Civic Intelligence

Thales Academy

990 • Fiscal year 2023 • EIN 20-8920342

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

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

45th percentile

0.24x

Higher debt load relative to assets than 45% of similar nonprofits.

2023 filings • NTEE B • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

55th percentile

0.87x

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

2023 filings • NTEE B • $100M-$250M nonprofits • Source year 2023

Net Margin

63rd percentile

4.3%

Higher net margin than 63% of similar nonprofits.

2023 filings • NTEE B • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

12th percentile

$102,146

Higher top officer pay than 12% of similar nonprofits.

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

2023 filings • NTEE B • $100M-$250M nonprofits • Source year 2023

Asset Growth

31st percentile

1.0%

Faster asset growth than 31% of similar nonprofits.

2023 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

16th percentile

-19%

Faster revenue growth than 16% of similar nonprofits.

2023 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$158,100,610

Up $1,553,432 (+1.0%) from 2022

Net Assets

Up

$120,329,259

Up $4,596,739 (+4.0%) from 2022

Liabilities

Down

$37,771,351

Down $3,043,307 (-7.5%) from 2022

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin63rd percentile

Revenue

Down

$43,462,367

Down $9,940,657 (-19%) from 2022

Expenses

Up

$41,602,603

Up $8,969,586 (+27%) from 2022

Net Income

Down

$1,859,764

Down $18,910,243 (-91%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth31st 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

2023

Assets$158,100,610
Liabilities$37,771,351
Net Assets$120,329,259
Open 2023 Filing

Operations Trend

Revenue Growth16th 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

2023

Revenue$43,462,367
Expenses$41,602,603
Net Income$1,859,764
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$98,304,122
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$119,561,074$123,983,717▲ $4,422,643
Investments in Publicly Traded Securities$20,395,492$27,740,043▲ $7,344,551
Prepaid Expenses and Deferred Charges$1,952,650$1,937,062▼ $15,588
Cash and Non-Interest-Bearing Accounts$10,812,257$449,231▼ $10,363,026
Pledges and Grants Receivable$250,000$0▼ $250,000
Accounts Receivable$528,196$182,439▼ $345,757
Inventories for Sale or Use$107,218$136,010▲ $28,792
Total Assets$156,547,178$158,100,610▲ $1,553,432
Other Assets Total$2,940,291$3,672,108▲ $731,817
Liabilities
Tax Exempt Bond Liabilities$35,122,064$33,087,893▼ $2,034,171
Accounts Payable and Accrued Expenses$3,406,375$2,425,440▼ $980,935
Other Liabilities$2,286,219$2,258,018▼ $28,201
Total Liabilities$40,814,658$37,771,351▼ $3,043,307
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$114,802,591$119,549,330▲ $4,746,739
Net Assets With Donor Restrictions$929,929$779,929▼ $150,000
Total Net Assets Fund Balance$115,732,520$120,329,259▲ $4,596,739
Total Liabilities and Net Assets / Fund Balance$156,547,178$158,100,610▲ $1,553,432

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$67,912,071$21,807,935$89,720,006
Land$37,694,344-$37,694,344
Equipment$7,529,017$9,720,488$17,249,505
Other Land Buildings$10,795,741-$10,795,741
Leasehold Improvements$52,544$15,608$68,152
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hilery Herman-paglioloDirector of AcademicsFT$83,357$18,789$102,146

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$4,722,280
Resolute Building CompanyConstructionPO BOX 3656, Chapel Hill, NC 27515$1,299,531
Tony Johnson ArchitectureArchitecture104 N LONBARD ST, Clayton, NC 27520$667,662
Barnhill Contracting CompanyConstructionPO BOX 30097, Raleigh, NC 27622$480,692
Withers & RavenelEngineering Services115 MACKENAN COMPANY, Cary, NC 27511$338,840
Revenue and Support

Revenue Composition

Contributions and Grants
$10,436,547
Program Service Revenue
$32,141,645
Investment Income
$625,935
Other Revenue
$258,240
All Other Contributions
$10,436,547
Change in Net Assets
$1,859,764

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$8,268,200Various Securities
Total Noncash Contributions3$8,268,200-

Audited Revenue Reconciliation

Revenue per Audited Statements
$43,462,367
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,499,106
Total Revenue per Audited Statements
$45,961,473
Total Revenue per Form 990
$43,462,367
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$26,043,233
Other Expenses$15,299,001
Grants and Similar Amounts Paid$260,369
Total Fundraising Expense$107,185
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$22,302,485$264,771-$22,567,256
Depreciation Depletion$5,774,889$437,364-$6,212,253
Payroll Taxes$1,637,678$28,300-$1,665,978
Other Employee Benefits$1,139,439$16,223-$1,155,662
Occupancy$1,085,306$19,613-$1,104,919
Interest$681,662$6,732-$688,394
Other Expenses$614,440$13,138-$614,440
All Other Expenses$497,900$116,065-$613,965
Pension Plan Contributions$524,281$19,434-$543,715
Fees for Services Other$398,300$6,917-$405,217
Office Expenses$380,281$19,362-$399,643
Fees for Services Management-$383,040-$383,040
Grants to Domestic Individuals$260,369--$260,369
Information Technology$209,847$30,106-$239,953
Insurance$165,073$6,074-$171,147
Travel$76,170$76,170-$152,340
Current Officers, Directors, Trustees, and Key Employees-$110,622-$110,622
Advertising--$107,185$107,185
Fees for Services Legal-$29,699-$29,699
Fees for Services Accounting-$17,000-$17,000
Total Functional Expenses$39,825,028$1,670,390$107,185$41,602,603

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$41,602,603
Total Expenses per Form 990$41,602,603
Total Expenses per Audited Statements$41,364,734
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-237,869
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$1,765,658
-ENTITY MORE THAN 35% OWNED BY ROBERT L. LUDDY, DIRECTOREquipment PurchaseNo$939,706
-ENTITY MORE THAN 35% OWNED BY ROBERT L. LUDDY, DIRECTORUtilities and Various ServicesNo$60,189
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advance Registration & Tuition$2,258,018

Bond Issues

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

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$38,558,092-$5,215,809-

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
2024-05-15
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
750
Volunteers
123

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 -237,869. Change in fair value of interest rate swap 731,817.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Reconciliation of revenue: financial assistance netted with tuition for f/s -237,869.”

Raw XML AppendixShowing 400 of 577 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/PersonNm3RANDOLPH L LUDDY
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IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY-TREASURER
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/SecuritiesAmt0-327501
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt0260369
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0260369
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0260369
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt054514254
IRS990/GrossReceiptsAmt098304122
IRS990/GrossRentsGrp/RealAmt0193696
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt030106
IRS990/InformationTechnologyGrp/ProgramServicesAmt0209847
IRS990/InformationTechnologyGrp/TotalAmt0239953
IRS990/InsuranceGrp/ManagementAndGeneralAmt06074
IRS990/InsuranceGrp/ProgramServicesAmt0165073
IRS990/InsuranceGrp/TotalAmt0171147
IRS990/InterestGrp/ManagementAndGeneralAmt06732
IRS990/InterestGrp/ProgramServicesAmt0681662
IRS990/InterestGrp/TotalAmt0688394
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0107218
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0136010
IRS990/InvestmentIncomeGrp/ExclusionAmt0953436
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0953436
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt020395492
IRS990/InvestmentsPubTradedSecGrp/EOYAmt027740043
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt050
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt031544031
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0119561074
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0123983717
IRS990/LandBldgEquipCostOrOtherBssAmt0155527748
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt054841755
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/NetAssetsOrFundBalancesBOYAmt0115732520
IRS990/NetAssetsOrFundBalancesEOYAmt0120329259
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-327501
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-327501
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0193696
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0193696
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02736975
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0114802591
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0119549330
IRS990/NoncashContributionsAmt08268200
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt019613
IRS990/OccupancyGrp/ProgramServicesAmt01085306
IRS990/OccupancyGrp/TotalAmt01104919
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019362
IRS990/OfficeExpensesGrp/ProgramServicesAmt0380281
IRS990/OfficeExpensesGrp/TotalAmt0399643
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02940291
IRS990/OtherAssetsTotalGrp/EOYAmt03672108
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016223
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01139439
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01155662
IRS990/OtherExpensesGrp/Desc0MAINTENANCE AND REPAIR
IRS990/OtherExpensesGrp/Desc1EDUCATIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc2JANITORIAL SERVICES
IRS990/OtherExpensesGrp/Desc3STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt069760
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113138
IRS990/OtherExpensesGrp/ProgramServicesAmt01576872
IRS990/OtherExpensesGrp/ProgramServicesAmt11621195
IRS990/OtherExpensesGrp/ProgramServicesAmt2878841
IRS990/OtherExpensesGrp/ProgramServicesAmt3614440
IRS990/OtherExpensesGrp/TotalAmt01646632
IRS990/OtherExpensesGrp/TotalAmt11621195
IRS990/OtherExpensesGrp/TotalAmt2891979
IRS990/OtherExpensesGrp/TotalAmt3614440
IRS990/OtherLiabilitiesGrp/BOYAmt02286219
IRS990/OtherLiabilitiesGrp/EOYAmt02258018
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt064544
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt064544
IRS990/OtherRevenueTotalAmt064544
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0264771
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt022302485
IRS990/OtherSalariesAndWagesGrp/TotalAmt022567256
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt028300
IRS990/PayrollTaxesGrp/ProgramServicesAmt01637678
IRS990/PayrollTaxesGrp/TotalAmt01665978
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt019434
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0524281
IRS990/PensionPlanContributionsGrp/TotalAmt0543715
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0250000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01952650
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01937062
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/ExclusionAmt01876596
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt029522820
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1742229
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt029522820
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11876596
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2742229
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt023382718
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0195566
IRS990/PYInvestmentIncomeAmt02758054
IRS990/PYOtherExpensesAmt011673965
IRS990/PYOtherRevenueAmt0266105
IRS990/PYProgramServiceRevenueAmt026996147
IRS990/PYRevenuesLessExpensesAmt020770007
IRS990/PYSalariesCompEmpBnftPaidAmt020763486
IRS990/PYTotalExpensesAmt032633017
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt053403024
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01859764
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0193696
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt032141645
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/BookValueAmt067912071
IRS990ScheduleD/BuildingsGrp/DepreciationAmt021807935
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt089720006
IRS990ScheduleD/EquipmentGrp/BookValueAmt07529017
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09720488
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017249505
IRS990ScheduleD/ExpensesNotReportedAmt0-237869
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt041602603
IRS990ScheduleD/LandGrp/BookValueAmt037694344
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt037694344
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt052544
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt015608
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt068152
IRS990ScheduleD/NetUnrealizedGainsInvstAmt02005158
IRS990ScheduleD/OtherExpensesIncludedAmt0-237869
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010795741
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010795741
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02258018
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCE REGISTRATION & TUITION
IRS990ScheduleD/OtherRevenueAmt0493948
IRS990ScheduleD/RevenueNotReportedAmt02499106
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt043462367
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RECONCILIATION OF REVENUE: FINANCIAL ASSISTANCE NETTED WITH TUITION FOR F/S -237,869. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 731,817.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECONCILIATION OF REVENUE: FINANCIAL ASSISTANCE NETTED WITH TUITION FOR F/S -237,869.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0123983717
IRS990ScheduleD/TotalExpensesPerForm990Amt041602603
IRS990ScheduleD/TotalLiabilityAmt02258018
IRS990ScheduleD/TotalRevenuePerForm990Amt043462367
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt045961473
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt041364734
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/CashGrantAmt0237869
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt122500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0172

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$158,100,610
Liabilities
$37,771,351
Net assets
$120,329,259
Revenue
$43,462,367
Expenses
$41,602,603
Net income
$1,859,764
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
2023Detailed filing. Detailed filing data is available for this year.$158$37.8$120$43.5$41.6$1.86
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$157$40.8$116$53.4$32.6$20.8
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$136$38.2$98.2$55.5$27.3$28.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$101$37.2$64.0$18.6$23.3$4.68
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$97.9$26.8$71.2$57.2$21.1$36.1
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