Civic Intelligence

Foundation Preparatory Academy

990 • Fiscal year 2019 • EIN 46-3175065

Jul 01, 2018 to Jun 30, 2019 • Filed on May 06, 2020

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

62nd percentile

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

30th percentile

-4.8%

Higher net margin than 30% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

26th percentile

-13%

Faster asset growth than 26% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

39th percentile

-6.3%

Faster revenue growth than 39% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$86,920

Down $12,443 (-13%) from 2018

Net Assets

Down

$86,391

Down $10,584 (-11%) from 2018

Liabilities

Down

$529

Down $1,859 (-78%) from 2018

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin30th percentile

Revenue

Down

$219,407

Down $14,781 (-6.3%) from 2018

Expenses

Up

$229,991

Up $5,807 (+2.6%) from 2018

Net Income

Down

-$10,584

Down $20,588 (-206%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth26th 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

2019

Assets$86,920
Liabilities$529
Net Assets$86,391
Open 2019 Filing

Operations Trend

Revenue Growth39th 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

2019

Revenue$219,407
Expenses$229,991
Net Income-$10,584
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 6, 2020
Return Version
2018v3.3
Gross Receipts
$234,313
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 Kindergarten-12th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$96,975$86,391▼ $10,584
Cash and Non-Interest-Bearing Accounts$72,803$82,875▲ $10,072
Savings and Temporary Cash Investments$26,436$4,045▼ $22,391
Total Assets$99,363$86,920▼ $12,443
Other Assets Total$124--
Liabilities
Accounts Payable and Accrued Expenses$2,388$529▼ $1,859
Total Liabilities$2,388$529▼ $1,859
Net Assets / Fund Balance
Total Net Assets Fund Balance$96,975$86,391▼ $10,584
Total Liabilities and Net Assets / Fund Balance$99,363$86,920▼ $12,443

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$19,363$19,363
Compensation and Service Providers
Top Officer Pay77th 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
$35,857
Program Service Revenue
$181,591
Investment Income
$270
Other Revenue
$1,689
All Other Contributions
$35,857
Change in Net Assets
$-10,584
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$182,607
Other Expenses$47,384
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$168,326
Occupancy---$17,190
Payroll Taxes---$12,532
Insurance---$5,918
Office Expenses---$3,090
Advertising---$2,286
Fees for Services Accounting---$1,837
Other Employee Benefits---$1,749
Other Expenses---$1,741
Conferences and Meetings---$1,657
Information Technology---$961
All Other Expenses---$484
Total Functional Expenses$0$0$0$229,991
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$11,434
Fundraising Direct Expenses$9,582
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 A, Line 2

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

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 Reaves
Title
Treasurer
Signed
2020-05-06
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
21

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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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 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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt099363
IRS990/TotalAssetsEOYAmt086920
IRS990/TotalAssetsGrp/BOYAmt099363
IRS990/TotalAssetsGrp/EOYAmt086920
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt035857
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0229991
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02388
IRS990/TotalLiabilitiesEOYAmt0529
IRS990/TotalLiabilitiesGrp/BOYAmt02388
IRS990/TotalLiabilitiesGrp/EOYAmt0529
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt096975
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt086391
IRS990/TotalProgramServiceRevenueAmt0181591
IRS990/TotalRevenueGrp/ExclusionAmt02121
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0206881
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0219407
IRS990/TotalVolunteersCnt021
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt099363
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt086920
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/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Todd Reaves
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-06
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/AtSubmissionFilingDeviceId06C9B1A35775087DBDB8A6D25ECA509C7F6C27838
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0108.252.117.198
ReturnHeader/FilingSecurityInformation/IPDt02020-05-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:42:45
ReturnHeader/PreparerPersonGrp/PhoneNum09792970999
ReturnHeader/PreparerPersonGrp/PreparationDt02020-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Tammy D Parker
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-05-07T11:46:08-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$86,920
Liabilities
$529
Net assets
$86,391
Revenue
$219,407
Expenses
$229,991
Net income
-$10,584
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