Civic Intelligence

Manara Academy Inc.

990 • Fiscal year 2016 • EIN 20-5254172

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 17, 2017

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

0.79x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

80th percentile

0.96x

Higher debt load relative to revenue than 80% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

47th percentile

1.5%

Higher net margin than 47% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

51st percentile

$122,373

Higher top officer pay than 51% of similar nonprofits.

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

34th percentile

-1.7%

Faster asset growth than 34% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

83rd percentile

28%

Faster revenue growth than 83% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$9,389,854

Down $158,082 (-1.7%) from 2015

Net Assets

Up

$1,952,572

Up $113,559 (+6.2%) from 2015

Liabilities

Down

$7,437,282

Down $271,641 (-3.5%) from 2015

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin47th percentile

Revenue

Up

$7,784,756

Up $1,682,813 (+28%) from 2015

Expenses

Up

$7,671,197

Up $1,647,596 (+27%) from 2015

Net Income

Up

$113,559

Up $35,217 (+45%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth34th 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

2016

Assets$9,389,854
Liabilities$7,437,282
Net Assets$1,952,572
Open 2016 Filing

Operations Trend

Revenue Growth83rd 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

2016

Revenue$7,784,756
Expenses$7,671,197
Net Income$113,559
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 17, 2017
Return Version
2015v3.0
Gross Receipts
$7,784,756
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$7,025,157$7,665,673▲ $640,516
Pledges and Grants Receivable$925,866$1,113,144▲ $187,278
Savings and Temporary Cash Investments$860,675--
Cash and Non-Interest-Bearing Accounts$370,024$286,571▼ $83,453
Inventories for Sale or Use$75,568$46,065▼ $29,503
Accounts Receivable$9,092$9,809▲ $717
Total Assets$9,547,936$9,389,854▼ $158,082
Other Assets Total$281,554$268,592▼ $12,962
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,266,885$6,967,047▼ $299,838
Accounts Payable and Accrued Expenses$407,253$454,985▲ $47,732
Unsecured Notes Loans Payable$12,000$12,000→ $0
Deferred Revenue$22,785$3,250▼ $19,535
Total Liabilities$7,708,923$7,437,282▼ $271,641
Net Assets / Fund Balance
Unrestricted Net Assets$1,136,429$1,369,856▲ $233,427
Temporarily Rstr Net Assets$702,584$582,716▼ $119,868
Total Net Assets Fund Balance$1,839,013$1,952,572▲ $113,559
Total Liabilities and Net Assets / Fund Balance$9,547,936$9,389,854▼ $158,082

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,076,803$576,992$5,653,795
Land$2,269,354-$2,269,354
Equipment$319,516$196,470$515,986
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Len StevensSuperintendentFT$119,446$2,927$122,373
Jumana AlkhatibBusiness ManagerFT$78,956$434$79,390

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$237,985
Revenue and Support

Revenue Composition

Contributions and Grants
$7,599,232
Program Service Revenue
$118,097
Investment Income
$29
Other Revenue
$67,398
All Other Contributions
$47,903
Change in Net Assets
$113,559

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,784,756
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,784,756
Total Revenue per Form 990
$7,784,756
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,684,372
Other Expenses$2,986,825
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,910,609$201,399-$4,112,008
Occupancy$1,329,230$27,053-$1,356,283
Interest$308,552--$308,552
Depreciation Depletion$299,397--$299,397
Current Officers, Directors, Trustees, and Key Employees-$198,402-$198,402
Other Employee Benefits$165,745$10,624-$176,369
Pension Plan Contributions$120,832$9,141-$129,973
Other Expenses$123,792$5,689-$123,792
Travel$73,037$3,859-$76,896
Payroll Taxes$62,155$5,465-$67,620
Insurance$48,380--$48,380
All Other Expenses$23,968$17,756-$41,724
Fees for Services Legal$36,058--$36,058
Fees for Services Accounting-$15,501-$15,501
Fees for Services Other$7,004$3,986-$10,990
Total Functional Expenses$7,172,322$498,875$0$7,671,197

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,671,197
Total Expenses per Audited Statements$7,671,197
Total Expenses per Form 990$7,671,197
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
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
Naveed Shariff
Title
Treasurer
Phone
9723041155
Signed
2017-02-17
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
146
Volunteers
89

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.”

Raw XML AppendixShowing 400 of 443 raw XML fields

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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/BOYAmt07266885
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06967047
IRS990/NetAssetsOrFundBalancesBOYAmt01839013
IRS990/NetAssetsOrFundBalancesEOYAmt01952572
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt067398
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt067398
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt027053
IRS990/OccupancyGrp/ProgramServicesAmt01329230
IRS990/OccupancyGrp/TotalAmt01356283
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0281554
IRS990/OtherAssetsTotalGrp/EOYAmt0268592
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010624
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0165745
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0176369
IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1GENERAL SUPPLIES
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05689
IRS990/OtherExpensesGrp/ProgramServicesAmt0265554
IRS990/OtherExpensesGrp/ProgramServicesAmt1235454
IRS990/OtherExpensesGrp/ProgramServicesAmt2162555
IRS990/OtherExpensesGrp/ProgramServicesAmt3123792
IRS990/OtherExpensesGrp/TotalAmt0265554
IRS990/OtherExpensesGrp/TotalAmt1241143
IRS990/OtherExpensesGrp/TotalAmt2162555
IRS990/OtherExpensesGrp/TotalAmt3123792
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0201399
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03910609
IRS990/OtherSalariesAndWagesGrp/TotalAmt04112008
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05465
IRS990/PayrollTaxesGrp/ProgramServicesAmt062155
IRS990/PayrollTaxesGrp/TotalAmt067620
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09141
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0120832
IRS990/PensionPlanContributionsGrp/TotalAmt0129973
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0925866
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01113144
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0EHAP SABRI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL FEES
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt072913
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt145184
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt072913
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt145184
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05975449
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05
IRS990/PYOtherExpensesAmt02368398
IRS990/PYOtherRevenueAmt016742
IRS990/PYProgramServiceRevenueAmt0109747
IRS990/PYRevenuesLessExpensesAmt078342
IRS990/PYSalariesCompEmpBnftPaidAmt03655203
IRS990/PYTotalExpensesAmt06023601
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06101943
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0113559
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt067398
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0118097
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0860675
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/BookValueAmt05076803
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0576992
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05653795
IRS990ScheduleD/EquipmentGrp/BookValueAmt0319516
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0196470
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0515986
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07671197
IRS990ScheduleD/LandGrp/BookValueAmt02269354
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02269354
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07784756
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07665673
IRS990ScheduleD/TotalExpensesPerForm990Amt07671197
IRS990ScheduleD/TotalRevenuePerForm990Amt07784756
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07784756
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07671197
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
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/BOYAmt0702584
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0582716
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09547936
IRS990/TotalAssetsEOYAmt09389854
IRS990/TotalAssetsGrp/BOYAmt09547936
IRS990/TotalAssetsGrp/EOYAmt09389854
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt07599232
IRS990/TotalEmployeeCnt0146
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0498875
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07172322
IRS990/TotalFunctionalExpensesGrp/TotalAmt07671197
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07708923
IRS990/TotalLiabilitiesEOYAmt07437282
IRS990/TotalLiabilitiesGrp/BOYAmt07708923
IRS990/TotalLiabilitiesGrp/EOYAmt07437282
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01839013
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01952572
IRS990/TotalOtherCompensationAmt03361
IRS990/TotalProgramServiceExpensesAmt07172322
IRS990/TotalProgramServiceRevenueAmt0118097
IRS990/TotalReportableCompFromOrgAmt0198402
IRS990/TotalRevenueGrp/ExclusionAmt067427
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0118097
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07784756
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt089
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09547936
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09389854
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt03859
IRS990/TravelGrp/ProgramServicesAmt073037
IRS990/TravelGrp/TotalAmt076896

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,389,854
Liabilities
$7,437,282
Net assets
$1,952,572
Revenue
$7,784,756
Expenses
$7,671,197
Net income
$113,559
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