Civic Intelligence

Springmont School Inc.

990 • Fiscal year 2022 • EIN 58-0940357

Aug 01, 2021 to Jul 31, 2022 • Filed on Jun 13, 2023

Organization ProfileWWW.SPRINGMONT.COM

View Organization Page

5750 Long Island Drive NWAtlanta, GA 30327

(404) 252-3910

Siviq Scores

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

Liabilities / Assets

79th percentile

0.49x

Higher debt load relative to assets than 79% of similar nonprofits.

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

Liabilities / Revenue

79th percentile

0.70x

Higher debt load relative to revenue than 79% of similar nonprofits.

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

Net Margin

73rd percentile

23%

Higher net margin than 73% of similar nonprofits.

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

Top Officer Pay

86th percentile

$271,783

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

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

Asset Growth

64th percentile

6.9%

Faster asset growth than 64% of similar nonprofits.

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

Revenue Growth

87th percentile

64%

Faster revenue growth than 87% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$9,581,172

Up $616,134 (+6.9%) from 2021

Net Assets

Up

$4,932,060

Up $1,427,827 (+41%) from 2021

Liabilities

Down

$4,649,112

Down $811,693 (-15%) from 2021

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin73rd percentile

Revenue

Up

$6,656,139

Up $2,587,627 (+64%) from 2021

Expenses

Up

$5,157,876

Up $412,149 (+8.7%) from 2021

Net Income

Up

$1,498,263

Up $2,175,478 (+321%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

$15M$10M$5.0M$0Assets 2011: $9,851,466Liabilities 2011: $6,496,082Net Assets 2011: $3,355,3842011Assets 2012: $10,725,525Liabilities 2012: $7,396,544Net Assets 2012: $3,328,9812012Assets 2013: $10,765,446Liabilities 2013: $7,212,473Net Assets 2013: $3,552,9732013Assets 2014: $10,726,184Liabilities 2014: $7,174,220Net Assets 2014: $3,551,9642014Assets 2015: $11,028,964Liabilities 2015: $7,480,565Net Assets 2015: $3,548,3992015Assets 2016: $10,622,968Liabilities 2016: $7,118,062Net Assets 2016: $3,504,9062016Assets 2017: $10,429,875Liabilities 2017: $6,800,752Net Assets 2017: $3,629,1232017Assets 2018: $10,587,864Liabilities 2018: $6,777,766Net Assets 2018: $3,810,0982018Assets 2019: $10,694,333Liabilities 2019: $6,698,606Net Assets 2019: $3,995,7272019Assets 2020: $10,107,675Liabilities 2020: $5,968,847Net Assets 2020: $4,138,8282020Assets 2021: $8,965,038Liabilities 2021: $5,460,805Net Assets 2021: $3,504,2332021Assets 2022: $9,581,172Liabilities 2022: $4,649,112Net Assets 2022: $4,932,0602022Assets 2023: $10,127,681Liabilities 2023: $4,835,384Net Assets 2023: $5,292,2972023Assets 2024: $10,203,028Liabilities 2024: $4,673,132Net Assets 2024: $5,529,8962024Assets 2025: $10,343,810Liabilities 2025: $4,286,058Net Assets 2025: $6,057,7522025

Highlighted filing

2022

Assets$9,581,172
Liabilities$4,649,112
Net Assets$4,932,060
Open 2022 Filing

Operations Trend

Revenue Growth87th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $3,194,3652011Revenue 2012: $3,416,128Expenses 2012: $3,442,531Net Income 2012: -$26,4032012Revenue 2013: $3,939,713Expenses 2013: $3,715,721Net Income 2013: $223,9922013Revenue 2014: $4,121,833Expenses 2014: $4,122,842Net Income 2014: -$1,0092014Revenue 2015: $4,296,003Expenses 2015: $4,299,569Net Income 2015: -$3,5662015Revenue 2016: $4,237,085Expenses 2016: $4,280,578Net Income 2016: -$43,4932016Revenue 2017: $4,441,107Expenses 2017: $4,316,890Net Income 2017: $124,2172017Revenue 2018: $4,544,332Expenses 2018: $4,363,357Net Income 2018: $180,9752018Revenue 2019: $4,780,711Expenses 2019: $4,595,082Net Income 2019: $185,6292019Revenue 2020: $4,992,128Expenses 2020: $4,852,435Net Income 2020: $139,6932020Revenue 2021: $4,068,512Expenses 2021: $4,745,727Net Income 2021: -$677,2152021Revenue 2022: $6,656,139Expenses 2022: $5,157,876Net Income 2022: $1,498,2632022Revenue 2023: $6,577,199Expenses 2023: $6,216,962Net Income 2023: $360,2372023Revenue 2024: $6,971,111Expenses 2024: $6,733,512Net Income 2024: $237,5992024Revenue 2025: $7,163,432Expenses 2025: $6,635,576Net Income 2025: $527,8562025

Highlighted filing

2022

Revenue$6,656,139
Expenses$5,157,876
Net Income$1,498,263
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2021 to Jul 31, 2022
Signed
Jun 13, 2023
Return Version
2021v4.2
Gross Receipts
$6,656,139
Mission and Program Overview

Mission

Springmont provides a learning environment where diversity of thought and global perspective empower students to be inquisitive, knowledgeable, independent, compassionate and effective.

Springmont is a montessori school serving children from 18 months old through middle school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,819,512$4,762,952▼ $56,560
Cash and Non-Interest-Bearing Accounts$3,780,677$4,730,195▲ $949,518
Prepaid Expenses and Deferred Charges$156,444$86,456▼ $69,988
Accounts Receivable$208,405$1,569▼ $206,836
Total Assets$8,965,038$9,581,172▲ $616,134
Liabilities
Deferred Revenue$3,135,559$2,514,803▼ $620,756
Tax Exempt Bond Liabilities$2,189,797$1,951,534▼ $238,263
Accounts Payable and Accrued Expenses$124,583$182,775▲ $58,192
Other Liabilities$10,866$0▼ $10,866
Total Liabilities$5,460,805$4,649,112▼ $811,693
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,439,086$4,866,268▲ $1,427,182
Net Assets With Donor Restrictions$65,147$65,792▲ $645
Total Net Assets Fund Balance$3,504,233$4,932,060▲ $1,427,827
Total Liabilities and Net Assets / Fund Balance$8,965,038$9,581,172▲ $616,134

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,054,191$3,440,744$7,494,935
Equipment$170,782$1,125,842$1,296,624
Land$537,979-$537,979
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jonathan K AldenImmediate Past Head of SchoolFT$270,190$1,593$271,783
Megan HakeremInterim Head of SchoolFT$85,698$37,189$122,887

Board Members and Trustees

NameTitle
Joe ColonnaChair
Mysha WhorleyVice-chair
Brian LivesayTrustee
Leandro SantosTrustee
Rudy RojasTrustee
Sarah Gard LazarusTrustee
Wendy SandviTrustee
Will JohnsonTrustee
Sheryl ClarkSecretary
Jp GodoiTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Technical Trade Group Of GeorgiaOutsource Maintenance And Facility Repai515 CARTER ROAD, Griffin, GA 30334$142,539
Revenue and Support

Revenue Composition

Contributions and Grants
$752,229
Program Service Revenue
$5,891,042
Investment Income
$4,189
Other Revenue
$8,679
All Other Contributions
$121,773
Change in Net Assets
$1,498,263
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,528,364
Other Expenses$1,290,582
Grants and Similar Amounts Paid$338,930
Total Fundraising Expense$39,069
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,379,308$535,660$2,183$2,917,151
Grants to Domestic Individuals$338,930--$338,930
Other Employee Benefits$211,339$50,868$2,750$264,957
Depreciation Depletion$213,674$23,742-$237,416
Payroll Taxes$145,466$35,013$1,893$182,372
Office Expenses$20,854$142,698$344$163,896
Current Officers, Directors, Trustees, and Key Employees$41,042$46,905$29,316$117,263
Advertising-$87,155$2,099$89,254
Insurance-$72,270-$72,270
Interest$55,237$6,137-$61,374
Information Technology-$49,045-$49,045
Pension Plan Contributions$37,186$8,951$484$46,621
Fees for Services Other-$42,902-$42,902
Other Expenses$37,224$330-$37,224
All Other Expenses-$22,248-$22,248
Fees for Services Accounting-$11,200-$11,200
Fees for Services Legal-$7,628-$7,628
Travel$199--$199
Total Functional Expenses$3,949,043$1,169,764$39,069$5,157,876
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADevelopment Authority of Fulton Co Revenue Bonds2007-06-21$4,000,000SCHOOL EXPANSION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A--$2,048,466-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“There were 10 voting members of the board of trustees during the fiscal year ended july 31, 2022. Each trustee shall serve a three year term. A trustee may be re-elected for one successive term and thereafter may not be re-elected until after an absence from the board of trustees of not less than one year. All trustees are nominated by the committee on trustees. The slate shall be presented to the board of trustees for approval and presented to the annual meeting of the members for election by a simple majority of those voting members present in person and by proxy.”

Form 990, Part VI, Section A, Line 7A

“The board of trustees nominates new trustees and the members vote to approve those nominations.”

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

“The form 990 is reviewed by the treasurer and the final version is provided to all voting members of the board prior to filing the return with the irs.”

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

“Each board member is required to acknowledge by signature the conflict of interest policy at the beginning of each term. Staff members are required to annually acknowledge receipt and understanding of the employment handbook which includeds the conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“A subcommittee of the board determines compensation for the head of school through evaluation of goals completed and comparisons of compensation for other heads of school for similar sized schools. Annual reviews performed for other officers or key employees including evaluation of goals set for the year.”

Form 990, Part VI, Section C, Line 19

“Governing documents are available for review upon request.”

Filing and Contact Details

Filer

Filer Name
Springmont School Inc
EIN
58-0940357
Phone
4042523910
Address
5750 LONG ISLAND DRIVE NW, ATLANTA, GA 30327

Signing Officer

Name
Megan Hakerem
Title
Interim Head of School
Phone
4042523910
Signed
2023-06-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Megan Hakerem
Formed
1964
Legal Domicile
Ga
Voting Board Members
10
Independent Board Members
10
Employees
67
Volunteers
117

Preparer

Firm
Carr Riggs & Ingram LLC
Address
4004 SUMMIT BLVD NE SUITE 800, ATLANTA, GA 30319
Preparer
Tiffany T Orr CPA
Phone
7703948000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Gain on fair value of interest rate swap 10,866.”

Financial Statement Notes

PART X, LINE 2:

“Under section 501(c)(3) of the internal revenue code, the school is exempt from taxes on income other than unrelated business income. Collectively, the school does not have any unrelated business income. The school utilizes the accounting requirements associated with uncertainty in income taxes using the provisions of fasb asc 740, income taxes. Using that guidance, tax positions initially need to be recognized in the consolidated financial statements when it is more-likely-than-not the positions will be sustained upon examination by the tax authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of july 31, 2022, the school has no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements.”

Raw XML AppendixShowing 400 of 558 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/Desc0PROVIDE AN EDUCATIONAL ENVIRONMENT FOR CHILDREN UNDER AGE 14 TO ACHIEVE ACADEMIC AND CREATIVE POTENTIAL AS WELL AS BUILD SOCIAL, EMOTIONAL, INTELLECTUAL AND PHYSICAL ABILITIES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10INTERIM HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt11IMMEDIATE PAST HEAD OF SCHOOL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01964
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt0630456
IRS990/GrantAmt0338930
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0338930
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0338930
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd01
IRS990/GrossReceiptsAmt06656139
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt049045
IRS990/InformationTechnologyGrp/TotalAmt049045
IRS990/InsuranceGrp/ManagementAndGeneralAmt072270
IRS990/InsuranceGrp/TotalAmt072270
IRS990/InterestGrp/ManagementAndGeneralAmt06137
IRS990/InterestGrp/ProgramServicesAmt055237
IRS990/InterestGrp/TotalAmt061374
IRS990/InvestmentIncomeGrp/ExclusionAmt04189
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04189
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04566586
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04819512
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04762952
IRS990/LandBldgEquipCostOrOtherBssAmt09329538
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SPRINGMONT PROVIDES A LEARNING ENVIRONMENT WHERE DIVERSITY OF THOUGHT AND GLOBAL PERSPECTIVE EMPOWER STUDENTS TO BE INQUISITIVE, KNOWLEDGEABLE, INDEPENDENT, COMPASSIONATE AND EFFECTIVE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03504233
IRS990/NetAssetsOrFundBalancesEOYAmt04932060
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03439086
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04866268
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0344
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0142698
IRS990/OfficeExpensesGrp/ProgramServicesAmt020854
IRS990/OfficeExpensesGrp/TotalAmt0163896
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt010866
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02750
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt050868
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0211339
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0264957
IRS990/OtherExpensesGrp/Desc0FACILITIES EXPENSE
IRS990/OtherExpensesGrp/Desc1CLASSROOM EXPENSE
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/Desc3BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt027012
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1330
IRS990/OtherExpensesGrp/ProgramServicesAmt0243109
IRS990/OtherExpensesGrp/ProgramServicesAmt1188148
IRS990/OtherExpensesGrp/ProgramServicesAmt237327
IRS990/OtherExpensesGrp/ProgramServicesAmt337224
IRS990/OtherExpensesGrp/TotalAmt0270121
IRS990/OtherExpensesGrp/TotalAmt1188148
IRS990/OtherExpensesGrp/TotalAmt237657
IRS990/OtherExpensesGrp/TotalAmt337224
IRS990/OtherLiabilitiesGrp/BOYAmt010866
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08679
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08679
IRS990/OtherRevenueTotalAmt08679
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02183
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0535660
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02379308
IRS990/OtherSalariesAndWagesGrp/TotalAmt02917151
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01893
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt035013
IRS990/PayrollTaxesGrp/ProgramServicesAmt0145466
IRS990/PayrollTaxesGrp/TotalAmt0182372
IRS990/PensionPlanContributionsGrp/FundraisingAmt0484
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08951
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt037186
IRS990/PensionPlanContributionsGrp/TotalAmt046621
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0156444
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt086456
IRS990/PrincipalOfficerNm0MEGAN HAKEREM
IRS990/PriorPeriodAdjustmentsAmt0-81302
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION & REGISTRATION
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2CAMP REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05664530
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1133447
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt293065
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05664530
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1133447
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt293065
IRS990/ProgSrvcAccomActy2Grp/Desc0SPRINGMONT OFFERED A PRIMARY AND TODDLER SUMMER CAMP. FAMILIES WERE ABLE TO CHOOSE BETWEEN A HALF DAY AND FULL DAY PROGRAM. EACH WEEK HAS A DIFFERENT THEME AND INCLUDES THEME SPECIFIC ACTIVITIES, ARTS AND CRAFTS, WATER PLAY, AND A SPECIAL GUEST.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt022069
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt093065
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0212260
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0343090
IRS990/PYInvestmentIncomeAmt018545
IRS990/PYOtherExpensesAmt01152157
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03837707
IRS990/PYRevenuesLessExpensesAmt0-677215
IRS990/PYSalariesCompEmpBnftPaidAmt03250480
IRS990/PYTotalExpensesAmt04745727
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04068512
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01498263
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05806656
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt04054191
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03440744
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07494935
IRS990ScheduleD/EquipmentGrp/BookValueAmt0170782
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01125842
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01296624
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0537979
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0537979
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE SCHOOL IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. COLLECTIVELY, THE SCHOOL DOES NOT HAVE ANY UNRELATED BUSINESS INCOME. THE SCHOOL UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JULY 31, 2022, THE SCHOOL HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04762952
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS PUBLICIZED ITS RACIALLY NON-DISCRIMINATORY POLICY THROUGH ITS PROMOTIONAL MATERIAL AND DURING THE REGISTRATION PROCESS. IT IS PUBLISHED ON MULTIPLE PAGES OF THE WEBSITE AND ADMISSION DOCUMENTS AS WELL AS ON BROADCAST MEDIA.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0338930
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL AID
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt065
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0270190
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00

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Filings

Displayed year

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

Open filing
Assets
$9,581,172
Liabilities
$4,649,112
Net assets
$4,932,060
Revenue
$6,656,139
Expenses
$5,157,876
Net income
$1,498,263
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.3$4.29$6.06$7.16$6.64$0.53
2024Detailed filing. Detailed filing data is available for this year.$10.2$4.67$5.53$6.97$6.73$0.24
2023Detailed filing. Detailed filing data is available for this year.$10.1$4.84$5.29$6.58$6.22$0.36
2022Detailed filing. Detailed filing data is available for this year.$9.58$4.65$4.93$6.66$5.16$1.50
2021Detailed filing. Detailed filing data is available for this year.$8.97$5.46$3.50$4.07$4.75$0.68
2020Detailed filing. Detailed filing data is available for this year.$10.1$5.97$4.14$4.99$4.85$0.14
2019Detailed filing. Detailed filing data is available for this year.$10.7$6.70$4.00$4.78$4.60$0.19
2018Detailed filing. Detailed filing data is available for this year.$10.6$6.78$3.81$4.54$4.36$0.18
2017Detailed filing. Detailed filing data is available for this year.$10.4$6.80$3.63$4.44$4.32$0.12
2016Detailed filing. Detailed filing data is available for this year.$10.6$7.12$3.50$4.24$4.28$0.04
2015Detailed filing. Detailed filing data is available for this year.$11.0$7.48$3.55$4.30$4.30$0.00
2014Detailed filing. Detailed filing data is available for this year.$10.7$7.17$3.55$4.12$4.12$0.00
2013Summary only. Only limited summary data is available for this year.$10.8$7.21$3.55$3.94$3.72$0.22
2012Summary only. Only limited summary data is available for this year.$10.7$7.40$3.33$3.42$3.44$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.85$6.50$3.36$3.19