Civic Intelligence

St. Thomas More Academy Inc.

990 • Fiscal year 2018 • EIN 02-0624214

Jul 01, 2017 to Jun 30, 2018 • Filed on May 09, 2019

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

37th percentile

0.03x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

41st percentile

0.06x

Higher debt load relative to revenue than 41% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

29th percentile

-4.3%

Higher net margin than 29% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

64th percentile

$90,137

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

34th percentile

-2.5%

Faster asset growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

54th percentile

5.4%

Faster revenue growth than 54% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets37th percentile

Assets

Down

$3,002,303

Down $75,742 (-2.5%) from 2017

Net Assets

Down

$2,903,373

Down $72,841 (-2.4%) from 2017

Liabilities

Down

$98,930

Down $2,901 (-2.8%) from 2017

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin29th percentile

Revenue

Up

$1,683,412

Up $86,084 (+5.4%) from 2017

Expenses

Up

$1,756,253

Up $35,978 (+2.1%) from 2017

Net Income

Up

-$72,841

Up $50,106 (+41%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth34th 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

2018

Assets$3,002,303
Liabilities$98,930
Net Assets$2,903,373
Open 2018 Filing

Operations Trend

Revenue Growth54th 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

2018

Revenue$1,683,412
Expenses$1,756,253
Net Income-$72,841
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 9, 2019
Return Version
2017v2.3
Gross Receipts
$1,683,412
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,042,569$2,957,166▼ $85,403
Cash and Non-Interest-Bearing Accounts$15,552$34,450▲ $18,898
Accounts Receivable$15,452$8,757▼ $6,695
Prepaid Expenses and Deferred Charges$2,542$0▼ $2,542
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$3,078,045$3,002,303▼ $75,742
Other Assets Total$1,930$1,930→ $0
Liabilities
Accounts Payable and Accrued Expenses$46,211$55,838▲ $9,627
Deferred Revenue$55,620$43,092▼ $12,528
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$101,831$98,930▼ $2,901
Net Assets / Fund Balance
Unrestricted Net Assets$2,976,214$2,903,373▼ $72,841
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$2,976,214$2,903,373▼ $72,841
Total Liabilities and Net Assets / Fund Balance$3,078,045$3,002,303▼ $75,742

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,329,101$1,273,291$3,602,392
Equipment$197,458$625,904$823,362
Land$417,816-$417,816
Leasehold Improvements$12,791$1,655$14,446
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bradley E WatkinsHeadmasterFT$85,183$4,954$90,137

Board Members and Trustees

NameTitle
Robert L LuddyPresident
John WilliamsDirector
William H Francis JrCorporate Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$480,109
Program Service Revenue
$1,203,303
Investment Income
$0
Other Revenue
$0
All Other Contributions
$480,109
Change in Net Assets
$-72,841
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,048,998
Other Expenses$572,812
Grants and Similar Amounts Paid$134,443
Total Fundraising Expense$12,555
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$813,224--$813,224
Depreciation Depletion$206,011$10,802-$216,813
Grants to Domestic Individuals$109,443--$109,443
Current Officers, Directors, Trustees, and Key Employees$47,043$47,044-$94,087
Payroll Taxes$64,935$3,405-$68,340
Other Employee Benefits$58,931--$58,931
Office Expenses$43,816$553-$44,369
Occupancy$25,881$1,357-$27,238
Foreign Grants$25,000--$25,000
Pension Plan Contributions$14,416--$14,416
Advertising--$12,555$12,555
Fees for Services Accounting-$12,200-$12,200
Fees for Services Management-$8,932-$8,932
Insurance$3,097$5,083-$8,180
Other Expenses$3,674$5,462-$3,674
Travel$2,105--$2,105
All Other Expenses-$257-$257
Fees for Services Other-$88-$88
Total Functional Expenses$1,648,515$95,183$12,555$1,756,253
International Activity

International Summary

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
Europe (Including Iceland and Greenland)Grantmaking---$25,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Captive-aire Systems IncENTITY MORE THAN 35% OWNED BY ROBERT L. LUDDY, DIRECTORHealth Ins./retirement PlansNo$127,558

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
Yes
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 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
In Care Of
% WILLIAM H FRANCIS JR
Phone
9198787640
Address
4641 PARAGON PARK ROAD, RALEIGH, NC 27616

Signing Officer

Name
William H Francis Jr
Title
Corporate Secretary
Phone
9198787640
Signed
2019-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William H Francis Jr
Formed
2002
Legal Domicile
Nc
Voting Board Members
2
Independent Board Members
2
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
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01930
IRS990/OtherAssetsTotalGrp/EOYAmt01930
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt058931
IRS990/OtherEmployeeBenefitsGrp/TotalAmt058931
IRS990/OtherExpensesGrp/Desc0STUDENT ACTIVITES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE AND REPAIRS
IRS990/OtherExpensesGrp/Desc2EDUCATIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc3STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05462
IRS990/OtherExpensesGrp/ProgramServicesAmt098162
IRS990/OtherExpensesGrp/ProgramServicesAmt1104170
IRS990/OtherExpensesGrp/ProgramServicesAmt228607
IRS990/OtherExpensesGrp/ProgramServicesAmt33674
IRS990/OtherExpensesGrp/TotalAmt098162
IRS990/OtherExpensesGrp/TotalAmt1109632
IRS990/OtherExpensesGrp/TotalAmt228607
IRS990/OtherExpensesGrp/TotalAmt33674
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0813224
IRS990/OtherSalariesAndWagesGrp/TotalAmt0813224
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03405
IRS990/PayrollTaxesGrp/ProgramServicesAmt064935
IRS990/PayrollTaxesGrp/TotalAmt068340
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt014416
IRS990/PensionPlanContributionsGrp/TotalAmt014416
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02542
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0WILLIAM H FRANCIS JR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT ACTIVITY FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01149828
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt153475
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01149828
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt153475
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0300000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0205881
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0590379
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01297328
IRS990/PYRevenuesLessExpensesAmt0-122947
IRS990/PYSalariesCompEmpBnftPaidAmt0924015
IRS990/PYTotalExpensesAmt01720275
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01597328
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-72841
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01203303
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02329101
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01273291
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03602392
IRS990ScheduleD/EquipmentGrp/BookValueAmt0197458
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0625904
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0823362
IRS990ScheduleD/LandGrp/BookValueAmt0417816
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0417816
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt012791
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01655
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt014446
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02957166
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ST. THOMAS MORE ACADEMY PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER ADS AND RECRUITMENT MATERIALS USED IN SOLICITING STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0PUBLICIZED RACIALLY NONDISCRIMINATORY POLICY
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt025000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Europe (Including Iceland and Greenland)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grantmaking
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt025000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0FINANCIAL ASSISTANCE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Europe (Including Iceland and Greenland)
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0BOOK
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
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 I, LINE 2
IRS990ScheduleF/TotalOtherOrgCnt01
IRS990ScheduleF/TotalSpentAmt025000
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt093943
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt115500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1COLLEGE SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt037
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/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0CAPTIVE-AIRE SYSTEMS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0ENTITY MORE THAN 35% OWNED BY ROBERT L. LUDDY, DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0127558
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/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 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/ExplanationTxt1MONITORING 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/ExplanationTxt2PROCESS 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/ExplanationTxt3MAKING INFORMATION AVAILABLE TO THE PUBLIC: Documents are made available upon written request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI - SECTION B, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI - SECTION B, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI - SECTION B, LINE 15:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI - SECTION C, LINE 19:
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03078045
IRS990/TotalAssetsEOYAmt03002303
IRS990/TotalAssetsGrp/BOYAmt03078045
IRS990/TotalAssetsGrp/EOYAmt03002303
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0480109

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,002,303
Liabilities
$98,930
Net assets
$2,903,373
Revenue
$1,683,412
Expenses
$1,756,253
Net income
-$72,841
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