Civic Intelligence

Drexel Academy Inc.

990 • Fiscal year 2021 • EIN 47-4345019

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 15, 2021

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

87th percentile

0.61x

Higher debt load relative to assets than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

2.84x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

2nd percentile

-178%

Higher net margin than 2% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

3rd percentile

-28%

Faster asset growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

6th percentile

-46%

Faster revenue growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$1,337,768

Down $523,978 (-28%) from 2020

Net Assets

Down

$527,962

Down $509,266 (-49%) from 2020

Liabilities

Down

$809,806

Down $14,712 (-1.8%) from 2020

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin2nd percentile

Revenue

Down

$285,578

Down $243,032 (-46%) from 2020

Expenses

Up

$794,591

Up $12,205 (+1.6%) from 2020

Net Income

Down

-$509,013

Down $255,237 (-101%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth3rd 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

2021

Assets$1,337,768
Liabilities$809,806
Net Assets$527,962
Open 2021 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

2021

Revenue$285,578
Expenses$794,591
Net Income-$509,013
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 15, 2021
Return Version
2020v4.1
Gross Receipts
$285,578
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$1,111,152$1,071,227▼ $39,925
Savings and Temporary Cash Investments$210,829$202,341▼ $8,488
Cash and Non-Interest-Bearing Accounts$536,808$60,695▼ $476,113
Total Assets$1,861,494$1,337,768▼ $523,726
Other Assets Total$2,705$3,505▲ $800
Liabilities
Mortgage Notes Payable Secured by Investment Property$726,858$697,657▼ $29,201
Deferred Revenue$93,200$109,662▲ $16,462
Accounts Payable and Accrued Expenses$4,460$2,487▼ $1,973
Total Liabilities$824,518$809,806▼ $14,712
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$379,165$264,126▼ $115,039
Net Assets With Donor Restrictions$657,811$263,836▼ $393,975
Total Net Assets Fund Balance$1,036,976$527,962▼ $509,014
Total Liabilities and Net Assets / Fund Balance$1,861,494$1,337,768▼ $523,726

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$914,226$94,478-
Land$100,273--
Equipment$6,892$7,465-
Leasehold Improvements$49,836--
Other Assets Org$800--
Compensation and Service Providers
Top Officer Pay39th 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
$285,001
Program Service Revenue
$0
Investment Income
$577
Other Revenue
$0
All Other Contributions
$252,155
Change in Net Assets
$-509,013

Audited Revenue Reconciliation

Revenue per Audited Statements
$285,578
Total Revenue per Audited Statements
$285,578
Total Revenue per Form 990
$285,578
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$580,396
Other Expenses$203,799
Professional Fundraising Fees$10,396
Total Fundraising Expense$10,396
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$458,513$121,883-$580,396
Occupancy$35,759$20,118-$55,877
Fees for Services Management-$51,539-$51,539
Depreciation Depletion$39,925--$39,925
Information Technology$16,182$4,302-$20,484
Other Expenses$15,066$4,005-$19,071
Fees for Services Professional Fundraising--$10,396$10,396
All Other Expenses$2,103--$2,103
Total Functional Expenses$582,348$201,847$10,396$794,591

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$794,591
Total Expenses per Audited Statements$794,591
Total Expenses per Form 990$794,591
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$10,396
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
2021-01-15
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

Preparer

Firm
Ornelas & Morris CPAs PC
Address
5840 S Memorial Ste 315, Tulsa, OK 74145
Preparer
Steve Ornelas
Phone
9186656420
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0121883
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0458513
IRS990/OtherSalariesAndWagesGrp/TotalAmt0580396
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0TIM NEWTON
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYInvestmentIncomeAmt06748
IRS990/PYOtherExpensesAmt0205898
IRS990/PYRevenuesLessExpensesAmt0-250905
IRS990/PYSalariesCompEmpBnftPaidAmt0560063
IRS990/PYTotalExpensesAmt0779515
IRS990/PYTotalProfFndrsngExpnsAmt013554
IRS990/PYTotalRevenueAmt0528610
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-509013
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0202341
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt094478
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IRS990ScheduleD/EquipmentGrp/BookValueAmt06892
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07465
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt014357
IRS990ScheduleD/ExpensesSubtotalAmt0794591
IRS990ScheduleD/LandGrp/BookValueAmt0100273
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0100273
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt049836
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt049836
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02705
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1800
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCOUNTS RECEIVABLE
IRS990ScheduleD/RevenueSubtotalAmt0285578
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01071227
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03505
IRS990ScheduleD/TotalExpensesPerForm990Amt0794591
IRS990ScheduleD/TotalRevenuePerForm990Amt0285578
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0800
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0TIM NEWTON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt0800
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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
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt01861494
IRS990/TotalAssetsGrp/EOYAmt01337768
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IRS990/TotalContributionsAmt0285001
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010396
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0201847
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0582348
IRS990/TotalFunctionalExpensesGrp/TotalAmt0794591
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0824518
IRS990/TotalLiabilitiesEOYAmt0809806
IRS990/TotalLiabilitiesGrp/BOYAmt0824518
IRS990/TotalLiabilitiesGrp/EOYAmt0809806
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IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0285578
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01337768
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-03-31 18:45:55Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM NEWTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09189869599
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-01-15
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/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

Document Assets

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Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,337,768
Liabilities
$809,806
Net assets
$527,962
Revenue
$285,578
Expenses
$794,591
Net income
-$509,013
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