2016-05-16T21:20:56-05:00 2015-06-30 450250958 EIDE BAILLY LLP 1850 N CENTRAL AVE SUITE 400 PHOENIX AZ 850044527 990 2014-07-01 431973126 GREAT HEARTS AMERICA - TEXAS GREA 2108889475 824 BROADWAY STREET SUITE 101 SAN ANTONIO TX 78215 WARD HUSETH BOARD TREASURER 2108889475 2016-05-16 1 BRENDA BLUNT P00075126 6022645844 2016-05-16 2014 2016-08-17 19:52:53Z WARD HUSETH 3102 N 56TH ST STE 300 PHOENIX AZ 85018 9331560 0 X HTTP://WW.GREATHEARTSTX.ORG X 2003 TX THE PRIMARY GOAL OF A GREAT HEARTS AMERICA-TEXAS IS TO GRADUATE THOUGHTFUL LEADERS OF CHARACTER WHO WILL CONTRIBUTE TO A MORE PHILOSOPHICAL, HUMANE, AND JUST SOCIETY. 5 5 68 10 0 0 723505 5043173 0 4272458 0 0 0 13614 723505 9329245 0 0 0 0 440228 3450564 0 0 400360 599071 3159991 1039299 6610555 -315794 2718690 3257937 13199830 3424716 10647918 -166779 2551912 THE PRIMARY GOAL OF A GREAT HEARTS AMERICA-TEXAS IS TO GRADUATE THOUGHTFUL LEADERS OF CHARACTER WHO WILL CONTRIBUTE TO A MORE PHILOSOPHICAL, HUMANE, AND JUST SOCIETY. 0 0 4545440 4272458 GREAT HEARTS AMERICA-TEXAS ACADEMIES ARE PUBLIC, INDEPENDENTLY OPERATED CHARTER SCHOOLS WITH OPEN ADMISSIONS POLICIES EACH SCHOOL PROMISES A TRADITIONAL LIBERAL ARTS EDUCATION WITH SMALL CLASSES, AND AN ADVANCED HONORS CORE CURRICULUM. EACH ACADEMY REQUIRES A COMMON AND RIGOROUS SEQUENCE OF COURSES FOR ALL STUDENTS. ALL STUDENTS GRADUATE AS CRITICAL THINKERS, COHERENT WRITERS, AND CONFIDENT SPEAKERS. HIGH EXPECTATIONS FOR STUDENT CONDUCT ARE CO-EQUAL WITH THE SCHOOLS ACADEMIC STANDARDS. STUDENTS PROFESS AN HONOR CODE THAT CALLS UPON THEM TO PRACTICE AND DEFEND ACADEMIC INTEGRITY. 4545440 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 23 0 1 68 1 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X DEBORAH ZIMMERMAN 2108889475 824 BROADWAY STREET SUITE 101 SAN ANTONIO TX 78215 SHANNON SEDGWICK DAVIS DIRECTOR 1.00 X 0 0 0 MICHAEL BURKE DIRECTOR 1.00 X 0 0 0 JOSE GUTIERREZ DIRECTOR 1.00 X 151394 0 0 VICTORIA RICO DIRECTOR/THROUGH JULY 2014 1.00 X 0 0 0 JAY HEILER PRESIDENT 1.00 X X 101029 0 2430 WARD HUSETH TREASURER 1.00 X X 188551 0 0 DANIEL P SCOGGIN PRESIDENT 1.00 X X 192297 0 6848 DEBORAH ZIMMERMAN VICE PRESIDENT/TOP FINANCIAL/STARTING JUNE 2015 40.00 X 0 0 0 BRYAN SMITH EXECUTIVE DIRECTOR - NORTH TEXAS 40.00 X 8334 0 0 DAVID WILLIAMS EXECUTIVE DIRECTOR SAN ANTONIO 40.00 X 158886 0 4747 800491 0 14025 5 0 1 0 0 490000 662087 3891086 5043173 STATE PROGRAM REVENUES 611710 3963426 3963426 EXTRA/CO-CIRRUCULAR FE 900099 252786 252786 FOOD SERVICE 611710 56246 56246 4272458 15929 2315 13614 13614 9329245 4272458 0 13614 250623 250623 2693765 2403665 132303 157797 96988 81176 9393 6419 359390 306138 40714 12538 49798 39177 7902 2719 47528 47528 24300 24300 595226 146485 303426 145315 1120693 973468 134018 13207 109478 68417 41061 235682 59912 127474 48296 202709 202709 152429 152429 41678 41678 CLASSROOM SUPPLIES 224254 224254 MEALS 136598 136598 DUES 13023 2292 10181 550 256393 103858 139016 13519 6610555 4545440 1664755 400360 411883 332671 535972 2463294 282172 67108 9311863 37988 82477 9273875 1945433 1062882 3257937 13199830 60716 1760325 1584000 607371 1780000 8280222 3424716 10647918 X -166779 1694403 857509 -166779 2551912 3257937 13199830 2718690 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 267878 2404878 2672756 3300 1100 2200 55992 6024 49968 6579815 30864 6548951 9273875 LEASE DEPOSIT 140640 RENTAL DEPOSITS 4770 DUE FROM RELATED PARTY 2741 DUE FROM GOVERNMENT AGENCIES 629877 LOAN ISSUANCE COSTS 284854 1062882 X 9315632 0 9315632 13614 13614 9329246 6610555 0 6610555 0 6610555 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS ACTIVITIES. AS SUCH, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. AT JUNE 30, 2015 AND 2014, THE ORGANIZATION HAS NO MATERIAL UNRELATED BUSINESS TAXABLE INCOME. PART XI, LINE 4B - OTHER ADJUSTMENTS: NET FUNDRAISING ACTIVITY 13,614. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL HAS A STRICT POLICY OF NON-DISCRIMINATION; HOWEVER, AS A CHARTER SCHOOL, IT IS NOT SUBJECT TO THE REQUIREMENTS OF TREASURY REVENUE PROCEDURE 75-50. 1975-2 C.B. 587. RATHER, THE SCHOOL PUBLICIZES IT POLICIES BY WORD OF MOUTH AND ON THE WEBSITE, THE SCHOOL'S PRIMARY METHODS OF REACHING NEW STUDENTS. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED A PUBLIC CHARTER SCHOOL PROGRAM START-UP GRANT AS A SUB RECIPIENT FROM THE TEXAS EDUCATION AGENCY (TEA) UNDER A FEDERAL PROGRAM. THE PURPOSE OF THE PROGRAM IS TO PROVIDE FINANCIAL ASSISTANCE FOR THE PLANNING, PROGRAM DESGIN, AND INITIAL IMPLEMENTATION OF CHARTER SCHOOLS ALONG WITH EXPANDING THE NUMBER OF HIGH-QUALITY CHARTER SCHOOLS AVAILABLE TO STUDENTS. THE TEA IS RESPONSIBLE FOR ENSURING ALL GRANTEES PROPERLY ACCOUNT FOR AND EXPEND GRANT FUNDS. CARNIVAL 15929 15929 2315 15929 15929 2315 2315 13614 X X X X X 0 0 0 0 0 0 0 0 0 JOSE GUTIERREZ DIRECTOR 151094 0 300 0 0 0 0 0 0 0 151394 0 0 0 WARD HUSETH TREASURER 175861 0 12690 0 0 0 0 0 0 0 188551 0 0 0 DANIEL P SCOGGIN PRESIDENT 192297 0 0 0 0 0 0 0 0 0 192297 0 0 0 DAVID WILLIAMS EXECUTIVE DIRECTOR SAN ANTONIO 153886 0 5000 0 0 0 2282 0 2465 0 163633 0 0 0 SCHEDULE J, PART I, QUESTION 3: ALL OFFICERS AND DIRECTORS REPORTED ON SCHEDULE J ARE COMPENSATED BY GREAT HEARTS ACADEMIES AN UNRELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 DANIEL SCOGGIN AND WARD HUSETH AS OFFICERS OF GREAT HEARTS AMERICA HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER AS WELL AS WITH JOSE GUTIERREZ, DEBORAH ZIMMERMAN, AND JAY HEILER, WHO ARE ALL EMPLOYEES OF GREAT HEARTS ACADEMIES. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER IS GREAT HEARTS AMERICA, AN ORGANIZATION EXEMPT FROM TAXATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). FORM 990, PART VI, SECTION A, LINE 7A THE SCHOOL'S TAX-EXEMPT SOLE MEMBER APPOINTS THE SCHOOL'S DIRECTORS, FILLS VACANCIES ON THE BOARD, AND MAY REMOVE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE SCHOOL'S TAX-EXEMPT SOLE MEMBER RETAINS APPROVAL RIGHTS OVER KEY DECISIONS SUCH AS CHANGES TO THE SCHOOL'S BYLAWS, ARTICLES OF INCORPORATION, AND EDUCATIONAL PHILOSOPHY. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS PREPARED BY AN EXTERNAL CPA FIRM AND IS REVIEWED BY THE TOP FINANCIAL OFFICIAL AND THE BOARD TREASURER. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS WILL REPORT POSSIBLE CONFLICTS OF INTEREST TO THE PRESIDENT OR IF THE PRESIDENT IS THE INTERESTED INDIVIDUAL, TO A VICE-PRESIDENT. THE PRESIDENT (OR VICE-PRESIDENT) WILL MAKE A FULL REPORT TO THE BOARD PRIOR TO ANY ACTION ON THE TRANSACTIONS BY THE CORPORATION. UPON REPORT OF A POSSIBLE CONFLICT, THE BOARD WILL CONDUCT AN INVESTIGATION AND DETERMINE WHETHER A CONFLICT OF INTEREST DOES EXIST AND WHETHER IT IS SUBSTANTIAL. IF THE BOARD DETERMINES THAT A SUBSTANTIAL CONFLICT OF INTEREST EXISTS, THE INTERESTED INDIVIDUAL WILL NOT VOTE ON THE TRANSACTION PRESENTING THE CONFLICT. THE INTERESTED INDIVIDUAL MAY VOTE ONLY IF THE BOARD DETERMINES THAT NO CONFLICT EXISTS OR THE CONFLICT IS NOT SUBSTANTIAL. NO INVESTIGATION OR DETERMINATION BY THE BOARD WILL BE REQUIRED IF THE INTERESTED INDIVIDUAL VOLUNTARILY AGREES TO REFRAIN FROM VOTING ON THE TRANSACTION PRESENTING THE POTENTIAL CONFLICT OF INTEREST. THE INTERESTED INDIVIDUAL MAY BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD DETERMINES AND APPROVES THE COMPENSATION OF THE KEY STAFF. EMPLOYEES AND FACULTY ARE DETERMINED BASED ON AN ORGANIZATION WIDE SALARY RANGE TABLE WHICH FACTORS IN EDUCATION AND EXPERIENCE. FORM 990, PART VI, SECTION C, LINE 19 ALL BOARD MEETINGS ARE POSTED IN ADVANCE IN ACCORDANCE WITH TEXAS OPEN MEETING LAWS. THE GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE BOTH AT THE MEETING OR FOLLOWING THE MEETING AND UPON REQUEST. THE FINANCIAL STATEMENTS ARE POSTED ON THE WEBSITE IN ACCORDANCE WITH TEXAS LAW. GREAT HEARTS AMERICA 3102 N 56TH STREET SUITE 300 PHOENIX AZ 85018 454306715 EDUCATION AZ 501(C)(3) LINE 7 N/A 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0