Civic Intelligence

Truth Academy Inc.

990EZ • Fiscal year 2016 • EIN 26-4060943

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 03, 2016

6538 N Crystal Valley LaneSpringfield, MO 65803

(417) 831-1167

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.18x

Higher debt load relative to assets than 82% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

79th percentile

0.07x

Higher debt load relative to revenue than 79% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

22nd percentile

-11%

Higher net margin than 22% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

22nd percentile

-17%

Faster asset growth than 22% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

31st percentile

-13%

Faster revenue growth than 31% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$40,268

Up $13,214 (+49%) from 2014

Net Assets

Up

$32,869

Up $15,625 (+91%) from 2014

Liabilities

Down

$7,399

Down $2,411 (-25%) from 2014

Revenue

Up

$111,904

Up $11,943 (+12%) from 2014

Expenses

Up

$124,534

Up $32,183 (+35%) from 2014

Net Income

Down

-$12,630

Down $20,240 (-266%) from 2014

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2013: $11,255Liabilities 2013: $1,621Net Assets 2013: $9,6342013Assets 2014: $27,054Liabilities 2014: $9,810Net Assets 2014: $17,2442014Assets 2016: $40,268Liabilities 2016: $7,399Net Assets 2016: $32,8692016Assets 2017: $45,484Liabilities 2017: $11,878Net Assets 2017: $33,6062017Assets 2018: $59,818Liabilities 2018: $7,511Net Assets 2018: $52,3072018Assets 2019: $76,485Liabilities 2019: $7,741Net Assets 2019: $68,7442019Assets 2021: $47,269Liabilities 2021: $8,242Net Assets 2021: $39,0272021Assets 2022: $16,581Liabilities 2022: $1,841Net Assets 2022: $14,7402022

Highlighted filing

2016

Assets$40,268
Liabilities$7,399
Net Assets$32,869

Operations Trend

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

$200K$100K$0-$100KRevenue 2013: $96,879Expenses 2013: $93,222Net Income 2013: $3,6572013Revenue 2014: $99,961Expenses 2014: $92,351Net Income 2014: $7,6102014Revenue 2016: $111,904Expenses 2016: $124,534Net Income 2016: -$12,6302016Revenue 2017: $132,357Expenses 2017: $131,620Net Income 2017: $7372017Revenue 2018: $155,720Expenses 2018: $137,019Net Income 2018: $18,7012018Revenue 2019: $144,398Expenses 2019: $127,961Net Income 2019: $16,4372019Revenue 2021: $106,676Expenses 2021: $149,656Net Income 2021: -$42,9802021Revenue 2022: $142,065Expenses 2022: $166,352Net Income 2022: -$24,2872022

Highlighted filing

2016

Revenue$111,904
Expenses$124,534
Net Income-$12,630
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 3, 2016
Return Version
2015v2.1
Gross Receipts
$111,904
Mission and Program Overview

Mission

EDUCATION

Program Services

DescriptionGrantsExpenses
PROVIDE A TWO-DAY PER WEEK SCHOOL TO MEET THE EDUCATIONAL NEEDS OF CHILDREN WHOSE PARENTS PREFER HOME SCHOOL. TEACHERS PROVIDE CURRICULUM AND LESSON PLANS, ADMINISTER TESTS AND TEACH FORMAL CLASSES TWICE A WEEK. 73 STUDENTS GRADES KINDERGARTEN THROUGH 12 WERE SERVED.-$124,135
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CARLA GROVESAdministratoPT$0--
JAMIE BROWNPresident-$0--
GREGORY GROVESSecretary-$0--
EMILY DAKE INMANTreasurer-$0--
KIMBERLY BOYCEDirector-$0--
Filing and Contact Details

Filer

Filer Name
Truth Academy Inc
EIN
26-4060943
Address
6538 N CRYSTAL VALLEY LANE, SPRINGFIELD, MO 65803

Signing Officer

Name
Emily Dake Inman
Title
Treasurer
Phone
4178311167
Signed
2016-11-03
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses bank fees 52 insurance 2,311 miscellaneous 113 textbooks & supplies 7,053 website 1,200 student socials 4,206 non-investment depreciation 1,488 total 16,423

Form 990-ez, Part II, Line 24

1,786 4,271 less accumulated depreciation 1,574 3,062 total 212 1,209

Form 990-ez, Part II, Line 26

Tuition for following school term 3,150 6,749 reimbursements payable to staff 0 650

Form 990-ez, Part III, Line 28

Provide a two-day per week school to meet the educational needs of children whose parents prefer home school. Teachers provide curriculum and lesson plans, administer tests and teach formal classes twice a week. 73 students grades kindergarten through 12 were served.

Raw XML Appendix128 raw XML fields

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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
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IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
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IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINIATION POLICY IS INCLUDED ON WEBSITE AND ON ALL PRINTED PROMOTIONAL MATERIAL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES BANK FEES 52 INSURANCE 2,311 MISCELLANEOUS 113 TEXTBOOKS & SUPPLIES 7,053 WEBSITE 1,200 STUDENT SOCIALS 4,206 NON-INVESTMENT DEPRECIATION 1,488 TOTAL 16,423
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11,786 4,271 LESS ACCUMULATED DEPRECIATION 1,574 3,062 TOTAL 212 1,209
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TUITION FOR FOLLOWING SCHOOL TERM 3,150 6,749 REIMBURSEMENTS PAYABLE TO STAFF 0 650
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROVIDE A TWO-DAY PER WEEK SCHOOL TO MEET THE EDUCATIONAL NEEDS OF CHILDREN WHOSE PARENTS PREFER HOME SCHOOL. TEACHERS PROVIDE CURRICULUM AND LESSON PLANS, ADMINISTER TESTS AND TEACH FORMAL CLASSES TWICE A WEEK. 73 STUDENTS GRADES KINDERGARTEN THROUGH 12 WERE SERVED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0EMILY DAKE INMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04178311167
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRUTH ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0TRUT
ReturnHeader/Filer/EIN0264060943
ReturnHeader/Filer/USAddress/AddressLine1Txt06538 N CRYSTAL VALLEY LANE
ReturnHeader/Filer/USAddress/CityNm0SPRINGFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MO
ReturnHeader/Filer/USAddress/ZIPCd065803
ReturnHeader/ReturnTs02016-11-03T16:54:59-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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