Civic Intelligence

The Swift Learning Center Inc

990 • Fiscal year 2015 • EIN 58-2410129

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

300 Grimes Bridge RoadRoswell, GA 30075

(678) 205-4988

Siviq Scores

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

Liabilities / Assets

79th percentile

0.65x

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

81st percentile

1.12x

Higher debt load relative to revenue than 81% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

75th percentile

15%

Higher net margin than 75% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

73rd percentile

$255,990

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

90th percentile

30%

Faster asset growth than 90% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

72nd percentile

13%

Faster revenue growth than 72% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$12,414,367

Up $2,839,697 (+30%) from 2014

Net Assets

Up

$4,346,856

Up $1,109,038 (+34%) from 2014

Liabilities

Up

$8,067,511

Up $1,730,659 (+27%) from 2014

Revenue

Up

$7,185,016

Up $834,042 (+13%) from 2014

Expenses

Up

$6,075,978

Up $794,015 (+15%) from 2014

Net Income

Up

$1,109,038

Up $40,027 (+3.7%) from 2014

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $4,596,812Liabilities 2010: $3,727,145Net Assets 2010: $869,6672010Assets 2011: $5,328,329Liabilities 2011: $4,129,323Net Assets 2011: $1,199,0062011Assets 2012: $6,225,331Liabilities 2012: $4,367,989Net Assets 2012: $1,857,3422012Assets 2013: $8,241,809Liabilities 2013: $6,073,002Net Assets 2013: $2,168,8072013Assets 2014: $9,574,670Liabilities 2014: $6,336,852Net Assets 2014: $3,237,8182014Assets 2015: $12,414,367Liabilities 2015: $8,067,511Net Assets 2015: $4,346,8562015Assets 2016: $19,016,493Liabilities 2016: $9,700,310Net Assets 2016: $9,316,1832016Assets 2017: $19,095,263Liabilities 2017: $9,928,009Net Assets 2017: $9,167,2542017Assets 2018: $14,835,231Liabilities 2018: $9,299,327Net Assets 2018: $5,535,9042018Assets 2019: $14,103,807Liabilities 2019: $8,601,110Net Assets 2019: $5,502,6972019Assets 2020: $12,362,752Liabilities 2020: $8,122,541Net Assets 2020: $4,240,2112020Assets 2021: $11,115,095Liabilities 2021: $6,511,863Net Assets 2021: $4,603,2322021Assets 2022: $12,795,284Liabilities 2022: $6,572,548Net Assets 2022: $6,222,7362022Assets 2023: $13,060,895Liabilities 2023: $6,085,584Net Assets 2023: $6,975,3112023Assets 2024: $13,485,823Liabilities 2024: $5,482,876Net Assets 2024: $8,002,9472024Assets 2025: $12,928,856Liabilities 2025: $5,144,437Net Assets 2025: $7,784,4192025

Highlighted filing

2015

Assets$12,414,367
Liabilities$8,067,511
Net Assets$4,346,856

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,256,4802010Expenses 2011: $2,614,7662011Expenses 2012: $3,446,4272012Expenses 2013: $4,997,2352013Revenue 2014: $6,350,974Expenses 2014: $5,281,963Net Income 2014: $1,069,0112014Revenue 2015: $7,185,016Expenses 2015: $6,075,978Net Income 2015: $1,109,0382015Revenue 2016: $11,329,987Expenses 2016: $6,360,660Net Income 2016: $4,969,3272016Revenue 2017: $6,669,645Expenses 2017: $6,818,574Net Income 2017: -$148,9292017Revenue 2018: $7,365,305Expenses 2018: $6,837,228Net Income 2018: $528,0772018Revenue 2019: $5,758,964Expenses 2019: $5,792,171Net Income 2019: -$33,2072019Revenue 2020: $5,795,511Expenses 2020: $5,314,412Net Income 2020: $481,0992020Revenue 2021: $5,175,189Expenses 2021: $4,812,168Net Income 2021: $363,0212021Revenue 2022: $6,874,865Expenses 2022: $5,255,361Net Income 2022: $1,619,5042022Revenue 2023: $6,978,480Expenses 2023: $6,225,905Net Income 2023: $752,5752023Revenue 2024: $7,977,655Expenses 2024: $6,950,019Net Income 2024: $1,027,6362024Revenue 2025: $6,729,979Expenses 2025: $6,948,507Net Income 2025: -$218,5282025

Highlighted filing

2015

Revenue$7,185,016
Expenses$6,075,978
Net Income$1,109,038
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 13, 2016
Return Version
2014v6.0
Gross Receipts
$7,250,998
Mission and Program Overview

Mission

To prepare children with dyslexia & related language-based learning differences to be successful in life by teaching specific learning strategies and fully develop student talents.

To prepare children with dyslexia & related language-based learning differences to be successful in life by teaching specific learning strategies and by identifying and fully developing student talents in an exciting, challenging, and supportive environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,923,304$7,660,101▲ $2,736,797
Land, Buildings, and Equipment, Net$4,514,775$4,597,137▲ $82,362
Accounts Receivable$64,225$66,336▲ $2,111
Prepaid Expenses and Deferred Charges$46,127$46,882▲ $755
Investments Other Securities$26,239$43,911▲ $17,672
Total Assets$9,574,670$12,414,367▲ $2,839,697
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,495,666$4,059,176▲ $1,563,510
Deferred Revenue$2,917,710$3,076,675▲ $158,965
Other Liabilities$734,309$683,912▼ $50,397
Accounts Payable and Accrued Expenses$189,167$247,748▲ $58,581
Total Liabilities$6,336,852$8,067,511▲ $1,730,659
Net Assets / Fund Balance
Unrestricted Net Assets$3,222,818$4,328,546▲ $1,105,728
Temporarily Rstr Net Assets$15,000$18,310▲ $3,310
Total Net Assets Fund Balance$3,237,818$4,346,856▲ $1,109,038
Total Liabilities and Net Assets / Fund Balance$9,574,670$12,414,367▲ $2,839,697

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,494,593$606,904$3,101,497
Leasehold Improvements$1,143,662$469,463$1,613,125
Land$729,273-$729,273
Equipment$177,771$270,069$447,840
Other Land Buildings$51,838$58,618$110,456
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Richard WendlekExec.directorFT$255,990$255,990
Paul FoltzAssoc. Head of SchoolFT$113,337$113,337
Andrea SalapkaAssoc. Head of SchoolFT$110,466$110,466

Board Members and Trustees

NameTitle
Richard PhillipsChairman
Laura RiesVice Chairman
Paul CohenTrustee
Jeffery KudlataSecretary
Bob GrayTreasurer
Peter WilliamsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
A Tasty TouchLunch Service For Students1341 WINBORN CIR NW, Kennesaw, GA 30152$199,300
Revenue and Support

Revenue Composition

Contributions and Grants
$227,661
Program Service Revenue
$6,898,914
Investment Income
$18,626
Other Revenue
$39,815
All Other Contributions
$187,897
Change in Net Assets
$1,109,038

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,185,016
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$47,074
Total Revenue per Audited Statements
$7,232,090
Total Revenue per Form 990
$7,185,016
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,450,826
Other Expenses$1,625,152
Total Fundraising Expense$3,822
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,579,687$1,306,544-$3,886,231
Payroll Taxes$246,849$61,756-$308,605
Current Officers, Directors, Trustees, and Key Employees$169,927$86,063-$255,990
Depreciation Depletion$188,896$38,689-$227,585
All Other Expenses$125,444$74,042-$199,486
Interest$144,269$45,226-$189,495
Fees for Services Other$33,024$58,734-$91,758
Other Expenses$59,114$9,035$3,822$68,149
Insurance$65,120--$65,120
Advertising$30,430--$30,430
Fees for Services Legal$9,511$16,915-$26,426
Fees for Services Accounting$8,192$14,569-$22,761
Total Functional Expenses$4,282,415$1,789,741$3,822$6,075,978

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,123,052
Expenses per Audited Statements$6,075,978
Total Expenses per Form 990$6,075,978
Expenses Not Reported on Form 990$47,074
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$105,797
Fundraising Direct Expenses$65,982
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Gala$113,509$80,115$48,448$31,667
Bowling/events$8,751$8,751$8,965$-214
Total Events$139,191$105,797$65,982$39,815
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation$683,912
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 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, Part VI, Section B, Line 11

The annual audit and the accompanying financial statements are reviewed with the cpa firm by the school's treasurer, finance committee, head of school and business manager. The package is again reviewed before and by the entire board of trustees at a regularly scheduled fall meeting of the board. Approval by motion, second and vote to approve acceptance is performed. Upon acceptance the business manager initiates the process to engage the auditing firm to begin preparation of the 990. The completed form 990 is reviewed by the business manager, treasurer, and head of school prior to submittal to the irs.

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

Board members are routinely asked to notify the organization of any business relationships with the organization. These relationship are discussed with the auditors and disclosed in the financial statements if necessary.

Form 990, Part VI, Section B, Line 15

The board engages consulting firms to fill the executive director position. The executive director's salary is set based on recommendations of the consulting firm.

Form 990, Part VI, Section C, Line 19

The form 990, along with any other official documents, is made available to the public upon request to the business office or advancement office.

Filing and Contact Details

Filer

Filer Name
The Swift Learning Center Inc
EIN
58-2410129
Phone
6782054988
Address
300 GRIMES BRIDGE ROAD, ROSWELL, GA 30075
Doing Business As
The Swift School Inc

Signing Officer

Name
Paul Foltz
Title
Assoc Head of School
Phone
6782054988
Signed
2016-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Foltz
Formed
1998
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
6
Employees
109
Volunteers
200

Preparer

Firm
Windham Brannon Pc
Address
3630 PEACHTREE RD NE SUITE 600, ATLANTA, GA 30326
Preparer
Deborah L Priest CPA
Phone
4048982000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has not changed its oversight and selection process regarding its independent auditors.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising event expenses recorded on revenue statement 47,074. Fair market value of property donations 18,908. Property donations sold in special event -18,908.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising event expenses recorded on revenue statement 47,074.

FIN 48 STATEMENT:

The school operates as a 501(c)(3) not-for-profit entity and therefore there is no provision for income taxes. Management of the school considers the likehood of changes by taxing authorities in its filed income tax returns and recognizes a liability for or discloses potential significant changes that management believes are more likely than not to occur, including changes to the school's status as a not-for-profit entity as a 501(c)(3). Management believes that the school met the requirements to maintain its tax-exempt status and has no income subject to unrelated business income tax; therefore no provision for income taxes has been provided in these financial statements. The school's income tax returns for the past three years are subject to examination by tax authorities, and may change upon examination.

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IRS990/InsuranceGrp/TotalAmt065120
IRS990/InterestGrp/ManagementAndGeneralAmt045226
IRS990/InterestGrp/ProgramServicesAmt0144269
IRS990/InterestGrp/TotalAmt0189495
IRS990/InvestmentIncomeGrp/ExclusionAmt018626
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt018626
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt026239
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt043911
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01405054
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04514775
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04597137
IRS990/LandBldgEquipCostOrOtherBssAmt06002191
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt06370
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PREPARE CHILDREN WITH DYSLEXIA & RELATED LANGUAGE-BASED LEARNING DIFFERENCES TO BE SUCCESSFUL IN LIFE BY TEACHING SPECIFIC LEARNING STRATEGIES AND FULLY DEVELOPING STUDENT TALENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02495666
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04059176
IRS990/NetAssetsOrFundBalancesBOYAmt03237818
IRS990/NetAssetsOrFundBalancesEOYAmt04346856
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt039815
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt039815
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt019908
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SCHOOL SUPPLIES & ACTIV
IRS990/OtherExpensesGrp/Desc1MAINTENANCE
IRS990/OtherExpensesGrp/Desc2TELEPHONE & UTILITIES
IRS990/OtherExpensesGrp/Desc3EQUIPMENT EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt03822
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020199
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt133088
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt224881
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt39035
IRS990/OtherExpensesGrp/ProgramServicesAmt0514535
IRS990/OtherExpensesGrp/ProgramServicesAmt150758
IRS990/OtherExpensesGrp/ProgramServicesAmt256659
IRS990/OtherExpensesGrp/ProgramServicesAmt359114
IRS990/OtherExpensesGrp/TotalAmt0538556
IRS990/OtherExpensesGrp/TotalAmt183846
IRS990/OtherExpensesGrp/TotalAmt281540
IRS990/OtherExpensesGrp/TotalAmt368149
IRS990/OtherLiabilitiesGrp/BOYAmt0734309
IRS990/OtherLiabilitiesGrp/EOYAmt0683912
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01306544
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02579687
IRS990/OtherSalariesAndWagesGrp/TotalAmt03886231
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt061756
IRS990/PayrollTaxesGrp/ProgramServicesAmt0246849
IRS990/PayrollTaxesGrp/TotalAmt0308605
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt046127
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt046882
IRS990/PrincipalOfficerNm0PAUL FOLTZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION & FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06898914
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06898914
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0196105
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt014455
IRS990/PYOtherExpensesAmt01463620
IRS990/PYOtherRevenueAmt049300
IRS990/PYProgramServiceRevenueAmt06091114
IRS990/PYRevenuesLessExpensesAmt01069011
IRS990/PYSalariesCompEmpBnftPaidAmt03818343
IRS990/PYTotalExpensesAmt05281963
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06350974
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01109038
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06898914
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/BookValueAmt02494593
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0606904
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03101497
IRS990ScheduleD/EquipmentGrp/BookValueAmt0177771
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0270069
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0447840
IRS990ScheduleD/ExpensesNotReportedAmt047074
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06075978
IRS990ScheduleD/LandGrp/BookValueAmt0729273
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0729273
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01143662
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0469463
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01613125
IRS990ScheduleD/OtherExpensesIncludedAmt047074
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt051838
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt058618
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0110456
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0683912
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED COMPENSATION
IRS990ScheduleD/OtherRevenueAmt047074
IRS990ScheduleD/RevenueNotReportedAmt047074
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07185016
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EVENT EXPENSES RECORDED ON REVENUE STATEMENT 47,074. FAIR MARKET VALUE OF PROPERTY DONATIONS 18,908. PROPERTY DONATIONS SOLD IN SPECIAL EVENT -18,908.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EVENT EXPENSES RECORDED ON REVENUE STATEMENT 47,074.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL OPERATES AS A 501(C)(3) NOT-FOR-PROFIT ENTITY AND THEREFORE THERE IS NO PROVISION FOR INCOME TAXES. MANAGEMENT OF THE SCHOOL CONSIDERS THE LIKEHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR, INCLUDING CHANGES TO THE SCHOOL'S STATUS AS A NOT-FOR-PROFIT ENTITY AS A 501(C)(3). MANAGEMENT BELIEVES THAT THE SCHOOL MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS AND HAS NO INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX; THEREFORE NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THESE FINANCIAL STATEMENTS. THE SCHOOL'S INCOME TAX RETURNS FOR THE PAST THREE YEARS ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, AND MAY CHANGE UPON EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2FIN 48 STATEMENT:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04597137
IRS990ScheduleD/TotalExpensesPerForm990Amt06075978
IRS990ScheduleD/TotalLiabilityAmt0683912
IRS990ScheduleD/TotalRevenuePerForm990Amt07185016
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07232090
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06123052
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/ExplanationTxt0RACIAL NONDISCRIMINATION POLICY IS INCLUDED IN ADMISSIONS DOCUMENTS, SCHOOL LITERATURE, FUNDRAISING DOCUMENTS, WEBSITE, FINANCIAL REPORTS AND THE ANNUAL REPORT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt033394
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt033394
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt065982
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPRING GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BOWLING/EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0113509
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt08751
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt016931
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0139191
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt080115
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt08751
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt016931
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0105797
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt039815
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt08569
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt065982
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt048448
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt08965
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0255990
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RICHARD WENDLEK

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.9$5.14$7.78$6.73$6.95$0.22
2024Summary only. Only limited summary data is available for this year.$13.5$5.48$8.00$7.98$6.95$1.03
2023Summary only. Only limited summary data is available for this year.$13.1$6.09$6.98$6.98$6.23$0.75
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.8$6.57$6.22$6.87$5.26$1.62
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.1$6.51$4.60$5.18$4.81$0.36
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.4$8.12$4.24$5.80$5.31$0.48
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.1$8.60$5.50$5.76$5.79$0.03
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$9.30$5.54$7.37$6.84$0.53
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.1$9.93$9.17$6.67$6.82$0.15
2016Detailed filing. Detailed filing data is available for this year.$19.0$9.70$9.32$11.3$6.36$4.97
2015Detailed filing. Detailed filing data is available for this year.$12.4$8.07$4.35$7.19$6.08$1.11
2014Detailed filing. Detailed filing data is available for this year.$9.57$6.34$3.24$6.35$5.28$1.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.24$6.07$2.17$5.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.23$4.37$1.86$3.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.33$4.13$1.20$2.61
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.60$3.73$0.87$2.26