Civic Intelligence

Petra Academy Inc

EIN 81-0503427 • 501(c)3 • Bozeman, MT

Profile

To provide an academically challenging, classical education to

4720 Classical WayBozeman, MT 59718

petraacademy.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

30th percentile

0.05x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

38th percentile

0.13x

Higher debt load relative to revenue than 38% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

76th percentile

23%

Higher net margin than 76% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

37th percentile

$151,216

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

86th percentile

54%

Faster revenue growth than 86% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$12,946,552

Up $1,270,531 (+11%) from 2024

Liabilities

Up

$659,614

Up $7,025 (+1.1%) from 2024

Net Assets

Up

$12,286,938

Up $1,263,506 (+11%) from 2024

Revenue

Up

$4,986,054

Up $1,742,276 (+54%) from 2024

Expenses

Up

$3,826,305

Up $418,938 (+12%) from 2024

Net Income

Up

$1,159,749

Up $1,323,338 (+809%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $5,175,940Liabilities 2011: $38,651Net Assets 2011: $5,137,2892011Assets 2012: $8,806,933Liabilities 2012: $256,169Net Assets 2012: $8,550,7642012Assets 2013: $8,839,602Liabilities 2013: $248,842Net Assets 2013: $8,590,7602013Assets 2014: $9,314,433Liabilities 2014: $226,360Net Assets 2014: $9,088,0732014Assets 2015: $10,629,882Liabilities 2015: $338,057Net Assets 2015: $10,291,8252015Assets 2016: $10,757,957Liabilities 2016: $221,252Net Assets 2016: $10,536,7052016Assets 2017: $10,457,519Liabilities 2017: $265,605Net Assets 2017: $10,191,9142017Assets 2018: $10,102,930Liabilities 2018: $279,386Net Assets 2018: $9,823,5442018Assets 2019: $9,855,590Liabilities 2019: $232,350Net Assets 2019: $9,623,2402019Assets 2020: $9,686,819Liabilities 2020: $377,836Net Assets 2020: $9,308,9832020Assets 2021: $9,927,589Liabilities 2021: $463,799Net Assets 2021: $9,463,7902021Assets 2022: $12,027,777Liabilities 2022: $552,503Net Assets 2022: $11,475,2742022Assets 2023: $11,769,251Liabilities 2023: $582,230Net Assets 2023: $11,187,0212023Assets 2024: $11,676,021Liabilities 2024: $652,589Net Assets 2024: $11,023,4322024Assets 2025: $12,946,552Liabilities 2025: $659,614Net Assets 2025: $12,286,9382025

Highlighted filing

2025

Assets$12,946,552
Liabilities$659,614
Net Assets$12,286,938

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $5,812,528Expenses 2011: $894,854Net Income 2011: $4,917,6742011Expenses 2012: $1,143,8852012Expenses 2013: $1,200,3972013Revenue 2014: $1,886,225Expenses 2014: $1,393,511Net Income 2014: $492,7142014Revenue 2015: $2,771,803Expenses 2015: $1,569,369Net Income 2015: $1,202,4342015Revenue 2016: $2,082,725Expenses 2016: $1,838,225Net Income 2016: $244,5002016Revenue 2017: $1,670,099Expenses 2017: $2,015,490Net Income 2017: -$345,3912017Revenue 2018: $1,740,853Expenses 2018: $2,046,036Net Income 2018: -$305,1832018Revenue 2019: $1,655,032Expenses 2019: $1,855,336Net Income 2019: -$200,3042019Revenue 2020: $1,520,518Expenses 2020: $1,834,775Net Income 2020: -$314,2572020Revenue 2021: $2,249,359Expenses 2021: $2,094,552Net Income 2021: $154,8072021Revenue 2022: $4,390,598Expenses 2022: $2,378,851Net Income 2022: $2,011,7472022Revenue 2023: $2,746,619Expenses 2023: $3,031,297Net Income 2023: -$284,6782023Revenue 2024: $3,243,778Expenses 2024: $3,407,367Net Income 2024: -$163,5892024Revenue 2025: $4,986,054Expenses 2025: $3,826,305Net Income 2025: $1,159,7492025

Highlighted filing

2025

Revenue$4,986,054
Expenses$3,826,305
Net Income$1,159,749

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$12.9$0.66$12.3$4.99$3.83$1.16
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.7$0.65$11.0$3.24$3.41$0.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.8$0.58$11.2$2.75$3.03$0.28
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.0$0.55$11.5$4.39$2.38$2.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.93$0.46$9.46$2.25$2.09$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.69$0.38$9.31$1.52$1.83$0.31
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.86$0.23$9.62$1.66$1.86$0.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$0.28$9.82$1.74$2.05$0.31
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$0.27$10.2$1.67$2.02$0.35
2016Detailed filing. Detailed filing data is available for this year.$10.8$0.22$10.5$2.08$1.84$0.24
2015Detailed filing. Detailed filing data is available for this year.$10.6$0.34$10.3$2.77$1.57$1.20
2014Detailed filing. Detailed filing data is available for this year.$9.31$0.23$9.09$1.89$1.39$0.49
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.84$0.25$8.59$1.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.81$0.26$8.55$1.14
2011Summary only. Only limited summary data is available for this year.$5.18$0.04$5.14$5.81$0.89$4.92
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2024 to Jul 31, 2025
Signed
Feb 6, 2026
Return Version
2024v5.2
Gross Receipts
$5,009,005
Mission and Program Overview

Mission

To provide an academically challenging, classical education to students, grades pre-k through 12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,086,402$9,740,623▲ $654,221
Investments in Publicly Traded Securities$2,041,140$1,605,781▼ $435,359
Pledges and Grants Receivable-$950,000-
Cash and Non-Interest-Bearing Accounts$402,728$303,966▼ $98,762
Savings and Temporary Cash Investments$26,493$236,809▲ $210,316
Prepaid Expenses and Deferred Charges$78,122$57,507▼ $20,615
Accounts Receivable$12,418$20,507▲ $8,089
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$11,676,021$12,946,552▲ $1,270,531
Other Assets Total$28,718$31,359▲ $2,641
Liabilities
Deferred Revenue$618,740$457,843▼ $160,897
Accounts Payable and Accrued Expenses$23,985$201,572▲ $177,587
Other Liabilities$9,864$199▼ $9,665
Total Liabilities$652,589$659,614▲ $7,025
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,966,807$10,417,033▲ $450,226
Net Assets With Donor Restrictions$1,056,625$1,869,905▲ $813,280
Total Net Assets Fund Balance$11,023,432$12,286,938▲ $1,263,506
Total Liabilities and Net Assets / Fund Balance$11,676,021$12,946,552▲ $1,270,531

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,498,098$4,212,338$11,710,436
Other Land Buildings$1,488,833$7,474$1,496,307
Land$686,625-$686,625
Equipment$67,067$212,147$279,214

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$29,230-▲ $3,417-$32,647
2023$26,363-▲ $2,867-$29,230
2022-$25,000▲ $1,363-$26,363
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Justice KerrHeadmasterFT$146,812$4,404$151,216

Board Members and Trustees

NameTitle
Dana TerryBoard Chair
JOSH O'CONNORDirector
Megan RosenstockDirector
Michelle ZoellerDirector
Mike CashmanDirector
Kristen StewartSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Living PlacesArchitecturalPO BOX 566, Bozeman, MT 59771$333,143
Langlas & Associates INCConstructionPO BOX 11074, Bozeman, MT 59771$278,459
Northwestern EnergyCip - Utilities11 E PARK STREET, Butte, MT 59701$118,700
The Focus GroupConsulting521 A1A BEACH BLVD, Saint Augustine, FL 32080$104,055
Revenue and Support

Revenue Composition

Contributions and Grants
$1,994,539
Program Service Revenue
$2,804,089
Investment Income
$87,910
Other Revenue
$99,516
All Other Contributions
$1,848,266
Change in Net Assets
$1,159,749

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,986,054
Revenue Not Reported on Form 990
$-230,703
Total Revenue per Audited Statements
$4,755,351
Total Revenue per Form 990
$4,986,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,566,910
Other Expenses$1,005,714
Grants and Similar Amounts Paid$253,681
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,512,363$649,166-$2,161,529
Depreciation Depletion$335,430--$335,430
Grants to Domestic Individuals$253,681--$253,681
Payroll Taxes$135,390$62,752-$198,142
Current Officers, Directors, Trustees, and Key Employees$104,496$44,854-$149,350
Fees for Services Other$110,933--$110,933
All Other Expenses$93,440$774-$94,214
Occupancy$81,082--$81,082
Pension Plan Contributions$39,617$18,272-$57,889
Other Expenses$36,535--$36,535
Information Technology$35,073--$35,073
Insurance$31,092--$31,092
Office Expenses$12,801$674-$13,475
Advertising$8,517--$8,517
Fees for Services Accounting$4,100--$4,100
Fees for Services Legal$1,200--$1,200
Total Functional Expenses$3,049,813$776,492$0$3,826,305

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,826,305
Total Expenses per Form 990$3,826,305
Total Expenses per Audited Statements$3,591,845
Expenses Not Reported on Form 990$-234,460
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,226
Fundraising Direct Expenses$22,951
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spell-a-thon$88,758-$17,994-
Annual Fundraiser$84,065$26,550$1,226$25,324
Total Events$178,499$32,226$22,951$9,275
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$199
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

Form 990 is prepared by an independent accountant, then reviewed by all board members for approval before filing.

Form 990, Part VI, Section B, Line 15A

The headmaster's salary is annually reviewed by the board. The original salary was set upon his hiring, by comparing it to other salaries across classical christian schools. Since then, the headmaster receives a performance review annually by the board and is given raises accordingly.

Form 990, Part VI, Section B, Line 15B

The board approves modest pay increases and employees receive comparable compensation to educational institution in petra's area.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Petra Academy Inc
EIN
81-0503427
Phone
4065828165
Address
4720 CLASSICAL WAY, BOZEMAN, MT 59718

Signing Officer

Name
Dana Terry
Title
Board Chair
Signed
2026-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dana Terry
Formed
2000
Legal Domicile
Mt
Voting Board Members
6
Independent Board Members
6
Employees
82
Volunteers
45

Preparer

Firm
Amatics CPA Group
Address
45 Discovery Drive, Bozeman, MT 59718
Preparer
Morgan Scarr
Phone
4064041925
Raw XML AppendixShowing 400 of 552 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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