PETRA ACADEMY INC: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- PETRA ACADEMY INC (EIN 81-0503427)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2015-01-22
- IRS object ID
- 201530229349300423
- Schema version
- 2013v4.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-01-22T08:04:41-08:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGUIRE & ASSOCIATES | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 N Willson Ste 3008 | AddressLine1 |
| City | Bozeman | City |
| State | MT | State |
| ZIP Code | 597156050 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 810503427 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Petra Academy Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PETR | BusinessNameControlTxt |
| Phone | 4065828165 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4720 Classical Way | AddressLine1 |
| City | Bozeman | City |
| State | MT | State |
| ZIP Code | 59718 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GREG GIANFORTE | PersonNm |
| Person Title | CHAIRMAN | PersonTitleTxt |
| Phone | 4065828165 | PhoneNum |
| Signature | 2014-10-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JACQUELINE MCGUIRE | PreparerPersonNm |
| Phone | 4065873333 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | GREG GIANFORTE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4720 Classical Way | AddressLine1 |
| City | Bozeman | City |
| State | MT | State |
| ZIP Code | 59718 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,889,322 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | petraacademy.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2000 | FormationYr |
| Legal Domicile State | MT | LegalDomicileStateCd |
| Activity Or Mission | To provide an academically challenging, classical education to 180+ students, grades K-12. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 43 | TotalEmployeeCnt |
| Total Volunteers | 15 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $446,297 | PYContributionsGrantsAmt |
| CY Contributions Grants | $943,941 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $784,047 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $934,538 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,085 | PYInvestmentIncomeAmt |
| CY Investment Income | $843 | CYInvestmentIncomeAmt |
| PY Other Revenue | $4,039 | PYOtherRevenueAmt |
| CY Other Revenue | $6,903 | CYOtherRevenueAmt |
| PY Total Revenue | $1,237,468 | PYTotalRevenueAmt |
| CY Total Revenue | $1,886,225 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $746,048 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $843,435 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $454,349 | PYOtherExpensesAmt |
| CY Other Expenses | $550,076 | CYOtherExpensesAmt |
| PY Total Expenses | $1,200,397 | PYTotalExpensesAmt |
| CY Total Expenses | $1,393,511 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $37,071 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $492,714 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $8,839,602 | TotalAssetsBOYAmt |
| Total Assets EOY | $9,314,433 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $248,842 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $226,360 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $8,590,760 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $9,088,073 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To provide an academically challenging, classical education to 180+ | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $1,180,703 | ExpenseAmt |
| Revenue | $935,381 | RevenueAmt |
| Desc | TO PROVIDE AN ACADEMICALLY CHALLENGING, CLASSICAL EDUCATION TO 180+ STUDENTS, GRADES K-12. | Desc |
| Total Program Service Expenses | $1,180,703 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 3 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 43 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | false | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | false | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | false | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SAM KOENEN | PersonNm |
| Phone | 4065828165 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4720 Classical Way | AddressLine1 |
| City | Bozeman | City |
| State | MT | State |
| ZIP Code | 59718 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| GREG GIANFORTE | ||||||
| Chairman | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| STEVE MAYVILLE | ||||||
| Vice Chair | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| LAEF OLSON | ||||||
| Sec./Treas. | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| SHANNON UNGERSMAN | ||||||
| Parent Rep. | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CHAD LAIRD | ||||||
| Board of Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TODD HICKS | ||||||
| Headmaster | 40.00 | Yes (X) | $57,128 | $0 | $3,511 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $57,128 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $3,511 | TotalOtherCompensationAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Fundraising | $51,726 | FundraisingAmt |
| All Other Contributions | $892,215 | AllOtherContributionsAmt |
| Noncash Contributions | $997 | NoncashContributionsAmt |
| Total Contributions | $943,941 | TotalContributionsAmt |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $934,538 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $934,538 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $843 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $10,000 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $51,726 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $3,097 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,903 | TotalRevenueColumnAmt |
| Exclusion | $6,903 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,886,225 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $935,381 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $6,903 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,511 | TotalAmt |
| Program Services | $49,133 | ProgramServicesAmt |
| Management And General | $16,378 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $660,568 | TotalAmt |
| Program Services | $495,426 | ProgramServicesAmt |
| Management And General | $165,142 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,720 | TotalAmt |
| Program Services | $47,790 | ProgramServicesAmt |
| Management And General | $15,930 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,636 | TotalAmt |
| Program Services | $40,227 | ProgramServicesAmt |
| Management And General | $13,409 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,870 | TotalAmt |
| Program Services | $8,870 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,628 | TotalAmt |
| Program Services | $1,628 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,188 | TotalAmt |
| Program Services | $3,029 | ProgramServicesAmt |
| Management And General | $159 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,049 | TotalAmt |
| Program Services | $8,049 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,129 | TotalAmt |
| Program Services | $79,129 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $608 | TotalAmt |
| Program Services | $608 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $308,340 | TotalAmt |
| Program Services | $308,340 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,694 | TotalAmt |
| Program Services | $13,694 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Books | $20,335 | $20,335 | $0 | $0 |
| CTP/SAT Scoring | $2,371 | $2,371 | $0 | $0 |
| Supplies | $14,526 | $14,526 | $0 | $0 |
| Staff Tuition Discount | $69,163 | $69,163 | $0 | $0 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,175 | TotalAmt |
| Program Services | $18,385 | ProgramServicesAmt |
| Management And General | $1,790 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,393,511 | TotalAmt |
| Program Services | $1,180,703 | ProgramServicesAmt |
| Management And General | $212,808 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,299 | BOYAmt |
| EOY | $51,100 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,625 | BOYAmt |
| EOY | $92,124 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,980 | BOYAmt |
| EOY | $30,222 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $9,851,302 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $733,867 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,662,152 | BOYAmt |
| EOY | $9,117,435 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,546 | BOYAmt |
| EOY | $23,552 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,839,602 | BOYAmt |
| EOY | $9,314,433 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,914 | BOYAmt |
| EOY | $54,605 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,927 | BOYAmt |
| EOY | $91,655 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $89,001 | BOYAmt |
| EOY | $80,100 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $248,842 | BOYAmt |
| EOY | $226,360 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,662,152 | BOYAmt |
| EOY | $9,117,435 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$71,392 | BOYAmt |
| EOY | -$29,362 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,590,760 | BOYAmt |
| EOY | $9,088,073 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,839,602 | BOYAmt |
| EOY | $9,314,433 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $492,714 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $4,512 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | $88 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$1 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
| Public Support Total170 | $0 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY170 | 0 | PublicSupportCY170Pct |
| Public Support Total509 | $0 | PublicSupportTotal509Amt |
| Public Support CY509 | 0 | PublicSupportCY509Pct |
| Investment Income CY | 0 | InvestmentIncomeCYPct |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $686,625 | OtherCostOrOtherBasisAmt |
| Book Value | $686,625 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,061,509 | OtherCostOrOtherBasisAmt |
| Depreciation | $676,237 | DepreciationAmt |
| Book Value | $8,385,272 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $93,168 | OtherCostOrOtherBasisAmt |
| Depreciation | $57,630 | DepreciationAmt |
| Book Value | $35,538 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,000 | OtherCostOrOtherBasisAmt |
| Book Value | $10,000 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $9,117,435 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Unearned Lease Income | Desc |
| Amt | $80,100 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $80,100 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $1,894,334 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $4,512 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $500 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $3,097 | OtherRevenueAmt |
| Revenue Not Reported | $8,109 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,886,225 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $1,886,225 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,397,107 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $500 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $3,097 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $3,597 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,393,510 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,393,511 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt XII Line 2d | Audit fundraising expenses netted with income on tax return. |
| Pt XI Line 2d | Audit fundraising expenses netted with income on tax return. |
| Pt XII Line 4b | Rounding |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | false | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Line 3 | FormAndLineReferenceDesc |
| Explanation | ALL APPLICANTS ARE ASKED TO AFFIRM READING OF PETRA'S PARENT- STUDENT HANDBOOK WHERE THEIR NONDISCRIMINATORY POLICY IS CLEARLY STATED. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Play | NameOfEvent1Amt |
| Gross Receipts Event1 | $42,175 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $32,175 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $10,000 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $1,008 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $151 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $1,843 | OtherDirectExpensesEvent1Amt |
| Name Of Event2 | Spell-a-thon | NameOfEvent2Amt |
| Gross Receipts Event2 | $19,551 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $19,551 | CharitableContriEvent2Amt |
| Rent Facility Costs Event2 | $70 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $8 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $17 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $61,726 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $51,726 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $10,000 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $1,078 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $159 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $1,860 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $3,097 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $6,903 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (32 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt VI, Line 15b | Petra's Board approves modest pay increases and employees receive comparable |
| Pt VI, Line 15b | compensation to educational institutions in Petra's area. |
| Pt VI, Line 19 | Petra's Parent-Student Handbook is read by all school families |
| Pt VI, Line 19 | and contains governing policies; by-laws & financial |
| Pt VI, Line 19 | statements are available upon request. |
| Pt VI, Line 8b | There are no committees authorized to act on behalf of the |
| Pt VI, Line 8b | governing body. |
| Pt VI, Line 8b | Petra's by-laws give the Petra Board of Directors the responsibility |
| Pt VI, Line 8b | for oversight for all the business of the school, including compilation |
| Pt VI, Line 8b | (or audit) of its financial statements and selection of an independent accountant. |
| Pt VI, Line 8b | The headmaster is charged to administer the day to day operations of the school including |
| Pt VI, Line 8b | these functions. The headmaster works with the bookkeeper and independent |
| Pt VI, Line 8b | accountant to compile financial statements. The headmaster is responsible |
| Pt VI, Line 8b | to present monthly financial statements to the Board for their approval. |
| Pt VI, Line 8b | The headmaster submits an annual budget for the Board's approval, in June, |
| Pt VI, Line 8b | before the beginning of a new fiscal year. Similarly, the |
| Pt VI, Line 8b | headmaster investigates and negotiates contracting an independent accountant and |
| Pt VI, Line 8b | then submits the proposal to the Board of Directors for their approval. |
| Pt VI, Line 11b | Once the Form 990 is prepared for filing by the independent accountant, |
| Pt VI, Line 11b | the headmaster makes copies for all four Board Members and submits |
| Pt VI, Line 11b | it to them for their approval before filing the form. |
| Pt VI, Line 2 | Chairman Greg Gianforte is a shareholder of Oracle RightNow, |
| Pt VI, Line 2 | (formerly RightNow Technologies) and Board Member Laef Olson is an employee at |
| Pt VI, Line 2 | Oracle RightNow. |
| Pt VI, Line 15a | The headmaster's salary is annually reviewed by the Board. |
| Pt VI, Line 15a | The original salary was set several years ago by comparing |
| Form 990, Part IX, Line 24f | DUES & SUBSCRIPTIONS 1603. 1603. TAXES AND LICENSES 6748. 6748. MISCELLANEOUS 437. 437. UNEMPLOYMENT INSURANCE 1757. 1318. 439. WORKER'S COMP INSURANCE 5403. 4052. 1351. BANK CHARGES 556. 556. TRAINING 3671. 3671. |
| Pt VI, Line 15a | it to other salaries across Classical Christian schools. |
| Pt VI, Line 15a | Since then the headmaster receives a performance review annually |
| Pt VI, Line 15a | and is given raises accordingly. |
| Pt XI | Payroll liability adjustment not reported on the prior year audit. |
| Pt XI | Rounding adjustment. |
Comments