Civic Intelligence

The Academy Inc

990 • Fiscal year 2016 • EIN 13-4217509

Jul 01, 2015 to Jun 30, 2016 • Filed on May 08, 2017

Organization ProfileWWW.HAASHALL.ORG
3880 N Front StFayetteville, AR 72703

(479) 966-4930

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.97x

Higher debt load relative to assets than 91% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

68th percentile

0.45x

Higher debt load relative to revenue than 68% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

80th percentile

20%

Higher net margin than 80% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

84th percentile

$248,000

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

98th percentile

136%

Faster asset growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2016

Revenue Growth

91st percentile

58%

Faster revenue growth than 91% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2016

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$2,641,513

Up $2,166,462 (+456%) from 2014

Net Assets

Down

$83,788

Down $254,852 (-75%) from 2014

Liabilities

Up

$2,557,725

Up $2,421,314 (+1775%) from 2014

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin80th percentile

Revenue

Up

$5,721,687

Up $3,431,750 (+150%) from 2014

Expenses

Up

$4,595,706

Up $2,321,253 (+102%) from 2014

Net Income

Up

$1,125,981

Up $1,110,497 (+7172%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0-$5.0MAssets 2010: $116,718Liabilities 2010: $33,659Net Assets 2010: $83,0592010Assets 2011: $324,827Liabilities 2011: $42,673Net Assets 2011: $282,1542011Assets 2012: $435,408Liabilities 2012: $35,575Net Assets 2012: $399,8332012Assets 2013: $482,712Liabilities 2013: $159,556Net Assets 2013: $323,1562013Assets 2014: $475,051Liabilities 2014: $136,411Net Assets 2014: $338,6402014Assets 2016: $2,641,513Liabilities 2016: $2,557,725Net Assets 2016: $83,7882016Assets 2017: $4,569,570Liabilities 2017: $4,758,844Net Assets 2017: -$189,3742017Assets 2018: $4,871,097Liabilities 2018: $5,392,140Net Assets 2018: -$521,0432018Assets 2019: $9,109,914Liabilities 2019: $11,112,863Net Assets 2019: -$2,002,9492019Assets 2020: $8,821,369Liabilities 2020: $11,418,690Net Assets 2020: -$2,597,3212020Assets 2021: $10,084,024Liabilities 2021: $13,043,698Net Assets 2021: -$2,959,6742021Assets 2022: $9,979,176Liabilities 2022: $13,088,415Net Assets 2022: -$3,109,2392022Assets 2023: $12,780,395Liabilities 2023: $15,711,619Net Assets 2023: -$2,931,2242023

Highlighted filing

2016

Assets$2,641,513
Liabilities$2,557,725
Net Assets$83,788
Open 2016 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $1,102,8702010Expenses 2011: $1,623,1392011Expenses 2012: $2,064,6562012Expenses 2013: $2,159,3932013Revenue 2014: $2,289,937Expenses 2014: $2,274,453Net Income 2014: $15,4842014Revenue 2016: $5,721,687Expenses 2016: $4,595,706Net Income 2016: $1,125,9812016Revenue 2017: $4,851,397Expenses 2017: $5,324,559Net Income 2017: -$473,1622017Revenue 2018: $7,785,909Expenses 2018: $8,117,578Net Income 2018: -$331,6692018Revenue 2019: $9,649,509Expenses 2019: $10,084,416Net Income 2019: -$434,9072019Revenue 2020: $10,707,685Expenses 2020: $11,302,057Net Income 2020: -$594,3722020Revenue 2021: $11,745,768Expenses 2021: $12,108,121Net Income 2021: -$362,3532021Revenue 2022: $10,895,047Expenses 2022: $11,044,612Net Income 2022: -$149,5652022Revenue 2023: $11,627,140Expenses 2023: $11,449,125Net Income 2023: $178,0152023

Highlighted filing

2016

Revenue$5,721,687
Expenses$4,595,706
Net Income$1,125,981
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 8, 2017
Return Version
2015v3.0
Gross Receipts
$5,721,687
Mission and Program Overview

Mission

To provide an agressive alternative to the traditional learning environment for students focusing on the study of sciences and mathematics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$189,265$1,346,286▲ $1,157,021
Cash and Non-Interest-Bearing Accounts$159,133$589,738▲ $430,605
Other Notes and Loans Receivable, Net$180,000$497,893▲ $317,893
Rtn Earn Endowment Incm Other Fnds$341,658$83,788▼ $257,870
Prepaid Expenses and Deferred Charges$4,468$6,178▲ $1,710
Total Assets$544,050$2,641,513▲ $2,097,463
Other Assets Total$11,184$201,418▲ $190,234
Liabilities
Other Liabilities-$1,500,210-
Unsecured Notes Loans Payable$130,000$950,000▲ $820,000
Accounts Payable and Accrued Expenses$72,392$107,515▲ $35,123
Total Liabilities$202,392$2,557,725▲ $2,355,333
Net Assets / Fund Balance
Total Net Assets Fund Balance$341,658$83,788▼ $257,870
Total Liabilities and Net Assets / Fund Balance$544,050$2,641,513▲ $2,097,463

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$855,907$915$856,822
Equipment$395,379$400,497$795,876
Land$95,000-$95,000
Other Assets Org$11,184--
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleBaseTotal
Martin SchoppmeyerSuperintende$248,000$248,000
Martin SchoppmeyerSuperintendent$248,000$248,000

Board Members and Trustees

NameTitle
Hubert MendoncaDirector
John ScottDirector
Marilyn SchoppmeyerDirector
Nancy TrammellDirector
Pierce OsborneDirector
Suzanne ClarkDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$5,597,547
Program Service Revenue
$0
Investment Income
$170
Other Revenue
$123,970
Change in Net Assets
$1,125,981

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,721,687
Total Revenue per Audited Statements
$5,721,687
Total Revenue per Form 990
$5,721,687
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,846,029
Other Expenses$1,749,677
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,076,952--$2,076,952
Occupancy$812,242--$812,242
Pension Plan Contributions$257,426--$257,426
Current Officers, Directors, Trustees, and Key Employees$248,000--$248,000
Payroll Taxes$166,608--$166,608
All Other Expenses$154,387--$154,387
Depreciation Depletion$112,887--$112,887
Other Expenses$102,092--$102,092
Other Employee Benefits$97,043--$97,043
Advertising$41,353--$41,353
Office Expenses$36,324--$36,324
Insurance$30,177--$30,177
Travel$19,348--$19,348
Information Technology$18,274--$18,274
Fees for Services Legal$17,669--$17,669
Fees for Services Accounting$11,375--$11,375
Interest$784--$784
Total Functional Expenses$4,595,706$0$0$4,595,706

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,595,706
Total Expenses per Audited Statements$4,595,706
Total Expenses per Form 990$4,595,706
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$1,163,858
Deferred Inflows of Resources$336,352
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Superintendent of schools reviews 990 before filing.”

Form 990, Page 6, Part VI, Line 15A

“Determined by the school board on an annual basis.”

Form 990, Page 6, Part VI, Line 19

“All governing documents are available for public inspection at the school's offices located at 3880 n. Front st., fayetteville, ar. All governing documents are also available on the school's website.”

Filing and Contact Details

Filer

Filer Name
The Academy Inc
EIN
13-4217509
Phone
4799664930
Address
3880 N FRONT ST, FAYETTEVILLE, AR 72703
Doing Business As
Haas Hall Academy

Signing Officer

Name
Martin Schoppmeyer
Title
Superintendent
Phone
4799664930
Signed
2017-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin Schoppmeyer
Voting Board Members
7
Independent Board Members
5
Employees
51

Preparer

Firm
Timothy a Bunch CPA Pa
Address
PO BOX 6848, SPRINGDALE, AR 72766
Preparer
Timothy a Bunch
Phone
4793612201
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Gasb 68 adjustment -1,383,851 total -1,383,851”

Raw XML Appendix369 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0AS A PUBLIC CHARTERED SCHOOL, THE TAXPAYER IS REQUIRED TO BE NONDISCRIMINATORY IN ALL OF ITS ADMISSION POLICIES THE SAME AS ANY OTHER PUBLIC SCHOOL IN THE STATE OF ARKANSAS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0248000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARTIN SCHOPPMEYER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SUPERINTENDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0248000
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUPERINTENDENT OF SCHOOLS REVIEWS 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DETERMINED BY THE SCHOOL BOARD ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE SCHOOL'S OFFICES LOCATED AT 3880 N. FRONT ST., FAYETTEVILLE, AR. ALL GOVERNING DOCUMENTS ARE ALSO AVAILABLE ON THE SCHOOL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GASB 68 ADJUSTMENT -1,383,851 TOTAL -1,383,851
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0544050
IRS990/TotalAssetsEOYAmt02641513
IRS990/TotalAssetsGrp/BOYAmt0544050
IRS990/TotalAssetsGrp/EOYAmt02641513
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt05597547
IRS990/TotalEmployeeCnt051
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04595706
IRS990/TotalFunctionalExpensesGrp/TotalAmt04595706
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0202392
IRS990/TotalLiabilitiesEOYAmt02557725
IRS990/TotalLiabilitiesGrp/BOYAmt0202392
IRS990/TotalLiabilitiesGrp/EOYAmt02557725
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0341658
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt083788
IRS990/TotalProgramServiceExpensesAmt04595706
IRS990/TotalReportableCompFromOrgAmt0248000
IRS990/TotalRevenueGrp/ExclusionAmt0123970
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0170
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05721687
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0544050
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02641513
IRS990/TravelGrp/ProgramServicesAmt019348
IRS990/TravelGrp/TotalAmt019348
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0130000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0950000
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.HAASHALL.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARTIN SCHOPPMEYER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SUPERINTENDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04799664930
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0ACAD
ReturnHeader/Filer/EIN0134217509
ReturnHeader/Filer/PhoneNum04799664930
ReturnHeader/Filer/USAddress/AddressLine1Txt03880 N FRONT ST
ReturnHeader/Filer/USAddress/CityNm0FAYETTEVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072703
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0710802928
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TIMOTHY A BUNCH CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 6848
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SPRINGDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd072766
ReturnHeader/PreparerPersonGrp/PhoneNum04793612201
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY A BUNCH
ReturnHeader/ReturnTs02017-05-08T15:01:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,641,513
Liabilities
$2,557,725
Net assets
$83,788
Revenue
$5,721,687
Expenses
$4,595,706
Net income
$1,125,981
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$12.8$15.7$2.93$11.6$11.4$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.98$13.1$3.11$10.9$11.0$0.15
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$13.0$2.96$11.7$12.1$0.36
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.82$11.4$2.60$10.7$11.3$0.59
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.11$11.1$2.00$9.65$10.1$0.43
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.87$5.39$0.52$7.79$8.12$0.33
2017Summary only. Only limited summary data is available for this year.$4.57$4.76$0.19$4.85$5.32$0.47
2016Detailed filing. Detailed filing data is available for this year.$2.64$2.56$0.08$5.72$4.60$1.13
2014Detailed filing. Detailed filing data is available for this year.$0.48$0.14$0.34$2.29$2.27$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.16$0.32$2.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.04$0.40$2.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.04$0.28$1.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.03$0.08$1.10