Civic Intelligence

Foundation Preparatory Academy

990 • Fiscal year 2018 • EIN 46-3175065

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

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

68th percentile

0.02x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

65th percentile

0.01x

Higher debt load relative to revenue than 65% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

52nd percentile

4.3%

Higher net margin than 52% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

62nd percentile

9.6%

Faster asset growth than 62% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

65th percentile

12%

Faster revenue growth than 65% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$99,363

Up $8,718 (+9.6%) from 2017

Net Assets

Up

$96,975

Up $10,004 (+12%) from 2017

Liabilities

Down

$2,388

Down $1,286 (-35%) from 2017

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin52nd percentile

Revenue

Up

$234,188

Up $25,207 (+12%) from 2017

Expenses

Down

$224,184

Down $7,867 (-3.4%) from 2017

Net Income

Up

$10,004

Up $33,074 (+143%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth62nd 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

2018

Assets$99,363
Liabilities$2,388
Net Assets$96,975
Open 2018 Filing

Operations Trend

Revenue Growth65th 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

2018

Revenue$234,188
Expenses$224,184
Net Income$10,004
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$269,454
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
Rtn Earn Endowment Incm Other Fnds$86,971$96,975▲ $10,004
Cash and Non-Interest-Bearing Accounts$90,288$72,803▼ $17,485
Savings and Temporary Cash Investments-$26,436-
Total Assets$90,645$99,363▲ $8,718
Other Assets Total$357$124▼ $233
Liabilities
Accounts Payable and Accrued Expenses$3,674$2,388▼ $1,286
Total Liabilities$3,674$2,388▼ $1,286
Net Assets / Fund Balance
Total Net Assets Fund Balance$86,971$96,975▲ $10,004
Total Liabilities and Net Assets / Fund Balance$90,645$99,363▲ $8,718

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
Lisa ResterDirector
Peter CammaranoDirector
Twain PigottDirector
Whitney ReavesSecretary
Todd ReavesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$36,064
Program Service Revenue
$191,159
Investment Income
$1,095
Other Revenue
$5,870
All Other Contributions
$36,064
Change in Net Assets
$10,004

Noncash Contribution Practices

Property subject to holding requirements
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded385$25,211stock market value
Clothing and Household Goods-$4,318amount of sales proceeds
Total Noncash Contributions385$29,529-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$179,741
Other Expenses$44,443
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$165,467
Occupancy---$13,703
Payroll Taxes---$12,943
Insurance---$6,172
Advertising---$3,860
Conferences and Meetings---$3,173
Office Expenses---$2,397
Other Expenses---$1,874
Fees for Services Accounting---$1,578
Other Employee Benefits---$1,331
Information Technology---$318
All Other Expenses---$160
Total Functional Expenses$0$0$0$224,184
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$12,041
Fundraising Direct Expenses$7,509
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
Backup withholding compliance
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 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 addressis made each February wherein the current financial status of the school is 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
Todd Reeves
Title
Treasurer
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derek Rester
Formed
2013
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
20
Volunteers
17

Preparer

Preparer
Tammy D Parker
Phone
9792970999
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Section A, Line 2

“Directors with family relationships, Amy Cammarano Peter Cammarano, Derek Rester Lisa Rester, Todd Reaves Whitney Reaves”

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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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IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NoncashContributionsRptF990Amt04318
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt0385
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0stock market value
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt025211
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Directors with family relationships, Amy Cammarano Peter Cammarano, Derek Rester Lisa Rester, Todd Reaves Whitney Reaves
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 addressis made each February wherein the current financial status of the school is 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 IV, 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/TotalAssetsBOYAmt090645
IRS990/TotalAssetsEOYAmt099363
IRS990/TotalAssetsGrp/BOYAmt090645
IRS990/TotalAssetsGrp/EOYAmt099363
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt036064
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0224184
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03674
IRS990/TotalLiabilitiesEOYAmt02388
IRS990/TotalLiabilitiesGrp/BOYAmt03674
IRS990/TotalLiabilitiesGrp/EOYAmt02388
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt086971
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt096975
IRS990/TotalProgramServiceRevenueAmt0191159
IRS990/TotalRevenueGrp/ExclusionAmt06965
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0191159
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0234188
IRS990/TotalVolunteersCnt017
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt090645
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt099363
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 488
IRS990/USAddress/CityNm0Lake Jackson
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077566
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0foundationprep.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Todd Reeves
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
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/AtSubmissionCreationDeviceId0CC038DE6B96F533A3E6D449E1729BE272820995D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CC038DE6B96F533A3E6D449E1729BE272820995D
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0108.252.117.198
ReturnHeader/FilingSecurityInformation/IPDt02019-05-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm018:57:59
ReturnHeader/PreparerPersonGrp/PhoneNum09792970999
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Tammy D Parker
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-05-14T08:04:01-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$99,363
Liabilities
$2,388
Net assets
$96,975
Revenue
$234,188
Expenses
$224,184
Net income
$10,004
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