Civic Intelligence

Thales Academy

990 • Fiscal year 2014 • EIN 20-8920342

Jul 01, 2013 to Jun 30, 2014 • Filed on May 13, 2015

Organization ProfileWWW.THALESACADEMY.ORG
4641 Paragon Park RoadSuite27616

(919) 453-6415

Siviq Scores

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

Liabilities / Assets

81st percentile

0.75x

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

2014 filings • NTEE B • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

82nd percentile

1.70x

Higher debt load relative to revenue than 82% of similar nonprofits.

2014 filings • NTEE B • $25M-$50M nonprofits • Source year 2014

Net Margin

84th percentile

38%

Higher net margin than 84% of similar nonprofits.

2014 filings • NTEE B • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

16th percentile

$82,866

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2014 filings • NTEE B • $25M-$50M nonprofits • Source year 2014

Asset Growth

90th percentile

35%

Faster asset growth than 90% of similar nonprofits.

2014 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$26,350,263

Up $6,764,467 (+35%) from 2013

Net Assets

Up

$6,631,243

Up $4,451,582 (+204%) from 2013

Liabilities

Up

$19,719,020

Up $2,312,885 (+13%) from 2013

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin84th percentile

Revenue

$11,633,633

No earlier filing loaded for comparison.

Expenses

Up

$7,182,051

Up $1,095,965 (+18%) from 2013

Net Income

$4,451,582

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$200M$150M$100M$50M$0Assets 2011: $16,437,510Liabilities 2011: $15,492,559Net Assets 2011: $944,9512011Assets 2012: $17,878,874Liabilities 2012: $15,433,450Net Assets 2012: $2,445,4242012Assets 2013: $19,585,796Liabilities 2013: $17,406,135Net Assets 2013: $2,179,6612013Assets 2014: $26,350,263Liabilities 2014: $19,719,020Net Assets 2014: $6,631,2432014Assets 2015: $35,309,363Liabilities 2015: $24,697,030Net Assets 2015: $10,612,3332015Assets 2016: $41,614,175Liabilities 2016: $29,175,871Net Assets 2016: $12,438,3042016Assets 2017: $44,255,533Liabilities 2017: $28,565,634Net Assets 2017: $15,689,8992017Assets 2018: $68,361,699Liabilities 2018: $33,855,028Net Assets 2018: $34,506,6712018Assets 2019: $97,936,432Liabilities 2019: $26,777,685Net Assets 2019: $71,158,7472019Assets 2020: $101,220,882Liabilities 2020: $37,173,716Net Assets 2020: $64,047,1662020Assets 2021: $136,454,160Liabilities 2021: $38,223,409Net Assets 2021: $98,230,7512021Assets 2022: $156,547,178Liabilities 2022: $40,814,658Net Assets 2022: $115,732,5202022Assets 2023: $158,100,610Liabilities 2023: $37,771,351Net Assets 2023: $120,329,2592023Assets 2024: $184,183,775Liabilities 2024: $40,038,177Net Assets 2024: $144,145,5982024

Highlighted filing

2014

Assets$26,350,263
Liabilities$19,719,020
Net Assets$6,631,243
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$80M$60M$40M$20M$0-$20MExpenses 2011: $4,014,7572011Expenses 2012: $5,104,7632012Expenses 2013: $6,086,0862013Revenue 2014: $11,633,633Expenses 2014: $7,182,051Net Income 2014: $4,451,5822014Revenue 2015: $13,737,675Expenses 2015: $9,756,585Net Income 2015: $3,981,0902015Revenue 2016: $14,521,631Expenses 2016: $12,695,660Net Income 2016: $1,825,9712016Revenue 2017: $18,515,814Expenses 2017: $15,264,219Net Income 2017: $3,251,5952017Revenue 2018: $36,289,807Expenses 2018: $18,281,882Net Income 2018: $18,007,9252018Revenue 2019: $57,196,114Expenses 2019: $21,057,204Net Income 2019: $36,138,9102019Revenue 2020: $18,592,138Expenses 2020: $23,267,652Net Income 2020: -$4,675,5142020Revenue 2021: $55,473,682Expenses 2021: $27,296,986Net Income 2021: $28,176,6962021Revenue 2022: $53,403,024Expenses 2022: $32,633,017Net Income 2022: $20,770,0072022Revenue 2023: $43,462,367Expenses 2023: $41,602,603Net Income 2023: $1,859,7642023Revenue 2024: $71,208,122Expenses 2024: $47,916,851Net Income 2024: $23,291,2712024

Highlighted filing

2014

Revenue$11,633,633
Expenses$7,182,051
Net Income$4,451,582
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 13, 2015
Return Version
2013v4.0
Gross Receipts
$11,633,633
Mission and Program Overview

Mission

Thales academy is an independent school serving students from pre-kindergarten to twelfth grade.

Thales academy is an independent school serving grades kindergarten through eight.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,702,333$25,391,607▲ $6,689,274
Loans From Officers Directors$5,870,000$9,300,000▲ $3,430,000
Prepaid Expenses and Deferred Charges$372,877$358,923▼ $13,954
Accounts Receivable$133,491$238,573▲ $105,082
Inventories for Sale or Use$186,145$176,051▼ $10,094
Cash and Non-Interest-Bearing Accounts$41,332$43,769▲ $2,437
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Total Assets$19,585,796$26,350,263▲ $6,764,467
Other Assets Total$149,618$141,340▼ $8,278
Liabilities
Tax Exempt Bond Liabilities$9,597,910$9,181,242▼ $416,668
Other Liabilities$606,390$637,525▲ $31,135
Accounts Payable and Accrued Expenses$1,331,835$600,253▼ $731,582
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$17,406,135$19,719,020▲ $2,312,885
Net Assets / Fund Balance
Unrestricted Net Assets$2,179,661$6,631,243▲ $4,451,582
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$2,179,661$6,631,243▲ $4,451,582
Total Liabilities and Net Assets / Fund Balance$19,585,796$26,350,263▲ $6,764,467

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,944,491$2,252,852$22,197,343
Land$3,742,539-$3,742,539
Equipment$1,640,468$907,823$2,548,291
Other Land Buildings$64,109-$64,109
Leasehold Improvements$0$12,565$12,565
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleBaseOtherTotal
Robert L LuddyPresident & Chair$71,785$11,081$82,866
William H Francis JrSecretary-treasurer$69,627$6,879$76,506

Board Members and Trustees

NameTitle
Judy a NunnenkampVice President
Kent MisegadesDirector
Hilary HillmanHead of School - Apex
Carrie S LambertHead of School - Wake Forest
Revenue and Support

Revenue Composition

Contributions and Grants
$5,195,750
Program Service Revenue
$6,426,523
Investment Income
$0
Other Revenue
$11,360
All Other Contributions
$5,195,750
Change in Net Assets
$4,451,582

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,622,983
Revenue Not Reported on Financial Statements
$10,650
Revenue Not Reported on Form 990
$-235,693
Other Revenue Adjustments
$10,650
Total Revenue per Audited Statements
$11,387,290
Total Revenue per Form 990
$11,633,633
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,440,101
Other Expenses$2,506,257
Grants and Similar Amounts Paid$235,693
Total Fundraising Expense$151,969
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,668,810--$3,668,810
Depreciation Depletion$894,831$18,193-$913,024
Payroll Taxes$332,514$6,760-$339,274
Grants to Domestic Individuals$235,693--$235,693
Other Employee Benefits$217,048--$217,048
Occupancy$173,096$3,519-$176,615
Current Officers, Directors, Trustees, and Key Employees$82,125$82,125-$164,250
Office Expenses$114,348$49,565-$163,913
Other Expenses$99,497$5,240$151,969$151,969
Interest$141,641$2,880-$144,521
Fees for Services Other$52,000$7,668-$59,668
Pension Plan Contributions$50,719--$50,719
Fees for Services Management-$39,120-$39,120
Information Technology$17,184$11,456-$28,640
Insurance$10,255$6,837-$17,092
All Other Expenses$15,143$1,259-$16,402
Fees for Services Accounting-$9,230-$9,230
Travel$3,297$3,297-$6,594
Fees for Services Legal-$2,052-$2,052
Total Functional Expenses$6,780,881$249,201$151,969$7,182,051

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,182,051
Expenses per Audited Statements$6,946,358
Total Expenses per Audited Statements$6,935,708
Expenses Not Reported on Financial Statements$235,693
Other Expense Adjustments$235,693
Expenses Not Reported on Form 990$-10,650
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$5,870,000$9,300,000▲ $3,430,000
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advance Registration & Tuition$637,525

Bond Issues

BondIssuerIssuedIssue PricePurpose
A56-15921542010-10-01$10,500,000Finance of educational facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$10,500,000$0$1,318,758$140,758

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
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
Yes
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 REVIEW PROCESS: The completed Form 990 was reviewed by the Finance Officer, who discussed questions and issues with the tax preparer. The Finance Officer then reviewed the final Form 990 with the Chairman of the Board of Directors before filing electronically.”

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

“MONITORING CONFLICTS OF INTEREST: Annual conflict disclosures are required and are reviewed by the Finance Officer. Independently, during the accounts payable process, invoices are reviewed and any potential conflict of interest issues are resolved prior to payment.”

Form 990, Part VI - Section B, Line 15

“PROCESS FOR DETERMINING COMPENSATION: The top management official of the school is the Headmaster. Compensation was determined based upon review of compensation of similar positions at other private schools in the area, experience and seniority, along with evaluation of overall performance based on multiple issues, including a performance review prepared by the Board of Directors.”

Form 990, Part VI - Section C, Line 19

“MAKING INFORMATION AVAILABLE TO THE PUBLIC: Documents are made available upon written request.”

Filing and Contact Details

Filer

EIN
20-8920342
In Care Of
% WILLIAM H FRANCIS JR
Phone
9194536415

Signing Officer

Name
William Francis Jr
Title
Secretary-treasurer
Phone
9198822410
Signed
2015-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William H Francis Jr
Formed
2007
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
4
Employees
170
Volunteers
95

Preparer

Preparer
Ronald A Batchelor
Phone
9198822410
Supplemental Narrative

Financial Statement Notes

Schedule D, Part XI, Lines 2D & 4B

“Reconciliation of revenue: -$235,693 financial assistance netted with tuition income for financial statements (line 2d) and $10,650 other income netted with expenses for financial statements (line 4b)”

Schedule D, Part XII, Lines 2D & 4B

“Reconciliation of expenses: -$10,650 other income reclassed from financial statement expense (line 2d) and $235,693 financial assistance netted with tuition income for financial statements (line 4b)”

Schedule D, Part X, Line 2

“Uncertain tax positions under fin 48 (asc 740): management of the school does not believe the financial statements include any uncertain tax positions. Tax years ended june 30, 2011 through june 30, 2014 remain open for examination by taxing authorities as of the date of this report.”

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IRS990/MissionDesc0THALES ACADEMY IS AN INDEPENDENT SCHOOL SERVING GRADES KINDERGARTEN THROUGH EIGHT.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt02179661
IRS990/NetAssetsOrFundBalancesEOYAmt06631243
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt03519
IRS990/OccupancyGrp/ProgramServicesAmt0173096
IRS990/OccupancyGrp/TotalAmt0176615
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt049565
IRS990/OfficeExpensesGrp/ProgramServicesAmt0114348
IRS990/OfficeExpensesGrp/TotalAmt0163913
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0149618
IRS990/OtherAssetsTotalGrp/EOYAmt0141340
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0217048
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0217048
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE & REPAIR
IRS990/OtherExpensesGrp/Desc2STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/Desc3MARKETING
IRS990/OtherExpensesGrp/FundraisingAmt0151969
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05240
IRS990/OtherExpensesGrp/ProgramServicesAmt0414947
IRS990/OtherExpensesGrp/ProgramServicesAmt1257733
IRS990/OtherExpensesGrp/ProgramServicesAmt299497
IRS990/OtherExpensesGrp/TotalAmt0414947
IRS990/OtherExpensesGrp/TotalAmt1262973
IRS990/OtherExpensesGrp/TotalAmt299497
IRS990/OtherExpensesGrp/TotalAmt3151969
IRS990/OtherLiabilitiesGrp/BOYAmt0606390
IRS990/OtherLiabilitiesGrp/EOYAmt0637525
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt011360
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011360
IRS990/OtherRevenueTotalAmt011360
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03668810
IRS990/OtherSalariesAndWagesGrp/TotalAmt03668810
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06760
IRS990/PayrollTaxesGrp/ProgramServicesAmt0332514
IRS990/PayrollTaxesGrp/TotalAmt0339274
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt050719
IRS990/PensionPlanContributionsGrp/TotalAmt050719
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0372877
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0358923
IRS990/PrincipalOfficerNm0WILLIAM H FRANCIS JR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1AFTERSCHOOL CARE FEES
IRS990/ProgramServiceRevenueGrp/Desc2STUDENT ACTIVITY FEES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0304069
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06012731
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1109723
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06012731
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1304069
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2109723
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0358919
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0237719
IRS990/PYInvestmentIncomeAmt035
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02092849
IRS990/PYOtherRevenueAmt039051
IRS990/PYProgramServiceRevenueAmt05422318
IRS990/PYRevenuesLessExpensesAmt0-265763
IRS990/PYSalariesCompEmpBnftPaidAmt03755518
IRS990/PYTotalExpensesAmt06086086
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05820323
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt04451582
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt06426523
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Contribution35ControlledInd0false
IRS990ScheduleA/ContributionControllerInd0false
IRS990ScheduleA/ContributionFamilyInd0false
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt019944491
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02252852
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt022197343
IRS990ScheduleD/EquipmentGrp/BookValueAmt01640468
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0907823
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02548291
IRS990ScheduleD/ExpensesNotReportedAmt0-10650
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0235693
IRS990ScheduleD/ExpensesSubtotalAmt06946358
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03742539
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03742539
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012565
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012565
IRS990ScheduleD/OtherExpensesIncludedAmt0-10650
IRS990ScheduleD/OtherExpensesNotIncludedAmt0235693
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt064109
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt064109
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0637525
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCE REGISTRATION & TUITION
IRS990ScheduleD/OtherRevenueAmt0-235693
IRS990ScheduleD/OtherRevenuesNotIncludedAmt010650
IRS990ScheduleD/RevenueNotReportedAmt0-235693
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt010650
IRS990ScheduleD/RevenueSubtotalAmt011622983
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RECONCILIATION OF REVENUE: -$235,693 FINANCIAL ASSISTANCE NETTED WITH TUITION INCOME FOR FINANCIAL STATEMENTS (LINE 2D) AND $10,650 OTHER INCOME NETTED WITH EXPENSES FOR FINANCIAL STATEMENTS (LINE 4B)
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECONCILIATION OF EXPENSES: -$10,650 OTHER INCOME RECLASSED FROM FINANCIAL STATEMENT EXPENSE (LINE 2D) AND $235,693 FINANCIAL ASSISTANCE NETTED WITH TUITION INCOME FOR FINANCIAL STATEMENTS (LINE 4B)
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740): MANAGEMENT OF THE SCHOOL DOES NOT BELIEVE THE FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. TAX YEARS ENDED JUNE 30, 2011 THROUGH JUNE 30, 2014 REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES AS OF THE DATE OF THIS REPORT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART XI, LINES 2D & 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PART XII, LINES 2D & 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PART X, LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025391607
IRS990ScheduleD/TotalExpensesPerForm990Amt07182051
IRS990ScheduleD/TotalLiabilityAmt0637525
IRS990ScheduleD/TotalRevenuePerForm990Amt011633633
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011387290
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06935708
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0RACIALLY NONDISCRIMINATORY POLICY: THALES ACADEMY PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH ITS WEBSITE, NEWSPAPER ADS, AND RECRUITMENT MATERIALS USED IN SOLICITING STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, QUESTION 3
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0235693
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt086
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: The school uses an outside service to collect and process financial information provided by applicants. This service is provided by FACTS Grant & Aid. Applicants submit their family financial information to FACTS for processing. A summary report of this information is sent to the school. When this report is received, the financial aid committee reviews the report and makes awards considering the information provided in that report.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GICProviderName/BusinessNameLine100
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeProviderName/BusinessNameLine100

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$26,350,263
Liabilities
$19,719,020
Net assets
$6,631,243
Revenue
$11,633,633
Expenses
$7,182,051
Net income
$4,451,582
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$184$40.0$144$71.2$47.9$23.3
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$158$37.8$120$43.5$41.6$1.86
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$157$40.8$116$53.4$32.6$20.8
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$136$38.2$98.2$55.5$27.3$28.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$101$37.2$64.0$18.6$23.3$4.68
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$97.9$26.8$71.2$57.2$21.1$36.1
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$68.4$33.9$34.5$36.3$18.3$18.0
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.3$28.6$15.7$18.5$15.3$3.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.6$29.2$12.4$14.5$12.7$1.83
2015Detailed filing. Detailed filing data is available for this year.$35.3$24.7$10.6$13.7$9.76$3.98
2014Detailed filing. Detailed filing data is available for this year.$26.4$19.7$6.63$11.6$7.18$4.45
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.6$17.4$2.18$6.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.9$15.4$2.45$5.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$15.5$0.94$4.01
Peer Organizations

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