Civic Intelligence

Drexel Academy Inc.

990 • Fiscal year 2023 • EIN 47-4345019

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 15, 2024

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

75th percentile

0.31x

Higher debt load relative to assets than 75% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

73rd percentile

0.32x

Higher debt load relative to revenue than 73% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

85th percentile

36%

Higher net margin than 85% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

85th percentile

36%

Faster asset growth than 85% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

87th percentile

66%

Faster revenue growth than 87% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$1,751,016

Up $466,478 (+36%) from 2022

Net Assets

Up

$1,215,815

Up $601,274 (+98%) from 2022

Liabilities

Down

$535,201

Down $134,796 (-20%) from 2022

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin85th percentile

Revenue

Up

$1,661,257

Up $658,284 (+66%) from 2022

Expenses

Up

$1,059,983

Up $143,589 (+16%) from 2022

Net Income

Up

$601,274

Up $514,695 (+594%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth85th 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

2023

Assets$1,751,016
Liabilities$535,201
Net Assets$1,215,815
Open 2023 Filing

Operations Trend

Revenue Growth87th 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

2023

Revenue$1,661,257
Expenses$1,059,983
Net Income$601,274
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 15, 2024
Return Version
2022v5.0
Gross Receipts
$1,661,257
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$1,033,139$996,154▼ $36,985
Cash and Non-Interest-Bearing Accounts$206,319$651,216▲ $444,897
Savings and Temporary Cash Investments$42,375$100,941▲ $58,566
Total Assets$1,284,538$1,751,016▲ $466,478
Other Assets Total$2,705$2,705→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$666,653$528,988▼ $137,665
Accounts Payable and Accrued Expenses$3,344$6,213▲ $2,869
Total Liabilities$669,997$535,201▼ $134,796
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$366,487$996,154▲ $629,667
Net Assets With Donor Restrictions$248,054$219,661▼ $28,393
Total Net Assets Fund Balance$614,541$1,215,815▲ $601,274
Total Liabilities and Net Assets / Fund Balance$1,284,538$1,751,016▲ $466,478

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$843,564$165,140-
Land$100,273--
Equipment$2,481$11,876-
Leasehold Improvements$49,836--
Other Assets Org$2,705--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Bob SullivanBoard Chairman
Tim NewtonPresident
Brad BurdettBoard
Ed HarrisBoard
Jim GoodwinBoard
Joe OconnerBoard
Kathy CurryBoard
Kevin SartoriusBoard
Rev Mc PotterBoard
David LimekillerBoard Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,642,322
Program Service Revenue
$0
Investment Income
$18,935
Other Revenue
$0
All Other Contributions
$1,642,322
Change in Net Assets
$601,274

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,661,257
Total Revenue per Audited Statements
$1,661,257
Total Revenue per Form 990
$1,661,257
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$750,302
Other Expenses$309,681
Total Fundraising Expense$13,622
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$592,738$157,564-$750,302
Occupancy$110,551$39,218-$149,769
Fees for Services Management-$45,586-$45,586
Depreciation Depletion$36,985--$36,985
Other Expenses$23,364$6,211-$29,575
Information Technology$13,953$3,709-$17,662
Advertising--$13,622$13,622
Fees for Services Other$6,961--$6,961
All Other Expenses-$4,596-$4,596
Total Functional Expenses$789,477$256,884$13,622$1,059,983

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,059,983
Total Expenses per Audited Statements$1,059,983
Total Expenses per Form 990$1,059,983
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 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
2024-02-15
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
29
Volunteers
10

Preparer

Firm
Ornelas & Morris CPAs PC
Address
5840 S Memorial Ste 315, Tulsa, OK 74145
Preparer
Steve Ornelas
Phone
9186656420
Raw XML Appendix377 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/BOYAmt03344
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt06213
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/AdvertisingGrp/FundraisingAmt013622
IRS990/AdvertisingGrp/TotalAmt013622
IRS990/AllOtherContributionsAmt01642322
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt04596
IRS990/AllOtherExpensesGrp/TotalAmt04596
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/BOYAmt0206319
IRS990/CashNonInterestBearingGrp/EOYAmt0651216
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01642322
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt018935
IRS990/CYOtherExpensesAmt0309681
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0601274
IRS990/CYSalariesCompEmpBnftPaidAmt0750302
IRS990/CYTotalExpensesAmt01059983
IRS990/CYTotalFundraisingExpenseAmt013622
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01661257
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt036985
IRS990/DepreciationDepletionGrp/TotalAmt036985
IRS990/Desc02016-2017 THE SCHOOL ESTABLISHED ITS ACCEDEMIC CURRICULUM AND ASSESSMENT STRATEGIES.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0248054
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0219661
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt029
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0789477
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt045586
IRS990/FeesForServicesManagementGrp/TotalAmt045586
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt06961
IRS990/FeesForServicesOtherGrp/TotalAmt06961
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
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/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/AverageHoursPerWeekRt940.00
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/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/PersonNm0BRAD BURDETT
IRS990/Form990PartVIISectionAGrp/PersonNm1JIM GOODWIN
IRS990/Form990PartVIISectionAGrp/PersonNm2REV MC POTTER
IRS990/Form990PartVIISectionAGrp/PersonNm3JOE OCONNER
IRS990/Form990PartVIISectionAGrp/PersonNm4KEVIN SARTORIUS
IRS990/Form990PartVIISectionAGrp/PersonNm5BOB SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm6DAVID LIMEKILLER
IRS990/Form990PartVIISectionAGrp/PersonNm7KATHY CURRY
IRS990/Form990PartVIISectionAGrp/PersonNm8ED HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm9TIM 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/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/TitleTxt0BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01661257
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03709
IRS990/InformationTechnologyGrp/ProgramServicesAmt013953
IRS990/InformationTechnologyGrp/TotalAmt017662
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt018935
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt018935
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/JointCostsInd0X
IRS990/LandBldgEquipAccumDeprecAmt0177016
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01033139
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0996154
IRS990/LandBldgEquipCostOrOtherBssAmt01173170
IRS990/LegalDomicileStateCd0OK
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
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/BOYAmt0666653
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0528988
IRS990/NetAssetsOrFundBalancesBOYAmt0614541
IRS990/NetAssetsOrFundBalancesEOYAmt01215815
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0366487
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0996154
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt039218
IRS990/OccupancyGrp/ProgramServicesAmt0110551
IRS990/OccupancyGrp/TotalAmt0149769
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02705
IRS990/OtherAssetsTotalGrp/EOYAmt02705
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CLASSROOM
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL DEVELOPEMENT
IRS990/OtherExpensesGrp/Desc2NUTRITION
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06211
IRS990/OtherExpensesGrp/ProgramServicesAmt013341
IRS990/OtherExpensesGrp/ProgramServicesAmt1566
IRS990/OtherExpensesGrp/ProgramServicesAmt2-8982
IRS990/OtherExpensesGrp/ProgramServicesAmt323364
IRS990/OtherExpensesGrp/TotalAmt013341
IRS990/OtherExpensesGrp/TotalAmt1566
IRS990/OtherExpensesGrp/TotalAmt2-8982
IRS990/OtherExpensesGrp/TotalAmt329575
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0157564
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0592738
IRS990/OtherSalariesAndWagesGrp/TotalAmt0750302
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0TIM NEWTON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01002929
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt044
IRS990/PYOtherExpensesAmt0262481
IRS990/PYRevenuesLessExpensesAmt086579
IRS990/PYSalariesCompEmpBnftPaidAmt0653913
IRS990/PYTotalExpensesAmt0916394
IRS990/PYTotalRevenueAmt01002973
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0601274
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt042375
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0100941
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0843564
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0165140
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01008704
IRS990ScheduleD/EquipmentGrp/BookValueAmt02481
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011876
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt014357
IRS990ScheduleD/ExpensesSubtotalAmt01059983
IRS990ScheduleD/LandGrp/BookValueAmt0100273
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0100273
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt049836
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt049836
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02705
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01661257
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0996154
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02705
IRS990ScheduleD/TotalExpensesPerForm990Amt01059983
IRS990ScheduleD/TotalRevenuePerForm990Amt01661257
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01661257
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01059983
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/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
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01284538
IRS990/TotalAssetsEOYAmt01751016
IRS990/TotalAssetsGrp/BOYAmt01284538
IRS990/TotalAssetsGrp/EOYAmt01751016
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01642322
IRS990/TotalEmployeeCnt029
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013622
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0256884
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0789477
IRS990/TotalFunctionalExpensesGrp/TotalAmt01059983
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0669997
IRS990/TotalLiabilitiesEOYAmt0535201
IRS990/TotalLiabilitiesGrp/BOYAmt0669997
IRS990/TotalLiabilitiesGrp/EOYAmt0535201
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0614541
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01215815
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0789477
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt018935
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01661257
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01284538
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01751016
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/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM NEWTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09189869599
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-15
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
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd074145
ReturnHeader/PreparerPersonGrp/PhoneNum09186656420
ReturnHeader/PreparerPersonGrp/PreparationDt02024-03-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Steve Ornelas
ReturnHeader/ReturnTs02024-03-27T10:45:51-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TIM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NEWTON
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,751,016
Liabilities
$535,201
Net assets
$1,215,815
Revenue
$1,661,257
Expenses
$1,059,983
Net income
$601,274
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