Civic Intelligence

Kore Academy Inc.

990 • Fiscal year 2020 • EIN 20-1530223

Jan 01, 2020 to Dec 31, 2020 • Filed on May 15, 2021

Organization ProfileWWW.KOREACADEMY.ORG
2228 Lovell CourtLexington, KY 40513

(859) 224-8101

Siviq Scores

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

Liabilities / Assets

84th percentile

0.32x

Higher debt load relative to assets than 84% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

0.18x

Higher debt load relative to revenue than 82% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

30th percentile

-7.8%

Higher net margin than 30% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

68th percentile

22%

Faster asset growth than 68% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

63rd percentile

-0.6%

Faster revenue growth than 63% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$256,322

Up $45,471 (+22%) from 2019

Net Assets

Down

$175,422

Down $35,429 (-17%) from 2019

Liabilities

Up

$80,900

Up $80,900 from 2019

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin30th percentile

Revenue

Down

$456,535

Down $2,887 (-0.6%) from 2019

Expenses

Up

$491,964

Up $22,741 (+4.8%) from 2019

Net Income

Down

-$35,429

Down $25,628 (-261%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$300K$200K$100K$0Assets 2011: $51,211Liabilities 2011: $3,027Net Assets 2011: $48,1842011Assets 2012: $117,248Liabilities 2012: $3,574Net Assets 2012: $113,6742012Assets 2013: $140,595Liabilities 2013: $5,216Net Assets 2013: $135,3792013Assets 2014: $134,489Liabilities 2014: $257Net Assets 2014: $134,2322014Assets 2015: $139,160Liabilities 2015: $0Net Assets 2015: $139,1602015Assets 2016: $181,757Liabilities 2016: $0Net Assets 2016: $181,7572016Assets 2017: $206,492Liabilities 2017: $0Net Assets 2017: $206,4922017Assets 2018: $220,652Liabilities 2018: $0Net Assets 2018: $220,6522018Assets 2019: $210,851Liabilities 2019: $0Net Assets 2019: $210,8512019Assets 2020: $256,322Liabilities 2020: $80,900Net Assets 2020: $175,4222020Assets 2021: $260,593Liabilities 2021: $0Net Assets 2021: $260,5932021Assets 2022: $235,383Liabilities 2022: $0Net Assets 2022: $235,3832022Assets 2023: $155,212Liabilities 2023: $0Net Assets 2023: $155,2122023Assets 2024: $105,418Liabilities 2024: $24,955Net Assets 2024: $80,4632024

Highlighted filing

2020

Assets$256,322
Liabilities$80,900
Net Assets$175,422
Open 2020 Filing

Operations Trend

Revenue Growth63rd percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $182,352Expenses 2011: $186,064Net Income 2011: -$3,7122011Revenue 2012: $270,763Expenses 2012: $205,273Net Income 2012: $65,4902012Revenue 2013: $298,803Expenses 2013: $277,097Net Income 2013: $21,7062013Revenue 2014: $317,012Expenses 2014: $318,159Net Income 2014: -$1,1472014Revenue 2015: $384,591Expenses 2015: $379,663Net Income 2015: $4,9282015Revenue 2016: $437,417Expenses 2016: $392,509Net Income 2016: $44,9082016Revenue 2017: $474,813Expenses 2017: $450,078Net Income 2017: $24,7352017Revenue 2018: $445,467Expenses 2018: $431,307Net Income 2018: $14,1602018Revenue 2019: $459,422Expenses 2019: $469,223Net Income 2019: -$9,8012019Revenue 2020: $456,535Expenses 2020: $491,964Net Income 2020: -$35,4292020Revenue 2021: $556,305Expenses 2021: $552,034Net Income 2021: $4,2712021Revenue 2022: $528,882Expenses 2022: $554,092Net Income 2022: -$25,2102022Revenue 2023: $469,534Expenses 2023: $549,705Net Income 2023: -$80,1712023Revenue 2024: $476,512Expenses 2024: $551,261Net Income 2024: -$74,7492024

Highlighted filing

2020

Revenue$456,535
Expenses$491,964
Net Income-$35,429
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 15, 2021
Return Version
2020v4.1
Gross Receipts
$456,585
Mission and Program Overview

Mission

Education provided for students in primary and secondary level with various learning disabilities

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$210,851$256,322▲ $45,471
Total Assets$210,851$256,322▲ $45,471
Liabilities
Other Liabilities-$80,900-
Total Liabilities$0$80,900▲ $80,900
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$210,851$175,422▼ $35,429
Total Net Assets Fund Balance$210,851$175,422▼ $35,429
Total Liabilities and Net Assets / Fund Balance$210,851$256,322▲ $45,471
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Jennifer FrancoPresident
Matt PowellVice President
Beverly HendersonDirector
Andrea LeslieSecretary
Debbie MastersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$28,994
Program Service Revenue
$422,720
Investment Income
$0
Other Revenue
$4,821
Change in Net Assets
$-35,429
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$415,539
Other Expenses$76,425
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$337,397$4,314-$341,711
Current Officers, Directors, Trustees, and Key Employees$21,422$21,421-$42,843
Payroll Taxes$28,502$2,483-$30,985
All Other Expenses$18,098$844-$18,942
Occupancy$12,824$800-$13,624
Fees for Services Accounting$9,564--$9,564
Insurance-$7,033-$7,033
Office Expenses$4,104$301-$4,405
Other Expenses$3,457--$3,457
Advertising$250--$250
Total Functional Expenses$454,768$37,196$0$491,964
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,088
Fundraising Direct Expenses$50
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
PPP Loan$80,900
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
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 governing body review Part VI line 11

“The return is prepared by an outside accounting firm and reviewed by the tresurer. The return is then provided to the governing boby for review and comment prior to filing.”

CEO executive director top management comp Part VI line 15A

“Compensation is reviewed annually by governing body and adjusted according to performance and tenure.”

Other officer or key employee compensation Part VI line 15B

“Compensation is reviewed annually by governing body and adjusted according to performance and tenure.”

Governing documents etc available to public Part VI line 19

“The public my obtain organization documents by submitting a request in writing to the organizations office address or its treasurer.”

Filing and Contact Details

Filer

Filer Name
KORE Academy Inc
EIN
20-1530223
Address
2228 Lovell Court, Lexington, KY 40513

Signing Officer

Name
Debbie Masters
Title
Treasurer
Phone
8592248101
Signed
2021-05-15
Discuss with paid preparer
No

Organization Details

Formed
2004
Legal Domicile
Ky
Voting Board Members
10
Independent Board Members
10
Employees
26

Preparer

Firm
Alpha & Omega Consulting LLC
Address
220 Vicksburg Dr, Nicholasville, KY 40356
Preparer
Tony Watkins
Phone
8593517467
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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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ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$256,322
Liabilities
$80,900
Net assets
$175,422
Revenue
$456,535
Expenses
$491,964
Net income
-$35,429
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.25$0.80$4.77$5.51$0.75
2023Summary only. Only limited summary data is available for this year.$1.55$0.00$1.55$4.70$5.50$0.80
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.35$0.00$2.35$5.29$5.54$0.25
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.61$0.00$2.61$5.56$5.52$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.56$0.81$1.75$4.57$4.92$0.35
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.11$0.00$2.11$4.59$4.69$0.10
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.21$0.00$2.21$4.45$4.31$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.06$0.00$2.06$4.75$4.50$0.25
2016Summary only. Only limited summary data is available for this year.$1.82$0.00$1.82$4.37$3.93$0.45
2015Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$3.85$3.80$0.05
2014Summary only. Only limited summary data is available for this year.$1.34$0.00$1.34$3.17$3.18$0.01
2013Summary only. Only limited summary data is available for this year.$1.41$0.05$1.35$2.99$2.77$0.22
2012Summary only. Only limited summary data is available for this year.$1.17$0.04$1.14$2.71$2.05$0.65
2011Summary only. Only limited summary data is available for this year.$0.51$0.03$0.48$1.82$1.86$0.04