Civic Intelligence

Yellowstone Education Foundation

990 • Fiscal year 2019 • EIN 81-2280283

Jul 01, 2018 to Jun 30, 2019 • Filed on May 14, 2020

PO Box 231845Houston, TX 77223

(713) 741-8000

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.54x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

58th percentile

0.13x

Higher debt load relative to revenue than 58% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

67th percentile

11%

Higher net margin than 67% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

66th percentile

$93,938

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

98th percentile

235%

Faster asset growth than 98% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

495%

Faster revenue growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$742,563

Up $520,888 (+235%) from 2018

Net Assets

Up

$337,880

Up $112,384 (+50%) from 2018

Liabilities

Up

$404,683

Up $408,504 (+10691%) from 2018

Revenue

Up

$3,074,317

Up $2,557,336 (+495%) from 2018

Expenses

Up

$2,741,437

Up $2,449,952 (+841%) from 2018

Net Income

Up

$332,880

Up $107,384 (+48%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $221,675Liabilities 2018: -$3,821Net Assets 2018: $225,4962018Assets 2019: $742,563Liabilities 2019: $404,683Net Assets 2019: $337,8802019Assets 2020: $831,966Liabilities 2020: $405,047Net Assets 2020: $426,9192020Assets 2021: $1,155,951Liabilities 2021: $420,966Net Assets 2021: $734,9852021Assets 2022: $1,144,553Liabilities 2022: $271,281Net Assets 2022: $873,2722022Assets 2023: $1,156,262Liabilities 2023: $237,049Net Assets 2023: $919,2132023Assets 2024: $1,082,771Liabilities 2024: $189,684Net Assets 2024: $893,0872024Assets 2025: $1,123,965Liabilities 2025: $348,052Net Assets 2025: $775,9132025

Highlighted filing

2019

Assets$742,563
Liabilities$404,683
Net Assets$337,880

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $516,981Expenses 2018: $291,485Net Income 2018: $225,4962018Revenue 2019: $3,074,317Expenses 2019: $2,741,437Net Income 2019: $332,8802019Revenue 2020: $3,456,452Expenses 2020: $3,367,413Net Income 2020: $89,0392020Revenue 2021: $3,582,175Expenses 2021: $3,274,109Net Income 2021: $308,0662021Revenue 2022: $2,906,401Expenses 2022: $2,768,114Net Income 2022: $138,2872022Revenue 2023: $3,206,950Expenses 2023: $3,161,009Net Income 2023: $45,9412023Revenue 2024: $4,727,104Expenses 2024: $4,753,230Net Income 2024: -$26,1262024Revenue 2025: $4,659,394Expenses 2025: $4,776,568Net Income 2025: -$117,1742025

Highlighted filing

2019

Revenue$3,074,317
Expenses$2,741,437
Net Income$332,880
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 14, 2020
Return Version
2018v3.2
Gross Receipts
$3,074,317
Mission and Program Overview

Mission

Seek to own and operate an open-enrollment charter school as provided under the texas education code for the benefit of students in texas, providing educational opportunities, programs and such other functions as it deems appropriate in furtherance of the purposes as provided in the certificate of formation. This corporation is formed for charitable purposes, and it will be nonprofit and nonpartisan.

The corporation shall enrich, strengthen, enhance, and support the advancement of education and school choice in texas by engaging in fundraising as it deems appropriate in furtherance of the purposes as provided in the certificate of formation. The corporation shall also seek to own and operate an open-enrollment charter school as provided under the texas education code for the benefit of students in texas, providing educational opportunities, programs and such other functions as it deems appropriate in furtherance of the purposes as provided in the certificate of formation. This corporation is formed for charitable purposes, and it will be nonprofit and nonpartisan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$36,067$425,682▲ $389,615
Pledges and Grants Receivable-$316,881-
Accounts Receivable$186,981--
Prepaid Expenses and Deferred Charges$-1,373--
Total Assets$221,675$742,563▲ $520,888
Liabilities
Unsecured Notes Loans Payable-$300,000-
Accounts Payable and Accrued Expenses$-3,821$104,683▲ $108,504
Total Liabilities$-3,821$404,683▲ $408,504
Net Assets / Fund Balance
Unrestricted Net Assets$225,496$284,146▲ $58,650
Temporarily Rstr Net Assets-$53,734-
Total Net Assets Fund Balance$225,496$337,880▲ $112,384
Total Liabilities and Net Assets / Fund Balance$221,675$742,563▲ $520,888
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ryan DoliboisSuperintendePT$87,222$6,716$93,938

Board Members and Trustees

NameTitle
Lionel JellinsBoard Chair
Arthur L Bryan IiDirector
David LumpkinsDirector
Janice CharacterDirector
Valerie WilliamsDirector
Matthew BarnesSecretary/tr

Highest Paid Contractors

ContractorServicesLocationCompensation
Yellowstone AcademyAcademic Svcs3000 TRULLEY, Houston, TX 77004$374,088
The Healthy LunchboxFood Svcs614 W GREENS RD, Houston, TX 77067$175,530
Revenue and Support

Revenue Composition

Contributions and Grants
$3,072,769
Program Service Revenue
$1,548
Investment Income
$0
Other Revenue
$0
All Other Contributions
$277,598
Change in Net Assets
$332,880

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,074,317
Total Revenue per Audited Statements
$3,074,317
Total Revenue per Form 990
$3,074,317
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,392,954
Other Expenses$1,348,483
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$985,131$150,149-$1,135,280
Fees for Services Other$189,139$382,696-$571,835
Occupancy-$101,063-$101,063
Current Officers, Directors, Trustees, and Key Employees-$87,222-$87,222
Other Employee Benefits$69,315$5,677-$74,992
Travel$62,101$4,715-$66,816
Pension Plan Contributions$56,197$6,304-$62,501
Payroll Taxes$26,526$6,433-$32,959
Insurance-$15,155-$15,155
Other Expenses$3,606$7,491-$11,097
All Other Expenses$6,110--$6,110
Fees for Services Legal-$4,590-$4,590
Interest-$3,034-$3,034
Fees for Services Accounting-$1,875-$1,875
Total Functional Expenses$1,698,674$1,042,763$0$2,741,437

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,741,437
Total Expenses per Audited Statements$2,741,437
Total Expenses per Form 990$2,741,437
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Page 6, Part VI, Line 11B

The return will be reviewed by the dir. Of finance and accountant. Following adjustments, if any, the return will be distributed to the superintendent and all board members.

Form 990, Page 6, Part VI, Line 12C

On an annual basis, the board is asked to review the policy and sign again to make sure that nothing has changed in their status that would impact yellowstone's policy. At the point of bringing on new board members, the candidate goes through an orientation process that includes a review of the conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

For the ceo (superintendent)'s compensation, the board chair consulted with yellowstone's counsel to review comparable salaries across the state of texas. He then took this work back to the board group and the board approved this contract in executive session. As part of the budgeting process, the superintendent presents the salaries and budget to the finance committee and board chair for their review, and ultimately approval. The salaries are benchmarked against local public school districts, using whatever information is available to confirm that yellowstone is within range of similarly sized educational institutions.

Form 990, Page 6, Part VI, Line 15B

For the ceo (superintendent)'s compensation, the board chair consulted with yellowstone's counsel to review comparable salaries across the state of texas. He then took this work back to the board group and the board approved this contract in executive session. As part of the budgeting process, the superintendent presents the salaries and budget to the finance committee and board chair for their review, and ultimately approval. The salaries are benchmarked against local public school districts, using whatever information is available to confirm that yellowstone is within range of similarly sized educational institutions.

Form 990, Page 6, Part VI, Line 19

All of the forms were included in yellowstone's charter school application which is available on the texas education agency website. In addition, relevant documents, as required by law, are posted and maintained on the yellowstone website.

Filing and Contact Details

Filer

Filer Name
Yellowstone Education Foundation
EIN
81-2280283
Phone
7137418000
Address
PO BOX 231845, HOUSTON, TX 77223
Doing Business As
Yellowstone College Prep

Signing Officer

Name
John Peavy
Title
Secretary
Phone
7137418000
Signed
2020-05-14

Organization Details

Principal Officer
John Peavy
Formed
2016
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
25

Preparer

Firm
Mcconnell & Jones Llp
Address
4828 LOOP CENTRAL DR STE 1000, HOUSTON, TX 77081-2222
Preparer
Tene Thomas
Phone
7139681600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Seek to own and operate an open-enrollment charter school as provided under the texas education code for the benefit of students in texas, providing educational opportunities, programs and such other functions as it deems appropriate in furtherance of the purposes as provided in the certificate of formation. This corporation is formed for charitable purposes, and it will be nonprofit and nonpartisan.

Form 990, Page 2, Part III, Line 4A

Academic program: at yellowstone, we believe that every child is born with a purpose and destined for success. In 2018-2019 the foundation opened yellowstone college prep charter school and served over 200 students in grade 5-8. Our program is designed to encourage students to make significant academic gains each year. With class sizes that average 18 students, our teachers are able to focus on each individual students progress and provide instruction suited to their level. In almost every grade, our middle school students made significant gains from their benchmark scores to their final state testing scores in both reading and math. Despite these impressive gains, yellowstone college prep received an improvement required rating from the texas education agency. We anticipated this rating for our first year based on the way the rating formula works, and the way we launched our model and our mission. Read more about our state ranking at yellowstoneschools.org/rating. We are poised for success in the coming years.

Form 990, Part IX, Line 11G

Contracted services 189,139 382,696 0

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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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0YELLOWSTONE'S NON-DISCRIMINATION POLICY IS INCLUDED ON THE WEBSITE AND IN EVERY JOB POSTING, BOTH PRINTED AND ELECTRONICALLY DISTRIBUTED. IT IS ALSO INCLUDED IN BOTH THE STAFF AND FAMILY HANDBOOKS FOR PUBLIC REVIEW. BOTH OF THESE HANDBOOKS CAN ALSO BE FOUND ON THE YELLOWSTONE WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEEK TO OWN AND OPERATE AN OPEN-ENROLLMENT CHARTER SCHOOL AS PROVIDED UNDER THE TEXAS EDUCATION CODE FOR THE BENEFIT OF STUDENTS IN TEXAS, PROVIDING EDUCATIONAL OPPORTUNITIES, PROGRAMS AND SUCH OTHER FUNCTIONS AS IT DEEMS APPROPRIATE IN FURTHERANCE OF THE PURPOSES AS PROVIDED IN THE CERTIFICATE OF FORMATION. THIS CORPORATION IS FORMED FOR CHARITABLE PURPOSES, AND IT WILL BE NONPROFIT AND NONPARTISAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACADEMIC PROGRAM: AT YELLOWSTONE, WE BELIEVE THAT EVERY CHILD IS BORN WITH A PURPOSE AND DESTINED FOR SUCCESS. IN 2018-2019 THE FOUNDATION OPENED YELLOWSTONE COLLEGE PREP CHARTER SCHOOL AND SERVED OVER 200 STUDENTS IN GRADE 5-8. OUR PROGRAM IS DESIGNED TO ENCOURAGE STUDENTS TO MAKE SIGNIFICANT ACADEMIC GAINS EACH YEAR. WITH CLASS SIZES THAT AVERAGE 18 STUDENTS, OUR TEACHERS ARE ABLE TO FOCUS ON EACH INDIVIDUAL STUDENTS PROGRESS AND PROVIDE INSTRUCTION SUITED TO THEIR LEVEL. IN ALMOST EVERY GRADE, OUR MIDDLE SCHOOL STUDENTS MADE SIGNIFICANT GAINS FROM THEIR BENCHMARK SCORES TO THEIR FINAL STATE TESTING SCORES IN BOTH READING AND MATH. DESPITE THESE IMPRESSIVE GAINS, YELLOWSTONE COLLEGE PREP RECEIVED AN IMPROVEMENT REQUIRED RATING FROM THE TEXAS EDUCATION AGENCY. WE ANTICIPATED THIS RATING FOR OUR FIRST YEAR BASED ON THE WAY THE RATING FORMULA WORKS, AND THE WAY WE LAUNCHED OUR MODEL AND OUR MISSION. READ MORE ABOUT OUR STATE RANKING AT YELLOWSTONESCHOOLS.ORG/RATING. WE ARE POISED FOR SUCCESS IN THE COMING YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE RETURN WILL BE REVIEWED BY THE DIR. OF FINANCE AND ACCOUNTANT. FOLLOWING ADJUSTMENTS, IF ANY, THE RETURN WILL BE DISTRIBUTED TO THE SUPERINTENDENT AND ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ON AN ANNUAL BASIS, THE BOARD IS ASKED TO REVIEW THE POLICY AND SIGN AGAIN TO MAKE SURE THAT NOTHING HAS CHANGED IN THEIR STATUS THAT WOULD IMPACT YELLOWSTONE'S POLICY. AT THE POINT OF BRINGING ON NEW BOARD MEMBERS, THE CANDIDATE GOES THROUGH AN ORIENTATION PROCESS THAT INCLUDES A REVIEW OF THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FOR THE CEO (SUPERINTENDENT)'S COMPENSATION, THE BOARD CHAIR CONSULTED WITH YELLOWSTONE'S COUNSEL TO REVIEW COMPARABLE SALARIES ACROSS THE STATE OF TEXAS. HE THEN TOOK THIS WORK BACK TO THE BOARD GROUP AND THE BOARD APPROVED THIS CONTRACT IN EXECUTIVE SESSION. AS PART OF THE BUDGETING PROCESS, THE SUPERINTENDENT PRESENTS THE SALARIES AND BUDGET TO THE FINANCE COMMITTEE AND BOARD CHAIR FOR THEIR REVIEW, AND ULTIMATELY APPROVAL. THE SALARIES ARE BENCHMARKED AGAINST LOCAL PUBLIC SCHOOL DISTRICTS, USING WHATEVER INFORMATION IS AVAILABLE TO CONFIRM THAT YELLOWSTONE IS WITHIN RANGE OF SIMILARLY SIZED EDUCATIONAL INSTITUTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FOR THE CEO (SUPERINTENDENT)'S COMPENSATION, THE BOARD CHAIR CONSULTED WITH YELLOWSTONE'S COUNSEL TO REVIEW COMPARABLE SALARIES ACROSS THE STATE OF TEXAS. HE THEN TOOK THIS WORK BACK TO THE BOARD GROUP AND THE BOARD APPROVED THIS CONTRACT IN EXECUTIVE SESSION. AS PART OF THE BUDGETING PROCESS, THE SUPERINTENDENT PRESENTS THE SALARIES AND BUDGET TO THE FINANCE COMMITTEE AND BOARD CHAIR FOR THEIR REVIEW, AND ULTIMATELY APPROVAL. THE SALARIES ARE BENCHMARKED AGAINST LOCAL PUBLIC SCHOOL DISTRICTS, USING WHATEVER INFORMATION IS AVAILABLE TO CONFIRM THAT YELLOWSTONE IS WITHIN RANGE OF SIMILARLY SIZED EDUCATIONAL INSTITUTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL OF THE FORMS WERE INCLUDED IN YELLOWSTONE'S CHARTER SCHOOL APPLICATION WHICH IS AVAILABLE ON THE TEXAS EDUCATION AGENCY WEBSITE. IN ADDITION, RELEVANT DOCUMENTS, AS REQUIRED BY LAW, ARE POSTED AND MAINTAINED ON THE YELLOWSTONE WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONTRACTED SERVICES 189,139 382,696 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02020-11-06 18:47:13Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-14
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ReturnHeader/FilingSecurityInformation/IPTm020:53:41
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCCONNELL & JONES LLP
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TENE THOMAS
ReturnHeader/ReturnTs02020-05-15T20:53:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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