Civic Intelligence

East Waco Innovative School Development Inc.

990 • Fiscal year 2017 • EIN 74-2798827

Sep 01, 2016 to Aug 31, 2017 • Filed on Jul 09, 2018

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

47th percentile

0.18x

Higher debt load relative to assets than 47% of similar nonprofits.

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

Liabilities / Revenue

58th percentile

0.32x

Higher debt load relative to revenue than 58% of similar nonprofits.

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

Net Margin

50th percentile

2.8%

Higher net margin than 50% of similar nonprofits.

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

Top Officer Pay

22nd percentile

$100,872

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

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

Asset Growth

22nd percentile

-2.3%

Faster asset growth than 22% of similar nonprofits.

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

Revenue Growth

28th percentile

-2.4%

Faster revenue growth than 28% of similar nonprofits.

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

Assets

Down

$13,771,910

Down $324,265 (-2.3%) from 2016

Net Assets

Down

$11,260,875

Down $276,409 (-2.4%) from 2016

Liabilities

Down

$2,511,035

Down $47,856 (-1.9%) from 2016

Revenue

Down

$7,861,339

Down $190,510 (-2.4%) from 2016

Expenses

Up

$7,644,417

Up $453,009 (+6.3%) from 2016

Net Income

Down

$216,922

Down $643,519 (-75%) from 2016

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

2017

Assets$13,771,910
Liabilities$2,511,035
Net Assets$11,260,875

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

2017

Revenue$7,861,339
Expenses$7,644,417
Net Income$216,922
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jul 9, 2018
Return Version
2016v3.0
Gross Receipts
$7,861,339
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,665,635$7,427,612▼ $238,023
Pledges and Grants Receivable$4,042,723$3,792,111▼ $250,612
Savings and Temporary Cash Investments$1,087,984$1,583,400▲ $495,416
Investments in Publicly Traded Securities$524,725$570,075▲ $45,350
Cash and Non-Interest-Bearing Accounts$732,956$365,927▼ $367,029
Total Assets$14,096,175$13,771,910▼ $324,265
Other Assets Total$42,152$32,785▼ $9,367
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,948,199$1,803,534▼ $144,665
Accounts Payable and Accrued Expenses$563,766$648,076▲ $84,310
Other Liabilities$46,926$59,425▲ $12,499
Total Liabilities$2,558,891$2,511,035▼ $47,856
Net Assets / Fund Balance
Unrestricted Net Assets$7,005,104$7,525,210▲ $520,106
Temporarily Rstr Net Assets$4,532,180$3,735,665▼ $796,515
Total Net Assets Fund Balance$11,537,284$11,260,875▼ $276,409
Total Liabilities and Net Assets / Fund Balance$14,096,175$13,771,910▼ $324,265

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,194,438$2,581,854$9,776,292
Equipment$120,978$175,082$296,060
Other Land Buildings$64,486$150,746$215,232
Land$47,710-$47,710

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$543,144-▲ $26,931-$570,075
2015$549,603-▼ $6,459-$543,144
2014$581,516-▼ $29,413-$549,603
2013$533,997-▲ $47,519-$581,516
2012$496,763$11,016▲ $26,218-$533,997
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alexis Neumann PhdSuperintendentFT$89,944$10,928$100,872
April StricklandCFOFT$77,469$6,281$83,750
Stephanie SchattschneiderBoard MemberFT$33,961$6,285$40,246

Board Members and Trustees

NameTitle
Kevin WilsonImmediate Past President
Rhett DawsonPresident
Lance Kelley PhdVice President
Alexandra HowardBoard Member
Audrey BablesBoard Member
Billie FarleyBoard Member
Jessica GudinoBoard Member
Jon LamarBoard Member
Josh TetensBoard Member
Steven Slaughter EddBoard Member
Chris DecluittImmediate Past Treasurer
Barbara Purdum-cassidy EddSecretary
Victor SalasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,655,216
Program Service Revenue
$193,889
Investment Income
$12,234
Other Revenue
$0
All Other Contributions
$62,192
Change in Net Assets
$216,922

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,861,339
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$23,713
Total Revenue per Audited Statements
$7,885,052
Total Revenue per Form 990
$7,861,339
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,502,662
Other Expenses$2,141,755
Total Fundraising Expense$39,674
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,688,423$169,204$38,477$4,896,104
Depreciation Depletion$487,547--$487,547
Occupancy$446,088--$446,088
Fees for Services Other$273,330$3,070-$276,400
Other Employee Benefits$206,901$3,725$41$210,667
Current Officers, Directors, Trustees, and Key Employees$26,509$150,218-$176,727
Pension Plan Contributions$143,411$5,776$584$149,771
Office Expenses$109,931$639-$110,570
Insurance$85,465--$85,465
Payroll Taxes$64,383$4,438$572$69,393
Interest$63,000--$63,000
Other Expenses$47,769$71,885-$47,769
Travel$33,380$11,041-$44,421
Fees for Services Accounting-$32,650-$32,650
Fees for Services Legal-$24,533-$24,533
All Other Expenses$2,655$7,555-$10,210
Total Functional Expenses$7,120,009$484,734$39,674$7,644,417

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,161,461
Expenses per Audited Statements$7,644,417
Total Expenses per Form 990$7,644,417
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
Due to Other$59,425
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 11B

The cfo and superintendent review the completed form 990. Once they have determined the information to be accurate, the board of directors are given a copy of the completed return for their review.

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

All employees and board members are required to complete an annual conflict of interest statement disclosing any potential conflicts.

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
Doing Business As
Rapoport Academy Public School

Signing Officer

Name
Rhett Dawson
Title
Board President
Phone
2547548000
Signed
2018-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Josh Tetens
Formed
1997
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
177
Volunteers
65

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

There has been no change to either the oversight process for the financial statements or the 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 years ended august 31, 2017 and 2016, 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 2014.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12IMMEDIATE PAST TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt14SUPERINTENDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15CFO
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0RAPOPORT ACADEMY FOCUSES ON SERVING ECONOMICALLY DISADVANTAGED STUDENTS BY PROVIDING AN EXCEPTIONAL EDUCATION THAT PREPARES ALL STUDENTS FOR COLLEGE, CAREER, AND LIFE.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt023713
IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/TotalAmt0446088
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0639
IRS990/OfficeExpensesGrp/ProgramServicesAmt0109931
IRS990/OfficeExpensesGrp/TotalAmt0110570
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt042152
IRS990/OtherAssetsTotalGrp/EOYAmt032785
IRS990/OtherChangesInNetAssetsAmt00
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0206901
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0210667
IRS990/OtherExpensesGrp/Desc0FOOD PROGRAM
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2TEXTBOOKS/TEST MATERIAL
IRS990/OtherExpensesGrp/Desc3STUDENT TUITION
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IRS990/OtherExpensesGrp/ProgramServicesAmt0274454
IRS990/OtherExpensesGrp/ProgramServicesAmt1108784
IRS990/OtherExpensesGrp/ProgramServicesAmt257979
IRS990/OtherExpensesGrp/ProgramServicesAmt347769
IRS990/OtherExpensesGrp/TotalAmt0274454
IRS990/OtherExpensesGrp/TotalAmt1180669
IRS990/OtherExpensesGrp/TotalAmt257979
IRS990/OtherExpensesGrp/TotalAmt347769
IRS990/OtherLiabilitiesGrp/BOYAmt046926
IRS990/OtherLiabilitiesGrp/EOYAmt059425
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt038477
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0169204
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04688423
IRS990/OtherSalariesAndWagesGrp/TotalAmt04896104
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0572
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04438
IRS990/PayrollTaxesGrp/ProgramServicesAmt064383
IRS990/PayrollTaxesGrp/TotalAmt069393
IRS990/PensionPlanContributionsGrp/FundraisingAmt0584
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05776
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0143411
IRS990/PensionPlanContributionsGrp/TotalAmt0149771
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04042723
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03792111
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOSH TETENS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/BusinessCd3611110
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICE
IRS990/ProgramServiceRevenueGrp/Desc1AFTER SCHOOL CARE
IRS990/ProgramServiceRevenueGrp/Desc2PRE-K TUITION
IRS990/ProgramServiceRevenueGrp/Desc3OTHER PROGRAM REVENUE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt172388
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt223215
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt325
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt098261
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt172388
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt223215
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt325
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07845090
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt013505
IRS990/PYOtherExpensesAmt02227993
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0193254
IRS990/PYRevenuesLessExpensesAmt0860441
IRS990/PYSalariesCompEmpBnftPaidAmt04963415
IRS990/PYTotalExpensesAmt07191408
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08051849
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0216922
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0193889
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01087984
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01583400
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt07194438
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02581854
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09776292
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0543144
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0570075
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt026931
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0549603
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0543144
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-6459
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0581516
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0549603
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt02500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-29413
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0533997
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0581516
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt047519
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0496763
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt011016
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0533997
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt026218
IRS990ScheduleD/DonatedServicesUseFcltsAmt0517044
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0120978
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0175082
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0296060
IRS990ScheduleD/ExpensesNotReportedAmt0517044
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07644417
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt047710
IRS990ScheduleD/NetUnrealizedGainsInvstAmt023713
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt064486
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0150746
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0215232
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt059425
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO OTHER
IRS990ScheduleD/RevenueNotReportedAmt023713
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07861339
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 YEARS ENDED AUGUST 31, 2017 AND 2016, 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 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:

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