Civic Intelligence

Thales Academy

990 • Fiscal year 2018 • EIN 20-8920342

Jul 01, 2017 to Jun 30, 2018 • Filed on May 09, 2019

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

78th percentile

0.50x

Higher debt load relative to assets than 78% of similar nonprofits.

2018 filings • NTEE B • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

76th percentile

0.93x

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

2018 filings • NTEE B • $50M-$100M nonprofits • Source year 2018

Net Margin

97th percentile

50%

Higher net margin than 97% of similar nonprofits.

2018 filings • NTEE B • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

9th percentile

$123,804

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2018 filings • NTEE B • $50M-$100M nonprofits • Source year 2018

Asset Growth

97th percentile

54%

Faster asset growth than 97% of similar nonprofits.

2018 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

93rd percentile

96%

Faster revenue growth than 93% of similar nonprofits.

2018 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$68,361,699

Up $24,106,166 (+54%) from 2017

Net Assets

Up

$34,506,671

Up $18,816,772 (+120%) from 2017

Liabilities

Up

$33,855,028

Up $5,289,394 (+19%) from 2017

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin97th percentile

Revenue

Up

$36,289,807

Up $17,773,993 (+96%) from 2017

Expenses

Up

$18,281,882

Up $3,017,663 (+20%) from 2017

Net Income

Up

$18,007,925

Up $14,756,330 (+454%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth97th 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

2018

Assets$68,361,699
Liabilities$33,855,028
Net Assets$34,506,671
Open 2018 Filing

Operations Trend

Revenue Growth93rd 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

2018

Revenue$36,289,807
Expenses$18,281,882
Net Income$18,007,925
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 9, 2019
Return Version
2017v2.3
Gross Receipts
$46,026,011
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$42,655,412$49,465,448▲ $6,810,036
Investments in Publicly Traded Securities$0$17,399,208▲ $17,399,208
Loans From Officers Directors$0$4,600,000▲ $4,600,000
Prepaid Expenses and Deferred Charges$939,001$951,757▲ $12,756
Cash and Non-Interest-Bearing Accounts$202,663$362,709▲ $160,046
Accounts Receivable$215,249$95,511▼ $119,738
Inventories for Sale or Use$238,781$82,639▼ $156,142
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
Intangible Assets$0$0→ $0
Total Assets$44,255,533$68,361,699▲ $24,106,166
Other Assets Total$4,427$4,427→ $0
Liabilities
Tax Exempt Bond Liabilities$26,237,579$25,337,045▼ $900,534
Accounts Payable and Accrued Expenses$1,126,929$3,033,978▲ $1,907,049
Other Liabilities$1,201,126$884,005▼ $317,121
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$28,565,634$33,855,028▲ $5,289,394
Net Assets / Fund Balance
Unrestricted Net Assets$15,689,899$34,506,671▲ $18,816,772
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$15,689,899$34,506,671▲ $18,816,772
Total Liabilities and Net Assets / Fund Balance$44,255,533$68,361,699▲ $24,106,166

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$31,068,932$7,541,287$38,610,219
Land$8,862,946-$8,862,946
Other Land Buildings$7,413,155-$7,413,155
Equipment$2,120,415$3,506,171$5,626,586
Leasehold Improvements-$12,565$12,565
Compensation and Service Providers
Top Officer Pay9th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy C HallDirector of AcademicsFT$110,676$13,128$123,804

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
$21,236,937
Program Service Revenue
$14,482,343
Investment Income
$515,989
Other Revenue
$54,538
All Other Contributions
$21,236,937
Change in Net Assets
$18,007,925

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$16,326,553Fair Market Value (FMV)
Total Noncash Contributions2$16,326,553-

Audited Revenue Reconciliation

Revenue per Audited Statements
$36,268,013
Revenue Not Reported on Financial Statements
$21,794
Revenue Not Reported on Form 990
$393,642
Other Revenue Adjustments
$21,794
Total Revenue per Audited Statements
$36,661,655
Total Revenue per Form 990
$36,289,807
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,799,102
Other Expenses$7,054,475
Grants and Similar Amounts Paid$428,305
Total Fundraising Expense$79,352
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,155,363--$9,155,363
Depreciation Depletion$2,322,653$15,123-$2,337,776
Interest$717,342$4,670-$722,012
Payroll Taxes$703,761$4,582-$708,343
Other Employee Benefits$628,812--$628,812
Office Expenses$265,542$170,048-$435,590
Grants to Domestic Individuals$423,305--$423,305
Occupancy$406,959$2,650-$409,609
Other Expenses$321,665$2,094-$323,759
All Other Expenses$54,111$148,452$79,352$281,915
Pension Plan Contributions$177,780--$177,780
Fees for Services Other$125,853$21,769-$147,622
Information Technology$83,372$55,581-$138,953
Current Officers, Directors, Trustees, and Key Employees$64,402$64,402-$128,804
Fees for Services Management-$94,305-$94,305
Insurance$34,929$23,286-$58,215
Travel$20,638$20,638-$41,276
Fees for Services Accounting-$10,395-$10,395
Fees for Services Legal-$10,220-$10,220
Grants to Domestic Orgs$5,000--$5,000
Total Functional Expenses$17,549,008$653,522$79,352$18,281,882

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$18,281,882
Expenses per Audited Statements$17,866,677
Total Expenses per Audited Statements$17,844,883
Expenses Not Reported on Financial Statements$415,205
Other Expense Adjustments$415,205
Expenses Not Reported on Form 990$-21,794
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Captive-aire Systems IncENTITY MORE THAN 35% OWNED BY ROBERT L. LUDDY, DIRECTORHealth Ins./retirement PlansNo$962,051

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$4,600,000▲ $4,600,000
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$884,005

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$804,750$182,080
A$10,500,000$0$3,110,410$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
Yes
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
2019-05-09
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
357
Volunteers
151

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: -$415,205 financial assistance netted with tuition income for financial statements (line 2d) and $21,794 other income netted with expenses for financial statements (line 4b)”

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

“Reconciliation of expenses: -$21,794 other income reclassed from financial statement expense (line 2d) and $415,205 financial assistance netted with tuition income for financial statements (line 4b)”

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IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt04670
IRS990/InterestGrp/ProgramServicesAmt0717342
IRS990/InterestGrp/TotalAmt0722012
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0238781
IRS990/InventoriesForSaleOrUseGrp/EOYAmt082639
IRS990/InvestmentIncomeGrp/ExclusionAmt0252193
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0252193
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt017399208
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt026
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011060023
IRS990/LandBldgEquipBasisNetGrp/BOYAmt042655412
IRS990/LandBldgEquipBasisNetGrp/EOYAmt049465448
IRS990/LandBldgEquipCostOrOtherBssAmt060525471
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt09736204
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt04600000
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/NetAssetsOrFundBalancesBOYAmt015689899
IRS990/NetAssetsOrFundBalancesEOYAmt034506671
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0263796
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0263796
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0808847
IRS990/NoncashContributionsAmt016326553
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt02650
IRS990/OccupancyGrp/ProgramServicesAmt0406959
IRS990/OccupancyGrp/TotalAmt0409609
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0170048
IRS990/OfficeExpensesGrp/ProgramServicesAmt0265542
IRS990/OfficeExpensesGrp/TotalAmt0435590
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04427
IRS990/OtherAssetsTotalGrp/EOYAmt04427
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0628812
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0628812
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE & REPAIR
IRS990/OtherExpensesGrp/Desc2STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/Desc3JANITORIAL SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05307
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12094
IRS990/OtherExpensesGrp/ProgramServicesAmt0894418
IRS990/OtherExpensesGrp/ProgramServicesAmt1815079
IRS990/OtherExpensesGrp/ProgramServicesAmt2328024
IRS990/OtherExpensesGrp/ProgramServicesAmt3321665
IRS990/OtherExpensesGrp/TotalAmt0894418
IRS990/OtherExpensesGrp/TotalAmt1820386
IRS990/OtherExpensesGrp/TotalAmt2328024
IRS990/OtherExpensesGrp/TotalAmt3323759
IRS990/OtherLiabilitiesGrp/BOYAmt01201126
IRS990/OtherLiabilitiesGrp/EOYAmt0884005
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt054538
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt054538
IRS990/OtherRevenueTotalAmt054538
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09155363
IRS990/OtherSalariesAndWagesGrp/TotalAmt09155363
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04582
IRS990/PayrollTaxesGrp/ProgramServicesAmt0703761
IRS990/PayrollTaxesGrp/TotalAmt0708343
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0177780
IRS990/PensionPlanContributionsGrp/TotalAmt0177780
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0939001
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0951757
IRS990/PrincipalOfficerNm0WILLIAM H FRANCIS JR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1AFTERSCHOOL CARE FEES
IRS990/ProgramServiceRevenueGrp/Desc2STUDENT ACTIVITY FEES
IRS990/ProgramServiceRevenueGrp/Desc3APPLICATION PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0867966
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013165573
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1408355
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt240449
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013165573
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1867966
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2408355
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt340449
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06367911
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0407051
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt05555475
IRS990/PYOtherRevenueAmt087191
IRS990/PYProgramServiceRevenueAmt012060712
IRS990/PYRevenuesLessExpensesAmt03251595
IRS990/PYSalariesCompEmpBnftPaidAmt09301693
IRS990/PYTotalExpensesAmt015264219
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt018515814
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt018007925
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt014482343
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/BookValueAmt031068932
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07541287
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt038610219
IRS990ScheduleD/EquipmentGrp/BookValueAmt02120415
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03506171
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05626586
IRS990ScheduleD/ExpensesNotReportedAmt0-21794
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0415205
IRS990ScheduleD/ExpensesSubtotalAmt017866677
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt08862946
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt08862946
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012565
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012565
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0808847
IRS990ScheduleD/OtherExpensesIncludedAmt0-21794
IRS990ScheduleD/OtherExpensesNotIncludedAmt0415205
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07413155
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07413155
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0884005
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCE REGISTRATION & TUITION
IRS990ScheduleD/OtherRevenueAmt0-415205
IRS990ScheduleD/OtherRevenuesNotIncludedAmt021794
IRS990ScheduleD/RevenueNotReportedAmt0393642
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt021794
IRS990ScheduleD/RevenueSubtotalAmt036268013
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RECONCILIATION OF REVENUE: -$415,205 FINANCIAL ASSISTANCE NETTED WITH TUITION INCOME FOR FINANCIAL STATEMENTS (LINE 2D) AND $21,794 OTHER INCOME NETTED WITH EXPENSES FOR FINANCIAL STATEMENTS (LINE 4B)
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECONCILIATION OF EXPENSES: -$21,794 OTHER INCOME RECLASSED FROM FINANCIAL STATEMENT EXPENSE (LINE 2D) AND $415,205 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/TotalBookValueLandBuildingsAmt049465448
IRS990ScheduleD/TotalExpensesPerForm990Amt018281882
IRS990ScheduleD/TotalLiabilityAmt0884005
IRS990ScheduleD/TotalRevenuePerForm990Amt036289807
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt036661655
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017844883
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$68,361,699
Liabilities
$33,855,028
Net assets
$34,506,671
Revenue
$36,289,807
Expenses
$18,281,882
Net income
$18,007,925
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
2018Detailed filing. Detailed filing data is available for this year.$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