Civic Intelligence

Peachtree Learning Center

990 • Fiscal year 2021 • EIN 27-1648141

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 25, 2022

402 N Walnut AveCookeville, TN 38501

(931) 528-7216

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.19x

Higher debt load relative to assets than 82% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

87th percentile

0.31x

Higher debt load relative to revenue than 87% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

39th percentile

1.2%

Higher net margin than 39% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

35th percentile

-2.5%

Faster asset growth than 35% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

52nd percentile

6.2%

Faster revenue growth than 52% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$351,035

Down $8,879 (-2.5%) from 2020

Net Assets

Up

$284,709

Up $2,642 (+0.9%) from 2020

Liabilities

Down

$66,326

Down $11,521 (-15%) from 2020

Revenue

Up

$213,686

Up $12,514 (+6.2%) from 2020

Expenses

Up

$211,044

Up $17,409 (+9.0%) from 2020

Net Income

Down

$2,642

Down $4,895 (-65%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2016: $373,343Liabilities 2016: $114,569Net Assets 2016: $258,7742016Assets 2017: $366,909Liabilities 2017: $101,786Net Assets 2017: $265,1232017Assets 2018: $366,756Liabilities 2018: $87,740Net Assets 2018: $279,0162018Assets 2019: $360,446Liabilities 2019: $85,916Net Assets 2019: $274,5302019Assets 2020: $359,914Liabilities 2020: $77,847Net Assets 2020: $282,0672020Assets 2021: $351,035Liabilities 2021: $66,326Net Assets 2021: $284,7092021Assets 2022: $365,526Liabilities 2022: $56,256Net Assets 2022: $309,2702022Assets 2023: $621,484Liabilities 2023: $305,278Net Assets 2023: $316,2062023Assets 2024: $614,841Liabilities 2024: $312,956Net Assets 2024: $301,8852024

Highlighted filing

2021

Assets$351,035
Liabilities$66,326
Net Assets$284,709

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $145,751Expenses 2016: $151,457Net Income 2016: -$5,7062016Revenue 2017: $152,016Expenses 2017: $145,667Net Income 2017: $6,3492017Revenue 2018: $187,493Expenses 2018: $173,600Net Income 2018: $13,8932018Revenue 2019: $187,382Expenses 2019: $191,868Net Income 2019: -$4,4862019Revenue 2020: $201,172Expenses 2020: $193,635Net Income 2020: $7,5372020Revenue 2021: $213,686Expenses 2021: $211,044Net Income 2021: $2,6422021Revenue 2022: $294,988Expenses 2022: $270,427Net Income 2022: $24,5612022Revenue 2023: $400,660Expenses 2023: $393,724Net Income 2023: $6,9362023Revenue 2024: $487,786Expenses 2024: $511,260Net Income 2024: -$23,4742024

Highlighted filing

2021

Revenue$213,686
Expenses$211,044
Net Income$2,642
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 25, 2022
Return Version
2021v4.0
Gross Receipts
$213,686
Mission and Program Overview

Mission

Fine Arts Education

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$340,794$337,880▼ $2,914
Cash and Non-Interest-Bearing Accounts$16,246$11,724▼ $4,522
Accounts Receivable$2,874$1,431▼ $1,443
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$359,914$351,035▼ $8,879
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$75,961$64,574▼ $11,387
Other Liabilities$1,865$1,994▲ $129
Accounts Payable and Accrued Expenses$21$-242▼ $263
Total Liabilities$77,847$66,326▼ $11,521
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$282,067$284,709▲ $2,642
Total Net Assets Fund Balance$282,067$284,709▲ $2,642
Total Liabilities and Net Assets / Fund Balance$359,914$351,035▼ $8,879

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$183,180$89,885$273,065
Land$154,700-$154,700
Compensation and Service Providers

Board Members and Trustees

NameTitle
Melissa CreekChair Person
Angel CloughDirector
Jamie ThornsberryDirector
Terry PatatoDirector
Tabitha MerrittExecutive Director
Amy FarmerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,245
Program Service Revenue
$182,705
Investment Income
$17,736
Other Revenue
$0
All Other Contributions
$4,863
Change in Net Assets
$2,642
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$139,653
Other Expenses$71,371
Total Fundraising Expense$12,946
Professional Fundraising Fees$20
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$94,579$35,171-$129,750
Occupancy$11,016$1,224-$12,240
Payroll Taxes$7,229$2,674-$9,903
Depreciation Depletion$6,251$695-$6,946
Other Expenses$5,386-$11,020$5,386
All Other Expenses$3,229-$1,906$5,135
Office Expenses$4,264$473-$4,737
Insurance$3,324$369-$3,693
Information Technology$2,268$252-$2,520
Fees for Services Accounting-$940-$940
Advertising$27$3-$30
Fees for Services Professional Fundraising--$20$20
Total Functional Expenses$156,297$41,801$12,946$211,044
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$20
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$1,993
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Copies of form 990 will be provided to each board member. Board members will review the return and inform the Executive Director of any comments, concerns or questions. These items will be addressed and changes or clarifications will be made if deemed necessary.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Copies of the organization's application for exemption and current form 990 will be made available for inspection at the office of the organization upon written request of interested parties.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Copies of the organization's governing documents will be made available for inspection at the office of the organization upon written request of interested parties.

Filing and Contact Details

Filer

Filer Name
Peachtree Learning Center
EIN
27-1648141
Phone
9315287216
Address
402 N Walnut Ave, Cookeville, TN 38501

Signing Officer

Name
Tabitha Merritt
Title
Executive Director
Signed
2022-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tabitha Merritt
Formed
2009
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
6
Employees
6

Preparer

Firm
Summit Accounting Services LLC
Address
300 S Peters Road, Knoxville, TN 37923
Preparer
Tony Blevins CPA
Phone
8656911040
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09545
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt020395
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt016023
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt012377
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07491
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt065831
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0473674
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.86280
IRS990ScheduleA/PublicSupportPY170Pct00.88770
IRS990ScheduleA/PublicSupportTotal170Amt0413925
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt022357
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt038444
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt013615
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0187493
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0152016
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0413925
IRS990ScheduleA/TotalSupportAmt0479756
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0183180
IRS990ScheduleD/BuildingsGrp/DepreciationAmt089885
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0273065
IRS990ScheduleD/LandGrp/BookValueAmt0154700
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0154700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01993
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0337880
IRS990ScheduleD/TotalLiabilityAmt01994
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Copies of form 990 will be provided to each board member. Board members will review the return and inform the Executive Director of any comments, concerns or questions. These items will be addressed and changes or clarifications will be made if deemed necessary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Copies of the organization's application for exemption and current form 990 will be made available for inspection at the office of the organization upon written request of interested parties.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Copies of the organization's governing documents will be made available for inspection at the office of the organization upon written request of interested parties.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0359914
IRS990/TotalAssetsEOYAmt0351035
IRS990/TotalAssetsGrp/BOYAmt0359914
IRS990/TotalAssetsGrp/EOYAmt0351035
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt013245
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012946
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt041801
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0156297
IRS990/TotalFunctionalExpensesGrp/TotalAmt0211044
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt077847
IRS990/TotalLiabilitiesEOYAmt066326
IRS990/TotalLiabilitiesGrp/BOYAmt077847
IRS990/TotalLiabilitiesGrp/EOYAmt066326
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0282067
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0284709
IRS990/TotalProgramServiceExpensesAmt0156297
IRS990/TotalProgramServiceRevenueAmt0182705
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0200441
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0213686
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0359914
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0351035
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0402 N Walnut Ave
IRS990/USAddress/CityNm0Cookeville
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038501
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0peachtreelearningcenter.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Tabitha Merritt
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-07-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Peachtree Learning Center
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Attn Tabitha Merritt
ReturnHeader/Filer/BusinessNameControlTxt0PEAC
ReturnHeader/Filer/EIN0271648141
ReturnHeader/Filer/PhoneNum09315287216
ReturnHeader/Filer/USAddress/AddressLine1Txt0402 N Walnut Ave
ReturnHeader/Filer/USAddress/CityNm0Cookeville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038501
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0852696249
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Summit Accounting Services LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 S Peters Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Knoxville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN

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