Civic Intelligence

Thales Academy

990 • Fiscal year 2019 • EIN 20-8920342

Jul 01, 2018 to Jun 30, 2019 • Filed on May 29, 2020

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

55th percentile

0.27x

Higher debt load relative to assets than 55% of similar nonprofits.

2019 filings • NTEE B • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

50th percentile

0.47x

Higher debt load relative to revenue than 50% of similar nonprofits.

2019 filings • NTEE B • $50M-$100M nonprofits • Source year 2019

Net Margin

97th percentile

63%

Higher net margin than 97% of similar nonprofits.

2019 filings • NTEE B • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

13th percentile

$135,509

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2019 filings • NTEE B • $50M-$100M nonprofits • Source year 2019

Asset Growth

94th percentile

43%

Faster asset growth than 94% of similar nonprofits.

2019 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

90th percentile

58%

Faster revenue growth than 90% of similar nonprofits.

2019 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$97,936,432

Up $29,574,733 (+43%) from 2018

Net Assets

Up

$71,158,747

Up $36,652,076 (+106%) from 2018

Liabilities

Down

$26,777,685

Down $7,077,343 (-21%) from 2018

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin97th percentile

Revenue

Up

$57,196,114

Up $20,906,307 (+58%) from 2018

Expenses

Up

$21,057,204

Up $2,775,322 (+15%) from 2018

Net Income

Up

$36,138,910

Up $18,130,985 (+101%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth94th 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

2019

Assets$97,936,432
Liabilities$26,777,685
Net Assets$71,158,747
Open 2019 Filing

Operations Trend

Revenue Growth90th 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

2019

Revenue$57,196,114
Expenses$21,057,204
Net Income$36,138,910
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 29, 2020
Return Version
2018v3.1
Gross Receipts
$60,995,741
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$49,465,448$60,592,846▲ $11,127,398
Investments Other Securities-$19,362,084-
Investments in Publicly Traded Securities$17,399,208$16,789,240▼ $609,968
Loans From Officers Directors$4,600,000$0▼ $4,600,000
Prepaid Expenses and Deferred Charges$951,757$742,420▼ $209,337
Accounts Receivable$95,511$314,539▲ $219,028
Cash and Non-Interest-Bearing Accounts$362,709$66,457▼ $296,252
Inventories for Sale or Use$82,639$53,362▼ $29,277
Total Assets$68,361,699$97,936,432▲ $29,574,733
Other Assets Total$4,427$15,484▲ $11,057
Liabilities
Tax Exempt Bond Liabilities$25,337,045$24,217,091▼ $1,119,954
Accounts Payable and Accrued Expenses$3,033,978$1,375,359▼ $1,658,619
Other Liabilities$884,005$1,185,235▲ $301,230
Total Liabilities$33,855,028$26,777,685▼ $7,077,343
Net Assets / Fund Balance
Unrestricted Net Assets$34,506,671$71,158,747▲ $36,652,076
Total Net Assets Fund Balance$34,506,671$71,158,747▲ $36,652,076
Total Liabilities and Net Assets / Fund Balance$68,361,699$97,936,432▲ $29,574,733

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$36,609,284$9,384,881$45,994,165
Land$11,085,135-$11,085,135
Other Land Buildings$9,970,849-$9,970,849
Equipment$2,927,578$4,404,877$7,332,455
Leasehold Improvements$0$12,565$12,565
Other Securities$7,839,674--
Compensation and Service Providers
Top Officer Pay13th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy C HallDirector of AcademicsFT$124,475$11,034$135,509

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$37,839,961
Program Service Revenue
$16,335,208
Investment Income
$2,989,513
Other Revenue
$31,432
All Other Contributions
$37,839,961
Change in Net Assets
$36,138,910

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$16,934,659Stock Quote
Total Noncash Contributions1$16,934,659-

Audited Revenue Reconciliation

Revenue per Audited Statements
$57,196,114
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$215,106
Total Revenue per Audited Statements
$57,411,220
Total Revenue per Form 990
$57,196,114
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,779,603
Other Expenses$7,956,896
Grants and Similar Amounts Paid$320,705
Total Fundraising Expense$118,128
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,995,823--$10,995,823
Depreciation Depletion$2,742,896$16,365-$2,759,261
Interest$932,119$5,562-$937,681
Payroll Taxes$843,154$5,031-$848,185
Other Employee Benefits$581,304--$581,304
Occupancy$423,696$2,528-$426,224
Office Expenses$286,695$139,172-$425,867
Other Expenses$366,504$2,616-$366,504
Grants to Domestic Individuals$315,705--$315,705
Fees for Services Other$253,134$51,928-$305,062
Pension Plan Contributions$215,448--$215,448
All Other Expenses$40,714$51,429$118,128$210,271
Current Officers, Directors, Trustees, and Key Employees$69,421$69,422-$138,843
Fees for Services Management-$99,623-$99,623
Travel$44,808$44,808-$89,616
Information Technology$51,612$34,408-$86,020
Insurance$39,978$26,652-$66,630
Fees for Services Legal-$18,675-$18,675
Fees for Services Accounting-$10,800-$10,800
Grants to Domestic Orgs$5,000--$5,000
Total Functional Expenses$20,355,845$583,231$118,128$21,057,204

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$21,057,204
Expenses per Audited Statements$20,759,144
Total Expenses per Audited Statements$20,759,144
Expenses Not Reported on Financial Statements$298,060
Other Expense Adjustments$298,060
Expenses Not Reported on Form 990$0
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-ENTITY MORE THAN 35% OWNED BY ROBERT L. LUDDY, DIRECTORHealth Ins./retirement PlansNo$2,582,319

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$4,600,000$0▼ $4,600,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advance Registration & Tuition$1,185,235

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-$1,456,669$182,080
A$10,500,000-$3,595,406$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 A, Line 2

“Robert l. Luddy and randolph l. Luddy - family relationship”

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 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
Phone
9194536415
Address
4641 PARAGON PARK ROAD, RALEIGH, NC 27616

Signing Officer

Name
William H Francis Jr
Title
Secretary-treasurer
Phone
9194536415
Signed
2020-05-29
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
432
Volunteers
156

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

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Reconciliation of revenue: financial assistance netted with tuition for f/s -298,060.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Reconciliation of expenses: financial assistance netted with tuition for f/s 298,060.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01100367
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0513166
IRS990/NoncashContributionsAmt016934659
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02528
IRS990/OccupancyGrp/ProgramServicesAmt0423696
IRS990/OccupancyGrp/TotalAmt0426224
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0139172
IRS990/OfficeExpensesGrp/ProgramServicesAmt0286695
IRS990/OfficeExpensesGrp/TotalAmt0425867
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04427
IRS990/OtherAssetsTotalGrp/EOYAmt015484
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0581304
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0581304
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE AND REPAIR
IRS990/OtherExpensesGrp/Desc2JANITORIAL SERVICES
IRS990/OtherExpensesGrp/Desc3STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04212
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12616
IRS990/OtherExpensesGrp/ProgramServicesAmt01003349
IRS990/OtherExpensesGrp/ProgramServicesAmt1706004
IRS990/OtherExpensesGrp/ProgramServicesAmt2438481
IRS990/OtherExpensesGrp/ProgramServicesAmt3366504
IRS990/OtherExpensesGrp/TotalAmt01003349
IRS990/OtherExpensesGrp/TotalAmt1710216
IRS990/OtherExpensesGrp/TotalAmt2441097
IRS990/OtherExpensesGrp/TotalAmt3366504
IRS990/OtherLiabilitiesGrp/BOYAmt0884005
IRS990/OtherLiabilitiesGrp/EOYAmt01185235
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt031432
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt031432
IRS990/OtherRevenueTotalAmt031432
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010995823
IRS990/OtherSalariesAndWagesGrp/TotalAmt010995823
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05031
IRS990/PayrollTaxesGrp/ProgramServicesAmt0843154
IRS990/PayrollTaxesGrp/TotalAmt0848185
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0215448
IRS990/PensionPlanContributionsGrp/TotalAmt0215448
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0951757
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0742420
IRS990/PrincipalOfficerNm0WILLIAM H FRANCIS JR
IRS990/ProfessionalFundraisingInd00
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/ExclusionAmt0863224
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt015018903
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1410822
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt242259
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt015018903
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1863224
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2410822
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt342259
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt021236937
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0428305
IRS990/PYInvestmentIncomeAmt0515989
IRS990/PYOtherExpensesAmt07054475
IRS990/PYOtherRevenueAmt054538
IRS990/PYProgramServiceRevenueAmt014482343
IRS990/PYRevenuesLessExpensesAmt018007925
IRS990/PYSalariesCompEmpBnftPaidAmt010799102
IRS990/PYTotalExpensesAmt018281882
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt036289807
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt036138910
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt016335208
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt036609284
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09384881
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt045994165
IRS990ScheduleD/EquipmentGrp/BookValueAmt02927578
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04404877
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07332455
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0298060
IRS990ScheduleD/ExpensesSubtotalAmt020759144
IRS990ScheduleD/LandGrp/BookValueAmt011085135
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt011085135
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012565
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012565
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0513166
IRS990ScheduleD/OtherExpensesNotIncludedAmt0298060
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09970849
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09970849
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01185235
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCE REGISTRATION & TUITION
IRS990ScheduleD/OtherRevenueAmt0-298060
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt05944489
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt15577921
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt27839674
IRS990ScheduleD/OtherSecuritiesGrp/Desc0201,713.228 SHS LORD ABBETT GROWTH LEADERS
IRS990ScheduleD/OtherSecuritiesGrp/Desc165,537.795 SHS FRANKLIN DYNATECH
IRS990ScheduleD/OtherSecuritiesGrp/Desc23,379,169.849 SHS FRANKLIN INCOME CL A
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/RevenueNotReportedAmt0215106
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt057196114
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RECONCILIATION OF REVENUE: FINANCIAL ASSISTANCE NETTED WITH TUITION FOR F/S -298,060.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECONCILIATION OF EXPENSES: FINANCIAL ASSISTANCE NETTED WITH TUITION FOR F/S 298,060.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt060592846
IRS990ScheduleD/TotalBookValueSecuritiesAmt019362084
IRS990ScheduleD/TotalExpensesPerForm990Amt021057204
IRS990ScheduleD/TotalLiabilityAmt01185235
IRS990ScheduleD/TotalRevenuePerForm990Amt057196114
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt057411220
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt020759144
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
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, PART I, LINE 3
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0298060
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt117645
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0154
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt17
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0BOOK
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1BOOK
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/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02010-10-01

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$97,936,432
Liabilities
$26,777,685
Net assets
$71,158,747
Revenue
$57,196,114
Expenses
$21,057,204
Net income
$36,138,910
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
2019Detailed filing. Detailed filing data is available for this year.$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