Civic Intelligence

LLDC Lubbock Learning Difference Center Inc

990 • Fiscal year 2023 • EIN 27-0925239

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

Organization ProfileSHARPACADEMY.NET
8315 IndianaLubbock, TX 79423

(806) 786-7113

Siviq Scores

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

Liabilities / Assets

94th percentile

1.02x

Higher debt load relative to assets than 94% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

95th percentile

3.35x

Higher debt load relative to revenue than 95% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

17th percentile

-18%

Higher net margin than 17% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

48th percentile

$50,776

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

16th percentile

-7.6%

Faster asset growth than 16% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

37th percentile

-0.6%

Faster revenue growth than 37% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$3,050,247

Down $250,115 (-7.6%) from 2022

Net Assets

Down

-$63,418

Down $170,978 (-159%) from 2022

Liabilities

Down

$3,113,665

Down $79,137 (-2.5%) from 2022

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin17th percentile

Revenue

Down

$929,664

Down $5,586 (-0.6%) from 2022

Expenses

Down

$1,100,642

Down $45,927 (-4.0%) from 2022

Net Income

Up

-$170,978

Up $40,341 (+19%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $41,382Liabilities 2010: $0Net Assets 2010: $41,3822010Assets 2011: $57,048Liabilities 2011: $0Net Assets 2011: $57,0482011Assets 2012: $48,864Liabilities 2012: $0Net Assets 2012: $48,8642012Assets 2013: $523,071Liabilities 2013: -$18,203Net Assets 2013: $541,2742013Assets 2014: $571,997Liabilities 2014: $0Net Assets 2014: $571,9972014Assets 2015: $821,630Liabilities 2015: $0Net Assets 2015: $821,6302015Assets 2016: $4,305,225Liabilities 2016: $2,958,875Net Assets 2016: $1,346,3502016Assets 2017: $4,069,694Liabilities 2017: $2,926,087Net Assets 2017: $1,143,6072017Assets 2018: $3,876,677Liabilities 2018: $2,879,089Net Assets 2018: $997,5882018Assets 2019: $3,580,367Liabilities 2019: $2,796,170Net Assets 2019: $784,1972019Assets 2020: $3,498,506Liabilities 2020: $2,882,176Net Assets 2020: $616,3302020Assets 2021: $3,581,906Liabilities 2021: $3,263,027Net Assets 2021: $318,8792021Assets 2022: $3,300,362Liabilities 2022: $3,192,802Net Assets 2022: $107,5602022Assets 2023: $3,050,247Liabilities 2023: $3,113,665Net Assets 2023: -$63,4182023Assets 2024: $2,583,270Liabilities 2024: $2,840,456Net Assets 2024: -$257,1862024

Highlighted filing

2023

Assets$3,050,247
Liabilities$3,113,665
Net Assets-$63,418
Open 2023 Filing

Operations Trend

Revenue Growth37th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $49,1482010Expenses 2011: $199,7122011Expenses 2012: $378,7642012Revenue 2013: $980,739Expenses 2013: $490,032Net Income 2013: $490,7072013Revenue 2014: $685,951Expenses 2014: $637,029Net Income 2014: $48,9222014Revenue 2015: $1,022,673Expenses 2015: $759,383Net Income 2015: $263,2902015Revenue 2016: $817,930Expenses 2016: $1,017,268Net Income 2016: -$199,3382016Revenue 2017: $887,000Expenses 2017: $1,082,195Net Income 2017: -$195,1952017Revenue 2018: $882,500Expenses 2018: $1,031,719Net Income 2018: -$149,2192018Revenue 2019: $720,507Expenses 2019: $933,898Net Income 2019: -$213,3912019Revenue 2020: $658,377Expenses 2020: $826,244Net Income 2020: -$167,8672020Revenue 2021: $619,208Expenses 2021: $916,659Net Income 2021: -$297,4512021Revenue 2022: $935,250Expenses 2022: $1,146,569Net Income 2022: -$211,3192022Revenue 2023: $929,664Expenses 2023: $1,100,642Net Income 2023: -$170,9782023Revenue 2024: $564,400Expenses 2024: $653,645Net Income 2024: -$89,2452024

Highlighted filing

2023

Revenue$929,664
Expenses$1,100,642
Net Income-$170,978
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.1
Gross Receipts
$929,664
Mission and Program Overview

Mission

A collegiate preparatory school committed to preparing bright students who learn differently to reach their god-given potential for college and for life. We embrace creativity in learning through academics, sports, fine arts, and expanded sociability.

Serving any parents, educators, and students who live and deal with learning disablilites such as dyslexia, adhd, and other language processing disorders by providing community services, continued education, seminars, tutoring, summer programs & camps, diagnostic testing & school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,210,092$3,031,419▼ $178,673
Accounts Receivable-$19,025-
Cash and Non-Interest-Bearing Accounts$90,270$-197▼ $90,467
Total Assets$3,300,362$3,050,247▼ $250,115
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,592,650$2,536,850▼ $55,800
Unsecured Notes Loans Payable$600,116$576,815▼ $23,301
Accounts Payable and Accrued Expenses$36--
Total Liabilities$3,192,802$3,113,665▼ $79,137
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$107,560$-63,418▼ $170,978
Total Net Assets Fund Balance$107,560$-63,418▼ $170,978
Total Liabilities and Net Assets / Fund Balance$3,300,362$3,050,247▼ $250,115

Asset Categories

AssetBook ValueDepreciationBasis
Land$3,031,419--
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleBaseTotal
Lisa StanePresident$50,776$50,776
Alyssa OconnorSecretarytreasurer$30,230$30,230
Donna PettitVice President$13,376$13,376
Revenue and Support

Revenue Composition

Contributions and Grants
$196,286
Program Service Revenue
$560,341
Investment Income
$0
Other Revenue
$173,037
Change in Net Assets
$-170,978
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$628,356
Other Expenses$472,286
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$484,591--$484,591
Interest$181,390--$181,390
Current Officers, Directors, Trustees, and Key Employees$94,362--$94,362
Depreciation Depletion$87,736--$87,736
Occupancy$58,826--$58,826
Payroll Taxes$49,403--$49,403
Insurance$36,810--$36,810
Office Expenses$20,437--$20,437
Other Expenses$12,970--$12,970
All Other Expenses$9,479--$9,479
Advertising$8,524--$8,524
Fees for Services Accounting$8,289--$8,289
Total Functional Expenses$1,100,642$0$0$1,100,642
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
Yes
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
No
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

Form 990 governing body review Part VI line 11

“The board of directors did not review 990 before filing but will review at the next board meeting.”

Conflict of interest policy compliance Part VI line 12C

“As soon as possible, each board member is required to disclose to the board any conflicts of interest that arise.”

Other officer or key employee compensation Part VI line 15B

“The school follows the salary trends from other area private schools, and data from the internet for salary comparisons.”

Form 990 availability to public Part VI line 18

“The school makes 990 available for inspection at sharp academys office located at 8315 indiana lubbock, tx”

Governing documents etc available to public Part VI line 19

“The school makes its governing documents, conflict of interest policy and financial statements available for public inspection. The documents are available for inspection at sharp academys office located at 8315 indiana ave lubbock texas”

Filing and Contact Details

Filer

Filer Name
Lubbock Learning Difference Center Inc
EIN
27-0925239
Address
8315 INDIANA, Lubbock, TX 79423
Doing Business As
Sharp Academy

Signing Officer

Name
Lisa Stane
Title
President
Phone
8067867113
Signed
2024-11-12

Organization Details

Principal Officer
Lisa Stane
Formed
2009
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
1
Employees
26
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS DID NOT REVIEW 990 BEFORE FILING BUT WILL REVIEW AT THE NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AS SOON AS POSSIBLE, EACH BOARD MEMBER IS REQUIRED TO DISCLOSE TO THE BOARD ANY CONFLICTS OF INTEREST THAT ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL FOLLOWS THE SALARY TRENDS FROM OTHER AREA PRIVATE SCHOOLS, AND DATA FROM THE INTERNET FOR SALARY COMPARISONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL MAKES 990 AVAILABLE FOR INSPECTION AT SHARP ACADEMYS OFFICE LOCATED AT 8315 INDIANA LUBBOCK, TX
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION. THE DOCUMENTS ARE AVAILABLE FOR INSPECTION AT SHARP ACADEMYS OFFICE LOCATED AT 8315 INDIANA AVE LUBBOCK TEXAS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03300362
IRS990/TotalAssetsEOYAmt03050247
IRS990/TotalAssetsGrp/BOYAmt03300362
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IRS990/TotalEmployeeCnt026
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01100642
IRS990/TotalFunctionalExpensesGrp/TotalAmt01100642
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03192802
IRS990/TotalLiabilitiesEOYAmt03113665
IRS990/TotalLiabilitiesGrp/BOYAmt03192802
IRS990/TotalLiabilitiesGrp/EOYAmt03113665
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0107560
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-63418
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01100642
IRS990/TotalProgramServiceRevenueAmt0560341
IRS990/TotalReportableCompFromOrgAmt094382
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0733378
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0929664
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03300362
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03050247
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0600116
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0576815
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06914 ALBANY AVE
IRS990/USAddress/CityNm0Lubbock
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079424
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LISA STANE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08067867113
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LUBBOCK LEARNING DIFFERENCE CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0LUBB
ReturnHeader/Filer/EIN0270925239
ReturnHeader/Filer/USAddress/AddressLine1Txt08315 INDIANA
ReturnHeader/Filer/USAddress/CityNm0Lubbock
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079423
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02024-11-12T17:22:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,050,247
Liabilities
$3,113,665
Net assets
-$63,418
Revenue
$929,664
Expenses
$1,100,642
Net income
-$170,978
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.58$2.84$0.26$0.56$0.65$0.09
2023Detailed filing. Detailed filing data is available for this year.$3.05$3.11$0.06$0.93$1.10$0.17
2022Detailed filing. Detailed filing data is available for this year.$3.30$3.19$0.11$0.94$1.15$0.21
2021Detailed filing. Detailed filing data is available for this year.$3.58$3.26$0.32$0.62$0.92$0.30
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.50$2.88$0.62$0.66$0.83$0.17
2019Detailed filing. Detailed filing data is available for this year.$3.58$2.80$0.78$0.72$0.93$0.21
2018Detailed filing. Detailed filing data is available for this year.$3.88$2.88$1.00$0.88$1.03$0.15
2017Detailed filing. Detailed filing data is available for this year.$4.07$2.93$1.14$0.89$1.08$0.20
2016Detailed filing. Detailed filing data is available for this year.$4.31$2.96$1.35$0.82$1.02$0.20
2015Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$1.02$0.76$0.26
2014Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.69$0.64$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.52$0.02$0.54$0.98$0.49$0.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.05$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.00$0.06$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.00$0.04$0.05