Civic Intelligence

Morning Star Academy

990 • Fiscal year 2016 • EIN 45-1593367

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 09, 2016

PO Box 236Bonham, TX 75418

(903) 583-5974

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

19th percentile

0.06x

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

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

6th percentile

-47%

Higher net margin than 6% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

14th percentile

$51,923

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

27th percentile

-2.7%

Faster asset growth than 27% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-71%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$24,947,515

Down $681,445 (-2.7%) from 2015

Net Assets

Down

$24,851,990

Down $705,329 (-2.8%) from 2015

Liabilities

Up

$95,525

Up $23,884 (+33%) from 2015

Revenue

Down

$1,489,746

Down $3,607,363 (-71%) from 2015

Expenses

Up

$2,195,739

Up $285,535 (+15%) from 2015

Net Income

Down

-$705,993

Down $3,892,898 (-122%) from 2015

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2012: $2,864,449Liabilities 2012: $500Net Assets 2012: $2,863,9492012Assets 2013: $17,108,801Liabilities 2013: $13,563Net Assets 2013: $17,095,2382013Assets 2014: $22,379,155Liabilities 2014: $8,664Net Assets 2014: $22,370,4912014Assets 2015: $25,628,960Liabilities 2015: $71,641Net Assets 2015: $25,557,3192015Assets 2016: $24,947,515Liabilities 2016: $95,525Net Assets 2016: $24,851,9902016Assets 2017: $24,299,054Liabilities 2017: $80,225Net Assets 2017: $24,218,8292017Assets 2018: $23,825,162Liabilities 2018: $52,508Net Assets 2018: $23,772,6542018Assets 2019: $23,068,291Liabilities 2019: $24,114Net Assets 2019: $23,044,1772019Assets 2020: $22,273,265Liabilities 2020: $231,652Net Assets 2020: $22,041,6132020Assets 2021: $21,575,064Liabilities 2021: $5,978Net Assets 2021: $21,569,0862021Assets 2022: $21,203,372Liabilities 2022: $6,048Net Assets 2022: $21,197,3242022Assets 2023: $20,350,829Liabilities 2023: $18,175Net Assets 2023: $20,332,6542023Assets 2024: $19,830,767Liabilities 2024: $4,434Net Assets 2024: $19,826,3332024Assets 2025: $19,185,373Liabilities 2025: $64,389Net Assets 2025: $19,120,9842025

Highlighted filing

2016

Assets$24,947,515
Liabilities$95,525
Net Assets$24,851,990

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2012: $2,823,783Expenses 2012: $23,311Net Income 2012: $2,800,4722012Revenue 2013: $14,364,178Expenses 2013: $132,889Net Income 2013: $14,231,2892013Revenue 2014: $6,523,576Expenses 2014: $1,250,690Net Income 2014: $5,272,8862014Revenue 2015: $5,097,109Expenses 2015: $1,910,204Net Income 2015: $3,186,9052015Revenue 2016: $1,489,746Expenses 2016: $2,195,739Net Income 2016: -$705,9932016Revenue 2017: $1,694,813Expenses 2017: $2,337,441Net Income 2017: -$642,6282017Revenue 2018: $1,855,634Expenses 2018: $2,306,537Net Income 2018: -$450,9032018Revenue 2019: $1,535,949Expenses 2019: $2,268,438Net Income 2019: -$732,4892019Revenue 2020: $1,246,113Expenses 2020: $2,246,105Net Income 2020: -$999,9922020Revenue 2021: $1,705,156Expenses 2021: $2,198,461Net Income 2021: -$493,3052021Revenue 2022: $1,593,135Expenses 2022: $1,922,225Net Income 2022: -$329,0902022Revenue 2023: $947,005Expenses 2023: $1,863,947Net Income 2023: -$916,9422023Revenue 2024: $1,326,839Expenses 2024: $1,848,197Net Income 2024: -$521,3582024Revenue 2025: $1,320,130Expenses 2025: $2,009,361Net Income 2025: -$689,2312025

Highlighted filing

2016

Revenue$1,489,746
Expenses$2,195,739
Net Income-$705,993
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 9, 2016
Return Version
2015v2.1
Gross Receipts
$1,524,253
Mission and Program Overview

Mission

Morning star academy exists to provide a safe, nurturing environment that allows children to grow physically, spiritually and academically by integrating biblical faith and quality education into all of our childcare and academic programs.

Transforming tommorow by shaping hearts, growing minds and empowering christ-like leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$25,591,963$24,927,141▼ $664,822
Cash and Non-Interest-Bearing Accounts$36,997$20,374▼ $16,623
Total Assets$25,628,960$24,947,515▼ $681,445
Liabilities
Deferred Revenue-$92,871-
Accounts Payable and Accrued Expenses$71,641$2,654▼ $68,987
Total Liabilities$71,641$95,525▲ $23,884
Net Assets / Fund Balance
Unrestricted Net Assets$25,557,319$24,851,990▼ $705,329
Total Net Assets Fund Balance$25,557,319$24,851,990▼ $705,329
Total Liabilities and Net Assets / Fund Balance$25,628,960$24,947,515▼ $681,445

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,097,217$1,374,247$21,471,464
Other Land Buildings$2,645,998$659,765$3,305,763
Land$2,166,345-$2,166,345
Equipment$17,581$25,496$43,077
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Brandy BurnsHead of SchoFT$51,923$51,923

Board Members and Trustees

NameTitle
Carol HendrixPresident/di
Brad KisslingDirector
Brandon DonaDirector
Marshall CampbellDirector
Tamra BryanSecretary/di
Adam BarkerTreasurer/di
Revenue and Support

Revenue Composition

Contributions and Grants
$837,192
Program Service Revenue
$660,546
Investment Income
$0
Other Revenue
$-7,992
All Other Contributions
$822,040
Change in Net Assets
$-705,993

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$117,000Appraisal
Clothing and Household Goods-$5,973Fair Market Value (FMV)
Other Non Cash Contri Table4$1,009Fair Market Value (FMV)
Total Noncash Contributions5$123,982-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,231,759
Salaries, Compensation, and Employee Benefits$963,980
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$629,992$157,498-$787,490
Other Salaries and Wages$520,558$221,348-$741,906
Occupancy$166,405$41,601-$208,006
Comp Disqual Persons$72,623$18,156-$90,779
Payroll Taxes$57,036$14,259-$71,295
Current Officers, Directors, Trustees, and Key Employees$36,000$24,000-$60,000
Information Technology$30,478$7,619-$38,097
Office Expenses$12,724$6,061-$18,785
All Other Expenses$15,960--$15,960
Fees for Services Accounting-$15,784-$15,784
Advertising$9,471--$9,471
Other Expenses$6,407--$6,407
Insurance$4,751$1,188-$5,939
Conferences and Meetings$4,054$1,013-$5,067
Fees for Services Legal-$2,363-$2,363
Total Functional Expenses$1,684,849$510,890$0$2,195,739
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$26,481
Fundraising Gross Income$11,319
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Clay Shoot$9,355$3,628$10,312$-6,684
5k Event$10,335$910$6,928$-6,018
Total Events$26,471$11,319$26,481$-15,162
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
Susan CampbellSee BelowCompensationNo$43,797
Mandy BarkerSee BelowCompensationNo$32,098
Monica KisslingSee BelowCompensationNo$14,885
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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 form 990 is prepared by a third party cpa who provides the form to the organization for review. The form 990 is distributed to all board members at a special board meeting to review the form 990. Upon receiving approval, the cpa firm processes the return for signature and electronic filing with the internal revenue service.

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

Each director completes a questionnaire disclosing any family or business relationships that may present a conflict of interest. Any possible conflict of interest is disclosed at the board meetings prior to voting on the transaction or contract. Any member that has a potential conflict does not participate in the discussion and approval of the transaction.

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

Compensation for the top official is determined by evaluating outside data such as compensation surveys for comparable positions in the dallas area. The compensation is approved by the independent members of the board of directors and is documented in the minutes of the board meeting.

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

The school does not compensate any other officers or key employees other than the head of school. (see 15a)

Form 990, Page 6, Part VI, Line 19

The organization's financial statements, governing documents, and conflict of interest policy are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Morning Star Academy
EIN
45-1593367
Phone
9035835974
Address
PO BOX 236, BONHAM, TX 75418

Signing Officer

Name
Carol Hendrix
Title
President/director
Phone
9035835974
Signed
2016-09-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Hendrix
Formed
2011
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
54
Volunteers
80

Preparer

Firm
Sommerville & Associates Pc
Address
3030 MATLOCK RD STE 201, ARLINGTON, TX 76015-2936
Preparer
Elaine L Sommerville CPA
Phone
8177955046
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Morning star academy exists to provide a safe, nurturing environment that allows children to grow physically, spiritually and academically by integrating biblical faith and quality education into all of our childcare and academic programs.

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IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014259
IRS990/PayrollTaxesGrp/ProgramServicesAmt057036
IRS990/PayrollTaxesGrp/TotalAmt071295
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0CAROL HENDRIX
IRS990/PriorPeriodAdjustmentsAmt0660
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0660546
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0660546
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04594804
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt01147381
IRS990/PYOtherRevenueAmt0593
IRS990/PYProgramServiceRevenueAmt0501712
IRS990/PYRevenuesLessExpensesAmt03186905
IRS990/PYSalariesCompEmpBnftPaidAmt0762823
IRS990/PYTotalExpensesAmt01910204
IRS990/PYTotalRevenueAmt05097109
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-705993
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0435
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0670133
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt020097217
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01374247
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt021471464
IRS990ScheduleD/EquipmentGrp/BookValueAmt017581
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025496
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt043077
IRS990ScheduleD/LandGrp/BookValueAmt02166345
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02166345
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02645998
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0659765
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03305763
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024927141
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY'S NONDISCRIMINATORY POLICY IS PUBLISHED ON THE ACADEMY'S WEBSITE AND ALL PRINT MATERIALS AS WELL IN A LOCAL ELECTRONIC NEWSPAPER. IT WAS SUBSEQUENTLY PRINTED IN THE PHYSICAL COPY OF THE LOCAL NEWSPAPER.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt015152
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt09425
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt05727
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt026481
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt03175
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt03175
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm05K EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0CLAY SHOOT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt010335
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt09355
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt06781
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt026471
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0910
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt03628
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt06781
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt011319
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-15162
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt04066
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt021306
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt06928
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt010312
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0500
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt01500
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02000
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MANDY BARKER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1MONICA KISSLING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2SUSAN CAMPBELL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SEE BELOW
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1SEE BELOW
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2SEE BELOW
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt032098
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt114885
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt243797
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0COMPENSATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1COMPENSATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2COMPENSATION
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0MANDY BARKER HAS A FAMILY RELATIONSHIP WITH ADAM BARKER, TREASURER/DIRECTOR, MONICA KISSLING HAS A FAMILY RELATIONSHIP WITH BRAD KISSLING, DIRECTOR, AND SUSAN CAMPBELL HAS A FAMILY RELATIONSHIP WITH MARSHALL CAMPBELL, DIRECTOR.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NoncashContributionsRptF990Amt05973
IRS990ScheduleM/Form8283ReceivedCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt04
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0SRVCS/ENTERTAIN
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt01009
IRS990ScheduleM/RealEstateCommercialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateCommercialGrp/MethodOfDeterminingRevenuesTxt0APPRAISAL
IRS990ScheduleM/RealEstateCommercialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateCommercialGrp/NoncashContributionsRptF990Amt0117000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0PART 1, COLUMN B IS REPORTING THE NUMBER OF CONTRIBUTIONS.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE M, PAGE 2, PART II
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MORNING STAR ACADEMY EXISTS TO PROVIDE A SAFE, NURTURING ENVIRONMENT THAT ALLOWS CHILDREN TO GROW PHYSICALLY, SPIRITUALLY AND ACADEMICALLY BY INTEGRATING BIBLICAL FAITH AND QUALITY EDUCATION INTO ALL OF OUR CHILDCARE AND ACADEMIC PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY A THIRD PARTY CPA WHO PROVIDES THE FORM TO THE ORGANIZATION FOR REVIEW. THE FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS AT A SPECIAL BOARD MEETING TO REVIEW THE FORM 990. UPON RECEIVING APPROVAL, THE CPA FIRM PROCESSES THE RETURN FOR SIGNATURE AND ELECTRONIC FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DIRECTOR COMPLETES A QUESTIONNAIRE DISCLOSING ANY FAMILY OR BUSINESS RELATIONSHIPS THAT MAY PRESENT A CONFLICT OF INTEREST. ANY POSSIBLE CONFLICT OF INTEREST IS DISCLOSED AT THE BOARD MEETINGS PRIOR TO VOTING ON THE TRANSACTION OR CONTRACT. ANY MEMBER THAT HAS A POTENTIAL CONFLICT DOES NOT PARTICIPATE IN THE DISCUSSION AND APPROVAL OF THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR THE TOP OFFICIAL IS DETERMINED BY EVALUATING OUTSIDE DATA SUCH AS COMPENSATION SURVEYS FOR COMPARABLE POSITIONS IN THE DALLAS AREA. THE COMPENSATION IS APPROVED BY THE INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS AND IS DOCUMENTED IN THE MINUTES OF THE BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SCHOOL DOES NOT COMPENSATE ANY OTHER OFFICERS OR KEY EMPLOYEES OTHER THAN THE HEAD OF SCHOOL. (SEE 15A)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt025628960
IRS990/TotalAssetsEOYAmt024947515
IRS990/TotalAssetsGrp/BOYAmt025628960
IRS990/TotalAssetsGrp/EOYAmt024947515
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0837192
IRS990/TotalEmployeeCnt054
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0510890
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01684849
IRS990/TotalFunctionalExpensesGrp/TotalAmt02195739
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt071641
IRS990/TotalLiabilitiesEOYAmt095525
IRS990/TotalLiabilitiesGrp/BOYAmt071641
IRS990/TotalLiabilitiesGrp/EOYAmt095525

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$19.2$0.06$19.1$1.32$2.01$0.69
2024Detailed filing. Detailed filing data is available for this year.$19.8$0.00$19.8$1.33$1.85$0.52
2023Detailed filing. Detailed filing data is available for this year.$20.4$0.02$20.3$0.95$1.86$0.92
2022Detailed filing. Detailed filing data is available for this year.$21.2$0.01$21.2$1.59$1.92$0.33
2021Detailed filing. Detailed filing data is available for this year.$21.6$0.01$21.6$1.71$2.20$0.49
2020Detailed filing. Detailed filing data is available for this year.$22.3$0.23$22.0$1.25$2.25$1.00
2019Detailed filing. Detailed filing data is available for this year.$23.1$0.02$23.0$1.54$2.27$0.73
2018Detailed filing. Detailed filing data is available for this year.$23.8$0.05$23.8$1.86$2.31$0.45
2017Detailed filing. Detailed filing data is available for this year.$24.3$0.08$24.2$1.69$2.34$0.64
2016Detailed filing. Detailed filing data is available for this year.$24.9$0.10$24.9$1.49$2.20$0.71
2015Detailed filing. Detailed filing data is available for this year.$25.6$0.07$25.6$5.10$1.91$3.19
2014Detailed filing. Detailed filing data is available for this year.$22.4$0.01$22.4$6.52$1.25$5.27
2013Summary only. Only limited summary data is available for this year.$17.1$0.01$17.1$14.4$0.13$14.2
2012Summary only. Only limited summary data is available for this year.$2.86$0.00$2.86$2.82$0.02$2.80