Civic Intelligence

Trinity Basin Preparatory Inc.

990 • Fiscal year 2016 • EIN 31-1614490

Sep 01, 2015 to Aug 31, 2016 • Filed on Jul 12, 2017

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

93rd percentile

1.00x

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

82nd percentile

1.46x

Higher debt load relative to revenue than 82% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

44th percentile

1.2%

Higher net margin than 44% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

73rd percentile

$368,300

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

43rd percentile

0.9%

Faster asset growth than 43% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

87th percentile

29%

Faster revenue growth than 87% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$32,501,437

Up $291,183 (+0.9%) from 2015

Net Assets

Up

$52,646

Up $257,524 (+126%) from 2015

Liabilities

Up

$32,448,791

Up $33,659 (+0.1%) from 2015

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin44th percentile

Revenue

Up

$22,250,417

Up $5,043,330 (+29%) from 2015

Expenses

Up

$21,992,893

Up $4,880,213 (+29%) from 2015

Net Income

Up

$257,524

Up $163,117 (+173%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth43rd 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

2016

Assets$32,501,437
Liabilities$32,448,791
Net Assets$52,646
Open 2016 Filing

Operations Trend

Revenue Growth87th 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

2016

Revenue$22,250,417
Expenses$21,992,893
Net Income$257,524
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jul 12, 2017
Return Version
2015v3.0
Gross Receipts
$22,250,417
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$24,052,256$24,597,019▲ $544,763
Savings and Temporary Cash Investments$5,710,456$3,341,907▼ $2,368,549
Accounts Receivable$1,012,013$1,294,944▲ $282,931
Prepaid Expenses and Deferred Charges$389,345$277,351▼ $111,994
Cash and Non-Interest-Bearing Accounts-$0-
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$32,210,254$32,501,437▲ $291,183
Other Assets Total$1,046,184$2,990,216▲ $1,944,032
Liabilities
Tax Exempt Bond Liabilities$30,314,529$28,562,538▼ $1,751,991
Accounts Payable and Accrued Expenses$1,585,451$1,883,151▲ $297,700
Mortgage Notes Payable Secured by Investment Property$515,152$947,530▲ $432,378
Unsecured Notes Loans Payable-$600,000-
Other Liabilities-$455,572-
Total Liabilities$32,415,132$32,448,791▲ $33,659
Net Assets / Fund Balance
Unrestricted Net Assets$-204,878$52,646▲ $257,524
Total Net Assets Fund Balance$-204,878$52,646▲ $257,524
Total Liabilities and Net Assets / Fund Balance$32,210,254$32,501,437▲ $291,183

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,237,649$2,023,023$24,260,672
Other Land Buildings$1,052,959$1,272,227$2,325,186
Land$1,274,832-$1,274,832
Equipment$31,579$37,075$68,654
Other Assets Org$2,969,949--
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Randal ShafferCEO & PresidentFT$300,000$68,300$368,300
Robert VarnerCOOFT$122,735$19,519$142,254
James DworkinCFOFT$101,307$11,365$112,672
Julia GomezDirector-$60,466$4,237$64,703

Board Members and Trustees

NameTitle
Dana BickfordDirector
Kenneth PetreeDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Twelve Oaks CateringFood Catering10875 SHADY TRAIL 112, Dallas, TX 75220$577,479
Hale-millsConstruction3700 BUFFALO SPDWY 1100, Houston, TX 77098$361,211
Invo Healthcare AssociatesSpecial Education1780 KENDARBREN, Jamison, PA 18929$166,148
Revenue and Support

Revenue Composition

Contributions and Grants
$2,517,602
Program Service Revenue
$19,732,815
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$257,524

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$41,703Fair Market Value (FMV)
Total Noncash Contributions1$41,703-

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,250,417
Total Revenue per Audited Statements
$22,250,417
Total Revenue per Form 990
$22,250,417
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,434,007
Other Expenses$7,558,886
Total Fundraising Expense$13,836
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$11,060,089$1,415,492-$12,475,581
Occupancy$1,451,996$463,573-$1,915,569
Depreciation Depletion$1,339,672$53,718-$1,393,390
Interest-$1,068,891-$1,068,891
Current Officers, Directors, Trustees, and Key Employees-$709,721-$709,721
Other Employee Benefits$548,857$112,305-$661,162
Pension Plan Contributions$350,106$50,743-$400,849
Fees for Services Other$190,344$102,599$5,094$298,037
Insurance$59,163$204,428-$263,591
Payroll Taxes$156,106$30,588-$186,694
Travel$38,693$17,842-$56,535
Fees for Services Accounting-$44,500-$44,500
Other Expenses$7,200$14,556$8,742$21,756
Fees for Services Legal-$18,299-$18,299
Total Functional Expenses$17,216,205$4,762,852$13,836$21,992,893

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$21,992,893
Total Expenses per Audited Statements$21,992,893
Total Expenses per Form 990$21,992,893
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

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligation$455,572

Bond Issues

BondIssuerIssuedIssue PricePurpose
AArl Edu Fin Corp 2014a2014-08-15$29,457,040Finance acquisition,
BArl Edu Fin Corp 2014b2014-08-15$541,750Project, capitalized interest,

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$29,457,040--$162,032
B$541,750--$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
2017-07-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randal Shaffer
Formed
1998
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
2
Employees
454
Volunteers
350

Preparer

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

Financial Statement Notes

Part X : FIN48 Footnote

“The Academy is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (Code) and has not been classified as a private foundation as defined in the Code. Income generated from activities unrelated to the Academys exempt purposes is subject to tax under Code Section 511. The Academy had no unrelated business income for the year ended August 31, 2016. Accordingly, no provision has been made for federal income tax. GAAP requires the evaluation of tax positions taken in the course of preparing the Academys 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, 2016, 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/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt022250417
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0204428
IRS990/InsuranceGrp/ProgramServicesAmt059163
IRS990/InsuranceGrp/TotalAmt0263591
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt01068891
IRS990/InterestGrp/TotalAmt01068891
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03332325
IRS990/LandBldgEquipBasisNetGrp/BOYAmt024052256
IRS990/LandBldgEquipBasisNetGrp/EOYAmt024597019
IRS990/LandBldgEquipCostOrOtherBssAmt027929344
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/BOYAmt0515152
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0947530
IRS990/NetAssetsOrFundBalancesBOYAmt0-204878
IRS990/NetAssetsOrFundBalancesEOYAmt052646
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoncashContributionsAmt041703
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0463573
IRS990/OccupancyGrp/ProgramServicesAmt01451996
IRS990/OccupancyGrp/TotalAmt01915569
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01046184
IRS990/OtherAssetsTotalGrp/EOYAmt02990216
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0112305
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0548857
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0661162
IRS990/OtherExpensesGrp/Desc0Supplies and Materials
IRS990/OtherExpensesGrp/Desc1Operating Costs
IRS990/OtherExpensesGrp/Desc2DUES AND FEES
IRS990/OtherExpensesGrp/FundraisingAmt08742
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0344934
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1110663
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt214556
IRS990/OtherExpensesGrp/ProgramServicesAmt02000393
IRS990/OtherExpensesGrp/ProgramServicesAmt113586
IRS990/OtherExpensesGrp/ProgramServicesAmt27200
IRS990/OtherExpensesGrp/TotalAmt02354069
IRS990/OtherExpensesGrp/TotalAmt1124249
IRS990/OtherExpensesGrp/TotalAmt221756
IRS990/OtherLiabilitiesGrp/EOYAmt0455572
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01415492
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt011060089
IRS990/OtherSalariesAndWagesGrp/TotalAmt012475581
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt030588
IRS990/PayrollTaxesGrp/ProgramServicesAmt0156106
IRS990/PayrollTaxesGrp/TotalAmt0186694
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt050743
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0350106
IRS990/PensionPlanContributionsGrp/TotalAmt0400849
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0389345
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0277351
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/RelatedOrExemptFuncIncomeAmt038147
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt161368
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt219633300
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt038147
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt161368
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt219633300
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01880533
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt05464177
IRS990/PYProgramServiceRevenueAmt015326554
IRS990/PYRevenuesLessExpensesAmt094407
IRS990/PYSalariesCompEmpBnftPaidAmt011648503
IRS990/PYTotalExpensesAmt017112680
IRS990/PYTotalRevenueAmt017207087
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0257524
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt019732815
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05710456
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03341907
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/BookValueAmt022237649
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02023023
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt024260672
IRS990ScheduleD/EquipmentGrp/BookValueAmt031579
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037075
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt068654
IRS990ScheduleD/ExpensesSubtotalAmt021992893
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01274832
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01274832
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt020267
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12969949
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PROPERTY HELD FOR SALE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01052959
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01272227
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02325186
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0455572
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE OBLIGATION
IRS990ScheduleD/RevenueSubtotalAmt022250417
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Academy is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (Code) and has not been classified as a private foundation as defined in the Code. Income generated from activities unrelated to the Academys exempt purposes is subject to tax under Code Section 511. The Academy had no unrelated business income for the year ended August 31, 2016. Accordingly, no provision has been made for federal income tax. GAAP requires the evaluation of tax positions taken in the course of preparing the Academys 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, 2016, 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/TotalBookValueLandBuildingsAmt024597019
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02990216
IRS990ScheduleD/TotalExpensesPerForm990Amt021992893
IRS990ScheduleD/TotalLiabilityAmt0455572
IRS990ScheduleD/TotalRevenuePerForm990Amt022250417
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt022250417
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt021992893
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/BaseCompensationFilingOrgAmt0300000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount025000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt023485
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt019815
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RANDAL SHAFFER

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$32,501,437
Liabilities
$32,448,791
Net assets
$52,646
Revenue
$22,250,417
Expenses
$21,992,893
Net income
$257,524
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