Civic Intelligence

Genesis Academy Inc

990 • Fiscal year 2018 • EIN 26-0175731

Jan 01, 2018 to Dec 31, 2018 • Filed on May 09, 2019

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

87th percentile

0.24x

Higher debt load relative to assets than 87% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

0.17x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

Net Margin

70th percentile

18%

Higher net margin than 70% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

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.

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

Asset Growth

62nd percentile

11%

Faster asset growth than 62% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

75th percentile

27%

Faster revenue growth than 75% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$216,153

Up $20,959 (+11%) from 2017

Net Assets

Up

$164,771

Up $52,037 (+46%) from 2017

Liabilities

Down

$51,382

Down $31,078 (-38%) from 2017

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin70th percentile

Revenue

Up

$297,169

Up $62,922 (+27%) from 2017

Expenses

Up

$245,132

Up $49,651 (+25%) from 2017

Net Income

Up

$52,037

Up $13,271 (+34%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

2018

Assets$216,153
Liabilities$51,382
Net Assets$164,771
Open 2018 Filing

Operations Trend

Revenue Growth75th percentile

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

2018

Revenue$297,169
Expenses$245,132
Net Income$52,037
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 9, 2019
Return Version
2018v3.1
Gross Receipts
$302,446
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$155,893$151,565▼ $4,328
Accounts Receivable$17,074$35,880▲ $18,806
Cash and Non-Interest-Bearing Accounts$22,227$28,708▲ $6,481
Total Assets$195,194$216,153▲ $20,959
Liabilities
Mortgage Notes Payable Secured by Investment Property$78,338$47,891▼ $30,447
Accounts Payable and Accrued Expenses$4,122$3,491▼ $631
Total Liabilities$82,460$51,382▼ $31,078
Net Assets / Fund Balance
Unrestricted Net Assets$112,734$164,771▲ $52,037
Total Net Assets Fund Balance$112,734$164,771▲ $52,037
Total Liabilities and Net Assets / Fund Balance$195,194$216,153▲ $20,959

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$151,566$9,016$160,582
Equipment$-1$6,469$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
$15,441
Program Service Revenue
$282,602
Investment Income
$0
Other Revenue
$-874
All Other Contributions
$15,441
Change in Net Assets
$52,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$161,880
Other Expenses$83,252
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$134,772$14,974-$149,746
Occupancy$30,366--$30,366
Other Expenses$15,668--$15,668
Payroll Taxes$10,369$1,152-$11,521
Fees for Services Other$10,156--$10,156
Depreciation Depletion$4,328--$4,328
Insurance$3,870$430-$4,300
Office Expenses-$3,397-$3,397
Interest-$2,500-$2,500
Travel$1,197--$1,197
Other Employee Benefits$552$61-$613
Fees for Services Accounting-$450-$450
Total Functional Expenses$222,168$22,964$0$245,132
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,277
Fundraising Gross Income$4,403
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
2019-05-09
Discuss with paid preparer
No

Organization Details

Formed
2007
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
17

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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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.
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IRS990/TravelGrp/ProgramServicesAmt01197
IRS990/TravelGrp/TotalAmt01197
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0112734
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0164771
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0JACKIE JOLLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08286824828
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-09
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
ReturnHeader/Filer/USAddress/ZIPCd028714
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0EBA702FDCC6B3882F8F3DE5ADCEA7AC0B5281850
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0EBA702FDCC6B3882F8F3DE5ADCEA7AC0B5281850
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId05625422019129yq5cjaz
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-05-09
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0108.81.4.161
ReturnHeader/FilingSecurityInformation/IPDt02019-05-09
ReturnHeader/FilingSecurityInformation/IPTm013:42:02
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
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028777
ReturnHeader/PreparerPersonGrp/PhoneNum08287656444
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHARON GILLESPIE CPA
ReturnHeader/ReturnTs02019-05-09T13:40:36-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$216,153
Liabilities
$51,382
Net assets
$164,771
Revenue
$297,169
Expenses
$245,132
Net income
$52,037
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
2018Detailed filing. Detailed filing data is available for this year.$2.16$0.51$1.65$2.97$2.45$0.52
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$0.82$1.13$2.34$1.95$0.39