Civic Intelligence

Thales Academy

990 • Fiscal year 2022 • EIN 20-8920342

Jul 01, 2021 to Jun 30, 2022 • Filed on May 12, 2023

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

52nd percentile

0.26x

Higher debt load relative to assets than 52% of similar nonprofits.

2022 filings • NTEE B • $100M-$250M nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.76x

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

2022 filings • NTEE B • $100M-$250M nonprofits • Source year 2022

Net Margin

87th percentile

39%

Higher net margin than 87% of similar nonprofits.

2022 filings • NTEE B • $100M-$250M nonprofits • Source year 2022

Top Officer Pay

11th percentile

$93,624

Higher top officer pay than 11% of similar nonprofits.

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

2022 filings • NTEE B • $100M-$250M nonprofits • Source year 2022

Asset Growth

84th percentile

15%

Faster asset growth than 84% of similar nonprofits.

2022 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2021 to 2022

Revenue Growth

28th percentile

-3.7%

Faster revenue growth than 28% of similar nonprofits.

2022 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$156,547,178

Up $20,093,018 (+15%) from 2021

Net Assets

Up

$115,732,520

Up $17,501,769 (+18%) from 2021

Liabilities

Up

$40,814,658

Up $2,591,249 (+6.8%) from 2021

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin87th percentile

Revenue

Down

$53,403,024

Down $2,070,658 (-3.7%) from 2021

Expenses

Up

$32,633,017

Up $5,336,031 (+20%) from 2021

Net Income

Down

$20,770,007

Down $7,406,689 (-26%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth84th 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

2022

Assets$156,547,178
Liabilities$40,814,658
Net Assets$115,732,520
Open 2022 Filing

Operations Trend

Revenue Growth28th 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

2022

Revenue$53,403,024
Expenses$32,633,017
Net Income$20,770,007
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 12, 2023
Return Version
2021v4.2
Gross Receipts
$86,793,357
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$82,097,743$119,561,074▲ $37,463,331
Investments in Publicly Traded Securities$40,128,806$20,395,492▼ $19,733,314
Cash and Non-Interest-Bearing Accounts$11,231,856$10,812,257▼ $419,599
Prepaid Expenses and Deferred Charges$1,204,313$1,952,650▲ $748,337
Accounts Receivable$307,112$528,196▲ $221,084
Pledges and Grants Receivable$1,074,429$250,000▼ $824,429
Inventories for Sale or Use$91,682$107,218▲ $15,536
Total Assets$136,454,160$156,547,178▲ $20,093,018
Other Assets Total$318,219$2,940,291▲ $2,622,072
Liabilities
Tax Exempt Bond Liabilities$33,915,409$35,122,064▲ $1,206,655
Accounts Payable and Accrued Expenses$2,457,335$3,406,375▲ $949,040
Other Liabilities$1,850,665$2,286,219▲ $435,554
Total Liabilities$38,223,409$40,814,658▲ $2,591,249
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$97,986,562$114,802,591▲ $16,816,029
Net Assets With Donor Restrictions$244,189$929,929▲ $685,740
Total Net Assets Fund Balance$98,230,751$115,732,520▲ $17,501,769
Total Liabilities and Net Assets / Fund Balance$136,454,160$156,547,178▲ $20,093,018

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$61,062,595$17,406,821$78,469,416
Land$37,671,785-$37,671,785
Equipment$6,525,995$7,910,774$14,436,769
Other Land Buildings$14,246,730-$14,246,730
Leasehold Improvements$53,969$14,183$68,152
Compensation and Service Providers
Top Officer Pay11th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hilery Herman-paglioloDirector of AcademicsFT$78,070$15,554$93,624

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
Alexander Design BuildConstruction140 DURHAM STREET, Clayton, NC 27520$6,665,109
Poythress Commercial ContractorsConstruction224 TOWERVIEW COURT, Cary, NC 27513$3,182,047
Barnhill Contracting CompanyConstructionPO BOX 30097, Raleigh, NC 27622$2,529,687
Harvest Construction CompanyConstruction1108 GRECADE STREET STE 211, Greensboro, NC 27408$1,416,170
Withers & RavenelEngineering Services115 MACKENAN COMPANY, Cary, NC 27511$930,169
Revenue and Support

Revenue Composition

Contributions and Grants
$23,382,718
Program Service Revenue
$26,996,147
Investment Income
$2,758,054
Other Revenue
$266,105
All Other Contributions
$23,382,718
Change in Net Assets
$20,770,007

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 Traded6$17,223,000Various Securities
Total Noncash Contributions6$17,223,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$53,403,024
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-3,445,804
Total Revenue per Audited Statements
$49,957,220
Total Revenue per Form 990
$53,403,024
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$20,763,486
Other Expenses$11,673,965
Grants and Similar Amounts Paid$195,566
Total Fundraising Expense$186,088
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$17,715,372$259,606-$17,974,978
Depreciation Depletion$4,262,381$321,967-$4,584,348
Payroll Taxes$1,387,601$28,300-$1,415,901
Other Employee Benefits$857,127$26,500-$883,627
Interest$650,008$6,412-$656,420
Occupancy$630,114$24,934-$655,048
All Other Expenses$414,102$96,424-$510,526
Pension Plan Contributions$364,036$23,000-$387,036
Other Expenses$374,911$11,495-$374,911
Fees for Services Other$244,408$96,662-$341,070
Office Expenses$283,016$14,738-$297,754
Information Technology$213,632$30,650-$244,282
Grants to Domestic Individuals$195,566--$195,566
Advertising--$186,088$186,088
Fees for Services Management-$180,360-$180,360
Travel$67,775$67,775-$135,550
Insurance$119,443$4,395-$123,838
Current Officers, Directors, Trustees, and Key Employees-$101,944-$101,944
Fees for Services Accounting-$15,000-$15,000
Fees for Services Legal-$8,322-$8,322
Total Functional Expenses$31,022,966$1,423,963$186,088$32,633,017

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$32,633,017
Total Expenses per Form 990$32,633,017
Total Expenses per Audited Statements$32,455,451
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-177,566
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$1,473,128
-ENTITY MORE THAN 35% OWNED BY ROBERT L. LUDDY, DIRECTOREquipment PurchaseNo$1,256,503
-ENTITY MORE THAN 35% OWNED BY ROBERT L. LUDDY, DIRECTORUtilities and Various ServicesNo$92,821
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advance Registration & Tuition$2,286,219

Bond Issues

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

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$38,558,092-$3,166,454-

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
2023-05-12
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
659
Volunteers
112

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 -177,566. Change in fair value of interest rate swap 2,611,032.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Reconciliation of revenue: financial assistance netted with tuition for f/s -177,566.”

Raw XML AppendixShowing 400 of 572 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/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR OF ACADEMICS
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01789565
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt0195566
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0195566
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0195566
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt035179898
IRS990/GrossReceiptsAmt086793357
IRS990/GrossRentsGrp/RealAmt0163522
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt030650
IRS990/InformationTechnologyGrp/ProgramServicesAmt0213632
IRS990/InformationTechnologyGrp/TotalAmt0244282
IRS990/InsuranceGrp/ManagementAndGeneralAmt04395
IRS990/InsuranceGrp/ProgramServicesAmt0119443
IRS990/InsuranceGrp/TotalAmt0123838
IRS990/InterestGrp/ManagementAndGeneralAmt06412
IRS990/InterestGrp/ProgramServicesAmt0650008
IRS990/InterestGrp/TotalAmt0656420
IRS990/InventoriesForSaleOrUseGrp/BOYAmt091682
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0107218
IRS990/InvestmentIncomeGrp/ExclusionAmt0968489
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0968489
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt040128806
IRS990/InvestmentsPubTradedSecGrp/EOYAmt020395492
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt042
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt025331778
IRS990/LandBldgEquipBasisNetGrp/BOYAmt082097743
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0119561074
IRS990/LandBldgEquipCostOrOtherBssAmt0144892852
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt033390333
IRS990/LessRentalExpensesGrp/RealAmt00
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/NetAssetsOrFundBalancesBOYAmt098230751
IRS990/NetAssetsOrFundBalancesEOYAmt0115732520
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01789565
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01789565
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0163522
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0163522
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-3268238
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt097986562
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0114802591
IRS990/NoncashContributionsAmt017223000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt024934
IRS990/OccupancyGrp/ProgramServicesAmt0630114
IRS990/OccupancyGrp/TotalAmt0655048
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014738
IRS990/OfficeExpensesGrp/ProgramServicesAmt0283016
IRS990/OfficeExpensesGrp/TotalAmt0297754
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0318219
IRS990/OtherAssetsTotalGrp/EOYAmt02940291
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt026500
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0857127
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0883627
IRS990/OtherExpensesGrp/Desc0MAINTENANCE AND REPAIR
IRS990/OtherExpensesGrp/Desc1EDUCATIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc2JANITORIAL SERVICES
IRS990/OtherExpensesGrp/Desc3STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0105479
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt111495
IRS990/OtherExpensesGrp/ProgramServicesAmt01278328
IRS990/OtherExpensesGrp/ProgramServicesAmt11248758
IRS990/OtherExpensesGrp/ProgramServicesAmt2716388
IRS990/OtherExpensesGrp/ProgramServicesAmt3374911
IRS990/OtherExpensesGrp/TotalAmt01383807
IRS990/OtherExpensesGrp/TotalAmt11248758
IRS990/OtherExpensesGrp/TotalAmt2727883
IRS990/OtherExpensesGrp/TotalAmt3374911
IRS990/OtherLiabilitiesGrp/BOYAmt01850665
IRS990/OtherLiabilitiesGrp/EOYAmt02286219
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0102583
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0102583
IRS990/OtherRevenueTotalAmt0102583
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0259606
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt017715372
IRS990/OtherSalariesAndWagesGrp/TotalAmt017974978
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt028300
IRS990/PayrollTaxesGrp/ProgramServicesAmt01387601
IRS990/PayrollTaxesGrp/TotalAmt01415901
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt023000
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0364036
IRS990/PensionPlanContributionsGrp/TotalAmt0387036
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01074429
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0250000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01204313
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01952650
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/ExclusionAmt01400291
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt025003666
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1592190
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt025003666
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11400291
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2592190
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt033240898
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0270663
IRS990/PYInvestmentIncomeAmt01745344
IRS990/PYOtherExpensesAmt09955128
IRS990/PYOtherRevenueAmt0102794
IRS990/PYProgramServiceRevenueAmt020384646
IRS990/PYRevenuesLessExpensesAmt028176696
IRS990/PYSalariesCompEmpBnftPaidAmt017071195
IRS990/PYTotalExpensesAmt027296986
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt055473682
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt020770007
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0163522
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt026996147
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/BookValueAmt061062595
IRS990ScheduleD/BuildingsGrp/DepreciationAmt017406821
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt078469416
IRS990ScheduleD/EquipmentGrp/BookValueAmt06525995
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07910774
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014436769
IRS990ScheduleD/ExpensesNotReportedAmt0-177566
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt032633017
IRS990ScheduleD/LandGrp/BookValueAmt037671785
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt037671785
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt053969
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt014183
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt068152
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-5879270
IRS990ScheduleD/OtherExpensesIncludedAmt0-177566
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt014246730
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014246730
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02286219
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCE REGISTRATION & TUITION
IRS990ScheduleD/OtherRevenueAmt02433466
IRS990ScheduleD/RevenueNotReportedAmt0-3445804
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt053403024
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RECONCILIATION OF REVENUE: FINANCIAL ASSISTANCE NETTED WITH TUITION FOR F/S -177,566. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 2,611,032.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECONCILIATION OF REVENUE: FINANCIAL ASSISTANCE NETTED WITH TUITION FOR F/S -177,566.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0119561074
IRS990ScheduleD/TotalExpensesPerForm990Amt032633017
IRS990ScheduleD/TotalLiabilityAmt02286219
IRS990ScheduleD/TotalRevenuePerForm990Amt053403024
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt049957220
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt032455451
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/CashGrantAmt0177566
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt118000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt10
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0167

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$156,547,178
Liabilities
$40,814,658
Net assets
$115,732,520
Revenue
$53,403,024
Expenses
$32,633,017
Net income
$20,770,007
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
2022Detailed filing. Detailed filing data is available for this year.$157$40.8$116$53.4$32.6$20.8
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$136$38.2$98.2$55.5$27.3$28.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$101$37.2$64.0$18.6$23.3$4.68
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$97.9$26.8$71.2$57.2$21.1$36.1
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$68.4$33.9$34.5$36.3$18.3$18.0
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