Civic Intelligence

East Waco Innovative School Development Inc.

990 • Fiscal year 2015 • EIN 74-2798827

Sep 01, 2014 to Aug 31, 2015 • Filed on Apr 11, 2016

1020 Elm StreetWaco, TX 76704

(254) 754-8000

Siviq Scores

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

Liabilities / Assets

51st percentile

0.25x

Higher debt load relative to assets than 51% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

67th percentile

0.51x

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

65th percentile

8.2%

Higher net margin than 65% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$86,418

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

96th percentile

72%

Faster asset growth than 96% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

70th percentile

12%

Faster revenue growth than 70% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$14,848,168

Up $6,210,109 (+72%) from 2014

Net Assets

Up

$11,188,335

Up $4,646,437 (+71%) from 2014

Liabilities

Up

$3,659,833

Up $1,563,672 (+75%) from 2014

Revenue

Up

$7,169,250

Up $762,784 (+12%) from 2014

Expenses

Up

$6,583,602

Up $941,979 (+17%) from 2014

Net Income

Down

$585,648

Down $179,195 (-23%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $5,333,202Liabilities 2011: $470,365Net Assets 2011: $4,862,8372011Assets 2012: $6,337,629Liabilities 2012: $980,769Net Assets 2012: $5,356,8602012Assets 2013: $7,307,575Liabilities 2013: $1,530,520Net Assets 2013: $5,777,0552013Assets 2014: $8,638,059Liabilities 2014: $2,096,161Net Assets 2014: $6,541,8982014Assets 2015: $14,848,168Liabilities 2015: $3,659,833Net Assets 2015: $11,188,3352015Assets 2016: $14,096,175Liabilities 2016: $2,558,891Net Assets 2016: $11,537,2842016Assets 2017: $13,771,910Liabilities 2017: $2,511,035Net Assets 2017: $11,260,8752017Assets 2018: $13,423,664Liabilities 2018: $2,332,865Net Assets 2018: $11,090,7992018Assets 2019: $13,392,002Liabilities 2019: $2,323,396Net Assets 2019: $11,068,6062019Assets 2020: $12,013,113Liabilities 2020: $1,760,590Net Assets 2020: $10,252,5232020Assets 2021: $12,148,117Liabilities 2021: $1,996,179Net Assets 2021: $10,151,9382021Assets 2022: $11,327,849Liabilities 2022: $2,049,001Net Assets 2022: $9,278,8482022Assets 2023: $12,715,770Liabilities 2023: $2,179,299Net Assets 2023: $10,536,4712023Assets 2024: $14,561,324Liabilities 2024: $4,380,213Net Assets 2024: $10,181,1112024

Highlighted filing

2015

Assets$14,848,168
Liabilities$3,659,833
Net Assets$11,188,335

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $4,497,241Expenses 2011: $4,157,311Net Income 2011: $339,9302011Revenue 2012: $4,298,033Expenses 2012: $3,804,010Net Income 2012: $494,0232012Revenue 2013: $5,014,164Expenses 2013: $4,602,494Net Income 2013: $411,6702013Revenue 2014: $6,406,466Expenses 2014: $5,641,623Net Income 2014: $764,8432014Revenue 2015: $7,169,250Expenses 2015: $6,583,602Net Income 2015: $585,6482015Revenue 2016: $8,051,849Expenses 2016: $7,191,408Net Income 2016: $860,4412016Revenue 2017: $7,861,339Expenses 2017: $7,644,417Net Income 2017: $216,9222017Revenue 2018: $8,163,805Expenses 2018: $8,356,952Net Income 2018: -$193,1472018Revenue 2019: $8,922,775Expenses 2019: $8,921,926Net Income 2019: $8492019Revenue 2020: $8,691,225Expenses 2020: $9,557,990Net Income 2020: -$866,7652020Revenue 2021: $10,991,700Expenses 2021: $11,204,991Net Income 2021: -$213,2912021Revenue 2022: $11,583,492Expenses 2022: $12,328,854Net Income 2022: -$745,3622022Revenue 2023: $12,817,595Expenses 2023: $13,424,191Net Income 2023: -$606,5962023Revenue 2024: $12,949,421Expenses 2024: $13,412,330Net Income 2024: -$462,9092024

Highlighted filing

2015

Revenue$7,169,250
Expenses$6,583,602
Net Income$585,648
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Apr 11, 2016
Return Version
2014v6.0
Gross Receipts
$7,169,250
Mission and Program Overview

Mission

Rapoport academy focuses on serving economically disadvantaged students by providing an exceptional education that prepares all students for college, career, and life.

An open enrollment public charter school functioning as a public education institution.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,758,657$7,610,949▲ $1,852,292
Pledges and Grants Receivable$554,743$4,622,247▲ $4,067,504
Cash and Non-Interest-Bearing Accounts$1,837,529$2,012,704▲ $175,175
Investments in Publicly Traded Securities$458,770$546,103▲ $87,333
Total Assets$8,638,059$14,848,168▲ $6,210,109
Other Assets Total$28,360$56,165▲ $27,805
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,579,226$3,025,585▲ $1,446,359
Other Liabilities$364,405$465,022▲ $100,617
Accounts Payable and Accrued Expenses$152,530$169,226▲ $16,696
Total Liabilities$2,096,161$3,659,833▲ $1,563,672
Net Assets / Fund Balance
Unrestricted Net Assets$5,815,793$5,883,665▲ $67,872
Temporarily Rstr Net Assets$726,105$5,304,670▲ $4,578,565
Total Net Assets Fund Balance$6,541,898$11,188,335▲ $4,646,437
Total Liabilities and Net Assets / Fund Balance$8,638,059$14,848,168▲ $6,210,109

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,338,501$1,745,476$9,083,977
Equipment$163,246$223,848$387,094
Other Land Buildings$61,492$107,552$169,044
Land$47,710-$47,710

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$581,516-▼ $29,413-$549,603
2013$533,997-▲ $47,519-$581,516
2012$496,763$11,016▲ $26,218-$533,997
2011$485,025-▲ $11,738-$496,763
2010$475,379$24,632▼ $14,986-$485,025
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew Polk PhdSuperintendentFT$83,718$2,700$86,418
Alexis Neumann PhdCOOFT$76,760$2,700$79,460
April StricklandCFOFT$72,720-$72,720
Donna MurphyBoard MemberFT$33,516$2,700$36,216

Board Members and Trustees

NameTitle
Rhett DawsonPresident
Kevin WilsonVice President
Amber BernardBoard Member
Jeff BurchfieldBoard Member
Lance KelleyBoard Member
Rob CervantesBoard Member
Sharron WardBoard Member
Steven Slaughter EddBoard Member
Barbara Purdum-cassidy EddSecretary
Chris DecluittTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Tom Lupfer & Co LLCConstruction Mgmt2000 W LOOP 340 STE 307, Waco, TX 76712$115,000
Revenue and Support

Revenue Composition

Contributions and Grants
$6,946,166
Program Service Revenue
$213,088
Investment Income
$9,996
Other Revenue
$0
All Other Contributions
$211,314
Change in Net Assets
$585,648

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,169,250
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-32,473
Total Revenue per Audited Statements
$7,136,777
Total Revenue per Form 990
$7,169,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,691,368
Other Expenses$1,892,234
Total Fundraising Expense$19,586
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,018,322$124,932$19,322$4,162,576
Office Expenses$373,775$5,112-$378,887
Occupancy$308,998--$308,998
Depreciation Depletion$303,906--$303,906
Current Officers, Directors, Trustees, and Key Employees-$191,045-$191,045
Fees for Services Other$163,201$2,003-$165,204
Pension Plan Contributions$141,102$6,983-$148,085
Other Employee Benefits$126,173$5,647-$131,820
Interest$83,526--$83,526
Insurance$68,828--$68,828
Payroll Taxes$53,636$3,942$264$57,842
Travel$31,750$7,275-$39,025
Fees for Services Accounting-$32,347-$32,347
Fees for Services Legal-$12,113-$12,113
Other Expenses$2,775$5,493-$8,268
All Other Expenses$4,995--$4,995
Total Functional Expenses$6,123,974$440,042$19,586$6,583,602

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,100,646
Expenses per Audited Statements$6,583,602
Total Expenses per Form 990$6,583,602
Expenses Not Reported on Form 990$517,044
Expenses Not Reported on Financial Statements$0
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
Accrued Wages Payable$431,873
Due to Other$33,149
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The cfo reviews the form 990 after it has been prepared and then forwards it to the board for review.

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

The board of directors are required to disclose annually any conflicts of interest.

Form 990, Part VI, Section B, Line 15

The board of directors reviews the salary of the superintendent and key employees annually. Comparability studies are performed by a committee to determine an appropriate salary for these employees.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are available to the public when a written request is received by the administration and board of directors.

Filing and Contact Details

Filer

Filer Name
East Waco Innovative School Develop Inc
EIN
74-2798827
Phone
2547548000
Address
1020 ELM STREET, WACO, TX 76704

Signing Officer

Name
Kevin Wilson
Title
President
Phone
2547548000
Signed
2016-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Wilson
Formed
1997
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
9
Employees
169
Volunteers
0

Preparer

Firm
Weaver and Tidwell Llp
Address
12221 MERIT DRIVE SUITE 1400, DALLAS, TX 75251
Preparer
Ira L Nevelow
Phone
9724901970
Supplemental Narrative

Additional Explanations

Audit Oversight

No change has been made to the oversight or selection process of the independent accountants who perform the audit.

Financial Statement Notes

PART V, LINE 4:

To fund future operations from the investment income or use principal for emergency situations.

PART X, LINE 2:

The organization has been recognized by the internal revenue service as a nonprofit corporation exempt from federal income tax on its income, under section 501(c)(3) of the internal revenue code. The organization follows the provisions of asc 740-10, income taxes, related to unrecognized tax positions. The organization recognizes the tax benefits from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by the taxing authorities, based on the technical merits of the positions. The tax benefits recognized in the financial statements from such positions are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The organization does not believe there are any material uncertain tax positions and accordingly, it will not recognize any liability for unrecognized tax benefits. For the year ended august 31, 2015, there were no interest or penalties recorded or included in the financial statements. The school is relying on its tax-exempt status and its adherence to all applicable laws and regulations to preserve that status. However, the conclusions regarding accounting for uncertainty in income taxes will be subject to review and may be adjusted at a later date based on factors including, but not limited to, ongoing analysis of tax laws, regulations, and interpretations thereof. The organization's informational returns are generally subject to examination for five years after the later of the due date or date of filing. As a result, the organization is no longer subject to income tax examinations by tax authorities for years prior to 2010.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt12COO
IRS990/Form990PartVIISectionAGrp/TitleTxt13CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt06734852
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07169250
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt068828
IRS990/InsuranceGrp/TotalAmt068828
IRS990/InterestGrp/ProgramServicesAmt083526
IRS990/InterestGrp/TotalAmt083526
IRS990/InvestmentIncomeGrp/ExclusionAmt09996
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09996
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0458770
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0546103
IRS990/IRPDocumentCnt044
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02076876
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05758657
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07610949
IRS990/LandBldgEquipCostOrOtherBssAmt09687825
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0AN OPEN ENROLLMENT PUBLIC CHARTER SCHOOL FUNCTIONING AS A PUBLIC EDUCATION INSTITUTION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01579226
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03025585
IRS990/NetAssetsOrFundBalancesBOYAmt06541898
IRS990/NetAssetsOrFundBalancesEOYAmt011188335
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-32473
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0308998
IRS990/OccupancyGrp/TotalAmt0308998
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05112
IRS990/OfficeExpensesGrp/ProgramServicesAmt0373775
IRS990/OfficeExpensesGrp/TotalAmt0378887
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt028360
IRS990/OtherAssetsTotalGrp/EOYAmt056165
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05647
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0126173
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0131820
IRS990/OtherExpensesGrp/Desc0FOOD PROGRAM
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2TEXTBOOKS/TEST MATERIAL
IRS990/OtherExpensesGrp/Desc3DUES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt043150
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15493
IRS990/OtherExpensesGrp/ProgramServicesAmt0310224
IRS990/OtherExpensesGrp/ProgramServicesAmt147977
IRS990/OtherExpensesGrp/ProgramServicesAmt284786
IRS990/OtherExpensesGrp/ProgramServicesAmt32775
IRS990/OtherExpensesGrp/TotalAmt0310224
IRS990/OtherExpensesGrp/TotalAmt191127
IRS990/OtherExpensesGrp/TotalAmt284786
IRS990/OtherExpensesGrp/TotalAmt38268
IRS990/OtherLiabilitiesGrp/BOYAmt0364405
IRS990/OtherLiabilitiesGrp/EOYAmt0465022
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt019322
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0124932
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04018322
IRS990/OtherSalariesAndWagesGrp/TotalAmt04162576
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0264
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03942
IRS990/PayrollTaxesGrp/ProgramServicesAmt053636
IRS990/PayrollTaxesGrp/TotalAmt057842
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06983
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0141102
IRS990/PensionPlanContributionsGrp/TotalAmt0148085
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0554743
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt04622247
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KEVIN WILSON
IRS990/PriorPeriodAdjustmentsAmt04093262
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/BusinessCd3611110
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICE
IRS990/ProgramServiceRevenueGrp/Desc1PRE-K TUITION
IRS990/ProgramServiceRevenueGrp/Desc2AFTER SCHOOL CARE
IRS990/ProgramServiceRevenueGrp/Desc3UNIFORMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt082585
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt164420
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt262690
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33393
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt082585
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt164420
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt262690
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33393
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06393232
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt013234
IRS990/PYOtherExpensesAmt01557257
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0764843
IRS990/PYSalariesCompEmpBnftPaidAmt04084366
IRS990/PYTotalExpensesAmt05641623
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06406466
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0585648
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0213088
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt07338501
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01745476
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09083977
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0581516
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0549603
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt02500
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-29413
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0533997
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0581516
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt047519
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0496763
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt011016
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0533997
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt026218
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0485025
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0496763
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt011738
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0475379
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt024632
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0485025
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-14986
IRS990ScheduleD/DonatedServicesUseFcltsAmt0517044
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0163246
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0223848
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0387094
IRS990ScheduleD/ExpensesNotReportedAmt0517044
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06583602
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt047710
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt047710
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-32473
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt061492
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0107552
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0169044
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0431873
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt133149
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED WAGES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO OTHER
IRS990ScheduleD/RevenueNotReportedAmt0-32473
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07169250
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO FUND FUTURE OPERATIONS FROM THE INVESTMENT INCOME OR USE PRINCIPAL FOR EMERGENCY SITUATIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NONPROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX ON ITS INCOME, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION FOLLOWS THE PROVISIONS OF ASC 740-10, INCOME TAXES, RELATED TO UNRECOGNIZED TAX POSITIONS. THE ORGANIZATION RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITIONS ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. FOR THE YEAR ENDED AUGUST 31, 2015, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. THE SCHOOL IS RELYING ON ITS TAX-EXEMPT STATUS AND ITS ADHERENCE TO ALL APPLICABLE LAWS AND REGULATIONS TO PRESERVE THAT STATUS. HOWEVER, THE CONCLUSIONS REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WILL BE SUBJECT TO REVIEW AND MAY BE ADJUSTED AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF. THE ORGANIZATION'S INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO EXAMINATION FOR FIVE YEARS AFTER THE LATER OF THE DUE DATE OR DATE OF FILING. AS A RESULT, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2010.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07610949
IRS990ScheduleD/TotalExpensesPerForm990Amt06583602
IRS990ScheduleD/TotalLiabilityAmt0465022
IRS990ScheduleD/TotalRevenuePerForm990Amt07169250
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07136777
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07100646
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.6$4.38$10.2$12.9$13.4$0.46
2023Detailed filing. Detailed filing data is available for this year.$12.7$2.18$10.5$12.8$13.4$0.61
2022Detailed filing. Detailed filing data is available for this year.$11.3$2.05$9.28$11.6$12.3$0.75
2021Detailed filing. Detailed filing data is available for this year.$12.1$2.00$10.2$11.0$11.2$0.21
2020Detailed filing. Detailed filing data is available for this year.$12.0$1.76$10.3$8.69$9.56$0.87
2019Detailed filing. Detailed filing data is available for this year.$13.4$2.32$11.1$8.92$8.92$0.00
2018Detailed filing. Detailed filing data is available for this year.$13.4$2.33$11.1$8.16$8.36$0.19
2017Detailed filing. Detailed filing data is available for this year.$13.8$2.51$11.3$7.86$7.64$0.22
2016Detailed filing. Detailed filing data is available for this year.$14.1$2.56$11.5$8.05$7.19$0.86
2015Detailed filing. Detailed filing data is available for this year.$14.8$3.66$11.2$7.17$6.58$0.59
2014Detailed filing. Detailed filing data is available for this year.$8.64$2.10$6.54$6.41$5.64$0.76
2013Summary only. Only limited summary data is available for this year.$7.31$1.53$5.78$5.01$4.60$0.41
2012Summary only. Only limited summary data is available for this year.$6.34$0.98$5.36$4.30$3.80$0.49
2011Summary only. Only limited summary data is available for this year.$5.33$0.47$4.86$4.50$4.16$0.34
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $10M-$25M nonprofits