Civic Intelligence

Lake Pointe Academy Inc.

990EZ • Fiscal year 2014 • EIN 45-5628514

Jan 01, 2014 to Dec 31, 2014 • Filed on May 28, 2015

1840 Acton HwyGranbury, TX 76049

(817) 937-4332

Siviq Scores

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

Liabilities / Assets

99th percentile

11.83x

Higher debt load relative to assets than 99% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

82nd percentile

0.11x

Higher debt load relative to revenue than 82% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

22nd percentile

-11%

Higher net margin than 22% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

5th percentile

-68%

Faster asset growth than 5% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

94th percentile

123%

Faster revenue growth than 94% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$1,612

Down $3,398 (-68%) from 2013

Net Assets

-$17,466

No earlier filing loaded for comparison.

Liabilities

Up

$19,078

Up $16,609 (+673%) from 2013

Revenue

Up

$177,427

Up $97,905 (+123%) from 2013

Expenses

Up

$197,433

Up $120,452 (+156%) from 2013

Net Income

Down

-$20,006

Down $22,547 (-887%) from 2013

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100K-$200KAssets 2013: $5,010Liabilities 2013: $2,4692013Assets 2014: $1,612Liabilities 2014: $19,078Net Assets 2014: -$17,4662014Assets 2015: $30,960Liabilities 2015: $75,806Net Assets 2015: -$44,8462015Assets 2016: $38,008Liabilities 2016: $98,137Net Assets 2016: -$60,1292016Assets 2017: $58,406Liabilities 2017: $137,031Net Assets 2017: -$78,6252017Assets 2018: $48,356Liabilities 2018: $206,673Net Assets 2018: -$158,3172018Assets 2019: $24,642Liabilities 2019: $167,906Net Assets 2019: -$143,2642019Assets 2022: $1,760Liabilities 2022: $72,3072022Assets 2023: $3,305Liabilities 2023: $39,0942023Assets 2024: $5,915Liabilities 2024: $63,671Net Assets 2024: -$57,7562024

Highlighted filing

2014

Assets$1,612
Liabilities$19,078
Net Assets-$17,466

Operations Trend

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

$400K$200K$0-$200KRevenue 2013: $79,522Expenses 2013: $76,981Net Income 2013: $2,5412013Revenue 2014: $177,427Expenses 2014: $197,433Net Income 2014: -$20,0062014Revenue 2015: $306,536Expenses 2015: $333,916Net Income 2015: -$27,3802015Revenue 2016: $172,696Expenses 2016: $187,979Net Income 2016: -$15,2832016Revenue 2017: $372,954Expenses 2017: $377,950Net Income 2017: -$4,9962017Revenue 2018: $277,426Expenses 2018: $357,118Net Income 2018: -$79,6922018Revenue 2019: $329,589Expenses 2019: $353,666Net Income 2019: -$24,0772019Revenue 2022: $53,310Expenses 2022: $2,981Net Income 2022: $50,3292022Revenue 2023: $175,148Expenses 2023: $140,390Net Income 2023: $34,7582023Revenue 2024: $104,672Expenses 2024: $126,639Net Income 2024: -$21,9672024

Highlighted filing

2014

Revenue$177,427
Expenses$197,433
Net Income-$20,006
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 28, 2015
Return Version
2014v5.0
Gross Receipts
$179,850
Mission and Program Overview

Mission

The corporation is established as a school, organized for the purpose of providing primary and/or secondary academics, with an emphasis in teaching social, emotional, and behavioral skills for success in educational settings and adulthood.

Program Services

DescriptionGrantsExpenses
LAKE POINTE ACADEMY PROVIDES A THERAPEUTIC EDUCATIONAL PROGRAM TO STUDENTS WITH AUTISM SPECTRUM DISORDERS AND OTHER DEVELOPMENTAL CONDITIONS WHICH AFFECT OR IMPEDE THE STUDENT'S ABILITY TO FUNCTION OR ACHIEVE SUCCESS IN A TRADITIONAL ACADEMIC ENVIRONMENT.-$197,433
LAKE POINTE ACADEMY PROVIDES AN EXCEPTIONAL LEARNING ENVIRONMENT THAT SUPPORTS STUDENTS WITH UNIQUE LEARNING DIFFERENCES IN THE DEVELOPMENT OF ACADEMIC, SOCIAL, AND EMOTIONAL SKILLS TO ACHIEVE SUCCESS IN BECOMING INDEPENDENT AND CONTRIBUTING MEMBERS OF THEIR COMMUNITIES AND SOCIETY.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MADALYN CANOPresidentPT$0--
STEVE CANOVice Preside-$0--
JOHN HALLSecretaryPT$0--
BRAD BOYDBoard MemberPT$0--
GLYNNA PATETreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Lake Pointe Academy Inc
EIN
45-5628514
Address
1840 ACTON HWY, GRANBURY, TX 76049

Signing Officer

Name
Madalyn Cano
Title
President
Signed
2015-05-28

Preparer

Firm
Willsher & Associates Pllc
Address
2305 E HIGHWAY 377, GRANBURY, TX 76049-5921
Preparer
Molly Willsher CPA
Phone
8175735597
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 25 interest 144 insurance 1,094 bank fees 250 supplies 3,350 registration fees 850 misc 735 non-investment depreciation 916 total 7,364

Form 990-ez, Part II, Line 24

Other loans receivable 0 104 225 1,706 less accumulated depreciation 129 1,045 total 96 765

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 1,666 0 unsecured notes and loans payable 804 2,606 short-term notes - credit line 0 14,644 payroll liability 0 1,828

Form 990-ez, Part III

The corporation is established as a school, organized for the purpose of providing primary and/or secondary academics, with an emphasis in teaching social, emotional, and behavioral skills for success in educational settings and adulthood.

Form 990-ez, Part III, Line 28

Lake pointe academy provides an exceptional learning environment that supports students with unique learning differences in the development of academic, social, and emotional skills to achieve success in becoming independent and contributing members of their communities and society.

Form 990-ez, Part III, Line 31

Lake pointe academy provides a therapeutic educational program to students with autism spectrum disorders and other developmental conditions which affect or impede the student's ability to function or achieve success in a traditional academic environment.

Raw XML Appendix125 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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IRS990EZ/BooksInCareOfDetail/PhoneNum08179374332
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GRANBURY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd076049
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4GLYNNA PATE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TREASURER
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IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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IRS990EZ/PrimaryExemptPurposeTxt0THE CORPORATION IS ESTABLISHED AS A SCHOOL, ORGANIZED FOR THE PURPOSE OF PROVIDING PRIMARY AND/OR SECONDARY ACADEMICS, WITH AN EMPHASIS IN TEACHING SOCIAL, EMOTIONAL, AND BEHAVIORAL SKILLS FOR SUCCESS IN EDUCATIONAL SETTINGS AND ADULTHOOD.
IRS990EZ/ProgramServiceRevenueAmt0171081
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0LAKE POINTE ACADEMY PROVIDES AN EXCEPTIONAL LEARNING ENVIRONMENT THAT SUPPORTS STUDENTS WITH UNIQUE LEARNING DIFFERENCES IN THE DEVELOPMENT OF ACADEMIC, SOCIAL, AND EMOTIONAL SKILLS TO ACHIEVE SUCCESS IN BECOMING INDEPENDENT AND CONTRIBUTING MEMBERS OF THEIR COMMUNITIES AND SOCIETY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1LAKE POINTE ACADEMY PROVIDES A THERAPEUTIC EDUCATIONAL PROGRAM TO STUDENTS WITH AUTISM SPECTRUM DISORDERS AND OTHER DEVELOPMENTAL CONDITIONS WHICH AFFECT OR IMPEDE THE STUDENT'S ABILITY TO FUNCTION OR ACHIEVE SUCCESS IN A TRADITIONAL ACADEMIC ENVIRONMENT.
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IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.LAKEPOINTEGRANBURY.COM
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 25 INTEREST 144 INSURANCE 1,094 BANK FEES 250 SUPPLIES 3,350 REGISTRATION FEES 850 MISC 735 NON-INVESTMENT DEPRECIATION 916 TOTAL 7,364
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER LOANS RECEIVABLE 0 104 225 1,706 LESS ACCUMULATED DEPRECIATION 129 1,045 TOTAL 96 765
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 1,666 0 UNSECURED NOTES AND LOANS PAYABLE 804 2,606 SHORT-TERM NOTES - CREDIT LINE 0 14,644 PAYROLL LIABILITY 0 1,828
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CORPORATION IS ESTABLISHED AS A SCHOOL, ORGANIZED FOR THE PURPOSE OF PROVIDING PRIMARY AND/OR SECONDARY ACADEMICS, WITH AN EMPHASIS IN TEACHING SOCIAL, EMOTIONAL, AND BEHAVIORAL SKILLS FOR SUCCESS IN EDUCATIONAL SETTINGS AND ADULTHOOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LAKE POINTE ACADEMY PROVIDES AN EXCEPTIONAL LEARNING ENVIRONMENT THAT SUPPORTS STUDENTS WITH UNIQUE LEARNING DIFFERENCES IN THE DEVELOPMENT OF ACADEMIC, SOCIAL, AND EMOTIONAL SKILLS TO ACHIEVE SUCCESS IN BECOMING INDEPENDENT AND CONTRIBUTING MEMBERS OF THEIR COMMUNITIES AND SOCIETY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LAKE POINTE ACADEMY PROVIDES A THERAPEUTIC EDUCATIONAL PROGRAM TO STUDENTS WITH AUTISM SPECTRUM DISORDERS AND OTHER DEVELOPMENTAL CONDITIONS WHICH AFFECT OR IMPEDE THE STUDENT'S ABILITY TO FUNCTION OR ACHIEVE SUCCESS IN A TRADITIONAL ACADEMIC ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MADALYN CANO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE POINTE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0455628514
ReturnHeader/Filer/USAddress/AddressLine1Txt01840 ACTON HWY
ReturnHeader/Filer/USAddress/CityNm0GRANBURY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076049
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263108401
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILLSHER & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02305 E HIGHWAY 377
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRANBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0760495921
ReturnHeader/PreparerPersonGrp/PhoneNum08175735597
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MOLLY WILLSHER CPA
ReturnHeader/ReturnTs02015-06-25T10:13:54-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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Filings