Civic Intelligence

Manara Academy Inc.

990 • Fiscal year 2015 • EIN 20-5254172

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 11, 2016

Organization ProfileMANARAACADEMY.ORG
8001 Jetstar Dr No 100Irving, TX 75063

(972) 304-1155

Siviq Scores

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

Liabilities / Assets

86th percentile

0.81x

Higher debt load relative to assets than 86% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

83rd percentile

1.26x

Higher debt load relative to revenue than 83% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

44th percentile

1.3%

Higher net margin than 44% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$116,828

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

96th percentile

79%

Faster asset growth than 96% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

85th percentile

34%

Faster revenue growth than 85% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$9,547,936

Up $4,204,069 (+79%) from 2014

Net Assets

Up

$1,839,013

Up $78,342 (+4.4%) from 2014

Liabilities

Up

$7,708,923

Up $4,125,727 (+115%) from 2014

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin44th percentile

Revenue

Up

$6,101,943

Up $1,558,266 (+34%) from 2014

Expenses

Up

$6,023,601

Up $1,930,448 (+47%) from 2014

Net Income

Down

$78,342

Down $372,182 (-83%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$10M$5.0M$0Assets 2011: $898,370Liabilities 2011: $256,740Net Assets 2011: $641,6302011Assets 2012: $1,427,863Liabilities 2012: $277,359Net Assets 2012: $1,150,5042012Assets 2013: $1,562,777Liabilities 2013: $252,652Net Assets 2013: $1,310,1252013Assets 2014: $5,343,867Liabilities 2014: $3,583,196Net Assets 2014: $1,760,6712014Assets 2015: $9,547,936Liabilities 2015: $7,708,923Net Assets 2015: $1,839,0132015Assets 2016: $9,389,854Liabilities 2016: $7,437,282Net Assets 2016: $1,952,5722016Assets 2017: $9,380,765Liabilities 2017: $7,572,478Net Assets 2017: $1,808,2872017Assets 2018: $9,589,479Liabilities 2018: $8,254,195Net Assets 2018: $1,335,2842018Assets 2019: $9,348,003Liabilities 2019: $8,138,829Net Assets 2019: $1,209,1742019Assets 2020: $8,906,007Liabilities 2020: $6,850,535Net Assets 2020: $2,055,4722020Assets 2021: $8,798,119Liabilities 2021: $5,914,286Net Assets 2021: $2,883,8332021Assets 2022: $5,781,314Liabilities 2022: $1,235,704Net Assets 2022: $4,545,6102022Assets 2023: $6,356,243Liabilities 2023: $1,835,081Net Assets 2023: $4,521,1622023Assets 2024: $6,526,178Liabilities 2024: $1,384,870Net Assets 2024: $5,141,3082024Assets 2025: $7,590,388Liabilities 2025: $2,365,977Net Assets 2025: $5,224,4112025

Highlighted filing

2015

Assets$9,547,936
Liabilities$7,708,923
Net Assets$1,839,013
Open 2015 Filing

Operations Trend

Revenue Growth85th percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $3,427,954Expenses 2011: $2,803,261Net Income 2011: $624,6932011Revenue 2012: $3,633,699Expenses 2012: $3,017,724Net Income 2012: $615,9752012Revenue 2013: $4,033,403Expenses 2013: $3,827,892Net Income 2013: $205,5112013Revenue 2014: $4,543,677Expenses 2014: $4,093,153Net Income 2014: $450,5242014Revenue 2015: $6,101,943Expenses 2015: $6,023,601Net Income 2015: $78,3422015Revenue 2016: $7,784,756Expenses 2016: $7,671,197Net Income 2016: $113,5592016Revenue 2017: $8,111,336Expenses 2017: $8,255,621Net Income 2017: -$144,2852017Revenue 2018: $8,345,953Expenses 2018: $8,818,956Net Income 2018: -$473,0032018Revenue 2019: $8,661,631Expenses 2019: $8,787,741Net Income 2019: -$126,1102019Revenue 2020: $7,850,701Expenses 2020: $7,004,403Net Income 2020: $846,2982020Revenue 2021: $7,313,954Expenses 2021: $6,485,593Net Income 2021: $828,3612021Revenue 2022: $9,235,633Expenses 2022: $7,573,856Net Income 2022: $1,661,7772022Revenue 2023: $6,560,183Expenses 2023: $6,584,631Net Income 2023: -$24,4482023Revenue 2024: $8,096,389Expenses 2024: $7,476,243Net Income 2024: $620,1462024Revenue 2025: $8,657,268Expenses 2025: $8,531,157Net Income 2025: $126,1112025

Highlighted filing

2015

Revenue$6,101,943
Expenses$6,023,601
Net Income$78,342
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 11, 2016
Return Version
2014v6.0
Gross Receipts
$6,112,681
Mission and Program Overview

Mission

Manara academy will provide students with a creative, adaptive and ethical environment to prepare them to become future leaders of the society. Provide high academic achievement. Firm command of a foreign language. Address the needs of students, their families and their communities by building on the strengths of students' cultural heritage and life experiences to enable them to become successful.

It is our vision to be the pinnacle of knowledge, character, ethics, and community building.(a) teach children to be cognitive, analytical, creative and enthusiastic lifelong learners.(b) teachers are role-models for their students.(c) parents are role-models for their children.(d) senior students are role-models for younger ones.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,780,279$7,025,157▲ $3,244,878
Pledges and Grants Receivable$653,248$925,866▲ $272,618
Savings and Temporary Cash Investments-$860,675-
Cash and Non-Interest-Bearing Accounts$706,012$370,024▼ $335,988
Inventories for Sale or Use-$75,568-
Prepaid Expenses and Deferred Charges$45,880--
Accounts Receivable-$9,092-
Total Assets$5,343,867$9,547,936▲ $4,204,069
Other Assets Total$158,448$281,554▲ $123,106
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,326,598$7,266,885▲ $3,940,287
Accounts Payable and Accrued Expenses$230,925$407,253▲ $176,328
Deferred Revenue$13,673$22,785▲ $9,112
Unsecured Notes Loans Payable$12,000$12,000→ $0
Total Liabilities$3,583,196$7,708,923▲ $4,125,727
Net Assets / Fund Balance
Unrestricted Net Assets$1,760,671$1,136,429▼ $624,242
Temporarily Rstr Net Assets-$702,584-
Total Net Assets Fund Balance$1,760,671$1,839,013▲ $78,342
Total Liabilities and Net Assets / Fund Balance$5,343,867$9,547,936▲ $4,204,069

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,476,773$379,827$4,856,600
Land$2,269,354-$2,269,354
Equipment$279,030$94,238$373,268
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Len StevensSuperintendentFT$113,903$2,925$116,828
Jumana AlkhatibBusiness ManagerFT$81,106$446$81,552

Board Members and Trustees

NameTitle
Ehap SabriPresident/director
Elisabeth ZouariDirector
Faisal ShaikhDirector
Naveed ShariffDirector
Jaszeer MohammedSecretary/director
Ezazul BakshiTreasurer/director
Sadak ShaikVice-pres/director

Highest Paid Contractors

ContractorServicesLocationCompensation
Twelve Oaks CateringFood Service10875 SHADY TRAIL, Dallas, TX 75220$177,162
Revenue and Support

Revenue Composition

Contributions and Grants
$5,975,449
Program Service Revenue
$109,747
Investment Income
$5
Other Revenue
$16,742
All Other Contributions
$61,364
Change in Net Assets
$78,342

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,101,943
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$10,738
Total Revenue per Audited Statements
$6,112,681
Total Revenue per Form 990
$6,101,943
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,655,203
Other Expenses$2,368,398
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,042,088$116,923-$3,159,011
Occupancy$1,099,248--$1,099,248
Current Officers, Directors, Trustees, and Key Employees-$195,009-$195,009
Depreciation Depletion$191,500--$191,500
Interest$187,847--$187,847
Other Employee Benefits$152,026$9,498-$161,524
All Other Expenses$72,893$56,405-$129,298
Pension Plan Contributions$81,678$6,663-$88,341
Other Expenses$74,429$2,831-$74,429
Travel$64,630$1,630-$66,260
Payroll Taxes$46,966$4,352-$51,318
Insurance$34,443--$34,443
Fees for Services Accounting-$13,426-$13,426
Fees for Services Other$9,021$3,145-$12,166
Fees for Services Legal$2,240$7,291-$9,531
Total Functional Expenses$5,606,428$417,173$0$6,023,601

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,034,339
Expenses per Audited Statements$6,023,601
Total Expenses per Form 990$6,023,601
Expenses Not Reported on Form 990$10,738
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$10,738
Fundraising Gross Income$10,738
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Dinner Fundraiser$20,843$10,738-$10,738
Total Events$20,843$10,738$10,738$0
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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

“Form 990 is prepared by outside accountants and reviewed by management. Management provides form 990 to the board of trustees who review then approve the report. The report is then signed by the treasurer of the board of directors.”

Form 990, Part VI, Section B, Line 12C

“The policy is reviewed annually in the governance forms submitted to the state of texas every fall.”

Form 990, Part VI, Section B, Line 15A

“There is a review of financial, and educational audits that are provided by texas education agency (tea) including ceo compensation.”

Form 990, Part VI, Section C, Line 19

“All policies and financial statements are provided to the texas education agency. The texas education agency posts an electronic copy of the audited financial statements on its website for public review.”

Filing and Contact Details

Filer

Filer Name
Manara Academy Inc
EIN
20-5254172
Phone
9723041155
Address
8001 JETSTAR DR NO 100, IRVING, TX 75063

Signing Officer

Name
Ezazul Bakshi
Title
Treasurer
Phone
9723041155
Signed
2016-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ehap Sabri
Formed
2006
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
112
Volunteers
50

Preparer

Firm
Judd Thomas Smith & Co Pc
Address
12222 MERIT DR SUITE 1900, DALLAS, TX 75251
Preparer
William H Mozley
Phone
9726615872
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The independent members of the governing board assume responsibility for oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising direct expenses that were reported as expense on audit were reclassed and included as fundraising direct expense on 990 10,738. Statement of revenue part viii line 8b.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising direct expenses that were reported as expense on audit were reclassed and included as fundraising direct expense on 990 10,738. Statement of revenue part viii line 8b.”

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IRS990/LandBldgEquipBasisNetGrp/BOYAmt03780279
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07025157
IRS990/LandBldgEquipCostOrOtherBssAmt07499222
IRS990/LegalDomicileStateCd0TX
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MANARA ACADEMY WILL PROVIDE STUDENTS WITH A CREATIVE, ADAPTIVE AND ETHICAL ENVIRONMENT TO PREPARE THEM TO BECOME FUTURE LEADERS OF THE SOCIETY. PROVIDE HIGH ACADEMIC ACHIEVEMENT. FIRM COMMAND OF A FOREIGN LANGUAGE. ADDRESS THE NEEDS OF STUDENTS, THEIR FAMILIES AND THEIR COMMUNITIES BY BUILDING ON THE STRENGTHS OF STUDENTS' CULTURAL HERITAGE AND LIFE EXPERIENCES TO ENABLE THEM TO BECOME SUCCESSFUL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03326598
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07266885
IRS990/NetAssetsOrFundBalancesBOYAmt01760671
IRS990/NetAssetsOrFundBalancesEOYAmt01839013
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt015107
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt015107
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01099248
IRS990/OccupancyGrp/TotalAmt01099248
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0158448
IRS990/OtherAssetsTotalGrp/EOYAmt0281554
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09498
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0152026
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0161524
IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1GENERAL SUPPLIES
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02831
IRS990/OtherExpensesGrp/ProgramServicesAmt0251909
IRS990/OtherExpensesGrp/ProgramServicesAmt1149765
IRS990/OtherExpensesGrp/ProgramServicesAmt2145745
IRS990/OtherExpensesGrp/ProgramServicesAmt374429
IRS990/OtherExpensesGrp/TotalAmt0251909
IRS990/OtherExpensesGrp/TotalAmt1152596
IRS990/OtherExpensesGrp/TotalAmt2145745
IRS990/OtherExpensesGrp/TotalAmt374429
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISC
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01635
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01635
IRS990/OtherRevenueTotalAmt01635
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0116923
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03042088
IRS990/OtherSalariesAndWagesGrp/TotalAmt03159011
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04352
IRS990/PayrollTaxesGrp/ProgramServicesAmt046966
IRS990/PayrollTaxesGrp/TotalAmt051318
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06663
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt081678
IRS990/PensionPlanContributionsGrp/TotalAmt088341
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0653248
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0925866
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt045880
IRS990/PrincipalOfficerNm0EHAP SABRI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL FEES
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt083193
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt126554
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt083193
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt126554
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04543677
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01531370
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0450524
IRS990/PYSalariesCompEmpBnftPaidAmt02543128
IRS990/PYTotalExpensesAmt04093153
IRS990/PYTotalProfFndrsngExpnsAmt018655
IRS990/PYTotalRevenueAmt04543677
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt078342
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt015107
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0111382
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0860675
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/BookValueAmt04476773
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0379827
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04856600
IRS990ScheduleD/EquipmentGrp/BookValueAmt0279030
IRS990ScheduleD/EquipmentGrp/DepreciationAmt094238
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0373268
IRS990ScheduleD/ExpensesNotReportedAmt010738
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06023601
IRS990ScheduleD/LandGrp/BookValueAmt02269354
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02269354
IRS990ScheduleD/OtherExpensesIncludedAmt010738
IRS990ScheduleD/OtherRevenueAmt010738
IRS990ScheduleD/RevenueNotReportedAmt010738
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06101943
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING DIRECT EXPENSES THAT WERE REPORTED AS EXPENSE ON AUDIT WERE RECLASSED AND INCLUDED AS FUNDRAISING DIRECT EXPENSE ON 990 10,738. STATEMENT OF REVENUE PART VIII LINE 8B.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING DIRECT EXPENSES THAT WERE REPORTED AS EXPENSE ON AUDIT WERE RECLASSED AND INCLUDED AS FUNDRAISING DIRECT EXPENSE ON 990 10,738. STATEMENT OF REVENUE PART VIII LINE 8B.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07025157
IRS990ScheduleD/TotalExpensesPerForm990Amt06023601
IRS990ScheduleD/TotalRevenuePerForm990Amt06101943
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06112681
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06034339
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/ExplanationTxt0POSTED ON THE SCHOOL WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1MANARA ACADEMY, INC. OPERATES AS A PUBLIC CHARTER SCHOOL IN TEXAS AND, AS SUCH, RECEIVES REVENUE FROM THE TEXAS EDUCATION AGENCY AND RELATED STATE AND FEDERAL AGENCIES AS ENTITLEMENTS AND/OR GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt010105
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt010105
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt010738
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL DINNER FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt010738
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt010738
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt020843
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt020843
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt010738
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt010738
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY OUTSIDE ACCOUNTANTS AND REVIEWED BY MANAGEMENT. MANAGEMENT PROVIDES FORM 990 TO THE BOARD OF TRUSTEES WHO REVIEW THEN APPROVE THE REPORT. THE REPORT IS THEN SIGNED BY THE TREASURER OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE POLICY IS REVIEWED ANNUALLY IN THE GOVERNANCE FORMS SUBMITTED TO THE STATE OF TEXAS EVERY FALL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE IS A REVIEW OF FINANCIAL, AND EDUCATIONAL AUDITS THAT ARE PROVIDED BY TEXAS EDUCATION AGENCY (TEA) INCLUDING CEO COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL POLICIES AND FINANCIAL STATEMENTS ARE PROVIDED TO THE TEXAS EDUCATION AGENCY. THE TEXAS EDUCATION AGENCY POSTS AN ELECTRONIC COPY OF THE AUDITED FINANCIAL STATEMENTS ON ITS WEBSITE FOR PUBLIC REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE INDEPENDENT MEMBERS OF THE GOVERNING BOARD ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0702584
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05343867
IRS990/TotalAssetsEOYAmt09547936
IRS990/TotalAssetsGrp/BOYAmt05343867
IRS990/TotalAssetsGrp/EOYAmt09547936
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05975449
IRS990/TotalEmployeeCnt0112

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,547,936
Liabilities
$7,708,923
Net assets
$1,839,013
Revenue
$6,101,943
Expenses
$6,023,601
Net income
$78,342
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.59$2.37$5.22$8.66$8.53$0.13
2024Detailed filing. Detailed filing data is available for this year.$6.53$1.38$5.14$8.10$7.48$0.62
2023Detailed filing. Detailed filing data is available for this year.$6.36$1.84$4.52$6.56$6.58$0.02
2022Detailed filing. Detailed filing data is available for this year.$5.78$1.24$4.55$9.24$7.57$1.66
2021Detailed filing. Detailed filing data is available for this year.$8.80$5.91$2.88$7.31$6.49$0.83
2020Detailed filing. Detailed filing data is available for this year.$8.91$6.85$2.06$7.85$7.00$0.85
2019Detailed filing. Detailed filing data is available for this year.$9.35$8.14$1.21$8.66$8.79$0.13
2018Detailed filing. Detailed filing data is available for this year.$9.59$8.25$1.34$8.35$8.82$0.47
2017Detailed filing. Detailed filing data is available for this year.$9.38$7.57$1.81$8.11$8.26$0.14
2016Detailed filing. Detailed filing data is available for this year.$9.39$7.44$1.95$7.78$7.67$0.11
2015Detailed filing. Detailed filing data is available for this year.$9.55$7.71$1.84$6.10$6.02$0.08
2014Summary only. Only limited summary data is available for this year.$5.34$3.58$1.76$4.54$4.09$0.45
2013Summary only. Only limited summary data is available for this year.$1.56$0.25$1.31$4.03$3.83$0.21
2012Summary only. Only limited summary data is available for this year.$1.43$0.28$1.15$3.63$3.02$0.62
2011Summary only. Only limited summary data is available for this year.$0.90$0.26$0.64$3.43$2.80$0.62