Civic Intelligence

The Salem Academy

990 • Fiscal year 2022 • EIN 93-0425880

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 24, 2022

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

54th percentile

0.15x

Higher debt load relative to assets than 54% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

52nd percentile

0.17x

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

60th percentile

12%

Higher net margin than 60% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

49th percentile

$121,083

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

73rd percentile

13%

Faster asset growth than 73% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

67th percentile

17%

Faster revenue growth than 67% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$8,184,722

Up $962,039 (+13%) from 2021

Net Assets

Up

$6,953,664

Up $823,295 (+13%) from 2021

Liabilities

Up

$1,231,058

Up $138,744 (+13%) from 2021

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin60th percentile

Revenue

Up

$7,213,475

Up $1,065,507 (+17%) from 2021

Expenses

Up

$6,325,590

Up $2,041,679 (+48%) from 2021

Net Income

Down

$887,885

Down $976,172 (-52%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth73rd 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

2022

Assets$8,184,722
Liabilities$1,231,058
Net Assets$6,953,664
Open 2022 Filing

Operations Trend

Revenue Growth67th 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

2022

Revenue$7,213,475
Expenses$6,325,590
Net Income$887,885
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 24, 2022
Return Version
2021v4.2
Gross Receipts
$7,254,079
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,345,969$3,940,292▲ $594,323
Savings and Temporary Cash Investments$1,446,909$2,321,195▲ $874,286
Cash and Non-Interest-Bearing Accounts$1,090,916$832,016▼ $258,900
Investments in Publicly Traded Securities$516,537$537,252▲ $20,715
Accounts Receivable$699,972$474,717▼ $225,255
Pledges and Grants Receivable$102,354$59,943▼ $42,411
Inventories for Sale or Use$19,058$17,797▼ $1,261
Prepaid Expenses and Deferred Charges$968$1,510▲ $542
Total Assets$7,222,683$8,184,722▲ $962,039
Liabilities
Accounts Payable and Accrued Expenses$574,782$674,460▲ $99,678
Deferred Revenue$461,312$495,286▲ $33,974
Escrow Account Liability$56,220$61,312▲ $5,092
Total Liabilities$1,092,314$1,231,058▲ $138,744
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,893,556$6,695,103▲ $801,547
Net Assets With Donor Restrictions$236,813$258,561▲ $21,748
Total Net Assets Fund Balance$6,130,369$6,953,664▲ $823,295
Total Liabilities and Net Assets / Fund Balance$7,222,683$8,184,722▲ $962,039

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,651,405$2,970,056$5,621,461
Equipment$517,617$2,754,822$3,272,439
Land$537,964-$537,964
Other Land Buildings$233,306-$233,306
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John TylerSuperintendentFT$113,569$7,514$121,083
Jeff KlineDirector of FinanceFT$78,601$7,437$86,038

Board Members and Trustees

NameTitle
Nate CookeBoard Chair
Angela WilliamsVice Chair
Aaron ImigTrustee
Joel BlountTrustee
Melissa BradleyTrustee
Kevin CampbellSecretary
Lori MuscuttTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Home Comfort INCFurnish And Install New Hvac System414 PINE ST NE, Salem, OR 97301$155,951
Revenue and Support

Revenue Composition

Contributions and Grants
$977,439
Program Service Revenue
$6,035,587
Investment Income
$18,331
Other Revenue
$182,118
All Other Contributions
$477,142
Change in Net Assets
$887,885

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,328,573
Revenue Not Reported on Financial Statements
$884,902
Revenue Not Reported on Form 990
$-18,024
Other Revenue Adjustments
$878,943
Total Revenue per Audited Statements
$6,310,549
Total Revenue per Form 990
$7,213,475
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,071,761
Other Expenses$1,374,886
Grants and Similar Amounts Paid$878,943
Total Fundraising Expense$64,373
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,969,781$199,818$49,005$3,218,604
Grants to Domestic Individuals$878,943--$878,943
Other Employee Benefits$364,344$37,867$761$402,972
Depreciation Depletion$255,942$4,844$487$261,273
Payroll Taxes$223,314$24,685$4,455$252,454
Current Officers, Directors, Trustees, and Key Employees$41,537$147,213$8,981$197,731
Occupancy$117,434$4,150$7$121,591
Fees for Services Other$67,595$6,196$77$73,868
All Other Expenses$10,206$63,535$11$73,752
Insurance$45,949$772$78$46,799
Other Expenses$30,285$509$51$30,845
Fees for Services Accounting-$28,000-$28,000
Advertising$25,078$422$42$25,542
Office Expenses$12,790$4,287$322$17,399
Fees for Service Investment Mgmnt Fees-$5,959-$5,959
Fees for Services Legal-$374-$374
Total Functional Expenses$5,728,753$532,464$64,373$6,325,590

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,325,590
Total Expenses per Audited Statements$5,487,254
Expenses per Audited Statements$5,440,688
Expenses Not Reported on Financial Statements$884,902
Other Expense Adjustments$878,943
Expenses Not Reported on Form 990$46,566
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$170,751
Fundraising Direct Expenses$40,604
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$213,321$170,751$5,500$165,251
Total Events$213,321$170,751$40,604$130,147
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
Audit committee
Yes
Backup withholding compliance
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
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 12C

“In the event that any trustees (i.e. Board members) are connected with other corporations with which this corporation may have business dealings, no contracts or other corporation shall be affected by the fact that the trustees of this corporation are interested in or are directors or officers of such other corporations. Any trustee individually may be a party to, or interested in, any contract or transaction with this corporation provided (1) the "interest" of the trustee is disclosed to the board (2) the interested trustee may not vote in favor of the transaction although his/her presence may be counted toward a quorum (3) the board or the executive committee approves the transaction at an annual, a regular, or a special meeting.”

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
Nate Cooke
Title
Board Chair
Phone
5033781219
Signed
2022-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nate Cooke
Formed
1945
Legal Domicile
Or
Voting Board Members
7
Independent Board Members
7
Employees
175
Volunteers
350

Preparer

Firm
Aldrich Cpas and Advisors Llp
Address
680 HAWTHORNE AVE SE 140, SALEM, OR 97301
Preparer
Debra D Smith CPA
Phone
5035857774
Supplemental Narrative

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, 2022 and 2021, and therefore no amounts have been accrued.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Tuition discounts 878,943.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Tuition discounts 878,943.”

Raw XML AppendixShowing 400 of 577 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/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR OF FINANCE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01945
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt042570
IRS990/FundraisingDirectExpensesAmt040604
IRS990/FundraisingGrossIncomeAmt0170751
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt0457727
IRS990/GrantAmt0878943
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0878943
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0878943
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07254079
IRS990/GrossRentsGrp/RealAmt036692
IRS990/GrossSalesOfInventoryAmt015279
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt078
IRS990/InsuranceGrp/ManagementAndGeneralAmt0772
IRS990/InsuranceGrp/ProgramServicesAmt045949
IRS990/InsuranceGrp/TotalAmt046799
IRS990/InventoriesForSaleOrUseGrp/BOYAmt019058
IRS990/InventoriesForSaleOrUseGrp/EOYAmt017797
IRS990/InvestmentIncomeGrp/ExclusionAmt018331
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt018331
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0516537
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0537252
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05724878
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03345969
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03940292
IRS990/LandBldgEquipCostOrOtherBssAmt09665170
IRS990/LegalDomicileStateCd0OR
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/NetAssetsOrFundBalancesBOYAmt06130369
IRS990/NetAssetsOrFundBalancesEOYAmt06953664
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0130147
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0130147
IRS990/NetIncomeOrLossGrp/ExclusionAmt015279
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt015279
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt036692
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt036692
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-18024
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05893556
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06695103
IRS990/NoncashContributionsAmt018998
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt07
IRS990/OccupancyGrp/ManagementAndGeneralAmt04150
IRS990/OccupancyGrp/ProgramServicesAmt0117434
IRS990/OccupancyGrp/TotalAmt0121591
IRS990/OfficeExpensesGrp/FundraisingAmt0322
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04287
IRS990/OfficeExpensesGrp/ProgramServicesAmt012790
IRS990/OfficeExpensesGrp/TotalAmt017399
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0761
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt037867
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0364344
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0402972
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2EDUCATION FEES
IRS990/OtherExpensesGrp/Desc3DUES & MEMBERSHIP
IRS990/OtherExpensesGrp/FundraisingAmt096
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt351
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03833
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3509
IRS990/OtherExpensesGrp/ProgramServicesAmt0358201
IRS990/OtherExpensesGrp/ProgramServicesAmt1185307
IRS990/OtherExpensesGrp/ProgramServicesAmt2142047
IRS990/OtherExpensesGrp/ProgramServicesAmt330285
IRS990/OtherExpensesGrp/TotalAmt0362130
IRS990/OtherExpensesGrp/TotalAmt1185307
IRS990/OtherExpensesGrp/TotalAmt2142047
IRS990/OtherExpensesGrp/TotalAmt330845
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt049005
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0199818
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02969781
IRS990/OtherSalariesAndWagesGrp/TotalAmt03218604
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04455
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt024685
IRS990/PayrollTaxesGrp/ProgramServicesAmt0223314
IRS990/PayrollTaxesGrp/TotalAmt0252454
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0102354
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt059943
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0968
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01510
IRS990/PrincipalOfficerNm0NATE COOKE
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/RelatedOrExemptFuncIncomeAmt05388904
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1279061
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2193000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3119122
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt455500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05388904
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1279061
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2193000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3119122
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt455500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01284544
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0801371
IRS990/PYInvestmentIncomeAmt016115
IRS990/PYOtherExpensesAmt0961462
IRS990/PYOtherRevenueAmt084180
IRS990/PYProgramServiceRevenueAmt04763129
IRS990/PYRevenuesLessExpensesAmt01864057
IRS990/PYSalariesCompEmpBnftPaidAmt02521078
IRS990/PYTotalExpensesAmt04283911
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06147968
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0887885
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt036692
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06035587
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01446909
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02321195
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/AdditionsDuringYearAmt05092
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BeginningBalanceAmt056220
IRS990ScheduleD/BuildingsGrp/BookValueAmt02651405
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02970056
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05621461
IRS990ScheduleD/DonatedServicesUseFcltsAmt046566
IRS990ScheduleD/EndingBalanceAmt061312
IRS990ScheduleD/EquipmentGrp/BookValueAmt0517617
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02754822
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03272439
IRS990ScheduleD/ExpensesNotReportedAmt046566
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0884902
IRS990ScheduleD/ExpensesSubtotalAmt05440688
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt05959
IRS990ScheduleD/InvestmentExpensesNotIncldAmt05959
IRS990ScheduleD/LandGrp/BookValueAmt0537964
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0537964
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-18024
IRS990ScheduleD/OtherExpensesNotIncludedAmt0878943
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0233306
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0233306
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0878943
IRS990ScheduleD/RevenueNotReportedAmt0-18024
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0884902
IRS990ScheduleD/RevenueSubtotalAmt06328573
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, 2022 AND 2021, AND THEREFORE NO AMOUNTS HAVE BEEN ACCRUED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2TUITION DISCOUNTS 878,943.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3TUITION DISCOUNTS 878,943.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03940292
IRS990ScheduleD/TotalExpensesPerForm990Amt06325590
IRS990ScheduleD/TotalRevenuePerForm990Amt07213475

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,184,722
Liabilities
$1,231,058
Net assets
$6,953,664
Revenue
$7,213,475
Expenses
$6,325,590
Net income
$887,885
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