Civic Intelligence

Austin Classical School

990 • Fiscal year 2023 • EIN 46-1761082

Jul 01, 2022 to Jun 30, 2023 • Filed on May 14, 2024

PO Box 200490Austin, TX 78720

(512) 215-2692

Siviq Scores

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

Liabilities / Assets

80th percentile

0.40x

Higher debt load relative to assets than 80% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

78th percentile

0.42x

Higher debt load relative to revenue than 78% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

46th percentile

2.4%

Higher net margin than 46% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

65th percentile

$94,500

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

58th percentile

7.7%

Faster asset growth than 58% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

63rd percentile

16%

Faster revenue growth than 63% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,344,189

Up $166,826 (+7.7%) from 2022

Net Assets

Up

$1,403,966

Up $41,965 (+3.1%) from 2022

Liabilities

Up

$940,223

Up $124,861 (+15%) from 2022

Revenue

Up

$2,247,845

Up $314,364 (+16%) from 2022

Expenses

Up

$2,193,161

Up $578,510 (+36%) from 2022

Net Income

Down

$54,684

Down $264,146 (-83%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2014: $60,559Liabilities 2014: $69,1362014Assets 2015: $81,196Liabilities 2015: $84,3972015Assets 2016: $141,886Liabilities 2016: $67,788Net Assets 2016: $74,0982016Assets 2017: $347,684Liabilities 2017: $213,737Net Assets 2017: $133,9472017Assets 2018: $493,325Liabilities 2018: $254,610Net Assets 2018: $238,7152018Assets 2019: $1,334,287Liabilities 2019: $315,761Net Assets 2019: $1,018,5262019Assets 2020: $1,416,472Liabilities 2020: $375,029Net Assets 2020: $1,041,4432020Assets 2021: $1,581,387Liabilities 2021: $538,216Net Assets 2021: $1,043,1712021Assets 2022: $2,177,363Liabilities 2022: $815,362Net Assets 2022: $1,362,0012022Assets 2023: $2,344,189Liabilities 2023: $940,223Net Assets 2023: $1,403,9662023Assets 2024: $2,501,608Liabilities 2024: $1,106,721Net Assets 2024: $1,394,8872024

Highlighted filing

2023

Assets$2,344,189
Liabilities$940,223
Net Assets$1,403,966

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $124,647Expenses 2014: $127,507Net Income 2014: -$2,8602014Revenue 2015: $76,268Expenses 2015: $70,892Net Income 2015: $5,3762015Revenue 2016: $340,634Expenses 2016: $263,335Net Income 2016: $77,2992016Revenue 2017: $452,076Expenses 2017: $392,227Net Income 2017: $59,8492017Revenue 2018: $623,970Expenses 2018: $519,202Net Income 2018: $104,7682018Revenue 2019: $1,520,303Expenses 2019: $740,492Net Income 2019: $779,8112019Revenue 2020: $1,083,691Expenses 2020: $1,060,779Net Income 2020: $22,9122020Revenue 2021: $1,263,218Expenses 2021: $1,261,490Net Income 2021: $1,7282021Revenue 2022: $1,933,481Expenses 2022: $1,614,651Net Income 2022: $318,8302022Revenue 2023: $2,247,845Expenses 2023: $2,193,161Net Income 2023: $54,6842023Revenue 2024: $2,821,601Expenses 2024: $2,830,680Net Income 2024: -$9,0792024

Highlighted filing

2023

Revenue$2,247,845
Expenses$2,193,161
Net Income$54,684
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$2,313,319
Mission and Program Overview

Mission

Austin classical school exists to glorify jesus christ by co-laboring with families to cultivate wise, virtuous, and humble students through an excellent classical, christian education.

Austin Classical School is a classical, Christian, hybrid educational schedule school currently serving grades pre-K through 10th.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$568,304$1,173,922▲ $605,618
Cash and Non-Interest-Bearing Accounts$1,102,170$646,074▼ $456,096
Land, Buildings, and Equipment, Net$475,268$509,610▲ $34,342
Prepaid Expenses and Deferred Charges$18,767$14,583▼ $4,184
Accounts Receivable$12,854--
Total Assets$2,177,363$2,344,189▲ $166,826
Liabilities
Deferred Revenue$806,177$927,644▲ $121,467
Accounts Payable and Accrued Expenses-$12,579-
Other Liabilities$9,185--
Total Liabilities$815,362$940,223▲ $124,861
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,362,001$476,322▼ $885,679
Total Net Assets Fund Balance$1,362,001$1,403,966▲ $41,965
Total Liabilities and Net Assets / Fund Balance$2,177,363$2,344,189▲ $166,826

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$509,610$163,526$673,136
Other Land Buildings$0$60,004$60,004
Equipment$0$13,204$13,204
Buildings$0--
Land$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022----$0
2021----$0
2020----$0
2019----$0
2018----$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Teresa Cici ScottExecutive DirectorFT$94,500$94,500
William Andrew BrummettHead of Upper SchoolFT$67,083$67,083
Kathryn FosheaHead of Grammar SchoolPT$55,825$55,825
Stephanie LuckeTreasurerPT$50,975$50,975

Board Members and Trustees

NameTitle
Kevin ReichlePresident
Brian RileyVice President
Brent JacksonBoard Member
Chris LaPointBoard Member
Jim McKinleyBoard Member
Matthew BrownfieldBoard Member
Anna MarshallSecretary
Erin MinorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$505,730
Program Service Revenue
$1,722,858
Investment Income
$13,738
Other Revenue
$5,519
All Other Contributions
$264,586
Change in Net Assets
$54,684

Audited Revenue Reconciliation

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

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,423,542
Other Expenses$650,191
Grants and Similar Amounts Paid$119,428
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$822,659$174,313$0$996,972
Occupancy$432,224$0$0$432,224
Current Officers, Directors, Trustees, and Key Employees$262,469$55,614$0$318,083
Grants to Domestic Individuals$119,428--$119,428
Payroll Taxes$86,462$18,321$0$104,783
Other Expenses$23,324$0$0$23,324
Depreciation Depletion$22,393$0$0$22,393
Information Technology$17,358$0$0$17,358
Conferences and Meetings$16,122$0$0$16,122
Office Expenses$15,025$0$0$15,025
Insurance$8,859$2,300$0$11,159
Fees for Services Accounting$0$6,214$0$6,214
Advertising$6,144$0$0$6,144
Other Employee Benefits$3,056$648$0$3,704
Travel$458$0$0$458
Total Functional Expenses$1,935,751$257,410$0$2,193,161

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,240
Fundraising Direct Expenses$3,871
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
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
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

Part VI, Section A, Line 8A

No documentation has occurred.

Part VI, Section A, Line 8B

No documentation has ocurred.

Part VI, Section B, Line 11B

Form 990 is reconciled to the organization's financials and questionnaires are reviewed by the Director of Finance.

Part VI, Section B, Line 12C

Board members are reminded annually to disclose any conflicts of interest.

Part VI, Section B Line 15A

The Board uses comparison data with similar schools to assist in determining the Executive Director's compensation.

Part VI, Section B Line 15B

The Director of Finance uses comparison data with similar schools to assist in determining compensation for other officers and key employees.

Part VI, Section B, Line 19

No other documents available to the public.

Filing and Contact Details

Filer

Filer Name
Austin Classical School
EIN
46-1761082
Phone
5122152692
Address
PO Box 200490, Austin, TX 78720

Signing Officer

Name
Stephanie Lucke
Title
Treasurer
Signed
2024-05-14
Discuss with paid preparer
No

Organization Details

Formed
2013
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
76
Volunteers
75

Preparer

Firm
Montemayor Britton Bender Pc
Address
2110 B Boca Raton Suite B 102, Austin, TX 78747
Preparer
Arturo Montemayor III
Phone
5124420380
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
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