Civic Intelligence

Lago Vista Academy

990 • Fiscal year 2020 • EIN 74-2903792

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 13, 2021

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

(512) 401-7564

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.81x

Higher debt load relative to assets than 92% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

98th percentile

3.79x

Higher debt load relative to revenue than 98% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

4th percentile

-285%

Higher net margin than 4% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

98th percentile

808%

Faster asset growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

5th percentile

-90%

Faster revenue growth than 5% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$185,415

Up $164,984 (+808%) from 2019

Net Assets

Up

$35,525

Up $15,094 (+74%) from 2019

Liabilities

Up

$149,890

Up $149,890 from 2019

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin4th percentile

Revenue

Down

$39,591

Down $357,439 (-90%) from 2019

Expenses

Down

$152,250

Down $242,245 (-61%) from 2019

Net Income

Down

-$112,659

Down $115,194 (-4544%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2020

Assets$185,415
Liabilities$149,890
Net Assets$35,525
Open 2020 Filing

Operations Trend

Revenue Growth5th 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

2020

Revenue$39,591
Expenses$152,250
Net Income-$112,659
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 13, 2021
Return Version
2020v4.1
Gross Receipts
$39,591
Mission and Program Overview

Mission

Early Childhood Education

Balance Sheet Detail
LineBeginningEndChange
Assets
Receivables From Officers Etc-$149,890-
Loans From Officers Directors-$149,890-
Cash and Non-Interest-Bearing Accounts$1,430$19,057▲ $17,627
Land, Buildings, and Equipment, Net$19,001$16,468▼ $2,533
Total Assets$20,431$185,415▲ $164,984
Liabilities
Total Liabilities$0$149,890▲ $149,890
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,431$35,525▲ $15,094
Total Net Assets Fund Balance$20,431$35,525▲ $15,094
Total Liabilities and Net Assets / Fund Balance$20,431$185,415▲ $164,984

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$48,000-
Leasehold Improvements$16,468$21,532-
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Thelma LopezHeadmistress/DirectorFT$31,578$31,578

Board Members and Trustees

NameTitle
Kevin YatesDirector
Vicki StewartDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$39,591
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-112,659
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$104,744
Other Expenses$47,506
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$65,233$0$0$65,233
Occupancy$36,033$0$0$36,033
Current Officers, Directors, Trustees, and Key Employees$31,578$0$0$31,578
Payroll Taxes$7,933$0$0$7,933
Office Expenses$1,343$2,212$0$3,555
Depreciation Depletion$2,533$0$0$2,533
Fees for Services Legal$989$989$0$1,978
Insurance$0$1,352$0$1,352
Fees for Services Other$0$310$0$310
Advertising$0$201$0$201
Travel$40$0$0$40
Other Expenses$0$-556$0$-556
Total Functional Expenses$147,742$4,508$0$152,250
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$149,890-
Receivables from Officers, Directors, Trustees, and Key Employees-$149,890-
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 35% controlled entity
No
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
5124017564
Address
6307 Lohmans Ford Road, Lago Vista, TX 78645

Signing Officer

Name
Vicki Stewart
Title
Treasurer
Phone
5124017564
Signed
2021-09-13
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
0
Volunteers
3

Preparer

Firm
Gray & Associates CPAs PC
Address
7400 LOHMANS FORD RD, LAGO VISTA, TX 78645
Preparer
M W Gray
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.”

Pt XI

“Fixed assets and receivables were adjusted to book values.”

Raw XML Appendix362 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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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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Fixed assets and receivables were adjusted to book values.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XI
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt040
IRS990/TravelGrp/TotalAmt040
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Vicki Stewart
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum05124017564
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lago Vista Academy
ReturnHeader/Filer/BusinessNameControlTxt0LAGO
ReturnHeader/Filer/EIN0742903792
ReturnHeader/Filer/PhoneNum05124017564
ReturnHeader/Filer/USAddress/AddressLine1Txt06307 Lohmans Ford Road
ReturnHeader/Filer/USAddress/CityNm0Lago Vista
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078645
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/PreparationDt02021-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0M W Gray
ReturnHeader/ReturnTs02021-11-05T06:13:35-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Vicki
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Stewart
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$185,415
Liabilities
$149,890
Net assets
$35,525
Revenue
$39,591
Expenses
$152,250
Net income
-$112,659
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
2020Detailed filing. Detailed filing data is available for this year.$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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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