Civic Intelligence

Golden Rule Charter School

EIN 75-2909306 • 501(c)3 • Desoto, TX

Profile

To provide a free public education to at risk students, grades pk-12, with an emphasis on bilingual education

135 W Wintergreen RoadDesoto, TX 75115

www.goldenruledallas.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.73x

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

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

2.02x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

12th percentile

-14%

Higher net margin than 12% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

33rd percentile

$268,159

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

10th percentile

-7.2%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-8.6%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$54,037,421

Down $4,168,048 (-7.2%) from 2023

Liabilities

Down

$39,666,630

Down $1,653,806 (-4.0%) from 2023

Net Assets

Down

$14,370,791

Down $2,514,242 (-15%) from 2023

Revenue

Down

$19,614,567

Down $1,834,512 (-8.6%) from 2023

Expenses

Up

$22,408,892

Up $704,010 (+3.2%) from 2023

Net Income

Down

-$2,794,325

Down $2,538,522 (-992%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2011: $15,389,987Liabilities 2011: $7,882,123Net Assets 2011: $7,507,8642011Assets 2012: $15,599,155Liabilities 2012: $7,794,336Net Assets 2012: $7,804,8192012Assets 2013: $16,578,036Liabilities 2013: $7,808,154Net Assets 2013: $8,769,8822013Assets 2014: $18,007,684Liabilities 2014: $7,660,244Net Assets 2014: $10,347,4402014Assets 2015: $18,917,064Liabilities 2015: $8,037,059Net Assets 2015: $10,880,0052015Assets 2016: $21,164,807Liabilities 2016: $7,849,366Net Assets 2016: $13,315,4412016Assets 2017: $20,158,358Liabilities 2017: $5,504,261Net Assets 2017: $14,654,0972017Assets 2018: $45,934,722Liabilities 2018: $29,970,726Net Assets 2018: $15,963,9962018Assets 2019: $46,780,318Liabilities 2019: $29,605,964Net Assets 2019: $17,174,3542019Assets 2020: $74,508,076Liabilities 2020: $57,679,464Net Assets 2020: $16,828,6122020Assets 2021: $72,904,474Liabilities 2021: $55,979,276Net Assets 2021: $16,925,1982021Assets 2022: $72,016,277Liabilities 2022: $54,875,441Net Assets 2022: $17,140,8362022Assets 2023: $58,205,469Liabilities 2023: $41,320,436Net Assets 2023: $16,885,0332023Assets 2024: $54,037,421Liabilities 2024: $39,666,630Net Assets 2024: $14,370,7912024

Highlighted filing

2024

Assets$54,037,421
Liabilities$39,666,630
Net Assets$14,370,791

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MRevenue 2011: $7,388,642Expenses 2011: $7,039,957Net Income 2011: $348,6852011Revenue 2012: $7,961,378Expenses 2012: $7,664,423Net Income 2012: $296,9552012Revenue 2013: $9,352,235Expenses 2013: $8,478,388Net Income 2013: $873,8472013Revenue 2014: $11,246,161Expenses 2014: $9,668,603Net Income 2014: $1,577,5582014Revenue 2015: $13,449,129Expenses 2015: $12,916,564Net Income 2015: $532,5652015Revenue 2016: $14,880,710Expenses 2016: $12,445,274Net Income 2016: $2,435,4362016Revenue 2017: $14,789,045Expenses 2017: $13,450,389Net Income 2017: $1,338,6562017Revenue 2018: $16,186,464Expenses 2018: $14,876,565Net Income 2018: $1,309,8992018Revenue 2019: $16,983,595Expenses 2019: $15,773,237Net Income 2019: $1,210,3582019Revenue 2020: $17,658,448Expenses 2020: $18,004,190Net Income 2020: -$345,7422020Revenue 2021: $19,292,224Expenses 2021: $19,195,638Net Income 2021: $96,5862021Revenue 2022: $20,883,674Expenses 2022: $20,668,036Net Income 2022: $215,6382022Revenue 2023: $21,449,079Expenses 2023: $21,704,882Net Income 2023: -$255,8032023Revenue 2024: $19,614,567Expenses 2024: $22,408,892Net Income 2024: -$2,794,3252024

Highlighted filing

2024

Revenue$19,614,567
Expenses$22,408,892
Net Income-$2,794,325

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.0$39.7$14.4$19.6$22.4$2.79
2023Summary only. Only limited summary data is available for this year.$58.2$41.3$16.9$21.4$21.7$0.26
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$72.0$54.9$17.1$20.9$20.7$0.22
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$72.9$56.0$16.9$19.3$19.2$0.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.5$57.7$16.8$17.7$18.0$0.35
2019Summary only. Only limited summary data is available for this year.$46.8$29.6$17.2$17.0$15.8$1.21
2018Summary only. Only limited summary data is available for this year.$45.9$30.0$16.0$16.2$14.9$1.31
2017Summary only. Only limited summary data is available for this year.$20.2$5.50$14.7$14.8$13.5$1.34
2016Summary only. Only limited summary data is available for this year.$21.2$7.85$13.3$14.9$12.4$2.44
2015Summary only. Only limited summary data is available for this year.$18.9$8.04$10.9$13.4$12.9$0.53
2014Summary only. Only limited summary data is available for this year.$18.0$7.66$10.3$11.2$9.67$1.58
2013Summary only. Only limited summary data is available for this year.$16.6$7.81$8.77$9.35$8.48$0.87
2012Summary only. Only limited summary data is available for this year.$15.6$7.79$7.80$7.96$7.66$0.30
2011Summary only. Only limited summary data is available for this year.$15.4$7.88$7.51$7.39$7.04$0.35
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jul 3, 2025
Return Version
2023v6.0
Gross Receipts
$19,614,567
Mission and Program Overview

Mission

To provide a free public education to at risk students, grades pk-12, with an emphasis on bilingual education

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$31,054,662$31,748,822▲ $694,160
Savings and Temporary Cash Investments$11,094,235$9,410,190▼ $1,684,045
Investments Program Related$3,119,315$6,018,952▲ $2,899,637
Cash and Non-Interest-Bearing Accounts$10,101,681$5,075,706▼ $5,025,975
Pledges and Grants Receivable$479,207$223,374▼ $255,833
Prepaid Expenses and Deferred Charges$63,801$104,764▲ $40,963
Total Assets$58,205,469$54,037,421▼ $4,168,048
Other Assets Total$2,292,568$1,455,613▼ $836,955
Liabilities
Tax Exempt Bond Liabilities$38,732,313$37,844,609▼ $887,704
Other Liabilities$2,292,568$1,455,613▼ $836,955
Accounts Payable and Accrued Expenses$295,555$239,430▼ $56,125
Deferred Revenue-$126,978-
Total Liabilities$41,320,436$39,666,630▼ $1,653,806
Net Assets / Fund Balance
Net Assets With Donor Restrictions$13,239,966$12,411,924▼ $828,042
Net Assets Without Donor Restrictions$3,645,067$1,958,867▼ $1,686,200
Total Net Assets Fund Balance$16,885,033$14,370,791▼ $2,514,242
Total Liabilities and Net Assets / Fund Balance$58,205,469$54,037,421▼ $4,168,048

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,782,817$7,852,756$31,635,573
Land$7,671,163-$7,671,163
Equipment$294,842$1,215,774$1,510,616
Investment Program Related Org$2,799,300--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Vincente DelgadoCEOFT$238,805$29,354$268,159
Ernie AmatonAssistant SuperintendentFT$103,652$11,195$114,847
Diana LaraAssistant SuperintendentFT$103,159$10,526$113,685

Board Members and Trustees

NameTitle
Sarah ElizondoBoard President
Darrell PilcherBoard Vice President
Jeanette ThomasBoard Member
Lorenzo ElizondoBoard Member
Norma GarciaBoard Member
Eva CisnerosBoard Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Cornerstone Business DevelopmentAccounting301 RHODES LANE, Wimberley, TX 78676$125,865
Star CateringFood Catering-cafeteria1516 OSPREY DR, Desoto, TX 75115$125,399
Revenue and Support

Revenue Composition

Contributions and Grants
$19,448,905
Program Service Revenue
$165,662
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-2,794,325

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,614,567
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$281,265
Total Revenue per Audited Statements
$19,895,832
Total Revenue per Form 990
$19,614,567
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,847,050
Other Expenses$8,561,842
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,284,732$2,634,096-$11,918,828
Interest-$1,960,130-$1,960,130
Payroll Taxes$1,422,475$337,645-$1,760,120
Office Expenses$435,201$784,243-$1,219,444
Depreciation Depletion$95,289$1,006,656-$1,101,945
Occupancy$81,872$890,560-$972,432
All Other Expenses$282,063$289,182-$571,245
Other Expenses$49,453$331,848-$331,848
Insurance-$269,188-$269,188
Other Employee Benefits$131,108$36,994-$168,102
Fees for Services Legal$88,176$16,039-$104,215
Fees for Services Accounting-$43,259-$43,259
Travel$6,427$26,060-$32,487
Total Functional Expenses$11,876,796$10,532,096$0$22,408,892

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$22,408,892
Total Expenses per Audited Statements$22,408,892
Total Expenses per Form 990$22,408,892
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Right of Use Liabilities - Current Portion$898,068
Right of Use Liabilities - Less Current Portion$557,545

Bond Issues

BondIssuerIssuedIssue PricePurpose
CDanbury Higher Education Authority2019-11-07$29,347,591SCHOOL CONSTRUCTION
BDanbury Higher Education Authority2017-09-28$25,869,330SCHOOL CONSTRUCTION
ADanbury Higher Education Authority2015-06-18$7,641,033SCHOOL CONSTRUCTION
DDanbury Higher Education Authority2022-02-15$6,170,000REFUNDING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$29,347,591--$841,770
B$25,869,330--$517,387
A$7,641,033--$417,861
D$6,170,000--$376,491

Bond Financing Compliance

No rebate due
No
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
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

Organizations process to review form 990 is reviewed by the board of directors before filing

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

Enforcement of conflicts policy the organization files conflict of interest affidavits with the state agency

Form 990, Part VI, Section B, Line 15

15a compensation process for top official is authorized by the board of directors utilizing comparability data and confer with legal counsel when setting compensation for top official 15b compensation process for officers board of directors utilize comparability data and confers with legal counsel when setting compensation for key employees or officers

Form 990, Part VI, Section C, Line 19

Governing documents disclosure explanation governing documents are made available to public by posting documents to school website per state compliance requirements

Filing and Contact Details

Filer

Filer Name
Golden Rule Charter School
EIN
75-2909306
Phone
4692484463
Address
135 W WINTERGREEN ROAD, DESOTO, TX 75115

Signing Officer

Name
Alirio Carruyo Romero
Title
Superintendent
Phone
4692484463
Signed
2025-07-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alirio Carruyo Romero
Formed
2001
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
0
Employees
303
Volunteers
0

Preparer

Firm
Mcconnell & Jones Llp
Address
4828 LOOP CENTRAL DRIVE SUITE 1000, HOUSTON, TX 77081
Preparer
Tene Thomas
Phone
7139681600
Supplemental Narrative

Financial Statement Notes

Form 990 Page 3 Line 11C

Total assets were lower in this tax year and the item on page 11 part x line 13 increased amount to the previous year. Thus resulting in this item totaling over 11% of total assets. The organization carries investments in marketable securities with readily determinable fair values at their fair values based other than level 1 inputs that are directly or indirectly observable sales price of similar securities and other market data (all level ii measurements) in the statements of financial position. Unrealized gains and losses are included in the change in net assets in the accompanying statements of activities

Form 990 Page 3 Line 11E

This amount refers to a current portion and a long-term portion of a right-of-use liability that did not exist in previous years

Raw XML AppendixShowing 400 of 594 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0295555
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0239430
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE A FREE PUBLIC EDUCATION TO AT RISK STUDENTS, GRADES PK-12, WITH AN EMPHASIS ON BILINGUAL EDUCATION
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0289182
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0282063
IRS990/AllOtherExpensesGrp/TotalAmt0571245
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IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
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IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0135 WEST WINTERGREEN
IRS990/BooksInCareOfDetail/USAddress/CityNm0DESOTO
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IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt08561842
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IRS990/Desc0CURRENTLY PROVIDING APPROXIMATELY 1500 STUDENTS FROM PREK - 12 GRADE A SAFE STUDENT CENTERED ENVIRONMENT WHERE KNOWLEDGE AND LITERACY ARE ENCOURAGED THROUGH LEARNING ACTIVITIES THAT ARE DEVELOPMENTALLY APPROPRIATE, INDIVIDUALLY PACED AND ATTUNED TO EACH STUDENTS ACADEMIC PERFORMANCE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD VICE PRESIDENT
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RIGHT OF USE LIABILITIES - LESS CURRENT PORTION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RIGHT OF USE LIABILITIES - CURRENT PORTION
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TOTAL ASSETS WERE LOWER IN THIS TAX YEAR AND THE ITEM ON PAGE 11 PART X LINE 13 INCREASED AMOUNT TO THE PREVIOUS YEAR. THUS RESULTING IN THIS ITEM TOTALING OVER 11% OF TOTAL ASSETS. THE ORGANIZATION CARRIES INVESTMENTS IN MARKETABLE SECURITIES WITH READILY DETERMINABLE FAIR VALUES AT THEIR FAIR VALUES BASED OTHER THAN LEVEL 1 INPUTS THAT ARE DIRECTLY OR INDIRECTLY OBSERVABLE SALES PRICE OF SIMILAR SECURITIES AND OTHER MARKET DATA (ALL LEVEL II MEASUREMENTS) IN THE STATEMENTS OF FINANCIAL POSITION. UNREALIZED GAINS AND LOSSES ARE INCLUDED IN THE CHANGE IN NET ASSETS IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THIS AMOUNT REFERS TO A CURRENT PORTION AND A LONG-TERM PORTION OF A RIGHT-OF-USE LIABILITY THAT DID NOT EXIST IN PREVIOUS YEARS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 PAGE 3 LINE 11C
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 PAGE 3 LINE 11E
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION IS A PUBLIC SCHOOL CHARTERED THROUGH THE TEXAS STATE BOARD OF EDUCATION AND ADHERES TO RULES OF TEXAS EDUCATION AGENCY IN LINE WITH FEDERAL STATUTES ON NONDISCRIMINATION OF HIRING OF STAFF, STUDENT ADMISSION AND ALL PROGRAMS. NONDISCRIMINATION POLICY IS POSTED AND ADVERTISED IN ALL ORGANIZATION LITERATURE AS REQUIRED BY LAW
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION RECEIVES FUNDING FROM TEXAS EDUCATION AGENCY
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR VINCENTE DELGADO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
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