Houston Classical INC FY2020 filing

Houston, TX · Public charity (501(c)(3)) · Since 2018 · Education

✓ Tax-deductible
Revenue
$517K
Spent
$260K
To programs
86%
Net assets
$257K
By yearFY2019–FY2024
Revenue
$517K
FY2020
Revenue by fiscal year
FY2019$0
FY2020$517K
FY2021$2.1M
FY2022$2.6M
FY2023$6.0M
FY2024$8.8M
FY2024$11.0M
Expenses
$260K
FY2020
Expenses by fiscal year
FY2019Not on file
FY2020$260K
FY2021$1.3M
FY2022$2.8M
FY2023$3.9M
FY2024$6.7M
FY2024$7.3M
Net assets
$257K
FY2020
Net assets by fiscal year
FY2019$0
FY2020$257K
FY2021$1.1M
FY2022$847K
FY2023$3.0M
FY2024$5.1M
FY2024$8.8M

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

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CHouston Classical INC
EINHdr · item D83-2516896
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2019
Year of formationHdr · item L2018
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CHouston, TX
NTEE classificationIRS BMFEducation (B29)
WebsiteHdr · item Jwww.houstonclassical.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$223K
Management & general14%$37K
Total functional expensesLn 25$260K

Financial health

Is it on solid ground?

Program efficiency
86%
of spending reaches programs
Operating runway
7.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+50%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$257K
FY2020
Total assets by fiscal year
FY2019Not on file
FY2020$257K
FY2021$1.1M
FY2022$941K
FY2023$4.0M
FY2024$10.3M
FY2024$14.5M
Total liabilities
$0
FY2020
Total liabilities by fiscal year
FY2019Not on file
FY2020$0
FY2021$16K
FY2022$94K
FY2023$980K
FY2024$5.3M
FY2024$5.8M
Revenue less expensesPt I · Ln 19$257K
Total assetsPt X · Ln 16$257K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$159K
Total assetsLn 16$257K
Total liabilitiesLn 26$0
Total net assetsLn 32$257K
Months of cash on handcomputed7.3

Statement of Revenue

Part VIII
Program service revenue$451K · 87%
Contributions & grants$66K · 13%
Program service revenue87%$451K
Contributions & grants13%$66K
— government grantsLn 1e$66K
Total revenueLn 12$517K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $159K · Operating expenses/yr $260K
7.3 months
Where the money goes
Program services
Program services $223K · Total expenses $260K
86%
Management & General
Management & general $37K · Total expenses $260K
14%
Fundraising
Fundraising $0 · Total expenses $260K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $66K · Total revenue $517K
13%
Government reliance
Government grants $66K · Total revenue $517K
13%
Earned-income share
Program service revenue $451K · Total revenue $517K
87%
Investment reliance
Investment income $0 · Total revenue $517K
0%
Program self-sufficiency
Program service revenue $451K · Total expenses $260K
173%
Growth & trend
Revenue growth (YoY)
This year $517K · Prior year $0
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $257K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $517K · Expenses $260K
+50%
Liabilities-to-Assets
Total liabilities — · Total assets $257K
—
Net-asset ratio
Net assets $257K · Total assets $257K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $257K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Deyvis R Salazar · Reported title CEO · Highest reported compensation $30K · Total expenses $260K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $30K · Total expenses $260K
12%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 14%——
Fundraising cost ratio 0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$30,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Deyvis R Salazar’s $202K as Head of Scho is at the 37th 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 · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Deyvis R Salazar$201,667$176,042$119,441$104,167$71,250$30,000
Madelyn Marrs$129,904—————
Hannah Richard$126,989—————
Mandi R Lovett———$40,503$37,061—

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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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Teaches classical curriculum using grammar, logic, and rhetoric to foster literacy, learning, and values.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $223K of program spending, described in the organization's own filed words · FY2019.
01

Educating kindergarten, 1ST and 2ND grade through a classical approach, rigorous academics, character development, and a structured environment. The school plans to expand one grade every year to eventually grow to k through 8TH grade.

$223Kprogram 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
See all 6 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $8.8M$6.7M+45% 990 PDF
FY2023 $6.0M$3.9M+131% 990 PDF
FY2022 $2.6M$2.8M+24% 990 PDF
FY2021 $2.1M$1.3M+307% 990 PDF
FY2020 Viewing $517K$260K 990 PDF
FY2019 $0— 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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