Civic Intelligence

Umep Inc

990 • Fiscal year 2018 • EIN 26-1143407

Sep 01, 2017 to Aug 31, 2018 • Filed on Feb 21, 2019

Organization Profilewww.umeprep.org
3838 Spur 408Dallas, TX 75236

(214) 445-6243

Siviq Scores

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

Liabilities / Assets

90th percentile

0.93x

Higher debt load relative to assets than 90% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

91st percentile

3.35x

Higher debt load relative to revenue than 91% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

24th percentile

-3.6%

Higher net margin than 24% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

42nd percentile

$153,507

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

99th percentile

311%

Faster asset growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

83rd percentile

29%

Faster revenue growth than 83% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$24,491,774

Up $18,537,588 (+311%) from 2017

Net Assets

Down

$1,673,899

Down $248,206 (-13%) from 2017

Liabilities

Up

$22,817,875

Up $18,785,794 (+466%) from 2017

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin24th percentile

Revenue

Up

$6,815,095

Up $1,543,026 (+29%) from 2017

Expenses

Up

$7,063,301

Up $2,215,777 (+46%) from 2017

Net Income

Down

-$248,206

Down $672,751 (-158%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$60M$40M$20M$0Assets 2013: $4,329,351Liabilities 2013: $3,818,398Net Assets 2013: $510,9532013Assets 2014: $4,707,500Liabilities 2014: $3,852,753Net Assets 2014: $854,7472014Assets 2015: $4,918,678Liabilities 2015: $3,847,011Net Assets 2015: $1,071,6672015Assets 2016: $5,367,977Liabilities 2016: $3,870,417Net Assets 2016: $1,497,5602016Assets 2017: $5,954,186Liabilities 2017: $4,032,081Net Assets 2017: $1,922,1052017Assets 2018: $24,491,774Liabilities 2018: $22,817,875Net Assets 2018: $1,673,8992018Assets 2019: $26,595,103Liabilities 2019: $24,135,878Net Assets 2019: $2,459,2252019Assets 2020: $25,023,206Liabilities 2020: $21,764,931Net Assets 2020: $3,258,2752020Assets 2021: $26,668,203Liabilities 2021: $21,683,065Net Assets 2021: $4,985,1382021Assets 2022: $28,691,444Liabilities 2022: $21,940,620Net Assets 2022: $6,750,8242022Assets 2023: $55,535,337Liabilities 2023: $46,433,398Net Assets 2023: $9,101,9392023Assets 2024: $56,830,086Liabilities 2024: $47,178,550Net Assets 2024: $9,651,5362024

Highlighted filing

2018

Assets$24,491,774
Liabilities$22,817,875
Net Assets$1,673,899
Open 2018 Filing

Operations Trend

Revenue Growth83rd percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2013: $1,835,0692013Revenue 2014: $3,001,163Expenses 2014: $2,657,369Net Income 2014: $343,7942014Revenue 2015: $3,128,686Expenses 2015: $2,911,766Net Income 2015: $216,9202015Revenue 2016: $3,795,283Expenses 2016: $3,369,390Net Income 2016: $425,8932016Revenue 2017: $5,272,069Expenses 2017: $4,847,524Net Income 2017: $424,5452017Revenue 2018: $6,815,095Expenses 2018: $7,063,301Net Income 2018: -$248,2062018Revenue 2019: $7,379,027Expenses 2019: $6,593,701Net Income 2019: $785,3262019Revenue 2020: $10,782,048Expenses 2020: $9,982,998Net Income 2020: $799,0502020Revenue 2021: $13,162,605Expenses 2021: $11,435,742Net Income 2021: $1,726,8632021Revenue 2022: $15,525,456Expenses 2022: $13,759,770Net Income 2022: $1,765,6862022Revenue 2023: $17,152,733Expenses 2023: $14,801,618Net Income 2023: $2,351,1152023Revenue 2024: $18,768,837Expenses 2024: $18,219,240Net Income 2024: $549,5972024

Highlighted filing

2018

Revenue$6,815,095
Expenses$7,063,301
Net Income-$248,206
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Feb 21, 2019
Return Version
2017v2.2
Gross Receipts
$6,815,095
Mission and Program Overview

Mission

UME Preparatory Academy exists to produce college- and work-ready graduates who have a strong work ethic, firm grounding in core academic content, and major academic and vocational skills, and to offer parents, as their childs first and best teachers, time and training so that they will have enhanced opportunities to strengthen their families as they exercise greater influence over the spiritual, intellectual, and emotional growth of their children.

UME Preparatory Academy exists to produce college- and work-ready graduates who have a strong work ethic, firm grounding in core academic content, and major academic and vocational skills.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$332,883$13,908,527▲ $13,575,644
Land, Buildings, and Equipment, Net$4,370,679$8,529,098▲ $4,158,419
Cash and Non-Interest-Bearing Accounts$771,177$1,328,090▲ $556,913
Accounts Receivable$403,422$709,273▲ $305,851
Prepaid Expenses and Deferred Charges$76,025$16,786▼ $59,239
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,954,186$24,491,774▲ $18,537,588
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,717,805$21,427,656▲ $17,709,851
Accounts Payable and Accrued Expenses$278,605$1,358,549▲ $1,079,944
Deferred Revenue$35,671$31,670▼ $4,001
Total Liabilities$4,032,081$22,817,875▲ $18,785,794
Net Assets / Fund Balance
Unrestricted Net Assets$1,312,745$1,598,785▲ $286,040
Temporarily Rstr Net Assets$609,360$75,114▼ $534,246
Total Net Assets Fund Balance$1,922,105$1,673,899▼ $248,206
Total Liabilities and Net Assets / Fund Balance$5,954,186$24,491,774▲ $18,537,588

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,788,183$291,634$5,079,817
Buildings$3,385,855$597,274$3,983,129
Land$355,060-$355,060
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael S SpurlockSuperintendentFT$131,017$22,490$153,507

Board Members and Trustees

NameTitle
Stephanie GobleChairman
Charlene ConnerVice Chairman
Jim BrodnickBoard Member
John PickelBoard Member
Mark PiperBoard Member
Martha OldenburgBoard Member
Nolan EstesBoard Member
Ruben MartinezBoard Member
Sarah MilemBoard Member
Donna PrinceSecretary
Jaime AndradeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,594,133
Program Service Revenue
$204,752
Investment Income
$16,210
Other Revenue
$0
All Other Contributions
$16,571
Change in Net Assets
$-248,206

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,815,095
Total Revenue per Audited Statements
$6,815,095
Total Revenue per Form 990
$6,815,095
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,944,597
Other Expenses$3,118,704
Total Fundraising Expense$103,416
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,893,855$335,050$82,994$3,311,899
Occupancy$57,513$754,503-$812,016
Fees for Services Other$241,676$265,849$13,326$520,851
Other Employee Benefits$278,152$25,959$719$304,830
Depreciation Depletion$48,348$237,408-$285,756
Current Officers, Directors, Trustees, and Key Employees$126,358$84,239-$210,597
Other Expenses$89,123$26,253$1,707$117,083
All Other Expenses$78,589$3,749-$82,338
Pension Plan Contributions$58,030$8,717$1,091$67,838
Payroll Taxes$40,248$5,810$3,375$49,433
Insurance-$34,395-$34,395
Fees for Services Legal-$17,562-$17,562
Fees for Services Accounting-$14,800-$14,800
Travel$7,045$523-$7,568
Total Functional Expenses$4,057,809$2,902,076$103,416$7,063,301

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,063,301
Total Expenses per Audited Statements$7,063,301
Total Expenses per Form 990$7,063,301
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
Dr JAIME ANDRADEChurch PastorRentNo$167,662

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AArl Higher Edu Fin Corp2017-12-28$21,730,000Capital improvement project

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$21,537,077--$530,845

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
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 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, Line 11B: Form 990 Review Process

“Once the Form 990 is completed, the full board will review it at the next board meeting and then it will be filed.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Reviews conflict of interest policy annually.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“A comparability study was done prior to 2012-2013 and compensation was approved by the Board.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“A comparability study was done prior to 2012-2013 and compensation was approved by the Board.”

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

“Other organization documents are available on the UME Preparatory Academy website.”

Filing and Contact Details

Filer

Filer Name
Umep Inc
EIN
26-1143407
Phone
2144456243
Address
3838 SPUR 408, DALLAS, TX 75236

Signing Officer

Name
Michael S Spurlock
Title
Superintendent
Signed
2019-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael S Spurlock
Formed
2007
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
171
Volunteers
128

Preparer

Firm
Sutton Frost Cary LLP
Address
600 Six Flags Dr Suite 600, Arlington, TX 76011
Preparer
Amy Michie
Phone
8176498083
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Academy is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (Code) and has not been classified as a private foundation as defined in the Code. Income generated from activities unrelated to the Academys exempt purposes is subject to tax under Code Section 511. The Academy had no unrelated business income for the year ended August 31, 2018. Accordingly, no provision has been made for federal income tax.GAAP requires the evaluation of tax positions taken in the course of preparing the Academys tax returns and recognition of a tax liability (or asset) if the Academy has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Academy, and has concluded that as of August 31, 2018, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt10Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt11Superintendent
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0STRENGTHEN FAMILIES AS WE HELP STUDENTS SUCCEED IN A COLLEGE-PREPARATORY ENVIRONMENT THAT PREPARES MEN AND WOMEN OF CHARACTER FOR THE NEXT GENERATION.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt021427656
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OccupancyGrp/ProgramServicesAmt057513
IRS990/OccupancyGrp/TotalAmt0812016
IRS990/OfficeExpensesGrp/TotalAmt00
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0719
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt025959
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0278152
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0304830
IRS990/OtherExpensesGrp/Desc0Debt Service
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IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
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IRS990/OtherExpensesGrp/FundraisingAmt11707
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0934099
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt133600
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2119560
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt326253
IRS990/OtherExpensesGrp/ProgramServicesAmt0138872
IRS990/OtherExpensesGrp/ProgramServicesAmt189123
IRS990/OtherExpensesGrp/TotalAmt0934099
IRS990/OtherExpensesGrp/TotalAmt1172676
IRS990/OtherExpensesGrp/TotalAmt2119560
IRS990/OtherExpensesGrp/TotalAmt3117083
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt082994
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt03375
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05810
IRS990/PayrollTaxesGrp/ProgramServicesAmt040248
IRS990/PayrollTaxesGrp/TotalAmt049433
IRS990/PensionPlanContributionsGrp/FundraisingAmt01091
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08717
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt058030
IRS990/PensionPlanContributionsGrp/TotalAmt067838
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt076025
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016786
IRS990/PrincipalOfficerNm0Michael S Spurlock
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0ATHLETIC AND COCURRICULAR
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2OTHER LOCAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt069137
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt135250
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2100365
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt069137
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt135250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2100365
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt05095581
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0588
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01959741
IRS990/PYProgramServiceRevenueAmt0175900
IRS990/PYRevenuesLessExpensesAmt0424545
IRS990/PYSalariesCompEmpBnftPaidAmt02887783
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-248206
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Academy is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (Code) and has not been classified as a private foundation as defined in the Code. Income generated from activities unrelated to the Academys exempt purposes is subject to tax under Code Section 511. The Academy had no unrelated business income for the year ended August 31, 2018. Accordingly, no provision has been made for federal income tax.GAAP requires the evaluation of tax positions taken in the course of preparing the Academys tax returns and recognition of a tax liability (or asset) if the Academy has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Academy, and has concluded that as of August 31, 2018, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalExpensesPerForm990Amt07063301
IRS990ScheduleD/TotalRevenuePerForm990Amt06815095
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07063301
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,491,774
Liabilities
$22,817,875
Net assets
$1,673,899
Revenue
$6,815,095
Expenses
$7,063,301
Net income
-$248,206
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$56.8$47.2$9.65$18.8$18.2$0.55
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.5$46.4$9.10$17.2$14.8$2.35
2022Detailed filing. Detailed filing data is available for this year.$28.7$21.9$6.75$15.5$13.8$1.77
2021Detailed filing. Detailed filing data is available for this year.$26.7$21.7$4.99$13.2$11.4$1.73
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.0$21.8$3.26$10.8$9.98$0.80
2019Detailed filing. Detailed filing data is available for this year.$26.6$24.1$2.46$7.38$6.59$0.79
2018Detailed filing. Detailed filing data is available for this year.$24.5$22.8$1.67$6.82$7.06$0.25
2017Detailed filing. Detailed filing data is available for this year.$5.95$4.03$1.92$5.27$4.85$0.42
2016Detailed filing. Detailed filing data is available for this year.$5.37$3.87$1.50$3.80$3.37$0.43
2015Detailed filing. Detailed filing data is available for this year.$4.92$3.85$1.07$3.13$2.91$0.22
2014Detailed filing. Detailed filing data is available for this year.$4.71$3.85$0.85$3.00$2.66$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.33$3.82$0.51$1.84