Civic Intelligence

Priority Systems Inc

990 • Fiscal year 2017 • EIN 74-2886638

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

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

(254) 654-2825

Siviq Scores

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

Liabilities / Assets

59th percentile

0.31x

Higher debt load relative to assets than 59% of similar nonprofits.

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

Liabilities / Revenue

66th percentile

0.46x

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

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

Net Margin

46th percentile

1.9%

Higher net margin than 46% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

24th percentile

-1.8%

Faster asset growth than 24% of similar nonprofits.

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

Revenue Growth

19th percentile

-7.9%

Faster revenue growth than 19% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$11,673,586

Down $209,227 (-1.8%) from 2016

Net Assets

Up

$8,074,116

Up $185,596 (+2.4%) from 2016

Liabilities

Down

$3,599,470

Down $394,823 (-9.9%) from 2016

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin46th percentile

Revenue

Down

$7,817,056

Down $669,290 (-7.9%) from 2016

Expenses

Up

$7,671,997

Up $731,710 (+11%) from 2016

Net Income

Down

$145,059

Down $1,401,000 (-91%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth24th 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

2017

Assets$11,673,586
Liabilities$3,599,470
Net Assets$8,074,116
Open 2017 Filing

Operations Trend

Revenue Growth19th 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

2017

Revenue$7,817,056
Expenses$7,671,997
Net Income$145,059
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
May 1, 2018
Return Version
2016v3.1
Gross Receipts
$7,830,981
Mission and Program Overview

Mission

Operations of schools for the education of students using individualized curriculum

Operations of schools for the education of students using individualized curriculum.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,861,388$8,826,756▼ $34,632
Cash and Non-Interest-Bearing Accounts$2,964,338$2,354,260▼ $610,078
Prepaid Expenses and Deferred Charges-$245,962-
Accounts Receivable$53,919$243,440▲ $189,521
Total Assets$11,882,813$11,673,586▼ $209,227
Other Assets Total$3,168$3,168→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,543,112$3,406,588▼ $136,524
Accounts Payable and Accrued Expenses$451,181$192,882▼ $258,299
Total Liabilities$3,994,293$3,599,470▼ $394,823
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$7,925,320-
Unrestricted Net Assets$7,888,520$148,796▼ $7,739,724
Total Net Assets Fund Balance$7,888,520$8,074,116▲ $185,596
Total Liabilities and Net Assets / Fund Balance$11,882,813$11,673,586▼ $209,227

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,157,507$713,676$7,871,183
Equipment$663,459$453,731$1,117,190
Land$988,590-$988,590
Other Land Buildings$17,200-$17,200
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Norman MitchellBoard Member
Terrell GurleyBoard Member
Darrell HadenBoard Presid
Laurie DeaverBoard Secret
Amy ManleyBoard Vice P
Revenue and Support

Revenue Composition

Contributions and Grants
$7,668,260
Program Service Revenue
$145,109
Investment Income
$3,687
Other Revenue
$0
Change in Net Assets
$145,059

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,817,056
Total Revenue per Audited Statements
$7,817,056
Total Revenue per Form 990
$7,817,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,859,507
Other Expenses$2,812,490
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,779,823$371,916-$4,151,739
Occupancy$804,721--$804,721
Other Employee Benefits$532,994$43,999-$576,993
Depreciation Depletion$68,976$281,310-$350,286
All Other Expenses$222,641--$222,641
Interest$139,074--$139,074
Other Expenses$110,307--$110,307
Insurance$10,819$74,192-$85,011
Travel$46,229$22,310-$68,539
Payroll Taxes$60,766$5,891-$66,657
Pension Plan Contributions$61,696$2,422-$64,118
Fees for Services Legal$26,000$22,389-$48,389
Fees for Services Accounting-$12,963-$12,963
Total Functional Expenses$6,834,605$837,392$0$7,671,997

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,671,997
Total Expenses per Audited Statements$7,671,997
Total Expenses per Form 990$7,671,997
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
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

“990 is reviewed by board members prior to filing”

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

“Board oversight with research as to comparative salaries in the area.”

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

“Board oversight with research as to comparative salaries in the area.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available upon request”

Filing and Contact Details

Filer

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

Signing Officer

Name
Darrell Haden
Title
Board President
Phone
2542062013
Signed
2018-05-01

Organization Details

Principal Officer
Darrell Haden
Formed
1998
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
184
Volunteers
75

Preparer

Firm
Evans & Knauth Pllc
Address
8950 GARY BURNS DR STE D, FRISCO, TX 75034
Preparer
Kirk Evans CPA
Phone
9723359754
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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/SupplementalInformationDetail/ExplanationTxt1CHARTER SCHOOL RECEIVES STATE GRANTS AND FEDERAL GRANTS FROM THE TITLE I, TITLE II, IDEA-B, AND CHILD NUTRITION PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 IS REVIEWED BY BOARD MEMBERS PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OVERSIGHT WITH RESEARCH AS TO COMPARATIVE SALARIES IN THE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OVERSIGHT WITH RESEARCH AS TO COMPARATIVE SALARIES IN THE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt07925320
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt011673586
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IRS990/TotalContributionsAmt07668260
IRS990/TotalEmployeeCnt0184
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0837392
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06834605
IRS990/TotalFunctionalExpensesGrp/TotalAmt07671997
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03994293
IRS990/TotalLiabilitiesEOYAmt03599470
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IRS990/TotalLiabilitiesGrp/EOYAmt03599470
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07888520
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08074116
IRS990/TotalProgramServiceExpensesAmt06834605
IRS990/TotalProgramServiceRevenueAmt0145109
IRS990/TotalRevenueGrp/ExclusionAmt07962
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0140834
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07817056
IRS990/TotalVolunteersCnt075
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011882813
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011673586
IRS990/TravelGrp/ManagementAndGeneralAmt022310
IRS990/TravelGrp/ProgramServicesAmt046229
IRS990/TravelGrp/TotalAmt068539
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt07888520
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0148796
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.PRIORITYCHARTER.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DARRELL HADEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02542062013
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-01
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 RESORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0ED3958A91AE4CF6A6BCA4DE4605476496A6E98B5
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823141950
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EVANS & KNAUTH PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08950 GARY BURNS DR STE D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FRISCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075034
ReturnHeader/PreparerPersonGrp/PhoneNum09723359754
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIRK EVANS CPA
ReturnHeader/ReturnTs02018-05-14T09:32:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-09-01
ReturnHeader/TaxPeriodEndDt02017-08-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,673,586
Liabilities
$3,599,470
Net assets
$8,074,116
Revenue
$7,817,056
Expenses
$7,671,997
Net income
$145,059
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