Civic Intelligence

Richard Milburn Academy Texas Inc.

EIN 06-1585988 • 501(c)3 • News Braunfels, TX

Pub. 78 Eligible

Profile

Charter school - richard milburn acadamy/texas, inc. Operates public charter high schools that offer students the opportunity to get back on track, improve grades, and earn their diploma in a nontraditional learning environment.

PO Box 310618News Braunfels, TX 78131

www.rmacademy.org

Siviq Scores

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

Liabilities / Assets

68th percentile

0.37x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

68th percentile

0.50x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

56th percentile

7.0%

Higher net margin than 56% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

33rd percentile

0.2%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

17th percentile

-12%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$25,205,706

Up $1,356,218 (+5.7%) from 2023

Liabilities

Up

$10,137,827

Up $1,285,621 (+15%) from 2023

Net Assets

Up

$15,067,879

Up $70,597 (+0.5%) from 2023

Operations
Liabilities / Revenue68th percentileNet Margin56th percentile

Revenue

Up

$18,089,346

Up $333,416 (+1.9%) from 2023

Expenses

Up

$18,018,749

Up $1,511,888 (+9.2%) from 2023

Net Income

Down

$70,597

Down $1,178,472 (-94%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth33rd percentile

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

$30M$20M$10M$0Assets 2011: $2,083,560Liabilities 2011: $1,032,505Net Assets 2011: $1,051,0552011Assets 2012: $1,864,073Liabilities 2012: $1,187,077Net Assets 2012: $676,9962012Assets 2013: $1,355,273Liabilities 2013: $1,354,343Net Assets 2013: $9302013Assets 2014: $3,126,538Liabilities 2014: $1,550,389Net Assets 2014: $1,576,1492014Assets 2015: $5,615,264Liabilities 2015: $785,481Net Assets 2015: $4,829,7832015Assets 2016: $6,092,792Liabilities 2016: $1,285,990Net Assets 2016: $4,806,8022016Assets 2017: $8,450,834Liabilities 2017: $3,504,844Net Assets 2017: $4,945,9902017Assets 2018: $13,454,700Liabilities 2018: $6,814,741Net Assets 2018: $6,639,9592018Assets 2019: $15,675,843Liabilities 2019: $7,812,419Net Assets 2019: $7,863,4242019Assets 2020: $18,351,958Liabilities 2020: $9,113,703Net Assets 2020: $9,238,2552020Assets 2021: $21,680,189Liabilities 2021: $10,476,052Net Assets 2021: $11,204,1372021Assets 2022: $23,805,381Liabilities 2022: $10,057,168Net Assets 2022: $13,748,2132022Assets 2023: $23,849,488Liabilities 2023: $8,852,206Net Assets 2023: $14,997,2822023Assets 2024: $25,205,706Liabilities 2024: $10,137,827Net Assets 2024: $15,067,8792024

Highlighted filing

2024

Assets$25,205,706
Liabilities$10,137,827
Net Assets$15,067,879
Open 2024 Filing

Operations Trend

Revenue Growth17th percentile

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

$30M$20M$10M$0-$10MRevenue 2011: $8,459,412Expenses 2011: $8,910,518Net Income 2011: -$451,1062011Expenses 2012: $9,029,2962012Revenue 2013: $8,365,164Expenses 2013: $9,041,230Net Income 2013: -$676,0662013Revenue 2014: $9,667,525Expenses 2014: $8,092,306Net Income 2014: $1,575,2192014Revenue 2015: $15,138,471Expenses 2015: $12,877,453Net Income 2015: $2,261,0182015Revenue 2016: $17,606,195Expenses 2016: $17,629,176Net Income 2016: -$22,9812016Revenue 2017: $20,114,932Expenses 2017: $19,975,744Net Income 2017: $139,1882017Revenue 2018: $19,361,042Expenses 2018: $17,667,073Net Income 2018: $1,693,9692018Revenue 2019: $18,793,478Expenses 2019: $17,570,013Net Income 2019: $1,223,4652019Revenue 2020: $19,713,102Expenses 2020: $18,338,271Net Income 2020: $1,374,8312020Revenue 2021: $17,499,287Expenses 2021: $15,533,405Net Income 2021: $1,965,8822021Revenue 2022: $20,259,262Expenses 2022: $17,715,186Net Income 2022: $2,544,0762022Revenue 2023: $17,755,930Expenses 2023: $16,506,861Net Income 2023: $1,249,0692023Revenue 2024: $18,089,346Expenses 2024: $18,018,749Net Income 2024: $70,5972024

Highlighted filing

2024

Revenue$18,089,346
Expenses$18,018,749
Net Income$70,597
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,205,706
Liabilities
$10,137,827
Net assets
$15,067,879
Revenue
$18,089,346
Expenses
$18,018,749
Net income
$70,597
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$25.2$10.1$15.1$18.1$18.0$0.07
2023Detailed filing. Detailed filing data is available for this year.$23.8$8.85$15.0$17.8$16.5$1.25
2022Detailed filing. Detailed filing data is available for this year.$23.8$10.1$13.7$20.3$17.7$2.54
2021Detailed filing. Detailed filing data is available for this year.$21.7$10.5$11.2$17.5$15.5$1.97
2020Detailed filing. Detailed filing data is available for this year.$18.4$9.11$9.24$19.7$18.3$1.37
2019Detailed filing. Detailed filing data is available for this year.$15.7$7.81$7.86$18.8$17.6$1.22
2018Detailed filing. Detailed filing data is available for this year.$13.5$6.81$6.64$19.4$17.7$1.69
2017Detailed filing. Detailed filing data is available for this year.$8.45$3.50$4.95$20.1$20.0$0.14
2016Detailed filing. Detailed filing data is available for this year.$6.09$1.29$4.81$17.6$17.6$0.02
2015Detailed filing. Detailed filing data is available for this year.$5.62$0.79$4.83$15.1$12.9$2.26
2014Summary only. Only limited summary data is available for this year.$3.13$1.55$1.58$9.67$8.09$1.58
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$1.35$0.00$8.37$9.04$0.68
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$1.19$0.68$9.03
2011Summary only. Only limited summary data is available for this year.$2.08$1.03$1.05$8.46$8.91$0.45
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$18,089,346
Mission and Program Overview

Mission

Charter school - richard milburn acadamy/texas, inc. Operates public charter high schools that offer students the opportunity to get back on track, improve grades, and earn their diploma in a nontraditional learning environment.

Empowering students to graduate, prepared to exceed all expectations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,653,870$17,011,725▲ $4,357,855
Cash and Non-Interest-Bearing Accounts$6,721,412$4,878,058▼ $1,843,354
Accounts Receivable$2,574,490$2,325,242▼ $249,248
Savings and Temporary Cash Investments$773,312$792,329▲ $19,017
Total Assets$23,849,488$25,205,706▲ $1,356,218
Other Assets Total$1,126,404$198,352▼ $928,052
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,148,493$9,374,387▲ $2,225,894
Other Liabilities$915,527--
Accounts Payable and Accrued Expenses$788,186$763,440▼ $24,746
Total Liabilities$8,852,206$10,137,827▲ $1,285,621
Net Assets / Fund Balance
Net Assets With Donor Restrictions$13,989,938$13,932,931▼ $57,007
Net Assets Without Donor Restrictions$1,007,344$1,134,948▲ $127,604
Total Net Assets Fund Balance$14,997,282$15,067,879▲ $70,597
Total Liabilities and Net Assets / Fund Balance$23,849,488$25,205,706▲ $1,356,218

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,060,965$2,342,343$18,403,308
Equipment$8,775$2,112,731$2,121,506
Land$941,985-$941,985
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Armard AndersonSuperintendeFT$203,817$203,817
Armard AndersonSuperintendent-$203,817$203,817
Carl TantonExecutive DiFT$109,322$109,322
Tammy PadillaFinancial ofFT$108,568$108,568

Board Members and Trustees

NameTitle
Mr Robert ClemonsPresident
Dr Francis White2nd Vice Pre
Mrs Mirza Mirely PearsonSecretary
Ms Rose ThompsonTreasurer
Mr Donald NemecVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$18,066,114
Investment Income
$23,232
Other Revenue
$0
Change in Net Assets
$70,597

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,089,346
Total Revenue per Audited Statements
$18,089,346
Total Revenue per Form 990
$18,089,346
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,481,184
Other Expenses$6,537,565
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,498,919$1,391,988-$8,890,907
Occupancy$144,578$2,169,855-$2,314,433
Fees for Services Other$840,586$540,474-$1,381,060
Other Employee Benefits$657,220$172,860-$830,080
Pension Plan Contributions$709,674$111,003-$820,677
Payroll Taxes$616,140$119,563-$735,703
Information Technology$469,415$117,161-$586,576
Depreciation Depletion$492,220$51,356-$543,576
Interest-$390,906-$390,906
Travel$194,517$120,342-$314,859
Insurance$8,774$244,535-$253,309
Current Officers, Directors, Trustees, and Key Employees$61,145$142,672-$203,817
Fees for Services Accounting-$80,000-$80,000
Fees for Services Legal-$15,689-$15,689
Office Expenses$5,002$1,816-$6,818
Other Expenses$781$223,932-$781
Total Functional Expenses$12,124,597$5,894,152$0$18,018,749

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$18,018,749
Total Expenses per Audited Statements$18,018,749
Total Expenses per Form 990$18,018,749
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 11B

“The superintendent and the cfo review form 990 prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Board members are required to report conflicts of interest as they become apparent.”

Form 990, Page 6, Part VI, Line 19

“The governing documents, conflict of interest policy, and financial statements are available on the richard milburn academy/texas website and also upon request.”

Filing and Contact Details

Filer

Filer Name
Richard Milburn Academytexas Inc
EIN
06-1585988
Phone
8305576181
Address
PO BOX 310618, NEWS BRAUNFELS, TX 78131

Signing Officer

Name
Armard Anderson
Title
Superintendent
Phone
8305576181
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Armard Anderson
Formed
2000
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
451

Preparer

Firm
Paul J Christensen & Associates LLC
Address
2110 AUSTIN AVE, WACO, TX 76701
Preparer
Paul J Christensen CPA
Phone
2547523436
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The charter holder is exempt from federal income tax under section 501(c) (3) of the internal revenue code, except to the extent it has unrelated business taxable income. The charter holder has no material unrelated business income for the year ended june 30, 2024. Generally accepted accounting principles requires that the charter holder recognize in its financial statements the financial effects of a tax position, if that position is more likely than not of being sustained upon examination, including resolution of any appeals or litigation processes, based upon the technical merits of the tax position. The new requirements also provide guidance on measurement, classification, interest and penalties, and disclosure. Tax positions taken related to the charter holder's tax exempt status, unrelated business activities taxable income and deductibility of expenses and other miscellaneous tax positions have been reviewed, and management is of the opinion that material positions taken would more likely than not be sustained by examination. Accordingly, the charter holder has not recorded an income tax liability for uncertain tax benefits. For the year ended june 30, 2024 and 2023, there were no interest or penalties related to income taxes recorded or included in the financial statements. As of june 30, 2023, the charter holder's tax years 2020 through 2023 remain subject to examination.”

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CHARTER HOLDER IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS TAXABLE INCOME. THE CHARTER HOLDER HAS NO MATERIAL UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2024. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRES THAT THE CHARTER HOLDER RECOGNIZE IN ITS FINANCIAL STATEMENTS THE FINANCIAL EFFECTS OF A TAX POSITION, IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS OF THE TAX POSITION. THE NEW REQUIREMENTS ALSO PROVIDE GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. TAX POSITIONS TAKEN RELATED TO THE CHARTER HOLDER'S TAX EXEMPT STATUS, UNRELATED BUSINESS ACTIVITIES TAXABLE INCOME AND DEDUCTIBILITY OF EXPENSES AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED, AND MANAGEMENT IS OF THE OPINION THAT MATERIAL POSITIONS TAKEN WOULD MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION. ACCORDINGLY, THE CHARTER HOLDER HAS NOT RECORDED AN INCOME TAX LIABILITY FOR UNCERTAIN TAX BENEFITS. FOR THE YEAR ENDED JUNE 30, 2024 AND 2023, THERE WERE NO INTEREST OR PENALTIES RELATED TO INCOME TAXES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. AS OF JUNE 30, 2023, THE CHARTER HOLDER'S TAX YEARS 2020 THROUGH 2023 REMAIN SUBJECT TO EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt018018749
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL PROMOTIONAL MATERIAL WRITTEN AS WELL AS ORAL CONTAIN LANGUAGE EMPHASIZING THAT THE ACADEMY IS RACIALLY NONDISCRIMINATORY BOTH IN ACCEPTANCE OF STUDENTS AS WELL AS EMPLOYEES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1REVENUES ARE RECEIVED FROM THE STATE OF TEXAS UNDER THE FOUNDATION SCHOOL PROGRAM AND THE FEDERAL GOVERNMENT TITLE I-V PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ARMARD ANDERSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SUPERINTENDENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SUPERINTENDENT AND THE CFO REVIEW FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO REPORT CONFLICTS OF INTEREST AS THEY BECOME APPARENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE RICHARD MILBURN ACADEMY/TEXAS WEBSITE AND ALSO UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ARMARD ANDERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SUPERINTENDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RICHARD MILBURN ACADEMYTEXAS INC
ReturnHeader/Filer/BusinessNameControlTxt0RICH
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ReturnHeader/Filer/USAddress/CityNm0NEWS BRAUNFELS
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PAUL J CHRISTENSEN & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02110 AUSTIN AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WACO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076701
ReturnHeader/PreparerPersonGrp/PhoneNum02547523436
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL J CHRISTENSEN CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-08T15:02:50-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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