Civic Intelligence

The Beta Foundation

990 • Fiscal year 2021 • EIN 45-3019142

Sep 01, 2020 to Aug 31, 2021 • Filed on Jul 14, 2022

Organization ProfileWWW.BETAACADEMY.ORG
9701 Almeda Genoa RdHouston, TX 77075

(832) 331-2460

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.67x

Higher debt load relative to assets than 83% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

85th percentile

1.57x

Higher debt load relative to revenue than 85% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

60th percentile

17%

Higher net margin than 60% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

31st percentile

$177,117

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

34th percentile

4.6%

Faster asset growth than 34% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

43rd percentile

8.1%

Faster revenue growth than 43% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$35,112,559

Up $1,547,441 (+4.6%) from 2020

Net Assets

Up

$11,476,861

Up $2,606,919 (+29%) from 2020

Liabilities

Down

$23,635,698

Down $1,059,478 (-4.3%) from 2020

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin60th percentile

Revenue

Up

$15,008,455

Up $1,127,136 (+8.1%) from 2020

Expenses

Up

$12,401,536

Up $2,966,802 (+31%) from 2020

Net Income

Down

$2,606,919

Down $1,839,666 (-41%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$60M$40M$20M$0Assets 2015: $681,390Liabilities 2015: $433,181Net Assets 2015: $248,2092015Assets 2016: $1,342,606Liabilities 2016: $200,040Net Assets 2016: $1,142,5662016Assets 2017: $1,939,443Liabilities 2017: $336,613Net Assets 2017: $1,602,8302017Assets 2018: $2,566,302Liabilities 2018: $455,442Net Assets 2018: $2,110,8602018Assets 2019: $10,720,897Liabilities 2019: $6,297,542Net Assets 2019: $4,423,3552019Assets 2020: $33,565,118Liabilities 2020: $24,695,176Net Assets 2020: $8,869,9422020Assets 2021: $35,112,559Liabilities 2021: $23,635,698Net Assets 2021: $11,476,8612021Assets 2022: $36,457,126Liabilities 2022: $23,102,816Net Assets 2022: $13,354,3102022Assets 2023: $41,391,412Liabilities 2023: $23,762,280Net Assets 2023: $17,629,1322023Assets 2024: $58,696,344Liabilities 2024: $38,458,473Net Assets 2024: $20,237,8712024

Highlighted filing

2021

Assets$35,112,559
Liabilities$23,635,698
Net Assets$11,476,861
Open 2021 Filing

Operations Trend

Revenue Growth43rd percentile

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

$30M$20M$10M$0Revenue 2015: $799,000Expenses 2015: $555,000Net Income 2015: $244,0002015Revenue 2016: $4,326,006Expenses 2016: $3,419,921Net Income 2016: $906,0852016Revenue 2017: $4,721,235Expenses 2017: $4,260,971Net Income 2017: $460,2642017Revenue 2018: $5,504,257Expenses 2018: $4,996,227Net Income 2018: $508,0302018Revenue 2019: $8,168,671Expenses 2019: $5,736,759Net Income 2019: $2,431,9122019Revenue 2020: $13,881,319Expenses 2020: $9,434,734Net Income 2020: $4,446,5852020Revenue 2021: $15,008,455Expenses 2021: $12,401,536Net Income 2021: $2,606,9192021Revenue 2022: $15,616,829Expenses 2022: $13,739,380Net Income 2022: $1,877,4492022Revenue 2023: $19,945,262Expenses 2023: $15,670,440Net Income 2023: $4,274,8222023Revenue 2024: $23,175,831Expenses 2024: $20,567,092Net Income 2024: $2,608,7392024

Highlighted filing

2021

Revenue$15,008,455
Expenses$12,401,536
Net Income$2,606,919
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jul 14, 2022
Return Version
2020v4.2
Gross Receipts
$15,008,455
Mission and Program Overview

Mission

The fundamental mission and purpose of beta foundation is to create a school with an environment of hope that not only nurtures, but challenges students to become successful academically and in life. We exist to help families find the best educational fit for their children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$19,577,011$26,115,143▲ $6,538,132
Savings and Temporary Cash Investments$4,560,290$5,511,024▲ $950,734
Investments in Publicly Traded Securities$6,907,094$2,110,035▼ $4,797,059
Cash and Non-Interest-Bearing Accounts$794,133--
Prepaid Expenses and Deferred Charges$217,280$280,039▲ $62,759
Total Assets$33,565,118$35,112,559▲ $1,547,441
Other Assets Total$1,509,310$1,096,318▼ $412,992
Liabilities
Tax Exempt Bond Liabilities$21,952,449$21,991,839▲ $39,390
Other Liabilities$2,256,299$1,101,665▼ $1,154,634
Accounts Payable and Accrued Expenses$486,428$542,194▲ $55,766
Total Liabilities$24,695,176$23,635,698▼ $1,059,478
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,779,849$9,738,896▲ $7,959,047
Net Assets With Donor Restrictions$7,090,093$1,737,965▼ $5,352,128
Total Net Assets Fund Balance$8,869,942$11,476,861▲ $2,606,919
Total Liabilities and Net Assets / Fund Balance$33,565,118$35,112,559▲ $1,547,441

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$15,300,180-$15,300,180
Leasehold Improvements$6,671,261$385,531$7,056,792
Land$1,868,744-$1,868,744
Equipment$763,228$945,521$1,708,749
Buildings$1,511,730$109,695$1,621,425
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Latisha D AndrewsCEO/superintendentFT$165,880$11,237$177,117
Martha L SmithChief Business/operationsFT$114,926$4,622$119,548

Board Members and Trustees

NameTitle
Daniel NeelyPresident
Tim KingVice President & Treasurer
Carlos PerezDirector
Erika JonesDirector
Jan SaundersDirector
Teresa SonesDirector
Anita ArcherSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Anslow Bryant Construction LtdConstruction Services - New School945 BUNKER HILL SUITE 900, Houston, TX 77024$2,148,263
Scholastic Solutions LLCBack-office ServicesPO BOX 598, Boerne, TX 78006$246,488
Revenue and Support

Revenue Composition

Contributions and Grants
$3,130,438
Program Service Revenue
$11,828,732
Investment Income
$28,970
Other Revenue
$20,315
All Other Contributions
$1,034,789
Change in Net Assets
$2,606,919

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,008,455
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$15,008,455
Total Revenue per Form 990
$15,008,455
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,437,402
Other Expenses$4,964,134
Total Fundraising Expense$400,833
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,710,826$479,148$135,878$6,325,852
Interest$897,703$239,388$59,847$1,196,938
Fees for Services Other$350,559$374,918$67,112$792,589
Other Employee Benefits$612,651$49,992$18,075$680,718
Depreciation Depletion$521,380$81,462$20,366$623,208
Occupancy$535,129$51,182$12,550$598,861
Current Officers, Directors, Trustees, and Key Employees$253,859$21,276$6,098$281,233
Other Expenses$146,970$32,044$2,475$181,489
Insurance$117,901$31,440$7,860$157,201
Information Technology$80,388$30,136$2,074$112,598
Payroll Taxes$104,490$6,799$428$111,717
All Other Expenses$68,535--$68,535
Pension Plan Contributions$34,094$2,782$1,006$37,882
Travel$17,496$8,018$120$25,634
Office Expenses$11,209$540-$11,749
Total Functional Expenses$10,498,046$1,502,657$400,833$12,401,536

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,401,536
Total Expenses per Audited Statements$12,401,536
Total Expenses per Form 990$12,401,536
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Jennifer Raquel SartorFamily Member of Current OfficerEmployee WagesNo$123,629
Dana HinsonENTITY MORE THAN 35% OWNED BY FAMILY MEMBER OF MARTHA SMITH, OP OFFICERCompensationNo$70,481
-Family Member of Current OfficerEmployee WagesNo$27,765
Karissa CrueyENTITY MORE THAN 35% OWNED BY FAMILY MEMBER OF LATISHA ANDREWS, CEOCompensationNo$21,159
-Family Member of Current OfficerEmployee WagesNo$12,242
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bonds Payable$710,000
Retainage Payable$341,665
Ppp Loan Payable$50,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
BNew Hope Cultural Education Facilities Finance Corporation2019-09-04$17,205,000EXPANSION OF MAIN CAMPUS
ANew Hope Cultural Education Facilities Finance Corporation2018-12-18$5,890,000EXPANSION OF MAIN CAMPUS

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$17,901,301$215,063-$124,037
A$5,922,427$73,625-$39,175

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Latisha, ceo/superintendent and martha, chief business officer have a family relation.”

Form 990, Part VI, Section B, Line 11B

“The federal form 990 is presented to the governing board for review. After approved, the form is submitted to the internal revenue service.”

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

“All invoices and/or contracts are reviewed for any conflicts of interest prior to signature/payment. Conflict of interest reports are kept in vendor file and reported to the governing board.”

Form 990, Part VI, Section B, Line 15

“The process for determining compensation of the organization's officers and/or key employees include a review and approval by the board, comparability data from the legal team and contemporaneous substantiation of all relevant details of the deliberation and decision.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Beta Foundation
EIN
45-3019142
Phone
8323312460
Address
9701 ALMEDA GENOA RD, HOUSTON, TX 77075

Signing Officer

Name
Latisha D Andrews
Title
Superintendent/CEO
Phone
8323312460
Signed
2022-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Latisha D Andrews
Formed
2011
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
6
Employees
177
Volunteers
10

Preparer

Firm
Randy Walker & Co
Address
7800 IH 10 WEST STE 505, SAN ANTONIO, TX 78230
Preparer
Randy L Walker CPA
Phone
2103669430
Supplemental Narrative

Additional Explanations

Section 1.263(A)-1(F) De Minimis Safe Harbor Election

“The beta foundation 9701 almeda genoa rd houston, tx 77075 employer identification number: 45-3019142 for the year ending august 31, 2021 the beta foundation is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).”

Form 990, Part XII, Line 2C

“The organization's process for assuming responsibility for oversight of the audit, review, or compilation of its financial statements and the selection of an independent auditor have not changed from the prior year.”

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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/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt02074
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt030136
IRS990/InformationTechnologyGrp/ProgramServicesAmt080388
IRS990/InformationTechnologyGrp/TotalAmt0112598
IRS990/InsuranceGrp/FundraisingAmt07860
IRS990/InsuranceGrp/ManagementAndGeneralAmt031440
IRS990/InsuranceGrp/ProgramServicesAmt0117901
IRS990/InsuranceGrp/TotalAmt0157201
IRS990/InterestGrp/FundraisingAmt059847
IRS990/InterestGrp/ManagementAndGeneralAmt0239388
IRS990/InterestGrp/ProgramServicesAmt0897703
IRS990/InterestGrp/TotalAmt01196938
IRS990/InvestmentIncomeGrp/ExclusionAmt028970
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt028970
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06907094
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02110035
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt032
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01440747
IRS990/LandBldgEquipBasisNetGrp/BOYAmt019577011
IRS990/LandBldgEquipBasisNetGrp/EOYAmt026115143
IRS990/LandBldgEquipCostOrOtherBssAmt027555890
IRS990/LegalDomicileStateCd0TX
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FUNDAMENTAL MISSION AND PURPOSE OF BETA FOUNDATION IS TO CREATE A SCHOOL WITH AN ENVIRONMENT OF HOPE THAT NOT ONLY NURTURES, BUT CHALLENGES STUDENTS TO BECOME SUCCESSFUL ACADEMICALLY AND IN LIFE. WE EXIST TO HELP FAMILIES FIND THE BEST EDUCATIONAL FIT FOR THEIR CHILDREN.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt08869942
IRS990/NetAssetsOrFundBalancesEOYAmt011476861
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt05952
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05952
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01779849
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt09738896
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt012550
IRS990/OccupancyGrp/ManagementAndGeneralAmt051182
IRS990/OccupancyGrp/ProgramServicesAmt0535129
IRS990/OccupancyGrp/TotalAmt0598861
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0540
IRS990/OfficeExpensesGrp/ProgramServicesAmt011209
IRS990/OfficeExpensesGrp/TotalAmt011749
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01509310
IRS990/OtherAssetsTotalGrp/EOYAmt01096318
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt018075
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt049992
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0612651
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0680718
IRS990/OtherExpensesGrp/Desc0SUPPLIES, FURNITURE & E
IRS990/OtherExpensesGrp/Desc1MAINTENANCE AND REPAIR
IRS990/OtherExpensesGrp/Desc2FOOD EXPENSE
IRS990/OtherExpensesGrp/Desc3MISC. OPERATING COSTS
IRS990/OtherExpensesGrp/FundraisingAmt050128
IRS990/OtherExpensesGrp/FundraisingAmt116816
IRS990/OtherExpensesGrp/FundraisingAmt22475
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt026269
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt167263
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt232044
IRS990/OtherExpensesGrp/ProgramServicesAmt0581263
IRS990/OtherExpensesGrp/ProgramServicesAmt1252239
IRS990/OtherExpensesGrp/ProgramServicesAmt2201354
IRS990/OtherExpensesGrp/ProgramServicesAmt3146970
IRS990/OtherExpensesGrp/TotalAmt0657660
IRS990/OtherExpensesGrp/TotalAmt1336318
IRS990/OtherExpensesGrp/TotalAmt2201354
IRS990/OtherExpensesGrp/TotalAmt3181489
IRS990/OtherLiabilitiesGrp/BOYAmt02256299
IRS990/OtherLiabilitiesGrp/EOYAmt01101665
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE RECOVERY
IRS990/OtherRevenueMiscGrp/ExclusionAmt014363
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014363
IRS990/OtherRevenueTotalAmt014363
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0135878
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0479148
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05710826
IRS990/OtherSalariesAndWagesGrp/TotalAmt06325852
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0428
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06799
IRS990/PayrollTaxesGrp/ProgramServicesAmt0104490
IRS990/PayrollTaxesGrp/TotalAmt0111717
IRS990/PensionPlanContributionsGrp/FundraisingAmt01006
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02782
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt034094
IRS990/PensionPlanContributionsGrp/TotalAmt037882
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0217280
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0280039
IRS990/PrincipalOfficerNm0LATISHA D ANDREWS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0STATE EQUALIZATION
IRS990/ProgramServiceRevenueGrp/Desc1CO-CURRICULAR OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2FOOD SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011691151
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1107378
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt230203
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011691151
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1107378
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt230203
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04888047
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0813419
IRS990/PYOtherExpensesAmt03900381
IRS990/PYOtherRevenueAmt04888
IRS990/PYProgramServiceRevenueAmt08174965
IRS990/PYRevenuesLessExpensesAmt04446585
IRS990/PYSalariesCompEmpBnftPaidAmt05534353
IRS990/PYTotalExpensesAmt09434734
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt013881319
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02606919
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt05952
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt011828732
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04560290
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05511024
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/BookValueAmt01511730
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0109695
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01621425
IRS990ScheduleD/EquipmentGrp/BookValueAmt0763228
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0945521
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01708749
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt012401536
IRS990ScheduleD/LandGrp/BookValueAmt01868744
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01868744
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06671261
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0385531
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07056792
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015300180
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt015300180
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0710000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1341665
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt250000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BONDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RETAINAGE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PPP LOAN PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt015008455
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026115143
IRS990ScheduleD/TotalExpensesPerForm990Amt012401536
IRS990ScheduleD/TotalLiabilityAmt01101665
IRS990ScheduleD/TotalRevenuePerForm990Amt015008455
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015008455
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012401536
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 ORGANIZATION MAKES ITS RACIALLY NONDISCRIMINATORY POLICY KNOWN TO ALL STUDENTS THROUGH ITS REGISTRATION PROCEDURES, PARENT SCHOLAR HANDBOOK AND THROUGH ITS WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE MAJORITY OF THE MONIES RECEIVED BY THE SCHOOL ARE EITHER STATE GRANT OR FEDERAL PROGRAM FUNDS. DURING THE YEAR ENDED AUGUST 31, 2020, THE ACADEMY RECEIVED A PAYCHECK PROTECTION PROGRAM (PPP) LOAN OF $761,300 FROM THE SMALL BUSINESS ADMINISTRATION AS PART OF THE CARES ACT PASSED DURING THE YEAR TO ASSIST SMALL BUSINESSES AND NON-PROFITS AFFECTED BY MEASURES INSTITUTED IN RESPONSE TO THE COVID-19 PANDEMIC. THE AMOUNT WAS EXPENDED ACCORDING TO THE TIME AND PURPOSE RESTRICTIONS DEFINED BY THE PPP. THE SCHOOL APPLIED AND WAS APPROVED FOR FORGIVENESS OF THE PPP LOAN IN DECEMBER 2020. THEREFORE, THE LOAN FORGIVENESS HAS BEEN RECOGNIZED AS FEDERAL PROGRAM REVENUE IN THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED AUGUST 31, 2021.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$35,112,559
Liabilities
$23,635,698
Net assets
$11,476,861
Revenue
$15,008,455
Expenses
$12,401,536
Net income
$2,606,919
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$58.7$38.5$20.2$23.2$20.6$2.61
2023Detailed filing. Detailed filing data is available for this year.$41.4$23.8$17.6$19.9$15.7$4.27
2022Detailed filing. Detailed filing data is available for this year.$36.5$23.1$13.4$15.6$13.7$1.88
2021Detailed filing. Detailed filing data is available for this year.$35.1$23.6$11.5$15.0$12.4$2.61
2020Detailed filing. Detailed filing data is available for this year.$33.6$24.7$8.87$13.9$9.43$4.45
2019Detailed filing. Detailed filing data is available for this year.$10.7$6.30$4.42$8.17$5.74$2.43
2018Detailed filing. Detailed filing data is available for this year.$2.57$0.46$2.11$5.50$5.00$0.51
2017Detailed filing. Detailed filing data is available for this year.$1.94$0.34$1.60$4.72$4.26$0.46
2016Detailed filing. Detailed filing data is available for this year.$1.34$0.20$1.14$4.33$3.42$0.91
2015Summary only. Only limited summary data is available for this year.$0.68$0.43$0.25$0.80$0.56$0.24
Peer Organizations

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