Civic Intelligence

St. Thomas More Academy Inc.

990 • Fiscal year 2019 • EIN 02-0624214

Jul 01, 2018 to Jun 30, 2019 • Filed on May 13, 2020

Organization ProfileWWW.STMACADEMY.ORG
4641 Paragon Park RoadRaleigh, NC 27616

(919) 878-7640

Siviq Scores

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

Liabilities / Assets

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

26th percentile

0.02x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

88th percentile

41%

Higher net margin than 88% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

65th percentile

$93,417

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

88th percentile

39%

Faster asset growth than 88% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

91st percentile

71%

Faster revenue growth than 91% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$4,161,233

Up $1,158,930 (+39%) from 2018

Net Assets

Up

$4,116,911

Up $1,213,538 (+42%) from 2018

Liabilities

Down

$44,322

Down $54,608 (-55%) from 2018

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin88th percentile

Revenue

Up

$2,871,326

Up $1,187,914 (+71%) from 2018

Expenses

Down

$1,706,269

Down $49,984 (-2.8%) from 2018

Net Income

Up

$1,165,057

Up $1,237,898 (+1699%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth88th 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

2019

Assets$4,161,233
Liabilities$44,322
Net Assets$4,116,911
Open 2019 Filing

Operations Trend

Revenue Growth91st 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

2019

Revenue$2,871,326
Expenses$1,706,269
Net Income$1,165,057
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 13, 2020
Return Version
2018v3.1
Gross Receipts
$3,088,876
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$2,957,166$2,850,217▼ $106,949
Investments Other Securities-$1,247,974-
Cash and Non-Interest-Bearing Accounts$34,450$41,797▲ $7,347
Accounts Receivable$8,757$19,315▲ $10,558
Total Assets$3,002,303$4,161,233▲ $1,158,930
Other Assets Total$1,930$1,930→ $0
Liabilities
Deferred Revenue$43,092$44,304▲ $1,212
Accounts Payable and Accrued Expenses$55,838$18▼ $55,820
Total Liabilities$98,930$44,322▼ $54,608
Net Assets / Fund Balance
Unrestricted Net Assets$2,903,373$4,116,911▲ $1,213,538
Total Net Assets Fund Balance$2,903,373$4,116,911▲ $1,213,538
Total Liabilities and Net Assets / Fund Balance$3,002,303$4,161,233▲ $1,158,930

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,198,659$1,425,868$3,624,527
Equipment$203,803$686,206$890,009
Land$417,816-$417,816
Leasehold Improvements$29,939$3,709$33,648
Other Securities$571,300--
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bradley E WatkinsHeadmasterFT$87,784$5,633$93,417

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$1,596,550
Program Service Revenue
$1,245,177
Investment Income
$29,599
Other Revenue
$0
All Other Contributions
$1,596,550
Change in Net Assets
$1,165,057

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$1,196,550Stock Quote
Total Noncash Contributions1$1,196,550-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$976,775
Other Expenses$583,310
Grants and Similar Amounts Paid$146,184
Total Fundraising Expense$4,281
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$731,086--$731,086
Depreciation Depletion$203,108$11,826-$214,934
Grants to Domestic Individuals$121,184--$121,184
Current Officers, Directors, Trustees, and Key Employees$47,552$47,553-$95,105
Other Employee Benefits$78,467--$78,467
Office Expenses$69,799$838-$70,637
Payroll Taxes$58,221$3,390-$61,611
Occupancy$30,941$1,802-$32,743
Foreign Grants$25,000--$25,000
Pension Plan Contributions$10,506--$10,506
Insurance$3,566$5,852-$9,418
Fees for Services Management-$8,165-$8,165
Fees for Services Accounting-$6,250-$6,250
Advertising--$4,281$4,281
Travel$1,977--$1,977
Other Expenses$1,278$4,573-$1,278
All Other Expenses$927$197-$1,124
Fees for Services Other-$397-$397
Total Functional Expenses$1,611,145$90,843$4,281$1,706,269
International Activity

International Summary

Offices
0
Employees
0
Spending
$25,000

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$25,000
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$211,698
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 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
2020-05-13
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
35
Volunteers
50

Preparer

Firm
Batchelor Tillery & Roberts Llp
Address
3605 GLENWOOD AVENUE SUITE 350, RALEIGH, NC 27612
Preparer
Ronald a Batchelor
Phone
9197878212
Raw XML AppendixShowing 400 of 453 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.

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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01165057
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01245177
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/BookValueAmt02198659
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01425868
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03624527
IRS990ScheduleD/EquipmentGrp/BookValueAmt0203803
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0686206
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0890009
IRS990ScheduleD/LandGrp/BookValueAmt0417816
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0417816
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt029939
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03709
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt033648
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0243474
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1433200
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2571300
IRS990ScheduleD/OtherSecuritiesGrp/Desc02,500 SHS MEDTRONIC
IRS990ScheduleD/OtherSecuritiesGrp/Desc110,000 SHS PFIZER INC.
IRS990ScheduleD/OtherSecuritiesGrp/Desc210,000 SHS VERIZON COMMUNICATIONS, INC.
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02850217
IRS990ScheduleD/TotalBookValueSecuritiesAmt01247974
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/RegionTotalExpendituresAmt025000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTMAKING
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt025000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0FINANCIAL ASSISTANCE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0EUROPE/ICELAND/GREENLAND
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0BOOK
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt025000
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/TotalSpentAmt025000
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0101184
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt120000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1COLLEGE SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt041
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt18
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/TransactionAmt0211698
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:
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0STOCK QUOTE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt01196550
IRS990ScheduleM/ThirdPartiesUsedInd00
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/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03002303
IRS990/TotalAssetsEOYAmt04161233
IRS990/TotalAssetsGrp/BOYAmt03002303
IRS990/TotalAssetsGrp/EOYAmt04161233
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01596550
IRS990/TotalEmployeeCnt035
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04281
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt090843
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01611145
IRS990/TotalFunctionalExpensesGrp/TotalAmt01706269
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt098930
IRS990/TotalLiabilitiesEOYAmt044322
IRS990/TotalLiabilitiesGrp/BOYAmt098930
IRS990/TotalLiabilitiesGrp/EOYAmt044322
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02903373
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04116911
IRS990/TotalOtherCompensationAmt05633
IRS990/TotalProgramServiceExpensesAmt01611145
IRS990/TotalProgramServiceRevenueAmt01245177
IRS990/TotalReportableCompFromOrgAmt087784
IRS990/TotalRevenueGrp/ExclusionAmt029599
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01245177
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02871326
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,161,233
Liabilities
$44,322
Net assets
$4,116,911
Revenue
$2,871,326
Expenses
$1,706,269
Net income
$1,165,057
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