Org$14,328--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sonia TrocheBoard Treasurer-$379,392$379,392
Darell W BordenBoard President-$287,416$287,416
Edna SangelMember-$153,940$153,940
Gilbert RamonBoard Secretary-$127,380$127,380
Richard GarzaCEOFT$120,392$120,392
Elizabeth MccarthyCompliance OfficerFT$119,717$119,717
Shaun GaribaldiAdministrative OfficerFT$113,614$113,614

Board Members and Trustees

NameTitle
Rick ReyesController
Francisco PenningDean of Academics
Ignacio I ArroyoPrincipal
Tiffany a Johnson-wrightPrincipal

Highest Paid Contractors

ContractorServicesLocationCompensation
Revolution FoodsFood Service13823 N PROMENADE BLVD, Los Angeles, CA 90074-2759$1,094,965
Revenue and Support

Revenue Composition

Contributions and Grants
$23,755,413
Program Service Revenue
$0
Investment Income
$-3,967,146
Other Revenue
$0
All Other Contributions
$1,222,735
Change in Net Assets
$2,298,701
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,315,283
Other Expenses$5,174,283
Total Fundraising Expense$98,729
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,794,621$785,433-$10,580,054
Other Employee Benefits$962,559$267,786-$1,230,345
All Other Expenses$804,008$96,160$98,729$998,897
Depreciation Depletion$723,092--$723,092
Other Expenses$394,000--$394,000
Current Officers, Directors, Trustees, and Key Employees-$298,934-$298,934
Fees for Services Other$289,336--$289,336
Interest$235,077--$235,077
Payroll Taxes$181,293$24,657-$205,950
Insurance$54,976$127,344-$182,320
Office Expenses$175,438--$175,438
Fees for Services Legal-$157,072-$157,072
Travel$64,553$84,358-$148,911
Occupancy$119,151--$119,151
Fees for Services Accounting-$48,900-$48,900
Advertising-$12,350-$12,350
Total Functional Expenses$15,487,843$1,902,994$98,729$17,489,566
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Liabilities$263,411
Accrued Wages Taxes$247,392
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 11B

Form 990 is reviewed and approved by the governing board

Part VI Line 11B

Members before it is filed.

Part VI Line 19

Houston gateway academy, inc. Posts policies &

Part VI Line 19

Financial statements on it own website.

Filing and Contact Details

Filer

Filer Name
Houston Gateway Academy Inc
EIN
31-1614343
In Care Of
% RICHARD GARZA
Phone
8326492700
Address
7310 BOWIE STREET, HOUSTON, TX 77012

Signing Officer

Name
Richard Garza
Title
CEO
Phone
8326492700
Signed
2019-07-09

Organization Details

Principal Officer
Richard Garza
Formed
1998
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
227
Supplemental Narrative

Additional Explanations

Part IX Line 11G

PROFESSIONAL FEES Total expenses - $289336.00 Program service expenses - $289336.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

OTHER Total expenses - $998897.00 Program service expenses - $804008.00 Mgmt and general expenses - $96160.00 Fundraising expenses - $98729.00

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DARELL W BORDEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1GILBERT RAMON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2SONIA TROCHE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3EDNA SANGEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4RICHARD GARZA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5SHAUN GARIBALDI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm6ELIZABETH MCCARTHY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm7FRANCISCO PENNING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm8RICK REYES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm9IGNACIO I ARROYO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm10TIFFANY A JOHNSON-WRIGHT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BOARD PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1BOARD SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2BOARD TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5ADMINISTRATIVE OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt6COMPLIANCE OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt7DEAN OF ACADEMICS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt8CONTROLLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt9PRINCIPAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt10PRINCIPAL
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED AND APPROVED BY THE GOVERNING BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HOUSTON GATEWAY ACADEMY, INC. POSTS POLICIES &
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCIAL STATEMENTS ON IT OWN WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES Total expenses - $289336.00 Program service expenses - $289336.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER Total expenses - $998897.00 Program service expenses - $804008.00 Mgmt and general expenses - $96160.00 Fundraising expenses - $98729.00
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 11b
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI Line 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt034669338

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