Civic Intelligence

The Post Oak School

990 • Fiscal year 2022 • EIN 74-1486232

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

4600 BissonnetBellaire, TX 77401

(713) 661-6688

Siviq Scores

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

Liabilities / Assets

66th percentile

0.39x

Higher debt load relative to assets than 66% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

75th percentile

0.88x

Higher debt load relative to revenue than 75% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

50th percentile

6.6%

Higher net margin than 50% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

76th percentile

$402,204

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

55th percentile

1.8%

Faster asset growth than 55% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

35th percentile

-3.5%

Faster revenue growth than 35% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$33,883,202

Up $586,349 (+1.8%) from 2021

Net Assets

Up

$20,819,397

Up $730,531 (+3.6%) from 2021

Liabilities

Down

$13,063,805

Down $144,182 (-1.1%) from 2021

Revenue

Down

$14,910,457

Down $537,387 (-3.5%) from 2021

Expenses

Up

$13,930,511

Up $206,887 (+1.5%) from 2021

Net Income

Down

$979,946

Down $744,274 (-43%) from 2021

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $9,735,092Liabilities 2010: $1,753,812Net Assets 2010: $7,981,2802010Assets 2011: $9,849,907Liabilities 2011: $1,290,432Net Assets 2011: $8,559,4752011Assets 2012: $14,070,495Liabilities 2012: $4,754,219Net Assets 2012: $9,316,2762012Assets 2013: $16,123,147Liabilities 2013: $4,430,133Net Assets 2013: $11,693,0142013Assets 2014: $18,078,376Liabilities 2014: $5,078,205Net Assets 2014: $13,000,1712014Assets 2015: $18,860,361Liabilities 2015: $4,561,265Net Assets 2015: $14,299,0962015Assets 2016: $23,908,437Liabilities 2016: $9,110,678Net Assets 2016: $14,797,7592016Assets 2017: $26,317,226Liabilities 2017: $10,382,232Net Assets 2017: $15,934,9942017Assets 2018: $25,751,615Liabilities 2018: $8,406,747Net Assets 2018: $17,344,8682018Assets 2019: $28,003,356Liabilities 2019: $10,219,612Net Assets 2019: $17,783,7442019Assets 2020: $32,850,905Liabilities 2020: $15,472,589Net Assets 2020: $17,378,3162020Assets 2021: $33,296,853Liabilities 2021: $13,207,987Net Assets 2021: $20,088,8662021Assets 2022: $33,883,202Liabilities 2022: $13,063,805Net Assets 2022: $20,819,3972022Assets 2023: $34,654,794Liabilities 2023: $12,970,451Net Assets 2023: $21,684,3432023Assets 2024: $35,791,780Liabilities 2024: $13,030,918Net Assets 2024: $22,760,8622024

Highlighted filing

2022

Assets$33,883,202
Liabilities$13,063,805
Net Assets$20,819,397

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $5,690,4772010Expenses 2011: $6,499,2112011Expenses 2012: $6,933,2482012Expenses 2013: $8,017,4152013Revenue 2014: $9,888,155Expenses 2014: $8,843,619Net Income 2014: $1,044,5362014Revenue 2015: $11,243,306Expenses 2015: $9,908,702Net Income 2015: $1,334,6042015Revenue 2016: $11,414,017Expenses 2016: $10,351,709Net Income 2016: $1,062,3082016Revenue 2017: $12,233,189Expenses 2017: $11,616,494Net Income 2017: $616,6952017Revenue 2018: $13,160,749Expenses 2018: $12,452,464Net Income 2018: $708,2852018Revenue 2019: $14,258,371Expenses 2019: $13,577,838Net Income 2019: $680,5332019Revenue 2020: $14,152,219Expenses 2020: $14,159,507Net Income 2020: -$7,2882020Revenue 2021: $15,447,844Expenses 2021: $13,723,624Net Income 2021: $1,724,2202021Revenue 2022: $14,910,457Expenses 2022: $13,930,511Net Income 2022: $979,9462022Revenue 2023: $15,815,791Expenses 2023: $15,312,868Net Income 2023: $502,9232023Revenue 2024: $16,962,647Expenses 2024: $16,219,613Net Income 2024: $743,0342024

Highlighted filing

2022

Revenue$14,910,457
Expenses$13,930,511
Net Income$979,946
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$15,183,230
Mission and Program Overview

Mission

The mission of The Post Oak School is to provide a superior Montessori environment and dynamic learning experiences which are designed according to the developmental characteristics and needs of children; to guide and nurture each child - intellectually, socially, and emotionally.

The Post Oak School was founded to provide a superior Montessori environment and dynamic learning experiences which are designed according to the developmental characteristics and needs of children to guide and nurture each child intellectually, socially, and emotionally.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,332,695$22,213,240▼ $119,455
Savings and Temporary Cash Investments$5,290,557$5,305,030▲ $14,473
Investments in Publicly Traded Securities$3,350,086$3,025,024▼ $325,062
Cash and Non-Interest-Bearing Accounts$1,396,857$2,619,233▲ $1,222,376
Pledges and Grants Receivable$524,630$518,630▼ $6,000
Prepaid Expenses and Deferred Charges$307,503$172,838▼ $134,665
Accounts Receivable$94,525$7,053▼ $87,472
Total Assets$33,296,853$33,883,202▲ $586,349
Other Assets Total$0$22,154▲ $22,154
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,863,062$9,357,283▼ $505,779
Deferred Revenue$2,765,038$3,027,358▲ $262,320
Accounts Payable and Accrued Expenses$308,385$679,164▲ $370,779
Other Liabilities$271,502$0▼ $271,502
Total Liabilities$13,207,987$13,063,805▼ $144,182
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,361,121$19,299,406▲ $938,285
Net Assets With Donor Restrictions$1,727,745$1,519,991▼ $207,754
Total Net Assets Fund Balance$20,088,866$20,819,397▲ $730,531
Total Liabilities and Net Assets / Fund Balance$33,296,853$33,883,202▲ $586,349

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,897,478$7,833,005$17,730,483
Land$11,558,400-$11,558,400
Equipment$287,540$1,298,831$1,586,371
Other Land Buildings$469,822-$469,822

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$3,342,859$53,724▼ $378,787-$3,017,796
2020$2,396,512$43,052▲ $903,295-$3,342,859
2019$2,497,824-▼ $101,312-$2,396,512
2018$2,395,254$40,657▲ $61,913-$2,497,824
2017$2,186,790$25,492▲ $182,972-$2,395,254
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Maura JoycePresident, Head of SchoolFT$355,982$46,222$402,204
Kelly VaughnCFOFT$183,749$19,263$203,012
Mirani SmithHMI DirectorFT$129,766$15,496$145,262
James QuillinHS DirectorFT$113,029$15,286$128,315
Mirna Andrade-SalgadoDirector of TechnologyFT$103,895$13,966$117,861

Board Members and Trustees

NameTitle
Vean GreggChairman
Alison WongTrustee
Gabriel LoperenaTrustee
Judy LeTrustee
Mark MartinTrustee
Raj ChelapurathTrustee
Rob BruceTrustee
Rochelle TafollaTrustee
Rona SonabendTrustee
Sebha AliTrustee
Whitney WalshTrustee
Gregory HanSecretary
Rick EvansTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mission ConstructionConstruction3813 Buffalo Speedway 150, Houston, TX 77098$670,287
DTK Facility ServicesJanitorial services9821 Katy Fwy 500, Houston, TX 77024$183,048
Revenue and Support

Revenue Composition

Contributions and Grants
$851,838
Program Service Revenue
$13,603,270
Investment Income
$170,492
Other Revenue
$284,857
All Other Contributions
$375,378
Change in Net Assets
$979,946

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table189$136,150Fair Market Value (FMV)
Total Noncash Contributions189$136,150-

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,570,300
Revenue Not Reported on Financial Statements
$1,340,157
Revenue Not Reported on Form 990
$-543,071
Other Revenue Adjustments
$1,340,157
Total Revenue per Audited Statements
$13,027,229
Total Revenue per Form 990
$14,910,457
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,528,336
Other Expenses$4,094,913
Grants and Similar Amounts Paid$1,307,262
Total Fundraising Expense$469,211
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,245,566$1,057,843$194,458$6,497,867
Grants to Domestic Individuals$1,307,262--$1,307,262
Occupancy$923,298$45,066$4,274$972,638
Depreciation Depletion$779,081$10,855$1,416$791,352
Other Employee Benefits$653,144$32,235$5,872$691,251
Current Officers, Directors, Trustees, and Key Employees$224,875$260,867$93,490$579,232
Payroll Taxes$379,442$81,504$18,284$479,230
Conferences and Meetings$282,138$40,420$1,861$324,419
Interest$296,787--$296,787
Pension Plan Contributions$257,943$18,868$3,945$280,756
Insurance$237,236$14,449$2,362$254,047
Information Technology$190,972$31,827$6,782$229,581
Office Expenses$55,239$75,578$44,448$175,265
Fees for Services Other$106,388$23,481$7,504$137,373
Other Expenses$39,047$8,048$4,241$51,336
Fees for Services Accounting-$35,568-$35,568
All Other Expenses$32,895--$32,895
Fees for Services Legal-$9,163-$9,163
Total Functional Expenses$11,648,129$1,813,171$469,211$13,930,511

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$13,930,511
Expenses per Audited Statements$12,590,354
Total Expenses per Audited Statements$12,590,354
Expenses Not Reported on Financial Statements$1,340,157
Other Expense Adjustments$1,340,157
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$549,065
Fundraising Direct Expenses$264,208
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
POPA Gala$1,025,525$549,065$161,133$387,932
Total Events$1,025,525$549,065$264,208$284,857
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

Form 990 is reviewed by the CFO and the Audit Committee. After approval, a final copy is made available for all Trustees to review via the Board of Trustees portal on the School website. Trustees are asked to review and comment on the Form prior to filing with the IRS.

Form 990, Part VI, Section B, line 12C

Compliance with the conflict of interest policy is enforced through the use of an annual questionnaire. The completed questionnaires are reviewed by the Board Chair, President, and CFO to confirm that no potential conflicts of interest exist.

Form 990, Part VI, Section B, line 15

The Head of School's annual compensation is determined by the Head Support & Evaluation Committee using NAIS and ISAS along with using a compensation consultant and other data points in addition to the Committee's performance review. The Committee then presents its findings to the full Board who vote on the compensation amount and contract renewal. The Head Support & Evaluation Committee reviews the comparative data that is used to determine the compensation of other key employees.

Form 990, Part VI, Section C, line 19

Governing documents, policies, and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
The Post Oak School
EIN
74-1486232
Phone
7136616688
Address
4600 Bissonnet, Bellaire, TX 77401

Signing Officer

Name
Maura Joyce
Title
President
Phone
7136616688
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maura Joyce
Formed
1964
Legal Domicile
TX
Voting Board Members
14
Independent Board Members
13
Employees
143
Volunteers
125

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027
Preparer
Barbara Murphy
Phone
7134395739
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Change in value of derivative agreement 293,656.

Financial Statement Notes

Part V, Line 4:

The Endowment fund is dedicated to benefitting The Post Oak School by supporting program enrichment, specific teaching programs, Montessori training, staff professional development, tuition assistance, and operation and maintenance of the facilities.

Part XI, Line 4B - Other Adjustments:

Financial aid to students 1,307,262. School event expenses 32,895.

Part XII, Line 4B - Other Adjustments:

Financial aid to students 1,307,262. School event expenses 32,895.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Vean Gregg
IRS990/Form990PartVIISectionAGrp/PersonNm1Gregory Han
IRS990/Form990PartVIISectionAGrp/PersonNm2Rick Evans
IRS990/Form990PartVIISectionAGrp/PersonNm3Sebha Ali
IRS990/Form990PartVIISectionAGrp/PersonNm4Rob Bruce
IRS990/Form990PartVIISectionAGrp/PersonNm5Raj Chelapurath
IRS990/Form990PartVIISectionAGrp/PersonNm6Judy Le
IRS990/Form990PartVIISectionAGrp/PersonNm7Gabriel Loperena
IRS990/Form990PartVIISectionAGrp/PersonNm8Mark Martin
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IRS990/Form990PartVIISectionAGrp/PersonNm11Whitney Walsh
IRS990/Form990PartVIISectionAGrp/PersonNm12Alison Wong
IRS990/Form990PartVIISectionAGrp/PersonNm13Maura Joyce
IRS990/Form990PartVIISectionAGrp/PersonNm14Kelly Vaughn
IRS990/Form990PartVIISectionAGrp/PersonNm15Mirani Smith
IRS990/Form990PartVIISectionAGrp/PersonNm16James Quillin
IRS990/Form990PartVIISectionAGrp/PersonNm17Mirna Andrade-Salgado
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13President, Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt14CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt15HMI Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16HS Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director of Technology
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IRS990/MissionDesc0See Schedule OThe mission of The Post Oak School is to prepare an outstanding Montessori environment that fosters collaboration, cooperation and peace, and to provide experiences that promote curiosity, inquiry and engagement. Designed according to the physical, emotional, social, and intellectual characteristics and needs of the learner, our methods guide and nurture each individual from infancy to adulthood. The School's approach is grounded in the principles of AMI Montessori education.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt020819397
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-543071
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IRS990/NoncashContributionsAmt0136150
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IRS990/OfficeExpensesGrp/FundraisingAmt044448
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt075578
IRS990/OfficeExpensesGrp/ProgramServicesAmt055239
IRS990/OfficeExpensesGrp/TotalAmt0175265
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IRS990/OtherChangesInNetAssetsAmt0293656
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05872
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt032235
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0653144
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0691251
IRS990/OtherExpensesGrp/Desc0Edu materials & supplie
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IRS990/OtherExpensesGrp/Desc2Uncollectible amounts
IRS990/OtherExpensesGrp/Desc3Dues & subscriptions
IRS990/OtherExpensesGrp/FundraisingAmt080274
IRS990/OtherExpensesGrp/FundraisingAmt14241
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IRS990/PrincipalOfficerNm0Maura Joyce
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IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
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IRS990/ProgramServiceRevenueGrp/Desc0Tuition and fees
IRS990/ProgramServiceRevenueGrp/Desc1Tuition summer/ext day
IRS990/ProgramServiceRevenueGrp/Desc2Tuition and fees - HMI
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1362371
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2121063
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt322480
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1362371
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2121063
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt322480
IRS990/ProgSrvcAccomActy2Grp/Desc0The Post Oak School offers an extensive program of parent education. A free series of four classes, repeated throughout the year, offers general information about Montessori education to both prospective parents and interested visitors. The infant-parent program helps parents of toddlers raise happy, self confident children. A variety of other classes, lectures, and other presentations during the school year, some free and open to the public and others by reservation, afford a variety of perspectives on the School's primary purpose of raising intelligent, confident, caring, and self-motivated lifelong learners.
IRS990/ProgSrvcAccomActy3Grp/Desc0Community service is deeply ingrained in the Montessori curriculum, from infancy through adolescence. By the time of Middle School, the entire class spends a half day each week working in small groups at various service agencies around Houston. Elementary students have ongoing relationships with other agencies, whether through regular site visits for volunteer work or by working on projects to benefit needy people in more distant places. Older children routinely learn the benefits and blessing of aiding others in the school's multi-age classrooms. Even the infants, living in a small tight-knit community, discover early on that other people have feelings.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0After an extensive planning and application process, the Houston Montessori Institute had 22 students in the summer of 2021. This training class is taught over a period of three summers and upon completion, the students will be qualified to teach in an Association Montessori Internationale (AMI) classroom. This program has been approved by AMI as well as the Texas Workforce Commission as a Career School. This training center serves the greater Houston and surrounding areas as well as students from around the country and the world.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Faculty and Staff regularly present at national Montessori conferences and attend both national and international Montessori congresses. The School's administration has led the formation of a national Montessori administrators association. Multiple organizations, whether devoted to Montessori or traditional education, like the North American Montessori Teachers Association (NAMTA) or Independent School Management (ISM) recommend Post Oak materials, policies, and procedures as models of best practices for similar schools.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.8$13.0$22.8$17.0$16.2$0.74
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.7$13.0$21.7$15.8$15.3$0.50
2022Detailed filing. Detailed filing data is available for this year.$33.9$13.1$20.8$14.9$13.9$0.98
2021Detailed filing. Detailed filing data is available for this year.$33.3$13.2$20.1$15.4$13.7$1.72
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.9$15.5$17.4$14.2$14.2$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.0$10.2$17.8$14.3$13.6$0.68
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.8$8.41$17.3$13.2$12.5$0.71
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.3$10.4$15.9$12.2$11.6$0.62
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.9$9.11$14.8$11.4$10.4$1.06
2015Detailed filing. Detailed filing data is available for this year.$18.9$4.56$14.3$11.2$9.91$1.33
2014Detailed filing. Detailed filing data is available for this year.$18.1$5.08$13.0$9.89$8.84$1.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$4.43$11.7$8.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.1$4.75$9.32$6.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.85$1.29$8.56$6.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.74$1.75$7.98$5.69