Civic Intelligence

Grace Academy of North Texas

EIN 27-4643657 • 501(c)3 • Celina, TX

Profile

Grace classical desires to educate and graduate young men and women who seek god's wisdom and will in all facets of their lives. We desire to accomplish this through immersion in god's word; making him the center of all aspects of each student's education. We desire to provide excellence in our core curriculum as well as extra-curricular activities in order to develop every child's god-given gifts. Grace classical is committed to modeling and teaching servant leadership principles such as humility, compassion, and service as witnessed in the life of our lord jesus christ. We desire to provide opportunities to each student regardless of socioeconomic background. Grace classical seeks to prepare each student to discern, reason, and defend truth upon graduation; confident in themselves as unique creations of god; confident in their ability to articulate and evangelize the word of god.

PO Box 1495Celina, TX 75009

gracespartans.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.86x

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

501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

2.31x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

4th percentile

-78%

Higher net margin than 4% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

18th percentile

-8.7%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2017

Revenue Growth

9th percentile

-36%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2017

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$2,014,642

Down $402,861 (-17%) from 2015

Liabilities

Down

$1,732,006

Down $82,451 (-4.5%) from 2015

Net Assets

Down

$282,636

Down $320,410 (-53%) from 2015

Operations
Liabilities / Revenue93rd percentileNet Margin4th percentile

Revenue

Down

$751,343

Down $1,101,820 (-59%) from 2015

Expenses

Down

$1,334,894

Down $157,545 (-11%) from 2015

Net Income

Down

-$583,551

Down $944,275 (-262%) from 2015

Trend Graphs

Balance Sheet Trend

Asset Growth18th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2013: $567,498Liabilities 2013: $401,048Net Assets 2013: $166,4502013Assets 2014: $876,202Liabilities 2014: $633,880Net Assets 2014: $242,3222014Assets 2015: $2,417,503Liabilities 2015: $1,814,457Net Assets 2015: $603,0462015Assets 2017: $2,014,642Liabilities 2017: $1,732,006Net Assets 2017: $282,6362017

Highlighted filing

2017

Assets$2,014,642
Liabilities$1,732,006
Net Assets$282,636
Open 2017 Filing

Operations Trend

Revenue Growth9th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2013: $837,2412013Revenue 2014: $1,295,076Expenses 2014: $1,248,141Net Income 2014: $46,9352014Revenue 2015: $1,853,163Expenses 2015: $1,492,439Net Income 2015: $360,7242015Revenue 2017: $751,343Expenses 2017: $1,334,894Net Income 2017: -$583,5512017

Highlighted filing

2017

Revenue$751,343
Expenses$1,334,894
Net Income-$583,551
Open 2017 Filing

Filings

Most recent year

2017 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,014,642
Liabilities
$1,732,006
Net assets
$282,636
Revenue
$751,343
Expenses
$1,334,894
Net income
-$583,551
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.01$1.73$0.28$0.75$1.33$0.58
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.42$1.81$0.60$1.85$1.49$0.36
2014Detailed filing. Detailed filing data is available for this year.$0.88$0.63$0.24$1.30$1.25$0.05
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.40$0.17$0.84
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Jun 6, 2018
Return Version
2016v3.1
Gross Receipts
$789,404
Mission and Program Overview

Mission

Grace classical desires to educate and graduate young men and women who seek god's wisdom and will in all facets of their lives. We desire to accomplish this through immersion in god's word; making him the center of all aspects of each student's education. We desire to provide excellence in our core curriculum as well as extra-curricular activities in order to develop every child's god-given gifts. Grace classical is committed to modeling and teaching servant leadership principles such as humility, compassion, and service as witnessed in the life of our lord jesus christ. We desire to provide opportunities to each student regardless of socioeconomic background. Grace classical seeks to prepare each student to discern, reason, and defend truth upon graduation; confident in themselves as unique creations of god; confident in their ability to articulate and evangelize the word of god.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,974,976$1,948,157▼ $26,819
Cash and Non-Interest-Bearing Accounts$119,900$56,475▼ $63,425
Total Assets$2,108,930$2,014,642▼ $94,288
Other Assets Total$14,054$10,010▼ $4,044
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,151,911$1,518,961▲ $367,050
Unsecured Notes Loans Payable-$190,067-
Other Liabilities$18,721$16,534▼ $2,187
Accounts Payable and Accrued Expenses-$6,444-
Total Liabilities$1,170,632$1,732,006▲ $561,374
Net Assets / Fund Balance
Unrestricted Net Assets$924,244$272,626▼ $651,618
Temporarily Rstr Net Assets$14,054$10,010▼ $4,044
Total Net Assets Fund Balance$938,298$282,636▼ $655,662
Total Liabilities and Net Assets / Fund Balance$2,108,930$2,014,642▼ $94,288

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,667,866-$1,667,866
Buildings$185,291$13,219$198,510
Other Land Buildings$95,000-$95,000
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Mitchell S MosesChairman
Michael VanaVice Chairma
Tobin HaggardBoard Truste
William WebberBoard Truste
Robert OwnbyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$224,912
Program Service Revenue
$349,724
Investment Income
$33,566
Other Revenue
$143,141
All Other Contributions
$224,912
Change in Net Assets
$-583,551
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$932,485
Other Expenses$402,409
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$835,055--$835,055
Occupancy$137,590--$137,590
Interest$65,953--$65,953
Payroll Taxes$62,984--$62,984
Office Expenses$54,296--$54,296
Other Employee Benefits$34,446--$34,446
Travel$34,343--$34,343
Fees for Services Other$24,685--$24,685
Depreciation Depletion$22,106--$22,106
Fees for Services Legal$14,517--$14,517
Insurance$13,875--$13,875
Advertising$11,397--$11,397
Fees for Services Accounting$10,739--$10,739
Information Technology$6,547--$6,547
Other Expenses$240--$240
Total Functional Expenses$1,334,894$0$0$1,334,894
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$21,175
Fundraising Direct Expenses$11,275
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$21,175$21,175$3,368$17,807
Total Events$21,175$21,175$11,275$9,900
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Chase Credit Card$15,844
H S a Payable$690
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
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, Page 6, Part VI, Line 11B

“The treasurer will notify the board the form 990 is prepared and copies are available for review if anyone would like one forwarded to them.”

Form 990, Page 6, Part VI, Line 12C

“Each year all board members complete a new conflict of interest form and discuss and vote on any new conflicts.”

Form 990, Page 6, Part VI, Line 15B

“Chairman of board researches comparibility data and reports back to the board for all decisions related to key employees compensation.”

Form 990, Page 6, Part VI, Line 19

“No documents are available to the public.”

Filing and Contact Details

Filer

Filer Name
Grace Academy of North Texas
EIN
27-4643657
Address
PO BOX 1495, CELINA, TX 75009
Doing Business As
Grace Classical

Signing Officer

Name
Michael Vana
Title
Vice Chairman
Phone
4692877111
Signed
2018-06-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mitchell S Moses
Formed
2011
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
37

Preparer

Firm
Lafollett & Abbott Pllc
Address
PO BOX 717, TOM BEAN, TX 75489-0717
Preparer
Susan K Lafollett CPA
Phone
9035466975
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Grace classical desires to educate and graduate young men and women who seek god's wisdom and will in all facets of their lives. We desire to accomplish this through immersion in god's word; making him the center of all aspects of each student's education. We desire to provide excellence in our core curriculum as well as extra-curricular activities in order to develop every child's god-given gifts. Grace classical is committed to modeling and teaching servant leadership principles such as humility, compassion, and service as witnessed in the life of our lord jesus christ. We desire to provide opportunities to each student regardless of socioeconomic background. Grace classical seeks to prepare each student to discern, reason, and defend truth upon graduation; confident in themselves as unique creations of god; confident in their ability to articulate and evangelize the word of god.”

Raw XML Appendix384 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/Form990PartVIISectionAGrp/TitleTxt3BOARD TRUSTE
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S PUBLICATIONS OF NONDISCRIMINATORY POLICY ARE CURRENTLY ADVERTISEMENTS IN NEWSPAPERS. THEY ALSO HAVE IT ON THEIR WEBSITE AND IN TEHIR BROCHURE, PARENT, STUDENT AND FACULTY HANDBOOKS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GRACE CLASSICAL DESIRES TO EDUCATE AND GRADUATE YOUNG MEN AND WOMEN WHO SEEK GOD'S WISDOM AND WILL IN ALL FACETS OF THEIR LIVES. WE DESIRE TO ACCOMPLISH THIS THROUGH IMMERSION IN GOD'S WORD; MAKING HIM THE CENTER OF ALL ASPECTS OF EACH STUDENT'S EDUCATION. WE DESIRE TO PROVIDE EXCELLENCE IN OUR CORE CURRICULUM AS WELL AS EXTRA-CURRICULAR ACTIVITIES IN ORDER TO DEVELOP EVERY CHILD'S GOD-GIVEN GIFTS. GRACE CLASSICAL IS COMMITTED TO MODELING AND TEACHING SERVANT LEADERSHIP PRINCIPLES SUCH AS HUMILITY, COMPASSION, AND SERVICE AS WITNESSED IN THE LIFE OF OUR LORD JESUS CHRIST. WE DESIRE TO PROVIDE OPPORTUNITIES TO EACH STUDENT REGARDLESS OF SOCIOECONOMIC BACKGROUND. GRACE CLASSICAL SEEKS TO PREPARE EACH STUDENT TO DISCERN, REASON, AND DEFEND TRUTH UPON GRADUATION; CONFIDENT IN THEMSELVES AS UNIQUE CREATIONS OF GOD; CONFIDENT IN THEIR ABILITY TO ARTICULATE AND EVANGELIZE THE WORD OF GOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER WILL NOTIFY THE BOARD THE FORM 990 IS PREPARED AND COPIES ARE AVAILABLE FOR REVIEW IF ANYONE WOULD LIKE ONE FORWARDED TO THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH YEAR ALL BOARD MEMBERS COMPLETE A NEW CONFLICT OF INTEREST FORM AND DISCUSS AND VOTE ON ANY NEW CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHAIRMAN OF BOARD RESEARCHES COMPARIBILITY DATA AND REPORTS BACK TO THE BOARD FOR ALL DECISIONS RELATED TO KEY EMPLOYEES COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL VANA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum04692877111
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRACE ACADEMY OF NORTH TEXAS
ReturnHeader/Filer/BusinessNameControlTxt0GRAC
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ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1495
ReturnHeader/Filer/USAddress/CityNm0CELINA
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LAFOLLETT & ABBOTT PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 717
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TOM BEAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0754890717
ReturnHeader/PreparerPersonGrp/PhoneNum09035466975
ReturnHeader/PreparerPersonGrp/PreparationDt02018-06-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUSAN K LAFOLLETT CPA
ReturnHeader/ReturnTs02018-06-08T10:14:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-08-01
ReturnHeader/TaxPeriodEndDt02017-07-31
ReturnHeader/TaxYr02016

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