Civic Intelligence

Jackson Hole Classical Academy

990 • Fiscal year 2020 • EIN 83-2571341

Jul 01, 2019 to Jun 30, 2020 • Filed on May 10, 2021

Organization ProfileN/A
PO Box 11655Jackson, WY 83002

(307) 733-9587

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.63x

Higher debt load relative to assets than 82% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

5.00x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

98th percentile

95%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

98th percentile

294%

Faster asset growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

7th percentile

-51%

Faster revenue growth than 7% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$9,566,861

Up $7,140,499 (+294%) from 2019

Net Assets

Up

$3,566,861

Up $1,140,499 (+47%) from 2019

Liabilities

Up

$6,000,000

Up $6,000,000 from 2019

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin98th percentile

Revenue

Down

$1,200,000

Down $1,260,000 (-51%) from 2019

Expenses

Up

$59,501

Up $25,863 (+77%) from 2019

Net Income

Down

$1,140,499

Down $1,285,863 (-53%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$30M$20M$10M$0Assets 2019: $2,426,362Liabilities 2019: $0Net Assets 2019: $2,426,3622019Assets 2020: $9,566,861Liabilities 2020: $6,000,000Net Assets 2020: $3,566,8612020Assets 2021: $23,219,839Liabilities 2021: $4,091,662Net Assets 2021: $19,128,1772021Assets 2022: $22,647,002Liabilities 2022: $0Net Assets 2022: $22,647,0022022Assets 2023: $20,731,054Liabilities 2023: $0Net Assets 2023: $20,731,0542023Assets 2024: $20,311,823Liabilities 2024: $0Net Assets 2024: $20,311,8232024

Highlighted filing

2020

Assets$9,566,861
Liabilities$6,000,000
Net Assets$3,566,861
Open 2020 Filing

Operations Trend

Revenue Growth7th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $2,460,000Expenses 2019: $33,638Net Income 2019: $2,426,3622019Revenue 2020: $1,200,000Expenses 2020: $59,501Net Income 2020: $1,140,4992020Revenue 2021: $2,213,502Expenses 2021: $700,735Net Income 2021: $1,512,7672021Revenue 2022: $4,151,001Expenses 2022: $632,176Net Income 2022: $3,518,8252022Revenue 2023: $615,001Expenses 2023: $632,127Net Income 2023: -$17,1262023Revenue 2024: $5,693Expenses 2024: $424,924Net Income 2024: -$419,2312024

Highlighted filing

2020

Revenue$1,200,000
Expenses$59,501
Net Income$1,140,499
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 10, 2021
Return Version
2019v5.0
Gross Receipts
$1,200,000
Mission and Program Overview

Mission

The main purpose of the foundation is to support the jackson hole classical academy by holding title and managing real property on which a new campus for the academy will be built.

The main purpose of the foundation is to support the jackson hole classical academy by holding title and managing real property on which a new campus for the academy will be constructed.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,000,000$8,000,000→ $0
Cash and Non-Interest-Bearing Accounts$276,904$185,470▼ $91,434
Total Assets$8,426,362$9,566,861▲ $1,140,499
Other Assets Total$149,458$1,381,391▲ $1,231,933
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,000,000$6,000,000→ $0
Total Liabilities$6,000,000$6,000,000→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,426,362$3,566,861▲ $1,140,499
Total Net Assets Fund Balance$2,426,362$3,566,861▲ $1,140,499
Total Liabilities and Net Assets / Fund Balance$8,426,362$9,566,861▲ $1,140,499

Asset Categories

AssetBook ValueDepreciationBasis
Land$8,000,000--
Other Assets Org$1,381,391--
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Dave PattyPresident
Maggie ValianteDirector
Polly J FriessSecretary
Stephen FriessTreasurer
Daniel RussVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,200,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,200,000
Change in Net Assets
$1,140,499
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$59,501
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$35,114-$35,114
Insurance-$11,247-$11,247
Fees for Services Management-$10,000-$10,000
Fees for Services Accounting-$2,260-$2,260
Occupancy$638--$638
Office Expenses-$201-$201
Fees for Services Other-$41-$41
Total Functional Expenses$638$58,863$0$59,501
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 11B

“A draft copy of the form 990 was sent to the board members for their information and review prior to filing it with the irs.”

Form 990, Page 6, Part VI, Line 12C

“The board adopted the conflict of interest policy as part of the initial organization of the corporation and reviewed the requirements and responsibilities as part of each board member's orientation to the board.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Jackson Hole Classical Academy
EIN
83-2571341
Address
PO BOX 11655, JACKSON, WY 83002

Signing Officer

Name
Polly J Friess
Title
Secretary
Signed
2021-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Polly J Friess
Formed
2018
Legal Domicile
Wy
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Sorensen & Flanagan LLC
Address
POST OFFICE BOX 1845, JACKSON, WY 83001
Preparer
James T Sorensen CPA
Phone
3077333938
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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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION WILL BE MANAGED BY A BOARD OF DIRECTORS THAT IS INDEPENDENT FROM THE ACADEMY, BUT WHICH HAS AT LEAST ONE MEMBER WHO IS A DIRECTOR OF THE ACADEMY. THE FOUNDATION WILL BE "OPERATED IN CONNECTION WITH" THE ACADEMY. UNDER THIS TEST (SECTION 1.509(A)-(4)(I) OF THE REGULATIONS) THE FOUNDATION MUST BE RESPONSIVE TO THE NEEDS AND DEMANDS OF THE ACADEMY AND MUST BE SIGNIFICANTLY INVOLVED IN THE OPERATIONS OF THE ACADEMY SO THAT THE ACADEMY IS DEPENDENT ON THE FOUNDATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOUNDATION ENGAGES IN ACTIVITIES, SUBSTANTIALLY ALL OF WHICH DIRECTLY FURTHER THE EXEMPT PURPOSES OF THE JACKSON HOLE CLASSICAL ACADEMY. THE FOUNDATION WILL HOLD TITLE AND MANAGE THE REAL PROPERTY WHICH WILL BE THE CAMPUS OF THE ACADEMY. BUT FOR THE INVOLVEMENT OF THE FOUNDATION, THE ACADEMY WOULD OWN THE LAND AND MANAGE REAL ESTATE. THE FOUNDATION'S PURPOSES WILL BE TO SUPPORT THE ACADEMY BY HOLDING TITLE TO AND MANAGING THE REAL PROPERTY USED BY THE ACADEMY. THE ACADEMY WILL BE RAISING FUNDS TO BE USED FOR CONSTRUCTION OF A NEW CAMPUS FOR THE ACADEMY WHICH WILL INCLUDE THE SCHOOL BUILDINGS, PARKING LOTS, ATHLETIC FACILITIES, AND PLAYGROUNDS. THE ACADEMY HAS BEEN USING TWO TEACHING MODULAR UNITS WHICH IT NO LONGER NEEDS AND IT HAS DONATED THOSE UNITS TO THE FOUNDATION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF THE FORM 990 WAS SENT TO THE BOARD MEMBERS FOR THEIR INFORMATION AND REVIEW PRIOR TO FILING IT WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD ADOPTED THE CONFLICT OF INTEREST POLICY AS PART OF THE INITIAL ORGANIZATION OF THE CORPORATION AND REVIEWED THE REQUIREMENTS AND RESPONSIBILITIES AS PART OF EACH BOARD MEMBER'S ORIENTATION TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01200000
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08426362
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09566861
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 11655
IRS990/USAddress/CityNm0JACKSON
IRS990/USAddress/StateAbbreviationCd0WY
IRS990/USAddress/ZIPCd083002
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0POLLY J FRIESS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0JACKSON HOLE CLASSICAL ACADEMY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0JACK
ReturnHeader/Filer/EIN0832571341
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 11655
ReturnHeader/Filer/USAddress/CityNm0JACKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WY
ReturnHeader/Filer/USAddress/ZIPCd083002
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461336065
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SORENSEN & FLANAGAN LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0POST OFFICE BOX 1845
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd083001
ReturnHeader/PreparerPersonGrp/PhoneNum03077333938
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES T SORENSEN CPA
ReturnHeader/ReturnTs02021-05-17T11:04:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,566,861
Liabilities
$6,000,000
Net assets
$3,566,861
Revenue
$1,200,000
Expenses
$59,501
Net income
$1,140,499
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.3$0.00$20.3$0.01$0.42$0.42
2023Detailed filing. Detailed filing data is available for this year.$20.7$0.00$20.7$0.62$0.63$0.02
2022Detailed filing. Detailed filing data is available for this year.$22.6$0.00$22.6$4.15$0.63$3.52
2021Detailed filing. Detailed filing data is available for this year.$23.2$4.09$19.1$2.21$0.70$1.51
2020Detailed filing. Detailed filing data is available for this year.$9.57$6.00$3.57$1.20$0.06$1.14
2019Summary only. Only limited summary data is available for this year.$2.43$0.00$2.43$2.46$0.03$2.43