Jubilee Academic Center Inc

EIN: 742939346 501(c)(3) Education

San Antonio, TX

Total Revenue
$93,977,861
Total Expenses
$94,364,142
Total Assets
$186,028,017
Net Assets
$26,862,788
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
TX
Principal Officer
Thomas J Koger
Phone
2103336227
Tax Period
2023-07-01 to 2024-06-30

Jubilee Academic Center Inc, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $94.0M in total revenue in fiscal year 2023.

Mission

Jubilee Academies, a free public charter school district began in January 2000 with 60 students in San Antonio, Texas. Current Texas geographic boundaries include: Brownsville,Harlingen,Kingsville,San Antonio,Austin. Jubilee serves nearly 6,000 students at 12 sites within its boundaries.

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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 $90,267,876
Program Service Revenue $1,856,827
Investment Income $1,787,622
Other Revenue $65,536
TOTAL REVENUE $93,977,861

Expense Breakdown

Grants Paid $0
Salaries & Benefits $61,595,520
Fundraising Expenses $0
Program Expenses $64,496,481
Other Expenses $32,768,622
TOTAL EXPENSES $94,364,142

Year-over-Year Comparison

2023 2022 Change
Revenue $93,977,861 $94,411,794 0.0%
Expenses $94,364,142 $94,545,418 0.0%
Net Income $-386,281 $-133,624 +1.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
1456
Volunteers
997

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
3
$201,529
Total Directors
7
$201,529
Key Employees
13
$1,676,585
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Thomas J Kroger Board Chairman/Chief Executive Officer 45.00
Officer Director
$201,029 $500 $201,529
Zach Lutz Vice-Chairman 5.00
Officer Director
$0 $0 $0
Gloria Glover Secretary 5.00
Officer Director
$0 $0 $0
Sherilyn West Member 5.00
Director
$0 $0 $0
Tommy Thompson Member 5.00
Director
$0 $0 $0
Ignacio Perez Member 5.00
Director
$0 $0 $0
Janie Perez Member 5.00
Director
$0 $0 $0
Kevin L Phillips Superintendent 40.00
Key Emp
$190,033 $10,019 $200,052
Rene Gallegos Chief Financial Officer 40.00
Key Emp
$179,104 $7,778 $186,882
David Cofer Executive Director of Human Resources 40.00
Key Emp
$138,853 $0 $138,853
Lorraine De Leon Associate Superintendent 40.00
Key Emp
$139,264 $0 $139,264
Alicia Bolt Associate Superintendent 40.00
Key Emp
$127,190 $0 $127,190
Sandra Gonzales Leadership Development Director 40.00
Key Emp
$119,996 $0 $119,996
Abel De Leon Director Associate 40.00
Key Emp
$122,932 $0 $122,932
Grace Muniz Director of Curriculum 40.00
Key Emp
$117,200 $0 $117,200
Carlos Moreno Director 40.00
Key Emp
$101,109 $0 $101,109
Diana Centeno Director of Student Services 40.00
Key Emp
$106,121 $0 $106,121
Christine Sanchez Senior Director of Fiscal Compliance 40.00
Key Emp
$106,352 $0 $106,352
Vanessa Fox-Norton Curriculum Director 40.00
Key Emp
$105,822 $0 $105,822
Ryan Wells Director 40.00
Key Emp
$104,812 $0 $104,812
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 $93,977,861 $94,364,142 $186,028,017 $-386,281
2023 $94,411,794 $94,545,418 $186,265,717 $-133,624
2022 $90,492,083 $89,627,228 $171,558,931 $864,855
2021 $77,234,033 $69,868,291 $137,938,000 $7,365,742
2020 $71,976,095 $69,210,951 $132,536,098 $2,765,144
2020 $71,976,095 $69,210,951 $132,536,098 $2,765,144
2019 $61,817,625 $56,943,728 $129,322,587 $4,873,897
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