Civic Intelligence

New Classical Academy Incorporated

990 • Fiscal year 2017 • EIN 20-3546735

Jul 01, 2016 to Jun 30, 2017 • Filed on May 07, 2018

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

0.63x

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

2017 filings • NTEE B • <$500k nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

0.21x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • NTEE B • <$500k nonprofits • Source year 2017

Net Margin

40th percentile

0.2%

Higher net margin than 40% of similar nonprofits.

2017 filings • NTEE B • <$500k nonprofits • Source year 2017

Top Officer Pay

95th percentile

$50,851

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 14.6% of source-year revenue.

2017 filings • NTEE B • <$500k nonprofits • Source year 2017

Asset Growth

69th percentile

17%

Faster asset growth than 69% of similar nonprofits.

2017 filings • NTEE B • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

41st percentile

-4.2%

Faster revenue growth than 41% of similar nonprofits.

2017 filings • NTEE B • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$117,524

Up $17,030 (+17%) from 2016

Net Assets

Up

$42,967

Up $715 (+1.7%) from 2016

Liabilities

Up

$74,557

Up $16,315 (+28%) from 2016

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin40th percentile

Revenue

Down

$347,919

Down $15,263 (-4.2%) from 2016

Expenses

Up

$347,205

Up $1,090 (+0.3%) from 2016

Net Income

Down

$714

Down $16,353 (-96%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth69th 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

2017

Assets$117,524
Liabilities$74,557
Net Assets$42,967
Open 2017 Filing

Operations Trend

Revenue Growth41st 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

2017

Revenue$347,919
Expenses$347,205
Net Income$714
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 7, 2018
Return Version
2016v3.1
Gross Receipts
$347,919
Mission and Program Overview

Mission

Private school serving grades k-8

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$71,163$91,541▲ $20,378
Rtn Earn Endowment Incm Other Fnds$42,252$42,967▲ $715
Land, Buildings, and Equipment, Net$6,835$6,608▼ $227
Prepaid Expenses and Deferred Charges$6,000$6,000→ $0
Savings and Temporary Cash Investments$5,861$5,863▲ $2
Inventories for Sale or Use$6,942$5,742▼ $1,200
Accounts Receivable$3,515$1,592▼ $1,923
Other Notes and Loans Receivable, Net$178$178→ $0
Total Assets$100,494$117,524▲ $17,030
Liabilities
Deferred Revenue$58,222$74,555▲ $16,333
Other Liabilities$20$2▼ $18
Total Liabilities$58,242$74,557▲ $16,315
Net Assets / Fund Balance
Total Net Assets Fund Balance$42,252$42,967▲ $715
Total Liabilities and Net Assets / Fund Balance$100,494$117,524▲ $17,030

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,553$11,560$13,113
Equipment$5,055$2,864$7,919
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Andrew M CrossDirectorFT$50,851$50,851
Revenue and Support

Revenue Composition

Contributions and Grants
$15,462
Program Service Revenue
$332,455
Investment Income
$2
Other Revenue
$0
All Other Contributions
$15,462
Change in Net Assets
$714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$223,539
Other Expenses$123,666
Total Fundraising Expense$10,969
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$137,960--$137,960
Occupancy$58,192--$58,192
Current Officers, Directors, Trustees, and Key Employees$33,901$11,865$5,085$50,851
Payroll Taxes$33,413$921$394$34,728
All Other Expenses$14,400-$5,490$19,890
Other Expenses$5,726--$5,726
Fees for Services Accounting$4,482--$4,482
Conferences and Meetings$3,292--$3,292
Depreciation Depletion$2,368--$2,368
Total Functional Expenses$323,450$12,786$10,969$347,205
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$2
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
2018-05-07

Organization Details

Principal Officer
Andrew M Cross
Voting Board Members
1
Independent Board Members
0
Employees
9

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”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 1”

Raw XML Appendix306 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0100494
IRS990/TotalAssetsEOYAmt0117524
IRS990/TotalAssetsGrp/BOYAmt0100494
IRS990/TotalAssetsGrp/EOYAmt0117524
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt015462
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010969
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012786
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0323450
IRS990/TotalFunctionalExpensesGrp/TotalAmt0347205
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt058242
IRS990/TotalLiabilitiesEOYAmt074557
IRS990/TotalLiabilitiesGrp/BOYAmt058242
IRS990/TotalLiabilitiesGrp/EOYAmt074557
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt042252
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt042967
IRS990/TotalProgramServiceExpensesAmt0323450
IRS990/TotalProgramServiceRevenueAmt0332455
IRS990/TotalReportableCompFromOrgAmt050851
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0332457
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0347919
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0100494
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0117524
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.THENEWCLASSICALACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREW M CROSS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08282251993
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-07
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/FilingSecurityInformation/AtSubmissionCreationDeviceId03D18B007A6006BD60B6D3C531420A2D5B67D5FE4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03D18B007A6006BD60B6D3C531420A2D5B67D5FE4
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/PreparationDt02018-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DINAH CANTWELL
ReturnHeader/ReturnTs02018-05-07T09:32:52-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$117,524
Liabilities
$74,557
Net assets
$42,967
Revenue
$347,919
Expenses
$347,205
Net income
$714
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