Civic Intelligence

Trinity Basin Preparatory Inc.

990 • Fiscal year 2017 • EIN 31-1614490

Sep 01, 2016 to Aug 31, 2017 • Filed on Apr 11, 2018

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

90th percentile

0.92x

Higher debt load relative to assets than 90% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

79th percentile

1.16x

Higher debt load relative to revenue than 79% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

68th percentile

10.0%

Higher net margin than 68% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

68th percentile

$332,945

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

44th percentile

3.4%

Faster asset growth than 44% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

76th percentile

20%

Faster revenue growth than 76% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$33,602,303

Up $1,100,866 (+3.4%) from 2016

Net Assets

Up

$2,708,625

Up $2,655,979 (+5045%) from 2016

Liabilities

Down

$30,893,678

Down $1,555,113 (-4.8%) from 2016

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin68th percentile

Revenue

Up

$26,600,972

Up $4,350,555 (+20%) from 2016

Expenses

Up

$23,944,993

Up $1,952,100 (+8.9%) from 2016

Net Income

Up

$2,655,979

Up $2,398,455 (+931%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth44th 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

2017

Assets$33,602,303
Liabilities$30,893,678
Net Assets$2,708,625
Open 2017 Filing

Operations Trend

Revenue Growth76th 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

2017

Revenue$26,600,972
Expenses$23,944,993
Net Income$2,655,979
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Apr 11, 2018
Return Version
2016v3.0
Gross Receipts
$29,570,921
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$24,597,019$25,169,866▲ $572,847
Savings and Temporary Cash Investments$3,341,907$6,397,459▲ $3,055,552
Accounts Receivable$1,294,944$1,852,213▲ $557,269
Prepaid Expenses and Deferred Charges$277,351$138,804▼ $138,547
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$32,501,437$33,602,303▲ $1,100,866
Other Assets Total$2,990,216$43,961▼ $2,946,255
Liabilities
Tax Exempt Bond Liabilities$28,562,538$27,596,390▼ $966,148
Accounts Payable and Accrued Expenses$1,883,151$2,189,991▲ $306,840
Other Liabilities$455,572$1,107,297▲ $651,725
Mortgage Notes Payable Secured by Investment Property$947,530--
Unsecured Notes Loans Payable$600,000--
Total Liabilities$32,448,791$30,893,678▼ $1,555,113
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$2,487,727-
Unrestricted Net Assets$52,646$220,898▲ $168,252
Total Net Assets Fund Balance$52,646$2,708,625▲ $2,655,979
Total Liabilities and Net Assets / Fund Balance$32,501,437$33,602,303▲ $1,100,866

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$21,932,044$3,022,272$24,954,316
Other Land Buildings$1,818,435$922,681$2,741,116
Land$1,399,832-$1,399,832
Equipment$19,555$49,099$68,654
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Randal ShafferCEO & PresidentFT$295,911$37,034$332,945
James DworkinCFOFT$130,432$33,453$163,885
Robert VarnerCOOFT$123,173$21,076$144,249
Julia GomezDirectorFT$51,185$4,113$55,298

Board Members and Trustees

NameTitle
Kenneth PetreeVice President
Dana BickfordDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Twelve Oaks CateringFood CateringPO BOX 542585, Dallas, TX 75354$943,918
Ras Services INCCustodial9910 MONROE DRIVE, Dallas, TX 75220$264,471
Houghton Mifflin Harcourt PublishingText Books14046 COLLECTIONS CENTER DR, Chicago, IL 60693$173,900
Invo Healthcare AssociatesSpecial Education1780 KENDARBREN, Jamison, PA 18929$132,493
Revenue and Support

Revenue Composition

Contributions and Grants
$2,831,866
Program Service Revenue
$24,131,528
Investment Income
$-362,422
Other Revenue
$0
Change in Net Assets
$2,655,979

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$81,337Fair Market Value (FMV)
Total Noncash Contributions1$81,337-

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,963,394
Revenue Not Reported on Financial Statements
$-362,422
Other Revenue Adjustments
$-362,422
Total Revenue per Audited Statements
$26,963,394
Total Revenue per Form 990
$26,600,972
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,552,893
Other Expenses$8,392,100
Total Fundraising Expense$36,663
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,341,759$1,183,971$23,270$13,549,000
Occupancy$1,790,235$216,530-$2,006,765
Depreciation Depletion$1,402,973$12,024-$1,414,997
Interest$1,206,598$22,311-$1,228,909
Current Officers, Directors, Trustees, and Key Employees$73,784$666,194-$739,978
Other Employee Benefits$582,797$47,317$3,308$633,422
Fees for Services Other$317,120$137,337$3,305$457,762
Pension Plan Contributions$373,412$53,387$477$427,276
Insurance$181,179$94,998-$276,177
Payroll Taxes$176,102$26,779$336$203,217
Travel$65,765$26,115-$91,880
Fees for Services Accounting-$50,500-$50,500
Other Expenses$15,870$2,021$352$2,021
Fees for Services Legal-$275-$275
Total Functional Expenses$20,739,068$3,169,262$36,663$23,944,993

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$23,944,993
Expenses per Audited Statements$23,751,855
Total Expenses per Audited Statements$23,751,855
Expenses Not Reported on Financial Statements$193,138
Other Expense Adjustments$193,138
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$1,107,297

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-$541,750$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
2018-04-11
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
452
Volunteers
757

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, 2017. 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, 2017, 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.”

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Loss on bond defeasance $193138”

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IRS990/Desc0Provide a well-rounded and rigorous education to our students focusing on the core academic areas of reading, writing, math, science and social studies. Expectations are very high for students and faculty in order to foster an environment of achievement and success. Teachers who are successful within our organization understand the need to reach each individual student, regardless of any perceived learning barriers. At Trinity Basin Preparatory, we believe every child can succeed, and our teachers, staff, and administrators are all dedicated to that success.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO & President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4COO
IRS990/Form990PartVIISectionAGrp/TitleTxt5CFO
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-362422
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt02831866
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt02607527
IRS990/GrossReceiptsAmt029570921
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt094998
IRS990/InsuranceGrp/ProgramServicesAmt0181179
IRS990/InsuranceGrp/TotalAmt0276177
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt022311
IRS990/InterestGrp/ProgramServicesAmt01206598
IRS990/InterestGrp/TotalAmt01228909
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03994052
IRS990/LandBldgEquipBasisNetGrp/BOYAmt024597019
IRS990/LandBldgEquipBasisNetGrp/EOYAmt025169866
IRS990/LandBldgEquipCostOrOtherBssAmt029163918
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt02969949
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/BOYAmt0947530
IRS990/NetAssetsOrFundBalancesBOYAmt052646
IRS990/NetAssetsOrFundBalancesEOYAmt02708625
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-362422
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-362422
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoncashContributionsAmt081337
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0216530
IRS990/OccupancyGrp/ProgramServicesAmt01790235
IRS990/OccupancyGrp/TotalAmt02006765
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt02990216
IRS990/OtherAssetsTotalGrp/EOYAmt043961
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03308
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt047317
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0582797
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0633422
IRS990/OtherExpensesGrp/Desc0Supplies and Materials
IRS990/OtherExpensesGrp/Desc1LOSS ON BOND DEFEASANCE
IRS990/OtherExpensesGrp/Desc2Operating Costs
IRS990/OtherExpensesGrp/Desc3DUES AND FEES
IRS990/OtherExpensesGrp/FundraisingAmt05615
IRS990/OtherExpensesGrp/FundraisingAmt1352
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0435234
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1193138
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21131
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32021
IRS990/OtherExpensesGrp/ProgramServicesAmt02211474
IRS990/OtherExpensesGrp/ProgramServicesAmt115870
IRS990/OtherExpensesGrp/TotalAmt02652323
IRS990/OtherExpensesGrp/TotalAmt1193138
IRS990/OtherExpensesGrp/TotalAmt217353
IRS990/OtherExpensesGrp/TotalAmt32021
IRS990/OtherLiabilitiesGrp/BOYAmt0455572
IRS990/OtherLiabilitiesGrp/EOYAmt01107297
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt023270
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01183971
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt012341759
IRS990/OtherSalariesAndWagesGrp/TotalAmt013549000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0336
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026779
IRS990/PayrollTaxesGrp/ProgramServicesAmt0176102
IRS990/PayrollTaxesGrp/TotalAmt0203217
IRS990/PensionPlanContributionsGrp/FundraisingAmt0477
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt053387
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0373412
IRS990/PensionPlanContributionsGrp/TotalAmt0427276
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0277351
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0138804
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/RelatedOrExemptFuncIncomeAmt073806
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt194446
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt223963276
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt073806
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt194446
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt223963276
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02517602
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt07558886
IRS990/PYProgramServiceRevenueAmt019732815
IRS990/PYRevenuesLessExpensesAmt0257524
IRS990/PYSalariesCompEmpBnftPaidAmt014434007
IRS990/PYTotalExpensesAmt021992893
IRS990/PYTotalRevenueAmt022250417
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt02655979
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt024131528
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03341907
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06397459
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/BookValueAmt021932044
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03022272
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt024954316
IRS990ScheduleD/EquipmentGrp/BookValueAmt019555
IRS990ScheduleD/EquipmentGrp/DepreciationAmt049099
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt068654
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0193138
IRS990ScheduleD/ExpensesSubtotalAmt023751855
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01399832
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01399832
IRS990ScheduleD/OtherExpensesNotIncludedAmt0193138
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01818435
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0922681
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02741116
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01107297
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE OBLIGATION
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-362422
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-362422
IRS990ScheduleD/RevenueSubtotalAmt026963394
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, 2017. 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, 2017, 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/ExplanationTxt1LOSS ON BOND DEFEASANCE $193138
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S
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IRS990ScheduleD/TotalExpensesPerForm990Amt023944993
IRS990ScheduleD/TotalLiabilityAmt01107297
IRS990ScheduleD/TotalRevenuePerForm990Amt026600972
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt026963394
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt023751855
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

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,602,303
Liabilities
$30,893,678
Net assets
$2,708,625
Revenue
$26,600,972
Expenses
$23,944,993
Net income
$2,655,979
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