Civic Intelligence

Village Tech Schools

990 • Fiscal year 2018 • EIN 45-5607359

Sep 01, 2017 to Aug 31, 2018 • Filed on Jun 27, 2019

Organization ProfileWWW.VILLAGETECHSCHOOLS.ORG

View Organization Page

402 W Danieldale RoadDuncanville, TX 75137

(972) 291-1390

Siviq Scores

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

Liabilities / Assets

90th percentile

0.92x

Higher debt load relative to assets than 90% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

2.70x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

19th percentile

-6.9%

Higher net margin than 19% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$94,368

Higher top officer pay than 20% of similar nonprofits.

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

99th percentile

491%

Faster asset growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

77th percentile

20%

Faster revenue growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$23,477,610

Up $19,502,744 (+491%) from 2017

Net Assets

Down

$1,858,795

Down $549,758 (-23%) from 2017

Liabilities

Up

$21,618,815

Up $20,052,502 (+1280%) from 2017

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin19th percentile

Revenue

Up

$8,020,595

Up $1,315,325 (+20%) from 2017

Expenses

Up

$8,570,353

Up $2,411,632 (+39%) from 2017

Net Income

Down

-$549,758

Down $1,096,307 (-201%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$40M$30M$20M$10M$0Assets 2012: $12,444Liabilities 2012: $0Net Assets 2012: $12,4442012Assets 2013: $2,539,756Liabilities 2013: $2,113,535Net Assets 2013: $426,2212013Assets 2014: $2,563,759Liabilities 2014: $2,025,456Net Assets 2014: $538,3032014Assets 2015: $4,176,984Liabilities 2015: $2,413,318Net Assets 2015: $1,763,6662015Assets 2016: $3,774,106Liabilities 2016: $1,912,102Net Assets 2016: $1,862,0042016Assets 2017: $3,974,866Liabilities 2017: $1,566,313Net Assets 2017: $2,408,5532017Assets 2018: $23,477,610Liabilities 2018: $21,618,815Net Assets 2018: $1,858,7952018Assets 2019: $31,257,676Liabilities 2019: $28,372,981Net Assets 2019: $2,884,6952019Assets 2020: $31,323,467Liabilities 2020: $27,888,400Net Assets 2020: $3,435,0672020Assets 2021: $31,509,934Liabilities 2021: $27,717,895Net Assets 2021: $3,792,0392021Assets 2022: $32,290,922Liabilities 2022: $27,695,749Net Assets 2022: $4,595,1732022Assets 2023: $33,612,553Liabilities 2023: $28,993,761Net Assets 2023: $4,618,7922023Assets 2024: $33,203,374Liabilities 2024: $27,354,416Net Assets 2024: $5,848,9582024

Highlighted filing

2018

Assets$23,477,610
Liabilities$21,618,815
Net Assets$1,858,795
Open 2018 Filing

Operations Trend

Revenue Growth77th percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2012: $22,868Expenses 2012: $10,424Net Income 2012: $12,4442012Revenue 2013: $1,935,331Expenses 2013: $1,521,554Net Income 2013: $413,7772013Revenue 2014: $4,950,918Expenses 2014: $4,228,879Net Income 2014: $722,0392014Revenue 2015: $6,143,392Expenses 2015: $4,918,028Net Income 2015: $1,225,3642015Revenue 2016: $6,019,386Expenses 2016: $5,921,048Net Income 2016: $98,3382016Revenue 2017: $6,705,270Expenses 2017: $6,158,721Net Income 2017: $546,5492017Revenue 2018: $8,020,595Expenses 2018: $8,570,353Net Income 2018: -$549,7582018Revenue 2019: $10,700,284Expenses 2019: $9,674,385Net Income 2019: $1,025,8992019Revenue 2020: $11,126,237Expenses 2020: $10,575,864Net Income 2020: $550,3732020Revenue 2021: $12,030,130Expenses 2021: $11,673,158Net Income 2021: $356,9722021Revenue 2022: $14,785,373Expenses 2022: $13,982,239Net Income 2022: $803,1342022Revenue 2023: $14,652,616Expenses 2023: $14,628,997Net Income 2023: $23,6192023Revenue 2024: $15,475,744Expenses 2024: $14,245,578Net Income 2024: $1,230,1662024

Highlighted filing

2018

Revenue$8,020,595
Expenses$8,570,353
Net Income-$549,758
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jun 27, 2019
Return Version
2017v2.3
Gross Receipts
$8,020,595
Mission and Program Overview

Mission

Operations of schools for the education of students using individualized curriculum

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,004,239$17,240,530▲ $14,236,291
Cash and Non-Interest-Bearing Accounts$696,638$1,769,927▲ $1,073,289
Accounts Receivable$99,481$181,156▲ $81,675
Prepaid Expenses and Deferred Charges$81,808$84,654▲ $2,846
Total Assets$3,974,866$23,477,610▲ $19,502,744
Other Assets Total$92,700$4,201,343▲ $4,108,643
Liabilities
Tax Exempt Bond Liabilities-$17,993,187-
Mortgage Notes Payable Secured by Investment Property$1,491,596$2,157,555▲ $665,959
Accounts Payable and Accrued Expenses$64,433$1,463,042▲ $1,398,609
Grants Payable$6,950--
Deferred Revenue$3,334$5,031▲ $1,697
Total Liabilities$1,566,313$21,618,815▲ $20,052,502
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,238,424$1,680,509▼ $557,915
Unrestricted Net Assets$170,129$178,286▲ $8,157
Total Net Assets Fund Balance$2,408,553$1,858,795▼ $549,758
Total Liabilities and Net Assets / Fund Balance$3,974,866$23,477,610▲ $19,502,744

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,875,326$2,595,435$17,470,761
Land$2,077,145-$2,077,145
Equipment$72,584$314,830$387,414
Other Land Buildings$215,475-$215,475
Other Assets Org$4,108,643--
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David L WilliamsSuperintendentFT$91,049$3,319$94,368
Robert G JohansenAsst SuperintendentFT$88,000$3,319$91,319
Jeremy K JamesonCOOFT$86,727$3,319$90,046
Amber D RobinsonCFOFT$77,622$19$77,641

Board Members and Trustees

NameTitle
Daniel G PriceBoard President
Jerry CookBoard Member
Lucy HaleBoard Member
Melissa Valadez-cummingsBoard Member
Joshua NasonBoard Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$14,407
Program Service Revenue
$7,939,522
Investment Income
$66,666
Other Revenue
$0
All Other Contributions
$14,407
Change in Net Assets
$-549,758

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,020,595
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,020,595
Total Revenue per Form 990
$8,020,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,348,308
Salaries, Compensation, and Employee Benefits$4,222,045
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,454,466$60,293-$3,514,759
Depreciation Depletion$2,135,554$82,504-$2,218,058
Occupancy$826,158$28,528-$854,686
Fees for Services Other$341,192$69,067-$410,259
Current Officers, Directors, Trustees, and Key Employees-$343,398-$343,398
Other Employee Benefits$291,772$17,620-$309,392
Interest-$146,747-$146,747
Insurance-$59,873-$59,873
All Other Expenses$56,876--$56,876
Office Expenses-$55,315-$55,315
Payroll Taxes$48,793$5,703-$54,496
Other Expenses$49,921$14,837-$49,921
Fees for Services Legal-$43,139-$43,139
Fees for Services Accounting-$20,770-$20,770
Travel-$4,859-$4,859
Total Functional Expenses$7,617,700$952,653$0$8,570,353

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,570,353
Total Expenses per Audited Statements$8,570,353
Total Expenses per Form 990$8,570,353
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
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANewark Higher Education Finance Corporation2017-11-29$98Construction of school building loan
BNewark Higher Education Finance Corporation2017-11-29$98Construction of school building loan
CNewark Higher Education Finance Corporation2017-11-29$98Construction of school building loan

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$10,277,666--$205,553
B$5,249,531--$104,991
A$2,794,502--$55,890

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
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 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
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 B, Line 11B

“The form 990 is provided to the governing body and organization's officers prior to its submission and is approved by at least two officers prior to its submission.”

Form 990, Part VI, Section B, Line 15

“The board approves all salaries of officers and key employees.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, financial statements and form 990 filing are available upon request.”

Filing and Contact Details

Filer

Filer Name
Village Tech Schools
EIN
45-5607359
Phone
9722911390
Address
402 W DANIELDALE ROAD, DUNCANVILLE, TX 75137

Signing Officer

Name
David Williams
Title
CEO
Phone
9723911390
Signed
2019-06-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Williams
Formed
2012
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
135
Volunteers
266

Preparer

Firm
Gregory S Delk CPA
Address
100 ALLENTOWN PKWY SUITE 202, ALLEN, TX 75002-4216
Preparer
Gregory S Delk
Phone
4696753072
Supplemental Narrative

Additional Explanations

Form 990 Part XII Line 2C

“There have been no changes in the process from the prior year.”

Raw XML AppendixShowing 400 of 525 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/OtherExpensesGrp/TotalAmt162444
IRS990/OtherExpensesGrp/TotalAmt261806
IRS990/OtherExpensesGrp/TotalAmt349921
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt060293
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03454466
IRS990/OtherSalariesAndWagesGrp/TotalAmt03514759
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05703
IRS990/PayrollTaxesGrp/ProgramServicesAmt048793
IRS990/PayrollTaxesGrp/TotalAmt054496
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt081808
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt084654
IRS990/PrincipalOfficerNm0DAVID WILLIAMS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/Desc0STATE EDUCATION ALLOTM
IRS990/ProgramServiceRevenueGrp/Desc1LOCAL FOOD/ACTIVITY FU
IRS990/ProgramServiceRevenueGrp/Desc2FEDERAL EDUCATION PROG
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07239367
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1480460
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2219695
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07239367
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1480460
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2219695
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0686
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02413630
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt06704584
IRS990/PYRevenuesLessExpensesAmt0546549
IRS990/PYSalariesCompEmpBnftPaidAmt03745091
IRS990/PYTotalExpensesAmt06158721
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06705270
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-549758
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt08006188
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt014875326
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02595435
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017470761
IRS990ScheduleD/EquipmentGrp/BookValueAmt072584
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0314830
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0387414
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08570353
IRS990ScheduleD/LandGrp/BookValueAmt02077145
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02077145
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt092700
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14108643
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROWED LONG TERM DEBT RESERVES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0215475
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0215475
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08020595
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017240530
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04201343
IRS990ScheduleD/TotalExpensesPerForm990Amt08570353
IRS990ScheduleD/TotalRevenuePerForm990Amt08020595
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08020595
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08570353
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 SCHOOL OPERATES UNDER A TEXAS OPEN ENROLLMENT CHARTER PROHIBITING DISCRIMINATION AND ACCEPTING ALL STUDENTS WITHIN THEIR GEOGRAPHIC BOUNDARIES UNDER THE SAME RULES AS THE TEXAS PUBLIC SCHOOLS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES THE USUAL FEDERAL EDUCATION GRANTS AND STATE EDUCATION PROGRAM REVENUES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd20
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02017-11-29
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12017-11-29
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt22017-11-29
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0465361566
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1465361566
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN2465361566
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0650346DA4
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum1650346DB2
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum2650346DC0
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd20
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt098
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt198
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt298
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0NEWARK HIGHER EDUCATION FINANCE CORPORATION
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1NEWARK HIGHER EDUCATION FINANCE CORPORATION
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt2NEWARK HIGHER EDUCATION FINANCE CORPORATION
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd20
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd20
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0CONSTRUCTION OF SCHOOL BUILDING LOAN
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1CONSTRUCTION OF SCHOOL BUILDING LOAN
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc2CONSTRUCTION OF SCHOOL BUILDING LOAN
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd11
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd21
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd20
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt02549506

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,477,610
Liabilities
$21,618,815
Net assets
$1,858,795
Revenue
$8,020,595
Expenses
$8,570,353
Net income
-$549,758
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$33.2$27.4$5.85$15.5$14.2$1.23
2023Detailed filing. Detailed filing data is available for this year.$33.6$29.0$4.62$14.7$14.6$0.02
2022Detailed filing. Detailed filing data is available for this year.$32.3$27.7$4.60$14.8$14.0$0.80
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.5$27.7$3.79$12.0$11.7$0.36
2020Detailed filing. Detailed filing data is available for this year.$31.3$27.9$3.44$11.1$10.6$0.55
2019Detailed filing. Detailed filing data is available for this year.$31.3$28.4$2.88$10.7$9.67$1.03
2018Detailed filing. Detailed filing data is available for this year.$23.5$21.6$1.86$8.02$8.57$0.55
2017Detailed filing. Detailed filing data is available for this year.$3.97$1.57$2.41$6.71$6.16$0.55
2016Detailed filing. Detailed filing data is available for this year.$3.77$1.91$1.86$6.02$5.92$0.10
2015Summary only. Only limited summary data is available for this year.$4.18$2.41$1.76$6.14$4.92$1.23
2014Summary only. Only limited summary data is available for this year.$2.56$2.03$0.54$4.95$4.23$0.72
2013Detailed filing. Detailed filing data is available for this year.$2.54$2.11$0.43$1.94$1.52$0.41
2012Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.02$0.01$0.01