Civic Intelligence

The Salem Academy

990 • Fiscal year 2015 • EIN 93-0425880

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 03, 2016

Organization ProfileWWW.SALEMACADEMY.ORG

View Organization Page

942 Lancaster DriveSalem, OR 97301

(503) 378-1219

Siviq Scores

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

Liabilities / Assets

60th percentile

0.29x

Higher debt load relative to assets than 60% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

60th percentile

0.30x

Higher debt load relative to revenue than 60% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

45th percentile

1.5%

Higher net margin than 45% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

27th percentile

$68,541

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

35th percentile

-2.0%

Faster asset growth than 35% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

23rd percentile

-8.0%

Faster revenue growth than 23% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$5,841,016

Down $119,217 (-2.0%) from 2014

Net Assets

Up

$4,123,483

Up $44,330 (+1.1%) from 2014

Liabilities

Down

$1,717,533

Down $163,547 (-8.7%) from 2014

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin45th percentile

Revenue

Down

$5,803,009

Down $502,904 (-8.0%) from 2014

Expenses

Up

$5,714,052

Up $7,078 (+0.1%) from 2014

Net Income

Down

$88,957

Down $509,982 (-85%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $6,375,751Liabilities 2010: $3,281,073Net Assets 2010: $3,094,6782010Assets 2011: $6,619,821Liabilities 2011: $3,768,412Net Assets 2011: $2,851,4092011Assets 2012: $6,624,714Liabilities 2012: $3,735,698Net Assets 2012: $2,889,0162012Assets 2013: $6,487,022Liabilities 2013: $3,024,254Net Assets 2013: $3,462,7682013Assets 2014: $5,960,233Liabilities 2014: $1,881,080Net Assets 2014: $4,079,1532014Assets 2015: $5,841,016Liabilities 2015: $1,717,533Net Assets 2015: $4,123,4832015Assets 2016: $5,719,820Liabilities 2016: $1,430,436Net Assets 2016: $4,289,3842016Assets 2017: $5,342,004Liabilities 2017: $961,086Net Assets 2017: $4,380,9182017Assets 2018: $5,459,621Liabilities 2018: $1,022,554Net Assets 2018: $4,437,0672018Assets 2019: $5,160,795Liabilities 2019: $1,082,766Net Assets 2019: $4,078,0292019Assets 2020: $5,707,404Liabilities 2020: $1,689,992Net Assets 2020: $4,017,4122020Assets 2021: $7,222,683Liabilities 2021: $1,092,314Net Assets 2021: $6,130,3692021Assets 2022: $8,184,722Liabilities 2022: $1,231,058Net Assets 2022: $6,953,6642022Assets 2023: $9,202,937Liabilities 2023: $1,318,481Net Assets 2023: $7,884,4562023Assets 2024: $15,565,284Liabilities 2024: $1,218,191Net Assets 2024: $14,347,0932024Assets 2025: $16,413,601Liabilities 2025: $1,246,600Net Assets 2025: $15,167,0012025

Highlighted filing

2015

Assets$5,841,016
Liabilities$1,717,533
Net Assets$4,123,483
Open 2015 Filing

Operations Trend

Revenue Growth23rd percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,736,3782010Expenses 2011: $4,742,1912011Expenses 2012: $4,946,8262012Expenses 2013: $4,614,1292013Revenue 2014: $6,305,913Expenses 2014: $5,706,974Net Income 2014: $598,9392014Revenue 2015: $5,803,009Expenses 2015: $5,714,052Net Income 2015: $88,9572015Revenue 2016: $6,288,363Expenses 2016: $6,049,394Net Income 2016: $238,9692016Revenue 2017: $6,085,492Expenses 2017: $6,015,881Net Income 2017: $69,6112017Revenue 2018: $5,843,082Expenses 2018: $5,888,978Net Income 2018: -$45,8962018Revenue 2019: $5,795,808Expenses 2019: $6,071,399Net Income 2019: -$275,5912019Revenue 2020: $5,664,542Expenses 2020: $5,721,144Net Income 2020: -$56,6022020Revenue 2021: $6,147,968Expenses 2021: $4,283,911Net Income 2021: $1,864,0572021Revenue 2022: $7,213,475Expenses 2022: $6,325,590Net Income 2022: $887,8852022Revenue 2023: $8,061,046Expenses 2023: $7,194,150Net Income 2023: $866,8962023Revenue 2024: $13,713,962Expenses 2024: $7,516,342Net Income 2024: $6,197,6202024Revenue 2025: $8,642,709Expenses 2025: $7,836,635Net Income 2025: $806,0742025

Highlighted filing

2015

Revenue$5,803,009
Expenses$5,714,052
Net Income$88,957
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 3, 2016
Return Version
2014v6.0
Gross Receipts
$6,056,429
Mission and Program Overview

Mission

To provide an excellent education from a christ-centered, biblical perspective so that our students might know and serve god.

Provide an excellent education from a christ-centered, biblical perspective to students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,397,340$4,253,947▼ $143,393
Cash and Non-Interest-Bearing Accounts$798,840$953,001▲ $154,161
Investments in Publicly Traded Securities$393,134$386,763▼ $6,371
Accounts Receivable$171,421$153,239▼ $18,182
Pledges and Grants Receivable$121,107$20,000▼ $101,107
Inventories for Sale or Use$17,259$18,675▲ $1,416
Prepaid Expenses and Deferred Charges$6,339$770▼ $5,569
Total Assets$5,960,233$5,841,016▼ $119,217
Other Assets Total$54,793$54,621▼ $172
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,042,429$834,810▼ $207,619
Accounts Payable and Accrued Expenses$446,047$480,718▲ $34,671
Deferred Revenue$340,754$376,249▲ $35,495
Escrow Account Liability$51,850$25,756▼ $26,094
Total Liabilities$1,881,080$1,717,533▼ $163,547
Net Assets / Fund Balance
Unrestricted Net Assets$3,889,264$4,068,989▲ $179,725
Temporarily Rstr Net Assets$189,889$54,494▼ $135,395
Total Net Assets Fund Balance$4,079,153$4,123,483▲ $44,330
Total Liabilities and Net Assets / Fund Balance$5,960,233$5,841,016▼ $119,217

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,500,648$2,303,216$4,803,864
Equipment$1,215,335$1,455,990$2,671,325
Land$537,964-$537,964
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeff KlineDirector of FinanceFT$62,511$6,030$68,541
Jeffrey WilliamsonSuperintendentFT$31,520$6,030$37,550

Board Members and Trustees

NameTitle
Lori MuscuttBoard Chair
Kevin CampbellVice Chair
Kelley HamiltonTrustee
Leanne PaxtonTrustee
Matthew BolesTrustee
Nate CookTrustee
Dennis CurtisSecretary
Fritz JenkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$439,423
Program Service Revenue
$5,225,873
Investment Income
$60,329
Other Revenue
$77,384
All Other Contributions
$234,838
Change in Net Assets
$88,957

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,903,986
Revenue Not Reported on Financial Statements
$899,023
Revenue Not Reported on Form 990
$23,947
Other Revenue Adjustments
$895,573
Total Revenue per Audited Statements
$4,927,933
Total Revenue per Form 990
$5,803,009
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,225,331
Other Expenses$1,702,013
Grants and Similar Amounts Paid$786,708
Total Fundraising Expense$93,578
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,356,376$174,103-$2,530,479
Grants to Domestic Individuals$786,708--$786,708
Depreciation Depletion$325,642$17,508$7,003$350,153
Other Employee Benefits$267,652--$267,652
Payroll Taxes$231,470$23,641$2,325$257,436
Occupancy$169,354$5,324$103$174,781
Current Officers, Directors, Trustees, and Key Employees$36,090$97,584$36,090$169,764
All Other Expenses$123,851$23,704$5,938$153,493
Other Expenses$92,063$144$0$92,207
Interest$45,215--$45,215
Insurance$35,508$3,554-$39,062
Fees for Services Other$17,356$20,958-$38,314
Advertising--$35,412$35,412
Information Technology$17,349$5,615$2,825$25,789
Fees for Services Accounting-$20,000-$20,000
Fees for Services Legal-$10,887-$10,887
Fees for Service Investment Mgmnt Fees-$3,450-$3,450
Office Expenses-$1,745$121$1,866
Total Functional Expenses$5,210,700$409,774$93,578$5,714,052

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,714,052
Total Expenses per Audited Statements$4,883,603
Expenses per Audited Statements$4,815,029
Expenses Not Reported on Financial Statements$899,023
Other Expense Adjustments$895,573
Expenses Not Reported on Form 990$68,574
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$36,072
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$64,585-$36,072-
Total Events$64,585-$36,072$-36,072
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
No
Audit committee
Yes
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, Section B, Line 11

“The board and/or treasurer review the form 990 along with the audited financial statements prior to filing.”

Form 990, Part VI, Section B, Line 15

“The organization has established compensation practices for key employees.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Salem Academy
EIN
93-0425880
Phone
5033781219
Address
942 LANCASTER DRIVE, SALEM, OR 97301

Signing Officer

Name
Lori Muscutt
Title
Board Chair
Phone
5033781219
Signed
2016-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lori Muscutt
Formed
1945
Legal Domicile
Or
Voting Board Members
8
Independent Board Members
8
Employees
186
Volunteers
300

Preparer

Firm
Akt Llp
Address
680 HAWTHORNE AVE SE 140, SALEM, OR 97301
Preparer
Elsa a Romero
Phone
5035857774
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“There have not been any changes from the previous year”

Financial Statement Notes

PART IV, LINE 2B:

“The school holds funds for various associated student bodies (asb). Deposits and the return of funds are made at the asb's request throughout the year.”

PART X, LINE 2:

“The academy follows accounting standards generally accepted in the united states of america related to the recognition of uncertain tax positions. These standards provide detailed guidance for financial statement recognition, measurement, and disclosure of uncertain tax positions. It requires an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position would not be sustained if examined by a taxing authority. Management has determined that the academy has no uncertain tax positions as of june 30, 2014 and 2013.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses netted with revenue 36,072.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Tuition discounts 786,708. Expenses on consignment operation 108,865.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses netted with revenue 36,072.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Tuition discounts 786,708. Expenses on consignment operation 108,865.”

Raw XML AppendixShowing 400 of 568 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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IRS990/Desc0AS A CHRISTIAN SCHOOL, SALEM ACADEMY HAS A SPECIFIC PHILOSOPHY WHICH IS ROOTED IN ITS ARTICLES OF FAITH, FOUNDED ON THE VIEW THAT THE HOLY BIBLE IS THE ONLY WORD OF GOD. SALEM ACADEMY HAS BEEN EQUIPPING STUDENTS TO KNOW AND SERVE GOD THROUGH AN EXCELLENT EDUCATION FROM A BIBLICAL PERSPECTIVE FOR OVER 67 YEARS. SALEM ACADEMY EMPHASIZES EDUCATIONAL EXCELLENCE WHILE SEEKING TO BUILD CHARACTER AND VALUES WITHIN THE LIFE OF EACH STUDENT PRESCHOOL TO GRADE 12.
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IRS990/GrossRentsGrp/RealAmt039440
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt02825
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt05615
IRS990/InformationTechnologyGrp/ProgramServicesAmt017349
IRS990/InformationTechnologyGrp/TotalAmt025789
IRS990/InsuranceGrp/ManagementAndGeneralAmt03554
IRS990/InsuranceGrp/ProgramServicesAmt035508
IRS990/InsuranceGrp/TotalAmt039062
IRS990/InterestGrp/ProgramServicesAmt045215
IRS990/InterestGrp/TotalAmt045215
IRS990/InventoriesForSaleOrUseGrp/BOYAmt017259
IRS990/InventoriesForSaleOrUseGrp/EOYAmt018675
IRS990/InvestmentIncomeGrp/ExclusionAmt023711
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt023711
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0393134
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0386763
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03759206
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04397340
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04253947
IRS990/LandBldgEquipCostOrOtherBssAmt08013153
IRS990/LegalDomicileStateCd0OR
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01510
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0215838
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE AN EXCELLENT EDUCATION FROM A CHRIST-CENTERED, BIBLICAL PERSPECTIVE SO THAT OUR STUDENTS MIGHT KNOW AND SERVE GOD.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01042429
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0834810
IRS990/NetAssetsOrFundBalancesBOYAmt04079153
IRS990/NetAssetsOrFundBalancesEOYAmt04123483
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt036618
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt036618
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-36072
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-36072
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt039440
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt040440
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-44627
IRS990/NoncashContributionsAmt07870
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0103
IRS990/OccupancyGrp/ManagementAndGeneralAmt05324
IRS990/OccupancyGrp/ProgramServicesAmt0169354
IRS990/OccupancyGrp/TotalAmt0174781
IRS990/OfficeExpensesGrp/FundraisingAmt0121
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01745
IRS990/OfficeExpensesGrp/TotalAmt01866
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt054793
IRS990/OtherAssetsTotalGrp/EOYAmt054621
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0267652
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0267652
IRS990/OtherExpensesGrp/Desc0DESIGNATED ATHLETICS AN
IRS990/OtherExpensesGrp/Desc1HOME STAY FEES
IRS990/OtherExpensesGrp/Desc2PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt03761
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01557
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3144
IRS990/OtherExpensesGrp/ProgramServicesAmt0286525
IRS990/OtherExpensesGrp/ProgramServicesAmt1268790
IRS990/OtherExpensesGrp/ProgramServicesAmt2150751
IRS990/OtherExpensesGrp/ProgramServicesAmt392063
IRS990/OtherExpensesGrp/TotalAmt0291843
IRS990/OtherExpensesGrp/TotalAmt1268790
IRS990/OtherExpensesGrp/TotalAmt2150751
IRS990/OtherExpensesGrp/TotalAmt392207
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/BusinessCd1611710
IRS990/OtherRevenueMiscGrp/Desc0ATHLETICS REVENUE
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt052614
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt120402
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt052614
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt120402
IRS990/OtherRevenueTotalAmt073016
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0174103
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02356376
IRS990/OtherSalariesAndWagesGrp/TotalAmt02530479
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02325
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023641
IRS990/PayrollTaxesGrp/ProgramServicesAmt0231470
IRS990/PayrollTaxesGrp/TotalAmt0257436
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0121107
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt020000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06339
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0770
IRS990/PrincipalOfficerNm0LORI MUSCUTT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER FEES AND SUPPORT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04749409
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1476464
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04749409
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1476464
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01172935
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0704756
IRS990/PYInvestmentIncomeAmt051751
IRS990/PYOtherExpensesAmt01771263
IRS990/PYOtherRevenueAmt0118957
IRS990/PYProgramServiceRevenueAmt04962270
IRS990/PYRevenuesLessExpensesAmt0598939
IRS990/PYSalariesCompEmpBnftPaidAmt03230955
IRS990/PYTotalExpensesAmt05706974
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06305913
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt088957
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0140000
IRS990/RentalIncomeOrLossGrp/PersonalAmt01000
IRS990/RentalIncomeOrLossGrp/RealAmt039440
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05299889
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/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BeginningBalanceAmt051850
IRS990ScheduleD/BuildingsGrp/BookValueAmt02500648
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02303216
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04803864
IRS990ScheduleD/DistributionsDuringYearAmt026094
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt032502
IRS990ScheduleD/DonatedServicesUseFcltsAmt032502
IRS990ScheduleD/EndingBalanceAmt025756
IRS990ScheduleD/EquipmentGrp/BookValueAmt01215335
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01455990
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02671325
IRS990ScheduleD/ExpensesNotReportedAmt068574
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0899023
IRS990ScheduleD/ExpensesSubtotalAmt04815029
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt03450
IRS990ScheduleD/InvestmentExpensesNotIncldAmt03450
IRS990ScheduleD/LandGrp/BookValueAmt0537964
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0537964
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-44627
IRS990ScheduleD/OtherExpensesIncludedAmt036072
IRS990ScheduleD/OtherExpensesNotIncludedAmt0895573
IRS990ScheduleD/OtherRevenueAmt036072
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0895573
IRS990ScheduleD/RevenueNotReportedAmt023947
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0899023
IRS990ScheduleD/RevenueSubtotalAmt04903986
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HOLDS FUNDS FOR VARIOUS ASSOCIATED STUDENT BODIES (ASB). DEPOSITS AND THE RETURN OF FUNDS ARE MADE AT THE ASB'S REQUEST THROUGHOUT THE YEAR.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY FOLLOWS ACCOUNTING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA RELATED TO THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THESE STANDARDS PROVIDE DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS. IT REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WOULD NOT BE SUSTAINED IF EXAMINED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THAT THE ACADEMY HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2014 AND 2013.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSES NETTED WITH REVENUE 36,072.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3TUITION DISCOUNTS 786,708. EXPENSES ON CONSIGNMENT OPERATION 108,865.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4SPECIAL EVENT EXPENSES NETTED WITH REVENUE 36,072.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt5TUITION DISCOUNTS 786,708. EXPENSES ON CONSIGNMENT OPERATION 108,865.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII, LINE 4B - OTHER ADJUSTMENTS:

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,841,016
Liabilities
$1,717,533
Net assets
$4,123,483
Revenue
$5,803,009
Expenses
$5,714,052
Net income
$88,957
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$1.25$15.2$8.64$7.84$0.81
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.6$1.22$14.3$13.7$7.52$6.20
2023Detailed filing. Detailed filing data is available for this year.$9.20$1.32$7.88$8.06$7.19$0.87
2022Detailed filing. Detailed filing data is available for this year.$8.18$1.23$6.95$7.21$6.33$0.89
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.22$1.09$6.13$6.15$4.28$1.86
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.71$1.69$4.02$5.66$5.72$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.16$1.08$4.08$5.80$6.07$0.28
2018Detailed filing. Detailed filing data is available for this year.$5.46$1.02$4.44$5.84$5.89$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.34$0.96$4.38$6.09$6.02$0.07
2016Detailed filing. Detailed filing data is available for this year.$5.72$1.43$4.29$6.29$6.05$0.24
2015Detailed filing. Detailed filing data is available for this year.$5.84$1.72$4.12$5.80$5.71$0.09
2014Detailed filing. Detailed filing data is available for this year.$5.96$1.88$4.08$6.31$5.71$0.60
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.49$3.02$3.46$4.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.62$3.74$2.89$4.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.62$3.77$2.85$4.74
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.38$3.28$3.09$3.74