Civic Intelligence

Drexel Academy Inc.

990 • Fiscal year 2017 • EIN 47-4345019

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 15, 2018

Organization Profile
2444 E Admiral BlvdTulsa, OK 74110

(918) 510-5773

Siviq Scores

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

Liabilities / Assets

35th percentile

0.01x

Higher debt load relative to assets than 35% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

31st percentile

0.00x

Higher debt load relative to revenue than 31% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

90th percentile

46%

Higher net margin than 90% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

98th percentile

253%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

98th percentile

311%

Faster revenue growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$497,527

Up $356,682 (+253%) from 2016

Net Assets

Up

$494,778

Up $353,933 (+251%) from 2016

Liabilities

Up

$2,749

Up $2,749 from 2016

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin90th percentile

Revenue

Up

$763,832

Up $578,069 (+311%) from 2016

Expenses

Up

$409,899

Up $364,981 (+813%) from 2016

Net Income

Up

$353,933

Up $213,088 (+151%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

2017

Assets$497,527
Liabilities$2,749
Net Assets$494,778
Open 2017 Filing

Operations Trend

Revenue Growth98th percentile

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

2017

Revenue$763,832
Expenses$409,899
Net Income$353,933
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 15, 2018
Return Version
2016v3.0
Gross Receipts
$763,832
Mission and Program Overview

Mission

Drexel academy is a donor-supported private elementary school that provides an exceptional education to north tulsas historically marginalized community, inspiring the development of servant-leaders who achieve academic, personal and professional success.

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
Cash and Non-Interest-Bearing Accounts$18,909$471,214▲ $452,305
Savings and Temporary Cash Investments$100,336$4,108▼ $96,228
Total Assets$140,845$497,527▲ $356,682
Other Assets Total$21,600$22,205▲ $605
Liabilities
Accounts Payable and Accrued Expenses-$2,749-
Total Liabilities$0$2,749▲ $2,749
Net Assets / Fund Balance
Unrestricted Net Assets$119,245$472,573▲ $353,328
Temporarily Rstr Net Assets$21,600$22,205▲ $605
Total Net Assets Fund Balance$140,845$494,778▲ $353,933
Total Liabilities and Net Assets / Fund Balance$140,845$497,527▲ $356,682

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$22,205--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Tim NewtonPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$762,739
Program Service Revenue
$0
Investment Income
$1,093
Other Revenue
$0
All Other Contributions
$762,739
Change in Net Assets
$353,933

Audited Revenue Reconciliation

Revenue per Audited Statements
$763,832
Total Revenue per Audited Statements
$763,832
Total Revenue per Form 990
$763,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$242,569
Other Expenses$135,605
Professional Fundraising Fees$26,321
Total Fundraising Expense$26,321
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$242,569--$242,569
Occupancy$105,464--$105,464
Fees for Services Other$27,141--$27,141
Fees for Services Professional Fundraising--$26,321$26,321
Benefits to Members$5,404--$5,404
Fees for Services Legal-$3,000-$3,000
Total Functional Expenses$380,578$3,000$26,321$409,899

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$409,899
Total Expenses per Audited Statements$409,899
Total Expenses per Form 990$409,899
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$26,321
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
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 governing body review Part VI line 11

“The governing body reviews the 990 before it is filed.”

Conflict of interest policy compliance Part VI line 12C

“The governing body has a policy for conflicts of interest and reviews its employees and board members as needed.”

CEO executive director top management comp Part VI line 15A

“The board approves all salaries for the school.”

Other officer or key employee compensation Part VI line 15B

“The governing board approves the salaries of all employees.”

Governing documents etc available to public Part VI line 19

“The governing body makes available all current information.”

Filing and Contact Details

Filer

Filer Name
Drexel Academy Inc
EIN
47-4345019
Address
2444 E ADMIRAL BLVD, TULSA, OK 74110

Signing Officer

Name
Tim Newton
Title
President
Phone
9185105773
Signed
2018-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Newton
Formed
2016
Legal Domicile
Ok
Voting Board Members
9
Independent Board Members
9
Employees
8

Preparer

Firm
Ornelas and Morris CPAs PC
Address
5840 S Memorial Ste 315, Tulsa, OK 74145
Preparer
Stephen R ornelas
Phone
9186656420
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BOARD APPROVES THE SALARIES OF ALL EMPLOYEES.
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ReturnHeader/Filer/EIN0474345019
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ReturnHeader/FilingSecurityInformation/IPTm007:50:50
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05840 S Memorial Ste 315
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tulsa
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd074145
ReturnHeader/PreparerPersonGrp/PhoneNum09186656420
ReturnHeader/PreparerPersonGrp/PreparationDt02018-01-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Stephen R ornelas
ReturnHeader/ReturnTs02018-01-23T13:54:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$497,527
Liabilities
$2,749
Net assets
$494,778
Revenue
$763,832
Expenses
$409,899
Net income
$353,933
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