Civic Intelligence

Wizard Academy

990 • Fiscal year 2020 • EIN 20-1437374

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 31, 2021

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.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

20th percentile

0.01x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

71st percentile

18%

Higher net margin than 71% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

47th percentile

4.7%

Faster asset growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

82nd percentile

33%

Faster revenue growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,533,992

Up $158,379 (+4.7%) from 2019

Net Assets

Up

$3,525,971

Up $150,358 (+4.5%) from 2019

Liabilities

Up

$8,021

Up $8,021 from 2019

Revenue

Up

$1,107,921

Up $273,816 (+33%) from 2019

Expenses

Up

$909,341

Up $41,157 (+4.7%) from 2019

Net Income

Up

$198,580

Up $232,659 (+683%) from 2019

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

2020

Assets$3,533,992
Liabilities$8,021
Net Assets$3,525,971

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

2020

Revenue$1,107,921
Expenses$909,341
Net Income$198,580
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 31, 2021
Return Version
2020v4.1
Gross Receipts
$1,107,921
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$2,940,749$2,795,790▼ $144,959
Cash and Non-Interest-Bearing Accounts$201,405$325,682▲ $124,277
Accounts Receivable$-1,351$500▲ $1,851
Total Assets$3,375,613$3,533,992▲ $158,379
Other Assets Total$234,810$412,020▲ $177,210
Liabilities
Other Liabilities-$8,021-
Total Liabilities$0$8,021▲ $8,021
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,375,613$3,525,971▲ $150,358
Total Net Assets Fund Balance$3,375,613$3,525,971▲ $150,358
Total Liabilities and Net Assets / Fund Balance$3,375,613$3,533,992▲ $158,379

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,514,516$1,533,360$4,047,876
Land$242,574-$242,574
Other Land Buildings$2,546$116,666$119,212
Equipment$12,088$62,280$74,368
Leasehold Improvements$24,066$21,007$45,073
Other Assets Org$64,893--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rex WilliamsChairman
Daniel WhittingtonDirector
Gordon AtkinsonDirector
Manley MillerDirector
Mark FoxDirector
Oz Jaxxon DvmDirector
Pegeen ReillyDirector
Richard GrantDirector
Ryan DeissDirector
Lori BarrSec./treas./Director
-Chancellor
Revenue and Support

Revenue Composition

Contributions and Grants
$580,624
Program Service Revenue
$492,289
Investment Income
$0
Other Revenue
$35,008
All Other Contributions
$484,024
Change in Net Assets
$198,580
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$576,118
Salaries, Compensation, and Employee Benefits$333,223
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$307,465--$307,465
Depreciation Depletion$97,662$47,297-$144,959
All Other Expenses$37,963$16,270-$54,233
Fees for Services Other$32,732$14,028-$46,760
Insurance$46,570--$46,570
Other Expenses$29,047$10,206-$39,253
Office Expenses$31,738$5,601-$37,339
Information Technology$29,910--$29,910
Fees for Services Accounting$18,346$7,863-$26,209
Payroll Taxes$25,758--$25,758
Advertising$11,612--$11,612
Fees for Services Legal-$11,560-$11,560
Travel$371--$371
Total Functional Expenses$785,958$123,383$0$909,341
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$8,021
Credit Cards-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
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
Jean Backus
Title
Secretary Treasurer
Signed
2021-08-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Corrine P Taylor
Formed
2004
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
24

Preparer

Firm
Pearce & Co Pc
Address
8310 N CAPITAL OF TEXAS HWY STE 150, AUSTIN, TX 78731
Preparer
John G Pearce
Phone
5124411411
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IRS990/ProgramServiceRevenueGrp/Desc1PRIVATE ACADEMY TUITION FEES
IRS990/ProgramServiceRevenueGrp/Desc2ASBI TUITION FEES
IRS990/ProgramServiceRevenueGrp/Desc3CHAPEL FEES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt148125
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt397123
IRS990/ProgSrvcAccomActy2Grp/Desc0WEDDING CHAPEL DULCINEA - A CHAPEL OFFERED FREE OF CHARGE TO THE COMMUNITY AS A SYMBOLIC EXPRESSION OF THE CREATIVE VALUES FOR WHICH THE ACADEMY STANDS.
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IRS990/PYOtherRevenueAmt020211
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IRS990/PYTotalExpensesAmt0868184
IRS990/PYTotalRevenueAmt0834105
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0198580
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01010798
IRS990/RoyaltiesGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0158946
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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt093584
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0173006
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt220504
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Uncompleted Lost Boys Cost
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Uncompleted Gym Building Costs
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Current Year Acquistions
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Prior Years Acquisitions
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Credit Card OL
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5Miscellaneous OLs
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0116666
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0119212
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08021
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02795790
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0412020
IRS990ScheduleD/TotalLiabilityAmt08021
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0false
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

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
2020Detailed filing. Detailed filing data is available for this year.$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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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