Civic Intelligence

Still Waters Learning Center Inc.

990 • Fiscal year 2019 • EIN 26-3921540

Jan 01, 2019 to Dec 31, 2019 • Filed on May 08, 2020

1560 Oakbrook DriveNorcross, GA 30093

(404) 451-3038

Siviq Scores

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

Liabilities / Assets

99th percentile

2.63x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.08x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

34th percentile

-1.6%

Higher net margin than 34% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

62nd percentile

$41,623

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

3rd percentile

-52%

Faster asset growth than 3% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

80th percentile

33%

Faster revenue growth than 80% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$20,746

Down $22,118 (-52%) from 2018

Net Assets

Down

-$33,874

Down $12,548 (-59%) from 2018

Liabilities

Down

$54,620

Down $9,570 (-15%) from 2018

Revenue

Up

$693,858

Up $172,003 (+33%) from 2018

Expenses

Up

$705,291

Up $171,439 (+32%) from 2018

Net Income

Up

-$11,433

Up $564 (+4.7%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2016: $86,906Liabilities 2016: $0Net Assets 2016: $86,9062016Assets 2017: $37,894Liabilities 2017: $70,989Net Assets 2017: -$33,0952017Assets 2018: $42,864Liabilities 2018: $64,190Net Assets 2018: -$21,3262018Assets 2019: $20,746Liabilities 2019: $54,620Net Assets 2019: -$33,8742019Assets 2020: $62,414Liabilities 2020: $256,491Net Assets 2020: -$194,0772020Assets 2021: $194,813Liabilities 2021: $504,476Net Assets 2021: -$309,6632021Assets 2022: $143,530Liabilities 2022: $502,153Net Assets 2022: -$358,6232022Assets 2023: $88,238Liabilities 2023: $518,960Net Assets 2023: -$430,7222023Assets 2024: $92,326Liabilities 2024: $518,809Net Assets 2024: -$426,4832024

Highlighted filing

2019

Assets$20,746
Liabilities$54,620
Net Assets-$33,874

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $575,739Expenses 2016: $548,638Net Income 2016: $27,1012016Revenue 2017: $431,694Expenses 2017: $538,043Net Income 2017: -$106,3492017Revenue 2018: $521,855Expenses 2018: $533,852Net Income 2018: -$11,9972018Revenue 2019: $693,858Expenses 2019: $705,291Net Income 2019: -$11,4332019Revenue 2020: $603,902Expenses 2020: $765,533Net Income 2020: -$161,6312020Revenue 2021: $793,494Expenses 2021: $909,080Net Income 2021: -$115,5862021Revenue 2022: $1,117,124Expenses 2022: $1,166,084Net Income 2022: -$48,9602022Revenue 2023: $1,355,012Expenses 2023: $1,427,111Net Income 2023: -$72,0992023Revenue 2024: $870,383Expenses 2024: $866,143Net Income 2024: $4,2402024

Highlighted filing

2019

Revenue$693,858
Expenses$705,291
Net Income-$11,433
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 8, 2020
Return Version
2019v5.1
Gross Receipts
$693,858
Mission and Program Overview

Mission

Our school is founded on the vision of CHRIST Culture; At Still Waters, our mission is to provide a safe learning environment where children acquire knowledge and skills they will use to serve GOD and others.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$21,896$15,044▼ $6,852
Cash and Non-Interest-Bearing Accounts$20,968$5,702▼ $15,266
Total Assets$42,864$20,746▼ $22,118
Liabilities
Unsecured Notes Loans Payable$57,070$38,700▼ $18,370
Other Liabilities$7,120$15,920▲ $8,800
Total Liabilities$64,190$54,620▼ $9,570
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-21,326$-33,874▼ $12,548
Total Net Assets Fund Balance$-21,326$-33,874▼ $12,548
Total Liabilities and Net Assets / Fund Balance$42,864$20,746▼ $22,118

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,685$26,321$36,006
Leasehold Improvements$11,971$17,620$29,591
Other Land Buildings$-6,612$30,808$24,196
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tiffany ChiaSchool Principal SecretaryFT$41,623$41,623
Ashley Chia3rd-5th Grades Homeroom TeachFT$39,389$39,389
Kevin ChiaAfter School and Summer ProgrFT$38,060$38,060
Sharon OConnnorCEO PresidentPT$16,989$16,989
Alana HardisonCFO TreasurerPT$13,195$13,195

Board Members and Trustees

NameTitle
Carole HulslanderBoard Chair
Bobby HsiaoAdvisory Board Member
Cindie NguyenBoard Member
Douglas HulslanderBoard Member
Hugh NguyenBoard Member
Jamie HsiaoBoard Member
Kevin OConnorBoard Member
William Hardison JrBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$190,938
Program Service Revenue
$502,920
Investment Income
$0
Other Revenue
$0
All Other Contributions
$190,938
Change in Net Assets
$-11,433
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$381,668
Other Expenses$323,623
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$331,702$24,967-$356,669
All Other Expenses$-1$83,636-$83,635
Occupancy$30,583$40,674-$71,257
Other Expenses$59,725$1,536-$61,261
Insurance$20,901$27,796-$48,697
Payroll Taxes$23,249$1,750-$24,999
Office Expenses$1,641$19,949-$21,590
Advertising$7,464--$7,464
Fees for Services Accounting-$7,250-$7,250
Depreciation Depletion-$6,852-$6,852
Interest-$3,965-$3,965
Travel$348$25-$373
Total Functional Expenses$486,557$218,734$0$705,291
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards$15,920
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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

Governance Explanations

Officer directors etc family relationship Part VI line 2

There are some couples on the Board of Directors; Dr. Carole & Doug Hulslander,Kevin/Sharon OConnor, Alana and William Hardison, Cindie/Hugh Nguyen, Bobby/Jamie Hsiao, Ashley/Kevin Chia

Form 990 governing body review Part VI line 11

990 is made available for review to the board 48 hours during which the board may ask questions or give comments. All comments are addressed and answers to questions obtained by designated staff.

CEO executive director top management comp Part VI line 15A

The organization uses a written employment contract and an approval by the board to establish the compensation of CEO, Executive Director, or top management official

Other officer or key employee compensation Part VI line 15B

The organization uses a written employment contract and an approval by the board to establish the compensation of current employees.

Governing documents etc available to public Part VI line 19

The Form 1023 and 990s are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Still Waters Learning Center Inc
EIN
26-3921540
Address
1560 Oakbrook Drive, Norcross, GA 30093

Signing Officer

Name
Alana Hardison
Title
CFO
Phone
4044513038
Signed
2020-05-08
Discuss with paid preparer
No

Organization Details

Formed
2008
Legal Domicile
Ga
Voting Board Members
13
Independent Board Members
0
Employees
16
Volunteers
5

Preparer

Firm
Anderson Accounting LLC
Address
1544 Wellborn Road Suite 434, Redan, GA 30074
Preparer
Desarie Anderson
Phone
6786673573
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

Other business expenses 6,641tithes 70,879staff business meals 739office and general admin 274school wide meals 1,113fundraising expenses 545corporate donations 2,841loan late fees 604

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IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3611600
IRS990/ProgramServiceRevenueGrp/Desc0Day School
IRS990/ProgramServiceRevenueGrp/Desc1Elementary School
IRS990/ProgramServiceRevenueGrp/Desc2Middle School
IRS990/ProgramServiceRevenueGrp/Desc3After School Program
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0201168
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1150876
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt250292
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3100584
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0201168
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1150876
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt250292
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3100584
IRS990/ProgSrvcAccomActy2Grp/Desc0Day SchoolIn 2019, the Day School Program served 73 children ages 1-4 years old. In doing so, the program provided a Christian learning environment that supported students in their growth and development during their formative years. Foundational to student learning is a Christ Cultured environment that develops academic excellence, spiritual growth, and deep love for God.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0162850
IRS990/ProgSrvcAccomActy3Grp/Desc0After School and Summer ProgramThe After School/Summer Academy Program served 55 children in 2019. Participating students received homework assistance and enriching daily specials activities geared toward STTEEAM instruction (Science, Technology, Theology, Engineering, Entrepreneurship, Arts and Mathematics). Summer Academy was a fun filled STTEEAM based full day program where students prepared academically for the upcoming school year and enjoyed weekly field trips and daily science special activities. Both program components provided academic support and enrichment in the context of a Christian environment where students are challenged to perform at their highest potential.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt079573
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Middle SchoolDuring 2019, the Still Waters Middle School served 5 children in grades 6-8. The Middle Grades program comprised of core curriculum through A Beka Book and included additional programs such as the Orchestra Program and Spanish/Chinese language programming. Students were taught by subject matter experts in each core subject area and a love of learning is encouraged in a Christian environment that develops academic excellence, spiritual growth,and a deep love for God.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt053609
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0175101
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0257923
IRS990/PYOtherRevenueAmt022719
IRS990/PYProgramServiceRevenueAmt0324035
IRS990/PYRevenuesLessExpensesAmt0-11997
IRS990/PYSalariesCompEmpBnftPaidAmt0275929
IRS990/PYTotalExpensesAmt0533852
IRS990/PYTotalRevenueAmt0521855
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-11433
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt09685
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026321
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt036006
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt011971
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt017620
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt029591
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-6612
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt030808
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt024196
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015920
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Cards
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015044
IRS990ScheduleD/TotalLiabilityAmt015920
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/PolicyStmtInBrochuresEtcInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are some couples on the Board of Directors; Dr. Carole & Doug Hulslander,Kevin/Sharon OConnor, Alana and William Hardison, Cindie/Hugh Nguyen, Bobby/Jamie Hsiao, Ashley/Kevin Chia
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 is made available for review to the board 48 hours during which the board may ask questions or give comments. All comments are addressed and answers to questions obtained by designated staff.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization uses a written employment contract and an approval by the board to establish the compensation of CEO, Executive Director, or top management official
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization uses a written employment contract and an approval by the board to establish the compensation of current employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Form 1023 and 990s are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER BUSINESS EXPENSES 6,641TITHES 70,879STAFF BUSINESS MEALS 739OFFICE AND GENERAL ADMIN 274SCHOOL WIDE MEALS 1,113FUNDRAISING EXPENSES 545CORPORATE DONATIONS 2,841LOAN LATE FEES 604
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other expenses Part IX line 24e
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Still Waters Church
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0203605552
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Church
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01590 Oakbrook Drive
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Norcross
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd030093
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0true
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0true
IRS990ScheduleR/TransferToOtherOrgInd0true
IRS990/SchoolOperatingInd0true
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false

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