Civic Intelligence

Arlington Classics Academy

990 • Fiscal year 2023 • EIN 75-2734435

Sep 01, 2022 to Aug 31, 2023 • Filed on Feb 16, 2024

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

83rd percentile

0.68x

Higher debt load relative to assets than 83% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

81st percentile

1.34x

Higher debt load relative to revenue than 81% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

45th percentile

2.1%

Higher net margin than 45% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

27th percentile

$171,179

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

26th percentile

-0.4%

Faster asset growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

-1.9%

Faster revenue growth than 35% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Flat

$32,636,667

Flat from 2023

Net Assets

Flat

$10,353,949

Flat from 2023

Liabilities

Flat

$22,282,718

Flat from 2023

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin45th percentile

Revenue

Flat

$16,601,876

Flat from 2023

Expenses

Flat

$16,252,838

Flat from 2023

Net Income

Flat

$349,038

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth26th 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: $10,353,9492023Assets 2023: $32,636,667Liabilities 2023: $22,282,718Net Assets 2023: $10,353,9492023

Highlighted filing

2023

Assets$32,636,667
Liabilities$22,282,718
Net Assets$10,353,949
Open 2023 Filing

Operations Trend

Revenue Growth35th 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: $349,0382023Revenue 2023: $16,601,876Expenses 2023: $16,252,838Net Income 2023: $349,0382023

Highlighted filing

2023

Revenue$16,601,876
Expenses$16,252,838
Net Income$349,038
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Feb 16, 2024
Return Version
2022v5.0
Gross Receipts
$16,601,876
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$18,734,431$18,356,719▼ $377,712
Investments in Publicly Traded Securities$9,734,956$11,176,215▲ $1,441,259
Accounts Receivable$1,779,285$1,816,706▲ $37,421
Cash and Non-Interest-Bearing Accounts$1,890,799$648,848▼ $1,241,951
Savings and Temporary Cash Investments$547,483$530,498▼ $16,985
Prepaid Expenses and Deferred Charges$78,126$107,681▲ $29,555
Pledges and Grants Receivable$516$0▼ $516
Other Notes and Loans Receivable, Net-$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$32,765,596$32,636,667▼ $128,929
Other Assets Total-$0-
Liabilities
Tax Exempt Bond Liabilities$21,490,607$20,969,022▼ $521,585
Accounts Payable and Accrued Expenses$1,270,078$1,313,696▲ $43,618
Total Liabilities$22,760,685$22,282,718▼ $477,967
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,425,321$6,855,003▲ $1,429,682
Net Assets With Donor Restrictions$4,579,590$3,498,946▼ $1,080,644
Total Net Assets Fund Balance$10,004,911$10,353,949▲ $349,038
Total Liabilities and Net Assets / Fund Balance$32,765,596$32,636,667▼ $128,929

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,458,800$6,040,125$21,498,925
Land$2,463,134-$2,463,134
Other Land Buildings$417,112$490,459$907,571
Equipment$17,673$10,417$28,090
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Craig SimsE.d. of SchoolsFT$165,502$5,677$171,179
Greyden BarnettDirector-hrFT$104,202$5,010$109,212

Board Members and Trustees

NameTitle
Seth LewisPresident
Jason RoachVice President
Deborah SterbaDirector
Edna RamseyDirector
Michael GattonDirector
Warren NorredDirector
Tania CotterSecretary
Gary SowardTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Pritchard IndustriesCommercial Cleaning5601 BRIDGE ST 300, Fort Worth, TX 76112$200,200
Revenue and Support

Revenue Composition

Contributions and Grants
$15,172,194
Program Service Revenue
$960,631
Investment Income
$469,051
Other Revenue
$0
Change in Net Assets
$349,038

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,601,876
Total Revenue per Audited Statements
$16,601,876
Total Revenue per Form 990
$16,601,876
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,555,888
Other Expenses$4,696,950
Total Fundraising Expense$196,309
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,834,680$252,984$62,585$10,150,249
Interest$1,050,434$44,229$11,057$1,105,720
Fees for Services Other$819,016$63,697$20,750$903,463
Depreciation Depletion$666,740$35,092-$701,832
Other Employee Benefits$588,542$13,523$636$602,701
Pension Plan Contributions$466,976$20,515$1,583$489,074
Occupancy$300,993--$300,993
Insurance$205,753--$205,753
Current Officers, Directors, Trustees, and Key Employees-$164,831-$164,831
Other Expenses$36,804$23,133$96,294$156,231
Payroll Taxes$142,210$5,907$916$149,033
Travel$72,934$7,311-$80,245
Fees for Services Accounting-$30,000-$30,000
Fees for Services Legal-$12,059-$12,059
Total Functional Expenses$15,362,012$694,517$196,309$16,252,838

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,252,838
Total Expenses per Audited Statements$16,252,838
Total Expenses per Form 990$16,252,838
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 2016A Educ Rev2016-04-19$7,870,000Real property construction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$7,870,000--$157,400

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
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 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
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, Section B, Line 11B

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

Form 990, Part VI, Section B, Line 12C

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

Form 990, Part VI, Section B, Line 15A

“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, Section C, Line 19

“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
Seth Lewis
Title
President
Signed
2024-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Sims
Formed
1998
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
283
Volunteers
751

Preparer

Firm
Sutton Frost Cary LLP
Address
200 E Front St Suite 200, Arlington, TX 76011
Preparer
Carroll Elizabeth Arnott
Phone
8176498083
Supplemental Narrative

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, 2023. 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, 2023, 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/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt015172194
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt016601876
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt0205753
IRS990/InsuranceGrp/TotalAmt0205753
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/FundraisingAmt011057
IRS990/InterestGrp/ManagementAndGeneralAmt044229
IRS990/InterestGrp/ProgramServicesAmt01050434
IRS990/InterestGrp/TotalAmt01105720
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0469051
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0469051
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt09734956
IRS990/InvestmentsPubTradedSecGrp/EOYAmt011176215
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt074
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06541001
IRS990/LandBldgEquipBasisNetGrp/BOYAmt018734431
IRS990/LandBldgEquipBasisNetGrp/EOYAmt018356719
IRS990/LandBldgEquipCostOrOtherBssAmt024897720
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt010004911
IRS990/NetAssetsOrFundBalancesEOYAmt010353949
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05425321
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06855003
IRS990/NoncashContributionsAmt06044
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0300993
IRS990/OccupancyGrp/TotalAmt0300993
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0636
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013523
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0588542
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0602701
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc1FOOD
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt02488
IRS990/OtherExpensesGrp/FundraisingAmt196294
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021236
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt123133
IRS990/OtherExpensesGrp/ProgramServicesAmt0802696
IRS990/OtherExpensesGrp/ProgramServicesAmt1374234
IRS990/OtherExpensesGrp/ProgramServicesAmt236804
IRS990/OtherExpensesGrp/TotalAmt0826420
IRS990/OtherExpensesGrp/TotalAmt1374234
IRS990/OtherExpensesGrp/TotalAmt2156231
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt062585
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0252984
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09834680
IRS990/OtherSalariesAndWagesGrp/TotalAmt010150249
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0916
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05907
IRS990/PayrollTaxesGrp/ProgramServicesAmt0142210
IRS990/PayrollTaxesGrp/TotalAmt0149033
IRS990/PensionPlanContributionsGrp/FundraisingAmt01583
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt020515
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0466976
IRS990/PensionPlanContributionsGrp/TotalAmt0489074
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0516
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt078126
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0107681
IRS990/PrincipalOfficerNm0CRAIG SIMS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0OTHER LOCAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0960631
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0960631
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt016144435
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt044027
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt04690802
IRS990/PYProgramServiceRevenueAmt0727612
IRS990/PYRevenuesLessExpensesAmt01374603
IRS990/PYSalariesCompEmpBnftPaidAmt010850669
IRS990/PYTotalExpensesAmt015541471
IRS990/PYTotalRevenueAmt016916074
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0349038
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0960631
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0547483
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0530498
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt015458800
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06040125
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt021498925
IRS990ScheduleD/EquipmentGrp/BookValueAmt017673
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010417
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt028090
IRS990ScheduleD/ExpensesSubtotalAmt016252838
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02463134
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02463134
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0417112
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0490459
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0907571
IRS990ScheduleD/RevenueSubtotalAmt016601876
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, 2023. 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, 2023, 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
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018356719
IRS990ScheduleD/TotalExpensesPerForm990Amt016252838
IRS990ScheduleD/TotalRevenuePerForm990Amt016601876
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt016601876
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt016252838
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NONDISCRIMINATORY POLICY IS INCLUDED IN BOTH THE PARENT AND TEACHER HANDBOOK AS WELL AS INCLUDED ON THE ACADEMY'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVED STATE AID AND FEDERAL AID AS STATED ON LINE 1D, PAGE 9, PART VIII, OF FORM 990.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,636,667
Liabilities
$22,282,718
Net assets
$10,353,949
Revenue
$16,601,876
Expenses
$16,252,838
Net income
$349,038
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$32.6$22.3$10.4$16.6$16.3$0.35
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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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