Civic Intelligence

Crown Leadership Academy Inc

EIN 27-2545771 • 501(c)3 • Mount Pleasant, SC

Profile

Independent private christian school

PO Box 2026Mount Pleasant, SC 29465

crownleadershipacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

64th percentile

0.17x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.09x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

83rd percentile

34%

Higher net margin than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

100th percentile

2206%

Faster asset growth than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

73%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$1,705,646

Up $1,631,682 (+2206%) from 2023

Liabilities

Up

$288,111

Up $178,934 (+164%) from 2023

Net Assets

Up

$1,417,535

Up $1,452,748 (+4126%) from 2023

Operations
Liabilities / Revenue52nd percentileNet Margin83rd percentile

Revenue

Up

$3,290,137

Up $1,393,181 (+73%) from 2023

Expenses

Up

$2,183,216

Up $300,643 (+16%) from 2023

Net Income

Up

$1,106,921

Up $1,092,538 (+7596%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth100th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2014: $8,603Liabilities 2014: $1,805Net Assets 2014: $6,7982014Assets 2017: $89,716Liabilities 2017: $86,617Net Assets 2017: $3,0992017Assets 2018: $52,741Liabilities 2018: $79,457Net Assets 2018: -$26,7162018Assets 2019: $50,156Liabilities 2019: $93,332Net Assets 2019: -$43,1762019Assets 2020: $214,093Liabilities 2020: $275,909Net Assets 2020: -$61,8162020Assets 2021: $105,045Liabilities 2021: $148,568Net Assets 2021: -$43,5232021Assets 2022: $91,500Liabilities 2022: $125,427Net Assets 2022: -$33,9272022Assets 2023: $73,964Liabilities 2023: $109,177Net Assets 2023: -$35,2132023Assets 2024: $1,705,646Liabilities 2024: $288,111Net Assets 2024: $1,417,5352024

Highlighted filing

2024

Assets$1,705,646
Liabilities$288,111
Net Assets$1,417,535
Open 2024 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $205,535Expenses 2014: $199,760Net Income 2014: $5,7752014Revenue 2017: $957,356Expenses 2017: $963,026Net Income 2017: -$5,6702017Revenue 2018: $1,183,204Expenses 2018: $1,229,963Net Income 2018: -$46,7592018Revenue 2019: $1,206,616Expenses 2019: $1,209,425Net Income 2019: -$2,8092019Revenue 2020: $1,423,040Expenses 2020: $1,447,999Net Income 2020: -$24,9592020Revenue 2021: $1,627,944Expenses 2021: $1,610,814Net Income 2021: $17,1302021Revenue 2022: $1,652,518Expenses 2022: $1,633,145Net Income 2022: $19,3732022Revenue 2023: $1,896,956Expenses 2023: $1,882,573Net Income 2023: $14,3832023Revenue 2024: $3,290,137Expenses 2024: $2,183,216Net Income 2024: $1,106,9212024

Highlighted filing

2024

Revenue$3,290,137
Expenses$2,183,216
Net Income$1,106,921
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,705,646
Liabilities
$288,111
Net assets
$1,417,535
Revenue
$3,290,137
Expenses
$2,183,216
Net income
$1,106,921
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.71$0.29$1.42$3.29$2.18$1.11
2023Detailed filing. Detailed filing data is available for this year.$0.07$0.11$0.04$1.90$1.88$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.09$0.13$0.03$1.65$1.63$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.15$0.04$1.63$1.61$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.21$0.28$0.06$1.42$1.45$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.05$0.09$0.04$1.21$1.21$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.05$0.08$0.03$1.18$1.23$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.09$0.09$0.00$0.96$0.96$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.21$0.20$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$3,290,137
Mission and Program Overview

Mission

Independent private christian school

Crown leadership academy equips each student for his or her life by preparing them academically, spiritually, physically, and socially.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$1,007,629-
Cash and Non-Interest-Bearing Accounts$33,148$516,251▲ $483,103
Accounts Receivable$-3,979$72,382▲ $76,361
Land, Buildings, and Equipment, Net$28,147$20,125▼ $8,022
Prepaid Expenses and Deferred Charges$2,660$274▼ $2,386
Total Assets$73,964$1,705,646▲ $1,631,682
Other Assets Total$13,988$88,985▲ $74,997
Liabilities
Deferred Revenue$26,163$156,862▲ $130,699
Accounts Payable and Accrued Expenses$32,014$130,249▲ $98,235
Unsecured Notes Loans Payable$50,000--
Other Liabilities$1,000$1,000→ $0
Total Liabilities$109,177$288,111▲ $178,934
Net Assets / Fund Balance
Net Assets With Donor Restrictions$26,154$1,217,218▲ $1,191,064
Net Assets Without Donor Restrictions$-61,367$200,317▲ $261,684
Total Net Assets Fund Balance$-35,213$1,417,535▲ $1,452,748
Total Liabilities and Net Assets / Fund Balance$73,964$1,705,646▲ $1,631,682

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,370$27,522-
Leasehold Improvements$7,755$6,881-
Other Assets Org$13,985--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lathan CareyPresidentFT$99,366$3,089$102,455
Sara CareySec and PrinFT$86,614$3,088$89,702

Board Members and Trustees

NameTitle
Lysa TutenChair
Alex BonillaBoard Member
Jared DeanBoard Member
Sara MoseleyBoard Member
Brent DillionTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,475,503
Program Service Revenue
$1,777,837
Investment Income
$4,154
Other Revenue
$32,643
All Other Contributions
$1,473,031
Change in Net Assets
$1,106,921

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,266,662
Revenue Not Reported on Financial Statements
$23,475
Other Revenue Adjustments
$23,475
Total Revenue per Audited Statements
$3,266,662
Total Revenue per Form 990
$3,290,137
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,277,524
Other Expenses$882,217
Total Fundraising Expense$123,426
Grants and Similar Amounts Paid$23,475
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$967,645$20,387-$988,032
Occupancy$446,330$22,261$10,798$479,389
Current Officers, Directors, Trustees, and Key Employees$123,155$37,893$28,421$189,469
Fees for Services Accounting-$98,513-$98,513
Payroll Taxes$85,544$4,579$2,221$92,344
Fees for Services Other$2,656-$80,097$82,753
Office Expenses$34,661$2,274$1,031$37,966
Grants to Domestic Individuals$23,475--$23,475
Fees for Services Legal-$14,005-$14,005
Other Expenses$10,621--$10,621
Information Technology$9,651$300$145$10,096
All Other Expenses$8,220--$8,220
Other Employee Benefits$6,967$527$185$7,679
Depreciation Depletion$6,295$688$172$7,155
Travel$3,354--$3,354
Advertising$3,319--$3,319
Insurance-$1,965$356$2,321
Total Functional Expenses$1,856,398$203,392$123,426$2,183,216

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,183,216
Expenses per Audited Statements$2,159,741
Total Expenses per Audited Statements$2,159,741
Expenses Not Reported on Financial Statements$23,475
Other Expense Adjustments$23,475
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
Security Deposit$1,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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, Page 6, Part VI, Line 2

“Lathan carey sara carey president secretary spouse”

Form 990, Page 6, Part VI, Line 11B

“Each board member is provided with a copy.”

Form 990, Page 6, Part VI, Line 12C

“Policy is outlined in organizing documents with which we comply.”

Form 990, Page 6, Part VI, Line 15A

“Salary is determined by board of directors.”

Form 990, Page 6, Part VI, Line 15B

“Salary is determined by board of directors.”

Form 990, Page 6, Part VI, Line 19

“All such documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Crown Leadership Academy Inc
EIN
27-2545771
Phone
8439728119
Address
PO BOX 2026, MOUNT PLEASANT, SC 29465

Signing Officer

Name
Lathan Carey
Title
President
Phone
8439728119
Signed
2025-05-15

Organization Details

Principal Officer
Lathan Carey
Formed
2010
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
5
Employees
38
Volunteers
14

Preparer

Firm
Glaser and Company LLC
Address
1859 SUMMERVILLE AVE STE 800, CHARLESTON, SC 29405
Preparer
Erik M Glaser CPA
Phone
8438490179
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Crown is a setting where students are not merely taught but become catalysts in their own learning. Students demonstrate mastery in an approach that is authentic and meaningful throughout integrated courses, earning crown the coveted steam (science, technology, engineering, art and math) certification from the south carolina independent school association. Crowns unique schedule gives students lessons in time management and personal responsibility. Crown has received advanced accreditation through cognia.”

Form 990, Part III

“Form 990, part iii, line 4a - continued crown's performing arts took on another level. In addition to the high school worship team leading chapel, the middle school team also was able to lead their chapel services. Over 40 students and adults helped put on crown's very first musical, annie. The show was for two nights, sold out on both of them and was a stunning success. Crown's athletic program grew to include more sports including bowling and a dance team in addition to cross country, volleyball, basketball, and cheerleading. At the north campus, crown invested heavily to create an indoor playspace which was enjoyed throughout the year. Work was also started on renovating a 3,500 square foot building that will create 3 new classrooms, and a homeroom for the middle and high school. Work was also done in the elementary area to separate the school section from the church which will also provide additional security.”

Form 990, Part XI, Line 9

“Scholarships -23,475 scholarships 23,475”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

“SCHOLARSHIPS 23,475”

Schedule D, Page 4, Part XII, Line 4B

“SCHOLARSHIPS 23,475”

Raw XML AppendixShowing 400 of 446 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/Desc02023-2024 CROWN FULFILLED ITS MISSION IN MANY WAYS. WE HAD 15 TOTAL GRADUATES FROM BOTH CAMPUSES. 12 OF THESE WENT INTO THE COLLEGE OF THEIR CHOICE WHILE 3 WENT DIRECTLY INTO THE WORKFORCE. CROWN WAS AGAIN SELECTED TO RECEIVE THE BEST PRIVATE SCHOOL SELECTION IN CHARLESTON SPONSORED BY THE POST & COURIER. CROWN FURTHER INVOLVED ITSELF IN OUR COMMUNITY BY SEVERAL SERVICE OUTREACHES INCLUDING: WORKING WITH HABITAT FOR HUMANITY TO BUILD HOMES, SERVING WITH GOING PLACES ASSEMBLING AND PASSING OUT DONATED BICYCLES TO LOCAL CHILDREN AT CHARLESTON AREA PUBLIC SCHOOLS. WE HELPED MANY OF OUR OWN FAMILIES WITH 13 STUDENTS ON CROWN THE KIDS SCHOLARSHIPS. THIS YEAR WE HAD 18 STUDENTS AND ADULTS TAKE ADVANTAGE OF BEING BAPTISED AT THE ISLE OF PALMS BEACH. (CONTINUED ON SCHEDULE O)
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS 23,475
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIPS 23,475
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL PUBLISHES ITS NONDISCRIMINATION POLICIES IN VARIOUS ADS, PUBLICATIONS, AND ITS WEBSITE. CROWN LEADERSHIP ACADEMY ADMITS STUDENTS OF EVERY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN TO ALL OF THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF COLOR, RACE, OR NATIONAL OR ETHNIC ORIGIN IN THE ADMINISTRATION OF ITS EDUCATIONAL AND ADMISSIONS POLICIES AND OTHER SCHOOL-ADMINISTERED PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL SCHOLARSHIP RECIPIENTS HAVE TO BE REGISTERED FOR THE SCHOOL YEAR AND SUBMIT AN APPLICATION. THE APPLICATION INCLUDES A FORM, REQUIRES A NET WORTH STATEMENT, AND THE LAST YEAR'S TAX RETURN FOR WHICH TAXES WERE FILED. APPLICANTS CAN ALSO SUBMIT A RECOMMENDATION LETTER. SCHOLARSHIPS ARE BASED ON INCOME LEVEL AND THE AMOUNTS ARE DETERMINED BY THE FUNDS AVAILABLE. NO AWARD IS GIVEN BASED ON A STUDENT OR FAMILY'S COLOR, RACE, NATIONAL OR ETHNIC ORIGIN.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CROWN IS A SETTING WHERE STUDENTS ARE NOT MERELY TAUGHT BUT BECOME CATALYSTS IN THEIR OWN LEARNING. STUDENTS DEMONSTRATE MASTERY IN AN APPROACH THAT IS AUTHENTIC AND MEANINGFUL THROUGHOUT INTEGRATED COURSES, EARNING CROWN THE COVETED STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ART AND MATH) CERTIFICATION FROM THE SOUTH CAROLINA INDEPENDENT SCHOOL ASSOCIATION. CROWNS UNIQUE SCHEDULE GIVES STUDENTS LESSONS IN TIME MANAGEMENT AND PERSONAL RESPONSIBILITY. CROWN HAS RECEIVED ADVANCED ACCREDITATION THROUGH COGNIA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART III, LINE 4A - CONTINUED CROWN'S PERFORMING ARTS TOOK ON ANOTHER LEVEL. IN ADDITION TO THE HIGH SCHOOL WORSHIP TEAM LEADING CHAPEL, THE MIDDLE SCHOOL TEAM ALSO WAS ABLE TO LEAD THEIR CHAPEL SERVICES. OVER 40 STUDENTS AND ADULTS HELPED PUT ON CROWN'S VERY FIRST MUSICAL, ANNIE. THE SHOW WAS FOR TWO NIGHTS, SOLD OUT ON BOTH OF THEM AND WAS A STUNNING SUCCESS. CROWN'S ATHLETIC PROGRAM GREW TO INCLUDE MORE SPORTS INCLUDING BOWLING AND A DANCE TEAM IN ADDITION TO CROSS COUNTRY, VOLLEYBALL, BASKETBALL, AND CHEERLEADING. AT THE NORTH CAMPUS, CROWN INVESTED HEAVILY TO CREATE AN INDOOR PLAYSPACE WHICH WAS ENJOYED THROUGHOUT THE YEAR. WORK WAS ALSO STARTED ON RENOVATING A 3,500 SQUARE FOOT BUILDING THAT WILL CREATE 3 NEW CLASSROOMS, AND A HOMEROOM FOR THE MIDDLE AND HIGH SCHOOL. WORK WAS ALSO DONE IN THE ELEMENTARY AREA TO SEPARATE THE SCHOOL SECTION FROM THE CHURCH WHICH WILL ALSO PROVIDE ADDITIONAL SECURITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LATHAN CAREY SARA CAREY PRESIDENT SECRETARY SPOUSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH BOARD MEMBER IS PROVIDED WITH A COPY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4POLICY IS OUTLINED IN ORGANIZING DOCUMENTS WITH WHICH WE COMPLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SALARY IS DETERMINED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SALARY IS DETERMINED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL SUCH DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SCHOLARSHIPS -23,475 SCHOLARSHIPS 23,475
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
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