Civic Intelligence

Ron Clark Academy Inc.

990 • Fiscal year 2020 • EIN 20-3028755

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 08, 2021

228 Margaret StreetAtlanta, GA 30315

(678) 651-2100

Siviq Scores

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

Liabilities / Assets

44th percentile

0.21x

Higher debt load relative to assets than 44% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

72nd percentile

0.83x

Higher debt load relative to revenue than 72% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

29th percentile

-1.6%

Higher net margin than 29% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

61st percentile

$292,711

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

41st percentile

4.2%

Faster asset growth than 41% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

17th percentile

-20%

Faster revenue growth than 17% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Up

$30,041,870

Up $1,200,701 (+4.2%) from 2019

Net Assets

Down

$23,730,361

Down $588,526 (-2.4%) from 2019

Liabilities

Up

$6,311,509

Up $1,789,227 (+40%) from 2019

Revenue

Down

$7,642,743

Down $1,924,973 (-20%) from 2019

Expenses

Up

$7,761,473

Up $653,246 (+9.2%) from 2019

Net Income

Down

-$118,730

Down $2,578,219 (-105%) from 2019

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

2020

Assets$30,041,870
Liabilities$6,311,509
Net Assets$23,730,361

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

2020

Revenue$7,642,743
Expenses$7,761,473
Net Income-$118,730
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 8, 2021
Return Version
2019v5.0
Gross Receipts
$7,888,437
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
Other Notes and Loans Receivable, Net-$12,323,200-
Savings and Temporary Cash Investments$9,403,922$3,544,858▼ $5,859,064
Pledges and Grants Receivable$4,435,927$3,130,320▼ $1,305,607
Land, Buildings, and Equipment, Net$13,304,384$2,182,808▼ $11,121,576
Cash and Non-Interest-Bearing Accounts$1,521,250$734,658▼ $786,592
Inventories for Sale or Use$70,183$154,666▲ $84,483
Accounts Receivable$68,847$67,324▼ $1,523
Prepaid Expenses and Deferred Charges$31,656$51,560▲ $19,904
Intangible Assets$5,000$5,000→ $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$28,841,169$30,041,870▲ $1,200,701
Other Assets Total-$7,847,476-
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,121,973$3,131,468▲ $1,009,495
Accounts Payable and Accrued Expenses$1,414,442$1,561,819▲ $147,377
Deferred Revenue$888,820$975,622▲ $86,802
Unsecured Notes Loans Payable-$642,600-
Other Liabilities$97,047--
Total Liabilities$4,522,282$6,311,509▲ $1,789,227
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,491,341$23,418,348▲ $8,927,007
Net Assets With Donor Restrictions$9,827,546$312,013▼ $9,515,533
Total Net Assets Fund Balance$24,318,887$23,730,361▼ $588,526
Total Liabilities and Net Assets / Fund Balance$28,841,169$30,041,870▲ $1,200,701

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,937,164$1,447,446$3,384,610
Equipment$245,644$671,092$916,736
Other Assets Org$7,847,476--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kim BeardenExecutive DirectorFT$271,920$20,791$292,711
Ron ClarkFounderFT$270,459$20,821$291,280

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
1source ServiceRepairs & Maint1749 BREWER BLVD SW, Atlanta, GA 30310-
BakerAudio/video2195 N NORCROSS TUCKER RD, Norcross, GA 30071-
Je DunnConstruction2555 CUMBERLAND PKWY SE, Atlanta, GA 30339-
Lord Aeck SargentArchitect1175 PEACHTREE ST NE 2400, Atlanta, GA 30306-
Tyrannosaurus TechApp Development695 PYLANT ST NE 101, Atlanta, GA 30306-
Revenue and Support

Revenue Composition

Contributions and Grants
$1,797,921
Program Service Revenue
$5,653,306
Investment Income
$45,172
Other Revenue
$146,344
All Other Contributions
$1,797,921
Change in Net Assets
$-118,730
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,860,529
Salaries, Compensation, and Employee Benefits$3,742,879
Total Fundraising Expense$555,297
Grants and Similar Amounts Paid$158,065
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,764,176$580,274$189,984$2,534,434
Occupancy$734,713$54,731$45,814$835,258
Current Officers, Directors, Trustees, and Key Employees$285,086$142,540$142,540$570,166
Depreciation Depletion$460,258$25,570$25,570$511,398
Travel$440,779--$440,779
Other Employee Benefits$269,124$94,925$43,670$407,719
Information Technology$245,455$105,723$46,704$397,882
Payroll Taxes$152,186$53,679$24,695$230,560
Grants to Domestic Individuals$158,065--$158,065
Interest-$85,818-$85,818
Fees for Services Accounting-$76,203-$76,203
Other Expenses$67,167$22,771$10,476$67,167
All Other Expenses$40,514$12,569$5,784$58,867
Office Expenses$31,100$10,970$5,046$47,116
Fees for Services Legal$6,061$2,138$983$9,182
Fees for Services Other$4,982$1,757$808$7,547
Advertising-$1,383$1,383$2,766
Total Functional Expenses$5,923,285$1,282,891$555,297$7,761,473
International Activity

International Summary

Spending
$326,154

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
JapanField Trip for StudentsField Trip for Students00$131,463
South AfricaField Trip for StudentsField Trip for Students00$104,197
EngladField Trip for StudentsField Trip for Students00$90,494
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$47,535
Fundraising Gross Income$4,230
Professional Fundraising Fees$0
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-
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 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
Yes
Audited financial statements prepared
Yes
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
6786512100
Address
228 MARGARET STREET, ATLANTA, GA 30315

Signing Officer

Name
Kim Bearden
Title
Executive Director
Signed
2021-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Bearden
Formed
2005
Legal Domicile
Ga
Voting Board Members
25
Independent Board Members
23
Employees
50
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

LOSS = -$469796

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, 2020 and 2019, 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm22SHAWL PRYOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1FOUNDER
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Finance Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13DEVELOPM CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt20Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt21Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt22GOVERNANC CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt23Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt24Trustee
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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.$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