Civic Intelligence

Ron Clark Academy Inc.

990 • Fiscal year 2018 • EIN 20-3028755

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 12, 2018

228 Margaret StreetAtlanta, GA 30315

(770) 973-7755

Siviq Scores

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

Liabilities / Assets

38th percentile

0.14x

Higher debt load relative to assets than 38% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

39th percentile

0.19x

Higher debt load relative to revenue than 39% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

94th percentile

65%

Higher net margin than 94% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

21st percentile

$149,278

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

97th percentile

100%

Faster asset growth than 97% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

97th percentile

192%

Faster revenue growth than 97% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$25,547,041

Up $12,756,239 (+100%) from 2017

Net Assets

Up

$21,844,154

Up $12,086,645 (+124%) from 2017

Liabilities

Up

$3,702,887

Up $669,594 (+22%) from 2017

Revenue

Up

$18,993,138

Up $12,479,760 (+192%) from 2017

Expenses

Up

$6,718,595

Up $1,768,255 (+36%) from 2017

Net Income

Up

$12,274,543

Up $10,711,505 (+685%) from 2017

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $2,303,400Liabilities 2010: $1,340Net Assets 2010: $2,302,0602010Assets 2011: $2,196,507Liabilities 2011: $39,361Net Assets 2011: $2,157,1462011Assets 2012: $2,994,385Liabilities 2012: $73,268Net Assets 2012: $2,921,1172012Assets 2013: $6,112,373Liabilities 2013: $2,885,826Net Assets 2013: $3,226,5472013Assets 2014: $8,870,796Liabilities 2014: $3,422,208Net Assets 2014: $5,448,5882014Assets 2015: $11,681,191Liabilities 2015: $4,595,403Net Assets 2015: $7,085,7882015Assets 2016: $11,573,304Liabilities 2016: $3,274,673Net Assets 2016: $8,298,6312016Assets 2017: $12,790,802Liabilities 2017: $3,033,293Net Assets 2017: $9,757,5092017Assets 2018: $25,547,041Liabilities 2018: $3,702,887Net Assets 2018: $21,844,1542018Assets 2019: $28,841,169Liabilities 2019: $4,522,282Net Assets 2019: $24,318,8872019Assets 2020: $30,041,870Liabilities 2020: $6,311,509Net Assets 2020: $23,730,3612020Assets 2021: $28,886,956Liabilities 2021: $5,146,556Net Assets 2021: $23,740,4002021Assets 2022: $28,353,989Liabilities 2022: $4,289,956Net Assets 2022: $24,064,0332022Assets 2023: $28,150,062Liabilities 2023: $3,810,830Net Assets 2023: $24,339,2322023Assets 2024: $31,594,227Liabilities 2024: $3,513,263Net Assets 2024: $28,080,9642024Assets 2025: $32,011,597Liabilities 2025: $3,537,930Net Assets 2025: $28,473,6672025

Highlighted filing

2018

Assets$25,547,041
Liabilities$3,702,887
Net Assets$21,844,154

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,127,6762010Expenses 2011: $3,366,9172011Expenses 2012: $3,087,9652012Expenses 2013: $3,814,5912013Revenue 2014: $4,263,921Expenses 2014: $2,879,688Net Income 2014: $1,384,2332014Revenue 2015: $5,094,811Expenses 2015: $3,457,611Net Income 2015: $1,637,2002015Revenue 2016: $5,489,333Expenses 2016: $4,276,490Net Income 2016: $1,212,8432016Revenue 2017: $6,513,378Expenses 2017: $4,950,340Net Income 2017: $1,563,0382017Revenue 2018: $18,993,138Expenses 2018: $6,718,595Net Income 2018: $12,274,5432018Revenue 2019: $9,567,716Expenses 2019: $7,108,227Net Income 2019: $2,459,4892019Revenue 2020: $7,642,743Expenses 2020: $7,761,473Net Income 2020: -$118,7302020Revenue 2021: $6,744,741Expenses 2021: $6,939,267Net Income 2021: -$194,5262021Revenue 2022: $8,906,158Expenses 2022: $9,048,538Net Income 2022: -$142,3802022Revenue 2023: $10,652,454Expenses 2023: $10,523,817Net Income 2023: $128,6372023Revenue 2024: $17,208,193Expenses 2024: $13,337,464Net Income 2024: $3,870,7292024Revenue 2025: $17,331,642Expenses 2025: $16,862,390Net Income 2025: $469,2522025

Highlighted filing

2018

Revenue$18,993,138
Expenses$6,718,595
Net Income$12,274,543
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 12, 2018
Return Version
2017v2.2
Gross Receipts
$19,734,649
Mission and Program Overview

Mission

A highly acclaimed nonprofit middle school in atlanta, ga that promotes innovation and engages its students through energetic teaching balanced by a strict code of discipline. Our goal is to extend our reach beyond our student body by having an impact upon students everywhere.

To deliver the highest quality educational experience where global citizens are born through advanced rigor, engaging teaching methods, and a passionate climate and culture.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,845,336$9,984,077▲ $1,138,741
Savings and Temporary Cash Investments$2,164,834$9,376,313▲ $7,211,479
Pledges and Grants Receivable$110,000$4,675,807▲ $4,565,807
Cash and Non-Interest-Bearing Accounts$1,374,193$1,276,942▼ $97,251
Intangible Assets$7,154$92,577▲ $85,423
Inventories for Sale or Use$69,794$68,368▼ $1,426
Accounts Receivable$219,491$60,580▼ $158,911
Prepaid Expenses and Deferred Charges-$12,377-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Total Assets$12,790,802$25,547,041▲ $12,756,239
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,557,410$2,501,350▼ $56,060
Deferred Revenue$342,890$899,500▲ $556,610
Accounts Payable and Accrued Expenses$123,693$185,766▲ $62,073
Other Liabilities$9,300$116,271▲ $106,971
Total Liabilities$3,033,293$3,702,887▲ $669,594
Net Assets / Fund Balance
Temporarily Rstr Net Assets$106,000$11,402,515▲ $11,296,515
Unrestricted Net Assets$9,651,509$10,441,639▲ $790,130
Total Net Assets Fund Balance$9,757,509$21,844,154▲ $12,086,645
Total Liabilities and Net Assets / Fund Balance$12,790,802$25,547,041▲ $12,756,239

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,842,076$1,003,818$7,845,894
Land$2,054,832-$2,054,832
Other Land Buildings$967,535$977,632$1,945,167
Equipment$119,634$484,102$603,736
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kim BeardenExecutive DirectorFT$141,054$8,224$149,278
Ron ClarkFounderFT$133,000$8,224$141,224

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
1source ServiceRepairs & Maint1749 BREWER BLVD SW, Atlanta, GA 30310$282,201
Global Protective ServicesSecurity ServicesPO BOX 720477, Atlanta, GA 30358$157,287
Revenue and Support

Revenue Composition

Contributions and Grants
$12,726,345
Program Service Revenue
$6,210,273
Investment Income
$38,214
Other Revenue
$18,306
All Other Contributions
$12,726,345
Change in Net Assets
$12,274,543

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$50,000Fair Market Value (FMV)
Other Non Cash Contri Table3$5,061Fair Market Value (FMV)
Total Noncash Contributions4$55,061-

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,615,138
Revenue Not Reported on Financial Statements
$378,000
Revenue Not Reported on Form 990
$37,622
Other Revenue Adjustments
$378,000
Total Revenue per Audited Statements
$18,652,760
Total Revenue per Form 990
$18,993,138
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,762,202
Salaries, Compensation, and Employee Benefits$2,578,393
Total Fundraising Expense$387,381
Grants and Similar Amounts Paid$378,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,349,830$336,725$152,566$1,839,121
Travel$752,425--$752,425
Depreciation Depletion$409,954$22,775$22,775$455,504
Occupancy$328,625$28,496$22,652$379,773
Grants to Domestic Individuals$378,000--$378,000
Current Officers, Directors, Trustees, and Key Employees$137,027$68,513$68,513$274,053
Other Employee Benefits$145,235$39,584$21,595$206,414
Payroll Taxes$121,425$33,094$18,055$172,574
Office Expenses$89,194$24,309$13,262$126,765
Fees for Services Other$104,981$6,764$6,232$117,977
Interest-$113,220-$113,220
Pension Plan Contributions$60,673$16,536$9,022$86,231
Fees for Services Accounting$50,206$13,683$7,465$71,354
Insurance$60,155$5,549$4,289$69,993
Information Technology$44,086$2,449$2,449$48,984
Other Expenses$8,541$2,328$1,270$12,139
Advertising-$1,939$1,939$3,878
Total Functional Expenses$5,553,894$777,320$387,381$6,718,595

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,718,595
Total Expenses per Audited Statements$6,459,144
Expenses per Audited Statements$6,340,595
Expenses Not Reported on Financial Statements$378,000
Other Expense Adjustments$378,000
Expenses Not Reported on Form 990$118,549
International Activity

International Summary

Spending
$501,688

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe-london, Paris, BarcelonField Trip for StudentsField Trip for Students00$168,747
JapanField Trip for StudentsField Trip for Students00$154,866
South AfricaField Trip for StudentsField Trip for Students00$117,572
GalapagosField Trip for StudentsField Trip for Students00$60,503
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$585,170
Fundraising Gross Income$538,773
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
10th Anniversary Gala$522,626$522,626$558,095$-35,469
RCA Annual Musical$16,147$16,147$27,075$-10,928
Total Events$538,773$538,773$585,170$-46,397
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
fmv OF INTEREST RATE SWAP$116,271
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Reviewed by treasurer, presented to board

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Oral and written disclosure to board and auditors

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation determined by board approval

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation determined by board approval

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents available upon written request

Filing and Contact Details

Filer

Filer Name
Ron Clark Academy Inc
EIN
20-3028755
Phone
7709737755
Address
228 MARGARET STREET, ATLANTA, GA 30315

Signing Officer

Name
Jason Madsen
Title
Treasurer
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Madsen
Voting Board Members
22
Independent Board Members
20
Employees
42
Volunteers
200

Preparer

Firm
Blad & Associates Pc
Address
1832 Independence Square Ste A, Dunwoody, GA 30338
Preparer
Robert S Blad CPA
Phone
7705127600
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Bad debt expense- contributions = -$80927

Other Changes In Net Assets Or Fund Balances - Other Decreases

Unrealized loss on interest swap = -$106971

Financial Statement Notes

Part X : FIN48 Footnote

The Organization recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authority, based on the technical merits of the position. As of June 30, 2018 and 2017, there are no known items which would result in a material accrual related to where the Organization has federal or state attributable tax positions. Generally, the taxing authorities have three years to examine a tax return from the later of the filing date or the extended due date.

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Tution scholarship $378000

Part XII, Line 2D: Other expenses and losses per audited F/S

Bad debt expense- contributions $80927

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Tution scholarship $378000

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$32.0$3.54$28.5$17.3$16.9$0.47
2024Detailed filing. Detailed filing data is available for this year.$31.6$3.51$28.1$17.2$13.3$3.87
2023Detailed filing. Detailed filing data is available for this year.$28.2$3.81$24.3$10.7$10.5$0.13
2022Detailed filing. Detailed filing data is available for this year.$28.4$4.29$24.1$8.91$9.05$0.14
2021Detailed filing. Detailed filing data is available for this year.$28.9$5.15$23.7$6.74$6.94$0.19
2020Detailed filing. Detailed filing data is available for this year.$30.0$6.31$23.7$7.64$7.76$0.12
2019Detailed filing. Detailed filing data is available for this year.$28.8$4.52$24.3$9.57$7.11$2.46
2018Detailed filing. Detailed filing data is available for this year.$25.5$3.70$21.8$19.0$6.72$12.3
2017Detailed filing. Detailed filing data is available for this year.$12.8$3.03$9.76$6.51$4.95$1.56
2016Detailed filing. Detailed filing data is available for this year.$11.6$3.27$8.30$5.49$4.28$1.21
2015Detailed filing. Detailed filing data is available for this year.$11.7$4.60$7.09$5.09$3.46$1.64
2014Detailed filing. Detailed filing data is available for this year.$8.87$3.42$5.45$4.26$2.88$1.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.11$2.89$3.23$3.81
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.99$0.07$2.92$3.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$0.04$2.16$3.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.00$2.30$3.13