Civic Intelligence

Richard Milburn Academy Texas Inc.

990 • Fiscal year 2016 • EIN 06-1585988

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 15, 2017

1263 Terminal LoopMcqueeney, TX 78123

(254) 759-1902

Siviq Scores

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

Liabilities / Assets

48th percentile

0.21x

Higher debt load relative to assets than 48% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

21st percentile

0.07x

Higher debt load relative to revenue than 21% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

36th percentile

-0.1%

Higher net margin than 36% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

30th percentile

$121,953

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

72nd percentile

8.5%

Faster asset growth than 72% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

77th percentile

16%

Faster revenue growth than 77% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$6,092,792

Up $477,528 (+8.5%) from 2015

Net Assets

Down

$4,806,802

Down $22,981 (-0.5%) from 2015

Liabilities

Up

$1,285,990

Up $500,509 (+64%) from 2015

Revenue

Up

$17,606,195

Up $2,467,724 (+16%) from 2015

Expenses

Up

$17,629,176

Up $4,751,723 (+37%) from 2015

Net Income

Down

-$22,981

Down $2,283,999 (-101%) from 2015

Historical Trend

Balance Sheet Trend

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

$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

2016

Assets$6,092,792
Liabilities$1,285,990
Net Assets$4,806,802

Operations Trend

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

2016

Revenue$17,606,195
Expenses$17,629,176
Net Income-$22,981
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 15, 2017
Return Version
2015v3.0
Gross Receipts
$17,606,195
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.

To operate charter schools that provide educational services to at risk students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$2,728,754$3,082,345▲ $353,591
Savings and Temporary Cash Investments-$2,738,302-
Land, Buildings, and Equipment, Net$341,535$275,284▼ $66,251
Prepaid Expenses and Deferred Charges$202,470--
Cash and Non-Interest-Bearing Accounts$2,342,505$-3,139▼ $2,345,644
Total Assets$5,615,264$6,092,792▲ $477,528
Liabilities
Accounts Payable and Accrued Expenses$223,004$1,285,990▲ $1,062,986
Other Liabilities$562,477--
Total Liabilities$785,481$1,285,990▲ $500,509
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$4,324,847-
Unrestricted Net Assets$4,829,783$481,955▼ $4,347,828
Total Net Assets Fund Balance$4,829,783$4,806,802▼ $22,981
Total Liabilities and Net Assets / Fund Balance$5,615,264$6,092,792▲ $477,528

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$239,861$1,554,352$1,794,213
Buildings$35,423$355,647$391,070
Compensation and Service Providers

Employees

NameTitleBaseTotal
Dr Norman HallSuperintende$121,953$121,953

Board Members and Trustees

NameTitle
Mr Ernest ChambersChairman/pre
Mr Michael PeeblesBoard Secret
Ms Rose ThompsonTreasurer
Dr Francis WhiteVice Preside
Mrs Betsy Hall BenderVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Jr3 Websmart LLCBack Office925 COLUMBUS, Waco, TX 76701$753,082
Revenue and Support

Revenue Composition

Contributions and Grants
$915,478
Program Service Revenue
$16,690,098
Investment Income
$619
Other Revenue
$0
All Other Contributions
$14,522
Change in Net Assets
$-22,981

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,606,195
Total Revenue per Audited Statements
$17,606,195
Total Revenue per Form 990
$17,606,195
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,722,403
Other Expenses$6,906,773
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,820,493$3,274,028-$9,094,521
Occupancy$1,431,012$804,944-$2,235,956
Information Technology$948,965$533,793-$1,482,758
Fees for Services Other$666,641$374,986-$1,041,627
Payroll Taxes$526,513$296,163-$822,676
Other Employee Benefits$423,951$238,472-$662,423
Travel$308,678$173,632-$482,310
Depreciation Depletion$116,247$65,389-$181,636
Fees for Services Legal-$176,463-$176,463
Pension Plan Contributions$91,381$51,402-$142,783
Insurance-$101,566-$101,566
Other Expenses$95,903$144,249-$95,903
Fees for Services Accounting-$63,950-$63,950
Office Expenses-$52,031-$52,031
Total Functional Expenses$11,278,108$6,351,068$0$17,629,176

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,629,176
Total Expenses per Audited Statements$17,629,176
Total Expenses per Form 990$17,629,176
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
Dr Norman HallDirectorRentsNo$10,300
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 president, cfo, hr, and controller reviewed 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 upon request.

Filing and Contact Details

Filer

Filer Name
Richard Milburn Academytexas Inc
EIN
06-1585988
Address
1263 TERMINAL LOOP, MCQUEENEY, TX 78123

Signing Officer

Name
Dr Norman Hall
Title
Superintendent
Signed
2017-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Norman Hall
Formed
2000
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
315

Preparer

Firm
Cunningham Shavers Christensen
Address
WRIGHT LLP, AUSTIN AVE WACO, TX 76701-1693
Preparer
Paul J Christensen CPA
Phone
2547523436
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

Raw XML Appendix364 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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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt017606195
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017629176
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
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
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0DR NORMAN HALL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt010300
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENTS
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (D) DESCRIPTION OF TRANSACTION: DR. NORMAN HALL LEASES OFFICE SPACE TO THE ORGANIZATION.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHARTER 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT, CFO, HR, AND CONTROLLER REVIEWED FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO REPORT CONFLICTS OF INTEREST AS THEY BECOME APPARENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04324847
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05615264
IRS990/TotalAssetsEOYAmt06092792
IRS990/TotalAssetsGrp/BOYAmt05615264
IRS990/TotalAssetsGrp/EOYAmt06092792
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0915478
IRS990/TotalEmployeeCnt0315
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06351068
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt011278108
IRS990/TotalFunctionalExpensesGrp/TotalAmt017629176
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0785481
IRS990/TotalLiabilitiesEOYAmt01285990
IRS990/TotalLiabilitiesGrp/BOYAmt0785481
IRS990/TotalLiabilitiesGrp/EOYAmt01285990
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04829783
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04806802
IRS990/TotalProgramServiceExpensesAmt011278108
IRS990/TotalProgramServiceRevenueAmt016690098
IRS990/TotalReportableCompFromOrgAmt0121953
IRS990/TotalRevenueGrp/ExclusionAmt0619
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt016690098
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt017606195
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05615264
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06092792
IRS990/TravelGrp/ManagementAndGeneralAmt0173632
IRS990/TravelGrp/ProgramServicesAmt0308678
IRS990/TravelGrp/TotalAmt0482310
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt04829783
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0481955
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.RMACADEMY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR NORMAN HALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SUPERINTENDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RICHARD MILBURN ACADEMYTEXAS INC
ReturnHeader/Filer/BusinessNameControlTxt0RICH
ReturnHeader/Filer/EIN0061585988
ReturnHeader/Filer/USAddress/AddressLine1Txt01263 TERMINAL LOOP
ReturnHeader/Filer/USAddress/CityNm0MCQUEENEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078123
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0742485161
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CUNNINGHAM SHAVERS CHRISTENSEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0WRIGHT LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AUSTIN AVE WACO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0767011693
ReturnHeader/PreparerPersonGrp/PhoneNum02547523436
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL J CHRISTENSEN CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-02-14T18:11:44-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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