Civic Intelligence

Bloom Academy Inc

EIN 82-3153661 • 501(c)3 • Houston, TX

Profile

Through rigor, joy, and character development, bloom academy charter school prepares all kindergarten through fifth grade scholars for success in middle school, high school, and college, and to lead lives of positive impact in their communities.

3420 Almeda Genoa RdHouston, TX 77047

www.bloomacademy.org

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.97x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

1.20x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

25th percentile

-5.5%

Higher net margin than 25% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

8th percentile

-14%

Faster asset growth than 8% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

77th percentile

29%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$8,059,793

Down $1,328,372 (-14%) from 2023

Liabilities

Down

$7,822,628

Down $968,673 (-11%) from 2023

Net Assets

Down

$237,165

Down $359,699 (-60%) from 2023

Operations
Liabilities / Revenue86th percentileNet Margin25th percentile

Revenue

Up

$6,505,842

Up $1,454,577 (+29%) from 2023

Expenses

Up

$6,865,541

Up $2,001,342 (+41%) from 2023

Net Income

Down

-$359,699

Down $546,765 (-292%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth8th percentile

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

$10M$5.0M$0Assets 2019: $228,451Liabilities 2019: $3,235Net Assets 2019: $225,2162019Assets 2020: $346,557Liabilities 2020: $128,584Net Assets 2020: $217,9732020Assets 2021: $730,623Liabilities 2021: $145,045Net Assets 2021: $585,5782021Assets 2022: $1,007,625Liabilities 2022: $367,211Net Assets 2022: $640,4142022Assets 2023: $9,388,165Liabilities 2023: $8,791,301Net Assets 2023: $596,8642023Assets 2024: $8,059,793Liabilities 2024: $7,822,628Net Assets 2024: $237,1652024

Highlighted filing

2024

Assets$8,059,793
Liabilities$7,822,628
Net Assets$237,165
Open 2024 Filing

Operations Trend

Revenue Growth77th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $395,032Expenses 2019: $169,816Net Income 2019: $225,2162019Revenue 2020: $910,963Expenses 2020: $918,206Net Income 2020: -$7,2432020Revenue 2021: $1,794,725Expenses 2021: $1,427,120Net Income 2021: $367,6052021Revenue 2022: $3,511,351Expenses 2022: $3,456,515Net Income 2022: $54,8362022Revenue 2023: $5,051,265Expenses 2023: $4,864,199Net Income 2023: $187,0662023Revenue 2024: $6,505,842Expenses 2024: $6,865,541Net Income 2024: -$359,6992024

Highlighted filing

2024

Revenue$6,505,842
Expenses$6,865,541
Net Income-$359,699
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,059,793
Liabilities
$7,822,628
Net assets
$237,165
Revenue
$6,505,842
Expenses
$6,865,541
Net income
-$359,699
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.06$7.82$0.24$6.51$6.87$0.36
2023Detailed filing. Detailed filing data is available for this year.$9.39$8.79$0.60$5.05$4.86$0.19
2022Detailed filing. Detailed filing data is available for this year.$1.01$0.37$0.64$3.51$3.46$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.73$0.15$0.59$1.79$1.43$0.37
2020Detailed filing. Detailed filing data is available for this year.$0.35$0.13$0.22$0.91$0.92$0.01
2019Summary only. Only limited summary data is available for this year.$0.23$0.00$0.23$0.40$0.17$0.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2024
Return Version
2023v6.0
Gross Receipts
$6,505,842
Mission and Program Overview

Mission

Through rigor, joy, and character development, bloom academy charter school prepares all kindergarten through fifth grade scholars for success in middle school, high school, and college, and to lead lives of positive impact in their communities.

Public school education, kindergarten through fourth grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$799,455$841,049▲ $41,594
Cash and Non-Interest-Bearing Accounts$488,330$430,264▼ $58,066
Land, Buildings, and Equipment, Net$41,140$36,485▼ $4,655
Total Assets$9,388,165$8,059,793▼ $1,328,372
Other Assets Total$8,059,240$6,751,995▼ $1,307,245
Liabilities
Other Liabilities$7,952,981$7,016,574▼ $936,407
Accounts Payable and Accrued Expenses$563,616$618,144▲ $54,528
Unsecured Notes Loans Payable-$100,000-
Deferred Revenue$274,704$87,910▼ $186,794
Total Liabilities$8,791,301$7,822,628▼ $968,673
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$147,408$191,160▲ $43,752
Net Assets With Donor Restrictions$449,456$46,005▼ $403,451
Total Net Assets Fund Balance$596,864$237,165▼ $359,699
Total Liabilities and Net Assets / Fund Balance$9,388,165$8,059,793▼ $1,328,372

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$36,485$18,243$54,728
Equipment-$5,032$5,032
Other Assets Org$554--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Courtney SalesHead of SchoFT$139,054$139,054
Courtney SalesHead of School-$139,054$139,054

Board Members and Trustees

NameTitle
Alison HaroldBoard Chair
Cherece MiltonBoard Member
Eric RhodesBoard Member
Melodie BlackwoodBoard Member
Joana NunooBoard Secret
Christopher DouglasBoard Vice C

Highest Paid Contractors

ContractorServicesLocationCompensation
First Student INC-600 VINE ST, STE 1400, Cincinnati, OH 45202$214,450
Schulman Lopez Hoffer & Adelstein-845 PROTON RD, San Antonio, TX 78258$126,138
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,491,086
Investment Income
$0
Other Revenue
$14,756
Change in Net Assets
$-359,699

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,505,842
Total Revenue per Audited Statements
$6,505,842
Total Revenue per Form 990
$6,505,842
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,582,052
Other Expenses$3,283,489
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,744,492$134,779-$2,879,271
Fees for Services Other$1,025,175$90,089-$1,115,264
Depreciation Depletion$587,101--$587,101
Other Employee Benefits$482,852$23,949-$506,801
Interest-$253,286-$253,286
Occupancy$172,824--$172,824
Comp Disqual Persons$132,519$6,535-$139,054
Fees for Services Legal-$123,674-$123,674
Payroll Taxes$54,877$2,049-$56,926
Insurance$300$34,989-$35,289
Other Expenses$24,527$1,266-$24,527
Fees for Services Accounting-$17,500-$17,500
Travel$15,263$1,954-$17,217
All Other Expenses$10,056$5,629-$15,685
Total Functional Expenses$6,169,842$695,699$0$6,865,541

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,865,541
Total Expenses per Audited Statements$6,865,541
Total Expenses per Form 990$6,865,541
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
Finance Lease$6,956,805
Other Liabilities$59,769
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

“Form 990 is reviewed by members of management prior to the filing of the information return with the internal revenue service. The form 990 is made available to the board of directors for review at a regular scheduled meeting.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Bloom Academy Inc
EIN
82-3153661
Phone
3463331320
Address
3420 ALMEDA GENOA RD, HOUSTON, TX 77047

Signing Officer

Name
Brittney Jean-louis
Title
Head of School
Phone
3463331320
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brittney Jean-louis
Formed
2017
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
93

Preparer

Firm
Paul J Christensen & Associates LLC
Address
2110 AUSTIN AVE, WACO, TX 76701
Preparer
Paul J Christensen CPA
Phone
2547523436
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Through rigor, joy, and character development, bloom academy charter school prepares all kindergarten through fifth grade scholars for success in middle school, high school, and college, and to lead lives of positive impact in their communities.”

Form 990, Part IX, Line 11G

“Misc. Contracted services 843,411 84,839 0 consulting services 155,616 5,250 0 professional services 26,148 0 0 total 1,025,175 90,089 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“The charter holder is exempt from federal income tax under section 501(c) (3) of the internal revenue code, except to the extent it has unrelated business taxable income. The charter holder has no material unrelated business income for the year ended june 30, 2024. Generally accepted accounting principles requires that the charter holder recognize in its financial statements the financial effects of a tax position, if that position is more likely than not of being sustained upon examination, including resolution of any appeals or litigation processes, based upon the technical merits of the tax position. The requirements also provide guidance on measurement, classification, interest and penalties, and disclosure. Tax positions taken related to the charter holder's tax-exempt status, unrelated business activities taxable income and deductibility of expenses and other miscellaneous tax positions have been reviewed, and management is of the opinion that material positions taken would more likely than not be sustained by examination. Accordingly, the charter holder has not recorded an income tax liability for uncertain tax benefits. For the year ended june 30, 2024, there were no interest or penalties related to income taxes recorded or included in the financial statements. As of june 30, 2024, the charter holder's tax years 2020 through 2022 remain subject to examination.”

Raw XML AppendixShowing 400 of 410 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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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FINANCE RIGHT OF USE ASSET
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CHARTER HOLDER IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS TAXABLE INCOME. THE CHARTER HOLDER HAS NO MATERIAL UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2024. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRES THAT THE CHARTER HOLDER RECOGNIZE IN ITS FINANCIAL STATEMENTS THE FINANCIAL EFFECTS OF A TAX POSITION, IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS OF THE TAX POSITION. THE REQUIREMENTS ALSO PROVIDE GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. TAX POSITIONS TAKEN RELATED TO THE CHARTER HOLDER'S TAX-EXEMPT STATUS, UNRELATED BUSINESS ACTIVITIES TAXABLE INCOME AND DEDUCTIBILITY OF EXPENSES AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED, AND MANAGEMENT IS OF THE OPINION THAT MATERIAL POSITIONS TAKEN WOULD MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION. ACCORDINGLY, THE CHARTER HOLDER HAS NOT RECORDED AN INCOME TAX LIABILITY FOR UNCERTAIN TAX BENEFITS. FOR THE YEAR ENDED JUNE 30, 2024, THERE WERE NO INTEREST OR PENALTIES RELATED TO INCOME TAXES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. AS OF JUNE 30, 2024, THE CHARTER HOLDER'S TAX YEARS 2020 THROUGH 2022 REMAIN SUBJECT TO EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0COURTNEY SALES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0HEAD OF SCHOOL
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THROUGH RIGOR, JOY, AND CHARACTER DEVELOPMENT, BLOOM ACADEMY CHARTER SCHOOL PREPARES ALL KINDERGARTEN THROUGH FIFTH GRADE SCHOLARS FOR SUCCESS IN MIDDLE SCHOOL, HIGH SCHOOL, AND COLLEGE, AND TO LEAD LIVES OF POSITIVE IMPACT IN THEIR COMMUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY MEMBERS OF MANAGEMENT PRIOR TO THE FILING OF THE INFORMATION RETURN WITH THE INTERNAL REVENUE SERVICE. THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW AT A REGULAR SCHEDULED MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MISC. CONTRACTED SERVICES 843,411 84,839 0 CONSULTING SERVICES 155,616 5,250 0 PROFESSIONAL SERVICES 26,148 0 0 TOTAL 1,025,175 90,089 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0BRITTNEY JEAN-LOUIS
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PAUL J CHRISTENSEN & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02110 AUSTIN AVE
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