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ARISTOI CLASSICAL ACADEMY INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
ARISTOI CLASSICAL ACADEMY INC (EIN 76-0495959)
Tax period
2019-09-01 to 2020-08-31
Filed
2021-05-25
IRS object ID
202101459349301365
Schema version
2019v5.2
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)
Return2021-05-25T16:52:13-05:00ReturnTs
Tax Period End2020-08-31TaxPeriodEndDt

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 Line1600 GULF FREEWAY STE 226AddressLine1Txt
CityTEXAS CITYCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77591ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-09-01TaxPeriodBeginDt

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 Line15618 ELEVENTH STREETAddressLine1Txt
CityKATYCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77493ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLUCINA BOTONDPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2813915003PhoneNum
Signature2021-04-30SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLYDIA INABA COOKPreparerPersonNm
PTINP01252610PTIN
Phone4099484406PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLUCINA BOTONDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15618 ELEVENTH STREETAddressLine1Txt
CityKATYCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77493ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$9,467,882GrossReceiptsAmt
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 Employee166TotalEmployeeCnt
Total Volunteers44TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$319,164PYContributionsGrantsAmt
CY Contributions Grants$150,772CYContributionsGrantsAmt
PY Program Service Revenue$8,420,617PYProgramServiceRevenueAmt
CY Program Service Revenue$9,292,135CYProgramServiceRevenueAmt
PY Investment Income$42,128PYInvestmentIncomeAmt
CY Investment Income$24,975CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$8,781,909PYTotalRevenueAmt
CY Total Revenue$9,467,882CYTotalRevenueAmt
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$4,148,067PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$4,915,471CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$278,437CYTotalFundraisingExpenseAmt
PY Other Expenses$3,642,654PYOtherExpensesAmt
CY Other Expenses$4,232,413CYOtherExpensesAmt
PY Total Expenses$7,790,721PYTotalExpensesAmt
CY Total Expenses$9,147,884CYTotalExpensesAmt
PY Revenues Less Expenses$991,188PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$319,998CYRevenuesLessExpensesAmt
Total Assets BOY$16,498,888TotalAssetsBOYAmt
Total Assets EOY$18,008,815TotalAssetsEOYAmt
Total Liabilities BOY$11,020,598TotalLiabilitiesBOYAmt
Total Liabilities EOY$12,210,527TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,478,290NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,798,288NetAssetsOrFundBalancesEOYAmt
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$5,957,449ExpenseAmt
Revenue$9,292,335RevenueAmt
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$5,957,449TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
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 LiabilitiesYes (1)ReportOtherLiabilitiesInd
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 MemYes (1)BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
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 Document23IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee166EmployeeCnt
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
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 Line15618 ELEVENTH STREETAddressLine1Txt
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 CompensationOtherCompensationAmt
LUCINA BOTOND
BOARD PRESIDENT8.00Yes (X)Yes (X)$0$0$0
ANDY HOVIS
BOARD MEMBER2.00Yes (X)$0$0$0
GARY FERGUSON
BOARD MEMBER2.50Yes (X)$0$0$0
JULIE CRAIG
BOARD SECRETARY2.00Yes (X)Yes (X)$49,388$0$3,837
ADRIANA COX
BOARD TREASURER5.00Yes (X)Yes (X)$0$0$0
RICHARD WILLIAMS
BOARD VICE PRESIDENT2.00Yes (X)Yes (X)$0$0$0
BRENDA DAVIDSON
SUPERINTENDENT40.00Yes (X)$88,180$0$11,358
FieldValueIRS element (for citing)
Total Reportable Comp From Org$137,568TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$15,195TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
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
13918 SAINT MARYS LANEHOUSTONTX77079SPECIAL EDUCATION$113,345
SPECIALIZED ASSESSMENT CONSULTING LLC
11301 FALLBROOK SUITE 220HOUSTONTX77065SPECIAL EDUCATION$111,824
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
All Other Contributions$150,772AllOtherContributionsAmt
Total Contributions$150,772TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
STATE REVENUE611110$8,534,532$8,534,532
IDEA PART B611110$474,149$474,149
FOOD SERVICE611110$153,271$153,271
ESEA TITLE I, II, III611110$68,728$68,728
TITLE IV, PART A, SUBP611110$42,794$42,794

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$18,661TotalRevenueColumnAmt
Related Or Exempt Func Income$18,661RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$9,292,135TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$24,775TotalRevenueColumnAmt
Exclusion$24,775ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$200OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$0OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$200OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$200TotalRevenueColumnAmt
Related Or Exempt Func Income$200RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,467,882TotalRevenueColumnAmt
Related Or Exempt Func Income$9,292,335RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$24,775ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$4,915,471TotalAmt
Program Services$3,932,377ProgramServicesAmt
Management And General$884,785ManagementAndGeneralAmt
Fundraising$98,309FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$962,846TotalAmt
Program Services$144,427ProgramServicesAmt
Management And General$808,791ManagementAndGeneralAmt
Fundraising$9,628FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,854TotalAmt
Program Services$2,454ProgramServicesAmt
Management And General$342ManagementAndGeneralAmt
Fundraising$58FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$349,348TotalAmt
Program Services$52,402ProgramServicesAmt
Management And General$293,452ManagementAndGeneralAmt
Fundraising$3,494FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
DEBT SERVICES$847,620$847,620
SCHOOL LEADERSHIP$680,946$544,757$122,570$13,619
GENERAL ADMINISTRATION$435,039$65,256$365,433$4,350
FOOD SERVICES$239,513$79,039$155,683$4,791

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$714,247TotalAmt
Program Services$289,117ProgramServicesAmt
Management And General$280,942ManagementAndGeneralAmt
Fundraising$144,188FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$9,147,884TotalAmt
Program Services$5,957,449ProgramServicesAmt
Management And General$2,911,998ManagementAndGeneralAmt
Fundraising$278,437FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,918,759BOYAmt
EOY$4,541,276EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,440,179BOYAmt
EOY$1,532,480EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$851,026BOYAmt
EOY$927,888EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$322BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$9,700BOYAmt
EOY$9,700EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$13,197,106LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,199,635LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$11,278,902BOYAmt
EOY$10,997,471EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$16,498,888BOYAmt
EOY$18,008,815EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$624,926BOYAmt
EOY$884,437EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$10,395,672BOYAmt
EOY$10,291,742EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,034,348EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$11,020,598BOYAmt
EOY$12,210,527EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,609,394BOYAmt
EOY$1,784,941EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,868,896BOYAmt
EOY$4,013,347EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,478,290BOYAmt
EOY$5,798,288EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$16,498,888BOYAmt
EOY$18,008,815EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$319,998ReconcilationRevenueExpnssAmt
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 D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$3,805,756InvestmentCostOrOtherBasisAmt
Book Value$3,805,756BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$9,120,013InvestmentCostOrOtherBasisAmt
Depreciation$2,030,833DepreciationAmt
Book Value$7,089,180BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$250,193InvestmentCostOrOtherBasisAmt
Depreciation$161,484DepreciationAmt
Book Value$88,709BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$21,144InvestmentCostOrOtherBasisAmt
Depreciation$7,318DepreciationAmt
Book Value$13,826BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$10,997,471TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescPAYCHECK PROTECTION PROGRAM LOANDesc
Amt$1,034,348Amt
FieldValueIRS element (for citing)
Total Liability$1,034,348TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$9,467,882TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$9,467,882RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$9,467,882TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$9,147,884TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$9,147,884ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$9,147,884TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE 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.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 L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

FieldValueIRS element (for citing)
PersonJULIE CRAIGPersonNm
FieldValueIRS element (for citing)
Relationship DescriptionBOARD SECRETARYRelationshipDescriptionTxt
Transaction$49,833TransactionAmt
TransactionARISTOI ACADEMY TEACHERTransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 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 24EDATA PROCESSING SERVICES: PROGRAM SERVICE EXPENSES 62,176. MANAGEMENT AND GENERAL EXPENSES 122,468. FUNDRAISING EXPENSES 3,769. TOTAL EXPENSES 188,413. FUNDRAISING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 132,554. TOTAL EXPENSES 132,554. CURRICULUM / STAFF DEVELOPMENT: PROGRAM SERVICE EXPENSES 70,430. MANAGEMENT AND GENERAL EXPENSES 15,847. FUNDRAISING EXPENSES 1,760. TOTAL EXPENSES 88,037. HEALTH SERVICES: PROGRAM SERVICE EXPENSES 26,283. MANAGEMENT AND GENERAL EXPENSES 51,770. FUNDRAISING EXPENSES 1,593. TOTAL EXPENSES 79,646. INSTRUCTIONAL LEADERSHIP: PROGRAM SERVICE EXPENSES 62,291. MANAGEMENT AND GENERAL EXPENSES 14,016. FUNDRAISING EXPENSES 1,557. TOTAL EXPENSES 77,864. GUIDANCE COUNSELING & EVALUATION SERVICES: PROGRAM SERVICE EXPENSES 25,602. MANAGEMENT AND GENERAL EXPENSES 50,428. FUNDRAISING EXPENSES 1,552. TOTAL EXPENSES 77,582. SECURITY AND MONITORING SERVICES: PROGRAM SERVICE EXPENSES 11,023. MANAGEMENT AND GENERAL EXPENSES 21,713. FUNDRAISING EXPENSES 668. TOTAL EXPENSES 33,404. EXTRACURRICULAR ACTIVITIES: PROGRAM SERVICE EXPENSES 27,442. MANAGEMENT AND GENERAL EXPENSES 3,829. FUNDRAISING EXPENSES 638. TOTAL EXPENSES 31,909. INSTRUCTIONAL RESOURCES AND MEDIA SERVICES: PROGRAM SERVICE EXPENSES 3,870. MANAGEMENT AND GENERAL EXPENSES 871. FUNDRAISING EXPENSES 97. TOTAL EXPENSES 4,838.
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 THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
FORM 990, PART X, LINE 25THE ACADEMY WAS GRANTED A $1,034,348 LOAN UNDER THE PAYCHECK PROTECTION PROGRAM ("PPP") ADMINISTERED BY A SMALL BUSINESS ADMINISTRATION (SBA) APPROVED PARTNER. THE LOAN IS UNCOLLATERALIZED AND IS FULLY GRANTED BY THE FEDERAL GOVERNMENT. THE ACADEMY IS ELIGIBLE FOR LOAN FORGIVENESS OF UP TO 100% OF THE LOAN, UPON MEETING CERTAIN REQUIREMENTS.

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