Civic Intelligence

Advent Episcopal Day School Inc.

990 • Fiscal year 2017 • EIN 63-0505650

Jun 01, 2016 to May 31, 2017 • Filed on Aug 30, 2017

2019 6th Avenue NorthBirmingham, AL 35203

(205) 252-2535

Siviq Scores

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

Liabilities / Assets

59th percentile

0.16x

Higher debt load relative to assets than 59% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

53rd percentile

0.11x

Higher debt load relative to revenue than 53% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

58th percentile

6.1%

Higher net margin than 58% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

89th percentile

$188,674

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

71st percentile

12%

Faster asset growth than 71% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

74th percentile

21%

Faster revenue growth than 74% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$3,021,228

Up $312,684 (+12%) from 2016

Net Assets

Up

$2,530,799

Up $262,538 (+12%) from 2016

Liabilities

Up

$490,429

Up $50,146 (+11%) from 2016

Revenue

Up

$4,320,260

Up $755,821 (+21%) from 2016

Expenses

Up

$4,057,722

Up $555,469 (+16%) from 2016

Net Income

Up

$262,538

Up $200,352 (+322%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,943,697Liabilities 2011: $494,384Net Assets 2011: $2,449,3132011Assets 2012: $2,778,361Liabilities 2012: $613,647Net Assets 2012: $2,164,7142012Assets 2013: $2,891,814Liabilities 2013: $619,869Net Assets 2013: $2,271,9452013Assets 2014: $2,668,733Liabilities 2014: $649,704Net Assets 2014: $2,019,0292014Assets 2015: $2,879,110Liabilities 2015: $669,925Net Assets 2015: $2,209,1852015Assets 2016: $2,708,544Liabilities 2016: $440,283Net Assets 2016: $2,268,2612016Assets 2017: $3,021,228Liabilities 2017: $490,429Net Assets 2017: $2,530,7992017Assets 2018: $3,113,711Liabilities 2018: $478,596Net Assets 2018: $2,635,1152018Assets 2019: $3,053,382Liabilities 2019: $468,006Net Assets 2019: $2,585,3762019Assets 2020: $3,312,845Liabilities 2020: $793,605Net Assets 2020: $2,519,2402020Assets 2021: $3,165,719Liabilities 2021: $805,126Net Assets 2021: $2,360,5932021Assets 2022: $2,992,277Liabilities 2022: $351,579Net Assets 2022: $2,640,6982022Assets 2023: $2,934,154Liabilities 2023: $368,768Net Assets 2023: $2,565,3862023Assets 2024: $2,904,340Liabilities 2024: $503,982Net Assets 2024: $2,400,3582024Assets 2025: $3,356,927Liabilities 2025: $524,281Net Assets 2025: $2,832,6462025

Highlighted filing

2017

Assets$3,021,228
Liabilities$490,429
Net Assets$2,530,799

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $3,145,5092011Expenses 2012: $3,301,4242012Expenses 2013: $3,311,1002013Revenue 2014: $3,076,008Expenses 2014: $3,295,454Net Income 2014: -$219,4462014Revenue 2015: $3,674,744Expenses 2015: $3,484,588Net Income 2015: $190,1562015Revenue 2016: $3,564,439Expenses 2016: $3,502,253Net Income 2016: $62,1862016Revenue 2017: $4,320,260Expenses 2017: $4,057,722Net Income 2017: $262,5382017Revenue 2018: $4,369,580Expenses 2018: $4,265,264Net Income 2018: $104,3162018Revenue 2019: $4,327,440Expenses 2019: $4,377,179Net Income 2019: -$49,7392019Revenue 2020: $3,925,350Expenses 2020: $3,991,486Net Income 2020: -$66,1362020Revenue 2021: $3,638,265Expenses 2021: $3,796,912Net Income 2021: -$158,6472021Revenue 2022: $4,233,931Expenses 2022: $3,953,826Net Income 2022: $280,1052022Revenue 2023: $4,219,444Expenses 2023: $4,294,756Net Income 2023: -$75,3122023Revenue 2024: $4,540,977Expenses 2024: $4,706,005Net Income 2024: -$165,0282024Revenue 2025: $5,204,144Expenses 2025: $4,771,856Net Income 2025: $432,2882025

Highlighted filing

2017

Revenue$4,320,260
Expenses$4,057,722
Net Income$262,538
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Aug 30, 2017
Return Version
2016v3.0
Gross Receipts
$4,430,100
Mission and Program Overview

Mission

To provide a superior, advanced, and enriched education to a diverse student population in a caring, christian environment at an independent, equal-opportunity school.

This episcopal school is committed to the education of students in a christian atmosphere and to fulfilling its responsibilities to the community by providing qualified, experienced teachers and staff and a balanced curriculum. The staff strives to make total involvement in education a bond between the school, the teacher, the student, and the parent. The student enrollment is limited to provide individual attention and instruction.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,869,281$1,814,021▼ $55,260
Cash and Non-Interest-Bearing Accounts$746,987$1,066,934▲ $319,947
Savings and Temporary Cash Investments-$59,826-
Investments in Publicly Traded Securities$59,814--
Accounts Receivable$32,462$52,448▲ $19,986
Prepaid Expenses and Deferred Charges-$27,999-
Total Assets$2,708,544$3,021,228▲ $312,684
Liabilities
Accounts Payable and Accrued Expenses$265,507$297,807▲ $32,300
Deferred Revenue$174,776$192,072▲ $17,296
Other Liabilities$0$550▲ $550
Total Liabilities$440,283$490,429▲ $50,146
Net Assets / Fund Balance
Unrestricted Net Assets$2,268,261$2,530,799▲ $262,538
Total Net Assets Fund Balance$2,268,261$2,530,799▲ $262,538
Total Liabilities and Net Assets / Fund Balance$2,708,544$3,021,228▲ $312,684

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,097,931$1,630,821$2,728,752
Land$591,086-$591,086
Equipment$104,046$447,084$551,130
Other Land Buildings$20,958$126,257$147,215

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$3,331,088$2,250▲ $338,233$21,689$3,496,301
2015$3,539,869$100▼ $41,171$20,305$3,331,088
2014$3,592,145$10,000▲ $99,557$7,832$3,539,869
2013$3,220,152$50,000▲ $441,993-$3,592,145
2012$2,536,472-▲ $883,680$80,000$3,220,152
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Palmer KennedyHeadmasterFT$178,414$10,260$188,674
Tami BailieDirector of FinanceFT$77,508$22,446$99,954

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$284,627
Program Service Revenue
$3,932,813
Investment Income
$239
Other Revenue
$102,581
All Other Contributions
$131,046
Change in Net Assets
$262,538
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,675,254
Other Expenses$1,068,427
Grants and Similar Amounts Paid$314,041
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,522,583$546,504-$2,069,087
Grants to Domestic Individuals$314,041--$314,041
Current Officers, Directors, Trustees, and Key Employees$201,913$70,943-$272,856
Occupancy$129,594$60,435-$190,029
Depreciation Depletion$160,897$14,776-$175,673
Payroll Taxes$123,902$43,484-$167,386
Pension Plan Contributions$90,468$37,047-$127,515
All Other Expenses$85,559$41,353-$126,912
Information Technology$11,902$36,098-$48,000
Other Expenses$38,572--$38,572
Other Employee Benefits$34,079$4,331-$38,410
Insurance$30,314--$30,314
Fees for Services Accounting-$25,891-$25,891
Fees for Services Legal-$23,352-$23,352
Office Expenses-$22,169-$22,169
Advertising$19,353--$19,353
Fees for Services Other-$12,092-$12,092
Total Functional Expenses$3,119,247$938,475$0$4,057,722
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$211,973
Fundraising Direct Expenses$109,840
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
All Special Events$211,973$211,973$109,840$102,133
Total Events$211,973$211,973$109,840$102,133
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
Kirby PooleDaughter of Board MemberTeacher at SchoolNo$39,329
Jane PooleWife of Board MemberTeacher at SchoolNo$9,600
-Two Board Members and the Husband of Another Are Partners in the Law FirmLegal FeesNo$4,050
Palmer Kennedy JrSon of School HeadmasterSchool Employee - Basketball CoachNo$500
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Endowment$550
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Prior to issuing the 990, the 990 was distributed to the finanace committee of the board of trustees for their review and approval.

Form 990, Part VI, Section B, Line 12C

Monitored by the board of trustees at annual meeting

Form 990, Part VI, Section B, Line 15

Compensation process for top officials compensation is review by the compensation committee of the board of trustees and compared to other private schools in area

Form 990, Part VI, Section C, Line 18

Form 990, part vi, line 19 - governing documents disclosure explanation available upon written request

Form 990, Part VI, Section C, Line 19

Form 990, part vi, line 19 - governing documents disclosure explanation available upon written request

Filing and Contact Details

Filer

Filer Name
Advent Episcopal Day School Inc
EIN
63-0505650
Phone
2052522535
Address
2019 6TH AVENUE NORTH, BIRMINGHAM, AL 35203

Signing Officer

Name
Palmer Kennedy
Title
Headmaster
Phone
2052522535
Signed
2017-08-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Palmer Kennedy
Formed
1950
Legal Domicile
Al
Voting Board Members
14
Independent Board Members
14
Employees
66
Volunteers
0

Preparer

Firm
Borland Benefield
Address
2101 HIGHLAND AVE SUITE 500, BIRMINGHAM, AL 35205
Preparer
Jeffrey D Chandler CPA
Phone
2058027212
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior period.

Financial Statement Notes

PART V, LINE 4:

Amounts held for minority and other scholarships, as well as provide operational support to the school.

PART X, LINE 2:

As of may 31, 2017, the school had no uncertain tax positions that qualify for disclosure in the financial statements. The school files an annual form 990 with the internal revenue service and its tax returns for the year 2014 and subsequent years remain subject to examination by tax authorities.

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IRS990/Desc0ADVENT EPISCOPAL DAY SCHOOL, INC. (THE SCHOOL) IS AN INDEPENDENT SCHOOL AFFILIATED WITH A RELIGIOUS ORGANIZATION, INCORPORATED UNDER THE LAWS OF THE STATE OF ALABAMA. THE SCHOOL CONSISTS OF COMMUNITY OF BRIGHT CHILDREN WHO ARE CHALLENGED BY OUR ACCELERATED ACADEMIC PROGRAM PRESENTED IN A CARING, CHRISTIAN ENVIRONMENT. THE SCHOOL STAFF BELIEVES THAT EACH CHILD IS UNIQUE AND IS IN A CONSTANT PROCESS OF CHANGE. BECAUSE OF THIS, THE MENTAL DEVELOPMENT OF EACH CHILD CANNOT BE ISOLATED FROM THE PHYSICAL, SOCIAL, EMOTIONAL, AND SPIRITUAL WELL-BEING. THE INDIVIDUAL CHILD SHOULD BE EXPOSED TO AND INVOLVED IN THE TOTAL LEARNING PROCESS: THINKING, PLANNING, AND PROBLEM SOLVING. TO DEVELOP FULLY THE POTENTIAL OF EACH CHILD, THE SCHOOL STAFF SEEKS AND USES THE BEST METHODS AND MATERIALS AVAILABLE IN EACH AREA OF LEARNING, BELIEVING THAT ALL AREAS OF LEARNING SHOULD BE RELATED TO AND INTERWOVEN WITH A STUDENT'S EVERY EXPERIENCE. TO ASSIST IN THE CONTINUING GROWTH OF EACH CHILD, THE SCHOOL TEACHERS EMPLOY VARIED LEARNING CONCEPTS AND PROVIDE AN ATMOSPHERE OF ENTHUSIASM FOR LEARNING. FURTHER, IT IS BELIEVED THAT A CONTINUING EVALUATION OF THE LEARNING PROCESS OF EACH CHILD IN RELATION TO THE SCHOOL PROGRAM IS ESSENTIAL.THIS SCHOOL IS COMMITTED TO THE EDUCATION OF STUDENTS IN A CHRISTIAN ATMOSPHERE AND TO FULFILLING ITS RESPONSIBILITIES TO THE COMMUNITY BY PROVIDING QUALIFIED, EXPERIENCED TEACHERS AND STAFF AND A BALANCED CURRICULUM. THE STAFF STRIVES TO MAKE TOTAL INVOLVEMENT IN EDUCATION A BOND BETWEEN THE SCHOOL, THE TEACHER, THE STUDENT, AND THE PARENT. THE STUDENT ENROLLMENT IS LIMITED TO PROVIDE INDIVIDUAL ATTENTION AND INSTRUCTION.
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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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt15HEADMASTER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01950
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt0109840
IRS990/FundraisingGrossIncomeAmt0211973
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt0314041
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0314041
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0314041
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04430100
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt036098
IRS990/InformationTechnologyGrp/ProgramServicesAmt011902
IRS990/InformationTechnologyGrp/TotalAmt048000
IRS990/InsuranceGrp/ProgramServicesAmt030314
IRS990/InsuranceGrp/TotalAmt030314
IRS990/InvestmentIncomeGrp/ExclusionAmt0239
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0239
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt059814
IRS990/IRPDocumentCnt039
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02204162
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01869281
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01814021
IRS990/LandBldgEquipCostOrOtherBssAmt04018183
IRS990/LegalDomicileStateCd0AL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE A SUPERIOR, ADVANCED, AND ENRICHED EDUCATION TO A DIVERSE STUDENT POPULATION IN A CARING, CHRISTIAN ENVIRONMENT AT AN INDEPENDENT, EQUAL-OPPORTUNITY SCHOOL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02268261
IRS990/NetAssetsOrFundBalancesEOYAmt02530799
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0102133
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0102133
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt060435
IRS990/OccupancyGrp/ProgramServicesAmt0129594
IRS990/OccupancyGrp/TotalAmt0190029
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt022169
IRS990/OfficeExpensesGrp/TotalAmt022169
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04331
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt034079
IRS990/OtherEmployeeBenefitsGrp/TotalAmt038410
IRS990/OtherExpensesGrp/Desc0KITCHEN
IRS990/OtherExpensesGrp/Desc1STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/Desc2TEACHING AIDS INSTRUCTI
IRS990/OtherExpensesGrp/Desc3INSTRUCTIONAL COST
IRS990/OtherExpensesGrp/ProgramServicesAmt0161059
IRS990/OtherExpensesGrp/ProgramServicesAmt1138305
IRS990/OtherExpensesGrp/ProgramServicesAmt256706
IRS990/OtherExpensesGrp/ProgramServicesAmt338572
IRS990/OtherExpensesGrp/TotalAmt0161059
IRS990/OtherExpensesGrp/TotalAmt1138305
IRS990/OtherExpensesGrp/TotalAmt256706
IRS990/OtherExpensesGrp/TotalAmt338572
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0550
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0448
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0448
IRS990/OtherRevenueTotalAmt0448
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0546504
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01522583
IRS990/OtherSalariesAndWagesGrp/TotalAmt02069087
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt043484
IRS990/PayrollTaxesGrp/ProgramServicesAmt0123902
IRS990/PayrollTaxesGrp/TotalAmt0167386
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt037047
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt090468
IRS990/PensionPlanContributionsGrp/TotalAmt0127515
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027999
IRS990/PrincipalOfficerNm0PALMER KENNEDY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03932813
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03932813
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0268854
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0879
IRS990/PYOtherExpensesAmt01018304
IRS990/PYOtherRevenueAmt0-8042
IRS990/PYProgramServiceRevenueAmt03302748
IRS990/PYRevenuesLessExpensesAmt062186
IRS990/PYSalariesCompEmpBnftPaidAmt02483949
IRS990/PYTotalExpensesAmt03502253
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03564439
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0262538
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0153581
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03932813
IRS990/SavingsAndTempCashInvstGrp/EOYAmt059826
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/BookValueAmt01097931
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01630821
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02728752
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03331088
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02250
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03496301
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0153581
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0338233
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt021689
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03539869
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0100
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03331088
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0147405
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-41171
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt020305
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03592145
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt010000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03539869
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0154001
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt099557
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt07832
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03220152
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt050000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03592145
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0120000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0441993
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02536472
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03220152
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0120000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0883680
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt080000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd01
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0104046
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0447084
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0551130
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0591086
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0591086
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt020958
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0126257
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0147215
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0550
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO ENDOWMENT
IRS990ScheduleD/RelatedOrgListSchRInd01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AMOUNTS HELD FOR MINORITY AND OTHER SCHOLARSHIPS, AS WELL AS PROVIDE OPERATIONAL SUPPORT TO THE SCHOOL.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1AS OF MAY 31, 2017, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL FILES AN ANNUAL FORM 990 WITH THE INTERNAL REVENUE SERVICE AND ITS TAX RETURNS FOR THE YEAR 2014 AND SUBSEQUENT YEARS REMAIN SUBJECT TO EXAMINATION BY TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01814021
IRS990ScheduleD/TotalLiabilityAmt0550
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$0.52$2.83$5.20$4.77$0.43
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.90$0.50$2.40$4.54$4.71$0.17
2023Detailed filing. Detailed filing data is available for this year.$2.93$0.37$2.57$4.22$4.29$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.99$0.35$2.64$4.23$3.95$0.28
2021Detailed filing. Detailed filing data is available for this year.$3.17$0.81$2.36$3.64$3.80$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.31$0.79$2.52$3.93$3.99$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$0.47$2.59$4.33$4.38$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.11$0.48$2.64$4.37$4.27$0.10
2017Detailed filing. Detailed filing data is available for this year.$3.02$0.49$2.53$4.32$4.06$0.26
2016Detailed filing. Detailed filing data is available for this year.$2.71$0.44$2.27$3.56$3.50$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.88$0.67$2.21$3.67$3.48$0.19
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.67$0.65$2.02$3.08$3.30$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.89$0.62$2.27$3.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.78$0.61$2.16$3.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.94$0.49$2.45$3.15