Civic Intelligence

Texas Serenity Academy Inc

990 • Fiscal year 2018 • EIN 76-0575970

Sep 01, 2017 to Aug 31, 2018 • Filed on Apr 06, 2019

400 N Sam Houston Pkwy EHouston, TX 77060

(281) 931-8887

Siviq Scores

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

Liabilities / Assets

91st percentile

0.99x

Higher debt load relative to assets than 91% of similar nonprofits.

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

Liabilities / Revenue

61st percentile

0.27x

Higher debt load relative to revenue than 61% of similar nonprofits.

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

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

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

Top Officer Pay

66th percentile

$161,803

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

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

Asset Growth

98th percentile

212%

Faster asset growth than 98% of similar nonprofits.

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

Revenue Growth

85th percentile

38%

Faster revenue growth than 85% of similar nonprofits.

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

Assets

Up

$1,954,988

Up $1,327,544 (+212%) from 2017

Net Assets

Up

$13,432

Up $782,189 (+102%) from 2017

Liabilities

Up

$1,941,556

Up $545,355 (+39%) from 2017

Revenue

Up

$7,133,496

Up $1,955,869 (+38%) from 2017

Expenses

Up

$6,351,307

Up $395,091 (+6.6%) from 2017

Net Income

Up

$782,189

Up $1,560,778 (+200%) from 2017

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$0-$2.0M-$4.0MAssets 2011: $1,139,944Liabilities 2011: $680,703Net Assets 2011: $459,2412011Assets 2012: $1,129,738Liabilities 2012: $623,304Net Assets 2012: $506,4342012Assets 2013: $927,448Liabilities 2013: $527,290Net Assets 2013: $400,1582013Assets 2014: $903,595Liabilities 2014: $551,493Net Assets 2014: $352,1022014Assets 2015: $601,633Liabilities 2015: $478,791Net Assets 2015: $122,8422015Assets 2016: $925,018Liabilities 2016: $915,186Net Assets 2016: $9,8322016Assets 2017: $627,444Liabilities 2017: $1,396,201Net Assets 2017: -$768,7572017Assets 2018: $1,954,988Liabilities 2018: $1,941,556Net Assets 2018: $13,4322018Assets 2019: $1,136,130Liabilities 2019: $2,338,723Net Assets 2019: -$1,202,5932019Assets 2020: $3,130,533Liabilities 2020: $5,437,287Net Assets 2020: -$2,306,7542020Assets 2021: $2,023,938Liabilities 2021: $3,931,485Net Assets 2021: -$1,907,5472021Assets 2022: $2,048,347Liabilities 2022: $3,564,035Net Assets 2022: -$1,515,6882022

Highlighted filing

2018

Assets$1,954,988
Liabilities$1,941,556
Net Assets$13,432

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $4,085,885Expenses 2011: $3,935,655Net Income 2011: $150,2302011Expenses 2012: $4,941,6752012Expenses 2013: $4,813,5362013Revenue 2014: $4,925,945Expenses 2014: $4,970,793Net Income 2014: -$44,8482014Revenue 2015: $4,862,370Expenses 2015: $5,091,630Net Income 2015: -$229,2602015Revenue 2016: $5,002,481Expenses 2016: $5,110,516Net Income 2016: -$108,0352016Revenue 2017: $5,177,627Expenses 2017: $5,956,216Net Income 2017: -$778,5892017Revenue 2018: $7,133,496Expenses 2018: $6,351,307Net Income 2018: $782,1892018Revenue 2019: $6,568,427Expenses 2019: $7,616,312Net Income 2019: -$1,047,8852019Revenue 2020: $6,883,915Expenses 2020: $7,988,076Net Income 2020: -$1,104,1612020Revenue 2021: $7,944,299Expenses 2021: $7,458,068Net Income 2021: $486,2312021Revenue 2022: $5,794,775Expenses 2022: $5,402,916Net Income 2022: $391,8592022

Highlighted filing

2018

Revenue$7,133,496
Expenses$6,351,307
Net Income$782,189
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Apr 6, 2019
Return Version
2017v2.2
Gross Receipts
$7,133,496
Mission and Program Overview

Mission

ACADEMIC EDUCATION

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$108,902$655,996▲ $547,094
Pledges and Grants Receivable$54,548$646,002▲ $591,454
Land, Buildings, and Equipment, Net$259,098$491,421▲ $232,323
Receivables From Officers Etc$91,241$79,241▼ $12,000
Accounts Receivable$77,405$58,426▼ $18,979
Prepaid Expenses and Deferred Charges$36,250$23,902▼ $12,348
Total Assets$627,444$1,954,988▲ $1,327,544
Liabilities
Unsecured Notes Loans Payable$423,888$588,454▲ $164,566
Other Liabilities$299,595$564,908▲ $265,313
Mortgage Notes Payable Secured by Investment Property$466,462$539,505▲ $73,043
Accounts Payable and Accrued Expenses$181,193$218,124▲ $36,931
Deferred Revenue$25,063$30,565▲ $5,502
Total Liabilities$1,396,201$1,941,556▲ $545,355
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$13,432-
Unrestricted Net Assets$-768,757--
Total Net Assets Fund Balance$-768,757$13,432▲ $782,189
Total Liabilities and Net Assets / Fund Balance$627,444$1,954,988▲ $1,327,544

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$66,729$950,309$1,017,038
Other Land Buildings$206,471$219,189$425,660
Leasehold Improvements$218,221$4,079$222,300
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hagmon Simmons--$168,008$9,527$177,535
Hagmon SimmonsSuperintendentFT$161,803-$161,803
Larry JenkinsDirector of Human ResourcesFT$112,982-$112,982
Marcia RoweAccountantFT$62,893-$62,893

Board Members and Trustees

NameTitle
Alfred WilliamsBoard President
Kenneth WhiteBoard Vice President
Damon StewardBoard Member
Gloria RoseBoard Member
Robert MarbleyBoard Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$7,133,496
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$549,304
Change in Net Assets
$782,189
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,766,023
Other Expenses$2,585,284
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,796,651$228,698$0$3,025,349
Occupancy$605,325$151,331$0$756,656
Interest$0$512,137$0$512,137
Current Officers, Directors, Trustees, and Key Employees$0$392,143$0$392,143
Insurance$312,000$46,621$0$358,621
Pension Plan Contributions$109,794$27,449$0$137,243
Other Employee Benefits$109,661$27,416$0$137,077
Payroll Taxes$62,516$11,695$0$74,211
All Other Expenses$74,147$0$0$74,147
Other Expenses$51,869$0$0$51,869
Fees for Services Legal$49,704$0$0$49,704
Fees for Services Accounting$0$31,447$0$31,447
Depreciation Depletion$30,324$1,052$0$31,376
Travel$24,024$0$0$24,024
Total Functional Expenses$4,809,845$1,541,462$0$6,351,307
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$91,241$79,241▼ $12,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Liabilities$407,423
Accrued Wages$157,485
Interest Payable-
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
Texas Serenity Academy Inc
EIN
76-0575970
Phone
2819318887
Address
400 N SAM HOUSTON PKWY E, HOUSTON, TX 77060

Signing Officer

Name
Hagmon Simmons
Title
Superintendent
Phone
2819318887
Signed
2019-04-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hagmon Simmons
Formed
1998
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
100
Volunteers
0

Preparer

Firm
Larry W Mosley CPA Pc
Address
8323 SOUTHWEST FWY STE 510, HOUSTON, TX 77074
Preparer
Larry W Mosley CPA
Phone
7132782252
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

This form 990 is compared to the audited financial statement.

Pt VI, Line 12C

Officers and directors must disclose outside activities each year.

Pt VI, Line 15A

Compensation rates are reviewed and set by the board of directors.

Pt VI, Line 15B

Compensation rates are reviewed and set by the board of directors.

Pt VI, Line 19

Those documents are provided by the school upon request.

Form 990, Part IX, Line 24E

Miscellaneous 74147. 74147. 0. 0.

Raw XML AppendixShowing 400 of 446 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/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt091241
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt079241
IRS990/ReconcilationRevenueExpnssAmt0782189
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt066729
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0950309
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01017038
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0218221
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04079
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0222300
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0206471
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0219189
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0425660
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0407423
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1157485
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED WAGES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2INTEREST PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0491421
IRS990ScheduleD/TotalLiabilityAmt0564908
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0false
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0SEE STATEMENT IN PART II. THE SCHOOL'S CHARTER REQUIRES THAT IT PROVIDE EDUCATIONAL SERVICES TO STUDENTS WHO RESIDE IN A SPECIFIED RESIDENTIAL AREA.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1SEE STATEMENT 1 THE SCHOOL RECEIVES FINANCIAL AID FROM THE STATE OF TEXAS AND THE DEPARTMENT OF EDUCATION AND AGRICULTURE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL'S RIGHT TO RECEIVE FINANCIAL AID HAS NOT BEEN REVOKED.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 4d
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Line 6b
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0168008
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount06027
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt03500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0HAGMON SIMMONS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0177535
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt079241
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0RESTITUTION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0144741
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0HAGMON SIMMONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0SUPERINTENDENT
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IRS990ScheduleL/TotalBalanceDueAmt079241
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS FORM 990 IS COMPARED TO THE AUDITED FINANCIAL STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND DIRECTORS MUST DISCLOSE OUTSIDE ACTIVITIES EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION RATES ARE REVIEWED AND SET BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION RATES ARE REVIEWED AND SET BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THOSE DOCUMENTS ARE PROVIDED BY THE SCHOOL UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MISCELLANEOUS 74147. 74147. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt013432
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0627444
IRS990/TotalAssetsEOYAmt01954988
IRS990/TotalAssetsGrp/BOYAmt0627444
IRS990/TotalAssetsGrp/EOYAmt01954988
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt07133496
IRS990/TotalEmployeeCnt0100
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01541462
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04809845
IRS990/TotalFunctionalExpensesGrp/TotalAmt06351307
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01396201
IRS990/TotalLiabilitiesEOYAmt01941556
IRS990/TotalLiabilitiesGrp/BOYAmt01396201
IRS990/TotalLiabilitiesGrp/EOYAmt01941556
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-768757
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013432
IRS990/TotalProgramServiceExpensesAmt04809845
IRS990/TotalReportableCompFromOrgAmt0337678
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07133496
IRS990/TotalVolunteersCnt00
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IRS990/TravelGrp/ProgramServicesAmt024024
IRS990/TravelGrp/TotalAmt024024
IRS990/TypeOfOrganizationCorpInd0X

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