Civic Intelligence

Thales Academy

990 • Fiscal year 2017 • EIN 20-8920342

Jul 01, 2016 to Jun 30, 2017 • Filed on May 09, 2018

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

0.65x

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

2017 filings • NTEE B • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

79th percentile

1.54x

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

2017 filings • NTEE B • $25M-$50M nonprofits • Source year 2017

Net Margin

74th percentile

18%

Higher net margin than 74% of similar nonprofits.

2017 filings • NTEE B • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

16th percentile

$117,804

Higher top officer pay than 16% of similar nonprofits.

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

2017 filings • NTEE B • $25M-$50M nonprofits • Source year 2017

Asset Growth

54th percentile

6.3%

Faster asset growth than 54% of similar nonprofits.

2017 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

80th percentile

28%

Faster revenue growth than 80% of similar nonprofits.

2017 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$44,255,533

Up $2,641,358 (+6.3%) from 2016

Net Assets

Up

$15,689,899

Up $3,251,595 (+26%) from 2016

Liabilities

Down

$28,565,634

Down $610,237 (-2.1%) from 2016

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin74th percentile

Revenue

Up

$18,515,814

Up $3,994,183 (+28%) from 2016

Expenses

Up

$15,264,219

Up $2,568,559 (+20%) from 2016

Net Income

Up

$3,251,595

Up $1,425,624 (+78%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth54th 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

2017

Assets$44,255,533
Liabilities$28,565,634
Net Assets$15,689,899
Open 2017 Filing

Operations Trend

Revenue Growth80th 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

2017

Revenue$18,515,814
Expenses$15,264,219
Net Income$3,251,595
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 9, 2018
Return Version
2016v3.1
Gross Receipts
$18,515,814
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$40,439,738$42,655,412▲ $2,215,674
Prepaid Expenses and Deferred Charges$724,006$939,001▲ $214,995
Inventories for Sale or Use$252,268$238,781▼ $13,487
Accounts Receivable$58,986$215,249▲ $156,263
Cash and Non-Interest-Bearing Accounts$72,455$202,663▲ $130,208
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$41,614,175$44,255,533▲ $2,641,358
Other Assets Total$66,722$4,427▼ $62,295
Liabilities
Tax Exempt Bond Liabilities$26,954,113$26,237,579▼ $716,534
Other Liabilities$1,038,500$1,201,126▲ $162,626
Accounts Payable and Accrued Expenses$1,183,258$1,126,929▼ $56,329
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$29,175,871$28,565,634▼ $610,237
Net Assets / Fund Balance
Unrestricted Net Assets$12,438,304$15,689,899▲ $3,251,595
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$12,438,304$15,689,899▲ $3,251,595
Total Liabilities and Net Assets / Fund Balance$41,614,175$44,255,533▲ $2,641,358

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$31,974,521$5,974,639$37,949,160
Land$7,976,447-$7,976,447
Equipment$2,417,513$2,752,005$5,169,518
Other Land Buildings$286,931-$286,931
Leasehold Improvements-$12,565$12,565
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy C HallDirector of AcademicsFT$105,008$12,796$117,804

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$6,367,911
Program Service Revenue
$12,060,712
Investment Income
$0
Other Revenue
$87,191
All Other Contributions
$6,367,911
Change in Net Assets
$3,251,595

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,488,434
Revenue Not Reported on Financial Statements
$27,380
Revenue Not Reported on Form 990
$-402,351
Other Revenue Adjustments
$27,380
Total Revenue per Audited Statements
$18,086,083
Total Revenue per Form 990
$18,515,814
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,301,693
Other Expenses$5,555,475
Grants and Similar Amounts Paid$407,051
Total Fundraising Expense$159,590
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,003,915--$8,003,915
Depreciation Depletion$2,254,565$15,387-$2,269,952
Payroll Taxes$642,839$4,387-$647,226
Interest$476,397$3,251-$479,648
Office Expenses$290,422$171,317-$461,739
Grants to Domestic Individuals$406,051--$406,051
Occupancy$381,153$2,601-$383,754
Other Employee Benefits$375,477--$375,477
Other Expenses$210,834$3,891$159,590$159,590
Pension Plan Contributions$156,271--$156,271
All Other Expenses$85,723$49,883-$135,606
Current Officers, Directors, Trustees, and Key Employees$59,402$59,402-$118,804
Fees for Services Management-$82,521-$82,521
Information Technology$33,010$22,007-$55,017
Insurance$25,952$17,301-$43,253
Travel$11,515$11,516-$23,031
Fees for Services Other$45$17,906-$17,951
Fees for Services Accounting-$10,075-$10,075
Fees for Services Legal-$4,525-$4,525
Grants to Domestic Orgs$1,000--$1,000
Total Functional Expenses$14,628,659$475,970$159,590$15,264,219

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$15,264,219
Expenses per Audited Statements$14,861,868
Total Expenses per Audited Statements$14,834,488
Expenses Not Reported on Financial Statements$402,351
Other Expense Adjustments$402,351
Expenses Not Reported on Form 990$-27,380
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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$1,201,126

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$357,250$182,080
A$10,500,000$0$2,640,414$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
2018-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William H Francis Jr
Formed
2007
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
309
Volunteers
143

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: -$402,351 financial assistance netted with tuition income for financial statements (line 2d) and $27,380 other income netted with expenses for financial statements (line 4b)”

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

“Reconciliation of expenses: -$27,380 other income reclassed from financial statement expense (line 2d) and $402,351 financial assistance netted with tuition income for financial statements (line 4b)”

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IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt026
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08739209
IRS990/LandBldgEquipBasisNetGrp/BOYAmt040439738
IRS990/LandBldgEquipBasisNetGrp/EOYAmt042655412
IRS990/LandBldgEquipCostOrOtherBssAmt051394621
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/NetAssetsOrFundBalancesBOYAmt012438304
IRS990/NetAssetsOrFundBalancesEOYAmt015689899
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt02601
IRS990/OccupancyGrp/ProgramServicesAmt0381153
IRS990/OccupancyGrp/TotalAmt0383754
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0171317
IRS990/OfficeExpensesGrp/ProgramServicesAmt0290422
IRS990/OfficeExpensesGrp/TotalAmt0461739
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt066722
IRS990/OtherAssetsTotalGrp/EOYAmt04427
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0375477
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0375477
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE & REPAIR
IRS990/OtherExpensesGrp/Desc2STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/Desc3MARKETING
IRS990/OtherExpensesGrp/FundraisingAmt0159590
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03891
IRS990/OtherExpensesGrp/ProgramServicesAmt0644013
IRS990/OtherExpensesGrp/ProgramServicesAmt1570075
IRS990/OtherExpensesGrp/ProgramServicesAmt2210834
IRS990/OtherExpensesGrp/TotalAmt0644013
IRS990/OtherExpensesGrp/TotalAmt1573966
IRS990/OtherExpensesGrp/TotalAmt2210834
IRS990/OtherExpensesGrp/TotalAmt3159590
IRS990/OtherLiabilitiesGrp/BOYAmt01038500
IRS990/OtherLiabilitiesGrp/EOYAmt01201126
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt087191
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt087191
IRS990/OtherRevenueTotalAmt087191
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08003915
IRS990/OtherSalariesAndWagesGrp/TotalAmt08003915
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04387
IRS990/PayrollTaxesGrp/ProgramServicesAmt0642839
IRS990/PayrollTaxesGrp/TotalAmt0647226
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0156271
IRS990/PensionPlanContributionsGrp/TotalAmt0156271
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0724006
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0939001
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/ExclusionAmt0737726
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011015315
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1307671
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011015315
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1737726
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2307671
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04920321
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0294200
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt04706581
IRS990/PYOtherRevenueAmt078637
IRS990/PYProgramServiceRevenueAmt09522673
IRS990/PYRevenuesLessExpensesAmt01825971
IRS990/PYSalariesCompEmpBnftPaidAmt07694879
IRS990/PYTotalExpensesAmt012695660
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014521631
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt03251595
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt012060712
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/BookValueAmt031974521
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05974639
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt037949160
IRS990ScheduleD/EquipmentGrp/BookValueAmt02417513
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02752005
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05169518
IRS990ScheduleD/ExpensesNotReportedAmt0-27380
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0402351
IRS990ScheduleD/ExpensesSubtotalAmt014861868
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt07976447
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt07976447
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012565
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012565
IRS990ScheduleD/OtherExpensesIncludedAmt0-27380
IRS990ScheduleD/OtherExpensesNotIncludedAmt0402351
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0286931
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0286931
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01201126
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCE REGISTRATION & TUITION
IRS990ScheduleD/OtherRevenueAmt0-402351
IRS990ScheduleD/OtherRevenuesNotIncludedAmt027380
IRS990ScheduleD/RevenueNotReportedAmt0-402351
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt027380
IRS990ScheduleD/RevenueSubtotalAmt018488434
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RECONCILIATION OF REVENUE: -$402,351 FINANCIAL ASSISTANCE NETTED WITH TUITION INCOME FOR FINANCIAL STATEMENTS (LINE 2D) AND $27,380 OTHER INCOME NETTED WITH EXPENSES FOR FINANCIAL STATEMENTS (LINE 4B)
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECONCILIATION OF EXPENSES: -$27,380 OTHER INCOME RECLASSED FROM FINANCIAL STATEMENT EXPENSE (LINE 2D) AND $402,351 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/TotalBookValueLandBuildingsAmt042655412
IRS990ScheduleD/TotalExpensesPerForm990Amt015264219
IRS990ScheduleD/TotalLiabilityAmt01201126
IRS990ScheduleD/TotalRevenuePerForm990Amt018515814
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt018086083
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt014834488
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/CashGrantAmt0402351
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt13700
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0144
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt14
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

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$44,255,533
Liabilities
$28,565,634
Net assets
$15,689,899
Revenue
$18,515,814
Expenses
$15,264,219
Net income
$3,251,595
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
2017Detailed filing. Detailed filing data is available for this year.$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