Civic Intelligence

Houston Classical Inc.

990 • Fiscal year 2021 • EIN 83-2516896

Jul 01, 2020 to Jun 30, 2021 • Filed on May 10, 2022

6403 Addicks Clodine RdHouston, TX 77083

(713) 748-9626

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.02x

Higher debt load relative to assets than 33% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

79th percentile

36%

Higher net margin than 79% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

56th percentile

$71,250

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

98th percentile

316%

Faster asset growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

96th percentile

307%

Faster revenue growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,067,536

Up $810,631 (+316%) from 2020

Net Assets

Up

$1,051,197

Up $794,292 (+309%) from 2020

Liabilities

Up

$16,339

Up $16,339 from 2020

Revenue

Up

$2,105,728

Up $1,588,668 (+307%) from 2020

Expenses

Up

$1,337,546

Up $1,077,391 (+414%) from 2020

Net Income

Up

$768,182

Up $511,277 (+199%) from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $256,905Liabilities 2020: $0Net Assets 2020: $256,9052020Assets 2021: $1,067,536Liabilities 2021: $16,339Net Assets 2021: $1,051,1972021Assets 2022: $941,279Liabilities 2022: $94,402Net Assets 2022: $846,8772022Assets 2023: $3,963,908Liabilities 2023: $980,394Net Assets 2023: $2,983,5142023Assets 2024: $10,318,589Liabilities 2024: $5,250,784Net Assets 2024: $5,067,8052024

Highlighted filing

2021

Assets$1,067,536
Liabilities$16,339
Net Assets$1,051,197

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $517,060Expenses 2020: $260,155Net Income 2020: $256,9052020Revenue 2021: $2,105,728Expenses 2021: $1,337,546Net Income 2021: $768,1822021Revenue 2022: $2,606,277Expenses 2022: $2,810,597Net Income 2022: -$204,3202022Revenue 2023: $6,032,527Expenses 2023: $3,857,679Net Income 2023: $2,174,8482023Revenue 2024: $8,765,413Expenses 2024: $6,681,122Net Income 2024: $2,084,2912024

Highlighted filing

2021

Revenue$2,105,728
Expenses$1,337,546
Net Income$768,182
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 10, 2022
Return Version
2020v4.2
Gross Receipts
$2,105,728
Mission and Program Overview

Mission

Provide a robust classical curriculum structured around the classical education concepts of grammar, logic, and rhetoric; grounded in great works; and ordered by the great ideas. Our classical model will focus on literacy, deep love of learning, and values.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$159,077$351,820▲ $192,743
Land, Buildings, and Equipment, Net$0$254,715▲ $254,715
Accounts Receivable$0$250,161▲ $250,161
Pledges and Grants Receivable$65,812$0▼ $65,812
Prepaid Expenses and Deferred Charges$13,891$26,775▲ $12,884
Total Assets$256,905$1,067,536▲ $810,631
Other Assets Total$18,125$184,065▲ $165,940
Liabilities
Accounts Payable and Accrued Expenses$0$16,339▲ $16,339
Total Liabilities$0$16,339▲ $16,339
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$256,905$955,220▲ $698,315
Net Assets With Donor Restrictions$0$95,977▲ $95,977
Total Net Assets Fund Balance$256,905$1,051,197▲ $794,292
Total Liabilities and Net Assets / Fund Balance$256,905$1,067,536▲ $810,631

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$195,406$39,663$235,069
Buildings$59,309$5,816$65,125
Other Assets Org$184,065--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Deyvis R SalazarCEOFT$71,250-$71,250
Mandi R LovettOperations ManagerFT$37,061$1,160$38,221

Board Members and Trustees

NameTitle
Aaron DominguezBoard Member
Adrienne AminBoard Member
Chris SmithBoard Member
Fred BarreraBoard Member
Maria MontesBoard Member
Mira K ShahBoard Member
Portia MckenzieBoard Member
Whitney GuariscoBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,557,314
Program Service Revenue
$548,414
Investment Income
$0
Other Revenue
$0
All Other Contributions
$872,823
Change in Net Assets
$768,182

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,105,728
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,105,728
Total Revenue per Form 990
$2,105,728
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$995,559
Salaries, Compensation, and Employee Benefits$341,987
Total Fundraising Expense$4,235
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$218,290$41,447-$259,737
Other Salaries and Wages$131,079$35,680$2,189$168,948
Current Officers, Directors, Trustees, and Key Employees$113,995$31,006$1,882$146,883
Fees for Services Other$78,359$5,086-$83,445
Advertising$52,547$9,273-$61,820
Office Expenses$39,949$6,179-$46,128
Depreciation Depletion$35,474$10,005-$45,479
Other Expenses$23,734$5,933-$29,667
Pension Plan Contributions$10,798$2,806$64$13,668
Other Employee Benefits$6,962$1,809$41$8,812
Insurance-$6,855-$6,855
Payroll Taxes$3,019$598$59$3,676
Travel$260$35-$295
Interest-$211-$211
Total Functional Expenses$1,080,130$253,181$4,235$1,337,546

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,337,546
Total Expenses per Audited Statements$1,337,546
Total Expenses per Form 990$1,337,546
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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 8B

Houston classical does not currently have committees in place which have the authority to act on behalf of the governing body.

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

The ceo reviews and approves the form 990 prior to filing.

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

The conflict of interest policy is reviewed annually and signed by each member of the governing board.

Form 990, Part VI, Section B, Line 15

The board of directors of the organization annually reviews and surveys comparable data in determining compensation.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Houston Classical Inc
EIN
83-2516896
Phone
7137489626
Address
6403 ADDICKS CLODINE RD, HOUSTON, TX 77083

Signing Officer

Name
Deyvis R Salazar
Title
CEO
Phone
7137489626
Signed
2022-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deyvis R Salazar
Formed
2018
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
8
Volunteers
8

Preparer

Firm
Randy Walker & Co
Address
7800 IH 10 WEST STE 505, SAN ANTONIO, TX 78230
Preparer
Randy L Walker CPA
Phone
2103669430
Supplemental Narrative

Additional Explanations

Section 1.263(A)-1(F) De Minimis Safe Harbor Election

Houston classical inc 6403 addicks clodine rd houston, tx 77083 employer identification number: 83-2516896 for the year ending june 30, 2021 houston classical inc is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).

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IRS990/ActivityOrMissionDesc0PROVIDE A ROBUST CLASSICAL CURRICULUM STRUCTURED AROUND THE CLASSICAL EDUCATION CONCEPTS OF GRAMMAR, LOGIC, AND RHETORIC; GROUNDED IN GREAT WORKS; AND ORDERED BY THE GREAT IDEAS. OUR CLASSICAL MODEL WILL FOCUS ON LITERACY, DEEP LOVE OF LEARNING, AND VALUES.
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IRS990/MissionDesc0PROVIDE A ROBUST CLASSICAL CURRICULUM STRUCTURED AROUND THE CLASSICAL EDUCATION CONCEPTS OF GRAMMAR, LOGIC, AND RHETORIC; GROUNDED IN GREAT WORKS; AND ORDERED BY THE GREAT IDEAS. OUR CLASSICAL MODEL WILL FOCUS ON LITERACY, DEEP LOVE OF LEARNING, AND VALUES.
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IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0451248
IRS990/PYRevenuesLessExpensesAmt0256905
IRS990/PYSalariesCompEmpBnftPaidAmt030000
IRS990/PYTotalExpensesAmt0260155
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0517060
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0768182
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0548414
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0159077
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0351820
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt059309
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05816
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt065125
IRS990ScheduleD/EquipmentGrp/BookValueAmt0195406
IRS990ScheduleD/EquipmentGrp/DepreciationAmt039663
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0235069
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01337546
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0184065
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM TEA
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02105728
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0254715
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0184065
IRS990ScheduleD/TotalExpensesPerForm990Amt01337546
IRS990ScheduleD/TotalRevenuePerForm990Amt02105728
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02105728
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01337546
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S NONDISCRIMINATORY POLICY IS PUBLISHED IN LOCAL NEWSPAPERS AND IS PRINTED ON ALL PROMOTIONAL MATERIALS DISTRIBUTED TO THE PUBLIC BY THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1HOUSTON CLASSICAL INC RECEIVES ITS GOVERNMENT FUNDING FROM THE TEXAS EDUCATION AGENCY FOR AVERAGE DAILY ATTENDANCE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOUSTON CLASSICAL INC 6403 ADDICKS CLODINE RD HOUSTON, TX 77083 EMPLOYER IDENTIFICATION NUMBER: 83-2516896 FOR THE YEAR ENDING JUNE 30, 2021 HOUSTON CLASSICAL INC IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HOUSTON CLASSICAL DOES NOT CURRENTLY HAVE COMMITTEES IN PLACE WHICH HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CEO REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND SIGNED BY EACH MEMBER OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS OF THE ORGANIZATION ANNUALLY REVIEWS AND SURVEYS COMPARABLE DATA IN DETERMINING COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0256905
IRS990/TotalAssetsEOYAmt01067536
IRS990/TotalAssetsGrp/BOYAmt0256905
IRS990/TotalAssetsGrp/EOYAmt01067536
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01557314
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04235
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0253181
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01080130
IRS990/TotalFunctionalExpensesGrp/TotalAmt01337546
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt016339
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt016339
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0256905
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01051197
IRS990/TotalOtherCompensationAmt01160
IRS990/TotalProgramServiceExpensesAmt01080130
IRS990/TotalProgramServiceRevenueAmt0548414
IRS990/TotalReportableCompFromOrgAmt0108311
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0548414
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02105728
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0256905
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01067536
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt035
IRS990/TravelGrp/ProgramServicesAmt0260
IRS990/TravelGrp/TotalAmt0295
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06403 ADDICKS CLODINE RD
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077083

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