Civic Intelligence

Cumberland Academy

990 • Fiscal year 2017 • EIN 75-2651114

Sep 01, 2016 to Aug 31, 2017 • Filed on Jul 02, 2018

Organization ProfileCUMBERLANDACADEMY.COM
1340 Shiloh RoadTyler, TX 75703

(903) 581-2890

Siviq Scores

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

Liabilities / Assets

89th percentile

0.88x

Higher debt load relative to assets than 89% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

2.97x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

72nd percentile

13%

Higher net margin than 72% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$107,163

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

96th percentile

55%

Faster asset growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

81st percentile

27%

Faster revenue growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$44,109,305

Up $15,599,100 (+55%) from 2016

Net Assets

Up

$5,443,415

Up $1,706,771 (+46%) from 2016

Liabilities

Up

$38,665,890

Up $13,892,329 (+56%) from 2016

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin72nd percentile

Revenue

Up

$13,015,482

Up $2,786,638 (+27%) from 2016

Expenses

Up

$11,308,711

Up $1,934,235 (+21%) from 2016

Net Income

Up

$1,706,771

Up $852,403 (+100%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$100M$50M$0-$50MAssets 2010: $731,110Liabilities 2010: $816,630Net Assets 2010: -$85,5202010Assets 2011: $659,677Liabilities 2011: $493,901Net Assets 2011: $165,7762011Assets 2012: $9,240,983Liabilities 2012: $8,474,511Net Assets 2012: $766,4722012Assets 2013: $8,713,185Liabilities 2013: $7,971,127Net Assets 2013: $742,0582013Assets 2014: $18,974,635Liabilities 2014: $17,630,803Net Assets 2014: $1,343,8322014Assets 2015: $18,924,264Liabilities 2015: $16,163,271Net Assets 2015: $2,760,9932015Assets 2016: $28,510,205Liabilities 2016: $24,773,561Net Assets 2016: $3,736,6442016Assets 2017: $44,109,305Liabilities 2017: $38,665,890Net Assets 2017: $5,443,4152017Assets 2018: $57,077,103Liabilities 2018: $48,766,062Net Assets 2018: $8,311,0412018Assets 2019: $70,147,913Liabilities 2019: $58,994,741Net Assets 2019: $11,153,1722019Assets 2020: $91,533,480Liabilities 2020: $77,147,863Net Assets 2020: $14,385,6172020Assets 2021: $90,731,403Liabilities 2021: $75,793,225Net Assets 2021: $14,938,1782021Assets 2022: $91,837,212Liabilities 2022: $76,778,088Net Assets 2022: $15,059,1242022Assets 2023: $89,393,211Liabilities 2023: $75,723,730Net Assets 2023: $13,669,4812023Assets 2024: $95,415,735Liabilities 2024: $84,556,220Net Assets 2024: $10,859,5152024

Highlighted filing

2017

Assets$44,109,305
Liabilities$38,665,890
Net Assets$5,443,415
Open 2017 Filing

Operations Trend

Revenue Growth81st percentile

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

$30M$20M$10M$0-$10MExpenses 2010: $2,441,9322010Revenue 2011: $3,353,977Expenses 2011: $3,102,681Net Income 2011: $251,2962011Expenses 2012: $2,993,5292012Expenses 2013: $3,785,4592013Revenue 2014: $6,850,728Expenses 2014: $6,248,954Net Income 2014: $601,7742014Revenue 2015: $8,687,191Expenses 2015: $7,270,030Net Income 2015: $1,417,1612015Revenue 2016: $10,228,844Expenses 2016: $9,374,476Net Income 2016: $854,3682016Revenue 2017: $13,015,482Expenses 2017: $11,308,711Net Income 2017: $1,706,7712017Revenue 2018: $16,730,314Expenses 2018: $13,862,688Net Income 2018: $2,867,6262018Revenue 2019: $19,535,010Expenses 2019: $16,692,879Net Income 2019: $2,842,1312019Revenue 2020: $22,998,506Expenses 2020: $19,766,061Net Income 2020: $3,232,4452020Revenue 2021: $21,554,742Expenses 2021: $21,002,181Net Income 2021: $552,5612021Revenue 2022: $22,775,705Expenses 2022: $22,654,759Net Income 2022: $120,9462022Revenue 2023: $24,348,710Expenses 2023: $25,738,353Net Income 2023: -$1,389,6432023Revenue 2024: $24,724,177Expenses 2024: $27,534,143Net Income 2024: -$2,809,9662024

Highlighted filing

2017

Revenue$13,015,482
Expenses$11,308,711
Net Income$1,706,771
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jul 2, 2018
Return Version
2016v3.0
Gross Receipts
$13,015,482
Mission and Program Overview

Mission

To provide a superior academic program enhanced by training in performing arts and a technologically advanced curriculum.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$26,842,722$41,688,296▲ $14,845,574
Cash and Non-Interest-Bearing Accounts$791,516$1,157,765▲ $366,249
Accounts Receivable$564,381$842,576▲ $278,195
Total Assets$28,510,205$44,109,305▲ $15,599,100
Other Assets Total$311,586$420,668▲ $109,082
Liabilities
Mortgage Notes Payable Secured by Investment Property$24,374,807$37,108,521▲ $12,733,714
Accounts Payable and Accrued Expenses$235,427$1,391,946▲ $1,156,519
Other Liabilities$163,327$165,423▲ $2,096
Total Liabilities$24,773,561$38,665,890▲ $13,892,329
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,736,644$5,443,415▲ $1,706,771
Total Net Assets Fund Balance$3,736,644$5,443,415▲ $1,706,771
Total Liabilities and Net Assets / Fund Balance$28,510,205$44,109,305▲ $15,599,100

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$37,268,085$3,271,561$40,539,646
Land$4,388,639-$4,388,639
Equipment$31,572$292,292$323,864
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Norma CottonExecutive DirectorFT$107,163$107,163

Board Members and Trustees

NameTitle
Dr James CottonBoard President
Vance HendrixVice President
Chris MooreBoard Member
Frank WardBoard Member
Susan EllsworthBoard Member
Mary IrwinSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Rlm General ContractorsConstruction315 ENTERPRISE STREET, Longview, TX 75604$4,829,366
Wrl General ContractorsConstruction10858 FM 346, Flint, TX 75762$2,443,033
Labatt Food ServiceFood Service4500 INDUSTRY PARK DRIVE PO BOX, San Antonio, TX 78291-0137$181,650
Constellation EnergyElectricity100 CONSTELLATION WAY SUITE 500, Baltimore, MD 21202-6302$122,772
Revenue and Support

Revenue Composition

Contributions and Grants
$3,769
Program Service Revenue
$12,993,961
Investment Income
$211
Other Revenue
$17,541
All Other Contributions
$3,769
Change in Net Assets
$1,706,771

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,015,482
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$13,015,482
Total Revenue per Form 990
$13,015,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,230,574
Other Expenses$4,078,137
Total Fundraising Expense$1,470
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,420,878$82,846-$6,503,724
Interest-$982,223-$982,223
Depreciation Depletion$915,319--$915,319
All Other Expenses$383,540$138,408-$521,948
Other Employee Benefits$460,811$8,030-$468,841
Other Expenses$71,303$87,806$345$159,454
Payroll Taxes$147,149$3,697-$150,846
Current Officers, Directors, Trustees, and Key Employees$42$107,121-$107,163
Fees for Services Legal-$70,835-$70,835
Insurance$63,438--$63,438
Occupancy$34,612$6,715-$41,327
Travel$23,925$206-$24,131
Fees for Services Accounting-$18,100-$18,100
Total Functional Expenses$9,751,613$1,555,628$1,470$11,308,711

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,308,711
Total Expenses per Audited Statements$11,308,711
Total Expenses per Form 990$11,308,711
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Interest Payable$90,813
Due to Student Groups$74,610

Bond Issues

BondIssuerIssuedIssue PricePurpose
BCrawford Education Facilities Corporation2013-10-04$10,000,000MIDDLE SCHOOL
COglesby Education Facilities Corporation2015-12-18$10,000,000HIGH SCHOOL
AOglesby Education Facilities Corporation2011-09-07$8,750,000ELEMENTARY SCHOOL
DCrawford Education Facilities Corporation2017-07-11$2,981,445ELEMENTARY SCHOOL

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A--$4,197,203$175,000
B--$2,184,108$183,657
C--$492,995$206,910
D---$51,498

Bond Financing Compliance

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“Dr. James cotton, board president, is married to norma cotton, executive director of the school.”

Form 990, Part VI, Section B, line 11B

“A certified public accountant prepares the federal form 990 with assistance from management. Management and the board of directors review the federal form 990 before submission.”

Form 990, Part VI, Section C, line 18

“Cumberland academy makes its 990 available to the public upon request.”

Form 990, Part VI, Section C, line 19

“Cumberland academy makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Cumberland Academy
EIN
75-2651114
Phone
9035812890
Address
1340 SHILOH ROAD, TYLER, TX 75703

Signing Officer

Name
Dr James Cotton
Title
President
Phone
9035812890
Signed
2018-07-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr James Cotton
Formed
1998
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
5
Employees
260
Volunteers
170

Preparer

Firm
Freemon Shapard & Story
Address
2088 Zihlman Road, Windthorst, TX 76389
Preparer
H Ted Neeb CPA
Phone
9404236226
Supplemental Narrative

Additional Explanations

Schedule K Was Erroneously Left Off the Originally Filed Form 990.

“Schedule k was erroneously left off the originally filed form 990. The 990 is being amended to properly include schedule k.”

Raw XML AppendixShowing 400 of 632 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/NetIncomeOrLossGrp/TotalRevenueColumnAmt017541
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06715
IRS990/OccupancyGrp/ProgramServicesAmt034612
IRS990/OccupancyGrp/TotalAmt041327
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0311586
IRS990/OtherAssetsTotalGrp/EOYAmt0420668
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08030
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0460811
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0468841
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1FOOD SERVICE
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS OPERATING
IRS990/OtherExpensesGrp/FundraisingAmt01125
IRS990/OtherExpensesGrp/FundraisingAmt1345
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt040305
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19336
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt287806
IRS990/OtherExpensesGrp/ProgramServicesAmt0796921
IRS990/OtherExpensesGrp/ProgramServicesAmt1256300
IRS990/OtherExpensesGrp/ProgramServicesAmt2177375
IRS990/OtherExpensesGrp/ProgramServicesAmt371303
IRS990/OtherExpensesGrp/TotalAmt0838351
IRS990/OtherExpensesGrp/TotalAmt1256300
IRS990/OtherExpensesGrp/TotalAmt2186711
IRS990/OtherExpensesGrp/TotalAmt3159454
IRS990/OtherLiabilitiesGrp/BOYAmt0163327
IRS990/OtherLiabilitiesGrp/EOYAmt0165423
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt082846
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06420878
IRS990/OtherSalariesAndWagesGrp/TotalAmt06503724
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03697
IRS990/PayrollTaxesGrp/ProgramServicesAmt0147149
IRS990/PayrollTaxesGrp/TotalAmt0150846
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DR JAMES COTTON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0TEA REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1FEDERAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2LOCAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3FOOD SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc4STATE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011998168
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1659226
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2183489
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3126352
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt426726
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011998168
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1659226
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2183489
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3126352
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt426726
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0501
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03552
IRS990/PYOtherExpensesAmt03427801
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt010224791
IRS990/PYRevenuesLessExpensesAmt0854368
IRS990/PYSalariesCompEmpBnftPaidAmt05946675
IRS990/PYTotalExpensesAmt09374476
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010228844
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01706771
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt013011713
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt037268085
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03271561
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt040539646
IRS990ScheduleD/EquipmentGrp/BookValueAmt031572
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0292292
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0323864
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011308711
IRS990ScheduleD/LandGrp/BookValueAmt04388639
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04388639
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt090813
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt174610
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO STUDENT GROUPS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt013015482
IRS990ScheduleD/TotalBookValueLandBuildingsAmt041688296
IRS990ScheduleD/TotalExpensesPerForm990Amt011308711
IRS990ScheduleD/TotalLiabilityAmt0165423
IRS990ScheduleD/TotalRevenuePerForm990Amt013015482
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013015482
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011308711
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/ExplanationTxt0NEWSPAPER ADVERTISEMENTS, ANNOUNCEMENTS, POLICY STATEMENT IN HANDBOOK
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1CUMBERLAND ACADEMY OPERATES A CHARTER SCHOOL IN TYLER, TX AND AS SUCH RECEIVES REVENUE FROM THE TEXAS EDUCATION AGENCY AND RELATED STATE AND FEDERAL AGENCIES AS ENTITLEMENTS AND/OR GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd2C
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd3D
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd11
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd21
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd31
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0As to part IV, item 2(c), at no time were the proceeds of any of the issues invested in obligations having a yield in excess of the yield on the bonds.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Item 2(c)
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd3D
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd30
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd30
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd30
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd30
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd30
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd21
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd31
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd30
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd30
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02011-09-07
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12013-10-04
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt22015-12-18

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$44,109,305
Liabilities
$38,665,890
Net assets
$5,443,415
Revenue
$13,015,482
Expenses
$11,308,711
Net income
$1,706,771
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$95.4$84.6$10.9$24.7$27.5$2.81
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$89.4$75.7$13.7$24.3$25.7$1.39
2022Detailed filing. Detailed filing data is available for this year.$91.8$76.8$15.1$22.8$22.7$0.12
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$90.7$75.8$14.9$21.6$21.0$0.55
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$91.5$77.1$14.4$23.0$19.8$3.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$70.1$59.0$11.2$19.5$16.7$2.84
2018Detailed filing. Detailed filing data is available for this year.$57.1$48.8$8.31$16.7$13.9$2.87
2017Detailed filing. Detailed filing data is available for this year.$44.1$38.7$5.44$13.0$11.3$1.71
2016Detailed filing. Detailed filing data is available for this year.$28.5$24.8$3.74$10.2$9.37$0.85
2015Detailed filing. Detailed filing data is available for this year.$18.9$16.2$2.76$8.69$7.27$1.42
2014Detailed filing. Detailed filing data is available for this year.$19.0$17.6$1.34$6.85$6.25$0.60
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.71$7.97$0.74$3.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.24$8.47$0.77$2.99
2011Summary only. Only limited summary data is available for this year.$0.66$0.49$0.17$3.35$3.10$0.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.82$0.09$2.44