Civic Intelligence

Lago Vista Academy

990 • Fiscal year 2016 • EIN 74-2903792

Jan 01, 2016 to Dec 31, 2016 • Filed on Feb 24, 2017

Organization Profilewww.lagovistaacademy.com
6307 Lohmans Ford RoadLago Vista, TX 78645

(512) 267-1886

Siviq Scores

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

Liabilities / Assets

75th percentile

0.08x

Higher debt load relative to assets than 75% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

65th percentile

0.01x

Higher debt load relative to revenue than 65% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

31st percentile

-4.8%

Higher net margin than 31% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

91st percentile

$45,946

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 11.7% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

13th percentile

-36%

Faster asset growth than 13% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

38th percentile

-7.2%

Faster revenue growth than 38% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$64,549

Down $36,732 (-36%) from 2015

Net Assets

Down

$59,696

Down $38,656 (-39%) from 2015

Liabilities

Up

$4,853

Up $1,924 (+66%) from 2015

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin31st percentile

Revenue

Down

$393,467

Down $30,349 (-7.2%) from 2015

Expenses

Down

$412,336

Down $11,286 (-2.7%) from 2015

Net Income

Down

-$18,869

Down $19,063 (-9826%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$200K$100K$0-$100K-$200KAssets 2011: $66,874Liabilities 2011: $181,355Net Assets 2011: -$114,4812011Assets 2012: $79,608Liabilities 2012: $4,500Net Assets 2012: $75,1082012Assets 2013: $90,710Liabilities 2013: $0Net Assets 2013: $90,7102013Assets 2014: $105,638Liabilities 2014: $3,957Net Assets 2014: $101,6812014Assets 2015: $101,281Liabilities 2015: $2,929Net Assets 2015: $98,3522015Assets 2016: $64,549Liabilities 2016: $4,853Net Assets 2016: $59,6962016Assets 2017: $75,687Liabilities 2017: $5,002Net Assets 2017: $70,6852017Assets 2018: $70,744Liabilities 2018: $3,965Net Assets 2018: $66,7792018Assets 2019: $20,431Liabilities 2019: $0Net Assets 2019: $20,4312019Assets 2020: $185,415Liabilities 2020: $149,890Net Assets 2020: $35,5252020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2016

Assets$64,549
Liabilities$4,853
Net Assets$59,696
Open 2016 Filing

Operations Trend

Revenue Growth38th percentile

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

$600K$400K$200K$0-$200KExpenses 2011: $145,4052011Expenses 2012: $184,3892012Revenue 2013: $241,130Expenses 2013: $225,528Net Income 2013: $15,6022013Revenue 2014: $344,490Expenses 2014: $333,519Net Income 2014: $10,9712014Revenue 2015: $423,816Expenses 2015: $423,622Net Income 2015: $1942015Revenue 2016: $393,467Expenses 2016: $412,336Net Income 2016: -$18,8692016Revenue 2017: $393,247Expenses 2017: $382,258Net Income 2017: $10,9892017Revenue 2018: $418,286Expenses 2018: $422,192Net Income 2018: -$3,9062018Revenue 2019: $397,030Expenses 2019: $394,495Net Income 2019: $2,5352019Revenue 2020: $39,591Expenses 2020: $152,250Net Income 2020: -$112,6592020Revenue 2021: $199,822Expenses 2021: $154,533Net Income 2021: $45,2892021Revenue 2022: $368,793Expenses 2022: $256,386Net Income 2022: $112,4072022

Highlighted filing

2016

Revenue$393,467
Expenses$412,336
Net Income-$18,869
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Feb 24, 2017
Return Version
2016v3.0
Gross Receipts
$393,467
Mission and Program Overview

Mission

Early Childhood Education

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$68,948$64,549▼ $4,399
Cash and Non-Interest-Bearing Accounts$32,333--
Total Assets$101,281$64,549▼ $36,732
Liabilities
Accounts Payable and Accrued Expenses$2,929$4,853▲ $1,924
Total Liabilities$2,929$4,853▲ $1,924
Net Assets / Fund Balance
Unrestricted Net Assets$98,352$59,696▼ $38,656
Total Net Assets Fund Balance$98,352$59,696▼ $38,656
Total Liabilities and Net Assets / Fund Balance$101,281$64,549▼ $36,732

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$37,948$48,000$85,948
Leasehold Improvements$26,601$11,399$38,000
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Thelma LopezHeadmistressFT$45,946$45,946
Vicki StewartDirectorFT$42,540$42,540

Board Members and Trustees

NameTitle
Kevin YatesDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$393,467
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-18,869
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$207,840
Other Expenses$204,496
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$103,478$0$0$103,478
Occupancy$94,500$0$0$94,500
Current Officers, Directors, Trustees, and Key Employees$79,978$8,508$0$88,486
Other Expenses$51,965$0$0$51,965
Office Expenses$0$25,908$0$25,908
Payroll Taxes$15,172$704$0$15,876
Depreciation Depletion$3,915$0$0$3,915
Insurance$3,881$0$0$3,881
Travel$3,488$0$0$3,488
Advertising$2,197$0$0$2,197
Conferences and Meetings$1,713$0$0$1,713
Information Technology$0$1,450$0$1,450
Fees for Services Accounting$0$529$0$529
Total Functional Expenses$375,237$37,099$0$412,336
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
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
Filing and Contact Details

Filer

Filer Name
Lago Vista Academy
EIN
74-2903792
Phone
5122671886
Address
6307 Lohmans Ford Road, Lago Vista, TX 78645

Signing Officer

Name
Vicki Stewart
Title
Treasurer
Phone
5122671886
Signed
2017-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vicki Stewart
Formed
1998
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
1
Employees
20
Volunteers
3

Preparer

Firm
Gray & Associates CPAs PC
Address
7400 LOHMANS FORD RD, LAGO VISTA, TX 78645
Preparer
Michael W Gray CPA
Phone
5122672272
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The directors review a draft 990 with the accountant.”

Pt VI, Line 12C

“The directors annually discuss conflicts of interest.”

Pt VI, Line 15A

“The board considered CEO compensation at its annual meeting.”

Pt VI, Line 15B

“The board considered key employee compensation at its annual meeting.”

Pt XI

“Fund balance was adjusted for reconciliation purposes.”

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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/ExplanationTxt0THE RACIAL NONDISCRIMINATION STATEMENT IS INCLUDED IN ALL ENROLLMENT AD BANNERS AND FLYERS. THE RACIAL NONDISCRIMINATION STATEMENT IS INCLUDED IN ALL SIGNS, BANNERS AND FLYERS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOLS RECEIVES FINANCIAL ASSISTANCE FOR CERTAIN DISADVANTAGED STUDENTS, AND THIS AID HAS NEVER BEEN SUSPENDED OR CURTAILED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The directors review a draft 990 with the accountant.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The directors annually discuss conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board considered CEO compensation at its annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board considered key employee compensation at its annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Fund balance was adjusted for reconciliation purposes.
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt059696
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06307 Lohmans Ford Rd
IRS990/USAddress/CityNm0Lago Vista
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078645
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0www.lagovistaacademy.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0VICKI STEWART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05122671886
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lago Vista Academy
ReturnHeader/Filer/BusinessNameControlTxt0LAGO
ReturnHeader/Filer/EIN0742903792
ReturnHeader/Filer/PhoneNum05122671886
ReturnHeader/Filer/USAddress/AddressLine1Txt06307 Lohmans Ford Road
ReturnHeader/Filer/USAddress/CityNm0Lago Vista
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078645
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E77A4E98FA1D15172B498698E0CE06FA4AC78D97
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E77A4E98FA1D15172B498698E0CE06FA4AC78D97
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.240.164.143
ReturnHeader/FilingSecurityInformation/IPDt02017-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm013:00:28
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Gray & Associates CPAs PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07400 LOHMANS FORD RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAGO VISTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078645
ReturnHeader/PreparerPersonGrp/PhoneNum05122672272
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL W GRAY CPA
ReturnHeader/ReturnTs02017-05-15T13:00:37-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$64,549
Liabilities
$4,853
Net assets
$59,696
Revenue
$393,467
Expenses
$412,336
Net income
-$18,869
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$3.69$2.56$1.12
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$2.00$1.55$0.45
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.85$1.50$0.36$0.40$1.52$1.13
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.00$0.20$3.97$3.94$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.04$0.67$4.18$4.22$0.04
2017Summary only. Only limited summary data is available for this year.$0.76$0.05$0.71$3.93$3.82$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.65$0.05$0.60$3.93$4.12$0.19
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.03$0.98$4.24$4.24$0.00
2014Summary only. Only limited summary data is available for this year.$1.06$0.04$1.02$3.44$3.34$0.11
2013Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$2.41$2.26$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.05$0.75$1.84
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$1.81$1.14$1.45