Civic Intelligence

Precious Stones Academy Inc

EIN 46-3383748 • 501(c)3 • Houston, TX

Profile

Empower community by educating children

7518 East Mount Houston RdHouston, TX 77050

www.preciousstonesacad.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

9th percentile

-37%

Higher net margin than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$73,179

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 29.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

19th percentile

-7.7%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-75%

Faster revenue growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$1,178,686

Up $525,405 (+80%) from 2022

Liabilities

Down

$0

Down $3,357 (-100%) from 2022

Net Assets

Up

$1,178,686

Up $528,762 (+81%) from 2022

Operations
Liabilities / Revenue20th percentileNet Margin9th percentile

Revenue

Up

$972,713

Up $193,145 (+25%) from 2022

Expenses

Down

$455,559

Down $7,164 (-1.5%) from 2022

Net Income

Up

$517,154

Up $200,309 (+63%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth19th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2015: $8Liabilities 2015: $9,7592015Assets 2016: $2,439Liabilities 2016: $9,8702016Assets 2017: $31,801Liabilities 2017: $817Net Assets 2017: $30,9842017Assets 2018: $29,923Liabilities 2018: $1,316Net Assets 2018: $28,6072018Assets 2019: $37,169Liabilities 2019: $1,316Net Assets 2019: $35,8532019Assets 2020: $123,304Liabilities 2020: $16,838Net Assets 2020: $106,4662020Assets 2021: $275,337Liabilities 2021: $17,259Net Assets 2021: $258,0782021Assets 2022: $653,281Liabilities 2022: $3,357Net Assets 2022: $649,9242022Assets 2023: $1,178,686Liabilities 2023: $0Net Assets 2023: $1,178,6862023

Highlighted filing

2023

Assets$1,178,686
Liabilities$0
Net Assets$1,178,686
Open 2023 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2015: $32,355Expenses 2015: $43,257Net Income 2015: -$10,9022015Revenue 2016: $71,770Expenses 2016: $69,449Net Income 2016: $2,3212016Revenue 2017: $120,144Expenses 2017: $81,729Net Income 2017: $38,4152017Revenue 2018: $128,772Expenses 2018: $131,149Net Income 2018: -$2,3772018Revenue 2019: $144,664Expenses 2019: $137,418Net Income 2019: $7,2462019Revenue 2020: $147,150Expenses 2020: $139,657Net Income 2020: $7,4932020Revenue 2021: $338,202Expenses 2021: $186,590Net Income 2021: $151,6122021Revenue 2022: $779,568Expenses 2022: $462,723Net Income 2022: $316,8452022Revenue 2023: $972,713Expenses 2023: $455,559Net Income 2023: $517,1542023

Highlighted filing

2023

Revenue$972,713
Expenses$455,559
Net Income$517,154
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$1,178,686
Liabilities
$0
Net assets
$1,178,686
Revenue
$972,713
Expenses
$455,559
Net income
$517,154
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.18$0.00$1.18$0.97$0.46$0.52
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.00$0.65$0.78$0.46$0.32
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.02$0.26$0.34$0.19$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.12$0.02$0.11$0.15$0.14$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.04$0.00$0.04$0.14$0.14$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.13$0.13$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.00$0.03$0.12$0.08$0.04
2016Summary only. Only limited summary data is available for this year.$0.00$0.01$0.07$0.07$0.00
2015Summary only. Only limited summary data is available for this year.$0.00$0.01$0.03$0.04$0.01
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$779,568
Mission and Program Overview

Mission

Empower community by educating children

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$156,792$334,824▲ $178,032
Land, Buildings, and Equipment, Net$118,545$318,457▲ $199,912
Total Assets$275,337$653,281▲ $377,944
Liabilities
Unsecured Notes Loans Payable$16,000--
Accounts Payable and Accrued Expenses$1,259$3,357▲ $2,098
Total Liabilities$17,259$3,357▼ $13,902
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$257,131$648,977▲ $391,846
Net Assets With Donor Restrictions$947$947→ $0
Total Net Assets Fund Balance$258,078$649,924▲ $391,846
Total Liabilities and Net Assets / Fund Balance$275,337$653,281▲ $377,944

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,778--
Other Land Buildings$101,337--
Equipment$187,842--
Leasehold Improvements$9,500--
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Anetta ParkerSecretaryFT$77,845$77,845
LIONEL PARKER JrPresidentPT$37,876$37,876

Board Members and Trustees

NameTitle
Clint DouglasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$524,619
Program Service Revenue
$238,949
Investment Income
$0
Other Revenue
$16,000
Change in Net Assets
$316,845
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$253,752
Salaries, Compensation, and Employee Benefits$208,971
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$121,149$19,914-$141,063
Current Officers, Directors, Trustees, and Key Employees$107,937$7,784-$115,721
Other Salaries and Wages$72,685--$72,685
Payroll Taxes$19,672$893-$20,565
Advertising$18,266--$18,266
Other Expenses$9,690$7,840-$9,690
Fees for Services Other$8,010--$8,010
Office Expenses$6,705$745-$7,450
Insurance$5,693$633-$6,326
Travel$4,664--$4,664
Fees for Services Accounting-$368-$368
Total Functional Expenses$424,546$38,177$0$462,723
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“The executive director of psa inc, anetta parker, is married to the board president, lionel parker.”

Form 990 governing body review Part VI line 11

“The review of form 990 and its source documents are reviewed in two separate meetings. The financial review is performed by our cpa followed by a board meeting to review accomplishments of the orgnaization. Finally form 990 is reviewed and a final draft approved by our board president.”

Conflict of interest policy compliance Part VI line 12C

“The conflict of interest policy is reviewed during our annual board meeting.”

CEO executive director top management comp Part VI line 15A

“Salary information for 2021 was determined using state and childcare licensing ranges. Additional factors were experience and education.”

Governing documents etc available to public Part VI line 19

“Form 990 is available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Precious Stones Academy Inc
EIN
46-3383748
Address
7518 EAST MOUNT HOUSTON RD, Houston, TX 77050

Signing Officer

Name
LIONEL PARKER JR 3 Officer
Title
President
Phone
2817280465
Signed
2023-11-15
Discuss with paid preparer
No

Organization Details

Principal Officer
LIONEL PARKER Jr 3 Officer
Formed
2013
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
13
Volunteers
10

Preparer

Firm
K Williams CPA
Address
4506 Laura Koppe Rd, Houston, TX 77016
Preparer
Keishawna Williams
Phone
7134918634
Supplemental Narrative

Additional Explanations

Amended return information

“Schedule was completed for 2021.”

Raw XML Appendix342 raw XML fields

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/ExplanationTxt0SCHEDULE WAS COMPLETED FOR 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR OF PSA INC, ANETTA PARKER, IS MARRIED TO THE BOARD PRESIDENT, LIONEL PARKER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE REVIEW OF FORM 990 AND ITS SOURCE DOCUMENTS ARE REVIEWED IN TWO SEPARATE MEETINGS. THE FINANCIAL REVIEW IS PERFORMED BY OUR CPA FOLLOWED BY A BOARD MEETING TO REVIEW ACCOMPLISHMENTS OF THE ORGNAIZATION. FINALLY FORM 990 IS REVIEWED AND A FINAL DRAFT APPROVED BY OUR BOARD PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS REVIEWED DURING OUR ANNUAL BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SALARY INFORMATION FOR 2021 WAS DETERMINED USING STATE AND CHILDCARE LICENSING RANGES. ADDITIONAL FACTORS WERE EXPERIENCE AND EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
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IRS990/WebsiteAddressTxt0WWW.PRECIOUSSTONESACAD.COM
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0LIONEL PARKER JR 3 Officer
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRECIOUS STONES ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0PREC
ReturnHeader/Filer/EIN0463383748
ReturnHeader/Filer/USAddress/AddressLine1Txt07518 EAST MOUNT HOUSTON RD
ReturnHeader/Filer/USAddress/CityNm0Houston
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0824355507
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0K Williams CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04506 Laura Koppe Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Houston
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
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ReturnHeader/PreparerPersonGrp/PhoneNum07134918634
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Keishawna Williams
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ReturnHeader/ReturnTs02023-11-16T00:46:35-05:00
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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