Civic Intelligence

Thales Academy

990 • Fiscal year 2024 • EIN 20-8920342

Jul 01, 2023 to Jun 30, 2024 • Filed on May 14, 2025

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

43rd percentile

0.22x

Higher debt load relative to assets than 43% of similar nonprofits.

2024 filings • NTEE B • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

48th percentile

0.56x

Higher debt load relative to revenue than 48% of similar nonprofits.

2024 filings • NTEE B • $100M-$250M nonprofits • Source year 2024

Net Margin

91st percentile

33%

Higher net margin than 91% of similar nonprofits.

2024 filings • NTEE B • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

12th percentile

$112,465

Higher top officer pay than 12% of similar nonprofits.

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

2024 filings • NTEE B • $100M-$250M nonprofits • Source year 2024

Asset Growth

88th percentile

16%

Faster asset growth than 88% of similar nonprofits.

2024 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

64%

Faster revenue growth than 92% of similar nonprofits.

2024 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$184,183,775

Up $26,083,165 (+16%) from 2023

Net Assets

Up

$144,145,598

Up $23,816,339 (+20%) from 2023

Liabilities

Up

$40,038,177

Up $2,266,826 (+6.0%) from 2023

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin91st percentile

Revenue

Up

$71,208,122

Up $27,745,755 (+64%) from 2023

Expenses

Up

$47,916,851

Up $6,314,248 (+15%) from 2023

Net Income

Up

$23,291,271

Up $21,431,507 (+1152%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth88th 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

2024

Assets$184,183,775
Liabilities$40,038,177
Net Assets$144,145,598
Open 2024 Filing

Operations Trend

Revenue Growth92nd 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

2024

Revenue$71,208,122
Expenses$47,916,851
Net Income$23,291,271
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$141,342,196
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$123,983,717$152,799,671▲ $28,815,954
Investments in Publicly Traded Securities$27,740,043$24,028,035▼ $3,712,008
Prepaid Expenses and Deferred Charges$1,937,062$2,847,466▲ $910,404
Cash and Non-Interest-Bearing Accounts$449,231$855,069▲ $405,838
Accounts Receivable$182,439$247,855▲ $65,416
Inventories for Sale or Use$136,010$127,605▼ $8,405
Total Assets$158,100,610$184,183,775▲ $26,083,165
Other Assets Total$3,672,108$3,278,074▼ $394,034
Liabilities
Tax Exempt Bond Liabilities$33,087,893$30,994,544▼ $2,093,349
Accounts Payable and Accrued Expenses$2,425,440$6,549,412▲ $4,123,972
Other Liabilities$2,258,018$2,494,221▲ $236,203
Total Liabilities$37,771,351$40,038,177▲ $2,266,826
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$119,549,330$144,145,598▲ $24,596,268
Net Assets With Donor Restrictions$779,929$0▼ $779,929
Total Net Assets Fund Balance$120,329,259$144,145,598▲ $23,816,339
Total Liabilities and Net Assets / Fund Balance$158,100,610$184,183,775▲ $26,083,165

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$70,169,058$26,754,887$96,923,945
Other Land Buildings$39,393,475-$39,393,475
Land$36,225,407-$36,225,407
Equipment$6,960,647$11,769,234$18,729,881
Leasehold Improvements$51,084$17,068$68,152
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hilery Herman-paglioloDirector of AcademicsFT$89,814$22,651$112,465

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$11,205,819
Jd BeamConstruction1811 TILLERY PLACE, Raleigh, NC 27604$9,977,382
Commonwealth Construction ManagementConstruction7110 FOREST AVENUE, Richmond, VA 23226$6,184,036
Resolute Building CompanyConstructionPO BOX 3656, Chapel Hill, NC 27515$2,647,435
Withers & RavenelEngineering Services115 MACKENAN COMPANY, Cary, NC 27511$264,756
Revenue and Support

Revenue Composition

Contributions and Grants
$32,483,371
Program Service Revenue
$37,333,594
Investment Income
$905,575
Other Revenue
$485,582
All Other Contributions
$32,483,371
Change in Net Assets
$23,291,271

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 Traded2$15,203,172Various Securities
Total Noncash Contributions2$15,203,172-

Audited Revenue Reconciliation

Revenue per Audited Statements
$71,208,122
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$719,796
Total Revenue per Audited Statements
$71,927,918
Total Revenue per Form 990
$71,208,122
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$30,557,767
Other Expenses$17,144,778
Grants and Similar Amounts Paid$214,306
Total Fundraising Expense$125,752
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$26,054,135$261,490-$26,315,625
Depreciation Depletion$6,517,834$491,732-$7,009,566
Payroll Taxes$2,068,224$28,300-$2,096,524
Other Employee Benefits$1,332,196$16,730-$1,348,926
Occupancy$1,199,516$17,489-$1,217,005
Other Expenses$751,573$14,266-$751,573
Pension Plan Contributions$663,862$19,750-$683,612
All Other Expenses$381,715$206,553-$588,268
Fees for Services Other$558,454$6,972-$565,426
Fees for Services Management-$484,595-$484,595
Office Expenses$389,732$16,101-$405,833
Interest$358,474$3,621-$362,095
Insurance$232,352$5,274-$237,626
Information Technology$195,665$23,961-$219,626
Grants to Domestic Individuals$214,306--$214,306
Travel$88,649$88,649-$177,298
Advertising--$125,752$125,752
Current Officers, Directors, Trustees, and Key Employees-$113,080-$113,080
Fees for Services Legal-$19,663-$19,663
Fees for Services Accounting-$18,200-$18,200
Total Functional Expenses$45,821,924$1,969,175$125,752$47,916,851

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$48,111,579
Expenses per Audited Statements$47,916,851
Total Expenses per Form 990$47,916,851
Expenses Not Reported on Form 990$194,728
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-ENTITY MORE THAN 35% OWNED BY ROBERT L. LUDDY, DIRECTORHealth Ins./retirement PlansNo$1,916,395
-ENTITY MORE THAN 35% OWNED BY ROBERT L. LUDDY, DIRECTOREquipment PurchaseNo$914,268
-ENTITY MORE THAN 35% OWNED BY ROBERT L. LUDDY, DIRECTORUtilities and Various ServicesNo$18,962
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advance Registration & Tuition$2,494,221

Bond Issues

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

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$38,558,092-$7,324,342-

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
2025-05-14
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
942
Volunteers
131

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 -199,306.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Reconciliation of revenue: financial assistance netted with tuition for f/s -199,306. Change in fair value of interest rate swap 394,034.”

Raw XML AppendixShowing 400 of 573 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/OtherAmt0-315435
IRS990/GainOrLossGrp/SecuritiesAmt0381800
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt0214306
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0214306
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0214306
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01630000
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt068570439
IRS990/GrossReceiptsAmt0141342196
IRS990/GrossRentsGrp/RealAmt0158213
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt023961
IRS990/InformationTechnologyGrp/ProgramServicesAmt0195665
IRS990/InformationTechnologyGrp/TotalAmt0219626
IRS990/InsuranceGrp/ManagementAndGeneralAmt05274
IRS990/InsuranceGrp/ProgramServicesAmt0232352
IRS990/InsuranceGrp/TotalAmt0237626
IRS990/InterestGrp/ManagementAndGeneralAmt03621
IRS990/InterestGrp/ProgramServicesAmt0358474
IRS990/InterestGrp/TotalAmt0362095
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0136010
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0127605
IRS990/InvestmentIncomeGrp/ExclusionAmt0839210
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0839210
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt027740043
IRS990/InvestmentsPubTradedSecGrp/EOYAmt024028035
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt051
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt038541189
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0123983717
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0152799671
IRS990/LandBldgEquipCostOrOtherBssAmt0191340860
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01945435
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt068188639
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/NetAssetsOrFundBalancesBOYAmt0120329259
IRS990/NetAssetsOrFundBalancesEOYAmt0144145598
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt066365
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt066365
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0158213
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0158213
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0525068
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0119549330
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0144145598
IRS990/NoncashContributionsAmt015203172
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt017489
IRS990/OccupancyGrp/ProgramServicesAmt01199516
IRS990/OccupancyGrp/TotalAmt01217005
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt016101
IRS990/OfficeExpensesGrp/ProgramServicesAmt0389732
IRS990/OfficeExpensesGrp/TotalAmt0405833
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03672108
IRS990/OtherAssetsTotalGrp/EOYAmt03278074
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016730
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01332196
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01348926
IRS990/OtherExpensesGrp/Desc0MAINTENANCE AND REPAIR
IRS990/OtherExpensesGrp/Desc1EDUCATIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc2JANITORIAL SERVICES
IRS990/OtherExpensesGrp/Desc3STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0132749
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt114266
IRS990/OtherExpensesGrp/ProgramServicesAmt01998443
IRS990/OtherExpensesGrp/ProgramServicesAmt11833017
IRS990/OtherExpensesGrp/ProgramServicesAmt2983777
IRS990/OtherExpensesGrp/ProgramServicesAmt3751573
IRS990/OtherExpensesGrp/TotalAmt02131192
IRS990/OtherExpensesGrp/TotalAmt11833017
IRS990/OtherExpensesGrp/TotalAmt2998043
IRS990/OtherExpensesGrp/TotalAmt3751573
IRS990/OtherLiabilitiesGrp/BOYAmt02258018
IRS990/OtherLiabilitiesGrp/EOYAmt02494221
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0327369
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0327369
IRS990/OtherRevenueTotalAmt0327369
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0261490
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt026054135
IRS990/OtherSalariesAndWagesGrp/TotalAmt026315625
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt028300
IRS990/PayrollTaxesGrp/ProgramServicesAmt02068224
IRS990/PayrollTaxesGrp/TotalAmt02096524
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt019750
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0663862
IRS990/PensionPlanContributionsGrp/TotalAmt0683612
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01937062
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02847466
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/ExclusionAmt01967106
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt034215534
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11150954
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt034215534
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11967106
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21150954
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt010436547
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0260369
IRS990/PYInvestmentIncomeAmt0625935
IRS990/PYOtherExpensesAmt015299001
IRS990/PYOtherRevenueAmt0258240
IRS990/PYProgramServiceRevenueAmt032141645
IRS990/PYRevenuesLessExpensesAmt01859764
IRS990/PYSalariesCompEmpBnftPaidAmt026043233
IRS990/PYTotalExpensesAmt041602603
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt043462367
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt023291271
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0158213
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt035366488
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/BookValueAmt070169058
IRS990ScheduleD/BuildingsGrp/DepreciationAmt026754887
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt096923945
IRS990ScheduleD/EquipmentGrp/BookValueAmt06960647
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011769234
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt018729881
IRS990ScheduleD/ExpensesNotReportedAmt0194728
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt047916851
IRS990ScheduleD/LandGrp/BookValueAmt036225407
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt036225407
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt051084
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt017068
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt068152
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0919102
IRS990ScheduleD/OtherExpensesIncludedAmt0194728
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt039393475
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt039393475
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02494221
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCE REGISTRATION & TUITION
IRS990ScheduleD/OtherRevenueAmt0-199306
IRS990ScheduleD/RevenueNotReportedAmt0719796
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt071208122
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RECONCILIATION OF REVENUE: FINANCIAL ASSISTANCE NETTED WITH TUITION FOR F/S -199,306.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECONCILIATION OF REVENUE: FINANCIAL ASSISTANCE NETTED WITH TUITION FOR F/S -199,306. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 394,034.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0152799671
IRS990ScheduleD/TotalExpensesPerForm990Amt047916851
IRS990ScheduleD/TotalLiabilityAmt02494221
IRS990ScheduleD/TotalRevenuePerForm990Amt071208122
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt071927918
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt048111579
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/CashGrantAmt0199106
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt115000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$184,183,775
Liabilities
$40,038,177
Net assets
$144,145,598
Revenue
$71,208,122
Expenses
$47,916,851
Net income
$23,291,271
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$184$40.0$144$71.2$47.9$23.3
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$158$37.8$120$43.5$41.6$1.86
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$157$40.8$116$53.4$32.6$20.8
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$136$38.2$98.2$55.5$27.3$28.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$101$37.2$64.0$18.6$23.3$4.68
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