Civic Intelligence

Caravel Academy Inc.

990 • Fiscal year 2015 • EIN 22-2602110

Sep 01, 2014 to Aug 31, 2015 • Filed on Jun 28, 2016

Organization Profilewww.caravel.org

View Organization Page

2801 Del Laws RoadBear, DE 19701

(302) 834-8938

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

48th percentile

0.21x

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

52nd percentile

0.27x

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

58th percentile

5.4%

Higher net margin than 58% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

24th percentile

$103,824

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

25th percentile

-3.4%

Faster asset growth than 25% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

43rd percentile

1.6%

Faster revenue growth than 43% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets48th percentile

Assets

Down

$12,698,155

Down $440,988 (-3.4%) from 2014

Net Assets

Up

$9,979,544

Up $73,133 (+0.7%) from 2014

Liabilities

Down

$2,718,611

Down $514,121 (-16%) from 2014

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin58th percentile

Revenue

Up

$10,026,828

Up $158,319 (+1.6%) from 2014

Expenses

Down

$9,480,950

Down $156,139 (-1.6%) from 2014

Net Income

Up

$545,878

Up $314,458 (+136%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $13,625,636Liabilities 2011: $2,607,189Net Assets 2011: $11,018,4472011Assets 2012: $13,326,315Liabilities 2012: $2,862,784Net Assets 2012: $10,463,5312012Assets 2013: $13,177,180Liabilities 2013: $3,145,175Net Assets 2013: $10,032,0052013Assets 2014: $13,139,143Liabilities 2014: $3,232,732Net Assets 2014: $9,906,4112014Assets 2015: $12,698,155Liabilities 2015: $2,718,611Net Assets 2015: $9,979,5442015Assets 2016: $13,213,700Liabilities 2016: $2,779,827Net Assets 2016: $10,433,8732016Assets 2017: $13,739,132Liabilities 2017: $2,841,272Net Assets 2017: $10,897,8602017Assets 2018: $13,371,854Liabilities 2018: $2,892,699Net Assets 2018: $10,479,1552018Assets 2019: $14,575,988Liabilities 2019: $3,596,089Net Assets 2019: $10,979,8992019Assets 2020: $15,275,543Liabilities 2020: $3,474,085Net Assets 2020: $11,801,4582020Assets 2021: $15,134,520Liabilities 2021: $1,899,213Net Assets 2021: $13,235,3072021Assets 2022: $14,425,391Liabilities 2022: $1,706,687Net Assets 2022: $12,718,7042022Assets 2023: $15,888,758Liabilities 2023: $1,997,308Net Assets 2023: $13,891,4502023Assets 2024: $17,470,507Liabilities 2024: $2,106,035Net Assets 2024: $15,364,4722024Assets 2025: $20,298,101Liabilities 2025: $2,340,933Net Assets 2025: $17,957,1682025

Highlighted filing

2015

Assets$12,698,155
Liabilities$2,718,611
Net Assets$9,979,544
Open 2015 Filing

Operations Trend

Revenue Growth43rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $8,075,6372011Expenses 2012: $8,668,3372012Revenue 2013: $9,499,599Expenses 2013: $9,253,227Net Income 2013: $246,3722013Revenue 2014: $9,868,509Expenses 2014: $9,637,089Net Income 2014: $231,4202014Revenue 2015: $10,026,828Expenses 2015: $9,480,950Net Income 2015: $545,8782015Revenue 2016: $9,969,699Expenses 2016: $9,758,455Net Income 2016: $211,2442016Revenue 2017: $9,937,320Expenses 2017: $9,580,396Net Income 2017: $356,9242017Revenue 2018: $9,771,594Expenses 2018: $9,869,327Net Income 2018: -$97,7332018Revenue 2019: $10,147,667Expenses 2019: $10,215,992Net Income 2019: -$68,3252019Revenue 2020: $9,885,781Expenses 2020: $10,157,612Net Income 2020: -$271,8312020Revenue 2021: $11,726,062Expenses 2021: $9,838,068Net Income 2021: $1,887,9942021Revenue 2022: $10,540,566Expenses 2022: $10,523,627Net Income 2022: $16,9392022Revenue 2023: $11,340,547Expenses 2023: $10,820,072Net Income 2023: $520,4752023Revenue 2024: $12,334,669Expenses 2024: $11,678,662Net Income 2024: $656,0072024Revenue 2025: $13,546,152Expenses 2025: $12,574,849Net Income 2025: $971,3032025

Highlighted filing

2015

Revenue$10,026,828
Expenses$9,480,950
Net Income$545,878
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Jun 28, 2016
Return Version
2014v6.0
Gross Receipts
$10,026,828
Mission and Program Overview

Mission

Caravel Academy, a private college preparatory school, upholds the values of honesty, personal integrity and good sportsmanship. Caravel Academy is a coeducational non-profit school of approximately 1200 pupils.

Caravel Academy, a private college preparatory school, upholds the values of honesty, personal integrity and good sportsmanship. Caravel Academy is a coeducational non-profit school of apporximately 1200 pupils.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,322,066$6,468,539▲ $146,473
Cash and Non-Interest-Bearing Accounts$4,026,159$3,780,824▼ $245,335
Investments in Publicly Traded Securities$2,614,586$2,141,841▼ $472,745
Prepaid Expenses and Deferred Charges$121,343$215,098▲ $93,755
Accounts Receivable$38,172$71,884▲ $33,712
Other Notes and Loans Receivable, Net$16,817$19,969▲ $3,152
Savings and Temporary Cash Investments-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$13,139,143$12,698,155▼ $440,988
Other Assets Total-$0-
Liabilities
Deferred Revenue$2,959,076$2,503,002▼ $456,074
Accounts Payable and Accrued Expenses$273,656$215,609▼ $58,047
Total Liabilities$3,232,732$2,718,611▼ $514,121
Net Assets / Fund Balance
Unrestricted Net Assets$9,906,411$9,979,544▲ $73,133
Total Net Assets Fund Balance$9,906,411$9,979,544▲ $73,133
Total Liabilities and Net Assets / Fund Balance$13,139,143$12,698,155▼ $440,988

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$553,567$6,403,428$6,956,995
Equipment$5,914,972-$5,914,972
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Donald C Keister JrHeadmasterFT$100,800$3,024$103,824
Carol P ManubayFinOfficer/SecTFT$43,920$1,321$45,241

Board Members and Trustees

NameTitle
Dorothy M PeoplesPresident
Harrison B PeoplesVice President
Paul S ManubayVice President
Robert C PeoplesVice President
W Thomas PeoplesVice President

Highest Paid Contractors

ContractorServicesLocationCompensation
Commercial Cleaning Services INCJanitorialPO BOX 3318, Wilmington, DE 19804$198,699
Revenue and Support

Revenue Composition

Contributions and Grants
$115,484
Program Service Revenue
$9,907,785
Investment Income
$3,559
Other Revenue
$0
All Other Contributions
$115,484
Change in Net Assets
$545,878
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,136,124
Other Expenses$3,344,826
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,866,701$65,816-$4,932,517
Occupancy$1,230,788--$1,230,788
Depreciation Depletion$618,526--$618,526
Other Employee Benefits$549,273$11,561-$560,834
Payroll Taxes$390,847$8,635-$399,482
Other Expenses$209,938$2,393-$209,938
Current Officers, Directors, Trustees, and Key Employees$103,104$45,241-$148,345
Pension Plan Contributions$93,558$1,388-$94,946
Insurance$81,904--$81,904
All Other Expenses$44,468$2,905-$47,373
Office Expenses$16,988$21,222-$38,210
Advertising$16,395--$16,395
Fees for Service Investment Mgmnt Fees-$9,637-$9,637
Fees for Services Accounting-$6,509-$6,509
Total Functional Expenses$9,305,643$175,307$0$9,480,950
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
-Owned by DirIndependent ContractNo$167,332
-Owned by DirRental of PropertyNo$150,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Dorothy m peoples, president is mother of robert c peoples, vice president, harrison b peoples, vice president, w. Thomas peoples, vice president, and carol manubay, secretary-treasurer. Paul manubay, vice president and carol manubay are married.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“A pdf file of the 990 is sent to the board to review and approve before filing”

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

“Documents are available upon request with advance notice from carol manubay during regular school hours @ 2801 del laws road bear de 19701”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Caravel Academy Inc
EIN
22-2602110
Phone
3028348938
Address
2801 DEL LAWS ROAD, BEAR, DE 19701

Signing Officer

Name
Carol Manubay
Title
Finance Officer
Signed
2016-06-28
Discuss with paid preparer
Yes

Organization Details

Formed
1979
Legal Domicile
De
Voting Board Members
6
Independent Board Members
0
Employees
268

Preparer

Firm
Gitomer & Berenholz PC
Address
445 Shady Lane, Huntingdon Valley, PA 19006
Preparer
Ronald P Feldman CPA
Phone
2153793500
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“Management evaluated the association's tax positions and concluded that the association had maintained its tax exempt status and had taken no uncertain tax positions that require adjustment to the financial statements. Therefore, no provision or liability for income taxes has been included in the financial statements. At the present time, the association is no longer subject to income tax examinations by the u.s. Federal, state or local tax authorities for years before 2012.”

Raw XML AppendixShowing 400 of 445 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0273656
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0215609
IRS990/AccountsReceivableGrp/BOYAmt038172
IRS990/AccountsReceivableGrp/EOYAmt071884
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Caravel Academy, a private college preparatory school, upholds the values of honesty, personal integrity and good sportsmanship. Caravel Academy is a coeducational non-profit school of apporximately 1200 pupils.
IRS990/AdvertisingGrp/ProgramServicesAmt016395
IRS990/AdvertisingGrp/TotalAmt016395
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt0115484
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02905
IRS990/AllOtherExpensesGrp/ProgramServicesAmt044468
IRS990/AllOtherExpensesGrp/TotalAmt047373
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0CAROL MANUBAY
IRS990/BooksInCareOfDetail/PhoneNum03028348939
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02801 DEL LAWS ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0BEAR
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DE
IRS990/BooksInCareOfDetail/USAddress/ZIPCd019701
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt04026159
IRS990/CashNonInterestBearingGrp/EOYAmt03780824
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt045241
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0103104
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0148345
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0198699
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 3318
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0WILMINGTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0DE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd019804
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0COMMERCIAL CLEANING SERVICES INC
IRS990/ContractorCompensationGrp/ServicesDesc0JANITORIAL
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0115484
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03559
IRS990/CYOtherExpensesAmt03344826
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt09907785
IRS990/CYRevenuesLessExpensesAmt0545878
IRS990/CYSalariesCompEmpBnftPaidAmt06136124
IRS990/CYTotalExpensesAmt09480950
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt010026828
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt02959076
IRS990/DeferredRevenueGrp/EOYAmt02503002
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0618526
IRS990/DepreciationDepletionGrp/TotalAmt0618526
IRS990/Desc0Private school education. Grades PN-12. 1162 students in 2014-15 school year.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0268
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt09305643
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06509
IRS990/FeesForServicesAccountingGrp/TotalAmt06509
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt09637
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt09637
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt210.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt450.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt510.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt41321
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt63024
IRS990/Form990PartVIISectionAGrp/PersonNm0Dorothy M Peoples
IRS990/Form990PartVIISectionAGrp/PersonNm1Robert C Peoples
IRS990/Form990PartVIISectionAGrp/PersonNm2Harrison B Peoples
IRS990/Form990PartVIISectionAGrp/PersonNm3Paul S Manubay
IRS990/Form990PartVIISectionAGrp/PersonNm4Carol P Manubay
IRS990/Form990PartVIISectionAGrp/PersonNm5W Thomas Peoples
IRS990/Form990PartVIISectionAGrp/PersonNm6Donald C Keister Jr
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt443920
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6100800
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4FinOfficer/SecT
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt6Headmaster
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt010026828
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt081904
IRS990/InsuranceGrp/TotalAmt081904
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt03559
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03559
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02614586
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02141841
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06403428
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06322066
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06468539
IRS990/LandBldgEquipCostOrOtherBssAmt012871967
IRS990/LegalDomicileStateCd0DE
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Caravel Academy, a private college preparatory school, upholds the values of honesty, personal integrity and good sportsmanship. Caravel Academy is a coeducational non-profit school of apporximately 1200 pupils.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt09906411
IRS990/NetAssetsOrFundBalancesEOYAmt09979544
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-472745
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt01230788
IRS990/OccupancyGrp/TotalAmt01230788
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt021222
IRS990/OfficeExpensesGrp/ProgramServicesAmt016988
IRS990/OfficeExpensesGrp/TotalAmt038210
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011561
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0549273
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0560834
IRS990/OtherExpensesGrp/Desc0Student Activities and Mainten
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2Equipment Rental and Expense
IRS990/OtherExpensesGrp/Desc3Student Transportation
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02393
IRS990/OtherExpensesGrp/ProgramServicesAmt0453186
IRS990/OtherExpensesGrp/ProgramServicesAmt1346748
IRS990/OtherExpensesGrp/ProgramServicesAmt2283219
IRS990/OtherExpensesGrp/ProgramServicesAmt3209938
IRS990/OtherExpensesGrp/TotalAmt0453186
IRS990/OtherExpensesGrp/TotalAmt1349141
IRS990/OtherExpensesGrp/TotalAmt2283219
IRS990/OtherExpensesGrp/TotalAmt3209938
IRS990/OtherInd0X
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt065816
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04866701
IRS990/OtherSalariesAndWagesGrp/TotalAmt04932517
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt016817
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt019969
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08635
IRS990/PayrollTaxesGrp/ProgramServicesAmt0390847
IRS990/PayrollTaxesGrp/TotalAmt0399482
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01388
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt093558
IRS990/PensionPlanContributionsGrp/TotalAmt094946
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0121343
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0215098
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT TRANSPORTATION
IRS990/ProgramServiceRevenueGrp/Desc2TECHNOLOGY FEE
IRS990/ProgramServiceRevenueGrp/Desc3TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0313848
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt154947
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2186550
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt39352440
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0313848
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt154947
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2186550
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt39352440
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt063589
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03620
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03400600
IRS990/PYProgramServiceRevenueAmt09801300
IRS990/PYRevenuesLessExpensesAmt0231420
IRS990/PYSalariesCompEmpBnftPaidAmt06236489
IRS990/PYTotalExpensesAmt09637089
IRS990/PYTotalRevenueAmt09868509
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0545878
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0553567
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06403428
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06956995
IRS990ScheduleD/EquipmentGrp/BookValueAmt05914972
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05914972
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT EVALUATED THE ASSOCIATION'S TAX POSITIONS AND CONCLUDED THAT THE ASSOCIATION HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. AT THE PRESENT TIME, THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06468539
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0RC PEOPLES INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1DM PEOPLES INVESTMENT C
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNED BY DIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OWNED BY DIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0167332
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1150000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INDEPENDENT CONTRACT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1RENTAL OF PROPERTY
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DOROTHY M PEOPLES, PRESIDENT IS MOTHER OF ROBERT C PEOPLES, VICE PRESIDENT, HARRISON B PEOPLES, VICE PRESIDENT, W. THOMAS PEOPLES, VICE PRESIDENT, AND CAROL MANUBAY, SECRETARY-TREASURER. PAUL MANUBAY, VICE PRESIDENT AND CAROL MANUBAY ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A PDF FILE OF THE 990 IS SENT TO THE BOARD TO REVIEW AND APPROVE BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON REQUEST WITH ADVANCE NOTICE FROM CAROL MANUBAY DURING REGULAR SCHOOL HOURS @ 2801 DEL LAWS ROAD BEAR DE 19701
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt013139143
IRS990/TotalAssetsEOYAmt012698155
IRS990/TotalAssetsGrp/BOYAmt013139143
IRS990/TotalAssetsGrp/EOYAmt012698155
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0115484
IRS990/TotalEmployeeCnt0268
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0175307
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt09305643
IRS990/TotalFunctionalExpensesGrp/TotalAmt09480950
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03232732
IRS990/TotalLiabilitiesEOYAmt02718611
IRS990/TotalLiabilitiesGrp/BOYAmt03232732
IRS990/TotalLiabilitiesGrp/EOYAmt02718611
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09906411
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09979544
IRS990/TotalOtherCompensationAmt04345

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,698,155
Liabilities
$2,718,611
Net assets
$9,979,544
Revenue
$10,026,828
Expenses
$9,480,950
Net income
$545,878
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$20.3$2.34$18.0$13.5$12.6$0.97
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$2.11$15.4$12.3$11.7$0.66
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.9$2.00$13.9$11.3$10.8$0.52
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$1.71$12.7$10.5$10.5$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.1$1.90$13.2$11.7$9.84$1.89
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.3$3.47$11.8$9.89$10.2$0.27
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.6$3.60$11.0$10.1$10.2$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.4$2.89$10.5$9.77$9.87$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.7$2.84$10.9$9.94$9.58$0.36
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.2$2.78$10.4$9.97$9.76$0.21
2015Detailed filing. Detailed filing data is available for this year.$12.7$2.72$9.98$10.0$9.48$0.55
2014Detailed filing. Detailed filing data is available for this year.$13.1$3.23$9.91$9.87$9.64$0.23
2013Summary only. Only limited summary data is available for this year.$13.2$3.15$10.0$9.50$9.25$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$2.86$10.5$8.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.6$2.61$11.0$8.08