JUBILEE ACADEMIC CENTER INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- JUBILEE ACADEMIC CENTER INC (EIN 74-2939346)
- Tax period
- 2012-09-01 to 2013-08-31
- Filed
- 2014-07-14
- IRS object ID
- 201411959349301801
- Schema version
- 2012v2.0
- 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) |
|---|---|---|
| Timestamp | 2014-07-14T14:57:08-07:00 | Timestamp |
| Tax Period End Date | 2013-08-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN M SABATINO CPA PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16350 BLANCO RD STE 101 | AddressLine1 |
| City | SAN ANTONIO | City |
| State | TX | State |
| ZIP Code | 78232 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-09-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 742939346 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JUBILEE ACADEMIC CENTER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | JUBI | NameControl |
| Phone | 2103336227 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4434 ROLAND ROAD | AddressLine1 |
| City | SAN ANTONIO | City |
| State | TX | State |
| ZIP Code | 782222830 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | THOMAS J KOGER | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 2103336227 | Phone |
| Date Signed | 2014-06-30 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN M SABATINO CPA | Name |
| Phone | 2107351558 | Phone |
| Date Prepared | 2014-07-14 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | THOMAS J KOGER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4434 ROLAND RD | AddressLine1 |
| City | SAN ANTONIO | City |
| State | TX | State |
| ZIP Code | 78222 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 20704918 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2001 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | Established to operate as a Public Charter School | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 3 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 2 | NbrIndependentVotingMembers |
| Total Nbr Employees | 484 | TotalNbrEmployees |
| Total Nbr Volunteers | 75 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 15297719 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 19702139 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 461614 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 998519 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3801 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4200 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 60 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 15763134 | TotalRevenuePriorYear |
| Total Revenue Current Year | 20704918 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 10688561 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 13237023 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4707823 | OtherExpensePriorYear |
| Other Expenses Current Year | 5967017 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 15396384 | TotalExpensesPriorYear |
| Total Expenses Current Year | 19204040 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 366750 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1500878 | RevenuesLessExpensesCY |
| Total Assets BOY | 7860691 | TotalAssetsBOY |
| Total Assets EOY | 9902481 | TotalAssetsEOY |
| Total Liabilities BOY | 5070165 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 5611077 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2790526 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 4291404 | NetAssetsOrFundBalancesEOY |
| Mission Description | Established to operate as a Public Charter School | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 15066906 | Expense |
| Grants | 17872121 | Grants |
| Revenue | 17872121 | Revenue |
| Description | TEXAS EDUCATION AGENCY | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1049264 | Expense |
| Grants | 823305 | Grants |
| Revenue | 823305 | Revenue |
| Description | U S DEPARTMENT OF EDUCATION | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1151632 | Expense |
| Grants | 1008450 | Grants |
| Revenue | 1008450 | Revenue |
| Description | U S DEPARTMENT OF AGRICULTURE | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 17267802 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | false | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 54 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 484 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 3 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 2 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | true | LocalChapters |
| Policies Reference Chapters | true | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | TX | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | THOMAS J KOGER | NamePerson |
| Telephone Number | 2103336227 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4434 ROLAND ROAD | AddressLine1 |
| City | SAN ANTONIO | City |
| State | TX | State |
| ZIP Code | 78222 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (22 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Key EmployeeKeyEmployee | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee | Institutional TrusteeInstitutionalTrustee |
|---|---|---|---|---|---|---|---|---|---|
| THOMAS J KOGER | |||||||||
| Board President | 10.00 | X | X | X | 0 | 0 | 0 | ||
| JERRY HOADLEY | |||||||||
| Board Member | 5.00 | X | 0 | 0 | 0 | ||||
| ROBERT ANGUIANO JR | |||||||||
| Board Member | 5.00 | X | 0 | 0 | 0 | ||||
| DANIEL G AMADOR | |||||||||
| Superintendent | 50.00 | X | 123460 | 0 | 0 | X | |||
| THOMAS J KOGER | |||||||||
| Director | 50.00 | X | X | X | 119981 | 0 | 0 | X | |
| RENE GALLEGOS JR | |||||||||
| C F O | 40.00 | X | 100967 | 0 | 0 | ||||
| GEORGE BANDA JR | |||||||||
| Assoc. Superintendent | 40.00 | X | 80077 | 0 | 0 | ||||
| CHERYL D STEWART | |||||||||
| Principal | 40.00 | X | 66471 | 0 | 0 | ||||
| FREDDIE V VASQUEZ | |||||||||
| Math Specialist | 40.00 | X | 65645 | 0 | 0 | ||||
| GENEVA M RICO | |||||||||
| Principal | 40.00 | X | 66912 | 0 | 0 | ||||
| KATHRYN V MOSS | |||||||||
| Principal | 40.00 | X | 62224 | 0 | 0 | ||||
| THOMAS C BALDWIN | |||||||||
| Principal | 40.00 | X | 36381 | 0 | 0 | ||||
| FLOR ROBINSON | |||||||||
| Principal | 40.00 | X | 69811 | 0 | 0 | ||||
| ISRAEL RIOS | |||||||||
| Principal | 40.00 | X | 54018 | 0 | 0 | ||||
| JENNIFER RIVERA | |||||||||
| Principal | 40 | X | 60599 | ||||||
| EVONNE MURILLO | |||||||||
| Principal | 40 | X | 33868 | ||||||
| TRINA CARDENAS | |||||||||
| Principal | 40 | X | 60905 | ||||||
| ANA LIRA | |||||||||
| Principal | 40 | X | 53845 | ||||||
| CINDY SADLER | |||||||||
| Principal | 40 | X | 60212 | ||||||
| MANUEL CANO | |||||||||
| Principal | 40 | X | 34844 | ||||||
| STEVE SOLIS | |||||||||
| Assoc. Director | 40 | X | 52658 | ||||||
| JOHN JACOBSON | |||||||||
| Assoc. Director | 40 | X | 57843 | ||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1260721 | TotalReportableCompFromOrg |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| Government Grants | 19699976 | GovernmentGrants |
| All Other Contributions | 2163 | AllOtherContributions |
| Total Contributions | 19702139 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn |
|---|---|---|
| Food Service Sales | 900099 | 808667 |
| Parent Paid-In | 900099 | 56051 |
| After-School Prog | 900099 | 59650 |
| Athletic Activities | 900099 | 18596 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 55555 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 998519 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4200 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 60 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 60 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 60 | TotalRevenueColumn |
| Related Or Exempt Function Income | 60 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 20704918 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1002779 | RelatedOrExemptFunctionIncome |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 344408 | Total |
| Program Services | 123460 | ProgramServices |
| Management And General | 220948 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12024868 | Total |
| Program Services | 11007834 | ProgramServices |
| Management And General | 1017034 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 183505 | Total |
| Program Services | 133465 | ProgramServices |
| Management And General | 50040 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 424246 | Total |
| Program Services | 393490 | ProgramServices |
| Management And General | 30756 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 259996 | Total |
| Program Services | 239342 | ProgramServices |
| Management And General | 20654 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32364 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 32364 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27825 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 27825 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7015 | Total |
| Program Services | 7015 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1518909 | Total |
| Program Services | 1488456 | ProgramServices |
| Management And General | 30453 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 134817 | Total |
| Program Services | 129335 | ProgramServices |
| Management And General | 5482 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 253668 | Total |
| Program Services | 253668 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 196486 | Total |
| Program Services | 196486 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 59244 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 59244 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Classroom Materials | 113245 | 113245 | 0 | 0 |
| Rental & Lease | 187683 | 187683 | 0 | 0 |
| Misc Outside Services | 1238164 | 985305 | 252859 | 0 |
| Misc Operating Costs | 991545 | 802966 | 188579 | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1206052 | Total |
| Program Services | 1206052 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19204040 | Total |
| Program Services | 17267802 | ProgramServices |
| Management And General | 1936238 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 925272 | BOY |
| EOY | 1480542 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 566462 | BOY |
| EOY | 1319096 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1548500 | BOY |
| EOY | 2193745 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23876 | BOY |
| EOY | 81815 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21363 | BOY |
| EOY | 43444 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 5459240 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 834014 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4609080 | BOY |
| EOY | 4625226 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 166138 | BOY |
| EOY | 158613 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7860691 | BOY |
| EOY | 9902481 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1098960 | BOY |
| EOY | 1702914 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3971205 | BOY |
| EOY | 3669890 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 238273 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5070165 | BOY |
| EOY | 5611077 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2206293 | BOY |
| EOY | 3207335 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 584233 | BOY |
| EOY | 1084069 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2790526 | BOY |
| EOY | 4291404 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7860691 | BOY |
| EOY | 9902481 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1500878 | ReconcilationRevenueExpenses |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
| Public Support Total170 | 0 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Pertcentage170 | 0 | PublicSupportPertcentage170 |
| Public Support Total509 | 0 | PublicSupportTotal509 |
| Public Support Percentage509 | 0 | PublicSupportPercentage509 |
| Investment Income Percentage | 0 | InvestmentIncomePercentage |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 1079566 | InvestmentCostOrOtherBasis |
| Book Value | 1079566 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 3895016 | InvestmentCostOrOtherBasis |
| Depreciation | 834014 | Depreciation |
| Book Value | 3061002 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 378182 | InvestmentCostOrOtherBasis |
| Book Value | 378182 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 106476 | InvestmentCostOrOtherBasis |
| Book Value | 106476 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 4625226 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Cost of Debt Issuance | 153362 |
| Other Assets | 5251 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 158613 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Accrued Interest | $94,171 |
| Other | $63,308 |
| Note Payable | $80,794 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 238273 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 20704918 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 20704918 | RevenueSubtotal |
| Total Revenue Per Form990 | 20704918 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 19204040 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 19204040 | ExpensesSubtotal |
| Total Expenses Per Form990 | 19204040 | TotalExpensesPerForm990 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Line 3 | BROCHURES AND HANDOUTS DURING THE REGISTRATION PERIOD. |
| Line 6b | GOVERNMENT AID HAS NEVER BEEN REVOKED OR SUSPENDED |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAVERNIA HIGHER EDUCATION FINANCE CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 061802520 | IssuerEIN |
| CUSIP Number | NOTISSUED | CUSIPNumber |
| Date Issued | 2008-03-25 | DateIssued |
| Issue Price | 3617000 | IssuePrice |
| Description Of Purpose | Bldg acquisition&reconstruct'n | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Amount Retired | 215500 | AmountRetired |
| Total Proceeds | 3651339 | TotalProceeds |
| Amount In Reserve Fund | 277181 | AmountInReserveFund |
| Capitalized Interest | 3302 | CapitalizedInterest |
| Issuance Costs From Proceeds | 71528 | IssuanceCostsFromProceeds |
| Capital Expenditures | 3290717 | CapitalExpenditures |
| Amount Unspent | 8521 | AmountUnspent |
| Year Of Subst Completion | 2009 | YearOfSubstCompletion |
| Current Refunding | false | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | true | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiled |
| Rebate Not Due Yet | false | RebateNotDueYet |
| Exception To Rebate | false | ExceptionToRebate |
| No Rebate Due | true | NoRebateDue |
| Variable Rate Issue | false | VariableRateIssue |
| Hedge Identified In Books And Recds | false | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | true | GrossProceedsInvested |
| Written Proc To Monitor Reqs | true | WrittenProcToMonitorReqs |
Form990 Schedule K Part VI Form990ScheduleKPartVI (3 entries)
| ExplanationExplanation |
|---|
| Part II line 3--The difference between Part 1(e) and Part II(3) is due to interest earnings on bond proceeds. |
| Part IV line 2c--The rebate computation was performed as of 3/25/2013 |
| Part III line 9, Part IV line 7, Part V--The organization implemented revised procedures shortly after the completion of the reporting period applicable to this form. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (16 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt VI, Line 11b | Form 990 is presented to the Board at an Executive Meeting. |
| Pt VI, Line 12c | Disclosed to the Texas Education Agency annually through |
| the Governance Reporting process. | |
| Pt VI, Line 15b | Executive Board adopts the Budget including the salaries of the |
| CEO and key employees through a comparability study provided | |
| by administrators of similar organizations in the area. | |
| Pt VI, Line 19 | Copies of the Governing Documents, Policies and Financial Statements |
| are available upon request. There is a nominal copying charge. | |
| Pt XI | Beginning Temporarily Restricted Net Assets restated. |
| Pt XI | Rounding |
| Pt VI, Line 15a | Executive Board adopts the Budget including the salaries of the |
| CEO and key employees through a comparability study provided | |
| by administrators of similar organizations in the area. | |
| Form 990EZ, Part II, Line 24 | PREPAIDS INVESTMENTS |
| Form 990EZ, Part II, Line 26 | ACCOUNTS PAYABLE & ACCRUED EXPENSES |
| Form 990, Part IX, Line 24f | GASOLINE 27069. 27069. 0. 0. ROUNDING FOOD SERVICE 1170349. 1170349. 0. 0. SECURITY 8634. 8634. 0. 0. |
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