Aristoi Classical Academy INC

Tax-deductible

Katy, TX501(c)(3)Since 1995EducationEIN 76-0495959

Our mission is to provide our students with an academically challenging classical liberal arts education that encourages them to develop a passion for learning that gives them the means to become responsible citizens of virtuous character.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 77 volunteers and 276 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $555K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$104K
to officers and key staff · 0.6% of spending
Top officer’s pay lower than 98% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13.0M
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$18.4M
+9% vs prior year
Spent
$17.8M
To programs
84%
Net assets
$8.1M
By yearFY2020–FY2024
Revenue
$18.4M
FY2024▲ +9%
Revenue by fiscal year
FY2020$9.5M
FY2021$12.7M
FY2022$14.7M
FY2023$14.6M
FY2024$16.8M
FY2024$18.4M
Expenses
$17.8M
FY2024▲ +10%
Expenses by fiscal year
FY2020$9.1M
FY2021$11.5M
FY2022$13.8M
FY2023$14.8M
FY2024$16.2M
FY2024$17.8M
Net assets
$8.1M
FY2024▲ +7%
Net assets by fiscal year
FY2020$5.8M
FY2021$6.4M
FY2022$7.3M
FY2023$7.1M
FY2024$7.6M
FY2024$8.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1996.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $15.0M Management & general 15% · $2.7M Fundraising 1% · $131K

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

Who runs it and what they're paid

10 people listed on the 990; $104K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Operations Officer
$83,140Pt VII · Sec A
Chief Financial Officer
$21,310Pt VII · Sec A
Board Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A

Christi Lester’s $83K as Chief Operations Officer is at the 2nd 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 · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Brenda Davidson—$37,900$132,000$115,769—$88,180
Christi Lester$83,140—————
Matthew Watson—$70,780————
Julie Craig————$55,667$49,388
Joanne Bravo$21,310—————

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.

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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

Offers a challenging classical education fostering lifelong learning and responsible citizenship.

Provided by the organization

This section is blank until Aristoi Classical Academy INC claims this page.

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1 program service account for $15.0M of program spending, described in the organization's own filed words · FY2024.
01

Aristoi successfully provides a classical liberal arts education focusing on the classical ideas of truth, goodness, and beauty to more than 1,700 students, while continuing to meet all state and federal mandated academic standards.

$15.0Mprogram expense

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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 · FY2024
Total grants receivedfrom 2 funders$1K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$18.4M
Ln 12
Fees for servicesLn 2g$16.3M
Gifts and grantsLn 1h$2.0M
Investment incomeLn 3$73K
Money outPt IX
$17.8M
Ln 25
Programscol B$15.0M
Managementcol C$2.7M
Fundraisingcol D$131K
Owns and owesPt X
$8.1M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$21.1M
LiabilitiesLn 26$13.0M
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Government grantsLn 1e$1.8M
Fees for servicesLn 2g$16.3M
Investment incomeLn 3$73K
Total revenueLn 12$18.4M
Assets in detailPt X, end of year
CashLn 1$2.1M
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$3.4M
Land, buildings, equipmentLn 10c$12.4M
Other assetsLn 15$3.4M
Total assetsLn 16$21.1M
LiabilitiesLn 26$13.0M
Net assetsLn 32$8.1M
OperationsPt I, VI
EmployeesI 5276
VolunteersI 677
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4.8M$3.4M
Land, buildings, equipmentLn 10c$11.3M$12.4M
Total assetsLn 16$21.1M$21.1M
LiabilitiesLn 26$13.6M$13.0M
Net assetsLn 32$7.6M$8.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$224K$183K$38K$2K
Other salaries and wagesLn 7$10.2M$8.4M$1.7M$102K
Pension plan contributionsLn 8$1.2M$1.0M$208K$12K
Other employee benefitsLn 9$226K$185K$38K$2K
Payroll taxesLn 10$156K$128K$27K$2K
Other fees for servicesLn 11g$817K$695K$123K
Office expensesLn 13$57K$26K$27K$5K
OccupancyLn 16$290K$275K$15K
TravelLn 17$86K$64K$21K
Conferences, conventions and meetingsLn 19$40K$6K$34K
InterestLn 20$799K$759K$40K
Depreciation, depletion and amortizationLn 22$866K$823K$43K
Other expenses (24a–d)Ln 24$2.5M$2.3M$187K$6K
All other expensesLn 24e$396K$263K$134K
Total functional expensesLn 25$17.8M$15.0M$2.7M$131K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $16.8M$16.2M$538K$7.6M 990 PDF
FY2023 $14.6M$14.8M−$167K$7.1M 990 PDF
FY2022 $14.7M$13.8M$854K$7.3M 990 PDF
FY2021 $12.7M$11.5M$1.2M$6.4M 990 PDF
FY2020 $9.5M$9.1M$320K$5.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $18,356,635 across 6 lines filed
VIII-1e Government grants$1,766,940
VIII-1f All other contributions, gifts and grants$209,848
VIII-1h Total contributions, gifts and grants$1,976,788
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,306,790$16,306,790
VIII-3 Investment incomeExcluded from tax $73,057$73,057
VIII-12 Total revenueRelated to mission $16,306,790 · Unrelated business $0 · Excluded from tax $73,057$18,356,635
Part IX · Statement of functional expenses $17,836,441 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $183,371 · Management $38,015 · Fundraising $2,236$223,622
IX-7 Other salaries and wagesPrograms $8,363,842 · Management $1,733,968 · Fundraising $101,999$10,199,809
IX-8 Pension plan contributionsPrograms $1,001,910 · Management $207,713 · Fundraising $12,218$1,221,841
IX-9 Other employee benefitsPrograms $185,013 · Management $38,357 · Fundraising $2,256$225,626
IX-10 Payroll taxesPrograms $128,045 · Management $26,546 · Fundraising $1,562$156,153
IX-11g Other fees for servicesPrograms $694,643 · Management $122,584$817,227
IX-13 Office expensesPrograms $25,675 · Management $26,815 · Fundraising $4,564$57,054
IX-16 OccupancyPrograms $274,813 · Management $14,923$289,736
IX-17 TravelPrograms $64,304 · Management $21,435$85,739
IX-19 Conferences, conventions and meetingsPrograms $5,932 · Management $33,613$39,545
IX-20 InterestPrograms $759,039 · Management $39,949$798,988
IX-22 Depreciation, depletion and amortizationPrograms $822,883 · Management $43,310$866,193
IX-24 Other expenses (24a–d)Programs $2,265,728 · Management $186,826 · Fundraising $5,923$2,458,477
IX-24e All other expensesPrograms $262,881 · Management $133,550$396,431
IX-25 Total functional expensesPrograms $15,038,079 · Management $2,667,604 · Fundraising $130,758$17,836,441
Part X · Balance sheet $21,119,615 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $3,531,265$2,110,822
X-2 Savings and temporary cash investmentsStart of year $1,300,208$1,304,111
X-3 Pledges and grants receivableStart of year $1,217,836$1,886,925
X-4 Accounts receivableStart of year $60,000$0
X-10c Land, buildings and equipment, netStart of year $11,277,554$12,384,525
X-15 Other assetsStart of year $3,738,572$3,433,232
X-16 Total assetsStart of year $21,125,435$21,119,615
X-17 Accounts payable and accrued expensesStart of year $985,881$1,102,553
X-19 Deferred revenueStart of year $77,419$0
X-20 Tax-exempt bond liabilitiesStart of year $9,933,495$9,784,430
X-25 Other liabilitiesStart of year $2,562,979$2,146,777
X-26 Total liabilitiesStart of year $13,559,774$13,033,760
X-27 Net assets without donor restrictionsStart of year $5,310,214$7,260,462
X-28 Net assets with donor restrictionsStart of year $2,255,447$825,393
X-32 Total net assets or fund balancesStart of year $7,565,661$8,085,855
X-33 Total liabilities and net assetsStart of year $21,125,435$21,119,615
Part XI · Reconciliation of net assets $8,085,855 net assets at year end
XI-1 Total revenue$18,356,635
XI-2 Total expenses$17,836,441
XI-3 Revenue less expenses$520,194
XI-4 Net assets at start of year$7,565,661
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,085,855

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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