Civic Intelligence

Harmony Public Schools

990 • Fiscal year 2025 • EIN 76-0615245

Jul 01, 2024 to Jun 30, 2025 • Filed on Feb 09, 2026

Organization ProfileWWW.HARMONYTX.ORG
9321 W Sam Houston Pkwy SouthHouston, TX 77099

(713) 343-3333

Siviq Scores

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

Liabilities / Assets

95th percentile

0.82x

Higher debt load relative to assets than 95% of similar nonprofits.

2025 filings • 501(c)3 • $1B+ nonprofits • Source year 2025

Liabilities / Revenue

87th percentile

1.85x

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

2025 filings • 501(c)3 • $1B+ nonprofits • Source year 2025

Net Margin

42nd percentile

5.4%

Higher net margin than 42% of similar nonprofits.

2025 filings • 501(c)3 • $1B+ nonprofits • Source year 2025

Top Officer Pay

13th percentile

$280,759

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2025 filings • 501(c)3 • $1B+ nonprofits • Source year 2025

Asset Growth

83rd percentile

12%

Faster asset growth than 83% of similar nonprofits.

2025 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2024 to 2025

Revenue Growth

28th percentile

1.8%

Faster revenue growth than 28% of similar nonprofits.

2025 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$1,373,091,733

Up $145,407,540 (+12%) from 2024

Net Assets

Up

$245,107,913

Up $35,392,097 (+17%) from 2024

Liabilities

Up

$1,127,983,820

Up $110,015,443 (+11%) from 2024

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin42nd percentile

Revenue

Up

$609,931,274

Up $10,548,967 (+1.8%) from 2024

Expenses

Up

$576,829,789

Up $14,895,953 (+2.7%) from 2024

Net Income

Down

$33,101,485

Down $4,346,986 (-12%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$1.5B$1.0B$500M$0Assets 2010: $209,897,614Liabilities 2010: $183,886,444Net Assets 2010: $26,011,1702010Assets 2011: $271,366,966Liabilities 2011: $240,152,010Net Assets 2011: $31,214,9562011Assets 2012: $308,155,585Liabilities 2012: $271,301,559Net Assets 2012: $36,854,0262012Assets 2013: $327,223,878Liabilities 2013: $276,462,542Net Assets 2013: $50,761,3362013Assets 2014: $346,492,033Liabilities 2014: $288,276,924Net Assets 2014: $58,215,1092014Assets 2015: $412,771,339Liabilities 2015: $362,956,946Net Assets 2015: $49,814,3932015Assets 2016: $480,001,665Liabilities 2016: $422,935,997Net Assets 2016: $57,065,6682016Assets 2017: $508,892,594Liabilities 2017: $450,546,593Net Assets 2017: $58,346,0012017Assets 2018: $516,815,865Liabilities 2018: $448,091,933Net Assets 2018: $68,723,9322018Assets 2019: $623,687,494Liabilities 2019: $534,923,940Net Assets 2019: $88,763,5542019Assets 2020: $681,305,210Liabilities 2020: $581,671,449Net Assets 2020: $99,633,7612020Assets 2021: $764,243,415Liabilities 2021: $634,890,435Net Assets 2021: $129,352,9802021Assets 2022: $922,634,599Liabilities 2022: $779,497,103Net Assets 2022: $143,137,4962022Assets 2023: $1,014,829,003Liabilities 2023: $844,518,340Net Assets 2023: $170,310,6632023Assets 2024: $1,227,684,193Liabilities 2024: $1,017,968,377Net Assets 2024: $209,715,8162024Assets 2025: $1,373,091,733Liabilities 2025: $1,127,983,820Net Assets 2025: $245,107,9132025

Highlighted filing

2025

Assets$1,373,091,733
Liabilities$1,127,983,820
Net Assets$245,107,913
Open 2025 Filing

Operations Trend

Revenue Growth28th percentile

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

$800M$600M$400M$200M$0-$200MExpenses 2010: $96,508,0012010Expenses 2011: $143,508,8762011Revenue 2012: $175,530,529Expenses 2012: $169,891,459Net Income 2012: $5,639,0702012Revenue 2013: $193,938,909Expenses 2013: $180,031,599Net Income 2013: $13,907,3102013Revenue 2014: $239,506,986Expenses 2014: $232,053,213Net Income 2014: $7,453,7732014Revenue 2015: $265,212,466Expenses 2015: $273,613,182Net Income 2015: -$8,400,7162015Revenue 2016: $298,731,072Expenses 2016: $291,479,797Net Income 2016: $7,251,2752016Revenue 2017: $314,887,271Expenses 2017: $313,606,938Net Income 2017: $1,280,3332017Revenue 2018: $345,542,072Expenses 2018: $335,164,141Net Income 2018: $10,377,9312018Revenue 2019: $366,463,490Expenses 2019: $344,466,736Net Income 2019: $21,996,7542019Revenue 2020: $405,254,911Expenses 2020: $392,723,970Net Income 2020: $12,530,9412020Revenue 2021: $435,592,785Expenses 2021: $405,873,566Net Income 2021: $29,719,2192021Revenue 2022: $499,142,320Expenses 2022: $484,245,771Net Income 2022: $14,896,5492022Revenue 2023: $548,949,291Expenses 2023: $522,072,603Net Income 2023: $26,876,6882023Revenue 2024: $599,382,307Expenses 2024: $561,933,836Net Income 2024: $37,448,4712024Revenue 2025: $609,931,274Expenses 2025: $576,829,789Net Income 2025: $33,101,4852025

Highlighted filing

2025

Revenue$609,931,274
Expenses$576,829,789
Net Income$33,101,485
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 9, 2026
Return Version
2024v5.5
Gross Receipts
$609,931,274
Mission and Program Overview

Mission

Harmony public schools prepares each and every student for college and career by providing a safe, caring and collaborative atmosphere and a quality student-centered educational program with a strong emphasis on science, technology, engineering and mathematics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$801,794,531$985,037,996▲ $183,243,465
Savings and Temporary Cash Investments$164,039,857$132,222,613▼ $31,817,244
Cash and Non-Interest-Bearing Accounts$149,934,297$128,540,374▼ $21,393,923
Accounts Receivable$93,031,110$108,708,672▲ $15,677,562
Other Notes and Loans Receivable, Net$8,773,772$8,342,804▼ $430,968
Prepaid Expenses and Deferred Charges$1,546,411$972,355▼ $574,056
Total Assets$1,227,684,193$1,373,091,733▲ $145,407,540
Other Assets Total$8,564,215$9,266,919▲ $702,704
Liabilities
Tax Exempt Bond Liabilities$722,344,811$710,080,611▼ $12,264,200
Mortgage Notes Payable Secured by Investment Property$63,880,879$162,515,434▲ $98,634,555
Other Liabilities$111,937,793$135,253,130▲ $23,315,337
Accounts Payable and Accrued Expenses$119,511,273$119,443,432▼ $67,841
Deferred Revenue$293,621$691,213▲ $397,592
Total Liabilities$1,017,968,377$1,127,983,820▲ $110,015,443
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$94,104,869$124,759,446▲ $30,654,577
Net Assets With Donor Restrictions$115,610,947$120,348,467▲ $4,737,520
Total Net Assets Fund Balance$209,715,816$245,107,913▲ $35,392,097
Total Liabilities and Net Assets / Fund Balance$1,227,684,193$1,373,091,733▲ $145,407,540

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$722,535,669$185,514,564$908,050,233
Land$135,946,513-$135,946,513
Other Land Buildings$100,872,688$24,034,573$124,907,261
Equipment$25,683,126$51,749,658$77,432,784
Compensation and Service Providers
Top Officer Pay13th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fatih AyChief Executive OfficerFT$242,164$38,595$280,759
Umit AlpaslanSenior Deputy SuperintendentFT$186,406$27,334$213,740
Nihat BayhanDeputy Superintendent of Operations/businessFT$153,029$22,741$175,770
Nihat BayhanDeputy Superintendent of Operations/-$153,029$22,741$175,770
Emin CavusogluDeputy SuperintendentFT$150,844$22,813$173,657
Yalcin AkyildizChief Advancement OfficerFT$140,859$31,964$172,823
Metin EkrenChief Internal AuditorFT$144,098$20,193$164,291
Erdal CaglarExecutive Director-expansion and ConstructionFT$142,441$21,314$163,755
Erdal CaglarExecutive Director-expansion and CON-$142,441$21,314$163,755
Harun KaranArea SuperintendentFT$134,858$28,365$163,223
Ramazan CoskunerArea SuperintendentFT$140,007$22,288$162,295
Damon PolatExecutive Director-institutional Research and DeveFT$141,008$21,249$162,257
Damon PolatExecutive Director-institutional Res-$141,008$21,249$162,257
Kaan CamuzChief Public Relations OfficerFT$138,194$21,853$160,047
Gina GregoryChief Development OfficerFT$131,572$24,825$156,397
Abdulrasit AvsarExecutive Director-global Talent SourcingFT$144,338$11,185$155,523
Abdulrasit AvsarExecutive Director-global Talent Sou-$144,338$11,185$155,523
Salih AykacChief College and Career OfficerFT$133,169$21,577$154,746
David AkdemirExecutive DirectorFT$151,381-$151,381
Andy AyyildizChief Program OfficerFT$129,328$21,181$150,509
Bulent CobanChief Operating OfficerFT$130,564$19,129$149,693
Serena JacksonArea SuperintendentFT$125,781$23,228$149,009
Emre AltunkopruChief Human Resources OfficerFT$127,947$20,477$148,424
John BoydChief Communications OfficerFT$125,735$22,541$148,276
Minh BacaChief Compliance OfficerFT$126,895$20,660$147,555
Mustafa AltindagArea SuperintendentFT$122,808$24,141$146,949
Recep YilmazArea SuperintendentFT$126,294$19,302$145,596
Kamil YilmazArea SuperintendentFT$123,973$19,309$143,282
Selcuk BakirArea SuperintendentFT$121,386$20,586$141,972
Talitha AlexanderChief Corporate Engagement OfficerFT$122,883$18,857$141,740
Ebru AkyildizChief Financial OfficerFT$122,736$9,470$132,206

Board Members and Trustees

NameTitle
Dr Oner U CelepcikayBoard President
Helen SherwoodSecond Vice Chair
Dr Hakduran KocBoard Secretary
Dr Simon KochMember
Kimberly HouseMember
Laura GonzalezMember
Dr Mehmet ArginTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Divisionone Construction LLCConstruction11280 WEST RD, Houston, TX 77065$39,516,208
Hps-central Administration OfficeCentral Office Services9321 W SAM HOUSTON PKWY S, Houston, TX 77099$31,903,340
Aoc Calton LtdConstruction9500 ARBORETUM BLVD STE 400, Austin, TX 78759$22,614,134
Ratclifheritage Charter Development LlcfConstruction6044 GATEWAY E STE 500, El Paso, TX 79905$12,839,327
Tegrity Contractors INCConstruction202 N ALLEN DR STE E, Allen, TX 75013$11,149,740
Revenue and Support

Revenue Composition

Contributions and Grants
$591,276,808
Program Service Revenue
$10,225,165
Investment Income
$8,429,301
Other Revenue
$0
All Other Contributions
$16,719,001
Change in Net Assets
$33,101,485

Audited Revenue Reconciliation

Revenue per Audited Statements
$609,931,274
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,290,612
Total Revenue per Audited Statements
$612,221,886
Total Revenue per Form 990
$609,931,274
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$370,412,741
Other Expenses$206,417,048
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$287,597,097$21,877,555-$309,474,652
Fees for Services Other$40,559,517$9,513,961-$50,073,478
Pension Plan Contributions$33,114,996$2,492,527-$35,607,523
Depreciation Depletion$32,803,866--$32,803,866
Interest$30,848,383--$30,848,383
Other Employee Benefits$15,516,570$1,167,914-$16,684,484
Occupancy$14,969,344$56,755-$15,026,099
Payroll Taxes$5,193,333$390,896-$5,584,229
Travel$3,461,016$610,768-$4,071,784
Insurance$3,662,019$233,746-$3,895,765
Other Expenses$3,644,387$112,713-$3,757,100
Current Officers, Directors, Trustees, and Key Employees$3,061,853--$3,061,853
Fees for Services Legal$624,686$146,531-$771,217
Fees for Services Accounting$109,192$25,613-$134,805
Total Functional Expenses$538,961,382$37,868,407$0$576,829,789

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$576,829,789
Total Expenses per Audited Statements$576,829,789
Total Expenses per Form 990$576,829,789
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
Capital Lease Liability$123,705,956
Interest Payable$11,547,174

Bond Issues

BondIssuerIssuedIssue PricePurpose
C2024 Bond Arlington Higher Education Finance2024-06-01$212,440,000BUILDING AND EQUIPMENT
D2021a Bond Arlington Higher Education Finance2021-08-01$147,025,000BUILDING AND EQUIPMENT
A2015 Bond Arlington Higher Education Finance2015-06-30$118,670,732TO DEFEASE BONDS
C2014a Bond City of Houston Higher Education Finance Corporation2014-07-15$111,415,968TO DEFEASE BONDS/NEW
B2016 Bond Arlington Higher Education Finance2016-05-18$65,087,231TO DEFEASE BONDS/NEW
C2017 Bond Arlington Higher Education Finance2017-05-25$43,659,113TO DEFEASE BONDS/NEW
A2010qscb Bond Texas Public Finance Authority Charter School Finance Corp2010-05-06$39,910,000BUILDING AND EQUIPMENT
B2021c Bond Arlington Higher Education Finance2021-11-01$22,170,000TO DEFEASE BONDS
D2014qscb Bond Texas Public Finance Authority Charter School Finance Corp2014-12-03$8,880,000BUILDING AND EQUIPMENT
B2011qscb Bond City of Houston Higher Education Finance Authority2011-05-26$5,085,000BUILDING AND EQUIPMENT
A2021b Bond Arlington Higher Education Finance2021-08-01$4,350,000BUILDING AND EQUIPMENT

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----
A----
A----
B----
B----
B----
C----
C----
C----
D----
D----

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
Yes
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 A, Line 2

“Ebru akyildiz and yalcin akyildiz have a family relationship.”

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

“Form 990 is reviewed by management and members of the governing body before it is filed.”

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

“The board of directors and management must disclose any potential conflicts of interest prior to board action. Relationships with third parties are reviewed annually.”

Form 990, Part VI, Section B, Line 15

“An annual salary review is performed by the board for the organization's top officials and salary is adjusted as deemed appropriate. For the organization's officers, an annual salary review is performed by the board and salaries are adjusted in accordance with established salary scale.”

Form 990, Part VI, Section C, Line 19

“Written requests for information may be submitted to the principal address noted on form 990.”

Filing and Contact Details

Filer

Filer Name
Harmony Public Schools
EIN
76-0615245
Phone
7133433333
Address
9321 W SAM HOUSTON PKWY SOUTH, HOUSTON, TX 77099

Signing Officer

Name
Fatih Ay
Title
CEO
Phone
7133433333
Signed
2026-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fatih Ay
Formed
1999
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
5,909
Volunteers
818

Preparer

Firm
Whitley Penn Llp
Address
640 TAYLOR STREET SUITE 2200, FT WORTH, TX 76102
Preparer
Emily Landry
Phone
8172599100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“Financial documents and other related financial data are reviewed by the finance committee in detail prior to presenting to the governing board.”

Raw XML AppendixShowing 400 of 1,223 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt31EXECUTIVE DIRECTOR-GLOBAL TALENT SOURCING
IRS990/Form990PartVIISectionAGrp/TitleTxt32EXECUTIVE DIRECTOR-EXPANSION AND CONSTRUCTION
IRS990/Form990PartVIISectionAGrp/TitleTxt33EXECUTIVE DIRECTOR-INSTITUTIONAL RESEARCH AND DEVE
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Document Assets

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Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,373,091,733
Liabilities
$1,127,983,820
Net assets
$245,107,913
Revenue
$609,931,274
Expenses
$576,829,789
Net income
$33,101,485
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1,373$1,128$245$610$577$33.1
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,228$1,018$210$599$562$37.4
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,015$845$170$549$522$26.9
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$923$779$143$499$484$14.9
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$764$635$129$436$406$29.7
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$681$582$99.6$405$393$12.5
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$624$535$88.8$366$344$22.0
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$517$448$68.7$346$335$10.4
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$509$451$58.3$315$314$1.28
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$480$423$57.1$299$291$7.25
2015Detailed filing. Detailed filing data is available for this year.$413$363$49.8$265$274$8.40
2014Detailed filing. Detailed filing data is available for this year.$346$288$58.2$240$232$7.45
2013Summary only. Only limited summary data is available for this year.$327$276$50.8$194$180$13.9
2012Summary only. Only limited summary data is available for this year.$308$271$36.9$176$170$5.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$271$240$31.2$144
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$210$184$26.0$96.5