Civic Intelligence

Westlake Academy Foundation

990 • Fiscal year 2023 • EIN 20-0033926

Sep 01, 2022 to Aug 31, 2023 • Filed on Jul 12, 2024

Organization ProfileWESTLAKEACADEMYFOUNDATION.ORG
2600 Jt Ottinger RoadWestlake, TX 76262

(817) 490-5722

Siviq Scores

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

Liabilities / Assets

48th percentile

0.06x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

52nd percentile

0.10x

Higher debt load relative to revenue than 52% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

64th percentile

12%

Higher net margin than 64% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

76th percentile

19%

Faster asset growth than 76% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

16th percentile

-22%

Faster revenue growth than 16% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$3,284,208

Up $535,307 (+19%) from 2022

Net Assets

Up

$3,103,064

Up $361,058 (+13%) from 2022

Liabilities

Up

$181,144

Up $174,249 (+2527%) from 2022

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin64th percentile

Revenue

Down

$1,827,657

Down $510,839 (-22%) from 2022

Expenses

Down

$1,609,044

Down $726,588 (-31%) from 2022

Net Income

Up

$218,613

Up $215,749 (+7533%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth76th 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

2023

Assets$3,284,208
Liabilities$181,144
Net Assets$3,103,064
Open 2023 Filing

Operations Trend

Revenue Growth16th 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

2023

Revenue$1,827,657
Expenses$1,609,044
Net Income$218,613
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Jul 12, 2024
Return Version
2022v5.0
Gross Receipts
$1,992,092
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 Other Securities$2,159,631$2,297,526▲ $137,895
Savings and Temporary Cash Investments$585,129$978,715▲ $393,586
Prepaid Expenses and Deferred Charges$4,141$7,967▲ $3,826
Total Assets$2,748,901$3,284,208▲ $535,307
Liabilities
Grants Payable-$177,803-
Accounts Payable and Accrued Expenses$6,895$3,341▼ $3,554
Total Liabilities$6,895$181,144▲ $174,249
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,444,007$2,785,255▲ $341,248
Net Assets With Donor Restrictions$297,999$317,809▲ $19,810
Total Net Assets Fund Balance$2,742,006$3,103,064▲ $361,058
Total Liabilities and Net Assets / Fund Balance$2,748,901$3,284,208▲ $535,307

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$883,851--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$2,153,037-▲ $187,102-$2,310,008
2021$2,499,994-▼ $321,347-$2,153,037
2020$2,021,775$64,634▲ $437,962-$2,499,994
2019$1,865,084$25,903▲ $153,125-$2,021,775
2018$1,827,173$32,210▲ $22,761-$1,865,084
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Christine RossPresident
Meghan DorrVice President
Debbie KraskaDirector
Heather KilgoreDirector
Lilly JimenezDirector
Michael ColbyDirector
Patty PinsonnaultDirector
Rob FitzgeraldDirector
Sharan SankaranarayananDirector
Tiffany HernandezDirector
Dr Ahu PrimeauxSecretary
Sean ShopeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$652,584
Program Service Revenue
$1,220,566
Investment Income
$31,608
Other Revenue
$-77,101
All Other Contributions
$297,434
Change in Net Assets
$218,613

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,827,657
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$302,330
Total Revenue per Audited Statements
$2,129,987
Total Revenue per Form 990
$1,827,657
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,532,696
Other Expenses$76,348
Total Fundraising Expense$4,055
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,532,696--$1,532,696
Fees for Services Other-$27,314-$27,314
Office Expenses-$19,266-$19,266
Other Expenses-$7,478$4,055$7,478
Conferences and Meetings-$856-$856
Advertising-$119-$119
Total Functional Expenses$1,532,696$72,293$4,055$1,609,044

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,768,929
Expenses per Audited Statements$1,609,044
Total Expenses per Form 990$1,609,044
Expenses Not Reported on Form 990$159,885
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Westlake AcademyWestlake, TX501(c)(3)Provide Financial Support for Westlake Academy in Its Efforts to Achieve Academic Excellence.$1,532,696
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$117,141
Fundraising Gross Income$40,040
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Westlake Baja$106,884-$1,432-
Gala$288,306$40,040$115,709$-75,669
Total Events$395,190$40,040$117,141$-77,101
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
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
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 11B

“The form 990 is reviewed by the executive director and the finance director prior to being filed. 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

Filer Name
Westlake Academy Foundation
EIN
20-0033926
Phone
8174905722
Address
2600 JT OTTINGER ROAD, WESTLAKE, TX 76262

Signing Officer

Name
Dr Shelly Myers
Title
Executive Director
Phone
8174905722
Signed
2024-07-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Shelly Myers
Formed
2003
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
90

Preparer

Firm
Weaver and Tidwell Llp
Address
2300 N FIELD ST STE 1000, DALLAS, TX 75201
Preparer
Kirby Ross
Phone
9724901970
Supplemental Narrative

Additional Explanations

Part XII, Line 2C Explanation

“No changes to method of accounting or audit committee procedures occurred during the fiscal year.”

Financial Statement Notes

PART V, LINE 4:

“General waf endowment (unrestricted) is available to respond to emergencies or opportunities in any given school year. Gingy quinn fund is restricted to supporting innovative programs, new classroom technologies, and new teacher resources. Joe bradley fund is restricted to providing student travel awards.”

PART X, LINE 2:

“The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and did not conduct unrelated business activities. Therefore, the foundation has made no provision for federal income taxes in the accompanying financial statements. The foundation is unaware of any uncertain tax positions as of august 31, 2023, that would be subject to the recognition provision of financial accounting standards board (fasb) accounting standards codification (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 117,141. Realized loss on investment 42,744.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expense 117,141. Realized loss on investment 42,744.”

Raw XML AppendixShowing 400 of 527 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt06895
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03341
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE FINANCIAL SUPPORT FOR WESTLAKE ACADEMY IN ITS EFFORTS TO ACHIEVE ACADEMIC EXCELLENCE IN DEVELOPING RESPONSIBLE, GLOBAL, LIFELONG LEARNERS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0119
IRS990/AdvertisingGrp/TotalAmt0119
IRS990/AllOtherContributionsAmt0297434
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0DR SHELLY MYERS
IRS990/BooksInCareOfDetail/PhoneNum08174905722
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02600 J T OTTINGER ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0WESTLAKE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd076262
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0856
IRS990/ConferencesMeetingsGrp/TotalAmt0856
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt0355150
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0652584
IRS990/CYGrantsAndSimilarPaidAmt01532696
IRS990/CYInvestmentIncomeAmt031608
IRS990/CYOtherExpensesAmt076348
IRS990/CYOtherRevenueAmt0-77101
IRS990/CYProgramServiceRevenueAmt01220566
IRS990/CYRevenuesLessExpensesAmt0218613
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01609044
IRS990/CYTotalFundraisingExpenseAmt04055
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01827657
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0PROVIDE "ABOVE AND BEYOND" SUPPORT FOR ACTIVITIES AND INITIATIVES OF THE ACADEMY OUTSIDE OF THE ANNUAL BUDGET. GRANTS HAVE FUNDED NEW CURRICULUM PROGRAMS, CLASSROOM PROJECTS, NEW EQUIPMENT, RETENTION/RECRUITING INCENTIVES, SMARTBOARDS AND PROFESSIONAL DEVELOPMENT/TRAINING.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0297999
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0317809
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01532696
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt027314
IRS990/FeesForServicesOtherGrp/TotalAmt027314
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt85.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0TIFFANY HERNANDEZ
IRS990/Form990PartVIISectionAGrp/PersonNm1MICHAEL COLBY
IRS990/Form990PartVIISectionAGrp/PersonNm2LILLY JIMENEZ
IRS990/Form990PartVIISectionAGrp/PersonNm3DEBBIE KRASKA
IRS990/Form990PartVIISectionAGrp/PersonNm4HEATHER KILGORE
IRS990/Form990PartVIISectionAGrp/PersonNm5ROB FITZGERALD
IRS990/Form990PartVIISectionAGrp/PersonNm6SHARAN SANKARANARAYANAN
IRS990/Form990PartVIISectionAGrp/PersonNm7PATTY PINSONNAULT
IRS990/Form990PartVIISectionAGrp/PersonNm8CHRISTINE ROSS
IRS990/Form990PartVIISectionAGrp/PersonNm9MEGHAN DORR
IRS990/Form990PartVIISectionAGrp/PersonNm10DR AHU PRIMEAUX
IRS990/Form990PartVIISectionAGrp/PersonNm11SEAN SHOPE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0355150
IRS990/FundraisingDirectExpensesAmt0117141
IRS990/FundraisingGrossIncomeAmt040040
IRS990/GainOrLossGrp/SecuritiesAmt0-42744
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantAmt01532696
IRS990/GrantsPayableGrp/EOYAmt0177803
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01532696
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01532696
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt04550
IRS990/GrossReceiptsAmt01992092
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt074352
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt074352
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02159631
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02297526
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt047294
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 PROVIDE STUDENTS WITH AN INTERNATIONALLY-MINDED EDUCATION OF THE HIGHEST QUALITY, SO THEY ARE WELL-BALANCED AND RESPECTFUL LIFE-LONG LEARNERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02742006
IRS990/NetAssetsOrFundBalancesEOYAmt03103064
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-42744
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-42744
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-77101
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-77101
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0142445
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02444007
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02785255
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt07739
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019266
IRS990/OfficeExpensesGrp/TotalAmt019266
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CREDIT CARD/BANK FEES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt04055
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt017260
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17478
IRS990/OtherExpensesGrp/TotalAmt021315
IRS990/OtherExpensesGrp/TotalAmt17478
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04141
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07967
IRS990/PrincipalOfficerNm0DR SHELLY MYERS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0BLACKSMITH ANNUAL PROG
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01220566
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01220566
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01191598
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02254045
IRS990/PYInvestmentIncomeAmt0177195
IRS990/PYOtherExpensesAmt081587
IRS990/PYOtherRevenueAmt0-190165
IRS990/PYProgramServiceRevenueAmt01159868
IRS990/PYRevenuesLessExpensesAmt02864
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02335632
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02338496
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0218613
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01220566
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0585129
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0978715
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0692624
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01191598
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0989392
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01053311
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01748516
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05675441
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt074352
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0115356
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt049924
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt068073
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt078048
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0385753
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt031350
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt037150
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt041700
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0110200
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87970
IRS990ScheduleA/PublicSupportPY170Pct00.89710
IRS990ScheduleA/PublicSupportTotal170Amt05428966
IRS990ScheduleA/SubstantialContributorsTotAmt0246475
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0692624
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01191598
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0989392
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01053311
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01748516
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05675441
IRS990ScheduleA/TotalSupportAmt06171394
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/BoardDesignatedBalanceEOYPct00.96146
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt017256
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02153037
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02310008
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt012875
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0187102
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt018875
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02499994
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02153037
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt06735
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-321347
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt017887
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02021775
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt064634
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02499994
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt06490
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0437962
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt014509
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01865084
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt025903
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02021775
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt07828
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0153125
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt011154
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01827173
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt032210
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01865084
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt05906
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt022761
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0159885
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01609044
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0142445
IRS990ScheduleD/OtherExpensesIncludedAmt0159885
IRS990ScheduleD/OtherRevenueAmt0159885
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01413675
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1883851
IRS990ScheduleD/OtherSecuritiesGrp/Desc0EQUITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FIXED INCOME
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.03854
IRS990ScheduleD/RevenueNotReportedAmt0302330
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01827657
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GENERAL WAF ENDOWMENT (UNRESTRICTED) IS AVAILABLE TO RESPOND TO EMERGENCIES OR OPPORTUNITIES IN ANY GIVEN SCHOOL YEAR. GINGY QUINN FUND IS RESTRICTED TO SUPPORTING INNOVATIVE PROGRAMS, NEW CLASSROOM TECHNOLOGIES, AND NEW TEACHER RESOURCES. JOE BRADLEY FUND IS RESTRICTED TO PROVIDING STUDENT TRAVEL AWARDS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT CONDUCT UNRELATED BUSINESS ACTIVITIES. THEREFORE, THE FOUNDATION HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS AS OF AUGUST 31, 2023, THAT WOULD BE SUBJECT TO THE RECOGNITION PROVISION OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. GENERALLY, THE THREE PRIOR YEARS REMAIN OPEN FOR FEDERAL INCOME TAX EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSE 117,141. REALIZED LOSS ON INVESTMENT 42,744.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SPECIAL EVENT EXPENSE 117,141. REALIZED LOSS ON INVESTMENT 42,744.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt02297526
IRS990ScheduleD/TotalExpensesPerForm990Amt01609044
IRS990ScheduleD/TotalRevenuePerForm990Amt01827657
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02129987
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01768929
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0355150
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0248266
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt0106884
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0117141
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WESTLAKE BAJA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0288306
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0106884
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0395190
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt040040
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt040040
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-77101
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0117141
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0115709
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01432
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt01532696
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROVIDE FINANCIAL SUPPORT FOR WESTLAKE ACADEMY IN ITS EFFORTS TO ACHIEVE ACADEMIC EXCELLENCE.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WESTLAKE ACADEMY
IRS990ScheduleI/RecipientTable/RecipientEIN0752449357
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02600 JT OTTINGER ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WESTLAKE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd076262
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,284,208
Liabilities
$181,144
Net assets
$3,103,064
Revenue
$1,827,657
Expenses
$1,609,044
Net income
$218,613
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
2023Detailed filing. Detailed filing data is available for this year.$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