Civic Intelligence

Aristoi Classical Academy Inc.

990 • Fiscal year 2016 • EIN 76-0495959

Sep 01, 2015 to Aug 31, 2016 • Filed on Feb 02, 2017

5618 Eleventh StreetKaty, TX 77493

(281) 391-5003

Siviq Scores

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

Liabilities / Assets

80th percentile

0.61x

Higher debt load relative to assets than 80% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

79th percentile

0.86x

Higher debt load relative to revenue than 79% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

75th percentile

14%

Higher net margin than 75% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$90,000

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

99th percentile

218%

Faster asset growth than 99% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

79th percentile

20%

Faster revenue growth than 79% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$7,522,259

Up $5,155,306 (+218%) from 2015

Net Assets

Up

$2,931,052

Up $729,490 (+33%) from 2015

Liabilities

Up

$4,591,207

Up $4,425,816 (+2676%) from 2015

Revenue

Up

$5,363,349

Up $899,219 (+20%) from 2015

Expenses

Up

$4,633,859

Up $925,820 (+25%) from 2015

Net Income

Down

$729,490

Down $26,601 (-3.5%) from 2015

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2011: $2,376,051Liabilities 2011: $3,239,030Net Assets 2011: -$862,9792011Assets 2012: $2,419,836Liabilities 2012: $2,997,543Net Assets 2012: -$577,7072012Assets 2013: $2,191,783Liabilities 2013: $1,406,511Net Assets 2013: $785,2722013Assets 2014: $2,644,361Liabilities 2014: $1,198,890Net Assets 2014: $1,445,4712014Assets 2015: $2,366,953Liabilities 2015: $165,391Net Assets 2015: $2,201,5622015Assets 2016: $7,522,259Liabilities 2016: $4,591,207Net Assets 2016: $2,931,0522016Assets 2017: $12,578,368Liabilities 2017: $8,755,632Net Assets 2017: $3,822,7362017Assets 2018: $15,511,203Liabilities 2018: $11,024,101Net Assets 2018: $4,487,1022018Assets 2019: $16,498,888Liabilities 2019: $11,020,598Net Assets 2019: $5,478,2902019Assets 2020: $18,008,815Liabilities 2020: $12,210,527Net Assets 2020: $5,798,2882020Assets 2021: $20,662,039Liabilities 2021: $14,231,348Net Assets 2021: $6,430,6912021Assets 2022: $20,519,950Liabilities 2022: $13,234,956Net Assets 2022: $7,284,9942022Assets 2023: $19,970,240Liabilities 2023: $12,852,566Net Assets 2023: $7,117,6742023Assets 2024: $21,125,435Liabilities 2024: $13,559,774Net Assets 2024: $7,565,6612024

Highlighted filing

2016

Assets$7,522,259
Liabilities$4,591,207
Net Assets$2,931,052

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $2,507,7792011Expenses 2012: $2,237,2312012Expenses 2013: $2,046,1312013Revenue 2014: $3,448,912Expenses 2014: $2,788,713Net Income 2014: $660,1992014Revenue 2015: $4,464,130Expenses 2015: $3,708,039Net Income 2015: $756,0912015Revenue 2016: $5,363,349Expenses 2016: $4,633,859Net Income 2016: $729,4902016Revenue 2017: $6,577,416Expenses 2017: $5,685,732Net Income 2017: $891,6842017Revenue 2018: $7,645,470Expenses 2018: $6,746,339Net Income 2018: $899,1312018Revenue 2019: $8,781,909Expenses 2019: $7,790,721Net Income 2019: $991,1882019Revenue 2020: $9,467,882Expenses 2020: $9,147,884Net Income 2020: $319,9982020Revenue 2021: $12,715,494Expenses 2021: $11,488,115Net Income 2021: $1,227,3792021Revenue 2022: $14,658,818Expenses 2022: $13,804,515Net Income 2022: $854,3032022Revenue 2023: $14,636,252Expenses 2023: $14,803,572Net Income 2023: -$167,3202023Revenue 2024: $16,777,544Expenses 2024: $16,239,375Net Income 2024: $538,1692024

Highlighted filing

2016

Revenue$5,363,349
Expenses$4,633,859
Net Income$729,490
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Feb 2, 2017
Return Version
2015v3.0
Gross Receipts
$5,363,349
Mission and Program Overview

Mission

Our mission is to provide our students with an academically challenging classical liberal arts education that encourages them to develop a passion for learning that gives them the means to become responsible citizens of virtuous character.

Our mission is to provide our students with an academically challenging classical liberal arts education that encourages them to develop a passion for learning and that gives them the means to become responsible citizens of virtuous character.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,468,550$5,475,244▲ $4,006,694
Cash and Non-Interest-Bearing Accounts$581,539$1,723,780▲ $1,142,241
Pledges and Grants Receivable$307,164$313,535▲ $6,371
Prepaid Expenses and Deferred Charges$9,700$9,700→ $0
Total Assets$2,366,953$7,522,259▲ $5,155,306
Liabilities
Tax Exempt Bond Liabilities-$4,201,015-
Accounts Payable and Accrued Expenses$165,391$390,192▲ $224,801
Total Liabilities$165,391$4,591,207▲ $4,425,816
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,590,310$2,142,643▲ $552,333
Unrestricted Net Assets$611,252$788,409▲ $177,157
Total Net Assets Fund Balance$2,201,562$2,931,052▲ $729,490
Total Liabilities and Net Assets / Fund Balance$2,366,953$7,522,259▲ $5,155,306

Asset Categories

AssetBook ValueDepreciationBasis
Land$4,202,706-$401,311
Buildings$1,206,680$1,076,209-
Equipment$65,858$58,817-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Brenda DavidsonHeadmasterFT$90,000$90,000

Board Members and Trustees

NameTitle
Lucina BotondBoard President
Brad WebbBoard Vice-President
Adriana CoxBoard Member
Andy HovisBoard Member
Mark WallBoard Member
Julie CraigBoard Secretary
Thomas NunamakerBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,299,752
Program Service Revenue
$63,597
Investment Income
$0
Other Revenue
$0
All Other Contributions
$98,255
Change in Net Assets
$729,490
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,162,308
Other Expenses$1,471,551
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,072,308$0$0$3,072,308
Other Expenses$197,156$0$0$197,156
Current Officers, Directors, Trustees, and Key Employees$90,000$0$0$90,000
Total Functional Expenses$4,633,859$0$0$4,633,859
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala----
Indigogo----
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
APottsboro Higher Education Finance Corporation2016-02-01$10,725,000Facilites Construction
BPottsboro Higher Education Finance Corporation2016-02-01$405,000Facilities Construction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$4,345,000--$465,357
B$405,000---
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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
Filing and Contact Details

Filer

Filer Name
Aristoi Classical Academy Inc
EIN
76-0495959
Phone
2813915003
Address
5618 Eleventh Street, Katy, TX 77493

Signing Officer

Name
Lucina Botond
Title
President
Phone
2813915003
Signed
2017-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lucina Botond
Formed
1996
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
6
Employees
121
Volunteers
100

Preparer

Firm
Tom Nunamaker CPA
Address
21035 SOUTHERN COLONY CT, KATY, TX 77449-4213
Preparer
Thomas M Nunamaker
Phone
2819486981
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The full board reviews and approves the Form 990 and a motion is then put forth authorizing the Form 990 to be signed by the board president and filed with the IRS.

Pt VI, Line 12C

All board members complete a questionnaire annually

Pt VI, Line 19

All documents are available on-demand or on the website.

Pt VI, Line 4

By-laws were amended to change the term limits of board members. Charter holders name was changed to Aristoi Classical Academy, Inc.

Pt XII, Line 3B

The ACA was not required to undergo the stated audits.

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IRS990/Desc0THE SCHOOL SUCCESSFULLY PROVIDED A CLASSICAL LIBERAL ARTS EDUCATION FOCUSING ON THE CLASSICAL IDEAS OF TRUTH, GOODNESS, AND BEAUTY TO OVER 600 STUDENTS WHILE STILL ACHIEVING ALL OF THE STATE AND FEDERALLY MANDATED ACADEMIC STANDARDS.
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0YES. THE SCHOOL MAKES CLEAR IN ALL ADVERTISING AND ENROLLMENT LITERATURE THAT THE SCHOOL DOES NOT DISCRIMINATE IN ANY WAY. THE SCHOOL IS A CAMPUS-WIDE TITLE I SCHOOL AND IS PROHIBITEDD BY LAW FROM DISCRIMINATING. THIS INFORMATION IS AVAILABLE IN SCHOOL ENROLLMENT LITERATURE AND ON THE WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1AS A PUBLIC SCHOOL, ACA RECEIVES MOST OF IT'S OPERATING REVENUE FROM GOVERNMENTAL AGENCIES, PRIMARILY THE STATE OF TEXAS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Gala
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Indigogo
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02016-02-01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12016-02-01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0464641562
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1464641562
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0738222AA6
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum1738222AC2
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt010725000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt1405000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0Pottsboro Higher Education Finance Corporation
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1Pottsboro Higher Education Finance Corporation
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Facilites Construction
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1Facilities Construction
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd1true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt03970509
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0407852
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0465357
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingEscrowAmt0178128
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02017
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt04345000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt1405000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt0756632
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The full board reviews and approves the Form 990 and a motion is then put forth authorizing the Form 990 to be signed by the board president and filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All board members complete a questionnaire annually
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All documents are available on-demand or on the website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3By-laws were amended to change the term limits of board members. Charter holders name was changed to Aristoi Classical Academy, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The ACA was not required to undergo the stated audits.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XII, Line 3b
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt04201015
IRS990/TaxExemptBondsInd0true
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01590310
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt02142643
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02366953
IRS990/TotalAssetsEOYAmt07522259
IRS990/TotalAssetsGrp/BOYAmt02366953
IRS990/TotalAssetsGrp/EOYAmt07522259
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05299752
IRS990/TotalEmployeeCnt0121
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04633859
IRS990/TotalFunctionalExpensesGrp/TotalAmt04633859
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0165391
IRS990/TotalLiabilitiesEOYAmt04591207
IRS990/TotalLiabilitiesGrp/BOYAmt0165391
IRS990/TotalLiabilitiesGrp/EOYAmt04591207
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02201562
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02931052
IRS990/TotalProgramServiceExpensesAmt04633859
IRS990/TotalProgramServiceRevenueAmt063597
IRS990/TotalReportableCompFromOrgAmt090000
IRS990/TotalRevenueGrp/ExclusionAmt063597
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05363349
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02366953
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07522259
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0611252
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0788409
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05618 11th Street
IRS990/USAddress/CityNm0Katy
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077493
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.aristoiclassical.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LUCINA BOTOND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02813915003
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Aristoi Classical Academy Inc
ReturnHeader/Filer/BusinessNameControlTxt0ARIS
ReturnHeader/Filer/EIN0760495959
ReturnHeader/Filer/PhoneNum02813915003

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.1$13.6$7.57$16.8$16.2$0.54
2023Detailed filing. Detailed filing data is available for this year.$20.0$12.9$7.12$14.6$14.8$0.17
2022Detailed filing. Detailed filing data is available for this year.$20.5$13.2$7.28$14.7$13.8$0.85
2021Detailed filing. Detailed filing data is available for this year.$20.7$14.2$6.43$12.7$11.5$1.23
2020Detailed filing. Detailed filing data is available for this year.$18.0$12.2$5.80$9.47$9.15$0.32
2019Detailed filing. Detailed filing data is available for this year.$16.5$11.0$5.48$8.78$7.79$0.99
2018Detailed filing. Detailed filing data is available for this year.$15.5$11.0$4.49$7.65$6.75$0.90
2017Detailed filing. Detailed filing data is available for this year.$12.6$8.76$3.82$6.58$5.69$0.89
2016Detailed filing. Detailed filing data is available for this year.$7.52$4.59$2.93$5.36$4.63$0.73
2015Detailed filing. Detailed filing data is available for this year.$2.37$0.17$2.20$4.46$3.71$0.76
2014Detailed filing. Detailed filing data is available for this year.$2.64$1.20$1.45$3.45$2.79$0.66
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$1.41$0.79$2.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$3.00$0.58$2.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$3.24$0.86$2.51