Civic Intelligence

Ivy Academy Inc.

990 • Fiscal year 2014 • EIN 26-1533313

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 17, 2014

Organization ProfileIVYACADEMYCHATTANOOGA.COM
8443 Dayton Pike37379

(423) 305-7494

Siviq Scores

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

Liabilities / Assets

87th percentile

0.80x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

87th percentile

1.45x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

76th percentile

17%

Higher net margin than 76% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

49th percentile

$60,942

Higher top officer pay than 49% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

98th percentile

255%

Faster asset growth than 98% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$2,398,644

Up $1,722,691 (+255%) from 2013

Net Assets

Up

$483,575

Up $227,767 (+89%) from 2013

Liabilities

Up

$1,915,069

Up $1,494,924 (+356%) from 2013

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin76th percentile

Revenue

$1,320,832

No earlier filing loaded for comparison.

Expenses

Up

$1,093,065

Up $27,086 (+2.5%) from 2013

Net Income

$227,767

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$10M$5.0M$0Assets 2013: $675,953Liabilities 2013: $420,145Net Assets 2013: $255,8082013Assets 2014: $2,398,644Liabilities 2014: $1,915,069Net Assets 2014: $483,5752014Assets 2020: $6,435,214Liabilities 2020: $5,403,752Net Assets 2020: $1,031,4622020Assets 2021: $6,829,733Liabilities 2021: $5,155,108Net Assets 2021: $1,674,6252021Assets 2022: $8,715,210Liabilities 2022: $6,550,113Net Assets 2022: $2,165,0972022Assets 2023: $8,789,795Liabilities 2023: $5,859,458Net Assets 2023: $2,930,3372023Assets 2024: $9,069,555Liabilities 2024: $6,065,782Net Assets 2024: $3,003,7732024Assets 2025: $9,653,578Liabilities 2025: $6,798,526Net Assets 2025: $2,855,0522025

Highlighted filing

2014

Assets$2,398,644
Liabilities$1,915,069
Net Assets$483,575
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2013: $1,065,9792013Revenue 2014: $1,320,832Expenses 2014: $1,093,065Net Income 2014: $227,7672014Revenue 2020: $4,157,067Expenses 2020: $3,728,035Net Income 2020: $429,0322020Revenue 2021: $4,770,605Expenses 2021: $4,127,442Net Income 2021: $643,1632021Revenue 2022: $5,138,549Expenses 2022: $4,905,645Net Income 2022: $232,9042022Revenue 2023: $6,077,953Expenses 2023: $5,317,439Net Income 2023: $760,5142023Revenue 2024: $6,849,898Expenses 2024: $6,719,463Net Income 2024: $130,4352024Revenue 2025: $7,096,380Expenses 2025: $7,245,101Net Income 2025: -$148,7212025

Highlighted filing

2014

Revenue$1,320,832
Expenses$1,093,065
Net Income$227,767
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 17, 2014
Return Version
2013v3.1
Gross Receipts
$1,320,832
Mission and Program Overview

Mission

The mission of ivy academy is to provide a quality program with an emphasis on scholarship, environmental stewardship, and volunteerism for all students, designed to prepare them to positively influence society and nature.

Ivy academy educates students for college and life as environmentally active global citizens by fostering intellectual curiosity, academic accomplishment, physical fitness, and creative expression coupled with direct student involvement in school maintenance and community service

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$360,084$677,911▲ $317,827
Cash and Non-Interest-Bearing Accounts$308,987$264,574▼ $44,413
Accounts Receivable$2,584$4,087▲ $1,503
Prepaid Expenses and Deferred Charges$3,000--
Intangible Assets$1,298--
Total Assets$675,953$2,398,644▲ $1,722,691
Other Assets Total-$1,452,072-
Liabilities
Mortgage Notes Payable Secured by Investment Property$245,281$1,744,157▲ $1,498,876
Other Liabilities$139,717$113,568▼ $26,149
Accounts Payable and Accrued Expenses$35,147$57,344▲ $22,197
Total Liabilities$420,145$1,915,069▲ $1,494,924
Net Assets / Fund Balance
Unrestricted Net Assets$255,808$480,451▲ $224,643
Temporarily Rstr Net Assets-$3,124-
Total Net Assets Fund Balance$255,808$483,575▲ $227,767
Total Liabilities and Net Assets / Fund Balance$675,953$2,398,644▲ $1,722,691

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$277,904$77,454$355,358
Land$336,587-$336,587
Equipment$63,420$49,338$112,758
Other Assets Org$1,452,022--
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Angie MarkumExecutive DirectorFT$54,472$6,470$60,942

Board Members and Trustees

NameTitle
Brad McallisterPresident
Carol WoodsBoard Director
Don LepardBoard Director
John ChamblissBoard Director
Judy LamanceBoard Director
Sally MorrowBoard Director
Teal ThibaudBoard Director
Linda CollinsSecretary
Jennie GriesemerTresurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,320,685
Program Service Revenue
$0
Investment Income
$147
Other Revenue
$0
All Other Contributions
$250,824
Change in Net Assets
$227,767

Noncash Contribution Practices

Property subject to holding requirements
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$190,500Fair Market Value (FMV)
Other Non Cash Contri Table2$12,800Fair Market Value (FMV)
Other Non Cash Contri Table3$6,200Fair Market Value (FMV)
Total Noncash Contributions6$209,500-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,320,832
Total Revenue per Audited Statements
$1,320,832
Total Revenue per Form 990
$1,320,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$678,319
Other Expenses$414,746
Total Fundraising Expense$4,355
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Pension Plan Contributions$596,921$26,926-$623,847
Other Expenses$203,640$8,710$4,355$216,705
Occupancy$79,562$7,869-$87,431
Current Officers, Directors, Trustees, and Key Employees-$54,472-$54,472
Depreciation Depletion$35,506$3,512-$39,018
Interest-$21,810-$21,810
Insurance$16,524$1,634-$18,158
Fees for Services Accounting-$14,662-$14,662
Advertising$8,349--$8,349
Office Expenses-$5,256-$5,256
Travel-$3,357-$3,357
Total Functional Expenses$940,502$148,208$4,355$1,093,065

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,093,065
Total Expenses per Audited Statements$1,093,065
Total Expenses per Form 990$1,093,065
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$99,669
Accrued Interest$9,860
Payroll Liabilities$3,227
Other Liabilities$812
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Governing body meeting documentation Part VI line 8A

“Ivy academy keeps regular minutes for each board and committe meeting”

Form 990 governing body review Part VI line 11

“The form 990 is reviewed by the board before it is signed by the director.”

Conflict of interest policy compliance Part VI line 12C

“Elected board members are required to sign a conflict of interest policy before becoming a member of the board. The policy is addressed to the board on an annual basis.”

CEO executive director top management comp Part VI line 15A

“The executive director and other administrative salaries are approved by the vote of the board”

Other officer or key employee compensation Part VI line 15B

“All compensation for employees is reviewed and approved by the board.”

Form 990 availability to public Part VI line 18

“The form 990, bylaws, policies and audited financial statement are avaliable to the public unpon written request.”

Governing documents etc available to public Part VI line 19

“The form 990 is made available to the public by written request to the board of directors”

Filing and Contact Details

Filer

EIN
26-1533313

Signing Officer

Name
Angie Markum
Title
Executive Direc
Phone
4233057494
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Mcallister
Formed
2008
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
24

Preparer

Preparer
Perry T Sherrell CPA
Phone
4238756565
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01320832
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt063420
IRS990ScheduleD/EquipmentGrp/DepreciationAmt049338
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0112758
IRS990ScheduleD/ExpensesSubtotalAmt01093065
IRS990ScheduleD/LandGrp/BookValueAmt0336587
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0336587
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0277904
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt077454
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0355358
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt050
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11452022
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03227
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt199669
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2812
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt39860
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED INTEREST
IRS990ScheduleD/RevenueSubtotalAmt01320832
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0677911
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01452072
IRS990ScheduleD/TotalExpensesPerForm990Amt01093065
IRS990ScheduleD/TotalLiabilityAmt0113568
IRS990ScheduleD/TotalRevenuePerForm990Amt01320832
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01320832
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01093065
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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/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
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IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt13
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0AQUARIUM AND FURNITURE
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1EQUIPMENT FOR NEW CAMPUS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt012800
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt16200
IRS990ScheduleM/RealEstateCommercialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateCommercialGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/RealEstateCommercialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateCommercialGrp/NoncashContributionsRptF990Amt0190500
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IVY ACADEMY KEEPS REGULAR MINUTES FOR EACH BOARD AND COMMITTE MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE BOARD BEFORE IT IS SIGNED BY THE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ELECTED BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY BEFORE BECOMING A MEMBER OF THE BOARD. THE POLICY IS ADDRESSED TO THE BOARD ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR AND OTHER ADMINISTRATIVE SALARIES ARE APPROVED BY THE VOTE OF THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL COMPENSATION FOR EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990, BYLAWS, POLICIES AND AUDITED FINANCIAL STATEMENT ARE AVALIABLE TO THE PUBLIC UNPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FORM 990 IS MADE AVAILABLE TO THE PUBLIC BY WRITTEN REQUEST TO THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03124
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt02398644
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IRS990/TotalContributionsAmt01320685
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04355
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0148208
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0940502
IRS990/TotalFunctionalExpensesGrp/TotalAmt01093065
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0420145
IRS990/TotalLiabilitiesEOYAmt01915069
IRS990/TotalLiabilitiesGrp/BOYAmt0420145
IRS990/TotalLiabilitiesGrp/EOYAmt01915069
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0255808
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0483575
IRS990/TotalOtherCompensationAmt06470
IRS990/TotalProgramServiceExpensesAmt0940502
IRS990/TotalReportableCompFromOrgAmt054472
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0147
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01320832
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0675953
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02398644
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt03357
IRS990/TravelGrp/TotalAmt03357
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0255808
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0480451
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0IVYACADEMYCHATTANOOGA.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANGIE MARKUM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum04233057494
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine10IVY ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0IVYA
ReturnHeader/Filer/EIN0261533313
ReturnHeader/Filer/USAddress/AddressLine108443 DAYTON PIKE
ReturnHeader/Filer/USAddress/City0SODDY DAISY
ReturnHeader/Filer/USAddress/State0TN

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,398,644
Liabilities
$1,915,069
Net assets
$483,575
Revenue
$1,320,832
Expenses
$1,093,065
Net income
$227,767
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.65$6.80$2.86$7.10$7.25$0.15
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.07$6.07$3.00$6.85$6.72$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.79$5.86$2.93$6.08$5.32$0.76
2022Detailed filing. Detailed filing data is available for this year.$8.72$6.55$2.17$5.14$4.91$0.23
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.83$5.16$1.67$4.77$4.13$0.64
2020Detailed filing. Detailed filing data is available for this year.$6.44$5.40$1.03$4.16$3.73$0.43
2014Detailed filing. Detailed filing data is available for this year.$2.40$1.92$0.48$1.32$1.09$0.23
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.42$0.26$1.07