Civic Intelligence

Trinity Basin Preparatory Inc.

990 • Fiscal year 2015 • EIN 31-1614490

Sep 01, 2014 to Aug 31, 2015 • Filed on Feb 18, 2016

Organization Profilewww.trinitybasin.net
400 S Zang Suite 700Dallas, TX 75208

(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.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

86th percentile

1.88x

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

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

35th percentile

0.5%

Higher net margin than 35% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

54th percentile

2.6%

Faster asset growth than 54% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

63rd percentile

8.4%

Faster revenue growth than 63% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$32,210,254

Up $817,691 (+2.6%) from 2014

Net Assets

Up

-$204,878

Up $94,407 (+32%) from 2014

Liabilities

Up

$32,415,132

Up $723,284 (+2.3%) from 2014

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin35th percentile

Revenue

Up

$17,207,087

Up $1,331,940 (+8.4%) from 2014

Expenses

Up

$17,112,680

Up $1,469,471 (+9.4%) from 2014

Net Income

Down

$94,407

Down $137,531 (-59%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth54th 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

2015

Assets$32,210,254
Liabilities$32,415,132
Net Assets-$204,878
Open 2015 Filing

Operations Trend

Revenue Growth63rd percentile

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

2015

Revenue$17,207,087
Expenses$17,112,680
Net Income$94,407
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Feb 18, 2016
Return Version
2014v6.0
Gross Receipts
$17,207,087
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$13,948,407$24,052,256▲ $10,103,849
Savings and Temporary Cash Investments$1,600,397$5,710,456▲ $4,110,059
Accounts Receivable$616,827$1,012,013▲ $395,186
Cash and Non-Interest-Bearing Accounts$409,976$0▼ $409,976
Prepaid Expenses and Deferred Charges$21,898$389,345▲ $367,447
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$31,392,563$32,210,254▲ $817,691
Other Assets Total$14,795,058$1,046,184▼ $13,748,874
Liabilities
Tax Exempt Bond Liabilities$30,442,865$30,314,529▼ $128,336
Accounts Payable and Accrued Expenses$979,624$1,490,135▲ $510,511
Mortgage Notes Payable Secured by Investment Property$168,448$515,152▲ $346,704
Deferred Revenue$100,911$95,316▼ $5,595
Total Liabilities$31,691,848$32,415,132▲ $723,284
Net Assets / Fund Balance
Unrestricted Net Assets$-299,285$-204,878▲ $94,407
Total Net Assets Fund Balance$-299,285$-204,878▲ $94,407
Total Liabilities and Net Assets / Fund Balance$31,392,563$32,210,254▲ $817,691

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,988,378$1,706,334$21,694,712
Other Land Buildings$2,268,736$1,439,507$3,708,243
Land$1,749,832-$1,749,832
Equipment$45,310$23,344$68,654
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Randal ShafferCEO & PresidentFT$325,532$17,306$342,838
Brandon DuckSee Sch OFT$107,302$17,306$124,608
Robert VarnerCOOFT$105,754$16,504$122,258
Julia GomezDirectorFT$50,205$3,014$53,219

Board Members and Trustees

NameTitle
Loren HitchcockChairman
Kenneth PetreeDirector
Steve MccuneDirector
James DworkinCFO eff 4/20/15
Revenue and Support

Revenue Composition

Contributions and Grants
$1,880,533
Program Service Revenue
$15,326,554
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$94,407

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$45,156Fair Market Value (FMV)
Total Noncash Contributions1$45,156-

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,207,087
Total Revenue per Audited Statements
$17,207,087
Total Revenue per Form 990
$17,207,087
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,648,503
Other Expenses$5,464,177
Total Fundraising Expense$37,594
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,750,628$1,289,405-$10,040,033
Occupancy$-6,969$1,402,810-$1,395,841
Depreciation Depletion$803,541$2,822-$806,363
Fees for Services Other$302,326$387,494-$689,820
Other Employee Benefits$482,285$120,836-$603,121
Interest-$588,653-$588,653
Current Officers, Directors, Trustees, and Key Employees-$527,516-$527,516
Pension Plan Contributions$278,391$47,240-$325,631
Other Expenses$93,609$75,418$37,594$169,027
Payroll Taxes$125,554$26,648-$152,202
Insurance-$56,261-$56,261
Fees for Services Accounting-$51,500-$51,500
Travel$16,679$4,124-$20,803
Fees for Services Legal-$120-$120
Total Functional Expenses$12,082,128$4,992,958$37,594$17,112,680

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,112,680
Total Expenses per Audited Statements$17,112,680
Total Expenses per Form 990$17,112,680
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
AArl Edu Fin Corp 2014a2014-08-15$30,524,866Finance acquisition,
BArl Edu Fin Corp 2014b2014-08-15$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

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
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

Filer Name
Trinity Basin Preparatory Inc
EIN
31-1614490
Phone
2149469100
Address
400 S Zang Suite 700, DALLAS, TX 75208

Signing Officer

Name
Randal Shaffer
Title
CEO & President
Signed
2016-02-18
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
354
Volunteers
498

Preparer

Firm
Sutton Frost Cary LLP
Address
600 Six Flags Dr Suite 600, Arlington, TX 76011
Preparer
Amy Michie
Phone
8176498083
Supplemental Narrative

Additional Explanations

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

“Brandon Duck was Director of Finance 3/31/2014 until 4/15/2015.”

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. Management has analyzed the tax positions taken by the Academy, and has concluded that as of August 31, 2015, 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.”

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IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03169185
IRS990/LandBldgEquipBasisNetGrp/BOYAmt013948407
IRS990/LandBldgEquipBasisNetGrp/EOYAmt024052256
IRS990/LandBldgEquipCostOrOtherBssAmt027221441
IRS990/LegalDomicileStateCd0TX
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
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/BOYAmt0168448
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0515152
IRS990/NetAssetsOrFundBalancesBOYAmt0-299285
IRS990/NetAssetsOrFundBalancesEOYAmt0-204878
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoncashContributionsAmt045156
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01402810
IRS990/OccupancyGrp/ProgramServicesAmt0-6969
IRS990/OccupancyGrp/TotalAmt01395841
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt014795058
IRS990/OtherAssetsTotalGrp/EOYAmt01046184
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0120836
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0482285
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0603121
IRS990/OtherExpensesGrp/Desc0Supplies and Materials
IRS990/OtherExpensesGrp/Desc1Operating Costs
IRS990/OtherExpensesGrp/FundraisingAmt037594
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0412111
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt175418
IRS990/OtherExpensesGrp/ProgramServicesAmt01236084
IRS990/OtherExpensesGrp/ProgramServicesAmt193609
IRS990/OtherExpensesGrp/TotalAmt01685789
IRS990/OtherExpensesGrp/TotalAmt1169027
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01289405
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08750628
IRS990/OtherSalariesAndWagesGrp/TotalAmt010040033
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026648
IRS990/PayrollTaxesGrp/ProgramServicesAmt0125554
IRS990/PayrollTaxesGrp/TotalAmt0152202
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt047240
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0278391
IRS990/PensionPlanContributionsGrp/TotalAmt0325631
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021898
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0389345
IRS990/PrincipalOfficerNm0RANDAL SHAFFER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1Other local revenue
IRS990/ProgramServiceRevenueGrp/Desc2State Program Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt050998
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt150703
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt215224853
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt050998
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt150703
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt215224853
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt015760455
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt05207068
IRS990/PYProgramServiceRevenueAmt0114692
IRS990/PYRevenuesLessExpensesAmt0231938
IRS990/PYSalariesCompEmpBnftPaidAmt010436141
IRS990/PYTotalExpensesAmt015643209
IRS990/PYTotalRevenueAmt015875147
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt094407
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt015326554
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01600397
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05710456
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/BookValueAmt019988378
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01706334
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt021694712
IRS990ScheduleD/EquipmentGrp/BookValueAmt045310
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023344
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt068654
IRS990ScheduleD/ExpensesSubtotalAmt017112680
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01749832
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01749832
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02268736
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01439507
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03708243
IRS990ScheduleD/RevenueSubtotalAmt017207087
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. Management has analyzed the tax positions taken by the Academy, and has concluded that as of August 31, 2015, 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024052256
IRS990ScheduleD/TotalExpensesPerForm990Amt017112680
IRS990ScheduleD/TotalRevenuePerForm990Amt017207087
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt017207087
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017112680
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The Academy receives financial assistance from the U.S. Department of Education and the U.S. Department of Agriculture passed through the Texas Education Agency.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Publicized in recruitment literature, flyers in public places, print and electronic media. Information is available in English and Spanish, as appropriate.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0325532
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt017306
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RANDAL SHAFFER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO & President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0342838
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0SCHEDULE K, PART 1, A, COLUMN (F)- DESCRIPTION OF PURPOSE CONT.Construction and renovation of facilities, refinance debt and fund debt issue costs.SCHEDULE K, PART 1, B, COLUMN (F) - DESCRIPTION OF PURPOSE CONT.COST OF ISSUANCE, UNDERWRITER'S DISCOUNT.SCHEDULE K, PART II, LINE 15, COLUMN (A) - SERIES 2014 BONDS-ADVANCE REFUNDING OF THE SERIES 2009 BONDS.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd1false

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,210,254
Liabilities
$32,415,132
Net assets
-$204,878
Revenue
$17,207,087
Expenses
$17,112,680
Net income
$94,407
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