Civic Intelligence

LLDC Lubbock Learning Difference Center Inc

990 • Fiscal year 2022 • EIN 27-0925239

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 23, 2023

Organization ProfileN/A
8315 IndianaLubbock, TX 79423

(806) 747-4277

Siviq Scores

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

Liabilities / Assets

94th percentile

0.97x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

95th percentile

3.41x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

13th percentile

-23%

Higher net margin than 13% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

23rd percentile

-7.9%

Faster asset growth than 23% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

83rd percentile

51%

Faster revenue growth than 83% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$3,300,362

Down $281,544 (-7.9%) from 2021

Net Assets

Down

$107,560

Down $211,319 (-66%) from 2021

Liabilities

Down

$3,192,802

Down $70,225 (-2.2%) from 2021

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin13th percentile

Revenue

Up

$935,250

Up $316,042 (+51%) from 2021

Expenses

Up

$1,146,569

Up $229,910 (+25%) from 2021

Net Income

Up

-$211,319

Up $86,132 (+29%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth23rd 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

2022

Assets$3,300,362
Liabilities$3,192,802
Net Assets$107,560
Open 2022 Filing

Operations Trend

Revenue Growth83rd 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

2022

Revenue$935,250
Expenses$1,146,569
Net Income-$211,319
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 23, 2023
Return Version
2022v5.0
Gross Receipts
$935,250
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 disabilities such as dyslexia, adhd, and other language processing disorders by providing community services, continued education, seminars, tutoring, summer programs & camps, diagnostic testing, and a school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,315,560$3,210,092▼ $105,468
Cash and Non-Interest-Bearing Accounts$266,346$90,270▼ $176,076
Total Assets$3,581,906$3,300,362▼ $281,544
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,658,463$2,592,650▼ $65,813
Other Liabilities$604,528$600,116▼ $4,412
Accounts Payable and Accrued Expenses$36$36→ $0
Total Liabilities$3,263,027$3,192,802▼ $70,225
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$318,879$107,560▼ $211,319
Total Net Assets Fund Balance$318,879$107,560▼ $211,319
Total Liabilities and Net Assets / Fund Balance$3,581,906$3,300,362▼ $281,544

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,723,016$552,854$3,275,870
Land$487,076-$487,076
Equipment$0$159,923$159,923
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Lisa StanePresidentFT$53,525$53,525
ALYSSA O'CONNORSecretary/treasurerFT$30,692$30,692
Donna PettitVice PresidentPT$26,144$26,144
Revenue and Support

Revenue Composition

Contributions and Grants
$345,482
Program Service Revenue
$589,768
Investment Income
$0
Other Revenue
$0
All Other Contributions
$193,707
Change in Net Assets
$-211,319
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$669,186
Other Expenses$477,383
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$441,037$90,554$0$531,591
Interest$151,398$0$0$151,398
Depreciation Depletion$84,374$21,094$0$105,468
Current Officers, Directors, Trustees, and Key Employees$61,211$15,421$0$76,632
Payroll Taxes$53,928$7,035$0$60,963
Occupancy$34,300$8,442$0$42,742
Office Expenses$33,063$1,200$0$34,263
Insurance$29,936$2,453$0$32,389
Fees for Services Legal$18,002$710$0$18,712
Advertising$12,125$0$0$12,125
Fees for Services Accounting$3,012$800$0$3,812
Other Expenses$3,435$0$0$3,435
Total Functional Expenses$998,860$147,709$0$1,146,569
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Holly Jolly$15,534$15,534$769$14,765
Total Events$15,534$15,534$7,303$8,231
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan (eidl)$345,588
Loan (eidl)$149,900
Roof Insurance Payable$104,628
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Filing and Contact Details

Filer

Filer Name
Lldc Lubbock Learning Difference Center Inc
EIN
27-0925239
Phone
8067474277
Address
8315 INDIANA, LUBBOCK, TX 79423
Doing Business As
Sharp Academy

Signing Officer

Name
Lisa Stane
Title
Member
Phone
8067474277
Signed
2023-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Stane
Formed
2022
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
1
Employees
17
Volunteers
0

Preparer

Firm
L Duane Allen CPA
Address
4415 66TH ST STE 101, LUBBOCK, TX 79414
Preparer
L Duane Allen
Phone
8067972768
Supplemental Narrative

Additional Explanations

Other

“Form 990, part 1, line 1, continued description of org. Mission stmt: dyslexia, adhd, ad ther language processing disorders by providing community services, continued education, seminars, tutoring, summer programs & camps, diagnostic testing, and a school.”

Pt VI, Line 11B

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

Pt VI, Line 12C

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

Pt VI, Line 15B

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

Pt 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 academy's office located at 8315 indiana ave, lubbock, texas.”

Pt VIII

“Line 1e: the organization received a payroll tax refund from the irs through the employee retention tax credit. The amount is $151,774.59.”

Raw XML AppendixShowing 400 of 429 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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IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0552854
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IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0159923
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0159923
IRS990ScheduleD/LandGrp/BookValueAmt0487076
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0487076
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN (EIDL)
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ROOF INSURANCE PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03210092
IRS990ScheduleD/TotalLiabilityAmt0600116
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
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IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0SHARP ACADEMY'S NONDISCRIMINATORY POLICY FOR STUDENTS AND STAFF, OR ANYONE IN THE COMMUNITY NEEDING THE SERVICES OF OUR ORGANIZATION, ARE PUBLISHED ON ALL PRINTED MARKETING MATERIAL, APPLICATIONS, SCHOLARSHIPS, DONOR SOLICITATIONS, AND THE SCHOOL WEBSITE. SHARP ACADEMY'S NONDISCRIMINATORY POLICY FOR STUDENTS AND STAFF, OR ANYONE IN THE COMMUNITY NEEDING THE SERVICES OF OUR ORGANIZATION, ARE PUBLISHED ON ALL PRINTED MARKETING MATERIAL, APPLICATIONS, SCHOLARSHIPS, DONOR SOLICITATIONS, AND THE SCHOOL WEBSITE.
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IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt06534
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt07303
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0HOLLY JOLLY
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt015534
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt015534
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt015534
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt015534
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt08231
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0769
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0769
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART 1, LINE 1, CONTINUED DESCRIPTION OF ORG. MISSION STMT: DYSLEXIA, ADHD, AD THER LANGUAGE PROCESSING DISORDERS BY PROVIDING COMMUNITY SERVICES, CONTINUED EDUCATION, SEMINARS, TUTORING, SUMMER PROGRAMS & CAMPS, DIAGNOSTIC TESTING, AND A SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS DID NOT REVIEW THE FORM 990 BEFORE FILING, BUT WILL REVIEW AT THEIR NEXT MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AS SOON AS POSSIBLE, EACH BOARD MEMBER IS REQUIRED TO DISCLOSE TO THE BOARD ANY CONFLICTS OF INTEREST THAT ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL FOLLOWS THE SALARY TRENDS FROM OTHER AREA PRIVATE SCHOOLS, AND DATA FROM THE INTERNET FOR SALARY COMPARISONS.
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 ACADEMY'S OFFICE LOCATED AT 8315 INDIANA AVE, LUBBOCK, TEXAS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LINE 1E: THE ORGANIZATION RECEIVED A PAYROLL TAX REFUND FROM THE IRS THROUGH THE EMPLOYEE RETENTION TAX CREDIT. THE AMOUNT IS $151,774.59.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VIII
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0LISA STANE

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,300,362
Liabilities
$3,192,802
Net assets
$107,560
Revenue
$935,250
Expenses
$1,146,569
Net income
-$211,319
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