Civic Intelligence

Fayette Academy

990 • Fiscal year 2017 • EIN 62-0726245

Jul 01, 2016 to Jun 30, 2017 • Filed on May 09, 2018

Organization ProfileWWW.FAYETTEACADEMY.COM

View Organization Page

P O Box 130Somerville, TN 38068

(901) 465-3241

Siviq Scores

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

Liabilities / Assets

91st percentile

0.99x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

86th percentile

1.67x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

26th percentile

-4.0%

Higher net margin than 26% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

11th percentile

-8.2%

Faster asset growth than 11% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

41st percentile

1.7%

Faster revenue growth than 41% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$8,037,055

Down $715,854 (-8.2%) from 2016

Net Assets

Down

$54,837

Down $190,635 (-78%) from 2016

Liabilities

Down

$7,982,218

Down $525,219 (-6.2%) from 2016

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin26th percentile

Revenue

Up

$4,781,902

Up $81,759 (+1.7%) from 2016

Expenses

Down

$4,972,537

Down $148,260 (-2.9%) from 2016

Net Income

Up

-$190,635

Up $230,019 (+55%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth11th 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

2017

Assets$8,037,055
Liabilities$7,982,218
Net Assets$54,837
Open 2017 Filing

Operations Trend

Revenue Growth41st 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

2017

Revenue$4,781,902
Expenses$4,972,537
Net Income-$190,635
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 9, 2018
Return Version
2016v3.0
Gross Receipts
$5,024,431
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$5,944,315$5,556,056▼ $388,259
Accounts Receivable$1,782,963$1,413,351▼ $369,612
Savings and Temporary Cash Investments$238,805$1,026,322▲ $787,517
Cash and Non-Interest-Bearing Accounts$786,826$41,326▼ $745,500
Total Assets$8,752,909$8,037,055▼ $715,854
Liabilities
Deferred Revenue$4,267,378$4,129,175▼ $138,203
Mortgage Notes Payable Secured by Investment Property$3,654,023$3,322,076▼ $331,947
Other Liabilities$427,652$378,090▼ $49,562
Accounts Payable and Accrued Expenses$158,384$152,877▼ $5,507
Total Liabilities$8,507,437$7,982,218▼ $525,219
Net Assets / Fund Balance
Temporarily Rstr Net Assets$130,000$130,000→ $0
Unrestricted Net Assets$115,472$-75,163▼ $190,635
Total Net Assets Fund Balance$245,472$54,837▼ $190,635
Total Liabilities and Net Assets / Fund Balance$8,752,909$8,037,055▼ $715,854

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,804,563$2,825,068$7,629,631
Equipment$627,984$2,021,559$2,649,543
Land$123,509-$123,509
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Bill RheaChairman
Janet HuntVice Chairman
Alex ArmourDirector
Brian K CulverDirector
Buster OrrDirector
Dale BurnsDirector
Dr Glenn WeatherlyDirector
Jan CossarDirector
Jeff FletcherDirector
Jonathan CrookDirector
Marjory WalkerDirector
Tom MinorDirector
Vip LewisDirector
Dr Katie MiddlecoffSecretary
David WhitentonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Fayette Janitorial ServiceCleaning And MaintenancePO BOX 866, Somerville, TN 38068$166,250
Revenue and Support

Revenue Composition

Contributions and Grants
$169,138
Program Service Revenue
$4,367,235
Investment Income
$1,108
Other Revenue
$244,421
All Other Contributions
$169,138
Change in Net Assets
$-190,635

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,781,902
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$242,529
Total Revenue per Audited Statements
$5,024,431
Total Revenue per Form 990
$4,781,902
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,210,742
Other Expenses$1,761,795
Total Fundraising Expense$96,638
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,277,073$407,490$51,738$2,736,301
Depreciation Depletion-$554,986-$554,986
All Other Expenses$119,494$84,176$41,960$245,630
Other Employee Benefits$144,477$77,792-$222,269
Payroll Taxes$166,169$26,277$2,247$194,693
Occupancy-$182,263-$182,263
Interest-$87,903-$87,903
Other Expenses$70,688$76,224-$70,688
Insurance$61,470--$61,470
Information Technology-$60,668-$60,668
Pension Plan Contributions$57,479--$57,479
Advertising-$6,042$315$6,357
Travel--$378$378
Total Functional Expenses$3,131,035$1,744,864$96,638$4,972,537

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,215,066
Expenses per Audited Statements$4,972,537
Total Expenses per Form 990$4,972,537
Expenses Not Reported on Form 990$242,529
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$140,967
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Dale BurnsDirectorOwner of Fayette Janitorial. Fayette Janitorial Provides the Janitorial Services and Is the Highest Paid Contractor for the School. There Is an Annual Contract for the Services.No$100,000
Brian CulverDirectorBrian Culver Is on the Board. He Provides Electrical Work for the Academy. He Is Not Under Contract With the Academy.No-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$185,056
Student Activity and Auxillary Serv$125,482
Accrued Interest$58,135
Withholdings$9,417
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
Yes
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 11B

“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
P O BOX 130, SOMERVILLE, TN 38068

Signing Officer

Name
David Whitenton
Title
Treasurer
Phone
9014653241
Signed
2018-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Whitenton
Formed
1965
Legal Domicile
Tn
Voting Board Members
15
Independent Board Members
15
Employees
103
Volunteers
0

Preparer

Firm
Fouts & Morgan Cpas
Address
1715 AARON BRENNER DR STE 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 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, 2017. .”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 242,529.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 242,529.”

Raw XML AppendixShowing 400 of 502 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/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt0140967
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05024431
IRS990/GrossSalesOfInventoryAmt0311863
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt060668
IRS990/InformationTechnologyGrp/TotalAmt060668
IRS990/InsuranceGrp/ProgramServicesAmt061470
IRS990/InsuranceGrp/TotalAmt061470
IRS990/InterestGrp/ManagementAndGeneralAmt087903
IRS990/InterestGrp/TotalAmt087903
IRS990/InvestmentIncomeGrp/ExclusionAmt01108
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01108
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt037
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04846627
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05944315
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05556056
IRS990/LandBldgEquipCostOrOtherBssAmt010402683
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/BOYAmt03654023
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03322076
IRS990/NetAssetsOrFundBalancesBOYAmt0245472
IRS990/NetAssetsOrFundBalancesEOYAmt054837
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0140967
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0140967
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt069334
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt069334
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0182263
IRS990/OccupancyGrp/TotalAmt0182263
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt077792
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0144477
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0222269
IRS990/OtherExpensesGrp/Desc0ATHLETICS
IRS990/OtherExpensesGrp/Desc1CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc2EQUIPMENT RENTAL AND MA
IRS990/OtherExpensesGrp/Desc3BAND
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0181043
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt176224
IRS990/OtherExpensesGrp/ProgramServicesAmt0234185
IRS990/OtherExpensesGrp/ProgramServicesAmt170688
IRS990/OtherExpensesGrp/TotalAmt0234185
IRS990/OtherExpensesGrp/TotalAmt1181043
IRS990/OtherExpensesGrp/TotalAmt276224
IRS990/OtherExpensesGrp/TotalAmt370688
IRS990/OtherLiabilitiesGrp/BOYAmt0427652
IRS990/OtherLiabilitiesGrp/EOYAmt0378090
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt034120
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt034120
IRS990/OtherRevenueTotalAmt034120
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt051738
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0407490
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02277073
IRS990/OtherSalariesAndWagesGrp/TotalAmt02736301
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02247
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026277
IRS990/PayrollTaxesGrp/ProgramServicesAmt0166169
IRS990/PayrollTaxesGrp/TotalAmt0194693
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt057479
IRS990/PensionPlanContributionsGrp/TotalAmt057479
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DAVID WHITENTON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1SCHOOL ATHLETICS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04163655
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1203580
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04163655
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1203580
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0233336
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01349
IRS990/PYOtherExpensesAmt01874955
IRS990/PYOtherRevenueAmt0186659
IRS990/PYProgramServiceRevenueAmt04278799
IRS990/PYRevenuesLessExpensesAmt0-420654
IRS990/PYSalariesCompEmpBnftPaidAmt03245842
IRS990/PYTotalExpensesAmt05120797
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04700143
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-190635
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04470689
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0238805
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01026322
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/BookValueAmt04804563
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02825068
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07629631
IRS990ScheduleD/EquipmentGrp/BookValueAmt0627984
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02021559
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02649543
IRS990ScheduleD/ExpensesNotReportedAmt0242529
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04972537
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0123509
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0123509
IRS990ScheduleD/OtherExpensesIncludedAmt0242529
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0185056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt158135
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2125482
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt39417
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2STUDENT ACTIVITY AND AUXILLARY SERV
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3WITHHOLDINGS
IRS990ScheduleD/OtherRevenueAmt0242529
IRS990ScheduleD/RevenueNotReportedAmt0242529
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04781902
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 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, 2017. .
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 242,529.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF GOODS SOLD 242,529.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05556056
IRS990ScheduleD/TotalExpensesPerForm990Amt04972537
IRS990ScheduleD/TotalLiabilityAmt0378090
IRS990ScheduleD/TotalRevenuePerForm990Amt04781902
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05024431
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05215066
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
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0DALE BURNS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1BRIAN CULVER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,037,055
Liabilities
$7,982,218
Net assets
$54,837
Revenue
$4,781,902
Expenses
$4,972,537
Net income
-$190,635
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