Civic Intelligence

Thales Academy

990 • Fiscal year 2021 • EIN 20-8920342

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

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

57th percentile

0.28x

Higher debt load relative to assets than 57% of similar nonprofits.

2021 filings • NTEE B • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

64th percentile

0.69x

Higher debt load relative to revenue than 64% of similar nonprofits.

2021 filings • NTEE B • $100M-$250M nonprofits • Source year 2021

Net Margin

89th percentile

51%

Higher net margin than 89% of similar nonprofits.

2021 filings • NTEE B • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

11th percentile

$87,497

Higher top officer pay than 11% of similar nonprofits.

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

2021 filings • NTEE B • $100M-$250M nonprofits • Source year 2021

Asset Growth

89th percentile

35%

Faster asset growth than 89% of similar nonprofits.

2021 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

98th percentile

198%

Faster revenue growth than 98% of similar nonprofits.

2021 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$136,454,160

Up $35,233,278 (+35%) from 2020

Net Assets

Up

$98,230,751

Up $34,183,585 (+53%) from 2020

Liabilities

Up

$38,223,409

Up $1,049,693 (+2.8%) from 2020

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin89th percentile

Revenue

Up

$55,473,682

Up $36,881,544 (+198%) from 2020

Expenses

Up

$27,296,986

Up $4,029,334 (+17%) from 2020

Net Income

Up

$28,176,696

Up $32,852,210 (+703%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth89th 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

2021

Assets$136,454,160
Liabilities$38,223,409
Net Assets$98,230,751
Open 2021 Filing

Operations Trend

Revenue Growth98th 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

2021

Revenue$55,473,682
Expenses$27,296,986
Net Income$28,176,696
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$85,968,422
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$65,531,781$82,097,743▲ $16,565,962
Investments in Publicly Traded Securities$19,237,617$40,128,806▲ $20,891,189
Cash and Non-Interest-Bearing Accounts$4,822,026$11,231,856▲ $6,409,830
Investments Other Securities$10,034,628$0▼ $10,034,628
Prepaid Expenses and Deferred Charges$1,338,918$1,204,313▼ $134,605
Pledges and Grants Receivable$0$1,074,429▲ $1,074,429
Accounts Receivable$171,170$307,112▲ $135,942
Inventories for Sale or Use$63,359$91,682▲ $28,323
Total Assets$101,220,882$136,454,160▲ $35,233,278
Other Assets Total$21,383$318,219▲ $296,836
Liabilities
Tax Exempt Bond Liabilities$33,534,149$33,915,409▲ $381,260
Accounts Payable and Accrued Expenses$1,419,564$2,457,335▲ $1,037,771
Other Liabilities$2,220,003$1,850,665▼ $369,338
Total Liabilities$37,173,716$38,223,409▲ $1,049,693
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$64,047,166$97,986,562▲ $33,939,396
Net Assets With Donor Restrictions-$244,189-
Total Net Assets Fund Balance$64,047,166$98,230,751▲ $34,183,585
Total Liabilities and Net Assets / Fund Balance$101,220,882$136,454,160▲ $35,233,278

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$47,996,897$14,227,847$62,224,744
Land$20,309,154-$20,309,154
Equipment$4,886,303$6,511,879$11,398,182
Other Land Buildings$8,852,346-$8,852,346
Leasehold Improvements$53,043$12,745$65,788
Compensation and Service Providers
Top Officer Pay11th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hilery Herman-paglioloDirector of AcademicsFT$72,902$14,595$87,497
Timothy C HallDirector of AcademicsFT$60,511$7,382$67,893

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Harvest Construction CompanyConstruction1108 GRECADE STREET STE 211, Greensboro, NC 27408$1,031,372
Worrie Free Cleaning ServicesCleaning Services6300 CREEDMOOR ROAD STE 170-111, Raleigh, NC 27612$289,920
Andy HowardRepair And Maintenance Services7502 STONEY HILL ROAD, Wake Forest, NC 27587$159,872
Crossroads ArchitectureArchitectural Services667 WEDGEWOOD AVENUE, Nashville, TN 37203$117,776
Youngsville Cabinet CompanyEquipment And Renovation40 WINASH WAY, Youngsville, NC 27596$113,064
Revenue and Support

Revenue Composition

Contributions and Grants
$33,240,898
Program Service Revenue
$20,384,646
Investment Income
$1,745,344
Other Revenue
$102,794
All Other Contributions
$33,240,898
Change in Net Assets
$28,176,696

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 Traded4$22,071,726Various Securities
Real Estate Other1$7,200,000Appraisal
Total Noncash Contributions5$29,271,726-

Audited Revenue Reconciliation

Revenue per Audited Statements
$55,473,682
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$5,839,933
Total Revenue per Audited Statements
$61,313,615
Total Revenue per Form 990
$55,473,682
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$17,071,195
Other Expenses$9,955,128
Grants and Similar Amounts Paid$270,663
Total Fundraising Expense$217,128
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,511,321$195,000-$14,706,321
Depreciation Depletion$3,443,108$280,627-$3,723,735
Payroll Taxes$1,142,204$21,336-$1,163,540
Other Employee Benefits$786,751$10,623-$797,374
Interest$597,343$3,991-$601,334
Occupancy$499,101$29,239-$528,340
All Other Expenses$189,077$147,100-$336,177
Office Expenses$284,188$27,253-$311,441
Pension Plan Contributions$290,583$16,753-$307,336
Grants to Domestic Individuals$270,663--$270,663
Fees for Services Management-$258,846-$258,846
Information Technology$134,714$119,109-$253,823
Advertising--$217,128$217,128
Fees for Services Other$216,939--$216,939
Other Expenses$157,075$16,787-$157,075
Travel$75,565$75,565-$151,130
Insurance$80,431$53,621-$134,052
Current Officers, Directors, Trustees, and Key Employees-$96,624-$96,624
Fees for Services Legal-$4,857-$4,857
Total Functional Expenses$25,608,870$1,470,988$217,128$27,296,986

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$27,296,986
Total Expenses per Form 990$27,296,986
Total Expenses per Audited Statements$27,130,030
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-166,956
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$1,551,505
-ENTITY MORE THAN 35% OWNED BY ROBERT L. LUDDY, DIRECTOREquipment PurchaseNo$419,538
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advance Registration & Tuition$1,850,665

Bond Issues

BondIssuerIssuedIssue PricePurpose
APublic Finance Authority2020-03-25$38,558,092Finance of educational facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$36,044,160-$1,643,992-

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
2022-05-16
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
521
Volunteers
105

Preparer

Firm
Batchelor Tillery & Roberts Llp
Address
3605 GLENWOOD AVENUE SUITE 350, RALEIGH, NC 27612
Preparer
Dawn O Whitt
Phone
9197878212
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Reconciliation of revenue: financial assistance netted with tuition for f/s -255,163. Loss on abandonment of assets 88,207. Change in fair value of interest rate swap 1,363,693.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Reconciliation of revenue: financial assistance netted with tuition for f/s -255,163.”

Raw XML AppendixShowing 400 of 579 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY-TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR OF ACADEMICS
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR OF ACADEMICS
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-88207
IRS990/GainOrLossGrp/SecuritiesAmt0971804
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt0270663
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0270663
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0270663
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt031378337
IRS990/GrossReceiptsAmt085968422
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0119109
IRS990/InformationTechnologyGrp/ProgramServicesAmt0134714
IRS990/InformationTechnologyGrp/TotalAmt0253823
IRS990/InsuranceGrp/ManagementAndGeneralAmt053621
IRS990/InsuranceGrp/ProgramServicesAmt080431
IRS990/InsuranceGrp/TotalAmt0134052
IRS990/InterestGrp/ManagementAndGeneralAmt03991
IRS990/InterestGrp/ProgramServicesAmt0597343
IRS990/InterestGrp/TotalAmt0601334
IRS990/InventoriesForSaleOrUseGrp/BOYAmt063359
IRS990/InventoriesForSaleOrUseGrp/EOYAmt091682
IRS990/InvestmentIncomeGrp/ExclusionAmt0861747
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0861747
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt010034628
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt019237617
IRS990/InvestmentsPubTradedSecGrp/EOYAmt040128806
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt062
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt020752471
IRS990/LandBldgEquipBasisNetGrp/BOYAmt065531781
IRS990/LandBldgEquipBasisNetGrp/EOYAmt082097743
IRS990/LandBldgEquipCostOrOtherBssAmt0102850214
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt088207
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt030406533
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THALES ACADEMY IS AN INDEPENDENT SCHOOL SERVING STUDENTS FROM PRE-KINDERGARTEN TO TWELFTH GRADE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt064047166
IRS990/NetAssetsOrFundBalancesEOYAmt098230751
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0883597
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0883597
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt06006889
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt064047166
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt097986562
IRS990/NoncashContributionsAmt029271726
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt029239
IRS990/OccupancyGrp/ProgramServicesAmt0499101
IRS990/OccupancyGrp/TotalAmt0528340
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt027253
IRS990/OfficeExpensesGrp/ProgramServicesAmt0284188
IRS990/OfficeExpensesGrp/TotalAmt0311441
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt021383
IRS990/OtherAssetsTotalGrp/EOYAmt0318219
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010623
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0786751
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0797374
IRS990/OtherExpensesGrp/Desc0MAINTENANCE AND REPAIR
IRS990/OtherExpensesGrp/Desc1EDUCATIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc2JANITORIAL SERVICES
IRS990/OtherExpensesGrp/Desc3STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0113657
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt116787
IRS990/OtherExpensesGrp/ProgramServicesAmt01189347
IRS990/OtherExpensesGrp/ProgramServicesAmt11151622
IRS990/OtherExpensesGrp/ProgramServicesAmt2588838
IRS990/OtherExpensesGrp/ProgramServicesAmt3157075
IRS990/OtherExpensesGrp/TotalAmt01303004
IRS990/OtherExpensesGrp/TotalAmt11151622
IRS990/OtherExpensesGrp/TotalAmt2605625
IRS990/OtherExpensesGrp/TotalAmt3157075
IRS990/OtherLiabilitiesGrp/BOYAmt02220003
IRS990/OtherLiabilitiesGrp/EOYAmt01850665
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0102794
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0102794
IRS990/OtherRevenueTotalAmt0102794
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0195000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt014511321
IRS990/OtherSalariesAndWagesGrp/TotalAmt014706321
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt021336
IRS990/PayrollTaxesGrp/ProgramServicesAmt01142204
IRS990/PayrollTaxesGrp/TotalAmt01163540
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt016753
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0290583
IRS990/PensionPlanContributionsGrp/TotalAmt0307336
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01074429
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01338918
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01204313
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/Desc3TESTING FEES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0739321
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt019487672
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1156481
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21172
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt019487672
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1739321
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2156481
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31172
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01900500
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0329324
IRS990/PYInvestmentIncomeAmt0-822737
IRS990/PYOtherExpensesAmt08517835
IRS990/PYOtherRevenueAmt080428
IRS990/PYProgramServiceRevenueAmt017433947
IRS990/PYRevenuesLessExpensesAmt0-4675514
IRS990/PYSalariesCompEmpBnftPaidAmt014420493
IRS990/PYTotalExpensesAmt023267652
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt018592138
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt028176696
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt020384646
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/BookValueAmt047996897
IRS990ScheduleD/BuildingsGrp/DepreciationAmt014227847
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt062224744
IRS990ScheduleD/EquipmentGrp/BookValueAmt04886303
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06511879
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011398182
IRS990ScheduleD/ExpensesNotReportedAmt0-166956
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt027296986
IRS990ScheduleD/LandGrp/BookValueAmt020309154
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020309154
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt053043
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012745
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt065788
IRS990ScheduleD/LossesReportedAmt088207
IRS990ScheduleD/NetUnrealizedGainsInvstAmt04643196
IRS990ScheduleD/OtherExpensesIncludedAmt0-255163
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08852346
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08852346
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01850665
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCE REGISTRATION & TUITION
IRS990ScheduleD/OtherRevenueAmt01196737
IRS990ScheduleD/RevenueNotReportedAmt05839933
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt055473682
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RECONCILIATION OF REVENUE: FINANCIAL ASSISTANCE NETTED WITH TUITION FOR F/S -255,163. LOSS ON ABANDONMENT OF ASSETS 88,207. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 1,363,693.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECONCILIATION OF REVENUE: FINANCIAL ASSISTANCE NETTED WITH TUITION FOR F/S -255,163.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt082097743
IRS990ScheduleD/TotalExpensesPerForm990Amt027296986
IRS990ScheduleD/TotalLiabilityAmt01850665
IRS990ScheduleD/TotalRevenuePerForm990Amt055473682
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt061313615
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt027130030
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

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$136,454,160
Liabilities
$38,223,409
Net assets
$98,230,751
Revenue
$55,473,682
Expenses
$27,296,986
Net income
$28,176,696
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
2021Detailed filing. Detailed filing data is available for this year.$136$38.2$98.2$55.5$27.3$28.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$101$37.2$64.0$18.6$23.3$4.68
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$97.9$26.8$71.2$57.2$21.1$36.1
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$68.4$33.9$34.5$36.3$18.3$18.0
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.3$28.6$15.7$18.5$15.3$3.25
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