Civic Intelligence

Manara Academy Inc.

990 • Fiscal year 2019 • EIN 20-5254172

Jul 01, 2018 to Jun 30, 2019 • Filed on Jun 17, 2020

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

88th percentile

0.87x

Higher debt load relative to assets than 88% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

81st percentile

0.94x

Higher debt load relative to revenue than 81% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

33rd percentile

-1.5%

Higher net margin than 33% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

58th percentile

$140,796

Higher top officer pay than 58% of similar nonprofits.

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

25th percentile

-2.5%

Faster asset growth than 25% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

50th percentile

3.8%

Faster revenue growth than 50% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$9,348,003

Down $241,476 (-2.5%) from 2018

Net Assets

Down

$1,209,174

Down $126,110 (-9.4%) from 2018

Liabilities

Down

$8,138,829

Down $115,366 (-1.4%) from 2018

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin33rd percentile

Revenue

Up

$8,661,631

Up $315,678 (+3.8%) from 2018

Expenses

Down

$8,787,741

Down $31,215 (-0.4%) from 2018

Net Income

Up

-$126,110

Up $346,893 (+73%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2019

Assets$9,348,003
Liabilities$8,138,829
Net Assets$1,209,174
Open 2019 Filing

Operations Trend

Revenue Growth50th 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

2019

Revenue$8,661,631
Expenses$8,787,741
Net Income-$126,110
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jun 17, 2020
Return Version
2018v3.1
Gross Receipts
$8,661,631
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$7,312,742$7,085,879▼ $226,863
Pledges and Grants Receivable$1,202,672$1,262,033▲ $59,361
Cash and Non-Interest-Bearing Accounts$770,711$815,815▲ $45,104
Prepaid Expenses and Deferred Charges$59,606--
Loans From Officers Directors-$30,000-
Total Assets$9,589,479$9,348,003▼ $241,476
Other Assets Total$243,748$184,276▼ $59,472
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,441,477$6,751,007▼ $690,470
Accounts Payable and Accrued Expenses$810,998$1,357,822▲ $546,824
Deferred Revenue$1,720$0▼ $1,720
Total Liabilities$8,254,195$8,138,829▼ $115,366
Net Assets / Fund Balance
Unrestricted Net Assets$1,301,385$1,209,174▼ $92,211
Temporarily Rstr Net Assets$33,899$0▼ $33,899
Total Net Assets Fund Balance$1,335,284$1,209,174▼ $126,110
Total Liabilities and Net Assets / Fund Balance$9,589,479$9,348,003▼ $241,476

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,567,928$1,023,271$5,591,199
Land$2,269,354-$2,269,354
Equipment$248,597$417,973$666,570
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fred ClarkeSuperintendentFT$136,296$4,500$140,796

Board Members and Trustees

NameTitle
Dr Ehap SabriPresident/director
Dr Ali ShaqlaihDirector
Naveed ShariffDirector
Randal ShafferDirector
Jaszeer MohammedSecretary/director
Debbie RichTreasurer/director
Sadak ShaikVice-pres/director
Revenue and Support

Revenue Composition

Contributions and Grants
$8,466,864
Program Service Revenue
$148,004
Investment Income
$0
Other Revenue
$46,763
All Other Contributions
$58,598
Change in Net Assets
$-126,110

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,661,631
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,661,631
Total Revenue per Form 990
$8,661,631
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,297,669
Other Expenses$3,490,072
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,552,196$216,772-$4,768,968
Occupancy$1,486,676$42,413-$1,529,089
Interest$451,114--$451,114
Depreciation Depletion$297,104--$297,104
Information Technology$204,239--$204,239
Other Employee Benefits$173,173$6,733-$179,906
Fees for Services Other$122,279$55,808-$178,087
Pension Plan Contributions$138,479$7,702-$146,181
Current Officers, Directors, Trustees, and Key Employees-$136,296-$136,296
Payroll Taxes$61,675$4,643-$66,318
Insurance$62,492--$62,492
Fees for Services Legal$24,644--$24,644
Travel$18,521$2,333-$20,854
Fees for Services Accounting-$13,732-$13,732
Other Expenses$100$7,742-$7,842
Total Functional Expenses$8,274,133$513,608$0$8,787,741

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,787,741
Total Expenses per Audited Statements$8,787,741
Total Expenses per Form 990$8,787,741
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$30,000-
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 11B

“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
Debbie Rich
Title
Treasurer
Phone
9723041155
Signed
2020-06-17
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
143
Volunteers
99

Preparer

Firm
Judd Thomas Smith & Co Pc
Address
12222 MERIT DR SUITE 1900, DALLAS, TX 75251
Preparer
Andrew J Moore
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 XII, Line 2D - Other Adjustments

“Part vi, land,buildings,and equipment: during the fiscal year ended june 30, 2019, $246,201.41 of fixed assets were written off as obsolete. There were no sales proceeds realized. The accumulated depreciation for these assets was $246,201.41, resulting in no gain or loss.”

Raw XML AppendixShowing 400 of 440 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/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06733
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0173173
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0179906
IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1GENERAL SUPPLIES
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc3TUITION AND RELATED FEE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt019434
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27742
IRS990/OtherExpensesGrp/ProgramServicesAmt0376798
IRS990/OtherExpensesGrp/ProgramServicesAmt1224907
IRS990/OtherExpensesGrp/ProgramServicesAmt279736
IRS990/OtherExpensesGrp/ProgramServicesAmt3100
IRS990/OtherExpensesGrp/TotalAmt0376798
IRS990/OtherExpensesGrp/TotalAmt1244341
IRS990/OtherExpensesGrp/TotalAmt279736
IRS990/OtherExpensesGrp/TotalAmt37842
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0216772
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04552196
IRS990/OtherSalariesAndWagesGrp/TotalAmt04768968
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04643
IRS990/PayrollTaxesGrp/ProgramServicesAmt061675
IRS990/PayrollTaxesGrp/TotalAmt066318
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07702
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0138479
IRS990/PensionPlanContributionsGrp/TotalAmt0146181
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01202672
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01262033
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt059606
IRS990/PrincipalOfficerNm0EHAP SABRI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0148004
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0148004
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08216571
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02974726
IRS990/PYOtherRevenueAmt054990
IRS990/PYProgramServiceRevenueAmt074392
IRS990/PYRevenuesLessExpensesAmt0-473003
IRS990/PYSalariesCompEmpBnftPaidAmt05844230
IRS990/PYTotalExpensesAmt08818956
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08345953
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-126110
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt046763
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0148004
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04567928
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01023271
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05591199
IRS990ScheduleD/EquipmentGrp/BookValueAmt0248597
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0417973
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0666570
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08787741
IRS990ScheduleD/LandGrp/BookValueAmt02269354
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02269354
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08661631
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART VI, LAND,BUILDINGS,AND EQUIPMENT: DURING THE FISCAL YEAR ENDED JUNE 30, 2019, $246,201.41 OF FIXED ASSETS WERE WRITTEN OFF AS OBSOLETE. THERE WERE NO SALES PROCEEDS REALIZED. THE ACCUMULATED DEPRECIATION FOR THESE ASSETS WAS $246,201.41, RESULTING IN NO GAIN OR LOSS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 2D - OTHER ADJUSTMENTS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07085879
IRS990ScheduleD/TotalExpensesPerForm990Amt08787741
IRS990ScheduleD/TotalRevenuePerForm990Amt08661631
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08661631
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08787741
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
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt015000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt115000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0WORKING CAPITAL/OPERATING CASH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1WORKING CAPITAL/OPERATING CASH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt015000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt115000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DR EHAP SABRI
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1SADAK SHAIK
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT/DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1VICE-PRES/DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/TotalBalanceDueAmt030000
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 11B
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt033899
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09589479
IRS990/TotalAssetsEOYAmt09348003
IRS990/TotalAssetsGrp/BOYAmt09589479
IRS990/TotalAssetsGrp/EOYAmt09348003
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt08466864
IRS990/TotalEmployeeCnt0143
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0513608
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08274133
IRS990/TotalFunctionalExpensesGrp/TotalAmt08787741
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08254195
IRS990/TotalLiabilitiesEOYAmt08138829
IRS990/TotalLiabilitiesGrp/BOYAmt08254195
IRS990/TotalLiabilitiesGrp/EOYAmt08138829
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01335284
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01209174
IRS990/TotalOtherCompensationAmt04500
IRS990/TotalProgramServiceExpensesAmt08274133
IRS990/TotalProgramServiceRevenueAmt0148004
IRS990/TotalReportableCompFromOrgAmt0136296
IRS990/TotalRevenueGrp/ExclusionAmt046763
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0148004
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08661631
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt099
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09589479
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09348003
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02333
IRS990/TravelGrp/ProgramServicesAmt018521
IRS990/TravelGrp/TotalAmt020854
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01301385
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01209174
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08001 JETSTAR DR NO 100
IRS990/USAddress/CityNm0IRVING

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,348,003
Liabilities
$8,138,829
Net assets
$1,209,174
Revenue
$8,661,631
Expenses
$8,787,741
Net income
-$126,110
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