2024-03-19T17:40:57-05:00 2023-08-31 752393478 WHITLEY PENN LLP 640 TAYLOR STREET SUITE 2200 FT WORTH TX 76102 990 2022-09-01 760680496 THE DRAW ACADEMY INCORPORATED DRAW 7137063729 3920 STONEY BROOK DRIVE HOUSTON TX 77063 FERNANDO DONATTI CEO/SUPERINTENDENT 7137063729 2024-03-15 1 FERNANDO DONATTI 999009999 1 EMILY LANDRY P01614538 8172599100 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z X FERNANDO DONATTI 3920 STONEY BROOK DRIVE HOUSTON TX 77063 10835954 0 X WWW.DRAWACADEMY.ORG X 2001 TX DRAW ACADEMY IS A TEXAS EDUCATION AGENCY OPEN ENROLLMENT CHARTER SCHOOL SERVING STUDENTS FROM PRE-KINDERGARTEN (3 YEARS OLD) TO EIGHTH GRADE STUDENTS AS A PUBLIC ELEMENTARY AND MIDDLE SCHOOL. 6 6 104 5 0 0 9992861 10825621 32602 0 1887 10333 0 0 10027350 10835954 0 0 0 0 5636007 3588006 0 0 0 3828553 7090332 9464560 10678338 562790 157616 4055605 9507411 409084 6094253 3646521 3413158 DRAW ACADEMY IS A TEXAS EDUCATION AGENCY OPEN ENROLLMENT CHARTER SCHOOL SERVING STUDENTS FROM PRE-KINDERGARTEN (3 YEARS OLD) TO EIGHTH GRADE STUDENTS AS A PUBLIC ELEMENTARY AND MIDDLE SCHOOL. 0 0 7625752 DRAW ACADEMY IS A TEXAS EDUCATION AGENCY OPEN ENROLLMENT CHARTER SCHOOL SERVING STUDENTS FROM PRE-KINDERGARDEN (3 YEARS OLD) TO EIGHTH GRADE STUDENTS AS A PUBLIC ELEMENTARY AND MIDDLE SCHOOL. 7625752 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 10 0 1 104 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 X FERNANDO DONATTI 7137063729 3920 STONEY BROOK DRIVE HOUSTON TX 77063 ROXANA CUELLO PRESIDENT 2.00 X X 0 0 0 DIEGO CUTRERA VICE PRESIDENT 2.00 X X 0 0 0 BARBARA THARP SECRETARY 2.00 X X 0 0 0 YAJAIRA IVETH LOPEZ BOARD MEMBER 2.00 X 0 0 0 CLAUDIA RUIZ BOARD MEMBER 2.00 X 0 0 0 CAROLINA MARTINEZ BOARD MEMBER 2.00 X 0 0 0 FERNANDO DONATTI CEO/SUPERINTEND 60.00 X 137087 0 23527 PATRICIA BEINSTEGUI PRINCIPAL 40.00 X 87776 0 27211 224863 0 50738 1 0 0 0 ALEPH INVESTMENTS INC 3920 STONEY BROOK DR HOUSTON TX 77063 BUILDING RENT 652704 THE HEALTHY LUNCH BOX 614 W GREENS RD HOUSTON TX 77067 CATERING 514569 PRUSEN INC 15114 KENNEDY OAKS ST HOUSTON TX 77053 WEB HOSTING 361250 SOLEDO LLC 3903 STONEY BROOK DR HOUSTON TX 77063 BUILDING RENT 329401 AMTEL COMMUNICATIONS 1046 TEXAN TRL GRAPEVINE TX 76051 TELECOMMUNICATIONS 162601 5 10825621 10825621 10333 10333 10835954 0 0 10333 X 270536 249279 21257 2456872 2260322 196550 361275 339599 21676 423056 397673 25383 76267 71691 4576 4080 653 3427 74161 11866 62295 3622057 911058 2710999 38184 33220 4964 1326233 1326233 2353 894 1459 119781 119781 117849 117849 SUPPLIES 768256 768256 FOOD 549763 549763 MAINTENANCE AND REPAIRS 230044 230044 FEES 125590 125590 111981 111981 10678338 7625752 3052586 0 2670164 3117306 636112 40963 109314 580024 113669 27632 8932708 3215402 526346 5717306 0 24180 4055605 9507411 356684 486802 52400 0 0 5607451 409084 6094253 X 529348 650214 3117173 2762944 3646521 3413158 4055605 9507411 157616 -390979 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8407471 2761248 5646223 525237 454154 71083 5717306 LEASE LIABILITY 5607451 5607451 X 10835954 0 10835954 0 10835954 10678338 0 10678338 0 10678338 PART X, LINE 2: THE ACADEMY IS A NONPROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE ("THE CODE") AND COMPARABLE STATE OF TEXAS LAW. THE ACADEMY DID NOT CONDUCT ANY UNRELATED BUSINESS ACTIVITIES IN THE CURRENT FISCAL YEAR. THEREFORE, THE ACADEMY HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ACADEMY HAS ALSO BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ACADEMY, WHICH IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. ACCORDINGLY, CONTRIBUTIONS TO THE ACADEMY ARE TAX DEDUCTIBLE WITHIN THE LIMITATIONS PRESCRIBED BY THE CODE. THE ACADEMY APPLIES THE PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FASB ASC TOPIC 740 ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. THE ACADEMY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 DRAW ACADEMY OPERATES AS A PUBLIC CHARTER SCHOOL IN TEXAS AND, AS SUCH, RECEIVES REVENUE FROM THE TEXAS EDUCATION AGENCY AND RELATED STATE AND FEDERAL AGENCIES AS ENTITLEMENTS AND/OR GRANTS. FERNANDO DONATTI CEO/SUPERINTENDENT 329401 BUILDING RENT 0 FERNANDO DONATTI CEO/SUPERINTENDENT 652704 BUILDING RENT 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY SENIOR MANAGEMENT PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANY MATTER WHICH MAY INVOLVE A POTENTIAL NON-COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD. THE BOARD MUST BASE ALL DECISIONS RELATED TO STUDENTS SERVICES OR THE SCHOOL FUNCTION ON THE DRAW ACADEMY CORE PHILOSOPHY, MISSION, STRATEGIC INTENT, MISSION STATEMENT, AND CORE BELIEFS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS COMPARABLE DATA FROM OTHER DISTRICTS TO DETERMINE THE SALARIES OF KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURES OF GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SALARIES: PROGRAM SERVICE EXPENSES 418,824. MANAGEMENT AND GENERAL EXPENSES 2,198,828. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,617,652. INSTRUCTIONAL SERVICES: PROGRAM SERVICE EXPENSES 244,492. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 244,492. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 222,833. MANAGEMENT AND GENERAL EXPENSES 381,398. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 604,231. SECURITY SERVICES: PROGRAM SERVICE EXPENSES 16,723. MANAGEMENT AND GENERAL EXPENSES 87,798. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 104,521. ESC SERVICES: PROGRAM SERVICE EXPENSES 8,186. MANAGEMENT AND GENERAL EXPENSES 42,975. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 51,161. PART XII, LINE 2C: THE PROCESS TO OVERSEE AND SELECT AN INDEPENDENT AUDITOR HAS NOT CHANGED SINCE LAST YEAR.