Civic Intelligence

Richard Milburn Academy Texas Inc.

990 • Fiscal year 2018 • EIN 06-1585988

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

Organization ProfileWWW.RMACADEMY.ORG
1263 Terminal LoopMcqueeney, TX 78123

(830) 557-6181

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$13,454,700

Flat from 2018

Net Assets

Flat

$6,639,959

Flat from 2018

Liabilities

Flat

$6,814,741

Flat from 2018

Revenue And Expenses

Revenue

Flat

$19,361,042

Flat from 2018

Expenses

Flat

$17,667,073

Flat from 2018

Net Income

Flat

$1,693,969

Flat from 2018

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 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

2018

Assets$13,454,700
Liabilities$6,814,741
Net Assets$6,639,959
Open 2018 Filing

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 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

2018

Revenue$19,361,042
Expenses$17,667,073
Net Income$1,693,969
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$19,361,042
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
Land, Buildings, and Equipment, Net$3,104,646$6,765,822▲ $3,661,176
Accounts Receivable$3,317,210$3,040,810▼ $276,400
Cash and Non-Interest-Bearing Accounts$824,082$2,592,121▲ $1,768,039
Savings and Temporary Cash Investments$742,563$744,859▲ $2,296
Prepaid Expenses and Deferred Charges$40,000--
Total Assets$8,450,834$13,454,700▲ $5,003,866
Other Assets Total$422,333$311,088▼ $111,245
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,904,454$5,596,209▲ $3,691,755
Accounts Payable and Accrued Expenses$1,600,390$1,218,532▼ $381,858
Total Liabilities$3,504,844$6,814,741▲ $3,309,897
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,324,847$6,376,923▲ $2,052,076
Unrestricted Net Assets$621,143$263,036▼ $358,107
Total Net Assets Fund Balance$4,945,990$6,639,959▲ $1,693,969
Total Liabilities and Net Assets / Fund Balance$8,450,834$13,454,700▲ $5,003,866

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,814,835$567,019$6,381,854
Equipment$98,152$1,725,127$1,823,279
Land$836,124-$836,124
Other Land Buildings$16,711$19,098$35,809
Compensation and Service Providers

Employees

NameTitleBaseTotal
Dr Norman HallSuperintende$139,259$139,259

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Jr3 Websmart LLCBack Office925 COLUMBUS, Waco, TX 76701$1,022,699
Butler-cohen LLC-2503 SOUTH BLVD, Houston, TX 77098$921,018
Kimberly Vandiver-PO BOX 30007, Midland, TX 79712$109,079
Revenue and Support

Revenue Composition

Contributions and Grants
$260,000
Program Service Revenue
$19,098,004
Investment Income
$3,038
Other Revenue
$0
All Other Contributions
$260,000
Change in Net Assets
$1,693,969

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 Amount
Real Estate Commercial1$260,000
Total Noncash Contributions1$260,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,361,042
Total Revenue per Audited Statements
$19,361,042
Total Revenue per Form 990
$19,361,042
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,275,538
Other Expenses$6,391,535
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,840,794$3,430,307-$9,271,101
Fees for Services Other$1,375,540$807,857-$2,183,397
Occupancy$1,113,085$653,716-$1,766,801
Information Technology$593,930$348,816-$942,746
Payroll Taxes$539,052$316,586-$855,638
Other Employee Benefits$529,958$311,245-$841,203
Travel$190,658$111,974-$302,632
Depreciation Depletion$159,619$93,745-$253,364
Interest$196,382--$196,382
Pension Plan Contributions$106,052$62,285-$168,337
Insurance-$147,432-$147,432
Current Officers, Directors, Trustees, and Key Employees$87,733$51,526-$139,259
Fees for Services Accounting$47,250$27,750-$75,000
Fees for Services Legal-$53,204-$53,204
Other Expenses$48,706$56,862-$48,706
Office Expenses-$8,044-$8,044
Total Functional Expenses$11,185,724$6,481,349$0$17,667,073

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,667,073
Total Expenses per Audited Statements$17,667,073
Total Expenses per Form 990$17,667,073
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$8,600
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
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Norman Hall
Formed
2000
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
387

Preparer

Firm
Paul J Christensen & Associates LLC
Address
2110 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.”

Form 990, Part IX, Line 11G

“Misc. Contracted services 1,375,540 807,857 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“The corporation 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 corporation has no material unrelated business income for the year ended june 30, 2018. Generally accepted accounting principles requires that the corporation 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 corporation'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 corporation has not recorded an income tax liability for uncertain tax benefits. For the year ended june 30, 2018, there were no interest or penalties related to income taxes recorded or included in the financial statements. As of june 30, 2018, the corporation's tax years 2014 through 2017 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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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03430307
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05840794
IRS990/OtherSalariesAndWagesGrp/TotalAmt09271101
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0316586
IRS990/PayrollTaxesGrp/ProgramServicesAmt0539052
IRS990/PayrollTaxesGrp/TotalAmt0855638
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt062285
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0106052
IRS990/PensionPlanContributionsGrp/TotalAmt0168337
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt040000
IRS990/PrincipalOfficerNm0DR NORMAN HALL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/Desc0FOUNDATION PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1FEDERAL PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2LOCAL PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt017948618
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11131761
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217625
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017948618
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11131761
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217625
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0520
IRS990/PYOtherExpensesAmt07718597
IRS990/PYProgramServiceRevenueAmt020114412
IRS990/PYRevenuesLessExpensesAmt0139188
IRS990/PYSalariesCompEmpBnftPaidAmt012257147
IRS990/PYTotalExpensesAmt019975744
IRS990/PYTotalRevenueAmt020114932
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01693969
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt019358004
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0742563
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0744859
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt05814835
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0567019
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06381854
IRS990ScheduleD/EquipmentGrp/BookValueAmt098152
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01725127
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01823279
IRS990ScheduleD/ExpensesSubtotalAmt017667073
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0836124
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0836124
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt016711
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019098
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt035809
IRS990ScheduleD/RevenueSubtotalAmt019361042
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION 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 CORPORATION HAS NO MATERIAL UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2018. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRES THAT THE CORPORATION 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 CORPORATION'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 CORPORATION HAS NOT RECORDED AN INCOME TAX LIABILITY FOR UNCERTAIN TAX BENEFITS. FOR THE YEAR ENDED JUNE 30, 2018, THERE WERE NO INTEREST OR PENALTIES RELATED TO INCOME TAXES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. AS OF JUNE 30, 2018, THE CORPORATION'S TAX YEARS 2014 THROUGH 2017 REMAIN SUBJECT TO EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06765822
IRS990ScheduleD/TotalExpensesPerForm990Amt017667073
IRS990ScheduleD/TotalRevenuePerForm990Amt019361042
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt019361042
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017667073
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/TransactionAmt08600
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
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/RealEstateCommercialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateCommercialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateCommercialGrp/NoncashContributionsRptF990Amt0260000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
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/ExplanationTxt4MISC. CONTRACTED SERVICES 1,375,540 807,857 0
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt04324847
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt06376923
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08450834
IRS990/TotalAssetsEOYAmt013454700
IRS990/TotalAssetsGrp/BOYAmt08450834
IRS990/TotalAssetsGrp/EOYAmt013454700
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0260000
IRS990/TotalEmployeeCnt0387
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06481349
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt011185724
IRS990/TotalFunctionalExpensesGrp/TotalAmt017667073
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03504844
IRS990/TotalLiabilitiesEOYAmt06814741
IRS990/TotalLiabilitiesGrp/BOYAmt03504844
IRS990/TotalLiabilitiesGrp/EOYAmt06814741
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04945990
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06639959
IRS990/TotalProgramServiceExpensesAmt011185724
IRS990/TotalProgramServiceRevenueAmt019098004
IRS990/TotalReportableCompFromOrgAmt0139259
IRS990/TotalRevenueGrp/ExclusionAmt03038
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt019098004
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt019361042
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08450834
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013454700
IRS990/TravelGrp/ManagementAndGeneralAmt0111974
IRS990/TravelGrp/ProgramServicesAmt0190658
IRS990/TravelGrp/TotalAmt0302632
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0621143
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0263036
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.RMACADEMY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR NORMAN HALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SUPERINTENDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RICHARD MILBURN ACADEMYTEXAS INC
ReturnHeader/Filer/BusinessNameControlTxt0RICH
ReturnHeader/Filer/EIN0061585988

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$13,454,700
Liabilities
$6,814,741
Net assets
$6,639,959
Revenue
$19,361,042
Expenses
$17,667,073
Net income
$1,693,969
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
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