Civic Intelligence

Socrates Academy Inc.

990 • Fiscal year 2019 • EIN 20-1361228

Jul 01, 2018 to Jun 30, 2019

Rutherfordton, NC
Siviq Scores

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

Liabilities / Assets

99th percentile

3.56x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

1.61x

Higher debt load relative to revenue than 88% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Net Margin

27th percentile

-1.4%

Higher net margin than 27% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

80th percentile

26%

Faster asset growth than 80% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

61st percentile

7.9%

Faster revenue growth than 61% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,842,889

Up $585,668 (+26%) from 2018

Net Assets

Down

-$7,263,774

Down $89,991 (-1.3%) from 2018

Liabilities

Up

$10,106,663

Up $675,659 (+7.2%) from 2018

Revenue

Up

$6,287,499

Up $460,865 (+7.9%) from 2018

Expenses

Down

$6,377,494

Down $105,659 (-1.6%) from 2018

Net Income

Up

-$89,995

Up $566,524 (+86%) from 2018

Historical Trend

Balance Sheet Trend

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

$20M$10M$0-$10MAssets 2011: $1,115,558Liabilities 2011: $14,216Net Assets 2011: $1,101,3422011Assets 2012: $1,016,826Liabilities 2012: $8,279Net Assets 2012: $1,008,5472012Assets 2013: $1,198,348Liabilities 2013: $106,156Net Assets 2013: $1,092,1922013Assets 2014: $1,305,287Liabilities 2014: $168,087Net Assets 2014: $1,137,2002014Assets 2015: $1,576,632Liabilities 2015: $1,143,503Net Assets 2015: $433,1292015Assets 2016: $1,549,380Liabilities 2016: $994,570Net Assets 2016: $554,8102016Assets 2017: $2,387,931Liabilities 2017: $1,914,664Net Assets 2017: $473,2672017Assets 2018: $2,257,221Liabilities 2018: $9,431,004Net Assets 2018: -$7,173,7832018Assets 2019: $2,842,889Liabilities 2019: $10,106,663Net Assets 2019: -$7,263,7742019Assets 2020: $3,971,311Liabilities 2020: $11,320,742Net Assets 2020: -$7,349,4312020Assets 2021: $4,819,836Liabilities 2021: $10,884,952Net Assets 2021: -$6,065,1162021Assets 2022: $5,671,073Liabilities 2022: $10,343,867Net Assets 2022: -$4,672,7942022Assets 2023: $8,977,389Liabilities 2023: $12,974,100Net Assets 2023: -$3,996,7112023Assets 2024: $7,692,920Liabilities 2024: $13,353,093Net Assets 2024: -$5,660,1732024Assets 2025: $10,209,723Liabilities 2025: $14,077,955Net Assets 2025: -$3,868,2322025

Highlighted filing

2019

Assets$2,842,889
Liabilities$10,106,663
Net Assets-$7,263,774

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $3,325,9262011Expenses 2012: $4,036,1912012Revenue 2013: $4,757,175Expenses 2013: $4,673,530Net Income 2013: $83,6452013Revenue 2014: $5,161,537Expenses 2014: $5,116,529Net Income 2014: $45,0082014Revenue 2015: $5,183,298Expenses 2015: $5,050,327Net Income 2015: $132,9712015Revenue 2016: $5,449,592Expenses 2016: $5,327,911Net Income 2016: $121,6812016Revenue 2017: $5,692,582Expenses 2017: $5,774,125Net Income 2017: -$81,5432017Revenue 2018: $5,826,634Expenses 2018: $6,483,153Net Income 2018: -$656,5192018Revenue 2019: $6,287,499Expenses 2019: $6,377,494Net Income 2019: -$89,9952019Revenue 2020: $6,940,900Expenses 2020: $7,026,557Net Income 2020: -$85,6572020Revenue 2021: $7,974,700Expenses 2021: $6,690,430Net Income 2021: $1,284,2702021Revenue 2022: $8,884,634Expenses 2022: $7,493,020Net Income 2022: $1,391,6142022Revenue 2023: $9,329,665Expenses 2023: $8,606,495Net Income 2023: $723,1702023Revenue 2024: $10,640,730Expenses 2024: $12,304,192Net Income 2024: -$1,663,4622024Revenue 2025: $13,730,688Expenses 2025: $11,938,747Net Income 2025: $1,791,9412025

Highlighted filing

2019

Revenue$6,287,499
Expenses$6,377,494
Net Income-$89,995
Filing Detail Status

This 2019 filing currently has summary financial data only. Detailed schedules, leadership, and program rows are not available for this filing yet.

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Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Mission and Program Overview

Mission

Operate a charter school.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.2$14.1$3.87$13.7$11.9$1.79
2024Detailed filing. Detailed filing data is available for this year.$7.69$13.4$5.66$10.6$12.3$1.66
2023Detailed filing. Detailed filing data is available for this year.$8.98$13.0$4.00$9.33$8.61$0.72
2022Detailed filing. Detailed filing data is available for this year.$5.67$10.3$4.67$8.88$7.49$1.39
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.82$10.9$6.07$7.97$6.69$1.28
2020Detailed filing. Detailed filing data is available for this year.$3.97$11.3$7.35$6.94$7.03$0.09
2019Summary only. Only limited summary data is available for this year.$2.84$10.1$7.26$6.29$6.38$0.09
2018Summary only. Only limited summary data is available for this year.$2.26$9.43$7.17$5.83$6.48$0.66
2017Summary only. Only limited summary data is available for this year.$2.39$1.91$0.47$5.69$5.77$0.08
2016Summary only. Only limited summary data is available for this year.$1.55$0.99$0.55$5.45$5.33$0.12
2015Summary only. Only limited summary data is available for this year.$1.58$1.14$0.43$5.18$5.05$0.13
2014Summary only. Only limited summary data is available for this year.$1.31$0.17$1.14$5.16$5.12$0.05
2013Summary only. Only limited summary data is available for this year.$1.20$0.11$1.09$4.76$4.67$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.01$1.01$4.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.01$1.10$3.33