Civic Intelligence

Healthy Learning Academy Inc.

990 • Fiscal year 2021 • EIN 20-3368422

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

13505 W Newberry RoadNewberry, FL 32669

(352) 372-2279

Siviq Scores

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

Liabilities / Assets

81st percentile

0.43x

Higher debt load relative to assets than 81% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.25x

Higher debt load relative to revenue than 69% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

47th percentile

11%

Higher net margin than 47% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

30th percentile

1.0%

Faster asset growth than 30% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

63rd percentile

26%

Faster revenue growth than 63% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$650,440

Up $6,438 (+1.0%) from 2020

Net Assets

Up

$369,341

Up $162,630 (+79%) from 2020

Liabilities

Down

$281,099

Down $156,192 (-36%) from 2020

Revenue

Up

$1,138,669

Up $232,942 (+26%) from 2020

Expenses

Up

$1,013,142

Up $62,589 (+6.6%) from 2020

Net Income

Up

$125,527

Up $170,353 (+380%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $101,451Liabilities 2011: $4,648Net Assets 2011: $96,8032011Assets 2012: $454,954Liabilities 2012: $359,972Net Assets 2012: $94,9822012Assets 2013: $494,399Liabilities 2013: $352,623Net Assets 2013: $141,7762013Assets 2014: $582,583Liabilities 2014: $444,153Net Assets 2014: $138,4302014Assets 2015: $507,391Liabilities 2015: $372,931Net Assets 2015: $134,4602015Assets 2016: $528,540Liabilities 2016: $378,602Net Assets 2016: $149,9382016Assets 2017: $546,905Liabilities 2017: $364,953Net Assets 2017: $181,9522017Assets 2018: $583,863Liabilities 2018: $346,165Net Assets 2018: $237,6982018Assets 2019: $535,316Liabilities 2019: $329,429Net Assets 2019: $205,8872019Assets 2020: $644,002Liabilities 2020: $437,291Net Assets 2020: $206,7112020Assets 2021: $650,440Liabilities 2021: $281,099Net Assets 2021: $369,3412021Assets 2022: $798,205Liabilities 2022: $270,590Net Assets 2022: $527,6152022Assets 2023: $624,672Liabilities 2023: $253,063Net Assets 2023: $371,6092023

Highlighted filing

2021

Assets$650,440
Liabilities$281,099
Net Assets$369,341

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $412,5912011Revenue 2012: $767,131Expenses 2012: $835,149Net Income 2012: -$68,0182012Expenses 2013: $522,9462013Revenue 2014: $744,839Expenses 2014: $713,690Net Income 2014: $31,1492014Revenue 2015: $721,163Expenses 2015: $728,796Net Income 2015: -$7,6332015Revenue 2016: $768,299Expenses 2016: $762,148Net Income 2016: $6,1512016Revenue 2017: $823,480Expenses 2017: $794,251Net Income 2017: $29,2292017Revenue 2018: $846,930Expenses 2018: $828,910Net Income 2018: $18,0202018Revenue 2019: $836,894Expenses 2019: $904,327Net Income 2019: -$67,4332019Revenue 2020: $905,727Expenses 2020: $950,553Net Income 2020: -$44,8262020Revenue 2021: $1,138,669Expenses 2021: $1,013,142Net Income 2021: $125,5272021Revenue 2022: $1,200,002Expenses 2022: $1,062,559Net Income 2022: $137,4432022Revenue 2023: $1,056,599Expenses 2023: $1,217,436Net Income 2023: -$160,8372023

Highlighted filing

2021

Revenue$1,138,669
Expenses$1,013,142
Net Income$125,527
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.1
Gross Receipts
$1,138,669
Mission and Program Overview

Mission

Elementary Education

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$512,558$531,028▲ $18,470
Cash and Non-Interest-Bearing Accounts$127,658$51,455▼ $76,203
Accounts Receivable$1,063$48,340▲ $47,277
Prepaid Expenses and Deferred Charges$2,698$19,592▲ $16,894
Savings and Temporary Cash Investments$25$25→ $0
Pledges and Grants Receivable$0$0→ $0
Total Assets$644,002$650,440▲ $6,438
Liabilities
Mortgage Notes Payable Secured by Investment Property$427,282$266,987▼ $160,295
Accounts Payable and Accrued Expenses$10,009$14,112▲ $4,103
Total Liabilities$437,291$281,099▼ $156,192
Net Assets / Fund Balance
Net Assets With Donor Restrictions$229,636$283,634▲ $53,998
Net Assets Without Donor Restrictions$-22,925$85,707▲ $108,632
Total Net Assets Fund Balance$206,711$369,341▲ $162,630
Total Liabilities and Net Assets / Fund Balance$644,002$650,440▲ $6,438

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$281,065$100,258$381,323
Land$190,723-$190,723
Leasehold Improvements$53,084$12,145$65,229
Equipment$6,156$14,261$20,417
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bettianne FordChair
Bernd LiesenfeldBoard Member
Jacqueline SwankBoard Member
Sheila CrapoBoard Member
Sharon T SperlingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$213,888
Program Service Revenue
$889,609
Investment Income
$1
Other Revenue
$35,171
All Other Contributions
$10,915
Change in Net Assets
$125,527

Audited Revenue Reconciliation

Revenue per Audited Statements
$962,512
Revenue Not Reported on Financial Statements
$176,157
Other Revenue Adjustments
$176,157
Total Revenue per Audited Statements
$962,512
Total Revenue per Form 990
$1,138,669
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$726,265
Other Expenses$286,877
Total Fundraising Expense$805
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$488,963$110,971$0$599,934
All Other Expenses$53,018$72,389$805$126,212
Occupancy$0$90,260$0$90,260
Other Employee Benefits$41,275$11,700$0$52,975
Payroll Taxes$40,690$9,402$0$50,092
Pension Plan Contributions$18,153$5,111$0$23,264
Insurance$0$17,689$0$17,689
Other Expenses$10,959$4,778$0$15,737
Interest$1,668$12,590$0$14,258
Fees for Services Accounting$0$13,176$0$13,176
Travel$0$2,110$0$2,110
Advertising$0$1,926$0$1,926
Fees for Services Legal$0$183$0$183
Total Functional Expenses$657,072$355,265$805$1,013,142

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,013,142
Expenses per Audited Statements$1,013,141
Total Expenses per Audited Statements$1,013,141
Expenses Not Reported on Financial Statements$1
Other Expense Adjustments$1
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
Governance and Compliance

Governance Checklist

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

Filer

Filer Name
Healthy Learning Academy Inc
EIN
20-3368422
Phone
3523722279
Address
13505 W Newberry Road, Newberry, FL 32669

Signing Officer

Name
Suzanne Borganelli
Title
Principal
Phone
3523722279
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bettianne Ford
Formed
2004
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
22
Volunteers
0

Preparer

Firm
Sharon P Fourakre PA CPA
Address
2691 SE 52nd Street, Ocala, FL 34480
Preparer
Sharon P Fourakre CPA
Phone
3528400600
Supplemental Narrative

Additional Explanations

Pt V, Line 3B

There are no unrelated business income during the tax year.

Pt VI, Line 8A

Meeting minutes reflect the decisions made by the board.

Pt VI, Line 11B

Tax return is kept on file at the School and available for review.

Pt VI, Line 12C

Board and employees review conflict of interest policy and note changes on an annual basis.

Pt VI, Line 19

Policies are stated in the by-laws and are available for public inspection at the School.

Pt XII, Line 1

Tax return has been prepared on a modified accrual basis of accounting.

Pt XII, Line 2C

The financial committee requests bids for review and an independent auditing firm is selected.

Form 990, Part IX, Line 24E

Capitalized FF&E 50879. 0. 50879. 0.

Form 990, Part IX, Line 24E

Postage 159. 0. 159. 0.

Form 990, Part IX, Line 24E

Printing & Duplication 1437. 0. 1437. 0.

Form 990, Part IX, Line 24E

Purchased Services 34555. 30761. 3794. 0.

Form 990, Part IX, Line 24E

Supplies 39182. 22257. 16120. 805.

Financial Statement Notes

Pt XI, Line 4B

See Statement

Pt XII, Line 4B

Rounding

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1131480
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt254743
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt356393
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt42065
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt013736
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0202925
IRS990/PYOtherRevenueAmt04022
IRS990/PYProgramServiceRevenueAmt0887969
IRS990/PYRevenuesLessExpensesAmt0-44826
IRS990/PYSalariesCompEmpBnftPaidAmt0747628
IRS990/PYTotalExpensesAmt0950553
IRS990/PYTotalRevenueAmt0905727
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0125527
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01138669
IRS990/SavingsAndTempCashInvstGrp/BOYAmt025
IRS990/SavingsAndTempCashInvstGrp/EOYAmt025
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0281065
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0100258
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0381323
IRS990ScheduleD/EquipmentGrp/BookValueAmt06156
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014261
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020417
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01
IRS990ScheduleD/ExpensesSubtotalAmt01013141
IRS990ScheduleD/LandGrp/BookValueAmt0190723
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0190723
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt053084
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012145
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt065229
IRS990ScheduleD/OtherExpensesNotIncludedAmt01
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0176157
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0176157
IRS990ScheduleD/RevenueSubtotalAmt0962512
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0See Statement
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Rounding
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 4b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0531028
IRS990ScheduleD/TotalExpensesPerForm990Amt01013142
IRS990ScheduleD/TotalRevenuePerForm990Amt01138669
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0962512
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01013141
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The nondiscriminatory policy is stated specifically in the charter and by-laws of the school. Both are available for public inspection. The nondiscriminatory policy is stated in the charter and by-laws of the School.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The School's right to aid has never been revoked or suspended.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are no unrelated business income during the tax year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Meeting minutes reflect the decisions made by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Tax return is kept on file at the School and available for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board and employees review conflict of interest policy and note changes on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Policies are stated in the by-laws and are available for public inspection at the School.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Tax return has been prepared on a modified accrual basis of accounting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The financial committee requests bids for review and an independent auditing firm is selected.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Capitalized FF&E 50879. 0. 50879. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Postage 159. 0. 159. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Printing & Duplication 1437. 0. 1437. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Purchased Services 34555. 30761. 3794. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Supplies 39182. 22257. 16120. 805.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 3b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XII, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt XII, Line 2c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0644002
IRS990/TotalAssetsEOYAmt0650440
IRS990/TotalAssetsGrp/BOYAmt0644002
IRS990/TotalAssetsGrp/EOYAmt0650440
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0213888
IRS990/TotalEmployeeCnt022
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0805
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0355265
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0657072
IRS990/TotalFunctionalExpensesGrp/TotalAmt01013142

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.62$0.25$0.37$1.06$1.22$0.16
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.27$0.53$1.20$1.06$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.65$0.28$0.37$1.14$1.01$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.44$0.21$0.91$0.95$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.54$0.33$0.21$0.84$0.90$0.07
2018Summary only. Only limited summary data is available for this year.$0.58$0.35$0.24$0.85$0.83$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.36$0.18$0.82$0.79$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.53$0.38$0.15$0.77$0.76$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.51$0.37$0.13$0.72$0.73$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.58$0.44$0.14$0.74$0.71$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.35$0.14$0.52
2012Summary only. Only limited summary data is available for this year.$0.45$0.36$0.09$0.77$0.84$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.00$0.10$0.41