Civic Intelligence

Lake Pointe Academy Inc.

990 • Fiscal year 2017 • EIN 45-5628514

Aug 01, 2016 to Jul 31, 2017 • Filed on Oct 30, 2017

Organization ProfileWWW.LAKEPOINTEGRANBURY.COM
1921 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

97th percentile

2.35x

Higher debt load relative to assets than 97% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

0.37x

Higher debt load relative to revenue than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

37th percentile

-1.3%

Higher net margin than 37% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

85th percentile

54%

Faster asset growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

116%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$58,406

Up $20,398 (+54%) from 2016

Net Assets

Down

-$78,625

Down $18,496 (-31%) from 2016

Liabilities

Up

$137,031

Up $38,894 (+40%) from 2016

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin37th percentile

Revenue

Up

$372,954

Up $200,258 (+116%) from 2016

Expenses

Up

$377,950

Up $189,971 (+101%) from 2016

Net Income

Up

-$4,996

Up $10,287 (+67%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

2017

Assets$58,406
Liabilities$137,031
Net Assets-$78,625
Open 2017 Filing

Operations Trend

Revenue Growth93rd percentile

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

2017

Revenue$372,954
Expenses$377,950
Net Income-$4,996
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Oct 30, 2017
Return Version
2016v3.0
Gross Receipts
$372,954
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$24,500$26,824▲ $2,324
Land, Buildings, and Equipment, Net$24,647$23,983▼ $664
Prepaid Expenses and Deferred Charges$308$18,582▲ $18,274
Cash and Non-Interest-Bearing Accounts$13,053$15,841▲ $2,788
Total Assets$38,008$58,406▲ $20,398
Liabilities
Other Liabilities$39,539$59,438▲ $19,899
Accounts Payable and Accrued Expenses$34,098$50,769▲ $16,671
Total Liabilities$98,137$137,031▲ $38,894
Net Assets / Fund Balance
Unrestricted Net Assets$-60,129$-78,625▼ $18,496
Total Net Assets Fund Balance$-60,129$-78,625▼ $18,496
Total Liabilities and Net Assets / Fund Balance$38,008$58,406▲ $20,398

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$23,983$4,259$28,242
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
John HallChairman
Madalyn CanoPresident
Steve CanoEx-officio M
Susan MillerEx-officio M
Dr Donna Berkner EddMember
Jane Phillips Phd LcswMember
Kathleen Reed Med LpcSecretary
Andrea Thomas BaressiTreasurer
Jennifer Krone Ms PhdVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$34,800
Program Service Revenue
$336,036
Investment Income
$0
Other Revenue
$2,118
All Other Contributions
$34,800
Change in Net Assets
$-4,996
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$280,141
Other Expenses$97,809
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$258,367--$258,367
Fees for Services Other$68,076--$68,076
Payroll Taxes$21,774--$21,774
Occupancy$11,237--$11,237
Fees for Services Accounting$2,695--$2,695
Interest$2,542--$2,542
Depreciation Depletion$1,939--$1,939
Other Expenses$1,480--$1,480
All Other Expenses$1,210--$1,210
Office Expenses$535--$535
Fees for Services Legal$179--$179
Advertising$105--$105
Travel$10--$10
Total Functional Expenses$377,950$0$0$377,950
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$24,500$26,824▲ $2,324
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Short-term Notes - Credit Line$49,760
Payroll Liability$9,678
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 11B

“Approved by governing board.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Lake Pointe Academy Inc
EIN
45-5628514
Address
1921 ACTON HWY, GRANBURY, TX 76049

Signing Officer

Name
Madalyn Cano
Title
President
Signed
2017-10-30

Organization Details

Principal Officer
Madalyn Cano
Formed
2012
Voting Board Members
5
Independent Board Members
5
Employees
17

Preparer

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

Additional Explanations

FORM 990 - ORGANIZATION'S 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.”

Form 990, Page 2, Part III, Line 4D

“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.”

Form 990, Part IX, Line 11G

“Admin support 4,203 0 0 extra curricular/instructiona 2,050 0 0 therapeutic support 55,835 0 0 instructional support 1,475 0 0 contract services 4,513 0 0 total 68,076 0 0”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1LAKE 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/ExplanationTxt2APPROVED BY GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ADMIN SUPPORT 4,203 0 0 EXTRA CURRICULAR/INSTRUCTIONA 2,050 0 0 THERAPEUTIC SUPPORT 55,835 0 0 INSTRUCTIONAL SUPPORT 1,475 0 0 CONTRACT SERVICES 4,513 0 0 TOTAL 68,076 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt038008
IRS990/TotalAssetsEOYAmt058406
IRS990/TotalAssetsGrp/BOYAmt038008
IRS990/TotalAssetsGrp/EOYAmt058406
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt034800
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0377950
IRS990/TotalFunctionalExpensesGrp/TotalAmt0377950
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt098137
IRS990/TotalLiabilitiesEOYAmt0137031
IRS990/TotalLiabilitiesGrp/BOYAmt098137
IRS990/TotalLiabilitiesGrp/EOYAmt0137031
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-60129
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-78625
IRS990/TotalOtherProgSrvcExpenseAmt0377950
IRS990/TotalProgramServiceExpensesAmt0377950
IRS990/TotalProgramServiceRevenueAmt0336036
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0338154
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0372954
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt038008
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt058406
IRS990/TravelGrp/ProgramServicesAmt010
IRS990/TravelGrp/TotalAmt010
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-60129
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-78625
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02205 TANTON SOUND COURT
IRS990/USAddress/CityNm0GRANBURY
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076049
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.LAKEPOINTEGRANBURY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MADALYN CANO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE POINTE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0455628514
ReturnHeader/Filer/USAddress/AddressLine1Txt01921 ACTON HWY
ReturnHeader/Filer/USAddress/CityNm0GRANBURY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076049
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId09669669D404A6FD0CBFB07B8DBEA60BBD8656893
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId020536D4B78C1F36C7428F9156F54A300D1D32DB6
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263108401
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILLSHER & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02305 EAST HIGHWAY 377
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRANBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076049
ReturnHeader/PreparerPersonGrp/PhoneNum08175735597
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MOLLY WILLSHER CPA
ReturnHeader/ReturnTs02017-11-14T12:35:01-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-08-01
ReturnHeader/TaxPeriodEndDt02017-07-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$58,406
Liabilities
$137,031
Net assets
-$78,625
Revenue
$372,954
Expenses
$377,950
Net income
-$4,996
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.06$0.64$0.58$1.05$1.27$0.22
2023Summary only. Only limited summary data is available for this year.$0.03$0.39$1.75$1.40$0.35
2022Summary only. Only limited summary data is available for this year.$0.02$0.72$0.53$0.03$0.50
2019Summary only. Only limited summary data is available for this year.$0.25$1.68$1.43$3.30$3.54$0.24
2018Summary only. Only limited summary data is available for this year.$0.48$2.07$1.58$2.77$3.57$0.80
2017Detailed filing. Detailed filing data is available for this year.$0.58$1.37$0.79$3.73$3.78$0.05
2016Summary only. Only limited summary data is available for this year.$0.38$0.98$0.60$1.73$1.88$0.15
2015Detailed filing. Detailed filing data is available for this year.$0.31$0.76$0.45$3.07$3.34$0.27
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.19$0.17$1.77$1.97$0.20
2013Summary only. Only limited summary data is available for this year.$0.05$0.02$0.80$0.77$0.03