2024-10-21T09:58:43-05:00 2023-08-31 750786316 WEAVER AND TIDWELL LLP 2300 N FIELD ST STE 1000 DALLAS TX 75201 990 2022-09-01 760297121 THE VARNETT SCHOOLS INC VARN 7137234699 PO BOX 1457 HOUSTON TX 77251 DR MATTHEW PLUMMER PRESIDENT 7137234699 2024-09-16 1 1 SARA BURKHART P01435955 9367568127 2022 2024-10-15 13:58:12Z DR MATTHEW PLUMMER PO BOX 1457 HOUSTON TX 77251 18212008 0 X WWW.VARNETT.ORG X 1990 TX THE MISSION OF THE VARNETT PUBLIC SCHOOL IS TO PROVIDE A RIGOROUS ACADEMIC PROGRAM WHICH MEETS THE NEEDS OF OUR DIVERSE POPULATION. 7 7 200 7 0 0 21754653 17866910 157109 120809 110827 209115 -130168 15174 21892421 18212008 0 0 0 0 11820347 10688788 0 0 0 6752882 7326919 18573229 18015707 3319192 196301 26684874 27218383 3234287 3571495 23450587 23646888 THE MISSION OF THE VARNETT PUBLIC SCHOOL IS TO PROVIDE A RIGOROUS ACADEMIC PROGRAM WHICH MEETS THE NEEDS OF OUR DIVERSE POPULATION. 0 0 16637550 120809 THE SCHOOL PROVIDES AN ALTERNATIVE PUBLIC SCHOOL TO CHILDREN, SERVING MOSTLY MINORITY STUDENTS. 16637550 1 0 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 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 45 0 1 200 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MATTHEW PLUMMER 7137234699 PO BOX 1457 HOUSTON TX 77251 ANTOY BELL BOARD MEMBER 1.00 X 0 0 0 MALAKI SIMS BOARD MEMBER 1.00 X 0 0 0 SARA DONATTO BOARD MEMBER 1.00 X 0 0 0 CYNTHIA HUMPHREY BOARD MEMBER 1.00 X 0 0 0 DR MATTHEW PLUMMER PRESIDENT 10.00 X X 0 0 0 DR EDGARDO COLON TREASURER 10.00 X X 0 0 0 CLARENCE WHITE III SECRETARY 10.00 X X 0 0 0 SANDRA SMITH CHIEF FINANCIAL OFFICER 60.00 X 192532 0 5060 MARGARET STROUD SUPERINTENDENT 60.00 X 264037 0 0 NITA WHITE SUPERINTENDENT 60.00 X 0 0 0 NI'COLE GOLD CHIEF ACADEMIC OFFICER 40.00 X 135281 0 10224 TERRELL RUSSELL GENERAL MANAGER FMOT 40.00 X 121846 0 10224 JEFFREY SILER TECHNOLOGY DIRECTOR 40.00 X 118296 0 0 CONRAD MCCONNELL COMMUNICATIONS DIRECTOR 40.00 X 105479 0 5060 GAYLE VOLTZ EAST CAMPUS DIRECTOR 40.00 X 104520 0 0 1041991 0 30568 7 0 1 0 MATH-A-MATICS TUTORING LLC 8524 HIGHWAY 6 N 466 HOUSTON TX 77095 TUTORING AND SUBSTITUTE TEACHERRS 942389 EMC ED GROUP LLC 2802 TIMMONS 122134 HOUSTON TX 77227 TUTORING 508825 SCHOLASTIC SOLUTIONS LLC PO BOX 639849 BOERNE TX 78006 BACK OFFICE SUPPORT 338300 MAXI REALTY CORP 1955 WEST T C JESTER HOUSTON TX 78008 OPERATING LEASE 322700 1ST RESPONSE SECURITY 2325 ATASCOCITA RD STE E 103 HUMBLE TX 77396 ARMED AND UNARMED SECURITY 222096 13 17826910 40000 163159 17866910 LOCAL REVENUE 611600 120809 120809 120809 209115 209115 INSURANCE RECOVERY 611600 15174 15174 15174 18212008 120809 0 224289 X 407427 83360 324067 8809132 8522322 286810 590242 550933 39309 697518 669166 28352 184469 172676 11793 85465 85465 60650 60650 3757870 3473975 283895 695979 691137 4842 66687 57198 9489 49645 49645 564427 508122 56305 178547 117443 61104 SUPPLIES, TEXTBOOKS, FO 1622778 1594893 27885 MISCELLANEOUS OPERATING 239587 191041 48546 WORKERS COMPENSATION IN 5284 5284 18015707 16637550 1378157 0 4874845 4653710 11653083 12413175 2493126 2072049 1762 15428 14887482 7457775 7662058 7429707 0 634314 26684874 27218383 457606 451856 2171630 2078687 605051 1040952 3234287 3571495 X 13976042 14275236 9474545 9371652 23450587 23646888 26684874 27218383 196301 0 X X 0 1 X 1 1 1 X 653287 653287 11447550 4822044 6625506 2786645 2635731 150914 7429707 WAGES PAYABLE 405190 OPERATING LEASES 635762 1040952 X 18212008 0 18212008 0 18212008 18015707 0 18015707 0 18015707 PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE CHARTER HOLDER IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FORM 990 IS FILED ANNUALLY. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE THE RECOGNITION, MEASUREMENT, CLASSIFICATION, AND DISCLOSURE IN THE FINANCIAL STATEMENTS OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE CHARTER HOLDER'S TAX RETURNS. MANAGEMENT HAS DETERMINED THAT THE CHARTER HOLDER DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE CHARTER HOLDER'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE CHARTER HOLDER WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES, AND INTEREST AS A RESULT OF SUCH CHALLENGE. GENERALLY, THE CHARTER HOLDER'S TAX RETURNS REMAIN OPEN FOR FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS FROM THE DATE OF FILING. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZES ITS POLICY ON ITS WEBSITE. SCHEDULE E, PART I, LINE 6 AS A TEXAS CHARTERED SCHOOL, THE ORGANIZATION RECEIVES FUNDS FROM THE STATE OF TEXAS AS LONG AS REQUIREMENTS ARE MET. X 0 0 0 0 0 0 0 0 0 MARGARET STROUD SUPERINTENDENT 256037 0 0 0 8000 0 0 0 0 0 264037 0 0 0 SANDRA SMITH CHIEF FINANCIAL OFFICER 138576 0 0 0 53956 0 5060 0 0 0 197592 0 0 0 X 1 163159 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S BOARD REVIEWED AND APPROVED OF THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO REGULARLY REPORT ANY POTENTIAL CONFLICTS OF INTEREST AS REQUIRED IN THE ORGANIZATION'S GOVERNANCE REPORT. FORM 990, PART VI, SECTION B, LINE 15 SALARY FOR THE SUPERINTENDENT AND OFFICERS IS REVIEWED AND DETERMINED BY THE INDEPENDENT BOARD MEMBERS, STUDY OF COMPARABLE DATA WITH CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION PROCESS. FORM 990, PART VI, SECTION C, LINE 19 APPLICABLE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 1,679,819. MANAGEMENT AND GENERAL EXPENSES 65,950. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,745,769. OTHER CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 1,774,576. MANAGEMENT AND GENERAL EXPENSES 217,845. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,992,421. EDUCATION SERVICE CENTER COSTS: PROGRAM SERVICE EXPENSES 19,580. MANAGEMENT AND GENERAL EXPENSES 100. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,680. FORM 990, PART XII, LINE 2C: THE ORGANIZATION UNDERWENT THE REQUIRED AUDIT RESULTING FROM A FEDERAL AWARD IN THE SINGLE AUDIT ACT AND OMB CIRCULAR A-133.