Civic Intelligence

Broadwater Academy

990 • Fiscal year 2022 • EIN 54-0799130

Jul 01, 2021 to Jun 30, 2022 • Filed on May 14, 2023

Organization ProfileWWW.BROADWATERACADEMY.ORG

View Organization Page

PO Box 546Exmore, VA 22350

(757) 442-9041

Siviq Scores

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

Liabilities / Assets

90th percentile

0.82x

Higher debt load relative to assets than 90% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

84th percentile

1.03x

Higher debt load relative to revenue than 84% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

56th percentile

10%

Higher net margin than 56% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

71st percentile

$178,640

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

48th percentile

0.0%

Faster asset growth than 48% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

67th percentile

17%

Faster revenue growth than 67% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$5,203,721

Up $2,142 (+0.0%) from 2021

Net Assets

Up

$922,331

Up $406,205 (+79%) from 2021

Liabilities

Down

$4,281,390

Down $404,063 (-8.6%) from 2021

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin56th percentile

Revenue

Up

$4,139,571

Up $593,705 (+17%) from 2021

Expenses

Up

$3,722,174

Up $180,617 (+5.1%) from 2021

Net Income

Up

$417,397

Up $413,088 (+9587%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $5,067,958Liabilities 2011: $587,346Net Assets 2011: $4,480,6122011Assets 2012: $3,950,952Liabilities 2012: $1,137,652Net Assets 2012: $2,813,3002012Assets 2013: $3,903,030Liabilities 2013: $1,118,899Net Assets 2013: $2,784,1312013Assets 2014: $3,923,545Liabilities 2014: $1,337,404Net Assets 2014: $2,586,1412014Assets 2015: $3,669,333Liabilities 2015: $1,634,848Net Assets 2015: $2,034,4852015Assets 2016: $4,317,406Liabilities 2016: $2,647,010Net Assets 2016: $1,670,3962016Assets 2017: $4,874,471Liabilities 2017: $3,924,494Net Assets 2017: $949,9772017Assets 2018: $5,490,774Liabilities 2018: $4,454,125Net Assets 2018: $1,036,6492018Assets 2019: $5,065,272Liabilities 2019: $4,169,682Net Assets 2019: $895,5902019Assets 2020: $5,211,524Liabilities 2020: $4,741,484Net Assets 2020: $470,0402020Assets 2021: $5,201,579Liabilities 2021: $4,685,453Net Assets 2021: $516,1262021Assets 2022: $5,203,721Liabilities 2022: $4,281,390Net Assets 2022: $922,3312022Assets 2023: $4,710,472Liabilities 2023: $4,045,650Net Assets 2023: $664,8222023Assets 2024: $5,094,803Liabilities 2024: $4,434,443Net Assets 2024: $660,3602024Assets 2025: $4,270,205Liabilities 2025: $3,619,735Net Assets 2025: $650,4702025

Highlighted filing

2022

Assets$5,203,721
Liabilities$4,281,390
Net Assets$922,331
Open 2022 Filing

Operations Trend

Revenue Growth67th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $3,361,1942011Expenses 2012: $3,756,9612012Revenue 2013: $3,650,326Expenses 2013: $3,790,237Net Income 2013: -$139,9112013Revenue 2014: $3,640,409Expenses 2014: $3,918,524Net Income 2014: -$278,1152014Revenue 2015: $3,580,170Expenses 2015: $4,038,545Net Income 2015: -$458,3752015Revenue 2016: $3,553,524Expenses 2016: $3,917,613Net Income 2016: -$364,0892016Revenue 2017: $3,062,705Expenses 2017: $3,583,073Net Income 2017: -$520,3682017Revenue 2018: $3,165,673Expenses 2018: $3,407,180Net Income 2018: -$241,5072018Revenue 2019: $3,328,446Expenses 2019: $3,500,693Net Income 2019: -$172,2472019Revenue 2020: $2,894,053Expenses 2020: $3,154,892Net Income 2020: -$260,8392020Revenue 2021: $3,545,866Expenses 2021: $3,541,557Net Income 2021: $4,3092021Revenue 2022: $4,139,571Expenses 2022: $3,722,174Net Income 2022: $417,3972022Revenue 2023: $4,001,369Expenses 2023: $4,263,065Net Income 2023: -$261,6962023Revenue 2024: $4,438,307Expenses 2024: $4,447,475Net Income 2024: -$9,1682024Revenue 2025: $4,157,415Expenses 2025: $4,177,202Net Income 2025: -$19,7872025

Highlighted filing

2022

Revenue$4,139,571
Expenses$3,722,174
Net Income$417,397
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 14, 2023
Return Version
2021v4.2
Gross Receipts
$4,139,571
Mission and Program Overview

Mission

Broadwater academy is an independent, non-profit institution that exists to provide an academic-based educational program and to provide non-academic programs which enhance and facilitate the development of students who are prepared to succeed in a college program and to contribute to a changing society upon graduation. The academy admits students of any race, color, national and ethnic origin who are all entitled to all the rights, priviledges, programs and activites generally accorded or made available to students at the school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,225,961$2,126,914▼ $99,047
Accounts Receivable$1,892,385$1,928,956▲ $36,571
Cash and Non-Interest-Bearing Accounts$878,571$986,081▲ $107,510
Savings and Temporary Cash Investments$72,233$78,558▲ $6,325
Prepaid Expenses and Deferred Charges$10,693$31,469▲ $20,776
Pledges and Grants Receivable$22,736$4,756▼ $17,980
Total Assets$5,201,579$5,203,721▲ $2,142
Other Assets Total$99,000$46,987▼ $52,013
Liabilities
Deferred Revenue$2,810,183$3,065,168▲ $254,985
Other Liabilities$587,090$558,220▼ $28,870
Mortgage Notes Payable Secured by Investment Property$973,965$456,152▼ $517,813
Accounts Payable and Accrued Expenses$314,215$201,850▼ $112,365
Total Liabilities$4,685,453$4,281,390▼ $404,063
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$100,748$570,571▲ $469,823
Net Assets With Donor Restrictions$415,378$351,760▼ $63,618
Total Net Assets Fund Balance$516,126$922,331▲ $406,205
Total Liabilities and Net Assets / Fund Balance$5,201,579$5,203,721▲ $2,142

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,552,170$3,904,015$5,456,185
Equipment$396,119$996,316$1,392,435
Land$153,098-$153,098
Other Land Buildings$25,527$64,207$89,734
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Francis RyanHead of SchoolFT$156,313$22,327$178,640
Barbara ParkerAssistant Head of SchoolFT$79,750$2,216$81,966
Steven M BeloteCFOFT$74,992$628$75,620

Board Members and Trustees

NameTitle
Pamela Von Eiff-turnerChair
Daniel a BrownVice Chair
Ann Arsenieu GallivanDirector
Anne Harvard HooperDirector
Annette BrickhouseDirector
Blake JohnsonDirector
Brent AndersonDirector
Chris WillisDirector
Holly BundickDirector
Jim ShaefferDirector
Kenneth R BlairDirector
Kristy HickmanDirector
Pete DuerDirector
Richard D VestalDirector
Spencer ShelleyDirector
Martha S SutherlandSecretary
Jon WehnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$931,284
Program Service Revenue
$3,208,263
Investment Income
$24
Other Revenue
$0
All Other Contributions
$382,108
Change in Net Assets
$417,397

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,139,118
Revenue Not Reported on Financial Statements
$453
Revenue Not Reported on Form 990
$-11,192
Total Revenue per Audited Statements
$4,127,926
Total Revenue per Form 990
$4,139,571
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,695,703
Other Expenses$1,026,471
Total Fundraising Expense$122,167
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,668,906$306,941$60,000$2,035,847
Current Officers, Directors, Trustees, and Key Employees$273,840$79,224-$353,064
Occupancy$199,767$22,231$2,134$224,132
Depreciation Depletion$193,418$9,745$2,225$205,388
Payroll Taxes$153,037$21,862$3,123$178,022
Other Employee Benefits$110,697$15,814$2,259$128,770
Fees for Services Other-$67,963-$67,963
Fees for Services Accounting-$55,494-$55,494
Information Technology$49,473--$49,473
Insurance-$47,045-$47,045
Office Expenses$14,998$3,520$10,539$29,057
Interest-$27,104-$27,104
Advertising-$13,073$7,985$21,058
Other Expenses$68,983$5,532$33,902$5,532
Fees for Service Investment Mgmnt Fees-$453-$453
Fees for Services Legal-$175-$175
Total Functional Expenses$2,911,333$688,674$122,167$3,722,174

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,722,174
Expenses per Audited Statements$3,721,721
Total Expenses per Audited Statements$3,721,721
Expenses Not Reported on Financial Statements$453
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Broadwater Academy Foundation$558,220
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Finance commitee members have the opportunity to review the tax return before filing”

Form 990, Part VI, Section B, Line 12C

“Each director or principal officer shall annually sign a statement which affirms such person 1) has received a copy of the conflicts of interest policy 2) has read and understands the policy 3) has agreed to comply with the policy 4) understands the organization is charitable and in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more if its tax-exempt purposes. The policy includes procedures that involve 1) a duty to disclose 2) determining whether a conflict of interest exists and 4) additional steps if violations of the conflicts of interest policy exist”

Form 990, Part VI, Section B, Line 15A

“It is the duty of the finance committee and board of directors to approve compensation for headmaster, ceo, and employees of the school”

Form 990, Part VI, Section C, Line 18

“Governing documents disclosure explain governing documents are available to the public upon request”

Form 990, Part VI, Section C, Line 19

“Governing documents disclosure explain governing documents are available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Broadwater Academy
EIN
54-0799130
Phone
7574429041
Address
PO BOX 546, EXMORE, VA 22350

Signing Officer

Name
Steven M Belote
Title
Chief Financial Officer
Phone
7574429041
Signed
2023-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven M Belote
Formed
1965
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
17
Employees
87
Volunteers
65

Preparer

Firm
Forvis Llp
Address
440 MONTICELLO AVE SUITE 1400, NORFOLK, VA 23510
Preparer
Lakrisha J Castleberry
Phone
7576245100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in split interest agreement -17,972.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal and state income taxes under internal revenue code section 501(c)(3) and the commonwealth of virginia and therefore has made no provisions for federal or state income taxes.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Change in split interest agreement -17,972.”

Raw XML AppendixShowing 400 of 631 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm2MARTHA S SUTHERLAND
IRS990/Form990PartVIISectionAGrp/PersonNm3JON WEHNER
IRS990/Form990PartVIISectionAGrp/PersonNm4BRENT ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm5KENNETH R BLAIR
IRS990/Form990PartVIISectionAGrp/PersonNm6ANNETTE BRICKHOUSE
IRS990/Form990PartVIISectionAGrp/PersonNm7HOLLY BUNDICK
IRS990/Form990PartVIISectionAGrp/PersonNm8PETE DUER
IRS990/Form990PartVIISectionAGrp/PersonNm9ANN ARSENIEU GALLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm10KRISTY HICKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm11BLAKE JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm12RICHARD D VESTAL
IRS990/Form990PartVIISectionAGrp/PersonNm13CHRIS WILLIS
IRS990/Form990PartVIISectionAGrp/PersonNm14SPENCER SHELLEY
IRS990/Form990PartVIISectionAGrp/PersonNm15ANNE HARVARD HOOPER
IRS990/Form990PartVIISectionAGrp/PersonNm16JIM SHAEFFER
IRS990/Form990PartVIISectionAGrp/PersonNm17FRANCIS RYAN
IRS990/Form990PartVIISectionAGrp/PersonNm18BARBARA PARKER
IRS990/Form990PartVIISectionAGrp/PersonNm19STEVEN M BELOTE
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/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17156313
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1879750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1974992
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/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASSISTANT HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt19CFO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01965
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GovernmentGrantsAmt0495138
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04139571
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt049473
IRS990/InformationTechnologyGrp/TotalAmt049473
IRS990/InsuranceGrp/ManagementAndGeneralAmt047045
IRS990/InsuranceGrp/TotalAmt047045
IRS990/InterestGrp/ManagementAndGeneralAmt027104
IRS990/InterestGrp/TotalAmt027104
IRS990/InvestmentIncomeGrp/ExclusionAmt024
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt024
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04964538
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02225961
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02126914
IRS990/LandBldgEquipCostOrOtherBssAmt07091452
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0BROADWATER ACADEMY IS AN INDEPENDENT, NON-PROFIT INSTITUTION THAT EXISTS TO PROVIDE AN ACADEMIC-BASED EDUCATIONAL PROGRAM AND TO PROVIDE NON-ACADEMIC PROGRAMS WHICH ENHANCE AND FACILITATE THE DEVELOPMENT OF STUDENTS WHO ARE PREPARED TO SUCCEED IN A COLLEGE PROGRAM AND TO CONTRIBUTE TO A CHANGING SOCIETY UPON GRADUATION. THE ACADEMY ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN WHO ARE ALL ENTITLED TO ALL THE RIGHTS, PRIVILEDGES, PROGRAMS AND ACTIVITES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0973965
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0456152
IRS990/NetAssetsOrFundBalancesBOYAmt0516126
IRS990/NetAssetsOrFundBalancesEOYAmt0922331
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt06780
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0100748
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0570571
IRS990/NoncashContributionsAmt08700
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02134
IRS990/OccupancyGrp/ManagementAndGeneralAmt022231
IRS990/OccupancyGrp/ProgramServicesAmt0199767
IRS990/OccupancyGrp/TotalAmt0224132
IRS990/OfficeExpensesGrp/FundraisingAmt010539
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03520
IRS990/OfficeExpensesGrp/ProgramServicesAmt014998
IRS990/OfficeExpensesGrp/TotalAmt029057
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt099000
IRS990/OtherAssetsTotalGrp/EOYAmt046987
IRS990/OtherChangesInNetAssetsAmt0-17972
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02259
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015814
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0110697
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0128770
IRS990/OtherExpensesGrp/Desc0OTHER PROGRAM COSTS
IRS990/OtherExpensesGrp/Desc1DEVELOPMENT COSTS
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/Desc3LICENSES AND TAXES
IRS990/OtherExpensesGrp/FundraisingAmt033902
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012498
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15532
IRS990/OtherExpensesGrp/ProgramServicesAmt0178214
IRS990/OtherExpensesGrp/ProgramServicesAmt168983
IRS990/OtherExpensesGrp/TotalAmt0212116
IRS990/OtherExpensesGrp/TotalAmt168983
IRS990/OtherExpensesGrp/TotalAmt212498
IRS990/OtherExpensesGrp/TotalAmt35532
IRS990/OtherLiabilitiesGrp/BOYAmt0587090
IRS990/OtherLiabilitiesGrp/EOYAmt0558220
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt060000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0306941
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01668906
IRS990/OtherSalariesAndWagesGrp/TotalAmt02035847
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03123
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt021862
IRS990/PayrollTaxesGrp/ProgramServicesAmt0153037
IRS990/PayrollTaxesGrp/TotalAmt0178022
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt022736
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt04756
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010693
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt031469
IRS990/PrincipalOfficerNm0STEVEN M BELOTE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0NET TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02924168
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1284095
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02924168
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1284095
IRS990/ProgSrvcAccomActy2Grp/Desc0TUITION GRANTS AND FINANCIAL AID CREDITS ARE USED TO ASSIST STUDENTS IN ATTENDING THE ACADEMY WHEN THEY WOULD OTHERWISE NOT BE FINANCIALLY ABLE TO DO SO, APPROXIMATELY 156 DIRECTLY EACH YEAR.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0232907
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0747376
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-668
IRS990/PYOtherExpensesAmt0930286
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02799158
IRS990/PYRevenuesLessExpensesAmt04309
IRS990/PYSalariesCompEmpBnftPaidAmt02611271
IRS990/PYTotalExpensesAmt03541557
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03545866
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0417397
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RelatedOrganizationsAmt054038
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03208263

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,203,721
Liabilities
$4,281,390
Net assets
$922,331
Revenue
$4,139,571
Expenses
$3,722,174
Net income
$417,397
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.27$3.62$0.65$4.16$4.18$0.02
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.09$4.43$0.66$4.44$4.45$0.01
2023Detailed filing. Detailed filing data is available for this year.$4.71$4.05$0.66$4.00$4.26$0.26
2022Detailed filing. Detailed filing data is available for this year.$5.20$4.28$0.92$4.14$3.72$0.42
2021Detailed filing. Detailed filing data is available for this year.$5.20$4.69$0.52$3.55$3.54$0.00
2020Detailed filing. Detailed filing data is available for this year.$5.21$4.74$0.47$2.89$3.15$0.26
2019Detailed filing. Detailed filing data is available for this year.$5.07$4.17$0.90$3.33$3.50$0.17
2018Detailed filing. Detailed filing data is available for this year.$5.49$4.45$1.04$3.17$3.41$0.24
2017Detailed filing. Detailed filing data is available for this year.$4.87$3.92$0.95$3.06$3.58$0.52
2016Detailed filing. Detailed filing data is available for this year.$4.32$2.65$1.67$3.55$3.92$0.36
2015Detailed filing. Detailed filing data is available for this year.$3.67$1.63$2.03$3.58$4.04$0.46
2014Detailed filing. Detailed filing data is available for this year.$3.92$1.34$2.59$3.64$3.92$0.28
2013Summary only. Only limited summary data is available for this year.$3.90$1.12$2.78$3.65$3.79$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.95$1.14$2.81$3.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.07$0.59$4.48$3.36