Civic Intelligence

Hope Academy Inc.

990 • Fiscal year 2023 • EIN 41-1962874

Aug 01, 2022 to Jul 31, 2023 • Filed on Dec 15, 2023

Organization ProfileHOPESCHOOL.ORG

View Organization Page

2300 Chicago Avenue SMinneapolis, MN 55404

(612) 540-2200

Siviq Scores

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

Liabilities / Assets

19th percentile

0.03x

Higher debt load relative to assets than 19% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

12th percentile

0.04x

Higher debt load relative to revenue than 12% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

92nd percentile

57%

Higher net margin than 92% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

28th percentile

$175,478

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

93rd percentile

61%

Faster asset growth than 93% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

93rd percentile

98%

Faster revenue growth than 93% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$42,742,682

Up $16,186,748 (+61%) from 2022

Net Assets

Up

$41,613,887

Up $15,392,784 (+59%) from 2022

Liabilities

Up

$1,128,795

Up $793,964 (+237%) from 2022

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin92nd percentile

Revenue

Up

$27,043,718

Up $13,384,062 (+98%) from 2022

Expenses

Up

$11,650,934

Up $1,851,168 (+19%) from 2022

Net Income

Up

$15,392,784

Up $11,532,894 (+299%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$60M$40M$20M$0Assets 2011: $3,307,479Liabilities 2011: $1,450,130Net Assets 2011: $1,857,3492011Assets 2012: $3,873,965Liabilities 2012: $1,449,592Net Assets 2012: $2,424,3732012Assets 2013: $4,104,559Liabilities 2013: $1,455,635Net Assets 2013: $2,648,9242013Assets 2014: $4,886,739Liabilities 2014: $1,463,819Net Assets 2014: $3,422,9202014Assets 2015: $5,535,363Liabilities 2015: $2,470,585Net Assets 2015: $3,064,7782015Assets 2016: $6,354,793Liabilities 2016: $2,519,029Net Assets 2016: $3,835,7642016Assets 2017: $10,503,684Liabilities 2017: $2,591,744Net Assets 2017: $7,911,9402017Assets 2018: $14,609,608Liabilities 2018: $1,806,199Net Assets 2018: $12,803,4092018Assets 2019: $17,233,201Liabilities 2019: $524,764Net Assets 2019: $16,708,4372019Assets 2020: $19,726,791Liabilities 2020: $1,124,851Net Assets 2020: $18,601,9402020Assets 2021: $22,761,341Liabilities 2021: $266,820Net Assets 2021: $22,494,5212021Assets 2022: $26,555,934Liabilities 2022: $334,831Net Assets 2022: $26,221,1032022Assets 2023: $42,742,682Liabilities 2023: $1,128,795Net Assets 2023: $41,613,8872023Assets 2024: $38,156,559Liabilities 2024: $1,556,055Net Assets 2024: $36,600,5042024Assets 2025: $46,908,680Liabilities 2025: $2,966,856Net Assets 2025: $43,941,8242025

Highlighted filing

2023

Assets$42,742,682
Liabilities$1,128,795
Net Assets$41,613,887
Open 2023 Filing

Operations Trend

Revenue Growth93rd percentile

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

$40M$20M$0-$20MExpenses 2011: $2,524,3972011Expenses 2012: $2,698,3072012Expenses 2013: $3,164,3312013Revenue 2014: $4,274,517Expenses 2014: $3,500,521Net Income 2014: $773,9962014Revenue 2015: $3,705,610Expenses 2015: $4,063,752Net Income 2015: -$358,1422015Revenue 2016: $5,360,327Expenses 2016: $4,589,341Net Income 2016: $770,9862016Revenue 2017: $9,442,449Expenses 2017: $5,364,125Net Income 2017: $4,078,3242017Revenue 2018: $7,888,681Expenses 2018: $5,985,891Net Income 2018: $1,902,7902018Revenue 2019: $10,262,055Expenses 2019: $6,358,960Net Income 2019: $3,903,0952019Revenue 2020: $9,456,320Expenses 2020: $7,572,303Net Income 2020: $1,884,0172020Revenue 2021: $12,467,556Expenses 2021: $8,626,142Net Income 2021: $3,841,4142021Revenue 2022: $13,659,656Expenses 2022: $9,799,766Net Income 2022: $3,859,8902022Revenue 2023: $27,043,718Expenses 2023: $11,650,934Net Income 2023: $15,392,7842023Revenue 2024: $31,800,499Expenses 2024: $37,098,056Net Income 2024: -$5,297,5572024Revenue 2025: $32,111,922Expenses 2025: $24,944,149Net Income 2025: $7,167,7732025

Highlighted filing

2023

Revenue$27,043,718
Expenses$11,650,934
Net Income$15,392,784
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Dec 15, 2023
Return Version
2022v5.0
Gross Receipts
$41,719,878
Mission and Program Overview

Mission

Provide a faith-based education to inner city children

The organization operates a k-12 school in urban minneapolis which provides a classical christian education, with a goal of fostering hope in god within the inner-city neighborhoods of minneapolis by providing youth with a remarkable god-centered education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,942,397$23,022,671▲ $9,080,274
Savings and Temporary Cash Investments$5,460,288$11,494,348▲ $6,034,060
Investments Other Securities$3,575,724$3,857,507▲ $281,783
Investments in Publicly Traded Securities$280,446$1,765,176▲ $1,484,730
Pledges and Grants Receivable-$966,200-
Cash and Non-Interest-Bearing Accounts$5,892$480,626▲ $474,734
Accounts Receivable$262,446$245,511▼ $16,935
Prepaid Expenses and Deferred Charges$50,040$66,749▲ $16,709
Total Assets$26,555,934$42,742,682▲ $16,186,748
Other Assets Total$2,978,701$843,894▼ $2,134,807
Liabilities
Accounts Payable and Accrued Expenses$318,424$1,110,315▲ $791,891
Deferred Revenue$16,407$18,480▲ $2,073
Total Liabilities$334,831$1,128,795▲ $793,964
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$22,196,886$23,705,314▲ $1,508,428
Net Assets With Donor Restrictions$4,024,217$17,908,573▲ $13,884,356
Total Net Assets Fund Balance$26,221,103$41,613,887▲ $15,392,784
Total Liabilities and Net Assets / Fund Balance$26,555,934$42,742,682▲ $16,186,748

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,595,707$2,225,028$16,820,735
Other Land Buildings$7,317,633$21,182$7,338,815
Equipment$444,370$1,425,455$1,869,825
Land$664,961-$664,961
Other Securities$393,665--
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jim StigmanHead of AdvaFT$168,729$6,749$175,478
Jim StigmanHead of Advancement-$168,729$6,749$175,478
Russ GreggHead of SchoFT$114,044$10,243$124,287
John VillasHead of FinaPT$54,523$9,499$64,022

Board Members and Trustees

NameTitle
Dan OlsonPresident
Brad PieperMember
Donna HarrisMember
Hector FernandezMember
Mike BrockerMember
Robin MaynardMember
Steve TourekMember
Wayne BuggMember
Doug SmithSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$25,524,822
Program Service Revenue
$796,986
Investment Income
$635,569
Other Revenue
$86,341
All Other Contributions
$23,894,248
Change in Net Assets
$15,392,784

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded39$2,971,422Fair Market Value (FMV)
Total Noncash Contributions39$2,971,422-

Audited Revenue Reconciliation

Revenue per Audited Statements
$27,033,394
Revenue Not Reported on Financial Statements
$10,324
Revenue Not Reported on Form 990
$15,313
Other Revenue Adjustments
$10,324
Total Revenue per Audited Statements
$27,048,707
Total Revenue per Form 990
$27,043,718
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,621,415
Other Expenses$3,029,519
Total Fundraising Expense$856,462
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,243,209$402,120$536,160$7,181,489
Depreciation Depletion$728,499$7,434$7,434$743,367
Other Employee Benefits$489,567$34,239$45,652$569,458
Fees for Services Other$394,278$3,459$139,624$537,361
Payroll Taxes$388,215$27,085$36,113$451,413
Occupancy$405,252$4,840$5,115$415,207
Current Officers, Directors, Trustees, and Key Employees$189,944$12,383$16,510$218,837
Pension Plan Contributions$172,188$12,013$16,017$200,218
Information Technology$156,006$1,592$1,592$159,190
Office Expenses$122,215$8,527$11,369$142,111
All Other Expenses$81,814$24,937$27,686$134,437
Advertising$79,160-$9,598$88,758
Other Expenses$73,877$754$754$75,385
Insurance$71,703$1,270$1,480$74,453
Fees for Services Management$36,000--$36,000
Travel$30,535$360$360$31,255
Fees for Services Accounting-$18,500-$18,500
Fees for Service Investment Mgmnt Fees-$10,324-$10,324
Total Functional Expenses$10,223,637$570,835$856,462$11,650,934

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,655,923
Total Expenses per Form 990$11,650,934
Expenses per Audited Statements$11,640,610
Expenses Not Reported on Form 990$15,313
Expenses Not Reported on Financial Statements$10,324
Other Expense Adjustments$10,324
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$15,313
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Evening of Hope$101,945-$2,792-
Total Events$101,945-$15,313$-15,313
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
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 35% controlled entity
No
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

“The board of directors reviewed and approve the form 990 before filing. It is also reviewed by the head of finance and operations.”

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

“The executive director and the board of directors review and monitor all possible issues related to conflict of interest.”

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

“The executive director and the board of directors review and monitor all changes and adjustments to compensation decisions for the head of school. This process last occured september 2023.”

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

“The executive director and the board of directors review and monitor all changes and adjustments to compensation decisions for the head of school. This process last occured september 2023.”

Form 990, Page 6, Part VI, Line 18

“Any relevant documents are available upon request.”

Form 990, Page 6, Part VI, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Hope Academy Inc
EIN
41-1962874
Phone
6125402200
Address
2300 CHICAGO AVENUE S, MINNEAPOLIS, MN 55404

Signing Officer

Name
John Villas
Title
Head of Finance/ops.
Phone
6125402200
Signed
2023-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Russ Gregg
Formed
2000
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
9
Employees
207
Volunteers
235

Preparer

Firm
Boyum & Barenscheer Pllp
Address
3050 METRO DR STE 200, MINNEAPOLIS, MN 55425-1547
Preparer
Ashley Sparks
Phone
9528544244
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization operates a k-12 school in urban minneapolis which provides a classical christian education, with a goal of fostering hope in god within the inner-city neighborhoods of minneapolis by providing youth with a remarkable god-centered education.”

Form 990, Part XI, Line 9

“Special event expenses included in revenue 15,313 investment expense -10,324 special event expenses included in revenue -15,313 investment expense 10,324”

Financial Statement Notes

Schedule D, Page 3, Part X

“The academy has not been recently audited; and accordingly, the information tax returns for the past three years are open to examination. Management has evaluated its tax positions and has concluded that they do not result in anything that would require either recording or disclosure in the financial statements based on the criteria set forth in asc 740.”

Schedule D, Page 4, Part XI, Line 2D

“Special event expenses included in revenue 15,313”

Schedule D, Page 4, Part XI, Line 4B

“Investment expense 10,324”

Schedule D, Page 4, Part XII, Line 2D

“Special event expenses included in revenue 15,313”

Schedule D, Page 4, Part XII, Line 4B

“Investment expense 10,324”

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IRS990/Form990PartVIISectionAGrp/TitleTxt1HEAD OF SCHO
IRS990/Form990PartVIISectionAGrp/TitleTxt2HEAD OF FINA
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
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IRS990/InsuranceGrp/FundraisingAmt01480
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IRS990/InsuranceGrp/ProgramServicesAmt071703
IRS990/InsuranceGrp/TotalAmt074453
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ORGANIZATION OPERATES A K-12 SCHOOL IN URBAN MINNEAPOLIS WHICH PROVIDES A CLASSICAL CHRISTIAN EDUCATION, WITH A GOAL OF FOSTERING HOPE IN GOD WITHIN THE INNER-CITY NEIGHBORHOODS OF MINNEAPOLIS BY PROVIDING YOUTH WITH A REMARKABLE GOD-CENTERED EDUCATION.
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IRS990/NetAssetsOrFundBalancesEOYAmt041613887
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IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0101654
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IRS990/OfficeExpensesGrp/FundraisingAmt011369
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08527
IRS990/OfficeExpensesGrp/ProgramServicesAmt0122215
IRS990/OfficeExpensesGrp/TotalAmt0142111
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02978701
IRS990/OtherAssetsTotalGrp/EOYAmt0843894
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt045652
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt034239
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0489567
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0569458
IRS990/OtherExpensesGrp/Desc0CLASSROOM TEXTS AND SUPPL
IRS990/OtherExpensesGrp/Desc1MISSION TRIP EXPENSES
IRS990/OtherExpensesGrp/Desc2EQUIPMENT, BUILDING REPAI
IRS990/OtherExpensesGrp/Desc3REAL ESTATE TAXES
IRS990/OtherExpensesGrp/FundraisingAmt0998
IRS990/OtherExpensesGrp/FundraisingAmt1754
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0998
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1754
IRS990/OtherExpensesGrp/ProgramServicesAmt0279160
IRS990/OtherExpensesGrp/ProgramServicesAmt1184246
IRS990/OtherExpensesGrp/ProgramServicesAmt297769
IRS990/OtherExpensesGrp/ProgramServicesAmt373877
IRS990/OtherExpensesGrp/TotalAmt0279160
IRS990/OtherExpensesGrp/TotalAmt1184246
IRS990/OtherExpensesGrp/TotalAmt299765
IRS990/OtherExpensesGrp/TotalAmt375385
IRS990/OtherInd0X
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0402120
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06243209
IRS990/OtherSalariesAndWagesGrp/TotalAmt07181489
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt036113
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt027085
IRS990/PayrollTaxesGrp/ProgramServicesAmt0388215
IRS990/PayrollTaxesGrp/TotalAmt0451413
IRS990/PensionPlanContributionsGrp/FundraisingAmt016017
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012013
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0172188
IRS990/PensionPlanContributionsGrp/TotalAmt0200218
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0966200
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt050040
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt066749
IRS990/PrincipalOfficerNm0RUSS GREGG
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND SCHOOL FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0796986
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0796986
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt012781611
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02800
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IRS990/PYRevenuesLessExpensesAmt03859890
IRS990/PYSalariesCompEmpBnftPaidAmt07482139
IRS990/PYTotalExpensesAmt09799766
IRS990/PYTotalRevenueAmt013659656
IRS990/ReconcilationRevenueExpnssAmt015392784
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0101654
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt07993407
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05460288
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011494348
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
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt014595707
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02225028
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt016820735
IRS990ScheduleD/EquipmentGrp/BookValueAmt0444370
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01425455
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01869825
IRS990ScheduleD/ExpensesNotReportedAmt015313
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt010324
IRS990ScheduleD/ExpensesSubtotalAmt011640610
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0664961
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0664961
IRS990ScheduleD/OtherExpensesIncludedAmt015313
IRS990ScheduleD/OtherExpensesNotIncludedAmt010324
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07317633
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021182
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07338815
IRS990ScheduleD/OtherRevenueAmt015313
IRS990ScheduleD/OtherRevenuesNotIncludedAmt010324
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01989135
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11474707
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2393665
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CNCF CHARITABLE FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc2NCF ITSS FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/RevenueNotReportedAmt015313
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt010324
IRS990ScheduleD/RevenueSubtotalAmt027033394
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY HAS NOT BEEN RECENTLY AUDITED; AND ACCORDINGLY, THE INFORMATION TAX RETURNS FOR THE PAST THREE YEARS ARE OPEN TO EXAMINATION. MANAGEMENT HAS EVALUATED ITS TAX POSITIONS AND HAS CONCLUDED THAT THEY DO NOT RESULT IN ANYTHING THAT WOULD REQUIRE EITHER RECORDING OR DISCLOSURE IN THE FINANCIAL STATEMENTS BASED ON THE CRITERIA SET FORTH IN ASC 740.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSES INCLUDED IN REVENUE 15,313
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INVESTMENT EXPENSE 10,324
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SPECIAL EVENT EXPENSES INCLUDED IN REVENUE 15,313
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4INVESTMENT EXPENSE 10,324
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$42,742,682
Liabilities
$1,128,795
Net assets
$41,613,887
Revenue
$27,043,718
Expenses
$11,650,934
Net income
$15,392,784
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$46.9$2.97$43.9$32.1$24.9$7.17
2024Detailed filing. Detailed filing data is available for this year.$38.2$1.56$36.6$31.8$37.1$5.30
2023Detailed filing. Detailed filing data is available for this year.$42.7$1.13$41.6$27.0$11.7$15.4
2022Detailed filing. Detailed filing data is available for this year.$26.6$0.33$26.2$13.7$9.80$3.86
2021Detailed filing. Detailed filing data is available for this year.$22.8$0.27$22.5$12.5$8.63$3.84
2020Detailed filing. Detailed filing data is available for this year.$19.7$1.12$18.6$9.46$7.57$1.88
2019Detailed filing. Detailed filing data is available for this year.$17.2$0.52$16.7$10.3$6.36$3.90
2018Detailed filing. Detailed filing data is available for this year.$14.6$1.81$12.8$7.89$5.99$1.90
2017Detailed filing. Detailed filing data is available for this year.$10.5$2.59$7.91$9.44$5.36$4.08
2016Detailed filing. Detailed filing data is available for this year.$6.35$2.52$3.84$5.36$4.59$0.77
2015Detailed filing. Detailed filing data is available for this year.$5.54$2.47$3.06$3.71$4.06$0.36
2014Detailed filing. Detailed filing data is available for this year.$4.89$1.46$3.42$4.27$3.50$0.77
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.10$1.46$2.65$3.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.87$1.45$2.42$2.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.31$1.45$1.86$2.52