Civic Intelligence

Rivertree Academy Inc.

990 • Fiscal year 2021 • EIN 45-2668753

Aug 01, 2020 to Jul 31, 2021 • Filed on Mar 30, 2022

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

31st percentile

0.01x

Higher debt load relative to assets than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

30th percentile

0.02x

Higher debt load relative to revenue than 30% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

69th percentile

25%

Higher net margin than 69% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

75th percentile

$114,222

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

53rd percentile

11%

Faster asset growth than 53% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

76th percentile

50%

Faster revenue growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$4,645,011

Up $460,043 (+11%) from 2020

Net Assets

Up

$4,591,400

Up $718,820 (+19%) from 2020

Liabilities

Down

$53,611

Down $258,777 (-83%) from 2020

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin69th percentile

Revenue

Up

$2,874,255

Up $957,002 (+50%) from 2020

Expenses

Up

$2,154,919

Up $266,770 (+14%) from 2020

Net Income

Up

$719,336

Up $690,232 (+2372%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2021

Assets$4,645,011
Liabilities$53,611
Net Assets$4,591,400
Open 2021 Filing

Operations Trend

Revenue Growth76th 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

2021

Revenue$2,874,255
Expenses$2,154,919
Net Income$719,336
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Mar 30, 2022
Return Version
2020v4.2
Gross Receipts
$2,994,480
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$2,537,569$2,513,561▼ $24,008
Land, Buildings, and Equipment, Net$1,415,813$1,364,313▼ $51,500
Cash and Non-Interest-Bearing Accounts$103,223$615,901▲ $512,678
Pledges and Grants Receivable$85,500$78,476▼ $7,024
Prepaid Expenses and Deferred Charges$42,863$72,760▲ $29,897
Total Assets$4,184,968$4,645,011▲ $460,043
Liabilities
Unsecured Notes Loans Payable$267,300$0▼ $267,300
Accounts Payable and Accrued Expenses$45,088$53,611▲ $8,523
Total Liabilities$312,388$53,611▼ $258,777
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,764,505$4,478,559▲ $714,054
Net Assets With Donor Restrictions$108,075$112,841▲ $4,766
Total Net Assets Fund Balance$3,872,580$4,591,400▲ $718,820
Total Liabilities and Net Assets / Fund Balance$4,184,968$4,645,011▲ $460,043

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$538,827$125,832-
Other Land Buildings$135,279$179,750-
Land$617,577--
Leasehold Improvements$72,630$21,828-
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Justina JenkinsHead of SchoolFT$114,222$114,222
Jessica TetirickDirector of FinanceFT$79,461$79,461

Board Members and Trustees

NameTitle
Terri SextonAdvisory Board (Finance Chair to May 2021)
Pete ChambersChair
Brooks McCabeFinance Chair (Since June 2021)
Paige PateVice Chair
Rob LydickBoard Recorder
Corey BooneDirector
Monty MohonDirector
Rick FrancisDirector
Zac ThompsonDirector
Deborah HenryDirector (Rejoined in August 2021)
Susanne AvondetDirector (Since January 2021)
Dr Randy BrownFounder
Revenue and Support

Revenue Composition

Contributions and Grants
$2,794,836
Program Service Revenue
$1,121
Investment Income
$42,170
Other Revenue
$36,128
All Other Contributions
$2,297,318
Change in Net Assets
$719,336

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,874,255
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$83,719
Total Revenue per Audited Statements
$2,957,974
Total Revenue per Form 990
$2,874,255
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,467,137
Other Expenses$687,782
Total Fundraising Expense$239,567
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$756,773$176,072$134,872$1,067,717
Occupancy$173,985$48,968$3,539$226,492
Current Officers, Directors, Trustees, and Key Employees$75,350$104,904$13,429$193,683
Other Employee Benefits$72,061$35,022$14,163$121,246
Depreciation Depletion$85,762$16,080$5,360$107,202
Payroll Taxes$54,298$19,416$10,777$84,491
Office Expenses$17,375$13,058$3,256$33,689
Other Expenses$30,930$2,129$48,909$30,930
Information Technology$16,045$12,074$2,321$30,440
Insurance$21,435$1,341$1,191$23,967
Fees for Services Other-$19,878$1,750$21,628
All Other Expenses$18,169$2,519-$20,688
Travel$12,589--$12,589
Interest-$791-$791
Total Functional Expenses$1,463,100$452,252$239,567$2,154,919

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,239,154
Expenses per Audited Statements$2,154,919
Total Expenses per Form 990$2,154,919
Expenses Not Reported on Form 990$84,235
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$73,122
Fundraising Gross Income$28,274
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner Under the Stars$274,646$14,137$35,044$-20,907
Pickleball$204,286$14,137$1,452$12,685
Total Events$481,382$28,274$71,767$-43,493
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.”

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 similar individuals in other local non-profit schools and similar 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
Justina Jenkins
Title
Head of School
Phone
8174209310
Signed
2022-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justina Jenkins
Formed
2011
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
56
Volunteers
61

Preparer

Firm
Jtaylor & Associates LLC
Address
4800 OVERTON PLAZA SUITE 360, FORT WORTH, TX 76109-4430
Preparer
Matthew Edmonson
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, 2021. 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, 2021, 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 - $73,122 73,122. Classification difference - rental income direct costs - $11,113 11,113.”

Part XII, Line 2D - Other Adjustments:

“Classification difference - special event direct costs - $51,630 73,122. Classification difference - rental income direct costs - $11,113 11,113.”

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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/PersonNm0Dr Randy Brown
IRS990/Form990PartVIISectionAGrp/PersonNm1Pete Chambers
IRS990/Form990PartVIISectionAGrp/PersonNm2Paige Pate
IRS990/Form990PartVIISectionAGrp/PersonNm3Rob Lydick
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IRS990/Form990PartVIISectionAGrp/PersonNm12Justina Jenkins
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Founder
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/TitleTxt8Finance Chair (Since June 2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director (Since January 2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director (Rejoined in August 2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt11Advisory Board (Finance Chair to May 2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt12Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director of Finance
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0453108
IRS990/FundraisingDirectExpensesAmt073122
IRS990/FundraisingGrossIncomeAmt028274
IRS990/GainOrLossGrp/OtherAmt042019
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt044410
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt078009
IRS990/GrossReceiptsAmt02994480
IRS990/GrossRentsGrp/RealAmt030586
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt02321
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt012074
IRS990/InformationTechnologyGrp/ProgramServicesAmt016045
IRS990/InformationTechnologyGrp/TotalAmt030440
IRS990/InsuranceGrp/FundraisingAmt01191
IRS990/InsuranceGrp/ManagementAndGeneralAmt01341
IRS990/InsuranceGrp/ProgramServicesAmt021435
IRS990/InsuranceGrp/TotalAmt023967
IRS990/InterestGrp/ManagementAndGeneralAmt0791
IRS990/InterestGrp/TotalAmt0791
IRS990/InvestmentIncomeGrp/ExclusionAmt0151
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0151
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt026
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0327410
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01415813
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01364313
IRS990/LandBldgEquipCostOrOtherBssAmt01691723
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt035990
IRS990/LessRentalExpensesGrp/RealAmt011113
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/NetAssetsOrFundBalancesBOYAmt03872580
IRS990/NetAssetsOrFundBalancesEOYAmt04591400
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt042019
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt042019
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-44848
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-44848
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt019473
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt019473
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-516
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03764505
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04478559
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt03539
IRS990/OccupancyGrp/ManagementAndGeneralAmt048968
IRS990/OccupancyGrp/ProgramServicesAmt0173985
IRS990/OccupancyGrp/TotalAmt0226492
IRS990/OfficeExpensesGrp/FundraisingAmt03256
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt013058
IRS990/OfficeExpensesGrp/ProgramServicesAmt017375
IRS990/OfficeExpensesGrp/TotalAmt033689
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt014163
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt035022
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt072061
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0121246
IRS990/OtherExpensesGrp/Desc0Other
IRS990/OtherExpensesGrp/Desc1Meal Program
IRS990/OtherExpensesGrp/Desc2Curriculum
IRS990/OtherExpensesGrp/Desc3Student Programs
IRS990/OtherExpensesGrp/FundraisingAmt048909
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02129
IRS990/OtherExpensesGrp/ProgramServicesAmt027205
IRS990/OtherExpensesGrp/ProgramServicesAmt157227
IRS990/OtherExpensesGrp/ProgramServicesAmt243896
IRS990/OtherExpensesGrp/ProgramServicesAmt330930
IRS990/OtherExpensesGrp/TotalAmt078243
IRS990/OtherExpensesGrp/TotalAmt157227
IRS990/OtherExpensesGrp/TotalAmt243896
IRS990/OtherExpensesGrp/TotalAmt330930
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0Insurance Proceeds
IRS990/OtherRevenueMiscGrp/Desc1Impairment Loss
IRS990/OtherRevenueMiscGrp/ExclusionAmt093217
IRS990/OtherRevenueMiscGrp/ExclusionAmt1-31714
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt093217
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-31714
IRS990/OtherRevenueTotalAmt061503
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0134872
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0176072
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0756773
IRS990/OtherSalariesAndWagesGrp/TotalAmt01067717
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt010777
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019416
IRS990/PayrollTaxesGrp/ProgramServicesAmt054298
IRS990/PayrollTaxesGrp/TotalAmt084491
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt085500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt078476
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt042863
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt072760
IRS990/PrincipalOfficerNm0Justina Jenkins
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0Uniform and other student fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01121
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01121
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02057153
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt025728
IRS990/PYOtherExpensesAmt0566576
IRS990/PYOtherRevenueAmt0-166051
IRS990/PYProgramServiceRevenueAmt0423
IRS990/PYRevenuesLessExpensesAmt029104
IRS990/PYSalariesCompEmpBnftPaidAmt01321573
IRS990/PYTotalExpensesAmt01888149
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01917253
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0719336
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt019473
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01121
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02537569
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02513561
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/BookValueAmt0538827
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0125832
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0664659
IRS990ScheduleD/ExpensesNotReportedAmt084235
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02154919
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0617577
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0617577
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt072630
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt021828
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt094458
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-516
IRS990ScheduleD/OtherExpensesIncludedAmt084235
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0135279
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0179750
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0315029
IRS990ScheduleD/OtherRevenueAmt084235
IRS990ScheduleD/RevenueNotReportedAmt083719
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02874255
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, 2021. 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, 2021, 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 - $73,122 73,122. Classification difference - rental income direct costs - $11,113 11,113.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Classification difference - special event direct costs - $51,630 73,122. Classification difference - rental income direct costs - $11,113 11,113.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01364313
IRS990ScheduleD/TotalExpensesPerForm990Amt02154919
IRS990ScheduleD/TotalRevenuePerForm990Amt02874255
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02957974
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02239154
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$4,645,011
Liabilities
$53,611
Net assets
$4,591,400
Revenue
$2,874,255
Expenses
$2,154,919
Net income
$719,336
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
2021Detailed filing. Detailed filing data is available for this year.$4.65$0.05$4.59$2.87$2.15$0.72
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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