PETRA ACADEMY INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- PETRA ACADEMY INC (EIN 81-0503427)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-02-19
- IRS object ID
- 201440509349300829
- 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 | 2014-02-19T13:04:44-08:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGUIRE & ASSOCIATES | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| 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 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 810503427 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PETRA ACADEMY INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PETR | NameControl |
| Phone | 4065828165 | Phone |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GREG GIANFORTE | Name |
| Title | CHAIRMAN | Title |
| Phone | 4065828165 | Phone |
| Date Signed | 2013-10-23 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JACQUELINE MCGUIRE | Name |
| Phone | 4065873333 | Phone |
| Self Employed | X | SelfEmployed |
| 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 | GREG GIANFORTE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| 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 | 1243462 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | petraacademy.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2000 | YearFormation |
| State Legal Domicile | MT | StateLegalDomicile |
| Activity Or Mission Description | To provide an academically challenging, classical education to 150+ students, grades K-12. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 6 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 6 | NbrIndependentVotingMembers |
| Total Nbr Employees | 38 | TotalNbrEmployees |
| Total Nbr Volunteers | 25 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 4022897 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 446297 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 536215 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 784047 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 641 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3085 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -3636 | OtherRevenuePriorYear |
| Other Revenue Current Year | 4039 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4556117 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1237468 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 671315 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 746048 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 150 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 472570 | OtherExpensePriorYear |
| Other Expenses Current Year | 454349 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1143885 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1200397 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3412232 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 37071 | RevenuesLessExpensesCY |
| Total Assets BOY | 8806933 | TotalAssetsBOY |
| Total Assets EOY | 8839602 | TotalAssetsEOY |
| Total Liabilities BOY | 256169 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 248842 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 8550764 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 8590760 | NetAssetsOrFundBalancesEOY |
| Mission Description | To provide an academically challenging, classical education to | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 1012254 | Expense |
| Revenue | 787132 | Revenue |
| Description | TO PROVIDE AN ACADEMICALLY CHALLENGING, CLASSICAL EDUCATION TO 150+ STUDENTS, GRADES K-12. | Description |
| Total Program Service Expense | 1012254 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | 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 | false | 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 | true | 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 | false | TaxExemptBonds |
| 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 | 7 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 38 | 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 | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 6 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 6 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | 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 | false | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | false | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | false | RegularMonitoringEnforcement |
| Whistleblower Policy | false | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | TODD HICKS | NamePerson |
| Telephone Number | 4065828165 | TelephoneNumber |
Address US AddressUS
| 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 Form990PartVIISectionA (6 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| GREG GIANFORTE | ||||||
| Chairman | 2.00 | X | X | 0 | 0 | 0 |
| STEVE MAYVILLE | ||||||
| Vice Chair | 1.00 | X | X | 0 | 0 | 0 |
| LAEF OLSON | ||||||
| Sec./Treas. | 1.00 | X | X | 0 | 0 | 0 |
| SHANNON UNGERSMAN | ||||||
| Parent Rep. | 1.00 | X | 0 | 0 | 0 | |
| CHAD LAIRD | ||||||
| Board of Director | 1.00 | X | 0 | 0 | 0 | |
| TODD HICKS | ||||||
| Headmaster | 40.00 | X | 56472 | 0 | 6036 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 56472 | TotalReportableCompFromOrg |
| Total Other Compensation | 6036 | TotalOtherCompensation |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| Fundraising Events | 54618 | FundraisingEvents |
| All Other Contributions | 391679 | AllOtherContributions |
| Total Contributions | 446297 | TotalContributions |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 784047 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 784047 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3085 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 10033 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 54618 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 5994 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4039 | TotalRevenueColumn |
| Exclusion | $4,039 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1237468 | TotalRevenueColumn |
| Related Or Exempt Function Income | 787132 | RelatedOrExemptFunctionIncome |
| Exclusion | $4,039 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66036 | Total |
| Program Services | 49527 | ProgramServices |
| Management And General | 16509 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 574374 | Total |
| Program Services | 430780 | ProgramServices |
| Management And General | 143594 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 58873 | Total |
| Program Services | 44155 | ProgramServices |
| Management And General | 14718 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46765 | Total |
| Program Services | 35074 | ProgramServices |
| Management And General | 11691 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9050 | Total |
| Program Services | 9050 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1595 | Total |
| Program Services | 1445 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 150 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1994 | Total |
| Program Services | 1894 | ProgramServices |
| Management And General | 100 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12848 | Total |
| Program Services | 12848 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66553 | Total |
| Program Services | 66553 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6489 | Total |
| Program Services | 6489 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 781 | Total |
| Program Services | 781 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 236932 | Total |
| Program Services | 236932 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13229 | Total |
| Program Services | 13229 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Books | 15973 | 15973 | 0 | 0 |
| CTP/SAT Scoring | 2073 | 2073 | 0 | 0 |
| Supplies | 16466 | 16466 | 0 | 0 |
| Staff Tuition Discount | 55647 | 55647 | 0 | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14719 | Total |
| Program Services | 13338 | ProgramServices |
| Management And General | 1381 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1200397 | Total |
| Program Services | 1012254 | ProgramServices |
| Management And General | 187993 | ManagementAndGeneral |
| Fundraising | 150 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 90844 | BOY |
| EOY | 76299 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 81590 | BOY |
| EOY | 51625 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5107 | BOY |
| EOY | 2980 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 9087679 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 425527 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8603425 | BOY |
| EOY | 8662152 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25967 | BOY |
| EOY | 46546 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8806933 | BOY |
| EOY | 8839602 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 78502 | BOY |
| EOY | 74914 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 80967 | BOY |
| EOY | 84927 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 96700 | BOY |
| EOY | 89001 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 256169 | BOY |
| EOY | 248842 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8603425 | BOY |
| EOY | 8662152 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -52661 | BOY |
| EOY | -71392 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8550764 | BOY |
| EOY | 8590760 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8806933 | BOY |
| EOY | 8839602 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 37071 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 1594 | ReconciliationUnrealizedInvest |
| Reconcilation Donated Services | 1414 | ReconcilationDonatedServices |
| Reconcilation Prior Adjustment | 5 | ReconcilationPriorAdjustment |
| Reconcilation Other Changes | -88 | ReconcilationOtherChanges |
| 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 | false | FederalGrantAuditRequired |
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 B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 686625 | OtherCostOrOtherBasis |
| Book Value | 686625 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8271205 | OtherCostOrOtherBasis |
| Depreciation | 381280 | Depreciation |
| Book Value | 7889925 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 119849 | OtherCostOrOtherBasis |
| Depreciation | 44247 | Depreciation |
| Book Value | 75602 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10000 | OtherCostOrOtherBasis |
| Book Value | 10000 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 8662152 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Unearned Lease Income | Description |
| Amount | $89,001 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 89001 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 1246472 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1594 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 1414 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 5994 | OtherRevenues |
| Revenue Not Rptd F990 | 9002 | RevenueNotRptdF990 |
| Revenue Subtotal | 1237470 | RevenueSubtotal |
| Other Revenues Not Included | -2 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -2 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 1237468 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1206391 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 5994 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 5994 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1200397 | ExpensesSubtotal |
| Total Expenses Per Form990 | 1200397 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 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 XI Line 4b | Rounding |
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 | false | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Line 3 | Identifier |
| Explanation | ALL APPLICANTS ARE ASKED TO AFFIRM READING OF PETRA'S PARENT- STUDENT HANDBOOK WHERE THEIR NONDISCRIMINATORY POLICY IS CLEARLY STATED. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Play | NameOfEvent1 |
| Gross Receipts Event1 | 39701 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 29668 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 10033 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 5734 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Spell-a-thon | NameOfEvent2 |
| Gross Receipts Event2 | 25203 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 25203 | CharitableContributionsEvent2 |
| Other Direct Expenses Event2 | 260 | OtherDirectExpensesEvent2 |
| Gross Receipts Total | 64904 | GrossReceiptsTotal |
| Charitable Contributions Total | 54871 | CharitableContributionsTotal |
| Gross Revenue Total Events | 10033 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 5994 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 5994 | DirectExpenseSummaryEvents |
| Net Income Summary | 4039 | NetIncomeSummary |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (31 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt VI, Line 15b | Petra's Board approves modest pay increases and employees receive comparable |
| compensation to educational institutions in Petra's area. | |
| Pt VI, Line 19 | Petra's Parent-Student Handbook is read by all school families |
| and contains governing policies; by-laws & financial | |
| statements are available upon request. | |
| Pt VI, Line 8b | There are no committees authorized to act on behalf of the |
| governing body. | |
| Petra's by-laws give the Petra Board of Directors the responsibility | |
| for oversight for all the business of the school, including compilation | |
| (or audit) of its financial statements and selection of an independent accountant. | |
| The headmaster is charged to administer the day to day operations of the school including | |
| these functions. The headmaster works with the bookkeeper and independent | |
| accountant to compile financial statements. The headmaster is responsible | |
| to present monthly financial statements to the Board for their approval. | |
| The headmaster submits an annual budget for the Board's approval, in June, | |
| before the beginning of a new fiscal year. Similarly, the | |
| headmaster investigates and negotiates contracting an independent accountant and | |
| 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, |
| the headmaster makes copies for all four Board Members and submits | |
| it to them for their approval before filing the form. | |
| Pt VI, Line 2 | Chairman Greg Gianforte is a shareholder of Oracle RightNow, |
| (formerly RightNow Technologies) and Board Member Laef Olson is an employee at | |
| Oracle RightNow. | |
| Pt VI, Line 15a | The headmaster's salary is annually reviewed by the Board. |
| The original salary was set several years ago by comparing | |
| Form 990, Part IX, Line 24f | DUES & SUBSCRIPTIONS 1289. 1289. TAXES AND LICENSES 6434. 6434. MISCELLANEOUS 977. 977. UNEMPLOYMENT INSURANCE 1623. 1217. 406. WORKER'S COMP INSURANCE 3901. 2926. 975. BANK CHARGES 495. 495. |
| it to other salaries across Classical Christian schools. | |
| Since then the headmaster receives a performance review annually | |
| and is given raises accordingly. | |
| Pt XI | Payroll liability adjustment not reported on audit. |
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