Civic Intelligence

Westlake Academy Foundation

990 • Fiscal year 2014 • EIN 20-0033926

Sep 01, 2013 to Aug 31, 2014 • Filed on Jul 08, 2015

Organization ProfileWESTLAKEACADEMYFOUNDATION.ORG
2600 Jt Ottinger Road76262

(817) 490-5722

Siviq Scores

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

Liabilities / Assets

17th percentile

0.01x

Higher debt load relative to assets than 17% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

11th percentile

0.01x

Higher debt load relative to revenue than 11% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

75th percentile

15%

Higher net margin than 75% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

58th percentile

$133,461

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

78th percentile

14%

Faster asset growth than 78% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

83rd percentile

31%

Faster revenue growth than 83% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,595,428

Up $197,641 (+14%) from 2013

Net Assets

Up

$1,577,176

Up $198,717 (+14%) from 2013

Liabilities

Down

$18,252

Down $1,076 (-5.6%) from 2013

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin75th percentile

Revenue

Up

$1,360,861

Up $319,103 (+31%) from 2013

Expenses

Up

$1,152,187

Up $180,501 (+19%) from 2013

Net Income

Up

$208,674

Up $138,602 (+198%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,012,131Liabilities 2011: $8,791Net Assets 2011: $1,003,3402011Assets 2012: $1,366,114Liabilities 2012: $104,598Net Assets 2012: $1,261,5162012Assets 2013: $1,397,787Liabilities 2013: $19,328Net Assets 2013: $1,378,4592013Assets 2014: $1,595,428Liabilities 2014: $18,252Net Assets 2014: $1,577,1762014Assets 2015: $1,599,765Liabilities 2015: $18,308Net Assets 2015: $1,581,4572015Assets 2016: $1,695,889Liabilities 2016: $10,404Net Assets 2016: $1,685,4852016Assets 2017: $1,955,950Liabilities 2017: $275Net Assets 2017: $1,955,6752017Assets 2018: $2,558,219Liabilities 2018: $387,862Net Assets 2018: $2,170,3572018Assets 2019: $2,380,643Liabilities 2019: $0Net Assets 2019: $2,380,6432019Assets 2020: $2,677,971Liabilities 2020: $8,410Net Assets 2020: $2,669,5612020Assets 2021: $3,244,083Liabilities 2021: $7,600Net Assets 2021: $3,236,4832021Assets 2022: $2,748,901Liabilities 2022: $6,895Net Assets 2022: $2,742,0062022Assets 2023: $3,284,208Liabilities 2023: $181,144Net Assets 2023: $3,103,0642023Assets 2024: $3,178,246Liabilities 2024: $33,898Net Assets 2024: $3,144,3482024

Highlighted filing

2014

Assets$1,595,428
Liabilities$18,252
Net Assets$1,577,176
Open 2014 Filing

Operations Trend

Revenue Growth83rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $997,386Expenses 2011: $783,349Net Income 2011: $214,0372011Revenue 2012: $1,414,264Expenses 2012: $1,150,038Net Income 2012: $264,2262012Revenue 2013: $1,041,758Expenses 2013: $971,686Net Income 2013: $70,0722013Revenue 2014: $1,360,861Expenses 2014: $1,152,187Net Income 2014: $208,6742014Revenue 2015: $1,370,153Expenses 2015: $1,317,407Net Income 2015: $52,7462015Revenue 2016: $1,276,355Expenses 2016: $1,218,489Net Income 2016: $57,8662016Revenue 2017: $1,633,778Expenses 2017: $1,373,324Net Income 2017: $260,4542017Revenue 2018: $1,658,268Expenses 2018: $1,544,483Net Income 2018: $113,7852018Revenue 2019: $1,761,972Expenses 2019: $1,489,130Net Income 2019: $272,8422019Revenue 2020: $1,623,760Expenses 2020: $1,407,200Net Income 2020: $216,5602020Revenue 2021: $1,490,806Expenses 2021: $1,274,358Net Income 2021: $216,4482021Revenue 2022: $2,338,496Expenses 2022: $2,335,632Net Income 2022: $2,8642022Revenue 2023: $1,827,657Expenses 2023: $1,609,044Net Income 2023: $218,6132023Revenue 2024: $1,452,100Expenses 2024: $1,566,439Net Income 2024: -$114,3392024

Highlighted filing

2014

Revenue$1,360,861
Expenses$1,152,187
Net Income$208,674
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Jul 8, 2015
Return Version
2013v4.0
Gross Receipts
$6,297,795
Mission and Program Overview

Mission

To provide financial support for westlake academy in its efforts to achieve academic excellence in developing responsible, global, lifelong learners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,098,552$1,265,114▲ $166,562
Cash and Non-Interest-Bearing Accounts$296,990$298,480▲ $1,490
Pledges and Grants Receivable-$28,267-
Prepaid Expenses and Deferred Charges$2,245$3,567▲ $1,322
Total Assets$1,397,787$1,595,428▲ $197,641
Liabilities
Accounts Payable and Accrued Expenses$1,828$18,252▲ $16,424
Deferred Revenue$17,500--
Total Liabilities$19,328$18,252▼ $1,076
Net Assets / Fund Balance
Unrestricted Net Assets$1,318,119$1,511,920▲ $193,801
Permanently Rstr Net Assets$51,409$51,876▲ $467
Temporarily Rstr Net Assets$8,931$13,380▲ $4,449
Total Net Assets Fund Balance$1,378,459$1,577,176▲ $198,717
Total Liabilities and Net Assets / Fund Balance$1,397,787$1,595,428▲ $197,641

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$901,000$273,518▲ $133,027-$1,307,545
2012$900,000$1,000--$901,000
2011$500,000$400,000--$900,000
2010$250,000$250,000--$500,000
2009-$250,000--$250,000
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Debbie PiperFinance DirectorFT-$133,461$133,461
Dr Shelly MyersExecutive DirectorFT$36,246$44,701$80,947

Board Members and Trustees

NameTitle
Kelly CoxPresident
Leah RenhackVice President
Andy SedinoDirector
April GallagherDirector
Bill GreenwoodDirector
Charlotte RyanDirector
Jeff WatsonDirector
Karen SoltenbergDirector
Kevin HansenDirector
Rebecca NeidichDirector
Zan JonesDirector
Ken GordonSecretary
Sean ShopeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,235,495
Program Service Revenue
$0
Investment Income
$170,410
Other Revenue
$-45,044
All Other Contributions
$938,349
Change in Net Assets
$208,674

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,360,861
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$89,587
Total Revenue per Audited Statements
$1,450,448
Total Revenue per Form 990
$1,360,861
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,048,749
Total Fundraising Expense$65,658
Other Expenses$52,587
Salaries, Compensation, and Employee Benefits$50,851
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,048,749--$1,048,749
Current Officers, Directors, Trustees, and Key Employees--$43,686$43,686
Office Expenses-$28,168-$28,168
Other Salaries and Wages--$6,963$6,963
Fees for Services Other-$3,936$2,251$6,187
Occupancy--$4,362$4,362
Advertising--$4,197$4,197
Fees for Services Accounting-$3,500-$3,500
Conferences and Meetings-$1,682-$1,682
Other Expenses-$494$3,997$494
Other Employee Benefits--$202$202
Total Functional Expenses$1,048,749$37,780$65,658$1,152,187

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,251,731
Expenses per Audited Statements$1,152,187
Total Expenses per Form 990$1,152,187
Expenses Not Reported on Form 990$99,544
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
75-2449357--To Provide Financial Support for Westlake Academy in Its Efforts to Achieve Academic Excellence.$975,991
75-2449357--To Fund an Item From Gallery Night for Health/fitness Equipment for the New Buildings (town Asset).$72,758
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$99,544
Fundraising Gross Income$54,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 2$106,278$27,500$6,612$20,888
Event 1$245,368$27,000$20,664$6,336
Total Events$351,646$54,500$99,544$-45,044
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
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 11

“The form 990 is reviewed by the executive director and the finance director prior to being filed and each board member has the opportunity to see the 990 prior to filing by request.”

Form 990, Part VI, Section C, Line 19

“The organization maintains a copy of its governing documents, policies and financial statements and each is available for review upon request along with the public availability of the annual audit report.”

Filing and Contact Details

Filer

EIN
20-0033926
Phone
8174905722

Signing Officer

Name
Debbie Piper
Title
Finance Director
Phone
8174905722
Signed
2015-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Shelly Myers
Formed
2003
Legal Domicile
TX
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
13

Preparer

Preparer
Ira L Nevelow
Phone
9724901970
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for federal income taxes has been recorded in the accompanying financial statements. The academy is unaware of any uncertain tax positions as of august 31, 2014 that would be subject to the recognition provision of fasb asc 740-10, accounting for uncertainty in income taxes." generally, the three prior years remain open for federal income tax examination.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Special event expense 99,544.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expense 99,544.”

Raw XML AppendixShowing 400 of 544 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/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE FINANCIAL SUPPORT FOR WESTLAKE ACADEMY IN ITS EFFORTS TO ACHIEVE ACADEMIC EXCELLENCE IN DEVELOPING RESPONSIBLE, GLOBAL, LIFELONG LEARNERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01378459
IRS990/NetAssetsOrFundBalancesEOYAmt01577176
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0151488
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0151488
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-45044
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-45044
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-9957
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt04362
IRS990/OccupancyGrp/TotalAmt04362
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt028168
IRS990/OfficeExpensesGrp/TotalAmt028168
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0202
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0202
IRS990/OtherExpensesGrp/Desc0OTHER FUNDRAISING COSTS
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt03997
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0494
IRS990/OtherExpensesGrp/TotalAmt03997
IRS990/OtherExpensesGrp/TotalAmt1494
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06963
IRS990/OtherSalariesAndWagesGrp/TotalAmt06963
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt051409
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt051876
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt028267
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02245
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03567
IRS990/PrincipalOfficerNm0DR SHELLY MYERS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THROUGH ANNUAL FUND-AN-ITEM, PROVIDE DEDICATED FUNDS FOR AN "ABOVE AND BEYOND" CAPITAL PROJECT. RECENT PROJECTS INCLUDE INTERACTIVE CLASSROOM SMARTBOARDS, WEIGHT TRAINING & PE EQUIPMENT, AND CREATING LIBRARY MEDIA RESOURCE CENTER.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt072758
IRS990/ProgSrvcAccomActy2Grp/GrantAmt072758
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0744363
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0882220
IRS990/PYInvestmentIncomeAmt051679
IRS990/PYOtherExpensesAmt045266
IRS990/PYOtherRevenueAmt0245716
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt070072
IRS990/PYSalariesCompEmpBnftPaidAmt044200
IRS990/PYTotalExpensesAmt0971686
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01041758
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0208674
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01242245
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0744363
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01062219
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0785186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0794340
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04628353
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt018922
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt014268
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt010265
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01841
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0750
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt046046
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt047750
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0351487
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0424110
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0300382
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0410867
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01534596
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.68490
IRS990ScheduleA/PublicSupportPY170Pct00.65510
IRS990ScheduleA/PublicSupportTotal170Amt04252533
IRS990ScheduleA/SubstantialContributorsTotAmt0375820
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01242245
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0744363
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01062219
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0785186
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0794340
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04628353
IRS990ScheduleA/TotalSupportAmt06208995
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/BoardDesignatedBalanceEOYPct00.95010
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0901000
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0273518
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01307545
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0133027
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0900000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0901000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0500000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0400000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0900000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0250000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0250000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0500000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0250000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0250000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt099544
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01152187
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-9957
IRS990ScheduleD/OtherExpensesIncludedAmt099544
IRS990ScheduleD/OtherRevenueAmt099544
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.03970
IRS990ScheduleD/RevenueNotReportedAmt089587
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01360861
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ACADEMY IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS AS OF AUGUST 31, 2014 THAT WOULD BE SUBJECT TO THE RECOGNITION PROVISION OF FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES." GENERALLY, THE THREE PRIOR YEARS REMAIN OPEN FOR FEDERAL INCOME TAX EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSE 99,544.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSE 99,544.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.01020
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01152187
IRS990ScheduleD/TotalRevenuePerForm990Amt01360861
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01450448
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01251731
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0297146
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0218368
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt078778
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt099544
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt06250
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt06250
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt026377
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt014582
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt040959
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0245368
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0106278
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0351646
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt027000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt027500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt054500
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0GALLERY NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent2Amt0WESTLAKE BAJA
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-45044
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt027276
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt020664
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt06612
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt09540
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt015519

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,595,428
Liabilities
$18,252
Net assets
$1,577,176
Revenue
$1,360,861
Expenses
$1,152,187
Net income
$208,674
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.18$0.03$3.14$1.45$1.57$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.28$0.18$3.10$1.83$1.61$0.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.75$0.01$2.74$2.34$2.34$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.24$0.01$3.24$1.49$1.27$0.22
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.68$0.01$2.67$1.62$1.41$0.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.38$0.00$2.38$1.76$1.49$0.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.56$0.39$2.17$1.66$1.54$0.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$0.00$1.96$1.63$1.37$0.26
2016Detailed filing. Detailed filing data is available for this year.$1.70$0.01$1.69$1.28$1.22$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.60$0.02$1.58$1.37$1.32$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.60$0.02$1.58$1.36$1.15$0.21
2013Summary only. Only limited summary data is available for this year.$1.40$0.02$1.38$1.04$0.97$0.07
2012Summary only. Only limited summary data is available for this year.$1.37$0.10$1.26$1.41$1.15$0.26
2011Summary only. Only limited summary data is available for this year.$1.01$0.01$1.00$1.00$0.78$0.21
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $5M-$10M nonprofits