AUSTIN GIFTED

EIN: 742913554 501(c)(3) Education

AUSTIN, TX

Total Revenue
$1,510,458
Total Expenses
$1,844,782
Total Assets
$2,042,259
Net Assets
$741,685
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
TX
Principal Officer
Danny Mulligan
Phone
5122064070
Tax Period
2023-09-01 to 2024-08-31

AUSTIN GIFTED, founded in 2005, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 22% operating deficit.

Mission

ACE ACADEMY IS A PRIVATE INDEPENDENT SCHOOL FOR GIFTED STUDENTS IN AUSTIN TEXAS.

Program Service Accomplishments

Program 1
Expenses: $1,510,783 Revenue: $1,286,242

ACE ACADEMY OFFERS A FULL-TIME PROGRAM SPECIFICALLY DESIGNED FOR THE GIFTED LEARNER. THROUGH INTERDISCIPLINARY CURRICULUM AND RELATIONAL LEARNING ACE ENCOURAGES A GLOBAL IN-DEPTH PERSPECTIVE IN ITS...

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ACE ACADEMY OFFERS A FULL-TIME PROGRAM SPECIFICALLY DESIGNED FOR THE GIFTED LEARNER. THROUGH INTERDISCIPLINARY CURRICULUM AND RELATIONAL LEARNING ACE ENCOURAGES A GLOBAL IN-DEPTH PERSPECTIVE IN ITS STUDENTS. FOREIGN LANGUAGE ART MUSIC DRAMA CHESS ROBOTICS AND PHYSICAL EDUCATION ROUND OUT CORE ACADEMICS. THE ACADEMY HOLDS THE SUMMER WONDERS PROGRAM ANNUALLY. SUMMER WONDERS ALLOWS STUDENTS TO EXPLORE DIVERSE SUBJECTS IN A CHALLENGING CREATIVE ENVIRONMENT THROUGH AN INTEGRATIVE HANDS-ON NON-TRADITIONAL APPROACH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $138,210
Program Service Revenue $1,286,242
Investment Income $86,006
Other Revenue $0
TOTAL REVENUE $1,510,458

Expense Breakdown

Grants Paid $63,000
Salaries & Benefits $1,403,378
Fundraising Expenses $62,944
Program Expenses $1,510,783
Other Expenses $378,404
TOTAL EXPENSES $1,844,782

Year-over-Year Comparison

2023 2022 Change
Revenue $1,510,458 $1,847,254 -0.2%
Expenses $1,844,782 $1,632,434 +0.1%
Net Income $-334,324 $214,820 -2.6%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
23
Volunteers
50

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$111,095
Total Directors
10
$111,095
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DESIREE KIMBALL HEAD OF SCHOOL 40.00
Officer Director
$109,453 $1,642 $111,095
DANNY MULLIGAN BOARD CHAIR 1.00
Officer Director
$0 $0 $0
JENNIFER ROBINSON BOARD TREASURER 1.00
Officer Director
$0 $0 $0
MARK RICHMOND BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
TYLER CLARK BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA DINKEL BOARD MEMBER 1.00
Director
$0 $0 $0
ROSS GARSSON BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH HARRIS BOARD MEMBER 1.00
Director
$0 $0 $0
LISA NOVAK BOARD MEMBER 1.00
Director
$0 $0 $0
AZ BEAVERS BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,510,458 $1,844,782 $2,042,259 $-334,324
2023 $1,847,254 $1,632,434 $1,845,260 $214,820
2022 $1,321,074 $1,677,330 $1,913,240 $-356,256
2021 $2,049,769 $1,648,647 $2,344,588 $401,122
2020 $2,310,209 $2,112,649 $1,536,559 $197,560
2019 $2,185,377 $2,157,921 $2,338,113 $27,456
2018 $2,174,657 $2,010,976 $1,162,927 $163,681
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