2022-06-14T08:49:54-05:00 2021-08-31 750786316 WEAVER AND TIDWELL LLP 499 W SHERIDAN AVE SUITE 2450 OKLAHOMA CITY OK 73102 990 2020-09-01 760297121 THE VARNETT SCHOOLS INC VARN 7137234699 PO BOX 1457 HOUSTON TX 77251 MATTHEW PLUMMER PRESIDENT 7137234699 2022-05-25 1 MATTHEW PLUMMER 999009999 KIRBY ROSS P00298143 9367568127 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MATTHEW PLUMMER PO BOX 1457 HOUSTON TX 77251 16355176 0 X WWW.VARNETT.ORG X 1990 TX THE MISSION OF THE VARNETT PUBLIC SCHOOL IS TO PROVIDE A RIGOROUS ACADEMIC PROGRAM WHICH MEETS THE NEEDS OF OUR DIVERSE POPULATION. 5 5 216 0 0 0 16851601 16131674 1666146 96645 135650 111857 0 15000 18653397 16355176 0 0 0 0 11722778 11154860 0 0 0 6239360 5796352 17962138 16951212 691259 -596036 24551599 25630579 3824168 5499184 20727431 20131395 THE MISSION OF THE VARNETT PUBLIC SCHOOL IS TO PROVIDE A RIGOROUS ACADEMIC PROGRAM WHICH MEETS THE NEEDS OF OUR DIVERSE POPULATION. 0 0 15776871 111645 THE SCHOOL PROVIDES AN ALTERNATIVE PUBLIC SCHOOL TO CHILDREN, SERVING MOSTLY MINORITY STUDENTS. 15776871 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 53 0 1 216 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MATTHEW PLUMMER 7137234699 PO BOX 1457 HOUSTON TX 77251 X WARD GRAY BOARD MEMBER 1.00 X 0 0 0 CAROLYN SCANTLEBURY BOARD MEMBER 1.00 X 0 0 0 DR MATTHEW PLUMMER PRESIDENT 10.00 X X 0 0 0 CLARENCE WHITE III SECRETARY 10.00 X X 0 0 0 DR EDGAR COLON TREASURER 10.00 X X 0 0 0 TERRELL RUSSELL GENERAL MANAGER FMOT 40.00 X 108842 0 10552 SANDRA SMITH CHIEF FINANCIAL OFFICER 40.00 X 176463 0 20640 JEFFREY SILER TECHNOLOGY DIRECTOR 40.00 X 112002 0 0 MARGARET STROUD SUPERINTENDENT 40.00 X 222363 0 0 619670 0 31192 4 0 1 0 12707 CULLEN LLC PO BOX 273395 HOUSTON TX 77277 LEASE - BUILDING 614372 SCHOLASTIC SOLUTIONS LLC PO BOX 598 BOERNE TX 78006 FINANCE SERVICES 373900 MAXI REALTY CORP 1955 WEST T C JESTER HOUSTON TX 77008 LEASE - BUILDING 318391 1ST RESPONSE SECURITY 2325 ATASCOCITA RD STE E103 HUMBLE TX 77396 SECURITY SERVICES 219729 EDUCATION SERVICE CENTER REGION 4 7145 WEST TIDWELL HOUSTON TX 77092 SUPPORT SERVICES 179457 11 16131674 75585 16131674 LOCAL REVENUE 611600 96645 96645 96645 111857 111857 INSURANCE RECOVERY 611600 15000 15000 15000 16355176 111645 0 111857 X 9724220 9242192 482028 439900 419047 20853 786794 762051 24743 203946 195722 8224 117769 117769 57200 57200 2024365 1876466 147899 1464193 1435232 28961 1613 1259 354 70733 70733 551828 494572 57256 159729 2864 156865 SUPPLIES, TEXTBOOKS, FO 1240519 1224699 15820 MISCELLANEOUS OPERATING 83032 54340 28692 WORKERS COMPENSATION IN 25371 68427 -43056 16951212 15776871 1174341 0 7017084 9046525 8255896 8301300 390652 264721 488203 25743 14370456 6378166 8399764 7992290 24551599 25630579 1310674 738617 2355731 4417751 157763 342816 3824168 5499184 X 13155808 13373474 7571623 6757921 20727431 20131395 24551599 25630579 -596036 0 X X 0 1 X 1 1 1 X 653287 653287 11003648 3813289 7190359 2713521 2564877 148644 7992290 WAGES PAYABLE 342816 342816 X 16355176 0 16355176 0 16355176 16951212 0 16951212 0 16951212 PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE CHARTER HOLDER IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FORM 990 IS FILED ANNUALLY. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE THE RECOGNITION, MEASUREMENT, CLASSIFICATION, AND DISCLOSURE IN THE FINANCIAL STATEMENTS OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE CHARTER HOLDER'S TAX RETURNS. MANAGEMENT HAS DETERMINED THAT THE CHARTER HOLDER DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE CHARTER HOLDER'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE CHARTER HOLDER WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES, AND INTEREST AS A RESULT OF SUCH CHALLENGE. GENERALLY, THE CHARTER HOLDER'S TAX RETURNS REMAIN OPEN FOR FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS FROM THE DATE OF FILING. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZES ITS POLICY ON ITS WEBSITE. SCHEDULE E, PART I, LINE 6 AS A TEXAS CHARTERED SCHOOL, THE ORGANIZATION RECEIVES FUNDS FROM THE STATE OF TEXAS AS LONG AS REQUIREMENTS ARE MET. X 0 0 0 0 0 0 0 0 0 MARGARET STROUD SUPERINTENDENT 205560 0 16803 0 0 0 0 0 0 0 222363 0 0 0 SANDRA SMITH CHIEF FINANCIAL OFFICER 149463 0 2000 0 25000 0 0 0 20640 0 197103 0 0 0 X 1 75585 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S BOARD REVIEWED AND APPROVED OF THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO REGULARLY REPORT ANY POTENTIAL CONFLICTS OF INTEREST AS REQUIRED IN THE ORGANIZATION'S GOVERNANCE REPORT. FORM 990, PART VI, SECTION B, LINE 15 SALARY FOR THE SUPERINTENDENT AND OFFICERS IS REVIEWED AND DETERMINED BY THE INDEPENDENT BOARD MEMBERS, STUDY OF COMPARABLE DATA WITH CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION PROCESS. FORM 990, PART VI, SECTION C, LINE 19 APPLICABLE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 518,883. MANAGEMENT AND GENERAL EXPENSES 11,957. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 530,840. OTHER CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 1,194,075. MANAGEMENT AND GENERAL EXPENSES 135,942. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,330,017. EDUCATION SERVICE CENTER COSTS: PROGRAM SERVICE EXPENSES 163,508. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 163,508. FORM 990, PART XII, LINE 2C: THE ORGANIZATION UNDERWENT THE REQUIRED AUDIT RESULTING FROM A FEDERAL AWARD IN THE SINGLE AUDIT ACT AND OMB CIRCULAR A-133.