Civic Intelligence

Fayette Academy

990 • Fiscal year 2023 • EIN 62-0726245

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 17, 2024

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

90th percentile

0.81x

Higher debt load relative to assets than 90% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

1.10x

Higher debt load relative to revenue than 84% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

69th percentile

14%

Higher net margin than 69% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

44th percentile

$113,582

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

71st percentile

15%

Faster asset growth than 71% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

74th percentile

25%

Faster revenue growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$9,956,981

Up $1,278,681 (+15%) from 2022

Net Assets

Up

$1,893,388

Up $1,054,695 (+126%) from 2022

Liabilities

Up

$8,063,593

Up $223,986 (+2.9%) from 2022

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin69th percentile

Revenue

Up

$7,318,201

Up $1,452,610 (+25%) from 2022

Expenses

Up

$6,263,506

Up $183,750 (+3.0%) from 2022

Net Income

Up

$1,054,695

Up $1,268,860 (+592%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth71st 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

2023

Assets$9,956,981
Liabilities$8,063,593
Net Assets$1,893,388
Open 2023 Filing

Operations Trend

Revenue Growth74th 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

2023

Revenue$7,318,201
Expenses$6,263,506
Net Income$1,054,695
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 17, 2024
Return Version
2022v5.0
Gross Receipts
$8,057,084
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$4,432,692$4,411,071▼ $21,621
Accounts Receivable$2,196,788$3,088,306▲ $891,518
Savings and Temporary Cash Investments$1,982,415$2,095,522▲ $113,107
Cash and Non-Interest-Bearing Accounts$66,405$291,115▲ $224,710
Total Assets$8,678,300$9,956,981▲ $1,278,681
Other Assets Total-$70,967-
Liabilities
Deferred Revenue$5,085,428$5,455,948▲ $370,520
Mortgage Notes Payable Secured by Investment Property$2,210,080$2,014,967▼ $195,113
Other Liabilities$496,198$506,541▲ $10,343
Accounts Payable and Accrued Expenses$47,901$86,137▲ $38,236
Total Liabilities$7,839,607$8,063,593▲ $223,986
Net Assets / Fund Balance
Net Assets With Donor Restrictions$248,110$1,203,307▲ $955,197
Net Assets Without Donor Restrictions$590,583$690,081▲ $99,498
Total Net Assets Fund Balance$838,693$1,893,388▲ $1,054,695
Total Liabilities and Net Assets / Fund Balance$8,678,300$9,956,981▲ $1,278,681

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,600,347$4,379,137$7,979,484
Equipment$343,533$2,371,374$2,714,907
Land$385,591-$385,591
Other Land Buildings$81,600-$81,600
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Courtney BurnetteHead of SchoolFT$109,108$4,474$113,582

Board Members and Trustees

NameTitle
Blake NeillChairman
Rob BellVice Chairman
Alex ArmourDirector
Brian K CulverDirector
Crystal IsomDirector
David DouglasDirector
Ellen DefoorDirector
Ellis WhiteDirector
Jacob SmithDirector
Jamie DawsonDirector
Marjory WalkerDirector
Mike AtkeisonDirector
Tom MinorDirector
Monia GarabitoSecretary
Ronald JenkinsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Fayette Janitorial ServiceCleaning And MaintenancePO BOX 866, Somerville, TN 38068$175,400
Chickasaw ElectricUtilities17970 US-64, Somerville, TN 38068$110,256
Revenue and Support

Revenue Composition

Contributions and Grants
$1,438,747
Program Service Revenue
$5,935,167
Investment Income
$63,576
Other Revenue
$-119,289
All Other Contributions
$1,438,747
Change in Net Assets
$1,054,695

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table5$33,027Fair Market Value
Other Non Cash Contri Table2$4,200Fair Market Value
Other Non Cash Contri Table1$2,700Fair Market Value
Other Non Cash Contri Table1$714Fair Market Value
Total Noncash Contributions9$40,641-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,318,201
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$738,181
Total Revenue per Audited Statements
$8,056,382
Total Revenue per Form 990
$7,318,201
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,663,319
Other Expenses$2,600,187
Total Fundraising Expense$65,539
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,750,391$554,434-$3,304,825
Depreciation Depletion-$472,570-$472,570
All Other Expenses$53,185$239,727$65,539$358,451
Insurance-$307,794-$307,794
Payroll Taxes$215,538$39,961-$255,499
Occupancy-$209,639-$209,639
Other Expenses$213,012$187,070-$187,070
Information Technology-$171,645-$171,645
Pension Plan Contributions-$74,656-$74,656
Interest-$46,106-$46,106
Other Employee Benefits-$28,339-$28,339
Fees for Services Accounting-$14,500-$14,500
Advertising-$1,581-$1,581
Total Functional Expenses$3,660,962$2,537,005$65,539$6,263,506

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,001,687
Expenses per Audited Statements$6,263,506
Total Expenses per Form 990$6,263,506
Expenses Not Reported on Form 990$738,181
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 Direct Expenses$381,587
Fundraising Gross Income$184,929
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Athletic Boosters$72,962$72,962$42,143$30,819
Band Boosters$62,560$62,560$36,627$25,933
Total Events$184,929$184,929$126,267$58,662
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 One of the Highest Paid Contractors for the School. There Is an Annual Contract for the Services.No$175,400
Ellen DefoorDirectorSpouse Owns D & G ContractorsNo$70,074
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$302,872
Student Activity and Auxillary Serv$117,361
Withholdings$56,201
Accrued Interest$30,107
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Kathy Davis
Title
Finance Director
Phone
9014653241
Signed
2024-01-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Davis
Formed
1965
Legal Domicile
Tn
Voting Board Members
15
Independent Board Members
15
Employees
118
Volunteers
20

Preparer

Firm
Fouts & Morgan Cpas
Address
1715 AARON BRENNER DR STE 700, MEMPHIS, TN 38120-1471
Preparer
Amanda M Farmer 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, 2023.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 356,594. Fundraising expenses 381,587.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 356,594. Fundraising expenses 381,587.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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/FundraisingDirectExpensesAmt0381587
IRS990/FundraisingGrossIncomeAmt0184929
IRS990/GainOrLossGrp/OtherAmt039698
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd01
IRS990/GrossAmountSalesAssetsGrp/OtherAmt040400
IRS990/GrossReceiptsAmt08057084
IRS990/GrossSalesOfInventoryAmt0402438
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0171645
IRS990/InformationTechnologyGrp/TotalAmt0171645
IRS990/InsuranceGrp/ManagementAndGeneralAmt0307794
IRS990/InsuranceGrp/TotalAmt0307794
IRS990/InterestGrp/ManagementAndGeneralAmt046106
IRS990/InterestGrp/TotalAmt046106
IRS990/InvestmentIncomeGrp/ExclusionAmt023878
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt023878
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt049
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06750511
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04432692
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04411071
IRS990/LandBldgEquipCostOrOtherBssAmt011161582
IRS990/LegalDomicileStateCd0TN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0702
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/BOYAmt02210080
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02014967
IRS990/NetAssetsOrFundBalancesBOYAmt0838693
IRS990/NetAssetsOrFundBalancesEOYAmt01893388
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt039698
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt039698
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-196658
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-196658
IRS990/NetIncomeOrLossGrp/ExclusionAmt045844
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt045844
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0590583
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0690081
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt040641
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0209639
IRS990/OccupancyGrp/TotalAmt0209639
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt070967
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt028339
IRS990/OtherEmployeeBenefitsGrp/TotalAmt028339
IRS990/OtherExpensesGrp/Desc0ATHLETICS
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL AND MA
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0188983
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1187070
IRS990/OtherExpensesGrp/ProgramServicesAmt0428836
IRS990/OtherExpensesGrp/ProgramServicesAmt1213012
IRS990/OtherExpensesGrp/TotalAmt0428836
IRS990/OtherExpensesGrp/TotalAmt1213012
IRS990/OtherExpensesGrp/TotalAmt2188983
IRS990/OtherExpensesGrp/TotalAmt3187070
IRS990/OtherLiabilitiesGrp/BOYAmt0496198
IRS990/OtherLiabilitiesGrp/EOYAmt0506541
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt031525
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt031525
IRS990/OtherRevenueTotalAmt031525
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0554434
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02750391
IRS990/OtherSalariesAndWagesGrp/TotalAmt03304825
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt039961
IRS990/PayrollTaxesGrp/ProgramServicesAmt0215538
IRS990/PayrollTaxesGrp/TotalAmt0255499
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt074656
IRS990/PensionPlanContributionsGrp/TotalAmt074656
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KATHY DAVIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1SCHOOL ORGANIZATIONS
IRS990/ProgramServiceRevenueGrp/Desc2SCHOOL ATHLETICS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05527873
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1231250
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2176044
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05527873
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1231250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2176044
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0209375
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt046253
IRS990/PYOtherExpensesAmt02591363
IRS990/PYOtherRevenueAmt0-15648
IRS990/PYProgramServiceRevenueAmt05625611
IRS990/PYRevenuesLessExpensesAmt0-214165
IRS990/PYSalariesCompEmpBnftPaidAmt03488393
IRS990/PYTotalExpensesAmt06079756
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05865591
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01054695
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05966692
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01982415
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02095522
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/BookValueAmt03600347
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04379137
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07979484
IRS990ScheduleD/EquipmentGrp/BookValueAmt0343533
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02371374
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02714907
IRS990ScheduleD/ExpensesNotReportedAmt0738181
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06263506
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0385591
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0385591
IRS990ScheduleD/OtherExpensesIncludedAmt0738181
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt081600
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt081600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0302872
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1117361
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt256201
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt330107
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1STUDENT ACTIVITY AND AUXILLARY SERV
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2WITHHOLDINGS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED INTEREST
IRS990ScheduleD/OtherRevenueAmt0738181
IRS990ScheduleD/RevenueNotReportedAmt0738181
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07318201
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, 2023.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 356,594. FUNDRAISING EXPENSES 381,587.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF GOODS SOLD 356,594. FUNDRAISING EXPENSES 381,587.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04411071

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,956,981
Liabilities
$8,063,593
Net assets
$1,893,388
Revenue
$7,318,201
Expenses
$6,263,506
Net income
$1,054,695
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