Civic Intelligence

Rocky Mount Academy

990 • Fiscal year 2022 • EIN 23-7005337

Jul 01, 2021 to Jun 30, 2022 • Filed on May 04, 2023

Organization ProfileWWW.RMACADEMY.COM

View Organization Page

1313 Avondale AvenueRocky Mount, NC 27803

(252) 443-4126

Siviq Scores

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

Liabilities / Assets

55th percentile

0.32x

Higher debt load relative to assets than 55% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

63rd percentile

0.34x

Higher debt load relative to revenue than 63% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Net Margin

26th percentile

-0.2%

Higher net margin than 26% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

79th percentile

$222,866

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Asset Growth

26th percentile

-5.0%

Faster asset growth than 26% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

43rd percentile

5.8%

Faster revenue growth than 43% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$7,682,754

Down $404,164 (-5.0%) from 2021

Net Assets

Down

$5,257,624

Down $369,542 (-6.6%) from 2021

Liabilities

Down

$2,425,130

Down $34,622 (-1.4%) from 2021

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin26th percentile

Revenue

Up

$7,236,904

Up $396,708 (+5.8%) from 2021

Expenses

Up

$7,254,804

Up $829,680 (+13%) from 2021

Net Income

Down

-$17,900

Down $432,972 (-104%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$10M$5.0M$0Assets 2011: $3,916,938Liabilities 2011: $1,321,010Net Assets 2011: $2,595,9282011Assets 2012: $3,817,473Liabilities 2012: $1,242,089Net Assets 2012: $2,575,3842012Assets 2013: $4,016,043Liabilities 2013: $1,257,608Net Assets 2013: $2,758,4352013Assets 2014: $4,054,791Liabilities 2014: $1,196,839Net Assets 2014: $2,857,9522014Assets 2015: $4,495,920Liabilities 2015: $1,436,627Net Assets 2015: $3,059,2932015Assets 2016: $4,569,076Liabilities 2016: $1,195,538Net Assets 2016: $3,373,5382016Assets 2017: $5,116,428Liabilities 2017: $1,285,667Net Assets 2017: $3,830,7612017Assets 2020: $7,945,381Liabilities 2020: $3,257,264Net Assets 2020: $4,688,1172020Assets 2021: $8,086,918Liabilities 2021: $2,459,752Net Assets 2021: $5,627,1662021Assets 2022: $7,682,754Liabilities 2022: $2,425,130Net Assets 2022: $5,257,6242022

Highlighted filing

2022

Assets$7,682,754
Liabilities$2,425,130
Net Assets$5,257,624
Open 2022 Filing

Operations Trend

Revenue Growth43rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $4,188,1502011Expenses 2012: $4,889,8652012Expenses 2013: $4,955,2912013Revenue 2014: $5,237,825Expenses 2014: $5,212,530Net Income 2014: $25,2952014Revenue 2015: $5,600,615Expenses 2015: $5,418,511Net Income 2015: $182,1042015Revenue 2016: $5,692,192Expenses 2016: $5,337,011Net Income 2016: $355,1812016Revenue 2017: $6,312,285Expenses 2017: $5,855,062Net Income 2017: $457,2232017Revenue 2020: $6,096,066Expenses 2020: $6,443,061Net Income 2020: -$346,9952020Revenue 2021: $6,840,196Expenses 2021: $6,425,124Net Income 2021: $415,0722021Revenue 2022: $7,236,904Expenses 2022: $7,254,804Net Income 2022: -$17,9002022

Highlighted filing

2022

Revenue$7,236,904
Expenses$7,254,804
Net Income-$17,900
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 4, 2023
Return Version
2021v4.0
Gross Receipts
$7,236,904
Mission and Program Overview

Mission

Rocky mount academy is an independent school with the mission to prepare its students for the challenges, opportunities, and responsibilities that they will encounter in life and college.

Rocky mount academy is an independent school with the mission to prepare it's students for the chanllenges, opportunities and responsibilities that they will encounte in life and college..

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,874,025$5,000,803▲ $126,778
Investments in Publicly Traded Securities$2,326,326$2,026,221▼ $300,105
Savings and Temporary Cash Investments$410,510$297,940▼ $112,570
Cash and Non-Interest-Bearing Accounts$285,249$234,628▼ $50,621
Accounts Receivable$130,598$79,094▼ $51,504
Prepaid Expenses and Deferred Charges$50,117$30,025▼ $20,092
Intangible Assets$8,535$12,485▲ $3,950
Inventories for Sale or Use$1,558$1,558→ $0
Total Assets$8,086,918$7,682,754▼ $404,164
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,507,721$1,397,623▼ $110,098
Other Liabilities$506,965$536,278▲ $29,313
Accounts Payable and Accrued Expenses$445,066$491,229▲ $46,163
Total Liabilities$2,459,752$2,425,130▼ $34,622
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,268,166$3,157,548▼ $110,618
Net Assets With Donor Restrictions$2,359,000$2,100,076▼ $258,924
Total Net Assets Fund Balance$5,627,166$5,257,624▼ $369,542
Total Liabilities and Net Assets / Fund Balance$8,086,918$7,682,754▼ $404,164

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,012,789$3,399,377$7,412,166
Other Land Buildings$71,007$253,114$324,121
Land$95,604-$95,604
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleBaseTotal
Beth MurphyHeadmaster$222,866$222,866
Patsy BradleyFinance Offi$95,235$95,235

Board Members and Trustees

NameTitle
Margaret Ann WootenChair
Leslie PaszekVice-chairma
Bill Boddie JrTrustee
Dr Martha ChestnutTrustee
Howard StevensTrustee
Janie Mac PittmanTrustee
Jason KolesarTrustee
Mary MccallTrustee
Robert LarimerTrustee
William R BatchelorTrustee
William RoederTrustee
Trey ThorneSecretary
E Wayne BosemanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$340,285
Program Service Revenue
$6,521,785
Investment Income
$153,757
Other Revenue
$221,077
All Other Contributions
$340,285
Change in Net Assets
$-17,900

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,236,904
Total Revenue per Audited Statements
$7,236,904
Total Revenue per Form 990
$7,236,904
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,435,153
Other Expenses$1,709,821
Grants and Similar Amounts Paid$1,109,830
Total Fundraising Expense$151,040
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,279,661$255,085$109,322$3,644,068
Grants to Domestic Individuals$1,109,830--$1,109,830
Occupancy$439,865$30,712$13,162$483,739
Other Employee Benefits$383,119$29,798$12,771$425,688
Depreciation Depletion$311,547--$311,547
Payroll Taxes$244,042$18,981$8,135$271,158
All Other Expenses$151,828--$151,828
Pension Plan Contributions$84,815$6,597$2,827$94,239
Office Expenses$70,341$8,275$4,138$82,754
Insurance$59,771$6,641-$66,412
Interest$57,755$6,417-$64,172
Other Expenses$61,551--$61,551
Fees for Services Accounting$6,165-$685$6,850
Total Functional Expenses$6,741,258$362,506$151,040$7,254,804

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,254,804
Expenses per Audited Statements$7,254,797
Total Expenses per Audited Statements$7,254,797
Expenses Not Reported on Financial Statements$7
Other Expense Adjustments$7
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$144,599
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$144,599$144,599-$144,599
Total Events$144,599$144,599-$144,599
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Enrollment Deposits$390,866
Current Portion Lt Debt$87,681
Other Advanced Receipts$48,341
Redeemable Certificates$9,390
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 12C

“The board of trustees is reminded at each meeting of the conflict of interest policy in order to maintain awareness of the policy and the need to follow it closely.”

Form 990, Page 6, Part VI, Line 15A

“The headmaster's salary is determined by independent trustees who use both performance criteria and comparative salary data for individuals leading similar organizations with similar responsibilities. Performance goals are set by the independent trustees annually and salary adjustments are made based on performance and comparable salaries.”

Form 990, Page 6, Part VI, Line 19

“The organization's governming documents, conflict of interest policies, and financial information as reported on form 990 are available to interested parties upon request.”

Filing and Contact Details

Filer

Filer Name
Rocky Mount Academy
EIN
23-7005337
Phone
2524434126
Address
1313 AVONDALE AVENUE, ROCKY MOUNT, NC 27803

Signing Officer

Name
Patsy Bradley
Title
Finance Officer
Phone
2524434126
Signed
2023-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patsy Bradley
Formed
1968
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
0
Employees
167

Preparer

Firm
Flowers & Stanley Llp
Address
PO BOX 579, TARBORO, NC 27886
Preparer
Michael L Stanley
Phone
2528233125
Supplemental Narrative

Additional Explanations

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

“Operation of a private independent school serving around 435 students from pre-k through 12th grade.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 7”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

“Book / tax depreciation difference 7”

Raw XML AppendixShowing 400 of 508 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0445066
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0491229
IRS990/AccountsReceivableGrp/BOYAmt0130598
IRS990/AccountsReceivableGrp/EOYAmt079094
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ROCKY MOUNT ACADEMY IS AN INDEPENDENT SCHOOL WITH THE MISSION TO PREPARE IT'S STUDENTS FOR THE CHANLLENGES, OPPORTUNITIES AND RESPONSIBILITIES THAT THEY WILL ENCOUNTE IN LIFE AND COLLEGE..
IRS990/AllOtherContributionsAmt0340285
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0151828
IRS990/AllOtherExpensesGrp/TotalAmt0151828
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0PATSY BRADLEY
IRS990/BooksInCareOfDetail/PhoneNum02524434126
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01313 AVONDALE ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0ROCKY MOUNT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027803
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0285249
IRS990/CashNonInterestBearingGrp/EOYAmt0234628
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0340285
IRS990/CYGrantsAndSimilarPaidAmt01109830
IRS990/CYInvestmentIncomeAmt0153757
IRS990/CYOtherExpensesAmt01709821
IRS990/CYOtherRevenueAmt0221077
IRS990/CYProgramServiceRevenueAmt06521785
IRS990/CYRevenuesLessExpensesAmt0-17900
IRS990/CYSalariesCompEmpBnftPaidAmt04435153
IRS990/CYTotalExpensesAmt07254804
IRS990/CYTotalFundraisingExpenseAmt0151040
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt07236904
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0311547
IRS990/DepreciationDepletionGrp/TotalAmt0311547
IRS990/Desc0OPERATION OF A PRIVATE INDEPENDENT SCHOOL SERVING AROUND 435 STUDENTS FROM K-12.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt02359000
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt02100076
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0167
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01109830
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt0685
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt06165
IRS990/FeesForServicesAccountingGrp/TotalAmt06850
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0PATSY BRADLEY
IRS990/Form990PartVIISectionAGrp/PersonNm1E WAYNE BOSEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm2HOWARD STEVENS
IRS990/Form990PartVIISectionAGrp/PersonNm3MARGARET ANN WOOTEN
IRS990/Form990PartVIISectionAGrp/PersonNm4MARY MCCALL
IRS990/Form990PartVIISectionAGrp/PersonNm5WILLIAM R BATCHELOR
IRS990/Form990PartVIISectionAGrp/PersonNm6WILLIAM ROEDER
IRS990/Form990PartVIISectionAGrp/PersonNm7DR MARTHA CHESTNUT
IRS990/Form990PartVIISectionAGrp/PersonNm8BILL BODDIE JR
IRS990/Form990PartVIISectionAGrp/PersonNm9JANIE MAC PITTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm10BETH MURPHY
IRS990/Form990PartVIISectionAGrp/PersonNm11JASON KOLESAR
IRS990/Form990PartVIISectionAGrp/PersonNm12ROBERT LARIMER
IRS990/Form990PartVIISectionAGrp/PersonNm13LESLIE PASZEK
IRS990/Form990PartVIISectionAGrp/PersonNm14TREY THORNE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt095235
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10222866
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0FINANCE OFFI
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10HEADMASTER
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE-CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01968
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingGrossIncomeAmt0144599
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantAmt01109830
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01109830
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01109830
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt07236904
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt06641
IRS990/InsuranceGrp/ProgramServicesAmt059771
IRS990/InsuranceGrp/TotalAmt066412
IRS990/IntangibleAssetsGrp/BOYAmt08535
IRS990/IntangibleAssetsGrp/EOYAmt012485
IRS990/InterestGrp/ManagementAndGeneralAmt06417
IRS990/InterestGrp/ProgramServicesAmt057755
IRS990/InterestGrp/TotalAmt064172
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01558
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01558
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0153757
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0153757
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02326326
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02026221
IRS990/IRPDocumentCnt0152
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05966825
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04874025
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05000803
IRS990/LandBldgEquipCostOrOtherBssAmt010967628
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ROCKY MOUNT ACADEMY IS AN INDEPENDENT SCHOOL WITH THE MISSION TO PREPARE IT'S STUDENTS FOR THE CHANLLENGES, OPPORTUNITIES AND RESPONSIBILITIES THAT THEY WILL ENCOUNTE IN LIFE AND COLLEGE..
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01507721
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01397623
IRS990/NetAssetsOrFundBalancesBOYAmt05627166
IRS990/NetAssetsOrFundBalancesEOYAmt05257624
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0144599
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0144599
IRS990/NetUnrlzdGainsLossesInvstAmt0-453385
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03268166
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03157548
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt013162
IRS990/OccupancyGrp/ManagementAndGeneralAmt030712
IRS990/OccupancyGrp/ProgramServicesAmt0439865
IRS990/OccupancyGrp/TotalAmt0483739
IRS990/OfficeExpensesGrp/FundraisingAmt04138
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08275
IRS990/OfficeExpensesGrp/ProgramServicesAmt070341
IRS990/OfficeExpensesGrp/TotalAmt082754
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt07
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt012771
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt029798
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0383119
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0425688
IRS990/OtherExpensesGrp/Desc0LUNCHROOM EXPENSES
IRS990/OtherExpensesGrp/Desc1CLASSROOM EXPENSES
IRS990/OtherExpensesGrp/Desc2ATHLETIC EXPENSES
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/ProgramServicesAmt0238941
IRS990/OtherExpensesGrp/ProgramServicesAmt1137258
IRS990/OtherExpensesGrp/ProgramServicesAmt2104769
IRS990/OtherExpensesGrp/ProgramServicesAmt361551
IRS990/OtherExpensesGrp/TotalAmt0238941
IRS990/OtherExpensesGrp/TotalAmt1137258
IRS990/OtherExpensesGrp/TotalAmt2104769
IRS990/OtherExpensesGrp/TotalAmt361551
IRS990/OtherLiabilitiesGrp/BOYAmt0506965
IRS990/OtherLiabilitiesGrp/EOYAmt0536278
IRS990/OtherRevenueMiscGrp/Desc0REFUNDS AND OTHER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt076478
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt076478
IRS990/OtherRevenueTotalAmt076478
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0109322
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0255085
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03279661
IRS990/OtherSalariesAndWagesGrp/TotalAmt03644068
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt08135
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018981
IRS990/PayrollTaxesGrp/ProgramServicesAmt0244042
IRS990/PayrollTaxesGrp/TotalAmt0271158
IRS990/PensionPlanContributionsGrp/FundraisingAmt02827
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06597
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt084815
IRS990/PensionPlanContributionsGrp/TotalAmt094239
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt050117
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt030025
IRS990/PrincipalOfficerNm0PATSY BRADLEY
IRS990/PriorPeriodAdjustmentsAmt0101736
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION, FEES, BOOK
IRS990/ProgramServiceRevenueGrp/Desc1LUNCHROOM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06263856
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1257929
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06263856
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1257929
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OPERATION OF A PRIVATE INDEPENDENT SCHOOL SERVING AROUND 435 STUDENTS FROM PRE-K THROUGH 12TH GRADE.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt05631428
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0389315
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01015201
IRS990/PYInvestmentIncomeAmt040094
IRS990/PYOtherExpensesAmt01525214
IRS990/PYOtherRevenueAmt0972117
IRS990/PYProgramServiceRevenueAmt05438670
IRS990/PYRevenuesLessExpensesAmt0415072
IRS990/PYSalariesCompEmpBnftPaidAmt03884709
IRS990/PYTotalExpensesAmt06425124
IRS990/PYTotalRevenueAmt06840196
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-17900
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0410510
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0297940
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt04012789
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03399377
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07412166
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt07
IRS990ScheduleD/ExpensesSubtotalAmt07254797
IRS990ScheduleD/LandGrp/BookValueAmt095604
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt095604
IRS990ScheduleD/OtherExpensesNotIncludedAmt07
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt071007
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0253114
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0324121
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0390866
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt187681
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt248341
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt39390
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ENROLLMENT DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CURRENT PORTION LT DEBT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER ADVANCED RECEIPTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3REDEEMABLE CERTIFICATES
IRS990ScheduleD/RevenueSubtotalAmt07236904
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 7
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04179400
IRS990ScheduleD/TotalExpensesPerForm990Amt07254804
IRS990ScheduleD/TotalLiabilityAmt0536278
IRS990ScheduleD/TotalRevenuePerForm990Amt07236904
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07236904
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07254797
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ROCKY MOUNT ACADEMY PUBLISHES ITS RACIAL NONDISCRIMINATORY POLICY IN ITS ADVERTISEMENTS IN VARIOUS LOCAL NEWSPAPERS AND OTHER LOCAL MEDIA OUTLETS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0144599
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0144599
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0144599
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0144599
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0144599
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt076710
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt18000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt21025120
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0NEED-BASED SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1MERIT SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2DISCOUNTED TUITION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0REDUCED TUITION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc1REDUCED TUITION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc2REDUCED TUITION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,682,754
Liabilities
$2,425,130
Net assets
$5,257,624
Revenue
$7,236,904
Expenses
$7,254,804
Net income
-$17,900
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$7.68$2.43$5.26$7.24$7.25$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.09$2.46$5.63$6.84$6.43$0.42
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.95$3.26$4.69$6.10$6.44$0.35
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.12$1.29$3.83$6.31$5.86$0.46
2016Detailed filing. Detailed filing data is available for this year.$4.57$1.20$3.37$5.69$5.34$0.36
2015Detailed filing. Detailed filing data is available for this year.$4.50$1.44$3.06$5.60$5.42$0.18
2014Detailed filing. Detailed filing data is available for this year.$4.05$1.20$2.86$5.24$5.21$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.02$1.26$2.76$4.96
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.82$1.24$2.58$4.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.92$1.32$2.60$4.19