Civic Intelligence

Trinity Basin Preparatory Inc.

990 • Fiscal year 2018 • EIN 31-1614490

Sep 01, 2017 to Aug 31, 2018 • Filed on May 01, 2019

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

88th percentile

0.87x

Higher debt load relative to assets than 88% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

81st percentile

1.50x

Higher debt load relative to revenue than 81% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

71st percentile

13%

Higher net margin than 71% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

54th percentile

$370,337

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

96th percentile

58%

Faster asset growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

74th percentile

16%

Faster revenue growth than 74% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$53,061,020

Up $19,458,717 (+58%) from 2017

Net Assets

Up

$6,840,809

Up $4,132,184 (+153%) from 2017

Liabilities

Up

$46,220,211

Up $15,326,533 (+50%) from 2017

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin71st percentile

Revenue

Up

$30,754,444

Up $4,153,472 (+16%) from 2017

Expenses

Up

$26,622,260

Up $2,677,267 (+11%) from 2017

Net Income

Up

$4,132,184

Up $1,476,205 (+56%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth96th 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

2018

Assets$53,061,020
Liabilities$46,220,211
Net Assets$6,840,809
Open 2018 Filing

Operations Trend

Revenue Growth74th 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

2018

Revenue$30,754,444
Expenses$26,622,260
Net Income$4,132,184
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
May 1, 2019
Return Version
2017v2.2
Gross Receipts
$30,754,444
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$25,169,866$36,597,615▲ $11,427,749
Savings and Temporary Cash Investments$6,397,459$10,300,423▲ $3,902,964
Accounts Receivable$1,852,213$1,881,649▲ $29,436
Prepaid Expenses and Deferred Charges$138,804$319,049▲ $180,245
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$33,602,303$53,061,020▲ $19,458,717
Other Assets Total$43,961$3,962,284▲ $3,918,323
Liabilities
Tax Exempt Bond Liabilities$27,596,390$27,557,954▼ $38,436
Mortgage Notes Payable Secured by Investment Property-$13,303,226-
Accounts Payable and Accrued Expenses$2,189,991$3,649,121▲ $1,459,130
Unsecured Notes Loans Payable-$1,200,000-
Other Liabilities$1,107,297$509,910▼ $597,387
Total Liabilities$30,893,678$46,220,211▲ $15,326,533
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,487,727$6,389,851▲ $3,902,124
Unrestricted Net Assets$220,898$450,958▲ $230,060
Total Net Assets Fund Balance$2,708,625$6,840,809▲ $4,132,184
Total Liabilities and Net Assets / Fund Balance$33,602,303$53,061,020▲ $19,458,717

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$28,773,341$3,926,423$32,699,764
Land$5,821,512-$5,821,512
Other Land Buildings$1,990,109$816,101$2,806,210
Equipment$12,653$56,001$68,654
Other Assets Org$93,191--
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Randal ShafferCEO & PresidentFT$300,000$40,337$370,337
James DworkinCFO & TreasurerFT$143,333$63,854$177,187
Robert VarnerCOO & SecretaryFT$122,000$34,593$156,593
Julia GomezDirectorFT$52,258$3,919$56,177

Board Members and Trustees

NameTitle
Loren HitchcockChairman
Kenneth PetreeVice President
Dana BickfordDirector
Mike WinemillerDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Twelve Oaks CateringFood CateringPO BOX 542585, Dallas, TX 75354$1,051,509
Superclean ServiceCustodial12024 FORESTGATE DR, Dallas, TX 75243$251,550
Revenue and Support

Revenue Composition

Contributions and Grants
$3,424,878
Program Service Revenue
$27,329,566
Investment Income
$0
Other Revenue
$0
All Other Contributions
$26,250
Change in Net Assets
$4,132,184

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$119,975Fair Market Value (FMV)
Total Noncash Contributions1$119,975-

Audited Revenue Reconciliation

Revenue per Audited Statements
$30,754,444
Total Revenue per Audited Statements
$30,754,444
Total Revenue per Form 990
$30,754,444
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$18,638,968
Other Expenses$7,983,292
Total Fundraising Expense$180,116
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$15,713,675$591,456$135,200$16,440,331
Occupancy$2,056,512$1,780-$2,058,292
Depreciation Depletion$1,526,003$6,902-$1,532,905
Interest$1,245,523--$1,245,523
Current Officers, Directors, Trustees, and Key Employees$60,921$682,646-$743,567
Other Employee Benefits$672,004$-13,636$24,383$682,751
Pension Plan Contributions$505,677$29,204$2,865$537,746
Fees for Services Other$382,525$69,111$5,356$456,992
Payroll Taxes$215,741$16,920$1,912$234,573
Insurance$74,355$132,496-$206,851
Travel$69,859$16,148-$86,007
Fees for Services Legal$77$39,799-$39,876
Fees for Services Accounting-$38,500-$38,500
Other Expenses$6,604$1,995$10,400$8,599
Total Functional Expenses$24,755,506$1,686,638$180,116$26,622,260

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$26,622,260
Total Expenses per Audited Statements$26,622,260
Total Expenses per Form 990$26,622,260
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$509,910

Bond Issues

BondIssuerIssuedIssue PricePurpose
AArl Edu Fin Corp 2014a2014-08-15$29,457,040Finance acquisition,
BBeasley Higher Ed Fin Cor2011-05-01$8,835,000SCHOOL CONSTRUCTION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$29,457,040-$402,000$162,032
B$8,835,000-$31,774-

Bond Financing Compliance

Rebate not yet due
Yes
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/President 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
2019-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randal Shaffer
Formed
1998
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
4
Employees
487
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, 2018. 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, 2018, 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/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO & President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt6COO & SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7CFO & TREASURER
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IRS990/Form990TFiledInd0false
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt03398628
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt030754444
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0132496
IRS990/InsuranceGrp/ProgramServicesAmt074355
IRS990/InsuranceGrp/TotalAmt0206851
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt01245523
IRS990/InterestGrp/TotalAmt01245523
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04798525
IRS990/LandBldgEquipBasisNetGrp/BOYAmt025169866
IRS990/LandBldgEquipBasisNetGrp/EOYAmt036597615
IRS990/LandBldgEquipCostOrOtherBssAmt041396140
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/EOYAmt013303226
IRS990/NetAssetsOrFundBalancesBOYAmt02708625
IRS990/NetAssetsOrFundBalancesEOYAmt06840809
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoncashContributionsAmt0119975
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01780
IRS990/OccupancyGrp/ProgramServicesAmt02056512
IRS990/OccupancyGrp/TotalAmt02058292
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt043961
IRS990/OtherAssetsTotalGrp/EOYAmt03962284
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt024383
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0-13636
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0672004
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0682751
IRS990/OtherExpensesGrp/Desc0Supplies and Materials
IRS990/OtherExpensesGrp/Desc1Operating Costs
IRS990/OtherExpensesGrp/Desc2DUES AND FEES
IRS990/OtherExpensesGrp/FundraisingAmt010400
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt042326
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt130991
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21995
IRS990/OtherExpensesGrp/ProgramServicesAmt02101486
IRS990/OtherExpensesGrp/ProgramServicesAmt1124544
IRS990/OtherExpensesGrp/ProgramServicesAmt26604
IRS990/OtherExpensesGrp/TotalAmt02154212
IRS990/OtherExpensesGrp/TotalAmt1155535
IRS990/OtherExpensesGrp/TotalAmt28599
IRS990/OtherLiabilitiesGrp/BOYAmt01107297
IRS990/OtherLiabilitiesGrp/EOYAmt0509910
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0135200
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0591456
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt015713675
IRS990/OtherSalariesAndWagesGrp/TotalAmt016440331
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01912
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016920
IRS990/PayrollTaxesGrp/ProgramServicesAmt0215741
IRS990/PayrollTaxesGrp/TotalAmt0234573
IRS990/PensionPlanContributionsGrp/FundraisingAmt02865
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt029204
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0505677
IRS990/PensionPlanContributionsGrp/TotalAmt0537746
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0138804
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0319049
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/RelatedOrExemptFuncIncomeAmt0112999
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt190811
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt227125756
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0112999
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt190811
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt227125756
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02831866
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-362422
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt08392100
IRS990/PYProgramServiceRevenueAmt024131528
IRS990/PYRevenuesLessExpensesAmt02655979
IRS990/PYSalariesCompEmpBnftPaidAmt015552893
IRS990/PYTotalExpensesAmt023944993
IRS990/PYTotalRevenueAmt026600972
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt04132184
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt027355816
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06397459
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010300423
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt028773341
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03926423
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt032699764
IRS990ScheduleD/EquipmentGrp/BookValueAmt012653
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056001
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt068654
IRS990ScheduleD/ExpensesSubtotalAmt026622260
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt05821512
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05821512
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03869093
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt193191
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Construction In Progress
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01990109
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0816101
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02806210
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0509910
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE OBLIGATION
IRS990ScheduleD/RevenueSubtotalAmt030754444
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, 2018. 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, 2018, 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/TotalBookValueLandBuildingsAmt036597615
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03962284
IRS990ScheduleD/TotalExpensesPerForm990Amt026622260
IRS990ScheduleD/TotalLiabilityAmt0509910
IRS990ScheduleD/TotalRevenuePerForm990Amt030754444
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt030754444
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt026622260
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/ExplanationTxt0Publicized in recruitment literature, flyers in public places, print and electronic media. Information is available in English and Spanish, as appropriate.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The 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/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$53,061,020
Liabilities
$46,220,211
Net assets
$6,840,809
Revenue
$30,754,444
Expenses
$26,622,260
Net income
$4,132,184
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