Civic Intelligence

Deep Waters Academy

990 • Fiscal year 2024 • EIN 85-3670476

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 16, 2025

Organization ProfileDEEPWATERSACADEMY.ORG
4430 Sterling Wood WayHouston, TX 77059

(281) 639-7060

Siviq Scores

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

Liabilities / Assets

64th percentile

0.01x

Higher debt load relative to assets than 64% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.01x

Higher debt load relative to revenue than 63% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

49th percentile

2.6%

Higher net margin than 49% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

86th percentile

$22,690

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 11.8% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

53rd percentile

3.0%

Faster asset growth than 53% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

27th percentile

-18%

Faster revenue growth than 27% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$106,994

Up $3,109 (+3.0%) from 2023

Net Assets

Up

$106,028

Up $4,937 (+4.9%) from 2023

Liabilities

Down

$966

Down $1,828 (-65%) from 2023

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin49th percentile

Revenue

Down

$192,160

Down $41,202 (-18%) from 2023

Expenses

Up

$187,222

Up $21,376 (+13%) from 2023

Net Income

Down

$4,938

Down $62,578 (-93%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$150K$100K$50K$0Assets 2022: $38,668Liabilities 2022: $5,093Net Assets 2022: $33,5752022Assets 2023: $103,885Liabilities 2023: $2,794Net Assets 2023: $101,0912023Assets 2024: $106,994Liabilities 2024: $966Net Assets 2024: $106,0282024Assets 2025: $90,269Liabilities 2025: $0Net Assets 2025: $90,2692025

Highlighted filing

2024

Assets$106,994
Liabilities$966
Net Assets$106,028
Open 2024 Filing

Operations Trend

Revenue Growth27th percentile

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

$300K$200K$100K$0-$100KRevenue 2022: $106,466Expenses 2022: $82,730Net Income 2022: $23,7362022Revenue 2023: $233,362Expenses 2023: $165,846Net Income 2023: $67,5162023Revenue 2024: $192,160Expenses 2024: $187,222Net Income 2024: $4,9382024Revenue 2025: $265,042Expenses 2025: $280,801Net Income 2025: -$15,7592025

Highlighted filing

2024

Revenue$192,160
Expenses$187,222
Net Income$4,938
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 16, 2025
Return Version
2023v6.0
Gross Receipts
$196,778
Mission and Program Overview

Mission

We partner with families to guide students to learn to love what is good, true and beautiful.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$86,951$106,994▲ $20,043
Total Assets$103,884$106,994▲ $3,110
Other Assets Total$16,933$0▼ $16,933
Liabilities
Other Liabilities$2,794$966▼ $1,828
Total Liabilities$2,794$966▼ $1,828
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$101,090$106,028▲ $4,938
Total Net Assets Fund Balance$101,090$106,028▲ $4,938
Total Liabilities and Net Assets / Fund Balance$103,884$106,994▲ $3,110
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleBaseTotal
Kristin FontanaVice-president$22,690$22,690
Amelia ChiaraPresident$14,210$14,210

Board Members and Trustees

NameTitle
Ashlee SchaffrinnaBoard Member
Dustin KinnisonBoard Member
Francis FontanaBoard Member
Kim NotoBoard Member
Vincent ChiaraSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$28,857
Program Service Revenue
$161,771
Investment Income
$1,120
Other Revenue
$412
All Other Contributions
$28,857
Change in Net Assets
$4,938
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$136,663
Other Expenses$50,559
Total Fundraising Expense$6,833
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$71,326$9,952$6,220$87,498
Current Officers, Directors, Trustees, and Key Employees$36,900--$36,900
Occupancy$17,741--$17,741
Payroll Taxes$10,671$981$613$12,265
Office Expenses$9,217--$9,217
Insurance$4,014--$4,014
Other Expenses$2,981--$2,981
All Other Expenses$2,339--$2,339
Fees for Services Other$1,448--$1,448
Advertising$1,152--$1,152
Total Functional Expenses$169,456$10,933$6,833$187,222
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$5,030
Fundraising Direct Expenses$4,618
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
TX Unemployment Tax$966
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Amelia chiara - president vincent chiara - secretary spouse amelia chiara - president kristin fontana - vice president sister-in-law”

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

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Deep Waters Academy
EIN
85-3670476
Phone
2816397060
Address
4430 STERLING WOOD WAY, HOUSTON, TX 77059

Signing Officer

Name
Amelia Chiara
Title
President
Phone
2816397060
Signed
2025-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amelia Chiara
Formed
2020
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
18
Volunteers
15

Preparer

Firm
Ann Thomas CPA Pc
Address
1120 NASA PARKWAY STE 108, HOUSTON, TX 77058
Preparer
Paul Glenn Thomas Iii
Phone
2813333848
Supplemental Narrative

Additional Explanations

Form 990, Part 3, Line 4A - First Accomplishment

“Deep waters academy (dwa) is a university-model school incorporated in the state of texas as of the fall 2020 with a primary purpose of education. For the fiscal year beginning july 1, 2023 and ending june 30, 2024, dwa had 52 students and 18 employees. The school contains students from grades kindergarten-eight and provides instruction in the following subjects: math, reading & writing, english, history, science, music, and art. Dwa is a university-model school, meaning it meets twice per week on the main campus, located at 770 pineloch dr, houston, tx 77062, and three times per week at the satellite (home) campus. While on the main campus students are instructed by qualified teachers whom undergo a background check and formal interview process. At home, the academic instruction will continue under the supervision of the child's parent(s) or guardian(s), creating a partnership between school and family. Operating revenues and private donations fund 100% of the operating expenses such as: teacher/staff payroll, dues & subscriptions, facilities costs, and general and administrative expenses. Dwa's purpose is to educate adolescent minds, teaching them to learn and love what is good, true, and beautiful.”

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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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0DEEP WATERS ACADEMY'S NONDISCRIMINATION POLICY IS PUBLICIZED ON ITS EMPLOYEE APPLICATION AND ON THE ADMISSIONS PAGE OF ITS WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEEP WATERS ACADEMY (DWA) IS A UNIVERSITY-MODEL SCHOOL INCORPORATED IN THE STATE OF TEXAS AS OF THE FALL 2020 WITH A PRIMARY PURPOSE OF EDUCATION. FOR THE FISCAL YEAR BEGINNING JULY 1, 2023 AND ENDING JUNE 30, 2024, DWA HAD 52 STUDENTS AND 18 EMPLOYEES. THE SCHOOL CONTAINS STUDENTS FROM GRADES KINDERGARTEN-EIGHT AND PROVIDES INSTRUCTION IN THE FOLLOWING SUBJECTS: MATH, READING & WRITING, ENGLISH, HISTORY, SCIENCE, MUSIC, AND ART. DWA IS A UNIVERSITY-MODEL SCHOOL, MEANING IT MEETS TWICE PER WEEK ON THE MAIN CAMPUS, LOCATED AT 770 PINELOCH DR, HOUSTON, TX 77062, AND THREE TIMES PER WEEK AT THE SATELLITE (HOME) CAMPUS. WHILE ON THE MAIN CAMPUS STUDENTS ARE INSTRUCTED BY QUALIFIED TEACHERS WHOM UNDERGO A BACKGROUND CHECK AND FORMAL INTERVIEW PROCESS. AT HOME, THE ACADEMIC INSTRUCTION WILL CONTINUE UNDER THE SUPERVISION OF THE CHILD'S PARENT(S) OR GUARDIAN(S), CREATING A PARTNERSHIP BETWEEN SCHOOL AND FAMILY. OPERATING REVENUES AND PRIVATE DONATIONS FUND 100% OF THE OPERATING EXPENSES SUCH AS: TEACHER/STAFF PAYROLL, DUES & SUBSCRIPTIONS, FACILITIES COSTS, AND GENERAL AND ADMINISTRATIVE EXPENSES. DWA'S PURPOSE IS TO EDUCATE ADOLESCENT MINDS, TEACHING THEM TO LEARN AND LOVE WHAT IS GOOD, TRUE, AND BEAUTIFUL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AMELIA CHIARA - PRESIDENT VINCENT CHIARA - SECRETARY SPOUSE AMELIA CHIARA - PRESIDENT KRISTIN FONTANA - VICE PRESIDENT SISTER-IN-LAW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART 3, LINE 4A - FIRST ACCOMPLISHMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0103884
IRS990/TotalAssetsEOYAmt0106994
IRS990/TotalAssetsGrp/BOYAmt0103884
IRS990/TotalAssetsGrp/EOYAmt0106994
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt028857
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06833
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010933
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0169456
IRS990/TotalFunctionalExpensesGrp/TotalAmt0187222
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02794
IRS990/TotalLiabilitiesEOYAmt0966
IRS990/TotalLiabilitiesGrp/BOYAmt02794
IRS990/TotalLiabilitiesGrp/EOYAmt0966
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0101090
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0106028
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0169456
IRS990/TotalProgramServiceRevenueAmt0161771
IRS990/TotalReportableCompFromOrgAmt036900
IRS990/TotalRevenueGrp/ExclusionAmt0412
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0162891
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0192160
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0103884
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0106994
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04430 STERLING WOOD WAY
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077059
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0DEEPWATERSACADEMY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0AMELIA CHIARA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02816397060
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DEEP WATERS ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0DEEP
ReturnHeader/Filer/EIN0853670476
ReturnHeader/Filer/PhoneNum02816397060
ReturnHeader/Filer/USAddress/AddressLine1Txt04430 STERLING WOOD WAY
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077059
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760493089
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANN THOMAS CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01120 NASA PARKWAY STE 108
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077058
ReturnHeader/PreparerPersonGrp/PhoneNum02813333848
ReturnHeader/PreparerPersonGrp/PreparationDt02025-01-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL GLENN THOMAS III
ReturnHeader/ReturnTs02025-01-30T12:38:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$106,994
Liabilities
$966
Net assets
$106,028
Revenue
$192,160
Expenses
$187,222
Net income
$4,938
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.00$0.90$2.65$2.81$0.16
2024Detailed filing. Detailed filing data is available for this year.$1.07$0.01$1.06$1.92$1.87$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.04$0.03$1.01$2.33$1.66$0.68
2022Detailed filing. Detailed filing data is available for this year.$0.39$0.05$0.34$1.06$0.83$0.24