Civic Intelligence

Drexel Academy Inc.

990 • Fiscal year 2019 • EIN 47-4345019

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 15, 2019

Organization Profile
1 36th St NorthTulsa, OK 74106

(918) 510-5773

Siviq Scores

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

Liabilities / Assets

76th percentile

0.38x

Higher debt load relative to assets than 76% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

0.62x

Higher debt load relative to revenue than 82% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

90th percentile

46%

Higher net margin than 90% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

97th percentile

188%

Faster asset growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

90th percentile

63%

Faster revenue growth than 90% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$2,070,564

Up $1,350,555 (+188%) from 2018

Net Assets

Up

$1,291,001

Up $571,226 (+79%) from 2018

Liabilities

Up

$779,563

Up $779,329 (+333047%) from 2018

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin90th percentile

Revenue

Up

$1,252,028

Up $485,285 (+63%) from 2018

Expenses

Up

$680,799

Up $139,053 (+26%) from 2018

Net Income

Up

$571,229

Up $346,232 (+154%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth97th 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

2019

Assets$2,070,564
Liabilities$779,563
Net Assets$1,291,001
Open 2019 Filing

Operations Trend

Revenue Growth90th 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

2019

Revenue$1,252,028
Expenses$680,799
Net Income$571,229
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$1,252,028
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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$1,085,161-
Cash and Non-Interest-Bearing Accounts$699,637$964,153▲ $264,516
Savings and Temporary Cash Investments$12,167$18,545▲ $6,378
Total Assets$720,009$2,070,564▲ $1,350,555
Other Assets Total$8,205$2,705▼ $5,500
Liabilities
Mortgage Notes Payable Secured by Investment Property-$778,504-
Accounts Payable and Accrued Expenses$234$1,059▲ $825
Total Liabilities$234$779,563▲ $779,329
Net Assets / Fund Balance
Permanently Rstr Net Assets-$1,085,161-
Temporarily Rstr Net Assets$711,570--
Unrestricted Net Assets$8,205$205,840▲ $197,635
Total Net Assets Fund Balance$719,775$1,291,001▲ $571,226
Total Liabilities and Net Assets / Fund Balance$720,009$2,070,564▲ $1,350,555

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$984,888$23,816-
Land$100,273--
Other Assets Org$2,705--
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Bob SullivanBoard Chairman
Tim NewtonPresident
Bobby WoodardBoard
Ed HarrisBoard
Jim GoodwinBoard
Joe OconnerBoard
Kathy CurryBoard
Kevin SartoriusBoard
Ray MillerBoard
Rev Mc PotterBoard
Rose WashingtonBoard
David LimekillerBoard Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,242,891
Program Service Revenue
$0
Investment Income
$9,137
Other Revenue
$0
All Other Contributions
$1,222,172
Change in Net Assets
$571,229

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,252,028
Total Revenue per Audited Statements
$1,252,028
Total Revenue per Form 990
$1,252,028
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$454,153
Other Expenses$226,646
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$358,781$95,372-$454,153
Occupancy$76,991$20,466-$97,457
Office Expenses-$43,801-$43,801
Depreciation Depletion$23,816--$23,816
Information Technology$18,656$4,959-$23,615
Other Expenses$13,304$3,537-$16,841
All Other Expenses$6,771--$6,771
Fees for Services Legal-$-360-$-360
Total Functional Expenses$513,024$167,775$0$680,799

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$680,799
Total Expenses per Audited Statements$680,799
Total Expenses per Form 990$680,799
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
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
1 36TH ST NORTH, TULSA, OK 74106

Signing Officer

Name
Tim Newton
Title
President
Phone
9189869599
Signed
2019-11-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Tim Newton
Formed
2016
Legal Domicile
Ok
Voting Board Members
12
Independent Board Members
12
Employees
10
Volunteers
225

Preparer

Firm
Ornelas & Morris CPAs PC
Address
5840 S Memorial Ste 315, Tulsa, OK 74145
Preparer
Steve 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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IRS990/PYTotalProfFndrsngExpnsAmt018940
IRS990/PYTotalRevenueAmt0766743
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt023816
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt01085161
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02705
IRS990ScheduleD/TotalExpensesPerForm990Amt0680799
IRS990ScheduleD/TotalRevenuePerForm990Amt01252028
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01252028
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0680799
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IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0false
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BODY REVIEWS THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY HAS A POLICY FOR CONFLICTS OF INTEREST AND REVIEWS ITS EMPLOYEES AND BOARD MEMBERS AS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD APPROVES ALL SALARIES FOR THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BOARD APPROVES THE SALARIES OF ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING BODY MAKES AVAILABLE ALL CURRENT INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt01242891
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0167775
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0513024
IRS990/TotalFunctionalExpensesGrp/TotalAmt0680799
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0234
IRS990/TotalLiabilitiesEOYAmt0779563
IRS990/TotalLiabilitiesGrp/BOYAmt0234
IRS990/TotalLiabilitiesGrp/EOYAmt0779563
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IRS990/TotalProgramServiceExpensesAmt0513024
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09137
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01252028
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0225
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02070564
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM NEWTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09189869599
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DREXEL ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0DREX
ReturnHeader/Filer/EIN0474345019
ReturnHeader/Filer/USAddress/AddressLine1Txt01 36TH ST NORTH
ReturnHeader/Filer/USAddress/CityNm0TULSA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd074106
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId032347AA19D462E7B11D74D848963CCC2E004FA25
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId032347AA19D462E7B11D74D848963CCC2E004FA25
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId073674120193265hbd343
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-11-22
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt076.76.130.2
ReturnHeader/FilingSecurityInformation/IPDt02019-11-22
ReturnHeader/FilingSecurityInformation/IPTm014:49:00
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/PreparationDt02019-11-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Steve Ornelas
ReturnHeader/ReturnTs02019-11-22T14:47:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,070,564
Liabilities
$779,563
Net assets
$1,291,001
Revenue
$1,252,028
Expenses
$680,799
Net income
$571,229
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