Civic Intelligence

Universal Academy Charter School Inc.

990 • Fiscal year 2023 • EIN 46-4392267

Jul 01, 2022 to Jun 30, 2023 • Filed on May 09, 2024

Organization Profileuacsmn.org
2912 28th Ave SMinneapolis, MN 55406

(651) 442-3124

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.68x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

1.30x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

38th percentile

0.2%

Higher net margin than 38% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$152,500

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

26th percentile

-0.8%

Faster asset growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

45th percentile

3.3%

Faster revenue growth than 45% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$15,661,918

Down $130,546 (-0.8%) from 2022

Net Assets

Up

$4,994,853

Up $15,380 (+0.3%) from 2022

Liabilities

Down

$10,667,065

Down $145,926 (-1.3%) from 2022

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin38th percentile

Revenue

Up

$8,189,747

Up $260,287 (+3.3%) from 2022

Expenses

Up

$8,174,367

Up $346,956 (+4.4%) from 2022

Net Income

Down

$15,380

Down $86,669 (-85%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2015: $887,329Liabilities 2015: $91,636Net Assets 2015: $795,6932015Assets 2016: $2,280,293Liabilities 2016: $929,920Net Assets 2016: $1,350,3732016Assets 2017: $5,383,413Liabilities 2017: $3,421,454Net Assets 2017: $1,961,9592017Assets 2018: $6,349,477Liabilities 2018: $3,895,719Net Assets 2018: $2,453,7582018Assets 2019: $7,375,382Liabilities 2019: $3,918,422Net Assets 2019: $3,456,9602019Assets 2020: $7,754,700Liabilities 2020: $3,743,651Net Assets 2020: $4,011,0492020Assets 2021: $9,150,181Liabilities 2021: $4,272,757Net Assets 2021: $4,877,4242021Assets 2022: $15,792,464Liabilities 2022: $10,812,991Net Assets 2022: $4,979,4732022Assets 2023: $15,661,918Liabilities 2023: $10,667,065Net Assets 2023: $4,994,8532023Assets 2024: $18,348,361Liabilities 2024: $13,655,810Net Assets 2024: $4,692,5512024

Highlighted filing

2023

Assets$15,661,918
Liabilities$10,667,065
Net Assets$4,994,853
Open 2023 Filing

Operations Trend

Revenue Growth45th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2015: $2,675,421Expenses 2015: $1,879,728Net Income 2015: $795,6932015Revenue 2016: $3,193,924Expenses 2016: $2,639,244Net Income 2016: $554,6802016Revenue 2017: $4,255,901Expenses 2017: $3,644,315Net Income 2017: $611,5862017Revenue 2018: $4,917,550Expenses 2018: $4,425,751Net Income 2018: $491,7992018Revenue 2019: $5,531,671Expenses 2019: $4,528,469Net Income 2019: $1,003,2022019Revenue 2020: $5,967,430Expenses 2020: $5,413,341Net Income 2020: $554,0892020Revenue 2021: $7,143,639Expenses 2021: $6,277,264Net Income 2021: $866,3752021Revenue 2022: $7,929,460Expenses 2022: $7,827,411Net Income 2022: $102,0492022Revenue 2023: $8,189,747Expenses 2023: $8,174,367Net Income 2023: $15,3802023Revenue 2024: $8,975,967Expenses 2024: $9,278,269Net Income 2024: -$302,3022024

Highlighted filing

2023

Revenue$8,189,747
Expenses$8,174,367
Net Income$15,380
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 9, 2024
Return Version
2022v5.0
Gross Receipts
$8,201,401
Mission and Program Overview

Mission

Universal Academy will provide success for all students with high quality learning, empowerment and support from a caring and nurturing staff.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,318,482$5,651,161▼ $667,321
Cash and Non-Interest-Bearing Accounts$5,465,044$5,320,529▼ $144,515
Cap Stk Tr Prin Current Funds$4,705,526$4,825,212▲ $119,686
Prepaid Expenses and Deferred Charges$750,416$601,978▼ $148,438
Pd in Cap Srpls Land Bldg Eqp Fund$269,485$136,126▼ $133,359
Rtn Earn Endowment Incm Other Fnds$4,462$33,515▲ $29,053
Accounts Receivable$2,995$0▼ $2,995
Total Assets$15,792,464$15,661,918▼ $130,546
Other Assets Total$3,255,527$4,088,250▲ $832,723
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,048,997$5,515,035▼ $533,962
Other Liabilities$4,134,692$4,575,775▲ $441,083
Accounts Payable and Accrued Expenses$610,972$564,299▼ $46,673
Deferred Revenue$18,330$11,956▼ $6,374
Total Liabilities$10,812,991$10,667,065▼ $145,926
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,979,473$4,994,853▲ $15,380
Total Liabilities and Net Assets / Fund Balance$15,792,464$15,661,918▼ $130,546

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,002,236$1,429,210$6,431,446
Equipment$391,481$339,237$730,718
Leasehold Improvements$175,451$55,202$230,653
Other Land Buildings$81,993$16,399$98,392
Other Assets Org$1,827,086--
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Farhiya EinteExecutive DirectorFT$152,500$152,500
Marianne MlambeMemberFT$60,624$60,624
Randa RoushdyMemberFT$60,337$60,337

Board Members and Trustees

NameTitle
Amiin HarunBoard Chair
Abdulkadir OsmanVice Chair
Anisa HashiMember

Highest Paid Contractors

ContractorServicesLocationCompensation
Minnehaha Transportation IncTransportation2507 Walnut Street, Roseville, MN 55113$765,007
Golden FingerFood Service1914 Chicago Ave, Minneapolis, MN 55404$342,257
Designs for LearningFinancial Services2233 University Ave W 450, St Paul, MN 55114$233,695
Starline Cleaning Services IncCleaning Services10500 Courthouse Blvd, Inver Grove, MN 55077$148,206
Revenue and Support

Revenue Composition

Contributions and Grants
$635,871
Program Service Revenue
$7,458,222
Investment Income
$95,654
Other Revenue
$0
All Other Contributions
$6,110
Change in Net Assets
$15,380

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,201,401
Revenue Not Reported on Financial Statements
$-11,654
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-11,654
Total Revenue per Audited Statements
$8,201,401
Total Revenue per Form 990
$8,189,747
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,214,927
Other Expenses$3,959,440
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,586,988$363,405-$2,950,393
Depreciation Depletion$835,749--$835,749
Pension Plan Contributions$458,244$73,195-$531,439
Fees for Services Other$448,033$46,099-$494,132
Occupancy$396,161--$396,161
Office Expenses$339,260$16,980-$356,240
Interest$348,109--$348,109
Payroll Taxes$258,091$36,824-$294,915
Current Officers, Directors, Trustees, and Key Employees$93,196$153,500-$246,696
Other Employee Benefits$157,045$34,439-$191,484
Information Technology$109,384$37,766-$147,150
Fees for Services Accounting-$118,327-$118,327
Insurance$36,777--$36,777
Payments to Affiliates$1,565$31,078-$32,643
Conferences and Meetings$16,712--$16,712
Fees for Services Legal-$7,290-$7,290
Other Expenses$-7,789$236-$-7,789
Total Functional Expenses$7,255,228$919,139$0$8,174,367

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,186,021
Total Expenses per Audited Statements$8,186,021
Total Expenses per Form 990$8,174,367
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-11,654
Other Expense Adjustments$-11,654
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$4,150,594
Pension plan deferments$352,663
Compensated absences payable$72,518
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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

Form 990, Part VI, Section B, line 11B

“Once the 990 is completed by an independent CPA, a copy will be provided to the Director of the Academy and the Board via email for review before filing.”

Form 990, Part VI, Section B, line 12C

“Annually, Directors are required to sign a Conflict of Interest statement.”

Form 990, Part VI, Section B, line 15A

“The Executive Director will be evaluated each year by the Board. Staff/parent surveys are taken each year at year-end. Compensation for all employees including the Director are recommended to the Board via the Budget which is then approved by the Board. The Board then approves all employement agreements/contracts.”

Form 990, Part VI, Section C, line 19

“The organization makes it governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Form 990, Part VI, Section A Line 1B

“Several members of the Board are teachers at the school. Minnesota State Statute 124D.10 subd.4(g) requires the Board to have at least one member that is an employed/contracted teacher.”

Filing and Contact Details

Filer

Filer Name
Universal Academy
EIN
46-4392267
Phone
6514423124
Address
2912 28th Ave S, Minneapolis, MN 55406

Signing Officer

Name
Farhiya Einte
Title
Director
Phone
6514423124
Signed
2024-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Farhiya Einte
Formed
2013
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
3
Employees
100
Volunteers
10

Preparer

Firm
Malloy Montague Karnowski Radosevich
Address
5353 Wayzata Blvd Ste 410, Minneapolis, MN 55416
Preparer
Victoria L Holinka
Phone
9525450424
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“The School Board assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant annually. This process has not changed.”

Authorizer

“The Academy is required to have an Authorizer to monitor its operations in order to maintain its charter. The Academy's approved authorizer during the fiscal year 2023 was Novation Education Opportunities.”

Related Organization Compensation

“Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no other transactions noted.”

Financial Statement Notes

Part X, Line 2:

“The Academy is exempt from federal and state income taxes under Internal Revenue Code (IRC) 501(c)(3). The Academy is subject to tax on income from any unrelated business. The Academy is subject to the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board Accounting Standards Codification 740-10. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where it operates. The Academy believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on its financial condition, results of operations, or cash flows. Accordingly, the Academy has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at year-end. The Academy is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods.”

Part XI, Line 4B - Other Adjustments:

“Loss on disposal of capital assets -11,654.”

Part XII, Line 4B - Other Adjustments:

“Loss on disposal of capital assets -11,654.”

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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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IRS990/Desc0Universal Academy's primary purpose is to (1) improve pupil learning and student achievement by accelerating student learning through an aligned framework of Data-Driven Instruction in conjunction with Response to Intervention (RtI), Responsive Classroom, Direct and Differentiated Instruction, and Sheltered Instruction Observation Protocol (SIOP) in a results-oriented culture that fosters a growth mindset. Additional purposes are to (2) increase learning opportunities for pupils by ensuring that teachers are receiving professional development for and utilizing research-based effective instructional techniques as reported in Doug Lemov's Teach Like a Champion and to (3) encourage the use of different and innovative teaching methods through weekly data analysis in Professional Learning Communities (PLCs) to ensure teaching techniques are monitored and adjusted to accelerate student learning. Universal Academy will meet high standards across content areas by setting goals and comparing progress in improving student learning to the highest performing charter schools in the state and nation using the Northwest Evaluation Association Measures of Academy Progress (NWEA MAP) results as a benchmark for success. Universal Academy will utilize a study visit protocol during a visit to these high performing charter schools as a strategy for meeting high standards across content areas.
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IRS990/InterestGrp/ProgramServicesAmt0348109
IRS990/InterestGrp/TotalAmt0348109
IRS990/InvestmentIncomeGrp/ExclusionAmt0107308
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0107308
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01840048
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06318482
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05651161
IRS990/LandBldgEquipCostOrOtherBssAmt07491209
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt011654
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Universal Academy will provide success for all students with high quality learning, empowerment and support from a caring and nurturing staff.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06048997
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05515035
IRS990/NetAssetsOrFundBalancesBOYAmt04979473
IRS990/NetAssetsOrFundBalancesEOYAmt04994853
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-11654
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-11654
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0396161
IRS990/OccupancyGrp/TotalAmt0396161
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt016980
IRS990/OfficeExpensesGrp/ProgramServicesAmt0339260
IRS990/OfficeExpensesGrp/TotalAmt0356240
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03255527
IRS990/OtherAssetsTotalGrp/EOYAmt04088250
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt034439
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0157045
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0191484
IRS990/OtherExpensesGrp/Desc0Transportation
IRS990/OtherExpensesGrp/Desc1Food
IRS990/OtherExpensesGrp/Desc2Debt Forgiveness
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0236
IRS990/OtherExpensesGrp/ProgramServicesAmt0777058
IRS990/OtherExpensesGrp/ProgramServicesAmt1400645
IRS990/OtherExpensesGrp/ProgramServicesAmt2-7789
IRS990/OtherExpensesGrp/TotalAmt0777058
IRS990/OtherExpensesGrp/TotalAmt1400881
IRS990/OtherExpensesGrp/TotalAmt2-7789
IRS990/OtherLiabilitiesGrp/BOYAmt04134692
IRS990/OtherLiabilitiesGrp/EOYAmt04575775
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0363405
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02586988
IRS990/OtherSalariesAndWagesGrp/TotalAmt02950393
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt031078
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt01565
IRS990/PaymentsToAffiliatesGrp/TotalAmt032643
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt036824
IRS990/PayrollTaxesGrp/ProgramServicesAmt0258091
IRS990/PayrollTaxesGrp/TotalAmt0294915
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0269485
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0136126
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt073195
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0458244
IRS990/PensionPlanContributionsGrp/TotalAmt0531439
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0750416
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0601978
IRS990/PrincipalOfficerNm0Farhiya Einte
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Federal and State Sour
IRS990/ProgramServiceRevenueGrp/Desc1State Grants & Aid
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07447329
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110893
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07447329
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110893
IRS990/ProgSrvcAccomActy2Grp/Desc0Food Service Program
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0472520
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0501573
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0733584
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02611
IRS990/PYOtherExpensesAmt03700247
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt07193265
IRS990/PYRevenuesLessExpensesAmt0102049
IRS990/PYSalariesCompEmpBnftPaidAmt04127164
IRS990/PYTotalExpensesAmt07827411
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07929460
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt015380
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06944995
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04462
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt033515
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05002236
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01429210
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06431446
IRS990ScheduleD/EquipmentGrp/BookValueAmt0391481
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0339237
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0730718
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-11654
IRS990ScheduleD/ExpensesSubtotalAmt08186021
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0175451
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt055202
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0230653
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02261164
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11827086
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Pension Plan Deferments
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Due from Other Funds
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-11654
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt081993
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016399
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt098392
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04150594
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1352663
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt272518
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Pension plan deferments
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Compensated absences payable
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-11654
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-11654
IRS990ScheduleD/RevenueSubtotalAmt08201401
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Academy is exempt from federal and state income taxes under Internal Revenue Code (IRC) 501(c)(3). The Academy is subject to tax on income from any unrelated business. The Academy is subject to the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board Accounting Standards Codification 740-10. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where it operates. The Academy believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on its financial condition, results of operations, or cash flows. Accordingly, the Academy has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at year-end. The Academy is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Loss on disposal of capital assets -11,654.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Loss on disposal of capital assets -11,654.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05651161
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04088250
IRS990ScheduleD/TotalExpensesPerForm990Amt08174367
IRS990ScheduleD/TotalLiabilityAmt04575775
IRS990ScheduleD/TotalRevenuePerForm990Amt08189747
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08201401
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08186021
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Nondiscrimination policy is included in registration materials.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The Academy receives state and federal aid payments to finance the operational activities of the Academy.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0152500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Farhiya Einte
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0152500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,661,918
Liabilities
$10,667,065
Net assets
$4,994,853
Revenue
$8,189,747
Expenses
$8,174,367
Net income
$15,380
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.3$13.7$4.69$8.98$9.28$0.30
2023Detailed filing. Detailed filing data is available for this year.$15.7$10.7$4.99$8.19$8.17$0.02
2022Detailed filing. Detailed filing data is available for this year.$15.8$10.8$4.98$7.93$7.83$0.10
2021Detailed filing. Detailed filing data is available for this year.$9.15$4.27$4.88$7.14$6.28$0.87
2020Detailed filing. Detailed filing data is available for this year.$7.75$3.74$4.01$5.97$5.41$0.55
2019Detailed filing. Detailed filing data is available for this year.$7.38$3.92$3.46$5.53$4.53$1.00
2018Detailed filing. Detailed filing data is available for this year.$6.35$3.90$2.45$4.92$4.43$0.49
2017Detailed filing. Detailed filing data is available for this year.$5.38$3.42$1.96$4.26$3.64$0.61
2016Detailed filing. Detailed filing data is available for this year.$2.28$0.93$1.35$3.19$2.64$0.55
2015Detailed filing. Detailed filing data is available for this year.$0.89$0.09$0.80$2.68$1.88$0.80