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KI EDUCATION FOUNDATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
KI EDUCATION FOUNDATION (EIN 46-2295875)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-04-30
IRS object ID
202501209349302650
Schema version
2023v6.0
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)
Return2025-04-30T13:19:47-05:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN350921680PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CROWE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line19 GREENWAY PLAZA SUITE 2100AddressLine1Txt
CityHOUSTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP770460946ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN462295875EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KI EDUCATION FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKIEDBusinessNameControlTxt
Phone5123968500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1120 BERT BROWN STREETAddressLine1Txt
CitySAN MARCOSCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78666ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJERRY LAGERPersonNm
Person TitleSUPERINTENDENT OF SCHOOLSPersonTitleTxt
Phone5123968500PhoneNum
Signature2025-04-28SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonANDREW GRAYPreparerPersonNm
PTINP01517705PTIN
Phone7136679147PhoneNum
Preparation2025-04-27PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1KI CHARTER ACADEMYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerJERRY LAGERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1120 BERT BROWN STREETAddressLine1Txt
CitySAN MARCOSCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78666ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$9,935,443GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.KICHARTER.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2013FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionDEDICATED TO FOSTERING STUDENT ACHIEVEMENT, PERSONAL GROWTH, AND CAREER READINESS.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee138TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$9,275,138PYContributionsGrantsAmt
CY Contributions Grants$9,749,394CYContributionsGrantsAmt
PY Program Service Revenue$11,516PYProgramServiceRevenueAmt
CY Program Service Revenue$11,500CYProgramServiceRevenueAmt
PY Investment Income$88,971PYInvestmentIncomeAmt
CY Investment Income$158,194CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$16,355CYOtherRevenueAmt
PY Total Revenue$9,375,625PYTotalRevenueAmt
CY Total Revenue$9,935,443CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$6,578,383PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$7,669,549CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,588,467PYOtherExpensesAmt
CY Other Expenses$1,789,702CYOtherExpensesAmt
PY Total Expenses$8,166,850PYTotalExpensesAmt
CY Total Expenses$9,459,251CYTotalExpensesAmt
PY Revenues Less Expenses$1,208,775PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$476,192CYRevenuesLessExpensesAmt
Total Assets BOY$6,718,839TotalAssetsBOYAmt
Total Assets EOY$7,257,123TotalAssetsEOYAmt
Total Liabilities BOY$897,234TotalLiabilitiesBOYAmt
Total Liabilities EOY$959,326TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,821,605NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$6,297,797NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionDEDICATED TO FOSTERING STUDENT ACHIEVEMENT, PERSONAL GROWTH, AND CAREER READINESS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$8,368,031ExpenseAmt
Revenue$11,500RevenueAmt
DescIN THE 2023-2024 SCHOOL YEAR KI CHARTER ACHIEVED REMARKABLE MILESTONES, DEMONSTRATING OUR COMMITMENT TO STUDENT SUCCESS AND ACADEMIC GROWTH. DURING THE SCHOOL YEAR WE SERVED 2,483 STUDENTS, WITH AN ESTIMATED MOBILITY RATE OF 400%. WE PROUDLY CELEBRATED THE GRADUATION OF SEVEN STUDENTS, EACH OF WHOM WORKED DILIGENTLY TO REACH THIS SIGNIFICANT MILESTONE. OUR STUDENTS ALSO MADE IMPRESSIVE STRIDES IN CAREER READINESS, EARNING 144 FOOD HANDLER CERTIFICATIONS, EQUIPPING THEM WITH ESSENTIAL SKILLS FOR THE WORKFORCE. KI CHARTER PROVIDED ELIGIBLE STUDENTS THE OPPORTUNITY TO PARTICIPATE IN THE ASVAB TEST AND HAD APPROXIMATELY 25 STUDENTS COMPLETE THE ASSESSMENT. ACADEMICALLY, OUR STUDENTS SHOWED TREMENDOUS LITERACY PROGRESS, WITH AN AVERAGE LEXILE GROWTH OF 30 POINTS AND AN OVERALL READING EQUIVALENCY INCREASE OF HALF A GRADE LEVEL, REFLECTING THEIR DEDICATION AND OUR EDUCATORS' SUPPORT. ADDITIONALLY, OUR COMMITMENT TO HELPING STUDENTS STAY ON TRACK FOR GRADUATION RESULTED IN THE SUCCESSFUL COMPLETION OF AN ESTIMATED 120 CREDIT RECOVERY COURSES, ENSURING STUDENTS REGAIN MOMENTUM IN THEIR ACADEMIC JOURNEYS. THESE ACCOMPLISHMENTS HIGHLIGHT OUR SCHOOL'S DEDICATION TO FOSTERING STUDENT ACHIEVEMENT, PERSONAL GROWTH, AND CAREER READINESS.Desc
Total Program Service Expenses$8,368,031TotalProgramServiceExpensesAmt
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 Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
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 Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document20IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee138EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
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 Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
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 BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JAVIER GARCIABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5123968500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1120 BERT BROWN STREETAddressLine1Txt
CitySAN MARCOSCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78666ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
DR LURA DAVIDSON
BOARD PRESIDENT1.00Yes (X)Yes (X)$0$0$0
DR ROSINA VALLE
SECRETARY1.00Yes (X)Yes (X)$0$0$0
DR TONI SAUNCY
VICE PRESIDENT1.00Yes (X)Yes (X)$0$0$0
MACK WIGLEY
BOARD MEMBER1.00Yes (X)$0$0$0
RAFAEL CORDERO
BOARD MEMBER1.00Yes (X)$0$0$0
DR JERRY LAGER
SUPERINTENDENT OF SCHOOLS50.00Yes (X)$225,101$0$23,642
CHRIS ALLISON
OPERATIONS DIRECTOR40.00$132,455$0$6,125Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$357,556TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$29,767TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$9,749,394GovernmentGrantsAmt
Total Contributions$9,749,394TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescLOCAL REVENUEDesc
Business900099BusinessCd
Total Revenue Column$11,500TotalRevenueColumnAmt
Related Or Exempt Func Income$11,500RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$11,500TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$158,194TotalRevenueColumnAmt
Exclusion$158,194ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescINSURANCE REIMBURSEMENDesc
Business900099BusinessCd
Total Revenue Column$16,355TotalRevenueColumnAmt
Exclusion$16,355ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$16,355OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,935,443TotalRevenueColumnAmt
Related Or Exempt Func Income$11,500RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$174,549ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$272,068TotalAmt
Management And General$272,068ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$6,306,387TotalAmt
Program Services$5,919,792ProgramServicesAmt
Management And General$386,595ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$549,089TotalAmt
Program Services$511,266ProgramServicesAmt
Management And General$37,823ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$451,848TotalAmt
Program Services$417,888ProgramServicesAmt
Management And General$33,960ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$90,157TotalAmt
Program Services$81,190ProgramServicesAmt
Management And General$8,967ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$20,200TotalAmt
Management And General$20,200ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$33,845TotalAmt
Management And General$33,845ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$948,720TotalAmt
Program Services$808,800ProgramServicesAmt
Management And General$139,920ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$116,772TotalAmt
Program Services$110,391ProgramServicesAmt
Management And General$6,381ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$139,563TotalAmt
Program Services$80,014ProgramServicesAmt
Management And General$59,549ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$44,645TotalAmt
Program Services$44,645ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$28,319TotalAmt
Program Services$4,367ProgramServicesAmt
Management And General$23,952ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescEDUCATIONAL SUPPLIESDesc
Total$417,503TotalAmt
Program Services$377,888ProgramServicesAmt
Management And General$39,615ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$40,135TotalAmt
Program Services$11,790ProgramServicesAmt
Management And General$28,345ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$9,459,251TotalAmt
Program Services$8,368,031ProgramServicesAmt
Management And General$1,091,220ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$4,829,357BOYAmt
EOY$713,349EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$4,166,660EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,545,710BOYAmt
EOY$1,719,931EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$28,204BOYAmt
EOY$1,233EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$80,955BOYAmt
EOY$313,571EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$595,755LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$253,376LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$234,613BOYAmt
EOY$342,379EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$6,718,839BOYAmt
EOY$7,257,123EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$897,234BOYAmt
EOY$926,750EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
EOY$32,576EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$897,234BOYAmt
EOY$959,326EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$256,777BOYAmt
EOY$392,440EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,564,828BOYAmt
EOY$5,905,357EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,821,605BOYAmt
EOY$6,297,797EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,718,839BOYAmt
EOY$7,257,123EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$476,192ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
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 RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

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

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$240,290OtherCostOrOtherBasisAmt
Depreciation$43,260DepreciationAmt
Book Value$197,030BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$355,465OtherCostOrOtherBasisAmt
Depreciation$210,116DepreciationAmt
Book Value$145,349BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$342,379TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$9,935,443TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$9,935,443RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$9,935,443TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$9,459,251TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$9,459,251ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$9,459,251TotalExpensesPerForm990Amt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships Recs0MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc0MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol0MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THE ORGANIZATION'S POLICY IS PUBLISHED ON ITS WEBSITE.
SCHEDULE E, PART I, LINE 4THE ITEMS REFERENCED IN QUESTIONS 4B, 4C, AND 4D ARE NOT APPLICABLE. THE ORGANIZATION DOES NOT PROVIDE FINANCIAL ASSISTANCE DIRECTLY OR INDIRECTLY TO STUDENTS.
SCHEDULE E, PART I, LINE 6KI CHARTER ACADEMY OPERATES AS A PUBLIC CHARTER SCHOOL IN TEXAS AND, AS SUCH, RECEIVES REVENUE FROM THE TEXAS EDUCATION AGENCY AND RELATED STATE AND FEDERAL AGENCIES AS ENTITLEMENTS AND/OR GRANTS.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonDR JERRY LAGERPersonNm
TitleSUPERINTENDENT OF SCHOOLSTitleTxt
Base Compensation Filing Org$225,101BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$16,027DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$7,615NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$248,743TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1ATHE OFFICERS OF THE BOARD SHALL SERVE AS THE MEMBERS OF THE EXECUTIVE COMMITTEE. EXCEPT FOR THE POWER TO AMEND THE ARTICLES OF INCORPORATION AND BYLAWS, THE EXECUTIVE COMMITTEE HAS ALL OF THE POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, SUBJECT TO THE DIRECTION AND CONTROL OF THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11BA COMPLETE COPY OF THE FORM 990 IS PROVIDED TO THE GOVERNING BODY MEMBERS FOR THEIR REVIEW. ADDITIONALLY, MANAGEMENT IS INVOLVED IN THE REVIEW AND APPROVAL OF FILINGS.
FORM 990, PART VI, SECTION B, LINE 12CAN INTERESTED PERSON IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST IN WRITING TO THE BOARD AS SOON AS HE OR SHE HAS KNOWLEDGE OF IT. THE BOARD THEN GIVES THE INTERESTED PERSON AN OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS RELATED TO THE CONFLICT. SUCH WRITTEN DISCLOSURE WILL BE MADE PART OF THE BOARD MINUTES. THE DISCLOSURE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST OCCURS PRIOR TO ANY CONSIDERATION OF THE PROPOSED TRANSACTION BY THE BOARD. AFTER DISCLOSURE OF THE INTEREST, THE INTERESTED PERSON LEAVES THE BOARD MEETING WHILE A DETERMINATION IS MADE WHETHER A CONFLICT OF INTEREST EXISTS. NO DIRECTOR WILL VOTE ON ANY MATTER IN WHICH HE OR SHE HAS A CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15THE COMPENSATION FOR THE SUPERINTENDENT (TOP MANAGEMENT OFFICIAL) IS REVIEWED ANNUALLY BY THE BOARD IN EXECUTIVE SESSION. COMPARABILITY DATA FROM SIMILAR ORGANIZATIONS IS USED TO DETERMINE COMPENSATION, AND THE DECISIONS ARE DELIBERATED AND DOCUMENTED. THE MOST RECENT COMPENSATION REVIEW TOOK PLACE DURING SEPTEMBER 2023.
FORM 990, PART VI, SECTION C, LINE 19THOSE REQUIRED BY LAW TO BE MADE AVAILABLE TO THE PUBLIC ARE POSTED ON THE ORGANIZATION'S WEBSITE. ALL OTHERS ARE AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11GOTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 41,265. MANAGEMENT AND GENERAL EXPENSES 14,901. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 56,166. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 455,236. MANAGEMENT AND GENERAL EXPENSES 12,251. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 467,487. EDUCATION SERVICE CENTER SERVICES: PROGRAM SERVICE EXPENSES 15,539. MANAGEMENT AND GENERAL EXPENSES 5,611. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,150. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 296,760. MANAGEMENT AND GENERAL EXPENSES 107,157. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 403,917.

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