Civic Intelligence

Umep Inc

990 • Fiscal year 2020 • EIN 26-1143407

Sep 01, 2019 to Aug 31, 2020 • Filed on Feb 25, 2021

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

89th percentile

0.87x

Higher debt load relative to assets than 89% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

2.02x

Higher debt load relative to revenue than 86% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

60th percentile

7.4%

Higher net margin than 60% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

29th percentile

$174,942

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

9th percentile

-5.9%

Faster asset growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

89th percentile

46%

Faster revenue growth than 89% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Down

$25,023,206

Down $1,571,897 (-5.9%) from 2019

Net Assets

Up

$3,258,275

Up $799,050 (+32%) from 2019

Liabilities

Down

$21,764,931

Down $2,370,947 (-9.8%) from 2019

Revenue

Up

$10,782,048

Up $3,403,021 (+46%) from 2019

Expenses

Up

$9,982,998

Up $3,389,297 (+51%) from 2019

Net Income

Up

$799,050

Up $13,724 (+1.7%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$25,023,206
Liabilities$21,764,931
Net Assets$3,258,275

Operations Trend

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

2020

Revenue$10,782,048
Expenses$9,982,998
Net Income$799,050
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Feb 25, 2021
Return Version
2019v5.0
Gross Receipts
$10,782,048
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
Land, Buildings, and Equipment, Net$19,534,995$19,193,897▼ $341,098
Savings and Temporary Cash Investments$3,798,936$3,298,204▼ $500,732
Cash and Non-Interest-Bearing Accounts$2,321,585$2,228,801▼ $92,784
Accounts Receivable$682,800$184,314▼ $498,486
Prepaid Expenses and Deferred Charges$256,787$117,990▼ $138,797
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$26,595,103$25,023,206▼ $1,571,897
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$21,538,394$21,384,132▼ $154,262
Accounts Payable and Accrued Expenses$2,569,814$357,129▼ $2,212,685
Deferred Revenue$27,670$23,670▼ $4,000
Total Liabilities$24,135,878$21,764,931▼ $2,370,947
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,651,277$1,852,502▲ $201,225
Net Assets With Donor Restrictions$807,948$1,405,773▲ $597,825
Total Net Assets Fund Balance$2,459,225$3,258,275▲ $799,050
Total Liabilities and Net Assets / Fund Balance$26,595,103$25,023,206▼ $1,571,897

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,510,144$1,354,438$19,864,582
Other Land Buildings$328,693$454,769$783,462
Land$355,060-$355,060
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael S Spurlock RES 520CEOFT$131,250$43,692$174,942
Kayla SmithSuperintendentFT$126,329$14,788$141,117

Highest Paid Contractors

ContractorServicesLocationCompensation
Novel Builders LLCConstruction600 SHERMAN ST 124, Richardson, TX 75081$1,179,439
Dynamic Support Solutions LLCAccounting ServicesPO BOX 541012, Dallas, TX 75354$281,053
Preferred Meal Systems INCMeal Service5469 FERGUSON DRIVE, Commerce, CA 90022-5118$181,206
Splendid Technology Services LLCIt Services1100 JUPITER RD 130, Plano, TX 75074$168,906
Schulman Lopez Hoffer & Adelstein LLPAttorney845 PROTON RD, San Antonio, TX 76258$101,151
Revenue and Support

Revenue Composition

Contributions and Grants
$10,610,117
Program Service Revenue
$127,722
Investment Income
$44,209
Other Revenue
$0
All Other Contributions
$29,294
Change in Net Assets
$799,050

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,782,048
Total Revenue per Audited Statements
$10,782,048
Total Revenue per Form 990
$10,782,048
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,514,154
Other Expenses$4,468,844
Total Fundraising Expense$144,991
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,709,701$918,716$73,110$4,701,527
Interest$966,455$250,614$19,914$1,236,983
Fees for Services Other$461,114$465,939$31,523$958,576
Depreciation Depletion$651,243--$651,243
Occupancy$492,376$850-$493,226
Current Officers, Directors, Trustees, and Key Employees$200,258$133,505-$333,763
Other Employee Benefits$269,091$47,167$3,258$319,516
Fees for Services Legal-$103,780-$103,780
Pension Plan Contributions$62,847$24,801$816$88,464
Payroll Taxes$56,182$14,078$624$70,884
Insurance$47,073$504-$47,577
Travel$11,456$7,611-$19,067
Fees for Services Accounting-$18,000-$18,000
Other Expenses$8,580$23,860$15,746$8,580
Total Functional Expenses$7,818,584$2,019,423$144,991$9,982,998

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,982,998
Total Expenses per Audited Statements$9,982,998
Total Expenses per Form 990$9,982,998
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

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 35% controlled entity
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
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

Compensations are determined by comparable charter schools and isds pay scale and information available from tea. The board and management documents the compensation changes through the offer paperwork and board meeting minutes.

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

Compensations are determined by comparable charter schools and isds pay scale and information available from tea. The board and management documents the compensation changes through the offer paperwork and board meeting minutes.

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
Kayla Smith
Title
Superintendent
Signed
2021-02-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kayla Smith
Formed
2007
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
229
Volunteers
135

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, 2020. 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, 2020, 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/PersonNm1KAYLA SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm2Nolan Estes thru April 2020
IRS990/Form990PartVIISectionAGrp/PersonNm3Charlene Conner thru april 20
IRS990/Form990PartVIISectionAGrp/PersonNm4GARY HOLMES THRU APRIL 2020
IRS990/Form990PartVIISectionAGrp/PersonNm5Alicia Baker EFF MAY '20
IRS990/Form990PartVIISectionAGrp/PersonNm6Susan Davis EFF MAY '20
IRS990/Form990PartVIISectionAGrp/PersonNm7Blake Flickner EFF MAY '20
IRS990/Form990PartVIISectionAGrp/PersonNm8JOHN PICKEL THRU APRIL 2020
IRS990/Form990PartVIISectionAGrp/PersonNm9Stephanie Goble THRU APRIL 202
IRS990/Form990PartVIISectionAGrp/PersonNm10DREW GRACE - SEC EFF 420
IRS990/Form990PartVIISectionAGrp/PersonNm11Scott Graves EFF MAY '20
IRS990/Form990PartVIISectionAGrp/PersonNm12Donna Prince THRU APRIL 2020
IRS990/Form990PartVIISectionAGrp/PersonNm13TODD WRIGHT-TREAS EFF MAY '20
IRS990/Form990PartVIISectionAGrp/PersonNm14JIM BRODNICK - CH EFF MAY '20
IRS990/Form990PartVIISectionAGrp/PersonNm15MANUEL LARA - VC EFF MAY 2020
IRS990/Form990PartVIISectionAGrp/PersonNm16Jolene McVean EFF MAY '20
IRS990/Form990PartVIISectionAGrp/PersonNm17Chris Stewart EFF MAY '20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Chairman
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Secretary
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