Civic Intelligence

The Salem Academy

990 • Fiscal year 2017 • EIN 93-0425880

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 06, 2017

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

52nd percentile

0.18x

Higher debt load relative to assets than 52% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

49th percentile

0.16x

Higher debt load relative to revenue than 49% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

43rd percentile

1.1%

Higher net margin than 43% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

36th percentile

$92,309

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

12th percentile

-6.6%

Faster asset growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

27th percentile

-3.2%

Faster revenue growth than 27% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$5,342,004

Down $377,816 (-6.6%) from 2016

Net Assets

Up

$4,380,918

Up $91,534 (+2.1%) from 2016

Liabilities

Down

$961,086

Down $469,350 (-33%) from 2016

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin43rd percentile

Revenue

Down

$6,085,492

Down $202,871 (-3.2%) from 2016

Expenses

Down

$6,015,881

Down $33,513 (-0.6%) from 2016

Net Income

Down

$69,611

Down $169,358 (-71%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth12th 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

2017

Assets$5,342,004
Liabilities$961,086
Net Assets$4,380,918
Open 2017 Filing

Operations Trend

Revenue Growth27th 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

2017

Revenue$6,085,492
Expenses$6,015,881
Net Income$69,611
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 6, 2017
Return Version
2016v3.0
Gross Receipts
$6,144,271
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$4,013,180$3,789,589▼ $223,591
Savings and Temporary Cash Investments$512,912$526,397▲ $13,485
Cash and Non-Interest-Bearing Accounts$652,589$514,178▼ $138,411
Investments in Publicly Traded Securities$315,763$340,189▲ $24,426
Accounts Receivable$99,158$73,290▼ $25,868
Inventories for Sale or Use$21,591$30,922▲ $9,331
Pledges and Grants Receivable$48,651$12,468▼ $36,183
Prepaid Expenses and Deferred Charges$1,300$240▼ $1,060
Total Assets$5,719,820$5,342,004▼ $377,816
Other Assets Total$54,676$54,731▲ $55
Liabilities
Accounts Payable and Accrued Expenses$528,711$500,591▼ $28,120
Deferred Revenue$555,650$434,336▼ $121,314
Mortgage Notes Payable Secured by Investment Property$317,994$0▼ $317,994
Escrow Account Liability$28,081$26,159▼ $1,922
Total Liabilities$1,430,436$961,086▼ $469,350
Net Assets / Fund Balance
Unrestricted Net Assets$4,179,341$4,280,143▲ $100,802
Temporarily Rstr Net Assets$110,043$100,775▼ $9,268
Total Net Assets Fund Balance$4,289,384$4,380,918▲ $91,534
Total Liabilities and Net Assets / Fund Balance$5,719,820$5,342,004▼ $377,816

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,390,831$2,478,979$4,869,810
Equipment$860,794$1,932,585$2,793,379
Land$537,964-$537,964
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffrey WilliamsonSuperintendentFT$86,068$6,241$92,309
Jeff KlineDirector of FinanceFT$66,057$6,241$72,298

Board Members and Trustees

NameTitle
Lori MuscuttBoard Chair
Kevin CampbellVice Chair
Kirk LarsenTrustee
Matthew BolesTrustee
Nate CookTrustee
Fritz JenkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$566,557
Program Service Revenue
$5,397,269
Investment Income
$19,235
Other Revenue
$102,431
All Other Contributions
$496,207
Change in Net Assets
$69,611

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table128$26,306Fair Market Value (FMV)
Other Non Cash Contri Table9$9,144Fair Market Value (FMV)
Other Non Cash Contri Table10$8,111Fair Market Value (FMV)
Other Non Cash Contri Table6$2,268Fair Market Value (FMV)
Other Non Cash Contri Table5$1,503Fair Market Value (FMV)
Total Noncash Contributions158$47,332-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,116,226
Revenue Not Reported on Financial Statements
$969,266
Revenue Not Reported on Form 990
$42,738
Other Revenue Adjustments
$966,377
Total Revenue per Audited Statements
$5,158,964
Total Revenue per Form 990
$6,085,492
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,427,559
Other Expenses$1,621,945
Grants and Similar Amounts Paid$966,377
Total Fundraising Expense$160,749
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,524,804$207,754$19,088$2,751,646
Grants to Domestic Individuals$966,377--$966,377
Depreciation Depletion$298,013$27,404$17,127$342,544
Other Employee Benefits$270,924$39,521-$310,445
Occupancy$205,348$13,102$668$219,118
Payroll Taxes$188,371$21,006$3,966$213,343
Current Officers, Directors, Trustees, and Key Employees$32,426$87,273$32,426$152,125
Fees for Services Other$132,815$6,386$3,991$143,192
All Other Expenses$23,053$23,741$478$47,272
Other Expenses$0$0$45,167$45,167
Insurance$34,586$3,180$1,988$39,754
Office Expenses$22,971$8,644$952$32,567
Advertising--$26,428$26,428
Fees for Services Accounting-$20,600-$20,600
Information Technology$14,089$4,089$1,339$19,517
Travel$17,454$649-$18,103
Fees for Services Legal-$9,115-$9,115
Interest$5,965$549$342$6,856
Fees for Service Investment Mgmnt Fees-$2,889-$2,889
Total Functional Expenses$5,379,230$475,902$160,749$6,015,881

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,015,881
Total Expenses per Audited Statements$5,067,430
Expenses per Audited Statements$5,046,615
Expenses Not Reported on Financial Statements$969,266
Other Expense Adjustments$966,377
Expenses Not Reported on Form 990$20,815
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$53,665
Fundraising Direct Expenses$19,120
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$89,015$53,665$13,260$40,405
Total Events$89,015$53,665$19,120$34,545
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 11B

“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 make 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
Matthew Boles
Title
Board Chair
Phone
5033781219
Signed
2017-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Boles
Formed
1945
Legal Domicile
Or
Voting Board Members
6
Independent Board Members
6
Employees
183
Volunteers
500

Preparer

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

Additional Explanations

FORM 990, PART XI, LINE 9:

“Bad debt collections 36,099.”

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, 2017 and 2016, and therefore no amounts have been accrued.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses netted with revenue 19,120.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Tuition discounts 966,377.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses netted with revenue 19,120. Bad debt collections -36,099.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Tuition discounts 966,377.”

Raw XML AppendixShowing 400 of 617 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 75 YEARS. SALEM ACADEMY EMPHASIZES EDUCATIONAL EXCELLENCE WHILE SEEKING TO BUILD CHARACTER AND VALUES WITHIN THE LIFE OF EACH STUDENT PRESCHOOL TO GRADE 12. THE ACADEMY PROVIDED COMPREHENSIVE PRIMARY AND SECONDARY EDUCATIONAL INSTRUCTION FOR APPROXIMATELY 703 STUDENTS DURING 2016-17 SCHOOL YEAR.
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01339
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt04089
IRS990/InformationTechnologyGrp/ProgramServicesAmt014089
IRS990/InformationTechnologyGrp/TotalAmt019517
IRS990/InsuranceGrp/FundraisingAmt01988
IRS990/InsuranceGrp/ManagementAndGeneralAmt03180
IRS990/InsuranceGrp/ProgramServicesAmt034586
IRS990/InsuranceGrp/TotalAmt039754
IRS990/InterestGrp/FundraisingAmt0342
IRS990/InterestGrp/ManagementAndGeneralAmt0549
IRS990/InterestGrp/ProgramServicesAmt05965
IRS990/InterestGrp/TotalAmt06856
IRS990/InventoriesForSaleOrUseGrp/BOYAmt021591
IRS990/InventoriesForSaleOrUseGrp/EOYAmt030922
IRS990/InvestmentIncomeGrp/ExclusionAmt012678
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt012678
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0315763
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0340189
IRS990/IRPDocumentCnt022
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04411564
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04013180
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03789589
IRS990/LandBldgEquipCostOrOtherBssAmt08201153
IRS990/LegalDomicileStateCd0OR
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt039659
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/BOYAmt0317994
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt04289384
IRS990/NetAssetsOrFundBalancesEOYAmt04380918
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt06557
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt06557
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt034545
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt034545
IRS990/NetIncomeOrLossGrp/ExclusionAmt010287
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt010287
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt056999
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt057599
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0600
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt022007
IRS990/NoncashContributionsAmt047331
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0668
IRS990/OccupancyGrp/ManagementAndGeneralAmt013102
IRS990/OccupancyGrp/ProgramServicesAmt0205348
IRS990/OccupancyGrp/TotalAmt0219118
IRS990/OfficeExpensesGrp/FundraisingAmt0952
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08644
IRS990/OfficeExpensesGrp/ProgramServicesAmt022971
IRS990/OfficeExpensesGrp/TotalAmt032567
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt054676
IRS990/OtherAssetsTotalGrp/EOYAmt054731
IRS990/OtherChangesInNetAssetsAmt036099
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt039521
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0270924
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0310445
IRS990/OtherExpensesGrp/Desc0DESIGNATED ATHLETICS AN
IRS990/OtherExpensesGrp/Desc1PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc2HOME STAY FEES
IRS990/OtherExpensesGrp/Desc3FUNDRAISING EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt06789
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt345167
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0307321
IRS990/OtherExpensesGrp/ProgramServicesAmt1183466
IRS990/OtherExpensesGrp/ProgramServicesAmt2151247
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt0314110
IRS990/OtherExpensesGrp/TotalAmt1183466
IRS990/OtherExpensesGrp/TotalAmt2151247
IRS990/OtherExpensesGrp/TotalAmt345167
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt019088
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0207754
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02524804
IRS990/OtherSalariesAndWagesGrp/TotalAmt02751646
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03966
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt021006
IRS990/PayrollTaxesGrp/ProgramServicesAmt0188371
IRS990/PayrollTaxesGrp/TotalAmt0213343
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt048651
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt012468
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01300
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0240
IRS990/PrincipalOfficerNm0MATTHEW BOLES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1CHILDCARE FEES
IRS990/ProgramServiceRevenueGrp/Desc2PRESCHOOL TUITION
IRS990/ProgramServiceRevenueGrp/Desc3OTHER PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/Desc4ATHLETICS REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04846836
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1237866
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2161746
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3100677
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt450144
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04846836
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1237866
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2161746
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3100677
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt450144
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0673524
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0970221
IRS990/PYInvestmentIncomeAmt0-21382
IRS990/PYOtherExpensesAmt01703035
IRS990/PYOtherRevenueAmt036581
IRS990/PYProgramServiceRevenueAmt05599640
IRS990/PYRevenuesLessExpensesAmt0238969
IRS990/PYSalariesCompEmpBnftPaidAmt03376138
IRS990/PYTotalExpensesAmt06049394
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06288363
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt069611
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt035000
IRS990/RentalIncomeOrLossGrp/PersonalAmt0600
IRS990/RentalIncomeOrLossGrp/RealAmt056999
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05397269
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0512912
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0526397
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/BeginningBalanceAmt028081
IRS990ScheduleD/BuildingsGrp/BookValueAmt02390831
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02478979
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04869810
IRS990ScheduleD/DistributionsDuringYearAmt01922
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt01611
IRS990ScheduleD/DonatedServicesUseFcltsAmt037794
IRS990ScheduleD/EndingBalanceAmt026159
IRS990ScheduleD/EquipmentGrp/BookValueAmt0860794
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01932585
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02793379
IRS990ScheduleD/ExpensesNotReportedAmt020815
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0969266
IRS990ScheduleD/ExpensesSubtotalAmt05046615
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt02889
IRS990ScheduleD/InvestmentExpensesNotIncldAmt02889
IRS990ScheduleD/LandGrp/BookValueAmt0537964
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0537964
IRS990ScheduleD/NetUnrealizedGainsInvstAmt022007
IRS990ScheduleD/OtherExpensesIncludedAmt0-16979
IRS990ScheduleD/OtherExpensesNotIncludedAmt0966377
IRS990ScheduleD/OtherRevenueAmt019120
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0966377
IRS990ScheduleD/RevenueNotReportedAmt042738
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0969266
IRS990ScheduleD/RevenueSubtotalAmt05116226
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, 2017 AND 2016, AND THEREFORE NO AMOUNTS HAVE BEEN ACCRUED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSES NETTED WITH REVENUE 19,120.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3TUITION DISCOUNTS 966,377.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4SPECIAL EVENT EXPENSES NETTED WITH REVENUE 19,120. BAD DEBT COLLECTIONS -36,099.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt5TUITION DISCOUNTS 966,377.
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:

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,342,004
Liabilities
$961,086
Net assets
$4,380,918
Revenue
$6,085,492
Expenses
$6,015,881
Net income
$69,611
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
2017Detailed filing. Detailed filing data is available for this year.$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