Civic Intelligence

Merit Academy

990 • Fiscal year 2017 • EIN 26-4198236

Jan 01, 2017 to Dec 31, 2017 • Filed on Feb 13, 2019

Organization ProfileMeritAcademyTX.Org
2825 Valley View Lane Room 100Dallas, TX 75234

(214) 736-8375

Siviq Scores

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

Liabilities / Assets

80th percentile

0.15x

Higher debt load relative to assets than 80% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

84th percentile

0.13x

Higher debt load relative to revenue than 84% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

69th percentile

14%

Higher net margin than 69% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

81st percentile

$12,801

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

71st percentile

20%

Faster asset growth than 71% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

10th percentile

-48%

Faster revenue growth than 10% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$243,396

Up $40,130 (+20%) from 2016

Net Assets

Up

$207,951

Up $39,624 (+24%) from 2016

Liabilities

Up

$35,445

Up $506 (+1.4%) from 2016

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin69th percentile

Revenue

Down

$281,654

Down $260,747 (-48%) from 2016

Expenses

Down

$242,028

Down $209,054 (-46%) from 2016

Net Income

Down

$39,626

Down $51,693 (-57%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

$800K$600K$400K$200K$0Assets 2014: $78,429Liabilities 2014: $29,611Net Assets 2014: $48,8182014Assets 2015: $123,280Liabilities 2015: $6,939Net Assets 2015: $116,3412015Assets 2016: $203,266Liabilities 2016: $34,939Net Assets 2016: $168,3272016Assets 2017: $243,396Liabilities 2017: $35,445Net Assets 2017: $207,9512017Assets 2018: $408,092Liabilities 2018: $239,836Net Assets 2018: $168,2562018Assets 2019: $181,010Liabilities 2019: $0Net Assets 2019: $181,0102019Assets 2020: $652,294Liabilities 2020: $154,776Net Assets 2020: $497,5182020Assets 2021: $381,991Liabilities 2021: $150,207Net Assets 2021: $231,7842021

Highlighted filing

2017

Assets$243,396
Liabilities$35,445
Net Assets$207,951
Open 2017 Filing

Operations Trend

Revenue Growth10th percentile

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

$600K$400K$200K$0-$200KRevenue 2014: $430,914Expenses 2014: $468,677Net Income 2014: -$37,7632014Revenue 2015: $362,468Expenses 2015: $294,945Net Income 2015: $67,5232015Revenue 2016: $542,401Expenses 2016: $451,082Net Income 2016: $91,3192016Revenue 2017: $281,654Expenses 2017: $242,028Net Income 2017: $39,6262017Revenue 2018: $123,000Expenses 2018: $162,501Net Income 2018: -$39,5012018Revenue 2019: $62,069Expenses 2019: $49,315Net Income 2019: $12,7542019Revenue 2020: $87,640Expenses 2020: $98,892Net Income 2020: -$11,2522020Revenue 2021: $10,108Expenses 2021: $14,405Net Income 2021: -$4,2972021

Highlighted filing

2017

Revenue$281,654
Expenses$242,028
Net Income$39,626
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Feb 13, 2019
Return Version
2017v2.3
Gross Receipts
$281,654
Mission and Program Overview

Mission

Merit Academy is a school that offers K-12th grade to students who exhibit/diagnosed with social/emotional/conduct/learning differences a positive experience that nutures each students academic, emotional and social life.

To provide customized academic and behavorial plans for students with learning differences in a structured, nurturing school environment and empower parents with holistic training and support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,284$154,084▲ $142,800
Prepaid Expenses and Deferred Charges$131,803--
Cash and Non-Interest-Bearing Accounts$82,469$61,736▼ $20,733
Accounts Receivable$-34,152$15,754▲ $49,906
Receivables From Officers Etc$11,862$11,862→ $0
Loans From Officers Directors$-925$-925→ $0
Total Assets$203,266$243,396▲ $40,130
Other Assets Total-$-40-
Liabilities
Other Liabilities$30,369$30,875▲ $506
Accounts Payable and Accrued Expenses$5,495$5,495→ $0
Total Liabilities$34,939$35,445▲ $506
Net Assets / Fund Balance
Unrestricted Net Assets$168,327$207,951▲ $39,624
Total Net Assets Fund Balance$168,327$207,951▲ $39,624
Total Liabilities and Net Assets / Fund Balance$203,266$243,396▲ $40,130

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$126,662$2,575$129,237
Other Land Buildings$16,619$2,314$18,933
Leasehold Improvements$10,803-$10,803
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Charity PurcellPresidentFT$12,801$12,801
Revenue and Support

Revenue Composition

Contributions and Grants
$11,994
Program Service Revenue
$164,396
Investment Income
$0
Other Revenue
$105,264
All Other Contributions
$1,473
Change in Net Assets
$39,626
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$131,980
Salaries, Compensation, and Employee Benefits$110,048
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$80,288
Occupancy---$79,126
Office Expenses---$19,048
Payroll Taxes---$15,655
Current Officers, Directors, Trustees, and Key Employees---$12,801
Fees for Services Legal---$9,057
All Other Expenses---$2,414
Other Employee Benefits---$1,304
Insurance---$1,134
Advertising---$1,097
Other Expenses---$599
Interest---$467
Total Functional Expenses$0$0$0$242,028
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 Officers, Directors, Trustees, and Key Employees$11,862$11,862→ $0
Loans from Officers, Directors, Trustees, and Key Employees$-925$-925→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$30,369
Payroll Taxes$506
Other Liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Section B, Line 11

“Merit Academys Officers review the tax return prior to signing and filing with the Internal Revenue Service. The tax return is available to any member upon request.”

Form 990, Part VI, Section A, Line 6

“Merit Academy has only one stockholder. Charity Purcell with on class of stock.”

Filing and Contact Details

Filer

Filer Name
Merit Academy
EIN
26-4198236
Phone
2147368375
Address
2825 Valley View Lane Room 100, Dallas, TX 75234

Signing Officer

Name
Charity Purcell
Title
President
Signed
2019-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charity Purcell
Formed
2009
Legal Domicile
TX
Voting Board Members
1
Independent Board Members
1
Employees
9

Preparer

Firm
BURNEY McCLELLAN & ASSOCIATES PC
Address
1415 E BELT LINE RD, CARROLLTON, TX 75006
Preparer
RONALD L McCLELLAN
Phone
9724661234
Raw XML Appendix340 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05495
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05495
IRS990/AccountsReceivableGrp/BOYAmt0-34152
IRS990/AccountsReceivableGrp/EOYAmt015754
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To provide customized academic and behavorial plans for students with learning differences in a structured, nurturing school environment and empower parents with holistic training and support.
IRS990/AdvertisingGrp/TotalAmt01097
IRS990/AllOtherContributionsAmt01473
IRS990/AllOtherExpensesGrp/TotalAmt02414
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Merit Academy
IRS990/BooksInCareOfDetail/PhoneNum02147368375
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02825 Valley View Lane Ste 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0Farmers Branch
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd075234
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt082469
IRS990/CashNonInterestBearingGrp/EOYAmt061736
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt012801
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt011994
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0131980
IRS990/CYOtherRevenueAmt0105264
IRS990/CYProgramServiceRevenueAmt0164396
IRS990/CYRevenuesLessExpensesAmt039626
IRS990/CYSalariesCompEmpBnftPaidAmt0110048
IRS990/CYTotalExpensesAmt0242028
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0281654
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0Tuition for students attending school. The attendance has grown every year since 2009
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt09057
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0050.00
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0Charity Purcell
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt012801
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingAmt0948
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GovernmentGrantsAmt09573
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0281654
IRS990/GrossRentsGrp/RealAmt033050
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt01134
IRS990/InterestGrp/TotalAmt0467
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04889
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011284
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0154084
IRS990/LandBldgEquipCostOrOtherBssAmt0158973
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0-925
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0-925
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Merit Academy is a school that offers K-12th grade students who exhibit/diagnosed with a social/emotional/conduct/learing differences a positive experience that nutures each students academic, emotional and social life.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0168327
IRS990/NetAssetsOrFundBalancesEOYAmt0207951
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt033050
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt079126
IRS990/OfficeExpensesGrp/TotalAmt019048
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt0-40
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01304
IRS990/OtherExpensesGrp/Desc0Professional Fees
IRS990/OtherExpensesGrp/Desc1Program/Fund Raising Expenses
IRS990/OtherExpensesGrp/Desc2Utilities/Dumpster
IRS990/OtherExpensesGrp/Desc3License/Permits
IRS990/OtherExpensesGrp/TotalAmt010777
IRS990/OtherExpensesGrp/TotalAmt15118
IRS990/OtherExpensesGrp/TotalAmt23143
IRS990/OtherExpensesGrp/TotalAmt3599
IRS990/OtherLiabilitiesGrp/BOYAmt030369
IRS990/OtherLiabilitiesGrp/EOYAmt030875
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0Supply Dues
IRS990/OtherRevenueMiscGrp/Desc1Other
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02472
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt169742
IRS990/OtherRevenueTotalAmt072214
IRS990/OtherSalariesAndWagesGrp/TotalAmt080288
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt015655
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0131803
IRS990/PrincipalOfficerNm0Charity Purcell
IRS990/PriorPeriodAdjustmentsAmt0-2
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Tuition
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0164396
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt043257
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0181011
IRS990/PYOtherRevenueAmt0109914
IRS990/PYProgramServiceRevenueAmt0389230
IRS990/PYRevenuesLessExpensesAmt091319
IRS990/PYSalariesCompEmpBnftPaidAmt0270071
IRS990/PYTotalExpensesAmt0451082
IRS990/PYTotalRevenueAmt0542401
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt011862
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt011862
IRS990/ReconcilationRevenueExpnssAmt039626
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt033050
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0126662
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02575
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0129237
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt010803
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt010803
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt016619
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02314
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt018933
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030369
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1506
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll Taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Other Liabilities
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0154084
IRS990ScheduleD/TotalLiabilityAmt030875
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/ExplanationTxt0Explanation of Nondiscrimination Policy. This statement is included on all documents and website Merit Academy admits students of any race, color, national or ethnic origin to all the rights, priviledges, programs and activities generally accorded or made available to students at the school. It does not discriminate on the basis of race, color, national and ethic origin in administration of its educational or admission policies, scholarships, loans, athletic, or any other program.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc03
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt011862
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Employee Advance in 2012
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt06862
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Charity Purcel
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Officer
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt011862
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Merit Academys Officers review the tax return prior to signing and filing with the Internal Revenue Service. The tax return is available to any member upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Merit Academy has only one stockholder. Charity Purcell with on class of stock.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0203266
IRS990/TotalAssetsEOYAmt0243396
IRS990/TotalAssetsGrp/BOYAmt0203266
IRS990/TotalAssetsGrp/EOYAmt0243396
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt011994
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0242028
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt034939
IRS990/TotalLiabilitiesEOYAmt035445
IRS990/TotalLiabilitiesGrp/BOYAmt034939
IRS990/TotalLiabilitiesGrp/EOYAmt035445
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0168327
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0207951
IRS990/TotalProgramServiceRevenueAmt0164396
IRS990/TotalReportableCompFromOrgAmt012801
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0281654
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0203266
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0243396
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0168327
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0207951
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02962 Country Place Circle
IRS990/USAddress/CityNm0Carrollton
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075234
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0MeritAcademyTX.Org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Charity Purcell
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Merit Academy
ReturnHeader/Filer/BusinessNameControlTxt0MERI
ReturnHeader/Filer/EIN0264198236
ReturnHeader/Filer/PhoneNum02147368375
ReturnHeader/Filer/USAddress/AddressLine1Txt02825 Valley View Lane Room 100
ReturnHeader/Filer/USAddress/CityNm0Dallas
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075234
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0AC339CC03D1812B99CBA9047001AAF80C44FE281
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05311C0AA5CC8CBD1C90637D916E4DF043A56B0B5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt047.186.240.144
ReturnHeader/FilingSecurityInformation/IPDt02019-02-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm018:24:50
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BURNEY McCLELLAN & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01415 E BELT LINE RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARROLLTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075006
ReturnHeader/PreparerPersonGrp/PhoneNum09724661234
ReturnHeader/PreparerPersonGrp/PreparationDt02019-02-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD L McCLELLAN
ReturnHeader/ReturnTs02019-02-13T12:51:50-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$243,396
Liabilities
$35,445
Net assets
$207,951
Revenue
$281,654
Expenses
$242,028
Net income
$39,626
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$3.82$1.50$2.32$0.10$0.14$0.04
2020Detailed filing. Detailed filing data is available for this year.$6.52$1.55$4.98$0.88$0.99$0.11
2019Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$0.62$0.49$0.13
2018Detailed filing. Detailed filing data is available for this year.$4.08$2.40$1.68$1.23$1.63$0.40
2017Detailed filing. Detailed filing data is available for this year.$2.43$0.35$2.08$2.82$2.42$0.40
2016Detailed filing. Detailed filing data is available for this year.$2.03$0.35$1.68$5.42$4.51$0.91
2015Detailed filing. Detailed filing data is available for this year.$1.23$0.07$1.16$3.62$2.95$0.68
2014Detailed filing. Detailed filing data is available for this year.$0.78$0.30$0.49$4.31$4.69$0.38