Civic Intelligence

Cumberland Academy

990 • Fiscal year 2020 • EIN 75-2651114

Sep 01, 2019 to Aug 31, 2020 • Filed on Mar 17, 2021

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

87th percentile

0.84x

Higher debt load relative to assets than 87% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

3.35x

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

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

71st percentile

14%

Higher net margin than 71% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

13th percentile

$150,000

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

85th percentile

30%

Faster asset growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

79th percentile

18%

Faster revenue growth than 79% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$91,533,480

Up $21,385,567 (+30%) from 2019

Net Assets

Up

$14,385,617

Up $3,232,445 (+29%) from 2019

Liabilities

Up

$77,147,863

Up $18,153,122 (+31%) from 2019

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin71st percentile

Revenue

Up

$22,998,506

Up $3,463,496 (+18%) from 2019

Expenses

Up

$19,766,061

Up $3,073,182 (+18%) from 2019

Net Income

Up

$3,232,445

Up $390,314 (+14%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth85th 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

2020

Assets$91,533,480
Liabilities$77,147,863
Net Assets$14,385,617
Open 2020 Filing

Operations Trend

Revenue Growth79th 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

2020

Revenue$22,998,506
Expenses$19,766,061
Net Income$3,232,445
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Mar 17, 2021
Return Version
2019v5.2
Gross Receipts
$23,086,106
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$65,928,911$69,666,347▲ $3,737,436
Investments in Publicly Traded Securities-$13,893,037-
Cash and Non-Interest-Bearing Accounts$2,304,502$5,976,948▲ $3,672,446
Accounts Receivable$1,216,333$849,715▼ $366,618
Prepaid Expenses and Deferred Charges-$31,537-
Total Assets$70,147,913$91,533,480▲ $21,385,567
Other Assets Total$698,167$1,115,896▲ $417,729
Liabilities
Tax Exempt Bond Liabilities$46,015,097$75,912,463▲ $29,897,366
Mortgage Notes Payable Secured by Investment Property$10,245,010--
Accounts Payable and Accrued Expenses$2,448,333$933,334▼ $1,514,999
Other Liabilities$286,301$302,066▲ $15,765
Total Liabilities$58,994,741$77,147,863▲ $18,153,122
Net Assets / Fund Balance
Net Assets With Donor Restrictions$11,153,172$14,385,617▲ $3,232,445
Total Net Assets Fund Balance$11,153,172$14,385,617▲ $3,232,445
Total Liabilities and Net Assets / Fund Balance$70,147,913$91,533,480▲ $21,385,567

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$64,879,563$7,546,916$72,426,479
Land$4,616,639-$4,616,639
Equipment$170,145$343,415$513,560
Compensation and Service Providers
Top Officer Pay13th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Norma CottonExecutive DirectorFT$150,000$150,000
Nakeia BurrellChief Operations OfficerFT$103,257$103,257

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Rlm General ContractorsConstruction315 ENTERPRISE STREET, Longview, TX 75604$4,841,912
Mp2 Energy Texas LLCElectricity21 WATERWAY AVENUE SUITE 450, The Woodlands, TX 77380$202,276
Labatt Food ServiceFood ServicePO BOX 137, San Antonio, TX 78291-0137$198,085
Butler Architectural GroupArchitect400 S BROADWAY AVE SUITE 001, Tyler, TX 75702$155,770
Alen CorpAir Purification9200 WATERFORD CENTRE BLVD SUITE, Austin, TX 78758$125,812
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$22,829,619
Investment Income
$-49,227
Other Revenue
$218,114
Change in Net Assets
$3,232,445

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,998,506
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$62,601
Total Revenue per Audited Statements
$23,061,107
Total Revenue per Form 990
$22,998,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,865,303
Other Expenses$8,900,758
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,531,774$172,264-$9,704,038
Interest-$2,301,537-$2,301,537
Depreciation Depletion$1,892,880--$1,892,880
All Other Expenses$771,486$199,810-$971,296
Other Employee Benefits$662,881$18,467-$681,348
Occupancy$383,778$6,761-$390,539
Other Expenses$283,254$22,166-$283,254
Insurance$247,030$13,002-$260,032
Current Officers, Directors, Trustees, and Key Employees-$253,257-$253,257
Payroll Taxes$219,371$7,289-$226,660
Travel$109,703$2,125-$111,828
Fees for Services Legal-$55,172-$55,172
Fees for Services Accounting-$46,000-$46,000
Total Functional Expenses$15,939,335$3,826,726$0$19,766,061

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$19,766,062
Expenses per Audited Statements$19,766,061
Total Expenses per Form 990$19,766,061
Expenses Not Reported on Form 990$1
Expenses Not Reported on Financial Statements$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$153,030
Due to Student Groups$149,036

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANew Hope Cultural Education Facilities Finance Corporation2020-06-25$76,427,730Refund issues 2011, 2013, 2015, 2017,2018 and 2019 & school construction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$76,427,730$59,264,806-$1,518,360

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
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 35% controlled entity
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
2021-03-17
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
427
Volunteers
200

Preparer

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

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

“Loss on sale of portable buildings $62,600 rounding”

Part XII, Line 2D - Other Adjustments:

“ROUNDING”

Raw XML AppendixShowing 400 of 552 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/TitleTxt0BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt013373
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt013893037
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt026
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07890331
IRS990/LandBldgEquipBasisNetGrp/BOYAmt065928911
IRS990/LandBldgEquipBasisNetGrp/EOYAmt069666347
IRS990/LandBldgEquipCostOrOtherBssAmt077556678
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt087600
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE A SUPERIOR ACADEMIC PROGRAM ENHANCED BY TRAINING IN PERFORMING ARTS AND A TECHNOLOGICALLY ADVANCED CURRICULUM.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010245010
IRS990/NetAssetsOrFundBalancesBOYAmt011153172
IRS990/NetAssetsOrFundBalancesEOYAmt014385617
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-62600
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-62600
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0218114
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0218114
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06761
IRS990/OccupancyGrp/ProgramServicesAmt0383778
IRS990/OccupancyGrp/TotalAmt0390539
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0698167
IRS990/OtherAssetsTotalGrp/EOYAmt01115896
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018467
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0662881
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0681348
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1AMORTIZATION
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3FOOD SERVICE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt030709
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1698167
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt222166
IRS990/OtherExpensesGrp/ProgramServicesAmt01416024
IRS990/OtherExpensesGrp/ProgramServicesAmt1421154
IRS990/OtherExpensesGrp/ProgramServicesAmt2283254
IRS990/OtherExpensesGrp/TotalAmt01446733
IRS990/OtherExpensesGrp/TotalAmt1698167
IRS990/OtherExpensesGrp/TotalAmt2443320
IRS990/OtherExpensesGrp/TotalAmt3283254
IRS990/OtherLiabilitiesGrp/BOYAmt0286301
IRS990/OtherLiabilitiesGrp/EOYAmt0302066
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0172264
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09531774
IRS990/OtherSalariesAndWagesGrp/TotalAmt09704038
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07289
IRS990/PayrollTaxesGrp/ProgramServicesAmt0219371
IRS990/PayrollTaxesGrp/TotalAmt0226660
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt031537
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/Desc2STATE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3LOCAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc4FOOD SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt019015897
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12954823
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2396413
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3350892
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4100747
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt019015897
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12954823
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2396413
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3350892
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4100747
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-11491
IRS990/PYOtherExpensesAmt06750900
IRS990/PYOtherRevenueAmt0210492
IRS990/PYProgramServiceRevenueAmt019335009
IRS990/PYRevenuesLessExpensesAmt02842131
IRS990/PYSalariesCompEmpBnftPaidAmt09941979
IRS990/PYTotalExpensesAmt016692879
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt019535010
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt03232445
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0218114
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt022998506
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt064879563
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07546916
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt072426479
IRS990ScheduleD/EquipmentGrp/BookValueAmt0170145
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0343415
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0513560
IRS990ScheduleD/ExpensesNotReportedAmt01
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt019766061
IRS990ScheduleD/LandGrp/BookValueAmt04616639
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04616639
IRS990ScheduleD/OtherExpensesIncludedAmt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0153030
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1149036
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO STUDENT GROUPS
IRS990ScheduleD/OtherRevenueAmt062601
IRS990ScheduleD/RevenueNotReportedAmt062601
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt022998506
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LOSS ON SALE OF PORTABLE BUILDINGS $62,600 ROUNDING
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt069666347
IRS990ScheduleD/TotalExpensesPerForm990Amt019766061
IRS990ScheduleD/TotalLiabilityAmt0302066
IRS990ScheduleD/TotalRevenuePerForm990Amt022998506
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt023061107
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt019766062
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/ProceduresCorrectiveActionInd01
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0AT NO TIME WERE THE PROCEEDS OF THE ISSUE INVESTED IN OBLIGATIONS HAVING A YIELD IN EXCESS OF THE YIELD ON THE BONDS.
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt1THE BOND ISSUE REFUNDED $57,916,301 OF PRIOR TAX EXEMPT BONDS AND $1,348,505 OF PRIOR TAXABLE BONDS, TOTALING $59,264,806.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, ITEM 2(C)
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc1PART II, LINE 11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02020-06-25
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0261604618
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum064542QBP7
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt076427730
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0REFUND ISSUES 2011, 2013, 2015, 2017,2018 AND 2019 & SCHOOL CONSTRUCTION
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$91,533,480
Liabilities
$77,147,863
Net assets
$14,385,617
Revenue
$22,998,506
Expenses
$19,766,061
Net income
$3,232,445
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
2020Detailed filing. Detailed filing data is available for this year.$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