Civic Intelligence

Foundations Christian Academy Inc.

990 • Fiscal year 2018 • EIN 27-0585199

Jul 01, 2017 to Jun 30, 2018 • Filed on Aug 31, 2018

Organization ProfileN/A
PO Box 681028Franklin, TN 37068

(615) 429-4817

Siviq Scores

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

Liabilities / Assets

76th percentile

0.26x

Higher debt load relative to assets than 76% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

61st percentile

0.07x

Higher debt load relative to revenue than 61% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

59th percentile

7.3%

Higher net margin than 59% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

60th percentile

$36,000

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

84th percentile

33%

Faster asset growth than 84% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

77th percentile

27%

Faster revenue growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$143,634

Up $35,509 (+33%) from 2017

Net Assets

Up

$106,399

Up $39,218 (+58%) from 2017

Liabilities

Down

$37,235

Down $3,709 (-9.1%) from 2017

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin59th percentile

Revenue

Up

$518,817

Up $108,863 (+27%) from 2017

Expenses

Up

$480,915

Up $66,699 (+16%) from 2017

Net Income

Up

$37,902

Up $42,164 (+989%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$600K$400K$200K$0Assets 2012: $93,209Liabilities 2012: $35,008Net Assets 2012: $58,2012012Assets 2013: $119,220Liabilities 2013: $33,210Net Assets 2013: $86,0102013Assets 2014: $109,433Liabilities 2014: $42,205Net Assets 2014: $67,2282014Assets 2015: $107,783Liabilities 2015: $40,300Net Assets 2015: $67,4832015Assets 2016: $105,838Liabilities 2016: $34,394Net Assets 2016: $71,4442016Assets 2017: $108,125Liabilities 2017: $40,944Net Assets 2017: $67,1812017Assets 2018: $143,634Liabilities 2018: $37,235Net Assets 2018: $106,3992018Assets 2019: $110,384Liabilities 2019: $26,590Net Assets 2019: $83,7942019Assets 2020: $118,571Liabilities 2020: $28,585Net Assets 2020: $89,9862020Assets 2021: $116,291Liabilities 2021: $34,110Net Assets 2021: $82,1812021Assets 2022: $222,374Liabilities 2022: $865Net Assets 2022: $221,5092022Assets 2023: $304,712Liabilities 2023: $981Net Assets 2023: $303,7312023Assets 2024: $368,666Liabilities 2024: $0Net Assets 2024: $368,6662024Assets 2025: $460,855Liabilities 2025: $0Net Assets 2025: $460,8552025

Highlighted filing

2018

Assets$143,634
Liabilities$37,235
Net Assets$106,399
Open 2018 Filing

Operations Trend

Revenue Growth77th percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2012: $272,1132012Expenses 2013: $317,7172013Revenue 2014: $368,838Expenses 2014: $387,620Net Income 2014: -$18,7822014Revenue 2015: $490,628Expenses 2015: $490,372Net Income 2015: $2562015Revenue 2016: $453,759Expenses 2016: $449,194Net Income 2016: $4,5652016Revenue 2017: $409,954Expenses 2017: $414,216Net Income 2017: -$4,2622017Revenue 2018: $518,817Expenses 2018: $480,915Net Income 2018: $37,9022018Revenue 2019: $456,100Expenses 2019: $478,844Net Income 2019: -$22,7442019Revenue 2020: $415,528Expenses 2020: $408,671Net Income 2020: $6,8572020Revenue 2021: $335,455Expenses 2021: $341,920Net Income 2021: -$6,4652021Revenue 2022: $445,450Expenses 2022: $400,421Net Income 2022: $45,0292022Revenue 2023: $550,135Expenses 2023: $467,913Net Income 2023: $82,2222023Revenue 2024: $639,109Expenses 2024: $575,155Net Income 2024: $63,9542024Revenue 2025: $675,049Expenses 2025: $582,627Net Income 2025: $92,4222025

Highlighted filing

2018

Revenue$518,817
Expenses$480,915
Net Income$37,902
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Aug 31, 2018
Return Version
2017v2.2
Gross Receipts
$518,817
Mission and Program Overview

Mission

Our purpose is to provide the highestquality education in a Christ centered interdenominational environment that supports and enhances the home school experience. We exist to encourage, enable and empower parents to educate their child in a way that first and foremost honors God.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$102,784$135,549▲ $32,765
Land, Buildings, and Equipment, Net$5,341$7,460▲ $2,119
Accounts Receivable-$625-
Total Assets$108,125$143,634▲ $35,509
Liabilities
Deferred Revenue$39,200$37,235▼ $1,965
Accounts Payable and Accrued Expenses$1,744--
Total Liabilities$40,944$37,235▼ $3,709
Net Assets / Fund Balance
Unrestricted Net Assets$67,181$106,399▲ $39,218
Total Net Assets Fund Balance$67,181$106,399▲ $39,218
Total Liabilities and Net Assets / Fund Balance$108,125$143,634▲ $35,509

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,460$3,313$10,773
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Peggy SullengerDirectorPT$36,000$36,000
Laura BlueVice PresidentPT$5,800$5,800
Alex HendersonBoard Member-$4,060$4,060
Delinia PoenitskeTreasurerPT$3,000$3,000
Michele ChandlerPresidentPT$3,000$3,000

Board Members and Trustees

NameTitle
Alan PoenitskeBoard Member
Jeff ChandlerBoard Member
Jim BlueBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$518,817
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$19,769
Change in Net Assets
$37,902
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$363,191
Other Expenses$117,724
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$264,118$72,410-$336,528
Occupancy$27,166$8,986-$36,152
Office Expenses$30,322$5,462-$35,784
Payroll Taxes-$26,663-$26,663
All Other Expenses$14,788$4,500-$19,288
Fees for Services Other$14,157$650-$14,807
Insurance$4,712$1,571-$6,283
Fees for Services Accounting$1,500--$1,500
Depreciation Depletion-$1,254-$1,254
Other Expenses$350$395-$395
Total Functional Expenses$357,113$123,802$0$480,915
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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

Officer directors etc family relationship Part VI line 2

“The Board consists of four married couples and each spouse has a vote.”

Members or stockholder classes and rights Part VI line 6

“The Organization is member supported and operated.”

Form 990 governing body review Part VI line 11

“The 990 was sent to the Board Members for review before filing the return. The board was provied with a copy of the 990 prior to filing via email and questions were addressed at that time.”

CEO executive director top management comp Part VI line 15A

“Compensation was determined using known compensation for other tutorials and homeschool organizations.”

Other officer or key employee compensation Part VI line 15B

“Compensation was determined using known compensation for other tutorials and home school organizations.”

Governing documents etc available to public Part VI line 19

“All documents are available for inspection by request.”

Filing and Contact Details

Filer

Filer Name
Foundations Christian Academy
EIN
27-0585199
Address
PO Box 681028, Franklin, TN 37068

Signing Officer

Name
Alan Poenitske
Title
Treasurer
Phone
6154955471
Signed
2018-08-31
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
Tn
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
40

Preparer

Firm
Tax Accounting and Business Service
Address
PO Box 3429, Brentwood, TN 37024
Preparer
Michael E Yates CPA
Phone
6153738290
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Adjustment to prior year 990 Retained Earnings”

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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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IRS990ScheduleA/PublicSupportTotal509Amt02084095
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0452035
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0357363
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0446396
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0486193
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0342108
IRS990ScheduleA/Total509Grp/TotalAmt02084095
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0456968
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0361477
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0453709
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0489969
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0344581
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02106704
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt07460
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03313
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010773
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07460
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt01800
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt13520
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt23000
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt33520
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm0Alan and Delinia Poenitske
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm1Laura Jim Blue
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm2Jeff Michelle Chandler
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm3Mike Hollie Ingram
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt0Board Members
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt1Board Member
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt2Board Member
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt3Baord Member
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt0Tuition discount
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt1Tutition Discount
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt2tuition discount
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt3tution discount
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board consists of four married couples and each spouse has a vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization is member supported and operated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The 990 was sent to the Board Members for review before filing the return. The board was provied with a copy of the 990 prior to filing via email and questions were addressed at that time.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation was determined using known compensation for other tutorials and homeschool organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation was determined using known compensation for other tutorials and home school organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All documents are available for inspection by request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Adjustment to prior year 990 Retained Earnings
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
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/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0108125
IRS990/TotalAssetsEOYAmt0143634
IRS990/TotalAssetsGrp/BOYAmt0108125
IRS990/TotalAssetsGrp/EOYAmt0143634
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0518817
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0123802
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0357113
IRS990/TotalFunctionalExpensesGrp/TotalAmt0480915
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt040944
IRS990/TotalLiabilitiesEOYAmt037235
IRS990/TotalLiabilitiesGrp/BOYAmt040944
IRS990/TotalLiabilitiesGrp/EOYAmt037235
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt067181
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0106399
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0357113
IRS990/TotalReportableCompFromOrgAmt051860
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0518817
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt040
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0108125
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0143634
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt067181
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0106399
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Alan Poenitske
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06154955471
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Foundations Christian Academy
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0270585199
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 681028
ReturnHeader/Filer/USAddress/CityNm0Franklin
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037068
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02787A4ED60EFA89EFA0DA2256D033E47DC417555
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02787A4ED60EFA89EFA0DA2256D033E47DC417555
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId06274772018319nwyfwcf
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-11-15
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt068.84.87.87
ReturnHeader/FilingSecurityInformation/IPDt02018-11-15
ReturnHeader/FilingSecurityInformation/IPTm012:58:46
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0475387183
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Tax Accounting and Business Service
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 3429
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Brentwood
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037024
ReturnHeader/PreparerPersonGrp/PhoneNum06153738290
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael E Yates CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-11-15T13:24:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$143,634
Liabilities
$37,235
Net assets
$106,399
Revenue
$518,817
Expenses
$480,915
Net income
$37,902
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.61$0.00$4.61$6.75$5.83$0.92
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.69$0.00$3.69$6.39$5.75$0.64
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$0.01$3.04$5.50$4.68$0.82
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.22$0.01$2.22$4.45$4.00$0.45
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$0.34$0.82$3.35$3.42$0.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.29$0.90$4.16$4.09$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.27$0.84$4.56$4.79$0.23
2018Detailed filing. Detailed filing data is available for this year.$1.44$0.37$1.06$5.19$4.81$0.38
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.41$0.67$4.10$4.14$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.34$0.71$4.54$4.49$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.08$0.40$0.67$4.91$4.90$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.09$0.42$0.67$3.69$3.88$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.33$0.86$3.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.35$0.58$2.72