Civic Intelligence

Petra Academy Inc.

990 • Fiscal year 2016 • EIN 81-0503427

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 19, 2016

Organization Profilepetraacademy.com
4720 Classical WayBozeman, MT 59718

(406) 582-8165

Siviq Scores

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

Liabilities / Assets

18th percentile

0.02x

Higher debt load relative to assets than 18% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

29th percentile

0.11x

Higher debt load relative to revenue than 29% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

73rd percentile

12%

Higher net margin than 73% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

13th percentile

$40,373

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

47th percentile

1.2%

Faster asset growth than 47% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

12th percentile

-25%

Faster revenue growth than 12% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$10,757,957

Up $128,075 (+1.2%) from 2015

Net Assets

Up

$10,536,705

Up $244,880 (+2.4%) from 2015

Liabilities

Down

$221,252

Down $116,805 (-35%) from 2015

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin73rd percentile

Revenue

Down

$2,082,725

Down $689,078 (-25%) from 2015

Expenses

Up

$1,838,225

Up $268,856 (+17%) from 2015

Net Income

Down

$244,500

Down $957,934 (-80%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$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

2016

Assets$10,757,957
Liabilities$221,252
Net Assets$10,536,705
Open 2016 Filing

Operations Trend

Revenue Growth12th percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$2,082,725
Expenses$1,838,225
Net Income$244,500
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 19, 2016
Return Version
2015v3.0
Gross Receipts
$2,090,266
Mission and Program Overview

Mission

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

To provide an academically challenging, classical education to 195+ students, grades K-12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,257,139$10,557,956▲ $300,817
Pd in Cap Srpls Land Bldg Eqp Fund$10,257,139$10,557,956▲ $300,817
Savings and Temporary Cash Investments$104,191$136,324▲ $32,133
Investments Program Related$31,036--
Cash and Non-Interest-Bearing Accounts$150,626$27,711▼ $122,915
Accounts Receivable$86,890$26,849▼ $60,041
Prepaid Expenses and Deferred Charges-$9,117-
Rtn Earn Endowment Incm Other Fnds$34,686$-21,251▼ $55,937
Total Assets$10,629,882$10,757,957▲ $128,075
Liabilities
Deferred Revenue$158,505$130,105▼ $28,400
Other Liabilities$66,828$52,586▼ $14,242
Accounts Payable and Accrued Expenses$109,710$29,558▼ $80,152
Mortgage Notes Payable Secured by Investment Property$3,014$9,003▲ $5,989
Total Liabilities$338,057$221,252▼ $116,805
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,291,825$10,536,705▲ $244,880
Total Liabilities and Net Assets / Fund Balance$10,629,882$10,757,957▲ $128,075

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,836,752$1,372,180$11,208,932
Land$686,625-$686,625
Equipment$24,579$60,347$84,926
Other Land Buildings$10,000-$10,000
Compensation and Service Providers
Top Officer Pay13th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Craig DunhamHeadmasterFT$36,537$3,836$40,373
Shannon UngersmaParent Rep.--$9$9

Board Members and Trustees

NameTitle
Greg GianforteChairman
Steve MayvilleVice Chair
Chad LairdBoard of Director
Sarah StoreboParent Rep.
Laef OlsonSec./Treas.

Highest Paid Contractors

ContractorServicesLocationCompensation
Claire Daines ConstructionBuilding Contractor895 Technology Blvd 101, Bozeman, MT 59718$597,204
Revenue and Support

Revenue Composition

Contributions and Grants
$832,383
Program Service Revenue
$1,244,074
Investment Income
$-3,732
Other Revenue
$10,000
All Other Contributions
$790,851
Change in Net Assets
$244,500

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,086,021
Revenue Not Reported on Financial Statements
$-3,296
Revenue Not Reported on Form 990
$879
Other Revenue Adjustments
$-3,296
Total Revenue per Audited Statements
$2,086,900
Total Revenue per Form 990
$2,082,725
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,133,211
Other Expenses$705,014
Total Fundraising Expense$1,315
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$719,125$239,708$0$958,833
Depreciation Depletion$369,698$0$0$369,698
Other Expenses$124,552$0$0$124,552
Other Employee Benefits$77,950$25,984$0$103,934
Occupancy$87,847$0$0$87,847
Payroll Taxes$52,833$17,611$0$70,444
All Other Expenses$35,634$2,630$1,315$39,579
Insurance$16,691$0$0$16,691
Fees for Services Accounting$10,109$0$0$10,109
Information Technology$5,349$0$0$5,349
Advertising$1,319$0$0$1,319
Office Expenses$936$49$0$985
Interest$349$0$0$349
Total Functional Expenses$1,550,928$285,982$1,315$1,838,225

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,842,020
Expenses per Audited Statements$1,841,520
Total Expenses per Form 990$1,838,225
Expenses Not Reported on Form 990$500
Expenses Not Reported on Financial Statements$-3,295
Other Expense Adjustments$-3,295
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$13,297
Fundraising Direct Expenses$3,297
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spell-a-thon$17,302-$262-
Play$37,527$13,297$3,035$10,262
Total Events$54,829$13,297$3,297$10,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Lease Income$52,586
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
Petra Academy Inc
EIN
81-0503427
Phone
4065828165
Address
4720 Classical Way, Bozeman, MT 59718

Signing Officer

Name
Laef Olson
Title
Sec./treas.
Phone
4065828165
Signed
2016-10-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Gianforte
Formed
2000
Legal Domicile
Mt
Voting Board Members
6
Independent Board Members
6
Employees
48
Volunteers
15

Preparer

Firm
Mcguire & Associates
Address
300 N Willson Ste 3008, Bozeman, MT 59715-6050
Preparer
Jacqueline Mcguire
Phone
4065873333
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“Chairman Greg Gianforte is a shareholder of Oracle Right-”

Pt VI, Line 2

“Now, (formerly RightNow Technologies) and Board Member”

Pt VI, Line 2

“Laef Olson is an employee at Oracle RightNow”

Pt VI, Line 8B

“There are no committees authorized to act on behalf of”

Pt VI, Line 8B

“the governing body.”

Pt VI, Line 11B

“Once the Form 990 is prepared for filing by the”

Pt VI, Line 11B

“independent accountant, the headmaster makes copies for”

Pt VI, Line 11B

“all six Board Members and submits it to them for their”

Pt VI, Line 11B

“approval before filing the form.”

Pt VI, Line 15A

“The headmaster's salary is annually reviewed by the”

Pt VI, Line 15A

“Board. The original salary was set several years ago by”

Pt VI, Line 15A

“comparing it to other salaries across Classical Christian”

Pt VI, Line 15A

“schools. Since then the headmaster receives a”

Pt VI, Line 15A

“performance review annually by the board and is given raises”

Pt VI, Line 15A

“accordingly.”

Pt VI, Line 15B

“Petra's Board approves modest pay increases and employees”

Pt VI, Line 15B

“receive comparable compensation to educational”

Pt VI, Line 15B

“institutions in Petra's area.”

Form 990, Part IX, Line 24E

“Athletic Expense 12155. 12155. 0. 0.”

Form 990, Part IX, Line 24E

“Bad Debt Expense 108. 108. 0. 0.”

Form 990, Part IX, Line 24E

“Bank Charges 398. 398. 0. 0.”

Form 990, Part IX, Line 24E

“Dues & Subscriptions 3325. 3325. 0. 0.”

Form 990, Part IX, Line 24E

“Facility Fees 275. 275. 0. 0.”

Form 990, Part IX, Line 24E

“Fundraising 1315. 0. 0. 1315.”

Form 990, Part IX, Line 24E

“Miscellaneous 1138. 1138. 0. 0.”

Form 990, Part IX, Line 24E

“Taxes and Licenses 7995. 7995. 0. 0.”

Form 990, Part IX, Line 24E

“Training 2351. 2351. 0. 0.”

Form 990, Part IX, Line 24E

“Unemployment Insurance 2228. 1671. 557. 0.”

Form 990, Part IX, Line 24E

“Worker's Comp Insurance 8291. 6218. 2073. 0.”

Financial Statement Notes

Pt XI, Line 4B

“Audit fundraising expenses netted with income on the tax return”

Pt XII, Line 4B

“Audit fundraising expenses netted with income on the tax return”

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IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03014
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt09003
IRS990/NetAssetsOrFundBalancesBOYAmt010291825
IRS990/NetAssetsOrFundBalancesEOYAmt010536705
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-4244
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-4244
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt010000
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt010000
IRS990/NetUnrlzdGainsLossesInvstAmt0380
IRS990/NoncashContributionsAmt0380
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt087847
IRS990/OccupancyGrp/TotalAmt087847
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt049
IRS990/OfficeExpensesGrp/ProgramServicesAmt0936
IRS990/OfficeExpensesGrp/TotalAmt0985
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt025984
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt077950
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0103934
IRS990/OtherExpensesGrp/Desc0Books
IRS990/OtherExpensesGrp/Desc1CTP/SAT Scoring
IRS990/OtherExpensesGrp/Desc2Supplies
IRS990/OtherExpensesGrp/Desc3Staff Tuition Discount
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt024743
IRS990/OtherExpensesGrp/ProgramServicesAmt15325
IRS990/OtherExpensesGrp/ProgramServicesAmt218468
IRS990/OtherExpensesGrp/ProgramServicesAmt3124552
IRS990/OtherExpensesGrp/TotalAmt024743
IRS990/OtherExpensesGrp/TotalAmt15325
IRS990/OtherExpensesGrp/TotalAmt218468
IRS990/OtherExpensesGrp/TotalAmt3124552
IRS990/OtherLiabilitiesGrp/BOYAmt066828
IRS990/OtherLiabilitiesGrp/EOYAmt052586
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0239708
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0719125
IRS990/OtherSalariesAndWagesGrp/TotalAmt0958833
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt017611
IRS990/PayrollTaxesGrp/ProgramServicesAmt052833
IRS990/PayrollTaxesGrp/TotalAmt070444
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt010257139
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt010557956
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09117
IRS990/PrincipalOfficerNm0GREG GIANFORTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01691416
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0752
IRS990/PYOtherExpensesAmt0620186
IRS990/PYOtherRevenueAmt05825
IRS990/PYProgramServiceRevenueAmt01073810
IRS990/PYRevenuesLessExpensesAmt01202434
IRS990/PYSalariesCompEmpBnftPaidAmt0949183
IRS990/PYTotalExpensesAmt01569369
IRS990/PYTotalRevenueAmt02771803
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0244500
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01244586
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt034686
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-21251
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0104191
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0136324
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt09836752
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01372180
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011208932
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0500
IRS990ScheduleD/DonatedServicesUseFcltsAmt0500
IRS990ScheduleD/EquipmentGrp/BookValueAmt024579
IRS990ScheduleD/EquipmentGrp/DepreciationAmt060347
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt084926
IRS990ScheduleD/ExpensesNotReportedAmt0500
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-3295
IRS990ScheduleD/ExpensesSubtotalAmt01841520
IRS990ScheduleD/LandGrp/BookValueAmt0686625
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0686625
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0379
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-3295
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010000
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt052586
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Unearned Lease Income
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-3296
IRS990ScheduleD/RevenueNotReportedAmt0879
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-3296
IRS990ScheduleD/RevenueSubtotalAmt02086021
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Audit fundraising expenses netted with income on the tax return
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Audit fundraising expenses netted with income on the tax return
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 4b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010557956
IRS990ScheduleD/TotalExpensesPerForm990Amt01838225
IRS990ScheduleD/TotalLiabilityAmt052586
IRS990ScheduleD/TotalRevenuePerForm990Amt02082725
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02086900
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01842020
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL APPLICANTS ARE ASKED TO AFFIRM READING OF PETRA'S PARENT- STUDENT HANDBOOK WHERE THEIR NONDISCRIMINATORY POLICY IS CLEARLY STATED. EXPLANATION IS WRITTEN ON LINES DIRECTLY UNDER QUESTION #3 ON THE PREVIOUS PAGE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt041532
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt024230
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt017302
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt03297
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Play
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Spell-a-thon
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt037527
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt017302
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt054829
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt013297
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt013297
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt010000
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03297
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03035
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0262
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Chairman Greg Gianforte is a shareholder of Oracle Right-
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Now, (formerly RightNow Technologies) and Board Member
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Laef Olson is an employee at Oracle RightNow
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There are no committees authorized to act on behalf of
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Once the Form 990 is prepared for filing by the
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6independent accountant, the headmaster makes copies for
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7all six Board Members and submits it to them for their
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8approval before filing the form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9The headmaster's salary is annually reviewed by the
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Board. The original salary was set several years ago by
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11comparing it to other salaries across Classical Christian
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12schools. Since then the headmaster receives a
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13performance review annually by the board and is given raises
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14accordingly.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Petra's Board approves modest pay increases and employees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16receive comparable compensation to educational
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17institutions in Petra's area.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Athletic Expense 12155. 12155. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Bad Debt Expense 108. 108. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20Bank Charges 398. 398. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21Dues & Subscriptions 3325. 3325. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22Facility Fees 275. 275. 0. 0.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,757,957
Liabilities
$221,252
Net assets
$10,536,705
Revenue
$2,082,725
Expenses
$1,838,225
Net income
$244,500
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