Civic Intelligence

Cumberland Academy

990 • Fiscal year 2021 • EIN 75-2651114

Sep 01, 2020 to Aug 31, 2021 • Filed on Feb 08, 2022

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

88th percentile

0.84x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

3.52x

Higher debt load relative to revenue than 91% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

28th percentile

2.6%

Higher net margin than 28% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

14th percentile

$150,000

Higher top officer pay than 14% of similar nonprofits.

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

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

15th percentile

-0.9%

Faster asset growth than 15% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

18th percentile

-6.3%

Faster revenue growth than 18% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$90,731,403

Down $802,077 (-0.9%) from 2020

Net Assets

Up

$14,938,178

Up $552,561 (+3.8%) from 2020

Liabilities

Down

$75,793,225

Down $1,354,638 (-1.8%) from 2020

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin28th percentile

Revenue

Down

$21,554,742

Down $1,443,764 (-6.3%) from 2020

Expenses

Up

$21,002,181

Up $1,236,120 (+6.3%) from 2020

Net Income

Down

$552,561

Down $2,679,884 (-83%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2021

Assets$90,731,403
Liabilities$75,793,225
Net Assets$14,938,178
Open 2021 Filing

Operations Trend

Revenue Growth18th 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

2021

Revenue$21,554,742
Expenses$21,002,181
Net Income$552,561
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Feb 8, 2022
Return Version
2020v4.2
Gross Receipts
$21,554,742
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$69,666,347$69,669,058▲ $2,711
Investments in Publicly Traded Securities$13,893,037$11,873,211▼ $2,019,826
Cash and Non-Interest-Bearing Accounts$5,976,948$7,482,413▲ $1,505,465
Accounts Receivable$849,715$1,694,941▲ $845,226
Prepaid Expenses and Deferred Charges$31,537$11,780▼ $19,757
Total Assets$90,417,584$90,731,403▲ $313,819
Liabilities
Tax Exempt Bond Liabilities$74,796,567$74,885,476▲ $88,909
Accounts Payable and Accrued Expenses$933,334$654,618▼ $278,716
Other Liabilities$302,066$253,131▼ $48,935
Total Liabilities$76,031,967$75,793,225▼ $238,742
Net Assets / Fund Balance
Net Assets With Donor Restrictions$14,385,617$14,938,178▲ $552,561
Total Net Assets Fund Balance$14,385,617$14,938,178▲ $552,561
Total Liabilities and Net Assets / Fund Balance$90,417,584$90,731,403▲ $313,819

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$64,864,331$9,934,130$74,798,461
Land$4,616,639-$4,616,639
Equipment$188,088$374,346$562,434
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Norma CottonExecutive DirectorFT$150,000$150,000
Nakeia BurrellChief Operations OfficerFT$106,267$106,267

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$1,173,249
Labatt Food ServiceFood ServicePO BOX 137, San Antonio, TX 78291-0137$245,013
Mp2 Energy Texas LLCElectricity21 WATERWAY AVENUE SUITE 450, The Woodlands, TX 77380$233,169
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$21,271,208
Investment Income
$34,183
Other Revenue
$249,351
Change in Net Assets
$552,561

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,554,742
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$21,554,742
Total Revenue per Form 990
$21,554,742
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,530,068
Other Expenses$9,472,113
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,053,137$205,156-$10,258,293
Interest-$3,275,659-$3,275,659
Depreciation Depletion$2,418,145--$2,418,145
All Other Expenses$594,396$329,205-$923,601
Other Employee Benefits$735,261$35,087-$770,348
Occupancy$392,909$7,903-$400,812
Other Expenses$197,544$96,851-$294,395
Insurance$254,416$13,390-$267,806
Current Officers, Directors, Trustees, and Key Employees-$256,267-$256,267
Payroll Taxes$236,854$8,306-$245,160
Travel$77,069$617-$77,686
Fees for Services Legal$10,773$44,591-$55,364
Fees for Services Accounting-$47,000-$47,000
Total Functional Expenses$16,650,597$4,351,584$0$21,002,181

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$21,002,181
Total Expenses per Audited Statements$21,002,181
Total Expenses per Form 990$21,002,181
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$153,030
Due to Student Groups$100,096
Due to State$5

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
2022-02-08
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
415
Volunteers
200

Preparer

Firm
Freemon Shapard & Story
Address
2088 Zihlman Road, Windthorst, TX 76389
Preparer
H Ted Neeb CPA
Phone
9404236226
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESIDENT
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IRS990/OccupancyGrp/ProgramServicesAmt0392909
IRS990/OccupancyGrp/TotalAmt0400812
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt035087
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0735261
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0770348
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2FOOD SERVICE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS CONTRACTE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08564
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt122988
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt296851
IRS990/OtherExpensesGrp/ProgramServicesAmt0939293
IRS990/OtherExpensesGrp/ProgramServicesAmt1436778
IRS990/OtherExpensesGrp/ProgramServicesAmt2304022
IRS990/OtherExpensesGrp/ProgramServicesAmt3197544
IRS990/OtherExpensesGrp/TotalAmt0947857
IRS990/OtherExpensesGrp/TotalAmt1459766
IRS990/OtherExpensesGrp/TotalAmt2304022
IRS990/OtherExpensesGrp/TotalAmt3294395
IRS990/OtherLiabilitiesGrp/BOYAmt0302066
IRS990/OtherLiabilitiesGrp/EOYAmt0253131
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0205156
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010053137
IRS990/OtherSalariesAndWagesGrp/TotalAmt010258293
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08306
IRS990/PayrollTaxesGrp/ProgramServicesAmt0236854
IRS990/PayrollTaxesGrp/TotalAmt0245160
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031537
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011780
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/RelatedOrExemptFuncIncomeAmt019339923
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11360146
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2364759
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3129386
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt436131
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt019339923
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11360146
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2364759
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3129386
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt436131
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-49227
IRS990/PYOtherExpensesAmt08900758
IRS990/PYOtherRevenueAmt0218114
IRS990/PYProgramServiceRevenueAmt022829619
IRS990/PYRevenuesLessExpensesAmt03232445
IRS990/PYSalariesCompEmpBnftPaidAmt010865303
IRS990/PYTotalExpensesAmt019766061
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt022998506
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0552561
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0249351
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt021554742
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt064864331
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09934130
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt074798461
IRS990ScheduleD/EquipmentGrp/BookValueAmt0188088
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0374346
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0562434
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt021002181
IRS990ScheduleD/LandGrp/BookValueAmt04616639
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04616639
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0153030
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1100096
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO STUDENT GROUPS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO STATE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt021554742
IRS990ScheduleD/TotalBookValueLandBuildingsAmt069669058
IRS990ScheduleD/TotalExpensesPerForm990Amt021002181
IRS990ScheduleD/TotalLiabilityAmt0253131
IRS990ScheduleD/TotalRevenuePerForm990Amt021554742
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt021554742
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt021002181
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
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusConcerningUBIPct00.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusUseByOthersPct00.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/TotalPrivateBusinessUsePct00.00000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt09996047
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt05648517
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt01518360
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt059264806
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02020
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt076427730
IRS990/ScheduleORequiredInd01

Document Assets

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Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$90,731,403
Liabilities
$75,793,225
Net assets
$14,938,178
Revenue
$21,554,742
Expenses
$21,002,181
Net income
$552,561
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