Civic Intelligence

Nova Charter School

990 • Fiscal year 2022 • EIN 75-2740102

Sep 01, 2021 to Aug 31, 2022 • Filed on Jul 13, 2023

Organization ProfileWWW.NOVAACADEMY.ORG
2800 Prichard LaneDallas, TX 75227

(972) 808-7470

Siviq Scores

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

Liabilities / Assets

71st percentile

0.41x

Higher debt load relative to assets than 71% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

67th percentile

0.46x

Higher debt load relative to revenue than 67% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

28th percentile

-1.3%

Higher net margin than 28% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

39th percentile

-2.7%

Faster asset growth than 39% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

42nd percentile

0.1%

Faster revenue growth than 42% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$10,200,831

Down $284,612 (-2.7%) from 2021

Net Assets

Down

$5,969,424

Down $119,605 (-2.0%) from 2021

Liabilities

Down

$4,231,407

Down $165,007 (-3.8%) from 2021

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin28th percentile

Revenue

Up

$9,156,194

Up $10,973 (+0.1%) from 2021

Expenses

Up

$9,275,799

Up $385,901 (+4.3%) from 2021

Net Income

Down

-$119,605

Down $374,928 (-147%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

$15M$10M$5.0M$0Assets 2011: $9,979,373Liabilities 2011: $6,336,196Net Assets 2011: $3,643,1772011Assets 2012: $9,977,228Liabilities 2012: $6,424,811Net Assets 2012: $3,552,4172012Assets 2013: $10,136,600Liabilities 2013: $6,396,004Net Assets 2013: $3,740,5962013Assets 2014: $10,622,390Liabilities 2014: $6,197,550Net Assets 2014: $4,424,8402014Assets 2015: $10,722,489Liabilities 2015: $5,464,343Net Assets 2015: $5,258,1462015Assets 2016: $11,278,096Liabilities 2016: $5,497,853Net Assets 2016: $5,780,2432016Assets 2017: $10,676,853Liabilities 2017: $5,164,811Net Assets 2017: $5,512,0422017Assets 2018: $10,472,586Liabilities 2018: $4,929,122Net Assets 2018: $5,543,4642018Assets 2019: $10,413,579Liabilities 2019: $4,609,322Net Assets 2019: $5,804,2572019Assets 2020: $10,352,613Liabilities 2020: $4,518,907Net Assets 2020: $5,833,7062020Assets 2021: $10,485,443Liabilities 2021: $4,396,414Net Assets 2021: $6,089,0292021Assets 2022: $10,200,831Liabilities 2022: $4,231,407Net Assets 2022: $5,969,4242022Assets 2023: $9,978,436Liabilities 2023: $5,035,055Net Assets 2023: $4,943,3812023Assets 2024: $7,437,994Liabilities 2024: $3,753,503Net Assets 2024: $3,684,4912024Assets 2025: $6,520,700Liabilities 2025: $3,837,717Net Assets 2025: $2,682,9832025

Highlighted filing

2022

Assets$10,200,831
Liabilities$4,231,407
Net Assets$5,969,424
Open 2022 Filing

Operations Trend

Revenue Growth42nd percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $5,217,538Expenses 2011: $4,454,580Net Income 2011: $762,9582011Expenses 2012: $7,112,8292012Expenses 2013: $7,717,8852013Revenue 2014: $8,259,150Expenses 2014: $7,574,906Net Income 2014: $684,2442014Revenue 2015: $9,059,381Expenses 2015: $8,226,075Net Income 2015: $833,3062015Revenue 2016: $9,369,357Expenses 2016: $8,847,260Net Income 2016: $522,0972016Revenue 2017: $8,603,923Expenses 2017: $8,872,124Net Income 2017: -$268,2012017Revenue 2018: $7,696,480Expenses 2018: $7,665,058Net Income 2018: $31,4222018Revenue 2019: $7,687,975Expenses 2019: $7,427,182Net Income 2019: $260,7932019Revenue 2020: $7,956,936Expenses 2020: $7,927,487Net Income 2020: $29,4492020Revenue 2021: $9,145,221Expenses 2021: $8,889,898Net Income 2021: $255,3232021Revenue 2022: $9,156,194Expenses 2022: $9,275,799Net Income 2022: -$119,6052022Revenue 2023: $7,365,746Expenses 2023: $8,391,789Net Income 2023: -$1,026,0432023Revenue 2024: $6,071,456Expenses 2024: $7,098,912Net Income 2024: -$1,027,4562024Revenue 2025: $4,765,592Expenses 2025: $5,317,891Net Income 2025: -$552,2992025

Highlighted filing

2022

Revenue$9,156,194
Expenses$9,275,799
Net Income-$119,605
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jul 13, 2023
Return Version
2021v4.2
Gross Receipts
$9,173,911
Mission and Program Overview

Mission

The mission of Nova Academy is to educate our students in a Multi-Cultural environment where parents and the community will serve as partners in achieving academic excellence for our students.

EDUCATING STUDENTS

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,277,543$3,935,905▼ $341,638
Savings and Temporary Cash Investments$2,659,048$2,822,448▲ $163,400
Pledges and Grants Receivable$1,825,189$2,121,014▲ $295,825
Cash and Non-Interest-Bearing Accounts$1,723,563$1,312,598▼ $410,965
Accounts Receivable$100$8,866▲ $8,766
Total Assets$10,485,443$10,200,831▼ $284,612
Liabilities
Other Liabilities$4,151,839$0▼ $4,151,839
Tax Exempt Bond Liabilities-$3,978,589-
Accounts Payable and Accrued Expenses$244,575$252,818▲ $8,243
Total Liabilities$4,396,414$4,231,407▼ $165,007
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,134,349$4,051,168▼ $83,181
Net Assets Without Donor Restrictions$1,954,680$1,918,256▼ $36,424
Total Net Assets Fund Balance$6,089,029$5,969,424▼ $119,605
Total Liabilities and Net Assets / Fund Balance$10,485,443$10,200,831▼ $284,612

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,319,785$2,695,851$6,015,636
Equipment$465,132$440,155$905,287
Leasehold Improvements$74,361$52,922$127,283
Land$76,627-$76,627
Other Land Buildings$0$45,000$45,000
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Torry AbraPresident
Gregory CarterVice President
Joyce Ann BeamonMember
Randy MccartyMember ( Resigned 11/22)
Jesus a Lozano JrMember (resigned 08/22)
Makailen L Johnson SrMember - Parent Represent
Krissandra Jones DemusSecretary (resigned 08/22)
Daniel JohnsonSuperintendent
Shana McnettTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Diwa KitchenFood Service Vended Meals2017 S ERVAY ST, Dallas, TX 75215$121,498
Revenue and Support

Revenue Composition

Contributions and Grants
$9,130,280
Program Service Revenue
$13,741
Investment Income
$4,785
Other Revenue
$7,388
Change in Net Assets
$-119,605

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,156,194
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$17,717
Total Revenue per Audited Statements
$9,173,911
Total Revenue per Form 990
$9,156,194
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,187,702
Other Expenses$3,088,097
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,049,308$1,447,382-$5,496,690
Fees for Services Other$255,665$477,632-$733,297
Other Employee Benefits$509,262$181,750-$691,012
Depreciation Depletion-$341,638-$341,638
Information Technology-$297,709-$297,709
Interest-$291,550-$291,550
Occupancy-$238,400-$238,400
Fees for Services Legal-$125,392-$125,392
Insurance-$55,942-$55,942
Fees for Services Accounting-$41,800-$41,800
Other Expenses$23,537$38,141-$38,141
All Other Expenses$85$34,697-$34,782
Travel$351$9,713-$10,064
Total Functional Expenses$5,253,732$4,022,067$0$9,275,799

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,293,516
Expenses per Audited Statements$9,275,799
Total Expenses per Form 990$9,275,799
Expenses Not Reported on Form 990$17,717
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$17,717
Fundraising Gross Income$17,105
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
JEAN DAY/WORLD'S FINEST CHOCOLATE$8,912$8,912$9,492$-580
Double Good$5,698$5,698$4,524$1,174
Total Events$17,105$17,105$17,718$-613
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASeries 2015 A&b2015-06-30$6,573,682EDUCATION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$6,573,682--$131,474

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
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
Yes
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

“Cfo receives and reviews the 990 for data and information purposes. After the cfo approves, the 990 is forwarded to the superintendent for final management review and approval.”

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

“Board members execute an annual governance report.”

Form 990, Part VI, Section B, Line 15

“Key personnel salaries are determined by the executive committee of the board. Comparable salary scales, job descriptions, institution size information is gathered and discussed in executive session.”

Form 990, Part VI, Section C, Line 19

“Financial statements are posted on the government website for review.”

Filing and Contact Details

Filer

Filer Name
Nova Charter School
EIN
75-2740102
Phone
9728087470
Address
2800 PRICHARD LANE, DALLAS, TX 75227

Signing Officer

Name
Patricia Hicks
Title
Finance Manager
Phone
9728087470
Signed
2023-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Johnson
Formed
1998
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
148
Volunteers
0

Preparer

Firm
Mcconnell & Jones Llp
Address
4828 LOOP CENTRAL DRIVE SUITE 1000, HOUSTON, TX 77081
Preparer
Tene Thomas
Phone
7139681600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has not changed either its oversight process or selection process during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“The school is a non-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code (the "code"). Accordingly, income taxes are not provided for in the accompanying financial statements. In addition, the school qualifies for the charitable contribution deduction under section 170(b)(1)(a)(vi) and has been classified as an organization that is not a private foundation under section 509(a)(1) of the code. The school applies the provisions of fasb asc 740, income taxes, which prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Fasb asc 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The school believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 17,717.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 17,717.”

Raw XML AppendixShowing 400 of 520 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/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0EDUCATING STUDENTS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06089029
IRS990/NetAssetsOrFundBalancesEOYAmt05969424
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-612
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-612
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt08000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt08000
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01954680
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01918256
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0238400
IRS990/OccupancyGrp/TotalAmt0238400
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0181750
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0509262
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0691012
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc3FOOD
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0167387
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1210914
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt262020
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt338141
IRS990/OtherExpensesGrp/ProgramServicesAmt0415524
IRS990/OtherExpensesGrp/ProgramServicesAmt123537
IRS990/OtherExpensesGrp/TotalAmt0582911
IRS990/OtherExpensesGrp/TotalAmt1210914
IRS990/OtherExpensesGrp/TotalAmt285557
IRS990/OtherExpensesGrp/TotalAmt338141
IRS990/OtherLiabilitiesGrp/BOYAmt04151839
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01447382
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04049308
IRS990/OtherSalariesAndWagesGrp/TotalAmt05496690
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01825189
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02121014
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DANIEL JOHNSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0CAMPUS ACTIVITY
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT ACTIVITY
IRS990/ProgramServiceRevenueGrp/Desc2FOOD SERVICE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013002
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1450
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2289
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013002
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1450
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2289
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt09130812
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt08555
IRS990/PYOtherExpensesAmt02815458
IRS990/PYOtherRevenueAmt01551
IRS990/PYProgramServiceRevenueAmt04303
IRS990/PYRevenuesLessExpensesAmt0255323
IRS990/PYSalariesCompEmpBnftPaidAmt06074440
IRS990/PYTotalExpensesAmt08889898
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09145221
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-119605
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt08000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt013741
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02659048
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02822448
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/BookValueAmt03319785
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02695851
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06015636
IRS990ScheduleD/EquipmentGrp/BookValueAmt0465132
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0440155
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0905287
IRS990ScheduleD/ExpensesNotReportedAmt017717
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09275799
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt076627
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt076627
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt074361
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt052922
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0127283
IRS990ScheduleD/OtherExpensesIncludedAmt017717
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt045000
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt045000
IRS990ScheduleD/OtherRevenueAmt017717
IRS990ScheduleD/RevenueNotReportedAmt017717
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09156194
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A NON-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"). ACCORDINGLY, INCOME TAXES ARE NOT PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE CODE. THE SCHOOL APPLIES THE PROVISIONS OF FASB ASC 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FASB ASC 740 ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. THE SCHOOL BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES 17,717.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES 17,717.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03935905
IRS990ScheduleD/TotalExpensesPerForm990Amt09275799
IRS990ScheduleD/TotalRevenuePerForm990Amt09156194
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09173911
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09293516
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/ExplanationTxt0NOVA ACADEMY DOES NOT DISCRIMINATE IN ADMISSION BASED ON GENDER, NATIONAL ORIGIN, ETHNICITY, RELIGION, DISABILITY, ACADEMIC, ARTISTIC, ATHLETIC ABILITY, OR THE DISTRICT THE CHILD WOULD OTHERWISE ATTEND. STUDENTS WHO HAVE DOCUMENTED HISTORY OF CRIMINAL OFFENSES, JUVENILE COURT ADJUDICATION, OR DISCIPLINE PROBLEMS UNDER SUBCHAPTER A, CHAPTER 37 MAY BE EXCLUDED FROM ENROLLING.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1FUNDING THROUGH TEXAS EDUCATION AGENCY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt017718
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0JEAN DAY/WORLD'S FINEST CHOCOLATE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0DOUBLE GOOD
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt08912
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt05698
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt02495
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt017105
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt08912
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt05698
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt02495
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt017105
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-613
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt02748
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt016764
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt09492
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt04524
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt0954
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt0954
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
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/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02015-06-30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0752740102
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt06573682
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0SERIES 2015 A&B

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$10,200,831
Liabilities
$4,231,407
Net assets
$5,969,424
Revenue
$9,156,194
Expenses
$9,275,799
Net income
-$119,605
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.52$3.84$2.68$4.77$5.32$0.55
2024Detailed filing. Detailed filing data is available for this year.$7.44$3.75$3.68$6.07$7.10$1.03
2023Detailed filing. Detailed filing data is available for this year.$9.98$5.04$4.94$7.37$8.39$1.03
2022Detailed filing. Detailed filing data is available for this year.$10.2$4.23$5.97$9.16$9.28$0.12
2021Detailed filing. Detailed filing data is available for this year.$10.5$4.40$6.09$9.15$8.89$0.26
2020Detailed filing. Detailed filing data is available for this year.$10.4$4.52$5.83$7.96$7.93$0.03
2019Detailed filing. Detailed filing data is available for this year.$10.4$4.61$5.80$7.69$7.43$0.26
2018Detailed filing. Detailed filing data is available for this year.$10.5$4.93$5.54$7.70$7.67$0.03
2017Detailed filing. Detailed filing data is available for this year.$10.7$5.16$5.51$8.60$8.87$0.27
2016Detailed filing. Detailed filing data is available for this year.$11.3$5.50$5.78$9.37$8.85$0.52
2015Detailed filing. Detailed filing data is available for this year.$10.7$5.46$5.26$9.06$8.23$0.83
2014Detailed filing. Detailed filing data is available for this year.$10.6$6.20$4.42$8.26$7.57$0.68
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$6.40$3.74$7.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.98$6.42$3.55$7.11
2011Summary only. Only limited summary data is available for this year.$9.98$6.34$3.64$5.22$4.45$0.76