2019-07-10T09:31:06-05:00 2018-08-31 750786316 WEAVER AND TIDWELL LLP 1406 WILSON ROAD SUITE 100 CONROE TX 77304 990 2017-09-01 760297121 THE VARNETT SCHOOLS INC VARN 7137234699 PO BOX 1457 HOUSTON TX 77251 MATTHEW PLUMMER PRESIDENT 7137234699 2019-07-10 1 LELAND DUSHKIN P00975200 9367568127 209.34.28.73 2019-07-10 09:09:40 CD P 9D77D5089F6CFDFA10E33FA204CA8B8BB51CC565 76FF2A6BB2396675DA7FC3BECCB7F23E28595D91 2017 2019-02-21 02:37:17Z MATTHEW PLUMMER PO BOX 1457 HOUSTON TX 77251 17240562 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. 3 3 250 0 0 0 15635543 16213358 91924 141296 104037 89000 0 796908 15831504 17240562 0 0 0 0 10304758 10951849 0 0 0 5463905 6281959 15768663 17233808 62841 6754 23339029 23069547 3624436 3348200 19714593 19721347 THE MISSION OF THE VARNETT PUBLIC SCHOOL IS TO PROVIDE A RIGOROUS ACADEMIC PROGRAM WHICH MEETS THE NEEDS OF OUR DIVERSE POPULATION. 0 0 15811076 938204 THE SCHOOL PROVIDES AN ALTERNATIVE PUBLIC SCHOOL TO CHILDREN, SERVING MOSTLY MINORITY STUDENTS. 15811076 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 66 0 1 250 1 0 0 0 0 0 0 0 0 X 3 3 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 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 MARCIA JOHNSON BOARD MEMBER 1.00 X 0 0 0 WARD GRAY BOARD MEMBER 1.00 X 0 0 0 CAROLYN SCANTLEBURY BOARD MEMBER 1.00 X 0 0 0 MARGARET STROUD SUPERINTENDENT 40.00 X 261000 0 0 261000 0 0 1 0 1 0 DR MARGARET A STROUD PO BOX 598 BOERNE TX 78006 SUPERINTENDENT 261000 MAXI REALTY CORP 1955 WEST TC JESTER HOUSTON TX 77008 REAL ESTATE SERVICES 215248 12707 CULLEN LLC PO BOX 273395 HOUSTON TX 77277 REAL ESTATE SERVICES 172340 THOMPSON EDUCATIONAL CONSULTING INC 2811 PLANTATION WOOD LANE MISSOURI CITY TX 77459 CONSULTING SERVICES 139575 GARY'S LANDSCAPING 7210 PEERLESS ST 301 HOUSTON TX 77021 LANDSCAPING 136748 7 16211858 1500 16213358 LOCAL REVENUE 611600 141296 141296 141296 89000 89000 INSURANCE RECOVERY 611600 796908 796908 796908 17240562 938204 0 89000 X 9628658 9247820 380838 342837 336730 6107 763556 744329 19227 216798 210482 6316 110624 110624 58350 58350 2328973 1705648 623325 1208513 1196977 11536 29656 12282 17374 60754 60754 545842 486484 59358 171922 171922 SUPPLIES, TEXTBOOKS, FO 1315436 1290821 24615 MISCELLANEOUS OPERATING 374459 332340 42119 WORKERS COMPENSATION IN 77430 75241 2189 17233808 15811076 1422732 0 5143784 1878276 8519383 11165832 153973 853708 145189 229706 13865690 4931465 9376700 8934225 0 7800 23339029 23069547 717664 480362 2601785 2557757 304987 310081 3624436 3348200 X 68932 15013 19645661 19706334 19714593 19721347 23339029 23069547 6754 0 X X 0 1 X 1 1 1 X 653287 653287 10532776 2417297 8115479 2679627 2514168 165459 8934225 WAGES PAYABLE 285495 UNEARNED REVENUE 24586 310081 X 17240562 0 17240562 0 17240562 17233808 0 17233808 0 17233808 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 261000 0 0 0 0 0 0 0 0 0 261000 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 533,699. MANAGEMENT AND GENERAL EXPENSES 196,006. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 729,705. OTHER CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 1,149,055. MANAGEMENT AND GENERAL EXPENSES 427,249. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,576,304. EDUCATION SERVICE CENTER COSTS: PROGRAM SERVICE EXPENSES 22,894. MANAGEMENT AND GENERAL EXPENSES 70. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,964. 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.