Civic Intelligence

St. Thomas More Academy Inc.

990 • Fiscal year 2013 • EIN 02-0624214

Jul 01, 2012 to Jun 30, 2013 • Filed on May 14, 2014

Organization ProfileWWW.STMACADEMY.ORG
4641 Paragon Park RoadSuiteRaleigh, NC 27616
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

37th percentile

0.04x

Higher debt load relative to assets than 37% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

46th percentile

0.09x

Higher debt load relative to revenue than 46% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

77th percentile

19%

Higher net margin than 77% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

73rd percentile

12%

Faster asset growth than 73% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

18th percentile

-13%

Faster revenue growth than 18% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$3,624,395

Up $374,338 (+12%) from 2012

Net Assets

Up

$3,461,770

Up $360,053 (+12%) from 2012

Liabilities

Up

$162,625

Up $14,285 (+9.6%) from 2012

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin77th percentile

Revenue

Down

$1,877,374

Down $277,639 (-13%) from 2012

Expenses

Up

$1,517,321

Up $258,243 (+21%) from 2012

Net Income

Down

$360,053

Down $535,882 (-60%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2013

Assets$3,624,395
Liabilities$162,625
Net Assets$3,461,770
Open 2013 Filing

Operations Trend

Revenue Growth18th percentile

Revenue, expenses, and net income across loaded years, with this 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

2013

Revenue$1,877,374
Expenses$1,517,321
Net Income$360,053
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 14, 2014
Return Version
2012v2.3
Gross Receipts
$1,877,374
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.

Filing and Contact Details

Filer

EIN
02-0624214
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0MANAGEMENT OF THE SCHOOL DOES NOT BELIEVE THE FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. TAX YEARS ENDED JUNE 30, 2010 THROUGH JUNE 30, 2013 REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES AS OF THE DATE OF THIS REPORT.
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IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0FINANCIAL ASSISTANCE
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0The 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.
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IRS990ScheduleO/GeneralExplanation/Explanation0The 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/GeneralExplanation/Explanation1Annual 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/GeneralExplanation/Explanation2The 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/GeneralExplanation/Explanation3Documents are made available upon written request.
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IRS990ScheduleO/GeneralExplanation/Identifier2PROCESS FOR DETERMINING COMPENSATION
IRS990ScheduleO/GeneralExplanation/Identifier3MAKING INFORMATION AVAILABLE TO THE PUBLIC
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IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI - SECTION C, LINE 19:
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IRS990/TemporarilyRestrictedNetAssets/EOY00
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine104641 PARAGON PARK ROAD
IRS990/TheBooksAreInCareOf/AddressUS/City0RALEIGH
IRS990/TheBooksAreInCareOf/AddressUS/State0NC
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode027616
IRS990/TheBooksAreInCareOf/NamePerson0WILLIAM H FRANCIS JR
IRS990/TheBooksAreInCareOf/TelephoneNumber09198822410
IRS990/TotalAssets/BOY03250057
IRS990/TotalAssetsBOY03250057
IRS990/TotalAssets/EOY03624395
IRS990/TotalAssetsEOY03624395
IRS990/TotalCompGT150K0false
IRS990/TotalContributions0861749
IRS990/TotalExpensesCurrentYear01517321
IRS990/TotalExpensesPriorYear01259078
IRS990/TotalFunctionalExpenses/Fundraising01123
IRS990/TotalFunctionalExpenses/ManagementAndGeneral080562
IRS990/TotalFunctionalExpenses/ProgramServices01435636
IRS990/TotalFunctionalExpenses/Total01517321
IRS990/TotalFundrsngExpCurrentYear01123
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY0148340
IRS990/TotalLiabilitiesBOY0148340
IRS990/TotalLiabilities/EOY0162625
IRS990/TotalLiabilitiesEOY0162625
IRS990/TotalLiabNetAssetsFundBalances/BOY03250057
IRS990/TotalLiabNetAssetsFundBalances/EOY03624395

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$3,624,395
Liabilities
$162,625
Net assets
$3,461,770
Revenue
$1,877,374
Expenses
$1,517,321
Net income
$360,053
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