Civic Intelligence

Learning Schools of Texas

990 • Fiscal year 2016 • EIN 46-1667725

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

Organization ProfileWWW.CARPEDIEMSCHOOLS.COM/SANANTONIO
8038 W Military RdSan Antonio, TX 78227

(888) 994-2762

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.62x

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

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

Liabilities / Revenue

69th percentile

0.30x

Higher debt load relative to revenue than 69% of similar nonprofits.

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

Net Margin

28th percentile

-5.7%

Higher net margin than 28% of similar nonprofits.

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

Top Officer Pay

88th percentile

$184,584

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

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

Asset Growth

95th percentile

82%

Faster asset growth than 95% of similar nonprofits.

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

Revenue Growth

97th percentile

215%

Faster revenue growth than 97% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$1,416,097

Up $637,670 (+82%) from 2015

Net Assets

Down

$541,691

Down $163,250 (-23%) from 2015

Liabilities

Up

$874,406

Up $800,920 (+1090%) from 2015

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin28th percentile

Revenue

Up

$2,880,269

Up $1,964,854 (+215%) from 2015

Expenses

Up

$3,043,519

Up $2,578,592 (+555%) from 2015

Net Income

Down

-$163,250

Down $613,738 (-136%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $337,000Liabilities 2014: $9,786Net Assets 2014: $327,2142014Assets 2015: $778,427Liabilities 2015: $73,486Net Assets 2015: $704,9412015Assets 2016: $1,416,097Liabilities 2016: $874,406Net Assets 2016: $541,6912016Assets 2017: $1,840,668Liabilities 2017: $879,226Net Assets 2017: $961,4422017Assets 2018: $390,014Liabilities 2018: $91,630Net Assets 2018: $298,3842018Assets 2019: $178,123Liabilities 2019: $1,886Net Assets 2019: $176,2372019Assets 2020: $0Net Assets 2020: $02020

Highlighted filing

2016

Assets$1,416,097
Liabilities$874,406
Net Assets$541,691
Open 2016 Filing

Operations Trend

Revenue Growth97th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $634,000Expenses 2014: $306,786Net Income 2014: $327,2142014Revenue 2015: $915,415Expenses 2015: $464,927Net Income 2015: $450,4882015Revenue 2016: $2,880,269Expenses 2016: $3,043,519Net Income 2016: -$163,2502016Revenue 2017: $3,243,281Expenses 2017: $2,823,530Net Income 2017: $419,7512017Revenue 2018: $2,510,258Expenses 2018: $3,173,316Net Income 2018: -$663,0582018Revenue 2019: $17,560Expenses 2019: $139,707Net Income 2019: -$122,1472019Expenses 2020: $176,2372020

Highlighted filing

2016

Revenue$2,880,269
Expenses$3,043,519
Net Income-$163,250
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 15, 2016
Return Version
2015v3.0
Gross Receipts
$2,880,269
Mission and Program Overview

Mission

Learning schools of texas is a tuition-free public charter school that is successfully educating 6-12th grade students in a safe, student-focused environment.

Tuition-free public charter school operation

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$703,232-
Pledges and Grants Receivable$192,876$267,007▲ $74,131
Prepaid Expenses and Deferred Charges$8,208$118,604▲ $110,396
Cash and Non-Interest-Bearing Accounts$386,085$87,244▼ $298,841
Savings and Temporary Cash Investments$11,247--
Total Assets$778,427$1,416,097▲ $637,670
Other Assets Total$180,011$240,010▲ $59,999
Liabilities
Mortgage Notes Payable Secured by Investment Property-$760,000-
Accounts Payable and Accrued Expenses$73,486$114,406▲ $40,920
Total Liabilities$73,486$874,406▲ $800,920
Net Assets / Fund Balance
Unrestricted Net Assets$704,941$541,691▼ $163,250
Total Net Assets Fund Balance$704,941$541,691▼ $163,250
Total Liabilities and Net Assets / Fund Balance$778,427$1,416,097▲ $637,670

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$703,232$173,722$876,954
Other Assets Org$75,000--
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nick FleegeCOOFT$154,625$29,959$184,584

Board Members and Trustees

NameTitle
Brandon SealeBoard Chairm
Don SoiferTrustee
Felix OdigieTrustee
Katy DavidTrustee
Martin RicoTrustee
Rick OgstonSuperintende
Revenue and Support

Revenue Composition

Contributions and Grants
$2,794,147
Program Service Revenue
$8,106
Investment Income
$0
Other Revenue
$78,016
All Other Contributions
$406,875
Change in Net Assets
$-163,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,844,869
Salaries, Compensation, and Employee Benefits$1,198,650
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$668,785$109,508-$778,293
Occupancy$585,099$21,183-$606,282
Fees for Services Other$223,170$327,375-$550,545
Other Employee Benefits$86,676$126,664-$213,340
Office Expenses$157,430$46,306-$203,736
Depreciation Depletion$173,722--$173,722
Current Officers, Directors, Trustees, and Key Employees-$149,625-$149,625
Other Expenses$85,523$105,046-$85,523
Fees for Services Legal-$44,093-$44,093
Travel$30,127$3,481-$33,608
Pension Plan Contributions$25,001$8,459-$33,460
Payroll Taxes$17,081$6,851-$23,932
Insurance-$20,349-$20,349
Interest$10,250--$10,250
Fees for Services Accounting-$8,425-$8,425
Total Functional Expenses$2,066,154$977,365$0$3,043,519
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Page 6, Part VI, Line 11B

“The superintendent is provided a copy of the 990 for review and approval. The board receives a copy for their information only.”

Form 990, Page 6, Part VI, Line 12C

“Each director, principal officer and member of a committee with board delegated powers shall annually review and sign a conflict of interest statement. Upon any disclosure of a conflict - the interested person is excused from a board or committee members shall decide if a conflict of interest exists by a two-thirds vote - they will then proceed accordingly and evaluate all alternatives.”

Form 990, Page 6, Part VI, Line 15A

“Compensation recommendations for the ceo and top officials are based on experience and current market factors and are reviewed by a neutral third party management company.”

Form 990, Page 6, Part VI, Line 15B

“Compensation recommendations for the officers and key employees are based on experience and current market factors and are reviewed by a neutral third party management company.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available on the tea's (texas education agency) website, as well as available by request to the school, whether the request be verbal or written.”

Filing and Contact Details

Filer

Filer Name
Learning Schools of Texas
EIN
46-1667725
Phone
8889942762
Address
8038 W MILITARY RD, SAN ANTONIO, TX 78227
Doing Business As
Carpe Diem Schools

Signing Officer

Name
Rick Ogston
Title
Superintendent
Phone
8889942762
Signed
2016-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Ogston
Formed
2013
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
23
Volunteers
5

Preparer

Firm
Armstrong Vaughan & Associates Pc
Address
941 WEST BYRD BLVD STE 101, UNIVERSAL CITY, TX 78148
Preparer
Phil Vaughan
Phone
2106586229
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees 223,170 327,375 0”

Form 990, Part XII

“A financial statement audit was not performed for the tax year ending june 30, 2016. However, an audit is being performed for the year ending august, 31, 2016 for the texas education agency.”

Raw XML Appendix397 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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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIVES FUNDS FROM THE TEXAS EDUCATION AGENCY UNDER THE FOUNDATION SCHOOL PROGRAM WHICH PROVIDES FUNDING IN SUPPORT OF THE ONGOING OPERATING COSTS OF PUBLIC SCHOOLS AND AID FOR THE REPAYMENT OF LONG-TERM DEBT ISSUED TO BUILD SCHOOL FACILITIES. FEDERAL GRANTS ARE ALSO RECEIVED FOR SCHOOL MEALS PROGRAMS, FUNDING FOR IMPROVING THE ACADEMIC ACHIEVMENT OF DISADVANTAGED STUDENTS AND STUDENTS WITH DISABILITIES AND A START-UP GRANT THAT PROVIDES FINANCIAL ASSISTANCE FOR THE PLANNING, PROGRAM DESIGN, AND INITIAL IMPLEMENTATION OF CHARTER SCHOOLS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0154625
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt029959
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0NICK FLEEGE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0184584
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SUPERINTENDENT IS PROVIDED A COPY OF THE 990 FOR REVIEW AND APPROVAL. THE BOARD RECEIVES A COPY FOR THEIR INFORMATION ONLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY REVIEW AND SIGN A CONFLICT OF INTEREST STATEMENT. UPON ANY DISCLOSURE OF A CONFLICT - THE INTERESTED PERSON IS EXCUSED FROM A BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS BY A TWO-THIRDS VOTE - THEY WILL THEN PROCEED ACCORDINGLY AND EVALUATE ALL ALTERNATIVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION RECOMMENDATIONS FOR THE CEO AND TOP OFFICIALS ARE BASED ON EXPERIENCE AND CURRENT MARKET FACTORS AND ARE REVIEWED BY A NEUTRAL THIRD PARTY MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION RECOMMENDATIONS FOR THE OFFICERS AND KEY EMPLOYEES ARE BASED ON EXPERIENCE AND CURRENT MARKET FACTORS AND ARE REVIEWED BY A NEUTRAL THIRD PARTY MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE ON THE TEA'S (TEXAS EDUCATION AGENCY) WEBSITE, AS WELL AS AVAILABLE BY REQUEST TO THE SCHOOL, WHETHER THE REQUEST BE VERBAL OR WRITTEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER PROFESSIONAL FEES 223,170 327,375 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6A FINANCIAL STATEMENT AUDIT WAS NOT PERFORMED FOR THE TAX YEAR ENDING JUNE 30, 2016. HOWEVER, AN AUDIT IS BEING PERFORMED FOR THE YEAR ENDING AUGUST, 31, 2016 FOR THE TEXAS EDUCATION AGENCY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0778427
IRS990/TotalAssetsEOYAmt01416097
IRS990/TotalAssetsGrp/BOYAmt0778427
IRS990/TotalAssetsGrp/EOYAmt01416097
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt02794147
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0977365
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02066154
IRS990/TotalFunctionalExpensesGrp/TotalAmt03043519
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt073486
IRS990/TotalLiabilitiesEOYAmt0874406
IRS990/TotalLiabilitiesGrp/BOYAmt073486
IRS990/TotalLiabilitiesGrp/EOYAmt0874406
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0704941
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0541691
IRS990/TotalOtherCompensationAmt029959
IRS990/TotalProgramServiceExpensesAmt02066154
IRS990/TotalProgramServiceRevenueAmt08106
IRS990/TotalReportableCompFromOrgAmt0154625
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt086122
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02880269
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0778427
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01416097
IRS990/TravelGrp/ManagementAndGeneralAmt03481
IRS990/TravelGrp/ProgramServicesAmt030127
IRS990/TravelGrp/TotalAmt033608
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0704941
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0541691
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08038 W MILITARY RD
IRS990/USAddress/CityNm0SAN ANTONIO
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078227
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.CARPEDIEMSCHOOLS.COM/SANANTONIO
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICK OGSTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SUPERINTENDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08889942762
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-12-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEARNING SCHOOLS OF TEXAS
ReturnHeader/Filer/BusinessNameControlTxt0LEAR
ReturnHeader/Filer/EIN0461667725
ReturnHeader/Filer/PhoneNum08889942762
ReturnHeader/Filer/USAddress/AddressLine1Txt08038 W MILITARY RD
ReturnHeader/Filer/USAddress/CityNm0SAN ANTONIO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078227
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0742332623
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ARMSTRONG VAUGHAN & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0941 WEST BYRD BLVD STE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0UNIVERSAL CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078148
ReturnHeader/PreparerPersonGrp/PhoneNum02106586229
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PHIL VAUGHAN
ReturnHeader/ReturnTs02017-05-12T11:04:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,416,097
Liabilities
$874,406
Net assets
$541,691
Revenue
$2,880,269
Expenses
$3,043,519
Net income
-$163,250
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.18$0.00$0.18$0.02$0.14$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.09$0.30$2.51$3.17$0.66
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.84$0.88$0.96$3.24$2.82$0.42
2016Detailed filing. Detailed filing data is available for this year.$1.42$0.87$0.54$2.88$3.04$0.16
2015Summary only. Only limited summary data is available for this year.$0.78$0.07$0.70$0.92$0.46$0.45
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.01$0.33$0.63$0.31$0.33