Civic Intelligence

Thales Academy

990 • Fiscal year 2016 • EIN 20-8920342

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

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

76th percentile

0.70x

Higher debt load relative to assets than 76% of similar nonprofits.

2016 filings • NTEE B • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

82nd percentile

2.01x

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

2016 filings • NTEE B • $25M-$50M nonprofits • Source year 2016

Net Margin

69th percentile

13%

Higher net margin than 69% of similar nonprofits.

2016 filings • NTEE B • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

12th percentile

$89,717

Higher top officer pay than 12% of similar nonprofits.

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

2016 filings • NTEE B • $25M-$50M nonprofits • Source year 2016

Asset Growth

82nd percentile

18%

Faster asset growth than 82% of similar nonprofits.

2016 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

60th percentile

5.7%

Faster revenue growth than 60% of similar nonprofits.

2016 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$41,614,175

Up $6,304,812 (+18%) from 2015

Net Assets

Up

$12,438,304

Up $1,825,971 (+17%) from 2015

Liabilities

Up

$29,175,871

Up $4,478,841 (+18%) from 2015

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin69th percentile

Revenue

Up

$14,521,631

Up $783,956 (+5.7%) from 2015

Expenses

Up

$12,695,660

Up $2,939,075 (+30%) from 2015

Net Income

Down

$1,825,971

Down $2,155,119 (-54%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2016

Assets$41,614,175
Liabilities$29,175,871
Net Assets$12,438,304
Open 2016 Filing

Operations Trend

Revenue Growth60th 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

2016

Revenue$14,521,631
Expenses$12,695,660
Net Income$1,825,971
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$14,521,631
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$34,716,779$40,439,738▲ $5,722,959
Prepaid Expenses and Deferred Charges$250,372$724,006▲ $473,634
Inventories for Sale or Use$146,909$252,268▲ $105,359
Cash and Non-Interest-Bearing Accounts$84,291$72,455▼ $11,836
Accounts Receivable$111,012$58,986▼ $52,026
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
Loans From Officers Directors$0$0→ $0
Total Assets$35,309,363$41,614,175▲ $6,304,812
Other Assets Total$0$66,722▲ $66,722
Liabilities
Tax Exempt Bond Liabilities$22,077,650$26,954,113▲ $4,876,463
Accounts Payable and Accrued Expenses$1,644,418$1,183,258▼ $461,160
Other Liabilities$974,962$1,038,500▲ $63,538
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$24,697,030$29,175,871▲ $4,478,841
Net Assets / Fund Balance
Unrestricted Net Assets$10,612,333$12,438,304▲ $1,825,971
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$10,612,333$12,438,304▲ $1,825,971
Total Liabilities and Net Assets / Fund Balance$35,309,363$41,614,175▲ $6,304,812

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,064,922$4,450,153$31,515,075
Other Land Buildings$6,311,106-$6,311,106
Land$5,010,395-$5,010,395
Equipment$2,053,315$2,023,501$4,076,816
Leasehold Improvements-$12,565$12,565
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy C HallDirector of AcademicsFT$80,223$9,494$89,717

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
$4,920,321
Program Service Revenue
$9,522,673
Investment Income
$0
Other Revenue
$78,637
All Other Contributions
$4,920,321
Change in Net Assets
$1,825,971

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,482,817
Revenue Not Reported on Financial Statements
$38,814
Revenue Not Reported on Form 990
$-294,200
Other Revenue Adjustments
$38,814
Total Revenue per Audited Statements
$14,188,617
Total Revenue per Form 990
$14,521,631
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,694,879
Other Expenses$4,706,581
Grants and Similar Amounts Paid$294,200
Total Fundraising Expense$284,839
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,628,118--$6,628,118
Depreciation Depletion$1,905,301$15,209-$1,920,510
Payroll Taxes$563,796$4,500-$568,296
Interest$397,845$3,176-$401,021
Occupancy$375,533$2,997-$378,530
Office Expenses$220,815$129,907-$350,722
Grants to Domestic Individuals$294,200--$294,200
Other Expenses$162,782$4,077$284,839$284,839
Other Employee Benefits$267,029--$267,029
Pension Plan Contributions$117,079--$117,079
Current Officers, Directors, Trustees, and Key Employees$57,179$57,178-$114,357
Fees for Services Management-$68,278-$68,278
All Other Expenses$27,438$13,486-$40,924
Information Technology$19,212$12,808-$32,020
Fees for Services Other$1,215$13,632-$14,847
Insurance$8,450$5,633-$14,083
Travel$6,976$6,976-$13,952
Fees for Services Accounting-$9,785-$9,785
Fees for Services Legal-$927-$927
Total Functional Expenses$12,062,252$348,569$284,839$12,695,660

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$12,695,660
Expenses per Audited Statements$12,401,460
Total Expenses per Audited Statements$12,362,646
Expenses Not Reported on Financial Statements$294,200
Other Expense Adjustments$294,200
Expenses Not Reported on Form 990$-38,814
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$0$0→ $0
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$1,038,500

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$80,500$182,080
A$10,500,000$0$2,185,418$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 DIRECTOR OF ACADEMICS. 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 AND FEEDBACK FROM TEACHERS AND ADMINISTRATORS AT ALL CAMPUSES.”

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 H Francis Jr
Title
CFO
Phone
9198822410
Signed
2017-05-11
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
260
Volunteers
126

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: -$294,200 financial assistance netted with tuition income for financial statements (line 2d) and $38,814 other income netted with expenses for financial statements (line 4b)”

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

“Reconciliation of expenses: -$38,814 other income reclassed from financial statement expense (line 2d) and $294,200 financial assistance netted with tuition income for financial statements (line 4b)”

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IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt021
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06486219
IRS990/LandBldgEquipBasisNetGrp/BOYAmt034716779
IRS990/LandBldgEquipBasisNetGrp/EOYAmt040439738
IRS990/LandBldgEquipCostOrOtherBssAmt046925957
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
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/NetAssetsOrFundBalancesBOYAmt010612333
IRS990/NetAssetsOrFundBalancesEOYAmt012438304
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt02997
IRS990/OccupancyGrp/ProgramServicesAmt0375533
IRS990/OccupancyGrp/TotalAmt0378530
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0129907
IRS990/OfficeExpensesGrp/ProgramServicesAmt0220815
IRS990/OfficeExpensesGrp/TotalAmt0350722
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt066722
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0267029
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0267029
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE & REPAIR
IRS990/OtherExpensesGrp/Desc2STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/Desc3MARKETING
IRS990/OtherExpensesGrp/FundraisingAmt0284839
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04077
IRS990/OtherExpensesGrp/ProgramServicesAmt0498510
IRS990/OtherExpensesGrp/ProgramServicesAmt1510774
IRS990/OtherExpensesGrp/ProgramServicesAmt2162782
IRS990/OtherExpensesGrp/TotalAmt0498510
IRS990/OtherExpensesGrp/TotalAmt1514851
IRS990/OtherExpensesGrp/TotalAmt2162782
IRS990/OtherExpensesGrp/TotalAmt3284839
IRS990/OtherLiabilitiesGrp/BOYAmt0974962
IRS990/OtherLiabilitiesGrp/EOYAmt01038500
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt078637
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt078637
IRS990/OtherRevenueTotalAmt078637
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06628118
IRS990/OtherSalariesAndWagesGrp/TotalAmt06628118
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04500
IRS990/PayrollTaxesGrp/ProgramServicesAmt0563796
IRS990/PayrollTaxesGrp/TotalAmt0568296
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0117079
IRS990/PensionPlanContributionsGrp/TotalAmt0117079
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0250372
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0724006
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/ExclusionAmt0599887
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08727660
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1195126
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08727660
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1599887
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2195126
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05896250
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0348014
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03447050
IRS990/PYOtherRevenueAmt027506
IRS990/PYProgramServiceRevenueAmt07813919
IRS990/PYRevenuesLessExpensesAmt03981090
IRS990/PYSalariesCompEmpBnftPaidAmt05961521
IRS990/PYTotalExpensesAmt09756585
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt013737675
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01825971
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt09575387
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/BookValueAmt027064922
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04450153
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt031515075
IRS990ScheduleD/EquipmentGrp/BookValueAmt02053315
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02023501
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04076816
IRS990ScheduleD/ExpensesNotReportedAmt0-38814
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0294200
IRS990ScheduleD/ExpensesSubtotalAmt012401460
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt05010395
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05010395
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012565
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012565
IRS990ScheduleD/OtherExpensesIncludedAmt0-38814
IRS990ScheduleD/OtherExpensesNotIncludedAmt0294200
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06311106
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06311106
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01038500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCE REGISTRATION & TUITION
IRS990ScheduleD/OtherRevenueAmt0-294200
IRS990ScheduleD/OtherRevenuesNotIncludedAmt038814
IRS990ScheduleD/RevenueNotReportedAmt0-294200
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt038814
IRS990ScheduleD/RevenueSubtotalAmt014482817
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RECONCILIATION OF REVENUE: -$294,200 FINANCIAL ASSISTANCE NETTED WITH TUITION INCOME FOR FINANCIAL STATEMENTS (LINE 2D) AND $38,814 OTHER INCOME NETTED WITH EXPENSES FOR FINANCIAL STATEMENTS (LINE 4B)
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECONCILIATION OF EXPENSES: -$38,814 OTHER INCOME RECLASSED FROM FINANCIAL STATEMENT EXPENSE (LINE 2D) AND $294,200 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/TotalBookValueLandBuildingsAmt040439738
IRS990ScheduleD/TotalExpensesPerForm990Amt012695660
IRS990ScheduleD/TotalLiabilityAmt01038500
IRS990ScheduleD/TotalRevenuePerForm990Amt014521631
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt014188617
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012362646
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/CashGrantAmt0294200
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0125
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/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd1false

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$41,614,175
Liabilities
$29,175,871
Net assets
$12,438,304
Revenue
$14,521,631
Expenses
$12,695,660
Net income
$1,825,971
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
2016Detailed filing. Detailed filing data is available for this year.$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