PETRA ACADEMY INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: PETRA ACADEMY INC (EIN 81-0503427)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2013-02-13
IRS object ID: 201340449349300799
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

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

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule G
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-02-13T13:36:36-08:00	Timestamp
Tax Period End Date	2012-06-30	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	2303 HIGHLAND CT	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	2011-07-01	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	2013-01-21	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	2011	TaxYear
Build TS	2016-02-25 16:41:14Z	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	4567753	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 90-120 students, grades K-12.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	5	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	5	NbrIndependentVotingMembers
Total Nbr Employees	38	TotalNbrEmployees
Total Nbr Volunteers	50	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	5384105	ContributionsGrantsPriorYear
Contributions Grants Current Year	4022897	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	411030	ProgramServiceRevenuePriorYear
Program Service Revenue CY	536215	ProgramServiceRevenueCY
Investment Income Prior Year	472	InvestmentIncomePriorYear
Investment Income Current Year	641	InvestmentIncomeCurrentYear
Other Revenue Prior Year	16921	OtherRevenuePriorYear
Other Revenue Current Year	-3636	OtherRevenueCurrentYear
Total Revenue Prior Year	5812528	TotalRevenuePriorYear
Total Revenue Current Year	4556117	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	639949	SalariesEtcPriorYear
Salaries Etc Current Year	671315	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	51	TotalFundrsngExpCurrentYear
Other Expense Prior Year	254905	OtherExpensePriorYear
Other Expenses Current Year	472570	OtherExpensesCurrentYear
Total Expenses Prior Year	894854	TotalExpensesPriorYear
Total Expenses Current Year	1143885	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	4917674	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	3412232	RevenuesLessExpensesCY
Total Assets BOY	5175940	TotalAssetsBOY
Total Assets EOY	8806933	TotalAssetsEOY
Total Liabilities BOY	38651	TotalLiabilitiesBOY
Total Liabilities EOY	256169	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	5137289	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	8550764	NetAssetsOrFundBalancesEOY
Mission Description	To provide an academically challenging classical education to 90-120 students,	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	973838	Expense
Revenue	536856	Revenue
Description	TO PROVIDE AN ACADEMICALLY CHALLENGING, CLASSICAL EDUCATION TO 90-120 STUDENTS, GRADES K-12.	Description
Total Program Service Expense	973838	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	true	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	true	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	5	NbrVotingGoverningBodyMembers
Number Independent Voting Members	5	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 (5 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	4.00	X	X	0	0	0
STEVE MAYVILLE
Vice Chair	3.00	X	X	0	0	0
LAEF OLSON
Sec./Treas.	3.00	X	X	0	0	0
SHANNON UNGERSMAN
Parent Rep.	3.00	X		0	0	0
TODD HICKS
Headmaster	40.00		X	56687	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	56687	TotalReportableCompFromOrg
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Fundraising Events	35244	FundraisingEvents
All Other Contributions	3987653	AllOtherContributions
Noncash Contributions	8034	NoncashContributions
Total Contributions	4022897	TotalContributions

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	536215	TotalRevenueColumn

Field	Value	IRS element (for citing)
Total Program Service Revenue	536215	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	641	TotalRevenueColumn

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	8000	GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events	35244	CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses	11636	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	-3636	TotalRevenueColumn
Exclusion	-$3,636	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	4556117	TotalRevenueColumn
Related Or Exempt Function Income	536856	RelatedOrExemptFunctionIncome
Exclusion	-$3,636	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	66092	Total
Program Services	49569	ProgramServices
Management And General	16523	ManagementAndGeneral
Fundraising	0	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	508272	Total
Program Services	381204	ProgramServices
Management And General	127068	ManagementAndGeneral
Fundraising	0	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	55243	Total
Program Services	41432	ProgramServices
Management And General	13811	ManagementAndGeneral
Fundraising	0	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	41708	Total
Program Services	31281	ProgramServices
Management And General	10427	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	2995	Total
Program Services	2995	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	4268	Total
Program Services	4217	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	51	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	1142	Total
Program Services	1085	ProgramServices
Management And General	57	ManagementAndGeneral
Fundraising	0	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	6883	Total
Program Services	6808	ProgramServices
Management And General	75	ManagementAndGeneral
Fundraising	0	Fundraising

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	79733	Total
Program Services	79733	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	3867	Total
Program Services	3867	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	638	Total
Program Services	638	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	171673	Total
Program Services	171673	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	9579	Total
Program Services	9579	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
Books	15666	15666
CTP/SAT Scoring	1733	1733
Supplies	160233	160233
Accreditation	3151	3151

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	11009	Total
Program Services	8974	ProgramServices
Management And General	2035	ManagementAndGeneral
Fundraising	0	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	1143885	Total
Program Services	973838	ProgramServices
Management And General	169996	ManagementAndGeneral
Fundraising	51	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	85644	BOY
EOY	90844	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
EOY	81590	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	9564	BOY
EOY	5107	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	8792020	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	188595	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	5059210	BOY
EOY	8603425	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	14902	BOY
EOY	25967	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	6620	BOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	5175940	BOY
EOY	8806933	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	37	BOY
EOY	78502	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	38614	BOY
EOY	80967	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
EOY	96700	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	38651	BOY
EOY	256169	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	5059210	BOY
EOY	8603425	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	78079	BOY
EOY	-52661	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	5137289	BOY
EOY	8550764	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	5175940	BOY
EOY	8806933	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	3412232	ReconcilationRevenueExpenses
Reconcilation Other Changes	1243	ReconcilationOtherChanges
Info In Schedule O Part XII	X	InfoInScheduleOPartXII
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
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

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	14902	BeginningOfYearBalance
Investment Earnings Or Losses	595	InvestmentEarningsOrLosses
End Of Year Balance	15497	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	14893	BeginningOfYearBalance
Investment Earnings Or Losses	9	InvestmentEarningsOrLosses
End Of Year Balance	14902	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	14866	BeginningOfYearBalance
Investment Earnings Or Losses	27	InvestmentEarningsOrLosses
End Of Year Balance	14893	EndOfYearBalance

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	8035956	OtherCostOrOtherBasis
Depreciation	161337	Depreciation
Book Value	7874619	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	59439	OtherCostOrOtherBasis
Depreciation	27258	Depreciation
Book Value	32181	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	8603425	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	Unearned Lease Income	Description
Amount	$96,700	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	96700	TotalOfAmounts
Total Revenue	4556117	TotalRevenue
Total Expenses	1143885	TotalExpenses
Excess Or Deficit For Year	3412232	ExcessOrDeficitForYear
Excess Or Deficit Per FS	3412232	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	4569000	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	594	NetUnrealizedGainsInvestments
Donated Srvc And Use Of Facilities	654	DonatedSrvcAndUseOfFacilities
Other Revenues	11636	OtherRevenues
Revenue Not Rptd F990	12884	RevenueNotRptdF990
Revenue Subtotal	4556116	RevenueSubtotal
Other Revenues Not Included	1	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	1	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	4556117	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	1155520	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	11635	OtherExpensesIncluded
Expenses Not Rptd F990	11635	ExpensesNotRptdF990
Expenses Subtotal	1143885	ExpensesSubtotal
Total Expenses Per Form990	1143885	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifier	ExplanationExplanation
Pt V Line 4	Endowment funds are contributions whose corpus is held to provide earnings for future needs.
Pt XII Line 2d	Audit fundraising expenses netted to income on tax return
Pt XIII Line 2d	Audit fundraising expenses netted to income on tax return
Pt XII 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	25423	GrossReceiptsEvent1
Charitable Contributions Event1	17423	CharitableContributionsEvent1
Gross Revenue Event1	8000	GrossRevenueEvent1
Rent Facility Costs Event1	5115	RentFacilityCostsEvent1
Food And Beverage Event1	3224	FoodAndBeverageEvent1
Other Direct Expenses Event1	2938	OtherDirectExpensesEvent1
Name Of Event2	Spell-a-thon	NameOfEvent2
Gross Receipts Event2	18607	GrossReceiptsEvent2
Charitable Contributions Event2	18607	CharitableContributionsEvent2
Cash Prizes Event2	400	CashPrizesEvent2
Non Cash Prizes Event2	150	NonCashPrizesEvent2
Other Direct Expenses Event2	139	OtherDirectExpensesEvent2
Gross Receipts Total	44030	GrossReceiptsTotal
Charitable Contributions Total	36030	CharitableContributionsTotal
Gross Revenue Total Events	8000	GrossRevenueTotalEvents
Cash Prizes Total Events	400	CashPrizesTotalEvents
Non Cash Prizes Total Events	150	NonCashPrizesTotalEvents
Rent Facility Costs Total Events	5115	RentFacilityCostsTotalEvents
Food And Beverage Total Events	3224	FoodAndBeverageTotalEvents
Other Direct Expenses Total Events	3077	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	11966	DirectExpenseSummaryEvents
Net Income Summary	-3966	NetIncomeSummary

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Field	Value	IRS element (for citing)
Name Person	GIANFORTE-GENESIS LLC	NamePerson

Field	Value	IRS element (for citing)
Relationship	Gianforte, Board Chair	Relationship
Amount Of Transaction	40163	AmountOfTransaction
Description Of Transaction	Rent expense	DescriptionOfTransaction
Sharing Of Revenues	false	SharingOfRevenues

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (27 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI, Line 15	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.
Pt VI, Line 11a	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 XII, Line 2c	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 XI	Total of $1,243 for Line 5 = Unrealized Gains ($595), Per audit - Inkind services ($654),
	miscellaneous adjustment to match audit ($-6)
Form 990, Part IX, Line 24f	DUES & SUBSCRIPTIONS 1290. 1290. FINANCE CHARGES 327. 327. MISCELLANEOUS 1252. 1252. UNEMPLOYMENT INSURANCE 1967. 1475. 492. WORKER'S COMP INSURANCE 6173. 4630. 1543. 0. 0.

PETRA ACADEMY INC: Form 990, tax year 2011

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990 IRS990

Address Principal Officer US AddressPrincipalOfficerUS

The Books Are In Care Of TheBooksAreInCareOf

Address US AddressUS

Form990 Part VII Section A Form990PartVIISectionA (5 entries)

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Investment Income InvestmentIncome

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Total Revenue TotalRevenue

Comp Current Officers Directors CompCurrentOfficersDirectors

Other Salaries And Wages OtherSalariesAndWages

Other Employee Benefits OtherEmployeeBenefits

Payroll Taxes PayrollTaxes

Fees For Services Accounting FeesForServicesAccounting

Advertising Advertising

Office Expenses OfficeExpenses

Information Technology InformationTechnology

Occupancy Occupancy

Conferences Meetings ConferencesMeetings

Interest Interest

Depreciation Depletion DepreciationDepletion

Insurance Insurance

Other Expenses OtherExpenses (4 entries)

All Other Expenses AllOtherExpenses

Total Functional Expenses TotalFunctionalExpenses

Cash Non Interest Bearing CashNonInterestBearing

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Accounts Receivable AccountsReceivable

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Investments Program Related InvestmentsProgramRelated

Other Assets Total OtherAssetsTotal

Total Assets TotalAssets

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Deferred Revenue DeferredRevenue

Other Liabilities OtherLiabilities

Total Liabilities TotalLiabilities

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Schedule A IRS990ScheduleA

Gross Investment Income170 GrossInvestmentIncome170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Contributor Name Business ContributorNameBusiness

Contributor Address US ContributorAddressUS

Schedule D IRS990ScheduleD

Current Year CurrentYear

Current Year Minus1 Year CurrentYearMinus1Year

Current Year Minus2 Years CurrentYearMinus2Years

Land Land

Buildings Buildings

Equipment Equipment

Other Land Buildings OtherLandBuildings

Other Liabilities OtherLiabilities

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

Schedule E IRS990ScheduleE

Form990 Schedule E Part II Form990ScheduleEPartII

Schedule G IRS990ScheduleG

Events Information EventsInformation

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (27 entries)

Comments