Civic Intelligence

Foundation Preparatory Academy

990 • Fiscal year 2017 • EIN 46-3175065

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 26, 2018

Organization Profilefoundationprep.com
PO Box 488Lake Jackson, TX 77566

(979) 265-1111

Siviq Scores

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

Liabilities / Assets

71st percentile

0.04x

Higher debt load relative to assets than 71% of similar nonprofits.

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

Liabilities / Revenue

68th percentile

0.02x

Higher debt load relative to revenue than 68% of similar nonprofits.

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

Net Margin

22nd percentile

-11%

Higher net margin than 22% 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

21st percentile

-18%

Faster asset growth than 21% of similar nonprofits.

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

Revenue Growth

29th percentile

-14%

Faster revenue growth than 29% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$90,645

Down $20,566 (-18%) from 2016

Net Assets

Down

$86,971

Down $23,070 (-21%) from 2016

Liabilities

Up

$3,674

Up $2,504 (+214%) from 2016

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin22nd percentile

Revenue

Down

$208,981

Down $32,647 (-14%) from 2016

Expenses

Up

$232,051

Up $53,172 (+30%) from 2016

Net Income

Down

-$23,070

Down $85,819 (-137%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$200K$150K$100K$50K$0Assets 2014: $8,339Liabilities 2014: $02014Assets 2015: $47,292Net Assets 2015: $47,2922015Assets 2016: $111,211Liabilities 2016: $1,170Net Assets 2016: $110,0412016Assets 2017: $90,645Liabilities 2017: $3,674Net Assets 2017: $86,9712017Assets 2018: $99,363Liabilities 2018: $2,388Net Assets 2018: $96,9752018Assets 2019: $86,920Liabilities 2019: $529Net Assets 2019: $86,3912019Assets 2020: $87,946Liabilities 2020: $35,648Net Assets 2020: $52,2982020Assets 2021: $164,116Liabilities 2021: $74,228Net Assets 2021: $89,8882021Assets 2022: $162,582Liabilities 2022: $73,343Net Assets 2022: $89,2392022Assets 2023: $137,745Liabilities 2023: $73,339Net Assets 2023: $64,4062023Assets 2024: $126,147Liabilities 2024: $54,255Net Assets 2024: $71,8922024Assets 2025: $137,679Liabilities 2025: $62,484Net Assets 2025: $75,1952025

Highlighted filing

2017

Assets$90,645
Liabilities$3,674
Net Assets$86,971
Open 2017 Filing

Operations Trend

Revenue Growth29th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2014: $14,877Expenses 2014: $6,538Net Income 2014: $8,3392014Revenue 2015: $183,775Expenses 2015: $144,822Net Income 2015: $38,9532015Revenue 2016: $241,628Expenses 2016: $178,879Net Income 2016: $62,7492016Revenue 2017: $208,981Expenses 2017: $232,051Net Income 2017: -$23,0702017Revenue 2018: $234,188Expenses 2018: $224,184Net Income 2018: $10,0042018Revenue 2019: $219,407Expenses 2019: $229,991Net Income 2019: -$10,5842019Revenue 2020: $173,155Expenses 2020: $207,248Net Income 2020: -$34,0932020Revenue 2021: $255,534Expenses 2021: $217,944Net Income 2021: $37,5902021Revenue 2022: $263,473Expenses 2022: $264,122Net Income 2022: -$6492022Revenue 2023: $281,493Expenses 2023: $306,330Net Income 2023: -$24,8372023Revenue 2024: $339,335Expenses 2024: $331,849Net Income 2024: $7,4862024Revenue 2025: $347,839Expenses 2025: $344,536Net Income 2025: $3,3032025

Highlighted filing

2017

Revenue$208,981
Expenses$232,051
Net Income-$23,070
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 26, 2018
Return Version
2016v3.0
Gross Receipts
$224,519
Mission and Program Overview

Mission

Provide a college-preparatory education in a Christian environment through a University-Model School- a blend of traditional public and private schools and home schools. Currently 3rd-11th grade.

Provide a college-preparatory education in a Christian environment through a University-Model School- a blend of traditional public and private schools and home schools. Currently 2nd-12th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$108,052$90,288▼ $17,764
Rtn Earn Endowment Incm Other Fnds$110,041$86,971▼ $23,070
Total Assets$111,211$90,645▼ $20,566
Other Assets Total$3,159$357▼ $2,802
Liabilities
Accounts Payable and Accrued Expenses$1,170$3,674▲ $2,504
Total Liabilities$1,170$3,674▲ $2,504
Net Assets / Fund Balance
Total Net Assets Fund Balance$110,041$86,971▼ $23,070
Total Liabilities and Net Assets / Fund Balance$111,211$90,645▼ $20,566

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$19,363$19,363
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Derek ResterChairman
Amy CammaranoVice Chairman
David Van EssenDirector
Jessica BoyceDirector
Lisa ResterDirector
Peter CammaranoDirector
Todd ReavesDirector
Whitney ReavesSecretary
Don CameronTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$31,110
Program Service Revenue
$176,358
Investment Income
$132
Other Revenue
$1,381
All Other Contributions
$31,110
Change in Net Assets
$-23,070
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$177,823
Other Expenses$54,228
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$157,107$3,500-$160,607
Occupancy$16,820--$16,820
Payroll Taxes$14,648--$14,648
Insurance$5,483--$5,483
Conferences and Meetings$2,998--$2,998
Other Employee Benefits$2,568--$2,568
Office Expenses$2,141--$2,141
Advertising$2,072--$2,072
Other Expenses$815--$815
Fees for Services Accounting-$650-$650
Travel$443--$443
Information Technology$233--$233
All Other Expenses$220--$220
Total Functional Expenses$227,901$4,150$0$232,051
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$13,000
Fundraising Gross Income$11,705
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
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
No
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 A, Line 2

“Directors with family relationship Amy Cammarano Peter Cammarano, Derek Rester Lisa Rester”

Form 990, Part VI, Section B, Line 11B

“Reviewed at board meeting”

Form 990, Part VI, Section B, Line 12

“Conflict of Interest statements are signed annually by Board members and officers as well as key staff within the organization. Chairman and Treasurer review conflict of interest policy and statements annually”

Form 990, Part VI, Section B, Line 15

“Employee salaries were based in part on similar sister organizations within the State of Texas after discussion and review of their pay practices. Also, pay practices of the local school district form a solid basis of comparison”

Form 990, Part VI, Section C, Line 19

“A State of the School address was made in February wherein the current financial status of the school was discussed. Most governing policy is available from the schools webpage and through the Student Handbook. Organizational policy isavailable to teachers, staff, parents, students and prospective students upon request or as needed. Conflict of Interest Status is also discussed in the State of the School addresses or upon request.”

Filing and Contact Details

Filer

Filer Name
Foundation Preparatory Academy
EIN
46-3175065
Phone
9792651111
Address
PO BOX 488, LAKE JACKSON, TX 77566

Signing Officer

Name
Don Cameron
Title
Treasurer
Signed
2018-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derek Rester
Formed
2013
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
18
Volunteers
20

Preparer

Preparer
Tammy D Parker
Phone
9792970999
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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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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0false
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Directors with family relationship Amy Cammarano Peter Cammarano, Derek Rester Lisa Rester
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Reviewed at board meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Conflict of Interest statements are signed annually by Board members and officers as well as key staff within the organization. Chairman and Treasurer review conflict of interest policy and statements annually
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Employee salaries were based in part on similar sister organizations within the State of Texas after discussion and review of their pay practices. Also, pay practices of the local school district form a solid basis of comparison
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A State of the School address was made in February wherein the current financial status of the school was discussed. Most governing policy is available from the schools webpage and through the Student Handbook. Organizational policy isavailable to teachers, staff, parents, students and prospective students upon request or as needed. Conflict of Interest Status is also discussed in the State of the School addresses or upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0111211
IRS990/TotalAssetsEOYAmt090645
IRS990/TotalAssetsGrp/BOYAmt0111211
IRS990/TotalAssetsGrp/EOYAmt090645
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt031110
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04150
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0227901
IRS990/TotalFunctionalExpensesGrp/TotalAmt0232051
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01170
IRS990/TotalLiabilitiesEOYAmt03674
IRS990/TotalLiabilitiesGrp/BOYAmt01170
IRS990/TotalLiabilitiesGrp/EOYAmt03674
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0110041
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt086971
IRS990/TotalProgramServiceExpensesAmt0227901
IRS990/TotalProgramServiceRevenueAmt0176358
IRS990/TotalRevenueGrp/ExclusionAmt01513
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0176358
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0208981
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0111211
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt090645
IRS990/TravelGrp/ProgramServicesAmt0443
IRS990/TravelGrp/TotalAmt0443
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 488
IRS990/USAddress/CityNm0Lake Jackson
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077566
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0foundationprep.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Don Cameron
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION PREPARATORY ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0463175065
ReturnHeader/Filer/PhoneNum09792651111
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 488
ReturnHeader/Filer/USAddress/CityNm0LAKE JACKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077566
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0BB64BEA4F51721A0B3F5228A285EC1AD41BACFCF
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BB64BEA4F51721A0B3F5228A285EC1AD41BACFCF
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0108.252.117.198
ReturnHeader/FilingSecurityInformation/IPDt02018-04-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:53:54
ReturnHeader/PreparerPersonGrp/PhoneNum09792970999
ReturnHeader/PreparerPersonGrp/PreparationDt02018-03-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Tammy D Parker
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-04-10T05:00:55-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
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
$90,645
Liabilities
$3,674
Net assets
$86,971
Revenue
$208,981
Expenses
$232,051
Net income
-$23,070
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.62$0.75$3.48$3.45$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.26$0.54$0.72$3.39$3.32$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.38$0.73$0.64$2.81$3.06$0.25
2022Detailed filing. Detailed filing data is available for this year.$1.63$0.73$0.89$2.63$2.64$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$0.74$0.90$2.56$2.18$0.38
2020Detailed filing. Detailed filing data is available for this year.$0.88$0.36$0.52$1.73$2.07$0.34
2019Detailed filing. Detailed filing data is available for this year.$0.87$0.01$0.86$2.19$2.30$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.99$0.02$0.97$2.34$2.24$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.91$0.04$0.87$2.09$2.32$0.23
2016Detailed filing. Detailed filing data is available for this year.$1.11$0.01$1.10$2.42$1.79$0.63
2015Detailed filing. Detailed filing data is available for this year.$0.47$0.47$1.84$1.45$0.39
2014Summary only. Only limited summary data is available for this year.$0.08$0.00$0.15$0.07$0.08