Civic Intelligence

Odyssey Charter School Incorporated

990 • Fiscal year 2014 • EIN 20-1787299

Jul 01, 2013 to Jun 30, 2014 • Filed on Dec 16, 2014

Organization ProfileWWW.ODYSSEYCHARTERSCHOLDEL.ORG
201 Bayard Avenue19805

(302) 655-5760

Siviq Scores

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

Liabilities / Assets

90th percentile

0.95x

Higher debt load relative to assets than 90% of similar nonprofits.

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

Liabilities / Revenue

73rd percentile

0.57x

Higher debt load relative to revenue than 73% of similar nonprofits.

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

Net Margin

13th percentile

-17%

Higher net margin than 13% of similar nonprofits.

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

Top Officer Pay

54th percentile

$125,951

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

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

Asset Growth

2nd percentile

-35%

Faster asset growth than 2% of similar nonprofits.

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

Revenue Growth

77th percentile

20%

Faster revenue growth than 77% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$4,588,970

Down $2,481,965 (-35%) from 2013

Net Assets

Down

$214,985

Down $1,300,576 (-86%) from 2013

Liabilities

Down

$4,373,985

Down $1,181,389 (-21%) from 2013

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin13th percentile

Revenue

$7,673,442

No earlier filing loaded for comparison.

Expenses

Up

$8,974,018

Up $2,655,446 (+42%) from 2013

Net Income

-$1,300,576

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$150M$100M$50M$0-$50MAssets 2009: $4,325,864Liabilities 2009: $3,551,532Net Assets 2009: $774,3322009Assets 2010: $4,315,394Liabilities 2010: $3,565,904Net Assets 2010: $749,4902010Assets 2011: $4,514,635Liabilities 2011: $3,683,504Net Assets 2011: $831,1312011Assets 2012: $4,793,106Liabilities 2012: $3,577,751Net Assets 2012: $1,215,3552012Assets 2013: $7,070,935Liabilities 2013: $5,555,374Net Assets 2013: $1,515,5612013Assets 2014: $4,588,970Liabilities 2014: $4,373,985Net Assets 2014: $214,9852014Assets 2015: $39,960,929Liabilities 2015: $41,131,228Net Assets 2015: -$1,170,2992015Assets 2016: $39,992,372Liabilities 2016: $41,922,352Net Assets 2016: -$1,929,9802016Assets 2017: $44,174,909Liabilities 2017: $44,162,106Net Assets 2017: $12,8032017Assets 2018: $51,282,029Liabilities 2018: $75,096,544Net Assets 2018: -$23,814,5152018Assets 2019: $59,472,360Liabilities 2019: $84,789,904Net Assets 2019: -$25,317,5442019Assets 2020: $65,905,192Liabilities 2020: $95,997,730Net Assets 2020: -$30,092,5382020Assets 2021: $76,625,137Liabilities 2021: $112,001,903Net Assets 2021: -$35,376,7662021Assets 2022: $80,905,973Liabilities 2022: $117,774,950Net Assets 2022: -$36,868,9772022Assets 2023: $69,600,555Liabilities 2023: $106,734,781Net Assets 2023: -$37,134,2262023Assets 2024: $80,909,457Liabilities 2024: $122,483,627Net Assets 2024: -$41,574,1702024

Highlighted filing

2014

Assets$4,588,970
Liabilities$4,373,985
Net Assets$214,985
Open 2014 Filing

Operations Trend

Revenue Growth77th percentile

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

$60M$40M$20M$0-$20MRevenue 2009: $2,951,546Expenses 2009: $2,897,148Net Income 2009: $54,3982009Revenue 2010: $3,941,168Expenses 2010: $3,966,010Net Income 2010: -$24,8422010Revenue 2011: $4,435,864Expenses 2011: $4,354,223Net Income 2011: $81,6412011Expenses 2012: $5,089,3362012Expenses 2013: $6,318,5722013Revenue 2014: $7,673,442Expenses 2014: $8,974,018Net Income 2014: -$1,300,5762014Revenue 2015: $10,658,801Expenses 2015: $11,020,103Net Income 2015: -$361,3022015Revenue 2016: $13,766,124Expenses 2016: $14,525,805Net Income 2016: -$759,6812016Revenue 2017: $17,956,121Expenses 2017: $17,413,338Net Income 2017: $542,7832017Revenue 2018: $22,082,656Expenses 2018: $22,386,965Net Income 2018: -$304,3092018Revenue 2019: $25,495,150Expenses 2019: $26,998,179Net Income 2019: -$1,503,0292019Revenue 2020: $27,026,388Expenses 2020: $31,801,382Net Income 2020: -$4,774,9942020Revenue 2021: $28,606,237Expenses 2021: $33,890,464Net Income 2021: -$5,284,2272021Revenue 2022: $32,111,830Expenses 2022: $33,604,041Net Income 2022: -$1,492,2112022Revenue 2023: $35,337,419Expenses 2023: $35,602,441Net Income 2023: -$265,0222023Revenue 2024: $42,336,827Expenses 2024: $46,776,771Net Income 2024: -$4,439,9442024

Highlighted filing

2014

Revenue$7,673,442
Expenses$8,974,018
Net Income-$1,300,576
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Dec 16, 2014
Return Version
2013v3.0
Gross Receipts
$9,754,944
Mission and Program Overview

Mission

The mission of odyssey charter school is to prepare students for a lifelong enthusiasm for learning, develop a keen awareness of world citizenship and culture and establish critical thinking and problem-solving proficiency through the added learning of the modern greek language and mathematics focus.

The mission of odyssey charter school is to prepare students for a lifelong enthusiasm for learning, develop a keen awareness of world citizenship and culture, and establish critical thinking and problem-solving proficiency through the added learning of the modern greek language and mathematics focus.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,627,046$3,898,524▼ $1,728,522
Pd in Cap Srpls Land Bldg Eqp Fund$1,215,284$831,015▼ $384,269
Cash and Non-Interest-Bearing Accounts$1,363,532$414,634▼ $948,898
Prepaid Expenses and Deferred Charges$48,198$260,491▲ $212,293
Accounts Receivable$31,471$13,874▼ $17,597
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$300,277$-616,030▼ $916,307
Total Assets$7,070,935$4,588,970▼ $2,481,965
Other Assets Total$688$1,447▲ $759
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,640,213$3,067,509▼ $1,572,704
Accounts Payable and Accrued Expenses$791,008$1,227,936▲ $436,928
Deferred Revenue$76,891$70,894▼ $5,997
Other Liabilities$47,262$7,646▼ $39,616
Total Liabilities$5,555,374$4,373,985▼ $1,181,389
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,515,561$214,985▼ $1,300,576
Total Liabilities and Net Assets / Fund Balance$7,070,935$4,588,970▼ $2,481,965

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,635,658$463,803$3,099,461
Leasehold Improvements$845,035-$845,035
Equipment$163,965$256,132$420,097
Other Land Buildings$60,921$321,829$382,750
Land$192,945-$192,945
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nick T ManolakosHeadmasterFT$118,048$7,903$125,951

Board Members and Trustees

NameTitle
George Chambers Ses MeaPresident
George Righos BsVice President
Dimitri Dandolos Bs MsMember
Jennifer Balas Ba MsMember
Kate KlemasMember
Mary Lou Strauss BsMember
Christopher GrivasSecretary
Theodore Nannas CPATreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
First StudentStudent Transportaion-$425,303
Revenue and Support

Revenue Composition

Contributions and Grants
$7,546,457
Program Service Revenue
$272,050
Investment Income
$-181,502
Other Revenue
$36,437
All Other Contributions
$86,611
Change in Net Assets
$-1,300,576

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,673,442
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$80,000
Total Revenue per Audited Statements
$7,753,442
Total Revenue per Form 990
$7,673,442
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,883,574
Other Expenses$3,090,444
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,055,006--$4,055,006
Other Employee Benefits$1,756,356--$1,756,356
Occupancy$1,008,482--$1,008,482
Depreciation Depletion$459,545--$459,545
Fees for Services Other$254,258--$254,258
Interest$187,461--$187,461
Other Expenses$97,515--$97,515
All Other Expenses$62,039--$62,039
Pension Plan Contributions$57,691--$57,691
Insurance$29,669--$29,669
Fees for Services Legal$19,930--$19,930
Payroll Taxes$14,521--$14,521
Fees for Services Accounting$11,000--$11,000
Advertising$5,990--$5,990
Travel$5,776--$5,776
Total Functional Expenses$8,974,018$0$0$8,974,018

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,054,018
Expenses per Audited Statements$8,974,018
Total Expenses per Form 990$8,974,018
Expenses Not Reported on Form 990$80,000
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,969
Fundraising Direct Expenses$0
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
Accrued Interest$7,646
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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

“Review of 990 at board meeting.”

Form 990, Part VI, Section B, Line 15

“Board of directors review and approve annual salaries for officers and key employees on an annual basis.”

Form 990, Part VI, Section C, Line 19

“All organization documents are made available to the public upon request.”

Filing and Contact Details

Filer

EIN
20-1787299
Phone
3026555760

Signing Officer

Name
Theodore Nannas
Title
Treasurer
Phone
3029946490
Signed
2014-12-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Theodore Nannas
Formed
2006
Legal Domicile
De
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Preparer
Edward Fronczkowski CPA
Phone
6106964353
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“There has been no change in the audit oversight or selection process.”

Financial Statement Notes

PART X, LINE 2:

“The school is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes has been reflected in the school's financial statements. The school is exempt from federal income tax under section 501(c)(3) of the internal revenue code. In addition, the school qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization that is not a private foundation under section 509(a)(2). The school believes it has appropriate support for any tax positions taken and, as such, does not have any uncertain tax positions that are material to the financial statements. The school's federal return of organization exempt from income tax (form 990) for tax years 2010, 2011 and 2012 is subject to examination by the irs, generally for three years after the tax returns were filed; however, there are currently no audits for any tax periods in progress.”

Raw XML AppendixShowing 400 of 465 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/ActivityOrMissionDesc0THE MISSION OF ODYSSEY CHARTER SCHOOL IS TO PREPARE STUDENTS FOR A LIFELONG ENTHUSIASM FOR LEARNING, DEVELOP A KEEN AWARENESS OF WORLD CITIZENSHIP AND CULTURE, AND ESTABLISH CRITICAL THINKING AND PROBLEM-SOLVING PROFICIENCY THROUGH THE ADDED LEARNING OF THE MODERN GREEK LANGUAGE AND MATHEMATICS FOCUS.
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IRS990/Desc0ODYSSEY CHARTER SCHOOL OPERATES A KINDERGARTEN THROUGH 7TH GRADE PUBLICLY-FUNDED CHARTER SCHOOL SERVING APPROXIMATELY 700 STUDENTS IN WILMINGTON, DELAWARE. ODYSSEY OFFERS AN INNOVATIVE APPROACH TO EDUCATION BY PROVIDING ITS STUDENTS WITH INSTRUCTION IN A SECOND LANGUAGE, GREEK, ALONG WITH AN EMPHASIS IN MATHEMATICS. THE GREEK LANGUAGE PROVIDES AN ADDITIONAL FOCUS ON THE CLASSIC ROOTS AND FUNDAMENTALS OF ENGLISH, LANGUAGE ARTS, MATHEMATICS, SCIENCE, AND SOCIAL STUDIES. A RIGOROUS STANDARDS-BASED CURRICULUM AND INSTRUCTION IN THE GREEK LANGUAGE IS DELIVERED IN A CHALLENGING, YET NURTURING, LEARNING ENVIRONMENT.
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF ODYSSEY CHARTER SCHOOL IS TO PREPARE STUDENTS FOR A LIFELONG ENTHUSIASM FOR LEARNING, DEVELOP A KEEN AWARENESS OF WORLD CITIZENSHIP AND CULTURE, AND ESTABLISH CRITICAL THINKING AND PROBLEM-SOLVING PROFICIENCY THROUGH THE ADDED LEARNING OF THE MODERN GREEK LANGUAGE AND MATHEMATICS FOCUS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04640213
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03067509
IRS990/NetAssetsOrFundBalancesBOYAmt01515561
IRS990/NetAssetsOrFundBalancesEOYAmt0214985
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-181502
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-181502
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt08969
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt08969
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01008482
IRS990/OccupancyGrp/TotalAmt01008482
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0688
IRS990/OtherAssetsTotalGrp/EOYAmt01447
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01756356
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01756356
IRS990/OtherExpensesGrp/Desc0BUS TRANSPORTATION SERV
IRS990/OtherExpensesGrp/Desc1SCHOOL SUPPLIES
IRS990/OtherExpensesGrp/Desc2CLEANING
IRS990/OtherExpensesGrp/Desc3MODULAR PAYMENTS
IRS990/OtherExpensesGrp/ProgramServicesAmt0431589
IRS990/OtherExpensesGrp/ProgramServicesAmt1374847
IRS990/OtherExpensesGrp/ProgramServicesAmt2142343
IRS990/OtherExpensesGrp/ProgramServicesAmt397515
IRS990/OtherExpensesGrp/TotalAmt0431589
IRS990/OtherExpensesGrp/TotalAmt1374847
IRS990/OtherExpensesGrp/TotalAmt2142343
IRS990/OtherExpensesGrp/TotalAmt397515
IRS990/OtherLiabilitiesGrp/BOYAmt047262
IRS990/OtherLiabilitiesGrp/EOYAmt07646
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0REBATES
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt015572
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt111896
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015572
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt111896
IRS990/OtherRevenueTotalAmt027468
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04055006
IRS990/OtherSalariesAndWagesGrp/TotalAmt04055006
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt014521
IRS990/PayrollTaxesGrp/TotalAmt014521
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01215284
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0831015
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt057691
IRS990/PensionPlanContributionsGrp/TotalAmt057691
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt048198
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0260491
IRS990/PrincipalOfficerNm0THEODORE NANNAS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0CAMP/CHILDCARE/CLUB MONTHLY FEE
IRS990/ProgramServiceRevenueGrp/Desc1MILK SALES
IRS990/ProgramServiceRevenueGrp/Desc2SUMMER CAMP
IRS990/ProgramServiceRevenueGrp/Desc3BEFORE AND AFTER CARE
IRS990/ProgramServiceRevenueGrp/Desc4CAMP
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0230105
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt121059
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt215201
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt34485
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4721
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0230105
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt121059
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt215201
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt34485
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4721
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06379887
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt08900
IRS990/PYOtherExpensesAmt02095537
IRS990/PYOtherRevenueAmt08449
IRS990/PYProgramServiceRevenueAmt0221542
IRS990/PYRevenuesLessExpensesAmt0300206
IRS990/PYSalariesCompEmpBnftPaidAmt04223035
IRS990/PYTotalExpensesAmt06318572
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06618778
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1300576
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0118016
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
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/BuildingsGrp/BookValueAmt02635658
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0463803
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03099461
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt080000
IRS990ScheduleD/DonatedServicesUseFcltsAmt080000
IRS990ScheduleD/EquipmentGrp/BookValueAmt0163965
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0256132
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0420097
IRS990ScheduleD/ExpensesNotReportedAmt080000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08974018
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0192945
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0192945
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0845035
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0845035
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt060921
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0321829
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0382750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07646
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/RevenueNotReportedAmt080000
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07673442
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE SCHOOL BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE SCHOOL'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR TAX YEARS 2010, 2011 AND 2012 IS SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THE TAX RETURNS WERE FILED; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03898524
IRS990ScheduleD/TotalExpensesPerForm990Amt08974018
IRS990ScheduleD/TotalLiabilityAmt07646
IRS990ScheduleD/TotalRevenuePerForm990Amt07673442
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07753442
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09054018
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S ENROLLMENT FLYER CONTAINS IT'S RACIALLY NONDISCRIMINATORY POLICY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FINANCIAL ASSISTANCE FROM FEDERAL AND STATE AGENCIES IN THE FORM OF GRANTS AND SUBSIDIES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEW OF 990 AT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF DIRECTORS REVIEW AND APPROVE ANNUAL SALARIES FOR OFFICERS AND KEY EMPLOYEES ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL ORGANIZATION DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE HAS BEEN NO CHANGE IN THE AUDIT OVERSIGHT OR SELECTION PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07070935
IRS990/TotalAssetsEOYAmt04588970
IRS990/TotalAssetsGrp/BOYAmt07070935
IRS990/TotalAssetsGrp/EOYAmt04588970
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt07546457
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$4,588,970
Liabilities
$4,373,985
Net assets
$214,985
Revenue
$7,673,442
Expenses
$8,974,018
Net income
-$1,300,576
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.9$122$41.6$42.3$46.8$4.44
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$69.6$107$37.1$35.3$35.6$0.27
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$80.9$118$36.9$32.1$33.6$1.49
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.6$112$35.4$28.6$33.9$5.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$65.9$96.0$30.1$27.0$31.8$4.77
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.5$84.8$25.3$25.5$27.0$1.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.3$75.1$23.8$22.1$22.4$0.30
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.2$44.2$0.01$18.0$17.4$0.54
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.0$41.9$1.93$13.8$14.5$0.76
2015Detailed filing. Detailed filing data is available for this year.$40.0$41.1$1.17$10.7$11.0$0.36
2014Detailed filing. Detailed filing data is available for this year.$4.59$4.37$0.21$7.67$8.97$1.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.07$5.56$1.52$6.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.79$3.58$1.22$5.09
2011Summary only. Only limited summary data is available for this year.$4.51$3.68$0.83$4.44$4.35$0.08
2010Summary only. Only limited summary data is available for this year.$4.32$3.57$0.75$3.94$3.97$0.02
2009Summary only. Only limited summary data is available for this year.$4.33$3.55$0.77$2.95$2.90$0.05