Civic Intelligence

Hope Creek Academy Inc.

990 • Fiscal year 2017 • EIN 27-2670276

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 08, 2018

Organization Profilewww.JustRightAcademy.org

View Organization Page

PO Box 3523Chapel Hill, NC 27515

(919) 932-0360

Siviq Scores

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

Liabilities / Assets

39th percentile

0.05x

Higher debt load relative to assets than 39% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

51st percentile

0.09x

Higher debt load relative to revenue than 51% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Net Margin

48th percentile

3.2%

Higher net margin than 48% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

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

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Asset Growth

38th percentile

1.3%

Faster asset growth than 38% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

2nd percentile

-65%

Faster revenue growth than 2% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$2,186,392

Up $29,001 (+1.3%) from 2016

Net Assets

Up

$2,080,778

Up $35,727 (+1.7%) from 2016

Liabilities

Down

$105,614

Down $6,726 (-6.0%) from 2016

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin48th percentile

Revenue

Down

$1,114,272

Down $2,110,148 (-65%) from 2016

Expenses

Down

$1,078,546

Down $15,027 (-1.4%) from 2016

Net Income

Down

$35,726

Down $2,095,121 (-98%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $25,483Net Assets 2011: $25,4832011Assets 2012: $18,926Liabilities 2012: $0Net Assets 2012: $18,9262012Assets 2014: $152,120Liabilities 2014: $4,287Net Assets 2014: $147,8332014Assets 2016: $2,157,391Liabilities 2016: $112,340Net Assets 2016: $2,045,0512016Assets 2017: $2,186,392Liabilities 2017: $105,614Net Assets 2017: $2,080,7782017Assets 2018: $2,399,815Liabilities 2018: $104,318Net Assets 2018: $2,295,4972018Assets 2019: $2,412,388Liabilities 2019: $83,011Net Assets 2019: $2,329,3772019Assets 2020: $2,632,072Liabilities 2020: $284,357Net Assets 2020: $2,347,7152020Assets 2021: $2,681,942Liabilities 2021: $49,655Net Assets 2021: $2,632,2872021Assets 2022: $2,464,873Liabilities 2022: $282,697Net Assets 2022: $2,182,1762022

Highlighted filing

2017

Assets$2,186,392
Liabilities$105,614
Net Assets$2,080,778
Open 2017 Filing

Operations Trend

Revenue Growth2nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $197,888Expenses 2011: $178,308Net Income 2011: $19,5802011Expenses 2012: $266,3582012Revenue 2014: $609,773Expenses 2014: $481,326Net Income 2014: $128,4472014Revenue 2016: $3,224,420Expenses 2016: $1,093,573Net Income 2016: $2,130,8472016Revenue 2017: $1,114,272Expenses 2017: $1,078,546Net Income 2017: $35,7262017Revenue 2018: $1,484,433Expenses 2018: $1,269,713Net Income 2018: $214,7202018Revenue 2019: $1,438,203Expenses 2019: $1,404,322Net Income 2019: $33,8812019Revenue 2020: $1,398,556Expenses 2020: $1,380,218Net Income 2020: $18,3382020Revenue 2021: $1,530,741Expenses 2021: $1,246,169Net Income 2021: $284,5722021Revenue 2022: $1,216,239Expenses 2022: $1,666,350Net Income 2022: -$450,1112022

Highlighted filing

2017

Revenue$1,114,272
Expenses$1,078,546
Net Income$35,726
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 8, 2018
Return Version
2016v3.0
Gross Receipts
$1,114,272
Mission and Program Overview

Mission

We are a private school, K-12, geared to children who need structure, consistency, positive reinforcement, more movement, reduced stress, both remediation and challenge along with a multi-sensory way of learning. Students receive direct small group and/or individual instruction in reading, math, language arts, social studies, science, art, music and drama.

We are a private school, K-12, geared to children who need structure, consistency, positive reinforcement, more movement, reduced stress, both remediation and challenge along with a multi-sensory way of learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,019,063$1,979,145▼ $39,918
Cash and Non-Interest-Bearing Accounts$52,120$77,294▲ $25,174
Savings and Temporary Cash Investments$26,061$71,309▲ $45,248
Accounts Receivable-$520-
Total Assets$2,157,391$2,186,392▲ $29,001
Other Assets Total$60,147$58,124▼ $2,023
Liabilities
Deferred Revenue$112,340$105,614▼ $6,726
Total Liabilities$112,340$105,614▼ $6,726
Net Assets / Fund Balance
Unrestricted Net Assets$2,045,051$2,080,778▲ $35,727
Total Net Assets Fund Balance$2,045,051$2,080,778▲ $35,727
Total Liabilities and Net Assets / Fund Balance$2,157,391$2,186,392▲ $29,001

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,479,093$60,907$1,540,000
Land$477,250-$477,250
Equipment$22,802$25,872$48,674
Compensation and Service Providers
Top Officer Pay33rd percentile

Board Members and Trustees

NameTitle
Kathryn WilliamsCo-Chair
Sharon UpdikeCo-Chair
Frank FloydMember
Jenny CohenMember
Kathryn AbbottMember
Marion HouserMember
Suzanne RameyMember
Varnell McDonald-FletcherMember
Jonathan TaylorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$233,525
Program Service Revenue
$880,268
Investment Income
$479
Other Revenue
$0
All Other Contributions
$77,525
Change in Net Assets
$35,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$843,040
Other Expenses$235,506
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$683,187$29,000-$712,187
Other Employee Benefits$62,875$2,620-$65,495
Payroll Taxes$62,744$2,614-$65,358
Occupancy$61,921--$61,921
Fees for Services Other$60,755--$60,755
Depreciation Depletion$44,806$1,218-$46,024
Office Expenses-$10,100-$10,100
Conferences and Meetings$5,757--$5,757
Insurance$3,360--$3,360
Fees for Services Accounting-$2,400-$2,400
Advertising$1,710--$1,710
Fees for Services Legal-$1,120-$1,120
Other Expenses$913--$913
Total Functional Expenses$1,029,474$49,072$0$1,078,546
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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

Governance Explanations

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

“The independent CPA firm prepares the Form 990. The school director and the Board treasurer review the form. Upon their approval, the Form 990 is filed with the IRS. A copy of the Form 990 is available to all board members upon request.”

Form 990, Part VI, Section C, Line 19

“Governing documents are available upon request at the organizations office.”

Form 990, Part VI, Section B, Line 12C

“At the first board meeting of the school year each member completes a Conflict of Interest Policy Disclosure Form.”

Form 990, Part VI, Section B, Line 15A

“The Board conducted research into salaries of executive directors and teachers at similar institutions and used the information gathered to set the salaries of the schools employees.”

Filing and Contact Details

Filer

Filer Name
Hope Creek Academy Inc
EIN
27-2670276
Phone
9199320360
Address
PO BOX 3523, CHAPEL HILL, NC 27515

Signing Officer

Name
Linda Ree Mcdonough
Title
Director
Signed
2018-01-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Ree McDonough
Formed
2010
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
29
Volunteers
2

Preparer

Firm
Lawson Travers CPA PLLC
Address
613 Aberdeen Drive, Chapel Hill, NC 27516
Preparer
Lawson A Travers
Phone
9199602794
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Rounding difference”

Raw XML AppendixShowing 400 of 419 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/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt026061
IRS990/SavingsAndTempCashInvstGrp/EOYAmt071309
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01479093
IRS990ScheduleD/BuildingsGrp/DepreciationAmt060907
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01540000
IRS990ScheduleD/EquipmentGrp/BookValueAmt022802
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025872
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt048674
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0477250
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0477250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01979145
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0These are grants from the NCSEAA State Education Assistance Authority - the Children with Disabilities Grant. Parents of students with current IEPs that determine their eligibility apply for these grants of up to 4,000 per semester which can be put towards private school tuition.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The independent CPA firm prepares the Form 990. The school director and the Board treasurer review the form. Upon their approval, the Form 990 is filed with the IRS. A copy of the Form 990 is available to all board members upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing documents are available upon request at the organizations office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2At the first board meeting of the school year each member completes a Conflict of Interest Policy Disclosure Form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board conducted research into salaries of executive directors and teachers at similar institutions and used the information gathered to set the salaries of the schools employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Rounding difference
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02157391
IRS990/TotalAssetsEOYAmt02186392
IRS990/TotalAssetsGrp/BOYAmt02157391
IRS990/TotalAssetsGrp/EOYAmt02186392
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0233525
IRS990/TotalEmployeeCnt029
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt049072
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01029474
IRS990/TotalFunctionalExpensesGrp/TotalAmt01078546
IRS990/TotalGrossUBIAmt0479
IRS990/TotalLiabilitiesBOYAmt0112340
IRS990/TotalLiabilitiesEOYAmt0105614
IRS990/TotalLiabilitiesGrp/BOYAmt0112340
IRS990/TotalLiabilitiesGrp/EOYAmt0105614
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02045051
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02080778
IRS990/TotalProgramServiceExpensesAmt01029474
IRS990/TotalProgramServiceRevenueAmt0880268
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0880268
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01114272
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0479
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02157391
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02186392
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02045051
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02080778
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 3523
IRS990/USAddress/CityNm0CHAPEL HILL
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027515
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.JustRightAcademy.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA REE MCDONOUGH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOPE CREEK ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0JUST
ReturnHeader/Filer/EIN0272670276
ReturnHeader/Filer/PhoneNum09199320360
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 3523
ReturnHeader/Filer/USAddress/CityNm0CHAPEL HILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027515
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId01250784AFC4745C5DE241C94C35212798614ADCD
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01250784AFC4745C5DE241C94C35212798614ADCD
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId06908962018008royoj7c
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-01-08

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,186,392
Liabilities
$105,614
Net assets
$2,080,778
Revenue
$1,114,272
Expenses
$1,078,546
Net income
$35,726
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.46$0.28$2.18$1.22$1.67$0.45
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.68$0.05$2.63$1.53$1.25$0.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.63$0.28$2.35$1.40$1.38$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.41$0.08$2.33$1.44$1.40$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.40$0.10$2.30$1.48$1.27$0.21
2017Detailed filing. Detailed filing data is available for this year.$2.19$0.11$2.08$1.11$1.08$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.16$0.11$2.05$3.22$1.09$2.13
2014Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.61$0.48$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.03$0.20$0.18$0.02