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Joy Development School EIN 76-0547112

Joy Development School FY2021 filing

EIN  76-0547112 Public charity (501(c)(3)) Houston, TX Founded 1997
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 7/22/26 · see original filing: IRS
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Size
$10–100M
What they do
Helps intellectually capable students with learning challenges succeed in school.
Leadership
Shara Bumgarner · Head of School · $224K
Money in and out
$10.9M revenue, $7.8M expenses
Bottom line
81% program efficiency

Helps intellectually capable students with learning challenges succeed in school. For fiscal year 2021 it reported $10.9M in revenue, $7.8M in expenses, and $16.4M in net assets.Pt I

Where the money goes · FY2021
Total revenue
$10.9M
Pt VIII · Ln 12
Total expenses
$7.8M
Pt IX · Ln 25
Net assets
$16.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.1M
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.12 Fundraising $0.07
Program efficiency
81%
of spending reaches programs
Operating runway
12.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+28%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$10.9M
FY2021▲ +18%
Expenses
$7.8M
FY2021▲ +2%
Total assets
$25.6M
FY2021▲ +10%
Total liabilities
$9.2M
FY2021▼ -8%
Total revenue
$10.9M
Pt VIII · Ln 12
Total expenses
$7.8M
Pt IX · Ln 25
Net assets
$16.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.1M
Total assetsPt X · Ln 16$25.6M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 419
Mission & Programs · Part III

Where the work happens

2 program services account for $6.3M of program spending, described in the organization's own filed words · FY2020.
01

The Joy Development School offers developmentally appropriate and individualized education for children with significant learning disabilities and who are 1-3 years behind their peers academically. The learning disabilities include speech and language developmental delays, dyslexia, ADD/ADHD, and auditory processing disorders.

$6.3Mprogram expense
02

Created in 2017, The Joy School Endowment Fund supports the mission and benevolent activities of the School.

$12Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJoy Development School
EINHdr · item D76-0547112
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jwww.thejoyschool.org
Year of formationHdr · item L1997
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99Z)
Ruling yearIRS BMFMay 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1b19
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Shara Bumgarner
Head of School
$223,714Pt VII · Sec A
Stacie McComb
Business Manager
$119,439Pt VII · Sec A
Deborah Kirkland
Development Director
$114,124Pt VII · Sec A
Lara Leigh Bergoon
Assistant Head of School
$112,743Pt VII · Sec A
Robert Wise
Enrollment Management Director
$110,799Pt VII · Sec A
Genna Evans
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Trish Hayes
Director
$0Pt VII · Sec A

Shara Bumgarner’s $246K as Head of School is at the 52nd percentile of top reported officer pay among 3682 $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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Shara Bumgarner$245,736$239,596$243,578$223,068$223,714$203,101
Christine Pratt$125,058$120,870$106,238———
Deborah Kirkland$123,686$120,772$120,171$114,151$114,124—
Lara Leigh Bergoon$121,773$117,837$117,461$107,943$112,743$101,167
Robert Wise$120,842$116,945$117,924$112,159$110,799—
Stacie McComb————$119,439$107,519
Sharon Donia$68,812$109,422$108,989$104,643——
Rachel Williams$103,639—$100,542———

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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Statement of Revenue

Part VIII
Program service revenue$6.7M · 61%
Contributions & grants$4.2M · 39%
Program service revenue61%$6.7M
Contributions & grants39%$4.2M
Investment income$18K
— government grantsLn 1e$1.1M
Total revenueLn 12$10.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.12 Fundraising $0.07
Program services81%$6.3M
Management & general12%$927K
Fundraising7%$564K
Total functional expensesLn 25$7.8M

Balance Sheet

Part X · end of year
CashLn 1$7.8M
Total assetsLn 16$25.6M
Total liabilitiesLn 26$9.2M
Total net assetsLn 32$16.4M
Months of cash on handcomputed11.9

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $7.8M · Operating expenses (Pt IX) $7.8M · Less non-cash grants $25K · Cash operating expenses/yr $7.8M
12.0 months
Where the money goes
Program services
Program services $6.3M · Total expenses $7.8M
81%
Management & General
Management & general $927K · Total expenses $7.8M
12%
Fundraising
Fundraising $564K · Total expenses $7.8M
7%
Cost to raise $1
Fundraising expense (2-yr avg) $571K · Solicited contributions (2-yr avg) $2.9M
$0.19 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.2M · Total revenue $10.9M
39%
Government reliance
Government grants $1.1M · Total revenue $10.9M
10%
Earned-income share
Program service revenue $6.7M · Total revenue $10.9M
61%
Investment reliance
Investment income $18K · Total revenue $10.9M
0%
Program self-sufficiency
Program service revenue $6.7M · Total expenses $7.8M
85%
Growth & trend
Revenue growth (YoY)
This year $10.9M · Prior year $9.2M
+18%
Net-asset trend (YoY)
End of year $16.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $10.9M · Expenses $7.8M
+28%
Liabilities-to-Assets
Total liabilities — · Total assets $25.6M
—
Net-asset ratio
Net assets $16.4M · Total assets $25.6M
64%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $25.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Shara Bumgarner · Reported title Head of School · Highest reported compensation $224K · Total expenses $7.8M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $5.7M · Total expenses $7.8M
73%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $92K · Gross raised $2.8M
3%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 12%——
Fundraising cost ratio 13%——
Revenue growth 18%——
Accounting fee ratio 0%——
Fundraising fee ratio 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
The Ayco Charitable FoundationFY2025$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 12 grants · $5.3M · 2019–2024
Unitemized GrantFY2024$1,057,538
The Joy School Endowment FundTX · FY2024$165,000
Unitemized GrantFY2023$814,455
Unitemized GrantFY2022$679,229
Unitemized GrantFY2022$679,229
The Joy School Endowment FundTX · FY2022$151,316
The Joy School Endowment FundTX · FY2022$151,316
Unitemized GrantFY2021$702,251
The Joy School Endowment FundTX · FY2021$72,935
Unitemized GrantFY2020$720,782
The Joy School Endowment FundTX · FY2020$12,090
The Joy School Endowment FundTX · FY2019$52,786

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$11.6M revenue · ⤓ 990 PDF
FY2023$11.0M revenue · ⤓ 990 PDF
FY2022$12.5M revenue · ⤓ 990 PDF
FY2021$10.9M revenue · viewing · ⤓ 990 PDF
FY2020$9.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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