Civic Intelligence

Drexel Academy Inc.

990 • Fiscal year 2016 • EIN 47-4345019

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 15, 2017

Organization Profile
1 West 36th Street NorthTulsa, OK 74106

(918) 986-9599

Siviq Scores

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

Liabilities / Assets

54th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

54th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

97th percentile

76%

Higher net margin than 97% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets54th percentile

Assets

$140,845

No earlier filing loaded for comparison.

Net Assets

$140,845

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin97th percentile

Revenue

$185,763

No earlier filing loaded for comparison.

Expenses

$44,918

No earlier filing loaded for comparison.

Net Income

$140,845

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0Assets 2016: $140,845Liabilities 2016: $0Net Assets 2016: $140,8452016Assets 2017: $497,527Liabilities 2017: $2,749Net Assets 2017: $494,7782017Assets 2018: $720,009Liabilities 2018: $234Net Assets 2018: $719,7752018Assets 2019: $2,070,564Liabilities 2019: $779,563Net Assets 2019: $1,291,0012019Assets 2020: $1,861,746Liabilities 2020: $824,518Net Assets 2020: $1,037,2282020Assets 2021: $1,337,768Liabilities 2021: $809,806Net Assets 2021: $527,9622021Assets 2022: $1,284,538Liabilities 2022: $669,997Net Assets 2022: $614,5412022Assets 2023: $1,751,016Liabilities 2023: $535,201Net Assets 2023: $1,215,8152023Assets 2024: $1,118,087Liabilities 2024: $530,058Net Assets 2024: $588,0292024Assets 2025: $1,037,718Liabilities 2025: $675,585Net Assets 2025: $362,1332025

Highlighted filing

2016

Assets$140,845
Liabilities$0
Net Assets$140,845
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.0M$0-$1.0MRevenue 2016: $185,763Expenses 2016: $44,918Net Income 2016: $140,8452016Revenue 2017: $763,832Expenses 2017: $409,899Net Income 2017: $353,9332017Revenue 2018: $766,743Expenses 2018: $541,746Net Income 2018: $224,9972018Revenue 2019: $1,252,028Expenses 2019: $680,799Net Income 2019: $571,2292019Revenue 2020: $528,610Expenses 2020: $782,386Net Income 2020: -$253,7762020Revenue 2021: $285,578Expenses 2021: $794,591Net Income 2021: -$509,0132021Revenue 2022: $1,002,973Expenses 2022: $916,394Net Income 2022: $86,5792022Revenue 2023: $1,661,257Expenses 2023: $1,059,983Net Income 2023: $601,2742023Revenue 2024: $627,452Expenses 2024: $1,255,238Net Income 2024: -$627,7862024Revenue 2025: $1,324,342Expenses 2025: $1,550,238Net Income 2025: -$225,8962025

Highlighted filing

2016

Revenue$185,763
Expenses$44,918
Net Income$140,845
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 15, 2017
Return Version
2015v3.0
Gross Receipts
$185,763
Mission and Program Overview

Mission

An innercity elementary non-tuition driven school for families in challenging economic enviroments. Originally set up as a charter school then switched to a privately funded school. Nearly 100% of the funding will come from private sources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$100,336-
Cash and Non-Interest-Bearing Accounts-$18,909-
Total Assets$0$140,845▲ $140,845
Other Assets Total-$21,600-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets-$119,245-
Temporarily Rstr Net Assets-$21,600-
Total Net Assets Fund Balance$0$140,845▲ $140,845
Total Liabilities and Net Assets / Fund Balance$0$140,845▲ $140,845

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$21,600--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Bob SullivanBoard Chairman
Joe OconnorActing President
Bobby WoodartBoard
Davis PeckBoard
Ed HarrisBoard
Jim GoodwinBoard
Kathy CurryBoard
Lavon SartorumBoard
Ray MillerBoard
David LimekillerBoard Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$185,629
Program Service Revenue
$0
Investment Income
$134
Other Revenue
$0
All Other Contributions
$185,629
Change in Net Assets
$140,845

Audited Revenue Reconciliation

Revenue per Audited Statements
$185,763
Total Revenue per Audited Statements
$185,763
Total Revenue per Form 990
$185,763
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$44,732
Salaries, Compensation, and Employee Benefits$186
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$11,063-$11,063
Occupancy-$4,501-$4,501
Other Expenses$3,129$23,611-$3,129
Office Expenses-$1,428-$1,428
Information Technology-$1,000-$1,000
Other Employee Benefits-$186-$186
Total Functional Expenses$3,129$41,789$0$44,918

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$44,918
Total Expenses per Audited Statements$44,918
Total Expenses per Form 990$44,918
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“Review of 990 is done by the board prior to the filing.”

Conflict of interest policy compliance Part VI line 12C

“A conflict of interest is adhered to by each member of the board.”

Governing documents etc available to public Part VI line 19

“The governing documents are available for anyone”

Filing and Contact Details

Filer

Filer Name
Drexel Academy Inc
EIN
47-4345019
Address
1 WEST 36TH STREET NORTH, TULSA, OK 74106

Signing Officer

Name
Joe Oconnor
Title
President
Phone
9183929096
Signed
2017-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Oconnor
Formed
2015
Legal Domicile
Ok
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Ornelas & Morris CPAs PC
Address
5840 S Memorial Ste 315, Tulsa, OK 74145
Preparer
Stephen R Ornelas
Phone
9186656420
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IRS990/TotalContributionsAmt0185629
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt041789
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03129
IRS990/TotalFunctionalExpensesGrp/TotalAmt044918
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0140845
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03129
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0134
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0185763
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0140845
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0119245
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOE OCONNOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09183929096
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DREXEL ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0DREX
ReturnHeader/Filer/EIN0474345019
ReturnHeader/Filer/USAddress/AddressLine1Txt01 WEST 36TH STREET NORTH
ReturnHeader/Filer/USAddress/CityNm0TULSA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd074106
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731429132
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Ornelas & Morris CPAs PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05840 S Memorial Ste 315
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tulsa
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd074145
ReturnHeader/PreparerPersonGrp/PhoneNum09186656420
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Stephen R Ornelas
ReturnHeader/ReturnTs02017-02-02T13:36:09-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$140,845
Liabilities
$0
Net assets
$140,845
Revenue
$185,763
Expenses
$44,918
Net income
$140,845
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.04$0.68$0.36$1.32$1.55$0.23
2024Detailed filing. Detailed filing data is available for this year.$1.12$0.53$0.59$0.63$1.26$0.63
2023Detailed filing. Detailed filing data is available for this year.$1.75$0.54$1.22$1.66$1.06$0.60
2022Detailed filing. Detailed filing data is available for this year.$1.28$0.67$0.61$1.00$0.92$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.81$0.53$0.29$0.79$0.51
2020Detailed filing. Detailed filing data is available for this year.$1.86$0.82$1.04$0.53$0.78$0.25
2019Detailed filing. Detailed filing data is available for this year.$2.07$0.78$1.29$1.25$0.68$0.57
2018Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$0.77$0.54$0.22
2017Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.49$0.76$0.41$0.35
2016Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.19$0.04$0.14