RIVERWALK EDUCATION FOUNDATION INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
RIVERWALK EDUCATION FOUNDATION INC (EIN 01-0758906)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-04-13
IRS object ID
202301039349301850
Schema version
2021v4.0
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)
Return2023-04-13T17:49:16-04:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN760225893PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GOMEZ & COMPANYBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15177 RICHMOND AVE STE 1100AddressLine1Txt
CityHOUSTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP770566748ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN010758906EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RIVERWALK EDUCATION FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRIVEBusinessNameControlTxt
Phone2109571955PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15300 WURZBACH RD SUITE 800AddressLine1Txt
CityLEON VALLEYCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78238ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonFEVZI SIMSEKPersonNm
Person TitleSUPERINTENDENTPersonTitleTxt
Phone2109571955PhoneNum
Signature2023-04-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstFEVZIPersonFirstNm
Person LastSIMSEKPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBENJAMIN P GOMEZPreparerPersonNm
PTINP00840652PTIN
Phone7136665900PhoneNum
Preparation2023-04-13PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerFEVZI SIMSEKPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15300 WURZBACH RD SUITE 800AddressLine1Txt
CityLEON VALLEYCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78238ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$109,250,212GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SSTSCHOOLS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2002FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionOUR MISSION DRIVES ACADEMIC AND SOCIO-EMOTIONAL DEVELOPMENT THROUGH A RIGOROUS COLLEGE PREPARATORY, STEM-BASED LEARNING MODEL. THE MODEL IS ANCHORED ON 21ST CENTURY SKILLS, EMBRACED BY A CHARACTER-BUILDING APPROACH, AND DELIVERED IN AN ENRICHING, SAFE, AND STUDENT-CENTERED LEARNING ENVIRONMENT.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee1475TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$85,349,353PYContributionsGrantsAmt
CY Contributions Grants$106,567,553CYContributionsGrantsAmt
PY Program Service Revenue$1,018,361PYProgramServiceRevenueAmt
CY Program Service Revenue$2,652,009CYProgramServiceRevenueAmt
PY Investment Income$9,620PYInvestmentIncomeAmt
CY Investment Income$30,650CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$86,377,334PYTotalRevenueAmt
CY Total Revenue$109,250,212CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$52,856,448PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$70,445,581CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$32,723,187PYOtherExpensesAmt
CY Other Expenses$45,383,239CYOtherExpensesAmt
PY Total Expenses$85,579,635PYTotalExpensesAmt
CY Total Expenses$115,828,820CYTotalExpensesAmt
PY Revenues Less Expenses$797,699PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$6,578,608CYRevenuesLessExpensesAmt
Total Assets BOY$247,569,158TotalAssetsBOYAmt
Total Assets EOY$396,093,988TotalAssetsEOYAmt
Total Liabilities BOY$234,466,155TotalLiabilitiesBOYAmt
Total Liabilities EOY$389,569,593TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$13,103,003NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$6,524,395NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionOUR MISSION DRIVES ACADEMIC AND SOCIO-EMOTIONAL DEVELOPMENT THROUGH A RIGOROUS COLLEGE PREPARATORY, STEM-BASED LEARNING MODEL. THE MODEL IS ANCHORED ON 21ST CENTURY SKILLS, EMBRACED BY A CHARACTER-BUILDING APPROACH, AND DELIVERED IN AN ENRICHING, SAFE, AND STUDENT-CENTERED LEARNING ENVIRONMENT.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$108,986,996ExpenseAmt
DescIT OPERATES A SCHOOL FOR THE BENEFIT OF CHILDREN IN SCHOOL DISTRICTS IN THE SAN ANTONIO,HOUSTON, AND CORPUS CHRISTI AREAS. THE FUNCTION OF OPERATING THE SCHOOL IS THE REASON FOR THE ORGANIZATION'S EXEMPT STATUS.Desc
Total Program Service Expenses$108,986,996TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document412IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee1475EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonFEVIZ SIMSEKPersonNm
Phone2109571955PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15300 WURZBACH RD SUITE 800AddressLine1Txt
CityLEON VALLEYCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78238ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
FEVZI SIMSEK
SUPERINTENDE40.00Yes (X)$131,956$0$0
MEHMET NALCACI
CEO/ ADV TO40.00Yes (X)$129,809$0$0
ATNAN EKIN
REG EXEC DIR40.00$119,206$0$0Yes (X)
MUHAMMET PAKDIL
REG EXEC DIR40.00$109,962$0$0Yes (X)
ZEKERIYA YUKSEL
DIRECTOR OF40.00$108,366$0$0Yes (X)
ALPASLAN UZGOREN
PRINCIPAL40.00$105,072$0$0Yes (X)
MUSTAFA KILILOGLU
HEAD OF ACED40.00$104,895$0$0Yes (X)
KEVIN E DEMIRCI
COO40.00Yes (X)$100,346$0$0
DENIS AKHIYAROV
MEMBER5.00$0$0$0Yes (X)
MRS VALARIE AKTEPE
TREASURER5.00$0$0$0Yes (X)
MR CHRISTOPHER JOHN GEISEKE
VICE PRESIDE5.00$0$0$0Yes (X)
DR TURGAY KORKMAZ
PRESIDENT5.00$0$0$0Yes (X)
DR SULEYMAN TEK
SECRETARY5.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$909,612TotalReportableCompFromOrgAmt
Indiv Rcvd Greater Than100 K12IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
KEY CONTRSUCTION INC
741 W 2ND ST NWICHITAKS67203CONSTRUCTION$2,173,676
ALAMO ARCHITECTS
1512 SOUTH FORESSAN ANTONIOTX78204ARCHITECTURE$2,125,714
COHN-HUGGINS LLC
7100 HIGH LIFE DRIVERENTTX77066RENT$1,045,500
SPECIALIZED ASSESSMENT & CONSULTING
10242 GREENHOUSE RD 1701CYPRESSTX77433CONSULTING$873,255
CRYSTAL FACILITY SOLUTIONS INC
11011 S WILCREST DR SUITE BHOUSTONTX77099CLEANING COMP.$780,385
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K51CntrctRcvdGreaterThan100KCnt
Government Grants$106,567,553GovernmentGrantsAmt
Total Contributions$106,567,553TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescOTHER REVENUEDesc
Total Revenue Column$2,652,009TotalRevenueColumnAmt
Exclusion$2,652,009ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$2,652,009TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$30,650TotalRevenueColumnAmt
Exclusion$30,650ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$109,250,212TotalRevenueColumnAmt
Exclusion$2,682,659ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$362,111TotalAmt
Management And General$362,111ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$61,850,265TotalAmt
Program Services$57,522,621ProgramServicesAmt
Management And General$4,327,644ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$7,171,760TotalAmt
Program Services$6,546,200ProgramServicesAmt
Management And General$625,560ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,061,445TotalAmt
Program Services$986,270ProgramServicesAmt
Management And General$75,175ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$107,436TotalAmt
Management And General$107,436ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$97,504TotalAmt
Management And General$97,504ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$11,150,688TotalAmt
Program Services$10,785,499ProgramServicesAmt
Management And General$365,189ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,116,134TotalAmt
Program Services$1,116,134ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$240,300TotalAmt
Program Services$176,516ProgramServicesAmt
Management And General$63,784ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$7,267,728TotalAmt
Program Services$7,267,728ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$4,965,340TotalAmt
Program Services$4,965,340ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$400,922TotalAmt
Program Services$400,922ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
SUPPLIES$10,268,088$10,042,189$225,899
OTHER EXPENSES$2,919,798$2,334,776$585,022
REPAIRS AND MAINTENANCE$2,899,844$2,899,844
EQUIPMENT LEASE$2,179,448$2,179,448

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,770,009TotalAmt
Program Services$1,763,509ProgramServicesAmt
Management And General$6,500ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$115,828,820TotalAmt
Program Services$108,986,996ProgramServicesAmt
Management And General$6,841,824ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$32,461,966BOYAmt
EOY$124,843,814EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$15,144,653BOYAmt
EOY$17,496,380EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$55,428BOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$272,823,457LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$19,486,441LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$199,352,307BOYAmt
EOY$253,337,016EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$554,804BOYAmt
EOY$416,778EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$247,569,158BOYAmt
EOY$396,093,988EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$4,214,789BOYAmt
EOY$12,042,940EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$190,142,896BOYAmt
EOY$341,136,004EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$12,340,146BOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$27,768,324BOYAmt
EOY$36,390,649EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$234,466,155BOYAmt
EOY$389,569,593EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,103,762BOYAmt
EOY$1,104,055EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,999,241BOYAmt
EOY$5,420,340EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$13,103,003BOYAmt
EOY$6,524,395EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$247,569,158BOYAmt
EOY$396,093,988EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$6,578,608ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$28,645,732OtherCostOrOtherBasisAmt
Book Value$28,645,732BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$163,777,141OtherCostOrOtherBasisAmt
Depreciation$15,300,523DepreciationAmt
Book Value$148,476,618BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$8,039,212OtherCostOrOtherBasisAmt
Depreciation$4,045,146DepreciationAmt
Book Value$3,994,066BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$72,361,372OtherCostOrOtherBasisAmt
Depreciation$140,772DepreciationAmt
Book Value$72,220,600BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$253,337,016TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)

DescDescAmtAmt
OPERATING LEASE$21,252,964
WAGES PAYABLE$7,471,118
INTEREST PAYABLE$4,147,459
ACCRUED LIABILITIES$2,244,234
PAYROLL TAXES PAYABLE$921,253
DEFERRED REVENUE$185,290
FINANCE LEASE$168,331
FieldValueIRS element (for citing)
Total Liability$36,390,649TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$109,250,212TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$109,250,212RevenueSubtotalAmt
Total Revenue Per Form990$109,250,212TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$115,828,820TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$115,828,820ExpensesSubtotalAmt
Total Expenses Per Form990$115,828,820TotalExpensesPerForm990Amt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, LINE 3ONLINE AND PAPER COPIES OF THE ADMISSION APPLICATION FOR ALL CAMPUSES HAVE A NONDISCRIMINATORY STATEMENT INCLUDED. SCHOOL BROCHURES WHICH ARE INCLUDED WITH ADMISSION APPLICATIONS AND INVITATION DOCUMENTS SENT TO OTHER SCHOOL DISTRICTS ALSO INCLUDE A NONDISCRIMINATORY POLICY.
SCHEDULE E, LINE 6THE ORGANIZATION RECEIVES GOVERNMENTAL ASSISTANCE FROM BOTH STATE AND FEDERAL SOURCES.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
DANBURY HIGHER EDUCATION AUTHORITY
A760663443236035CG42014-04-15$7,420,000TO REFUND EXISTING BONDS AND NOTES AND TO FINANCE BUILDINGS AND STRUCTURESfalsefalsefalse
DANBURY HIGHER EDUCATION AUTHORITY
B7606634432016-05-10$2,041,000TO FINANCE NEW BUILDINGS AND STRUCTURESfalsefalsefalse
ARLINGTON HEFC
C2019-12-17$189,867,705TO FINANCE NEW BUILDINGS AND STRUCTURESfalsefalsefalse
ARLINGTON HEFC
D2022-04-13$160,277,509TO PAY OFF CURRENT DEBT AND FINANCE NEW BUILDINGS AND STRUCTURESfalsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCapital ExpendituresCapitalExpendituresAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndCapitalized InterestCapitalizedInterestAmtOther Spent ProceedsOtherSpentProceedsAmt
A$6,932,939$7,669,520$457,809$153,390$1,040,9992015Yes (true)falseYes (true)Yes (true)
B$2,041,000$40,820$2,000,1802017falsefalseYes (true)Yes (true)
C$189,867,705$1,603,920$185,186,9292019falsefalseYes (true)Yes (true)$3,074,583$2,276
D$159,642,626$5,615,847$105,157,446falsefalseYes (true)Yes (true)$5,797,142$43,072,191

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
Afalsefalsefalsefalsefalsefalsefalse
Bfalsefalsefalsefalsefalsefalsefalse
Cfalsefalsefalsefalsefalsefalsefalse
Dfalsefalsefalsefalsefalsefalsefalse

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
Afalsefalsefalsefalsefalsefalsefalsefalsefalse
Bfalsefalsefalsefalsefalsefalsefalsefalsefalse
Cfalsefalsefalsefalsefalsefalsefalsefalsefalse
Dfalsefalsefalsefalsefalsefalsefalsefalsefalse

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
Afalse
Bfalse
Cfalse
Dfalse

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PURPOSE OF ISSUE DESCRIPTIONDANBURY HIGHER EDUCATION AUTHORITY TO REFUND EXISTING BONDS AND NOTES AND TO FINANCE BUILDINGS AND STRUCTURES
PURPOSE OF ISSUE DESCRIPTIONDANBURY HIGHER EDUCATION AUTHORITY TO FINANCE NEW BUILDINGS AND STRUCTURES
PURPOSE OF ISSUE DESCRIPTIONARLINGTON HEFC TO FINANCE NEW BUILDINGS AND STRUCTURES
PURPOSE OF ISSUE DESCRIPTIONARLINGTON HEFC TO PAY OFF CURRENT DEBT AND FINANCE NEW BUILDINGS AND STRUCTURES

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONOUR MISSION DRIVES ACADEMIC AND SOCIO-EMOTIONAL DEVELOPMENT THROUGH A RIGOROUS COLLEGE PREPARATORY, STEM-BASED LEARNING MODEL. THE MODEL IS ANCHORED ON 21ST CENTURY SKILLS, EMBRACED BY A CHARACTER-BUILDING APPROACH, AND DELIVERED IN AN ENRICHING, SAFE, AND STUDENT-CENTERED LEARNING ENVIRONMENT.
FORM 990, PAGE 6, PART VI, LINE 11BFORM 990 IS REVIEWED BY MANAGEMENT AND MEMBERS OF GOVERNING BODY BEFORE IT IS FILED.
FORM 990, PAGE 6, PART VI, LINE 12CALL MEMBERS OF THE ORGANIZATION ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST AS THEY ARISE. RELATIONSHIPS WITH THIRD PARTIES ARE REVIEWED ANNUALLY.
FORM 990, PAGE 6, PART VI, LINE 15AANNUAL SALARY REVIEW IS PERFORMED BY THE BOARD AND SALARIES ARE ADJUSTED IN ACCORDANCE WITH ESTABLISHED SALARY SCALE.
FORM 990, PAGE 6, PART VI, LINE 15BCOMPENSATION IS REVIEWED ANNUALLY AND ADJUSTED IN ACCORDANCE WITH SALARY SCALE.
FORM 990, PAGE 6, PART VI, LINE 19WRITTEN REQUESTS FOR INFORMATION MAY BE SUBMITTED TO THE PRINCIPAL ADDRESS INDICATED ON FORM 990.

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