Civic Intelligence

Drexel Academy Inc.

990 • Fiscal year 2018 • EIN 47-4345019

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 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

28th percentile

0.00x

Higher debt load relative to assets than 28% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

28th percentile

0.00x

Higher debt load relative to revenue than 28% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

84th percentile

29%

Higher net margin than 84% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M 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

88th percentile

45%

Faster asset growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

42nd percentile

0.4%

Faster revenue growth than 42% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$720,009

Up $222,482 (+45%) from 2017

Net Assets

Up

$719,775

Up $224,997 (+45%) from 2017

Liabilities

Down

$234

Down $2,515 (-91%) from 2017

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin84th percentile

Revenue

Up

$766,743

Up $2,911 (+0.4%) from 2017

Expenses

Up

$541,746

Up $131,847 (+32%) from 2017

Net Income

Down

$224,997

Down $128,936 (-36%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth88th 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

2018

Assets$720,009
Liabilities$234
Net Assets$719,775
Open 2018 Filing

Operations Trend

Revenue Growth42nd 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

2018

Revenue$766,743
Expenses$541,746
Net Income$224,997
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 15, 2018
Return Version
2017v2.2
Gross Receipts
$766,743
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
Cash and Non-Interest-Bearing Accounts$471,214$699,637▲ $228,423
Savings and Temporary Cash Investments$4,108$12,167▲ $8,059
Total Assets$497,527$720,009▲ $222,482
Other Assets Total$22,205$8,205▼ $14,000
Liabilities
Accounts Payable and Accrued Expenses$2,749$234▼ $2,515
Total Liabilities$2,749$234▼ $2,515
Net Assets / Fund Balance
Temporarily Rstr Net Assets$22,205$711,570▲ $689,365
Unrestricted Net Assets$472,573$8,205▼ $464,368
Total Net Assets Fund Balance$494,778$719,775▲ $224,997
Total Liabilities and Net Assets / Fund Balance$497,527$720,009▲ $222,482

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$8,205--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Tim NewtonPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$762,858
Program Service Revenue
$0
Investment Income
$3,885
Other Revenue
$0
All Other Contributions
$24,580
Change in Net Assets
$224,997

Audited Revenue Reconciliation

Revenue per Audited Statements
$766,743
Total Revenue per Audited Statements
$766,743
Total Revenue per Form 990
$766,743
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$389,436
Other Expenses$133,370
Professional Fundraising Fees$18,940
Total Fundraising Expense$18,940
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$307,654$81,782-$389,436
Occupancy$58,782$15,625-$74,407
Fees for Services Professional Fundraising--$18,940$18,940
Information Technology$12,146$3,229-$15,375
Office Expenses-$9,899-$9,899
Other Expenses$6,356$1,689-$8,045
All Other Expenses$2,956--$2,956
Total Functional Expenses$410,582$112,224$18,940$541,746

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$541,746
Total Expenses per Audited Statements$541,746
Total Expenses per Form 990$541,746
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$18,940
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 Holland
Title
President
Phone
9185105773
Signed
2018-11-15
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
0

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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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Stephen R Ornelas
ReturnHeader/ReturnTs02018-12-31T11:50:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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Filings

Displayed year

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

Open filing
Assets
$720,009
Liabilities
$234
Net assets
$719,775
Revenue
$766,743
Expenses
$541,746
Net income
$224,997
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