Civic Intelligence

Thales Academy

990 • Fiscal year 2015 • EIN 20-8920342

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 12, 2016

Organization ProfileWWW.THALESACADEMY.ORG
4641 Paragon Park RoadRaleigh, NC 27616

(919) 453-6415

Siviq Scores

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

Liabilities / Assets

79th percentile

0.70x

Higher debt load relative to assets than 79% of similar nonprofits.

2015 filings • NTEE B • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

82nd percentile

1.80x

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

2015 filings • NTEE B • $25M-$50M nonprofits • Source year 2015

Net Margin

82nd percentile

29%

Higher net margin than 82% of similar nonprofits.

2015 filings • NTEE B • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

11th percentile

$76,535

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2015 filings • NTEE B • $25M-$50M nonprofits • Source year 2015

Asset Growth

95th percentile

34%

Faster asset growth than 95% of similar nonprofits.

2015 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

77th percentile

18%

Faster revenue growth than 77% of similar nonprofits.

2015 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$35,309,363

Up $8,959,100 (+34%) from 2014

Net Assets

Up

$10,612,333

Up $3,981,090 (+60%) from 2014

Liabilities

Up

$24,697,030

Up $4,978,010 (+25%) from 2014

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin82nd percentile

Revenue

Up

$13,737,675

Up $2,104,042 (+18%) from 2014

Expenses

Up

$9,756,585

Up $2,574,534 (+36%) from 2014

Net Income

Down

$3,981,090

Down $470,492 (-11%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2015

Assets$35,309,363
Liabilities$24,697,030
Net Assets$10,612,333
Open 2015 Filing

Operations Trend

Revenue Growth77th percentile

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

2015

Revenue$13,737,675
Expenses$9,756,585
Net Income$3,981,090
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 12, 2016
Return Version
2014v6.0
Gross Receipts
$13,737,675
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$25,391,607$34,716,779▲ $9,325,172
Loans From Officers Directors$9,300,000$0▼ $9,300,000
Prepaid Expenses and Deferred Charges$358,923$250,372▼ $108,551
Inventories for Sale or Use$176,051$146,909▼ $29,142
Accounts Receivable$238,573$111,012▼ $127,561
Cash and Non-Interest-Bearing Accounts$43,769$84,291▲ $40,522
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$26,350,263$35,309,363▲ $8,959,100
Other Assets Total$141,340$0▼ $141,340
Liabilities
Tax Exempt Bond Liabilities$9,181,242$22,077,650▲ $12,896,408
Accounts Payable and Accrued Expenses$600,253$1,644,418▲ $1,044,165
Other Liabilities$637,525$974,962▲ $337,437
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$19,719,020$24,697,030▲ $4,978,010
Net Assets / Fund Balance
Unrestricted Net Assets$6,631,243$10,612,333▲ $3,981,090
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$6,631,243$10,612,333▲ $3,981,090
Total Liabilities and Net Assets / Fund Balance$26,350,263$35,309,363▲ $8,959,100

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,932,771$3,180,887$23,113,658
Other Land Buildings$8,534,734-$8,534,734
Land$4,415,875-$4,415,875
Equipment$1,833,399$1,389,265$3,222,664
Leasehold Improvements$0$12,565$12,565
Compensation and Service Providers
Top Officer Pay11th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Carrie S LambertHead of School - Wake ForestFT$76,535$76,535
Melissa EdwardsHead of School - RolesvilleFT$71,030$71,030

Board Members and Trustees

NameTitle
Robert L LuddyPresident & Chair
Judy a NunnenkampVice President
Kent MisegadesDirector
William H Francis JrSecretary-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,896,250
Program Service Revenue
$7,813,919
Investment Income
$0
Other Revenue
$27,506
All Other Contributions
$5,896,250
Change in Net Assets
$3,981,090

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,712,744
Revenue Not Reported on Financial Statements
$24,931
Revenue Not Reported on Form 990
$-346,914
Other Revenue Adjustments
$24,931
Total Revenue per Audited Statements
$13,365,830
Total Revenue per Form 990
$13,737,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,961,521
Other Expenses$3,447,050
Grants and Similar Amounts Paid$348,014
Total Fundraising Expense$185,354
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,012,973--$5,012,973
Depreciation Depletion$1,400,547$21,303-$1,421,850
Payroll Taxes$447,131$6,801-$453,932
Grants to Domestic Individuals$346,914--$346,914
Occupancy$297,927$4,531-$302,458
Other Employee Benefits$250,655--$250,655
Interest$202,137$3,075-$205,212
Office Expenses$134,261$63,043-$197,304
Other Expenses$152,250$5,164$185,354$185,354
Current Officers, Directors, Trustees, and Key Employees$83,235$83,235-$166,470
Pension Plan Contributions$77,491--$77,491
Fees for Services Other$48,000$12,376-$60,376
Fees for Services Management-$53,513-$53,513
Information Technology$14,238$9,492-$23,730
Insurance$7,629$5,086-$12,715
Fees for Services Accounting-$9,530-$9,530
Travel$3,598$3,598-$7,196
All Other Expenses$6,020$929-$6,949
Grants to Domestic Orgs$1,100--$1,100
Fees for Services Legal-$437-$437
Total Functional Expenses$9,289,118$282,113$185,354$9,756,585

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,756,585
Expenses per Audited Statements$9,409,671
Total Expenses per Audited Statements$9,384,740
Expenses Not Reported on Financial Statements$346,914
Other Expense Adjustments$346,914
Expenses Not Reported on Form 990$-24,931
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$9,300,000$0▼ $9,300,000
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$974,962

Bond Issues

BondIssuerIssuedIssue PricePurpose
BNorth Carolina Capital Facilities Finance Agency2014-12-11$19,000,000Finance of educational facilities
ANorth Carolina Capital Facilities Finance Agency2010-10-01$10,500,000Finance of educational facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$19,000,000$0$0$182,080
A$10,500,000$0$1,745,422$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

Filer Name
Thales Academy
EIN
20-8920342
In Care Of
% WILLIAM H FRANCIS JR
Phone
9194536415
Address
4641 PARAGON PARK ROAD, RALEIGH, NC 27616

Signing Officer

Name
William Francis Jr
Title
Secretary-treasurer
Phone
9198822410
Signed
2016-02-12
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
192
Volunteers
110

Preparer

Firm
Batchelor Tillery & Roberts Llp
Address
3605 GLENWOOD AVENUE SUITE 350, RALEIGH, NC 27612
Preparer
Ronald A Batchelor
Phone
9197878212
Supplemental Narrative

Financial Statement Notes

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

“Reconciliation of revenue: -$346,914 financial assistance netted with tuition income for financial statements (line 2d) and $24,931 other income netted with expenses for financial statements (line 4b)”

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

“Reconciliation of expenses: -$24,931 other income reclassed from financial statement expense (line 2d) and $346,914 financial assistance netted with tuition income for financial statements (line 4b)”

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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
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IRS990/InsuranceGrp/ManagementAndGeneralAmt05086
IRS990/InsuranceGrp/ProgramServicesAmt07629
IRS990/InsuranceGrp/TotalAmt012715
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt03075
IRS990/InterestGrp/ProgramServicesAmt0202137
IRS990/InterestGrp/TotalAmt0205212
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0176051
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0146909
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04582717
IRS990/LandBldgEquipBasisNetGrp/BOYAmt025391607
IRS990/LandBldgEquipBasisNetGrp/EOYAmt034716779
IRS990/LandBldgEquipCostOrOtherBssAmt039299496
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt09300000
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THALES ACADEMY IS AN INDEPENDENT SCHOOL SERVING STUDENTS FROM PRE-KINDERGARTEN TO TWELFTH GRADE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt06631243
IRS990/NetAssetsOrFundBalancesEOYAmt010612333
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt04531
IRS990/OccupancyGrp/ProgramServicesAmt0297927
IRS990/OccupancyGrp/TotalAmt0302458
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt063043
IRS990/OfficeExpensesGrp/ProgramServicesAmt0134261
IRS990/OfficeExpensesGrp/TotalAmt0197304
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0141340
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0250655
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0250655
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE & REPAIR
IRS990/OtherExpensesGrp/Desc2STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/Desc3MARKETING
IRS990/OtherExpensesGrp/FundraisingAmt0185354
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05164
IRS990/OtherExpensesGrp/ProgramServicesAmt0463473
IRS990/OtherExpensesGrp/ProgramServicesAmt1339539
IRS990/OtherExpensesGrp/ProgramServicesAmt2152250
IRS990/OtherExpensesGrp/TotalAmt0463473
IRS990/OtherExpensesGrp/TotalAmt1344703
IRS990/OtherExpensesGrp/TotalAmt2152250
IRS990/OtherExpensesGrp/TotalAmt3185354
IRS990/OtherLiabilitiesGrp/BOYAmt0637525
IRS990/OtherLiabilitiesGrp/EOYAmt0974962
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt027506
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt027506
IRS990/OtherRevenueTotalAmt027506
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05012973
IRS990/OtherSalariesAndWagesGrp/TotalAmt05012973
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06801
IRS990/PayrollTaxesGrp/ProgramServicesAmt0447131
IRS990/PayrollTaxesGrp/TotalAmt0453932
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt077491
IRS990/PensionPlanContributionsGrp/TotalAmt077491
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0358923
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0250372
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/ExclusionAmt0494834
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07152823
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1166262
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07152823
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1494834
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2166262
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05195750
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0235693
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02506257
IRS990/PYOtherRevenueAmt011360
IRS990/PYProgramServiceRevenueAmt06426523
IRS990/PYRevenuesLessExpensesAmt04451582
IRS990/PYSalariesCompEmpBnftPaidAmt04440101
IRS990/PYTotalExpensesAmt07182051
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011633633
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt03981090
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt07813919
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt019932771
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03180887
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt023113658
IRS990ScheduleD/EquipmentGrp/BookValueAmt01833399
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01389265
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03222664
IRS990ScheduleD/ExpensesNotReportedAmt0-24931
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0346914
IRS990ScheduleD/ExpensesSubtotalAmt09409671
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt04415875
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04415875
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012565
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012565
IRS990ScheduleD/OtherExpensesIncludedAmt0-24931
IRS990ScheduleD/OtherExpensesNotIncludedAmt0346914
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08534734
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08534734
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0974962
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCE REGISTRATION & TUITION
IRS990ScheduleD/OtherRevenueAmt0-346914
IRS990ScheduleD/OtherRevenuesNotIncludedAmt024931
IRS990ScheduleD/RevenueNotReportedAmt0-346914
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt024931
IRS990ScheduleD/RevenueSubtotalAmt013712744
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RECONCILIATION OF REVENUE: -$346,914 FINANCIAL ASSISTANCE NETTED WITH TUITION INCOME FOR FINANCIAL STATEMENTS (LINE 2D) AND $24,931 OTHER INCOME NETTED WITH EXPENSES FOR FINANCIAL STATEMENTS (LINE 4B)
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECONCILIATION OF EXPENSES: -$24,931 OTHER INCOME RECLASSED FROM FINANCIAL STATEMENT EXPENSE (LINE 2D) AND $346,914 FINANCIAL ASSISTANCE NETTED WITH TUITION INCOME FOR FINANCIAL STATEMENTS (LINE 4B)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART XI, LINES 2D & 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PART XII, LINES 2D & 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt034716779
IRS990ScheduleD/TotalExpensesPerForm990Amt09756585
IRS990ScheduleD/TotalLiabilityAmt0974962
IRS990ScheduleD/TotalRevenuePerForm990Amt013737675
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013365830
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09384740
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/CashGrantAmt0346914
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL ASSISTANCE

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$35,309,363
Liabilities
$24,697,030
Net assets
$10,612,333
Revenue
$13,737,675
Expenses
$9,756,585
Net income
$3,981,090
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

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $25M-$50M nonprofits