Civic Intelligence

Rivertree Academy Inc.

990 • Fiscal year 2020 • EIN 45-2668753

Aug 01, 2019 to Jul 31, 2020 • Filed on Jun 06, 2021

Organization Profilewww.rivertreeacademy.org
5443 BonnellFort Worth, TX 76107

(817) 420-9310

Siviq Scores

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

Liabilities / Assets

46th percentile

0.07x

Higher debt load relative to assets than 46% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

54th percentile

0.16x

Higher debt load relative to revenue than 54% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

41st percentile

1.5%

Higher net margin than 41% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

85th percentile

$156,439

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

42nd percentile

2.8%

Faster asset growth than 42% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

23rd percentile

-20%

Faster revenue growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$4,184,968

Up $114,120 (+2.8%) from 2019

Net Assets

Down

$3,872,580

Down $67,431 (-1.7%) from 2019

Liabilities

Up

$312,388

Up $181,551 (+139%) from 2019

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin41st percentile

Revenue

Down

$1,917,253

Down $464,872 (-20%) from 2019

Expenses

Up

$1,888,149

Up $251,101 (+15%) from 2019

Net Income

Down

$29,104

Down $715,973 (-96%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $116,468Liabilities 2011: $2,465Net Assets 2011: $114,0032011Assets 2012: $106,808Liabilities 2012: $2,808Net Assets 2012: $104,0002012Assets 2013: $109,050Liabilities 2013: $4,238Net Assets 2013: $104,8122013Assets 2014: $744,585Liabilities 2014: $10,227Net Assets 2014: $734,3582014Assets 2015: $1,423,460Liabilities 2015: $357,930Net Assets 2015: $1,065,5302015Assets 2016: $1,575,507Liabilities 2016: $177,129Net Assets 2016: $1,398,3782016Assets 2017: $2,669,334Liabilities 2017: $100,596Net Assets 2017: $2,568,7382017Assets 2018: $3,228,636Liabilities 2018: $33,702Net Assets 2018: $3,194,9342018Assets 2019: $4,070,848Liabilities 2019: $130,837Net Assets 2019: $3,940,0112019Assets 2020: $4,184,968Liabilities 2020: $312,388Net Assets 2020: $3,872,5802020Assets 2021: $4,645,011Liabilities 2021: $53,611Net Assets 2021: $4,591,4002021Assets 2022: $4,585,049Liabilities 2022: $152,272Net Assets 2022: $4,432,7772022Assets 2023: $13,112,612Liabilities 2023: $145,725Net Assets 2023: $12,966,8872023Assets 2025: $18,186,369Liabilities 2025: $130,722Net Assets 2025: $18,055,6472025

Highlighted filing

2020

Assets$4,184,968
Liabilities$312,388
Net Assets$3,872,580
Open 2020 Filing

Operations Trend

Revenue Growth23rd percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $138,743Expenses 2011: $24,740Net Income 2011: $114,0032011Expenses 2012: $183,7572012Revenue 2013: $215,941Expenses 2013: $215,129Net Income 2013: $8122013Revenue 2014: $1,030,488Expenses 2014: $403,528Net Income 2014: $626,9602014Revenue 2015: $1,273,156Expenses 2015: $933,618Net Income 2015: $339,5382015Revenue 2016: $1,002,197Expenses 2016: $669,349Net Income 2016: $332,8482016Revenue 2017: $2,624,315Expenses 2017: $1,453,955Net Income 2017: $1,170,3602017Revenue 2018: $2,133,644Expenses 2018: $1,507,448Net Income 2018: $626,1962018Revenue 2019: $2,382,125Expenses 2019: $1,637,048Net Income 2019: $745,0772019Revenue 2020: $1,917,253Expenses 2020: $1,888,149Net Income 2020: $29,1042020Revenue 2021: $2,874,255Expenses 2021: $2,154,919Net Income 2021: $719,3362021Revenue 2022: $2,189,635Expenses 2022: $2,347,570Net Income 2022: -$157,9352022Revenue 2023: $11,118,605Expenses 2023: $2,633,658Net Income 2023: $8,484,9472023Revenue 2025: $4,459,546Expenses 2025: $2,971,211Net Income 2025: $1,488,3352025

Highlighted filing

2020

Revenue$1,917,253
Expenses$1,888,149
Net Income$29,104
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Jun 6, 2021
Return Version
2019v5.2
Gross Receipts
$2,009,533
Mission and Program Overview

Mission

The Academy is a private Christian school, pre-k through 5th grade, that educates under-resourced students to live life well - following Jesus, thriving academically, and transforming their community.

The Academy is a private Christian school, pre-K through 5th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,516,308$2,537,569▲ $21,261
Land, Buildings, and Equipment, Net$1,225,283$1,415,813▲ $190,530
Cash and Non-Interest-Bearing Accounts$191,425$103,223▼ $88,202
Pledges and Grants Receivable$57,500$85,500▲ $28,000
Prepaid Expenses and Deferred Charges$75,345$42,863▼ $32,482
Accounts Receivable$755$0▼ $755
Total Assets$4,070,848$4,184,968▲ $114,120
Other Assets Total$4,232--
Liabilities
Unsecured Notes Loans Payable-$267,300-
Accounts Payable and Accrued Expenses$100,837$45,088▼ $55,749
Deferred Revenue$29,000--
Other Liabilities$1,000--
Total Liabilities$130,837$312,388▲ $181,551
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,231,043$3,764,505▲ $533,462
Net Assets With Donor Restrictions$708,968$108,075▼ $600,893
Total Net Assets Fund Balance$3,940,011$3,872,580▼ $67,431
Total Liabilities and Net Assets / Fund Balance$4,070,848$4,184,968▲ $114,120

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$575,597$112,507-
Other Land Buildings$150,693$128,617-
Land$637,667--
Leasehold Improvements$51,856$905-
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Justina JenkinsHead of SchoolFT$87,080$69,359$156,439
Jessica TetirickDirector of Finance and OperationsFT$74,085-$74,085

Board Members and Trustees

NameTitle
Pete ChambersChair
Terri SextonVice Chair
Rob LydickBoard Recorder
Corey BooneDirector
Monty MohonDirector
Paige PateDirector
Rick FrancisDirector
Zac ThompsonDirector
Deborah HenryDirector (until June 2020)
Dr Randy BrownFounder
Revenue and Support

Revenue Composition

Contributions and Grants
$2,057,153
Program Service Revenue
$423
Investment Income
$25,728
Other Revenue
$-166,051
All Other Contributions
$1,617,127
Change in Net Assets
$29,104

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,917,253
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$92,280
Total Revenue per Audited Statements
$2,009,533
Total Revenue per Form 990
$1,917,253
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,321,573
Other Expenses$566,576
Total Fundraising Expense$207,198
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$717,050$92,520$134,005$943,575
Current Officers, Directors, Trustees, and Key Employees$27,633$157,376$11,053$196,062
Occupancy$128,679$45,424$3,677$177,780
Other Employee Benefits$62,910$21,584$13,653$98,147
Payroll Taxes$55,727$17,864$10,198$83,789
Depreciation Depletion$64,720$12,135$4,044$80,899
All Other Expenses$11,413$10,596$20,717$42,726
Office Expenses$12,707$12,920$5,493$31,120
Other Expenses$20,652$6,868$0$27,520
Insurance$23,768$1,320$1,320$26,408
Travel$14,093--$14,093
Information Technology$5,998$3,577$2,240$11,815
Fees for Services Other$525$8,588-$9,113
Interest-$776-$776
Total Functional Expenses$1,289,403$391,548$207,198$1,888,149

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,980,429
Expenses per Audited Statements$1,888,149
Total Expenses per Form 990$1,888,149
Expenses Not Reported on Form 990$92,280
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$67,080
Fundraising Gross Income$51,062
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Clay Shoot$97,500-$4,597-
Dinner Under the Stars$345,329$51,062$12,450$38,612
Total Events$442,829$51,062$67,081$-16,019
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
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 B, line 11B

“A complete copy of Form 990 is provided to the Academy's Board of Directors who review and approve Form 990 before it is filed.”

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

“The Academy monitors its conflict of interest policy in staff and board meetings regularly.”

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

“Compensation for the Head of School is approved by the Board of Directors after comparison with compensation for similiar individuals in other local non-profit schools and similiar non-profit organizations.”

Form 990, Part VI, Section C, line 18

“The Academy's governing documents, conflict of interest policy, Form 990, and financial statements are available upon request.”

Form 990, Part VI, Section C, line 19

“The Academy's governing documents, conflict of interest policy, Form 990, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Rivertree Academy
EIN
45-2668753
Phone
8174209310
Address
5443 Bonnell, Fort Worth, TX 76107

Signing Officer

Name
Jessica Tetirick
Title
Director of Finance and Operations
Phone
8174209310
Signed
2021-06-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Tetirick
Formed
2011
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
43
Volunteers
100

Preparer

Firm
Jtaylor & Associates LLC
Address
4800 OVERTON PLAZA SUITE 360, FORT WORTH, TX 76109-4430
Preparer
Paul Kelsey
Phone
8179245900
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The Board of Directors of the Academy assumes responsibility for oversight of the Academy's audit and selection of an independent accountant.”

Financial Statement Notes

Part X, Line 2:

“The Academy is a qualified non-profit organization and is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. The Affiliated Entities are limited liability companies which are disregarded entities for federal income tax purposes. The Affiliated Entities are not taxpaying entities for federal income tax purposes; accordingly, no federal income tax amounts have been recorded in the accompanying consolidated financial statements. Income of the Affiliated Entities flow through to the Academy for tax purposes. The Affiliated Entities are also potentially subject to Texas state franchise tax based on the portion of their income incurred in Texas. The Academy applied the provisions of the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) topic 740 Accounting for Uncertainty in Income Taxes during the year ended July 31, 2020. Under ASC topic 740 Accounting for Uncertainty in Income Taxes, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will be sustained. The ASC topic Accounting for Uncertainty in Income Taxes has no impact on the Academy's consolidated financial statements. The Academy does not believe there are any unrecognized tax benefits that should be recorded. For the year ended July 31, 2020, there were no interest or penalties recorded or included in the statement of activities related to taxes.”

Part XI, Line 2D - Other Adjustments:

“Classification difference - special event direct costs - $67,080 Classification difference - rental income direct costs - $25,200”

Part XII, Line 2D - Other Adjustments:

“Classification difference - special event direct costs - $67,080 Classification difference - rental income direct costs - $25,200”

Raw XML AppendixShowing 400 of 567 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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IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Recorder
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director (until June 2020)
IRS990/Form990PartVIISectionAGrp/TitleTxt10Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director of Finance and Operations
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IRS990/InsuranceGrp/ManagementAndGeneralAmt01320
IRS990/InsuranceGrp/ProgramServicesAmt023768
IRS990/InsuranceGrp/TotalAmt026408
IRS990/InterestGrp/ManagementAndGeneralAmt0776
IRS990/InterestGrp/TotalAmt0776
IRS990/InvestmentIncomeGrp/ExclusionAmt025728
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt025728
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt038
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0242029
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01225283
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01415813
IRS990/LandBldgEquipCostOrOtherBssAmt01657842
IRS990/LegalDomicileStateCd0TX
IRS990/LessRentalExpensesGrp/RealAmt025200
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Academy is a private Christian school, pre-k through 5th grade, that educates under-resourced students to live life well - following Jesus, thriving academically, and transforming their community.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03940011
IRS990/NetAssetsOrFundBalancesEOYAmt03872580
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-16018
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-16018
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt014240
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt014240
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03231043
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03764505
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt03677
IRS990/OccupancyGrp/ManagementAndGeneralAmt045424
IRS990/OccupancyGrp/ProgramServicesAmt0128679
IRS990/OccupancyGrp/TotalAmt0177780
IRS990/OfficeExpensesGrp/FundraisingAmt05493
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012920
IRS990/OfficeExpensesGrp/ProgramServicesAmt012707
IRS990/OfficeExpensesGrp/TotalAmt031120
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04232
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt013653
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt021584
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt062910
IRS990/OtherEmployeeBenefitsGrp/TotalAmt098147
IRS990/OtherExpensesGrp/Desc0Meal Program
IRS990/OtherExpensesGrp/Desc1Curriculum
IRS990/OtherExpensesGrp/Desc2Student Programs
IRS990/OtherExpensesGrp/Desc3Professional Developmen
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt2798
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt36868
IRS990/OtherExpensesGrp/ProgramServicesAmt059036
IRS990/OtherExpensesGrp/ProgramServicesAmt153772
IRS990/OtherExpensesGrp/ProgramServicesAmt230720
IRS990/OtherExpensesGrp/ProgramServicesAmt320652
IRS990/OtherExpensesGrp/TotalAmt059036
IRS990/OtherExpensesGrp/TotalAmt153772
IRS990/OtherExpensesGrp/TotalAmt231518
IRS990/OtherExpensesGrp/TotalAmt327520
IRS990/OtherLiabilitiesGrp/BOYAmt01000
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Impairment on buildings
IRS990/OtherRevenueMiscGrp/ExclusionAmt0-164273
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-164273
IRS990/OtherRevenueTotalAmt0-164273
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0134005
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt092520
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0717050
IRS990/OtherSalariesAndWagesGrp/TotalAmt0943575
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt010198
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt017864
IRS990/PayrollTaxesGrp/ProgramServicesAmt055727
IRS990/PayrollTaxesGrp/TotalAmt083789
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt057500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt085500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt075345
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt042863
IRS990/PrincipalOfficerNm0Jessica Tetirick
IRS990/PriorPeriodAdjustmentsAmt0-96535
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0Uniform and other student fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0423
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0423
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02312037
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt024646
IRS990/PYOtherExpensesAmt0489263
IRS990/PYOtherRevenueAmt031442
IRS990/PYProgramServiceRevenueAmt014000
IRS990/PYRevenuesLessExpensesAmt0745077
IRS990/PYSalariesCompEmpBnftPaidAmt01147785
IRS990/PYTotalExpensesAmt01637048
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02382125
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt029104
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt014240
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0423
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02516308
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02537569
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/BuildingsGrp/BookValueAmt0575597
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0112507
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0688104
IRS990ScheduleD/ExpensesNotReportedAmt092280
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01888149
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0637667
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0637667
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt051856
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0905
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt052761
IRS990ScheduleD/OtherExpensesIncludedAmt092280
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0150693
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0128617
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0279310
IRS990ScheduleD/OtherRevenueAmt092280
IRS990ScheduleD/RevenueNotReportedAmt092280
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01917253
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Academy is a qualified non-profit organization and is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. The Affiliated Entities are limited liability companies which are disregarded entities for federal income tax purposes. The Affiliated Entities are not taxpaying entities for federal income tax purposes; accordingly, no federal income tax amounts have been recorded in the accompanying consolidated financial statements. Income of the Affiliated Entities flow through to the Academy for tax purposes. The Affiliated Entities are also potentially subject to Texas state franchise tax based on the portion of their income incurred in Texas. The Academy applied the provisions of the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) topic 740 Accounting for Uncertainty in Income Taxes during the year ended July 31, 2020. Under ASC topic 740 Accounting for Uncertainty in Income Taxes, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will be sustained. The ASC topic Accounting for Uncertainty in Income Taxes has no impact on the Academy's consolidated financial statements. The Academy does not believe there are any unrecognized tax benefits that should be recorded. For the year ended July 31, 2020, there were no interest or penalties recorded or included in the statement of activities related to taxes.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Classification difference - special event direct costs - $67,080 Classification difference - rental income direct costs - $25,200
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Classification difference - special event direct costs - $67,080 Classification difference - rental income direct costs - $25,200
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01415813
IRS990ScheduleD/TotalExpensesPerForm990Amt01888149
IRS990ScheduleD/TotalRevenuePerForm990Amt01917253
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02009533
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01980429
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The Academy's racially nondiscriminatory policy was publicized through the Fort Worth Star Telegram, a regional newspaper.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The Academy participates in the National School Lunch Program and the School Breakfast Program administered by Texas Department of Agriculture for the United States Department of Agriculture.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0391767

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,184,968
Liabilities
$312,388
Net assets
$3,872,580
Revenue
$1,917,253
Expenses
$1,888,149
Net income
$29,104
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.2$0.13$18.1$4.46$2.97$1.49
2023Summary only. Only limited summary data is available for this year.$13.1$0.15$13.0$11.1$2.63$8.48
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.59$0.15$4.43$2.19$2.35$0.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.65$0.05$4.59$2.87$2.15$0.72
2020Detailed filing. Detailed filing data is available for this year.$4.18$0.31$3.87$1.92$1.89$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.07$0.13$3.94$2.38$1.64$0.75
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.23$0.03$3.19$2.13$1.51$0.63
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$0.10$2.57$2.62$1.45$1.17
2016Summary only. Only limited summary data is available for this year.$1.58$0.18$1.40$1.00$0.67$0.33
2015Detailed filing. Detailed filing data is available for this year.$1.42$0.36$1.07$1.27$0.93$0.34
2014Summary only. Only limited summary data is available for this year.$0.74$0.01$0.73$1.03$0.40$0.63
2013Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.10$0.22$0.22$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.00$0.10$0.18
2011Summary only. Only limited summary data is available for this year.$0.12$0.00$0.11$0.14$0.02$0.11