Civic Intelligence

Phoenix Charter School

990 • Fiscal year 2014 • EIN 75-2113095

Sep 01, 2013 to Aug 31, 2014 • Filed on Apr 21, 2015

Organization ProfileWWW.PHOENIXSCHOOL.NET
8501 Jack Finney BlvdGreenville, TX 75402

(903) 454-7153

Siviq Scores

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

Liabilities / Assets

84th percentile

0.73x

Higher debt load relative to assets than 84% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

72nd percentile

0.55x

Higher debt load relative to revenue than 72% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

72nd percentile

13%

Higher net margin than 72% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

39th percentile

$96,415

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

91st percentile

36%

Faster asset growth than 91% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

64th percentile

9.6%

Faster revenue growth than 64% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$4,205,612

Up $1,108,517 (+36%) from 2013

Net Assets

Up

$1,120,544

Up $734,469 (+190%) from 2013

Liabilities

Up

$3,085,068

Up $374,048 (+14%) from 2013

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin72nd percentile

Revenue

Up

$5,635,954

Up $495,478 (+9.6%) from 2013

Expenses

Down

$4,901,485

Down $39,299 (-0.8%) from 2013

Net Income

Up

$734,469

Up $534,777 (+268%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $3,092,838Liabilities 2011: $2,875,332Net Assets 2011: $217,5062011Assets 2012: $2,920,141Liabilities 2012: $2,733,758Net Assets 2012: $186,3832012Assets 2013: $3,097,095Liabilities 2013: $2,711,020Net Assets 2013: $386,0752013Assets 2014: $4,205,612Liabilities 2014: $3,085,068Net Assets 2014: $1,120,5442014Assets 2015: $2,204,279Liabilities 2015: $770,806Net Assets 2015: $1,433,4732015

Highlighted filing

2014

Assets$4,205,612
Liabilities$3,085,068
Net Assets$1,120,544
Open 2014 Filing

Operations Trend

Revenue Growth64th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $4,812,133Expenses 2011: $4,972,483Net Income 2011: -$160,3502011Revenue 2012: $4,864,035Expenses 2012: $4,895,158Net Income 2012: -$31,1232012Revenue 2013: $5,140,476Expenses 2013: $4,940,784Net Income 2013: $199,6922013Revenue 2014: $5,635,954Expenses 2014: $4,901,485Net Income 2014: $734,4692014Revenue 2015: $5,675,919Expenses 2015: $5,362,990Net Income 2015: $312,9292015

Highlighted filing

2014

Revenue$5,635,954
Expenses$4,901,485
Net Income$734,469
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Apr 21, 2015
Return Version
2013v4.0
Gross Receipts
$5,678,248
Mission and Program Overview

Mission

The mission of the phoenix charter school is a creative educational experience that integrates fine arts into a strong traditional curriculum, embracing students, faculty, parents, professional artists, and community partners in building a society of life-long learners.

See schedule o the phoenix charter school is a creative educational experience that integrates fine arts into a strong traditional curriculum, embracing students, faculty, parents, professional artists, and community partners in building a society of life-long learners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,563,545$3,139,745▲ $576,200
Savings and Temporary Cash Investments$371,976$816,322▲ $444,346
Pledges and Grants Receivable$155,851$234,155▲ $78,304
Accounts Receivable-$9,587-
Prepaid Expenses and Deferred Charges$3,428$3,878▲ $450
Cash and Non-Interest-Bearing Accounts$2,095$1,725▼ $370
Total Assets$3,097,095$4,205,612▲ $1,108,517
Other Assets Total$200$200→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,470,320$2,798,854▲ $328,534
Accounts Payable and Accrued Expenses$240,700$286,214▲ $45,514
Total Liabilities$2,711,020$3,085,068▲ $374,048
Net Assets / Fund Balance
Unrestricted Net Assets$338,547$613,619▲ $275,072
Temporarily Rstr Net Assets$47,528$506,925▲ $459,397
Total Net Assets Fund Balance$386,075$1,120,544▲ $734,469
Total Liabilities and Net Assets / Fund Balance$3,097,095$4,205,612▲ $1,108,517

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,248,067$852,933$3,101,000
Land$755,855-$755,855
Equipment$135,823$243,173$378,996
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lula TurnipseedExecutive Director, SuptFT$93,155$3,260$96,415
Theresa AughtryFinance ManagerFT$41,636$3,011$44,647

Board Members and Trustees

NameTitle
Maxine ThomasPresident and Director
Demetrious NixonDirector
James OtisDirector
Susan WilsonSecretary and Director
Tricia HenrySecretary and Director
Teresa PrestienVice-pres and Director
Revenue and Support

Revenue Composition

Contributions and Grants
$5,383,670
Program Service Revenue
$229,854
Investment Income
$436
Other Revenue
$21,994
All Other Contributions
$4,359
Change in Net Assets
$734,469

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,635,954
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$22,169
Total Revenue per Audited Statements
$5,658,123
Total Revenue per Form 990
$5,635,954
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,507,318
Other Expenses$1,394,167
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,070,160$26,808-$3,096,968
Fees for Services Other$180,618$18,252-$198,870
Occupancy$180,996$16,990-$197,986
Other Employee Benefits$133,002$45,757-$178,759
Interest$168,223--$168,223
Current Officers, Directors, Trustees, and Key Employees-$134,792-$134,792
All Other Expenses$103,730$25,326-$129,056
Depreciation Depletion$105,262--$105,262
Other Expenses$67,908$11,024-$67,908
Pension Plan Contributions$51,582$866-$52,448
Payroll Taxes$42,227$2,124-$44,351
Travel$27,789$9,663-$37,452
Insurance$28,551--$28,551
Fees for Services Accounting-$15,511-$15,511
Fees for Services Legal-$12,730-$12,730
Total Functional Expenses$4,581,642$319,843$0$4,901,485

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,923,654
Expenses per Audited Statements$4,901,485
Total Expenses per Form 990$4,901,485
Expenses Not Reported on Form 990$22,169
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$53,738
Fundraising Direct Expenses$42,294
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$20,869$20,869$16,152$4,717
Event 2$28,280$13,780-$13,780
Total Events$73,202$53,077$42,294$10,783
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
Atlin R OtisDaughter-in-law of Board Director, James Otis2013 W-2 WagesNo$35,905
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
Yes
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

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Form 990 is prepared by outside accountants and reviewed by management. Management provides form 990 to the board of trustees who review then approve the report. The report is then signed by the superintendent.”

Form 990, Part VI, Section B, Line 12C

“The policy is annually reviewed in the governance forms which are submitted to the state of texas every fall.”

Form 990, Part VI, Section B, Line 15

“Management compensation is determined and voted by the independent board of trustees. The management comprising the principal and superintendents of the school abstain from voting. The above actions of the board are memorialized in the minutes.”

Form 990, Part VI, Section C, Line 19

“All policies and financial statements are provided to the texas education agency. The texas education agency posts an electronic copy of the audited financial statements on its website for public review.”

Filing and Contact Details

Filer

EIN
75-2113095
Phone
9034547153

Signing Officer

Name
Maxine Thomas
Title
President
Phone
9034547153
Signed
2015-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maxine Thomas
Formed
1986
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
5
Employees
157
Volunteers
10

Preparer

Preparer
William H Mozley
Phone
9726615872
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The independent trustees of the board assume responsibility for oversight of the audit and its financial statements and selection of an independent accountant.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising direct expenses that were reported as expense on audit were reclassed and included as fundraising direct expense on 990 statement of revenue part viii line 8b.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising direct expenses that were reported as expense on audit were reclassed and included as fundraising direct expense on 990 statement of revenue part viii line 8b.”

Raw XML AppendixShowing 400 of 477 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/ActivityOrMissionDesc0SEE SCHEDULE O THE PHOENIX CHARTER SCHOOL IS A CREATIVE EDUCATIONAL EXPERIENCE THAT INTEGRATES FINE ARTS INTO A STRONG TRADITIONAL CURRICULUM, EMBRACING STUDENTS, FACULTY, PARENTS, PROFESSIONAL ARTISTS, AND COMMUNITY PARTNERS IN BUILDING A SOCIETY OF LIFE-LONG LEARNERS.
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02124
IRS990/PayrollTaxesGrp/ProgramServicesAmt042227
IRS990/PayrollTaxesGrp/TotalAmt044351
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0866
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt051582
IRS990/PensionPlanContributionsGrp/TotalAmt052448
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0155851
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0234155
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03428
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03878
IRS990/PrincipalOfficerNm0MAXINE THOMAS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0171681
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt158173
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0171681
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt158173
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04897493
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0241
IRS990/PYOtherExpensesAmt01427778
IRS990/PYOtherRevenueAmt051029
IRS990/PYProgramServiceRevenueAmt0191713
IRS990/PYRevenuesLessExpensesAmt0199692
IRS990/PYSalariesCompEmpBnftPaidAmt03513006
IRS990/PYTotalExpensesAmt04940784
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05140476
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0734469
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0240404
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0371976
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0816322
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/BookValueAmt02248067
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0852933
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03101000
IRS990ScheduleD/EquipmentGrp/BookValueAmt0135823
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0243173
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0378996
IRS990ScheduleD/ExpensesNotReportedAmt022169
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04901485
IRS990ScheduleD/LandGrp/BookValueAmt0755855
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0755855
IRS990ScheduleD/OtherExpensesIncludedAmt022169
IRS990ScheduleD/OtherRevenueAmt022169
IRS990ScheduleD/RevenueNotReportedAmt022169
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05635954
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING DIRECT EXPENSES THAT WERE REPORTED AS EXPENSE ON AUDIT WERE RECLASSED AND INCLUDED AS FUNDRAISING DIRECT EXPENSE ON 990 STATEMENT OF REVENUE PART VIII LINE 8B.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING DIRECT EXPENSES THAT WERE REPORTED AS EXPENSE ON AUDIT WERE RECLASSED AND INCLUDED AS FUNDRAISING DIRECT EXPENSE ON 990 STATEMENT OF REVENUE PART VIII LINE 8B.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03139745
IRS990ScheduleD/TotalExpensesPerForm990Amt04901485
IRS990ScheduleD/TotalRevenuePerForm990Amt05635954
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05658123
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04923654
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0INCLUDED IN THE STUDENT HANDBOOK WHICH IS POSTED ON THE SCHOOL'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES A SIGNIFICANT AMOUNT OF FUNDING FROM THE TEXAS EDUCATION AGENCY WHICH INCLUDE STATE AND FEDERAL SOURCED FUNDS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt020125
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt014500
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt05625
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt042294
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt020869
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt028280
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt024053
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt073202
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt020869
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt013780
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt018428
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt053077
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0CHOCOLATE CANDY SALES
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent2Amt0NISSA VERSA CAR RAFFLE
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt010783
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt014500
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesOtherEventsAmt05625
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt020125
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt04732
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt020884
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt016152
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt01285
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt01285
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ATLIN R OTIS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DAUGHTER-IN-LAW OF BOARD DIRECTOR, JAMES OTIS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt035905
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc02013 W-2 WAGES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY OUTSIDE ACCOUNTANTS AND REVIEWED BY MANAGEMENT. MANAGEMENT PROVIDES FORM 990 TO THE BOARD OF TRUSTEES WHO REVIEW THEN APPROVE THE REPORT. THE REPORT IS THEN SIGNED BY THE SUPERINTENDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE POLICY IS ANNUALLY REVIEWED IN THE GOVERNANCE FORMS WHICH ARE SUBMITTED TO THE STATE OF TEXAS EVERY FALL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT COMPENSATION IS DETERMINED AND VOTED BY THE INDEPENDENT BOARD OF TRUSTEES. THE MANAGEMENT COMPRISING THE PRINCIPAL AND SUPERINTENDENTS OF THE SCHOOL ABSTAIN FROM VOTING. THE ABOVE ACTIONS OF THE BOARD ARE MEMORIALIZED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL POLICIES AND FINANCIAL STATEMENTS ARE PROVIDED TO THE TEXAS EDUCATION AGENCY. THE TEXAS EDUCATION AGENCY POSTS AN ELECTRONIC COPY OF THE AUDITED FINANCIAL STATEMENTS ON ITS WEBSITE FOR PUBLIC REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE INDEPENDENT TRUSTEES OF THE BOARD ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt047528

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,205,612
Liabilities
$3,085,068
Net assets
$1,120,544
Revenue
$5,635,954
Expenses
$4,901,485
Net income
$734,469
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$2.20$0.77$1.43$5.68$5.36$0.31
2014Detailed filing. Detailed filing data is available for this year.$4.21$3.09$1.12$5.64$4.90$0.73
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.10$2.71$0.39$5.14$4.94$0.20
2012Summary only. Only limited summary data is available for this year.$2.92$2.73$0.19$4.86$4.90$0.03
2011Summary only. Only limited summary data is available for this year.$3.09$2.88$0.22$4.81$4.97$0.16