Civic Intelligence

Northern Lights Academy Inc

990EZ • Fiscal year 2017 • EIN 26-4334597

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 15, 2017

181 Carlyle WayFairbanks, AK 99709

(907) 458-1040

Siviq Scores

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

Liabilities / Assets

91st percentile

0.61x

Higher debt load relative to assets than 91% of similar nonprofits.

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

Liabilities / Revenue

85th percentile

0.14x

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

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

Net Margin

33rd percentile

-3.3%

Higher net margin than 33% of similar nonprofits.

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

Top Officer Pay

77th percentile

$3,000

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

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

Asset Growth

11th percentile

-40%

Faster asset growth than 11% of similar nonprofits.

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

Revenue Growth

18th percentile

-28%

Faster revenue growth than 18% of similar nonprofits.

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

Assets

Down

$8,315

Down $5,621 (-40%) from 2016

Net Assets

Down

$3,282

Down $1,173 (-26%) from 2016

Liabilities

Down

$5,033

Down $4,448 (-47%) from 2016

Revenue

Down

$35,305

Down $13,789 (-28%) from 2016

Expenses

Down

$36,477

Down $6,351 (-15%) from 2016

Net Income

Down

-$1,172

Down $7,438 (-119%) from 2016

Historical Trend

Balance Sheet Trend

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

$15K$10K$5.0K$0-$5.0KAssets 2015: $11,828Liabilities 2015: $13,638Net Assets 2015: -$1,8102015Assets 2016: $13,936Liabilities 2016: $9,481Net Assets 2016: $4,4552016Assets 2017: $8,315Liabilities 2017: $5,033Net Assets 2017: $3,2822017Assets 2018: $14,905Liabilities 2018: $112Net Assets 2018: $14,7932018

Highlighted filing

2017

Assets$8,315
Liabilities$5,033
Net Assets$3,282

Operations Trend

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

$60K$40K$20K$0-$20KRevenue 2015: $46,363Expenses 2015: $47,508Net Income 2015: -$1,1452015Revenue 2016: $49,094Expenses 2016: $42,828Net Income 2016: $6,2662016Revenue 2017: $35,305Expenses 2017: $36,477Net Income 2017: -$1,1722017Revenue 2018: $38,442Expenses 2018: $26,931Net Income 2018: $11,5112018

Highlighted filing

2017

Revenue$35,305
Expenses$36,477
Net Income-$1,172
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$40,709
Mission and Program Overview

Mission

The mission of northern lights academy is to provide a quality education in a place students can safely learn and grow. Learning is paramount at northern lights academy. Families are welcome and expected to participate in the learning process of their child. Due to smaller class size, the varied ages of the students, and the like-minded behavioral and ethical expectations of both families and staff, the students will be able to cover academic ground more quickly and in greater depth. Traditional as well as more out of the box teaching methods will be utilized.

Program Services

DescriptionGrantsExpenses
THE MISSION OF NORTHERN LIGHTS ACADEMY IS TO PROVIDE A QUALITY EDUCATION IN A PLACE STUDENTS CAN SAFELY LEARN AND GROW. LEARNING IS PARAMOUNT AT NORTHERN LIGHTS ACADEMY. FAMILIES ARE WELCOME AND EXPECTED TO PARTICIPATE IN THE LEARNING PROCESS OF THEIR CHILD. DUE TO SMALLER CLASS SIZE, THE VARIED AGES OF THE STUDENTS, AND THE LIKE-MINDED BEHAVIORAL AND ETHICAL EXPECTATIONS OF BOTH FAMILIES AND STAFF, THE STUDENTS WILL BE ABLE TO COVER ACADEMIC GROUND MORE QUICKLY AND IN GREATER DEPTH. TRADITIONAL AS WELL AS MORE OUT OF THE BOX TEACHING METHODS WILL BE UTILIZED.-$34,917
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JANICE TRUMBULLPresidentPT$3,000-$3,000
JEFF WAGNERVice Preside-$0--
PAMELA LEISTSecretary-$0--
VIRGINIA FARMIERTreasurer-$0--
STEPHANIE GAROUTTEDirector-$0--
CHARLOTTE CANONDirector-$0--
MICHELLE REIDDirector-$0--
FELICIA BURUDDirector-$0--
Filing and Contact Details

Filer

Filer Name
Northern Lights Academy Inc
EIN
26-4334597
Address
181 CARLYLE WAY, FAIRBANKS, AK 99709

Signing Officer

Name
Virginia Farmier
Title
Treasurer
Signed
2017-11-15
Discuss with paid preparer
Yes

Preparer

Firm
True North Business Services
Address
1201 9TH AVE STE 101, FAIRBANKS, AK 99701
Preparer
Virginia N Farmier CPA Ara
Phone
9074581040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Miscellaneous income 244 total 244

Form 990-ez, Part I, Line 16

Raffle tickets 304 taxes/licenses 20 charitable contributions 50 expenses 117 website 68 67 liability 1,957 workers comp 363 scholarship awarded 1,925 cleaning services & suppl 575 equipment rental & mainte 420 communication expense 2,129 testing material 73 mileage reimbursement 884 text books & teaching sup 1,049 uniform expense 160 dues & subscriptions 250 non-investment depreciation 666 total 11,077

Form 990-ez, Part II, Line 24

Accounts receivable 0 1,575 prepaid expenses and deferred charges 325 325 3,931 3,931 less accumulated depreciation 1,367 2,033 total 2,889 3,798

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 1,407 33 unsecured notes and loans payable 8,075 5,000

Form 990-ez, Part III

The mission of northern lights academy is to provide a quality education in a place students can safely learn and grow. Learning is paramount at northern lights academy. Families are welcome and expected to participate in the learning process of their child. Due to smaller class size, the varied ages of the students, and the like-minded behavioral and ethical expectations of both families and staff, the students will be able to cover academic ground more quickly and in greater depth. Traditional as well as more out of the box teaching methods will be utilized.

Form 990-ez, Part III, Line 28

The mission of northern lights academy is to provide a quality education in a place students can safely learn and grow. Learning is paramount at northern lights academy. Families are welcome and expected to participate in the learning process of their child. Due to smaller class size, the varied ages of the students, and the like-minded behavioral and ethical expectations of both families and staff, the students will be able to cover academic ground more quickly and in greater depth. Traditional as well as more out of the box teaching methods will be utilized.

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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PUBLISHED ON THE NORTHERN LIGHTS ACADEMY WEB PAGE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISCELLANEOUS INCOME 244 TOTAL 244
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RAFFLE TICKETS 304 TAXES/LICENSES 20 CHARITABLE CONTRIBUTIONS 50 EXPENSES 117 WEBSITE 68 67 LIABILITY 1,957 WORKERS COMP 363 SCHOLARSHIP AWARDED 1,925 CLEANING SERVICES & SUPPL 575 EQUIPMENT RENTAL & MAINTE 420 COMMUNICATION EXPENSE 2,129 TESTING MATERIAL 73 MILEAGE REIMBURSEMENT 884 TEXT BOOKS & TEACHING SUP 1,049 UNIFORM EXPENSE 160 DUES & SUBSCRIPTIONS 250 NON-INVESTMENT DEPRECIATION 666 TOTAL 11,077
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 0 1,575 PREPAID EXPENSES AND DEFERRED CHARGES 325 325 3,931 3,931 LESS ACCUMULATED DEPRECIATION 1,367 2,033 TOTAL 2,889 3,798
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 1,407 33 UNSECURED NOTES AND LOANS PAYABLE 8,075 5,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MISSION OF NORTHERN LIGHTS ACADEMY IS TO PROVIDE A QUALITY EDUCATION IN A PLACE STUDENTS CAN SAFELY LEARN AND GROW. LEARNING IS PARAMOUNT AT NORTHERN LIGHTS ACADEMY. FAMILIES ARE WELCOME AND EXPECTED TO PARTICIPATE IN THE LEARNING PROCESS OF THEIR CHILD. DUE TO SMALLER CLASS SIZE, THE VARIED AGES OF THE STUDENTS, AND THE LIKE-MINDED BEHAVIORAL AND ETHICAL EXPECTATIONS OF BOTH FAMILIES AND STAFF, THE STUDENTS WILL BE ABLE TO COVER ACADEMIC GROUND MORE QUICKLY AND IN GREATER DEPTH. TRADITIONAL AS WELL AS MORE OUT OF THE BOX TEACHING METHODS WILL BE UTILIZED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE MISSION OF NORTHERN LIGHTS ACADEMY IS TO PROVIDE A QUALITY EDUCATION IN A PLACE STUDENTS CAN SAFELY LEARN AND GROW. LEARNING IS PARAMOUNT AT NORTHERN LIGHTS ACADEMY. FAMILIES ARE WELCOME AND EXPECTED TO PARTICIPATE IN THE LEARNING PROCESS OF THEIR CHILD. DUE TO SMALLER CLASS SIZE, THE VARIED AGES OF THE STUDENTS, AND THE LIKE-MINDED BEHAVIORAL AND ETHICAL EXPECTATIONS OF BOTH FAMILIES AND STAFF, THE STUDENTS WILL BE ABLE TO COVER ACADEMIC GROUND MORE QUICKLY AND IN GREATER DEPTH. TRADITIONAL AS WELL AS MORE OUT OF THE BOX TEACHING METHODS WILL BE UTILIZED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
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ReturnHeader/ReturnTs02017-11-15T16:33:40-09:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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