BETA

ARISTOI CLASSICAL ACADEMY INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
ARISTOI CLASSICAL ACADEMY INC (EIN 76-0495959)
Tax period
2021-09-01 to 2022-08-31
Filed
2023-03-29
IRS object ID
202300889349301340
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-03-29T17:33:41-05:00ReturnTs
Tax Period End2022-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN752393478PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WHITLEY PENN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1640 TAYLOR STREET SUITE 2200AddressLine1Txt
CityFT WORTHCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76102ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN760495959EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ARISTOI CLASSICAL ACADEMY INCBusinessNameLine1Txt
Business Name Line2ARISTOI CLASSICAL ACADEMYBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlARISBusinessNameControlTxt
Phone2813915003PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15610 MORTON RDAddressLine1Txt
CityKATYCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77493ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLUCINA BOTONDPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2813915003PhoneNum
Signature2023-02-24SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLUCINAPersonFirstNm
Person LastBOTONDPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEMILY LANDRYPreparerPersonNm
PTINP01614538PTIN
Phone8172599100PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLUCINA BOTONDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15610 MORTON RDAddressLine1Txt
CityKATYCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77493ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$14,658,818GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ARISTOICLASSICAL.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1996FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionOUR MISSION IS TO PROVIDE OUR STUDENTS WITH AN ACADEMICALLY CHALLENGING CLASSICAL LIBERAL ARTS EDUCATION THAT ENCOURAGES THEM TO DEVELOP A PASSION FOR LEARNING THAT GIVES THEM THE MEANS TO BECOME RESPONSIBLE CITIZENS OF VIRTUOUS CHARACTER.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee205TotalEmployeeCnt
Total Volunteers106TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,219,601PYContributionsGrantsAmt
CY Contributions Grants$445,943CYContributionsGrantsAmt
PY Program Service Revenue$11,483,807PYProgramServiceRevenueAmt
CY Program Service Revenue$13,419,012CYProgramServiceRevenueAmt
PY Investment Income$12,086PYInvestmentIncomeAmt
CY Investment Income$793,863CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$12,715,494PYTotalRevenueAmt
CY Total Revenue$14,658,818CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$6,760,594PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$8,753,541CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$244,588CYTotalFundraisingExpenseAmt
PY Other Expenses$4,727,521PYOtherExpensesAmt
CY Other Expenses$5,050,974CYOtherExpensesAmt
PY Total Expenses$11,488,115PYTotalExpensesAmt
CY Total Expenses$13,804,515CYTotalExpensesAmt
PY Revenues Less Expenses$1,227,379PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$854,303CYRevenuesLessExpensesAmt
Total Assets BOY$20,662,039TotalAssetsBOYAmt
Total Assets EOY$20,519,950TotalAssetsEOYAmt
Total Liabilities BOY$14,231,348TotalLiabilitiesBOYAmt
Total Liabilities EOY$13,234,956TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$6,430,691NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$7,284,994NetAssetsOrFundBalancesEOYAmt
MissionOUR MISSION IS TO PROVIDE OUR STUDENTS WITH AN ACADEMICALLY CHALLENGING CLASSICAL LIBERAL ARTS EDUCATION THAT ENCOURAGES THEM TO DEVELOP A PASSION FOR LEARNING THAT GIVES THEM THE MEANS TO BECOME RESPONSIBLE CITIZENS OF VIRTUOUS CHARACTER.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$9,715,955ExpenseAmt
Revenue$14,199,470RevenueAmt
DescTHE SCHOOL SUCCESSFULLY PROVIDED A CLASSICAL LIBERAL ARTS EDUCATION FOCUSING ON THE CLASSICAL IDEAS OF TRUTH, GOODNESS, AND BEAUTY TO OVER 920 STUDENTS WHILE STILL ACHIEVING ALL OF THE STATE AND FEDERALLY MANDATED ACADEMIC STANDARDS.Desc
Total Program Service Expenses$9,715,955TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document32IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee205EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ANNA AMBOREEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2813915003PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15610 MORTON RDAddressLine1Txt
CityKATYCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77493ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
LUCINA BOTOND
BOARD PRESIDENT8.00Yes (X)Yes (X)$0$0$0
ANDY HOVIS
BOARD VICE-PRESIDENT2.00Yes (X)Yes (X)$0$0$0
DAVID LIGHT
BOARD TREASURER2.00Yes (X)Yes (X)$0$0$0
CATIE GILLESPIE
BOARD SECRETARY5.00Yes (X)Yes (X)$0$0$0
ADRIANA COX
BOARD DIRECTOR1.00Yes (X)$0$0$0
WENDY CLARK
BOARD DIRECTOR1.00Yes (X)$0$0$0
BRENDA DAVIDSON
SUPERINTENDENT40.00$115,769$0$12,487Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$115,769TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$12,487TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
ABILITIES THERAPY AND CONSULTING
13903 BRITOAK LANEHOUSTONTX77079SLPA SERVICES$193,975
THOMPSON AND HORTON
3200 SOUTHWEST FREEWAYHOUSTONTX77027LEGAL GROSS PROCEEDS$121,716
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
All Other Contributions$445,943AllOtherContributionsAmt
Noncash Contributions$31,254NoncashContributionsAmt
Total Contributions$445,943TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
STATE PROGRAM REVENUE611110$11,275,669$11,275,669
FEDERAL PROGRAM REVENUE611110$2,105,018$2,105,018
FOOD SERVICE611110$38,325$38,325
FieldValueIRS element (for citing)
Total Program Service Revenue$13,419,012TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,405TotalRevenueColumnAmt
Exclusion$13,405ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$780,458OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$0OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$780,458OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$780,458TotalRevenueColumnAmt
Related Or Exempt Func Income$780,458RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$14,658,818TotalRevenueColumnAmt
Related Or Exempt Func Income$14,199,470RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$13,405ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$8,082,283TotalAmt
Program Services$7,193,615ProgramServicesAmt
Management And General$730,656ManagementAndGeneralAmt
Fundraising$158,012FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$327,992TotalAmt
Program Services$291,929ProgramServicesAmt
Management And General$29,651ManagementAndGeneralAmt
Fundraising$6,412FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$225,002TotalAmt
Program Services$200,262ProgramServicesAmt
Management And General$20,341ManagementAndGeneralAmt
Fundraising$4,399FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$118,264TotalAmt
Program Services$105,261ProgramServicesAmt
Management And General$10,691ManagementAndGeneralAmt
Fundraising$2,312FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$130,112TotalAmt
Management And General$130,112ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$64,241TotalAmt
Management And General$64,241ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,547,634TotalAmt
Program Services$915,123ProgramServicesAmt
Management And General$586,790ManagementAndGeneralAmt
Fundraising$45,721FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$360TotalAmt
Management And General$360ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$44,333TotalAmt
Management And General$44,333ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$520,965TotalAmt
Management And General$520,965ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$55,242TotalAmt
Management And General$55,242ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$2,300TotalAmt
Management And General$2,300ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$913,936TotalAmt
Management And General$913,936ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$647,374TotalAmt
Management And General$647,374ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$86,980TotalAmt
Management And General$86,980ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmt
INSTRUCTIONAL EXPENSE$725,823$725,823
FOOD SERVICES$238,469$238,469
EXTRACURRICULAR ACTIVIT$35,277$35,277
FUNDRAISING$27,732$27,732

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$10,196TotalAmt
Program Services$10,196ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$13,804,515TotalAmt
Program Services$9,715,955ProgramServicesAmt
Management And General$3,843,972ManagementAndGeneralAmt
Fundraising$244,588FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$4,958,256BOYAmt
EOY$3,820,695EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,537,292BOYAmt
EOY$1,544,208EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$894,974BOYAmt
EOY$1,890,452EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$5,300BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$9,700BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$14,336,835LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,931,319LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$11,137,154BOYAmt
EOY$11,405,516EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$2,119,363BOYAmt
EOY$1,859,079EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$20,662,039BOYAmt
EOY$20,519,950EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$942,486BOYAmt
EOY$990,500EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$13,288,862BOYAmt
EOY$12,244,456EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$14,231,348BOYAmt
EOY$13,234,956EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,016,403BOYAmt
EOY$3,475,763EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,414,288BOYAmt
EOY$3,809,231EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,430,691BOYAmt
EOY$7,284,994EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$20,662,039BOYAmt
EOY$20,519,950EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$854,303ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,809,556OtherCostOrOtherBasisAmt
Book Value$3,809,556BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$10,259,804OtherCostOrOtherBasisAmt
Depreciation$2,714,613DepreciationAmt
Book Value$7,545,191BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$250,193OtherCostOrOtherBasisAmt
Depreciation$206,337DepreciationAmt
Book Value$43,856BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$17,282OtherCostOrOtherBasisAmt
Depreciation$10,369DepreciationAmt
Book Value$6,913BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$11,405,516TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$14,658,818TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$14,658,818RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$14,658,818TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$13,804,515TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$13,804,515ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$13,804,515TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ACADEMY IS A NONPROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE ("THE CODE") AND COMPARABLE STATE OF TEXAS LAW. THE ACADEMY DID NOT CONDUCT ANY UNRELATED BUSINESS ACTIVITIES IN THE CURRENT FISCAL YEAR. THEREFORE, THE ACADEMY HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ACADEMY HAS ALSO BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ACADEMY, WHICH IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. ACCORDINGLY, CONTRIBUTIONS TO THE ACADEMY ARE TAX DEDUCTIBLE WITHIN THE LIMITATIONS PRESCRIBED BY THE CODE. THE ACADEMY APPLIES THE PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FASB ASC TOPIC 740 ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. THE ACADEMY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3YES, THE SCHOOL MAKES IT CLEAR IN ALL ADVERTISING AND ENROLLMENT LITERATURE THAT THE SCHOOL DOES NOT DISCRIMINATE IN ANY WAY. THE SCHOOL IS A CAMPUS-WIDE TITLE I SCHOOL AND IS PROHIBITED BY LAW FROM DISCRIMINATING. THIS INFORMATION IS AVAILABLE IN SCHOOL ENROLLMENT LITERATURE AND ON THE WEBSITE.
SCHEDULE E, PART I, LINE 6AS A PUBLIC SCHOOL, ACA RECEIVES MOST OF ITS OPERATING REVENUE FROM GOVERNMENTAL AGENCIES, PRIMARILY THE STATE OF TEXAS.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
POTTSBORO HIGHER EDUCATION FINANCE CORPORATION
A464641562738222AA62016-02-01$10,725,000FACILITIES CONSTRUCTION000
POTTSBORO HIGHER EDUCATION FINANCE CORPORATION
B464641562738222AC22016-02-01$405,000FACILITIES CONSTRUCTION000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCdRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A000Yes (1)
B000Yes (1)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A0000000
B0000000

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A00Yes (1)000000
B00Yes (1)000000

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
A0
B0

Schedule M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990Amt
Yes (X)VARIOUS ACTIVITIES1$30,000
Yes (X)GIFT BASKETS3$1,055
Yes (X)FITBIT SENSIA1$199
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationPART I, COLUMN (B) NOTATES THE NUMBER OF CONTRIBUTIONS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE FULL BOARD REVIEWS AND APPROVES THE FORM 990 AND A MOTION IS THEN PUT FORTH AUTHORIZING THE FORM 990 TO BE SIGNED BY THE BOARD PRESIDENT AND FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CALL BOARD MEMBERS COMPLETE A QUESTIONNAIRE ANNUALLY.
FORM 990, PART VI, SECTION C, LINE 19ALL DOCUMENTS ARE AVAILABLE ON-DEMAND OR ON THE WEBSITE.
FORM 990, PART IX, LINE 11GCONTRACT LABOR: PROGRAM SERVICE EXPENSES 873,296. MANAGEMENT AND GENERAL EXPENSES 532,236. FUNDRAISING EXPENSES 43,631. TOTAL EXPENSES 1,449,163. CONSULTING: PROGRAM SERVICE EXPENSES 41,827. MANAGEMENT AND GENERAL EXPENSES 54,554. FUNDRAISING EXPENSES 2,090. TOTAL EXPENSES 98,471.
FORM 990, PART XII, LINE 2CARISTOI CLASSICAL ACADEMY HAS A BUDGET AND FINANCE COMMITTEE THAT CONSISTS OF THE BOARD PRESIDENT, BOARD TREASURER, SUPERINTENDENT AND BUSINESS MANAGER. THE BUDGET COMMITTEE REVIEWS THE AUDIT. THE FULL BOARD REVIEWS AND APPROVES THE AUDIT, AND SELECTS THE INDEPENDENT ACCOUNTANT.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.