Civic Intelligence

Wylie Preparatory Academy

990 • Fiscal year 2016 • EIN 75-2942442

Jun 01, 2015 to May 31, 2016 • Filed on Nov 07, 2016

PO Box 2273Wylie, TX 75098

(972) 442-1388

Siviq Scores

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

Liabilities / Assets

86th percentile

0.71x

Higher debt load relative to assets than 86% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

81st percentile

0.69x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

59th percentile

5.4%

Higher net margin than 59% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

51st percentile

1.5%

Faster asset growth than 51% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

82nd percentile

29%

Faster revenue growth than 82% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,920,035

Up $29,241 (+1.5%) from 2015

Net Assets

Up

$561,878

Up $107,800 (+24%) from 2015

Liabilities

Down

$1,358,157

Down $78,559 (-5.5%) from 2015

Revenue

Up

$1,982,697

Up $446,942 (+29%) from 2015

Expenses

Up

$1,874,897

Up $275,687 (+17%) from 2015

Net Income

Up

$107,800

Up $171,255 (+270%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,028,349Liabilities 2011: $1,908,324Net Assets 2011: $120,0252011Assets 2012: $2,336,761Liabilities 2012: $2,004,881Net Assets 2012: $331,8802012Assets 2013: $2,304,433Liabilities 2013: $1,963,900Net Assets 2013: $340,5332013Assets 2014: $2,109,656Liabilities 2014: $1,592,123Net Assets 2014: $517,5332014Assets 2015: $1,890,794Liabilities 2015: $1,436,716Net Assets 2015: $454,0782015Assets 2016: $1,920,035Liabilities 2016: $1,358,157Net Assets 2016: $561,8782016Assets 2017: $2,108,714Liabilities 2017: $1,394,632Net Assets 2017: $714,0822017Assets 2018: $2,232,987Liabilities 2018: $1,295,306Net Assets 2018: $937,6812018Assets 2019: $2,395,253Liabilities 2019: $1,253,274Net Assets 2019: $1,141,9792019Assets 2020: $2,623,390Liabilities 2020: $1,415,950Net Assets 2020: $1,207,4402020Assets 2021: $5,441,037Liabilities 2021: $3,989,264Net Assets 2021: $1,451,7732021Assets 2022: $5,963,691Liabilities 2022: $4,095,439Net Assets 2022: $1,868,2522022Assets 2023: $5,481,190Liabilities 2023: $3,626,217Net Assets 2023: $1,854,9732023Assets 2025: $5,337,306Liabilities 2025: $3,292,850Net Assets 2025: $2,044,4562025

Highlighted filing

2016

Assets$1,920,035
Liabilities$1,358,157
Net Assets$561,878

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $957,007Expenses 2011: $1,010,763Net Income 2011: -$53,7562011Revenue 2012: $1,289,512Expenses 2012: $1,077,727Net Income 2012: $211,7852012Expenses 2013: $1,192,9962013Revenue 2014: $1,466,002Expenses 2014: $1,364,002Net Income 2014: $102,0002014Revenue 2015: $1,535,755Expenses 2015: $1,599,210Net Income 2015: -$63,4552015Revenue 2016: $1,982,697Expenses 2016: $1,874,897Net Income 2016: $107,8002016Revenue 2017: $2,280,458Expenses 2017: $2,128,254Net Income 2017: $152,2042017Revenue 2018: $2,491,525Expenses 2018: $2,267,926Net Income 2018: $223,5992018Revenue 2019: $2,327,372Expenses 2019: $2,123,974Net Income 2019: $203,3982019Revenue 2020: $2,179,189Expenses 2020: $2,113,728Net Income 2020: $65,4612020Revenue 2021: $2,523,453Expenses 2021: $2,279,120Net Income 2021: $244,3332021Revenue 2022: $2,941,082Expenses 2022: $2,524,603Net Income 2022: $416,4792022Revenue 2023: $2,972,140Expenses 2023: $2,983,678Net Income 2023: -$11,5382023Revenue 2025: $3,301,828Expenses 2025: $3,109,201Net Income 2025: $192,6272025

Highlighted filing

2016

Revenue$1,982,697
Expenses$1,874,897
Net Income$107,800
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Nov 7, 2016
Return Version
2015v2.1
Gross Receipts
$1,982,697
Mission and Program Overview

Mission

To operate a university model school providing Christian based educationfor grades K through 12.

To operate a university model school providing christian based education for grades k through 12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,737,488$1,785,023▲ $47,535
Cash and Non-Interest-Bearing Accounts$82,621$93,720▲ $11,099
Accounts Receivable$68,166$34,486▼ $33,680
Inventories for Sale or Use$2,519$2,598▲ $79
Total Assets$1,890,794$1,920,035▲ $29,241
Other Assets Total-$4,208-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,230,426$1,174,754▼ $55,672
Deferred Revenue$193,339$151,531▼ $41,808
Accounts Payable and Accrued Expenses$12,951$31,872▲ $18,921
Total Liabilities$1,436,716$1,358,157▼ $78,559
Net Assets / Fund Balance
Unrestricted Net Assets$454,078$561,878▲ $107,800
Total Net Assets Fund Balance$454,078$561,878▲ $107,800
Total Liabilities and Net Assets / Fund Balance$1,890,794$1,920,035▲ $29,241

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,201,589$216,034$1,417,623
Land$527,777-$527,777
Equipment$55,657$79,989$135,646
Compensation and Service Providers

Board Members and Trustees

NameTitle
Scott ReuthingerPresident
Barry BaughierBoard Member
Dr Lash BanksBoard Member
Holly KieserBoard Member
Kristin KellyBoard Member
Spencer PhillipsBoard Member
David DrydenTreasurer
Trent ChambersVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$64,214
Program Service Revenue
$1,913,802
Investment Income
$0
Other Revenue
$4,681
All Other Contributions
$64,214
Change in Net Assets
$107,800

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,982,697
Total Revenue per Audited Statements
$1,982,697
Total Revenue per Form 990
$1,982,697
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,225,282
Other Expenses$649,615
Total Fundraising Expense$13,131
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$993,669$143,058-$1,136,727
Occupancy$76,584$19,146-$95,730
Payroll Taxes$77,410$11,145-$88,555
All Other Expenses$51,592$10,534$13,131$75,257
Depreciation Depletion$61,329--$61,329
Interest-$53,939-$53,939
Information Technology$36,393$9,098-$45,491
Other Expenses$29,441--$29,441
Insurance$15,657$3,176-$18,833
Office Expenses$14,568$2,676-$17,244
Advertising$282--$282
Total Functional Expenses$1,608,994$252,772$13,131$1,874,897

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,874,897
Total Expenses per Audited Statements$1,874,897
Total Expenses per Form 990$1,874,897
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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, Page 6, Part VI, Line 11B

The form 990 is reviewed by the president and the finance director prior to filing.

Form 990, Page 6, Part VI, Line 12C

Each board member must complete a questionnaire annually to assist in identifying potentail conflicts.

Form 990, Page 6, Part VI, Line 15B

The salaries of the officers are approved by the independent board members. The salaries are determined based on a survey conducted among the numerous university model schools.

Form 990, Page 6, Part VI, Line 19

Documents available to the public upon request. An administrative fee may be charged for compiling documents.

Filing and Contact Details

Filer

Filer Name
Wylie Preparatory Academy
EIN
75-2942442
Phone
9724421388
Address
PO BOX 2273, WYLIE, TX 75098

Signing Officer

Name
Brenda Kirby
Title
Administrator
Phone
9724421388
Signed
2016-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brenda Kirby
Formed
2001
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
77

Preparer

Firm
Nabors CPA Services Pc
Address
8765 STOCKARD DRIVE SUITE 404, FRISCO, TX 75034-8007
Preparer
R Wayne Nabors CPA
Phone
9724641226
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Inkind contributions 0 in-kind expenses 0

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

INKIND CONTRIBUTIONS 0

Schedule D, Page 4, Part XII, Line 2D

IN-KIND EXPENSES 0

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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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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/BookValueAmt01201589
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0216034
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01417623
IRS990ScheduleD/EquipmentGrp/BookValueAmt055657
IRS990ScheduleD/EquipmentGrp/DepreciationAmt079989
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0135646
IRS990ScheduleD/ExpensesSubtotalAmt01874897
IRS990ScheduleD/LandGrp/BookValueAmt0527777
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0527777
IRS990ScheduleD/RevenueSubtotalAmt01982697
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INKIND CONTRIBUTIONS 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1IN-KIND EXPENSES 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01785023
IRS990ScheduleD/TotalExpensesPerForm990Amt01874897
IRS990ScheduleD/TotalRevenuePerForm990Amt01982697
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01982697
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01874897
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL PUBLISHES ITS NON-DISCRIMINATORY POLICY IN THE LOCAL NEWSPAPER.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE PRESIDENT AND THE FINANCE DIRECTOR PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER MUST COMPLETE A QUESTIONNAIRE ANNUALLY TO ASSIST IN IDENTIFYING POTENTAIL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SALARIES OF THE OFFICERS ARE APPROVED BY THE INDEPENDENT BOARD MEMBERS. THE SALARIES ARE DETERMINED BASED ON A SURVEY CONDUCTED AMONG THE NUMEROUS UNIVERSITY MODEL SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. AN ADMINISTRATIVE FEE MAY BE CHARGED FOR COMPILING DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INKIND CONTRIBUTIONS 0 IN-KIND EXPENSES 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01890794
IRS990/TotalAssetsEOYAmt01920035
IRS990/TotalAssetsGrp/BOYAmt01890794
IRS990/TotalAssetsGrp/EOYAmt01920035
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt064214
IRS990/TotalEmployeeCnt077
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013131
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0252772
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01608994
IRS990/TotalFunctionalExpensesGrp/TotalAmt01874897
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01436716
IRS990/TotalLiabilitiesEOYAmt01358157
IRS990/TotalLiabilitiesGrp/BOYAmt01436716
IRS990/TotalLiabilitiesGrp/EOYAmt01358157
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0454078
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0561878
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0-191034
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0-191034
IRS990/TotalProgramServiceExpensesAmt01608994
IRS990/TotalProgramServiceRevenueAmt01913802
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01918483
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01982697
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01890794
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01920035
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0454078
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0561878
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 2273
IRS990/USAddress/CityNm0WYLIE
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075098
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0HTTP://WYLIEPREP.COM/
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRENDA KIRBY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09724421388
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WYLIE PREPARATORY ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0WYLI
ReturnHeader/Filer/EIN0752942442
ReturnHeader/Filer/PhoneNum09724421388
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2273
ReturnHeader/Filer/USAddress/CityNm0WYLIE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075098
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453620083
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NABORS CPA SERVICES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08765 STOCKARD DRIVE SUITE 404
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FRISCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0750348007
ReturnHeader/PreparerPersonGrp/PhoneNum09724641226
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0R WAYNE NABORS CPA
ReturnHeader/ReturnTs02016-11-14T16:59:39-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-06-01
ReturnHeader/TaxPeriodEndDt02016-05-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.34$3.29$2.04$3.30$3.11$0.19
2023Summary only. Only limited summary data is available for this year.$5.48$3.63$1.85$2.97$2.98$0.01
2022Summary only. Only limited summary data is available for this year.$5.96$4.10$1.87$2.94$2.52$0.42
2021Summary only. Only limited summary data is available for this year.$5.44$3.99$1.45$2.52$2.28$0.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.62$1.42$1.21$2.18$2.11$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.40$1.25$1.14$2.33$2.12$0.20
2018Summary only. Only limited summary data is available for this year.$2.23$1.30$0.94$2.49$2.27$0.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.11$1.39$0.71$2.28$2.13$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.92$1.36$0.56$1.98$1.87$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.89$1.44$0.45$1.54$1.60$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.11$1.59$0.52$1.47$1.36$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$1.96$0.34$1.19
2012Summary only. Only limited summary data is available for this year.$2.34$2.00$0.33$1.29$1.08$0.21
2011Summary only. Only limited summary data is available for this year.$2.03$1.91$0.12$0.96$1.01$0.05