Civic Intelligence

Ad Astra School

990 • Fiscal year 2023 • EIN 47-1480453

Jul 01, 2023 to Oct 02, 2023 • Filed on Sep 16, 2024

PO Box 341886Austin, TX 78734

(737) 235-6956

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$0

Down $117,226 (-100%) from 2022

Net Assets

Down

$0

Down $105,441 (-100%) from 2022

Liabilities

Down

$0

Down $11,785 (-100%) from 2022

Revenue And Expenses

Revenue

Down

$0

Down $1,137,736 (-100%) from 2022

Expenses

Down

$0

Down $1,759,938 (-100%) from 2022

Net Income

Up

$0

Up $622,202 (+100%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2016: $52,648Liabilities 2016: $0Net Assets 2016: $52,6482016Assets 2017: $84,025Liabilities 2017: $3,600Net Assets 2017: $80,4252017Assets 2018: $301,848Liabilities 2018: $11,374Net Assets 2018: $290,4742018Assets 2019: $244,021Liabilities 2019: $49,581Net Assets 2019: $194,4402019Assets 2020: $526,352Liabilities 2020: $115,476Net Assets 2020: $410,8762020Assets 2021: $1,325,252Liabilities 2021: $597,609Net Assets 2021: $727,6432021Assets 2022: $117,226Liabilities 2022: $11,785Net Assets 2022: $105,4412022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2016: $475,000Expenses 2016: $573,353Net Income 2016: -$98,3532016Revenue 2017: $818,000Expenses 2017: $790,223Net Income 2017: $27,7772017Revenue 2018: $1,416,374Expenses 2018: $1,206,325Net Income 2018: $210,0492018Revenue 2019: $976,676Expenses 2019: $1,072,710Net Income 2019: -$96,0342019Revenue 2020: $1,539,456Expenses 2020: $1,323,020Net Income 2020: $216,4362020Revenue 2021: $1,706,512Expenses 2021: $1,389,745Net Income 2021: $316,7672021Revenue 2022: $1,137,736Expenses 2022: $1,759,938Net Income 2022: -$622,2022022Revenue 2023: $444,826Expenses 2023: $550,267Net Income 2023: -$105,4412023Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023

Highlighted filing

2023

Revenue$0
Expenses$0
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Oct 2, 2023
Signed
Sep 16, 2024
Return Version
2023v5.1
Gross Receipts
$0
Mission and Program Overview

Mission

ATTACHMENT 1

To operate a school with a student-led community and self-paced curriculum.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$0-
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-
Land, Buildings, and Equipment, Net-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Other Assets Total-$0-
Total Assets$0$0→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$0$0→ $0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Elon MuskPresident
Jared J BirchallSecretary & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

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

Jared j. Birchall, secretary & treasurer, is the managing director of the family office that operates for the benefit of elon musk, president, and his related family entities.

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

The form 990 was prepared by the school's accountant and reviewed by the board. At this time, the form 990 was reviewed in detail and approved for submission to the internal revenue service.

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

Each director and officer had signed a statement affirming that he had received a copy of the conflict of interest policy, had read and understood the policy, had agreed to comply with such policy, and agreed that the school might only engage in activities that accomplished one or more of its exempt purposes. Thereby, each director and officer had acknowledged a duty to disclose actual or potential conflicts of interest as they arised. The school regularly and consistently monitored to determine whether any such actual or potential conflicts of interest were disclosed or existed.

Form 990, Part VI, Section B, Line 15

Ad astra school had no compensated executive director or ceo in the final fiscal year. Ad astra school had no compensated employees, officers, or directors during the tax year. Previously, the board of directors was responsible for staff development and compensation. The board empowered its operations director to conduct periodic reviews of compensation and benefits, and to compare compensation of ad astra school employees with data on compensation paid by comparable organizations. It was the school's policy to provide compensation that was above the median for comparable organizations, to more effectively attract and retain the highest quality employees.

Form 990, Part VI, Section C, Line 19

Ad astra school makes available to the public upon request the following governing documents: - internal revenue service tax determination letter - filed form 1023 - filed form 990 for the three most recent fiscal years

Filing and Contact Details

Filer

Filer Name
Ad Astra School
EIN
47-1480453
Phone
7372356956
Address
PO BOX 341886, AUSTIN, TX 78734

Signing Officer

Name
Jared Birchall
Title
Treasurer
Phone
7372356956
Signed
2024-09-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elon Musk
Formed
2014
Legal Domicile
CA
Voting Board Members
1
Independent Board Members
1
Employees
3
Volunteers
0

Preparer

Firm
Catalyst Family Office LLC
Address
5113 SOUTHWEST PARKWAY SUITE 275, AUSTIN, TX 78735
Preparer
Ronald F Gong
Phone
3258993143
Raw XML Appendix320 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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IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentInJointVentureInd00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd00
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IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0AD ASTRA SCHOOL OPERATED A KINDERGARTEN, ELEMENTARY, AND MIDDLE SCHOOL IN TEXAS USING A CURRICULUM THAT INVOLVED A LEARNER-DRIVEN COMMUNITY AND SELF-PACED LEARNING.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/PartialLiquidationInd00
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
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IRS990/PoliticalCampaignActyInd00
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IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0SEE SUPPLEMENTAL PAGE
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1AD ASTRA DISPLAYED A NOTICE OF ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS PRIMARY PUBLICLY ACCESSIBLE INTERNET HOMEPAGE AT ALL TIMES DURING ITS TAX YEAR IN A MANNER REASONABLY EXPECTED TO BE NOTICED BY VISITORS TO THE HOMEPAGE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E QUESTION 3
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleN/OwnerOfSuccessorInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JARED J. BIRCHALL, SECRETARY & TREASURER, IS THE MANAGING DIRECTOR OF THE FAMILY OFFICE THAT OPERATES FOR THE BENEFIT OF ELON MUSK, PRESIDENT, AND HIS RELATED FAMILY ENTITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WAS PREPARED BY THE SCHOOL'S ACCOUNTANT AND REVIEWED BY THE BOARD. AT THIS TIME, THE FORM 990 WAS REVIEWED IN DETAIL AND APPROVED FOR SUBMISSION TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DIRECTOR AND OFFICER HAD SIGNED A STATEMENT AFFIRMING THAT HE HAD RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAD READ AND UNDERSTOOD THE POLICY, HAD AGREED TO COMPLY WITH SUCH POLICY, AND AGREED THAT THE SCHOOL MIGHT ONLY ENGAGE IN ACTIVITIES THAT ACCOMPLISHED ONE OR MORE OF ITS EXEMPT PURPOSES. THEREBY, EACH DIRECTOR AND OFFICER HAD ACKNOWLEDGED A DUTY TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AS THEY ARISED. THE SCHOOL REGULARLY AND CONSISTENTLY MONITORED TO DETERMINE WHETHER ANY SUCH ACTUAL OR POTENTIAL CONFLICTS OF INTEREST WERE DISCLOSED OR EXISTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AD ASTRA SCHOOL HAD NO COMPENSATED EXECUTIVE DIRECTOR OR CEO IN THE FINAL FISCAL YEAR. AD ASTRA SCHOOL HAD NO COMPENSATED EMPLOYEES, OFFICERS, OR DIRECTORS DURING THE TAX YEAR. PREVIOUSLY, THE BOARD OF DIRECTORS WAS RESPONSIBLE FOR STAFF DEVELOPMENT AND COMPENSATION. THE BOARD EMPOWERED ITS OPERATIONS DIRECTOR TO CONDUCT PERIODIC REVIEWS OF COMPENSATION AND BENEFITS, AND TO COMPARE COMPENSATION OF AD ASTRA SCHOOL EMPLOYEES WITH DATA ON COMPENSATION PAID BY COMPARABLE ORGANIZATIONS. IT WAS THE SCHOOL'S POLICY TO PROVIDE COMPENSATION THAT WAS ABOVE THE MEDIAN FOR COMPARABLE ORGANIZATIONS, TO MORE EFFECTIVELY ATTRACT AND RETAIN THE HIGHEST QUALITY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AD ASTRA SCHOOL MAKES AVAILABLE TO THE PUBLIC UPON REQUEST THE FOLLOWING GOVERNING DOCUMENTS: - INTERNAL REVENUE SERVICE TAX DETERMINATION LETTER - FILED FORM 1023 - FILED FORM 990 FOR THE THREE MOST RECENT FISCAL YEARS
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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/BusinessOfficerGrp/PersonNm0JARED BIRCHALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07372356956
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AD ASTRA SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0ADAS
ReturnHeader/Filer/EIN0471480453
ReturnHeader/Filer/PhoneNum07372356956
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 341886
ReturnHeader/Filer/USAddress/CityNm0AUSTIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078734
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0831356013
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CATALYST FAMILY OFFICE LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05113 SOUTHWEST PARKWAY SUITE 275
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AUSTIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078735
ReturnHeader/PreparerPersonGrp/PhoneNum03258993143
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD F GONG
ReturnHeader/ReturnTs02024-09-16T18:05:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02023-10-02
ReturnHeader/TaxYr02023

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