2025-07-11T13:27:46-05:00 2024-08-31 203992693 RANDY WALKER & CO 7800 IH 10 WEST STE 505 SAN ANTONIO TX 78230 990 2023-09-01 742774612 ORENDA EDUCATION OREN 5128693020 2951 WILLIAMS DRIVE GEORGETOWN TX 78628 MARGINA ESCOBAR CHIEF FINANCIAL OFFICER 5128693020 2025-07-10 1 1 RANDY L WALKER CPA P00963779 2103669430 2023 2025-03-06 01:10:19Z RICHARD N RICKEY 2951 WILLIAMS DRIVE GEORGETOWN TX 78628 21628320 0 X WWW.ORENDAEDUCATION.ORG X 1995 TX ORENDA EDUCATION OPERATES ORENDA CHARTER SCHOOLS - A PUBLIC CHARTER SCHOOL DISTRICT SERVING STUDENTS IN GRADE K - 12. 5 5 322 583 0 0 2370082 2364512 18891997 19195926 36206 26246 0 17933 21298285 21604617 0 0 0 0 12296160 12700053 0 0 220538 7109927 8472816 19406087 21172869 1892198 431748 80308117 83484280 54967868 56912433 25340249 26571847 TO CREATE NEW AND INNOVATIVE SCHOOL CHOICE OPPORTUNITIES FOR FAMILIES SEEKING AN ALTERNATIVE TO THE LARGE, MORE TRADITIONAL PUBLIC SCHOOL SYSTEMS. 0 0 17919347 19195926 OPERATES A PUBLIC CHARTER SCHOOL DISTRICT SERVING STUDENTS IN GRADES K - 12. 17919347 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 54 0 1 322 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MARGINA ESCOBAR CFO 5128693020 2951 WILLIAMS DRIVE GEORGETOWN TX 78628 DRHERMAN MATTHEWS MEMBER 1.00 X 0 0 0 TORY GANT MEMBER 1.00 X 0 0 0 ANDREW COTRILL BOARD PRESIDENT 1.00 X X 0 0 0 TRAVIS C GRAVES VICE PRESIDENT 1.00 X X 0 0 0 MICK SWOPE SECRETARY 1.00 X X 0 0 0 RICHARD N RICKEY CEO 40.00 X 179428 0 5754 CARLA L SILBER SUPERINTENDENT 40.00 X 152914 0 5910 MARGINA ESCOBAR CFO 40.00 X 117857 0 5702 450199 0 17366 3 0 1 0 KMI SPORTS CONSTRUCTION LLC 7070 US HWY 290 DRIPPING SPRINGS TX 78620 SPORTSFIELDS - TURF INSTALLATION AND GRO 1385183 ATX CLEAN LLC 5004 PARELL PATH AUSTIN TX 78744 CLEANING/MAINTENANCE JANITORIAL SERVICES 535000 DRYWALL PAINT SOLUTIONS PO BOX 1362 GEORGETOWN TX 78627 VARIOUS BUILDING PROJECTS- PAINT, REPAIR 107900 3 537534 1726990 99988 2364512 FOUNDATION SCHOOL PROGRAM 611710 18208932 18208932 FOOD SERVICE REVENUE 611710 542283 542283 CO-CURRICULAR REVENUE 611710 444711 444711 19195926 29949 29949 17933 0 17933 17933 17933 20000 23703 -3703 -3703 -3703 0 537534 0 0 21604617 19195926 0 44179 488710 398383 82895 7432 10002156 8148546 1700367 153243 2039456 1688009 326313 25134 169731 140482 27157 2092 700250 555943 144307 394177 178493 189229 26455 810649 756377 54272 120601 94422 25172 1007 2147725 2040339 107386 1815332 1722816 92516 MAINTENANCE & REPAIR 952459 938172 14287 SUPPLIES & MATERIALS 952031 909779 37077 5175 FOOD 277182 277182 INSURANCE AND BONDING 249564 24956 224608 52846 45448 7398 21172869 17919347 3032984 220538 X 9590922 8945414 11368370 3833094 1996005 2079682 158407 234381 197727 185067 73157690 10948722 52686461 62208968 1231657 1436205 3078568 4561469 80308117 83484280 1951862 3542548 163198 186737 52852808 53183148 54967868 56912433 X 23550588 25770443 1789661 801404 25340249 26571847 80308117 83484280 431748 799850 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7383323 7383323 61172330 9358374 51813956 1889543 1220382 669161 2712494 369966 2342528 62208968 TAXABLE EDUCATION REVENUE BOND ISSUANCE COST 3329323 OTHER RECEIVABLES 99988 OPERATING LEASE RIGHT-OF-USE ASSETS 1106329 FINANCE LEASE RIGHT-OF-USE ASSETS, NET 25829 4561469 OTHER LIABILITIES 149026 EDUCATION REVENUE BONDS 51900725 OPERATING LEASE PAYABLES 1106329 FINANCE LEASE PAYABLE 27068 53183148 22404467 799850 799850 21604617 0 21604617 21172869 0 21172869 0 21172869 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 RACIALLY NONDISCRIMINATORY POLICY ON THE SCHOOL WEBSITE UNDER THE ENROLLMENT POLICY SECTION. THE POLICY IS ALSO INCLUDED IN THE REGISTRATION PACKAGE COMPLETED BY THE PARENTS DURING THE REGISTRATION PERIOD. SCHEDULE E, PART I, LINE 6 ORENDA EDUCATION OPERATES A PUBLIC CHARTER SCHOOL DISTRICT WITH THE ADMINISTRATIVE OFFICE LOCATED IN GEORGETOWN, TEXAS AND SCHOOLS LOCATED THROUGHOUT TEXAS. AS SUCH, THE ORGANIZATION RECEIVES REVENUES FROM THE TEXAS EDUCATION AGENCY (TEA) AND RELATED STATE AND FEDERAL AGENCIES SUCH AS ENTITLEMENTS AND/OR GRANTS. ANNUAL CAMPAIGN 537534 537534 537534 537534 X X X 0 0 0 0 0 0 0 0 0 RICHARD N RICKEY CEO 167120 0 12308 0 0 0 997 0 4757 0 185182 0 0 0 CARLA L SILBER SUPERINTENDENT 138906 0 14008 0 0 0 1153 0 4757 0 158824 0 0 0 A NEWARK HIGHER EDUCATION FINANCE CORPORATION 650346BP3 2017-06-20 23683742 CONSTRUCTION FUND, EQUIPMENT AND RENOVATIONS 0 0 0 B NEWARK HIGHER EDUCATION FINANCE CORPORATION 650346BP3 2015-08-20 15223661 CONSTRUCTION FUND, EQUIPMENT AND RENOVATIONS 0 0 0 C NEWARK HIGHER EDUCATION FINANCE CORPORATION 2023-06-01 13824384 CONSTRUCTION FUND, EQUIPMENT AND RENOVATIONS 0 0 0 A 23683742 502500 182460 29 0 0 0 1 B 15223661 60850 298769 2015 0 0 0 1 C 13824384 514297 229052 7956443 48301 2989097 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION ORENDA EDUCATION 2951 WILLIAMS DRIVE GEORGETOWN, TX 78628 EMPLOYER IDENTIFICATION NUMBER: 74-2774612 FOR THE YEAR ENDING AUGUST 31, 2024 ORENDA EDUCATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 WAS PREPARED BY RANDY WALKER & CO. A COPY OF THE FEDERAL FORM 990 WAS PRESENTED TO ORENDA CHARTER SCHOOL FOR APPROVAL. AFTER APPROVAL, THE FORM WAS SUBMITTED TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED THROUGH THE ANNUAL COMPLETION OF A CONFLICT OF INTEREST FORM. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS INCLUDES COMPARABILITY DATA BY REVIEWING EDUCATION SERVICE CENTER REGION 12 TEXAS DISTRICT SALARY AND COMPENSATION SURVEYS AND COMPARING SALARY SCALES OF SURROUNDING SCHOOL DISTRICTS AS WELL AS TEXAS WORKFORCE COMMISSION SALARY GUIDELINES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED ON OUR DISTRICT WEBSITE. DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FORM 990, PART X, LINE 25 THE ORGANIZATION'S OBLIGATIONS UNDER BONDS PAYABLE INCLUDE TAXABLE EDUCATION REVENUE BONDS (SERIES 2011Q) ISSUED THROUGH THE TEXAS PUBLIC FINANCE AUTHORITY CHARTER SCHOOL FINANCE CORPORATION. THESE BONDS ARE DATED DECEMBER 1, 2011. THE SERIES 2011Q BONDS CLOSED AND FUNDED ON DECEMBER 1, 2011, WITH ALL PROCEEDS BEING HELD BY THE BANK OF TEXAS. THE BONDS' PROCEEDS WILL BE USED FOR PROPERTY ACQUISITION AND CONSTRUCTION AT THE GATEWAY COLLEGE PREPARATORY CAMPUS AND WERE UNDERWRITTEN BY PIPER JAFFRAY & CO. THE INTEREST RATES ON THE BONDS RANGE FROM 7.25% TO 8%, AND THE TERMS OF THE BONDS RANGE FROM NINE TO THIRTY YEARS. THE ORGANIZATION'S BOND OBLIGATIONS ALSO INCLUDE EDUCATION REVENUE REFUNDING BONDS (SERIES 2015A). THESE BONDS CLOSED AND FUNDED ON AUGUST 20, 2015, WITH ALL PROCEEDS BEING HELD BY BANK OF TEXAS. THE BONDS' PROCEEDS WILL BE USED FOR EXPANSION OF THE GATEWAY COLLEGE PREPARATORY CAMPUS. THE BONDS WERE UNDERWRITTEN BY OPPENHEIMER & CO. THE INTEREST RATES ON THE BONDS RANGE FROM 1% TO 4%, AND THE TERMS OF THE BONDS RANGE FROM FOUR TO TWENTY-NINE YEARS. THE ORGANIZATION'S BOND OBLIGATIONS ALSO CONSIST OF EDUCATION REVENUE BONDS (SERIES 2017) ISSUED THROUGH THE NEWARK HIGHER EDUCATION FINANCE CORPORATION. THESE BONDS CLOSED AND FUNDED ON JUNE 20, 2017, WITH ALL PROCEEDS BEING HELD BY BANK OF TEXAS. THE BONDS' PROCEEDS WILL BE USED FOR EXPANSION OF THE GATEWAY COLLEGE PREPARATORY CAMPUS. THE BONDS WERE UNDERWRITTEN BY OPPENHEIMER & CO. THE INTEREST RATES ON THE BONDS RANGE FROM 3% TO 5%, AND THE TERM OF THE BONDS IS THIRTY YEARS. THE BOND ISSUE INCLUDED A PREMIUM OF $621,203. THE ORGANIZATION'S BOND OBLIGATIONS ALSO CONSIST OF EDUCATION REVENUE BONDS (SERIES 2023) ISSUED THROUGH THE NEWARK HIGHER EDUCATION FINANCE CORPORATION. THESE BONDS CLOSED AND FUNDED ON JUNE 1, 2023, WITH ALL PROCEEDS BEING HELD BY BANK OF TEXAS. THE BONDS' PROCEEDS WILL BE USED FOR EXPANSION OF THE GATEWAY COLLEGE PREPARATORY CAMPUS. THE BONDS WERE UNDERWRITTEN BY HERBERT J. SIMS & CO. THE INTEREST RATES ON THE BONDS RANGE FROM 3.5% TO 4.75%, AND THE TERM OF THE BONDS RANGE FROM TWO TO THIRTY-FIVE YEARS. THE BOND ISSUE INCLUDED A PREMIUM OF $22,685. AS OF AUGUST 31, 2024, THE OUTSTANDING BALANCE ON BONDS PAYABLE WAS $53,720,000 CONSISTING OF BONDS PAYABLE - CURRENT PORTION OF $910,000 AND BONDS PAYABLE - LONG-TERM OF $50,990,725. AS OF AUGUST 31, 2023, THE OUTSTANDING BALANCE ON BONDS PAYABLE WAS $54,585,000 CONSISTING OF BONDS PAYABLE - CURRENT PORTION OF $865,000 AND BONDS PAYABLE - LONG-TERM OF $51,675,382. AS OF AUGUST 31, 2024, AND 2023, ISSUANCE COSTS PAID FOR THESE BONDS AT DATE OF ISSUANCE TOTALED $1,819,275 AND $2,044,618 RESPECTIVELY. AMORTIZATION EXPENSE RELATED TO THESE COSTS DURING THE YEARS-ENDED AUGUST 31, 2024 AND 2023 WAS $225,341 AND $123,287, RESPECTIVELY. THE ORGANIZATION RECEIVES AN ANNUAL QUALIFIED SCHOOL CONSTRUCTION BOND FEDERAL SUBSIDY TO ASSIST IN THE PAYMENT OF INTEREST ON THE BONDS. DURING THE YEARS ENDED AUGUST 31, 2024 AND 2023, THE ORGANIZATION RECEIVED THE SUBSIDY BENEFIT OF $266,670 AND $266,629, RESPECTIVELY, WHICH WAS PAID DIRECTLY TO THE BOND TRUSTEE ON BEHALF OF THE ORGANIZATION. BOND INTEREST EXPENSE, NET OF THIS SUBSIDY BENEFIT, WAS $2,147,697 AND $1,688,628 FOR THE YEARS ENDED AUGUST 31, 2024 AND 2023, RESPECTIVELY. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S PROCESS FOR ASSUMING RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR HAVE NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART XII, LINE 2B THE CONSOLIDATED FINANCIAL STATEMENTS INCLUDE THE ACTIVITY FOR ORENDA EDUCATION (THE CHARTER HOLDER) AND ORENDA CHARTER SCHOOL (THE SCHOOL). FOR TAX PURPOSES, THE ENTITIES FILE UNDER A SINGLE EMPLOYER IDENTIFICATION NUMBER [74-2774612] AS ORENDA EDUCATION.