Civic Intelligence

Fayette Academy

990 • Fiscal year 2019 • EIN 62-0726245

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 29, 2020

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

0.96x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

1.56x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

47th percentile

2.0%

Higher net margin than 47% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

86th percentile

$277,198

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

60th percentile

6.3%

Faster asset growth than 60% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

34th percentile

-1.4%

Faster revenue growth than 34% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$8,529,986

Up $508,862 (+6.3%) from 2018

Net Assets

Up

$355,582

Up $105,602 (+42%) from 2018

Liabilities

Up

$8,174,404

Up $403,260 (+5.2%) from 2018

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin47th percentile

Revenue

Down

$5,240,535

Down $71,922 (-1.4%) from 2018

Expenses

Up

$5,134,933

Up $17,619 (+0.3%) from 2018

Net Income

Down

$105,602

Down $89,541 (-46%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth60th 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

2019

Assets$8,529,986
Liabilities$8,174,404
Net Assets$355,582
Open 2019 Filing

Operations Trend

Revenue Growth34th 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

2019

Revenue$5,240,535
Expenses$5,134,933
Net Income$105,602
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 29, 2020
Return Version
2018v3.1
Gross Receipts
$5,592,305
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$5,059,554$5,055,738▼ $3,816
Accounts Receivable$1,863,834$2,159,761▲ $295,927
Savings and Temporary Cash Investments$953,989$1,111,812▲ $157,823
Cash and Non-Interest-Bearing Accounts$143,747$202,675▲ $58,928
Total Assets$8,021,124$8,529,986▲ $508,862
Liabilities
Deferred Revenue$4,339,582$4,661,606▲ $322,024
Mortgage Notes Payable Secured by Investment Property$2,920,241$3,095,518▲ $175,277
Other Liabilities$353,596$411,673▲ $58,077
Accounts Payable and Accrued Expenses$157,725$5,607▼ $152,118
Total Liabilities$7,771,144$8,174,404▲ $403,260
Net Assets / Fund Balance
Temporarily Rstr Net Assets$130,000$235,000▲ $105,000
Unrestricted Net Assets$119,980$120,582▲ $602
Total Net Assets Fund Balance$249,980$355,582▲ $105,602
Total Liabilities and Net Assets / Fund Balance$8,021,124$8,529,986▲ $508,862

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,257,282$3,389,679$7,646,961
Equipment$626,536$1,918,661$2,545,197
Land$171,920-$171,920
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Courtney BurnetteHead of SchoolFT$102,414$174,784$277,198

Board Members and Trustees

NameTitle
Bill RheaChairman
Marjory WalkerVice Chairman
Alex ArmourDirector
Blake NeillDirector
Brian K CulverDirector
Dale BurnsDirector
David KelleyDirector
Ellen DefoorDirector
Garland GoddardDirector
Janet HuntDirector
Jonathan CrookDirector
Lori PayneDirector
Tom MinorDirector
Jan CossarSecretary
David WhitentonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Apple Financial ServicesBursary ServicesPO BOX 866, Somerville, TN 38068, Ca$307,048
Fayette Janitorial ServiceCleaning And Maintenance17970 US HIGHWAY 64, Somerville, TN 38068$165,600
Chickasaw Electric CooperativeUtilities-$119,211
Revenue and Support

Revenue Composition

Contributions and Grants
$163,215
Program Service Revenue
$4,838,181
Investment Income
$94,210
Other Revenue
$144,929
All Other Contributions
$163,215
Change in Net Assets
$105,602

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,240,535
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$351,770
Total Revenue per Audited Statements
$5,592,305
Total Revenue per Form 990
$5,240,535
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,072,531
Other Expenses$2,062,402
Total Fundraising Expense$57,179
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,320,915$407,596$46,033$2,774,544
Depreciation Depletion-$506,148-$506,148
Insurance-$253,663-$253,663
Payroll Taxes$178,885$30,835-$209,720
Occupancy-$198,370-$198,370
All Other Expenses$103,034$81,678$8,532$193,244
Information Technology-$86,241-$86,241
Interest-$77,311-$77,311
Other Expenses$77,028$86,283-$77,028
Pension Plan Contributions-$60,618-$60,618
Other Employee Benefits-$27,649-$27,649
Fees for Services Accounting-$11,980-$11,980
Advertising-$3,749$2,542$6,291
Travel--$72$72
Total Functional Expenses$3,075,933$2,001,821$57,179$5,134,933

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,486,703
Expenses per Audited Statements$5,134,933
Total Expenses per Form 990$5,134,933
Expenses Not Reported on Form 990$351,770
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$97,472
Fundraising Direct Expenses$87,718
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Band Boosters$49,479$49,479$50,311$-832
Athletic Boosters$47,993$47,993$37,407$10,586
Total Events$97,472$97,472$87,718$9,754
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$165,600
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$194,478
Student Activity and Auxillary Serv$113,675
Accrued Interest$53,431
Withholdings$50,089
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
2020-01-29
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
113
Volunteers
25

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, 2019.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 264,052. Fundraising expenses 87,718.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 264,052. Fundraising expenses 87,718.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15HEAD OF SCHOOL
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01965
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt087718
IRS990/FundraisingGrossIncomeAmt097472
IRS990/GainOrLossGrp/SecuritiesAmt090616
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd01
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt090616
IRS990/GrossReceiptsAmt05592305
IRS990/GrossSalesOfInventoryAmt0348710
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt086241
IRS990/InformationTechnologyGrp/TotalAmt086241
IRS990/InsuranceGrp/ManagementAndGeneralAmt0253663
IRS990/InsuranceGrp/TotalAmt0253663
IRS990/InterestGrp/ManagementAndGeneralAmt077311
IRS990/InterestGrp/TotalAmt077311
IRS990/InvestmentIncomeGrp/ExclusionAmt03594
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03594
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt028
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05308340
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05059554
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05055738
IRS990/LandBldgEquipCostOrOtherBssAmt010364078
IRS990/LegalDomicileStateCd0TN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
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/BOYAmt02920241
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03095518
IRS990/NetAssetsOrFundBalancesBOYAmt0249980
IRS990/NetAssetsOrFundBalancesEOYAmt0355582
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt090616
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt090616
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt09754
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt09754
IRS990/NetIncomeOrLossGrp/ExclusionAmt084658
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt084658
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0198370
IRS990/OccupancyGrp/TotalAmt0198370
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt027649
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027649
IRS990/OtherExpensesGrp/Desc0ATHLETICS
IRS990/OtherExpensesGrp/Desc1CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc2EQUIPMENT RENTAL AND MA
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0169700
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt186283
IRS990/OtherExpensesGrp/ProgramServicesAmt0396071
IRS990/OtherExpensesGrp/ProgramServicesAmt177028
IRS990/OtherExpensesGrp/TotalAmt0396071
IRS990/OtherExpensesGrp/TotalAmt1169700
IRS990/OtherExpensesGrp/TotalAmt286283
IRS990/OtherExpensesGrp/TotalAmt377028
IRS990/OtherLiabilitiesGrp/BOYAmt0353596
IRS990/OtherLiabilitiesGrp/EOYAmt0411673
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt050517
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt050517
IRS990/OtherRevenueTotalAmt050517
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt046033
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0407596
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02320915
IRS990/OtherSalariesAndWagesGrp/TotalAmt02774544
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt030835
IRS990/PayrollTaxesGrp/ProgramServicesAmt0178885
IRS990/PayrollTaxesGrp/TotalAmt0209720
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt060618
IRS990/PensionPlanContributionsGrp/TotalAmt060618
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DAVID WHITENTON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1SCHOOL ATHLETICS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04615457
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1222724
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04615457
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1222724
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt090301
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01747
IRS990/PYOtherExpensesAmt02177119
IRS990/PYOtherRevenueAmt0201313
IRS990/PYProgramServiceRevenueAmt05019096
IRS990/PYRevenuesLessExpensesAmt0195143
IRS990/PYSalariesCompEmpBnftPaidAmt02940195
IRS990/PYTotalExpensesAmt05117314
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05312457
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0105602
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05076786
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0953989
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01111812
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/BookValueAmt04257282
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03389679
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07646961
IRS990ScheduleD/EquipmentGrp/BookValueAmt0626536
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01918661
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02545197
IRS990ScheduleD/ExpensesNotReportedAmt0351770
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05134933
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0171920
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0171920
IRS990ScheduleD/OtherExpensesIncludedAmt0351770
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0194478
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt153431
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2113675
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt350089
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2STUDENT ACTIVITY AND AUXILLARY SERV
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3WITHHOLDINGS
IRS990ScheduleD/OtherRevenueAmt0351770
IRS990ScheduleD/RevenueNotReportedAmt0351770
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05240535
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, 2019.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 264,052. FUNDRAISING EXPENSES 87,718.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF GOODS SOLD 264,052. FUNDRAISING EXPENSES 87,718.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05055738
IRS990ScheduleD/TotalExpensesPerForm990Amt05134933
IRS990ScheduleD/TotalLiabilityAmt0411673
IRS990ScheduleD/TotalRevenuePerForm990Amt05240535

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,529,986
Liabilities
$8,174,404
Net assets
$355,582
Revenue
$5,240,535
Expenses
$5,134,933
Net income
$105,602
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