Civic Intelligence

Classical Academies Cfa Inc.

990 • Fiscal year 2014 • EIN 27-1315350

Jul 01, 2013 to Jun 30, 2014 • Filed on Sep 20, 2014

Organization Profilewww.llca.teamcfa.org
2520 Memorial Highway28746

(828) 625-9292

Siviq Scores

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

Liabilities / Assets

48th percentile

0.11x

Higher debt load relative to assets than 48% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

40th percentile

0.05x

Higher debt load relative to revenue than 40% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Net Margin

75th percentile

14%

Higher net margin than 75% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

31st percentile

$0

Higher top officer pay than 31% of similar nonprofits.

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

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Asset Growth

91st percentile

68%

Faster asset growth than 91% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$1,156,686

Up $469,470 (+68%) from 2013

Net Assets

Up

$1,025,763

Up $407,793 (+66%) from 2013

Liabilities

Up

$130,923

Up $61,677 (+89%) from 2013

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin75th percentile

Revenue

$2,881,769

No earlier filing loaded for comparison.

Expenses

Up

$2,473,976

Up $172,349 (+7.5%) from 2013

Net Income

$407,793

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$15M$10M$5.0M$0Assets 2012: $620,296Liabilities 2012: $164,973Net Assets 2012: $455,3232012Assets 2013: $687,216Liabilities 2013: $69,246Net Assets 2013: $617,9702013Assets 2014: $1,156,686Liabilities 2014: $130,923Net Assets 2014: $1,025,7632014Assets 2015: $10,919,861Liabilities 2015: $10,166,682Net Assets 2015: $753,1792015Assets 2016: $9,661,289Liabilities 2016: $9,187,995Net Assets 2016: $473,2942016Assets 2017: $9,450,706Liabilities 2017: $9,209,383Net Assets 2017: $241,3232017Assets 2018: $975,672Liabilities 2018: $51,781Net Assets 2018: $923,8912018Assets 2019: $1,191,717Liabilities 2019: $217,819Net Assets 2019: $973,8982019Assets 2020: $1,713,689Liabilities 2020: $650,567Net Assets 2020: $1,063,1222020Assets 2021: $1,845,129Liabilities 2021: $93,461Net Assets 2021: $1,751,6682021Assets 2022: $2,066,749Liabilities 2022: $264,270Net Assets 2022: $1,802,4792022Assets 2023: $3,096,714Liabilities 2023: $286,376Net Assets 2023: $2,810,3382023Assets 2024: $2,527,313Liabilities 2024: $166,344Net Assets 2024: $2,360,9692024Assets 2025: $2,955,819Liabilities 2025: $600,237Net Assets 2025: $2,355,5822025

Highlighted filing

2014

Assets$1,156,686
Liabilities$130,923
Net Assets$1,025,763
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $1,886,8362012Expenses 2013: $2,301,6272013Revenue 2014: $2,881,769Expenses 2014: $2,473,976Net Income 2014: $407,7932014Revenue 2015: $2,928,005Expenses 2015: $3,187,512Net Income 2015: -$259,5072015Revenue 2016: $3,256,830Expenses 2016: $3,536,715Net Income 2016: -$279,8852016Revenue 2017: $3,473,271Expenses 2017: $3,705,242Net Income 2017: -$231,9712017Revenue 2018: $5,176,778Expenses 2018: $4,494,210Net Income 2018: $682,5682018Revenue 2019: $4,830,828Expenses 2019: $4,781,886Net Income 2019: $48,9422019Revenue 2020: $4,977,532Expenses 2020: $4,888,308Net Income 2020: $89,2242020Revenue 2021: $6,420,854Expenses 2021: $5,732,308Net Income 2021: $688,5462021Revenue 2022: $6,033,498Expenses 2022: $5,982,687Net Income 2022: $50,8112022Revenue 2023: $6,734,210Expenses 2023: $5,726,351Net Income 2023: $1,007,8592023Revenue 2024: $5,670,976Expenses 2024: $6,120,345Net Income 2024: -$449,3692024Revenue 2025: $6,101,604Expenses 2025: $6,106,991Net Income 2025: -$5,3872025

Highlighted filing

2014

Revenue$2,881,769
Expenses$2,473,976
Net Income$407,793
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Sep 20, 2014
Return Version
2013v3.1
Gross Receipts
$2,881,769
Mission and Program Overview

Mission

Operate a public charter school to educate children in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$436,154$853,393▲ $417,239
Cash and Non-Interest-Bearing Accounts$186,079$230,831▲ $44,752
Accounts Receivable$46,669$43,691▼ $2,978
Prepaid Expenses and Deferred Charges$18,314$28,771▲ $10,457
Total Assets$687,216$1,156,686▲ $469,470
Liabilities
Unsecured Notes Loans Payable-$115,000-
Deferred Revenue$50,438$11,150▼ $39,288
Accounts Payable and Accrued Expenses$18,808$4,773▼ $14,035
Total Liabilities$69,246$130,923▲ $61,677
Net Assets / Fund Balance
Temporarily Rstr Net Assets$436,154$738,393▲ $302,239
Unrestricted Net Assets$181,816$287,370▲ $105,554
Total Net Assets Fund Balance$617,970$1,025,763▲ $407,793
Total Liabilities and Net Assets / Fund Balance$687,216$1,156,686▲ $469,470

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$393,292-$393,292
Land$255,000-$255,000
Buildings$163,273$15,659$178,932
Equipment$21,781$52,530$74,311
Leasehold Improvements$20,047$6,098$26,145
Compensation and Service Providers
Top Officer Pay31st percentile

Board Members and Trustees

NameTitle
Jim ProctorChairman
C Phillip ByersDirector
Joe MaimoneDirector
Julia PhillipsDirector
Mike HarringtonDirector
Russell PittsDirector
Melinda MorseSecretary
Chris BraundTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,773,471
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$108,298
All Other Contributions
$453,745
Change in Net Assets
$407,793
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,708,763
Other Expenses$765,213
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,197,161$133,356$0$1,330,517
Occupancy$0$209,472$0$209,472
Other Employee Benefits$172,853$12,488$0$185,341
Payroll Taxes$114,632$13,292$0$127,924
All Other Expenses$58,052$35,134$0$93,186
Pension Plan Contributions$60,661$4,320$0$64,981
Other Expenses$62,243$0$0$62,243
Office Expenses$39,969$6,200$0$46,169
Insurance$0$27,436$0$27,436
Conferences and Meetings$24,789$0$0$24,789
Depreciation Depletion$5,859$14,648$0$20,507
Information Technology$14,391$593$0$14,984
Advertising$0$14,718$0$14,718
Fees for Services Accounting$0$8,200$0$8,200
Travel$1,350$0$0$1,350
Total Functional Expenses$1,872,828$601,148$0$2,473,976
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Russell PittsOwnerInternet Service ProviderNo$4,503
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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

EIN
27-1315350
Phone
8286259292

Signing Officer

Name
Jim Proctor
Title
Chair
Phone
8286259292
Signed
2014-09-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
C Phillip Byers
Formed
2009
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
7
Employees
63
Volunteers
45

Preparer

Preparer
Darrell L Keller
Phone
7047390771
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Provided to the board at regular meeting for approval”

Pt VI, Line 12C

“Conflict of Interest statements are signed annually.”

Pt VI, Line 15B

“Compared to like positions at other charter schools.”

Pt VI, Line 15A

“Compared to like positions at other charter schools.”

Form 990, Part IX, Line 24F

“Field trips 43574. 43574. 0. 0. Student transportation 35134. 0. 35134. 0. Other 14478. 14478. 0. 0.”

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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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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0393292
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0393292
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0853393
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0POLICY IS INCLUDED IN BROCHURES AND MEDIA ADVERTISING
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0RUSSELL PITTS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Owner
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt04503
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Internet Service Provider
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Provided to the board at regular meeting for approval
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of Interest statements are signed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compared to like positions at other charter schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compared to like positions at other charter schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FIELD TRIPS 43574. 43574. 0. 0. STUDENT TRANSPORTATION 35134. 0. 35134. 0. OTHER 14478. 14478. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0436154
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0738393
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0687216
IRS990/TotalAssetsEOYAmt01156686
IRS990/TotalAssetsGrp/BOYAmt0687216
IRS990/TotalAssetsGrp/EOYAmt01156686
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02773471
IRS990/TotalEmployeeCnt063
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0601148
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01872828
IRS990/TotalFunctionalExpensesGrp/TotalAmt02473976
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt069246
IRS990/TotalLiabilitiesEOYAmt0130923
IRS990/TotalLiabilitiesGrp/BOYAmt069246
IRS990/TotalLiabilitiesGrp/EOYAmt0130923
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0617970
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01025763
IRS990/TotalProgramServiceExpensesAmt01872828
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0108298
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02881769
IRS990/TotalVolunteersCnt045
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0687216
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01156686
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt01350
IRS990/TravelGrp/TotalAmt01350
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0181816
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0287370
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0115000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10243 McCall Drive
IRS990/USAddress/City0Forest City
IRS990/USAddress/State0NC
IRS990/USAddress/ZIPCode028043
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.llca.teamcfa.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM PROCTOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum08286259292
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-09-20
ReturnHeader/Filer/BusinessName/BusinessNameLine10Classical Academies CFA Inc
ReturnHeader/Filer/BusinessNameControlTxt0CLAS
ReturnHeader/Filer/EIN0271315350
ReturnHeader/Filer/PhoneNum08286259292
ReturnHeader/Filer/USAddress/AddressLine102520 Memorial Highway
ReturnHeader/Filer/USAddress/City0Lake Lure
ReturnHeader/Filer/USAddress/State0NC
ReturnHeader/Filer/USAddress/ZIPCode028746
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Darrell L Keller CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10PO Box 1028
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Kings Mountain
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode028086
ReturnHeader/PreparerPersonGrp/PhoneNum07047390771
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARRELL L KELLER
ReturnHeader/ReturnTs02014-11-11T14:24:28-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,156,686
Liabilities
$130,923
Net assets
$1,025,763
Revenue
$2,881,769
Expenses
$2,473,976
Net income
$407,793
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.96$0.60$2.36$6.10$6.11$0.01
2024Detailed filing. Detailed filing data is available for this year.$2.53$0.17$2.36$5.67$6.12$0.45
2023Detailed filing. Detailed filing data is available for this year.$3.10$0.29$2.81$6.73$5.73$1.01
2022Detailed filing. Detailed filing data is available for this year.$2.07$0.26$1.80$6.03$5.98$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.85$0.09$1.75$6.42$5.73$0.69
2020Detailed filing. Detailed filing data is available for this year.$1.71$0.65$1.06$4.98$4.89$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.19$0.22$0.97$4.83$4.78$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.98$0.05$0.92$5.18$4.49$0.68
2017Detailed filing. Detailed filing data is available for this year.$9.45$9.21$0.24$3.47$3.71$0.23
2016Detailed filing. Detailed filing data is available for this year.$9.66$9.19$0.47$3.26$3.54$0.28
2015Detailed filing. Detailed filing data is available for this year.$10.9$10.2$0.75$2.93$3.19$0.26
2014Detailed filing. Detailed filing data is available for this year.$1.16$0.13$1.03$2.88$2.47$0.41
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.07$0.62$2.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.16$0.46$1.89