Civic Intelligence

Foundation Preparatory Academy

990 • Fiscal year 2024 • EIN 46-3175065

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 06, 2024

102 Yaupon StreetLake Jackson, TX 77566

(979) 265-1111

Siviq Scores

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

Liabilities / Assets

89th percentile

0.43x

Higher debt load relative to assets than 89% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

0.16x

Higher debt load relative to revenue than 85% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

48th percentile

2.2%

Higher net margin than 48% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

34th percentile

-8.4%

Faster asset growth than 34% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

21%

Faster revenue growth than 69% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$126,147

Down $11,598 (-8.4%) from 2023

Net Assets

Up

$71,892

Up $7,486 (+12%) from 2023

Liabilities

Down

$54,255

Down $19,084 (-26%) from 2023

Revenue

Up

$339,335

Up $57,842 (+21%) from 2023

Expenses

Up

$331,849

Up $25,519 (+8.3%) from 2023

Net Income

Up

$7,486

Up $32,323 (+130%) from 2023

Historical Trend

Balance Sheet Trend

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

2024

Assets$126,147
Liabilities$54,255
Net Assets$71,892

Operations Trend

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

2024

Revenue$339,335
Expenses$331,849
Net Income$7,486
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 6, 2024
Return Version
2023v5.1
Gross Receipts
$339,335
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$153,878$115,844▼ $38,034
Rtn Earn Endowment Incm Other Fnds$64,406$71,892▲ $7,486
Land, Buildings, and Equipment, Net$28,000$31,979▲ $3,979
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges$-45,733$-23,276▲ $22,457
Total Assets$137,745$126,147▼ $11,598
Other Assets Total$1,600$1,600→ $0
Liabilities
Deferred Revenue$73,980$73,980→ $0
Accounts Payable and Accrued Expenses-$-8,334-
Other Liabilities$-641$-11,391▼ $10,750
Total Liabilities$73,339$54,255▼ $19,084
Net Assets / Fund Balance
Total Net Assets Fund Balance$64,406$71,892▲ $7,486
Total Liabilities and Net Assets / Fund Balance$137,745$126,147▼ $11,598

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$31,979-$31,979
Equipment-$19,363$19,363
Compensation and Service Providers

Board Members and Trustees

NameTitle
Derek ResterChairman
OpenVice Chairman
Allen TraffordMember
Chris EdwardsMember
Davina MccallMember
Lisa ResterMember
Nathan MccallMember
Stacey RayburnMember
Tamela EdwardsMember
Whitney ReavesSecretary
Todd ReavesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$18,515
Program Service Revenue
$286,125
Investment Income
$1,720
Other Revenue
$32,975
All Other Contributions
$18,515
Change in Net Assets
$7,486
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$258,247
Other Expenses$73,602
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$239,765--$239,765
Payroll Taxes$18,482--$18,482
Occupancy$14,529--$14,529
Other Expenses$6,623--$6,623
All Other Expenses$5,702--$5,702
Office Expenses$5,131--$5,131
Insurance$4,568--$4,568
Advertising$3,971--$3,971
Fees for Services Accounting$2,950--$2,950
Fees for Services Other$1,958--$1,958
Travel$1,815--$1,815
Information Technology$280--$280
Total Functional Expenses$331,849$0$0$331,849
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,975
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Jubilation Fundraiser$19,223$19,223-$19,223
Resale Income$13,752$13,752-$13,752
Total Events$32,975$32,975-$32,975
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$-641
Deferred Books$-10,750
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 12C

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 15B

Employee salaries were basedin 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 is made each february wherein the current financial status of the school is discussed. Most governing policy is available from the school's webpage and through the student handbook. Organiational policy is available so teachers, staff, parents, students, and prospective students upon request or as needed. Confilict of interest status is also discussed in the state of the school address or upon request.

Filing and Contact Details

Filer

Filer Name
Foundation Preparatory Academy
EIN
46-3175065
Address
102 YAUPON STREET, LAKE JACKSON, TX 77566

Signing Officer

Name
Todd Reaves
Title
Treasurer
Signed
2024-11-06
Discuss with paid preparer
Yes

Organization Details

Formed
2013
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
6
Employees
21
Volunteers
75

Preparer

Firm
Green & McElreath
Address
20405 State Highway 249 Ste 150, Houston, TX 77070
Preparer
James B Ripple
Phone
7132281040
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IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt014529
IRS990/OccupancyGrp/TotalAmt014529
IRS990/OfficeExpensesGrp/ProgramServicesAmt05131
IRS990/OfficeExpensesGrp/TotalAmt05131
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01600
IRS990/OtherAssetsTotalGrp/EOYAmt01600
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/Desc1PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3FAMILY MINISTRY
IRS990/OtherExpensesGrp/ProgramServicesAmt09437
IRS990/OtherExpensesGrp/ProgramServicesAmt18691
IRS990/OtherExpensesGrp/ProgramServicesAmt27947
IRS990/OtherExpensesGrp/ProgramServicesAmt36623
IRS990/OtherExpensesGrp/TotalAmt09437
IRS990/OtherExpensesGrp/TotalAmt18691
IRS990/OtherExpensesGrp/TotalAmt27947
IRS990/OtherExpensesGrp/TotalAmt36623
IRS990/OtherLiabilitiesGrp/BOYAmt0-641
IRS990/OtherLiabilitiesGrp/EOYAmt0-11391
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0239765
IRS990/OtherSalariesAndWagesGrp/TotalAmt0239765
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt018482
IRS990/PayrollTaxesGrp/TotalAmt018482
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0-45733
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0-23276
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011358
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1274767
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011358
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1274767
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt021176
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0211
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt087270
IRS990/PYOtherRevenueAmt020727
IRS990/PYProgramServiceRevenueAmt0239379
IRS990/PYRevenuesLessExpensesAmt0-24837
IRS990/PYSalariesCompEmpBnftPaidAmt0219060
IRS990/PYTotalExpensesAmt0306330
IRS990/PYTotalRevenueAmt0281493
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt07486
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt064406
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt071892
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019363
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019363
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt031979
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt031979
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0-10750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-641
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED BOOKS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031979
IRS990ScheduleD/TotalLiabilityAmt0-11391
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
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
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0JUBILATION FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0RESALE INCOME
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt019223
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt013752
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt032975
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt019223
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt013752
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt032975
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt032975
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 BASEDIN 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 IS MADE EACH FEBRUARY WHEREIN THE CURRENT FINANCIAL STATUS OF THE SCHOOL IS DISCUSSED. MOST GOVERNING POLICY IS AVAILABLE FROM THE SCHOOL'S WEBPAGE AND THROUGH THE STUDENT HANDBOOK. ORGANIATIONAL POLICY IS AVAILABLE SO TEACHERS, STAFF, PARENTS, STUDENTS, AND PROSPECTIVE STUDENTS UPON REQUEST OR AS NEEDED. CONFILICT OF INTEREST STATUS IS ALSO DISCUSSED IN THE STATE OF THE SCHOOL ADDRESS 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 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
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/TotalAssetsBOYAmt0137745
IRS990/TotalAssetsEOYAmt0126147
IRS990/TotalAssetsGrp/BOYAmt0137745
IRS990/TotalAssetsGrp/EOYAmt0126147
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt018515
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0331849
IRS990/TotalFunctionalExpensesGrp/TotalAmt0331849

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