Civic Intelligence

Grace Academy of Georgetown

990 • Fiscal year 2014 • EIN 74-2873246

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 22, 2014

Organization ProfileWWW.GRACEACADEMY-GT.ORG
225 Grace Blvd78633-5628

(512) 864-9500

Siviq Scores

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

Liabilities / Assets

87th percentile

0.79x

Higher debt load relative to assets than 87% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

88th percentile

1.72x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

61st percentile

6.5%

Higher net margin than 61% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

43rd percentile

0.3%

Faster asset growth than 43% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

67th percentile

13%

Faster revenue growth than 67% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$3,694,482

Up $11,817 (+0.3%) from 2013

Net Assets

Up

$760,709

Up $111,429 (+17%) from 2013

Liabilities

Down

$2,933,773

Down $99,612 (-3.3%) from 2013

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin61st percentile

Revenue

$1,709,354

No earlier filing loaded for comparison.

Expenses

Up

$1,597,925

Up $215,409 (+16%) from 2013

Net Income

$111,429

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$10M$5.0M$0Assets 2011: $3,045,610Liabilities 2011: $2,703,670Net Assets 2011: $341,9402011Assets 2012: $3,225,858Liabilities 2012: $2,825,111Net Assets 2012: $400,7472012Assets 2013: $3,682,665Liabilities 2013: $3,033,385Net Assets 2013: $649,2802013Assets 2014: $3,694,482Liabilities 2014: $2,933,773Net Assets 2014: $760,7092014Assets 2015: $3,340,280Liabilities 2015: $2,751,552Net Assets 2015: $588,7282015Assets 2016: $3,190,167Liabilities 2016: $2,583,604Net Assets 2016: $606,5632016Assets 2017: $3,584,970Liabilities 2017: $2,800,062Net Assets 2017: $784,9082017Assets 2018: $3,796,814Liabilities 2018: $2,892,227Net Assets 2018: $904,5872018Assets 2019: $3,927,901Liabilities 2019: $2,836,155Net Assets 2019: $1,091,7462019Assets 2020: $4,096,531Liabilities 2020: $2,954,446Net Assets 2020: $1,142,0852020Assets 2021: $5,359,233Liabilities 2021: $3,240,311Net Assets 2021: $2,118,9222021Assets 2022: $6,733,319Liabilities 2022: $3,611,639Net Assets 2022: $3,121,6802022Assets 2023: $8,293,938Liabilities 2023: $4,098,813Net Assets 2023: $4,195,1252023Assets 2024: $9,723,889Liabilities 2024: $4,637,364Net Assets 2024: $5,086,5252024

Highlighted filing

2014

Assets$3,694,482
Liabilities$2,933,773
Net Assets$760,709
Open 2014 Filing

Operations Trend

Revenue Growth67th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,193,771Expenses 2011: $1,227,829Net Income 2011: -$34,0582011Expenses 2012: $1,476,7552012Expenses 2013: $1,382,5162013Revenue 2014: $1,709,354Expenses 2014: $1,597,925Net Income 2014: $111,4292014Revenue 2015: $1,757,720Expenses 2015: $1,929,701Net Income 2015: -$171,9812015Revenue 2016: $1,619,771Expenses 2016: $1,676,936Net Income 2016: -$57,1652016Revenue 2017: $2,087,002Expenses 2017: $1,908,657Net Income 2017: $178,3452017Revenue 2018: $2,212,921Expenses 2018: $2,093,242Net Income 2018: $119,6792018Revenue 2019: $2,252,888Expenses 2019: $2,065,729Net Income 2019: $187,1592019Revenue 2020: $2,141,863Expenses 2020: $2,091,524Net Income 2020: $50,3392020Revenue 2021: $3,368,181Expenses 2021: $2,391,344Net Income 2021: $976,8372021Revenue 2022: $3,840,705Expenses 2022: $2,837,947Net Income 2022: $1,002,7582022Revenue 2023: $4,130,730Expenses 2023: $3,057,285Net Income 2023: $1,073,4452023Revenue 2024: $4,371,026Expenses 2024: $3,479,626Net Income 2024: $891,4002024

Highlighted filing

2014

Revenue$1,709,354
Expenses$1,597,925
Net Income$111,429
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 22, 2014
Return Version
2013v3.1
Gross Receipts
$1,835,957
Mission and Program Overview

Mission

Elementary and secondary education grades k-12. Grace academy offers liberal arts education in the historic classical christian format focusing on grammar, logic, and rhetoric in each subject area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,825,829$1,917,851▲ $92,022
Cash and Non-Interest-Bearing Accounts$725,472$730,530▲ $5,058
Accounts Receivable$800,607$675,676▼ $124,931
Savings and Temporary Cash Investments$330,419$368,067▲ $37,648
Prepaid Expenses and Deferred Charges$338$2,358▲ $2,020
Total Assets$3,682,665$3,694,482▲ $11,817
Liabilities
Deferred Revenue$1,504,384$1,505,944▲ $1,560
Mortgage Notes Payable Secured by Investment Property$1,456,368$1,378,980▼ $77,388
Accounts Payable and Accrued Expenses$72,633$48,849▼ $23,784
Total Liabilities$3,033,385$2,933,773▼ $99,612
Net Assets / Fund Balance
Unrestricted Net Assets$606,126$677,906▲ $71,780
Temporarily Rstr Net Assets$43,154$82,803▲ $39,649
Total Net Assets Fund Balance$649,280$760,709▲ $111,429
Total Liabilities and Net Assets / Fund Balance$3,682,665$3,694,482▲ $11,817

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,336,483$601,128$1,937,611
Land$372,704-$372,704
Equipment$58,089$129,618$187,707
Other Land Buildings$150,575$10,728$161,303
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Dr Christopher PutneyChairman
Kevin NowkaVice Chairma
Greg JohnsonBoard Member
Hayden JohnsonBoard Member
Hugh BrownBoard Member
Nanci PatchBoard Member
Lacy MurphySecretary
Justin Kelley HobbsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Veritas ConstructionConstruction-$130,762
Revenue and Support

Revenue Composition

Contributions and Grants
$172,965
Program Service Revenue
$1,422,008
Investment Income
$392
Other Revenue
$113,989
All Other Contributions
$172,965
Change in Net Assets
$111,429
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,106,976
Other Expenses$490,949
Total Fundraising Expense$4,380
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$822,329$173,021-$995,350
Depreciation Depletion$113,707--$113,707
Fees for Services Other$79,736--$79,736
Payroll Taxes$61,710$12,242-$73,952
Interest-$68,843-$68,843
Occupancy-$51,317-$51,317
Other Employee Benefits$17,106$20,568-$37,674
All Other Expenses$21,676$4,325-$26,001
Insurance$1,125$9,099-$10,224
Other Expenses$6,976--$6,976
Office Expenses$6,177--$6,177
Advertising--$4,380$4,380
Total Functional Expenses$1,254,130$339,415$4,380$1,597,925
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$148,622
Fundraising Direct Expenses$126,603
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$138,169$138,169$123,389$14,780
Event 2$10,453$10,453$3,214$7,239
Total Events$148,622$148,622$126,603$22,019
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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, Page 6, Part VI, Line 11B

“The form 990 is reviewed by the finance committee prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Conflict of interest statements are completed and reviewed annually. All officers, directors or trustees, and key employees complete a questionnaire regarding conflicts of interest.”

Form 990, Page 6, Part VI, Line 15A

“Wages for all employees, including top management, are approved by vote of the board of trustees annually based on wage history, industry standards, and qualifications of the employee.”

Form 990, Page 6, Part VI, Line 15B

“Key employee compensation is set by the board. Payment activity is reconciled regularly.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request. Conflict of interest policy is posted on the organization's website. Financial statements are discussed at the annual meeting.”

Filing and Contact Details

Filer

EIN
74-2873246
Phone
5128649500

Signing Officer

Name
Justin Kelley Hobbs
Title
Treasurer
Phone
5128649500
Signed
2014-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Putney Md
Formed
1998
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
49
Volunteers
50

Preparer

Preparer
John F Lewis Ii
Phone
5128635720
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4B

“Identifying information removed from the files (e.g. Names, addresses, ethnicity, etc.) the committee functions under the school's policy prohibiting unlawful discrimination in the financial aid awarding process. The amount of assistance given in the current year was 129,467. It is included in discounts and scholarships on page 9, part viii, line 2c.”

Raw XML AppendixShowing 400 of 421 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/PayrollTaxesGrp/TotalAmt073952
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0338
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02358
IRS990/PrincipalOfficerNm0CHRISTOPHER PUTNEY MD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1DISCOUNTS
IRS990/ProgramServiceRevenueGrp/Desc2SCHOLARSHIPS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01577524
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1-26049
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2-129467
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01577524
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1-26049
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2-129467
IRS990/ProgSrvcAccomActy2Grp/Desc0FINANCIAL ASSISTANCE. THE SCHOOL SEEKS TO SUPPORT ITS OTHER PRIMARY PROGRAM SERVICES THROUGH NEED-BASED FINANCIAL ASSISTANCE TO FAMILIES. NEED IS DETERMINED USING THE ASSISTANCE OF AN OUTSIDE FINANCIAL AID ASSESSMENT COMPANY AND THEIR WIDELY-USED METHODOLOGY FOR ASSESSING FINANCIAL NEED. A FINANCIAL AID COMMITTEE REVIEWS THE ASSESSMENT FROM THE OUTSIDE COMPANY AND MAKES FINANCIAL AID AWARDS. THE COMMITTEE IS COMPRISED OF INDEPENDENT MEMBERS OF THE SCHOOL COMMUNITY WHO SERVE ON A MULTI-YEAR VOLUNTEER BASIS. COMMITTEE MEMBERS ARE INDEPENDENT OF THE FINANCIAL AID AWARDING PROCESS, BEING INELIGIBLE TO RECEIVE FINANCIAL ASSISTANCE WHILE SERVING ON THE COMMITTEE. COMMITTEE MEMBERS REMAIN UNBIASED IN THEIR ASSESSMENT AND DECISION-MAKING PROCESSES AS ALL DOCUMENTS REVIEWED BY THE COMMITTEE HAVE IDENTIFYING INFORMATION REMOVED FROM THE FILES (E.G. NAMES, ADDRESSES, ETHNICITY, ETC.) THE COMMITTEE FUNCTIONS UNDER THE SCHOOL'S POLICY PROHIBITING UNLAWFUL DISCRIMINATION IN THE FINANCIAL AID AWARDING PROCESS. THE AMOUNT OF ASSISTANCE GIVEN IN THE CURRENT YEAR WAS 129,467. IT IS INCLUDED IN DISCOUNTS AND SCHOLARSHIPS ON PAGE 9, PART VIII, LINE 2C.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0313666
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0247
IRS990/PYOtherExpensesAmt0412441
IRS990/PYOtherRevenueAmt0112026
IRS990/PYProgramServiceRevenueAmt01205110
IRS990/PYRevenuesLessExpensesAmt0248533
IRS990/PYSalariesCompEmpBnftPaidAmt0970075
IRS990/PYTotalExpensesAmt01382516
IRS990/PYTotalRevenueAmt01631049
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0111429
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01513978
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0330419
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0368067
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01336483
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0601128
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01937611
IRS990ScheduleD/EquipmentGrp/BookValueAmt058089
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0129618
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0187707
IRS990ScheduleD/LandGrp/BookValueAmt0372704
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0372704
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0150575
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010728
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0161303
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01917851
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0POLICIES OF THIS NATURE MADE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0126603
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0138169
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt010453
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0148622
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0138169
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt010453
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0148622
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0PARENT COUNCIL
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent2Amt0GOLF CLASSIC
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt022019
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0126603
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0123389
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt03214
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IDENTIFYING INFORMATION REMOVED FROM THE FILES (E.G. NAMES, ADDRESSES, ETHNICITY, ETC.) THE COMMITTEE FUNCTIONS UNDER THE SCHOOL'S POLICY PROHIBITING UNLAWFUL DISCRIMINATION IN THE FINANCIAL AID AWARDING PROCESS. THE AMOUNT OF ASSISTANCE GIVEN IN THE CURRENT YEAR WAS 129,467. IT IS INCLUDED IN DISCOUNTS AND SCHOLARSHIPS ON PAGE 9, PART VIII, LINE 2C.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST STATEMENTS ARE COMPLETED AND REVIEWED ANNUALLY. ALL OFFICERS, DIRECTORS OR TRUSTEES, AND KEY EMPLOYEES COMPLETE A QUESTIONNAIRE REGARDING CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WAGES FOR ALL EMPLOYEES, INCLUDING TOP MANAGEMENT, ARE APPROVED BY VOTE OF THE BOARD OF TRUSTEES ANNUALLY BASED ON WAGE HISTORY, INDUSTRY STANDARDS, AND QUALIFICATIONS OF THE EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4KEY EMPLOYEE COMPENSATION IS SET BY THE BOARD. PAYMENT ACTIVITY IS RECONCILED REGULARLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. CONFLICT OF INTEREST POLICY IS POSTED ON THE ORGANIZATION'S WEBSITE. FINANCIAL STATEMENTS ARE DISCUSSED AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt043154
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt082803
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03682665
IRS990/TotalAssetsEOYAmt03694482
IRS990/TotalAssetsGrp/BOYAmt03682665
IRS990/TotalAssetsGrp/EOYAmt03694482
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0172965
IRS990/TotalEmployeeCnt049
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04380
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0339415
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01254130
IRS990/TotalFunctionalExpensesGrp/TotalAmt01597925
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03033385
IRS990/TotalLiabilitiesEOYAmt02933773
IRS990/TotalLiabilitiesGrp/BOYAmt03033385
IRS990/TotalLiabilitiesGrp/EOYAmt02933773
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0649280
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0760709
IRS990/TotalProgramServiceExpensesAmt01254130
IRS990/TotalProgramServiceRevenueAmt01422008
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01514370
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01709354
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03682665
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03694482
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0606126
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0677906
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10225 GRACE BLVD
IRS990/USAddress/City0GEORGETOWN
IRS990/USAddress/State0TX
IRS990/USAddress/ZIPCode0786335628
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.GRACEACADEMY-GT.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN KELLEY HOBBS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05128649500
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-22
ReturnHeader/Filer/BusinessName/BusinessNameLine10GRACE ACADEMY OF GEORGETOWN

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,694,482
Liabilities
$2,933,773
Net assets
$760,709
Revenue
$1,709,354
Expenses
$1,597,925
Net income
$111,429
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.72$4.64$5.09$4.37$3.48$0.89
2023Detailed filing. Detailed filing data is available for this year.$8.29$4.10$4.20$4.13$3.06$1.07
2022Detailed filing. Detailed filing data is available for this year.$6.73$3.61$3.12$3.84$2.84$1.00
2021Detailed filing. Detailed filing data is available for this year.$5.36$3.24$2.12$3.37$2.39$0.98
2020Detailed filing. Detailed filing data is available for this year.$4.10$2.95$1.14$2.14$2.09$0.05
2019Detailed filing. Detailed filing data is available for this year.$3.93$2.84$1.09$2.25$2.07$0.19
2018Detailed filing. Detailed filing data is available for this year.$3.80$2.89$0.90$2.21$2.09$0.12
2017Detailed filing. Detailed filing data is available for this year.$3.58$2.80$0.78$2.09$1.91$0.18
2016Detailed filing. Detailed filing data is available for this year.$3.19$2.58$0.61$1.62$1.68$0.06
2015Detailed filing. Detailed filing data is available for this year.$3.34$2.75$0.59$1.76$1.93$0.17
2014Detailed filing. Detailed filing data is available for this year.$3.69$2.93$0.76$1.71$1.60$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.68$3.03$0.65$1.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.23$2.83$0.40$1.48
2011Summary only. Only limited summary data is available for this year.$3.05$2.70$0.34$1.19$1.23$0.03