Civic Intelligence

Pickens Private School Foundation

EIN 23-7040214 • 501(c)3 • Carrollton, AL

Profile

Our mission is to provide a quality education in a well-disciplined christian environment.

225 Ray Bass RoadCarrollton, AL 35447

www.pickensacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

68th percentile

0.22x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

65th percentile

0.19x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

31st percentile

-3.5%

Higher net margin than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

24th percentile

-4.4%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

43rd percentile

3.9%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$1,865,281

Down $85,580 (-4.4%) from 2024

Liabilities

Down

$408,297

Down $19,444 (-4.5%) from 2024

Net Assets

Down

$1,456,984

Down $66,136 (-4.3%) from 2024

Revenue

Up

$2,120,342

Up $79,090 (+3.9%) from 2024

Expenses

Up

$2,193,918

Up $99,443 (+4.7%) from 2024

Net Income

Down

-$73,576

Down $20,353 (-38%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2016: $1,021,792Liabilities 2016: $47,267Net Assets 2016: $974,5252016Assets 2017: $1,013,023Liabilities 2017: $51,308Net Assets 2017: $961,7152017Assets 2018: $1,048,631Liabilities 2018: $62,040Net Assets 2018: $986,5912018Assets 2019: $1,203,044Liabilities 2019: $121,141Net Assets 2019: $1,081,9032019Assets 2020: $1,385,348Liabilities 2020: $194,755Net Assets 2020: $1,190,5932020Assets 2021: $1,457,520Liabilities 2021: $96,384Net Assets 2021: $1,361,1362021Assets 2022: $1,534,360Liabilities 2022: $143,500Net Assets 2022: $1,390,8602022Assets 2023: $1,952,830Liabilities 2023: $417,402Net Assets 2023: $1,535,4282023Assets 2024: $1,950,861Liabilities 2024: $427,741Net Assets 2024: $1,523,1202024Assets 2025: $1,865,281Liabilities 2025: $408,297Net Assets 2025: $1,456,9842025

Highlighted filing

2025

Assets$1,865,281
Liabilities$408,297
Net Assets$1,456,984

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $1,603,513Expenses 2016: $1,572,971Net Income 2016: $30,5422016Revenue 2017: $1,583,777Expenses 2017: $1,599,175Net Income 2017: -$15,3982017Revenue 2018: $1,680,045Expenses 2018: $1,656,333Net Income 2018: $23,7122018Revenue 2019: $1,722,703Expenses 2019: $1,625,720Net Income 2019: $96,9832019Revenue 2020: $1,660,875Expenses 2020: $1,554,264Net Income 2020: $106,6112020Revenue 2021: $1,600,452Expenses 2021: $1,576,057Net Income 2021: $24,3952021Revenue 2022: $1,652,406Expenses 2022: $1,620,149Net Income 2022: $32,2572022Revenue 2023: $2,181,124Expenses 2023: $2,055,851Net Income 2023: $125,2732023Revenue 2024: $2,041,252Expenses 2024: $2,094,475Net Income 2024: -$53,2232024Revenue 2025: $2,120,342Expenses 2025: $2,193,918Net Income 2025: -$73,5762025

Highlighted filing

2025

Revenue$2,120,342
Expenses$2,193,918
Net Income-$73,576

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2024 to Jul 31, 2025
Signed
Nov 19, 2025
Return Version
2024v5.2
Gross Receipts
$2,120,342
Mission and Program Overview

Mission

Our mission is to provide a quality education in a well-disciplined christian environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,715,351$1,412,598▼ $302,753
Cash and Non-Interest-Bearing Accounts$204,310$413,552▲ $209,242
Inventories for Sale or Use$3,190$4,220▲ $1,030
Total Assets$1,950,861$1,865,281▼ $85,580
Other Assets Total$28,010$34,911▲ $6,901
Liabilities
Deferred Revenue$125,360$405,668▲ $280,308
Unsecured Notes Loans Payable$300,000--
Other Liabilities$2,381$2,629▲ $248
Total Liabilities$427,741$408,297▼ $19,444
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,215,190$1,284,960▲ $69,770
Net Assets With Donor Restrictions$307,930$172,024▼ $135,906
Total Net Assets Fund Balance$1,523,120$1,456,984▼ $66,136
Total Liabilities and Net Assets / Fund Balance$1,950,861$1,865,281▼ $85,580
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michele P BanksHeadmistressFT$98,985$4,522$103,507

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,650,568
Investment Income
$55,714
Other Revenue
$414,060
Change in Net Assets
$-73,576
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,278,086
Salaries, Compensation, and Employee Benefits$915,832
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$831,124--$831,124
Other Expenses$132,668--$132,668
Occupancy$115,019--$115,019
All Other Expenses$89,225--$89,225
Insurance$77,229--$77,229
Payroll Taxes$61,786--$61,786
Information Technology$49,824--$49,824
Pension Plan Contributions$19,220--$19,220
Fees for Services Accounting$7,500--$7,500
Office Expenses$7,095--$7,095
Interest$6,593--$6,593
Fees for Services Legal$4,880--$4,880
Travel$4,140--$4,140
Other Employee Benefits$3,702--$3,702
Conferences and Meetings$2,670--$2,670
Total Functional Expenses$2,193,918$0$0$2,193,918
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
Payroll Liabilities$2,629
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

No review was or will be conducted

Form 990 availability to public Part VI line 18

No documents available to the public

Governing documents etc available to public Part VI line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Pickens Private School Foundation
EIN
23-7040214
In Care Of
% MICHELE P BANKS
Phone
2053678144
Address
225 RAY BASS ROAD, CARROLLTON, AL 35447
Doing Business As
Pickens Academy

Signing Officer

Name
Michele P Banks
Title
Headmaster
Phone
2053678144
Signed
2025-11-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michele P Banks
Formed
1969
Legal Domicile
Al
Voting Board Members
15
Independent Board Members
15
Employees
49

Preparer

Firm
Eubank & Latham PC
Address
103 4th Ave NE, Aliceville, AL 35442
Preparer
Virginia P Latham
Phone
2053736364
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Change in net assets with donor restrictions $7,440

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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt028010
IRS990/OtherAssetsTotalGrp/EOYAmt034911
IRS990/OtherChangesInNetAssetsAmt07440
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03702
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03702
IRS990/OtherExpensesGrp/Desc0CLASS FUNDS
IRS990/OtherExpensesGrp/Desc1ATHLETICS
IRS990/OtherExpensesGrp/Desc2LUNCHROOM
IRS990/OtherExpensesGrp/Desc3CAPITAL FUND
IRS990/OtherExpensesGrp/ProgramServicesAmt0449846
IRS990/OtherExpensesGrp/ProgramServicesAmt1100060
IRS990/OtherExpensesGrp/ProgramServicesAmt2231337
IRS990/OtherExpensesGrp/ProgramServicesAmt3132668
IRS990/OtherExpensesGrp/TotalAmt0449846
IRS990/OtherExpensesGrp/TotalAmt1100060
IRS990/OtherExpensesGrp/TotalAmt2231337
IRS990/OtherExpensesGrp/TotalAmt3132668
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt02381
IRS990/OtherLiabilitiesGrp/EOYAmt02629
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/BusinessCd1611710
IRS990/OtherRevenueMiscGrp/Desc0CLASS FUNDS
IRS990/OtherRevenueMiscGrp/Desc1CAPITAL FUND
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0399800
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt114260
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0399800
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt114260
IRS990/OtherRevenueTotalAmt0414060
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0831124
IRS990/OtherSalariesAndWagesGrp/TotalAmt0831124
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt061786
IRS990/PayrollTaxesGrp/TotalAmt061786
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt019220
IRS990/PensionPlanContributionsGrp/TotalAmt019220
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MICHELE P BANKS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
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IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
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IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2ATHLETICS
IRS990/ProgramServiceRevenueGrp/Desc3DONATIONS
IRS990/ProgramServiceRevenueGrp/Desc4LUNCHROOM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01232868
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110304
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt291567
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt340558
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4275271
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01232868
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110304
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt291567
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt340558
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4275271
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt046166
IRS990/PYOtherExpensesAmt01147808
IRS990/PYOtherRevenueAmt0520797
IRS990/PYProgramServiceRevenueAmt01474289
IRS990/PYRevenuesLessExpensesAmt0-53223
IRS990/PYSalariesCompEmpBnftPaidAmt0946667
IRS990/PYTotalExpensesAmt02094475
IRS990/PYTotalRevenueAmt02041252
IRS990/ReconcilationRevenueExpnssAmt0-73576
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02120342
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01715351
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01412598
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02629
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalLiabilityAmt02629
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
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGE IN NET ASSETS WITH DONOR RESTRICTIONS $7,440
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01950861
IRS990/TotalAssetsEOYAmt01865281
IRS990/TotalAssetsGrp/BOYAmt01950861
IRS990/TotalAssetsGrp/EOYAmt01865281
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt049
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02193918
IRS990/TotalFunctionalExpensesGrp/TotalAmt02193918
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0427741
IRS990/TotalLiabilitiesEOYAmt0408297
IRS990/TotalLiabilitiesGrp/BOYAmt0427741

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