Civic Intelligence

The Academy Inc DBA Connor Academy

990 • Fiscal year 2023 • EIN 41-2193534

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 03, 2023

Organization Profilewww.academycharter.net
1295 Alpine AveChubbuck, ID 83202

(208) 232-1447

Siviq Scores

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

Liabilities / Assets

89th percentile

0.86x

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

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

Liabilities / Revenue

92nd percentile

3.85x

Higher debt load relative to revenue than 92% of similar nonprofits.

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

Net Margin

49th percentile

3.4%

Higher net margin than 49% of similar nonprofits.

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

Top Officer Pay

16th percentile

$126,180

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

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

Asset Growth

97th percentile

141%

Faster asset growth than 97% of similar nonprofits.

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

Revenue Growth

84th percentile

37%

Faster revenue growth than 84% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$26,669,924

Up $15,587,436 (+141%) from 2022

Net Assets

Up

$3,739,959

Up $201,544 (+5.7%) from 2022

Liabilities

Up

$22,929,965

Up $15,385,892 (+204%) from 2022

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin49th percentile

Revenue

Up

$5,961,044

Up $1,624,671 (+37%) from 2022

Expenses

Up

$5,759,500

Up $2,273,730 (+65%) from 2022

Net Income

Down

$201,544

Down $649,059 (-76%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$30M$20M$10M$0Assets 2011: $598,644Liabilities 2011: $157,592Net Assets 2011: $441,0522011Assets 2012: $512,803Liabilities 2012: $135,382Net Assets 2012: $377,4212012Assets 2013: $556,035Liabilities 2013: $128,525Net Assets 2013: $427,5102013Assets 2014: $704,704Liabilities 2014: $137,973Net Assets 2014: $566,7312014Assets 2015: $7,345,294Liabilities 2015: $6,963,094Net Assets 2015: $382,2002015Assets 2016: $7,583,595Liabilities 2016: $7,002,668Net Assets 2016: $580,9272016Assets 2017: $8,135,465Liabilities 2017: $7,376,926Net Assets 2017: $758,5392017Assets 2018: $8,228,911Liabilities 2018: $7,110,950Net Assets 2018: $1,117,9612018Assets 2019: $8,511,960Liabilities 2019: $6,840,372Net Assets 2019: $1,671,5882019Assets 2020: $9,138,832Liabilities 2020: $6,555,813Net Assets 2020: $2,583,0192020Assets 2021: $10,579,473Liabilities 2021: $7,891,661Net Assets 2021: $2,687,8122021Assets 2022: $11,082,488Liabilities 2022: $7,544,073Net Assets 2022: $3,538,4152022Assets 2023: $26,669,924Liabilities 2023: $22,929,965Net Assets 2023: $3,739,9592023Assets 2024: $26,593,680Liabilities 2024: $21,880,171Net Assets 2024: $4,713,5092024Assets 2025: $27,242,089Liabilities 2025: $22,756,824Net Assets 2025: $4,485,2652025

Highlighted filing

2023

Assets$26,669,924
Liabilities$22,929,965
Net Assets$3,739,959
Open 2023 Filing

Operations Trend

Revenue Growth84th percentile

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

$10M$5.0M$0-$5.0MExpenses 2011: $1,620,0472011Revenue 2012: $1,569,415Expenses 2012: $1,633,046Net Income 2012: -$63,6312012Expenses 2013: $1,469,6182013Revenue 2014: $1,510,239Expenses 2014: $1,371,018Net Income 2014: $139,2212014Revenue 2015: $1,684,689Expenses 2015: $1,436,953Net Income 2015: $247,7362015Revenue 2016: $2,502,326Expenses 2016: $2,303,599Net Income 2016: $198,7272016Revenue 2017: $2,989,482Expenses 2017: $2,811,870Net Income 2017: $177,6122017Revenue 2018: $3,505,919Expenses 2018: $3,146,497Net Income 2018: $359,4222018Revenue 2019: $3,753,478Expenses 2019: $3,199,851Net Income 2019: $553,6272019Revenue 2020: $4,215,733Expenses 2020: $3,304,302Net Income 2020: $911,4312020Revenue 2021: $3,988,475Expenses 2021: $3,910,081Net Income 2021: $78,3942021Revenue 2022: $4,336,373Expenses 2022: $3,485,770Net Income 2022: $850,6032022Revenue 2023: $5,961,044Expenses 2023: $5,759,500Net Income 2023: $201,5442023Revenue 2024: $8,245,550Expenses 2024: $7,272,000Net Income 2024: $973,5502024Revenue 2025: $7,948,794Expenses 2025: $8,177,038Net Income 2025: -$228,2442025

Highlighted filing

2023

Revenue$5,961,044
Expenses$5,759,500
Net Income$201,544
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 3, 2023
Return Version
2022v5.0
Gross Receipts
$5,961,044
Mission and Program Overview

Mission

Public Education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,399,715$13,883,902▲ $7,484,187
Savings and Temporary Cash Investments-$7,857,503-
Cash and Non-Interest-Bearing Accounts$1,966,005$2,163,905▲ $197,900
Pledges and Grants Receivable$1,662,946$1,651,310▼ $11,636
Prepaid Expenses and Deferred Charges$307,625$2,025▼ $305,600
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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$11,082,488$26,669,924▲ $15,587,436
Other Assets Total$746,197$1,111,279▲ $365,082
Liabilities
Tax Exempt Bond Liabilities-$19,125,000-
Mortgage Notes Payable Secured by Investment Property$4,917,664--
Other Liabilities$1,217,155$2,345,131▲ $1,127,976
Deferred Revenue$1,285,582$1,078,547▼ $207,035
Accounts Payable and Accrued Expenses$123,672$381,287▲ $257,615
Total Liabilities$7,544,073$22,929,965▲ $15,385,892
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,538,415$3,739,959▲ $201,544
Total Net Assets Fund Balance$3,538,415$3,739,959▲ $201,544
Total Liabilities and Net Assets / Fund Balance$11,082,488$26,669,924▲ $15,587,436

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,236,687$1,033,843$14,270,530
Land$508,991-$508,991
Equipment$138,224$181,805$320,029
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joel LovstedtAdministratorFT$112,721$13,459$126,180
Jamie AubreyAsst. AdminFT$78,156$9,332$87,488

Board Members and Trustees

NameTitle
Mark StenbergChair
Annie DixonVice Chair
Jessica WadsworthBoard Member
John CrowderBoard Member
Lance BarnesBoard Member
Rebecca AshbyBoard Member
Robin LawrenceBoard Member
Stephanie HarmonBoard Member
Dannis AdamsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,590,347
Program Service Revenue
$0
Investment Income
$370,697
Other Revenue
$0
All Other Contributions
$969,789
Change in Net Assets
$201,544

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,961,044
Total Revenue per Audited Statements
$5,961,044
Total Revenue per Form 990
$5,961,044
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,938,415
Other Expenses$2,821,085
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,032,727--$2,032,727
Interest$1,664,222--$1,664,222
Other Employee Benefits$303,636$28,424-$332,060
Pension Plan Contributions$190,556$22,721-$213,277
Current Officers, Directors, Trustees, and Key Employees-$190,290-$190,290
Payroll Taxes$155,504$14,557-$170,061
Occupancy$147,823$16,425-$164,248
Depreciation Depletion$160,736--$160,736
Fees for Services Accounting-$70,026-$70,026
Insurance$15,911$1,768-$17,679
Other Expenses$11,539$70,822-$11,539
Travel-$1,406-$1,406
Fees for Services Legal-$556-$556
Total Functional Expenses$5,342,505$416,995$0$5,759,500

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,759,500
Total Expenses per Audited Statements$5,759,500
Total Expenses per Form 990$5,759,500
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
Net Pension Liability$1,785,004
Bond Premium$552,160
Deferred Inflows - Pension Sources$7,967

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe Academy dba Connor Ac2022-07-19$19,125,000Construction of Facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$20,371,445$4,937,830-$518,709

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
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
No
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, Part VI, Section B, Line 11B

“Form 990 is reviewed by designated finance personnel and the governing board prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Monitoring and enforcing of potential conflicts of interest is performed by employees and board members disclosing annually whether any potential conflicts of interest exist.”

Form 990, Part VI, Section B, Line 15B

“All salaries, including those for management and key personnel, are integrated with the state salary funding formula and are independently reviewed, approved, and documented.”

Form 990, Part VI, Section C, Line 19

“Public information documents are made available either on the website or upon request.”

Filing and Contact Details

Filer

Filer Name
The Academy Inc
EIN
41-2193534
Phone
2082321447
Address
1295 Alpine Ave, Chubbuck, ID 83202

Signing Officer

Name
Joel Lovstedt
Title
Administrator
Signed
2023-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joel Lovstedt
Formed
2005
Legal Domicile
Id
Voting Board Members
9
Independent Board Members
9
Employees
82
Volunteers
59

Preparer

Firm
Quest Cpas Pllc
Address
11501 HIGHWAY 95, PAYETTE, ID 83661
Preparer
Timothy M Hoyt
Phone
2086421417
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IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0370697
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0370697
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01215648
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06399715
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013883902
IRS990/LandBldgEquipCostOrOtherBssAmt015099550
IRS990/LegalDomicileStateCd0ID
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Public Education.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04917664
IRS990/NetAssetsOrFundBalancesBOYAmt03538415
IRS990/NetAssetsOrFundBalancesEOYAmt03739959
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03538415
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03739959
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt016425
IRS990/OccupancyGrp/ProgramServicesAmt0147823
IRS990/OccupancyGrp/TotalAmt0164248
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0746197
IRS990/OtherAssetsTotalGrp/EOYAmt01111279
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt028424
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0303636
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0332060
IRS990/OtherExpensesGrp/Desc0Curriculum & Supplies
IRS990/OtherExpensesGrp/Desc1Student Transportation
IRS990/OtherExpensesGrp/Desc2Special Education
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt070822
IRS990/OtherExpensesGrp/ProgramServicesAmt0637394
IRS990/OtherExpensesGrp/ProgramServicesAmt122457
IRS990/OtherExpensesGrp/ProgramServicesAmt211539
IRS990/OtherExpensesGrp/TotalAmt0708216
IRS990/OtherExpensesGrp/TotalAmt122457
IRS990/OtherExpensesGrp/TotalAmt211539
IRS990/OtherLiabilitiesGrp/BOYAmt01217155
IRS990/OtherLiabilitiesGrp/EOYAmt02345131
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02032727
IRS990/OtherSalariesAndWagesGrp/TotalAmt02032727
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014557
IRS990/PayrollTaxesGrp/ProgramServicesAmt0155504
IRS990/PayrollTaxesGrp/TotalAmt0170061
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt022721
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0190556
IRS990/PensionPlanContributionsGrp/TotalAmt0213277
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01662946
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01651310
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0307625
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02025
IRS990/PrincipalOfficerNm0Joel Lovstedt
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04330295
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06078
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0828461
IRS990/PYRevenuesLessExpensesAmt0850603
IRS990/PYSalariesCompEmpBnftPaidAmt02657309
IRS990/PYTotalExpensesAmt03485770
IRS990/PYTotalRevenueAmt04336373
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0201544
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07857503
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt013236687
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01033843
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt014270530
IRS990ScheduleD/EquipmentGrp/BookValueAmt0138224
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0181805
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0320029
IRS990ScheduleD/ExpensesSubtotalAmt05759500
IRS990ScheduleD/LandGrp/BookValueAmt0508991
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0508991
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0552160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17967
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21785004
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Bond Premium
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflows - Pension Sources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net Pension Liability
IRS990ScheduleD/RevenueSubtotalAmt05961044
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013883902
IRS990ScheduleD/TotalExpensesPerForm990Amt05759500
IRS990ScheduleD/TotalLiabilityAmt02345131
IRS990ScheduleD/TotalRevenuePerForm990Amt05961044
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05961044
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05759500
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/ExplanationTxt0As a state chartered public school policy communications are the same as required for traditional public school districts and are accomplished during admissions and through ongoing publications.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The school is a state chartered public school and receives substantially all of its support from the Idaho State Department of Education.
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
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt07/19/2022 bond proceeds were $1,246,445 greater than issue price due to a bond premium of $568,379 and an equity contribution required to be paid by the School of $875,000, reduced by an underwriter's discount of 196,934.Rebate computation not yet required.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02022-07-19
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0412193534
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum045129GKN4
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt019125000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0The Academy dba Connor Ac
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Construction of Facilities
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$26,669,924
Liabilities
$22,929,965
Net assets
$3,739,959
Revenue
$5,961,044
Expenses
$5,759,500
Net income
$201,544
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.2$22.8$4.49$7.95$8.18$0.23
2024Detailed filing. Detailed filing data is available for this year.$26.6$21.9$4.71$8.25$7.27$0.97
2023Detailed filing. Detailed filing data is available for this year.$26.7$22.9$3.74$5.96$5.76$0.20
2022Detailed filing. Detailed filing data is available for this year.$11.1$7.54$3.54$4.34$3.49$0.85
2021Detailed filing. Detailed filing data is available for this year.$10.6$7.89$2.69$3.99$3.91$0.08
2020Detailed filing. Detailed filing data is available for this year.$9.14$6.56$2.58$4.22$3.30$0.91
2019Detailed filing. Detailed filing data is available for this year.$8.51$6.84$1.67$3.75$3.20$0.55
2018Detailed filing. Detailed filing data is available for this year.$8.23$7.11$1.12$3.51$3.15$0.36
2017Detailed filing. Detailed filing data is available for this year.$8.14$7.38$0.76$2.99$2.81$0.18
2016Detailed filing. Detailed filing data is available for this year.$7.58$7.00$0.58$2.50$2.30$0.20
2015Detailed filing. Detailed filing data is available for this year.$7.35$6.96$0.38$1.68$1.44$0.25
2014Detailed filing. Detailed filing data is available for this year.$0.70$0.14$0.57$1.51$1.37$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.13$0.43$1.47
2012Summary only. Only limited summary data is available for this year.$0.51$0.14$0.38$1.57$1.63$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.16$0.44$1.62