Civic Intelligence

Pensacola Learning Academy

990 • Fiscal year 2023 • EIN 27-2431096

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

3186 Gateway LnCantonment, FL 32533

(850) 780-6132

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.07x

Higher debt load relative to assets than 63% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

52nd percentile

0.02x

Higher debt load relative to revenue than 52% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

78th percentile

25%

Higher net margin than 78% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

70th percentile

$56,654

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 11.2% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

99th percentile

588%

Faster asset growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

83rd percentile

54%

Faster revenue growth than 83% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$187,236

Up $160,013 (+588%) from 2022

Net Assets

Up

$175,026

Up $157,841 (+918%) from 2022

Liabilities

Up

$12,210

Up $2,172 (+22%) from 2022

Revenue

Up

$504,062

Up $177,709 (+54%) from 2022

Expenses

Up

$375,812

Up $2,008 (+0.5%) from 2022

Net Income

Up

$128,250

Up $175,701 (+370%) from 2022

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2021: $64,636Liabilities 2021: $0Net Assets 2021: $64,6362021Assets 2022: $27,223Liabilities 2022: $10,038Net Assets 2022: $17,1852022Assets 2023: $187,236Liabilities 2023: $12,210Net Assets 2023: $175,0262023Assets 2024: $143,479Liabilities 2024: $24,916Net Assets 2024: $118,5632024

Highlighted filing

2023

Assets$187,236
Liabilities$12,210
Net Assets$175,026

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2021: $184,624Expenses 2021: $152,113Net Income 2021: $32,5112021Revenue 2022: $326,353Expenses 2022: $373,804Net Income 2022: -$47,4512022Revenue 2023: $504,062Expenses 2023: $375,812Net Income 2023: $128,2502023Revenue 2024: $980,521Expenses 2024: $1,002,608Net Income 2024: -$22,0872024

Highlighted filing

2023

Revenue$504,062
Expenses$375,812
Net Income$128,250
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$504,062
Mission and Program Overview

Mission

Preparing students to learn and lead, while recognizing that each child has unique needs and abilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$27,223$187,236▲ $160,013
Rtn Earn Endowment Incm Other Fnds$17,185$175,026▲ $157,841
Total Assets$27,223$187,236▲ $160,013
Liabilities
Other Liabilities$10,038$12,210▲ $2,172
Total Liabilities$10,038$12,210▲ $2,172
Net Assets / Fund Balance
Total Net Assets Fund Balance$17,185$175,026▲ $157,841
Total Liabilities and Net Assets / Fund Balance$27,223$187,236▲ $160,013

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$32,465$32,465
Leasehold Improvements-$29,645$29,645
Other Land Buildings-$10,720$10,720
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Misty HiattPrincipalFT$56,654$56,654
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$504,062
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$128,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$204,010
Salaries, Compensation, and Employee Benefits$171,802
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$171,802--$171,802
Other Expenses$94,725--$94,725
Depreciation Depletion$24,830--$24,830
All Other Expenses$9,377--$9,377
Insurance$7,347--$7,347
Fees for Services Accounting$6,750--$6,750
Total Functional Expenses$375,812$0$0$375,812
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$6,960
Payroll taxes payable$5,250
Due to WFBA-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Filing and Contact Details

Filer

Filer Name
Pensacola Learning Academy
EIN
27-2431096
Address
3186 Gateway Ln, Cantonment, FL 32533

Signing Officer

Name
Misty Hiatt
Title
Principal
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Misty Hiatt
Formed
2010
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
3

Preparer

Preparer
Hunter C Whittington
Phone
8507771526
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Section B, Line 11B

The complete 990 is reviewed at the governing board meeting

Raw XML Appendix264 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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IRS990/BooksInCareOfDetail/PhoneNum08507806132
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IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0504062
IRS990/GroupReturnForAffiliatesInd0false
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IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InformationTechnologyGrp/TotalAmt00
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IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt072830
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IRS990/NoListedPersonsCompensatedInd0X
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IRS990/OtherExpensesGrp/Desc0Rent
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PriorPeriodAdjustmentsAmt029591
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ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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