Civic Intelligence

Jubilee Academic Center Inc.

990 • Fiscal year 2016 • EIN 74-2939346

Sep 01, 2015 to Aug 31, 2016 • Filed on Jun 09, 2017

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

62nd percentile

0.40x

Higher debt load relative to assets than 62% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

27th percentile

0.14x

Higher debt load relative to revenue than 27% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

58th percentile

4.2%

Higher net margin than 58% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

20th percentile

$143,263

Higher top officer pay than 20% of similar nonprofits.

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

85th percentile

19%

Faster asset growth than 85% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

78th percentile

15%

Faster revenue growth than 78% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Flat

$14,399,337

Flat from 2016

Net Assets

Flat

$8,598,362

Flat from 2016

Liabilities

Flat

$5,800,975

Flat from 2016

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin58th percentile

Revenue

Flat

$42,837,485

Flat from 2016

Expenses

Flat

$41,029,773

Flat from 2016

Net Income

Flat

$1,807,712

Flat from 2016

Historical Trend

Balance Sheet Trend

Asset Growth85th 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 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

2016

Assets$14,399,337
Liabilities$5,800,975
Net Assets$8,598,362
Open 2016 Filing

Operations Trend

Revenue Growth78th 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 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

2016

Revenue$42,837,485
Expenses$41,029,773
Net Income$1,807,712
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jun 9, 2017
Return Version
2015v3.0
Gross Receipts
$42,837,485
Mission and Program Overview

Mission

Established to operate as a Public Charter School

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,337,034$6,354,472▲ $2,017,438
Land, Buildings, and Equipment, Net$3,854,711$3,793,797▼ $60,914
Pledges and Grants Receivable$3,413,142$3,251,878▼ $161,264
Accounts Receivable$37,202$478,259▲ $441,057
Inventories for Sale or Use$193,854$157,480▼ $36,374
Prepaid Expenses and Deferred Charges-$150,000-
Total Assets$12,132,532$14,399,337▲ $2,266,805
Other Assets Total$296,589$213,451▼ $83,138
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,044,485$2,906,603▼ $137,882
Accounts Payable and Accrued Expenses$2,099,965$2,571,869▲ $471,904
Other Liabilities$354,172$322,503▼ $31,669
Total Liabilities$5,498,622$5,800,975▲ $302,353
Net Assets / Fund Balance
Unrestricted Net Assets$4,534,935$5,358,086▲ $823,151
Temporarily Rstr Net Assets$2,098,975$3,240,276▲ $1,141,301
Total Net Assets Fund Balance$6,633,910$8,598,362▲ $1,964,452
Total Liabilities and Net Assets / Fund Balance$12,132,532$14,399,337▲ $2,266,805

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,601,059$647,584-
Other Land Buildings$39,993$125,520-
Land$500,000--
Equipment$652,745$763,328-
Other Assets Org$213,451--
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Daniel G AmadorSuperintendentFT$143,263$143,263
Thomas J KogerDirectorFT$143,263$143,263
Rene Gallegos JrC F OFT$122,160$122,160

Board Members and Trustees

NameTitle
Thomas J KogerBoard President
Denise MirandaBoard Member
Robert Anguiano JrBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$42,633,780
Program Service Revenue
$197,350
Investment Income
$6,355
Other Revenue
$0
All Other Contributions
$462,706
Change in Net Assets
$1,807,712

Audited Revenue Reconciliation

Revenue per Audited Statements
$42,837,485
Total Revenue per Audited Statements
$42,837,485
Total Revenue per Form 990
$42,837,485
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$24,285,358
Other Expenses$16,744,415
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$19,030,575$1,699,245$0$20,729,820
All Other Expenses$2,365,939$128,504$0$2,494,443
Other Employee Benefits$2,056,990$95,898$0$2,152,888
Occupancy$1,368,299$0$0$1,368,299
Other Expenses$1,068,561$153,515$0$1,222,076
Pension Plan Contributions$546,738$55,209$0$601,947
Current Officers, Directors, Trustees, and Key Employees$0$408,686$0$408,686
Payroll Taxes$361,253$30,764$0$392,017
Travel$240,059$101,252$0$341,311
Depreciation Depletion$285,247$0$0$285,247
Insurance$2,958$208,353$0$211,311
Fees for Services Legal$0$129,831$0$129,831
Interest$111,659$0$0$111,659
Information Technology$91,410$0$0$91,410
Fees for Services Accounting$0$37,200$0$37,200
Office Expenses$0$27,994$0$27,994
Total Functional Expenses$37,833,471$3,196,302$0$41,029,773

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$41,029,773
Total Expenses per Audited Statements$41,029,773
Total Expenses per Form 990$41,029,773
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
Other$143,518
Note Payable$137,882
Due to State$33,364
Accrued Interest$7,739

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$278,000$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
Chairman
Phone
2103336227
Signed
2017-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas J Koger
Formed
2001
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
2
Employees
894
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”

Form 990EZ, Part II, Line 24

“Investments”

Form 990EZ, Part II, Line 26

“Accounts Payable & Accrued Expenses”

Form 990, Part IX, Line 24E

“Gasoline & Maintenance 12417. 12417. 0. 0.”

Form 990, Part IX, Line 24E

“Rounding -1. -1. 0. 0.”

Form 990, Part IX, Line 24E

“Food Service 1337554. 1337554. 0. 0.”

Form 990, Part IX, Line 24E

“Security Services 324357. 324357. 0. 0.”

Form 990, Part IX, Line 24E

“Other Operating Costs 522130. 393626. 128504. 0.”

Form 990, Part IX, Line 24E

“General Supplies 297986. 297986. 0. 0.”

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IRS990/OtherExpensesGrp/ProgramServicesAmt01698658
IRS990/OtherExpensesGrp/ProgramServicesAmt16076505
IRS990/OtherExpensesGrp/ProgramServicesAmt22528620
IRS990/OtherExpensesGrp/ProgramServicesAmt31068561
IRS990/OtherExpensesGrp/TotalAmt01698658
IRS990/OtherExpensesGrp/TotalAmt16076505
IRS990/OtherExpensesGrp/TotalAmt22648471
IRS990/OtherExpensesGrp/TotalAmt31222076
IRS990/OtherLiabilitiesGrp/BOYAmt0354172
IRS990/OtherLiabilitiesGrp/EOYAmt0322503
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01699245
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt019030575
IRS990/OtherSalariesAndWagesGrp/TotalAmt020729820
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt030764
IRS990/PayrollTaxesGrp/ProgramServicesAmt0361253
IRS990/PayrollTaxesGrp/TotalAmt0392017
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt055209
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0546738
IRS990/PensionPlanContributionsGrp/TotalAmt0601947
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03413142
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03251878
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0150000
IRS990/PrincipalOfficerNm0THOMAS J KOGER
IRS990/PriorPeriodAdjustmentsAmt0156740
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Food Service Sales
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0197350
IRS990/ProgSrvcAccomActy2Grp/Desc0U S DEPARTMENT OF EDUCATION
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01564818
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01601054
IRS990/ProgSrvcAccomActy3Grp/Desc0U S DEPARTMENT OF AGRICULTURE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02709581
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01931661
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt036991065
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05783
IRS990/PYOtherExpensesAmt015483719
IRS990/PYOtherRevenueAmt012600
IRS990/PYProgramServiceRevenueAmt0112808
IRS990/PYRevenuesLessExpensesAmt0461854
IRS990/PYSalariesCompEmpBnftPaidAmt021176683
IRS990/PYTotalExpensesAmt036660402
IRS990/PYTotalRevenueAmt037122256
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01807712
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt037809943
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04337034
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06354472
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02601059
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0647584
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt03248643
IRS990ScheduleD/EquipmentGrp/BookValueAmt0652745
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0763328
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01416073
IRS990ScheduleD/ExpensesSubtotalAmt041029773
IRS990ScheduleD/LandGrp/BookValueAmt0500000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0500000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0213451
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Cost of Debt Issuance
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Other Assets
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt039993
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0125520
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0165513
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07739
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1143518
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2137882
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt333364
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Interest
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Note Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Due to State
IRS990ScheduleD/RevenueSubtotalAmt042837485
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03793797
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0213451
IRS990ScheduleD/TotalExpensesPerForm990Amt041029773
IRS990ScheduleD/TotalLiabilityAmt0322503
IRS990ScheduleD/TotalRevenuePerForm990Amt042837485
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt042837485
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt041029773
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/RetiredAmt0278000
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Prepaids
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Investments
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Accounts Payable & Accrued Expenses
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Gasoline & Maintenance 12417. 12417. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Rounding -1. -1. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Food Service 1337554. 1337554. 0. 0.

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$14,399,337
Liabilities
$5,800,975
Net assets
$8,598,362
Revenue
$42,837,485
Expenses
$41,029,773
Net income
$1,807,712
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
2016Detailed filing. Detailed filing data is available for this year.$14.4$5.80$8.60$42.8$41.0$1.81
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