Civic Intelligence

Morning Star Academy

990 • Fiscal year 2021 • EIN 45-1593367

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 07, 2022

Organization ProfileWWW.MORNINGSTARLIONS.ORG
1510 W Fm 898Bonham, TX 75418

(903) 583-5974

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

8th percentile

0.00x

Higher debt load relative to revenue than 8% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

7th percentile

-29%

Higher net margin than 7% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

17th percentile

$58,337

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

14th percentile

-3.1%

Faster asset growth than 14% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

74th percentile

37%

Faster revenue growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets6th percentile

Assets

Down

$21,575,064

Down $698,201 (-3.1%) from 2020

Net Assets

Down

$21,569,086

Down $472,527 (-2.1%) from 2020

Liabilities

Down

$5,978

Down $225,674 (-97%) from 2020

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin7th percentile

Revenue

Up

$1,705,156

Up $459,043 (+37%) from 2020

Expenses

Down

$2,198,461

Down $47,644 (-2.1%) from 2020

Net Income

Up

-$493,305

Up $506,687 (+51%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

2021

Assets$21,575,064
Liabilities$5,978
Net Assets$21,569,086
Open 2021 Filing

Operations Trend

Revenue Growth74th percentile

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

2021

Revenue$1,705,156
Expenses$2,198,461
Net Income-$493,305
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 7, 2022
Return Version
2020v4.0
Gross Receipts
$1,728,054
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 tomorrow by shaping hearts, growing minds and empowering christ-like leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,133,241$21,388,055▼ $745,186
Investments in Publicly Traded Securities$115,328$124,837▲ $9,509
Cash and Non-Interest-Bearing Accounts$24,240$62,047▲ $37,807
Total Assets$22,273,265$21,575,064▼ $698,201
Other Assets Total$456$125▼ $331
Liabilities
Unsecured Notes Loans Payable$204,730--
Deferred Revenue$21,964--
Accounts Payable and Accrued Expenses$4,958$5,978▲ $1,020
Total Liabilities$231,652$5,978▼ $225,674
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$21,917,751$21,444,249▼ $473,502
Net Assets With Donor Restrictions$123,862$124,837▲ $975
Total Net Assets Fund Balance$22,041,613$21,569,086▼ $472,527
Total Liabilities and Net Assets / Fund Balance$22,273,265$21,575,064▼ $698,201

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,692,712$4,082,891$21,775,603
Other Land Buildings$1,512,136$1,842,514$3,354,650
Land$2,166,345-$2,166,345
Equipment$16,862$60,467$77,329
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brandy BurnsHead of SchoFT$54,594$3,743$58,337

Board Members and Trustees

NameTitle
Carol HendrixPresident/di
Linda CookSecretary/di
James K StevensVP/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,070,506
Program Service Revenue
$620,987
Investment Income
$10,490
Other Revenue
$3,173
All Other Contributions
$843,485
Change in Net Assets
$-493,305
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,305,164
Salaries, Compensation, and Employee Benefits$893,297
Total Fundraising Expense$482
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$623,247$155,812-$779,059
Other Salaries and Wages$603,146$108,841-$711,987
Occupancy$208,206$52,051-$260,257
Current Officers, Directors, Trustees, and Key Employees-$71,116-$71,116
Information Technology$47,710$11,927-$59,637
Payroll Taxes$38,730$16,599-$55,329
Other Employee Benefits$39,285$15,580-$54,865
Office Expenses$20,424$11,672-$32,096
Fees for Services Accounting-$17,923-$17,923
Fees for Services Legal-$13,142-$13,142
Fees for Services Other$121$11,294-$11,415
Other Expenses$10,656--$10,656
Conferences and Meetings$5,797--$5,797
Travel$5,174--$5,174
Insurance$2,210$947-$3,157
Advertising$1,929-$482$2,411
Fees for Service Investment Mgmnt Fees-$1,288-$1,288
Total Functional Expenses$1,709,787$488,192$482$2,198,461
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,557
Fundraising Direct Expenses$1,439
Professional Fundraising Fees$0
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
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
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, 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
1510 W FM 898, BONHAM, TX 75418

Signing Officer

Name
Carol Hendrix
Title
President/director
Phone
9035835974
Signed
2022-04-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Hendrix
Formed
2011
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
45
Volunteers
10

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.”

Raw XML Appendix382 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/EquipmentGrp/BookValueAmt016862
IRS990ScheduleD/EquipmentGrp/DepreciationAmt060467
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt077329
IRS990ScheduleD/LandGrp/BookValueAmt02166345
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02166345
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01842514
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY'S NONDISCRIMINATORY POLICY IS PUBLISHED ON THE ACADEMY'S WEBSITE AND SOCIAL MEDIA PLATFORMS AS WELL AS ALL PRINT MATERIALS. IT IS ANNUALLY LISTED IN A LOCAL ELECTRONIC NEWSPAPER AND IT SUBSEQUENTLY PRINTED IN THE PHYSICAL COPY OF THE LOCAL NEWSPAPER.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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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
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0482
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0488192
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01709787
IRS990/TotalFunctionalExpensesGrp/TotalAmt02198461
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt021569086
IRS990/TotalOtherCompensationAmt03743
IRS990/TotalProgramServiceExpensesAmt01709787
IRS990/TotalProgramServiceRevenueAmt0620987
IRS990/TotalReportableCompFromOrgAmt054594
IRS990/TotalRevenueGrp/ExclusionAmt011608
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0623042
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01705156
IRS990/TotalVolunteersCnt010
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021575064
IRS990/TravelGrp/ProgramServicesAmt05174
IRS990/TravelGrp/TotalAmt05174
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0204730
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0BONHAM
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IRS990/USAddress/ZIPCd075418
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IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.MORNINGSTARLIONS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROL HENDRIX
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09035835974
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-07
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SOMMERVILLE & ASSOCIATES PC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ARLINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0760152936
ReturnHeader/PreparerPersonGrp/PhoneNum08177955046
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELAINE L SOMMERVILLE CPA
ReturnHeader/ReturnTs02022-04-08T11:20:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CAROL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HENDRIX
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,575,064
Liabilities
$5,978
Net assets
$21,569,086
Revenue
$1,705,156
Expenses
$2,198,461
Net income
-$493,305
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
Peer Organizations

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