Tlc Academy FY2020 filing

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To empower students to develop characteristics which promote positive leadership as a way of life. Provide education utilizing an advanced, innovative learning style that challenges & enriches the classroom.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$352K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $2.0M a year · 5% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$352K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $33K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$23.7M
75% of total assets
Worth a look: liabilities are 75% of assets; over 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$35.2M
Spent
$29.6M
To programs
74%
Net assets
$8.0M
By yearFY2020–FY2025
Revenue
$35.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$35.2M
FY2021$31.9M
FY2022$42.3M
FY2023$45.2M
FY2024$49.8M
FY2025$49.6M
Expenses
$29.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$29.6M
FY2021$31.1M
FY2022$40.3M
FY2023$42.4M
FY2024$49.4M
FY2025$48.9M
Net assets
$8.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$8.0M
FY2021$8.8M
FY2022$10.0M
FY2023$12.8M
FY2024$13.2M
FY2025$14.0M

From the FY2020 Form 990 (year ending August 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $22.0M Management & general 26% · $7.6M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $352K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chancellor / CEO
$182,652Pt VII · Sec A
Superintendent / CFO
$168,925Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Walt Landers’s $207K as CEO/Board Pres is at the 40th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Walt Landers$207,107$197,652$198,446$200,141$193,157$182,652
Ron Ledbetter—$126,849$192,605$194,668$177,987$168,925
Leslie Scott White$138,680$135,582$143,251$140,405——
Daniel Dukes$128,114$109,804————
Lindsey McGuire$104,270—————
Chris Milbourn$101,973—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Tlc Academy executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers students to develop positive leadership through innovative, enriching education.

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2 programs · $22.0M · in their own filed words · FY2019
01

Tuition and Registration

Educating children, kindergarten through 12TH grade.

$19.4Mprogram expense
02

Food programs & school auxiliary services and other athletic and learning activities.

$2.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$33K

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Aug 2025 · $3.7M federal money spent
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Texas Education Agency and 1 more$1.3M
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Texas Education Agency$1.1M
Special Education Grants to StatesDepartment of Education · ALN 84.027 · Through Texas Education Agency$577K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Texas Education Agency$398K
Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants)Department of Education · ALN 84.367 · Through Texas Education Agency$155K

Plus 6 smaller programs.

The auditor reported no findings.

Year ending Aug 2024 · $4.7M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Texas Education Agency and 1 more$1.6M
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Texas Education Agency and 1 more$1.0M
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Texas Education Agency$917K
Special Education Grants to StatesDepartment of Education · ALN 84.027 · Through Texas Education Agency$510K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Texas Education Agency$310K

Plus 5 smaller programs.

The auditor reported no findings.

Year ending Aug 2023 · $6.8M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Texas Education Agency$3.7M
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Texas Education Agency$1.0M
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Texas Education Agency and 1 more$999K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Texas Education Agency$520K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Texas Education Agency$270K

Plus 4 smaller programs.

The auditor reported no findings.

Year ending Aug 2022 · $5.6M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Texas Education Agency$2.6M
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Texas Education Agency$1.2M
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Texas Education Agency$682K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Texas Education Agency$612K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Texas Education Agency$331K

Plus 4 smaller programs.

The auditor reported no findings.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$35.2M
Ln 12
Fees for servicesLn 2g$33.8M
Other incomeLn 4–11$913K
Gifts and grantsLn 1h$439K
Money outPt IX
$29.6M
Ln 25
Programscol B$22.0M
Managementcol C$7.6M
Owns and owesPt X
$8.0M
net assets · Ln 32
Cash and savingsLn 1–2$9.1M
Total assetsLn 16$31.7M
LiabilitiesLn 26$23.7M
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$439K
Fees for servicesLn 2g$33.8M
Investment incomeLn 3$63K
Other incomeLn 4–11$913K
Gains on assetsLn 7$11K
Total revenueLn 12$35.2M
Assets in detailPt X, end of year
CashLn 1$2.6M
SavingsLn 2$6.5M
Cash and savings togetherLn 1–2$9.1M
Land, buildings, equipmentLn 10c$20.7M
Other assetsLn 15$1.6M
Total assetsLn 16$31.7M
LiabilitiesLn 26$23.7M
Net assetsLn 32$8.0M
OperationsPt I, VI
EmployeesI 5776
VolunteersI 6100
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$10.1M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$16.1M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$5.5M$9.1M
Land, buildings, equipmentLn 10c$20.1M$20.7M
Total assetsLn 16$25.9M$31.7M
LiabilitiesLn 26$23.6M$23.7M
Net assetsLn 32$2.4M$8.0M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$228K$228K
Other salaries and wagesLn 7$17.2M$13.5M$3.6M
Pension plan contributionsLn 8$679K$512K$166K
Other employee benefitsLn 9$1.1M$847K$302K
Payroll taxesLn 10$290K$219K$71K
Legal feesLn 11b$37K$37K
Accounting feesLn 11c$59K$59K
Information technologyLn 14$286K$286K
OccupancyLn 16$2.1M$2.1M
TravelLn 17$86K$76K$10K
InterestLn 20$1.6M$1.6M
Depreciation, depletion and amortizationLn 22$752K$752K
InsuranceLn 23$409K$409K
Other expenses (24a–d)Ln 24$4.7M$3.6M$1.2M
Total functional expensesLn 25$29.6M$22.0M$7.6M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 22, 2026 $49.6M$48.9M$782K$14.0M 990 PDF
FY2024Filed with the IRS May 21, 2025 $49.8M$49.4M$411K$13.2M 990 PDF
FY2023Filed with the IRS Apr 17, 2024 $45.2M$42.4M$2.8M$12.8M 990 PDF
FY2022Filed with the IRS Mar 22, 2023 $42.3M$40.3M$1.9M$10.0M 990 PDF
FY2021Filed with the IRS Jul 13, 2022 $31.9M$31.1M$807K$8.8M 990 PDF
FY2020 ViewingFiled with the IRS Jul 15, 2021 $35.2M$29.6M$5.6M$8.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $35,194,486 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $75,000$439,446
I-9 Program service revenuePrior year $26,878,433$33,778,701
I-10 Investment incomePrior year $93,842$63,329
I-11 Other revenuePrior year $1,095,645$913,010
I-12 Total revenuePrior year $28,142,920$35,194,486
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $17,967,698$19,537,604
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $9,151,120$10,056,349
I-18 Total expensesPrior year $27,118,818$29,593,953
I-19 Revenue less expensesPrior year $1,024,102$5,600,533
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $35,194,486 across 7 lines filed
Lines not itemized here account for $11,350 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$439,446
VIII-1h Total contributions, gifts and grants$439,446
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $33,778,701$33,778,701
VIII-3 Investment incomeExcluded from tax $40,715$40,715
VIII-7 Net gain or loss on sales of assetsExcluded from tax $11,264$11,264
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $913,010$913,010
VIII-12 Total revenueRelated to mission $34,691,711 · Unrelated business $0 · Excluded from tax $63,329$35,194,486
Part IX · Statement of functional expenses $29,593,953 across 14 lines filed
IX-5 Pay of current officers, directors and key staffManagement $227,546$227,546
IX-7 Other salaries and wagesPrograms $13,544,372 · Management $3,648,529$17,192,901
IX-8 Pension plan contributionsPrograms $512,289 · Management $166,364$678,653
IX-9 Other employee benefitsPrograms $846,533 · Management $302,387$1,148,920
IX-10 Payroll taxesPrograms $218,984 · Management $70,600$289,584
IX-11b Legal feesManagement $36,832$36,832
IX-11c Accounting feesManagement $58,717$58,717
IX-14 Information technologyManagement $285,749$285,749
IX-16 OccupancyPrograms $2,107,274$2,107,274
IX-17 TravelPrograms $75,671 · Management $10,319$85,990
IX-20 InterestManagement $1,585,603$1,585,603
IX-22 Depreciation, depletion and amortizationPrograms $752,060$752,060
IX-23 InsurancePrograms $408,989$408,989
IX-24 Other expenses (24a–d)Programs $3,569,468 · Management $1,165,667$4,735,135
IX-25 Total functional expensesPrograms $22,035,640 · Management $7,558,313 · Fundraising $0$29,593,953
Part X · Balance sheet $31,736,219 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,516,747$2,601,379
X-2 Savings and temporary cash investmentsStart of year $2,947,643$6,520,529
X-4 Accounts receivableStart of year $257,929$167,178
X-9 Prepaid expenses and deferred chargesStart of year $115,396$110,056
X-10c Land, buildings and equipment, netStart of year $20,054,757$20,745,617
X-15 Other assetsStart of year $47,700$1,591,460
X-16 Total assetsStart of year $25,940,172$31,736,219
X-17 Accounts payable and accrued expensesStart of year $2,339,342$2,504,594
X-20 Tax-exempt bond liabilities$10,141,739
X-25 Other liabilitiesStart of year $21,213,878$11,102,401
X-26 Total liabilitiesStart of year $23,553,220$23,748,734
X-27 Net assets without donor restrictionsStart of year $2,153,350$7,844,299
X-28 Net assets with donor restrictionsStart of year $233,602$143,186
X-32 Total net assets or fund balancesStart of year $2,386,952$7,987,485
X-33 Total liabilities and net assetsStart of year $25,940,172$31,736,219
Part XI · Reconciliation of net assets $7,987,485 net assets at year end
XI-1 Total revenue$35,194,486
XI-2 Total expenses$29,593,953
XI-3 Revenue less expenses$5,600,533
XI-4 Net assets at start of year$2,386,952
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,987,485

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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