Civic Intelligence

Wizard Academy

990 • Fiscal year 2017 • EIN 20-1437374

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

16221 Crystal Hills DriveAustin, TX 78737

(512) 295-5700

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

21st percentile

0.01x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

64th percentile

8.9%

Higher net margin than 64% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

50th percentile

3.1%

Faster asset growth than 50% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

81st percentile

34%

Faster revenue growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$3,337,548

Up $100,284 (+3.1%) from 2016

Net Assets

Up

$3,327,446

Up $98,103 (+3.0%) from 2016

Liabilities

Up

$10,102

Up $2,181 (+28%) from 2016

Revenue

Up

$1,101,746

Up $280,038 (+34%) from 2016

Expenses

Up

$1,003,645

Up $231,179 (+30%) from 2016

Net Income

Up

$98,101

Up $48,859 (+99%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,375,944Liabilities 2010: $85,000Net Assets 2010: $3,290,9442010Assets 2011: $3,440,325Liabilities 2011: $25,000Net Assets 2011: $3,415,3252011Assets 2012: $3,400,073Liabilities 2012: $20,000Net Assets 2012: $3,380,0732012Assets 2013: $3,398,485Liabilities 2013: $30,000Net Assets 2013: $3,368,4852013Assets 2014: $3,266,749Liabilities 2014: $60,656Net Assets 2014: $3,206,0932014Assets 2015: $3,238,881Liabilities 2015: $58,780Net Assets 2015: $3,180,1012015Assets 2016: $3,237,264Liabilities 2016: $7,921Net Assets 2016: $3,229,3432016Assets 2017: $3,337,548Liabilities 2017: $10,102Net Assets 2017: $3,327,4462017Assets 2018: $3,416,633Liabilities 2018: $6,942Net Assets 2018: $3,409,6912018Assets 2019: $3,375,613Liabilities 2019: $0Net Assets 2019: $3,375,6132019Assets 2020: $3,533,992Liabilities 2020: $8,021Net Assets 2020: $3,525,9712020Assets 2021: $3,377,935Liabilities 2021: $13,142Net Assets 2021: $3,364,7932021Assets 2022: $3,242,831Liabilities 2022: $7,546Net Assets 2022: $3,235,2852022Assets 2023: $3,162,442Liabilities 2023: $15,150Net Assets 2023: $3,147,2922023

Highlighted filing

2017

Assets$3,337,548
Liabilities$10,102
Net Assets$3,327,446

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $616,0912010Expenses 2011: $644,0682011Expenses 2012: $493,5322012Revenue 2013: $630,111Expenses 2013: $641,700Net Income 2013: -$11,5892013Revenue 2014: $599,014Expenses 2014: $761,406Net Income 2014: -$162,3922014Revenue 2015: $844,837Expenses 2015: $870,829Net Income 2015: -$25,9922015Revenue 2016: $821,708Expenses 2016: $772,466Net Income 2016: $49,2422016Revenue 2017: $1,101,746Expenses 2017: $1,003,645Net Income 2017: $98,1012017Revenue 2018: $1,086,001Expenses 2018: $1,003,753Net Income 2018: $82,2482018Revenue 2019: $834,105Expenses 2019: $868,184Net Income 2019: -$34,0792019Revenue 2020: $1,107,921Expenses 2020: $909,341Net Income 2020: $198,5802020Revenue 2021: $886,310Expenses 2021: $1,021,497Net Income 2021: -$135,1872021Revenue 2022: $985,957Expenses 2022: $1,396,225Net Income 2022: -$410,2682022Revenue 2023: $1,505,761Expenses 2023: $1,598,224Net Income 2023: -$92,4632023

Highlighted filing

2017

Revenue$1,101,746
Expenses$1,003,645
Net Income$98,101
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$1,101,746
Mission and Program Overview

Mission

To provide formal education with regular faculty to an enrolled student body with an intererelated curriculum designed to improve or develop the students capabilities on subjects useful to individuals and beneficial to the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,073,088$3,237,595▲ $164,507
Cash and Non-Interest-Bearing Accounts$164,176$99,953▼ $64,223
Total Assets$3,237,264$3,337,548▲ $100,284
Liabilities
Accounts Payable and Accrued Expenses$2,921$5,102▲ $2,181
Other Liabilities$5,000$5,000→ $0
Total Liabilities$7,921$10,102▲ $2,181
Net Assets / Fund Balance
Unrestricted Net Assets$3,229,343$3,327,446▲ $98,103
Total Net Assets Fund Balance$3,229,343$3,327,446▲ $98,103
Total Liabilities and Net Assets / Fund Balance$3,237,264$3,337,548▲ $100,284

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,871,666$1,176,210$4,047,876
Land$242,574-$242,574
Other Land Buildings$69,682$59,114$128,796
Equipment$53,673$43,563$97,236
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard GrantChairman
Pennie WilliamsPresident
Dennis CollinsDirector
Jean BackusDirector
Lori BarrDirector
Mark FoxDirector
Oz Jaxxon DvmDirector
Corrine TaylorSec./treas./Director
Roy H WilliamsChancellor
Revenue and Support

Revenue Composition

Contributions and Grants
$469,791
Program Service Revenue
$623,212
Investment Income
$0
Other Revenue
$8,743
All Other Contributions
$469,791
Change in Net Assets
$98,101
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$689,536
Salaries, Compensation, and Employee Benefits$314,109
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$288,506--$288,506
Depreciation Depletion$113,567$55,000-$168,567
Fees for Services Other$45,803$19,630-$65,433
Office Expenses$41,651$7,350-$49,001
Insurance-$33,435-$33,435
Other Expenses$21,359$7,504-$28,863
Advertising$26,217--$26,217
Payroll Taxes$25,603--$25,603
Information Technology$25,590--$25,590
All Other Expenses$14,660$6,283-$20,943
Fees for Services Accounting$6,407$2,746-$9,153
Travel$4,891--$4,891
Total Functional Expenses$826,764$176,881$0$1,003,645
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
-Owned by Son of Roy WilliamsVideo Production ServicesNo$6,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$5,000
Williams Marketing-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
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, Part VI, Section B, Line 11

The organization electronically mails a copy of the draft to each member of the board of directors and officers to review and comment

Form 990, Part VI, Section C, Line 19

Available to public upon request

Filing and Contact Details

Filer

Filer Name
Wizard Academy
EIN
20-1437374
Phone
5122955700
Address
16221 CRYSTAL HILLS DRIVE, AUSTIN, TX 78737

Signing Officer

Name
Corrine P Taylor
Title
Secretary Treasurer
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Corrine P Taylor
Formed
2004
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
6
Employees
11

Preparer

Firm
Pearce & Company PC
Address
8310 N Capital of Texas Hwy Ste 150, Austin, TX 78731
Preparer
John G Pearce
Phone
5124411411
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IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt098101
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0587312
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0469791
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0158946
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0264241
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0169667
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0102184
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01164829
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0623212
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0569178
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0577028
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0426540
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0524714
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02720672
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt08743
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt093584
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03568
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02807
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03213
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0111915
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.89320
IRS990ScheduleA/PublicSupportPY509Pct00.88460
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt03570312
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt036120
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt039000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt046069
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0122000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt072000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0315189
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt036120
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt039000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt046069
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0122000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt072000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0315189
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01093003
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0728124
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0841269
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0596207
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0626898
IRS990ScheduleA/Total509Grp/TotalAmt03885501
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01101746
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0821708
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0844837
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0599014
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0630111
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03997416
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02871666
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01176210
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04047876
IRS990ScheduleD/EquipmentGrp/BookValueAmt053673
IRS990ScheduleD/EquipmentGrp/DepreciationAmt043563
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt097236
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0242574
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0242574
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt069682
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt059114
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0128796
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1WILLIAMS MARKETING
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03237595
IRS990ScheduleD/TotalLiabilityAmt05000
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0SUNPOP STUDIOS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNED BY SON OF ROY WILLIAMS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt06000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0VIDEO PRODUCTION SERVICES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt05000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0ROY H WILLIAMS & PENNY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0GENERAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt020000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICERS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt05000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ELECTRONICALLY MAILS A COPY OF THE DRAFT TO EACH MEMBER OF THE BOARD OF DIRECTORS AND OFFICERS TO REVIEW AND COMMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE TO PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03237264
IRS990/TotalAssetsEOYAmt03337548
IRS990/TotalAssetsGrp/BOYAmt03237264
IRS990/TotalAssetsGrp/EOYAmt03337548
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0469791
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0176881
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0826764
IRS990/TotalFunctionalExpensesGrp/TotalAmt01003645
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07921
IRS990/TotalLiabilitiesEOYAmt010102
IRS990/TotalLiabilitiesGrp/BOYAmt07921
IRS990/TotalLiabilitiesGrp/EOYAmt010102
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03229343

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$3.16$0.02$3.15$1.51$1.60$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.24$0.01$3.24$0.99$1.40$0.41
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.38$0.01$3.36$0.89$1.02$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.53$0.01$3.53$1.11$0.91$0.20
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$0.00$3.38$0.83$0.87$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.42$0.01$3.41$1.09$1.00$0.08
2017Detailed filing. Detailed filing data is available for this year.$3.34$0.01$3.33$1.10$1.00$0.10
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.24$0.01$3.23$0.82$0.77$0.05
2015Detailed filing. Detailed filing data is available for this year.$3.24$0.06$3.18$0.84$0.87$0.03
2014Detailed filing. Detailed filing data is available for this year.$3.27$0.06$3.21$0.60$0.76$0.16
2013Detailed filing. Detailed filing data is available for this year.$3.40$0.03$3.37$0.63$0.64$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.40$0.02$3.38$0.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.44$0.03$3.42$0.64
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$0.09$3.29$0.62