Civic Intelligence

Cumberland Academy

990 • Fiscal year 2022 • EIN 75-2651114

Sep 01, 2021 to Aug 31, 2022 • Filed on Feb 14, 2023

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.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

3.37x

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

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

32nd percentile

0.5%

Higher net margin than 32% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

57th percentile

1.2%

Faster asset growth than 57% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

53rd percentile

5.7%

Faster revenue growth than 53% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$91,837,212

Up $1,105,809 (+1.2%) from 2021

Net Assets

Up

$15,059,124

Up $120,946 (+0.8%) from 2021

Liabilities

Up

$76,778,088

Up $984,863 (+1.3%) from 2021

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin32nd percentile

Revenue

Up

$22,775,705

Up $1,220,963 (+5.7%) from 2021

Expenses

Up

$22,654,759

Up $1,652,578 (+7.9%) from 2021

Net Income

Down

$120,946

Down $431,615 (-78%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth57th 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

2022

Assets$91,837,212
Liabilities$76,778,088
Net Assets$15,059,124
Open 2022 Filing

Operations Trend

Revenue Growth53rd 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

2022

Revenue$22,775,705
Expenses$22,654,759
Net Income$120,946
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Feb 14, 2023
Return Version
2021v4.2
Gross Receipts
$22,775,705
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$69,669,058$72,745,024▲ $3,075,966
Cash and Non-Interest-Bearing Accounts$7,482,413$9,437,238▲ $1,954,825
Investments in Publicly Traded Securities$11,873,211$7,567,240▼ $4,305,971
Accounts Receivable$1,694,941$2,045,203▲ $350,262
Prepaid Expenses and Deferred Charges$11,780$42,507▲ $30,727
Total Assets$90,731,403$91,837,212▲ $1,105,809
Liabilities
Tax Exempt Bond Liabilities$74,885,476$74,864,385▼ $21,091
Accounts Payable and Accrued Expenses$654,618$1,552,736▲ $898,118
Other Liabilities$253,131$360,967▲ $107,836
Total Liabilities$75,793,225$76,778,088▲ $984,863
Net Assets / Fund Balance
Net Assets With Donor Restrictions$14,938,178$15,059,124▲ $120,946
Total Net Assets Fund Balance$14,938,178$15,059,124▲ $120,946
Total Liabilities and Net Assets / Fund Balance$90,731,403$91,837,212▲ $1,105,809

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$67,902,199$12,337,126$80,239,325
Land$4,616,639-$4,616,639
Equipment$160,879$409,115$569,994
Other Land Buildings$65,307$38,050$103,357
Compensation and Service Providers
Top Officer Pay13th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Norma CottonExecutive DirectorFT$150,000$150,000
Nakeia BurrellFormer COOFT$75,732$75,732

Board Members and Trustees

NameTitle
Dr James CottonBoard President
Vance HendrixVice President
Bill MoralesBoard Member
Charles MooreBoard Member
Frank WardBoard Member
Mary IrwinSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Labatt Food ServiceFood ServicePO BOX 137, San Antonio, TX 78291-0137$278,961
Region 7 Education Service CenterProfessional Services1909 NORTH LONGVIEW STREET, Kilgore, TX 75662$107,621
Revenue and Support

Revenue Composition

Contributions and Grants
$250,000
Program Service Revenue
$22,213,584
Investment Income
$69,651
Other Revenue
$242,470
All Other Contributions
$250,000
Change in Net Assets
$120,946

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,775,705
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$22,775,705
Total Revenue per Form 990
$22,775,705
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,050,720
Other Expenses$10,604,039
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,432,736$289,559-$10,722,295
Interest-$3,501,381-$3,501,381
Depreciation Depletion$2,475,815--$2,475,815
All Other Expenses$493,906$426,690-$920,596
Other Employee Benefits$798,242$38,522-$836,764
Occupancy$336,950$10,365-$347,315
Other Expenses$323,657$26,633-$323,657
Payroll Taxes$256,348$9,581-$265,929
Insurance$250,367$13,177-$263,544
Current Officers, Directors, Trustees, and Key Employees-$225,732-$225,732
Travel$129,389$1,073-$130,462
Fees for Services Legal-$91,272-$91,272
Fees for Services Accounting-$69,907-$69,907
Total Functional Expenses$17,925,866$4,728,893$0$22,654,759

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$22,654,759
Total Expenses per Audited Statements$22,654,759
Total Expenses per Form 990$22,654,759
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$152,845
Due to Student Groups$106,939
Lease Liabilities$72,860
Accrued Wages$17,552
Payroll Deductions and Withholdings$10,733
Due to State$38

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANew Hope Cultural Education Facilities Finance Corporation2020-06-25$76,427,730Refund loans 2011,2013,2015,2017,2018, 2019 & finance newschool 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
2023-02-14
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
430
Volunteers
200

Preparer

Firm
Freemon Shapard & Story
Address
2088 Zihlman Road, Windthorst, TX 76389
Preparer
H Ted Neeb CPA
Phone
9404236226
Raw XML AppendixShowing 400 of 543 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/OtherEmployeeBenefitsGrp/ProgramServicesAmt0798242
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0836764
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2FOOD SERVICE
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025001
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt126633
IRS990/OtherExpensesGrp/ProgramServicesAmt01413485
IRS990/OtherExpensesGrp/ProgramServicesAmt1506036
IRS990/OtherExpensesGrp/ProgramServicesAmt2508935
IRS990/OtherExpensesGrp/ProgramServicesAmt3323657
IRS990/OtherExpensesGrp/TotalAmt01438486
IRS990/OtherExpensesGrp/TotalAmt1532669
IRS990/OtherExpensesGrp/TotalAmt2508935
IRS990/OtherExpensesGrp/TotalAmt3323657
IRS990/OtherLiabilitiesGrp/BOYAmt0253131
IRS990/OtherLiabilitiesGrp/EOYAmt0360967
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0289559
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010432736
IRS990/OtherSalariesAndWagesGrp/TotalAmt010722295
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09581
IRS990/PayrollTaxesGrp/ProgramServicesAmt0256348
IRS990/PayrollTaxesGrp/TotalAmt0265929
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011780
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt042507
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/Desc3STATE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc4ATHLETICS REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt018782054
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12882004
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2352713
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3140054
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt437815
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018782054
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12882004
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2352713
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3140054
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt437815
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt034183
IRS990/PYOtherExpensesAmt09472113
IRS990/PYOtherRevenueAmt0249351
IRS990/PYProgramServiceRevenueAmt021271208
IRS990/PYRevenuesLessExpensesAmt0552561
IRS990/PYSalariesCompEmpBnftPaidAmt011530068
IRS990/PYTotalExpensesAmt021002181
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt021554742
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0120946
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0242470
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt022525705
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/BookValueAmt067902199
IRS990ScheduleD/BuildingsGrp/DepreciationAmt012337126
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt080239325
IRS990ScheduleD/EquipmentGrp/BookValueAmt0160879
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0409115
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0569994
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt022654759
IRS990ScheduleD/LandGrp/BookValueAmt04616639
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04616639
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt065307
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt038050
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0103357
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0152845
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1106939
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt238
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt310733
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt417552
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt572860
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO STUDENT GROUPS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO STATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PAYROLL DEDUCTIONS AND WITHHOLDINGS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED WAGES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5LEASE LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt022775705
IRS990ScheduleD/TotalBookValueLandBuildingsAmt072745024
IRS990ScheduleD/TotalExpensesPerForm990Amt022654759
IRS990ScheduleD/TotalLiabilityAmt0360967
IRS990ScheduleD/TotalRevenuePerForm990Amt022775705
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt022775705
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt022654759
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/ExplanationTxt0THE BOND ISSUE REFUNDED $57,916,301 OF PRIOR TAX EXEMPT LOANS AND $1,348,505 OF PRIOR TAXABLE LOANS, TOTALING $59,264,806.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PART 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 LOANS 2011,2013,2015,2017,2018, 2019 & FINANCE NEWSCHOOL 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

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$91,837,212
Liabilities
$76,778,088
Net assets
$15,059,124
Revenue
$22,775,705
Expenses
$22,654,759
Net income
$120,946
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