Civic Intelligence

Tekoa Charter School Inc.

990 • Fiscal year 2018 • EIN 76-0556540

Sep 01, 2017 to Aug 31, 2018 • Filed on Feb 01, 2019

Organization ProfileTEKOACHARTERSCHOOL.ORG
326 Thomas BlvdPort Arthur, TX 77640

(409) 982-5400

Siviq Scores

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

Liabilities / Assets

55th percentile

0.20x

Higher debt load relative to assets than 55% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

50th percentile

0.17x

Higher debt load relative to revenue than 50% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

63rd percentile

8.0%

Higher net margin than 63% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

90th percentile

$335,970

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

60th percentile

4.5%

Faster asset growth than 60% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

27th percentile

-4.6%

Faster revenue growth than 27% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$4,682,008

Up $200,904 (+4.5%) from 2017

Net Assets

Up

$3,752,974

Up $446,562 (+14%) from 2017

Liabilities

Down

$929,034

Down $245,658 (-21%) from 2017

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin63rd percentile

Revenue

Down

$5,604,767

Down $272,743 (-4.6%) from 2017

Expenses

Up

$5,158,205

Up $475,808 (+10%) from 2017

Net Income

Down

$446,562

Down $748,551 (-63%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,225,859Liabilities 2011: $299,544Net Assets 2011: $1,926,3152011Assets 2012: $2,142,317Liabilities 2012: $215,847Net Assets 2012: $1,926,4702012Assets 2013: $1,935,901Liabilities 2013: $160,564Net Assets 2013: $1,775,3372013Assets 2014: $2,083,053Liabilities 2014: $349,823Net Assets 2014: $1,733,2302014Assets 2015: $2,533,351Liabilities 2015: $801,582Net Assets 2015: $1,731,7692015Assets 2016: $2,959,715Liabilities 2016: $848,416Net Assets 2016: $2,111,2992016Assets 2017: $4,481,104Liabilities 2017: $1,174,692Net Assets 2017: $3,306,4122017Assets 2018: $4,682,008Liabilities 2018: $929,034Net Assets 2018: $3,752,9742018Assets 2019: $4,251,109Liabilities 2019: $923,896Net Assets 2019: $3,327,2132019Assets 2020: $5,491,691Liabilities 2020: $1,772,220Net Assets 2020: $3,719,4712020Assets 2021: $5,970,685Liabilities 2021: $1,484,195Net Assets 2021: $4,486,4902021Assets 2022: $6,267,686Liabilities 2022: $975,345Net Assets 2022: $5,292,3412022Assets 2023: $5,189,030Liabilities 2023: $879,990Net Assets 2023: $4,309,0402023

Highlighted filing

2018

Assets$4,682,008
Liabilities$929,034
Net Assets$3,752,974
Open 2018 Filing

Operations Trend

Revenue Growth27th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $4,614,869Expenses 2011: $4,418,436Net Income 2011: $196,4332011Revenue 2012: $4,492,832Expenses 2012: $4,492,677Net Income 2012: $1552012Expenses 2013: $4,207,8482013Revenue 2014: $3,769,355Expenses 2014: $3,811,462Net Income 2014: -$42,1072014Revenue 2015: $3,867,564Expenses 2015: $3,846,623Net Income 2015: $20,9412015Revenue 2016: $4,664,963Expenses 2016: $4,285,433Net Income 2016: $379,5302016Revenue 2017: $5,877,510Expenses 2017: $4,682,397Net Income 2017: $1,195,1132017Revenue 2018: $5,604,767Expenses 2018: $5,158,205Net Income 2018: $446,5622018Revenue 2019: $4,595,386Expenses 2019: $5,021,147Net Income 2019: -$425,7612019Revenue 2020: $5,313,749Expenses 2020: $4,921,491Net Income 2020: $392,2582020Revenue 2021: $5,810,818Expenses 2021: $4,910,565Net Income 2021: $900,2532021Revenue 2022: $6,893,518Expenses 2022: $6,087,667Net Income 2022: $805,8512022Revenue 2023: $4,540,869Expenses 2023: $5,485,319Net Income 2023: -$944,4502023

Highlighted filing

2018

Revenue$5,604,767
Expenses$5,158,205
Net Income$446,562
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Feb 1, 2019
Return Version
2017v2.3
Gross Receipts
$5,604,767
Mission and Program Overview

Mission

Education activity- open enrollment public charter school. Maximum enrollment 1500 students.

Education activity- open enrollment public charter school. Maximum enrollment 800 students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,451,082$2,448,902▼ $2,180
Savings and Temporary Cash Investments$984,456$2,023,617▲ $1,039,161
Accounts Receivable$1,012,838$154,045▼ $858,793
Total Assets$4,481,104$4,682,008▲ $200,904
Other Assets Total$32,728$55,444▲ $22,716
Liabilities
Mortgage Notes Payable Secured by Investment Property$665,316$665,542▲ $226
Accounts Payable and Accrued Expenses$509,376$263,492▼ $245,884
Total Liabilities$1,174,692$929,034▼ $245,658
Net Assets / Fund Balance
Unrestricted Net Assets$2,644,253$2,644,253→ $0
Temporarily Rstr Net Assets$662,159$1,108,721▲ $446,562
Total Net Assets Fund Balance$3,306,412$3,752,974▲ $446,562
Total Liabilities and Net Assets / Fund Balance$4,481,104$4,682,008▲ $200,904

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,368,102$1,530,568$3,898,670
Land$80,800-$80,800
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Paula RichardsonC.e.o PrincipalFT$335,970$335,970

Board Members and Trustees

NameTitle
Ronnie LindenBoard Chairman
Fabiola SmallBoardmember
Kenneth PhillipsBoardmember
Rodney WhitneyBoardmember

Highest Paid Contractors

ContractorServicesLocationCompensation
Optimal FinancialmgtcompanyllcFin Mgt, Proj Mgt, Admin, Consult595 ORLEANS STREET SUITE 701, Beaumont, TX 77701$520,485
Revenue and Support

Revenue Composition

Contributions and Grants
$5,604,767
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$339,544
Change in Net Assets
$446,562
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,213,456
Other Expenses$1,944,749
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,470,491$27,660-$2,498,151
Current Officers, Directors, Trustees, and Key Employees$282,605$53,365-$335,970
Other Employee Benefits$322,250--$322,250
Fees for Services Management$184,046$137,458-$321,504
Occupancy$187,357--$199,876
Fees for Services Accounting-$152,047-$152,047
Interest-$78,863-$78,863
Information Technology$77,165--$77,165
Depreciation Depletion$76,664--$76,664
Travel$43,467$32,175-$75,642
Insurance$61,548$7,792-$69,340
Office Expenses$5,032$59,645-$64,677
Payroll Taxes$57,085--$57,085
Fees for Services Legal-$36,794-$36,794
Other Expenses$22,601--$22,601
Total Functional Expenses$4,372,406$585,799$0$5,158,205
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
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
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
Filing and Contact Details

Filer

Filer Name
Tekoa Charter School Inc
EIN
76-0556540
Phone
4099825400
Address
326 THOMAS BLVD, PORT ARTHUR, TX 77640
Doing Business As
Tekoa Academy of Accelerated Learning

Signing Officer

Name
Paula Richardson
Title
Chief Executive Officer
Signed
2019-02-01
Discuss with paid preparer
No

Organization Details

Formed
1999
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
4
Employees
81

Preparer

Firm
Optimal Financial Mgtco LLC
Address
595 ORLEANS STREET STE 701, BEAUMONT, TX 77701
Preparer
Gregory Boutte
Phone
4098356600
Supplemental Narrative

Additional Explanations

Form 990, Part I, Section NONE, Line NONE

“NONE”

Raw XML Appendix364 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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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt04664963
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03867564
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03769355
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01530568
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IRS990ScheduleD/LandGrp/BookValueAmt080800
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt080800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02448902
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IRS990/SignificantChangeInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01108721
IRS990/TempOrPermanentEndowmentsInd0false
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IRS990/TotalContributionsAmt05604767
IRS990/TotalEmployeeCnt081
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0585799
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04372406
IRS990/TotalFunctionalExpensesGrp/TotalAmt05158205
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IRS990/VotingMembersGoverningBodyCnt05
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IRS990/WebsiteAddressTxt0TEKOACHARTERSCHOOL.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0PAULA RICHARDSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF EXECUTIVE OFFICER
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEKOA CHARTER SCHOOL INC
ReturnHeader/Filer/BusinessNameControlTxt0TEKO
ReturnHeader/Filer/EIN0760556540
ReturnHeader/Filer/PhoneNum04099825400
ReturnHeader/Filer/USAddress/AddressLine1Txt0326 THOMAS BLVD
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId07659852019004rab4s44
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-02-01
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt076.203.0.165
ReturnHeader/FilingSecurityInformation/IPDt02019-02-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:51:38
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OPTIMAL FINANCIAL MGTCO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0595 ORLEANS STREET STE 701
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BEAUMONT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077701
ReturnHeader/PreparerPersonGrp/PhoneNum04098356600
ReturnHeader/PreparerPersonGrp/PreparationDt02019-02-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREGORY BOUTTE
ReturnHeader/ReturnTs02019-02-01T03:27:16-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-09-01
ReturnHeader/TaxPeriodEndDt02018-08-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,682,008
Liabilities
$929,034
Net assets
$3,752,974
Revenue
$5,604,767
Expenses
$5,158,205
Net income
$446,562
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$5.19$0.88$4.31$4.54$5.49$0.94
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.27$0.98$5.29$6.89$6.09$0.81
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.97$1.48$4.49$5.81$4.91$0.90
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.49$1.77$3.72$5.31$4.92$0.39
2019Summary only. Only limited summary data is available for this year.$4.25$0.92$3.33$4.60$5.02$0.43
2018Detailed filing. Detailed filing data is available for this year.$4.68$0.93$3.75$5.60$5.16$0.45
2017Summary only. Only limited summary data is available for this year.$4.48$1.17$3.31$5.88$4.68$1.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.96$0.85$2.11$4.66$4.29$0.38
2015Detailed filing. Detailed filing data is available for this year.$2.53$0.80$1.73$3.87$3.85$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.08$0.35$1.73$3.77$3.81$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.16$1.78$4.21
2012Summary only. Only limited summary data is available for this year.$2.14$0.22$1.93$4.49$4.49$0.00
2011Summary only. Only limited summary data is available for this year.$2.23$0.30$1.93$4.61$4.42$0.20