Civic Intelligence

Arlington Classics Academy

990 • Fiscal year 2019 • EIN 75-2734435

Sep 01, 2018 to Aug 31, 2019 • Filed on Dec 23, 2019

Organization Profilewww.acaedu.net

Refreshing map…

5206 S Bowen RoadArlington, TX 76017

(817) 533-0445

Siviq Scores

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

Liabilities / Assets

85th percentile

0.78x

Higher debt load relative to assets than 85% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

1.65x

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

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

72nd percentile

13%

Higher net margin than 72% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

17th percentile

$129,793

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

43rd percentile

2.5%

Faster asset growth than 43% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

66th percentile

9.5%

Faster revenue growth than 66% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$30,561,272

Up $748,318 (+2.5%) from 2018

Net Assets

Down

$6,793,226

Down $84,420 (-1.2%) from 2018

Liabilities

Up

$23,768,046

Up $832,738 (+3.6%) from 2018

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin72nd percentile

Revenue

Up

$14,407,584

Up $1,254,554 (+9.5%) from 2018

Expenses

Up

$12,575,367

Up $301,682 (+2.5%) from 2018

Net Income

Up

$1,832,217

Up $952,872 (+108%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$40M$30M$20M$10M$0Assets 2011: $18,434,940Liabilities 2011: $17,631,060Net Assets 2011: $803,8802011Assets 2012: $17,489,429Liabilities 2012: $16,830,729Net Assets 2012: $658,7002012Assets 2013: $18,062,165Liabilities 2013: $16,802,758Net Assets 2013: $1,259,4072013Assets 2014: $19,141,647Liabilities 2014: $16,841,731Net Assets 2014: $2,299,9162014Assets 2015: $20,098,022Liabilities 2015: $16,488,332Net Assets 2015: $3,609,6902015Assets 2016: $28,729,025Liabilities 2016: $24,116,632Net Assets 2016: $4,612,3932016Assets 2017: $29,662,394Liabilities 2017: $23,943,828Net Assets 2017: $5,718,5662017Assets 2018: $29,812,954Liabilities 2018: $22,935,308Net Assets 2018: $6,877,6462018Assets 2019: $30,561,272Liabilities 2019: $23,768,046Net Assets 2019: $6,793,2262019Assets 2020: $31,932,078Liabilities 2020: $23,679,365Net Assets 2020: $8,252,7132020Assets 2021: $32,317,939Liabilities 2021: $23,687,631Net Assets 2021: $8,630,3082021Assets 2022: $32,765,596Liabilities 2022: $22,760,685Net Assets 2022: $10,004,9112022Assets 2023: $32,636,667Liabilities 2023: $22,282,718Net Assets 2023: $10,353,9492023

Highlighted filing

2019

Assets$30,561,272
Liabilities$23,768,046
Net Assets$6,793,226
Open 2019 Filing

Operations Trend

Revenue Growth66th percentile

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

$20M$15M$10M$5.0M$0Expenses 2011: $4,106,6652011Expenses 2012: $7,153,6372012Revenue 2013: $8,619,397Expenses 2013: $8,018,692Net Income 2013: $600,7052013Revenue 2014: $10,136,482Expenses 2014: $9,095,973Net Income 2014: $1,040,5092014Revenue 2015: $11,188,355Expenses 2015: $9,878,581Net Income 2015: $1,309,7742015Revenue 2016: $11,829,220Expenses 2016: $10,826,517Net Income 2016: $1,002,7032016Revenue 2017: $12,584,375Expenses 2017: $11,478,202Net Income 2017: $1,106,1732017Revenue 2018: $13,153,030Expenses 2018: $12,273,685Net Income 2018: $879,3452018Revenue 2019: $14,407,584Expenses 2019: $12,575,367Net Income 2019: $1,832,2172019Revenue 2020: $15,191,710Expenses 2020: $13,732,223Net Income 2020: $1,459,4872020Revenue 2021: $15,087,121Expenses 2021: $14,709,526Net Income 2021: $377,5952021Revenue 2022: $16,916,074Expenses 2022: $15,541,471Net Income 2022: $1,374,6032022Revenue 2023: $16,601,876Expenses 2023: $16,252,838Net Income 2023: $349,0382023

Highlighted filing

2019

Revenue$14,407,584
Expenses$12,575,367
Net Income$1,832,217
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Dec 23, 2019
Return Version
2018v3.1
Gross Receipts
$14,407,584
Mission and Program Overview

Mission

To equip a diverse student body with a comprehensive education, including a special focus on Western civilization. Students will develop a commanding knowledge of the origins of our liberty and the ability to sustain it through moral leadership. We aim to accomplish this goal through a high level of academic instruction and high behavioral expectations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$20,088,179$19,778,960▼ $309,219
Investments in Publicly Traded Securities-$7,112,935-
Cash and Non-Interest-Bearing Accounts$7,529,427$1,929,722▼ $5,599,705
Accounts Receivable$1,051,726$1,188,464▲ $136,738
Savings and Temporary Cash Investments$1,140,659$540,109▼ $600,550
Prepaid Expenses and Deferred Charges$2,963$11,082▲ $8,119
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$29,812,954$30,561,272▲ $748,318
Other Assets Total-$0-
Liabilities
Tax Exempt Bond Liabilities$21,954,384$22,899,318▲ $944,934
Accounts Payable and Accrued Expenses$980,924$868,728▼ $112,196
Total Liabilities$22,935,308$23,768,046▲ $832,738
Net Assets / Fund Balance
Unrestricted Net Assets$4,499,212$3,547,059▼ $952,153
Temporarily Rstr Net Assets$2,378,434$3,246,167▲ $867,733
Total Net Assets Fund Balance$6,877,646$6,793,226▼ $84,420
Total Liabilities and Net Assets / Fund Balance$29,812,954$30,561,272▲ $748,318

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,519,107$4,044,752$20,563,859
Land$2,463,134-$2,463,134
Other Land Buildings$796,719$160,201$956,920
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Craig SimsE.d. of SchoolsFT$126,200$3,593$129,793
Ginger MoellerCFO-thru 2/2019FT$79,590$4,202$83,792

Board Members and Trustees

NameTitle
Deborah SterbaPresident
Shawn MooreVice President
Julie NealDirector
Michael GattonDirector
Roger SappingtonDirector
Seth LewisDirector
Teresa ThibodeauDirector
Warren NorredDirector
Jason RoachSecretary
Gary SowardTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Preferred Meals Systems INCFood Services5420 ST CHARLES RD, Berkeley, IL 60163$194,519
Imperial ConstructionConstruction400 I-20 WEST 200, Weatherford, TX 76086$129,922
Nevill Document SolutionsDocument Solutions2825 STORY RD, Irving, TX 75038$107,609
Revenue and Support

Revenue Composition

Contributions and Grants
$13,547,100
Program Service Revenue
$724,113
Investment Income
$136,371
Other Revenue
$0
All Other Contributions
$104,000
Change in Net Assets
$1,832,217

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$50,308Fair Market Value (FMV)
Food Inventory1$25,828Fair Market Value (FMV)
Total Noncash Contributions2$76,136-

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,407,584
Total Revenue per Audited Statements
$14,407,584
Total Revenue per Form 990
$14,407,584
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,596,112
Other Expenses$3,979,255
Total Fundraising Expense$167,736
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,571,650$995,953$55,139$7,622,742
Interest$1,124,157$194,086$16,841$1,335,084
Depreciation Depletion$633,432--$633,432
Other Employee Benefits$417,514$58,725$674$476,913
Occupancy$407,661--$407,661
Fees for Services Other$137,519$190,457$3,600$331,576
Pension Plan Contributions$170,489$36,459$1,232$208,180
Current Officers, Directors, Trustees, and Key Employees-$173,515-$173,515
Insurance$115,132--$115,132
Payroll Taxes$97,385$16,568$809$114,762
Office Expenses$88,815$10,118-$98,933
Other Expenses$188,153$27,460$69,527$96,987
All Other Expenses-$94,690$1,415$96,105
Travel$22,941$23,999$595$47,535
Fees for Services Accounting-$23,200-$23,200
Fees for Services Legal-$22,103-$22,103
Advertising--$3,029$3,029
Total Functional Expenses$10,474,567$1,933,064$167,736$12,575,367

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,575,367
Total Expenses per Audited Statements$12,575,367
Total Expenses per Form 990$12,575,367
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASeries 2010abc Tax Ex2010-12-21$16,405,000Real property construction
BSeries 2016ab Tax Exempt2016-04-19$8,465,000Real property construction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$16,405,000--$990,701
B$8,465,000--$510,000

Bond Financing Compliance

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

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The draft tax return is presented to the board for review and comments prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“All directors, officers and employees complete an annual conflict of interest survey.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“At the annual board of directors meeting, board members evaluate the executive director and review compensation. Compensation is set by the board members which is documented in the minutes.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“All governing documents, policies, and financial statements are open records and available for public review.”

Filing and Contact Details

Filer

Filer Name
Arlington Classics Academy
EIN
75-2734435
Phone
8175330445
Address
5206 S Bowen Road, Arlington, TX 76017

Signing Officer

Name
Deborah Sterba
Title
President
Signed
2019-12-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Sims
Formed
1998
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
236
Volunteers
900

Preparer

Firm
Sutton Frost Cary LLP
Address
600 Six Flags Dr Suite 600, Arlington, TX 76011
Preparer
Kimberly D Crawford
Phone
8176498083
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Loss on bond refinance = -$1916637”

Financial Statement Notes

Part X : FIN48 Footnote

“The Academy is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (Code) and has not been classified as a private foundation as defined in the Code. Income generated from activities unrelated to the Academys exempt purposes is subject to tax under Code Section 511. The Academy had no unrelated business income for the year ended August 31, 2019. Accordingly, no provision has been made for federal income tax. GAAP requires the evaluation of tax positions taken in the course of preparing the Academys tax returns and recognition of a tax liability (or asset) if the Academy has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Academy, and has concluded that as of August 31, 2019, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.”

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IRS990/Form990PartVIISectionAGrp/PersonNm7SHAWN MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm8MICHAEL GATTON
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10CFO-THRU 2/2019
IRS990/Form990PartVIISectionAGrp/TitleTxt11E.D. OF SCHOOLS
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0To equip a diverse student body with a comprehensive education, including a special focus on Western civilization. Students will develop a commanding knowledge of the origins of our liberty and the ability to sustain it through moral leadership. We aim to accomplish this goal through a high level of academic instruction and high behavioral expectations.
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IRS990/OtherExpensesGrp/Desc2TEXTBOOKS AND TESTING
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IRS990/PayrollTaxesGrp/ProgramServicesAmt097385
IRS990/PayrollTaxesGrp/TotalAmt0114762
IRS990/PensionPlanContributionsGrp/FundraisingAmt01232
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt036459
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IRS990/ProgramServiceRevenueGrp/Desc0OTHER LOCAL REVENUE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Academy is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (Code) and has not been classified as a private foundation as defined in the Code. Income generated from activities unrelated to the Academys exempt purposes is subject to tax under Code Section 511. The Academy had no unrelated business income for the year ended August 31, 2019. Accordingly, no provision has been made for federal income tax. GAAP requires the evaluation of tax positions taken in the course of preparing the Academys tax returns and recognition of a tax liability (or asset) if the Academy has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Academy, and has concluded that as of August 31, 2019, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,561,272
Liabilities
$23,768,046
Net assets
$6,793,226
Revenue
$14,407,584
Expenses
$12,575,367
Net income
$1,832,217
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$32.6$22.3$10.4$16.6$16.3$0.35
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.8$22.8$10.0$16.9$15.5$1.37
2021Summary only. Only limited summary data is available for this year.$32.3$23.7$8.63$15.1$14.7$0.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.9$23.7$8.25$15.2$13.7$1.46
2019Detailed filing. Detailed filing data is available for this year.$30.6$23.8$6.79$14.4$12.6$1.83
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.8$22.9$6.88$13.2$12.3$0.88
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.7$23.9$5.72$12.6$11.5$1.11
2016Detailed filing. Detailed filing data is available for this year.$28.7$24.1$4.61$11.8$10.8$1.00
2015Detailed filing. Detailed filing data is available for this year.$20.1$16.5$3.61$11.2$9.88$1.31
2014Detailed filing. Detailed filing data is available for this year.$19.1$16.8$2.30$10.1$9.10$1.04
2013Summary only. Only limited summary data is available for this year.$18.1$16.8$1.26$8.62$8.02$0.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$16.8$0.66$7.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.4$17.6$0.80$4.11