Civic Intelligence

Drexel Academy Inc.

990 • Fiscal year 2020 • EIN 47-4345019

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 16, 2020

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

78th percentile

0.44x

Higher debt load relative to assets than 78% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

1.56x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

8th percentile

-48%

Higher net margin than 8% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

9th percentile

-10%

Faster asset growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-58%

Faster revenue growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$1,861,746

Down $208,818 (-10%) from 2019

Net Assets

Down

$1,037,228

Down $253,773 (-20%) from 2019

Liabilities

Up

$824,518

Up $44,955 (+5.8%) from 2019

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin8th percentile

Revenue

Down

$528,610

Down $723,418 (-58%) from 2019

Expenses

Up

$782,386

Up $101,587 (+15%) from 2019

Net Income

Down

-$253,776

Down $825,005 (-144%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth9th 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

2020

Assets$1,861,746
Liabilities$824,518
Net Assets$1,037,228
Open 2020 Filing

Operations Trend

Revenue Growth6th 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

2020

Revenue$528,610
Expenses$782,386
Net Income-$253,776
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$528,610
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$1,111,152▲ $25,991
Cash and Non-Interest-Bearing Accounts$964,153$536,808▼ $427,345
Savings and Temporary Cash Investments$18,545$211,081▲ $192,536
Total Assets$2,070,564$1,861,746▼ $208,818
Other Assets Total$2,705$2,705→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$778,504$820,058▲ $41,554
Accounts Payable and Accrued Expenses$1,059$4,460▲ $3,401
Total Liabilities$779,563$824,518▲ $44,955
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$205,840$658,063▲ $452,223
Net Assets With Donor Restrictions$1,085,161$379,165▼ $705,996
Total Net Assets Fund Balance$1,291,001$1,037,228▼ $253,773
Total Liabilities and Net Assets / Fund Balance$2,070,564$1,861,746▼ $208,818

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$961,072$47,632-
Land$100,273--
Equipment$11,486$2,871-
Leasehold Improvements$38,321$11,515-
Other Assets Org$2,705--
Compensation and Service Providers
Top Officer Pay37th 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
$521,862
Program Service Revenue
$0
Investment Income
$6,748
Other Revenue
$0
All Other Contributions
$500,416
Change in Net Assets
$-253,776

Audited Revenue Reconciliation

Revenue per Audited Statements
$528,610
Total Revenue per Audited Statements
$528,610
Total Revenue per Form 990
$528,610
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$560,063
Other Expenses$208,769
Professional Fundraising Fees$13,554
Total Fundraising Expense$13,554
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$442,450$117,613-$560,063
Office Expenses-$60,198-$60,198
Depreciation Depletion$38,202--$38,202
Occupancy$16,067$13,209-$29,276
Other Expenses$15,393$4,092-$19,485
Information Technology$13,228$3,516-$16,744
Fees for Services Professional Fundraising--$13,554$13,554
All Other Expenses$9,907--$9,907
Total Functional Expenses$570,204$198,628$13,554$782,386

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$782,386
Total Expenses per Audited Statements$782,386
Total Expenses per Form 990$782,386
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$13,554
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 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 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
2020-11-16
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

Preparer

Firm
Ornelas & Morris CPAs PC
Address
5840 S Memorial Ste 315, Tulsa, OK 74145
Preparer
Steve Ornelas
Phone
9186656420
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“ROUNDING”

Raw XML Appendix394 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01059
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04460
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0DREXEL 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.
IRS990/AllOtherContributionsAmt0500416
IRS990/AllOtherExpensesGrp/ProgramServicesAmt09907
IRS990/AllOtherExpensesGrp/TotalAmt09907
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0TIM NEWTON
IRS990/BooksInCareOfDetail/PhoneNum09185105773
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01 36TH ST NORTH
IRS990/BooksInCareOfDetail/USAddress/CityNm0TULSA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OK
IRS990/BooksInCareOfDetail/USAddress/ZIPCd074106
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0964153
IRS990/CashNonInterestBearingGrp/EOYAmt0536808
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0521862
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt06748
IRS990/CYOtherExpensesAmt0208769
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-253776
IRS990/CYSalariesCompEmpBnftPaidAmt0560063
IRS990/CYTotalExpensesAmt0782386
IRS990/CYTotalFundraisingExpenseAmt013554
IRS990/CYTotalProfFndrsngExpnsAmt013554
IRS990/CYTotalRevenueAmt0528610
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt038202
IRS990/DepreciationDepletionGrp/TotalAmt038202
IRS990/Desc02016-2017 THE SCHOOL ESTABLISHED ITS ACCEDEMIC CURRICULAM AND ASSESMENT STRATEGIES.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt01085161
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0379165
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt010
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0570204
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesProfFundraising/FundraisingAmt013554
IRS990/FeesForServicesProfFundraising/TotalAmt013554
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0true
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0BOB SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm1DAVID LIMEKILLER
IRS990/Form990PartVIISectionAGrp/PersonNm2ED HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm3KATHY CURRY
IRS990/Form990PartVIISectionAGrp/PersonNm4RAY MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm5ROSE WASHINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm6KEVIN SARTORIUS
IRS990/Form990PartVIISectionAGrp/PersonNm7JIM GOODWIN
IRS990/Form990PartVIISectionAGrp/PersonNm8BOBBY WOODARD
IRS990/Form990PartVIISectionAGrp/PersonNm9JOE OCONNER
IRS990/Form990PartVIISectionAGrp/PersonNm10REV MC POTTER
IRS990/Form990PartVIISectionAGrp/PersonNm11TIM NEWTON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0528610
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03516
IRS990/InformationTechnologyGrp/ProgramServicesAmt013228
IRS990/InformationTechnologyGrp/TotalAmt016744
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt06748
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06748
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt062018
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01085161
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01111152
IRS990/LandBldgEquipCostOrOtherBssAmt01173170
IRS990/LegalDomicileStateCd0OK
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt021446
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0DREXEL 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0778504
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0820058
IRS990/NetAssetsOrFundBalancesBOYAmt01291001
IRS990/NetAssetsOrFundBalancesEOYAmt01037228
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0205840
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0658063
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0true
IRS990/NondeductibleContriDisclInd0true
IRS990/OccupancyGrp/ManagementAndGeneralAmt013209
IRS990/OccupancyGrp/ProgramServicesAmt016067
IRS990/OccupancyGrp/TotalAmt029276
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt060198
IRS990/OfficeExpensesGrp/TotalAmt060198
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02705
IRS990/OtherAssetsTotalGrp/EOYAmt02705
IRS990/OtherChangesInNetAssetsAmt03
IRS990/OtherExpensesGrp/Desc0CLASSROOM
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL DEVELOPEMENT
IRS990/OtherExpensesGrp/Desc2NUTRITION
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04092
IRS990/OtherExpensesGrp/ProgramServicesAmt028284
IRS990/OtherExpensesGrp/ProgramServicesAmt12212
IRS990/OtherExpensesGrp/ProgramServicesAmt24461
IRS990/OtherExpensesGrp/ProgramServicesAmt315393
IRS990/OtherExpensesGrp/TotalAmt028284
IRS990/OtherExpensesGrp/TotalAmt12212
IRS990/OtherExpensesGrp/TotalAmt24461
IRS990/OtherExpensesGrp/TotalAmt319485
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0117613
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0442450
IRS990/OtherSalariesAndWagesGrp/TotalAmt0560063
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0TIM NEWTON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01242891
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt09137
IRS990/PYOtherExpensesAmt0226646
IRS990/PYRevenuesLessExpensesAmt0571229
IRS990/PYSalariesCompEmpBnftPaidAmt0454153
IRS990/PYTotalExpensesAmt0680799
IRS990/PYTotalRevenueAmt01252028
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-253776
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt018545
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0211081
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0961072
IRS990ScheduleD/BuildingsGrp/DepreciationAmt047632
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01008704
IRS990ScheduleD/EquipmentGrp/BookValueAmt011486
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02871
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt014357
IRS990ScheduleD/ExpensesSubtotalAmt0782386
IRS990ScheduleD/LandGrp/BookValueAmt0100273
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0100273
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt038321
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt011515
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt049836
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02705
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0528610
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01111152
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02705
IRS990ScheduleD/TotalExpensesPerForm990Amt0782386
IRS990ScheduleD/TotalRevenuePerForm990Amt0528610
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0528610
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0782386
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0false
IRS990/ScheduleJRequiredInd0false
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/ExplanationTxt5ROUNDING
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02070564
IRS990/TotalAssetsEOYAmt01861746
IRS990/TotalAssetsGrp/BOYAmt02070564
IRS990/TotalAssetsGrp/EOYAmt01861746
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0521862
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013554
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0198628
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0570204
IRS990/TotalFunctionalExpensesGrp/TotalAmt0782386
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0779563
IRS990/TotalLiabilitiesEOYAmt0824518
IRS990/TotalLiabilitiesGrp/BOYAmt0779563
IRS990/TotalLiabilitiesGrp/EOYAmt0824518
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01291001
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01037228
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0570204
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06748
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0528610
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02070564
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01861746
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM NEWTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09189869599
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
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/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/PreparationDt02021-02-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Steve Ornelas
ReturnHeader/ReturnTs02021-02-12T18:06:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,861,746
Liabilities
$824,518
Net assets
$1,037,228
Revenue
$528,610
Expenses
$782,386
Net income
-$253,776
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