Civic Intelligence

Mount Carmel Academy

990 • Fiscal year 2016 • EIN 26-2759503

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 13, 2017

Organization ProfileWWW.MOUNTCARMELACAADEMY.COM

View Organization Page

7155 AshburnHouston, TX 77061

(713) 643-2008

Siviq Scores

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

Liabilities / Assets

89th percentile

0.89x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.13x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

47th percentile

1.4%

Higher net margin than 47% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

11th percentile

-11%

Faster asset growth than 11% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2016

Revenue Growth

41st percentile

-0.0%

Faster revenue growth than 41% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2016

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$352,690

Down $91,666 (-21%) from 2014

Net Assets

Up

$37,798

Up $151,757 (+133%) from 2014

Liabilities

Down

$314,892

Down $243,423 (-44%) from 2014

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin47th percentile

Revenue

Down

$2,339,496

Down $134 (-0.0%) from 2014

Expenses

Up

$2,307,851

Up $97,309 (+4.4%) from 2014

Net Income

Down

$31,645

Down $97,443 (-75%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2014: $444,356Liabilities 2014: $558,315Net Assets 2014: -$113,9592014Assets 2016: $352,690Liabilities 2016: $314,892Net Assets 2016: $37,7982016Assets 2017: $1,045,289Liabilities 2017: $166,014Net Assets 2017: $879,2752017Assets 2018: $719,068Liabilities 2018: $173,384Net Assets 2018: $545,6842018Assets 2019: $460,228Liabilities 2019: $25,522Net Assets 2019: $434,7062019Assets 2020: $474,315Liabilities 2020: $29,546Net Assets 2020: $444,7692020Assets 2021: $1,248,698Liabilities 2021: $635,260Net Assets 2021: $613,4382021Assets 2022: $783,522Liabilities 2022: $114,657Net Assets 2022: $668,8652022Assets 2023: $800,085Liabilities 2023: $616,862Net Assets 2023: $183,2232023Assets 2024: $658,614Liabilities 2024: $41,575Net Assets 2024: $617,0392024

Highlighted filing

2016

Assets$352,690
Liabilities$314,892
Net Assets$37,798
Open 2016 Filing

Operations Trend

Revenue Growth41st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $2,339,630Expenses 2014: $2,210,542Net Income 2014: $129,0882014Revenue 2016: $2,339,496Expenses 2016: $2,307,851Net Income 2016: $31,6452016Revenue 2017: $2,988,518Expenses 2017: $2,147,041Net Income 2017: $841,4772017Revenue 2018: $1,943,641Expenses 2018: $2,277,232Net Income 2018: -$333,5912018Revenue 2019: $2,439,235Expenses 2019: $2,550,213Net Income 2019: -$110,9782019Revenue 2020: $2,269,003Expenses 2020: $2,258,940Net Income 2020: $10,0632020Revenue 2021: $2,164,623Expenses 2021: $1,995,954Net Income 2021: $168,6692021Revenue 2022: $1,585,510Expenses 2022: $2,129,676Net Income 2022: -$544,1662022Revenue 2023: $1,743,756Expenses 2023: $2,229,398Net Income 2023: -$485,6422023Revenue 2024: $2,553,816Expenses 2024: $2,120,000Net Income 2024: $433,8162024

Highlighted filing

2016

Revenue$2,339,496
Expenses$2,307,851
Net Income$31,645
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 13, 2017
Return Version
2015v3.0
Gross Receipts
$2,339,496
Mission and Program Overview

Mission

Act as a contract charter high school to provide a quality college prep highschool education fo students from southeast houston.

Act as a contract-charter high school, to provide a quality college-prep high school education for students from southeast houston metro area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$282,812$213,239▼ $69,573
Cash and Non-Interest-Bearing Accounts$149,892$132,008▼ $17,884
Prepaid Expenses and Deferred Charges$47,647--
Accounts Receivable$11,443$7,443▼ $4,000
Total Assets$491,794$352,690▼ $139,104
Liabilities
Unsecured Notes Loans Payable$403,232$256,000▼ $147,232
Accounts Payable and Accrued Expenses$77,966$58,892▼ $19,074
Other Liabilities$4,443--
Total Liabilities$485,641$314,892▼ $170,749
Net Assets / Fund Balance
Unrestricted Net Assets$6,153$37,798▲ $31,645
Total Net Assets Fund Balance$6,153$37,798▲ $31,645
Total Liabilities and Net Assets / Fund Balance$491,794$352,690▼ $139,104

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$356,268-$356,268
Leasehold Improvements$-286,160$515,864$229,704
Other Land Buildings$143,131-$143,131
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Paul SobieskiPresident
-Board Member
George GiacchinoBoard Member
Maureen GiacchinoBusiness Man
Mary M SobieskiPrincipal
Revenue and Support

Revenue Composition

Contributions and Grants
$216,457
Program Service Revenue
$2,118,029
Investment Income
$0
Other Revenue
$5,010
Change in Net Assets
$31,645

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,339,496
Total Revenue per Audited Statements
$2,339,496
Total Revenue per Form 990
$2,339,496
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,667,567
Other Expenses$640,284
Total Fundraising Expense$56,175
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,502,282--$1,502,282
Occupancy$181,038--$181,038
Other Employee Benefits$165,285--$165,285
Depreciation Depletion$75,074--$75,074
Fees for Services Other--$56,175$56,175
Office Expenses$8,524$35,832-$44,356
Other Expenses$37,713--$37,713
Insurance$34,988--$34,988
Interest$25,355--$25,355
Travel$10,052--$10,052
Advertising$150--$150
Total Functional Expenses$2,215,844$35,832$56,175$2,307,851

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,307,851
Total Expenses per Audited Statements$2,307,851
Total Expenses per Form 990$2,307,851
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
George and Maureen GiacchinoOfficersWorking Capital LoanNo$256,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The 990 is reviewed by the business manager and the members of the board of directors.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available to public upon request.”

Filing and Contact Details

Filer

Filer Name
Mount Carmel Academy
EIN
26-2759503
Phone
7136432008
Address
7155 ASHBURN, HOUSTON, TX 77061

Signing Officer

Name
George Giacchino
Title
Business Manager
Phone
7136432008
Signed
2017-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Giacchino
Formed
2008
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
3
Employees
25

Preparer

Firm
Earl E Allen Jr CPA
Address
5322 W BELLFORT ST STE 104, HOUSTON, TX 77035-3034
Preparer
Earl E Allen Jr
Phone
7137215365
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Provide high school education for 340 students. Successfully pall taks test graduate 100% of students.”

Raw XML Appendix333 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/TotalLiabilitiesBOYAmt0485641
IRS990/TotalLiabilitiesEOYAmt0314892
IRS990/TotalLiabilitiesGrp/BOYAmt0485641
IRS990/TotalLiabilitiesGrp/EOYAmt0314892
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06153
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt037798
IRS990/TotalOtherProgSrvcExpenseAmt0463105
IRS990/TotalProgramServiceExpensesAmt02215844
IRS990/TotalProgramServiceRevenueAmt02118029
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02123039
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02339496
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0491794
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0352690
IRS990/TravelGrp/ProgramServicesAmt010052
IRS990/TravelGrp/TotalAmt010052
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt06153
IRS990/UnrestrictedNetAssetsGrp/EOYAmt037798
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0403232
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0256000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07155 ASHBURN
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077061
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.MOUNTCARMELACAADEMY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GEORGE GIACCHINO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BUSINESS MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum07136432008
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MOUNT CARMEL ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0MOUN
ReturnHeader/Filer/EIN0262759503
ReturnHeader/Filer/PhoneNum07136432008
ReturnHeader/Filer/USAddress/AddressLine1Txt07155 ASHBURN
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077061
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0020692321
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EARL E ALLEN JR CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05322 W BELLFORT ST STE 104
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0770353034
ReturnHeader/PreparerPersonGrp/PhoneNum07137215365
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EARL E ALLEN JR
ReturnHeader/ReturnTs02017-02-13T09:06:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$352,690
Liabilities
$314,892
Net assets
$37,798
Revenue
$2,339,496
Expenses
$2,307,851
Net income
$31,645
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.04$0.62$2.55$2.12$0.43
2023Detailed filing. Detailed filing data is available for this year.$0.80$0.62$0.18$1.74$2.23$0.49
2022Detailed filing. Detailed filing data is available for this year.$0.78$0.11$0.67$1.59$2.13$0.54
2021Detailed filing. Detailed filing data is available for this year.$1.25$0.64$0.61$2.16$2.00$0.17
2020Detailed filing. Detailed filing data is available for this year.$0.47$0.03$0.44$2.27$2.26$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.46$0.03$0.43$2.44$2.55$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.72$0.17$0.55$1.94$2.28$0.33
2017Detailed filing. Detailed filing data is available for this year.$1.05$0.17$0.88$2.99$2.15$0.84
2016Detailed filing. Detailed filing data is available for this year.$0.35$0.31$0.04$2.34$2.31$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.44$0.56$0.11$2.34$2.21$0.13