Civic Intelligence

Majesty Academy Inc

990 • Fiscal year 2015 • EIN 26-0120165

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 11, 2015

Organization Profile WWW.MAJESTYACADEMY.COM

PO Box 911Owensboro, KY 42302

Siviq Scores

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

Higher debt load relative to assets than 85% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Higher debt load relative to revenue than 64% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Higher net margin than 50% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Balance Sheet

Liabilities / Assets85th percentile

Assets

$17,058

No earlier filing loaded for comparison.

Net Assets

$11,930

No earlier filing loaded for comparison.

Liabilities

$5,128

No earlier filing loaded for comparison.

Revenue And Expenses

Liabilities / Revenue64th percentile Net Margin50th percentile

Revenue

$452,509

No earlier filing loaded for comparison.

Expenses

$438,059

No earlier filing loaded for comparison.

Net Income

$14,450

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

Highlighted filing

2015

Assets$17,058

Liabilities$5,128

Net Assets$11,930

Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

Highlighted filing

2015

Revenue$452,509

Expenses$438,059

Net Income$14,450

Open 2015 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2014 to Jun 30, 2015
Signed: Nov 11, 2015
Return Version: 2014v5.0
Gross Receipts: $456,533

Mission and Program Overview

Mission

To provide formal academic instruction with a christian perspective.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$14,500	$13,867	▼ $633
Rtn Earn Endowment Incm Other Fnds	$-2,520	$11,930	▲ $14,450
Cash and Non-Interest-Bearing Accounts	-	$3,191	-
Pd in Cap Srpls Land Bldg Eqp Fund	$0	$0	→ $0
Cap Stk Tr Prin Current Funds	$0	$0	→ $0
Total Assets	$14,500	$17,058	▲ $2,558
Liabilities
Other Liabilities	$17,020	$5,128	▼ $11,892
Total Liabilities	$17,020	$5,128	▼ $11,892
Net Assets / Fund Balance
Total Net Assets Fund Balance	$-2,520	$11,930	▲ $14,450
Total Liabilities and Net Assets / Fund Balance	$14,500	$17,058	▲ $2,558

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$13,597	$4,058	$17,655
Other Land Buildings	$270	$2,475	$2,745

Compensation and Service Providers

Top Officer Pay75th percentile

Board Members and Trustees

Name	Title
Dan Turley	President
Marian Turley	Vice-president
James Shouse	Director
John Allen	Director
Darrell Stites	Secretary/treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $280,255
Program Service Revenue: $153,819
Investment Income: $0
Other Revenue: $18,435
All Other Contributions: $280,255
Change in Net Assets: $14,450

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Salaries, Compensation, and Employee Benefits	$356,366
Other Expenses	$81,693
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Other Salaries and Wages	$261,329	$65,332	-	$326,661
Occupancy	$38,038	$9,509	-	$47,547
Payroll Taxes	$23,764	$5,941	-	$29,705
Fees for Services Accounting	-	$3,132	-	$3,132
Other Expenses	$2,550	$2,344	-	$2,344
All Other Expenses	$2,334	-	-	$2,334
Office Expenses	-	$1,327	-	$1,327
Depreciation Depletion	-	$633	-	$633
Advertising	-	$394	-	$394
Total Functional Expenses	$348,809	$89,250	$0	$438,059

Fundraising, Events, and Gaming

Fundraising activities: Yes
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Fundraising Gross Income	$17,459
Fundraising Direct Expenses	$4,024
Professional Fundraising Fees	$0

Fundraising Events

Event	Gross Receipts	Gross Revenue	Direct Expenses	Net Income
Apple Festival	$5,500	$5,500	$0	$5,500
Butter Braid	$3,434	$3,434	$2,116	$1,318
Total Events	$17,459	$17,459	$4,024	$13,435

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Cash Overdraft	$5,128

Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant: 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, Part VI, Section A, Line 2

“Dan turley, president, and marian turley, vice-president, are married.”

Form 990, Part VI, Section A, Line 8A

“Meetings were not documented in prior years. Beginning in 2010, meetings began being documented.”

Form 990, Part VI, Section A, Line 8B

“Organization does not have committees.”

Form 990, Part VI, Section B, Line 11

“President of the organization reviews form 990 before filing.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Form 990, Part VII

“John allen - 7565 old hwy 81, owensboro, ky 42301.”

Filing and Contact Details

Filer

Filer Name: Majesty Academy Inc
EIN: 26-0120165
Phone: 2709269014
Address: PO BOX 911, OWENSBORO, KY 42302

Signing Officer

Name: Dan Turley
Title: President
Phone: 2709266014
Signed: 2015-11-11
Discuss with paid preparer: Yes

Organization Details

Principal Officer: Dan Turley
Formed: 2005
Legal Domicile: Ky
Voting Board Members: 4
Independent Board Members: 4
Employees: 21
Volunteers: 10

Preparer

Firm: Myriad CPA Group LLC
Address: 1735 FREDERICA STREET, OWENSBORO, KY 42301
Preparer: Kevin Schwartz CPA
Phone: 2706918981

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ScheduleJRequiredInd	0	0
IRS990/ScheduleORequiredInd	0	1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	DAN TURLEY, PRESIDENT, AND MARIAN TURLEY, VICE-PRESIDENT, ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	MEETINGS WERE NOT DOCUMENTED IN PRIOR YEARS. BEGINNING IN 2010, MEETINGS BEGAN BEING DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	ORGANIZATION DOES NOT HAVE COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	PRESIDENT OF THE ORGANIZATION REVIEWS FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	JOHN ALLEN - 7565 OLD HWY 81, OWENSBORO, KY 42301.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	5	FORM 990, PART VII
IRS990/SchoolOperatingInd	0	1
IRS990/SignificantChangeInd	0	0
IRS990/SignificantNewProgramSrvcInd	0	0
IRS990/StatesWhereCopyOfReturnIsFldCd	0	KY
IRS990/SubjectToProxyTaxInd	0	0
IRS990/TaxablePartyNotificationInd	0	0
IRS990/TaxExemptBondsInd	0	0
IRS990/TempOrPermanentEndowmentsInd	0	0
IRS990/TerminateOperationsInd	0	0
IRS990/TotalAssetsBOYAmt	0	14500
IRS990/TotalAssetsEOYAmt	0	17058
IRS990/TotalAssetsGrp/BOYAmt	0	14500
IRS990/TotalAssetsGrp/EOYAmt	0	17058
IRS990/TotalCompGreaterThan150KInd	0	0
IRS990/TotalContributionsAmt	0	280255
IRS990/TotalEmployeeCnt	0	21
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt	0	0
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt	0	89250
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt	0	348809
IRS990/TotalFunctionalExpensesGrp/TotalAmt	0	438059
IRS990/TotalGrossUBIAmt	0	0
IRS990/TotalLiabilitiesBOYAmt	0	17020
IRS990/TotalLiabilitiesEOYAmt	0	5128
IRS990/TotalLiabilitiesGrp/BOYAmt	0	17020
IRS990/TotalLiabilitiesGrp/EOYAmt	0	5128
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt	0	-2520
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt	0	11930
IRS990/TotalOtherCompensationAmt	0	0
IRS990/TotalProgramServiceExpensesAmt	0	348809
IRS990/TotalProgramServiceRevenueAmt	0	153819
IRS990/TotalReportableCompFromOrgAmt	0	0
IRS990/TotalRevenueGrp/ExclusionAmt	0	13435
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	158819
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt	0	452509
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt	0	0
IRS990/TotalVolunteersCnt	0	10
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt	0	14500
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt	0	17058
IRS990/TotReportableCompRltdOrgAmt	0	0
IRS990/TrnsfrExmptNonChrtblRltdOrgInd	0	0
IRS990/TypeOfOrganizationCorpInd	0	X
IRS990/UnrelatedBusIncmOverLimitInd	0	0
IRS990/UponRequestInd	0	X
IRS990/USAddress/AddressLine1Txt	0	PO BOX 911
IRS990/USAddress/CityNm	0	OWENSBORO
IRS990/USAddress/StateAbbreviationCd	0	KY
IRS990/USAddress/ZIPCd	0	42302
IRS990/VotingMembersGoverningBodyCnt	0	4
IRS990/VotingMembersIndependentCnt	0	4
IRS990/WebsiteAddressTxt	0	WWW.MAJESTYACADEMY.COM
IRS990/WhistleblowerPolicyInd	0	0
ReturnHeader/BuildTS	0	2016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	1
ReturnHeader/BusinessOfficerGrp/PersonNm	0	DAN TURLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	2709266014
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2015-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	MAJESTY ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt	0	MAJE
ReturnHeader/Filer/EIN	0	260120165
ReturnHeader/Filer/PhoneNum	0	2709269014
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	PO BOX 911
ReturnHeader/Filer/USAddress/CityNm	0	OWENSBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	KY
ReturnHeader/Filer/USAddress/ZIPCd	0	42302
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	611429497
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	MYRIAD CPA GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	1735 FREDERICA STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	OWENSBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	42301
ReturnHeader/PreparerPersonGrp/PhoneNum	0	2706918981
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2015-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	KEVIN SCHWARTZ CPA
ReturnHeader/ReturnTs	0	2015-11-16T10:23:24-06:00
ReturnHeader/ReturnTypeCd	0	990
ReturnHeader/TaxPeriodBeginDt	0	2014-07-01
ReturnHeader/TaxPeriodEndDt	0	2015-06-30
ReturnHeader/TaxYr	0	2014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Assets: $17,058
Liabilities: $5,128
Net assets: $11,930
Revenue: $452,509
Expenses: $438,059
Net income: $14,450

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2015Detailed filing. Detailed filing data is available for this year.	$0.17	$0.05	$0.12	$4.53	$4.38	$0.14