Civic Intelligence

The Salem Academy

990 • Fiscal year 2024 • EIN 93-0425880

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 07, 2024

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

36th percentile

0.08x

Higher debt load relative to assets than 36% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

28th percentile

0.09x

Higher debt load relative to revenue than 28% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

87th percentile

45%

Higher net margin than 87% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

21st percentile

$94,686

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

95th percentile

69%

Faster asset growth than 95% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

70%

Faster revenue growth than 88% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$15,565,284

Up $6,362,347 (+69%) from 2023

Net Assets

Up

$14,347,093

Up $6,462,637 (+82%) from 2023

Liabilities

Down

$1,218,191

Down $100,290 (-7.6%) from 2023

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin87th percentile

Revenue

Up

$13,713,962

Up $5,652,916 (+70%) from 2023

Expenses

Up

$7,516,342

Up $322,192 (+4.5%) from 2023

Net Income

Up

$6,197,620

Up $5,330,724 (+615%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2024

Assets$15,565,284
Liabilities$1,218,191
Net Assets$14,347,093
Open 2024 Filing

Operations Trend

Revenue Growth88th 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

2024

Revenue$13,713,962
Expenses$7,516,342
Net Income$6,197,620
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 7, 2024
Return Version
2023v5.1
Gross Receipts
$13,908,083
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$4,450,039$4,404,035▼ $46,004
Investments Other Securities-$3,046,412-
Pledges and Grants Receivable$15,362$2,761,049▲ $2,745,687
Savings and Temporary Cash Investments$2,472,120$2,642,659▲ $170,539
Investments in Publicly Traded Securities$1,366,569$1,994,110▲ $627,541
Cash and Non-Interest-Bearing Accounts$821,050$616,635▼ $204,415
Accounts Receivable$58,548$84,576▲ $26,028
Inventories for Sale or Use$19,125$13,610▼ $5,515
Prepaid Expenses and Deferred Charges$124$2,198▲ $2,074
Total Assets$9,202,937$15,565,284▲ $6,362,347
Liabilities
Accounts Payable and Accrued Expenses$824,902$680,349▼ $144,553
Deferred Revenue$441,410$507,670▲ $66,260
Escrow Account Liability$52,169$30,172▼ $21,997
Total Liabilities$1,318,481$1,218,191▼ $100,290
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,651,826$8,164,830▲ $513,004
Net Assets With Donor Restrictions$232,630$6,182,263▲ $5,949,633
Total Net Assets Fund Balance$7,884,456$14,347,093▲ $6,462,637
Total Liabilities and Net Assets / Fund Balance$9,202,937$15,565,284▲ $6,362,347

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,702,196$3,216,448$5,918,644
Equipment$1,019,198$3,146,402$4,165,600
Land$537,964-$537,964
Other Land Buildings$144,677-$144,677
Other Securities$3,046,412--
Compensation and Service Providers
Top Officer Pay21st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeff KlineDirector of FinanceFT$85,403$9,283$94,686
Timothy PetersonSuperintendentFT$40,692$9,201$49,893

Board Members and Trustees

NameTitle
Nate CookeBoard Chair
Angela WilliamsVice Chair
Aaron ImigTrustee
Joel BlountTrustee
Lori MuscuttSecretary
Kevin CampbellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,419,336
Program Service Revenue
$6,975,096
Investment Income
$161,545
Other Revenue
$157,985
All Other Contributions
$6,391,841
Change in Net Assets
$6,197,620

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,638,175
Revenue Not Reported on Financial Statements
$1,075,787
Revenue Not Reported on Form 990
$340,923
Other Revenue Adjustments
$1,070,193
Total Revenue per Audited Statements
$12,979,098
Total Revenue per Form 990
$13,713,962
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,709,418
Other Expenses$1,736,731
Grants and Similar Amounts Paid$1,070,193
Total Fundraising Expense$86,169
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,491,804$167,577$52,542$3,711,923
Grants to Domestic Individuals$1,070,193--$1,070,193
Other Employee Benefits$471,025$6,393$1,019$478,437
Depreciation Depletion$393,550$6,614$664$400,828
Payroll Taxes$265,472$23,904$4,846$294,222
Current Officers, Directors, Trustees, and Key Employees$44,860$170,277$9,699$224,836
Fees for Services Other$153,518$6,302$188$160,008
Occupancy$136,991$4,389$15$141,395
All Other Expenses$38,237$2,187$14,495$54,919
Insurance$53,250$851$85$54,186
Other Expenses$22,595$14,944$0$37,539
Advertising$31,393$528$53$31,974
Office Expenses$23,840$1,227$746$25,813
Fees for Services Accounting-$20,725-$20,725
Fees for Services Legal-$7,955-$7,955
Fees for Service Investment Mgmnt Fees-$5,594-$5,594
Total Functional Expenses$6,975,343$454,830$86,169$7,516,342

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,516,342
Total Expenses per Audited Statements$6,502,198
Expenses per Audited Statements$6,440,555
Expenses Not Reported on Financial Statements$1,075,787
Other Expense Adjustments$1,070,193
Expenses Not Reported on Form 990$61,643
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$130,152
Fundraising Direct Expenses$43,253
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$157,647$130,152$21,695$108,457
Total Events$157,647$130,152$43,253$86,899
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
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
2024-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nate Cooke
Formed
1945
Legal Domicile
Or
Voting Board Members
6
Independent Board Members
6
Employees
187
Volunteers
350

Preparer

Firm
Aldrich Cpas and Advisors Llp
Address
1903 WRIGHT PLACE 180, CARLSBAD, CA 92008
Preparer
Debra D Smith CPA
Phone
7604318440
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 u.s. Gaap 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, 2024 and 2023, and therefore no amounts have been accrued.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Revenue from related organization 26,513.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Tuition discounts 1,070,193.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Expenses from related organization 12,250.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Tuition discounts 1,070,193.”

Raw XML AppendixShowing 400 of 576 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.
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt085
IRS990/InsuranceGrp/ManagementAndGeneralAmt0851
IRS990/InsuranceGrp/ProgramServicesAmt053250
IRS990/InsuranceGrp/TotalAmt054186
IRS990/InventoriesForSaleOrUseGrp/BOYAmt019125
IRS990/InventoriesForSaleOrUseGrp/EOYAmt013610
IRS990/InvestmentIncomeGrp/ExclusionAmt0193395
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0193395
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt03046412
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01366569
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01994110
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06362850
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04450039
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04404035
IRS990/LandBldgEquipCostOrOtherBssAmt010766885
IRS990/LegalDomicileStateCd0OR
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0150868
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/NetAssetsOrFundBalancesBOYAmt07884456
IRS990/NetAssetsOrFundBalancesEOYAmt014347093
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-31850
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-31850
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt086899
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt086899
IRS990/NetIncomeOrLossGrp/ExclusionAmt033472
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt033472
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt037614
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt037614
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0171395
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt07651826
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08164830
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt015
IRS990/OccupancyGrp/ManagementAndGeneralAmt04389
IRS990/OccupancyGrp/ProgramServicesAmt0136991
IRS990/OccupancyGrp/TotalAmt0141395
IRS990/OfficeExpensesGrp/FundraisingAmt0746
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01227
IRS990/OfficeExpensesGrp/ProgramServicesAmt023840
IRS990/OfficeExpensesGrp/TotalAmt025813
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01019
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06393
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0471025
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0478437
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2EDUCATION FEES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt073
IRS990/OtherExpensesGrp/FundraisingAmt11744
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02873
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112490
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt314944
IRS990/OtherExpensesGrp/ProgramServicesAmt0413551
IRS990/OtherExpensesGrp/ProgramServicesAmt1187850
IRS990/OtherExpensesGrp/ProgramServicesAmt2177214
IRS990/OtherExpensesGrp/ProgramServicesAmt322595
IRS990/OtherExpensesGrp/TotalAmt0416497
IRS990/OtherExpensesGrp/TotalAmt1202084
IRS990/OtherExpensesGrp/TotalAmt2177214
IRS990/OtherExpensesGrp/TotalAmt337539
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt052542
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0167577
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03491804
IRS990/OtherSalariesAndWagesGrp/TotalAmt03711923
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04846
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023904
IRS990/PayrollTaxesGrp/ProgramServicesAmt0265472
IRS990/PayrollTaxesGrp/TotalAmt0294222
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt015362
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02761049
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0124
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02198
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 REVENUE
IRS990/ProgramServiceRevenueGrp/Desc4ASB FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06154279
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1321046
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2219271
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt397537
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt492486
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06154279
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1321046
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2219271
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt397537
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt492486
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0821935
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01008327
IRS990/PYInvestmentIncomeAmt074470
IRS990/PYOtherExpensesAmt01743425
IRS990/PYOtherRevenueAmt0173014
IRS990/PYProgramServiceRevenueAmt06991627
IRS990/PYRevenuesLessExpensesAmt0866896
IRS990/PYSalariesCompEmpBnftPaidAmt04442398
IRS990/PYTotalExpensesAmt07194150
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08061046
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt06197620
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt037614
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06975096
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02472120
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02642659
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/BeginningBalanceAmt052169
IRS990ScheduleD/BuildingsGrp/BookValueAmt02702196
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03216448
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05918644
IRS990ScheduleD/DistributionsDuringYearAmt021997
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0143015
IRS990ScheduleD/DonatedServicesUseFcltsAmt049393
IRS990ScheduleD/EndingBalanceAmt030172
IRS990ScheduleD/EquipmentGrp/BookValueAmt01019198
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03146402
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04165600
IRS990ScheduleD/ExpensesNotReportedAmt061643
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01075787
IRS990ScheduleD/ExpensesSubtotalAmt06440555
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt05594
IRS990ScheduleD/InvestmentExpensesNotIncldAmt05594
IRS990ScheduleD/LandGrp/BookValueAmt0537964
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0537964
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0171395
IRS990ScheduleD/OtherExpensesIncludedAmt012250
IRS990ScheduleD/OtherExpensesNotIncludedAmt01070193
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0144677
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0144677
IRS990ScheduleD/OtherRevenueAmt026513
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01070193
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03046412
IRS990ScheduleD/OtherSecuritiesGrp/Desc0US TREASURY BILLS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0340923
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01075787
IRS990ScheduleD/RevenueSubtotalAmt012638175
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 U.S. GAAP 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, 2024 AND 2023, AND THEREFORE NO AMOUNTS HAVE BEEN ACCRUED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2REVENUE FROM RELATED ORGANIZATION 26,513.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3TUITION DISCOUNTS 1,070,193.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4EXPENSES FROM RELATED ORGANIZATION 12,250.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt5TUITION DISCOUNTS 1,070,193.
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:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04404035
IRS990ScheduleD/TotalBookValueSecuritiesAmt03046412
IRS990ScheduleD/TotalExpensesPerForm990Amt07516342
IRS990ScheduleD/TotalRevenuePerForm990Amt013713962

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$15,565,284
Liabilities
$1,218,191
Net assets
$14,347,093
Revenue
$13,713,962
Expenses
$7,516,342
Net income
$6,197,620
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
2024Detailed filing. Detailed filing data is available for this year.$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