Civic Intelligence

Winfree Academy Charter Schools

990 • Fiscal year 2018 • EIN 31-1686000

Sep 01, 2017 to Aug 31, 2018 • Filed on Mar 13, 2019

Organization ProfileWWW.WINFREEACADEMY.COM
1555 Valwood Pkwy Suite 160Carrollton, TX 75006

(972) 869-3250

Siviq Scores

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

Liabilities / Assets

89th percentile

0.89x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

75th percentile

0.78x

Higher debt load relative to revenue than 75% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

40th percentile

0.9%

Higher net margin than 40% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

37th percentile

$139,957

Higher top officer pay than 37% of similar nonprofits.

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

42nd percentile

0.2%

Faster asset growth than 42% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

38th percentile

0.4%

Faster revenue growth than 38% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$9,111,961

Up $16,743 (+0.2%) from 2017

Net Assets

Up

$1,024,343

Up $89,742 (+9.6%) from 2017

Liabilities

Down

$8,087,618

Down $72,999 (-0.9%) from 2017

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin40th percentile

Revenue

Up

$10,404,581

Up $41,232 (+0.4%) from 2017

Expenses

Down

$10,314,839

Down $70,371 (-0.7%) from 2017

Net Income

Up

$89,742

Up $111,603 (+511%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $10,943,122Liabilities 2010: $9,618,317Net Assets 2010: $1,324,8052010Assets 2011: $10,022,237Liabilities 2011: $8,761,068Net Assets 2011: $1,261,1692011Assets 2012: $9,778,378Liabilities 2012: $8,446,570Net Assets 2012: $1,331,8082012Assets 2013: $9,289,246Liabilities 2013: $8,351,079Net Assets 2013: $938,1672013Assets 2014: $8,550,381Liabilities 2014: $8,314,081Net Assets 2014: $236,3002014Assets 2015: $8,351,582Liabilities 2015: $8,259,417Net Assets 2015: $92,1652015Assets 2016: $9,233,125Liabilities 2016: $8,276,663Net Assets 2016: $956,4622016Assets 2017: $9,095,218Liabilities 2017: $8,160,617Net Assets 2017: $934,6012017Assets 2018: $9,111,961Liabilities 2018: $8,087,618Net Assets 2018: $1,024,3432018Assets 2019: $10,655,224Liabilities 2019: $9,306,722Net Assets 2019: $1,348,5022019Assets 2020: $12,620,409Liabilities 2020: $10,708,180Net Assets 2020: $1,912,2292020Assets 2021: $12,943,663Liabilities 2021: $10,378,619Net Assets 2021: $2,565,0442021Assets 2024: $15,073,959Liabilities 2024: $13,351,434Net Assets 2024: $1,722,5252024

Highlighted filing

2018

Assets$9,111,961
Liabilities$8,087,618
Net Assets$1,024,343
Open 2018 Filing

Operations Trend

Revenue Growth38th percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $15,453,6122010Expenses 2011: $12,785,1702011Expenses 2012: $11,442,7332012Expenses 2013: $12,019,9512013Revenue 2014: $11,287,320Expenses 2014: $11,989,187Net Income 2014: -$701,8672014Revenue 2015: $10,300,859Expenses 2015: $10,444,994Net Income 2015: -$144,1352015Revenue 2016: $10,860,519Expenses 2016: $9,996,222Net Income 2016: $864,2972016Revenue 2017: $10,363,349Expenses 2017: $10,385,210Net Income 2017: -$21,8612017Revenue 2018: $10,404,581Expenses 2018: $10,314,839Net Income 2018: $89,7422018Revenue 2019: $11,212,939Expenses 2019: $10,863,007Net Income 2019: $349,9322019Revenue 2020: $12,595,642Expenses 2020: $12,031,915Net Income 2020: $563,7272020Revenue 2021: $11,352,122Expenses 2021: $10,699,307Net Income 2021: $652,8152021Revenue 2024: $11,795,475Expenses 2024: $12,770,618Net Income 2024: -$975,1432024

Highlighted filing

2018

Revenue$10,404,581
Expenses$10,314,839
Net Income$89,742
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Mar 13, 2019
Return Version
2017v2.3
Gross Receipts
$10,404,581
Mission and Program Overview

Mission

To create a supportive, safe environment that motivates, educates and trains students so they can graduate from high school prepared with the skills and abilities needed for higher education, employment and life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,735,001$5,563,510▼ $171,491
Cash and Non-Interest-Bearing Accounts$1,447,200$2,657,214▲ $1,210,014
Savings and Temporary Cash Investments$1,043,574--
Accounts Receivable$741,286$782,511▲ $41,225
Prepaid Expenses and Deferred Charges$102,562$83,131▼ $19,431
Total Assets$9,095,218$9,111,961▲ $16,743
Other Assets Total$25,595$25,595→ $0
Liabilities
Tax Exempt Bond Liabilities$7,570,000$7,435,000▼ $135,000
Accounts Payable and Accrued Expenses$590,617$652,618▲ $62,001
Total Liabilities$8,160,617$8,087,618▼ $72,999
Net Assets / Fund Balance
Temporarily Rstr Net Assets$796,902$868,465▲ $71,563
Unrestricted Net Assets$137,699$155,878▲ $18,179
Total Net Assets Fund Balance$934,601$1,024,343▲ $89,742
Total Liabilities and Net Assets / Fund Balance$9,095,218$9,111,961▲ $16,743

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,837,553$1,869,441$5,706,994
Land$1,524,588-$1,524,588
Leasehold Improvements$183,903$979,874$1,163,777
Other Land Buildings$4,776$328,034$332,810
Equipment$12,690$115,648$128,338
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Brandy SchottCEO/superintFT$139,957$139,957

Board Members and Trustees

NameTitle
Kelley MooreBoard Chair
Adriana GomezVice Chair
Mikeela HudsonBoard Member
Susan YoungerCommunity Me
June ShrewsburySecretary
Greg WardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,404,581
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$18,179
Change in Net Assets
$89,742

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,404,581
Total Revenue per Audited Statements
$10,404,581
Total Revenue per Form 990
$10,404,581
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,678,213
Other Expenses$3,636,626
Total Fundraising Expense$63,668
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,378,002$464,141$46,488$5,888,631
Occupancy$837,887--$837,887
Interest$674,930--$674,930
Other Employee Benefits$330,200$38,927$4,019$373,146
Pension Plan Contributions$166,261$17,605$879$184,745
Depreciation Depletion$164,368$8,313-$172,681
Current Officers, Directors, Trustees, and Key Employees-$139,957-$139,957
All Other Expenses$122,505-$11,880$134,385
Payroll Taxes$81,332$10,000$402$91,734
Insurance-$71,889-$71,889
Other Expenses$55,549--$55,549
Travel$35,443$12,757-$48,200
Fees for Services Accounting-$22,500-$22,500
Fees for Services Legal-$18,084-$18,084
Total Functional Expenses$9,446,998$804,173$63,668$10,314,839

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,314,839
Total Expenses per Audited Statements$10,314,839
Total Expenses per Form 990$10,314,839
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
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ALa Vernia Higher Educ Finance Corp2009-01-01$8,305,000Acquisition and construction of property and equipment

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$7,727,850$2,960,402$615,000$577,150

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
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, Page 6, Part VI, Line 11B

“Form 990 tax return is prepared by outside accountants and reviewed by management. Management provides form 990 to the board of directors who review and then approve the return. The return is then signed by the superintendent/ceo.”

Form 990, Page 6, Part VI, Line 12C

“The officers and directors are required to annually disclose any substantial interests in a business entity or real property that may receive a special economic benefit as defined in chapter 171 of the texas local government code.”

Form 990, Page 6, Part VI, Line 15A

“Office compensation schedules are prepard by the superintendent/ceo and then voted on by the independent members of the board. Comparability data is reviewed by the board. The actions of the board are memorialized in the minutes of the meeting.”

Form 990, Page 6, Part VI, Line 15B

“Office compensation schedules are prepard by the superintendent/ceo and then voted on by the independent members of the board. Comparability data is reviewed by the board. The actions of the board are memorialized in the minutes of the meeting.”

Form 990, Page 6, Part VI, Line 19

“All financial statements are provided to the texas education agency. The agency posts all audited financial statements to their website for public inspection.”

Filing and Contact Details

Filer

Filer Name
Winfree Academy Charter Schools
EIN
31-1686000
Phone
9728693250
Address
1555 VALWOOD PKWY SUITE 160, CARROLLTON, TX 75006

Signing Officer

Name
Brandy Schott
Title
CEO/superintendent
Phone
9728693250
Signed
2019-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brandy Schott
Formed
2000
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
169

Preparer

Firm
Evans & Knauth Pllc
Address
4433 PUNJAB WAY STE 102, FRISCO, TX 75033-6745
Preparer
Kirk Evans CPA
Phone
9723359754
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL SOLICITATIONS IN NEWSPAPERS AND REGISTRATION MATERIALS CONTAIN THE SCHOOL'S NON-DISCRIMINATION POLICY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1SCHOOL RECEIVES MONIES FROM THE TEXAS EDUCATION AGENCY BASED ON TOTAL STUDENT AVERAGE DAILY ATTENDANCE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt08305000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0LA VERNIA HIGHER EDUC FINANCE CORP
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine2Txt0BRANDY SCHOTT
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0ACQUISITION AND CONSTRUCTION OF PROPERTY AND EQUIPMENT
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt02960402
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0615000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 TAX RETURN IS PREPARED BY OUTSIDE ACCOUNTANTS AND REVIEWED BY MANAGEMENT. MANAGEMENT PROVIDES FORM 990 TO THE BOARD OF DIRECTORS WHO REVIEW AND THEN APPROVE THE RETURN. THE RETURN IS THEN SIGNED BY THE SUPERINTENDENT/CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OFFICERS AND DIRECTORS ARE REQUIRED TO ANNUALLY DISCLOSE ANY SUBSTANTIAL INTERESTS IN A BUSINESS ENTITY OR REAL PROPERTY THAT MAY RECEIVE A SPECIAL ECONOMIC BENEFIT AS DEFINED IN CHAPTER 171 OF THE TEXAS LOCAL GOVERNMENT CODE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICE COMPENSATION SCHEDULES ARE PREPARD BY THE SUPERINTENDENT/CEO AND THEN VOTED ON BY THE INDEPENDENT MEMBERS OF THE BOARD. COMPARABILITY DATA IS REVIEWED BY THE BOARD. THE ACTIONS OF THE BOARD ARE MEMORIALIZED IN THE MINUTES OF THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICE COMPENSATION SCHEDULES ARE PREPARD BY THE SUPERINTENDENT/CEO AND THEN VOTED ON BY THE INDEPENDENT MEMBERS OF THE BOARD. COMPARABILITY DATA IS REVIEWED BY THE BOARD. THE ACTIONS OF THE BOARD ARE MEMORIALIZED IN THE MINUTES OF THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL FINANCIAL STATEMENTS ARE PROVIDED TO THE TEXAS EDUCATION AGENCY. THE AGENCY POSTS ALL AUDITED FINANCIAL STATEMENTS TO THEIR WEBSITE FOR PUBLIC INSPECTION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TravelGrp/ProgramServicesAmt035443
IRS990/TravelGrp/TotalAmt048200
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0137699
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0CARROLLTON
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IRS990/WebsiteAddressTxt0WWW.WINFREEACADEMY.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRANDY SCHOTT
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ReturnHeader/BusinessOfficerGrp/PhoneNum09728693250
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-13
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Document Assets

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Filings

Displayed year

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

Open filing
Assets
$9,111,961
Liabilities
$8,087,618
Net assets
$1,024,343
Revenue
$10,404,581
Expenses
$10,314,839
Net income
$89,742
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.1$13.4$1.72$11.8$12.8$0.98
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$10.4$2.57$11.4$10.7$0.65
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$10.7$1.91$12.6$12.0$0.56
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.7$9.31$1.35$11.2$10.9$0.35
2018Detailed filing. Detailed filing data is available for this year.$9.11$8.09$1.02$10.4$10.3$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.10$8.16$0.93$10.4$10.4$0.02
2016Detailed filing. Detailed filing data is available for this year.$9.23$8.28$0.96$10.9$10.00$0.86
2015Detailed filing. Detailed filing data is available for this year.$8.35$8.26$0.09$10.3$10.4$0.14
2014Detailed filing. Detailed filing data is available for this year.$8.55$8.31$0.24$11.3$12.0$0.70
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.29$8.35$0.94$12.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.78$8.45$1.33$11.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.0$8.76$1.26$12.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$9.62$1.32$15.5