Civic Intelligence

Rocky Mount Academy

990 • Fiscal year 2024 • EIN 23-7005337

Jul 01, 2023 to Jun 30, 2024 • Filed on Dec 06, 2024

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

54th percentile

0.30x

Higher debt load relative to assets than 54% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.31x

Higher debt load relative to revenue than 59% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Source year 2024

Net Margin

32nd percentile

-0.8%

Higher net margin than 32% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

78th percentile

$225,000

Higher top officer pay than 78% of similar nonprofits.

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

2024 filings • NTEE B • $5M-$10M nonprofits • Source year 2024

Asset Growth

31st percentile

-1.7%

Faster asset growth than 31% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$7,671,943

Down $10,811 (-0.1%) from 2022

Net Assets

Up

$5,388,210

Up $130,586 (+2.5%) from 2022

Liabilities

Down

$2,283,733

Down $141,397 (-5.8%) from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin32nd percentile

Revenue

Up

$7,254,637

Up $17,733 (+0.2%) from 2022

Expenses

Up

$7,315,088

Up $60,284 (+0.8%) from 2022

Net Income

Down

-$60,451

Down $42,551 (-238%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth31st 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: $5,257,6242022Assets 2024: $7,671,943Liabilities 2024: $2,283,733Net Assets 2024: $5,388,2102024

Highlighted filing

2024

Assets$7,671,943
Liabilities$2,283,733
Net Assets$5,388,210
Open 2024 Filing

Operations Trend

Revenue Growth57th 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: -$17,9002022Revenue 2024: $7,254,637Expenses 2024: $7,315,088Net Income 2024: -$60,4512024

Highlighted filing

2024

Revenue$7,254,637
Expenses$7,315,088
Net Income-$60,451
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 6, 2024
Return Version
2023v5.0
Gross Receipts
$7,254,637
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$5,036,521$4,758,544▼ $277,977
Investments in Publicly Traded Securities$2,385,749$2,566,941▲ $181,192
Savings and Temporary Cash Investments$63,035$223,894▲ $160,859
Cash and Non-Interest-Bearing Accounts$164,050$101,115▼ $62,935
Intangible Assets-$10,350-
Accounts Receivable$116,850$8,304▼ $108,546
Inventories for Sale or Use$1,558$1,558→ $0
Prepaid Expenses and Deferred Charges$31,954$1,237▼ $30,717
Total Assets$7,805,713$7,671,943▼ $133,770
Other Assets Total$5,996--
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,365,532$1,149,190▼ $216,342
Accounts Payable and Accrued Expenses$556,410$887,154▲ $330,744
Other Liabilities$412,552$247,389▼ $165,163
Total Liabilities$2,334,494$2,283,733▼ $50,761
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,203,451$2,826,174▼ $377,277
Net Assets With Donor Restrictions$2,267,768$2,562,036▲ $294,268
Total Net Assets Fund Balance$5,471,219$5,388,210▼ $83,009
Total Liabilities and Net Assets / Fund Balance$7,805,713$7,671,943▼ $133,770

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,538,899-$7,538,899
Land$95,604-$95,604
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Beth MurphyHeadmasterFT$225,000$225,000
Patsy BradleyFinance OffiFT$109,145$109,145

Board Members and Trustees

NameTitle
Margaret Ann WootenChair
Katherine FisherVice Chair
Leslie PaszekVice-chairma
Bill Boddie JrTrustee
Elizabeth MillerTrustee
Howard StevensTrustee
Janie Mac PittmanTrustee
Jason KolesarTrustee
Mary MccallTrustee
Mears PittTrustee
William RoederTrustee
Trey ThorneSecretary
E Wayne BosemanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$343,379
Program Service Revenue
$6,296,036
Investment Income
$358,526
Other Revenue
$256,696
All Other Contributions
$343,379
Change in Net Assets
$-60,451

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,254,637
Total Revenue per Audited Statements
$7,254,637
Total Revenue per Form 990
$7,254,637
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,960,491
Other Expenses$2,354,597
Total Fundraising Expense$164,565
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,621,671$281,686$120,722$4,024,079
Other Employee Benefits$472,538$36,753$15,751$525,042
Occupancy$423,057$49,772$24,886$497,715
Depreciation Depletion$451,145--$451,145
Payroll Taxes$306,176--$306,176
All Other Expenses$187,533--$187,533
Pension Plan Contributions$94,674$7,364$3,156$105,194
Insurance$92,723--$92,723
Other Expenses$58,497--$58,497
Fees for Services Accounting$53,865--$53,865
Interest$52,697--$52,697
Office Expenses$38,129--$38,129
Fees for Services Other$847$100$50$997
Total Functional Expenses$6,774,848$375,675$164,565$7,315,088

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,315,088
Total Expenses per Audited Statements$7,315,088
Total Expenses per Form 990$7,315,088
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$154,940
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$154,940$154,940-$154,940
Total Events$154,940$154,940-$154,940
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$121,098
Current Portion Lt Debt$88,000
Other Advanced Receipts$28,901
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
2024-12-06
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
166

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.”

Raw XML AppendixShowing 400 of 474 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/BOYAmt0556410
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0887154
IRS990/AccountsReceivableGrp/BOYAmt0116850
IRS990/AccountsReceivableGrp/EOYAmt08304
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/AllOtherContributionsAmt0343379
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0187533
IRS990/AllOtherExpensesGrp/TotalAmt0187533
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/BOYAmt0164050
IRS990/CashNonInterestBearingGrp/EOYAmt0101115
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0343379
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0358526
IRS990/CYOtherExpensesAmt02354597
IRS990/CYOtherRevenueAmt0256696
IRS990/CYProgramServiceRevenueAmt06296036
IRS990/CYRevenuesLessExpensesAmt0-60451
IRS990/CYSalariesCompEmpBnftPaidAmt04960491
IRS990/CYTotalExpensesAmt07315088
IRS990/CYTotalFundraisingExpenseAmt0164565
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt07254637
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0451145
IRS990/DepreciationDepletionGrp/TotalAmt0451145
IRS990/Desc0OPERATION OF A PRIVATE INDEPENDENT SCHOOL SERVING AROUND 435 STUDENTS FROM K-12.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt02267768
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt02562036
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0166
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt053865
IRS990/FeesForServicesAccountingGrp/TotalAmt053865
IRS990/FeesForServicesOtherGrp/FundraisingAmt050
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0100
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0847
IRS990/FeesForServicesOtherGrp/TotalAmt0997
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
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/PersonNm0BETH MURPHY
IRS990/Form990PartVIISectionAGrp/PersonNm1PATSY BRADLEY
IRS990/Form990PartVIISectionAGrp/PersonNm2E WAYNE BOSEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3KATHERINE FISHER
IRS990/Form990PartVIISectionAGrp/PersonNm4BILL BODDIE JR
IRS990/Form990PartVIISectionAGrp/PersonNm5JASON KOLESAR
IRS990/Form990PartVIISectionAGrp/PersonNm6MARY MCCALL
IRS990/Form990PartVIISectionAGrp/PersonNm7ELIZABETH MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm8LESLIE PASZEK
IRS990/Form990PartVIISectionAGrp/PersonNm9MEARS PITT
IRS990/Form990PartVIISectionAGrp/PersonNm10JANIE MAC PITTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm11WILLIAM ROEDER
IRS990/Form990PartVIISectionAGrp/PersonNm12HOWARD STEVENS
IRS990/Form990PartVIISectionAGrp/PersonNm13TREY THORNE
IRS990/Form990PartVIISectionAGrp/PersonNm14MARGARET ANN WOOTEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0225000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1109145
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/ReportableCompFromOrgAmt100
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/TitleTxt0HEADMASTER
IRS990/Form990PartVIISectionAGrp/TitleTxt1FINANCE OFFI
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE-CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHAIR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01968
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingGrossIncomeAmt0154940
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt07254637
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt092723
IRS990/InsuranceGrp/TotalAmt092723
IRS990/IntangibleAssetsGrp/EOYAmt010350
IRS990/InterestGrp/ProgramServicesAmt052697
IRS990/InterestGrp/TotalAmt052697
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01558
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01558
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0358526
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0358526
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02385749
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02566941
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06742457
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05036521
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04758544
IRS990/LandBldgEquipCostOrOtherBssAmt011501001
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/BOYAmt01365532
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01149190
IRS990/NetAssetsOrFundBalancesBOYAmt05471219
IRS990/NetAssetsOrFundBalancesEOYAmt05388210
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0154940
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0154940
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03203451
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02826174
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt024886
IRS990/OccupancyGrp/ManagementAndGeneralAmt049772
IRS990/OccupancyGrp/ProgramServicesAmt0423057
IRS990/OccupancyGrp/TotalAmt0497715
IRS990/OfficeExpensesGrp/ProgramServicesAmt038129
IRS990/OfficeExpensesGrp/TotalAmt038129
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05996
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt015751
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt036753
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0472538
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0525042
IRS990/OtherExpensesGrp/Desc0CLASSROOM EXPENSES
IRS990/OtherExpensesGrp/Desc1LUNCHROOM EXPENSES
IRS990/OtherExpensesGrp/Desc2ATHLETIC EXPENSES
IRS990/OtherExpensesGrp/Desc3YEARBOOK EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0420125
IRS990/OtherExpensesGrp/ProgramServicesAmt1295582
IRS990/OtherExpensesGrp/ProgramServicesAmt2205589
IRS990/OtherExpensesGrp/ProgramServicesAmt358497
IRS990/OtherExpensesGrp/TotalAmt0420125
IRS990/OtherExpensesGrp/TotalAmt1295582
IRS990/OtherExpensesGrp/TotalAmt2205589
IRS990/OtherExpensesGrp/TotalAmt358497
IRS990/OtherLiabilitiesGrp/BOYAmt0412552
IRS990/OtherLiabilitiesGrp/EOYAmt0247389
IRS990/OtherRevenueMiscGrp/Desc0REFUNDS AND OTHER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0101756
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0101756
IRS990/OtherRevenueTotalAmt0101756
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0120722
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0281686
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03621671
IRS990/OtherSalariesAndWagesGrp/TotalAmt04024079
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0306176
IRS990/PayrollTaxesGrp/TotalAmt0306176
IRS990/PensionPlanContributionsGrp/FundraisingAmt03156
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07364
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt094674
IRS990/PensionPlanContributionsGrp/TotalAmt0105194
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031954
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01237
IRS990/PrincipalOfficerNm0PATSY BRADLEY
IRS990/PriorPeriodAdjustmentsAmt0-22558
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION, FEES, BOOK
IRS990/ProgramServiceRevenueGrp/Desc1LUNCHROOM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05982010
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1314026
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05982010
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1314026
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OPERATION OF A PRIVATE INDEPENDENT SCHOOL SERVING AROUND 435 STUDENTS FROM PRE-K THROUGH 12TH GRADE.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt06774848
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0398436
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0180795
IRS990/PYOtherExpensesAmt01853601
IRS990/PYOtherRevenueAmt0229044
IRS990/PYProgramServiceRevenueAmt05724841
IRS990/PYRevenuesLessExpensesAmt039860
IRS990/PYSalariesCompEmpBnftPaidAmt04639655
IRS990/PYTotalExpensesAmt06493256
IRS990/PYTotalRevenueAmt06533116
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-60451
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt063035
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0223894
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/BookValueAmt07538899
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07538899
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt07315088
IRS990ScheduleD/LandGrp/BookValueAmt095604
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt095604
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0121098
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt188000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt228901
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt39390
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ENROLLMENT DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CURRENT PORTION LT DEBT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER ADVANCED RECEIPTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3REDEEMABLE CERTIFICATES
IRS990ScheduleD/RevenueSubtotalAmt07254637
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07634503
IRS990ScheduleD/TotalExpensesPerForm990Amt07315088
IRS990ScheduleD/TotalLiabilityAmt0247389
IRS990ScheduleD/TotalRevenuePerForm990Amt07254637
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07254637
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07315088
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/GrossReceiptsEvent1Amt0154940
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0154940
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0154940
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0154940
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0154940
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0225000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BETH MURPHY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0HEADMASTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0225000
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPERATION OF A PRIVATE INDEPENDENT SCHOOL SERVING AROUND 435 STUDENTS FROM PRE-K THROUGH 12TH GRADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNMING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL INFORMATION AS REPORTED ON FORM 990 ARE AVAILABLE TO INTERESTED PARTIES UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,671,943
Liabilities
$2,283,733
Net assets
$5,388,210
Revenue
$7,254,637
Expenses
$7,315,088
Net income
-$60,451
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.67$2.28$5.39$7.25$7.32$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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