WESTLAKE ACADEMY FOUNDATION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
WESTLAKE ACADEMY FOUNDATION (EIN 20-0033926)
Tax period
2022-09-01 to 2023-08-31
Filed
2024-07-15
IRS object ID
202401979349300335
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-07-15T13:09:11-05:00ReturnTs
Tax Period End2023-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN750786316PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WEAVER AND TIDWELL LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12300 N FIELD ST STE 1000AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75201ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN200033926EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WESTLAKE ACADEMY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWESTBusinessNameControlTxt
Phone8174905722PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12600 JT OTTINGER ROADAddressLine1Txt
CityWESTLAKECityNm
State AbbreviationTXStateAbbreviationCd
ZIP76262ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDR SHELLY MYERSPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone8174905722PhoneNum
Signature2024-07-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDRPersonFirstNm
Person LastSHELLY MYERSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKIRBY ROSSPreparerPersonNm
PTINP00298143PTIN
Phone9724901970PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDR SHELLY MYERSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12600 JT OTTINGER ROADAddressLine1Txt
CityWESTLAKECityNm
State AbbreviationTXStateAbbreviationCd
ZIP76262ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,992,092GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWESTLAKEACADEMYFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2003FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionTO PROVIDE FINANCIAL SUPPORT FOR WESTLAKE ACADEMY IN ITS EFFORTS TO ACHIEVE ACADEMIC EXCELLENCE IN DEVELOPING RESPONSIBLE, GLOBAL, LIFELONG LEARNERS.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers90TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,191,598PYContributionsGrantsAmt
CY Contributions Grants$652,584CYContributionsGrantsAmt
PY Program Service Revenue$1,159,868PYProgramServiceRevenueAmt
CY Program Service Revenue$1,220,566CYProgramServiceRevenueAmt
PY Investment Income$177,195PYInvestmentIncomeAmt
CY Investment Income$31,608CYInvestmentIncomeAmt
PY Other Revenue-$190,165PYOtherRevenueAmt
CY Other Revenue-$77,101CYOtherRevenueAmt
PY Total Revenue$2,338,496PYTotalRevenueAmt
CY Total Revenue$1,827,657CYTotalRevenueAmt
PY Grants And Similar Paid$2,254,045PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,532,696CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$4,055CYTotalFundraisingExpenseAmt
PY Other Expenses$81,587PYOtherExpensesAmt
CY Other Expenses$76,348CYOtherExpensesAmt
PY Total Expenses$2,335,632PYTotalExpensesAmt
CY Total Expenses$1,609,044CYTotalExpensesAmt
PY Revenues Less Expenses$2,864PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$218,613CYRevenuesLessExpensesAmt
Total Assets BOY$2,748,901TotalAssetsBOYAmt
Total Assets EOY$3,284,208TotalAssetsEOYAmt
Total Liabilities BOY$6,895TotalLiabilitiesBOYAmt
Total Liabilities EOY$181,144TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,742,006NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,103,064NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE FINANCIAL SUPPORT FOR WESTLAKE ACADEMY IN ITS EFFORTS TO PROVIDE STUDENTS WITH AN INTERNATIONALLY-MINDED EDUCATION OF THE HIGHEST QUALITY, SO THEY ARE WELL-BALANCED AND RESPECTFUL LIFE-LONG LEARNERS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,532,696ExpenseAmt
Grant$1,532,696GrantAmt
Revenue$1,220,566RevenueAmt
DescPROVIDE "ABOVE AND BEYOND" SUPPORT FOR ACTIVITIES AND INITIATIVES OF THE ACADEMY OUTSIDE OF THE ANNUAL BUDGET. GRANTS HAVE FUNDED NEW CURRICULUM PROGRAMS, CLASSROOM PROJECTS, NEW EQUIPMENT, RETENTION/RECRUITING INCENTIVES, SMARTBOARDS AND PROFESSIONAL DEVELOPMENT/TRAINING.Desc
Total Program Service Expenses$1,532,696TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonDR SHELLY MYERSPersonNm
Phone8174905722PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12600 J T OTTINGER ROADAddressLine1Txt
CityWESTLAKECityNm
State AbbreviationTXStateAbbreviationCd
ZIP76262ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
TIFFANY HERNANDEZ
DIRECTOR2.00Yes (X)$0$0$0
MICHAEL COLBY
DIRECTOR2.00Yes (X)$0$0$0
LILLY JIMENEZ
DIRECTOR2.00Yes (X)$0$0$0
DEBBIE KRASKA
DIRECTOR2.00Yes (X)$0$0$0
HEATHER KILGORE
DIRECTOR2.00Yes (X)$0$0$0
ROB FITZGERALD
DIRECTOR2.00Yes (X)$0$0$0
SHARAN SANKARANARAYANAN
DIRECTOR2.00Yes (X)$0$0$0
PATTY PINSONNAULT
DIRECTOR2.00Yes (X)$0$0$0
CHRISTINE ROSS
PRESIDENT5.00Yes (X)$0$0$0Yes (X)
MEGHAN DORR
VICE PRESIDENT2.00Yes (X)$0$0$0Yes (X)
DR AHU PRIMEAUX
SECRETARY2.00Yes (X)$0$0$0Yes (X)
SEAN SHOPE
TREASURER2.00Yes (X)$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$355,150FundraisingAmt
All Other Contributions$297,434AllOtherContributionsAmt
Noncash Contributions$7,739NoncashContributionsAmt
Total Contributions$652,584TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescBLACKSMITH ANNUAL PROGDesc
Business900099BusinessCd
Total Revenue Column$1,220,566TotalRevenueColumnAmt
Related Or Exempt Func Income$1,220,566RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$1,220,566TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$74,352TotalRevenueColumnAmt
Exclusion$74,352ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$4,550SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$47,294SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$42,744SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$42,744TotalRevenueColumnAmt
Exclusion-$42,744ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$40,040FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$355,150ContriRptFundraisingEventAmt
Fundraising Direct Expenses$117,141FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$77,101TotalRevenueColumnAmt
Exclusion-$77,101ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,827,657TotalRevenueColumnAmt
Related Or Exempt Func Income$1,220,566RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$45,493ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,532,696TotalAmt
Program Services$1,532,696ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$27,314TotalAmt
Management And General$27,314ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$119TotalAmt
Management And General$119ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$19,266TotalAmt
Management And General$19,266ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$856TotalAmt
Management And General$856ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
CREDIT CARD/BANK FEES$21,315$17,260$4,055
MISCELLANEOUS EXPENSES$7,478$7,478

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,609,044TotalAmt
Program Services$1,532,696ProgramServicesAmt
Management And General$72,293ManagementAndGeneralAmt
Fundraising$4,055FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$585,129BOYAmt
EOY$978,715EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$4,141BOYAmt
EOY$7,967EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$2,159,631BOYAmt
EOY$2,297,526EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,748,901BOYAmt
EOY$3,284,208EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$6,895BOYAmt
EOY$3,341EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
EOY$177,803EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,895BOYAmt
EOY$181,144EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,444,007BOYAmt
EOY$2,785,255EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$297,999BOYAmt
EOY$317,809EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,742,006BOYAmt
EOY$3,103,064EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,748,901BOYAmt
EOY$3,284,208EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$218,613ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$142,445NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,748,516CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,053,311CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$989,392CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,191,598CurrentTaxYearMinus1YearAmt
Current Tax Year$692,624CurrentTaxYearAmt
Total$5,675,441TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,748,516CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,053,311CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$989,392CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,191,598CurrentTaxYearMinus1YearAmt
Current Tax Year$692,624CurrentTaxYearAmt
Total$5,675,441TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$246,475SubstantialContributorsTotAmt
Public Support Total170$5,428,966PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$78,048CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$68,073CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$49,924CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$115,356CurrentTaxYearMinus1YearAmt
Current Tax Year$74,352CurrentTaxYearAmt
Total$385,753TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$41,700CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$37,150CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$31,350CurrentTaxYearMinus2YearsAmt
Total$110,200TotalAmt
FieldValueIRS element (for citing)
Total Support$6,171,394TotalSupportAmt
Public Support CY1700.87970PublicSupportCY170Pct
Public Support PY1700.89710PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,153,037BeginningYearBalanceAmt
Investment Earnings Or Losses$187,102InvestmentEarningsOrLossesAmt
Grants Or Scholarships$12,875GrantsOrScholarshipsAmt
Administrative Expenses$17,256AdministrativeExpensesAmt
End Year Balance$2,310,008EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,499,994BeginningYearBalanceAmt
Investment Earnings Or Losses-$321,347InvestmentEarningsOrLossesAmt
Grants Or Scholarships$6,735GrantsOrScholarshipsAmt
Administrative Expenses$18,875AdministrativeExpensesAmt
End Year Balance$2,153,037EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,021,775BeginningYearBalanceAmt
Contributions$64,634ContributionsAmt
Investment Earnings Or Losses$437,962InvestmentEarningsOrLossesAmt
Grants Or Scholarships$6,490GrantsOrScholarshipsAmt
Administrative Expenses$17,887AdministrativeExpensesAmt
End Year Balance$2,499,994EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,865,084BeginningYearBalanceAmt
Contributions$25,903ContributionsAmt
Investment Earnings Or Losses$153,125InvestmentEarningsOrLossesAmt
Grants Or Scholarships$7,828GrantsOrScholarshipsAmt
Administrative Expenses$14,509AdministrativeExpensesAmt
End Year Balance$2,021,775EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,827,173BeginningYearBalanceAmt
Contributions$32,210ContributionsAmt
Investment Earnings Or Losses$22,761InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,906GrantsOrScholarshipsAmt
Administrative Expenses$11,154AdministrativeExpensesAmt
End Year Balance$1,865,084EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.96146BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.03854PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
EQUITY$1,413,675F
FIXED INCOME$883,851F
FieldValueIRS element (for citing)
Total Book Value Securities$2,297,526TotalBookValueSecuritiesAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,129,987TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$142,445NetUnrealizedGainsInvstAmt
Other Revenue$159,885OtherRevenueAmt
Revenue Not Reported$302,330RevenueNotReportedAmt
Revenue Subtotal$1,827,657RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,827,657TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,768,929TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$159,885OtherExpensesIncludedAmt
Expenses Not Reported$159,885ExpensesNotReportedAmt
Expenses Subtotal$1,609,044ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,609,044TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:GENERAL WAF ENDOWMENT (UNRESTRICTED) IS AVAILABLE TO RESPOND TO EMERGENCIES OR OPPORTUNITIES IN ANY GIVEN SCHOOL YEAR. GINGY QUINN FUND IS RESTRICTED TO SUPPORTING INNOVATIVE PROGRAMS, NEW CLASSROOM TECHNOLOGIES, AND NEW TEACHER RESOURCES. JOE BRADLEY FUND IS RESTRICTED TO PROVIDING STUDENT TRAVEL AWARDS.
PART X, LINE 2:THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT CONDUCT UNRELATED BUSINESS ACTIVITIES. THEREFORE, THE FOUNDATION HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS AS OF AUGUST 31, 2023, THAT WOULD BE SUBJECT TO THE RECOGNITION PROVISION OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. GENERALLY, THE THREE PRIOR YEARS REMAIN OPEN FOR FEDERAL INCOME TAX EXAMINATION.
PART XI, LINE 2D - OTHER ADJUSTMENTS:SPECIAL EVENT EXPENSE 117,141. REALIZED LOSS ON INVESTMENT 42,744.
PART XII, LINE 2D - OTHER ADJUSTMENTS:SPECIAL EVENT EXPENSE 117,141. REALIZED LOSS ON INVESTMENT 42,744.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GALAEvent1Nm
Gross Receipts Event1$288,306GrossReceiptsEvent1Amt
Charitable Contri Event1$248,266CharitableContriEvent1Amt
Gross Revenue Event1$40,040GrossRevenueEvent1Amt
Other Direct Expenses Event1$115,709OtherDirectExpensesEvent1Amt
Event2WESTLAKE BAJAEvent2Nm
Gross Receipts Event2$106,884GrossReceiptsEvent2Amt
Charitable Contri Event2$106,884CharitableContriEvent2Amt
Other Direct Expenses Event2$1,432OtherDirectExpensesEvent2Amt
Gross Receipts Total$395,190GrossReceiptsTotalAmt
Charitable Contributions Tot$355,150CharitableContributionsTotAmt
Gross Revenue Total Events$40,040GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$117,141OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$117,141DirectExpenseSummaryEventsAmt
Net Income Summary-$77,101NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1WESTLAKE ACADEMYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12600 JT OTTINGER ROADAddressLine1Txt
CityWESTLAKECityNm
State AbbreviationTXStateAbbreviationCd
ZIP76262ZIPCd
FieldValueIRS element (for citing)
Recipient EIN752449357RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$1,532,696CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantPROVIDE FINANCIAL SUPPORT FOR WESTLAKE ACADEMY IN ITS EFFORTS TO ACHIEVE ACADEMIC EXCELLENCE.PurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE FINANCE DIRECTOR PRIOR TO BEING FILED. EACH BOARD MEMBER HAS THE OPPORTUNITY TO SEE THE 990 PRIOR TO FILING BY REQUEST.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAINTAINS A COPY OF ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AND EACH IS AVAILABLE FOR REVIEW UPON REQUEST ALONG WITH THE PUBLIC AVAILABILITY OF THE ANNUAL AUDIT REPORT.
PART XII, LINE 2C EXPLANATIONNO CHANGES TO METHOD OF ACCOUNTING OR AUDIT COMMITTEE PROCEDURES OCCURRED DURING THE FISCAL YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1WESTLAKE ACADEMYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12600 JT OTTINGER ROADAddressLine1Txt
CityWESTLAKECityNm
State AbbreviationTXStateAbbreviationCd
ZIP75262ZIPCd
FieldValueIRS element (for citing)
EIN752449357EIN
Primary ActivitiesOPERATE A SCHOOLPrimaryActivitiesTxt
Legal Domicile StateTXLegalDomicileStateCd
Exempt Code Section501(C)3ExemptCodeSectionTxt
Public Charity StatusLINE 2PublicCharityStatusTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
WESTLAKE ACADEMY
B$2,254,045CASH
WESTLAKE ACADEMY
OCASH

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