Civic Intelligence

Truth Academy Inc.

990EZ • Fiscal year 2017 • EIN 26-4060943

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 07, 2017

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

85th percentile

0.26x

Higher debt load relative to assets than 85% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

0.09x

Higher debt load relative to revenue than 81% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

43rd percentile

0.6%

Higher net margin than 43% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

65th percentile

13%

Faster asset growth than 65% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

71st percentile

18%

Faster revenue growth than 71% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$45,484

Up $5,216 (+13%) from 2016

Net Assets

Up

$33,606

Up $737 (+2.2%) from 2016

Liabilities

Up

$11,878

Up $4,479 (+61%) from 2016

Revenue

Up

$132,357

Up $20,453 (+18%) from 2016

Expenses

Up

$131,620

Up $7,086 (+5.7%) from 2016

Net Income

Up

$737

Up $13,367 (+106%) from 2016

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

2017

Assets$45,484
Liabilities$11,878
Net Assets$33,606

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

2017

Revenue$132,357
Expenses$131,620
Net Income$737
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 7, 2017
Return Version
2016v3.0
Gross Receipts
$132,357
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. 80 STUDENTS GRADES KINDERGARTEN THROUGH 12 WERE SERVED.-$131,248
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
2017-11-07
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses bank fees 29 insurance 2,284 miscellaneous 1,766 textbooks & supplies 12,437 website 1,200 student socials 3,225 non-investment depreciation 361 total 21,302

Form 990-ez, Part II, Line 24

Furniture & equipment 4,271 4,271 less accumulated depreciation 3,062 3,423 total 1,209 848

Form 990-ez, Part II, Line 26

Payroll taxes payable 0 1,455 tuition for following school term 6,749 10,423 reimbursements payable to staff 650 0

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. 80 students grades kindergarten through 12 were served.

Raw XML Appendix130 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
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
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IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
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 29 INSURANCE 2,284 MISCELLANEOUS 1,766 TEXTBOOKS & SUPPLIES 12,437 WEBSITE 1,200 STUDENT SOCIALS 3,225 NON-INVESTMENT DEPRECIATION 361 TOTAL 21,302
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FURNITURE & EQUIPMENT 4,271 4,271 LESS ACCUMULATED DEPRECIATION 3,062 3,423 TOTAL 1,209 848
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PAYROLL TAXES PAYABLE 0 1,455 TUITION FOR FOLLOWING SCHOOL TERM 6,749 10,423 REIMBURSEMENTS PAYABLE TO STAFF 650 0
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. 80 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/SignatureDt02017-11-07
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/FilingSecurityInformation/AtSubmissionCreationDeviceId03892D6B2F7177E1DA3B1B0F0AA8C48F8A75D87D7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId021BAC8377C072A003D4D903CBDDD3B36D1A99D5B
ReturnHeader/ReturnTs02017-11-07T13:04:12-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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Filings