Civic Intelligence

Evolution Academy Charter School

990 • Fiscal year 2023 • EIN 76-0622470

Sep 01, 2022 to Aug 31, 2023 • Filed on Jun 08, 2024

Organization Profilewww.evolutionacademy.org
1101 S Sherman StreetRichardson, TX 75081-4852

(972) 907-3755

Siviq Scores

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

Liabilities / Assets

90th percentile

0.88x

Higher debt load relative to assets than 90% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

1.68x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

26th percentile

-4.8%

Higher net margin than 26% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

53rd percentile

$188,862

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

15th percentile

-4.6%

Faster asset growth than 15% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

62nd percentile

12%

Faster revenue growth than 62% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$14,820,022

Down $722,621 (-4.6%) from 2022

Net Assets

Down

$1,839,738

Down $561,280 (-23%) from 2022

Liabilities

Down

$12,980,284

Down $161,341 (-1.2%) from 2022

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin26th percentile

Revenue

Up

$7,739,025

Up $813,777 (+12%) from 2022

Expenses

Up

$8,107,781

Up $1,108,614 (+16%) from 2022

Net Income

Down

-$368,756

Down $294,837 (-399%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $8,246,700Liabilities 2011: $6,683,853Net Assets 2011: $1,562,8472011Assets 2012: $8,055,770Liabilities 2012: $6,155,515Net Assets 2012: $1,900,2552012Assets 2013: $7,908,009Liabilities 2013: $6,129,338Net Assets 2013: $1,778,6712013Assets 2014: $7,752,324Liabilities 2014: $6,678,316Net Assets 2014: $1,074,0082014Assets 2015: $8,048,590Liabilities 2015: $6,894,218Net Assets 2015: $1,154,3722015Assets 2016: $15,348,490Liabilities 2016: $14,849,270Net Assets 2016: $499,2202016Assets 2017: $15,033,888Liabilities 2017: $14,573,096Net Assets 2017: $460,7922017Assets 2018: $15,185,127Liabilities 2018: $14,464,793Net Assets 2018: $720,3342018Assets 2019: $15,494,782Liabilities 2019: $14,286,868Net Assets 2019: $1,207,9142019Assets 2020: $15,288,736Liabilities 2020: $14,394,801Net Assets 2020: $893,9352020Assets 2021: $16,204,859Liabilities 2021: $13,730,199Net Assets 2021: $2,474,6602021Assets 2022: $15,542,643Liabilities 2022: $13,141,625Net Assets 2022: $2,401,0182022Assets 2023: $14,820,022Liabilities 2023: $12,980,284Net Assets 2023: $1,839,7382023Assets 2024: $15,194,696Liabilities 2024: $12,855,600Net Assets 2024: $2,339,0962024

Highlighted filing

2023

Assets$14,820,022
Liabilities$12,980,284
Net Assets$1,839,738
Open 2023 Filing

Operations Trend

Revenue Growth62nd percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $3,215,390Expenses 2011: $3,879,304Net Income 2011: -$663,9142011Revenue 2012: $4,097,841Expenses 2012: $3,979,209Net Income 2012: $118,6322012Revenue 2013: $4,075,589Expenses 2013: $4,057,459Net Income 2013: $18,1302013Revenue 2014: $4,848,152Expenses 2014: $5,497,768Net Income 2014: -$649,6162014Revenue 2015: $6,162,469Expenses 2015: $6,079,221Net Income 2015: $83,2482015Revenue 2016: $6,624,141Expenses 2016: $7,010,063Net Income 2016: -$385,9222016Revenue 2017: $6,456,436Expenses 2017: $6,494,864Net Income 2017: -$38,4282017Revenue 2018: $6,403,540Expenses 2018: $6,143,998Net Income 2018: $259,5422018Revenue 2019: $7,197,293Expenses 2019: $6,709,837Net Income 2019: $487,4562019Revenue 2020: $6,040,076Expenses 2020: $6,420,142Net Income 2020: -$380,0662020Revenue 2021: $8,383,664Expenses 2021: $6,802,649Net Income 2021: $1,581,0152021Revenue 2022: $6,925,248Expenses 2022: $6,999,167Net Income 2022: -$73,9192022Revenue 2023: $7,739,025Expenses 2023: $8,107,781Net Income 2023: -$368,7562023Revenue 2024: $8,163,427Expenses 2024: $7,664,069Net Income 2024: $499,3582024

Highlighted filing

2023

Revenue$7,739,025
Expenses$8,107,781
Net Income-$368,756
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Jun 8, 2024
Return Version
2022v5.0
Gross Receipts
$7,739,025
Mission and Program Overview

Mission

Evolution Academy was soley organized to provide educational services to at-risk students. See Schedule O for details regarding significant achievements. In 2002, the State Board of Education of the State of Texas granted Evolution Academy an open-enrollment charter pursuant to Chapter 12 of the Texas Education Code.

Evolution Academy was soley organized to provide educational services to at-risk students. See Schedule O for details regarding significant achievements.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,550,363$11,236,192▼ $314,171
Cash and Non-Interest-Bearing Accounts$1,304,822$1,088,016▼ $216,806
Accounts Receivable$995,815$842,921▼ $152,894
Prepaid Expenses and Deferred Charges$22,097$45,062▲ $22,965
Total Assets$15,542,643$14,820,022▼ $722,621
Other Assets Total$1,669,546$1,607,831▼ $61,715
Liabilities
Other Liabilities$7,208,100$7,290,529▲ $82,429
Tax Exempt Bond Liabilities$5,595,000$5,495,000▼ $100,000
Accounts Payable and Accrued Expenses$338,525$194,556▼ $143,969
Deferred Revenue-$199-
Total Liabilities$13,141,625$12,980,284▼ $161,341
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,500,909$1,936,441▼ $564,468
Net Assets Without Donor Restrictions$-99,891$-96,703▲ $3,188
Total Net Assets Fund Balance$2,401,018$1,839,738▼ $561,280
Total Liabilities and Net Assets / Fund Balance$15,542,643$14,820,022▼ $722,621

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,236,192$4,616,695$15,852,887
Other Assets Org$1,317,458--
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Cynthia TriggCEO / DirectorFT$188,862$188,862

Board Members and Trustees

NameTitle
Seleste SullyPresident
Kim JohnsonTrustee
Leslie MoutonTrustee
Charles L ChatmanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$7,739,025
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$110,795
Change in Net Assets
$-368,756
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,219,094
Other Expenses$3,888,687
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,471,841--$3,471,841
Interest$637,082--$637,082
All Other Expenses$330,066$8,500-$338,566
Depreciation Depletion$314,172$17,081-$331,253
Occupancy$260,998--$260,998
Other Employee Benefits$259,716--$259,716
Pension Plan Contributions$241,527--$241,527
Other Expenses$193,959--$193,959
Current Officers, Directors, Trustees, and Key Employees$188,862--$188,862
Travel$145,282--$145,282
Insurance$126,487--$126,487
Payroll Taxes$57,148--$57,148
Fees for Services Accounting-$22,750-$22,750
Fees for Services Legal$5,900--$5,900
Total Functional Expenses$8,059,450$48,331$0$8,107,781
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
Loan Payable Current - PPP Loan / Other$7,141,995
Capital Lease Payable - Current$92,854
Note Payables / Accrued Interest$36,016
Federal income taxes$17,348
Capital Lease Payable - Long Term$2,316
Due to Federal Agency-
Loan Payable - LT-

Bond Issues

BondIssuerIssuedIssue PricePurpose
ATPFA Charter School Finance Corporation2010-10-22$6,040,000To finance costs of certain land, bldg, facilities, improvements on campus

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$6,040,000$184,428-$331,221

Bond Financing Compliance

Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
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
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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The Board is kept abreast of financial matters throughout the year. The annual Form 990 is reviewed by the Board at the next regularly scheduled meeting.”

Form 990, Part VI, Section C, Line 19

“All governing documents, conflicts of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Evolution Academy Charter School
EIN
76-0622470
Phone
9729073755
Address
1101 S Sherman Street, Richardson, TX 75081-4852

Signing Officer

Name
Cynthia Trigg
Title
Executive Director
Phone
9729073755
Signed
2024-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cynthia Trigg
Formed
1999
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
75

Preparer

Firm
Dana M Ware CPA
Address
PO Box 116933, Carrollton, TX 75011-6933
Preparer
Dana M Ware
Phone
4696396992
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Negative change in Net Fund Assets or Fund Balances due to increased expenses and reduced grant funding which required use of cash reserves.”

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IRS990/Desc0EACS Accomplishments Developed Career and Technology Plan 937 students enrolled in Evolution Academy during the 2022-2023 School year Initiated and managed student transportation contract with Dart, Metro and Beaumont Municipal Transit Continued youth mentoring and counseling programs Implementation of Community/Parental Involvement Provided instructional strategies Return to Work Summer Retreat for staff. Evolution Academy provided educational innovations through the following services An optional school day and a 180-day school year Credit Recovery Program Summer School Recovery Dual Credit for Education Advancement An emphasis on the use of technology in school and at home Special emphasis on multicultural awareness Instruction on character and ethics
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Capital Lease Payable - Long Term
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The School receives funding from the Texas Education Agency.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0true
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0true
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt06040000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0TPFA Charter School Finance Corporation
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0To finance costs of certain land, bldg, facilities, improvements on campus
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board is kept abreast of financial matters throughout the year. The annual Form 990 is reviewed by the Board at the next regularly scheduled meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All governing documents, conflicts of interest policy, and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Negative change in Net Fund Assets or Fund Balances due to increased expenses and reduced grant funding which required use of cash reserves.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,820,022
Liabilities
$12,980,284
Net assets
$1,839,738
Revenue
$7,739,025
Expenses
$8,107,781
Net income
-$368,756
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.2$12.9$2.34$8.16$7.66$0.50
2023Detailed filing. Detailed filing data is available for this year.$14.8$13.0$1.84$7.74$8.11$0.37
2022Detailed filing. Detailed filing data is available for this year.$15.5$13.1$2.40$6.93$7.00$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$13.7$2.47$8.38$6.80$1.58
2020Detailed filing. Detailed filing data is available for this year.$15.3$14.4$0.89$6.04$6.42$0.38
2019Detailed filing. Detailed filing data is available for this year.$15.5$14.3$1.21$7.20$6.71$0.49
2018Summary only. Only limited summary data is available for this year.$15.2$14.5$0.72$6.40$6.14$0.26
2017Summary only. Only limited summary data is available for this year.$15.0$14.6$0.46$6.46$6.49$0.04
2016Summary only. Only limited summary data is available for this year.$15.3$14.8$0.50$6.62$7.01$0.39
2015Summary only. Only limited summary data is available for this year.$8.05$6.89$1.15$6.16$6.08$0.08
2014Summary only. Only limited summary data is available for this year.$7.75$6.68$1.07$4.85$5.50$0.65
2013Summary only. Only limited summary data is available for this year.$7.91$6.13$1.78$4.08$4.06$0.02
2012Summary only. Only limited summary data is available for this year.$8.06$6.16$1.90$4.10$3.98$0.12
2011Summary only. Only limited summary data is available for this year.$8.25$6.68$1.56$3.22$3.88$0.66