Civic Intelligence

Thales Academy

990 • Fiscal year 2020 • EIN 20-8920342

Jul 01, 2019 to Jun 30, 2020 • Filed on May 12, 2021

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

66th percentile

0.37x

Higher debt load relative to assets than 66% of similar nonprofits.

2020 filings • NTEE B • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

2.00x

Higher debt load relative to revenue than 90% of similar nonprofits.

2020 filings • NTEE B • $100M-$250M nonprofits • Source year 2020

Net Margin

5th percentile

-25%

Higher net margin than 5% of similar nonprofits.

2020 filings • NTEE B • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

12th percentile

$146,432

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2020 filings • NTEE B • $100M-$250M nonprofits • Source year 2020

Asset Growth

63rd percentile

3.4%

Faster asset growth than 63% of similar nonprofits.

2020 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

3rd percentile

-67%

Faster revenue growth than 3% of similar nonprofits.

2020 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$101,220,882

Up $3,284,450 (+3.4%) from 2019

Net Assets

Down

$64,047,166

Down $7,111,581 (-10.0%) from 2019

Liabilities

Up

$37,173,716

Up $10,396,031 (+39%) from 2019

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin5th percentile

Revenue

Down

$18,592,138

Down $38,603,976 (-67%) from 2019

Expenses

Up

$23,267,652

Up $2,210,448 (+10%) from 2019

Net Income

Down

-$4,675,514

Down $40,814,424 (-113%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth63rd 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

2020

Assets$101,220,882
Liabilities$37,173,716
Net Assets$64,047,166
Open 2020 Filing

Operations Trend

Revenue Growth3rd 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

2020

Revenue$18,592,138
Expenses$23,267,652
Net Income-$4,675,514
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 12, 2021
Return Version
2019v5.2
Gross Receipts
$50,453,243
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$60,592,846$65,531,781▲ $4,938,935
Investments in Publicly Traded Securities$16,789,240$19,237,617▲ $2,448,377
Investments Other Securities$19,362,084$10,034,628▼ $9,327,456
Cash and Non-Interest-Bearing Accounts$66,457$4,822,026▲ $4,755,569
Prepaid Expenses and Deferred Charges$742,420$1,338,918▲ $596,498
Accounts Receivable$314,539$171,170▼ $143,369
Inventories for Sale or Use$53,362$63,359▲ $9,997
Total Assets$97,936,432$101,220,882▲ $3,284,450
Other Assets Total$15,484$21,383▲ $5,899
Liabilities
Tax Exempt Bond Liabilities$24,217,091$33,534,149▲ $9,317,058
Other Liabilities$1,185,235$2,220,003▲ $1,034,768
Accounts Payable and Accrued Expenses$1,375,359$1,419,564▲ $44,205
Total Liabilities$26,777,685$37,173,716▲ $10,396,031
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$71,158,747$64,047,166▼ $7,111,581
Total Net Assets Fund Balance$71,158,747$64,047,166▼ $7,111,581
Total Liabilities and Net Assets / Fund Balance$97,936,432$101,220,882▲ $3,284,450

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$44,134,430$11,676,996$55,811,426
Land$12,921,734-$12,921,734
Equipment$3,062,149$5,339,175$8,401,324
Other Land Buildings$5,413,468-$5,413,468
Leasehold Improvements$0$12,565$12,565
Other Securities$10,034,628--
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy C HallDirector of AcademicsFT$130,242$16,190$146,432

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
$1,900,500
Program Service Revenue
$17,433,947
Investment Income
$-822,737
Other Revenue
$80,428
All Other Contributions
$1,900,500
Change in Net Assets
$-4,675,514

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,592,138
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,670,334
Total Revenue per Audited Statements
$16,921,804
Total Revenue per Form 990
$18,592,138
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,420,493
Other Expenses$8,517,835
Grants and Similar Amounts Paid$329,324
Total Fundraising Expense$153,880
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,325,588--$12,325,588
Depreciation Depletion$3,207,055$19,358-$3,226,413
Payroll Taxes$954,431$6,480-$960,911
Interest$897,464$5,806-$903,270
Other Employee Benefits$814,258--$814,258
Occupancy$440,269$52,974-$493,243
Fees for Services Other$132,585$213,686-$346,271
Grants to Domestic Individuals$319,324--$319,324
Office Expenses$212,994$91,247-$304,241
Other Expenses$237,705$8,323-$237,705
Information Technology$107,343$71,560-$178,903
Pension Plan Contributions$176,618--$176,618
Advertising--$153,880$153,880
All Other Expenses$32,373$120,022-$152,395
Current Officers, Directors, Trustees, and Key Employees$44,693$98,425-$143,118
Travel$59,298$59,299-$118,597
Insurance$48,795$32,800-$81,595
Fees for Services Legal-$27,539-$27,539
Grants to Domestic Orgs$10,000--$10,000
Fees for Services Accounting-$8,000-$8,000
Total Functional Expenses$22,284,518$829,254$153,880$23,267,652

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$24,033,385
Total Expenses per Form 990$23,267,652
Expenses per Audited Statements$22,966,528
Expenses Not Reported on Form 990$1,066,857
Expenses Not Reported on Financial Statements$301,124
Other Expense Adjustments$301,124
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
A Fellowship of Catholic ScholarsNotre Dame, IN-To Provide Financial Assistance for Students Who Qualify$10,000
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$1,609,161
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advance Registration & Tuition$1,153,146
Interest Rate Swap$1,066,857

Bond Issues

BondIssuerIssuedIssue PricePurpose
CPublic Finance Authority2020-03-25$38,558,092Finance of educational facilities
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
C$34,158,092-$324,000-
B$19,000,000-$19,000,000$182,080
A$10,500,000-$10,500,000$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 35% controlled entity
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
2021-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William H Francis Jr
Formed
2007
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
4
Employees
500
Volunteers
87

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 -301,124.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Change in fair value of interest rate swap 1,066,857.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Reconciliation of expenses: financial assistance netted with tuition for f/s 301,124.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR OF ACADEMICS
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IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1991846
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1991846
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-2436067
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt071158747
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt064047166
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt052974
IRS990/OccupancyGrp/ProgramServicesAmt0440269
IRS990/OccupancyGrp/TotalAmt0493243
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt091247
IRS990/OfficeExpensesGrp/ProgramServicesAmt0212994
IRS990/OfficeExpensesGrp/TotalAmt0304241
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt015484
IRS990/OtherAssetsTotalGrp/EOYAmt021383
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0814258
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0814258
IRS990/OtherExpensesGrp/Desc0MAINTENANCE AND REPAIR
IRS990/OtherExpensesGrp/Desc1EDUCATIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc2JANITORIAL SERVICES
IRS990/OtherExpensesGrp/Desc3STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013735
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18323
IRS990/OtherExpensesGrp/ProgramServicesAmt01011072
IRS990/OtherExpensesGrp/ProgramServicesAmt1896701
IRS990/OtherExpensesGrp/ProgramServicesAmt2355952
IRS990/OtherExpensesGrp/ProgramServicesAmt3237705
IRS990/OtherExpensesGrp/TotalAmt01024807
IRS990/OtherExpensesGrp/TotalAmt1896701
IRS990/OtherExpensesGrp/TotalAmt2364275
IRS990/OtherExpensesGrp/TotalAmt3237705
IRS990/OtherLiabilitiesGrp/BOYAmt01185235
IRS990/OtherLiabilitiesGrp/EOYAmt02220003
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt080428
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt080428
IRS990/OtherRevenueTotalAmt080428
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt012325588
IRS990/OtherSalariesAndWagesGrp/TotalAmt012325588
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06480
IRS990/PayrollTaxesGrp/ProgramServicesAmt0954431
IRS990/PayrollTaxesGrp/TotalAmt0960911
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0176618
IRS990/PensionPlanContributionsGrp/TotalAmt0176618
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0742420
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01338918
IRS990/PrincipalOfficerNm0WILLIAM H FRANCIS JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1AFTERSCHOOL CARE FEES
IRS990/ProgramServiceRevenueGrp/Desc2STUDENT ACTIVITY FEES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0757139
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt016349401
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1327407
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016349401
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1757139
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2327407
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt037839961
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0320705
IRS990/PYInvestmentIncomeAmt02989513
IRS990/PYOtherExpensesAmt07956896
IRS990/PYOtherRevenueAmt031432
IRS990/PYProgramServiceRevenueAmt016335208
IRS990/PYRevenuesLessExpensesAmt036138910
IRS990/PYSalariesCompEmpBnftPaidAmt012779603
IRS990/PYTotalExpensesAmt021057204
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt057196114
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-4675514
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt017433947
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/BookValueAmt044134430
IRS990ScheduleD/BuildingsGrp/DepreciationAmt011676996
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt055811426
IRS990ScheduleD/EquipmentGrp/BookValueAmt03062149
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05339175
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08401324
IRS990ScheduleD/ExpensesNotReportedAmt01066857
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0301124
IRS990ScheduleD/ExpensesSubtotalAmt022966528
IRS990ScheduleD/LandGrp/BookValueAmt012921734
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012921734
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012565
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012565
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1369210
IRS990ScheduleD/OtherExpensesIncludedAmt01066857
IRS990ScheduleD/OtherExpensesNotIncludedAmt0301124
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05413468
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05413468
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01153146
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11066857
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCE REGISTRATION & TUITION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INTEREST RATE SWAP
IRS990ScheduleD/OtherRevenueAmt0-301124
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt010034628
IRS990ScheduleD/OtherSecuritiesGrp/Desc01,634,304.207 SHS FRANKLIN US GOV'T SECURITIES CL A
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0-1670334
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt018592138
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RECONCILIATION OF REVENUE: FINANCIAL ASSISTANCE NETTED WITH TUITION FOR F/S -301,124.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 1,066,857.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RECONCILIATION OF EXPENSES: FINANCIAL ASSISTANCE NETTED WITH TUITION FOR F/S 301,124.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt065531781
IRS990ScheduleD/TotalBookValueSecuritiesAmt010034628
IRS990ScheduleD/TotalExpensesPerForm990Amt023267652
IRS990ScheduleD/TotalLiabilityAmt02220003
IRS990ScheduleD/TotalRevenuePerForm990Amt018592138
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt016921804
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt024033385
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/CashGrantAmt0301124
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt118200
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0160
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt18
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0BOOK
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1BOOK
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE FINANCIAL ASSISTANCE FOR STUDENTS WHO QUALIFY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0A FELLOWSHIP OF CATHOLIC SCHOLARS
IRS990ScheduleI/RecipientTable/RecipientEIN0352071291
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 495
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NOTRE DAME
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd046556
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
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd2C
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd10
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd20
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0NO PROCEEDS OF THE 2020-G BOND SHALL BE DELIVERED ON THE CLOSING DATE. SUCH PROCEEDS SHALL BE ADVANCED FROM TIME TO TIME. AS OF 06/30/2020, $600,000 OF THE $5,000,000 HAS BEEN ADVANCED.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, LINE 3
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd20

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$101,220,882
Liabilities
$37,173,716
Net assets
$64,047,166
Revenue
$18,592,138
Expenses
$23,267,652
Net income
-$4,675,514
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
2020Detailed filing. Detailed filing data is available for this year.$101$37.2$64.0$18.6$23.3$4.68
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$97.9$26.8$71.2$57.2$21.1$36.1
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$68.4$33.9$34.5$36.3$18.3$18.0
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.3$28.6$15.7$18.5$15.3$3.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.6$29.2$12.4$14.5$12.7$1.83
2015Detailed filing. Detailed filing data is available for this year.$35.3$24.7$10.6$13.7$9.76$3.98
2014Detailed filing. Detailed filing data is available for this year.$26.4$19.7$6.63$11.6$7.18$4.45
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.6$17.4$2.18$6.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.9$15.4$2.45$5.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$15.5$0.94$4.01