Civic Intelligence

Priority Systems Inc

990 • Fiscal year 2015 • EIN 74-2886638

Sep 01, 2014 to Aug 31, 2015 • Filed on Apr 05, 2016

Organization ProfileWWW.PRIORITYCHARTER.ORG
275 Fm 2483Morgans Point, TX 76513-5547

(254) 654-2825

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.38x

Higher debt load relative to assets than 62% of similar nonprofits.

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

Liabilities / Revenue

66th percentile

0.49x

Higher debt load relative to revenue than 66% of similar nonprofits.

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

Net Margin

83rd percentile

27%

Higher net margin than 83% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

97th percentile

85%

Faster asset growth than 97% of similar nonprofits.

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

Revenue Growth

77th percentile

17%

Faster revenue growth than 77% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$10,246,152

Up $4,708,972 (+85%) from 2014

Net Assets

Up

$6,342,461

Up $2,149,872 (+51%) from 2014

Liabilities

Up

$3,903,691

Up $2,559,100 (+190%) from 2014

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin83rd percentile

Revenue

Up

$8,034,369

Up $1,164,307 (+17%) from 2014

Expenses

Up

$5,884,497

Up $598,059 (+11%) from 2014

Net Income

Up

$2,149,872

Up $566,248 (+36%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth97th 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

2015

Assets$10,246,152
Liabilities$3,903,691
Net Assets$6,342,461
Open 2015 Filing

Operations Trend

Revenue Growth77th 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

2015

Revenue$8,034,369
Expenses$5,884,497
Net Income$2,149,872
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Apr 5, 2016
Return Version
2014v6.0
Gross Receipts
$8,034,369
Mission and Program Overview

Mission

Operations of schools for the education of students using individualized curriculum

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,211,927$7,611,804▲ $4,399,877
Cash and Non-Interest-Bearing Accounts$1,819,413$2,030,851▲ $211,438
Investments in Publicly Traded Securities$417,405$402,849▼ $14,556
Accounts Receivable$85,585$191,357▲ $105,772
Prepaid Expenses and Deferred Charges-$6,123-
Total Assets$5,537,180$10,246,152▲ $4,708,972
Other Assets Total$2,850$3,168▲ $318
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,159,186$3,748,272▲ $2,589,086
Accounts Payable and Accrued Expenses$185,405$155,419▼ $29,986
Total Liabilities$1,344,591$3,903,691▲ $2,559,100
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,192,589$6,342,461▲ $2,149,872
Total Net Assets Fund Balance$4,192,589$6,342,461▲ $2,149,872
Total Liabilities and Net Assets / Fund Balance$5,537,180$10,246,152▲ $4,708,972

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,327,897$314,726$6,642,623
Land$988,590-$988,590
Equipment$295,317$251,308$546,625
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nick FarleyCEOFT$92,000$4,500$96,500
Jacque L FarleyCFOFT$46,000$4,500$50,500

Board Members and Trustees

NameTitle
Billy M CoffeyBoard President
Daniel B HarrupBoard Member
Norman W MitchellBoard Member
Laurie J DeaverBoard Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,034,369
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$2,149,872

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,034,369
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,034,369
Total Revenue per Form 990
$8,034,369
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,853,770
Other Expenses$2,030,727
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,944,161$172,803-$3,116,964
Occupancy$588,285$28,739-$617,024
Other Employee Benefits$479,887$30,405-$510,292
Fees for Services Other$219,492$4,629-$224,121
Office Expenses$154,001$42,667-$196,668
Depreciation Depletion$123,415$29,894-$153,309
Current Officers, Directors, Trustees, and Key Employees-$138,000-$138,000
Interest$82,488$19,117-$101,605
Insurance-$83,179-$83,179
Travel$50,490$7,079-$57,569
Payroll Taxes$41,353$4,519-$45,872
Pension Plan Contributions$39,884$2,758-$42,642
Other Expenses$15,120$16,365-$31,485
Fees for Services Legal$5,653$17,236-$22,889
Fees for Services Accounting-$9,175-$9,175
Total Functional Expenses$5,277,932$606,565$0$5,884,497

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,884,497
Total Expenses per Audited Statements$5,884,497
Total Expenses per Form 990$5,884,497
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
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
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, Part VI, Section A, Line 2

“Nick farley, ceo and jacque farley, cfo are married to each other.”

Form 990, Part VI, Section B, Line 11

“The board reviews and approves the form 990 prior to its filing.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Priority Systems Inc
EIN
74-2886638
Phone
2546542825
Address
275 FM 2483, MORGANS POINT, TX 76513-5547

Signing Officer

Name
Barbara Gonzales
Title
Business Officer
Phone
2546542825
Signed
2016-04-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Gonzales
Formed
1998
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
99
Volunteers
150

Preparer

Firm
Gregory S Delk CPA
Address
100 ALLENTOWN PKWY SUITE 202, ALLEN, TX 75002-4216
Preparer
Gregory S Delk
Phone
4696753072
Raw XML Appendix388 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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IRS990ScheduleD/EquipmentGrp/BookValueAmt0295317
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0251308
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0546625
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05884497
IRS990ScheduleD/LandGrp/BookValueAmt0988590
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0988590
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08034369
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07611804
IRS990ScheduleD/TotalExpensesPerForm990Amt05884497
IRS990ScheduleD/TotalRevenuePerForm990Amt08034369
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08034369
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05884497
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0OPEN ENROLLMENT CHARTER SCHOOLS UNDER TEXAS LAW OPERATE ON THE SAME RULES AS PUBLIC SCHOOLS. DISCRIMINATION NOT POSSIBLE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NORMAL EDUCATION GRANTS FROM THE FEDERAL GOVERNMENT
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NICK FARLEY, CEO AND JACQUE FARLEY, CFO ARE MARRIED TO EACH OTHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS AND APPROVES THE FORM 990 PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt04192589
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt06342461
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05537180
IRS990/TotalAssetsEOYAmt010246152
IRS990/TotalAssetsGrp/BOYAmt05537180
IRS990/TotalAssetsGrp/EOYAmt010246152
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt099
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0606565
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05277932
IRS990/TotalFunctionalExpensesGrp/TotalAmt05884497
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01344591
IRS990/TotalLiabilitiesEOYAmt03903691
IRS990/TotalLiabilitiesGrp/BOYAmt01344591
IRS990/TotalLiabilitiesGrp/EOYAmt03903691
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04192589
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06342461
IRS990/TotalOtherCompensationAmt09000
IRS990/TotalProgramServiceExpensesAmt05277932
IRS990/TotalProgramServiceRevenueAmt08034369
IRS990/TotalReportableCompFromOrgAmt0138000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08034369
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08034369
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0150
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05537180
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010246152
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt07079
IRS990/TravelGrp/ProgramServicesAmt050490
IRS990/TravelGrp/TotalAmt057569
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0275 FM 2483
IRS990/USAddress/CityNm0MORGANS POINT
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd0765135547
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.PRIORITYCHARTER.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BARBARA GONZALES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BUSINESS OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum02546542825
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRIORITY SYSTEMS INC
ReturnHeader/Filer/BusinessNameControlTxt0PRIO
ReturnHeader/Filer/EIN0742886638
ReturnHeader/Filer/PhoneNum02546542825
ReturnHeader/Filer/USAddress/AddressLine1Txt0275 FM 2483
ReturnHeader/Filer/USAddress/CityNm0MORGANS POINT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0765135547
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752835768
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREGORY S DELK CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 ALLENTOWN PKWY SUITE 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALLEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0750024216
ReturnHeader/PreparerPersonGrp/PhoneNum04696753072
ReturnHeader/PreparerPersonGrp/PreparationDt02016-04-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREGORY S DELK
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-04-12T12:50:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-09-01
ReturnHeader/TaxPeriodEndDt02015-08-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,246,152
Liabilities
$3,903,691
Net assets
$6,342,461
Revenue
$8,034,369
Expenses
$5,884,497
Net income
$2,149,872
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