PETRA ACADEMY INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
PETRA ACADEMY INC (EIN 81-0503427)
Tax period
2024-08-01 to 2025-07-31
Filed
2026-02-06
IRS object ID
202620379349300627
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

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

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-02-06T12:02:35-08:00ReturnTs
Tax Period End2025-07-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN463057681PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Amatics CPA GroupBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line145 Discovery DriveAddressLine1Txt
CityBozemanCityNm
State AbbreviationMTStateAbbreviationCd
ZIP59718ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-08-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN810503427EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PETRA ACADEMY INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPETRBusinessNameControlTxt
Phone4065828165PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14720 CLASSICAL WAYAddressLine1Txt
CityBOZEMANCityNm
State AbbreviationMTStateAbbreviationCd
ZIP59718ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANA TERRYPersonNm
Person TitleBOARD CHAIRPersonTitleTxt
Signature2026-02-06SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMORGAN SCARRPreparerPersonNm
PTINP00747394PTIN
Phone4064041925PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDANA TERRYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14720 CLASSICAL WAYAddressLine1Txt
CityBOZEMANCityNm
State AbbreviationMTStateAbbreviationCd
ZIP59718ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$5,009,005GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressPETRAACADEMY.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2000FormationYr
Legal Domicile StateMTLegalDomicileStateCd
Activity Or MissionTO PROVIDE AN ACADEMICALLY CHALLENGING, CLASSICAL EDUCATION TO STUDENTS, GRADES PRE-K THROUGH 12.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee82TotalEmployeeCnt
Total Volunteers45TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$219,940PYContributionsGrantsAmt
CY Contributions Grants$1,994,539CYContributionsGrantsAmt
PY Program Service Revenue$2,856,088PYProgramServiceRevenueAmt
CY Program Service Revenue$2,804,089CYProgramServiceRevenueAmt
PY Investment Income$103,616PYInvestmentIncomeAmt
CY Investment Income$87,910CYInvestmentIncomeAmt
PY Other Revenue$64,134PYOtherRevenueAmt
CY Other Revenue$99,516CYOtherRevenueAmt
PY Total Revenue$3,243,778PYTotalRevenueAmt
CY Total Revenue$4,986,054CYTotalRevenueAmt
PY Grants And Similar Paid$226,256PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$253,681CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,249,591PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,566,910CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$931,520PYOtherExpensesAmt
CY Other Expenses$1,005,714CYOtherExpensesAmt
PY Total Expenses$3,407,367PYTotalExpensesAmt
CY Total Expenses$3,826,305CYTotalExpensesAmt
PY Revenues Less Expenses-$163,589PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,159,749CYRevenuesLessExpensesAmt
Total Assets BOY$11,676,021TotalAssetsBOYAmt
Total Assets EOY$12,946,552TotalAssetsEOYAmt
Total Liabilities BOY$652,589TotalLiabilitiesBOYAmt
Total Liabilities EOY$659,614TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$11,023,432NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$12,286,938NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE AN ACADEMICALLY CHALLENGING, CLASSICAL EDUCATION TO STUDENTS, GRADES PRE-K THROUGH 12.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$3,049,813ExpenseAmt
Grant$253,681GrantAmt
Revenue$2,804,089RevenueAmt
DescTO PROVIDE AN ACADEMICALLY CHALLENGING, CLASSICAL EDUCATION TO 200+ STUDENTS, GRADES PRE-K THROUGH 12.Desc
Total Program Service Expenses$3,049,813TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee82EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Form8282 Filed0Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcfalseRegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonTOSHA BOSPersonNm
Phone4065828165PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14720 CLASSICAL WAYAddressLine1Txt
CityBOZEMANCityNm
State AbbreviationMTStateAbbreviationCd
ZIP59718ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
JUSTICE KERR
Headmaster40.000.00Yes (X)$146,812$0$4,404
MIKE CASHMAN
Director1.000.00$0$0$0Yes (X)
JOSH O'CONNOR
Director1.000.00$0$0$0Yes (X)
MICHELLE ZOELLER
Director1.000.00$0$0$0Yes (X)
DANA TERRY
BOARD CHAIR2.000.00Yes (X)$0$0$0Yes (X)
KRISTEN STEWART
Secretary1.000.00Yes (X)$0$0$0Yes (X)
MEGAN ROSENSTOCK
Director1.000.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$146,812TotalReportableCompFromOrgAmt
Total Other Compensation$4,404TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
LIVING PLACES
PO BOX 566BOZEMANMT59771ARCHITECTURAL$333,143
THE FOCUS GROUP
521 A1A BEACH BLVDSAINT AUGUSTINEFL32080CONSULTING$104,055
LANGLAS & ASSOCIATES INC
PO BOX 11074BOZEMANMT59771CONSTRUCTION$278,459
NORTHWESTERN ENERGY
11 E PARK STREETBUTTEMT59701CIP - UTILITIES$118,700
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Fundraising$146,273FundraisingAmt
All Other Contributions$1,848,266AllOtherContributionsAmt
Noncash Contributions$11,424NoncashContributionsAmt
Total Contributions$1,994,539TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ATHLETIC FEES611600$30,306$30,306
SALES AND MISC REVENUE900099$2,877$2,877
TUITION INCOME611600$2,770,906$2,770,906
FieldValueIRS element (for citing)
Total Program Service Revenue$2,804,089TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$87,910TotalRevenueColumnAmt
Exclusion$87,910ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$90,241RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$90,241RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$90,241TotalRevenueColumnAmt
Exclusion$90,241ExclusionAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$32,226FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$146,273ContriRptFundraisingEventAmt
Fundraising Direct Expenses$22,951FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,275TotalRevenueColumnAmt
Exclusion$9,275ExclusionAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,986,054TotalRevenueColumnAmt
Related Or Exempt Func Income$2,804,089RelatedOrExemptFuncIncomeAmt
Exclusion$187,426ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$253,681TotalAmt
Program Services$253,681ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$149,350TotalAmt
Program Services$104,496ProgramServicesAmt
Management And General$44,854ManagementAndGeneralAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,161,529TotalAmt
Program Services$1,512,363ProgramServicesAmt
Management And General$649,166ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$57,889TotalAmt
Program Services$39,617ProgramServicesAmt
Management And General$18,272ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$198,142TotalAmt
Program Services$135,390ProgramServicesAmt
Management And General$62,752ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,200TotalAmt
Program Services$1,200ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$4,100TotalAmt
Program Services$4,100ProgramServicesAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$110,933TotalAmt
Program Services$110,933ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$8,517TotalAmt
Program Services$8,517ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$13,475TotalAmt
Program Services$12,801ProgramServicesAmt
Management And General$674ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$35,073TotalAmt
Program Services$35,073ProgramServicesAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$81,082TotalAmt
Program Services$81,082ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$335,430TotalAmt
Program Services$335,430ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$31,092TotalAmt
Program Services$31,092ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
SUPPLIES$122,392$122,392
MAINTENANCE$66,326$66,326
BOOKS$65,345$65,345
TRAINING$36,535$36,535

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$94,214TotalAmt
Program Services$93,440ProgramServicesAmt
Management And General$774ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,826,305TotalAmt
Program Services$3,049,813ProgramServicesAmt
Management And General$776,492ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$402,728BOYAmt
EOY$303,966EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$26,493BOYAmt
EOY$236,809EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$950,000EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$12,418BOYAmt
EOY$20,507EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$78,122BOYAmt
EOY$57,507EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$14,172,582LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$4,431,959LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$9,086,402BOYAmt
EOY$9,740,623EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,041,140BOYAmt
EOY$1,605,781EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$28,718BOYAmt
EOY$31,359EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$11,676,021BOYAmt
EOY$12,946,552EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$23,985BOYAmt
EOY$201,572EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$618,740BOYAmt
EOY$457,843EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$9,864BOYAmt
EOY$199EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$652,589BOYAmt
EOY$659,614EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,966,807BOYAmt
EOY$10,417,033EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,056,625BOYAmt
EOY$1,869,905EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,023,432BOYAmt
EOY$12,286,938EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,676,021BOYAmt
EOY$12,946,552EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,159,749ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$3,757NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments$100,000PriorPeriodAdjustmentsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$29,230BeginningYearBalanceAmt
Investment Earnings Or Losses$3,417InvestmentEarningsOrLossesAmt
End Year Balance$32,647EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$26,363BeginningYearBalanceAmt
Investment Earnings Or Losses$2,867InvestmentEarningsOrLossesAmt
End Year Balance$29,230EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Contributions$25,000ContributionsAmt
Investment Earnings Or Losses$1,363InvestmentEarningsOrLossesAmt
End Year Balance$26,363EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.61000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.15000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.24000TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd
Related Org List Sch RfalseRelatedOrgListSchRInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$686,625OtherCostOrOtherBasisAmt
Book Value$686,625BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$11,710,436OtherCostOrOtherBasisAmt
Depreciation$4,212,338DepreciationAmt
Book Value$7,498,098BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$279,214OtherCostOrOtherBasisAmt
Depreciation$212,147DepreciationAmt
Book Value$67,067BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,496,307OtherCostOrOtherBasisAmt
Depreciation$7,474DepreciationAmt
Book Value$1,488,833BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$9,740,623TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescPAYROLL LIABILITIESDesc
Amt$199Amt
FieldValueIRS element (for citing)
Total Liability$199TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$4,755,351TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$3,757NetUnrealizedGainsInvstAmt
Other Revenue-$234,460OtherRevenueAmt
Revenue Not Reported-$230,703RevenueNotReportedAmt
Revenue Subtotal$4,986,054RevenueSubtotalAmt
Total Revenue Per Form990$4,986,054TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,591,845TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included-$234,460OtherExpensesIncludedAmt
Expenses Not Reported-$234,460ExpensesNotReportedAmt
Expenses Subtotal$3,826,305ExpensesSubtotalAmt
Total Expenses Per Form990$3,826,305TotalExpensesPerForm990Amt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdfalseGovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Line 3 - Racially Nondiscriminatory Policy PublicizedALL APPLICANTS ARE ASKED TO AFFIRM READING OF PETRA'S PARENT-STUDENT HANDBOOK WHERE THEIR NONDISCRIMINATORY POLICY IS CLEARLY STATED.
Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
Schedule E, Line 5 - Explanation of Organization Discrimination by Race

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Agrmt Prof Fundraising ActyfalseAgrmtProfFundraisingActyInd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1SPELL-A-THONEvent1Nm
Gross Receipts Event1$88,758GrossReceiptsEvent1Amt
Charitable Contri Event1$88,758CharitableContriEvent1Amt
Other Direct Expenses Event1$17,994OtherDirectExpensesEvent1Amt
Event2ANNUAL FUNDRAISEREvent2Nm
Gross Receipts Event2$84,065GrossReceiptsEvent2Amt
Charitable Contri Event2$57,515CharitableContriEvent2Amt
Gross Revenue Event2$26,550GrossRevenueEvent2Amt
Other Direct Expenses Event2$1,226OtherDirectExpensesEvent2Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$5,676GrossReceiptsOtherEventsAmt
Gross Revenue Other Events$5,676GrossRevenueOtherEventsAmt
Oth Direct Expnss Other Events$3,731OthDirectExpnssOtherEventsAmt
Gross Receipts Total$178,499GrossReceiptsTotalAmt
Charitable Contributions Tot$146,273CharitableContributionsTotAmt
Gross Revenue Total Events$32,226GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$22,951OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$22,951DirectExpenseSummaryEventsAmt
Net Income Summary$9,275NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd
Total501c3 Org0Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPSGrantTypeTxt
Recipient75RecipientCnt
Cash Grant$253,681CashGrantAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonJUSTICE KERRPersonNm
TitleHeadmasterTitleTxt
Base Compensation Filing Org$146,812BaseCompensationFilingOrgAmt
Deferred Compensation Flng Org$4,404DeferredCompensationFlngOrgAmt
Total Compensation Filing Org$151,216TotalCompensationFilingOrgAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section B, Line 11bFORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT, THEN REVIEWED BY ALL BOARD MEMBERS FOR APPROVAL BEFORE FILING.
Form 990, Part VI, Section B, Line 15aTHE HEADMASTER'S SALARY IS ANNUALLY REVIEWED BY THE BOARD. THE ORIGINAL SALARY WAS SET UPON HIS HIRING, BY COMPARING IT TO OTHER SALARIES ACROSS CLASSICAL CHRISTIAN SCHOOLS. SINCE THEN, THE HEADMASTER RECEIVES A PERFORMANCE REVIEW ANNUALLY BY THE BOARD AND IS GIVEN RAISES ACCORDINGLY.
Form 990, Part VI, Section B, Line 15bTHE BOARD APPROVES MODEST PAY INCREASES AND EMPLOYEES RECEIVE COMPARABLE COMPENSATION TO EDUCATIONAL INSTITUTION IN PETRA'S AREA.
Form 990, Part VI, Section C, Line 19AVAILABLE UPON REQUEST

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