Civic Intelligence

Sherman Academy Inc

990EZ • Fiscal year 2023 • EIN 27-3201320

Aug 01, 2022 to Jul 31, 2023 • Filed on Aug 31, 2023

Organization Profilewww.shermanacademy.org
1999 Tiger Eye CtWinston Salem, NC 27127

(336) 995-3235

Siviq Scores

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

Liabilities / Assets

96th percentile

1.05x

Higher debt load relative to assets than 96% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

1.05x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

34th percentile

-4.7%

Higher net margin than 34% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

97th percentile

$35,000

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 56.1% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

99th percentile

1346%

Faster asset growth than 99% of similar nonprofits.

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

Revenue Growth

58th percentile

12%

Faster revenue growth than 58% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$62,408

Up $51,333 (+464%) from 2023

Net Assets

Up

-$2,951

Up $6,574 (+69%) from 2023

Liabilities

Up

$65,359

Up $44,759 (+217%) from 2023

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin34th percentile

Revenue

Down

$62,408

Down $7,619 (-11%) from 2023

Expenses

Up

$65,359

Up $2,314 (+3.7%) from 2023

Net Income

Down

-$2,951

Down $9,933 (-142%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$100K$50K$0-$50KAssets 2022: $4,466Liabilities 2022: $70Net Assets 2022: $4,3962022Assets 2023: $62,408Liabilities 2023: $65,359Net Assets 2023: -$2,9512023Assets 2023: $11,075Liabilities 2023: $20,600Net Assets 2023: -$9,5252023Assets 2024: $4,931Liabilities 2024: $20,600Net Assets 2024: -$15,6692024

Highlighted filing

2023

Assets$62,408
Liabilities$65,359
Net Assets-$2,951
Open 2023 Filing

Operations Trend

Revenue Growth58th percentile

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

$150K$100K$50K$0-$50KRevenue 2022: $79,580Expenses 2022: $77,023Net Income 2022: $2,5572022Revenue 2023: $62,408Expenses 2023: $65,359Net Income 2023: -$2,9512023Revenue 2023: $70,027Expenses 2023: $63,045Net Income 2023: $6,9822023Revenue 2024: $110,773Expenses 2024: $116,917Net Income 2024: -$6,1442024

Highlighted filing

2023

Revenue$62,408
Expenses$65,359
Net Income-$2,951
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Aug 31, 2023
Return Version
2022v5.0
Gross Receipts
$62,408
Mission and Program Overview

Mission

To educate students one child at a time

For charitable and educational purposes

Program Services

DescriptionGrantsExpenses
For charitable and educational purposes--
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer ShermanExecutive DirectorFT$35,000-$35,000
Filing and Contact Details

Filer

Filer Name
Sherman Academy Inc
EIN
27-3201320
Address
1999 Tiger Eye Ct, Winston Salem, NC 27127

Signing Officer

Name
Jennifer Sherman
Title
Excutive Direct
Phone
3369953235
Signed
2023-08-31
Discuss with paid preparer
No

Preparer

Firm
The Tax Man of NC
Address
8001 NorthPoint Blvd Ste B, Winston Salem, NC 27106
Preparer
Rodney Lisenby
Phone
3369043571
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountSupplies 14,850computers 4,000”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearExpense 0 65,359”

Raw XML Appendix128 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0Jennifer Sherman
IRS990EZ/BooksInCareOfDetail/PhoneNum03369953235
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01999 Tiger Eye Ct
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Winston Salem
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027127
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt062408
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt026800
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-2951
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01350
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt062408
IRS990EZ/GrossReceiptsAmt062408
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-2951
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-2951
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt035000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Jennifer Sherman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Executive Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt018850
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0For charitable and educational purposes
IRS990EZ/PrintingPublicationsPostageAmt02928
IRS990EZ/ProgramServiceRevenueAmt035608
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0For charitable and educational purposes
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt042231
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0true
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NC
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt065359
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt065359
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt062408
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https://www.shermanacademy.org/
IRS990ScheduleA/SchoolInd0X
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/ExplanationTxt0___Organization__ is committed to a policy of equal employment opportunity and does not discriminate in the terms, conditions, or privileges of employment on account of race, age, color, sex, national origin, physical or mental disability, or religion or otherwise as may be prohibited by federal and state law.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of nondiscriminatory policy (Question 3)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountSupplies 14,850computers 4,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Category Beginning of Year End of YearExpense 0 65,359
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of total liabilities Part II line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Jennifer Sherman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Excutive Direct
ReturnHeader/BusinessOfficerGrp/PhoneNum03369953235
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Sherman Academy Inc
ReturnHeader/Filer/BusinessNameControlTxt0SHER
ReturnHeader/Filer/EIN0273201320
ReturnHeader/Filer/USAddress/AddressLine1Txt01999 Tiger Eye Ct
ReturnHeader/Filer/USAddress/CityNm0Winston Salem
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027127
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0820728173
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0The Tax Man of NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08001 NorthPoint Blvd Ste B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Winston Salem
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027106
ReturnHeader/PreparerPersonGrp/PhoneNum03369043571
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rodney Lisenby
ReturnHeader/ReturnTs02023-11-18T22:10:40-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Jennifer
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Sherman
ReturnHeader/TaxPeriodBeginDt02022-08-01
ReturnHeader/TaxPeriodEndDt02023-07-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$62,408
Liabilities
$65,359
Net assets
-$2,951
Revenue
$62,408
Expenses
$65,359
Net income
-$2,951
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.05$0.21$0.16$1.11$1.17$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.62$0.65$0.03$0.62$0.65$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.11$0.21$0.10$0.70$0.63$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.80$0.77$0.03