Civic Intelligence

Uplift Education

990 • Fiscal year 2023 • EIN 75-2659683

Jul 01, 2022 to Jun 30, 2023 • Filed on May 07, 2024

Refreshing map…

3000 Pegasus Park Drive 1100Dallas, TX 75247

(469) 621-8500

Siviq Scores

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

Liabilities / Assets

87th percentile

0.90x

Higher debt load relative to assets than 87% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

1.74x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Net Margin

49th percentile

1.6%

Higher net margin than 49% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Top Officer Pay

12th percentile

$314,012

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Asset Growth

74th percentile

11%

Faster asset growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Revenue Growth

58th percentile

6.4%

Faster revenue growth than 58% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Assets

Up

$587,652,175

Up $58,247,430 (+11%) from 2022

Net Assets

Up

$56,982,559

Up $4,785,293 (+9.2%) from 2022

Liabilities

Up

$530,669,616

Up $53,462,137 (+11%) from 2022

Revenue

Up

$304,686,794

Up $18,226,537 (+6.4%) from 2022

Expenses

Up

$299,901,501

Up $14,101,362 (+4.9%) from 2022

Net Income

Up

$4,785,293

Up $4,125,175 (+625%) from 2022

Historical Trend

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2011: $109,782,681Liabilities 2011: $97,412,183Net Assets 2011: $12,370,4982011Assets 2012: $188,097,439Liabilities 2012: $175,512,415Net Assets 2012: $12,585,0242012Assets 2013: $213,153,372Liabilities 2013: $199,440,418Net Assets 2013: $13,712,9542013Assets 2014: $223,789,067Liabilities 2014: $207,632,055Net Assets 2014: $16,157,0122014Assets 2015: $334,624,229Liabilities 2015: $300,553,929Net Assets 2015: $34,070,3002015Assets 2016: $334,522,936Liabilities 2016: $293,348,539Net Assets 2016: $41,174,3972016Assets 2017: $388,379,615Liabilities 2017: $352,171,173Net Assets 2017: $36,208,4422017Assets 2018: $465,332,274Liabilities 2018: $418,235,423Net Assets 2018: $47,096,8512018Assets 2019: $469,332,189Liabilities 2019: $415,149,808Net Assets 2019: $54,182,3812019Assets 2020: $495,174,277Liabilities 2020: $446,738,297Net Assets 2020: $48,435,9802020Assets 2021: $529,971,241Liabilities 2021: $478,525,240Net Assets 2021: $51,446,0012021Assets 2022: $529,404,745Liabilities 2022: $477,207,479Net Assets 2022: $52,197,2662022Assets 2023: $587,652,175Liabilities 2023: $530,669,616Net Assets 2023: $56,982,5592023Assets 2024: $590,669,844Liabilities 2024: $516,215,062Net Assets 2024: $74,454,7822024

Highlighted filing

2023

Assets$587,652,175
Liabilities$530,669,616
Net Assets$56,982,559

Operations Trend

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

$400M$300M$200M$100M$0Expenses 2011: $47,791,0582011Expenses 2012: $61,386,5732012Expenses 2013: $76,970,4132013Revenue 2014: $99,348,011Expenses 2014: $96,903,953Net Income 2014: $2,444,0582014Revenue 2015: $125,652,955Expenses 2015: $114,889,517Net Income 2015: $10,763,4382015Revenue 2016: $141,182,318Expenses 2016: $137,970,780Net Income 2016: $3,211,5382016Revenue 2017: $162,361,162Expenses 2017: $155,235,430Net Income 2017: $7,125,7322017Revenue 2018: $187,534,255Expenses 2018: $176,594,436Net Income 2018: $10,939,8192018Revenue 2019: $208,858,303Expenses 2019: $201,737,157Net Income 2019: $7,121,1462019Revenue 2020: $233,920,259Expenses 2020: $229,611,442Net Income 2020: $4,308,8172020Revenue 2021: $254,959,728Expenses 2021: $254,089,904Net Income 2021: $869,8242021Revenue 2022: $286,460,257Expenses 2022: $285,800,139Net Income 2022: $660,1182022Revenue 2023: $304,686,794Expenses 2023: $299,901,501Net Income 2023: $4,785,2932023Revenue 2024: $332,634,668Expenses 2024: $315,162,445Net Income 2024: $17,472,2232024

Highlighted filing

2023

Revenue$304,686,794
Expenses$299,901,501
Net Income$4,785,293
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 7, 2024
Return Version
2022v5.0
Gross Receipts
$304,686,794
Mission and Program Overview

Mission

Uplift education's mission is to create and sustain public schools of excellence that empower each student to reach their highest potential in college and the global marketplace and that inspire in the students a life-long love of learning, achievement, and service in order to positively change their world.

Uplift education's mission is to create and sustain public schools of excellence that empower each student to reach their highest potential in college and the global marketplace and that inspire in students a life-long love of learning, achievement, and service in order to positively change their world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$380,565,275$401,725,495▲ $21,160,220
Savings and Temporary Cash Investments$32,176,970$68,525,478▲ $36,348,508
Cash and Non-Interest-Bearing Accounts$59,613,357$57,728,631▼ $1,884,726
Accounts Receivable$44,036,440$47,461,907▲ $3,425,467
Intangible Assets$11,328,892$10,603,500▼ $725,392
Pledges and Grants Receivable$272,325$366,667▲ $94,342
Total Assets$529,404,745$587,652,175▲ $58,247,430
Other Assets Total$1,411,486$1,240,497▼ $170,989
Liabilities
Tax Exempt Bond Liabilities$415,985,000$471,790,000▲ $55,805,000
Accounts Payable and Accrued Expenses$21,631,694$25,464,423▲ $3,832,729
Other Liabilities$24,809,817$21,028,837▼ $3,780,980
Mortgage Notes Payable Secured by Investment Property$13,694,852$11,000,000▼ $2,694,852
Deferred Revenue$1,086,116$1,386,356▲ $300,240
Total Liabilities$477,207,479$530,669,616▲ $53,462,137
Net Assets / Fund Balance
Net Assets With Donor Restrictions$59,479,984$72,463,451▲ $12,983,467
Net Assets Without Donor Restrictions$-7,282,718$-15,480,892▼ $8,198,174
Total Net Assets Fund Balance$52,197,266$56,982,559▲ $4,785,293
Total Liabilities and Net Assets / Fund Balance$529,404,745$587,652,175▲ $58,247,430

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$305,719,348$106,193,538$411,912,886
Land$46,633,936-$46,633,936
Other Land Buildings$41,775,153-$41,775,153
Equipment$7,597,058$13,764,963$21,362,021
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Yasmin BhatiaChief Executive OfficerFT$289,052$24,960$314,012
Remy WashingtonChief Academic OfficerFT$228,779$20,340$249,119
Deborah BinghamChief External Affairs OfficerFT$227,954$17,800$245,754
Alexander BerkChief Legal OfficerFT$205,754$17,255$223,009
Johnny DeasChief Operations OfficerFT$199,334$17,800$217,134
Anne EricksonChief People OfficerFT$198,292$17,255$215,547
Michael CarboneChief of SchoolsFT$167,448$14,210$181,658
John GaskoChief Well-being & Sel OfficerFT$163,716$16,748$180,464
Rafael M DominguezManaging DirectorFT$161,413$12,688$174,101
Tracy R OdomAcademic DirectorFT$154,314$11,280$165,594
Angela TristanSr Director - Campus SupportFT$153,608$11,571$165,179
Hannah W MensahManaging DirectorFT$146,614$11,306$157,920
Kecia F ClarkManaging DirectorFT$143,804$12,180$155,984
James JahnkeChief Financial OfficerFT$135,546$11,981$147,527

Board Members and Trustees

NameTitle
Callum ClarkChair
James StantonChair, Advocacy Committee
Ed TauricChair, Audit Committee
John BeckertChair, Development Committee
Michael StackChair, Finance Committee
Andre McewingChair, Fort Worth Advisory Board
Dawn DavidsonChair, Governance Committee
Cameron JohnsonChair, Real Estate and School Development Committe
John McphersonChair, Strategic Planning Committee
Christine VandeveldeCo-chair, School Engagement Committee
Pilar DaviesCo-chair, School Engagement Committee
Dr Lael C MelvilleVice-chair
Ricky GarciaAt-large
Leslie BerlinChief Financial Officer

Highest Paid Contractors

ContractorServicesLocationCompensation
Kokua Education INCStaffing Services73 W MONROE, Chicago, IL 60603$2,922,022
Kelly Services INCTemp Staffing Services999 WEST BIG BEAVER RD, Troy, MI 48084$2,638,800
Intervene K-12Tutoring ServicesP O BOX 1691, Stafford, TX 77497$2,334,596
Texas TutorsTutoring Services3824 CEDAR SPRINGS RD 504, Dallas, TX 75219$1,777,845
HksArchitecture ServicesP O BOX 731121, Dallas, TX 75373$1,237,664
Revenue and Support

Revenue Composition

Contributions and Grants
$289,958,451
Program Service Revenue
$12,582,058
Investment Income
$1,704,502
Other Revenue
$441,783
All Other Contributions
$5,205,447
Change in Net Assets
$4,785,293

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table5$21,138Comparable Sales
Other Non Cash Contri Table2$8,960Comparable Sales
Other Non Cash Contri Table2$3,097Comparable Sales
Food Inventory3$2,911Comparable Sales
Clothing and Household Goods-$300Thrift Shop
Total Noncash Contributions12$36,406-

Audited Revenue Reconciliation

Revenue per Audited Statements
$304,686,794
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$16,000
Total Revenue per Audited Statements
$304,702,794
Total Revenue per Form 990
$304,686,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$193,084,877
Other Expenses$106,640,896
Total Fundraising Expense$519,841
Grants and Similar Amounts Paid$175,728
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$163,696,853$4,729,678$263,907$168,690,438
Fees for Services Other$29,684,771$3,095,879$38,145$32,818,795
Interest$16,849,016--$16,849,016
Depreciation Depletion$15,372,259--$15,372,259
Other Employee Benefits$10,600,774$85,953$7,760$10,694,487
Pension Plan Contributions$8,555,661$133,260$7,142$8,696,063
Information Technology$7,701,908$160,960-$7,862,868
Occupancy$7,143,011$10,720-$7,153,731
All Other Expenses$3,362,184$1,125,162$2,254$4,489,600
Payroll Taxes$2,631,035$87,777$6,444$2,725,256
Current Officers, Directors, Trustees, and Key Employees$750,030$1,337,361$191,242$2,278,633
Travel$2,043,287$99,718$277$2,143,282
Insurance$1,708,421--$1,708,421
Office Expenses$1,058,144$59$1,149$1,059,352
Other Expenses$1,044,133$0$0$1,044,133
Fees for Services Legal-$393,450-$393,450
Grants to Domestic Individuals$175,728--$175,728
Fees for Services Accounting-$95,766-$95,766
Total Functional Expenses$287,968,961$11,412,699$519,841$299,901,501

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$299,917,501
Expenses per Audited Statements$299,901,501
Total Expenses per Form 990$299,901,501
Expenses Not Reported on Form 990$16,000
Expenses Not Reported on Financial Statements$0
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
Lease Liabilities$13,175,866
Bond Premium Less Unamortized Financing Costs$6,502,238
Funds Held for Student and Parent Groups$1,350,733

Bond Issues

BondIssuerIssuedIssue PricePurpose
AArlington Higher Education Finance Corporation2019-08-19$91,090,000Facility purchase, advance refunding & debt service
ANorth Texas Education Finance Corp2012-09-19$80,780,000Facility purchase & debt service
BArlington Higher Ed Finance Corp2017-05-31$74,405,000Facility purchase, advance funding, & debt service
BClifton Higher Ed Finance Corp2013-01-24$44,960,000Facility purchase & debt service
DClifton Higher Ed Finance Corp2015-06-04$43,470,000Facility purchase & debt service
AArlington Higher Ed Finance Corp2016-07-07$42,980,000Facility purchase, advance funding, & debt service
CClifton Higher Ed Finance Corp2014-08-28$41,750,000Facility purchase & debt service
DArlington Higher Ed Finance Corp2018-06-07$39,450,000Facility purchase & debt service
BArlington Higher Ed Finance Corp2020-08-05$28,725,000Facility purchase, advance funding, & debt service
CArlington Higher Ed Finance Corp2017-08-31$25,380,000Facility purchase & debt service

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$91,090,000-$2,130,000$4,296,342
B$87,625,520-$6,745,000$1,485,629
A$80,780,000$14,716,508$11,925,000$1,810,914
A$48,458,413-$4,520,000$1,196,683
B$45,243,721$2,006,722$6,770,000$1,081,180
D$44,852,752$5,597,346$3,590,000$1,218,741
D$42,552,516-$1,610,000$2,098,922
C$41,750,000$5,000,000$4,585,000$1,149,802
B$28,725,000-$605,000$1,654,917
C$28,593,302-$1,440,000$581,120

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
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
No
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

The 990 form is reviewed by the management and audit committee prior to filing.

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

Board members submit the tea required charter school governance report annually. Board members receive annual training on conflict of interest policy.

Form 990, Part VI, Section B, Line 15A

The board currently does the evaluation of the chief executive officer. They approve any changes to the ceo's salary or compensation. Other key employees (executive team) are reviewed by the chief executive officer. Salaries are approved indirectly through board's approval of the budget.

Form 990, Part VI, Section C, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Uplift Education
EIN
75-2659683
Phone
4696218500
Address
3000 PEGASUS PARK DRIVE 1100, DALLAS, TX 75247

Signing Officer

Name
Leslie Berlin
Title
CFO
Phone
4696218500
Signed
2024-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yasmin Bhatia
Formed
1996
Legal Domicile
TX
Voting Board Members
13
Independent Board Members
13
Employees
3,450
Volunteers
3,597

Preparer

Firm
Weaver and Tidwell Llp
Address
499 W SHERIDAN AVE SUITE 2450, OKLAHOMA CITY, OK 73102
Preparer
Kirby Ross
Phone
4055949200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other fees for services: program service expenses 29,684,771. Management and general expenses 3,095,879. Fundraising expenses 38,145. Total expenses 32,818,795.

Part XII, Line 2C

No changes during the fiscal year.

Financial Statement Notes

PART X, LINE 2:

The school has been recognized by the internal revenue service as a nonprofit corporation exempt from federal income tax on its income, under section 501(c)(3) of the internal revenue code. The school follows the provisions of asc 740-10, income taxes, related to unrecognized tax positions. The school recognizes the tax benefits from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by the taxing authorities, based on the technical merits of the positions. The tax benefits recognized in the financial statements from such positions are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The school does not believe there are any material uncertain tax positions and accordingly, it will not recognize any liability for unrecognized tax benefits. For the years ended june 30, 2023 and 2022, there were no interest or penalties recorded or included in the financial statements. The school is relying on its tax-exempt status and its adherence to all applicable laws and regulations to preserve that status. However, the conclusions regarding accounting for uncertainty in income taxes will be subject to review and may be adjusted at a later date based on factors including, but not limited to, ongoing analysis of tax laws, regulations, and interpretations thereof and is not expected to have a significant impact on the financial statements. The school's informational returns are generally subject to examination for three years after the later of the due date or date of filing. As a result, the school is no longer subject to income tax examinations by tax authorities for years prior to 2020.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0DURING THE FISCAL YEAR ENDING JUNE 30, 2023, UPLIFT EDUCATION OPERATED 1 OPEN-ENROLLMENT CHARTER WITH 45 SCHOOLS AT 21 CAMPUSES, WHICH TOGETHER HAD AN ENROLLMENT OF APPROXIMATELY 23,082 STUDENTS IN GRADES PRE-K THROUGH 12.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR, REAL ESTATE AND SCHOOL DEVELOPMENT COMMITTE
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR, FORT WORTH ADVISORY BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR, STRATEGIC PLANNING COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIR, FINANCE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR, ADVOCACY COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR, AUDIT COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR, DEVELOPMENT COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIR, GOVERNANCE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10CO-CHAIR, SCHOOL ENGAGEMENT COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt12CO-CHAIR, SCHOOL ENGAGEMENT COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF OPERATIONS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF LEGAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHIEF ACADEMIC OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHIEF PEOPLE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19CHIEF EXTERNAL AFFAIRS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt20CHIEF WELL-BEING & SEL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt21CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt22CHIEF OF SCHOOLS
IRS990/Form990PartVIISectionAGrp/TitleTxt23MANAGING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24MANAGING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25MANAGING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26ACADEMIC DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27SR DIRECTOR - CAMPUS SUPPORT
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IRS990/MissionDesc0UPLIFT EDUCATION'S MISSION IS TO CREATE AND SUSTAIN PUBLIC SCHOOLS OF EXCELLENCE THAT EMPOWER EACH STUDENT TO REACH THEIR HIGHEST POTENTIAL IN COLLEGE AND THE GLOBAL MARKETPLACE AND THAT INSPIRE IN THE STUDENTS A LIFE-LONG LOVE OF LEARNING, ACHIEVEMENT, AND SERVICE IN ORDER TO POSITIVELY CHANGE THEIR WORLD.
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