Civic Intelligence

Morning Glory Academy Texas

990 • Fiscal year 2018 • EIN 46-5372106

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 28, 2018

Organization ProfileWWW.MGATX.ORG
129 Pecan StreetKeller, TX 76248

(817) 683-1453

Siviq Scores

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

Liabilities / Assets

88th percentile

0.79x

Higher debt load relative to assets than 88% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

87th percentile

1.13x

Higher debt load relative to revenue than 87% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

73rd percentile

15%

Higher net margin than 73% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

93rd percentile

65%

Faster asset growth than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

10th percentile

-30%

Faster revenue growth than 10% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$1,111,749

Up $438,938 (+65%) from 2017

Net Assets

Down

$230,675

Down $301,712 (-57%) from 2017

Liabilities

Up

$881,074

Up $740,650 (+527%) from 2017

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin73rd percentile

Revenue

Down

$779,025

Down $333,767 (-30%) from 2017

Expenses

Down

$662,149

Down $32,471 (-4.7%) from 2017

Net Income

Down

$116,876

Down $301,296 (-72%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$15M$10M$5.0M$0Assets 2014: $135,575Liabilities 2014: $57,996Net Assets 2014: $77,5792014Assets 2015: $80,472Liabilities 2015: $18,244Net Assets 2015: $62,2282015Assets 2016: $235,332Liabilities 2016: $121,117Net Assets 2016: $114,2152016Assets 2017: $672,811Liabilities 2017: $140,424Net Assets 2017: $532,3872017Assets 2018: $1,111,749Liabilities 2018: $881,074Net Assets 2018: $230,6752018Assets 2019: $1,198,529Liabilities 2019: $940,716Net Assets 2019: $257,8132019Assets 2020: $2,150,932Liabilities 2020: $1,678,306Net Assets 2020: $472,6262020Assets 2021: $5,130,691Liabilities 2021: $4,505,532Net Assets 2021: $625,1592021Assets 2022: $5,564,645Liabilities 2022: $4,460,550Net Assets 2022: $1,104,0952022Assets 2023: $6,481,339Liabilities 2023: $5,233,358Net Assets 2023: $1,247,9812023Assets 2025: $11,370,407Liabilities 2025: $9,451,586Net Assets 2025: $1,918,8212025

Highlighted filing

2018

Assets$1,111,749
Liabilities$881,074
Net Assets$230,675
Open 2018 Filing

Operations Trend

Revenue Growth10th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $301,359Expenses 2014: $223,780Net Income 2014: $77,5792014Revenue 2015: $234,561Expenses 2015: $249,912Net Income 2015: -$15,3512015Revenue 2016: $710,054Expenses 2016: $658,067Net Income 2016: $51,9872016Revenue 2017: $1,112,792Expenses 2017: $694,620Net Income 2017: $418,1722017Revenue 2018: $779,025Expenses 2018: $662,149Net Income 2018: $116,8762018Revenue 2019: $1,010,753Expenses 2019: $983,615Net Income 2019: $27,1382019Revenue 2020: $1,304,609Expenses 2020: $1,089,796Net Income 2020: $214,8132020Revenue 2021: $1,261,419Expenses 2021: $1,108,886Net Income 2021: $152,5332021Revenue 2022: $1,884,211Expenses 2022: $1,405,158Net Income 2022: $479,0532022Revenue 2023: $1,798,617Expenses 2023: $1,654,724Net Income 2023: $143,8932023Revenue 2025: $2,670,740Expenses 2025: $2,659,149Net Income 2025: $11,5912025

Highlighted filing

2018

Revenue$779,025
Expenses$662,149
Net Income$116,876
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 28, 2018
Return Version
2017v2.3
Gross Receipts
$779,025
Mission and Program Overview

Mission

The corporation will operate a school that offers academic classes to students in kindergarten through 12th grade on a part-time basis, in support of home-centered learning and within a christian worldview. The corporation will have two programs: 1) elementary school for kindergarten through 5th grade students; and 2) upper school for 6th through 12th grade students. The school will offer courses in math, science, language arts, and history/social studies to upper school students, with the additional courses of art and physical education for the elementary school students. Upper school classes will meet national standards for content and be college preparatory.

The corporation will operate a school that offers academic classes to students in kindergarten through 12th grade on a part-time basis, in support of home-centered learning and within a christian worldview. The corporation will have two programs: 1) grammar school for kindergarten through 5th grade students; and 2) upper school for 6th through 12th grade students. The school will offer courses in math, science, language arts, and history/social studies to upper school students, with the additional courses of art and physical education for the grammar school students. Upper school classes will meet national standards for content and be college preparatory.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$408,282$723,065▲ $314,783
Rtn Earn Endowment Incm Other Fnds$113,799$230,675▲ $116,876
Cash and Non-Interest-Bearing Accounts$50,358$188,626▲ $138,268
Land, Buildings, and Equipment, Net$187,393$178,788▼ $8,605
Prepaid Expenses and Deferred Charges$220$1,270▲ $1,050
Total Assets$666,253$1,111,749▲ $445,496
Other Assets Total$20,000$20,000→ $0
Liabilities
Deferred Revenue$419,461$770,465▲ $351,004
Mortgage Notes Payable Secured by Investment Property$92,287$87,334▼ $4,953
Accounts Payable and Accrued Expenses$2,923$15,018▲ $12,095
Other Liabilities$37,783$8,257▼ $29,526
Total Liabilities$552,454$881,074▲ $328,620
Net Assets / Fund Balance
Total Net Assets Fund Balance$113,799$230,675▲ $116,876
Total Liabilities and Net Assets / Fund Balance$666,253$1,111,749▲ $445,496

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$125,062$23,965$149,027
Land$50,000-$50,000
Leasehold Improvements$3,726$14,905$18,631
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Leslie KentDirectorFT$46,325$46,325

Board Members and Trustees

NameTitle
Arnold TorresDirector
Kevin FreemanDirector
Rand BoydDirector
Shellie JonesDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$114,047
Program Service Revenue
$664,952
Investment Income
$26
Other Revenue
$0
All Other Contributions
$114,047
Change in Net Assets
$116,876
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$364,801
Other Expenses$297,348
Total Fundraising Expense$42,719
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$217,799$113,115$4,125$335,039
Occupancy-$132,883-$132,883
All Other Expenses$15,465$14,857-$30,322
Payroll Taxes$18,186$9,513$280$27,979
Depreciation Depletion-$14,760-$14,760
Other Expenses$13,243$11,943$38,314$11,943
Information Technology-$10,127-$10,127
Insurance-$9,236-$9,236
Advertising-$5,163-$5,163
Interest-$4,848-$4,848
Office Expenses-$3,877-$3,877
Pension Plan Contributions$883$900-$1,783
Total Functional Expenses$265,576$353,854$42,719$662,149
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
Software Account Payable$7,668
Payroll Liabilities$589
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Trinity Preparatory Academy
EIN
46-5372106
Address
129 PECAN STREET, KELLER, TX 76248

Signing Officer

Name
Leslie Kent
Title
Director
Phone
8175248262
Signed
2018-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leslie Kent
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
49

Preparer

Firm
Ken Green CPA Pllc
Address
6508 COLLEYVILLE BLVD STE 300, COLLEYVILLE, TX 76034-6271
Preparer
Ken Green
Phone
8172516688
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The corporation will operate a school that offers academic classes to students in kindergarten through 12th grade on a part-time basis, in support of home-centered learning and within a christian worldview. The corporation will have two programs: 1) grammar school for kindergarten through 5th grade students; and 2) upper school for 6th through 12th grade students. The school will offer courses in math, science, language arts, and history/social studies to upper school students, with the additional courses of art and physical education for the grammar school students. Upper school classes will meet national standards for content and be college preparatory.”

Form 990, Page 2, Part III, Line 4D

“Operates a school that offers academic classes to students in kindergarten through 12th grade on a part time basis.”

Raw XML Appendix333 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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IRS990ScheduleD/TotalBookValueLandBuildingsAmt0178788
IRS990ScheduleD/TotalLiabilityAmt08257
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION WILL OPERATE A SCHOOL THAT OFFERS ACADEMIC CLASSES TO STUDENTS IN KINDERGARTEN THROUGH 12TH GRADE ON A PART-TIME BASIS, IN SUPPORT OF HOME-CENTERED LEARNING AND WITHIN A CHRISTIAN WORLDVIEW. THE CORPORATION WILL HAVE TWO PROGRAMS: 1) GRAMMAR SCHOOL FOR KINDERGARTEN THROUGH 5TH GRADE STUDENTS; AND 2) UPPER SCHOOL FOR 6TH THROUGH 12TH GRADE STUDENTS. THE SCHOOL WILL OFFER COURSES IN MATH, SCIENCE, LANGUAGE ARTS, AND HISTORY/SOCIAL STUDIES TO UPPER SCHOOL STUDENTS, WITH THE ADDITIONAL COURSES OF ART AND PHYSICAL EDUCATION FOR THE GRAMMAR SCHOOL STUDENTS. UPPER SCHOOL CLASSES WILL MEET NATIONAL STANDARDS FOR CONTENT AND BE COLLEGE PREPARATORY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OPERATES A SCHOOL THAT OFFERS ACADEMIC CLASSES TO STUDENTS IN KINDERGARTEN THROUGH 12TH GRADE ON A PART TIME BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0666253
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IRS990/TotalAssetsGrp/BOYAmt0666253
IRS990/TotalAssetsGrp/EOYAmt01111749
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0114047
IRS990/TotalEmployeeCnt049
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt042719
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0353854
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0265576
IRS990/TotalFunctionalExpensesGrp/TotalAmt0662149
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0552454
IRS990/TotalLiabilitiesEOYAmt0881074
IRS990/TotalLiabilitiesGrp/BOYAmt0552454
IRS990/TotalLiabilitiesGrp/EOYAmt0881074
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0113799
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0230675
IRS990/TotalOtherProgSrvcExpenseAmt047777
IRS990/TotalProgramServiceExpensesAmt0265576
IRS990/TotalProgramServiceRevenueAmt0664952
IRS990/TotalReportableCompFromOrgAmt046325
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0664978
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0779025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0666253
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01111749
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0129 PECAN STREET
IRS990/USAddress/CityNm0KELLER
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076248
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MGATX.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LESLIE KENT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08175248262
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRINITY PREPARATORY ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0TRIN
ReturnHeader/Filer/EIN0465372106
ReturnHeader/Filer/USAddress/AddressLine1Txt0129 PECAN STREET
ReturnHeader/Filer/USAddress/CityNm0KELLER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E89B08D9AEC57FA8C094D3B55F3CEA5374CCDFD2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0351F87C4C20ADDCF38451BD94EDC6367B5D368A2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt047.190.76.187
ReturnHeader/FilingSecurityInformation/IPDt02019-04-30
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm017:02:46
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752963305
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KEN GREEN CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06508 COLLEYVILLE BLVD STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLLEYVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0760346271
ReturnHeader/PreparerPersonGrp/PhoneNum08172516688
ReturnHeader/PreparerPersonGrp/PreparationDt02019-03-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEN GREEN
ReturnHeader/ReturnTs02019-04-30T17:02:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,111,749
Liabilities
$881,074
Net assets
$230,675
Revenue
$779,025
Expenses
$662,149
Net income
$116,876
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.4$9.45$1.92$2.67$2.66$0.01
2023Summary only. Only limited summary data is available for this year.$6.48$5.23$1.25$1.80$1.65$0.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.56$4.46$1.10$1.88$1.41$0.48
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.13$4.51$0.63$1.26$1.11$0.15
2020Summary only. Only limited summary data is available for this year.$2.15$1.68$0.47$1.30$1.09$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.94$0.26$1.01$0.98$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.11$0.88$0.23$0.78$0.66$0.12
2017Summary only. Only limited summary data is available for this year.$0.67$0.14$0.53$1.11$0.69$0.42
2016Summary only. Only limited summary data is available for this year.$0.24$0.12$0.11$0.71$0.66$0.05
2015Summary only. Only limited summary data is available for this year.$0.08$0.02$0.06$0.23$0.25$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.14$0.06$0.08$0.30$0.22$0.08