Civic Intelligence

Priority Systems Tactile Oral Visual Alternative Systems

990 • Fiscal year 2014 • EIN 74-2886638

Sep 01, 2013 to Aug 31, 2014 • Filed on Apr 01, 2015

Organization ProfileWWW.PRIORITYCHARTER.ORG
275 Fm 248376513-5547

(254) 654-2825

Siviq Scores

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

Liabilities / Assets

55th percentile

0.24x

Higher debt load relative to assets than 55% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

51st percentile

0.20x

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

81st percentile

23%

Higher net margin than 81% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

36th percentile

$89,736

Higher top officer pay than 36% of similar nonprofits.

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

94th percentile

55%

Faster asset growth than 94% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

91st percentile

62%

Faster revenue growth than 91% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$5,537,180

Up $1,971,820 (+55%) from 2013

Net Assets

Up

$4,192,589

Up $1,583,624 (+61%) from 2013

Liabilities

Up

$1,344,591

Up $388,196 (+41%) from 2013

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin81st percentile

Revenue

$6,870,062

No earlier filing loaded for comparison.

Expenses

Up

$5,286,438

Up $2,274,102 (+75%) from 2013

Net Income

$1,583,624

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$15M$10M$5.0M$0Assets 2011: $2,502,186Liabilities 2011: $691,626Net Assets 2011: $1,810,5602011Assets 2012: $2,933,272Liabilities 2012: $637,513Net Assets 2012: $2,295,7592012Assets 2013: $3,565,360Liabilities 2013: $956,395Net Assets 2013: $2,608,9652013Assets 2014: $5,537,180Liabilities 2014: $1,344,591Net Assets 2014: $4,192,5892014Assets 2015: $10,246,152Liabilities 2015: $3,903,691Net Assets 2015: $6,342,4612015Assets 2016: $11,882,813Liabilities 2016: $3,994,293Net Assets 2016: $7,888,5202016Assets 2017: $11,673,586Liabilities 2017: $3,599,470Net Assets 2017: $8,074,1162017Assets 2018: $11,141,806Liabilities 2018: $3,621,159Net Assets 2018: $7,520,6472018Assets 2019: $9,477,632Liabilities 2019: $2,864,881Net Assets 2019: $6,612,7512019Assets 2020: $7,960,574Liabilities 2020: $2,821,507Net Assets 2020: $5,139,0672020Assets 2021: $7,998,137Liabilities 2021: $2,001,458Net Assets 2021: $5,996,6792021Assets 2022: $7,897,888Liabilities 2022: $1,688,504Net Assets 2022: $6,209,3842022Assets 2023: $7,159,981Liabilities 2023: $150,099Net Assets 2023: $7,009,8822023Assets 2024: $6,662,848Liabilities 2024: $101,817Net Assets 2024: $6,561,0312024

Highlighted filing

2014

Assets$5,537,180
Liabilities$1,344,591
Net Assets$4,192,589
Open 2014 Filing

Operations Trend

Revenue Growth91st percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $1,629,310Expenses 2011: $1,283,634Net Income 2011: $345,6762011Expenses 2012: $1,653,8612012Expenses 2013: $3,012,3362013Revenue 2014: $6,870,062Expenses 2014: $5,286,438Net Income 2014: $1,583,6242014Revenue 2015: $8,034,369Expenses 2015: $5,884,497Net Income 2015: $2,149,8722015Revenue 2016: $8,486,346Expenses 2016: $6,940,287Net Income 2016: $1,546,0592016Revenue 2017: $7,817,056Expenses 2017: $7,671,997Net Income 2017: $145,0592017Revenue 2018: $8,668,808Expenses 2018: $9,222,277Net Income 2018: -$553,4692018Revenue 2019: $8,951,207Expenses 2019: $9,859,103Net Income 2019: -$907,8962019Revenue 2020: $8,184,175Expenses 2020: $9,657,859Net Income 2020: -$1,473,6842020Revenue 2021: $10,508,432Expenses 2021: $9,441,659Net Income 2021: $1,066,7732021Revenue 2022: $10,026,336Expenses 2022: $9,813,631Net Income 2022: $212,7052022Revenue 2023: $11,070,919Expenses 2023: $10,270,421Net Income 2023: $800,4982023Revenue 2024: $8,000,870Expenses 2024: $8,492,209Net Income 2024: -$491,3392024

Highlighted filing

2014

Revenue$6,870,062
Expenses$5,286,438
Net Income$1,583,624
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Apr 1, 2015
Return Version
2013v4.0
Gross Receipts
$6,870,062
Mission and Program Overview

Mission

Priority systems, inc. (the school) is governed by a board of directors comprised of five members. The school was incorporated in 1998 and provides an alternative learning environment for students. The school operates under an open enrollment charter granted by the state of texas board of education. This charter was issued for a period of five years starting october 1998 and is subject to review and renewal periodically. The school's charter was extended until july 31, 2025. The school is part of the public-school system of the state of texas and is therefore entitled to distribution from the state's available school fund. The school does not have the authority to impose ad valorem taxes or to charge tuition.

Operations of schools for the education of students using individualized curriculum

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,029,352$3,211,927▲ $1,182,575
Cash and Non-Interest-Bearing Accounts$1,460,196$1,819,413▲ $359,217
Investments in Publicly Traded Securities-$417,405-
Accounts Receivable$72,962$85,585▲ $12,623
Total Assets$3,565,360$5,537,180▲ $1,971,820
Other Assets Total$2,850$2,850→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$533,743$1,159,186▲ $625,443
Accounts Payable and Accrued Expenses$422,652$185,405▼ $237,247
Total Liabilities$956,395$1,344,591▲ $388,196
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,608,965$4,192,589▲ $1,583,624
Total Net Assets Fund Balance$2,608,965$4,192,589▲ $1,583,624
Total Liabilities and Net Assets / Fund Balance$3,565,360$5,537,180▲ $1,971,820

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,653,401$224,898$2,878,299
Equipment$197,049$143,799$340,848
Land$280,492-$280,492
Other Land Buildings$80,985$44,029$125,014
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Nick FarleyCEOFT$89,736$89,736

Board Members and Trustees

NameTitle
Billy M CoffeyMember
Paul L GonzalesMember
Vc HartMember
Laurie DeaverSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$438,851
Program Service Revenue
$6,416,801
Investment Income
$14,410
Other Revenue
$0
All Other Contributions
$1,296
Change in Net Assets
$1,583,624

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,870,062
Total Revenue per Audited Statements
$6,870,062
Total Revenue per Form 990
$6,870,062
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,335,066
Other Expenses$1,951,372
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,657,161$236,819-$2,893,980
Occupancy$553,414$34,200-$587,614
Other Employee Benefits$357,664$19,129-$376,793
Fees for Services Management$150,590$31,726-$182,316
Depreciation Depletion$102,646--$102,646
Other Expenses$98,696$4,630-$98,696
Insurance$24,766$48,391-$73,157
Payroll Taxes$59,582$4,711-$64,293
Interest$38,567--$38,567
Fees for Services Accounting-$27,950-$27,950
Fees for Services Legal-$7,585-$7,585
Total Functional Expenses$4,871,297$415,141$0$5,286,438

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,286,438
Total Expenses per Audited Statements$5,286,438
Total Expenses per Form 990$5,286,438
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
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 approved at a board of directors meeting prior to its filing.”

Form 990, Page 6, Part VI, Line 19

“The governing documents, conflict of interest policy, financial statements and form 990 are available upon request.”

Filing and Contact Details

Filer

EIN
74-2886638
Phone
2546542825

Signing Officer

Name
Nick Farley
Title
CEO
Phone
2546542825
Signed
2015-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nick Farley
Formed
1998
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
120
Volunteers
154

Preparer

Preparer
Gregory S Delk
Phone
4696753072
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Parent teacher association volunteers no benefits other than intangible”

Raw XML Appendix353 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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IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NEWSPAPER ADVERTISEMENTS, ANNOUNCEMENTS, POLICY STATEMENT IN HANDBOOK
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION OPERATES CHARTER SCHOOLS IN TEMPLE, GEORGETOWN, KILLEEN, COPPERAS COVE AND LEANDER TEXAS AND AS SUCH RECEIVES REVENUE FROM THE TEXAS EDUCATION AGENCY AND RELATED STATE AND FEDERAL AGENCIES AS ENTITLEMENTS AND GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PARENT TEACHER ASSOCIATION VOLUNTEERS NO BENEFITS OTHER THAN INTANGIBLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS APPROVED AT A BOARD OF DIRECTORS MEETING PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt02608965
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04192589
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0438851
IRS990/TotalEmployeeCnt0120
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0415141
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04871297
IRS990/TotalFunctionalExpensesGrp/TotalAmt05286438
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0956395
IRS990/TotalLiabilitiesEOYAmt01344591
IRS990/TotalLiabilitiesGrp/BOYAmt0956395
IRS990/TotalLiabilitiesGrp/EOYAmt01344591
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02608965
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04192589
IRS990/TotalProgramServiceExpensesAmt04871297
IRS990/TotalProgramServiceRevenueAmt06416801
IRS990/TotalReportableCompFromOrgAmt089736
IRS990/TotalRevenueGrp/ExclusionAmt014410
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06416801
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06870062
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05537180
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/City0MORGANS POINT
IRS990/USAddress/State0TX
IRS990/USAddress/ZIPCode0765135547
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.PRIORITYCHARTER.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NICK FARLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02546542825
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-01
ReturnHeader/Filer/BusinessName/BusinessNameLine10PRIORITY SYSTEMS INC
ReturnHeader/Filer/BusinessNameControlTxt0PRIO
ReturnHeader/Filer/EIN0742886638
ReturnHeader/Filer/PhoneNum02546542825
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ReturnHeader/Filer/USAddress/State0TX
ReturnHeader/Filer/USAddress/ZIPCode0765135547
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752835768
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10GREGORY S DELK CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10100 ALLENTOWN PKWY STE 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0ALLEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0750024216
ReturnHeader/PreparerPersonGrp/PhoneNum04696753072
ReturnHeader/PreparerPersonGrp/PreparationDt02015-04-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREGORY S DELK
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-04-02T13:22:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-09-01
ReturnHeader/TaxPeriodEndDt02014-08-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$5,537,180
Liabilities
$1,344,591
Net assets
$4,192,589
Revenue
$6,870,062
Expenses
$5,286,438
Net income
$1,583,624
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.66$0.10$6.56$8.00$8.49$0.49
2023Detailed filing. Detailed filing data is available for this year.$7.16$0.15$7.01$11.1$10.3$0.80
2022Detailed filing. Detailed filing data is available for this year.$7.90$1.69$6.21$10.0$9.81$0.21
2021Detailed filing. Detailed filing data is available for this year.$8.00$2.00$6.00$10.5$9.44$1.07
2020Detailed filing. Detailed filing data is available for this year.$7.96$2.82$5.14$8.18$9.66$1.47
2019Detailed filing. Detailed filing data is available for this year.$9.48$2.86$6.61$8.95$9.86$0.91
2018Detailed filing. Detailed filing data is available for this year.$11.1$3.62$7.52$8.67$9.22$0.55
2017Detailed filing. Detailed filing data is available for this year.$11.7$3.60$8.07$7.82$7.67$0.15
2016Detailed filing. Detailed filing data is available for this year.$11.9$3.99$7.89$8.49$6.94$1.55
2015Detailed filing. Detailed filing data is available for this year.$10.2$3.90$6.34$8.03$5.88$2.15
2014Detailed filing. Detailed filing data is available for this year.$5.54$1.34$4.19$6.87$5.29$1.58
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.57$0.96$2.61$3.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.93$0.64$2.30$1.65
2011Summary only. Only limited summary data is available for this year.$2.50$0.69$1.81$1.63$1.28$0.35