Civic Intelligence

Fayette Academy

990 • Fiscal year 2015 • EIN 62-0726245

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 18, 2016

Organization ProfileWWW.FAYETTEACADEMY.COM

View Organization Page

15090 Hwy 64Somerville, TN 38068

(901) 465-3241

Siviq Scores

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

Liabilities / Assets

89th percentile

0.93x

Higher debt load relative to assets than 89% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

86th percentile

1.78x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

20th percentile

-7.1%

Higher net margin than 20% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

77th percentile

11%

Faster asset growth than 77% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

23rd percentile

-8.3%

Faster revenue growth than 23% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$9,067,500

Up $925,591 (+11%) from 2014

Net Assets

Down

$666,126

Down $333,817 (-33%) from 2014

Liabilities

Up

$8,401,374

Up $1,259,408 (+18%) from 2014

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin20th percentile

Revenue

Down

$4,722,030

Down $426,495 (-8.3%) from 2014

Expenses

Down

$5,055,847

Down $43,395 (-0.9%) from 2014

Net Income

Down

-$333,817

Down $383,100 (-777%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$10M$5.0M$0Assets 2010: $4,901,961Liabilities 2010: $4,552,167Net Assets 2010: $349,7942010Assets 2011: $7,668,909Liabilities 2011: $7,129,151Net Assets 2011: $539,7582011Assets 2012: $8,441,323Liabilities 2012: $7,706,600Net Assets 2012: $734,7232012Assets 2013: $8,374,727Liabilities 2013: $7,424,067Net Assets 2013: $950,6602013Assets 2014: $8,141,909Liabilities 2014: $7,141,966Net Assets 2014: $999,9432014Assets 2015: $9,067,500Liabilities 2015: $8,401,374Net Assets 2015: $666,1262015Assets 2016: $8,752,909Liabilities 2016: $8,507,437Net Assets 2016: $245,4722016Assets 2017: $8,037,055Liabilities 2017: $7,982,218Net Assets 2017: $54,8372017Assets 2018: $8,021,124Liabilities 2018: $7,771,144Net Assets 2018: $249,9802018Assets 2019: $8,529,986Liabilities 2019: $8,174,404Net Assets 2019: $355,5822019Assets 2020: $8,026,856Liabilities 2020: $7,176,599Net Assets 2020: $850,2572020Assets 2021: $8,858,153Liabilities 2021: $7,805,295Net Assets 2021: $1,052,8582021Assets 2022: $8,678,300Liabilities 2022: $7,839,607Net Assets 2022: $838,6932022Assets 2023: $9,956,981Liabilities 2023: $8,063,593Net Assets 2023: $1,893,3882023Assets 2024: $9,947,668Liabilities 2024: $7,557,707Net Assets 2024: $2,389,9612024

Highlighted filing

2015

Assets$9,067,500
Liabilities$8,401,374
Net Assets$666,126
Open 2015 Filing

Operations Trend

Revenue Growth23rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,351,8002010Expenses 2011: $4,460,6692011Expenses 2012: $4,655,2562012Expenses 2013: $4,776,9332013Revenue 2014: $5,148,525Expenses 2014: $5,099,242Net Income 2014: $49,2832014Revenue 2015: $4,722,030Expenses 2015: $5,055,847Net Income 2015: -$333,8172015Revenue 2016: $4,700,143Expenses 2016: $5,120,797Net Income 2016: -$420,6542016Revenue 2017: $4,781,902Expenses 2017: $4,972,537Net Income 2017: -$190,6352017Revenue 2018: $5,312,457Expenses 2018: $5,117,314Net Income 2018: $195,1432018Revenue 2019: $5,240,535Expenses 2019: $5,134,933Net Income 2019: $105,6022019Revenue 2020: $5,767,060Expenses 2020: $5,272,385Net Income 2020: $494,6752020Revenue 2021: $5,496,842Expenses 2021: $5,294,241Net Income 2021: $202,6012021Revenue 2022: $5,865,591Expenses 2022: $6,079,756Net Income 2022: -$214,1652022Revenue 2023: $7,318,201Expenses 2023: $6,263,506Net Income 2023: $1,054,6952023Revenue 2024: $6,985,731Expenses 2024: $6,489,158Net Income 2024: $496,5732024

Highlighted filing

2015

Revenue$4,722,030
Expenses$5,055,847
Net Income-$333,817
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 18, 2016
Return Version
2014v6.0
Gross Receipts
$4,976,327
Mission and Program Overview

Mission

To provide co-educational and extracurricular activities to students from pre-kindergarten to 12th grade.

Fayette academy is a college preparatory school based on christian beliefs and is dedicated to providing a quality education for students in pre-k to grade twelve. The school is committed to the development of each student with emphasis placed on academic, personal, moral, social, and physical development in a safe environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,305,102$6,101,052▲ $795,950
Accounts Receivable$1,934,200$1,839,373▼ $94,827
Savings and Temporary Cash Investments$810,537$1,064,993▲ $254,456
Cash and Non-Interest-Bearing Accounts$92,070$62,082▼ $29,988
Total Assets$8,141,909$9,067,500▲ $925,591
Liabilities
Deferred Revenue$4,126,168$4,201,843▲ $75,675
Mortgage Notes Payable Secured by Investment Property$2,590,618$3,616,919▲ $1,026,301
Other Liabilities$368,802$368,060▼ $742
Accounts Payable and Accrued Expenses$56,378$214,552▲ $158,174
Total Liabilities$7,141,966$8,401,374▲ $1,259,408
Net Assets / Fund Balance
Unrestricted Net Assets$899,943$462,992▼ $436,951
Temporarily Rstr Net Assets$100,000$203,134▲ $103,134
Total Net Assets Fund Balance$999,943$666,126▼ $333,817
Total Liabilities and Net Assets / Fund Balance$8,141,909$9,067,500▲ $925,591

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,483,233$1,900,930$6,384,163
Equipment$1,074,271$1,455,922$2,530,193
Leasehold Improvements$543,548$402,140$945,688
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Steve CraftonChairman
Dr Glenn WeatherlyVice Chairman
April AusteinDirector
Bill RheaDirector
Brian K CulverDirector
Buster OrrDirector
Jeff FletcherDirector
Jonathan CrookDirector
Michael MorrisDirector
Suzie WalkerDirector
Vip LewisDirector
Dr Katie MiddlecoffSecretary
David WhitentonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Tri State Fire ProtectionMaintenance3729 E RAINES ROAD, Memphis, TN 38118$209,989
Fayette Janitorial ServiceCleaning And MaintenancePO BOX 866, Somerville, TN 38068$161,395
Revenue and Support

Revenue Composition

Contributions and Grants
$103,134
Program Service Revenue
$4,461,113
Investment Income
$1,742
Other Revenue
$156,041
All Other Contributions
$103,134
Change in Net Assets
$-333,817

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,722,030
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$254,297
Total Revenue per Audited Statements
$4,976,327
Total Revenue per Form 990
$4,722,030
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,312,921
Other Expenses$1,742,926
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,427,636$468,780-$2,896,416
Depreciation Depletion-$377,327-$377,327
Occupancy-$201,226-$201,226
Payroll Taxes$171,977$29,058-$201,035
All Other Expenses$160,853$28,266-$189,119
Other Employee Benefits$77,168$76,401-$153,569
Other Expenses$7,272$105,250-$112,522
Interest-$76,659-$76,659
Information Technology-$66,471-$66,471
Insurance$63,662--$63,662
Pension Plan Contributions$52,102$9,799-$61,901
Advertising-$12,760-$12,760
Total Functional Expenses$3,317,827$1,738,020$0$5,055,847

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,310,144
Expenses per Audited Statements$5,055,847
Total Expenses per Form 990$5,055,847
Expenses Not Reported on Form 990$254,297
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$141,929
Fundraising Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Band and Athletic Boosters$141,929$141,929-$141,929
Total Events$141,929$141,929-$141,929
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$202,997
Student Activity and Auxillary Serv$108,192
Accrued Interest$56,663
Deferred Exclusive Rights Fee$208
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 form 990 is reviewed by the treasurer of the organization prior to being filed.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents available upon request with some information also provided on its website.”

Filing and Contact Details

Filer

Filer Name
Fayette Academy
EIN
62-0726245
Phone
9014653241
Address
15090 HWY 64, SOMERVILLE, TN 38068

Signing Officer

Name
David Whitenton
Title
Treasurer
Phone
9014653241
Signed
2016-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Whitenton
Formed
1965
Legal Domicile
Tn
Voting Board Members
13
Independent Board Members
13
Employees
109
Volunteers
0

Preparer

Firm
Fouts & Morgan Cpas
Address
1715 AARON BRENNER DRIVE SUITE 700, MEMPHIS, TN 38120-1471
Preparer
Gary D Purdy CPA
Phone
9017612110
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The school accounts for uncertain tax positions based upon accounting standards codification ("asc") 740-10 and has evaluated its tax positions taken for all open tax years. The school has filed returns with the internal revenue service and considers this to be its major tax jurisdiction. Currently, the past three tax years are open and subject to examination. However, the school is not currently under audit nor has the school been contacted by this jurisdiction. Based on the evaluation of the schools tax positions, management believes all positions taken would more likely than not be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the year ended june 30, 2015.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 254,297.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 254,297.”

Raw XML AppendixShowing 400 of 482 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/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt066471
IRS990/InformationTechnologyGrp/TotalAmt066471
IRS990/InsuranceGrp/ProgramServicesAmt063662
IRS990/InsuranceGrp/TotalAmt063662
IRS990/InterestGrp/ManagementAndGeneralAmt076659
IRS990/InterestGrp/TotalAmt076659
IRS990/InvestmentIncomeGrp/ExclusionAmt01742
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01742
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt040
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03758992
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05305102
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06101052
IRS990/LandBldgEquipCostOrOtherBssAmt09860044
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE CO-EDUCATIONAL AND EXTRACURRICULAR ACTIVITIES TO STUDENTS FROM PRE-KINDERGARTEN TO 12TH GRADE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02590618
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03616919
IRS990/NetAssetsOrFundBalancesBOYAmt0999943
IRS990/NetAssetsOrFundBalancesEOYAmt0666126
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0141929
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0141929
IRS990/NetIncomeOrLossGrp/ExclusionAmt011862
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt011862
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0201226
IRS990/OccupancyGrp/TotalAmt0201226
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt076401
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt077168
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0153569
IRS990/OtherExpensesGrp/Desc0ATHLETICS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL AND MA
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0112779
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1173244
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2105250
IRS990/OtherExpensesGrp/ProgramServicesAmt0269659
IRS990/OtherExpensesGrp/ProgramServicesAmt187498
IRS990/OtherExpensesGrp/ProgramServicesAmt27272
IRS990/OtherExpensesGrp/TotalAmt0269659
IRS990/OtherExpensesGrp/TotalAmt1200277
IRS990/OtherExpensesGrp/TotalAmt2173244
IRS990/OtherExpensesGrp/TotalAmt3112522
IRS990/OtherLiabilitiesGrp/BOYAmt0368802
IRS990/OtherLiabilitiesGrp/EOYAmt0368060
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02250
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02250
IRS990/OtherRevenueTotalAmt02250
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0468780
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02427636
IRS990/OtherSalariesAndWagesGrp/TotalAmt02896416
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt029058
IRS990/PayrollTaxesGrp/ProgramServicesAmt0171977
IRS990/PayrollTaxesGrp/TotalAmt0201035
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09799
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt052102
IRS990/PensionPlanContributionsGrp/TotalAmt061901
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DAVID WHITENTON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1SCHOOL ATHLETICS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04257306
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1203807
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04257306
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1203807
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0151176
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02559
IRS990/PYOtherExpensesAmt01749523
IRS990/PYOtherRevenueAmt0184539
IRS990/PYProgramServiceRevenueAmt04810251
IRS990/PYRevenuesLessExpensesAmt049283
IRS990/PYSalariesCompEmpBnftPaidAmt03349719
IRS990/PYTotalExpensesAmt05099242
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05148525
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-333817
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04810251
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0810537
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01064993
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/BookValueAmt04483233
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01900930
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06384163
IRS990ScheduleD/EquipmentGrp/BookValueAmt01074271
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01455922
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02530193
IRS990ScheduleD/ExpensesNotReportedAmt0254297
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05055847
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0543548
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0402140
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0945688
IRS990ScheduleD/OtherExpensesIncludedAmt0254297
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0208
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1202997
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt256663
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3108192
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED EXCLUSIVE RIGHTS FEE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3STUDENT ACTIVITY AND AUXILLARY SERV
IRS990ScheduleD/OtherRevenueAmt0254297
IRS990ScheduleD/RevenueNotReportedAmt0254297
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04722030
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL ACCOUNTS FOR UNCERTAIN TAX POSITIONS BASED UPON ACCOUNTING STANDARDS CODIFICATION ("ASC") 740-10 AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. THE SCHOOL HAS FILED RETURNS WITH THE INTERNAL REVENUE SERVICE AND CONSIDERS THIS TO BE ITS MAJOR TAX JURISDICTION. CURRENTLY, THE PAST THREE TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION. HOWEVER, THE SCHOOL IS NOT CURRENTLY UNDER AUDIT NOR HAS THE SCHOOL BEEN CONTACTED BY THIS JURISDICTION. BASED ON THE EVALUATION OF THE SCHOOLS TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD MORE LIKELY THAN NOT BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED JUNE 30, 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 254,297.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF GOODS SOLD 254,297.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06101052
IRS990ScheduleD/TotalExpensesPerForm990Amt05055847
IRS990ScheduleD/TotalLiabilityAmt0368060
IRS990ScheduleD/TotalRevenuePerForm990Amt04722030
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04976327
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05310144
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'S RACIALLY NON-DISCRIMINATORY POLICY IS ADVERTISED THROUGH LOCAL NEWSPAPERS, MAGAZINES AND OTHER PRINTED MEDIA. IN ADDITION, THIS POLICY IS DISCLOSED ON THE SCHOOL'S INTERNET WEB-SITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BAND AND ATHLETIC BOOSTERS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0141929
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0141929
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0141929
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0141929
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0141929
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE TREASURER OF THE ORGANIZATION PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST WITH SOME INFORMATION ALSO PROVIDED ON ITS WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,067,500
Liabilities
$8,401,374
Net assets
$666,126
Revenue
$4,722,030
Expenses
$5,055,847
Net income
-$333,817
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.95$7.56$2.39$6.99$6.49$0.50
2023Detailed filing. Detailed filing data is available for this year.$9.96$8.06$1.89$7.32$6.26$1.05
2022Detailed filing. Detailed filing data is available for this year.$8.68$7.84$0.84$5.87$6.08$0.21
2021Detailed filing. Detailed filing data is available for this year.$8.86$7.81$1.05$5.50$5.29$0.20
2020Detailed filing. Detailed filing data is available for this year.$8.03$7.18$0.85$5.77$5.27$0.49
2019Detailed filing. Detailed filing data is available for this year.$8.53$8.17$0.36$5.24$5.13$0.11
2018Detailed filing. Detailed filing data is available for this year.$8.02$7.77$0.25$5.31$5.12$0.20
2017Detailed filing. Detailed filing data is available for this year.$8.04$7.98$0.05$4.78$4.97$0.19
2016Detailed filing. Detailed filing data is available for this year.$8.75$8.51$0.25$4.70$5.12$0.42
2015Detailed filing. Detailed filing data is available for this year.$9.07$8.40$0.67$4.72$5.06$0.33
2014Detailed filing. Detailed filing data is available for this year.$8.14$7.14$1.00$5.15$5.10$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.37$7.42$0.95$4.78
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.44$7.71$0.73$4.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.67$7.13$0.54$4.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.90$4.55$0.35$4.35