Civic Intelligence

Jackson Hole Classical Academy Inc

990 • Fiscal year 2016 • EIN 45-2795231

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

PO Box 7466Jackson, WY 83002

(307) 201-5040

Siviq Scores

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

Liabilities / Assets

76th percentile

0.42x

Higher debt load relative to assets than 76% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

51st percentile

0.11x

Higher debt load relative to revenue than 51% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

34th percentile

-2.4%

Higher net margin than 34% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

41st percentile

-0.7%

Faster asset growth than 41% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

85th percentile

35%

Faster revenue growth than 85% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$504,638

Down $3,515 (-0.7%) from 2015

Net Assets

Down

$292,181

Down $46,295 (-14%) from 2015

Liabilities

Up

$212,457

Up $42,780 (+25%) from 2015

Revenue

Up

$1,893,890

Up $488,037 (+35%) from 2015

Expenses

Up

$1,940,185

Up $417,390 (+27%) from 2015

Net Income

Up

-$46,295

Up $70,647 (+60%) from 2015

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2013: $25,151Liabilities 2013: $2,5252013Assets 2014: $564,104Liabilities 2014: $108,686Net Assets 2014: $455,4182014Assets 2015: $508,153Liabilities 2015: $169,677Net Assets 2015: $338,4762015Assets 2016: $729,409Liabilities 2016: $46,049Net Assets 2016: $683,3602016Assets 2016: $504,638Liabilities 2016: $212,457Net Assets 2016: $292,1812016Assets 2017: $569,703Liabilities 2017: $187,242Net Assets 2017: $382,4612017Assets 2018: $715,710Liabilities 2018: $251,070Net Assets 2018: $464,6402018Assets 2019: $6,449,654Liabilities 2019: $935,412Net Assets 2019: $5,514,2422019Assets 2020: $14,975,594Liabilities 2020: $194,317Net Assets 2020: $14,781,2772020Assets 2021: $2,249,358Liabilities 2021: $265,457Net Assets 2021: $1,983,9012021Assets 2022: $2,217,280Liabilities 2022: $481,829Net Assets 2022: $1,735,4512022Assets 2023: $8,775,874Liabilities 2023: $1,159,219Net Assets 2023: $7,616,6552023Assets 2024: $52,561,542Liabilities 2024: $4,181,751Net Assets 2024: $48,379,7912024

Highlighted filing

2016

Assets$504,638
Liabilities$212,457
Net Assets$292,181

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2013: $89,720Expenses 2013: $144,064Net Income 2013: -$54,3442013Revenue 2014: $687,757Expenses 2014: $254,965Net Income 2014: $432,7922014Revenue 2015: $1,405,853Expenses 2015: $1,522,795Net Income 2015: -$116,9422015Revenue 2016: $2,285,069Expenses 2016: $1,940,185Net Income 2016: $344,8842016Revenue 2016: $1,893,890Expenses 2016: $1,940,185Net Income 2016: -$46,2952016Revenue 2017: $2,245,218Expenses 2017: $2,154,938Net Income 2017: $90,2802017Revenue 2018: $2,499,757Expenses 2018: $2,417,578Net Income 2018: $82,1792018Revenue 2019: $7,682,029Expenses 2019: $2,632,427Net Income 2019: $5,049,6022019Revenue 2020: $12,381,280Expenses 2020: $3,114,245Net Income 2020: $9,267,0352020Revenue 2021: $5,047,145Expenses 2021: $3,729,278Net Income 2021: $1,317,8672021Revenue 2022: $3,323,574Expenses 2022: $3,572,024Net Income 2022: -$248,4502022Revenue 2023: $9,986,155Expenses 2023: $4,104,951Net Income 2023: $5,881,2042023Revenue 2024: $45,866,313Expenses 2024: $5,103,177Net Income 2024: $40,763,1362024

Highlighted filing

2016

Revenue$1,893,890
Expenses$1,940,185
Net Income-$46,295
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$1,893,890
Mission and Program Overview

Mission

Jackson hole classical academy develops within its students the intellectual and moral foundations upon which responsible, independent and productive lives are built. Through rigorous, content-rich curriculum, the academy sets high expectations for all students, encouraging good habits and enabling students to reach their full academic potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$200,433$183,701▼ $16,732
Cash and Non-Interest-Bearing Accounts$130,717$150,420▲ $19,703
Land, Buildings, and Equipment, Net$148,832$136,000▼ $12,832
Prepaid Expenses and Deferred Charges$28,171$34,517▲ $6,346
Total Assets$508,153$504,638▼ $3,515
Liabilities
Deferred Revenue-$166,408-
Accounts Payable and Accrued Expenses$18,029$26,261▲ $8,232
Other Liabilities$151,648$19,788▼ $131,860
Total Liabilities$169,677$212,457▲ $42,780
Net Assets / Fund Balance
Unrestricted Net Assets$338,476$292,181▼ $46,295
Total Net Assets Fund Balance$338,476$292,181▼ $46,295
Total Liabilities and Net Assets / Fund Balance$508,153$504,638▼ $3,515

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$136,000$93,702$229,702
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David GreenhalghHeadmasterFT$142,693$142,693

Board Members and Trustees

NameTitle
Margaret W ValianteChairman
Jonathan YonanBoard Member
Polly J FriessSecretary
Stephen FriessTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$719,843
Program Service Revenue
$1,173,958
Investment Income
$89
Other Revenue
$0
All Other Contributions
$653,054
Change in Net Assets
$-46,295

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
Other Non Cash Contri Table3$33,048Purchase Cost
Total Noncash Contributions3$33,048-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,182,414
Grants and Similar Amounts Paid$391,179
Other Expenses$366,592
Total Fundraising Expense$7,813
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$823,421$177,026-$1,000,447
Grants to Domestic Individuals$391,179--$391,179
Payroll Taxes$82,200$19,049-$101,249
Occupancy$76,780$5,454-$82,234
Other Employee Benefits$75,990$4,728-$80,718
Depreciation Depletion$47,194--$47,194
All Other Expenses$25,321-$6,987$32,308
Fees for Services Accounting$8,742$9,368$795$18,905
Fees for Services Other$12,931$5,679-$18,610
Other Expenses$18,140$6,130-$18,140
Advertising$15,007$2,797-$17,804
Conferences and Meetings$7,985$8,774-$16,759
Insurance$6,967--$6,967
Fees for Services Legal$1,598$4,005-$5,603
Office Expenses$4,359$825-$5,184
Information Technology$275-$31$306
Total Functional Expenses$1,688,537$243,835$7,813$1,940,185
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jonathan YonanBoard MemberTuition for ChildNo-
Polly J FriessSecretaryTuition for ChildNo-
Stephen FriessTreasurerTuition for ChildNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$19,788
Pre-paid Tuition-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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 2

Polly j, friess stephen friess secretary board member family member

Form 990, Page 6, Part VI, Line 11B

The director reviews the 990 prior to it being filed.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request. Requests can be sent to sorensen & flanagan, llc, po box 1845, 280 e broadway suite 814, jackson, wy, 83001.

Filing and Contact Details

Filer

Filer Name
Jackson Hole Classical Academy Inc
EIN
45-2795231
Phone
3072015040
Address
PO BOX 7466, JACKSON, WY 83002

Signing Officer

Name
Polly J Friess
Title
Secretary
Phone
3072015040
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Polly J Friess
Formed
2011
Legal Domicile
Wy
Voting Board Members
6
Independent Board Members
6
Employees
24
Volunteers
25

Preparer

Firm
Sorensen & Flanagan LLC
Address
PO BOX 1845, JACKSON, WY 83001
Preparer
James T Sorensen CPA
Phone
3077333938
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

The original return was filed with an error in the amount of program service revenue - tuition income. This amended return is being filed to correctly state the tuition income for year ended 6/30/2016. Line 9 of page 1 part 1 of the 990 was originally 1,565,137 and on the amended return is now correctly stated at 1,173,958. Line 2b of part viii shows the reduction in tuition income of 391,179. In addition, the officers listing has been corrected in part vii, and part iv of schedule l has been updated.

FORM 990 - ORGANIZATION'S MISSION

Jackson hole classical academy develops within its students the intellectual and moral foundations upon which responsible, independent and productive lives are built. Through rigorous, content-rich curriculum, the academy sets high expectations for all students, encouraging good habits and enabling students to reach their full academic potential.

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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt093702
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0229702
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019788
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PRE-PAID TUITION
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0136000
IRS990ScheduleD/TotalLiabilityAmt019788
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0JACKSON HOLE CLASSICAL ACADEMY PUBLISHED ITS NONDISCRIMINATION POLICY IN THE JACKSON HOLE NEWS & GUIDE. THE NONDISCRIMINATION POLICY APPEARS ON THE TUITION ASSISTANCE PAGE OF THE WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0391179
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL AID
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt040
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0JACKSON HOLE CLASSICAL ACADEMYS TUITION ASSISTANCE PROGRAM IS DESIGNED TO HELP STUDENTS ATTEND THE SCHOOL. OUR SYSTEM EVALUATES EACH FAMILYS SITUATION ON AN INDIVIDUAL BASIS AND DETERMINES THEIR ABILITY TO AFFORD ENROLLMENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0POLLY J FRIESS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1STEPHEN FRIESS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2JONATHAN YONAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SECRETARY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1TREASURER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2BOARD MEMBER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0TUITION FOR CHILD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1TUITION FOR CHILD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2TUITION FOR CHILD
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IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0PURCHASE COST
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IRS990ScheduleM/ThirdPartiesUsedInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORIGINAL RETURN WAS FILED WITH AN ERROR IN THE AMOUNT OF PROGRAM SERVICE REVENUE - TUITION INCOME. THIS AMENDED RETURN IS BEING FILED TO CORRECTLY STATE THE TUITION INCOME FOR YEAR ENDED 6/30/2016. LINE 9 OF PAGE 1 PART 1 OF THE 990 WAS ORIGINALLY 1,565,137 AND ON THE AMENDED RETURN IS NOW CORRECTLY STATED AT 1,173,958. LINE 2B OF PART VIII SHOWS THE REDUCTION IN TUITION INCOME OF 391,179. IN ADDITION, THE OFFICERS LISTING HAS BEEN CORRECTED IN PART VII, AND PART IV OF SCHEDULE L HAS BEEN UPDATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JACKSON HOLE CLASSICAL ACADEMY DEVELOPS WITHIN ITS STUDENTS THE INTELLECTUAL AND MORAL FOUNDATIONS UPON WHICH RESPONSIBLE, INDEPENDENT AND PRODUCTIVE LIVES ARE BUILT. THROUGH RIGOROUS, CONTENT-RICH CURRICULUM, THE ACADEMY SETS HIGH EXPECTATIONS FOR ALL STUDENTS, ENCOURAGING GOOD HABITS AND ENABLING STUDENTS TO REACH THEIR FULL ACADEMIC POTENTIAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2POLLY J, FRIESS STEPHEN FRIESS SECRETARY BOARD MEMBER FAMILY MEMBER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DIRECTOR REVIEWS THE 990 PRIOR TO IT BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. REQUESTS CAN BE SENT TO SORENSEN & FLANAGAN, LLC, PO BOX 1845, 280 E BROADWAY SUITE 814, JACKSON, WY, 83001.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01893890
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IRS990/USAddress/CityNm0JACKSON
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IRS990/WebsiteAddressTxt0WWW.JACKSONHOLECLASSICALACADEMY.ORG
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ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0POLLY J FRIESS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum03072015040
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0JACKSON HOLE CLASSICAL ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0JACK
ReturnHeader/Filer/EIN0452795231
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ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 7466
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461336065
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SORENSEN & FLANAGAN LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1845
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd083001
ReturnHeader/PreparerPersonGrp/PhoneNum03077333938
ReturnHeader/PreparerPersonGrp/PreparationDt02018-02-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES T SORENSEN CPA
ReturnHeader/ReturnTs02018-03-23T12:37:29-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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