Civic Intelligence

Prairie Seeds Academy

990 • Fiscal year 2017 • EIN 65-1216244

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 26, 2018

Organization Profilewww.psak12.org
6200 W Broadway Ave NBrooklyn Park, MN 55428

(763) 450-1388

Siviq Scores

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

Liabilities / Assets

88th percentile

0.86x

Higher debt load relative to assets than 88% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

84th percentile

1.43x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

13th percentile

-14%

Higher net margin than 13% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

42nd percentile

$151,367

Higher top officer pay than 42% of similar nonprofits.

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

97th percentile

95%

Faster asset growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

41st percentile

1.9%

Faster revenue growth than 41% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets88th percentile

Assets

Flat

$17,022,411

Flat from 2017

Net Assets

Flat

$2,324,132

Flat from 2017

Liabilities

Flat

$14,698,279

Flat from 2017

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin13th percentile

Revenue

Flat

$10,306,606

Flat from 2017

Expenses

Flat

$11,753,733

Flat from 2017

Net Income

Flat

-$1,447,127

Flat from 2017

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $3,533,614Liabilities 2011: $443,055Net Assets 2011: $3,090,5592011Assets 2012: $4,645,151Liabilities 2012: $533,908Net Assets 2012: $4,111,2432012Assets 2013: $5,042,581Liabilities 2013: $448,793Net Assets 2013: $4,593,7882013Assets 2014: $6,031,722Liabilities 2014: $658,435Net Assets 2014: $5,373,2872014Assets 2015: $7,723,846Liabilities 2015: $4,754,707Net Assets 2015: $2,969,1392015Assets 2016: $8,726,799Liabilities 2016: $4,955,540Net Assets 2016: $3,771,2592016Assets 2017: $17,022,411Liabilities 2017: $14,698,279Net Assets 2017: $2,324,1322017Assets 2017: $17,022,411Liabilities 2017: $14,698,279Net Assets 2017: $2,324,1322017Assets 2018: $14,909,693Liabilities 2018: $14,417,665Net Assets 2018: $492,0282018Assets 2019: $12,622,903Liabilities 2019: $11,221,984Net Assets 2019: $1,400,9192019Assets 2020: $12,037,545Liabilities 2020: $11,358,532Net Assets 2020: $679,0132020Assets 2021: $11,928,237Liabilities 2021: $9,859,457Net Assets 2021: $2,068,7802021Assets 2022: $11,990,647Liabilities 2022: $9,757,876Net Assets 2022: $2,232,7712022Assets 2023: $12,325,252Liabilities 2023: $9,549,696Net Assets 2023: $2,775,5562023

Highlighted filing

2017

Assets$17,022,411
Liabilities$14,698,279
Net Assets$2,324,132
Open 2017 Filing

Operations Trend

Revenue Growth41st percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $7,010,8542011Revenue 2012: $8,582,354Expenses 2012: $7,561,670Net Income 2012: $1,020,6842012Revenue 2013: $8,459,056Expenses 2013: $7,976,511Net Income 2013: $482,5452013Revenue 2014: $8,998,241Expenses 2014: $8,218,742Net Income 2014: $779,4992014Revenue 2015: $9,536,675Expenses 2015: $8,274,097Net Income 2015: $1,262,5782015Revenue 2016: $10,111,302Expenses 2016: $9,309,182Net Income 2016: $802,1202016Revenue 2017: $10,306,606Expenses 2017: $11,753,733Net Income 2017: -$1,447,1272017Revenue 2017: $10,306,606Expenses 2017: $11,753,733Net Income 2017: -$1,447,1272017Revenue 2018: $10,745,743Expenses 2018: $12,577,847Net Income 2018: -$1,832,1042018Revenue 2019: $10,316,989Expenses 2019: $9,408,098Net Income 2019: $908,8912019Revenue 2020: $11,148,868Expenses 2020: $11,870,774Net Income 2020: -$721,9062020Revenue 2021: $14,361,129Expenses 2021: $12,971,362Net Income 2021: $1,389,7672021Revenue 2022: $13,475,629Expenses 2022: $13,311,638Net Income 2022: $163,9912022Revenue 2023: $14,073,551Expenses 2023: $13,530,766Net Income 2023: $542,7852023

Highlighted filing

2017

Revenue$10,306,606
Expenses$11,753,733
Net Income-$1,447,127
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 26, 2018
Return Version
2016v3.0
Gross Receipts
$10,306,606
Mission and Program Overview

Mission

Provide educational programs for grades k-12 in compliance with minnesota public education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,511,116$6,068,972▲ $557,856
Pd in Cap Srpls Land Bldg Eqp Fund$1,296,254$1,365,455▲ $69,201
Land, Buildings, and Equipment, Net$1,296,254$1,226,463▼ $69,791
Accounts Receivable$1,181,212$1,133,684▼ $47,528
Cap Stk Tr Prin Current Funds$2,475,005$927,113▼ $1,547,892
Prepaid Expenses and Deferred Charges$30,419$44,632▲ $14,213
Rtn Earn Endowment Incm Other Fnds$0$31,564▲ $31,564
Total Assets$8,726,799$17,022,411▲ $8,295,612
Other Assets Total$707,798$8,548,660▲ $7,840,862
Liabilities
Other Liabilities$4,399,343$13,935,245▲ $9,535,902
Accounts Payable and Accrued Expenses$556,197$763,034▲ $206,837
Total Liabilities$4,955,540$14,698,279▲ $9,742,739
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,771,259$2,324,132▼ $1,447,127
Total Liabilities and Net Assets / Fund Balance$8,726,799$17,022,411▲ $8,295,612

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$709,120$1,436,876$2,145,996
Leasehold Improvements$256,537$260,087$516,624
Buildings$260,806$45,683$306,489
Other Assets Org$1,673--
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Choua YangPrincipalFT$127,123$24,244$151,367
Cha Ger YangCEOFT$122,512$24,854$147,366
Melinda Hansen - LomenBoard ChairFT$54,445$12,691$67,136
Jeffrey CulpSecretaryFT$45,539$5,472$51,011

Board Members and Trustees

NameTitle
Becky BuckleyMember
Melanie BradshawMember
Sue MouaMember
Xee VueTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
CKC Good FoodCatered mealsPO Box 43419, Minneapolis, MN 55443$483,794
Northstar Bus LinesTransportation11800 95th Avenue North, Maple Grove, MN 55369$241,575
Teaching Temps IncSubstitute Services4050 Olson Memorial Mwy Suite 405, Minneapolis, MN 55422$155,551
Hmong American Partnership dba Thrive EdSchool Turnaround Support1075 Arcade Street, St Paul, MN 55106$148,520
Beltz Kes Darling and AssociatesFinancial Management and Payroll Service22488 Chippendale Avenue, Farmington, MN 55024$115,908
Revenue and Support

Revenue Composition

Contributions and Grants
$1,236,152
Program Service Revenue
$9,068,738
Investment Income
$1,716
Other Revenue
$0
Change in Net Assets
$-1,447,127

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,777,791
Revenue Not Reported on Financial Statements
$1,528,815
Revenue Not Reported on Form 990
$1,531,577
Other Revenue Adjustments
$1,528,815
Total Revenue per Audited Statements
$10,309,368
Total Revenue per Form 990
$10,306,606
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,455,838
Salaries, Compensation, and Employee Benefits$5,297,895
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,542,209$314,810-$3,857,019
Occupancy$2,043,364$90-$2,043,454
Fees for Services Other$764,970$18,528-$783,498
Other Employee Benefits$345,797$109,880-$455,677
Office Expenses$297,089$76,770-$373,859
Current Officers, Directors, Trustees, and Key Employees$99,984$249,635-$349,619
Pension Plan Contributions$287,581$39,990-$327,571
Payroll Taxes$273,341$34,668-$308,009
Other Expenses$315,586$239,829-$239,829
Depreciation Depletion$216,226$4,236-$220,462
Fees for Services Management-$202,946-$202,946
Fees for Services Accounting-$125,090-$125,090
Information Technology$67,932$27,852-$95,784
All Other Expenses$63,796--$63,796
Insurance-$47,122-$47,122
Payments to Affiliates$20,084$26,097-$46,181
Conferences and Meetings$29,274$6,530-$35,804
Fees for Services Legal-$16,758-$16,758
Travel$7,811--$7,811
Total Functional Expenses$10,212,902$1,540,831$0$11,753,733

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$11,753,733
Total Expenses per Audited Statements$11,490,643
Expenses per Audited Statements$10,224,914
Expenses Not Reported on Financial Statements$1,528,819
Other Expense Adjustments$1,528,819
Expenses Not Reported on Form 990$1,265,729
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability - TRA$11,854,635
Net Pension Liability - PERA$1,558,945
Compensated Absences Payable$220,587
Deferred Inflows of Resources - PER$180,761
Deferred Inflows of Resources - TRA$120,317
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“Cha Ger Yang and Choua Yang are both officers and have a family relationship.”

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

“The Form 990 is prepared by an independent accounting firm. Once the form is completed, it is given to the CEO and financial manager for review before it is signed and filed. The entire board does not review the 990 prior to being filed.”

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

“Board members are required to annually report any potential conflicts of interest that may occur. Any potential conflicts are identified and resolved.”

Form 990, Part VI, Section B, line 15

“Annual market rate analysis is used to determine appropriate compensation.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Form 990, Part VI, Section A, Line 1B

“INDEPENDENT BOARD MEMBERS Several members of the board are teachers at the school. Minnesota State Statute 124D.10 Subd. 4(g) requires the board to have at least one member that is an employee/contracted teacher.”

Filing and Contact Details

Filer

Filer Name
Prairie Seeds Academy
EIN
65-1216244
Phone
7634501388
Address
6200 W Broadway Ave N, Brooklyn Park, MN 55428

Signing Officer

Name
Ger Cha Yang
Title
CEO
Phone
7634501388
Signed
2018-02-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cha Ger Yang
Formed
2004
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
4
Employees
150
Volunteers
25

Preparer

Firm
Malloy Montague Karnowski Radosevich
Address
5353 Wayzata Blvd Suite 410, Minneapolis, MN 55416
Preparer
Thomas A Karnowski
Phone
9525450424
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“AUTHORIZER: The Academy is required to have an Authorizer to monitor its operations in order to maintain its charter. The Academy's approved Authorizer during the fiscal year 2017 was Audubon Center of the North Woods.”

Related Organization

“Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and transactions noted.”

Independent Auditor

“The financial statements are prepared by an independent accounting firm. The statements are reviewed and approved by the board before being issued. This process is the same as last year.”

Financial Statement Notes

Part X, Line 2:

“The Academy is exempt from federal and state income taxes under Internal Revenue Service Code Section 501(c)(3). The Academy is subject to tax on income from any unrelated business. The Academy and the Building Company are subject to recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) Accounting Standards Codification 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes). Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The Academy and the Building Company have analyzed tax positions taken for filing with the Internal Revenue Service and the state jurisdiction where it operates. The Academy and the Building Company believe that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse effect on the Academy and the Building Companys financial condition, results of operations, or cash flows. Accordingly, the Academy and the Building Company have not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2017.”

Part XI, Line 2D - Other Adjustments:

“Revenue reported by related party - PSA Building Company 1,531,577.”

Part XI, Line 4B - Other Adjustments:

“Rent received from related party netted in financial statements 1,528,815.”

Part XII, Line 2D - Other Adjustments:

“Expenses reported by related party - PSA Building Company 1,265,729.”

Part XII, Line 4B - Other Adjustments:

“Rent paid to related party netted in financial statements 1,528,815. Eliminate carryforward rounding 4.”

Raw XML AppendixShowing 400 of 544 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Prairie Seeds Academy (PSA) opened in the fall of 2004 focused on serving underprivileged children. Since the opening of PSA the School has grown to an enrollment of at times over 800 students serving a wide variety of students in grades K-12. The School has made significant progress closing the education achievement gap that exist in the students PSA currently serves. During the fiscal year ended June 30, 2017 Prairie Seeds Academy served an estimated 727 students.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6127123
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7122512
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/TitleTxt0Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Principal
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt01236152
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt010306606
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt027852
IRS990/InformationTechnologyGrp/ProgramServicesAmt067932
IRS990/InformationTechnologyGrp/TotalAmt095784
IRS990/InsuranceGrp/ManagementAndGeneralAmt047122
IRS990/InsuranceGrp/TotalAmt047122
IRS990/InvestmentIncomeGrp/ExclusionAmt01716
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01716
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt026
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01742646
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01296254
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01226463
IRS990/LandBldgEquipCostOrOtherBssAmt02969109
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The mission of Prairie Seeds Academy is to provide quality, relevant and multicultural education for all children. Therefore, the school will continuously promote the collaborative efforts and opportunities between children, parents, teachers, and the community.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03771259
IRS990/NetAssetsOrFundBalancesEOYAmt02324132
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt090
IRS990/OccupancyGrp/ProgramServicesAmt02043364
IRS990/OccupancyGrp/TotalAmt02043454
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt076770
IRS990/OfficeExpensesGrp/ProgramServicesAmt0297089
IRS990/OfficeExpensesGrp/TotalAmt0373859
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0707798
IRS990/OtherAssetsTotalGrp/EOYAmt08548660
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0109880
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0345797
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0455677
IRS990/OtherExpensesGrp/Desc0Pension Expense per Act
IRS990/OtherExpensesGrp/Desc1Food
IRS990/OtherExpensesGrp/Desc2Transportation
IRS990/OtherExpensesGrp/Desc3Pension Expense per Act
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0239829
IRS990/OtherExpensesGrp/ProgramServicesAmt01319970
IRS990/OtherExpensesGrp/ProgramServicesAmt1517888
IRS990/OtherExpensesGrp/ProgramServicesAmt2315586
IRS990/OtherExpensesGrp/TotalAmt01319970
IRS990/OtherExpensesGrp/TotalAmt1517888
IRS990/OtherExpensesGrp/TotalAmt2315586
IRS990/OtherExpensesGrp/TotalAmt3239829
IRS990/OtherLiabilitiesGrp/BOYAmt04399343
IRS990/OtherLiabilitiesGrp/EOYAmt013935245
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0314810
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03542209
IRS990/OtherSalariesAndWagesGrp/TotalAmt03857019
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt026097
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt020084
IRS990/PaymentsToAffiliatesGrp/TotalAmt046181
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt034668
IRS990/PayrollTaxesGrp/ProgramServicesAmt0273341
IRS990/PayrollTaxesGrp/TotalAmt0308009
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01296254
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01365455
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt039990
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0287581
IRS990/PensionPlanContributionsGrp/TotalAmt0327571
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt030419
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt044632
IRS990/PrincipalOfficerNm0Cha Ger Yang
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Federal and State Sources
IRS990/ProgramServiceRevenueGrp/Desc1Other Educational Purposes
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09019855
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt148883
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09019855
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt148883
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01294842
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt04456838
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt08816460
IRS990/PYRevenuesLessExpensesAmt0802120
IRS990/PYSalariesCompEmpBnftPaidAmt04852344
IRS990/PYTotalExpensesAmt09309182
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010111302
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1447127
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt09068738
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt031564
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0260806
IRS990ScheduleD/BuildingsGrp/DepreciationAmt045683
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0306489
IRS990ScheduleD/EquipmentGrp/BookValueAmt0709120
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01436876
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02145996
IRS990ScheduleD/ExpensesNotReportedAmt01265729
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01528819
IRS990ScheduleD/ExpensesSubtotalAmt010224914
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0256537
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0260087
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0516624
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0736498
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17810489
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21673
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources - PE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources - TR
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Due from other funds
IRS990ScheduleD/OtherExpensesIncludedAmt01265729
IRS990ScheduleD/OtherExpensesNotIncludedAmt01528819
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0220587
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11558945
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt211854635
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3180761
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4120317
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Compensated Absences Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liability - PERA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net Pension Liability - TRA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows of Resources - PER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Deferred Inflows of Resources - TRA
IRS990ScheduleD/OtherRevenueAmt01531577
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01528815
IRS990ScheduleD/RevenueNotReportedAmt01531577
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01528815
IRS990ScheduleD/RevenueSubtotalAmt08777791
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Academy is exempt from federal and state income taxes under Internal Revenue Service Code Section 501(c)(3). The Academy is subject to tax on income from any unrelated business. The Academy and the Building Company are subject to recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) Accounting Standards Codification 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes). Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The Academy and the Building Company have analyzed tax positions taken for filing with the Internal Revenue Service and the state jurisdiction where it operates. The Academy and the Building Company believe that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse effect on the Academy and the Building Companys financial condition, results of operations, or cash flows. Accordingly, the Academy and the Building Company have not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2017.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Revenue reported by related party - PSA Building Company 1,531,577.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Rent received from related party netted in financial statements 1,528,815.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Expenses reported by related party - PSA Building Company 1,265,729.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Rent paid to related party netted in financial statements 1,528,815. Eliminate carryforward rounding 4.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01226463
IRS990ScheduleD/TotalBookValueOtherAssetsAmt08548660
IRS990ScheduleD/TotalExpensesPerForm990Amt011753733
IRS990ScheduleD/TotalLiabilityAmt013935245
IRS990ScheduleD/TotalRevenuePerForm990Amt010306606
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010309368
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011490643
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Nondiscrimination policy is included in registration materials
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The Academy receives state and federal aid for the purpose of educating students.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$17,022,411
Liabilities
$14,698,279
Net assets
$2,324,132
Revenue
$10,306,606
Expenses
$11,753,733
Net income
-$1,447,127
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$12.3$9.55$2.78$14.1$13.5$0.54
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.0$9.76$2.23$13.5$13.3$0.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$9.86$2.07$14.4$13.0$1.39
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$11.4$0.68$11.1$11.9$0.72
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$11.2$1.40$10.3$9.41$0.91
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.9$14.4$0.49$10.7$12.6$1.83
2017Detailed filing. Detailed filing data is available for this year.$17.0$14.7$2.32$10.3$11.8$1.45
2017Summary only. Only limited summary data is available for this year.$17.0$14.7$2.32$10.3$11.8$1.45
2016Detailed filing. Detailed filing data is available for this year.$8.73$4.96$3.77$10.1$9.31$0.80
2015Detailed filing. Detailed filing data is available for this year.$7.72$4.75$2.97$9.54$8.27$1.26
2014Detailed filing. Detailed filing data is available for this year.$6.03$0.66$5.37$9.00$8.22$0.78
2013Summary only. Only limited summary data is available for this year.$5.04$0.45$4.59$8.46$7.98$0.48
2012Summary only. Only limited summary data is available for this year.$4.65$0.53$4.11$8.58$7.56$1.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.53$0.44$3.09$7.01