Civic Intelligence

Foundation Preparatory Academy

990 • Fiscal year 2020 • EIN 46-3175065

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 01, 2021

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

86th percentile

0.41x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

83rd percentile

0.21x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

22nd percentile

-20%

Higher net margin than 22% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

46th percentile

1.2%

Faster asset growth than 46% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

-21%

Faster revenue growth than 43% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$87,946

Up $1,026 (+1.2%) from 2019

Net Assets

Down

$52,298

Down $34,093 (-39%) from 2019

Liabilities

Up

$35,648

Up $35,119 (+6639%) from 2019

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin22nd percentile

Revenue

Down

$173,155

Down $46,252 (-21%) from 2019

Expenses

Down

$207,248

Down $22,743 (-9.9%) from 2019

Net Income

Down

-$34,093

Down $23,509 (-222%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth46th 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

2020

Assets$87,946
Liabilities$35,648
Net Assets$52,298
Open 2020 Filing

Operations Trend

Revenue Growth43rd 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

2020

Revenue$173,155
Expenses$207,248
Net Income-$34,093
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 1, 2021
Return Version
2019v5.1
Gross Receipts
$179,665
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
Cash and Non-Interest-Bearing Accounts$82,875$87,850▲ $4,975
Rtn Earn Endowment Incm Other Fnds$86,391$52,298▼ $34,093
Savings and Temporary Cash Investments$4,045$96▼ $3,949
Total Assets$86,920$87,946▲ $1,026
Liabilities
Other Liabilities-$32,200-
Accounts Payable and Accrued Expenses$529$3,448▲ $2,919
Total Liabilities$529$35,648▲ $35,119
Net Assets / Fund Balance
Total Net Assets Fund Balance$86,391$52,298▼ $34,093
Total Liabilities and Net Assets / Fund Balance$86,920$87,946▲ $1,026

Asset Categories

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

Board Members and Trustees

NameTitle
Derek ResterChairman
Twain PigottVice Chairman
Lisa ResterDirector
Stacey RayburnDirector
Whitney ReavesSecretary
Todd ReavesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$30,545
Program Service Revenue
$138,947
Investment Income
$65
Other Revenue
$3,598
All Other Contributions
$30,545
Change in Net Assets
$-34,093
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$162,365
Other Expenses$44,883
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$150,626--$150,626
Occupancy$20,216--$20,216
Payroll Taxes$11,739--$11,739
Insurance$5,673--$5,673
Office Expenses$2,033--$2,033
Advertising$1,759--$1,759
Conferences and Meetings$1,333--$1,333
Fees for Services Accounting-$1,279-$1,279
Other Expenses$943--$943
All Other Expenses$166--$166
Information Technology$20--$20
Total Functional Expenses$205,969$1,279$0$207,248
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,628
Fundraising Direct Expenses$4,600
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$32,200
Ppp-
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 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
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, 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
2021-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derek Rester
Formed
2013
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
16

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/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Directors with family relationships, 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 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/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt086920
IRS990/TotalAssetsEOYAmt087946
IRS990/TotalAssetsGrp/BOYAmt086920
IRS990/TotalAssetsGrp/EOYAmt087946
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt030545
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01279
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0205969
IRS990/TotalFunctionalExpensesGrp/TotalAmt0207248
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0529
IRS990/TotalLiabilitiesEOYAmt035648
IRS990/TotalLiabilitiesGrp/BOYAmt0529
IRS990/TotalLiabilitiesGrp/EOYAmt035648
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt086391
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt052298
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0625
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0625
IRS990/TotalProgramServiceExpensesAmt0205969
IRS990/TotalProgramServiceRevenueAmt0138947
IRS990/TotalRevenueGrp/ExclusionAmt03093
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0139517
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0173155
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt086920
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt087946
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/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0foundationprep.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Todd Reaves
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-01
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/PreparerPersonGrp/PhoneNum09792970999
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Tammy D Parker
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-02-13T10:51:37-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$87,946
Liabilities
$35,648
Net assets
$52,298
Revenue
$173,155
Expenses
$207,248
Net income
-$34,093
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