Civic Intelligence

Midland Academy Charter School Inc.

990 • Fiscal year 2016 • EIN 31-1614310

Sep 01, 2015 to Aug 31, 2016 • Filed on Dec 14, 2016

Organization ProfileWWW.MACHARTER.ORG

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500 N Baird StreetMidland, TX 79701

(432) 686-0003

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.21x

Higher debt load relative to assets than 62% of similar nonprofits.

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

Liabilities / Revenue

66th percentile

0.25x

Higher debt load relative to revenue than 66% of similar nonprofits.

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

Net Margin

60th percentile

5.5%

Higher net margin than 60% 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

53rd percentile

1.9%

Faster asset growth than 53% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

45th percentile

1.1%

Faster revenue growth than 45% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$4,708,016

Up $89,889 (+1.9%) from 2015

Net Assets

Up

$3,739,002

Up $213,340 (+6.1%) from 2015

Liabilities

Down

$969,014

Down $123,451 (-11%) from 2015

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin60th percentile

Revenue

Up

$3,855,807

Up $40,756 (+1.1%) from 2015

Expenses

Up

$3,642,467

Up $50,615 (+1.4%) from 2015

Net Income

Down

$213,340

Down $9,859 (-4.4%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $3,983,530Liabilities 2012: $1,442,183Net Assets 2012: $2,541,3472012Assets 2013: $4,339,564Liabilities 2013: $1,210,610Net Assets 2013: $3,128,9542013Assets 2014: $4,534,878Liabilities 2014: $1,114,668Net Assets 2014: $3,420,2102014Assets 2015: $4,618,127Liabilities 2015: $1,092,465Net Assets 2015: $3,525,6622015Assets 2016: $4,708,016Liabilities 2016: $969,014Net Assets 2016: $3,739,0022016Assets 2017: $4,717,824Liabilities 2017: $864,804Net Assets 2017: $3,853,0202017Assets 2021: $5,322,072Liabilities 2021: $290,231Net Assets 2021: $5,031,8412021Assets 2022: $5,855,125Liabilities 2022: $287,071Net Assets 2022: $5,568,0542022Assets 2025: $7,747,472Liabilities 2025: $340,094Net Assets 2025: $7,407,3782025

Highlighted filing

2016

Assets$4,708,016
Liabilities$969,014
Net Assets$3,739,002
Open 2016 Filing

Operations Trend

Revenue Growth45th percentile

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

$6.0M$4.0M$2.0M$0Expenses 2012: $3,854,5902012Expenses 2013: $3,739,8852013Revenue 2014: $4,094,477Expenses 2014: $3,803,221Net Income 2014: $291,2562014Revenue 2015: $3,815,051Expenses 2015: $3,591,852Net Income 2015: $223,1992015Revenue 2016: $3,855,807Expenses 2016: $3,642,467Net Income 2016: $213,3402016Revenue 2017: $3,794,164Expenses 2017: $3,680,146Net Income 2017: $114,0182017Revenue 2021: $4,333,995Expenses 2021: $3,778,436Net Income 2021: $555,5592021Revenue 2022: $4,150,376Expenses 2022: $3,614,825Net Income 2022: $535,5512022Revenue 2025: $5,548,816Expenses 2025: $4,452,375Net Income 2025: $1,096,4412025

Highlighted filing

2016

Revenue$3,855,807
Expenses$3,642,467
Net Income$213,340
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Dec 14, 2016
Return Version
2015v2.1
Gross Receipts
$3,855,807
Mission and Program Overview

Mission

The school is operated as a single charter school for pre-kindergarten through grade eight.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,774,975$2,764,741▼ $10,234
Land, Buildings, and Equipment, Net$1,783,664$1,876,601▲ $92,937
Accounts Receivable$53,073$61,408▲ $8,335
Total Assets$4,618,127$4,708,016▲ $89,889
Other Assets Total$6,415$5,266▼ $1,149
Liabilities
Other Liabilities$904,946$783,690▼ $121,256
Accounts Payable and Accrued Expenses$187,519$165,556▼ $21,963
Deferred Revenue-$19,768-
Total Liabilities$1,092,465$969,014▼ $123,451
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,470,257$3,715,674▲ $245,417
Unrestricted Net Assets$55,405$23,328▼ $32,077
Total Net Assets Fund Balance$3,525,662$3,739,002▲ $213,340
Total Liabilities and Net Assets / Fund Balance$4,618,127$4,708,016▲ $89,889

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,728,263$860,990$2,589,253
Equipment$45,058$396,029$441,087
Other Land Buildings$83,280$151,964$235,244
Land$20,000-$20,000
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Bobby SmithPresident
Chris DeandaBoard Member
Beverly DrummondSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,732,806
Investment Income
$2,698
Other Revenue
$120,303
Change in Net Assets
$213,340

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,855,807
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,855,807
Total Revenue per Form 990
$3,855,807
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,572,979
Other Expenses$1,069,488
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,083,960--$2,083,960
Other Employee Benefits$272,003$13,963-$285,966
Other Expenses$144,089--$144,089
Current Officers, Directors, Trustees, and Key Employees-$106,977-$106,977
Depreciation Depletion$93,521$3,860-$97,381
Occupancy$74,461--$74,461
Pension Plan Contributions$60,975$3,130-$64,105
All Other Expenses$59,836--$59,836
Interest$41,817--$41,817
Payroll Taxes$30,410$1,561-$31,971
Fees for Services Accounting$31,790--$31,790
Advertising-$28,828-$28,828
Travel$15,180$10,413-$25,593
Information Technology-$2,221-$2,221
Fees for Services Legal-$1,400-$1,400
Total Functional Expenses$3,470,114$172,353$0$3,642,467

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,642,467
Total Expenses per Audited Statements$3,642,467
Total Expenses per Form 990$3,642,467
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Asb St Building Loan Ltd$468,838
Lt Debt Tea Principal$187,690
Asb Building Loan$114,828
Tea Liability - St Portion$12,334
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 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
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, Part VI, Section B, Line 11

“The superintendent, which serves as the chief executive officer and financial officer, reviews the 990 once it is prepared, with input from the business office specialist and independent auditor.”

Form 990, Part VI, Section B, Line 12C

“Officers of the organization, along with trustees, annually submit disclosure statements which are filed with the texas education agency.”

Form 990, Part VI, Section C, Line 19

“Copies of the governing documents are kept in the lobby and can be made available upon request. Conflict of interest documents and financial statements are also available upon request. Financial statements can be publically viewed at monthly board or director meetings which are posted & held according to the open meetings act.”

Form 990, Part VII

“Beverly drummond - 3905 baybrook ct, midland, tx 79707. Bobby smith - 4213 fairwood pl, midland, tx 79707. Chris deanda - 4509 gleneagles dr, midland, tx 79707.”

Filing and Contact Details

Filer

Filer Name
Midland Academy Charter School
EIN
31-1614310
Phone
4326860003
Address
500 N BAIRD STREET, MIDLAND, TX 79701

Signing Officer

Name
Jill Lankford
Title
Superintendent
Phone
4326860003
Signed
2016-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jill Lankford
Formed
1998
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
0
Employees
73
Volunteers
0

Preparer

Firm
Weaver and Tidwell Llp
Address
400 W ILLINOIS SUITE 1550, MIDLAND, TX 79701
Preparer
James Flatt
Phone
4326835226
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Tuition, fees & other pgm exp: program service expenses 24,031. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,031. Lease rental: program service expenses 21,310. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,310. Activity fund expense: program service expenses 8,326. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,326. Miscellaneous expense: program service expenses 5,020. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,020. Amortization: program service expenses 1,149. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,149.”

990 Part XII Financial Statements & Reporting

“There were no changes to the oversight or selection process during the tax year.”

Raw XML Appendix391 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/ProgSrvcAccomActy3Grp/Desc0HEALTH SERVICE AND FOOD SERVICES - ALONG WITH HEALTH AND WELLNESSEDUCATION, THE CHILD NUTRITIONAL PROGRAM WILL ENSURE THAT ALLSTUDENTS HAVE AFFORDABLE ACCESS TO THE VARIED AND NUTRITIONALFOODS THEY NEED TO STAY HEALTHY AND LEARN WELL.
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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02589253
IRS990ScheduleD/EquipmentGrp/BookValueAmt045058
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0396029
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0441087
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03642467
IRS990ScheduleD/LandGrp/BookValueAmt020000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt083280
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0151964
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0235244
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012334
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1114828
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2468838
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3187690
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TEA LIABILITY - ST PORTION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ASB BUILDING LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ASB ST BUILDING LOAN LTD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3LT DEBT TEA PRINCIPAL
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03855807
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01876601
IRS990ScheduleD/TotalExpensesPerForm990Amt03642467
IRS990ScheduleD/TotalLiabilityAmt0783690
IRS990ScheduleD/TotalRevenuePerForm990Amt03855807
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03855807
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03642467
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL RECEIVES FINANCIAL ASSISTANCE FROM THE TEXAS EDUCATION AGENCY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SUPERINTENDENT, WHICH SERVES AS THE CHIEF EXECUTIVE OFFICER AND FINANCIAL OFFICER, REVIEWS THE 990 ONCE IT IS PREPARED, WITH INPUT FROM THE BUSINESS OFFICE SPECIALIST AND INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS OF THE ORGANIZATION, ALONG WITH TRUSTEES, ANNUALLY SUBMIT DISCLOSURE STATEMENTS WHICH ARE FILED WITH THE TEXAS EDUCATION AGENCY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES OF THE GOVERNING DOCUMENTS ARE KEPT IN THE LOBBY AND CAN BE MADE AVAILABLE UPON REQUEST. CONFLICT OF INTEREST DOCUMENTS AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS CAN BE PUBLICALLY VIEWED AT MONTHLY BOARD OR DIRECTOR MEETINGS WHICH ARE POSTED & HELD ACCORDING TO THE OPEN MEETINGS ACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BEVERLY DRUMMOND - 3905 BAYBROOK CT, MIDLAND, TX 79707. BOBBY SMITH - 4213 FAIRWOOD PL, MIDLAND, TX 79707. CHRIS DEANDA - 4509 GLENEAGLES DR, MIDLAND, TX 79707.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TUITION, FEES & OTHER PGM EXP: PROGRAM SERVICE EXPENSES 24,031. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,031. LEASE RENTAL: PROGRAM SERVICE EXPENSES 21,310. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,310. ACTIVITY FUND EXPENSE: PROGRAM SERVICE EXPENSES 8,326. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,326. MISCELLANEOUS EXPENSE: PROGRAM SERVICE EXPENSES 5,020. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,020. AMORTIZATION: PROGRAM SERVICE EXPENSES 1,149. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,149.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE WERE NO CHANGES TO THE OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5990 PART XII FINANCIAL STATEMENTS & REPORTING
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt03470257
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03715674
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04618127
IRS990/TotalAssetsEOYAmt04708016
IRS990/TotalAssetsGrp/BOYAmt04618127
IRS990/TotalAssetsGrp/EOYAmt04708016
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt073
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0172353
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03470114
IRS990/TotalFunctionalExpensesGrp/TotalAmt03642467
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01092465
IRS990/TotalLiabilitiesEOYAmt0969014
IRS990/TotalLiabilitiesGrp/BOYAmt01092465
IRS990/TotalLiabilitiesGrp/EOYAmt0969014
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03525662
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03739002
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03470114
IRS990/TotalProgramServiceRevenueAmt03732806
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02698
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03853109
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03855807
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04618127
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04708016
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt010413
IRS990/TravelGrp/ProgramServicesAmt015180
IRS990/TravelGrp/TotalAmt025593
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt055405
IRS990/UnrestrictedNetAssetsGrp/EOYAmt023328
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0500 N BAIRD STREET
IRS990/USAddress/CityNm0MIDLAND
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079701
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.MACHARTER.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JILL LANKFORD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SUPERINTENDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04326860003
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-12-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MIDLAND ACADEMY CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0MIDL
ReturnHeader/Filer/EIN0311614310
ReturnHeader/Filer/PhoneNum04326860003
ReturnHeader/Filer/USAddress/AddressLine1Txt0500 N BAIRD STREET
ReturnHeader/Filer/USAddress/CityNm0MIDLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079701
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0750786316
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEAVER AND TIDWELL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0400 W ILLINOIS SUITE 1550
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIDLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079701
ReturnHeader/PreparerPersonGrp/PhoneNum04326835226
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES FLATT
ReturnHeader/ReturnTs02016-12-20T12:50:52-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-09-01
ReturnHeader/TaxPeriodEndDt02016-08-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$4,708,016
Liabilities
$969,014
Net assets
$3,739,002
Revenue
$3,855,807
Expenses
$3,642,467
Net income
$213,340
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.75$0.34$7.41$5.55$4.45$1.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.86$0.29$5.57$4.15$3.61$0.54
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.32$0.29$5.03$4.33$3.78$0.56
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.72$0.86$3.85$3.79$3.68$0.11
2016Detailed filing. Detailed filing data is available for this year.$4.71$0.97$3.74$3.86$3.64$0.21
2015Detailed filing. Detailed filing data is available for this year.$4.62$1.09$3.53$3.82$3.59$0.22
2014Detailed filing. Detailed filing data is available for this year.$4.53$1.11$3.42$4.09$3.80$0.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.34$1.21$3.13$3.74
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.98$1.44$2.54$3.85