Civic Intelligence

Thomas Heyward Academy Inc.

990 • Fiscal year 2025 • EIN 23-7075014

Jun 01, 2024 to May 31, 2025

1727 Malphrus RoadRidgeland, SC 29936

(843) 726-3673

Siviq Scores

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

Liabilities / Assets

50th percentile

0.06x

Higher debt load relative to assets than 50% of similar nonprofits.

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

Liabilities / Revenue

45th percentile

0.06x

Higher debt load relative to revenue than 45% of similar nonprofits.

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

Net Margin

34th percentile

-0.9%

Higher net margin than 34% of similar nonprofits.

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

Top Officer Pay

67th percentile

$100,000

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

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

Asset Growth

30th percentile

-1.8%

Faster asset growth than 30% of similar nonprofits.

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

Revenue Growth

44th percentile

3.7%

Faster revenue growth than 44% of similar nonprofits.

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

Assets

Down

$2,069,502

Down $38,886 (-1.8%) from 2024

Net Assets

Down

$1,943,434

Down $18,475 (-0.9%) from 2024

Liabilities

Down

$126,068

Down $20,411 (-14%) from 2024

Revenue

Up

$2,151,125

Up $77,476 (+3.7%) from 2024

Expenses

Up

$2,169,600

Up $119,530 (+5.8%) from 2024

Net Income

Down

-$18,475

Down $42,054 (-178%) from 2024

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,636,600Liabilities 2010: $409,005Net Assets 2010: $1,227,5952010Assets 2011: $1,516,962Liabilities 2011: $349,278Net Assets 2011: $1,167,6842011Assets 2012: $1,425,117Liabilities 2012: $290,451Net Assets 2012: $1,134,6662012Assets 2013: $1,457,929Liabilities 2013: $250,038Net Assets 2013: $1,207,8912013Assets 2014: $1,366,808Liabilities 2014: $237,711Net Assets 2014: $1,129,0972014Assets 2015: $1,276,509Liabilities 2015: $244,007Net Assets 2015: $1,032,5022015Assets 2016: $1,223,261Liabilities 2016: $240,865Net Assets 2016: $982,3962016Assets 2017: $1,021,543Liabilities 2017: $157,334Net Assets 2017: $864,2092017Assets 2018: $1,096,043Liabilities 2018: $257,687Net Assets 2018: $838,3562018Assets 2019: $1,461,494Liabilities 2019: $718,004Net Assets 2019: $743,4902019Assets 2020: $1,548,395Liabilities 2020: $899,585Net Assets 2020: $648,8102020Assets 2021: $1,452,047Liabilities 2021: $409,846Net Assets 2021: $1,042,2012021Assets 2022: $1,451,787Liabilities 2022: $356,867Net Assets 2022: $1,094,9202022Assets 2023: $2,165,381Liabilities 2023: $227,051Net Assets 2023: $1,938,3302023Assets 2024: $2,108,388Liabilities 2024: $146,479Net Assets 2024: $1,961,9092024Assets 2025: $2,069,502Liabilities 2025: $126,068Net Assets 2025: $1,943,4342025

Highlighted filing

2025

Assets$2,069,502
Liabilities$126,068
Net Assets$1,943,434

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,833,1832010Expenses 2011: $1,760,1132011Expenses 2012: $1,653,1332012Expenses 2013: $1,611,0712013Revenue 2014: $1,568,272Expenses 2014: $1,647,066Net Income 2014: -$78,7942014Revenue 2015: $1,610,616Expenses 2015: $1,707,211Net Income 2015: -$96,5952015Revenue 2016: $1,650,690Expenses 2016: $1,700,794Net Income 2016: -$50,1042016Revenue 2017: $1,549,754Expenses 2017: $1,667,941Net Income 2017: -$118,1872017Revenue 2018: $1,659,624Expenses 2018: $1,685,477Net Income 2018: -$25,8532018Revenue 2019: $1,764,884Expenses 2019: $1,859,749Net Income 2019: -$94,8652019Revenue 2020: $1,766,678Expenses 2020: $1,861,358Net Income 2020: -$94,6802020Revenue 2021: $1,882,929Expenses 2021: $1,726,904Net Income 2021: $156,0252021Revenue 2022: $1,849,659Expenses 2022: $1,796,937Net Income 2022: $52,7222022Revenue 2023: $2,950,732Expenses 2023: $2,107,322Net Income 2023: $843,4102023Revenue 2024: $2,073,649Expenses 2024: $2,050,070Net Income 2024: $23,5792024Revenue 2025: $2,151,125Expenses 2025: $2,169,600Net Income 2025: -$18,4752025

Highlighted filing

2025

Revenue$2,151,125
Expenses$2,169,600
Net Income-$18,475
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Mar 30, 2026
Return Version
2024v5.2
Gross Receipts
$2,151,125
Mission and Program Overview

Mission

Education of students k4-12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,691,634$1,673,159▼ $18,475
Land, Buildings, and Equipment, Net$1,078,024$1,253,066▲ $175,042
Savings and Temporary Cash Investments$805,803$655,998▼ $149,805
Pd in Cap Srpls Land Bldg Eqp Fund$270,275$270,275→ $0
Accounts Receivable$127,051$129,841▲ $2,790
Cash and Non-Interest-Bearing Accounts$97,510$30,597▼ $66,913
Total Assets$2,108,388$2,069,502▼ $38,886
Liabilities
Accounts Payable and Accrued Expenses$146,479$126,068▼ $20,411
Unsecured Notes Loans Payable$0--
Deferred Revenue$0--
Total Liabilities$146,479$126,068▼ $20,411
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,961,909$1,943,434▼ $18,475
Total Liabilities and Net Assets / Fund Balance$2,108,388$2,069,502▼ $38,886

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$814,209$1,297,279$2,111,488
Other Land Buildings$161,197$478,124$639,321
Equipment$85,620$549,088$634,708
Land$192,040-$192,040
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Scott Gibson IiiHeadmasterFT$100,000$100,000

Board Members and Trustees

NameTitle
Tommy StanleyChairperson
Lena ThomasVice Chairperson
Colby CrosbyMember
Katie RountreeMember
Nicole PalazzoMember
Warren JohnsonMember
Kimberly TaylorSecretary
Jeffery MingledorffTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$160,693
Program Service Revenue
$1,985,731
Investment Income
$4,701
Other Revenue
$0
All Other Contributions
$160,693
Change in Net Assets
$-18,475
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,457,778
Other Expenses$711,822
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,120,887$129,610$0$1,250,497
All Other Expenses$162,954$36,243$0$199,197
Payroll Taxes$93,469$10,386$0$103,855
Current Officers, Directors, Trustees, and Key Employees$90,000$10,000$0$100,000
Depreciation Depletion$77,284$8,587$0$85,871
Insurance$64,550$0$0$64,550
Advertising$0$32,694$0$32,694
Other Expenses$0$18,239$0$18,239
Conferences and Meetings$12,672$4,735$0$17,407
Fees for Services Accounting$0$9,225$0$9,225
Pension Plan Contributions$3,083$343$0$3,426
Office Expenses$0$2,435$0$2,435
Total Functional Expenses$1,878,883$290,717$0$2,169,600
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Thomas Heyward Academy Inc
EIN
23-7075014
Phone
8437263673
Address
1727 MALPHRUS ROAD, RIDGELAND, SC 29936

Signing Officer

Name
Jami Bowen
Title
Financial Manager
Phone
8437263673
Signed
2026-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jamie Bowen
Formed
1970
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
56
Volunteers
10

Preparer

Firm
RAWL & LOWTHER CPAs
Address
PO BOX 1522, RIDGELAND, SC 29936
Preparer
Troy M Lowther CPA
Phone
8437177295
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

All balance sheet and certain income/expense items are verified

Pt VI, Line 15A

Compensaton is determined annually for employess by the governing body

Pt VI, Line 19

Documents can be provided upon request upon approval by the governing body

Pt VI, Line 15B

Compensation is determined annually for employees by the goberning board

Pt VI, Line 18

Documents can be provided upon request and approval by the governing body

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt182358
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt251768
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt333664
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0181385
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03865
IRS990/PYOtherExpensesAmt0759963
IRS990/PYProgramServiceRevenueAmt01888399
IRS990/PYRevenuesLessExpensesAmt023579
IRS990/PYSalariesCompEmpBnftPaidAmt01290107
IRS990/PYTotalExpensesAmt02050070
IRS990/PYTotalRevenueAmt02073649
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-18475
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02151125
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01691634
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01673159
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0805803
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0655998
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0814209
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01297279
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02111488
IRS990ScheduleD/EquipmentGrp/BookValueAmt085620
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0549088
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0634708
IRS990ScheduleD/LandGrp/BookValueAmt0192040
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0192040
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0161197
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0478124
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0639321
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01253066
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/ExplanationTxt0NEWSPAPER ADVERTISEMENTS NEWSPAPER ADVERTISEMENTS
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL BALANCE SHEET AND CERTAIN INCOME/EXPENSE ITEMS ARE VERIFIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATON IS DETERMINED ANNUALLY FOR EMPLOYESS BY THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS CAN BE PROVIDED UPON REQUEST UPON APPROVAL BY THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS DETERMINED ANNUALLY FOR EMPLOYEES BY THE GOBERNING BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS CAN BE PROVIDED UPON REQUEST AND APPROVAL BY THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 18
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02108388
IRS990/TotalAssetsEOYAmt02069502
IRS990/TotalAssetsGrp/BOYAmt02108388
IRS990/TotalAssetsGrp/EOYAmt02069502
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0160693
IRS990/TotalEmployeeCnt056
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0290717
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01878883
IRS990/TotalFunctionalExpensesGrp/TotalAmt02169600
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0146479
IRS990/TotalLiabilitiesEOYAmt0126068
IRS990/TotalLiabilitiesGrp/BOYAmt0146479
IRS990/TotalLiabilitiesGrp/EOYAmt0126068
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01961909
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01943434
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01878883
IRS990/TotalProgramServiceRevenueAmt01985731
IRS990/TotalReportableCompFromOrgAmt0100000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01990432
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02151125
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02108388
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02069502
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01727 MALPHRUS ROAD
IRS990/USAddress/CityNm0RIDGELAND
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029936
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.07$0.13$1.94$2.15$2.17$0.02
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.11$0.15$1.96$2.07$2.05$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.17$0.23$1.94$2.95$2.11$0.84
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$0.36$1.09$1.85$1.80$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.45$0.41$1.04$1.88$1.73$0.16
2020Detailed filing. Detailed filing data is available for this year.$1.55$0.90$0.65$1.77$1.86$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.46$0.72$0.74$1.76$1.86$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.26$0.84$1.66$1.69$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.02$0.16$0.86$1.55$1.67$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$0.24$0.98$1.65$1.70$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.28$0.24$1.03$1.61$1.71$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.37$0.24$1.13$1.57$1.65$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.25$1.21$1.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.29$1.13$1.65
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.52$0.35$1.17$1.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$0.41$1.23$1.83