Civic Intelligence

Austin Gifted Inc

990 • Fiscal year 2022 • EIN 74-2913554

Sep 01, 2021 to Aug 31, 2022 • Filed on Jul 18, 2023

3901 Shoal Creek BlvdAustin, TX 78756-3815

(512) 206-4070

Siviq Scores

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

Liabilities / Assets

88th percentile

0.62x

Higher debt load relative to assets than 88% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

87th percentile

0.90x

Higher debt load relative to revenue than 87% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

12th percentile

-27%

Higher net margin than 12% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

64th percentile

$90,036

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

9th percentile

-18%

Faster asset growth than 9% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

11th percentile

-36%

Faster revenue growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,913,240

Down $431,348 (-18%) from 2021

Net Assets

Down

$720,757

Down $356,256 (-33%) from 2021

Liabilities

Down

$1,192,483

Down $75,092 (-5.9%) from 2021

Revenue

Down

$1,321,074

Down $728,695 (-36%) from 2021

Expenses

Up

$1,677,330

Up $28,683 (+1.7%) from 2021

Net Income

Down

-$356,256

Down $757,378 (-189%) from 2021

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,224,965Liabilities 2011: $814,697Net Assets 2011: $410,2682011Assets 2012: $1,308,631Liabilities 2012: $1,053,737Net Assets 2012: $254,8942012Assets 2013: $1,430,610Liabilities 2013: $1,152,449Net Assets 2013: $278,1612013Assets 2014: $1,308,443Liabilities 2014: $1,039,736Net Assets 2014: $268,7072014Assets 2015: $1,266,274Liabilities 2015: $1,150,516Net Assets 2015: $115,7582015Assets 2016: $831,896Liabilities 2016: $774,245Net Assets 2016: $57,6512016Assets 2017: $872,393Liabilities 2017: $773,410Net Assets 2017: $98,9832017Assets 2018: $1,162,927Liabilities 2018: $892,765Net Assets 2018: $270,1622018Assets 2019: $2,338,113Liabilities 2019: $2,064,764Net Assets 2019: $273,3492019Assets 2020: $1,536,559Liabilities 2020: $897,895Net Assets 2020: $638,6642020Assets 2021: $2,344,588Liabilities 2021: $1,267,575Net Assets 2021: $1,077,0132021Assets 2022: $1,913,240Liabilities 2022: $1,192,483Net Assets 2022: $720,7572022Assets 2023: $1,845,260Liabilities 2023: $769,251Net Assets 2023: $1,076,0092023Assets 2024: $2,042,259Liabilities 2024: $1,300,574Net Assets 2024: $741,6852024

Highlighted filing

2022

Assets$1,913,240
Liabilities$1,192,483
Net Assets$720,757

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,529,461Expenses 2011: $1,505,540Net Income 2011: $23,9212011Revenue 2012: $1,838,946Expenses 2012: $1,998,280Net Income 2012: -$159,3342012Expenses 2013: $2,125,2662013Revenue 2014: $2,462,372Expenses 2014: $2,481,007Net Income 2014: -$18,6352014Revenue 2015: $2,576,507Expenses 2015: $2,713,194Net Income 2015: -$136,6872015Revenue 2016: $2,459,616Expenses 2016: $2,515,514Net Income 2016: -$55,8982016Revenue 2017: $1,872,831Expenses 2017: $1,838,252Net Income 2017: $34,5792017Revenue 2018: $2,174,657Expenses 2018: $2,010,976Net Income 2018: $163,6812018Revenue 2019: $2,185,377Expenses 2019: $2,157,921Net Income 2019: $27,4562019Revenue 2020: $2,310,209Expenses 2020: $2,112,649Net Income 2020: $197,5602020Revenue 2021: $2,049,769Expenses 2021: $1,648,647Net Income 2021: $401,1222021Revenue 2022: $1,321,074Expenses 2022: $1,677,330Net Income 2022: -$356,2562022Revenue 2023: $1,847,254Expenses 2023: $1,632,434Net Income 2023: $214,8202023Revenue 2024: $1,510,458Expenses 2024: $1,844,782Net Income 2024: -$334,3242024

Highlighted filing

2022

Revenue$1,321,074
Expenses$1,677,330
Net Income-$356,256
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jul 18, 2023
Return Version
2021v4.0
Gross Receipts
$1,321,074
Mission and Program Overview

Mission

Ace academy is a private, independent school for gifted students in

ACE Academy is a private independent school for gifted students in Austin Texas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$964,224$904,357▼ $59,867
Accounts Receivable$759,106$588,275▼ $170,831
Cash and Non-Interest-Bearing Accounts$423,482$375,334▼ $48,148
Savings and Temporary Cash Investments$64,729$0▼ $64,729
Prepaid Expenses and Deferred Charges$20,547$33,608▲ $13,061
Land, Buildings, and Equipment, Net$11,666$11,666→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,344,588$1,913,240▼ $431,348
Other Assets Total$100,834$0▼ $100,834
Liabilities
Deferred Revenue$1,261,015$1,166,804▼ $94,211
Accounts Payable and Accrued Expenses$6,560$25,679▲ $19,119
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,267,575$1,192,483▼ $75,092
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,077,013$720,757▼ $356,256
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,077,013$720,757▼ $356,256
Total Liabilities and Net Assets / Fund Balance$2,344,588$1,913,240▼ $431,348

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,666$143,552$155,218
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Desiree KimballHead of SchoolFT$90,036-$90,036
Tabitha MolettHead of SchoolFT$52,927$1,312$54,239

Board Members and Trustees

NameTitle
Lisa NovakBoard Member
Ross GarssonBoard Member
Mark RichmondBoard Secretary
Jennifer RobinsonBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$131,586
Program Service Revenue
$1,255,750
Investment Income
$-66,262
Other Revenue
$0
All Other Contributions
$124,747
Change in Net Assets
$-356,256
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,366,380
Other Expenses$291,450
Total Fundraising Expense$70,114
Grants and Similar Amounts Paid$19,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$963,488$74,938$32,116$1,070,542
Occupancy$74,947$74,947$0$149,894
Current Officers, Directors, Trustees, and Key Employees$129,848$10,099$4,328$144,275
Payroll Taxes$88,012$6,845$2,934$97,791
Fees for Services Accounting$5,000$40,004$5,000$50,004
Other Employee Benefits$37,589$2,924$1,252$41,765
Grants to Domestic Individuals$19,500--$19,500
Pension Plan Contributions$10,806$841$360$12,007
Information Technology$5,372$5,373$0$10,746
Advertising$0$0$10,670$10,670
Office Expenses$0$8,616$0$8,616
Other Expenses$5,890$0$0$5,890
Insurance$0$5,803$0$5,803
Total Functional Expenses$1,376,825$230,390$70,114$1,677,330
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 11A

990 is distributed to the board president and treasurer

Part VI, Line 15

The Board of Directors sets the compensation for the Head of School during the budget process each year.

Filing and Contact Details

Filer

Filer Name
Austin Gifted
EIN
74-2913554
In Care Of
% Danny Mulligan
Phone
5122064070
Address
3901 SHOAL CREEK BLVD, AUSTIN, TX 78756-3815

Signing Officer

Name
Desiree Kimball
Title
Director
Signed
2023-07-18

Organization Details

Formed
2005
Legal Domicile
TX
Voting Board Members
13
Independent Board Members
11
Employees
43
Volunteers
25
Raw XML AppendixShowing 400 of 668 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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IRS990/Desc0ACE Academy offers a full-time program specifically designed for the gifted learner. Through interdisciplinary curriculum and relational learning ACE encourages a global in-depth perspective in its students. Foreign language art music drama chess robotics and physical education round out core academics. Each year ACE holds its Summer Wonders program which allows students to explore diverse subjects in a challenging creative environment through an integrative hands-on non-traditional approach.
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IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0143552
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011666
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011666
IRS990/LandBldgEquipCostOrOtherBssAmt0155218
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0ACE Academy is a private independent school for gifted students in Austin Texas.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt01077013
IRS990/NetAssetsOrFundBalancesEOYAmt0720757
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01077013
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0720757
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt074947
IRS990/OccupancyGrp/ProgramServicesAmt074947
IRS990/OccupancyGrp/TotalAmt0149894
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08616
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt08616
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0100834
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01252
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02924
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt037589
IRS990/OtherEmployeeBenefitsGrp/TotalAmt041765
IRS990/OtherExpensesGrp/Desc0Fundraising Expenses
IRS990/OtherExpensesGrp/Desc1Instructional Materials
IRS990/OtherExpensesGrp/Desc2Instructional Contract Labor
IRS990/OtherExpensesGrp/Desc3Professional Development
IRS990/OtherExpensesGrp/FundraisingAmt013454
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt122623
IRS990/OtherExpensesGrp/ProgramServicesAmt213750
IRS990/OtherExpensesGrp/ProgramServicesAmt35890
IRS990/OtherExpensesGrp/TotalAmt013454
IRS990/OtherExpensesGrp/TotalAmt122623
IRS990/OtherExpensesGrp/TotalAmt213750
IRS990/OtherExpensesGrp/TotalAmt35890
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/ExclusionAmt20
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt10
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt00
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt10
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt20
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt20
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt032116
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt074938
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0963488
IRS990/OtherSalariesAndWagesGrp/TotalAmt01070542
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02934
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06845
IRS990/PayrollTaxesGrp/ProgramServicesAmt088012
IRS990/PayrollTaxesGrp/TotalAmt097791
IRS990/PensionPlanContributionsGrp/FundraisingAmt0360
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0841
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010806
IRS990/PensionPlanContributionsGrp/TotalAmt012007
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020547
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt033608
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Danny Mulligan
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Tuition and Program Fees
IRS990/ProgramServiceRevenueGrp/Desc1Other Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01246220

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.04$1.30$0.74$1.51$1.84$0.33
2023Detailed filing. Detailed filing data is available for this year.$1.85$0.77$1.08$1.85$1.63$0.21
2022Detailed filing. Detailed filing data is available for this year.$1.91$1.19$0.72$1.32$1.68$0.36
2021Detailed filing. Detailed filing data is available for this year.$2.34$1.27$1.08$2.05$1.65$0.40
2020Detailed filing. Detailed filing data is available for this year.$1.54$0.90$0.64$2.31$2.11$0.20
2019Detailed filing. Detailed filing data is available for this year.$2.34$2.06$0.27$2.19$2.16$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.16$0.89$0.27$2.17$2.01$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.87$0.77$0.10$1.87$1.84$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.83$0.77$0.06$2.46$2.52$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.27$1.15$0.12$2.58$2.71$0.14
2014Detailed filing. Detailed filing data is available for this year.$1.31$1.04$0.27$2.46$2.48$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$1.15$0.28$2.13
2012Summary only. Only limited summary data is available for this year.$1.31$1.05$0.25$1.84$2.00$0.16
2011Summary only. Only limited summary data is available for this year.$1.22$0.81$0.41$1.53$1.51$0.02