Civic Intelligence

Petra Academy Inc.

990 • Fiscal year 2018 • EIN 81-0503427

Aug 01, 2017 to Jul 31, 2018 • Filed on Jan 21, 2019

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

20th percentile

0.03x

Higher debt load relative to assets than 20% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

41st percentile

0.16x

Higher debt load relative to revenue than 41% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

11th percentile

-18%

Higher net margin than 11% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

17th percentile

$77,976

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

26th percentile

-3.4%

Faster asset growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

51st percentile

4.2%

Faster revenue growth than 51% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$10,102,930

Down $354,589 (-3.4%) from 2017

Net Assets

Down

$9,823,544

Down $368,370 (-3.6%) from 2017

Liabilities

Up

$279,386

Up $13,781 (+5.2%) from 2017

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin11th percentile

Revenue

Up

$1,740,853

Up $70,754 (+4.2%) from 2017

Expenses

Up

$2,046,036

Up $30,546 (+1.5%) from 2017

Net Income

Up

-$305,183

Up $40,208 (+12%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth26th 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

2018

Assets$10,102,930
Liabilities$279,386
Net Assets$9,823,544
Open 2018 Filing

Operations Trend

Revenue Growth51st 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

2018

Revenue$1,740,853
Expenses$2,046,036
Net Income-$305,183
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2017 to Jul 31, 2018
Signed
Jan 21, 2019
Return Version
2017v2.2
Gross Receipts
$1,757,252
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$10,255,963$9,895,844▼ $360,119
Savings and Temporary Cash Investments$95,647$122,820▲ $27,173
Cash and Non-Interest-Bearing Accounts$974$62,249▲ $61,275
Accounts Receivable$4,746$3,285▼ $1,461
Prepaid Expenses and Deferred Charges$25,866$2,287▼ $23,579
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$10,397,952$10,102,930▼ $295,022
Other Assets Total$14,756$16,445▲ $1,689
Liabilities
Deferred Revenue$132,613$172,226▲ $39,613
Other Liabilities$104,748$91,585▼ $13,163
Mortgage Notes Payable Secured by Investment Property$14,872$11,577▼ $3,295
Accounts Payable and Accrued Expenses$16,992$3,998▼ $12,994
Total Liabilities$269,225$279,386▲ $10,161
Net Assets / Fund Balance
Unrestricted Net Assets$10,128,727$9,823,106▼ $305,621
Temporarily Rstr Net Assets-$438-
Total Net Assets Fund Balance$10,128,727$9,823,544▼ $305,183
Total Liabilities and Net Assets / Fund Balance$10,397,952$10,102,930▼ $295,022

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,120,068$2,100,563$11,220,631
Land$686,625-$686,625
Equipment$79,151$83,382$162,533
Other Land Buildings$10,000-$10,000
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Craig DunhamHeadmasterFT$70,833$7,143$77,976

Board Members and Trustees

NameTitle
Sarah StoreboBoard Chair
Chad LairdChairman
Shannon UngersmaDirector
Taylor HandleyDirector
Dana TerrySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$232,749
Program Service Revenue
$1,417,864
Investment Income
$1,620
Other Revenue
$88,620
All Other Contributions
$183,544
Change in Net Assets
$-305,183
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,161,241
Other Expenses$809,525
Grants and Similar Amounts Paid$75,270
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$691,282$230,427-$921,709
Depreciation Depletion$368,730--$368,730
Occupancy$160,166--$160,166
Payroll Taxes$63,326$21,109-$84,435
Current Officers, Directors, Trustees, and Key Employees$62,537$20,845-$83,382
Grants to Domestic Individuals$75,270--$75,270
Other Employee Benefits$53,786$17,929-$71,715
All Other Expenses$26,581--$26,581
Other Expenses$15,004--$15,004
Fees for Services Accounting$11,059--$11,059
Insurance$10,068--$10,068
Advertising$2,973--$2,973
Conferences and Meetings$2,070--$2,070
Office Expenses$1,017--$1,017
Interest$588--$588
Total Functional Expenses$1,755,726$290,310$0$2,046,036
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$18,562
Fundraising Direct Expenses$4,981
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spell-a-thon$21,534-$152-
Play$46,233$18,562$4,829$13,733
Total Events$67,767$18,562$4,981$13,581
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
Unearned Lease Income$91,585
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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

Governance Explanations

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

“There are no committees authorized to act on behalf of the governing body.”

Form 990, Part VI, Line 11B: Form 990 Review Process

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

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“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, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

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

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“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
Sarah Storebo
Title
Board Chair
Signed
2019-01-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Storebo
Formed
2000
Legal Domicile
Mt
Voting Board Members
5
Independent Board Members
5
Employees
48
Volunteers
105

Preparer

Firm
Amatics CPA Group
Address
220 West Lamme Suite 3-A, Bozeman, MT 59715
Preparer
Morgan Scarr
Phone
4064041925
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IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt014756
IRS990/OtherAssetsTotalGrp/EOYAmt016445
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt017929
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt053786
IRS990/OtherEmployeeBenefitsGrp/TotalAmt071715
IRS990/OtherExpensesGrp/Desc0STAFF TUITION DISCOUNTS
IRS990/OtherExpensesGrp/Desc1BOOKS
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3ATHLETICS
IRS990/OtherExpensesGrp/ProgramServicesAmt0164718
IRS990/OtherExpensesGrp/ProgramServicesAmt129001
IRS990/OtherExpensesGrp/ProgramServicesAmt217550
IRS990/OtherExpensesGrp/ProgramServicesAmt315004
IRS990/OtherExpensesGrp/TotalAmt0164718
IRS990/OtherExpensesGrp/TotalAmt129001
IRS990/OtherExpensesGrp/TotalAmt217550
IRS990/OtherExpensesGrp/TotalAmt315004
IRS990/OtherLiabilitiesGrp/BOYAmt0104748
IRS990/OtherLiabilitiesGrp/EOYAmt091585
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0230427
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0691282
IRS990/OtherSalariesAndWagesGrp/TotalAmt0921709
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt021109
IRS990/PayrollTaxesGrp/ProgramServicesAmt063326
IRS990/PayrollTaxesGrp/TotalAmt084435
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025866
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02287
IRS990/PrincipalOfficerNm0SARAH STOREBO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3611600
IRS990/ProgramServiceRevenueGrp/Desc0ATHLETIC FEES
IRS990/ProgramServiceRevenueGrp/Desc1SALES AND MISC REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2SCHOOL FUNCTIONS
IRS990/ProgramServiceRevenueGrp/Desc3TUITION INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt017619
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt116134
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21640
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31382471
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017619
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt116134
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21640
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31382471
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt020000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt011
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt047388
IRS990/PYOtherRevenueAmt01221
IRS990/PYProgramServiceRevenueAmt01169
IRS990/PYRevenuesLessExpensesAmt0-63187
IRS990/PYSalariesCompEmpBnftPaidAmt038200
IRS990/PYTotalExpensesAmt085588
IRS990/PYTotalRevenueAmt022401
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-305183
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt075039
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01417864
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt095647
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0122820
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt09120068
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02100563
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011220631
IRS990ScheduleD/EquipmentGrp/BookValueAmt079151
IRS990ScheduleD/EquipmentGrp/DepreciationAmt083382
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0162533
IRS990ScheduleD/LandGrp/BookValueAmt0686625
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0686625
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010000
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt091585
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNEARNED LEASE INCOME
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09895844
IRS990ScheduleD/TotalLiabilityAmt091585
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.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt049205
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt027671
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt021534
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt04981
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0PLAY
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SPELL-A-THON
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt046233
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt021534
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt067767
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt018562
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt018562
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt013581
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04981
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04829
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0152
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt075270
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt018
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT, THEN REVIEWED BY ALL BOARD MEMBERS FOR APPROVAL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD APPROVES MODEST PAY INCREASES AND EMPLOYEES RECEIVE COMPARABLE COMPENSATION TO EDUCATIONAL INSTITUTION IN PETRA'S AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0438
IRS990/TempOrPermanentEndowmentsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$10,102,930
Liabilities
$279,386
Net assets
$9,823,544
Revenue
$1,740,853
Expenses
$2,046,036
Net income
-$305,183
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
2018Detailed filing. Detailed filing data is available for this year.$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