Civic Intelligence

Headwaters School

990 • Fiscal year 2015 • EIN 74-3020203

Jul 01, 2014 to Jun 30, 2015 • Filed on May 16, 2016

Organization Profilewww.khabele.org

View Organization Page

801 Rio GrandeAustin, TX 78701

(512) 480-8142

Siviq Scores

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

Liabilities / Assets

86th percentile

0.82x

Higher debt load relative to assets than 86% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

78th percentile

0.82x

Higher debt load relative to revenue than 78% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

22nd percentile

-6.0%

Higher net margin than 22% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

63rd percentile

$150,000

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

49th percentile

0.4%

Faster asset growth than 49% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

49th percentile

3.2%

Faster revenue growth than 49% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$7,057,108

Up $30,392 (+0.4%) from 2014

Net Assets

Down

$1,276,312

Down $427,937 (-25%) from 2014

Liabilities

Up

$5,780,796

Up $458,329 (+8.6%) from 2014

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin22nd percentile

Revenue

Up

$7,085,720

Up $222,555 (+3.2%) from 2014

Expenses

Up

$7,513,657

Up $736,885 (+11%) from 2014

Net Income

Down

-$427,937

Down $514,330 (-595%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$30M$20M$10M$0Assets 2011: $4,000,182Liabilities 2011: $2,490,362Net Assets 2011: $1,509,8202011Assets 2012: $6,109,432Liabilities 2012: $4,239,565Net Assets 2012: $1,869,8672012Assets 2013: $6,391,416Liabilities 2013: $4,368,999Net Assets 2013: $2,022,4172013Assets 2014: $7,026,716Liabilities 2014: $5,322,467Net Assets 2014: $1,704,2492014Assets 2015: $7,057,108Liabilities 2015: $5,780,796Net Assets 2015: $1,276,3122015Assets 2016: $8,215,761Liabilities 2016: $5,563,078Net Assets 2016: $2,652,6832016Assets 2017: $12,948,755Liabilities 2017: $9,344,723Net Assets 2017: $3,604,0322017Assets 2018: $13,652,067Liabilities 2018: $9,668,240Net Assets 2018: $3,983,8272018Assets 2019: $13,659,328Liabilities 2019: $9,432,943Net Assets 2019: $4,226,3852019Assets 2020: $13,733,480Liabilities 2020: $10,039,227Net Assets 2020: $3,694,2532020Assets 2021: $15,508,663Liabilities 2021: $10,220,582Net Assets 2021: $5,288,0812021Assets 2022: $17,418,867Liabilities 2022: $10,544,116Net Assets 2022: $6,874,7512022Assets 2023: $20,589,237Liabilities 2023: $12,064,184Net Assets 2023: $8,525,0532023Assets 2024: $20,779,124Liabilities 2024: $10,952,965Net Assets 2024: $9,826,1592024

Highlighted filing

2015

Assets$7,057,108
Liabilities$5,780,796
Net Assets$1,276,312
Open 2015 Filing

Operations Trend

Revenue Growth49th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $4,470,978Expenses 2011: $4,227,945Net Income 2011: $243,0332011Expenses 2012: $6,296,9502012Revenue 2013: $3,024,945Expenses 2013: $2,872,395Net Income 2013: $152,5502013Revenue 2014: $6,863,165Expenses 2014: $6,776,772Net Income 2014: $86,3932014Revenue 2015: $7,085,720Expenses 2015: $7,513,657Net Income 2015: -$427,9372015Revenue 2016: $8,809,675Expenses 2016: $7,433,303Net Income 2016: $1,376,3722016Revenue 2017: $8,969,021Expenses 2017: $8,017,672Net Income 2017: $951,3492017Revenue 2018: $8,528,200Expenses 2018: $8,148,405Net Income 2018: $379,7952018Revenue 2019: $8,890,455Expenses 2019: $8,647,897Net Income 2019: $242,5582019Revenue 2020: $8,530,521Expenses 2020: $8,807,052Net Income 2020: -$276,5312020Revenue 2021: $9,385,546Expenses 2021: $7,791,718Net Income 2021: $1,593,8282021Revenue 2022: $11,289,242Expenses 2022: $9,702,572Net Income 2022: $1,586,6702022Revenue 2023: $12,900,322Expenses 2023: $12,660,826Net Income 2023: $239,4962023Revenue 2024: $13,172,220Expenses 2024: $12,554,608Net Income 2024: $617,6122024

Highlighted filing

2015

Revenue$7,085,720
Expenses$7,513,657
Net Income-$427,937
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 16, 2016
Return Version
2014v6.0
Gross Receipts
$7,094,380
Mission and Program Overview

Mission

Beginning with a montessori foundation and progressing to the international baccalaureate (ib) diploma programme, headwaters serves students from early childhood through grade 12 to live authentically, think expansively, and create bravely. We are inspired, organized, and guided by our purpose, promise, and pact. These ideas serve as the foundation for our daily work.

Our mission is to provide an effective, transformational, and community-oriented educational experience for children ages 18 months through high school. Our school is a community center in which people of all ages evolve in their relationship to themselves, each other, and the world. As a true community, each and every member's full participation is honored and required.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,741,387$5,515,922▲ $774,535
Savings and Temporary Cash Investments$1,186,599$1,086,503▼ $100,096
Pledges and Grants Receivable$535,303--
Cash and Non-Interest-Bearing Accounts$130,364$212,197▲ $81,833
Accounts Receivable$22,679$56,222▲ $33,543
Total Assets$7,026,716$7,057,108▲ $30,392
Other Assets Total$410,384$186,264▼ $224,120
Liabilities
Deferred Revenue$2,339,229$2,373,769▲ $34,540
Mortgage Notes Payable Secured by Investment Property$2,176,451$2,076,999▼ $99,452
Unsecured Notes Loans Payable$635,532$1,279,890▲ $644,358
Other Liabilities$171,363$52,338▼ $119,025
Accounts Payable and Accrued Expenses$-108$-2,200▼ $2,092
Total Liabilities$5,322,467$5,780,796▲ $458,329
Net Assets / Fund Balance
Unrestricted Net Assets$1,680,259$1,218,052▼ $462,207
Temporarily Rstr Net Assets$23,990$58,260▲ $34,270
Total Net Assets Fund Balance$1,704,249$1,276,312▼ $427,937
Total Liabilities and Net Assets / Fund Balance$7,026,716$7,057,108▲ $30,392

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,339,821$532,074$4,871,895
Land$1,005,664-$1,005,664
Equipment$127,129$390,047$517,176
Other Land Buildings$43,308$107,501$150,809
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleBaseTotal
Stephen BlanchardHead of School$150,000$150,000
Lori LankfordHead of Operations$73,578$73,578

Board Members and Trustees

NameTitle
-Chairman/President
-Vice Chairwomen
-Trustee
-Secetary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$615,235
Program Service Revenue
$6,339,617
Investment Income
$5
Other Revenue
$130,863
All Other Contributions
$64,104
Change in Net Assets
$-427,937

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,822,864
Revenue Not Reported on Financial Statements
$262,856
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$262,856
Total Revenue per Audited Statements
$6,822,864
Total Revenue per Form 990
$7,085,720
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,599,968
Other Expenses$2,650,833
Total Fundraising Expense$622,645
Grants and Similar Amounts Paid$262,856
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,097,996$545,617$47,043$3,690,656
Occupancy$594,945$98,241$6,639$699,825
Other Employee Benefits$305,837--$305,837
Payroll Taxes$279,127--$279,127
Grants to Domestic Individuals$262,856--$262,856
Current Officers, Directors, Trustees, and Key Employees$195,057$37,542$2,401$235,000
Depreciation Depletion$159,808$30,530$1,920$192,258
All Other Expenses$132,500$42,750$1,483$176,733
Fees for Services Legal-$129,139-$129,139
Fees for Services Other$6,322$116,102-$122,424
Interest$96,559$14,098$1,231$111,888
Other Expenses$102,435$2,807$553,602$105,242
Pension Plan Contributions$89,348--$89,348
Information Technology$45,893$5,641$493$52,027
Fees for Services Accounting-$46,214-$46,214
Insurance$36,653--$36,653
Advertising$23,710-$7,833$31,543
Office Expenses$30,116--$30,116
Conferences and Meetings$13,905$10,426-$24,331
Travel$21,937--$21,937
Total Functional Expenses$5,811,905$1,079,107$622,645$7,513,657

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,513,657
Expenses per Audited Statements$7,250,801
Total Expenses per Audited Statements$7,250,801
Expenses Not Reported on Financial Statements$262,856
Other Expense Adjustments$262,856
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$8,660
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Annual Fund 2013-2014$371,656-$5,057-
HOS Contribution$150,000-$2,469-
Total Events$551,131-$8,660$-8,660
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Relationship between interested person and the organization.The School leases property at 805, 807, and 809 Rio Grande that is owned by Khabele Expansion Properties, LLc, which is now in turn owned by Letsie and Jennifer Khabele.No$340,716
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities, Serverance$52,338
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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

Form 990, Part VI, Section A, line 2

“Letsie & Jennifer Khabele have a family relationship.”

Form 990, Part VI, Section B, line 11

“The Organization's governing documents and financial statements are available for public inspection at the organizations office during normal business hours.”

Form 990, Part VI, Section C, line 19

“The Organization's governing documents and financial statements are available for public inspection at the organizations office during normal business hours.”

Form 990 Part VI, Section A, Line 2:

“Letsie & Jennifer Khabele have a family relationship.”

Form 990, Part VI, Section B, Line 11

“There was a review of the complete unredacted form 990. It was reviewd by the entire board with Lori during the May board meeting. The 990 was reviewed in great detail and there was a rigorous Q & A.”

Form 990, Part VII, Section C, Line 19:

“The Organization's governing documents and financial statements are available for public inspection at the organizations office during normal business hours.”

Filing and Contact Details

Filer

Filer Name
The Khabele School
EIN
74-3020203
Phone
5124808142
Address
801 Rio Grande, Austin, TX 78701

Signing Officer

Name
J Stephen Ravel
Title
Chairman
Phone
5124808142
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Stephen Ravel
Formed
2001
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
165
Volunteers
0

Preparer

Firm
PMB Helin Donovan LLP
Address
5918 W Courtyard Drive Suite 500, Austin, TX 78730
Preparer
Wallace F Helin
Phone
5122589670
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1, Description of Organization Mission:

“Children ages 18 months through 18 years. Our school is a community center in which people of all ages evolve in their relationship to themselves, each other, and the world. As a true community, each and every members full participation is honored and required.”

Form 990, Part III, Line 1, Description of Organization Mission:

“True community, each and every member's full participation is honored and required.”

Financial Statement Notes

Part X, Line 2:

“The School regularly assesses uncertain tax positions in each of the tax jurisdictions in which it has operations and accounts for the related financial statement implications. Unrecognized tax benefits are reported using the two-step approach under which tax effects of a position are recognized only if it is more-likely-than-not to be sustained and the amount of the tax benefit recognized is equal to the largest tax benefit that is greater than fifty percent likely of being realized upon ultimate settlement of the tax position. Determining the appropriate level of unrecognized tax benefits requires the School to exercise judgment regarding the uncertain application of tax law. The amount of unrecognized tax benefits is adjusted when information becomes available or when an event occurs indicating a change is appropriate. Future changes in unrecognized tax benefits requirements could have a material impact on the results of operations.”

Part XI, Line 4B - Other Adjustments:

“Grants”

Part XII, Line 4B - Other Adjustments:

“Grants”

schedule D, page 4, part XI, lines 2D & 4B

“This adjustment represents grants as part of revenue.”

Schedule D, page 4, part XII, lines 2D and 4B

“This adjustment represents grants as part of revenue.”

Raw XML AppendixShowing 400 of 557 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/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0Head of Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt1Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chairman/President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secetary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Vice Chairwomen
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0551131
IRS990/FundraisingDirectExpensesAmt08660
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantAmt0262856
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0262856
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0262856
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07094380
IRS990/GrossRentsGrp/RealAmt018665
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0493
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt05641
IRS990/InformationTechnologyGrp/ProgramServicesAmt045893
IRS990/InformationTechnologyGrp/TotalAmt052027
IRS990/InsuranceGrp/ProgramServicesAmt036653
IRS990/InsuranceGrp/TotalAmt036653
IRS990/InterestGrp/FundraisingAmt01231
IRS990/InterestGrp/ManagementAndGeneralAmt014098
IRS990/InterestGrp/ProgramServicesAmt096559
IRS990/InterestGrp/TotalAmt0111888
IRS990/InvestmentIncomeGrp/ExclusionAmt05
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01029622
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04741387
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05515922
IRS990/LandBldgEquipCostOrOtherBssAmt06545544
IRS990/LegalDomicileStateCd0TX
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To provide an effective, transformational, and community-oriented educational experience for children ages 18 months through 18 years.Our school is a Community center in which people of all ages evolve in their relationship to themeselves, each other, and the world. As a true community, each and every member's full participation is honored and required.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02176451
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02076999
IRS990/NetAssetsOrFundBalancesBOYAmt01704249
IRS990/NetAssetsOrFundBalancesEOYAmt01276312
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-8660
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-8660
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt018665
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt018665
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt06639
IRS990/OccupancyGrp/ManagementAndGeneralAmt098241
IRS990/OccupancyGrp/ProgramServicesAmt0594945
IRS990/OccupancyGrp/TotalAmt0699825
IRS990/OfficeExpensesGrp/ProgramServicesAmt030116
IRS990/OfficeExpensesGrp/TotalAmt030116
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0410384
IRS990/OtherAssetsTotalGrp/EOYAmt0186264
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0305837
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0305837
IRS990/OtherExpensesGrp/Desc0Bad Debt Expense
IRS990/OtherExpensesGrp/Desc1Upper School Expenses
IRS990/OtherExpensesGrp/Desc2Elementary Campus
IRS990/OtherExpensesGrp/Desc3Repairs
IRS990/OtherExpensesGrp/FundraisingAmt0553602
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02807
IRS990/OtherExpensesGrp/ProgramServicesAmt0-57242
IRS990/OtherExpensesGrp/ProgramServicesAmt1247677
IRS990/OtherExpensesGrp/ProgramServicesAmt2126466
IRS990/OtherExpensesGrp/ProgramServicesAmt3102435
IRS990/OtherExpensesGrp/TotalAmt0496360
IRS990/OtherExpensesGrp/TotalAmt1247677
IRS990/OtherExpensesGrp/TotalAmt2126466
IRS990/OtherExpensesGrp/TotalAmt3105242
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt0171363
IRS990/OtherLiabilitiesGrp/EOYAmt052338
IRS990/OtherRevenueMiscGrp/BusinessCd0999999
IRS990/OtherRevenueMiscGrp/BusinessCd1999999
IRS990/OtherRevenueMiscGrp/Desc0Cafe Income
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous
IRS990/OtherRevenueMiscGrp/ExclusionAmt0119826
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01032
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0119826
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11032
IRS990/OtherRevenueTotalAmt0120858
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt047043
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0545617
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03097996
IRS990/OtherSalariesAndWagesGrp/TotalAmt03690656
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0279127
IRS990/PayrollTaxesGrp/TotalAmt0279127
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt089348
IRS990/PensionPlanContributionsGrp/TotalAmt089348
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0535303
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0J STEPHEN RAVEL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0Tuition and Fees
IRS990/ProgramServiceRevenueGrp/Desc1Other program revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06268644
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt170973
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06268644
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt170973
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0657785
IRS990/PYExcessBenefitTransInd01
IRS990/PYGrantsAndSimilarPaidAmt0319238
IRS990/PYInvestmentIncomeAmt0795
IRS990/PYOtherExpensesAmt02476973
IRS990/PYOtherRevenueAmt093313
IRS990/PYProgramServiceRevenueAmt06111272
IRS990/PYRevenuesLessExpensesAmt086393
IRS990/PYSalariesCompEmpBnftPaidAmt03980561
IRS990/PYTotalExpensesAmt06776772
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06863165
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-427937
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt018665
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06340649
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01186599
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01086503
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt04339821
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0532074
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04871895
IRS990ScheduleD/EquipmentGrp/BookValueAmt0127129
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0390047
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0517176
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0262856
IRS990ScheduleD/ExpensesSubtotalAmt07250801
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01005664
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01005664
IRS990ScheduleD/OtherExpensesNotIncludedAmt0262856
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt043308
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0107501
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0150809
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt052338
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Liabilities, Serverance
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0262856
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0262856
IRS990ScheduleD/RevenueSubtotalAmt06822864
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School regularly assesses uncertain tax positions in each of the tax jurisdictions in which it has operations and accounts for the related financial statement implications. Unrecognized tax benefits are reported using the two-step approach under which tax effects of a position are recognized only if it is more-likely-than-not to be sustained and the amount of the tax benefit recognized is equal to the largest tax benefit that is greater than fifty percent likely of being realized upon ultimate settlement of the tax position. Determining the appropriate level of unrecognized tax benefits requires the School to exercise judgment regarding the uncertain application of tax law. The amount of unrecognized tax benefits is adjusted when information becomes available or when an event occurs indicating a change is appropriate. Future changes in unrecognized tax benefits requirements could have a material impact on the results of operations.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Grants
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Grants
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3This adjustment represents grants as part of revenue.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4This adjustment represents grants as part of revenue.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3schedule d, page 4, part XI, lines 2d & 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Schedule D, page 4, part XII, lines 2d and 4b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05515922
IRS990ScheduleD/TotalExpensesPerForm990Amt07513657
IRS990ScheduleD/TotalLiabilityAmt052338
IRS990ScheduleD/TotalRevenuePerForm990Amt07085720
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06822864
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07250801
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$7,057,108
Liabilities
$5,780,796
Net assets
$1,276,312
Revenue
$7,085,720
Expenses
$7,513,657
Net income
-$427,937
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.8$11.0$9.83$13.2$12.6$0.62
2023Detailed filing. Detailed filing data is available for this year.$20.6$12.1$8.53$12.9$12.7$0.24
2022Detailed filing. Detailed filing data is available for this year.$17.4$10.5$6.87$11.3$9.70$1.59
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.5$10.2$5.29$9.39$7.79$1.59
2020Detailed filing. Detailed filing data is available for this year.$13.7$10.0$3.69$8.53$8.81$0.28
2019Detailed filing. Detailed filing data is available for this year.$13.7$9.43$4.23$8.89$8.65$0.24
2018Detailed filing. Detailed filing data is available for this year.$13.7$9.67$3.98$8.53$8.15$0.38
2017Detailed filing. Detailed filing data is available for this year.$12.9$9.34$3.60$8.97$8.02$0.95
2016Summary only. Only limited summary data is available for this year.$8.22$5.56$2.65$8.81$7.43$1.38
2015Detailed filing. Detailed filing data is available for this year.$7.06$5.78$1.28$7.09$7.51$0.43
2014Detailed filing. Detailed filing data is available for this year.$7.03$5.32$1.70$6.86$6.78$0.09
2013Summary only. Only limited summary data is available for this year.$6.39$4.37$2.02$3.02$2.87$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.11$4.24$1.87$6.30
2011Summary only. Only limited summary data is available for this year.$4.00$2.49$1.51$4.47$4.23$0.24