Civic Intelligence

Aristoi Classical Academy Inc.

990 • Fiscal year 2021 • EIN 76-0495959

Sep 01, 2020 to Aug 31, 2021 • Filed on May 20, 2022

5610 Morton RdKaty, TX 77493

(281) 391-5003

Siviq Scores

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

Liabilities / Assets

84th percentile

0.69x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

82nd percentile

1.12x

Higher debt load relative to revenue than 82% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

44th percentile

9.7%

Higher net margin than 44% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

17th percentile

$55,817

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

61st percentile

15%

Faster asset growth than 61% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

72nd percentile

34%

Faster revenue growth than 72% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$20,662,039

Up $2,653,224 (+15%) from 2020

Net Assets

Up

$6,430,691

Up $632,403 (+11%) from 2020

Liabilities

Up

$14,231,348

Up $2,020,821 (+17%) from 2020

Revenue

Up

$12,715,494

Up $3,247,612 (+34%) from 2020

Expenses

Up

$11,488,115

Up $2,340,231 (+26%) from 2020

Net Income

Up

$1,227,379

Up $907,381 (+284%) from 2020

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

2021

Assets$20,662,039
Liabilities$14,231,348
Net Assets$6,430,691

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

2021

Revenue$12,715,494
Expenses$11,488,115
Net Income$1,227,379
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
May 20, 2022
Return Version
2020v4.2
Gross Receipts
$12,715,494
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,997,471$11,137,154▲ $139,683
Cash and Non-Interest-Bearing Accounts$4,541,276$4,958,256▲ $416,980
Intangible Assets-$2,119,363-
Savings and Temporary Cash Investments$1,532,480$1,537,292▲ $4,812
Pledges and Grants Receivable$927,888$894,974▼ $32,914
Prepaid Expenses and Deferred Charges$9,700$9,700→ $0
Accounts Receivable$0$5,300▲ $5,300
Total Assets$18,008,815$20,662,039▲ $2,653,224
Liabilities
Tax Exempt Bond Liabilities$10,291,742$13,288,862▲ $2,997,120
Other Liabilities$1,034,348$0▼ $1,034,348
Accounts Payable and Accrued Expenses$884,437$942,486▲ $58,049
Total Liabilities$12,210,527$14,231,348▲ $2,020,821
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,013,347$3,414,288▼ $599,059
Net Assets Without Donor Restrictions$1,784,941$3,016,403▲ $1,231,462
Total Net Assets Fund Balance$5,798,288$6,430,691▲ $632,403
Total Liabilities and Net Assets / Fund Balance$18,008,815$20,662,039▲ $2,653,224

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,254,746$2,360,823$9,615,569
Land$3,805,756-$3,805,756
Equipment$66,283$183,910$250,193
Other Land Buildings$10,369$6,913$17,282
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Julie CraigBoard Secretary (partial Year)$55,667$150$55,817

Board Members and Trustees

NameTitle
Lucina BotondBoard President
Richard WilliamsBoard Vice President
Andrew HovisBoard Member
David LightBoard Member
Gary FergusonBoard Member (partial Year)
Adriana CoxBoard Secretary
Sean DollahonBoard Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Abilities Therapy And ConsultingSpecial Education13918 SAINT MARYS LANE, Houston, TX 77079$241,871
Revenue and Support

Revenue Composition

Contributions and Grants
$1,219,601
Program Service Revenue
$11,483,807
Investment Income
$12,086
Other Revenue
$0
All Other Contributions
$185,253
Change in Net Assets
$1,227,379

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,715,494
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$12,715,494
Total Revenue per Form 990
$12,715,494
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,760,594
Other Expenses$4,727,521
Total Fundraising Expense$148,133
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,563,893$528,494$103,826$6,196,213
Depreciation Depletion-$991,582-$991,582
Interest-$954,033-$954,033
Fees for Services Other$480,016$440,044$8,053$928,113
Occupancy-$455,468-$455,468
Pension Plan Contributions$192,368$18,272$3,590$214,230
Other Employee Benefits$169,210$16,073$3,158$188,441
Fees for Services Accounting-$105,049-$105,049
Payroll Taxes$85,248$8,097$1,591$94,936
Insurance-$85,450-$85,450
Current Officers, Directors, Trustees, and Key Employees$59,960$5,695$1,119$66,774
Travel-$56,431-$56,431
Information Technology-$44,334-$44,334
Fees for Services Legal-$28,164-$28,164
Other Expenses$19,416-$26,796$19,416
All Other Expenses$12,984--$12,984
Conferences and Meetings-$8,852-$8,852
Advertising-$6,202-$6,202
Total Functional Expenses$7,587,742$3,752,240$148,133$11,488,115

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,488,115
Total Expenses per Audited Statements$11,488,115
Total Expenses per Form 990$11,488,115
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Julie CraigBoard SecretaryAristoi Academy TeacherNo$66,774
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
APottsboro Higher Education Finance Corporation2016-02-01$10,725,000FACILITIES CONSTRUCTION
BPottsboro Higher Education Finance Corporation2016-02-01$405,000FACILITIES CONSTRUCTION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----
B----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
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
Yes
Material changes to governing documents
No
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

Governance Explanations

Form 990, Part VI, Section B, 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.

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

All board members complete a questionnaire annually.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Aristoi Classical Academy Inc
EIN
76-0495959
Phone
2813915003
Address
5610 MORTON RD, KATY, TX 77493

Signing Officer

Name
Lucina Botond
Title
President
Phone
2813915003
Signed
2022-05-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lucina Botond
Formed
1996
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
178
Volunteers
126

Preparer

Firm
Whitley Penn Llp
Address
640 TAYLOR STREET SUITE 2200, FT WORTH, TX 76102
Preparer
Emily Landry
Phone
8172599100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

Aristoi classical academy has a budget and finance committee that consists of the board president, board treasurer, superintendent and business manager. The budget committee reviews the audit. The full board reviews and approves the audit, and selects the independent accountant.

Financial Statement Notes

PART X, LINE 2:

The academy is a nonprofit corporation that is exempt from federal income taxes under section 501(c)(3) of the u.s. Internal revenue code ("the code") and comparable state of texas law. The academy did not conduct any unrelated business activities in the current fiscal year. Therefore, the academy has made no provision for federal income taxes in the accompanying financial statements. The academy has also been classified as a publicly supported academy, which is not a private foundation under section 509(a) of the code. Accordingly, contributions to the academy are tax deductible within the limitations prescribed by the code. The academy applies the provisions of fasb asc topic 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 topic 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The academy 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.

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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 920 STUDENTS WHILE STILL ACHIEVING ALL OF THE STATE AND FEDERALLY MANDATED ACADEMIC STANDARDS.
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0OUR 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05798288
IRS990/NetAssetsOrFundBalancesEOYAmt06430691
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0225
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0225
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01784941
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03016403
IRS990/NoncashContributionsAmt016086
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0455468
IRS990/OccupancyGrp/TotalAmt0455468
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03158
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016073
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0169210
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0188441
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL EXPENSE
IRS990/OtherExpensesGrp/Desc1FOOD SERVICES
IRS990/OtherExpensesGrp/Desc2FUNDRAISING
IRS990/OtherExpensesGrp/Desc3EXTRACURRICULAR ACTIVIT
IRS990/OtherExpensesGrp/FundraisingAmt026796
IRS990/OtherExpensesGrp/ProgramServicesAmt0857449
IRS990/OtherExpensesGrp/ProgramServicesAmt1147198
IRS990/OtherExpensesGrp/ProgramServicesAmt219416
IRS990/OtherExpensesGrp/TotalAmt0857449
IRS990/OtherExpensesGrp/TotalAmt1147198
IRS990/OtherExpensesGrp/TotalAmt226796
IRS990/OtherExpensesGrp/TotalAmt319416
IRS990/OtherLiabilitiesGrp/BOYAmt01034348
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0103826
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0528494
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05563893
IRS990/OtherSalariesAndWagesGrp/TotalAmt06196213
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01591
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08097
IRS990/PayrollTaxesGrp/ProgramServicesAmt085248
IRS990/PayrollTaxesGrp/TotalAmt094936
IRS990/PensionPlanContributionsGrp/FundraisingAmt03590
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt018272
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0192368
IRS990/PensionPlanContributionsGrp/TotalAmt0214230
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0927888
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0894974
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09700
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09700
IRS990/PrincipalOfficerNm0LUCINA BOTOND
IRS990/PriorPeriodAdjustmentsAmt0-594976
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/Desc0STATE PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1FEDERAL PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2FOOD SERVICE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010364177
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1999363
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2120267
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010364177
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1999363
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2120267
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0150772
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt024975
IRS990/PYOtherExpensesAmt04232413
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt09292135
IRS990/PYRevenuesLessExpensesAmt0319998
IRS990/PYSalariesCompEmpBnftPaidAmt04915471
IRS990/PYTotalExpensesAmt09147884
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09467882
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01227379
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt011484032
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01532480
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01537292
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/BookValueAmt07254746
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02360823
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09615569
IRS990ScheduleD/EquipmentGrp/BookValueAmt066283
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0183910
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0250193
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011488115
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03805756
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03805756
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010369
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06913
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt017282
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt012715494
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY IS A NONPROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE ("THE CODE") AND COMPARABLE STATE OF TEXAS LAW. THE ACADEMY DID NOT CONDUCT ANY UNRELATED BUSINESS ACTIVITIES IN THE CURRENT FISCAL YEAR. THEREFORE, THE ACADEMY HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ACADEMY HAS ALSO BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ACADEMY, WHICH IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. ACCORDINGLY, CONTRIBUTIONS TO THE ACADEMY ARE TAX DEDUCTIBLE WITHIN THE LIMITATIONS PRESCRIBED BY THE CODE. THE ACADEMY APPLIES THE PROVISIONS OF FASB ASC TOPIC 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 TOPIC 740 ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. THE ACADEMY 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/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011137154
IRS990ScheduleD/TotalExpensesPerForm990Amt011488115
IRS990ScheduleD/TotalRevenuePerForm990Amt012715494
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012715494
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011488115
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/ExplanationTxt0YES, THE SCHOOL MAKES IT 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 PROHIBITED 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 ITS OPERATING REVENUE FROM GOVERNMENTAL AGENCIES, PRIMARILY THE STATE OF TEXAS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd10
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/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd10

Document Assets

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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