Civic Intelligence

Jubilee Academic Center Inc.

990 • Fiscal year 2015 • EIN 74-2939346

Sep 01, 2014 to Aug 31, 2015 • Filed on Jul 13, 2016

Organization ProfileN/A
4434 Roland RoadSan Antonio, TX 78222-2830

(210) 333-6227

Siviq Scores

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

Liabilities / Assets

66th percentile

0.45x

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

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

29th percentile

0.15x

Higher debt load relative to revenue than 29% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

39th percentile

1.2%

Higher net margin than 39% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

15th percentile

$123,147

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

8th percentile

-9.3%

Faster asset growth than 8% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

89th percentile

41%

Faster revenue growth than 89% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets66th percentile

Assets

Down

$12,132,532

Down $1,251,222 (-9.3%) from 2014

Net Assets

Up

$6,633,910

Up $461,854 (+7.5%) from 2014

Liabilities

Down

$5,498,622

Down $1,713,076 (-24%) from 2014

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin39th percentile

Revenue

Up

$37,122,256

Up $10,841,901 (+41%) from 2014

Expenses

Up

$36,660,402

Up $12,260,699 (+50%) from 2014

Net Income

Down

$461,854

Down $1,418,798 (-75%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$200M$150M$100M$50M$0Assets 2010: $6,261,941Liabilities 2010: $4,652,208Net Assets 2010: $1,609,7332010Assets 2011: $7,798,120Liabilities 2011: $5,374,345Net Assets 2011: $2,423,7752011Assets 2012: $7,860,691Liabilities 2012: $5,070,165Net Assets 2012: $2,790,5262012Assets 2013: $9,902,481Liabilities 2013: $5,611,077Net Assets 2013: $4,291,4042013Assets 2014: $13,383,754Liabilities 2014: $7,211,698Net Assets 2014: $6,172,0562014Assets 2015: $12,132,532Liabilities 2015: $5,498,622Net Assets 2015: $6,633,9102015Assets 2016: $14,399,337Liabilities 2016: $5,800,975Net Assets 2016: $8,598,3622016Assets 2017: $123,960,050Liabilities 2017: $117,756,110Net Assets 2017: $6,203,9402017Assets 2018: $125,143,547Liabilities 2018: $116,646,181Net Assets 2018: $8,497,3662018Assets 2019: $129,322,587Liabilities 2019: $115,951,324Net Assets 2019: $13,371,2632019Assets 2020: $132,536,098Liabilities 2020: $116,399,691Net Assets 2020: $16,136,4072020Assets 2021: $137,938,000Liabilities 2021: $114,435,852Net Assets 2021: $23,502,1482021Assets 2022: $171,558,931Liabilities 2022: $146,556,228Net Assets 2022: $25,002,7032022Assets 2023: $186,265,717Liabilities 2023: $161,396,636Net Assets 2023: $24,869,0812023

Highlighted filing

2015

Assets$12,132,532
Liabilities$5,498,622
Net Assets$6,633,910
Open 2015 Filing

Operations Trend

Revenue Growth89th percentile

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

$100M$50M$0-$50MExpenses 2010: $6,568,8172010Expenses 2011: $9,096,3462011Revenue 2012: $15,763,134Expenses 2012: $15,396,384Net Income 2012: $366,7502012Expenses 2013: $19,204,0402013Revenue 2014: $26,280,355Expenses 2014: $24,399,703Net Income 2014: $1,880,6522014Revenue 2015: $37,122,256Expenses 2015: $36,660,402Net Income 2015: $461,8542015Revenue 2016: $42,837,485Expenses 2016: $41,029,773Net Income 2016: $1,807,7122016Revenue 2017: $45,682,962Expenses 2017: $48,077,384Net Income 2017: -$2,394,4222017Revenue 2018: $50,430,427Expenses 2018: $48,137,003Net Income 2018: $2,293,4242018Revenue 2019: $61,817,625Expenses 2019: $56,943,728Net Income 2019: $4,873,8972019Revenue 2020: $71,976,095Expenses 2020: $69,210,951Net Income 2020: $2,765,1442020Revenue 2021: $77,234,033Expenses 2021: $69,868,291Net Income 2021: $7,365,7422021Revenue 2022: $90,492,083Expenses 2022: $89,627,228Net Income 2022: $864,8552022Revenue 2023: $94,411,794Expenses 2023: $94,545,418Net Income 2023: -$133,6242023

Highlighted filing

2015

Revenue$37,122,256
Expenses$36,660,402
Net Income$461,854
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Jul 13, 2016
Return Version
2014v6.0
Gross Receipts
$37,122,256
Mission and Program Overview

Mission

Established to operate as a Public Charter School

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,787,001$4,337,034▼ $449,967
Land, Buildings, and Equipment, Net$3,607,756$3,854,711▲ $246,955
Pledges and Grants Receivable$2,662,720$3,413,142▲ $750,422
Cash and Non-Interest-Bearing Accounts$538,780--
Inventories for Sale or Use$119,007$193,854▲ $74,847
Accounts Receivable$18,531$37,202▲ $18,671
Total Assets$13,383,754$12,132,532▼ $1,251,222
Other Assets Total$1,649,959$296,589▼ $1,353,370
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,284,000$3,044,485▼ $239,515
Accounts Payable and Accrued Expenses$3,665,975$2,099,965▼ $1,566,010
Other Liabilities$261,723$354,172▲ $92,449
Total Liabilities$7,211,698$5,498,622▼ $1,713,076
Net Assets / Fund Balance
Unrestricted Net Assets$3,920,541$4,534,935▲ $614,394
Temporarily Rstr Net Assets$2,251,515$2,098,975▼ $152,540
Total Net Assets Fund Balance$6,172,056$6,633,910▲ $461,854
Total Liabilities and Net Assets / Fund Balance$13,383,754$12,132,532▼ $1,251,222

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,641,153$1,258,319-
Other Land Buildings$165,513--
Land$500,000--
Equipment$548,045--
Other Assets Org$71,280--
Compensation and Service Providers
Top Officer Pay15th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Thomas J KogerDirectorFT$123,147$123,147
Daniel G AmadorSuperintendentFT$119,620$119,620
Rene Gallegos JrC F OFT$108,358$108,358

Board Members and Trustees

NameTitle
Thomas J KogerBoard President
Jerry HoadleyBoard Member
Robert Anguiano JrBoard Member
Steven MichaelBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$36,991,065
Program Service Revenue
$112,808
Investment Income
$5,783
Other Revenue
$12,600
All Other Contributions
$452,514
Change in Net Assets
$461,854

Audited Revenue Reconciliation

Revenue per Audited Statements
$37,122,256
Total Revenue per Audited Statements
$37,122,256
Total Revenue per Form 990
$37,122,256
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$21,176,683
Other Expenses$15,483,719
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$17,179,942$1,022,168$0$18,202,110
All Other Expenses$2,297,034$150,849$0$2,447,883
Other Employee Benefits$1,552,453$111,781$0$1,664,234
Occupancy$1,465,823$0$0$1,465,823
Other Expenses$883,007$142,936$0$1,025,943
Pension Plan Contributions$518,463$63,245$0$581,708
Payroll Taxes$343,022$34,484$0$377,506
Current Officers, Directors, Trustees, and Key Employees$0$351,125$0$351,125
Interest$293,267$0$0$293,267
Depreciation Depletion$246,987$0$0$246,987
Insurance$224,814$0$0$224,814
Travel$108,000$101,544$0$209,544
Information Technology$0$69,613$0$69,613
Fees for Services Accounting$0$35,950$0$35,950
Office Expenses$0$21,289$0$21,289
Fees for Services Legal$0$16,966$0$16,966
Total Functional Expenses$34,170,396$2,490,006$0$36,660,402

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$36,660,402
Total Expenses per Audited Statements$36,660,402
Total Expenses per Form 990$36,660,402
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable$206,264
Other$138,681
Accrued Interest$9,227

Bond Issues

BondIssuerIssuedIssue PricePurpose
APottsboro Highere Education Finance Corp2014-10-17$3,090,000Refunding of prior bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$3,090,000$3,029,086-$60,914

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
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
Filing and Contact Details

Filer

Filer Name
Jubilee Academic Center
EIN
74-2939346
Phone
2103336227
Address
4434 Roland Road, San Antonio, TX 78222-2830

Signing Officer

Name
Thomas J Koger
Title
Executive Director
Phone
2103336227
Signed
2016-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas J Koger
Formed
2001
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
3
Employees
810
Volunteers
72

Preparer

Firm
John M Sabatino CPA PC
Address
16350 Blanco Road Ste 101, San Antonio, TX 78232-3338
Preparer
John M Sabatino CPA
Phone
2107351558
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Form 990 is presented to the Board at an Executive Meeting.”

Pt VI, Line 12C

“It is disclosed to the Texas Education Agency annually through the Governance Reorting process.”

Pt VI, Line 15A

“Executive Board adopts the Budget including the salaries of the CEO through a comparability study provided by the administrators of similar organizations in the area.”

Pt VI, Line 15B

“Executive Board adopts the Budget including the salaries of the key employees through a comparability study provided by the administrators of similar organizations in the area.”

Form 990EZ, Part II, Line 24

“PREPAIDS INVESTMENTS”

Form 990EZ, Part II, Line 26

“Accounts payable & accrued expenses”

Form 990, Part IX, Line 24F

“Gasoline & maintenance 20184. 20184. 0. 0. Rounding -2. -1. -1. 0. Food service 1296090. 1296090. 0. 0. Security services 370908. 370908. 0. 0. Other operating costs 406952. 307602. 99350. 0. General supplies 353751. 302251. 51500. 0.”

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IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1234913
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2133143
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3142936
IRS990/OtherExpensesGrp/ProgramServicesAmt01356573
IRS990/OtherExpensesGrp/ProgramServicesAmt15849877
IRS990/OtherExpensesGrp/ProgramServicesAmt21851134
IRS990/OtherExpensesGrp/ProgramServicesAmt3883007
IRS990/OtherExpensesGrp/TotalAmt01356573
IRS990/OtherExpensesGrp/TotalAmt16084790
IRS990/OtherExpensesGrp/TotalAmt21984277
IRS990/OtherExpensesGrp/TotalAmt31025943
IRS990/OtherLiabilitiesGrp/BOYAmt0261723
IRS990/OtherLiabilitiesGrp/EOYAmt0354172
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01022168
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt017179942
IRS990/OtherSalariesAndWagesGrp/TotalAmt018202110
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt034484
IRS990/PayrollTaxesGrp/ProgramServicesAmt0343022
IRS990/PayrollTaxesGrp/TotalAmt0377506
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt063245
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0518463
IRS990/PensionPlanContributionsGrp/TotalAmt0581708
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02662720
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03413142
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0THOMAS J KOGER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Food Service Sales
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0112808
IRS990/ProgSrvcAccomActy2Grp/Desc0U S DEPARTMENT OF EDUCATION
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01236498
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01259714
IRS990/ProgSrvcAccomActy3Grp/Desc0U S DEPARTMENT OF AGRICULTURE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01296090
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01753642
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt025702338
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05703
IRS990/PYOtherExpensesAmt08423244
IRS990/PYProgramServiceRevenueAmt0572314
IRS990/PYRevenuesLessExpensesAmt01880652
IRS990/PYSalariesCompEmpBnftPaidAmt015976459
IRS990/PYTotalExpensesAmt024399703
IRS990/PYTotalRevenueAmt026280355
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0461854
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt012600
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt033494506
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04787001
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04337034
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02641153
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01258319
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt03899472
IRS990ScheduleD/EquipmentGrp/BookValueAmt0548045
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0548045
IRS990ScheduleD/ExpensesSubtotalAmt036660402
IRS990ScheduleD/LandGrp/BookValueAmt0500000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0500000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0225309
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt171280
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Cost of Debt Issuance
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Other Assets
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0165513
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0165513
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09227
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1138681
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2206264
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Interest
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Note Payable
IRS990ScheduleD/RevenueSubtotalAmt037122256
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03854711
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0296589
IRS990ScheduleD/TotalExpensesPerForm990Amt036660402
IRS990ScheduleD/TotalLiabilityAmt0354172
IRS990ScheduleD/TotalRevenuePerForm990Amt037122256
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt037122256
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt036660402
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0BROCHURES AND HANDOUTS DURING THE REGISTRATION PERIOD. BROCHURES & HANDOUTS DURING THE REGISTRATION PERIOD.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NONE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2GOVERNMENT AID HAS NEVER BEEN REVOKED OR SUSPENDED.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 5h
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0true
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0The prior bonds refunded by the Series 2014 bonds were issued on 3/25/2008.
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt1Part IV, Line 2b: The entire issue has met a spending exception to the rebate requirement, thus no rebate will ever be due on the Bonds.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I-A col (f)
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt IV ln 2c A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0true
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02014-10-17
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0464641562
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0NOTISSUED
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt03090000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0Pottsboro Highere Education Finance Corp
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Refunding of prior bonds
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt060914
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt03029086
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt03090000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is presented to the Board at an Executive Meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1It is disclosed to the Texas Education Agency annually through the Governance Reorting process.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Executive Board adopts the Budget including the salaries of the CEO through a comparability study provided by the administrators of similar organizations in the area.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Executive Board adopts the Budget including the salaries of the key employees through a comparability study provided by the administrators of similar organizations in the area.

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$12,132,532
Liabilities
$5,498,622
Net assets
$6,633,910
Revenue
$37,122,256
Expenses
$36,660,402
Net income
$461,854
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$186$161$24.9$94.4$94.5$0.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$172$147$25.0$90.5$89.6$0.86
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$138$114$23.5$77.2$69.9$7.37
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$133$116$16.1$72.0$69.2$2.77
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$129$116$13.4$61.8$56.9$4.87
2018Summary only. Only limited summary data is available for this year.$125$117$8.50$50.4$48.1$2.29
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$124$118$6.20$45.7$48.1$2.39
2016Summary only. Only limited summary data is available for this year.$14.4$5.80$8.60$42.8$41.0$1.81
2015Detailed filing. Detailed filing data is available for this year.$12.1$5.50$6.63$37.1$36.7$0.46
2014Detailed filing. Detailed filing data is available for this year.$13.4$7.21$6.17$26.3$24.4$1.88
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.90$5.61$4.29$19.2
2012Summary only. Only limited summary data is available for this year.$7.86$5.07$2.79$15.8$15.4$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.80$5.37$2.42$9.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.26$4.65$1.61$6.57