Civic Intelligence

New Classical Academy Incorporated

990 • Fiscal year 2016 • EIN 20-3546735

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 09, 2017

Organization ProfileWWW.THENEWCLASSICALACADEMY.ORG
671 Sand Hill RoadAsheville, NC 28806

(828) 225-1993

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.58x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • NTEE B • <$500k nonprofits • Source year 2016

Liabilities / Revenue

87th percentile

0.16x

Higher debt load relative to revenue than 87% of similar nonprofits.

2016 filings • NTEE B • <$500k nonprofits • Source year 2016

Net Margin

50th percentile

4.7%

Higher net margin than 50% of similar nonprofits.

2016 filings • NTEE B • <$500k nonprofits • Source year 2016

Top Officer Pay

95th percentile

$51,621

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 14.2% of source-year revenue.

2016 filings • NTEE B • <$500k nonprofits • Source year 2016

Asset Growth

76th percentile

28%

Faster asset growth than 76% of similar nonprofits.

2016 filings • NTEE B • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

54th percentile

4.4%

Faster revenue growth than 54% of similar nonprofits.

2016 filings • NTEE B • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$100,494

Up $21,746 (+28%) from 2015

Net Assets

Up

$42,252

Up $17,067 (+68%) from 2015

Liabilities

Up

$58,242

Up $4,679 (+8.7%) from 2015

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin50th percentile

Revenue

Up

$363,182

Up $15,154 (+4.4%) from 2015

Expenses

Up

$346,115

Up $16,019 (+4.9%) from 2015

Net Income

Down

$17,067

Down $865 (-4.8%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $88,887Liabilities 2010: $22,302Net Assets 2010: $66,5852010Assets 2011: $108,426Liabilities 2011: $19,286Net Assets 2011: $89,1402011Assets 2012: $78,998Liabilities 2012: $45,272Net Assets 2012: $33,7262012Assets 2013: $87,160Liabilities 2013: $53,232Net Assets 2013: $33,9282013Assets 2014: $52,566Liabilities 2014: $45,314Net Assets 2014: $7,2522014Assets 2015: $78,748Liabilities 2015: $53,563Net Assets 2015: $25,1852015Assets 2016: $100,494Liabilities 2016: $58,242Net Assets 2016: $42,2522016Assets 2017: $117,524Liabilities 2017: $74,557Net Assets 2017: $42,9672017Assets 2018: $142,492Liabilities 2018: $101,272Net Assets 2018: $41,2202018Assets 2019: $644,491Liabilities 2019: $581,094Net Assets 2019: $63,3972019Assets 2020: $1,076,468Liabilities 2020: $992,933Net Assets 2020: $83,5352020Assets 2021: $1,053,793Liabilities 2021: $913,061Net Assets 2021: $140,7322021Assets 2022: $1,053,869Liabilities 2022: $894,534Net Assets 2022: $159,3352022Assets 2023: $1,038,432Liabilities 2023: $858,160Net Assets 2023: $180,2722023Assets 2024: $1,021,556Liabilities 2024: $855,072Net Assets 2024: $166,4842024

Highlighted filing

2016

Assets$100,494
Liabilities$58,242
Net Assets$42,252
Open 2016 Filing

Operations Trend

Revenue Growth54th percentile

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

$1.0M$500K$0-$500KRevenue 2010: $321,292Expenses 2010: $314,557Net Income 2010: $6,7352010Revenue 2011: $296,770Expenses 2011: $274,217Net Income 2011: $22,5532011Revenue 2012: $228,843Expenses 2012: $284,255Net Income 2012: -$55,4122012Revenue 2013: $262,603Expenses 2013: $262,401Net Income 2013: $2022013Revenue 2014: $264,965Expenses 2014: $291,641Net Income 2014: -$26,6762014Revenue 2015: $348,028Expenses 2015: $330,096Net Income 2015: $17,9322015Revenue 2016: $363,182Expenses 2016: $346,115Net Income 2016: $17,0672016Revenue 2017: $347,919Expenses 2017: $347,205Net Income 2017: $7142017Revenue 2018: $380,269Expenses 2018: $382,016Net Income 2018: -$1,7472018Revenue 2019: $448,979Expenses 2019: $426,802Net Income 2019: $22,1772019Revenue 2020: $504,275Expenses 2020: $484,136Net Income 2020: $20,1392020Revenue 2021: $599,358Expenses 2021: $542,161Net Income 2021: $57,1972021Revenue 2022: $650,794Expenses 2022: $632,191Net Income 2022: $18,6032022Revenue 2023: $705,315Expenses 2023: $684,378Net Income 2023: $20,9372023Revenue 2024: $752,950Expenses 2024: $766,737Net Income 2024: -$13,7872024

Highlighted filing

2016

Revenue$363,182
Expenses$346,115
Net Income$17,067
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 9, 2017
Return Version
2015v3.0
Gross Receipts
$363,182
Mission and Program Overview

Mission

Private school serving grades k-8

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$60,692$71,163▲ $10,471
Rtn Earn Endowment Incm Other Fnds$25,185$42,252▲ $17,067
Inventories for Sale or Use$8,442$6,942▼ $1,500
Land, Buildings, and Equipment, Net$1,494$6,835▲ $5,341
Prepaid Expenses and Deferred Charges-$6,000-
Savings and Temporary Cash Investments$5,859$5,861▲ $2
Accounts Receivable$2,083$3,515▲ $1,432
Other Notes and Loans Receivable, Net$178$178→ $0
Total Assets$78,748$100,494▲ $21,746
Liabilities
Deferred Revenue$53,348$58,222▲ $4,874
Other Liabilities$215$20▼ $195
Total Liabilities$53,563$58,242▲ $4,679
Net Assets / Fund Balance
Total Net Assets Fund Balance$25,185$42,252▲ $17,067
Total Liabilities and Net Assets / Fund Balance$78,748$100,494▲ $21,746
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Andrew M CrossDirectorFT$51,621$51,621
Revenue and Support

Revenue Composition

Contributions and Grants
$15,465
Program Service Revenue
$347,715
Investment Income
$2
Other Revenue
$0
All Other Contributions
$15,465
Change in Net Assets
$17,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$232,130
Other Expenses$113,985
Total Fundraising Expense$9,485
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$143,719--$143,719
Occupancy$53,556--$53,556
Current Officers, Directors, Trustees, and Key Employees$34,414$12,045$5,162$51,621
Payroll Taxes$35,438$946$406$36,790
All Other Expenses$15,490-$3,917$19,407
Other Expenses$5,739--$5,739
Fees for Services Accounting$4,425--$4,425
Conferences and Meetings$3,802--$3,802
Depreciation Depletion$1,478--$1,478
Total Functional Expenses$323,639$12,991$9,485$346,115
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sales Tax$20
N/p Classical Properties-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
The New Classical Academy Inc
EIN
20-3546735
Phone
8282251993
Address
671 SAND HILL ROAD, ASHEVILLE, NC 28806

Signing Officer

Name
Andrew M Cross
Title
Director
Phone
8282251993
Signed
2017-02-09

Organization Details

Principal Officer
Andrew M Cross
Voting Board Members
1
Independent Board Members
0
Employees
8

Preparer

Firm
Platinum Accounting
Address
200 SWANNANOA RIVER RD, ASHEVILLE, NC 28805-2216
Preparer
Dinah Cantwell
Phone
8282520029
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

“That on any friday your family can take the time you need for yourselves distance learning program: your child is enrolled as a private school student and attends school half of the time. We have options for monday, tuesday and friday or wednesday, thursday and friday. Again, keep in mind that fridays are always optional. For the other two days, the student will complete their assigned lessons at home. Once in middle school, this program assumes a high level of academic work and individual responsibility. After one year enrolled in this program in middle school, students must maintain a 3.0 gpa. Home school enrichment program: the third option is for home school students. The student will attend the school on fridays from 9 am to 3 pm. The student will register as a home school student with the state and will attend the school as an enrichment program, participating in all aspects of the school day and being seamlessly integrated into our school community. We will also provide these parents with home school counseling, the opportunity for home school testing and curriculum resources.”

Form 990, Page 2, Part III, Line 4D

“SEE STATEMENT”

Raw XML Appendix295 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THAT ON ANY FRIDAY YOUR FAMILY CAN TAKE THE TIME YOU NEED FOR YOURSELVES DISTANCE LEARNING PROGRAM: YOUR CHILD IS ENROLLED AS A PRIVATE SCHOOL STUDENT AND ATTENDS SCHOOL HALF OF THE TIME. WE HAVE OPTIONS FOR MONDAY, TUESDAY AND FRIDAY OR WEDNESDAY, THURSDAY AND FRIDAY. AGAIN, KEEP IN MIND THAT FRIDAYS ARE ALWAYS OPTIONAL. FOR THE OTHER TWO DAYS, THE STUDENT WILL COMPLETE THEIR ASSIGNED LESSONS AT HOME. ONCE IN MIDDLE SCHOOL, THIS PROGRAM ASSUMES A HIGH LEVEL OF ACADEMIC WORK AND INDIVIDUAL RESPONSIBILITY. AFTER ONE YEAR ENROLLED IN THIS PROGRAM IN MIDDLE SCHOOL, STUDENTS MUST MAINTAIN A 3.0 GPA. HOME SCHOOL ENRICHMENT PROGRAM: THE THIRD OPTION IS FOR HOME SCHOOL STUDENTS. THE STUDENT WILL ATTEND THE SCHOOL ON FRIDAYS FROM 9 AM TO 3 PM. THE STUDENT WILL REGISTER AS A HOME SCHOOL STUDENT WITH THE STATE AND WILL ATTEND THE SCHOOL AS AN ENRICHMENT PROGRAM, PARTICIPATING IN ALL ASPECTS OF THE SCHOOL DAY AND BEING SEAMLESSLY INTEGRATED INTO OUR SCHOOL COMMUNITY. WE WILL ALSO PROVIDE THESE PARENTS WITH HOME SCHOOL COUNSELING, THE OPPORTUNITY FOR HOME SCHOOL TESTING AND CURRICULUM RESOURCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SEE STATEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt078748
IRS990/TotalAssetsEOYAmt0100494
IRS990/TotalAssetsGrp/BOYAmt078748
IRS990/TotalAssetsGrp/EOYAmt0100494
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt015465
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09485
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012991
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0323639
IRS990/TotalFunctionalExpensesGrp/TotalAmt0346115
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt053563
IRS990/TotalLiabilitiesEOYAmt058242
IRS990/TotalLiabilitiesGrp/BOYAmt053563
IRS990/TotalLiabilitiesGrp/EOYAmt058242
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt025185
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt042252
IRS990/TotalOtherProgSrvcExpenseAmt0323639
IRS990/TotalProgramServiceExpensesAmt0323639
IRS990/TotalProgramServiceRevenueAmt0347715
IRS990/TotalReportableCompFromOrgAmt051621
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0347717
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0363182
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt078748
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0100494
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.THENEWCLASSICALACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREW M CROSS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08282251993
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE NEW CLASSICAL ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0NEWC
ReturnHeader/Filer/EIN0203546735
ReturnHeader/Filer/PhoneNum08282251993
ReturnHeader/Filer/USAddress/AddressLine1Txt0671 SAND HILL ROAD
ReturnHeader/Filer/USAddress/CityNm0ASHEVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028806
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PLATINUM ACCOUNTING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 SWANNANOA RIVER RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ASHEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0288052216
ReturnHeader/PreparerPersonGrp/PhoneNum08282520029
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DINAH CANTWELL
ReturnHeader/ReturnTs02017-02-10T13:40:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$100,494
Liabilities
$58,242
Net assets
$42,252
Revenue
$363,182
Expenses
$346,115
Net income
$17,067
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.02$0.86$0.17$0.75$0.77$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.04$0.86$0.18$0.71$0.68$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.05$0.89$0.16$0.65$0.63$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.05$0.91$0.14$0.60$0.54$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.08$0.99$0.08$0.50$0.48$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.64$0.58$0.06$0.45$0.43$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.14$0.10$0.04$0.38$0.38$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.12$0.07$0.04$0.35$0.35$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.10$0.06$0.04$0.36$0.35$0.02
2015Summary only. Only limited summary data is available for this year.$0.08$0.05$0.03$0.35$0.33$0.02
2014Summary only. Only limited summary data is available for this year.$0.05$0.05$0.01$0.26$0.29$0.03
2013Summary only. Only limited summary data is available for this year.$0.09$0.05$0.03$0.26$0.26$0.00
2012Summary only. Only limited summary data is available for this year.$0.08$0.05$0.03$0.23$0.28$0.06
2011Summary only. Only limited summary data is available for this year.$0.11$0.02$0.09$0.30$0.27$0.02
2010Summary only. Only limited summary data is available for this year.$0.09$0.02$0.07$0.32$0.31$0.01