Civic Intelligence

The Master'S Academy of Central Florida Inc

990 • Fiscal year 2018 • EIN 59-2663620

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 08, 2019

Organization Profilewww.mastersacademy.org

View Organization Page

1500 Lukas LaneOviedo, FL 32765

(407) 971-2221

Siviq Scores

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

Liabilities / Assets

86th percentile

0.78x

Higher debt load relative to assets than 86% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

82nd percentile

1.43x

Higher debt load relative to revenue than 82% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

67th percentile

11%

Higher net margin than 67% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

69th percentile

$344,820

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

53rd percentile

3.1%

Faster asset growth than 53% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

35th percentile

0.5%

Faster revenue growth than 35% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$26,105,260

Up $793,769 (+3.1%) from 2017

Net Assets

Up

$5,859,544

Up $2,060,564 (+54%) from 2017

Liabilities

Down

$20,245,716

Down $1,266,795 (-5.9%) from 2017

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin67th percentile

Revenue

Up

$14,200,023

Up $76,524 (+0.5%) from 2017

Expenses

Down

$12,692,774

Down $2,156,422 (-15%) from 2017

Net Income

Up

$1,507,249

Up $2,232,946 (+308%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$30M$20M$10M$0-$10MAssets 2010: $23,711,434Liabilities 2010: $17,884,329Net Assets 2010: $5,827,1052010Assets 2011: $23,582,933Liabilities 2011: $17,593,488Net Assets 2011: $5,989,4452011Assets 2012: $23,514,136Liabilities 2012: $17,419,757Net Assets 2012: $6,094,3792012Assets 2013: $15,813,752Liabilities 2013: $16,812,375Net Assets 2013: -$998,6232013Assets 2014: $15,062,068Liabilities 2014: $14,342,908Net Assets 2014: $719,1602014Assets 2015: $14,981,812Liabilities 2015: $15,100,177Net Assets 2015: -$118,3652015Assets 2016: $27,299,827Liabilities 2016: $23,656,559Net Assets 2016: $3,643,2682016Assets 2017: $25,311,491Liabilities 2017: $21,512,511Net Assets 2017: $3,798,9802017Assets 2018: $26,105,260Liabilities 2018: $20,245,716Net Assets 2018: $5,859,5442018Assets 2019: $27,710,570Liabilities 2019: $20,285,055Net Assets 2019: $7,425,5152019Assets 2020: $26,511,377Liabilities 2020: $19,925,388Net Assets 2020: $6,585,9892020Assets 2021: $24,889,126Liabilities 2021: $19,134,696Net Assets 2021: $5,754,4302021Assets 2022: $26,482,967Liabilities 2022: $17,382,632Net Assets 2022: $9,100,3352022Assets 2023: $25,998,417Liabilities 2023: $16,548,625Net Assets 2023: $9,449,7922023Assets 2024: $26,153,720Liabilities 2024: $15,654,403Net Assets 2024: $10,499,3172024Assets 2025: $25,967,622Liabilities 2025: $14,704,674Net Assets 2025: $11,262,9482025

Highlighted filing

2018

Assets$26,105,260
Liabilities$20,245,716
Net Assets$5,859,544
Open 2018 Filing

Operations Trend

Revenue Growth35th percentile

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

$30M$20M$10M$0-$10MExpenses 2010: $7,662,2592010Revenue 2011: $8,604,861Expenses 2011: $8,442,521Net Income 2011: $162,3402011Expenses 2012: $8,954,8042012Expenses 2013: $16,853,3152013Revenue 2014: $11,556,184Expenses 2014: $9,957,084Net Income 2014: $1,599,1002014Revenue 2015: $11,369,477Expenses 2015: $11,880,013Net Income 2015: -$510,5362015Revenue 2016: $18,209,893Expenses 2016: $17,176,931Net Income 2016: $1,032,9622016Revenue 2017: $14,123,499Expenses 2017: $14,849,196Net Income 2017: -$725,6972017Revenue 2018: $14,200,023Expenses 2018: $12,692,774Net Income 2018: $1,507,2492018Revenue 2019: $15,764,125Expenses 2019: $13,563,050Net Income 2019: $2,201,0752019Revenue 2020: $15,896,410Expenses 2020: $14,069,264Net Income 2020: $1,827,1462020Revenue 2021: $15,280,881Expenses 2021: $16,358,379Net Income 2021: -$1,077,4982021Revenue 2022: $18,246,673Expenses 2022: $16,610,482Net Income 2022: $1,636,1912022Revenue 2023: $19,059,856Expenses 2023: $19,212,874Net Income 2023: -$153,0182023Revenue 2024: $20,713,896Expenses 2024: $19,906,856Net Income 2024: $807,0402024Revenue 2025: $21,814,947Expenses 2025: $20,043,024Net Income 2025: $1,771,9232025

Highlighted filing

2018

Revenue$14,200,023
Expenses$12,692,774
Net Income$1,507,249
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 8, 2019
Return Version
2017v2.3
Gross Receipts
$14,329,959
Mission and Program Overview

Mission

Operation of a non-profit Christian preschool, elementary, and secondary school.

Operation of a non-profit Christian preschool, elementary, and secondary school pursuing spiritual and academic excellence with Christian families by going the second mile.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$611,115$1,763,134▲ $1,152,019
Land, Buildings, and Equipment, Net$1,565,708$1,672,046▲ $106,338
Prepaid Expenses and Deferred Charges$214,611$158,653▼ $55,958
Accounts Receivable$33,110$58,121▲ $25,011
Inventories for Sale or Use$114,818$35,592▼ $79,226
Total Assets$25,311,491$26,105,260▲ $793,769
Other Assets Total$22,772,129$22,417,714▼ $354,415
Liabilities
Mortgage Notes Payable Secured by Investment Property$17,224,828$16,686,454▼ $538,374
Deferred Revenue$3,238,378$2,925,750▼ $312,628
Accounts Payable and Accrued Expenses$601,237$633,512▲ $32,275
Other Liabilities$448,068$0▼ $448,068
Total Liabilities$21,512,511$20,245,716▼ $1,266,795
Net Assets / Fund Balance
Unrestricted Net Assets$3,750,338$5,859,544▲ $2,109,206
Temporarily Rstr Net Assets$48,642$0▼ $48,642
Total Net Assets Fund Balance$3,798,980$5,859,544▲ $2,060,564
Total Liabilities and Net Assets / Fund Balance$25,311,491$26,105,260▲ $793,769

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,394,407$2,317,730$3,712,137
Other Land Buildings$277,639$835,518$1,113,157
Other Assets Org$105,247--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,000,000-▲ $37,510$37,510$1,000,000
2016$1,000,000-▲ $17,985$17,985$1,000,000
2015$1,000,000-▲ $13,554$13,554$1,000,000
2014$1,000,000-▲ $18,155$18,155$1,000,000
2013$1,000,000-▲ $16,959$16,959$1,000,000
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr William HarrisPresidentFT$312,301$32,519$344,820
Stephen DennyDirector of AthleticsFT$104,810$8,322$113,132

Board Members and Trustees

NameTitle
William T AndersenChairman/Director
Joseph M UrianVice Chairman/Secretary/Director
Diane GodfreyDirector
Trey LewisDirector
Timothy PursleyTreasurer/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$948,394
Program Service Revenue
$12,966,039
Investment Income
$-46,771
Other Revenue
$332,361
All Other Contributions
$100,958
Change in Net Assets
$1,507,249

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$31,100Fair Market Value
Works of Art12$888Fair Market Value
Books and Publications-$292Fair Market Value
Total Noncash Contributions12$32,280-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,267,110
Other Expenses$4,982,577
Grants and Similar Amounts Paid$443,087
Total Fundraising Expense$35,746
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,553,406$1,399,517-$4,952,923
Other Employee Benefits$1,258,215$122,116-$1,380,331
Occupancy$1,162,651$112,414-$1,275,065
Depreciation Depletion$921,675$48,509-$970,184
Interest-$538,768-$538,768
Payroll Taxes$272,271$95,203-$367,474
Current Officers, Directors, Trustees, and Key Employees$258,724$86,241-$344,965
Grants to Domestic Orgs$255,363--$255,363
Insurance$128,710$97,784-$226,494
Grants to Domestic Individuals$187,724--$187,724
Office Expenses$113,316$27,441-$140,757
Comp Disqual Persons$94,714$32,319-$127,033
Pension Plan Contributions$94,384--$94,384
Information Technology$24,895$63,373-$88,268
Travel$52,232$19,168-$71,400
Advertising$23,460$1,076$32,827$57,363
Fees for Services Accounting-$21,291-$21,291
Fees for Services Legal-$20,712-$20,712
Other Expenses$6,035$7,205$2,919$13,240
Total Functional Expenses$9,945,493$2,711,535$35,746$12,692,774
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
TMA Properties Foundation IncOviedo, FL501(c)(3)Capital expenditures$255,363
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$43,346
Fundraising Gross Income$24,632
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Boosterthon Fun Run$37,162-$21,130-
Spirit Wear Fundraiser$16,818$16,818$12,038$4,780
Total Events$73,859$24,632$43,346$-18,714
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASeminole County Industrial Development Authority2015-06-19$19,000,000See Part VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$19,000,000$10,924,374$2,313,546$198,132

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
Yes
Corrective action procedures
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The Academy's top management official and top financial official each review the Form 990 prior to its filing with the IRS. A copy of the final Form 990 is also provided to the voting members of the Academy's governing body prior to its filing with the IRS.”

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

“The Academy's conflict of interest policy is distributed to each member of the Academy's governing body, its officers and its key employees on an annual basis. Each such individual provides an annual disclosure statement indicating that they have received, read, understood and agreed to comply with the policy, certifying that: (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statements with previously undisclosed conflicts of interest are forwarded to appropriate Academy officials to take appropriate actions as required by the policy.”

Form 990, Part VI, Section B, line 15

“The Academy has adopted an executive compensation setting policy applicable to all disqualified persons, including the Academy's President, officers and key employees. Under the policy, the Board of Directors reviews and approves the compensation levels of all individuals subject to the policy. The deliberations and decisions of the Board are contemporaneously substantiated. The Board utilizes comparability data in its deliberations; updated comparability data is generally obtained every two to three years.”

Form 990, Part VI, Section C, line 19

“The Academy's Articles of Incorporation are publicly available online. The Academy's bylaws, conflicts of interest policy, and other policies are provided to those responsible for complying with them.”

Form 990, Part VI:

“An audit of the Academy's financial statements is conducted annually by an independent certified public accounting firm, which has resulted in the issuance of an unqualified opinion. In addition, the Academy is a fully accredited member of the Evangelical Council for Financial Accountability (ECFA) and, as such, subscribes to ECFA's Seven Standards of Responsible Stewardship addressing: (1) operation in conformity with the Academy's evangelical Christian doctrinal statement, (2) oversight by a Board of Directors, the majority of which are independent, (3) submission of complete, accurate, audited financial statements, (4) proper management and financial controls over the use of the Academy's resources, (5) public availability of the Academy's current financial statements upon written request, (6) avoidance of conflicts of interest, and (7) responsible, truthful fund-raising practices.”

Form 990, Part VIII, Line 11A:

“Change in interest in leasehold: $286,396”

Filing and Contact Details

Filer

Filer Name
The Master's Academy
EIN
59-2663620
Phone
4079712221
Address
1500 Lukas Lane, Oviedo, FL 32765

Signing Officer

Name
Dr William Harris
Title
President
Phone
4079712221
Signed
2019-01-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr William Harris
Formed
1986
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
268
Volunteers
200

Preparer

Firm
Batts Morrison Wales and Lee PA
Address
801 North Orange Avenue Suite 800, Orlando, FL 32801
Preparer
Julia W James
Phone
4077706000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Change in estimated fair value of interest rate swap contracts 553,315.”

Form 990, Part XII, Line 2C:

“The Academy's Board of Directors, or a committee of thereof, assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year.”

Financial Statement Notes

Part V, Line 4:

“The $1 Million Permanent Endowment is held by TMA Heritage Foundation, Inc. for the benefits, compensation, and resoures of the teaching faculty of the Academy.”

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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/GrossReceiptsAmt014329959
IRS990/GrossRentsGrp/RealAmt05000
IRS990/GrossSalesOfInventoryAmt035328
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt063373
IRS990/InformationTechnologyGrp/ProgramServicesAmt024895
IRS990/InformationTechnologyGrp/TotalAmt088268
IRS990/InsuranceGrp/ManagementAndGeneralAmt097784
IRS990/InsuranceGrp/ProgramServicesAmt0128710
IRS990/InsuranceGrp/TotalAmt0226494
IRS990/InterestGrp/ManagementAndGeneralAmt0538768
IRS990/InterestGrp/TotalAmt0538768
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0114818
IRS990/InventoriesForSaleOrUseGrp/EOYAmt035592
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt079
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03153248
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01565708
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01672046
IRS990/LandBldgEquipCostOrOtherBssAmt04825294
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt051771
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Operation of a non-profit Christian preschool, elementary, and secondary school.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt017224828
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt016686454
IRS990/NetAssetsOrFundBalancesBOYAmt03798980
IRS990/NetAssetsOrFundBalancesEOYAmt05859544
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-46771
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-46771
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-18714
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-18714
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0509
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0509
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt05000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05000
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt032280
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0112414
IRS990/OccupancyGrp/ProgramServicesAmt01162651
IRS990/OccupancyGrp/TotalAmt01275065
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt027441
IRS990/OfficeExpensesGrp/ProgramServicesAmt0113316
IRS990/OfficeExpensesGrp/TotalAmt0140757
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt022772129
IRS990/OtherAssetsTotalGrp/EOYAmt022417714
IRS990/OtherChangesInNetAssetsAmt0553315
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0122116
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01258215
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01380331
IRS990/OtherExpensesGrp/Desc0Auxiliary Activites
IRS990/OtherExpensesGrp/Desc1Instructional Expenses
IRS990/OtherExpensesGrp/Desc2Dues & Subscriptions
IRS990/OtherExpensesGrp/Desc3Miscellaneous
IRS990/OtherExpensesGrp/FundraisingAmt02919
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018398
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17205
IRS990/OtherExpensesGrp/ProgramServicesAmt01272191
IRS990/OtherExpensesGrp/ProgramServicesAmt1226493
IRS990/OtherExpensesGrp/ProgramServicesAmt239034
IRS990/OtherExpensesGrp/ProgramServicesAmt36035
IRS990/OtherExpensesGrp/TotalAmt01293508
IRS990/OtherExpensesGrp/TotalAmt1226493
IRS990/OtherExpensesGrp/TotalAmt239034
IRS990/OtherExpensesGrp/TotalAmt313240
IRS990/OtherLiabilitiesGrp/BOYAmt0448068
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0See Sch O
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous
IRS990/OtherRevenueMiscGrp/ExclusionAmt0286396
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt059170
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0286396
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt159170
IRS990/OtherRevenueTotalAmt0345566
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01399517
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03553406
IRS990/OtherSalariesAndWagesGrp/TotalAmt04952923
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt095203
IRS990/PayrollTaxesGrp/ProgramServicesAmt0272271
IRS990/PayrollTaxesGrp/TotalAmt0367474
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt094384
IRS990/PensionPlanContributionsGrp/TotalAmt094384
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0214611
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0158653
IRS990/PrincipalOfficerNm0Dr William Harris
IRS990/ProfessionalFundraisingInd01
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Tuition and Fees
IRS990/ProgramServiceRevenueGrp/Desc1Auxiliary Activities
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011514488
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11451551
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011514488
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11451551
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0343474
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03097809
IRS990/PYInvestmentIncomeAmt0-15609
IRS990/PYOtherExpensesAmt04780402
IRS990/PYOtherRevenueAmt01512452
IRS990/PYProgramServiceRevenueAmt012283182
IRS990/PYRevenuesLessExpensesAmt0-725697
IRS990/PYSalariesCompEmpBnftPaidAmt06970985
IRS990/PYTotalExpensesAmt014849196
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014123499
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01507249
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RelatedOrganizationsAmt0798209
IRS990/RentalIncomeOrLossGrp/RealAmt05000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt013025718
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01000000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01000000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt037510
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt037510
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01000000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01000000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt017985
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt017985
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01000000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01000000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt013554
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt013554
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01000000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01000000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018155
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt018155
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01000000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01000000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt016959
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt016959
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd01
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01394407
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02317730
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03712137
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt080653
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt177639
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt222097830
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt356345
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4105247
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Debt Issuance Costs
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Loan Cost
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Interest in leasehold held by TMA Properties Foundation, Inc.
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Interest Rate Swap Contract
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0277639
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0835518
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01113157
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RelatedOrgListSchRInd01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The $1 Million Permanent Endowment is held by TMA Heritage Foundation, Inc. for the benefits, compensation, and resoures of the teaching faculty of the Academy.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01672046
IRS990ScheduleD/TotalBookValueOtherAssetsAmt022417714
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 Academy published an ad in the local newspaper of general circulation, the Orlando Sentinel.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleG/AgrmtProfFundraisingActyInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0Boosterthon
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd01
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt037162
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt017232
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0Boosterthon Enterprises Inc
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt019930
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt010400 Old Alabama Road Connectore
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0Alpharetta
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd030022
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesOtherEventsAmt0112

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,105,260
Liabilities
$20,245,716
Net assets
$5,859,544
Revenue
$14,200,023
Expenses
$12,692,774
Net income
$1,507,249
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$26.0$14.7$11.3$21.8$20.0$1.77
2024Detailed filing. Detailed filing data is available for this year.$26.2$15.7$10.5$20.7$19.9$0.81
2023Detailed filing. Detailed filing data is available for this year.$26.0$16.5$9.45$19.1$19.2$0.15
2022Detailed filing. Detailed filing data is available for this year.$26.5$17.4$9.10$18.2$16.6$1.64
2021Detailed filing. Detailed filing data is available for this year.$24.9$19.1$5.75$15.3$16.4$1.08
2020Detailed filing. Detailed filing data is available for this year.$26.5$19.9$6.59$15.9$14.1$1.83
2019Detailed filing. Detailed filing data is available for this year.$27.7$20.3$7.43$15.8$13.6$2.20
2018Detailed filing. Detailed filing data is available for this year.$26.1$20.2$5.86$14.2$12.7$1.51
2017Detailed filing. Detailed filing data is available for this year.$25.3$21.5$3.80$14.1$14.8$0.73
2016Detailed filing. Detailed filing data is available for this year.$27.3$23.7$3.64$18.2$17.2$1.03
2015Detailed filing. Detailed filing data is available for this year.$15.0$15.1$0.12$11.4$11.9$0.51
2014Detailed filing. Detailed filing data is available for this year.$15.1$14.3$0.72$11.6$9.96$1.60
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.8$16.8$1.00$16.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.5$17.4$6.09$8.95
2011Summary only. Only limited summary data is available for this year.$23.6$17.6$5.99$8.60$8.44$0.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.7$17.9$5.83$7.66