Civic Intelligence

Texas Creative Arts Academy Inc

990EZ • Fiscal year 2021 • EIN 26-4092928

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

3904 Ashburton WayFlower Mound, TX 75022

(972) 304-0160

Siviq Scores

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

Liabilities / Assets

95th percentile

1.14x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

92nd percentile

0.62x

Higher debt load relative to revenue than 92% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

90th percentile

59%

Higher net margin than 90% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

80th percentile

$6,167

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

95th percentile

261%

Faster asset growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

57th percentile

13%

Faster revenue growth than 57% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$21,883

Up $15,813 (+261%) from 2020

Net Assets

Up

-$3,117

Up $23,930 (+88%) from 2020

Liabilities

Down

$25,000

Down $8,117 (-25%) from 2020

Revenue

Up

$40,469

Up $4,628 (+13%) from 2020

Expenses

Down

$16,539

Down $25,101 (-60%) from 2020

Net Income

Up

$23,930

Up $29,729 (+513%) from 2020

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50K-$100KAssets 2010: $21,793Liabilities 2010: $6,610Net Assets 2010: $15,1832010Assets 2011: $34,610Liabilities 2011: $28,744Net Assets 2011: $5,8662011Assets 2012: $29,310Liabilities 2012: $59,503Net Assets 2012: -$30,1932012Assets 2013: $25,390Liabilities 2013: $50,063Net Assets 2013: -$24,6732013Assets 2014: $17,495Liabilities 2014: $41,909Net Assets 2014: -$24,4142014Assets 2015: $5,624Liabilities 2015: $35,297Net Assets 2015: -$29,6732015Assets 2016: $3,465Liabilities 2016: $42,048Net Assets 2016: -$38,5832016Assets 2017: $20,189Liabilities 2017: $68,382Net Assets 2017: -$48,1932017Assets 2018: $3,230Liabilities 2018: $59,735Net Assets 2018: -$56,5052018Assets 2019: $464Liabilities 2019: $21,712Net Assets 2019: -$21,2482019Assets 2020: $6,070Liabilities 2020: $33,117Net Assets 2020: -$27,0472020Assets 2021: $21,883Liabilities 2021: $25,000Net Assets 2021: -$3,1172021Assets 2022: $29,460Liabilities 2022: $25,000Net Assets 2022: $4,4602022

Highlighted filing

2021

Assets$21,883
Liabilities$25,000
Net Assets-$3,117

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2010: $157,347Expenses 2010: $139,760Net Income 2010: $17,5872010Expenses 2011: $256,1672011Expenses 2012: $309,1272012Revenue 2013: $176,560Expenses 2013: $171,040Net Income 2013: $5,5202013Revenue 2014: $82,070Expenses 2014: $81,811Net Income 2014: $2592014Revenue 2015: $63,288Expenses 2015: $68,547Net Income 2015: -$5,2592015Revenue 2016: $97,023Expenses 2016: $106,334Net Income 2016: -$9,3112016Revenue 2017: $146,963Expenses 2017: $156,573Net Income 2017: -$9,6102017Revenue 2018: $148,005Expenses 2018: $156,317Net Income 2018: -$8,3122018Revenue 2019: $126,793Expenses 2019: $91,536Net Income 2019: $35,2572019Revenue 2020: $35,841Expenses 2020: $41,640Net Income 2020: -$5,7992020Revenue 2021: $40,469Expenses 2021: $16,539Net Income 2021: $23,9302021Revenue 2022: $115,319Expenses 2022: $107,742Net Income 2022: $7,5772022

Highlighted filing

2021

Revenue$40,469
Expenses$16,539
Net Income$23,930
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$40,469
Mission and Program Overview

Mission

TCAA is an arts organization dedicated to providing excellence in youth arts education and performance opportunities

TCAA is an arts organization dedicated to providing excellence in youth arts education and performance opportunities.

Program Services

DescriptionGrantsExpenses
Productions are performance opportunities for students who gain experience starting with auditioning to performing. Students learn auditioning, set design, costuming and team work skills.--
Classes and camps introduce and instill theater arts skills in the creative arts industry and communication life skills. These classes help theatre students hone skills that will help them reach their theatrical career goals and improve presenation skills. Camps are offered during summer and school holidays.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Donna ClarkExecutive DirectorFT$6,167-$6,167
Diana StonecipherTreasurer-$0--
Michael ClarkDirector-$0--
Filing and Contact Details

Filer

Filer Name
Texas Creative Arts Academy
EIN
26-4092928
Phone
9723040160
Address
3904 Ashburton Way, Flower Mound, TX 75022

Signing Officer

Name
Diana Stonecipher
Title
Treasurer
Signed
2022-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Farrell and Hornberger LLC
Address
12900 Preston Rd Ste 780, Dallas, TX 75230
Preparer
Jill Hall
Phone
9728952128
Supplemental Narrative

Additional Explanations

Other Expenses.1

Credit Card Fees $2428

Other Expenses.2

MARKETING $1002

Other Expenses.3

Online Data Base $448

Other Expenses.4

Professional services $406

Other Expenses.5

Office Expense $359

Other Expenses.6

Payroll Processing Expense $149

Other Expenses.7

Bank Fees $106

Other Expenses.8

Membership & Dues $99

Other Expenses.9

interest/Late Fees $47

Other Assets.1

Employee Advance - Beginning $5853 Employee Advance - Ending $20458

Total Liabilities.1

SBA - EIDL - Beginning $19000 SBA - EIDL - Ending $19000

Total Liabilities.2

SBA - Advance - Beginning $6000 SBA - Advance - Ending $6000

Total Liabilities.3

PPP - COVID Loan - Beginning $8117 PPP - COVID Loan - Ending $0

Raw XML Appendix175 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Donna Clark
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Diana Stonecipher
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Michael Clark
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Executive Dir.
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/OtherAssetsTotalDetail/BOYAmt05853
IRS990EZ/OtherAssetsTotalDetail/EOYAmt020458
IRS990EZ/OtherExpensesTotalAmt05044
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IRS990EZ/ProgramServiceRevenueAmt023352
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Classes and camps introduce and instill theater arts skills in the creative arts industry and communication life skills. These classes help theatre students hone skills that will help them reach their theatrical career goals and improve presenation skills. Camps are offered during summer and school holidays.
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IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt033117
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt025000
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/WebsiteAddressTxt0www.creativeafterschooltheatre.com
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt017117
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0470954
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt040469
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt025841
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0126793
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0148005
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0146963
IRS990ScheduleA/Total509Grp/TotalAmt0488071
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt040469
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt025841
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0146963
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0488071
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Credit Card Fees $2428
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MARKETING $1002
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Online Data Base $448
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROFESSIONAL SERVICES $406
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Office Expense $359
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Payroll Processing Expense $149
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Bank Fees $106
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Membership & Dues $99
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8interest/Late Fees $47
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Employee Advance - Beginning $5853 Employee Advance - Ending $20458
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10SBA - EIDL - Beginning $19000 SBA - EIDL - Ending $19000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11SBA - Advance - Beginning $6000 SBA - Advance - Ending $6000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12PPP - COVID Loan - Beginning $8117 PPP - COVID Loan - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Total Liabilities.2
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Texas Creative Arts Academy
ReturnHeader/Filer/BusinessNameControlTxt0TEXA
ReturnHeader/Filer/EIN0264092928
ReturnHeader/Filer/PhoneNum09723040160
ReturnHeader/Filer/USAddress/AddressLine1Txt03904 Ashburton Way
ReturnHeader/Filer/USAddress/CityNm0Flower Mound
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075022
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464951958
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ReturnHeader/PreparerPersonGrp/PhoneNum09728952128
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ReturnHeader/ReturnTs02022-11-15T12:47:00-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Diana
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Stonecipher
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.29$0.25$0.04$1.15$1.08$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.22$0.25$0.03$0.40$0.17$0.24
2020Detailed filing. Detailed filing data is available for this year.$0.06$0.33$0.27$0.36$0.42$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.22$0.21$1.27$0.92$0.35
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.60$0.57$1.48$1.56$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.20$0.68$0.48$1.47$1.57$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.42$0.39$0.97$1.06$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.06$0.35$0.30$0.63$0.69$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.17$0.42$0.24$0.82$0.82$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.25$0.50$0.25$1.77$1.71$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.60$0.30$3.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.29$0.06$2.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.07$0.15$1.57$1.40$0.18