Civic Intelligence

St Thomas More Academy Inc

EIN 02-0624214 • 501(c)3 • Raleigh, NC

Profile

St. Thomas more academy provides a classical college-preparatory high school curriculum for grades 9 through 12 that fully participates in the roman catholic tradition.

4641 Paragon Park RoadRaleigh, NC 27616

www.stmacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

22nd percentile

0.01x

Higher debt load relative to assets than 22% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

26th percentile

0.04x

Higher debt load relative to revenue than 26% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

6th percentile

-51%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-14%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

-0.8%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Down

$6,009,969

Down $956,931 (-14%) from 2023

Liabilities

Down

$80,397

Down $19,526 (-20%) from 2023

Net Assets

Down

$5,929,572

Down $937,405 (-14%) from 2023

Operations
Liabilities / Revenue26th percentileNet Margin6th percentile

Revenue

Down

$1,808,688

Down $14,171 (-0.8%) from 2023

Expenses

Up

$2,739,589

Up $179,252 (+7.0%) from 2023

Net Income

Down

-$930,901

Down $193,423 (-26%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2011: $2,376,310Liabilities 2011: $170,528Net Assets 2011: $2,205,7822011Assets 2012: $3,250,057Liabilities 2012: $148,340Net Assets 2012: $3,101,7172012Assets 2013: $3,624,395Liabilities 2013: $162,625Net Assets 2013: $3,461,7702013Assets 2014: $3,367,922Liabilities 2014: $130,696Net Assets 2014: $3,237,2262014Assets 2015: $3,178,071Liabilities 2015: $122,989Net Assets 2015: $3,055,0822015Assets 2016: $3,223,770Liabilities 2016: $124,609Net Assets 2016: $3,099,1612016Assets 2017: $3,078,045Liabilities 2017: $101,831Net Assets 2017: $2,976,2142017Assets 2018: $3,002,303Liabilities 2018: $98,930Net Assets 2018: $2,903,3732018Assets 2019: $4,161,233Liabilities 2019: $44,322Net Assets 2019: $4,116,9112019Assets 2020: $6,530,731Liabilities 2020: $47,892Net Assets 2020: $6,482,8392020Assets 2021: $8,332,983Liabilities 2021: $225,145Net Assets 2021: $8,107,8382021Assets 2022: $7,702,453Liabilities 2022: $309,651Net Assets 2022: $7,392,8022022Assets 2023: $6,966,900Liabilities 2023: $99,923Net Assets 2023: $6,866,9772023Assets 2024: $6,009,969Liabilities 2024: $80,397Net Assets 2024: $5,929,5722024

Highlighted filing

2024

Assets$6,009,969
Liabilities$80,397
Net Assets$5,929,572
Open 2024 Filing

Operations Trend

Revenue Growth33rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,168,5982011Revenue 2012: $2,155,013Expenses 2012: $1,259,078Net Income 2012: $895,9352012Revenue 2013: $1,877,374Expenses 2013: $1,517,321Net Income 2013: $360,0532013Revenue 2014: $1,402,414Expenses 2014: $1,626,958Net Income 2014: -$224,5442014Revenue 2015: $1,374,953Expenses 2015: $1,557,097Net Income 2015: -$182,1442015Revenue 2016: $1,610,053Expenses 2016: $1,565,974Net Income 2016: $44,0792016Revenue 2017: $1,597,328Expenses 2017: $1,720,275Net Income 2017: -$122,9472017Revenue 2018: $1,683,412Expenses 2018: $1,756,253Net Income 2018: -$72,8412018Revenue 2019: $2,871,326Expenses 2019: $1,706,269Net Income 2019: $1,165,0572019Revenue 2020: $4,608,355Expenses 2020: $1,944,203Net Income 2020: $2,664,1522020Revenue 2021: $3,172,625Expenses 2021: $2,177,312Net Income 2021: $995,3132021Revenue 2022: $2,241,282Expenses 2022: $2,371,225Net Income 2022: -$129,9432022Revenue 2023: $1,822,859Expenses 2023: $2,560,337Net Income 2023: -$737,4782023Revenue 2024: $1,808,688Expenses 2024: $2,739,589Net Income 2024: -$930,9012024

Highlighted filing

2024

Revenue$1,808,688
Expenses$2,739,589
Net Income-$930,901
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$6,009,969
Liabilities
$80,397
Net assets
$5,929,572
Revenue
$1,808,688
Expenses
$2,739,589
Net income
-$930,901
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.01$0.08$5.93$1.81$2.74$0.93
2023Detailed filing. Detailed filing data is available for this year.$6.97$0.10$6.87$1.82$2.56$0.74
2022Detailed filing. Detailed filing data is available for this year.$7.70$0.31$7.39$2.24$2.37$0.13
2021Detailed filing. Detailed filing data is available for this year.$8.33$0.23$8.11$3.17$2.18$1.00
2020Detailed filing. Detailed filing data is available for this year.$6.53$0.05$6.48$4.61$1.94$2.66
2019Detailed filing. Detailed filing data is available for this year.$4.16$0.04$4.12$2.87$1.71$1.17
2018Detailed filing. Detailed filing data is available for this year.$3.00$0.10$2.90$1.68$1.76$0.07
2017Detailed filing. Detailed filing data is available for this year.$3.08$0.10$2.98$1.60$1.72$0.12
2016Detailed filing. Detailed filing data is available for this year.$3.22$0.12$3.10$1.61$1.57$0.04
2015Detailed filing. Detailed filing data is available for this year.$3.18$0.12$3.06$1.37$1.56$0.18
2014Detailed filing. Detailed filing data is available for this year.$3.37$0.13$3.24$1.40$1.63$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.62$0.16$3.46$1.88$1.52$0.36
2012Summary only. Only limited summary data is available for this year.$3.25$0.15$3.10$2.16$1.26$0.90
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.17$2.21$1.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 22, 2025
Return Version
2023v6.0
Gross Receipts
$5,582,282
Mission and Program Overview

Mission

St. Thomas more academy provides a classical college-preparatory high school curriculum for grades 9 through 12 that fully participates in the roman catholic tradition.

St. Thomas more academy provides a classical college-preparatory curriculum for grades 9-12 that fully participates in the roman catholic tradition.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,884,032$5,518,494▼ $365,538
Investments Other Securities$994,589$0▼ $994,589
Cash and Non-Interest-Bearing Accounts$68,418$461,166▲ $392,748
Accounts Receivable$4,469$12,914▲ $8,445
Total Assets$6,966,900$6,009,969▼ $956,931
Other Assets Total$15,392$17,395▲ $2,003
Liabilities
Deferred Revenue$84,100$55,161▼ $28,939
Accounts Payable and Accrued Expenses$15,823$25,236▲ $9,413
Total Liabilities$99,923$80,397▼ $19,526
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,866,977$5,929,572▼ $937,405
Total Net Assets Fund Balance$6,866,977$5,929,572▼ $937,405
Total Liabilities and Net Assets / Fund Balance$6,966,900$6,009,969▼ $956,931

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,675,433$3,075,443$7,750,876
Equipment$406,317$1,076,522$1,482,839
Land$417,816-$417,816
Leasehold Improvements$18,928$14,720$33,648
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bradley E WatkinsHeadmasterFT$111,969$4,898$116,867

Board Members and Trustees

NameTitle
Robert L LuddyPresident
Randolph L LuddyDirector
William H Francis JrCorporate Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$108,115
Program Service Revenue
$1,648,292
Investment Income
$52,281
Other Revenue
$0
All Other Contributions
$108,115
Change in Net Assets
$-930,901
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,431,649
Other Expenses$1,163,226
Grants and Similar Amounts Paid$144,714
Total Fundraising Expense$7,906
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,138,321--$1,138,321
Depreciation Depletion$530,832--$530,832
Current Officers, Directors, Trustees, and Key Employees-$119,542-$119,542
Grants to Domestic Individuals$114,714--$114,714
Payroll Taxes$91,781$6,480-$98,261
Occupancy$87,090--$87,090
Fees for Services Other-$71,509-$71,509
Other Employee Benefits$51,899--$51,899
Information Technology$34,116$11,372-$45,488
Office Expenses$31,563$10,056-$41,619
Foreign Grants$30,000--$30,000
Pension Plan Contributions$23,626--$23,626
Insurance$21,101--$21,101
Fees for Services Management-$11,495-$11,495
Other Expenses$5,282$5,282-$10,564
Fees for Services Accounting-$8,200-$8,200
Advertising--$7,906$7,906
Travel$1,418$1,418-$2,836
All Other Expenses$770$85-$855
Total Functional Expenses$2,437,986$293,697$7,906$2,739,589
International Activity

International Summary

Offices
0
Employees
0
Spending
$30,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeGrantmaking-00$30,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-ENTITY MORE THAN 35% OWNED BY ROBERT L. LUDDY, DIRECTORHealth Ins./retirement PlansNo$95,334
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Robert l. Luddy and randolph l. Luddy - family relationship”

Form 990, Part VI, Section B, Line 11B

“Form 990 review process: the completed form 990 was reviewed by the finance officer, who discussed questions and issues with the tax preparer. The finance officer then reviewed the final form 990 with the chairman of the board of directors before filing electronically.”

Form 990, Part VI, Section B, Line 12C

“Monitoring conflicts of interest: annual conflict disclosures are required and are reviewed by the finance officer. Independently, during the accounts payable process, invoices are reviewed and any potential conflict of interest issues are resolved prior to payment.”

Form 990, Part VI, Section B, Line 15

“Process for determining compensation: the top management official of the school is the headmaster. Compensation was determined based upon review of compensation of similar positions at other private schools in the area, experience and seniority, along with evaluation of overall performance based on multiple issues, including a performance review prepared by the board of directors.”

Form 990, Part VI, Section C, Line 19

“Making information available to the public: documents are made available upon written request.”

Filing and Contact Details

Filer

Filer Name
St Thomas More Academy Inc
EIN
02-0624214
Phone
9198787640
Address
4641 PARAGON PARK ROAD, RALEIGH, NC 27616

Signing Officer

Name
William H Francis Jr
Title
Corporate Secretary
Phone
9198787640
Signed
2025-09-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William H Francis Jr
Formed
2002
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
42
Volunteers
46

Preparer

Firm
Batchelor Tillery & Roberts Llp
Address
3605 GLENWOOD AVENUE SUITE 350, RALEIGH, NC 27612
Preparer
Dawn O Whitt
Phone
9197878212
Raw XML AppendixShowing 400 of 430 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ST. THOMAS MORE ACADEMY PROVIDES A CLASSICAL COLLEGE-PREPARATORY CURRICULUM FOR GRADES 9-12 THAT FULLY PARTICIPATES IN THE ROMAN CATHOLIC TRADITION.
IRS990/AdvertisingGrp/FundraisingAmt07906
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IRS990/BooksInCareOfDetail/PhoneNum09198822410
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IRS990/BooksInCareOfDetail/USAddress/CityNm0RALEIGH
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IRS990/CYContributionsGrantsAmt0108115
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IRS990/Form990PartVIISectionAGrp/PersonNm3WILLIAM H FRANCIS JR
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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2HEADMASTER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CORPORATE SECRETARY
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IRS990/OperateHospitalInd00
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IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/ProgramServicesAmt230973
IRS990/OtherExpensesGrp/ProgramServicesAmt35282
IRS990/OtherExpensesGrp/TotalAmt0169525
IRS990/OtherExpensesGrp/TotalAmt1123233
IRS990/OtherExpensesGrp/TotalAmt230973
IRS990/OtherExpensesGrp/TotalAmt310564
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01138321
IRS990/OtherSalariesAndWagesGrp/TotalAmt01138321
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06480
IRS990/PayrollTaxesGrp/ProgramServicesAmt091781
IRS990/PayrollTaxesGrp/TotalAmt098261
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt023626
IRS990/PensionPlanContributionsGrp/TotalAmt023626
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0WILLIAM H FRANCIS JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT ACTIVITY FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01549497
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt198795
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01549497
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt198795
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0522900
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0112356
IRS990/PYInvestmentIncomeAmt0-187470
IRS990/PYOtherExpensesAmt01075231
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01487429
IRS990/PYRevenuesLessExpensesAmt0-737478
IRS990/PYSalariesCompEmpBnftPaidAmt01372750
IRS990/PYTotalExpensesAmt02560337
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01822859
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-930901
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01648292
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt04675433
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03075443
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07750876
IRS990ScheduleD/EquipmentGrp/BookValueAmt0406317
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01076522
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01482839
IRS990ScheduleD/LandGrp/BookValueAmt0417816
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0417816
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt018928
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt014720
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt033648
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05518494
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ST. THOMAS MORE ACADEMY PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER ADS AND RECRUITMENT MATERIALS USED IN SOLICITING STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt030000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTMAKING
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt030000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0FINANCIAL ASSISTANCE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0EUROPE/ICELAND/GREENLAND
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0BOOK
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt030000
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0PROCEDURES FOR MONITORING THE USE OF GRANTS OUTSIDE THE UNITED STATES: THE ORGANIZATION MADE A GRANT TO ITS SISTER SCHOOL IN AUSTRIA. THE ORGANIZATION MONITORS THE USE OF THE GRANT BY RECEIVING QUARTERLY UPDATES AS WELL AS AN ANNUAL REPORT FROM THE SCHOOL. IN ADDITION, A REPRESENTATIVE OF THE CATHOLIC CHURCH IN THE U.S. VISITS THE SCHOOL ON AT LEAST AN ANNUAL BASIS AND PROVIDES AN INDEPENDENT EVALUATION OF OPERATIONS.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PART 1, LINE 2
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt030000
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt098864
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt115850
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1COLLEGE SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt022
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt16
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: THE SCHOOL USES AN OUTSIDE SERVICE TO COLLECT AND PROCESS FINANCIAL INFORMATION PROVIDED BY APPLICANTS. THIS SERVICE IS PROVIDED BY FACTS GRANT & AID. APPLICANTS SUBMIT THEIR FAMILY FINANCIAL INFORMATION TO FACTS FOR PROCESSING. A SUMMARY REPORT OF THIS INFORMATION IS SENT TO THE SCHOOL. WHEN THIS REPORT IS RECEIVED, THE FINANCIAL AID COMMITTEE REVIEWS THE REPORT AND MAKES AWARDS CONSIDERING THE INFORMATION PROVIDED IN THAT REPORT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART I, LINE 2
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0CAPTIVE-AIR SYSTEMS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0ENTITY MORE THAN 35% OWNED BY ROBERT L. LUDDY, DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt095334
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0HEALTH INS./RETIREMENT PLANS
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0CAPTIVE-AIRE SYSTEMS, INC. IS 100% OWNED BY ROBERT L. LUDDY, A DIRECTOR OF ST. THOMAS MORE ACADEMY, INC. THE TEACHERS OF ST. THOMAS MORE ACADEMY, INC. PARTICIPATE IN HEALTH INSURANCE AND RETIREMENT PLANS ADMINISTERED BY CAPTIVE-AIRE SYSTEMS, INC.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART IV DESCRIPTION OF TRANSACTION:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROBERT L. LUDDY AND RANDOLPH L. LUDDY - FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 REVIEW PROCESS: THE COMPLETED FORM 990 WAS REVIEWED BY THE FINANCE OFFICER, WHO DISCUSSED QUESTIONS AND ISSUES WITH THE TAX PREPARER. THE FINANCE OFFICER THEN REVIEWED THE FINAL FORM 990 WITH THE CHAIRMAN OF THE BOARD OF DIRECTORS BEFORE FILING ELECTRONICALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MONITORING CONFLICTS OF INTEREST: ANNUAL CONFLICT DISCLOSURES ARE REQUIRED AND ARE REVIEWED BY THE FINANCE OFFICER. INDEPENDENTLY, DURING THE ACCOUNTS PAYABLE PROCESS, INVOICES ARE REVIEWED AND ANY POTENTIAL CONFLICT OF INTEREST ISSUES ARE RESOLVED PRIOR TO PAYMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROCESS FOR DETERMINING COMPENSATION: THE TOP MANAGEMENT OFFICIAL OF THE SCHOOL IS THE HEADMASTER. COMPENSATION WAS DETERMINED BASED UPON REVIEW OF COMPENSATION OF SIMILAR POSITIONS AT OTHER PRIVATE SCHOOLS IN THE AREA, EXPERIENCE AND SENIORITY, ALONG WITH EVALUATION OF OVERALL PERFORMANCE BASED ON MULTIPLE ISSUES, INCLUDING A PERFORMANCE REVIEW PREPARED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MAKING INFORMATION AVAILABLE TO THE PUBLIC: DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06966900
IRS990/TotalAssetsEOYAmt06009969
IRS990/TotalAssetsGrp/BOYAmt06966900
IRS990/TotalAssetsGrp/EOYAmt06009969
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0108115
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07906
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0293697
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02437986
IRS990/TotalFunctionalExpensesGrp/TotalAmt02739589
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt099923
IRS990/TotalLiabilitiesEOYAmt080397
IRS990/TotalLiabilitiesGrp/BOYAmt099923
IRS990/TotalLiabilitiesGrp/EOYAmt080397
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06866977
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05929572
IRS990/TotalOtherCompensationAmt04898
IRS990/TotalProgramServiceExpensesAmt02437986
IRS990/TotalProgramServiceRevenueAmt01648292
IRS990/TotalReportableCompFromOrgAmt0111969
IRS990/TotalRevenueGrp/ExclusionAmt052281
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01648292
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01808688
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt046
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06966900
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06009969
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01418
IRS990/TravelGrp/ProgramServicesAmt01418
IRS990/TravelGrp/TotalAmt02836
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04641 PARAGON PARK ROAD
IRS990/USAddress/CityNm0RALEIGH
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027616
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03

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