Civic Intelligence

Trinity Basin Preparatory Inc.

990 • Fiscal year 2014 • EIN 31-1614490

Sep 01, 2013 to Aug 31, 2014 • Filed on Mar 24, 2015

Organization Profilewww.trinitybasin.net
400 S Zang Suite 70075208

(214) 946-9100

Siviq Scores

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

Liabilities / Assets

94th percentile

1.01x

Higher debt load relative to assets than 94% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

86th percentile

2.00x

Higher debt load relative to revenue than 86% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

41st percentile

1.5%

Higher net margin than 41% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

66th percentile

$317,610

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

99th percentile

203%

Faster asset growth than 99% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$31,392,563

Up $21,027,316 (+203%) from 2013

Net Assets

Down

-$299,285

Down $1,515,252 (-125%) from 2013

Liabilities

Up

$31,691,848

Up $22,542,568 (+246%) from 2013

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin41st percentile

Revenue

$15,875,147

No earlier filing loaded for comparison.

Expenses

Up

$15,643,209

Up $1,119,756 (+7.7%) from 2013

Net Income

$231,938

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$300M$200M$100M$0-$100MAssets 2011: $8,956,155Liabilities 2011: $6,690,399Net Assets 2011: $2,265,7562011Assets 2012: $10,860,250Liabilities 2012: $9,202,035Net Assets 2012: $1,658,2152012Assets 2013: $10,365,247Liabilities 2013: $9,149,280Net Assets 2013: $1,215,9672013Assets 2014: $31,392,563Liabilities 2014: $31,691,848Net Assets 2014: -$299,2852014Assets 2015: $32,210,254Liabilities 2015: $32,415,132Net Assets 2015: -$204,8782015Assets 2016: $32,501,437Liabilities 2016: $32,448,791Net Assets 2016: $52,6462016Assets 2017: $33,602,303Liabilities 2017: $30,893,678Net Assets 2017: $2,708,6252017Assets 2018: $53,061,020Liabilities 2018: $46,220,211Net Assets 2018: $6,840,8092018Assets 2019: $63,208,912Liabilities 2019: $49,650,007Net Assets 2019: $13,558,9052019Assets 2020: $103,690,444Liabilities 2020: $83,959,618Net Assets 2020: $19,730,8262020Assets 2021: $106,737,782Liabilities 2021: $76,052,738Net Assets 2021: $30,685,0442021Assets 2022: $147,305,445Liabilities 2022: $111,277,114Net Assets 2022: $36,028,3312022Assets 2023: $235,327,976Liabilities 2023: $198,514,574Net Assets 2023: $36,813,4022023Assets 2024: $293,837,699Liabilities 2024: $246,874,702Net Assets 2024: $46,962,9972024

Highlighted filing

2014

Assets$31,392,563
Liabilities$31,691,848
Net Assets-$299,285
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$100M$50M$0Expenses 2011: $13,152,1432011Expenses 2012: $12,761,8642012Expenses 2013: $14,523,4532013Revenue 2014: $15,875,147Expenses 2014: $15,643,209Net Income 2014: $231,9382014Revenue 2015: $17,207,087Expenses 2015: $17,112,680Net Income 2015: $94,4072015Revenue 2016: $22,250,417Expenses 2016: $21,992,893Net Income 2016: $257,5242016Revenue 2017: $26,600,972Expenses 2017: $23,944,993Net Income 2017: $2,655,9792017Revenue 2018: $30,754,444Expenses 2018: $26,622,260Net Income 2018: $4,132,1842018Revenue 2019: $37,343,541Expenses 2019: $32,786,751Net Income 2019: $4,556,7902019Revenue 2020: $43,015,741Expenses 2020: $36,843,820Net Income 2020: $6,171,9212020Revenue 2021: $54,415,369Expenses 2021: $43,461,151Net Income 2021: $10,954,2182021Revenue 2022: $57,426,553Expenses 2022: $51,723,266Net Income 2022: $5,703,2872022Revenue 2023: $67,708,404Expenses 2023: $66,923,333Net Income 2023: $785,0712023Revenue 2024: $96,391,446Expenses 2024: $86,241,851Net Income 2024: $10,149,5952024

Highlighted filing

2014

Revenue$15,875,147
Expenses$15,643,209
Net Income$231,938
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Mar 24, 2015
Return Version
2013v4.0
Gross Receipts
$15,875,147
Mission and Program Overview

Mission

Provide a safe, disciplined learning environment in which every student can succeed. We seek to provide every student with basic tools necessary to build a solid foundation for future educational, business and social success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,340,542$13,948,407▲ $6,607,865
Savings and Temporary Cash Investments$1,686,241$1,600,397▼ $85,844
Accounts Receivable$473,153$616,827▲ $143,674
Cash and Non-Interest-Bearing Accounts$232,416$409,976▲ $177,560
Prepaid Expenses and Deferred Charges$97,766$21,898▼ $75,868
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$10,365,247$31,392,563▲ $21,027,316
Other Assets Total$535,129$14,795,058▲ $14,259,929
Liabilities
Tax Exempt Bond Liabilities$4,810,000$30,442,865▲ $25,632,865
Accounts Payable and Accrued Expenses$742,156$979,624▲ $237,468
Mortgage Notes Payable Secured by Investment Property$3,493,229$168,448▼ $3,324,781
Deferred Revenue$103,895$100,911▼ $2,984
Total Liabilities$9,149,280$31,691,848▲ $22,542,568
Net Assets / Fund Balance
Unrestricted Net Assets$1,215,967$-299,285▼ $1,515,252
Total Net Assets Fund Balance$1,215,967$-299,285▼ $1,515,252
Total Liabilities and Net Assets / Fund Balance$10,365,247$31,392,563▲ $21,027,316

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,351,076$1,334,340$11,685,416
Other Land Buildings$1,828,718$1,013,128$2,841,846
Land$1,749,832-$1,749,832
Equipment$18,781$15,364$34,145
Other Assets Org$13,710,707--
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Randal ShafferCEOFT$290,752$26,858$317,610
Shedera MorrisonAsst. Super.FT$151,865$24,310$176,175
John IngramSee Sch OFT$81,764$22,905$104,669
Julia GomezDirectorFT$52,467$4,198$56,665

Board Members and Trustees

NameTitle
Loren HitchcockChairman
Kenneth PetreeDirector
Steve MccuneDirector
Brandon DuckCFO eff 3/31/14

Highest Paid Contractors

ContractorServicesLocationCompensation
Twelve OaksStudent Food Service-$577,479
Hale MillsGeneral Contractor-$361,211
Invo Healthcare AssociatesStudent Assesments-$166,148
Butler CohenGeneral Contractor-$137,649
Revenue and Support

Revenue Composition

Contributions and Grants
$15,760,455
Program Service Revenue
$114,692
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$231,938

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory1$41,272Fair Market Value (FMV)
Total Noncash Contributions1$41,272-

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,875,147
Total Revenue per Audited Statements
$15,875,147
Total Revenue per Form 990
$15,875,147
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,436,141
Other Expenses$5,207,068
Total Fundraising Expense$25,827
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,701,870$1,353,940-$9,055,810
Occupancy-$1,095,889-$1,095,889
Depreciation Depletion$745,483$26,974-$772,457
Interest-$653,702-$653,702
Fees for Services Other$268,950$374,138-$643,088
Other Employee Benefits$473,251$134,352-$607,603
Current Officers, Directors, Trustees, and Key Employees$52,000$395,256-$447,256
Pension Plan Contributions$174,150$14,732-$188,882
Payroll Taxes$112,214$24,376-$136,590
Insurance$39,405$95,781-$135,186
Other Expenses$71,253$61,799$25,827$133,052
Fees for Services Accounting-$50,500-$50,500
Travel$11,443$2,733-$14,176
All Other Expenses-$13,951-$13,951
Office Expenses-$5,748-$5,748
Fees for Services Legal-$1,090-$1,090
Total Functional Expenses$10,821,424$4,795,958$25,827$15,643,209

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$17,390,399
Expenses per Audited Statements$15,643,209
Total Expenses per Form 990$15,643,209
Expenses Not Reported on Form 990$1,747,190
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
A27-39061712014-08-15$30,524,866Project, capitalized interest,
B27-39061712014-08-15$550,000Project, capitalized interest,

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$30,524,866$435,825-$162,032
B$550,000$8,250-$444,826

Bond Financing Compliance

Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
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
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, Line 11B: Form 990 Review Process

“The Form 990 is reviewed by the CFO and CEO/Superintendent for accuracy and content. The final Form 990 is sent to the Board of Directors prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Board members recuse themselves from any vote which may seem prejudicial based upon interests.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“To determine the CEO's compensation, the Board considers relevant experience, education and the TEA's public listing of Superintendent salaries at comparable charter schools.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“To determine key employee salaries, the CEO considers education, experience and daily rate of comparable jobs within the education field.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Governing documents, policies and financial statements are available upon request.”

Filing and Contact Details

Filer

EIN
31-1614490
Phone
2149469100

Signing Officer

Name
Randal Shaffer
Title
CEO & President
Signed
2015-03-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randal Shaffer
Formed
1998
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
3
Employees
352
Volunteers
40

Preparer

Preparer
Amy Michie
Phone
8176498083
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Loss on early extinguishment of debt - legal defeasement = -$1747190”

Form 990 Pt VII, Sec A, #6, Compensation of officers, directors, etc.

“John Ingram was Director of Finance until 12-31-13.”

Financial Statement Notes

Part X : FIN48 Footnote

“GAAP requires the evaluation of tax positions taken in the course of preparing the Academy's tax returns and recognition of a tax liability (or asset) if the Academy has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service ("IRS"). Management has analyzed the tax positions taken by the Academy, and has concluded that as of August 31, 2014, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Academy's form 990, Federal Retun of Organization Exempt from Income Tax is generally subject to examination by the IRS for three years from the date of filing. As a reult, the Acedemy is no longer subject to income tax examinations by the IRS for years prior to fiscal year 2011.”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Loss on early extinguishment of debt $1747190”

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IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt5SEE SCH O
IRS990/Form990PartVIISectionAGrp/TitleTxt6CFO eff 3/31/14
IRS990/Form990PartVIISectionAGrp/TitleTxt7Asst. Super.
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IRS990/FormationYr01998
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IRS990/FundraisingActivitiesInd0false
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IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
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IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt095781
IRS990/InsuranceGrp/ProgramServicesAmt039405
IRS990/InsuranceGrp/TotalAmt0135186
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt0653702
IRS990/InterestGrp/TotalAmt0653702
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
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IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02362832
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07340542
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013948407
IRS990/LandBldgEquipCostOrOtherBssAmt016311239
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IRS990/LoanOutstandingInd0false
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide a safe, disciplined learning environment in which every student can succeed. We seek to provide every student with basic tools necessary to build a solid foundation for future educational, business and social success.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03493229
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0168448
IRS990/NetAssetsOrFundBalancesBOYAmt01215967
IRS990/NetAssetsOrFundBalancesEOYAmt0-299285
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoncashContributionsAmt041272
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01095889
IRS990/OccupancyGrp/TotalAmt01095889
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05748
IRS990/OfficeExpensesGrp/TotalAmt05748
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0535129
IRS990/OtherAssetsTotalGrp/EOYAmt014795058
IRS990/OtherChangesInNetAssetsAmt0-1747190
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0134352
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0473251
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0607603
IRS990/OtherExpensesGrp/Desc0FOOD SERVICES
IRS990/OtherExpensesGrp/Desc1MATERIALS
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3Miscellaneous
IRS990/OtherExpensesGrp/FundraisingAmt025827
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0121851
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1369146
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt261799
IRS990/OtherExpensesGrp/ProgramServicesAmt0739929
IRS990/OtherExpensesGrp/ProgramServicesAmt1431476
IRS990/OtherExpensesGrp/ProgramServicesAmt271253
IRS990/OtherExpensesGrp/TotalAmt0739929
IRS990/OtherExpensesGrp/TotalAmt1579154
IRS990/OtherExpensesGrp/TotalAmt2369146
IRS990/OtherExpensesGrp/TotalAmt3133052
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01353940
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07701870
IRS990/OtherSalariesAndWagesGrp/TotalAmt09055810
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt024376
IRS990/PayrollTaxesGrp/ProgramServicesAmt0112214
IRS990/PayrollTaxesGrp/TotalAmt0136590
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt014732
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0174150
IRS990/PensionPlanContributionsGrp/TotalAmt0188882
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt097766
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021898
IRS990/PrincipalOfficerNm0RANDAL SHAFFER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1Other local revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt036872
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt177820
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt036872
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt177820
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt014011193
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt04861354
IRS990/PYProgramServiceRevenueAmt070012
IRS990/PYRevenuesLessExpensesAmt0-442248
IRS990/PYSalariesCompEmpBnftPaidAmt09662099
IRS990/PYTotalExpensesAmt014523453
IRS990/PYTotalRevenueAmt014081205
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0231938
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0114692
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01686241
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01600397
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt010351076
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01334340
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011685416
IRS990ScheduleD/EquipmentGrp/BookValueAmt018781
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015364
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034145
IRS990ScheduleD/ExpensesNotReportedAmt01747190
IRS990ScheduleD/ExpensesSubtotalAmt015643209
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01749832
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01749832
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01059434
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt124917
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt213710707
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEBT ISSUANCE COSTS, NET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Restricted Cash & CE held by bond truste
IRS990ScheduleD/OtherExpensesIncludedAmt01747190
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01828718
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01013128
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02841846
IRS990ScheduleD/RevenueSubtotalAmt015875147
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GAAP requires the evaluation of tax positions taken in the course of preparing the Academy's tax returns and recognition of a tax liability (or asset) if the Academy has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service ("IRS"). Management has analyzed the tax positions taken by the Academy, and has concluded that as of August 31, 2014, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Academy's form 990, Federal Retun of Organization Exempt from Income Tax is generally subject to examination by the IRS for three years from the date of filing. As a reult, the Acedemy is no longer subject to income tax examinations by the IRS for years prior to fiscal year 2011.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON EARLY EXTINGUISHMENT OF DEBT $1747190
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013948407
IRS990ScheduleD/TotalBookValueOtherAssetsAmt014795058
IRS990ScheduleD/TotalExpensesPerForm990Amt015643209
IRS990ScheduleD/TotalRevenuePerForm990Amt015875147
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015875147
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017390399
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,392,563
Liabilities
$31,691,848
Net assets
-$299,285
Revenue
$15,875,147
Expenses
$15,643,209
Net income
$231,938
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$294$247$47.0$96.4$86.2$10.1
2023Detailed filing. Detailed filing data is available for this year.$235$199$36.8$67.7$66.9$0.79
2022Detailed filing. Detailed filing data is available for this year.$147$111$36.0$57.4$51.7$5.70
2021Detailed filing. Detailed filing data is available for this year.$107$76.1$30.7$54.4$43.5$11.0
2020Detailed filing. Detailed filing data is available for this year.$104$84.0$19.7$43.0$36.8$6.17
2019Detailed filing. Detailed filing data is available for this year.$63.2$49.7$13.6$37.3$32.8$4.56
2018Detailed filing. Detailed filing data is available for this year.$53.1$46.2$6.84$30.8$26.6$4.13
2017Detailed filing. Detailed filing data is available for this year.$33.6$30.9$2.71$26.6$23.9$2.66
2016Detailed filing. Detailed filing data is available for this year.$32.5$32.4$0.05$22.3$22.0$0.26
2015Detailed filing. Detailed filing data is available for this year.$32.2$32.4$0.20$17.2$17.1$0.09
2014Detailed filing. Detailed filing data is available for this year.$31.4$31.7$0.30$15.9$15.6$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$9.15$1.22$14.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$9.20$1.66$12.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.96$6.69$2.27$13.2