Civic Intelligence

Genesis Academy Inc

990 • Fiscal year 2017 • EIN 26-0175731

Jan 01, 2017 to Dec 31, 2017 • Filed on May 18, 2018

Organization Profile
1867 US Hwy 19EBurnsville, NC 28714

(828) 682-4828

Siviq Scores

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

Liabilities / Assets

91st percentile

0.42x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • NTEE B • <$500k nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

0.35x

Higher debt load relative to revenue than 92% of similar nonprofits.

2017 filings • NTEE B • <$500k nonprofits • Source year 2017

Net Margin

69th percentile

17%

Higher net margin than 69% of similar nonprofits.

2017 filings • NTEE B • <$500k nonprofits • Source year 2017

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

2017 filings • NTEE B • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

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

Source year 2017

Revenue Growth

Score unavailable

No value available

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

Source year 2017

Balance Sheet
Liabilities / Assets91st percentile

Assets

$195,194

No earlier filing loaded for comparison.

Net Assets

$112,734

No earlier filing loaded for comparison.

Liabilities

$82,460

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin69th percentile

Revenue

$234,247

No earlier filing loaded for comparison.

Expenses

$195,481

No earlier filing loaded for comparison.

Net Income

$38,766

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.

$400K$300K$200K$100K$0Assets 2017: $195,194Liabilities 2017: $82,460Net Assets 2017: $112,7342017Assets 2018: $216,153Liabilities 2018: $51,382Net Assets 2018: $164,7712018Assets 2019: $235,782Liabilities 2019: $69,162Net Assets 2019: $166,6202019Assets 2020: $226,231Liabilities 2020: $59,404Net Assets 2020: $166,8272020Assets 2021: $244,521Liabilities 2021: $26,128Net Assets 2021: $218,3932021Assets 2022: $266,087Liabilities 2022: $8,245Net Assets 2022: $257,8422022Assets 2023: $311,849Liabilities 2023: $7,876Net Assets 2023: $303,9732023Assets 2024: $342,605Liabilities 2024: $7,024Net Assets 2024: $335,5812024

Highlighted filing

2017

Assets$195,194
Liabilities$82,460
Net Assets$112,734
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$300K$200K$100K$0Revenue 2017: $234,247Expenses 2017: $195,481Net Income 2017: $38,7662017Revenue 2018: $297,169Expenses 2018: $245,132Net Income 2018: $52,0372018Revenue 2019: $210,949Expenses 2019: $209,100Net Income 2019: $1,8492019Revenue 2020: $176,450Expenses 2020: $176,243Net Income 2020: $2072020Revenue 2021: $273,940Expenses 2021: $222,374Net Income 2021: $51,5662021Revenue 2022: $332,990Expenses 2022: $293,541Net Income 2022: $39,4492022Revenue 2023: $376,238Expenses 2023: $330,107Net Income 2023: $46,1312023Revenue 2024: $330,763Expenses 2024: $299,155Net Income 2024: $31,6082024

Highlighted filing

2017

Revenue$234,247
Expenses$195,481
Net Income$38,766
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 18, 2018
Return Version
2017v2.2
Gross Receipts
$239,647
Mission and Program Overview

Mission

To operate a pre-school and after-school programs for all residents of the yancey county

To operate a pre-school, after-school program

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$111,091$155,893▲ $44,802
Cash and Non-Interest-Bearing Accounts$4,909$22,227▲ $17,318
Accounts Receivable-$17,074-
Total Assets$116,000$195,194▲ $79,194
Liabilities
Mortgage Notes Payable Secured by Investment Property$49,112$78,338▲ $29,226
Accounts Payable and Accrued Expenses$3,342$4,122▲ $780
Total Liabilities$52,454$82,460▲ $30,006
Net Assets / Fund Balance
Unrestricted Net Assets$63,546$112,734▲ $49,188
Total Net Assets Fund Balance$63,546$112,734▲ $49,188
Total Liabilities and Net Assets / Fund Balance$116,000$195,194▲ $79,194

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$155,683$4,899$160,582
Equipment$210$6,258$6,468
Compensation and Service Providers
Top Officer Pay84th percentile

Board Members and Trustees

NameTitle
Jackie JolleyPresident
Patti GarlandMember
Quincy SparksMember
Judy PresnellSecretary
Ann DewauldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$21,256
Program Service Revenue
$209,251
Investment Income
$0
Other Revenue
$3,740
All Other Contributions
$21,256
Change in Net Assets
$38,766
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$134,404
Other Expenses$61,077
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$111,179$12,354-$123,533
Occupancy$31,499--$31,499
Other Expenses$10,026--$10,026
Payroll Taxes$8,848$983-$9,831
Insurance$5,095$566-$5,661
Office Expenses-$4,436-$4,436
Depreciation Depletion$4,306--$4,306
Interest-$2,827-$2,827
Travel$1,825--$1,825
Other Employee Benefits$936$104-$1,040
Fees for Services Accounting-$425-$425
Fees for Services Other$72--$72
Total Functional Expenses$173,786$21,695$0$195,481
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,195
Fundraising Direct Expenses$5,400
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

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

“A final copy of the return has been provided to the board members for review”

Conflict of interest policy compliance Part VI line 12C

“The organization has measures in place to ensure compliance with the conflict of interest policy, including full board approval of any transactions that might occur between related parties. No situations have occurred during the current year that have required reference to the conflict of interest policies.”

Other officer or key employee compensation Part VI line 15B

“The governing board reviewed and approved compensation for the current employees of genesis academy. Compensation was compared to equivalent positions of similar organizations. Compensation of each person is reviewed and approved on an annual basis.”

Governing documents etc available to public Part VI line 19

“All governing documents are made available upon request from any individual or granting agency.”

Filing and Contact Details

Filer

Filer Name
Genesis Academy Inc
EIN
26-0175731
Address
1867 US HWY 19E, BURNSVILLE, NC 28714

Signing Officer

Name
Jackie Jolley
Title
President
Phone
8286824828
Signed
2018-05-18
Discuss with paid preparer
No

Organization Details

Formed
2007
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
14

Preparer

Firm
Young Miller and Gillespie Pa
Address
PO BOX 723 215 OAK AVENUE, SPRUCE PINE, NC 28777
Preparer
Sharon Gillespie CPA
Phone
8287656444
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A FINAL COPY OF THE RETURN HAS BEEN PROVIDED TO THE BOARD MEMBERS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEASURES IN PLACE TO ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY, INCLUDING FULL BOARD APPROVAL OF ANY TRANSACTIONS THAT MIGHT OCCUR BETWEEN RELATED PARTIES. NO SITUATIONS HAVE OCCURRED DURING THE CURRENT YEAR THAT HAVE REQUIRED REFERENCE TO THE CONFLICT OF INTEREST POLICIES.
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IRS990/VotingMembersIndependentCnt05
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ReturnHeader/BusinessOfficerGrp/PersonNm0JACKIE JOLLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08286824828
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GENESIS ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0GENE
ReturnHeader/Filer/EIN0260175731
ReturnHeader/Filer/USAddress/AddressLine1Txt01867 US HWY 19E
ReturnHeader/Filer/USAddress/CityNm0BURNSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0108.81.4.161
ReturnHeader/FilingSecurityInformation/IPDt02018-05-31
ReturnHeader/FilingSecurityInformation/IPTm014:33:13
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561789358
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0YOUNG MILLER AND GILLESPIE PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 723 215 OAK AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SPRUCE PINE
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHARON GILLESPIE CPA
ReturnHeader/ReturnTs02018-05-31T14:31:36-04:00
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ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$195,194
Liabilities
$82,460
Net assets
$112,734
Revenue
$234,247
Expenses
$195,481
Net income
$38,766
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.43$0.07$3.36$3.31$2.99$0.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.12$0.08$3.04$3.76$3.30$0.46
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.66$0.08$2.58$3.33$2.94$0.39
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.45$0.26$2.18$2.74$2.22$0.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.26$0.59$1.67$1.76$1.76$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.36$0.69$1.67$2.11$2.09$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.51$1.65$2.97$2.45$0.52
2017Detailed filing. Detailed filing data is available for this year.$1.95$0.82$1.13$2.34$1.95$0.39
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • <$500k nonprofits