Civic Intelligence

Bergman Academy

990 • Fiscal year 2022 • EIN 42-1087681

Jul 01, 2021 to Jun 30, 2022 • Filed on May 10, 2023

Organization Profilewww.bergmanacademy.org

View Organization Page

100 45th StDes Moines, IA 50312

(515) 274-0453

Siviq Scores

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

Liabilities / Assets

77th percentile

0.44x

Higher debt load relative to assets than 77% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

75th percentile

0.55x

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

38th percentile

1.8%

Higher net margin than 38% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

30th percentile

-4.9%

Faster asset growth than 30% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

19th percentile

-18%

Faster revenue growth than 19% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$5,876,490

Down $303,601 (-4.9%) from 2021

Net Assets

Down

$3,319,144

Down $64,219 (-1.9%) from 2021

Liabilities

Down

$2,557,346

Down $239,382 (-8.6%) from 2021

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin38th percentile

Revenue

Down

$4,665,325

Down $1,025,679 (-18%) from 2021

Expenses

Down

$4,580,030

Down $3,217 (-0.1%) from 2021

Net Income

Down

$85,295

Down $1,022,462 (-92%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,063,927Liabilities 2011: $416,370Net Assets 2011: $1,647,5572011Assets 2012: $1,934,182Liabilities 2012: $293,382Net Assets 2012: $1,640,8002012Assets 2013: $2,013,967Liabilities 2013: $444,206Net Assets 2013: $1,569,7612013Assets 2014: $2,351,700Liabilities 2014: $706,625Net Assets 2014: $1,645,0752014Assets 2015: $2,695,773Liabilities 2015: $586,013Net Assets 2015: $2,109,7602015Assets 2016: $4,252,117Liabilities 2016: $1,919,329Net Assets 2016: $2,332,7882016Assets 2017: $5,457,858Liabilities 2017: $2,988,031Net Assets 2017: $2,469,8272017Assets 2018: $5,623,635Liabilities 2018: $2,699,983Net Assets 2018: $2,923,6522018Assets 2019: $5,500,250Liabilities 2019: $2,899,852Net Assets 2019: $2,600,3982019Assets 2020: $5,609,321Liabilities 2020: $3,501,275Net Assets 2020: $2,108,0462020Assets 2021: $6,180,091Liabilities 2021: $2,796,728Net Assets 2021: $3,383,3632021Assets 2022: $5,876,490Liabilities 2022: $2,557,346Net Assets 2022: $3,319,1442022Assets 2023: $5,798,469Liabilities 2023: $3,922,189Net Assets 2023: $1,876,2802023Assets 2024: $5,295,334Liabilities 2024: $3,912,179Net Assets 2024: $1,383,1552024

Highlighted filing

2022

Assets$5,876,490
Liabilities$2,557,346
Net Assets$3,319,144
Open 2022 Filing

Operations Trend

Revenue Growth19th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,341,789Expenses 2011: $1,372,081Net Income 2011: -$30,2922011Revenue 2012: $1,497,009Expenses 2012: $1,500,614Net Income 2012: -$3,6052012Revenue 2013: $1,436,254Expenses 2013: $1,507,294Net Income 2013: -$71,0402013Revenue 2014: $1,778,219Expenses 2014: $1,708,103Net Income 2014: $70,1162014Revenue 2015: $2,408,262Expenses 2015: $1,943,577Net Income 2015: $464,6852015Revenue 2016: $2,407,129Expenses 2016: $2,184,101Net Income 2016: $223,0282016Revenue 2017: $2,783,777Expenses 2017: $2,646,738Net Income 2017: $137,0392017Revenue 2018: $3,381,078Expenses 2018: $2,927,253Net Income 2018: $453,8252018Revenue 2019: $3,220,743Expenses 2019: $3,302,281Net Income 2019: -$81,5382019Revenue 2020: $3,262,139Expenses 2020: $3,524,420Net Income 2020: -$262,2812020Revenue 2021: $5,691,004Expenses 2021: $4,583,247Net Income 2021: $1,107,7572021Revenue 2022: $4,665,325Expenses 2022: $4,580,030Net Income 2022: $85,2952022Revenue 2023: $4,125,441Expenses 2023: $4,874,314Net Income 2023: -$748,8732023Revenue 2024: $4,723,382Expenses 2024: $5,193,890Net Income 2024: -$470,5082024

Highlighted filing

2022

Revenue$4,665,325
Expenses$4,580,030
Net Income$85,295
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 10, 2023
Return Version
2021v4.2
Gross Receipts
$4,687,780
Mission and Program Overview

Mission

Our mission is to provide an environment that nurtures total development while guiding students through the joy of life-long learning.

Provide project-based and real learning opportunities for preschool through eighth grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,950,285$3,934,822▼ $15,463
Savings and Temporary Cash Investments$879,319$1,105,797▲ $226,478
Pledges and Grants Receivable$1,144,917$701,942▼ $442,975
Accounts Receivable$125,058$47,860▼ $77,198
Prepaid Expenses and Deferred Charges$56,458$43,878▼ $12,580
Inventories for Sale or Use$6,381$26,481▲ $20,100
Cash and Non-Interest-Bearing Accounts$95$67▼ $28
Total Assets$6,180,091$5,876,490▼ $303,601
Other Assets Total$17,578$15,643▼ $1,935
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,151,554$1,932,933▼ $218,621
Deferred Revenue$245,091$248,940▲ $3,849
Other Liabilities$294,391$204,846▼ $89,545
Accounts Payable and Accrued Expenses$105,692$170,627▲ $64,935
Total Liabilities$2,796,728$2,557,346▼ $239,382
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,606,029$1,911,887▲ $305,858
Net Assets With Donor Restrictions$1,777,334$1,407,257▼ $370,077
Total Net Assets Fund Balance$3,383,363$3,319,144▼ $64,219
Total Liabilities and Net Assets / Fund Balance$6,180,091$5,876,490▼ $303,601

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,401,665$1,931,409$5,333,074
Equipment$246,751$297,344$544,095
Other Land Buildings$286,406$28,438$314,844
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christie StoverHead of SchoolFT$139,291$6,694$145,985
Christine NewtonDirector of FinanceFT$62,616$28,648$91,264

Board Members and Trustees

NameTitle
Thomas BernauChair
R Scott JohnsonPast Chair
Michelle GartnerDirector
Nate Olson-DanielDirector
Carolyn RuanDirector-At-Large
Frank LevyDirector-At-Large
Jonathan SwansonDirector-At-Large
Julie LarsonDirector-At-Large
Laird NossuliDirector-At-Large
Timothy WhippleDirector-At-Large
Yulia JohnsonDirector-At-Large
Andrew DorrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$670,939
Program Service Revenue
$3,999,232
Investment Income
$-17,716
Other Revenue
$12,870
All Other Contributions
$568,898
Change in Net Assets
$85,295

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table71$36,640Selling Price
Total Noncash Contributions71$36,640-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,687,780
Revenue Not Reported on Financial Statements
$-22,455
Revenue Not Reported on Form 990
$71,423
Other Revenue Adjustments
$-22,455
Total Revenue per Audited Statements
$4,759,203
Total Revenue per Form 990
$4,665,325
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,943,647
Other Expenses$1,467,168
Grants and Similar Amounts Paid$169,215
Total Fundraising Expense$97,753
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,058,795$220,891$22,640$2,302,326
Depreciation Depletion$307,244$16,171-$323,415
Occupancy$267,486$18,774-$286,260
Current Officers, Directors, Trustees, and Key Employees$33,954$178,605$19,038$231,597
Office Expenses$145,969$27,158$3,583$176,710
Grants to Domestic Individuals$169,215--$169,215
Payroll Taxes$125,863$22,863$2,395$151,121
Other Employee Benefits$121,732$17,412$2,013$141,157
Interest$104,400$5,495-$109,895
Pension Plan Contributions$72,115$5,582$572$78,269
Information Technology$50,542--$50,542
Comp Disqual Persons$39,177--$39,177
Fees for Services Other$34,440--$34,440
Fees for Services Accounting$24,604$4,411$490$29,505
Insurance$23,683--$23,683
Advertising$17,445$769-$18,214
All Other Expenses$12,505--$12,505
Other Expenses$105,108$7,868$47,022$7,868
Total Functional Expenses$3,920,100$562,177$97,753$4,580,030

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,823,422
Total Expenses per Form 990$4,580,030
Expenses per Audited Statements$4,410,815
Expenses Not Reported on Form 990$412,607
Expenses Not Reported on Financial Statements$169,215
Other Expense Adjustments$169,215
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Joshua AsnerFamily relationship to Yulia Johnson, Board DirectorCompensation as employeeNo$39,177
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Tuition$171,302
Interest Rate Swap$33,544
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
Yes
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
No
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 A, line 8B

“The Organization does not have a committee with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, line 11B

“The Form 990 is provided to the Board of Trustees for review before it is filed. The Director of Finance and Operations reviews the Form 990.”

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

“The conflict of interest policy applies to board Trustees, officers, administrators, faculty and other employees. Conflict statements are completed annually and are required to be disclosed by notification to the Board of Trustees. This may be the person with the conflict or any person with knowledge of a conflict. The Board of Trustees reviews any potential conflicts and provides guidance on the appropriate action needed.”

Form 990, Part VI, Section B, line 15A

“The compensation for the Head of School is reviewed and approved by the Board of Directors in a private board meeting. Compensation adjustments are based on the overall percentage approval for all staff and is comparable with other similar organizations by size and structure. The review is completed annually in May. The review and determination is documented in the personnel file. Compensation for the Director of Finance and Operations is reviewed and approved by the Head of School.”

Form 990, Part VI, Section C, line 19

“The Organization's governing documents, conflict of interest policy, and financial statements are available for review upon request at Bergman Academy's address.”

Filing and Contact Details

Filer

Filer Name
Bergman Academy
EIN
42-1087681
Phone
5152740453
Address
100 45th St, Des Moines, IA 50312

Signing Officer

Name
Andrew Dorr
Title
Chair of the Board
Phone
5152740453
Signed
2023-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christine Newton
Formed
1977
Legal Domicile
Ia
Voting Board Members
12
Independent Board Members
8
Employees
98
Volunteers
25

Preparer

Firm
Eide Bailly LLP
Address
800 Nicollet Mall Ste 1300, Minneapolis, MN 55402-7033
Preparer
Kim Hunwardsen CPA
Phone
6122536500
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Change in Value of Interest Rate Swap 243,001. Loss on uncollectible promises to give -390,152.”

Financial Statement Notes

Part X, Line 2:

“Management believes that the Academy has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements.”

Part XI, Line 2D - Other Adjustments:

“Financial aid included in revenue for financial statements -169,215. Change in value of interest rate swap included in revenue for financial stmt 243,001.”

Part XI, Line 4B - Other Adjustments:

“Loss on disposal of fixed assets included in expenses for financial stmts -20,398. Cost of goods sold included in expenses for financial statements -2,057.”

Part XII, Line 2D - Other Adjustments:

“Loss of disposal of fixed assets included in expenses for financial stmts 20,398. Cost of goods sold included in expenses for financial statements 2,057. Loss on uncollectible promises to give 390,152.”

Part XII, Line 4B - Other Adjustments:

“Financial aid included in revenue for financial statements 169,215.”

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IRS990/Desc0Bergman Academy empowers, supports, and inspires students to reach high. Reimagining the possibilities of education, our classrooms look intentionally different. Guided by our key values, lessons are challenging, yet joyful, as we encourage all children to grow as curious, creative, and ethically minded learners.We see each child as a unique learner with an individual timing of growth. Differentiated guided instruction in small classrooms allows teachers to respond to individual learning styles. Accelerated students can be challenged while remaining with their peers and participating in advanced enrichment projects. (Continued on Schedule O)We keep our classes intentionally small to benefit our learners. Small student-to-teacher ratios (7:1 preschool, 9:1 pre-kindergarten and 16:1 kindergarten-eighth grade) allow our teachers to build personal relationships with all students. We want children to love school and be excited about learning each day. From pond studies in the park, to geocaching in the woods, to visiting local cultural and educational treasures like the Civic Center and the Historical Society, students experience engaging project-based and experiential learning opportunities.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director-At-Large
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director-At-Large
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director-At-Large
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director-At-Large
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director-At-Large
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director-At-Large
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director-At-Large
IRS990/Form990PartVIISectionAGrp/TitleTxt12Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director of Finance
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01977
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-20398
IRS990/GainOrLossGrp/SecuritiesAmt0327
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt0102041
IRS990/GrantAmt0169215
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0169215
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0169215
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd01
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0327
IRS990/GrossReceiptsAmt04687780
IRS990/GrossSalesOfInventoryAmt014927
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt050542
IRS990/InformationTechnologyGrp/TotalAmt050542
IRS990/InsuranceGrp/ProgramServicesAmt023683
IRS990/InsuranceGrp/TotalAmt023683
IRS990/InterestGrp/ManagementAndGeneralAmt05495
IRS990/InterestGrp/ProgramServicesAmt0104400
IRS990/InterestGrp/TotalAmt0109895
IRS990/InventoriesForSaleOrUseGrp/BOYAmt06381
IRS990/InventoriesForSaleOrUseGrp/EOYAmt026481
IRS990/InvestmentIncomeGrp/ExclusionAmt02355
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02355
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02257191
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03950285
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03934822
IRS990/LandBldgEquipCostOrOtherBssAmt06192013
IRS990/LegalDomicileStateCd0IA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt020398
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Our mission is to provide an environment that nurtures total development while guiding students toward the joy of lifelong learning.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02151554
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01932933
IRS990/NetAssetsOrFundBalancesBOYAmt03383363
IRS990/NetAssetsOrFundBalancesEOYAmt03319144
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-20071
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-20071
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt012870
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt012870
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-2363
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01606029
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01911887
IRS990/NoncashContributionsAmt036640
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt018774
IRS990/OccupancyGrp/ProgramServicesAmt0267486
IRS990/OccupancyGrp/TotalAmt0286260
IRS990/OfficeExpensesGrp/FundraisingAmt03583
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt027158
IRS990/OfficeExpensesGrp/ProgramServicesAmt0145969
IRS990/OfficeExpensesGrp/TotalAmt0176710
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt017578
IRS990/OtherAssetsTotalGrp/EOYAmt015643
IRS990/OtherChangesInNetAssetsAmt0-147151
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02013
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt017412
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0121732
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0141157
IRS990/OtherExpensesGrp/Desc0Financial Aid Expense
IRS990/OtherExpensesGrp/Desc1Classroom Equipment
IRS990/OtherExpensesGrp/Desc2Direct Fundraising Expe
IRS990/OtherExpensesGrp/Desc3Bad Debt
IRS990/OtherExpensesGrp/FundraisingAmt047022
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt036178
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17868
IRS990/OtherExpensesGrp/ProgramServicesAmt0205823
IRS990/OtherExpensesGrp/ProgramServicesAmt1105108
IRS990/OtherExpensesGrp/TotalAmt0242001
IRS990/OtherExpensesGrp/TotalAmt1105108
IRS990/OtherExpensesGrp/TotalAmt247022
IRS990/OtherExpensesGrp/TotalAmt37868
IRS990/OtherLiabilitiesGrp/BOYAmt0294391
IRS990/OtherLiabilitiesGrp/EOYAmt0204846
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt022640
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0220891
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02058795
IRS990/OtherSalariesAndWagesGrp/TotalAmt02302326
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02395
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022863
IRS990/PayrollTaxesGrp/ProgramServicesAmt0125863
IRS990/PayrollTaxesGrp/TotalAmt0151121
IRS990/PensionPlanContributionsGrp/FundraisingAmt0572
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05582
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt072115
IRS990/PensionPlanContributionsGrp/TotalAmt078269
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01144917
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0701942
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt056458
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt043878
IRS990/PrincipalOfficerNm0Christine Newton
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0Tuition & Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03670533
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03670533
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02259235
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0168904
IRS990/PYInvestmentIncomeAmt0-519
IRS990/PYOtherExpensesAmt01572516
IRS990/PYOtherRevenueAmt03286
IRS990/PYProgramServiceRevenueAmt03429002
IRS990/PYRevenuesLessExpensesAmt01107757
IRS990/PYSalariesCompEmpBnftPaidAmt02841827
IRS990/PYTotalExpensesAmt04583247
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05691004
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt085295
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04012102
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0879319
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01105797
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0246751
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0297344
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0544095
IRS990ScheduleD/ExpensesNotReportedAmt0412607
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0169215
IRS990ScheduleD/ExpensesSubtotalAmt04410815
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03401665
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01931409
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05333074
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-2363
IRS990ScheduleD/OtherExpensesIncludedAmt0412607
IRS990ScheduleD/OtherExpensesNotIncludedAmt0169215
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0286406
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt028438
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0314844
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt033544
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1171302
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Interest Rate Swap
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Prepaid Tuition
IRS990ScheduleD/OtherRevenueAmt073786
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-22455
IRS990ScheduleD/RevenueNotReportedAmt071423
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-22455
IRS990ScheduleD/RevenueSubtotalAmt04687780
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management believes that the Academy has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Financial aid included in revenue for financial statements -169,215. Change in value of interest rate swap included in revenue for financial stmt 243,001.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Loss on disposal of fixed assets included in expenses for financial stmts -20,398. Cost of goods sold included in expenses for financial statements -2,057.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Loss of disposal of fixed assets included in expenses for financial stmts 20,398. Cost of goods sold included in expenses for financial statements 2,057. Loss on uncollectible promises to give 390,152.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Financial aid included in revenue for financial statements 169,215.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03934822
IRS990ScheduleD/TotalExpensesPerForm990Amt04580030

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,876,490
Liabilities
$2,557,346
Net assets
$3,319,144
Revenue
$4,665,325
Expenses
$4,580,030
Net income
$85,295
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.30$3.91$1.38$4.72$5.19$0.47
2023Detailed filing. Detailed filing data is available for this year.$5.80$3.92$1.88$4.13$4.87$0.75
2022Detailed filing. Detailed filing data is available for this year.$5.88$2.56$3.32$4.67$4.58$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.18$2.80$3.38$5.69$4.58$1.11
2020Detailed filing. Detailed filing data is available for this year.$5.61$3.50$2.11$3.26$3.52$0.26
2019Detailed filing. Detailed filing data is available for this year.$5.50$2.90$2.60$3.22$3.30$0.08
2018Detailed filing. Detailed filing data is available for this year.$5.62$2.70$2.92$3.38$2.93$0.45
2017Detailed filing. Detailed filing data is available for this year.$5.46$2.99$2.47$2.78$2.65$0.14
2016Detailed filing. Detailed filing data is available for this year.$4.25$1.92$2.33$2.41$2.18$0.22
2015Detailed filing. Detailed filing data is available for this year.$2.70$0.59$2.11$2.41$1.94$0.46
2014Detailed filing. Detailed filing data is available for this year.$2.35$0.71$1.65$1.78$1.71$0.07
2013Summary only. Only limited summary data is available for this year.$2.01$0.44$1.57$1.44$1.51$0.07
2012Summary only. Only limited summary data is available for this year.$1.93$0.29$1.64$1.50$1.50$0.00
2011Summary only. Only limited summary data is available for this year.$2.06$0.42$1.65$1.34$1.37$0.03