Civic Intelligence

Madison Academy Inc.

990 • Fiscal year 2016 • EIN 63-0356666

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 15, 2017

Organization Profilemacademy.org

View Organization Page

325 Slaughter RoadMadison, AL 35758

(256) 469-6406

Siviq Scores

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

Liabilities / Assets

67th percentile

0.43x

Higher debt load relative to assets than 67% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

77th percentile

0.87x

Higher debt load relative to revenue than 77% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

24th percentile

-4.5%

Higher net margin than 24% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

28th percentile

$117,615

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

89th percentile

26%

Faster asset growth than 89% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

67th percentile

9.3%

Faster revenue growth than 67% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$15,698,472

Up $3,261,813 (+26%) from 2015

Net Assets

Down

$8,919,594

Down $518,372 (-5.5%) from 2015

Liabilities

Up

$6,778,878

Up $3,780,185 (+126%) from 2015

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin24th percentile

Revenue

Up

$7,805,277

Up $663,964 (+9.3%) from 2015

Expenses

Up

$8,155,470

Up $890,556 (+12%) from 2015

Net Income

Down

-$350,193

Down $226,592 (-183%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $12,361,899Liabilities 2011: $4,241,866Net Assets 2011: $8,120,0332011Assets 2012: $12,231,741Liabilities 2012: $3,801,153Net Assets 2012: $8,430,5882012Assets 2013: $12,724,602Liabilities 2013: $3,704,645Net Assets 2013: $9,019,9572013Assets 2014: $12,828,198Liabilities 2014: $3,208,752Net Assets 2014: $9,619,4462014Assets 2015: $12,436,659Liabilities 2015: $2,998,693Net Assets 2015: $9,437,9662015Assets 2016: $15,698,472Liabilities 2016: $6,778,878Net Assets 2016: $8,919,5942016Assets 2017: $15,567,432Liabilities 2017: $6,546,686Net Assets 2017: $9,020,7462017Assets 2018: $15,224,665Liabilities 2018: $6,320,886Net Assets 2018: $8,903,7792018Assets 2019: $15,080,197Liabilities 2019: $6,148,976Net Assets 2019: $8,931,2212019Assets 2020: $15,755,623Liabilities 2020: $6,981,099Net Assets 2020: $8,774,5242020Assets 2021: $14,996,643Liabilities 2021: $5,792,145Net Assets 2021: $9,204,4982021Assets 2022: $14,056,099Liabilities 2022: $5,690,597Net Assets 2022: $8,365,5022022Assets 2023: $14,968,719Liabilities 2023: $7,179,325Net Assets 2023: $7,789,3942023Assets 2024: $13,893,785Liabilities 2024: $6,004,221Net Assets 2024: $7,889,5642024

Highlighted filing

2016

Assets$15,698,472
Liabilities$6,778,878
Net Assets$8,919,594
Open 2016 Filing

Operations Trend

Revenue Growth67th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $6,420,872Expenses 2011: $6,077,183Net Income 2011: $343,6892011Revenue 2012: $6,748,212Expenses 2012: $6,332,212Net Income 2012: $416,0002012Expenses 2013: $6,723,0302013Revenue 2014: $7,020,789Expenses 2014: $6,921,687Net Income 2014: $99,1022014Revenue 2015: $7,141,313Expenses 2015: $7,264,914Net Income 2015: -$123,6012015Revenue 2016: $7,805,277Expenses 2016: $8,155,470Net Income 2016: -$350,1932016Revenue 2017: $7,957,433Expenses 2017: $7,986,850Net Income 2017: -$29,4172017Revenue 2018: $8,076,729Expenses 2018: $8,194,850Net Income 2018: -$118,1212018Revenue 2019: $8,397,090Expenses 2019: $8,382,138Net Income 2019: $14,9522019Revenue 2020: $8,188,125Expenses 2020: $8,244,400Net Income 2020: -$56,2752020Revenue 2021: $8,738,039Expenses 2021: $8,713,513Net Income 2021: $24,5262021Revenue 2022: $8,740,995Expenses 2022: $9,198,972Net Income 2022: -$457,9772022Revenue 2023: $9,877,162Expenses 2023: $10,604,690Net Income 2023: -$727,5282023Revenue 2024: $12,770,651Expenses 2024: $13,413,623Net Income 2024: -$642,9722024

Highlighted filing

2016

Revenue$7,805,277
Expenses$8,155,470
Net Income-$350,193
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 15, 2017
Return Version
2015v3.0
Gross Receipts
$8,235,977
Mission and Program Overview

Mission

Private school dedicated to

Private school dedicated to education of children from 3 years old preschool through 12th grade

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,846,912$8,935,095▲ $88,183
Cash and Non-Interest-Bearing Accounts$1,088,434$3,757,598▲ $2,669,164
Investments in Publicly Traded Securities$1,919,186$1,588,887▼ $330,299
Accounts Receivable$347,013$279,661▼ $67,352
Inventories for Sale or Use$20,845$20,845→ $0
Total Assets$12,436,659$15,698,472▲ $3,261,813
Other Assets Total$214,269$1,116,386▲ $902,117
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,657,826$6,382,312▲ $3,724,486
Accounts Payable and Accrued Expenses$340,867$396,566▲ $55,699
Total Liabilities$2,998,693$6,778,878▲ $3,780,185
Net Assets / Fund Balance
Unrestricted Net Assets$7,518,465$6,803,996▼ $714,469
Temporarily Rstr Net Assets$969,501$1,115,598▲ $146,097
Permanently Rstr Net Assets$950,000$1,000,000▲ $50,000
Total Net Assets Fund Balance$9,437,966$8,919,594▼ $518,372
Total Liabilities and Net Assets / Fund Balance$12,436,659$15,698,472▲ $3,261,813

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,411,736$5,246,237$11,657,973
Land$1,565,284-$1,565,284
Equipment$663,283$558,980$1,222,263
Leasehold Improvements$184,245$130,681$314,926
Other Land Buildings$110,547$96,533$207,080
Other Assets Org$127,570--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$950,000-▲ $50,000-$1,000,000
2014$850,000$-4,184▲ $104,184-$950,000
2013$750,000$-230,791▲ $330,791-$850,000
2012$742,000$-182,600▲ $190,600-$750,000
2011$742,000$25,742▼ $25,742-$742,000
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Barry KirklandPresidentFT$101,950$15,665$117,615

Board Members and Trustees

NameTitle
Scotty SparksChairman
Tom MckeeVice Chair
Polly Ann CaysonSecretary
Thomas BusbyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$829,040
Program Service Revenue
$6,813,622
Investment Income
$126,247
Other Revenue
$36,368
All Other Contributions
$829,040
Change in Net Assets
$-350,193

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$8,971Fair Market Value (FMV)
Other Non Cash Contri Table1$5,800Fair Market Value (FMV)
Total Noncash Contributions2$14,771-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,805,277
Revenue Not Reported on Form 990
$37,013
Total Revenue per Audited Statements
$7,842,290
Total Revenue per Form 990
$7,805,277
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,214,328
Other Expenses$2,821,947
Total Fundraising Expense$326,108
Grants and Similar Amounts Paid$119,195
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,499,712$581,511$168,449$4,249,672
Occupancy$915,963$16,103$15,155$947,221
Depreciation Depletion$440,155$9,498$7,893$457,546
Other Employee Benefits$265,475$75,330$13,682$354,487
Payroll Taxes$251,225$50,619$12,034$313,878
All Other Expenses$87,675$83,685$44,939$216,299
Pension Plan Contributions$145,107$25,615$7,954$178,676
Information Technology$0$150,936$0$150,936
Grants to Domestic Individuals$119,195--$119,195
Current Officers, Directors, Trustees, and Key Employees$99,973$11,762$5,880$117,615
Other Expenses$23,513$40,640$4,877$69,030
Conferences and Meetings$0$24,547$24,691$49,238
Office Expenses$0$25,445$14,061$39,506
Travel$0$35,041$0$35,041
Fees for Services Accounting$0$23,079$0$23,079
Advertising$2,355$0$6,493$8,848
Total Functional Expenses$6,480,574$1,348,788$326,108$8,155,470

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,360,662
Expenses per Audited Statements$8,155,470
Total Expenses per Form 990$8,155,470
Expenses Not Reported on Form 990$205,192
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$241,560
Fundraising Direct Expenses$205,192
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fun Run$55,360$55,360$27,236$28,124
Total Events$55,360$55,360$27,236$28,124
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Madison Academy Inc
EIN
63-0356666
Phone
2564696406
Address
325 SLAUGHTER ROAD, MADISON, AL 35758

Signing Officer

Name
Jerry Mercer
Title
Treasurer
Phone
2564696406
Signed
2017-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barry Kirkland
Formed
1955
Legal Domicile
Al
Voting Board Members
9
Independent Board Members
9
Employees
192
Volunteers
50

Preparer

Firm
Mercer & Associates Pc
Address
201 WILLIAMS AVENUE SUITE 280, HUNTSVILLE, AL 35801
Preparer
Jerry Mercer CPA
Phone
2565364318
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Completed 990 is provided by board treasurer and recommended for board approval”

Pt V, Line 14B

“The school does not provide indoor tanning services”

Pt VI, Line 12C

“The board annually signs conflict of interest statements”

Pt VI, Line 12C

“Which are maintained by the board secretary with minutes”

Pt VI, Line 15B

“An annual evaluation of the president of the school is done by the board of directors”

Pt VI, Line 15B

“As part of the evaluation the treasurer of the executive committee researched comparable salaries of similar jobs to determine an appropriate compensation package”

Pt VI, Line 19

“All documents, policies and financial statements are maintained on school premises and are available for review on request to the president”

Pt XI

“Unrealized loss on investments and donated services and use of facilities”

Pt VI, Line 15A

“An annual evaluation of the top management of the school is done by the board of directors. As part of the evaluation, the treasurer of the executive committee researched comparable salaries of similar jobs to determine appropriate compensation package”

Form 990, Part IX, Line 24E

“Miscellaneous 216299. 87675. 83685. 44939.”

Financial Statement Notes

Pt XI, Line 2D

“SPECIAL EVENT EXPENSE”

Pt XII, Line 2D

“SPECIAL EVENT EXPENSE”

Pt V, Line 4

“Endowment funds earnings are intended to provide tuition”

Pt V, Line 4

“Assistance based on financial need and to be used for”

Pt V, Line 4

“Building and property maintenance”

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IRS990/OtherAssetsTotalGrp/EOYAmt01116386
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt013682
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt075330
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0265475
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0354487
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL OTHER
IRS990/OtherExpensesGrp/Desc1EQUIPMENT & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2FOOD PURCHASES
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt34877
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1194977
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt340640
IRS990/OtherExpensesGrp/ProgramServicesAmt0241836
IRS990/OtherExpensesGrp/ProgramServicesAmt1110950
IRS990/OtherExpensesGrp/ProgramServicesAmt2277440
IRS990/OtherExpensesGrp/ProgramServicesAmt323513
IRS990/OtherExpensesGrp/TotalAmt0241836
IRS990/OtherExpensesGrp/TotalAmt1305927
IRS990/OtherExpensesGrp/TotalAmt2277440
IRS990/OtherExpensesGrp/TotalAmt369030
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0168449
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0581511
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03499712
IRS990/OtherSalariesAndWagesGrp/TotalAmt04249672
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt012034
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt050619
IRS990/PayrollTaxesGrp/ProgramServicesAmt0251225
IRS990/PayrollTaxesGrp/TotalAmt0313878
IRS990/PensionPlanContributionsGrp/FundraisingAmt07954
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt025615
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0145107
IRS990/PensionPlanContributionsGrp/TotalAmt0178676
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0950000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01000000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0BARRY KIRKLAND
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PRE-SCHOOL-GRADE 12
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06813622
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0255759
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0120703
IRS990/PYInvestmentIncomeAmt0156379
IRS990/PYOtherExpensesAmt02274500
IRS990/PYOtherRevenueAmt026603
IRS990/PYProgramServiceRevenueAmt06702572
IRS990/PYRevenuesLessExpensesAmt0-123601
IRS990/PYSalariesCompEmpBnftPaidAmt04869711
IRS990/PYTotalExpensesAmt07264914
IRS990/PYTotalRevenueAmt07141313
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-350193
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt07768909
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt06411736
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05246237
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011657973
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0950000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01000000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt050000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0850000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0-4184
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0950000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0104184
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0750000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0-230791
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0850000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0330791
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0742000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0-182600
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0750000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0190600
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0742000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt025742
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0742000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-25742
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt034299
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0663283
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0558980
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01222263
IRS990ScheduleD/ExpensesNotReportedAmt0205192
IRS990ScheduleD/ExpensesSubtotalAmt08155470
IRS990ScheduleD/LandGrp/BookValueAmt01565284
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01565284
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0184245
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0130681
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0314926
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-202478
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0988816
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1127570
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION PERIOD INTEREST (NET OF AMORTIZATION)
IRS990ScheduleD/OtherExpensesIncludedAmt0205192
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0110547
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt096533
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0207080
IRS990ScheduleD/OtherRevenueAmt0205192
IRS990ScheduleD/RevenueNotReportedAmt037013
IRS990ScheduleD/RevenueSubtotalAmt07805277
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SPECIAL EVENT EXPENSE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ENDOWMENT FUNDS EARNINGS ARE INTENDED TO PROVIDE TUITION
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3ASSISTANCE BASED ON FINANCIAL NEED AND TO BE USED FOR
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4BUILDING AND PROPERTY MAINTENANCE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt V, Line 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt V, Line 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt V, Line 4
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08935095
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01116386
IRS990ScheduleD/TotalExpensesPerForm990Amt08155470
IRS990ScheduleD/TotalRevenuePerForm990Amt07805277
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07842290
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08360662
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PUBLICIZED IN BROCHURES AND OTHER ADVERTISING PUBLICIZED IN BROCHURES AND OTHER ADVERTISING
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt027236
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUN RUN
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt055360
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt055360
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt055360
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt055360
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt028124
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt027236
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt027236
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0119195
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0REDUCTIONS IN TUITION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt028
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0APPLICATION IS MADE BY FAMILIES REQUESTING ASSISTANCE TO A COMMITTEE OF
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1STAFF AND BOARD MEMBERS. THE COMMITTEE REVIEWS THE FINANCIAL DATA OF EACH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt2APPLICANT FAMILY TO DETERMINE FUND DISTRIBUTION
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt I Line 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt I Line 2
IRS990/ScheduleJRequiredInd0false

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,698,472
Liabilities
$6,778,878
Net assets
$8,919,594
Revenue
$7,805,277
Expenses
$8,155,470
Net income
-$350,193
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.9$6.00$7.89$12.8$13.4$0.64
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.0$7.18$7.79$9.88$10.6$0.73
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.1$5.69$8.37$8.74$9.20$0.46
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.0$5.79$9.20$8.74$8.71$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.8$6.98$8.77$8.19$8.24$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.1$6.15$8.93$8.40$8.38$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.2$6.32$8.90$8.08$8.19$0.12
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.6$6.55$9.02$7.96$7.99$0.03
2016Detailed filing. Detailed filing data is available for this year.$15.7$6.78$8.92$7.81$8.16$0.35
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.4$3.00$9.44$7.14$7.26$0.12
2014Detailed filing. Detailed filing data is available for this year.$12.8$3.21$9.62$7.02$6.92$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.7$3.70$9.02$6.72
2012Summary only. Only limited summary data is available for this year.$12.2$3.80$8.43$6.75$6.33$0.42
2011Summary only. Only limited summary data is available for this year.$12.4$4.24$8.12$6.42$6.08$0.34