Civic Intelligence

Coastal Leadership Academy

EIN 27-4672722 • 501(c)3 • Myrtle Beach, SC

Profile

Coastal leadership academys mission is to engage students in authentic project based learning that will improve academic achievement, critical and creative thinking, and awareness of their leadership roles in our community and environment.

3710 Palmetto Pointe Blvd No 101Myrtle Beach, SC 29588

www.coastalleadershipacademy.org

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.90x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

91st percentile

1.52x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

43rd percentile

1.4%

Higher net margin than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

99th percentile

430%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

69th percentile

21%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$4,998,387

Up $4,055,306 (+430%) from 2021

Liabilities

Up

$4,508,607

Up $4,014,653 (+813%) from 2021

Net Assets

Up

$489,780

Up $40,653 (+9.1%) from 2021

Revenue

Up

$2,968,031

Up $513,624 (+21%) from 2021

Expenses

Up

$2,927,378

Up $478,225 (+20%) from 2021

Net Income

Up

$40,653

Up $35,399 (+674%) from 2021

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $681,364Liabilities 2014: $634,154Net Assets 2014: $47,2102014Assets 2015: $829,753Liabilities 2015: $589,740Net Assets 2015: $240,0132015Assets 2016: $830,245Liabilities 2016: $590,677Net Assets 2016: $239,5682016Assets 2017: $814,899Liabilities 2017: $558,628Net Assets 2017: $256,2712017Assets 2018: $731,210Liabilities 2018: $497,825Net Assets 2018: $233,3852018Assets 2019: $762,609Liabilities 2019: $529,312Net Assets 2019: $233,2972019Assets 2020: $980,787Liabilities 2020: $746,614Net Assets 2020: $234,1732020Assets 2021: $943,081Liabilities 2021: $493,954Net Assets 2021: $449,1272021Assets 2022: $4,998,387Liabilities 2022: $4,508,607Net Assets 2022: $489,7802022

Highlighted filing

2022

Assets$4,998,387
Liabilities$4,508,607
Net Assets$489,780

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $122,035Expenses 2013: $112,697Net Income 2013: $9,3382013Revenue 2014: $1,135,530Expenses 2014: $1,084,820Net Income 2014: $50,7102014Revenue 2015: $1,569,904Expenses 2015: $1,377,101Net Income 2015: $192,8032015Revenue 2016: $1,669,345Expenses 2016: $1,674,266Net Income 2016: -$4,9212016Revenue 2017: $1,589,592Expenses 2017: $1,572,888Net Income 2017: $16,7042017Revenue 2018: $1,711,822Expenses 2018: $1,703,719Net Income 2018: $8,1032018Revenue 2019: $1,866,690Expenses 2019: $1,866,778Net Income 2019: -$882019Revenue 2020: $2,120,529Expenses 2020: $2,119,653Net Income 2020: $8762020Revenue 2021: $2,454,407Expenses 2021: $2,449,153Net Income 2021: $5,2542021Revenue 2022: $2,968,031Expenses 2022: $2,927,378Net Income 2022: $40,6532022

Highlighted filing

2022

Revenue$2,968,031
Expenses$2,927,378
Net Income$40,653

Filings

Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 7, 2016
Return Version
2015v2.1
Gross Receipts
$1,669,345
Mission and Program Overview

Mission

Coastal leadership academy's mission is to enegage students in authentic project based learneing that will improve academic achievement, critical and creative thinking, and awarness of their leadership roles in our community and environment.

Coastal leadership academys mission is to engage students in authentic project based learning that will improve academic achievement, critical and creative thinking, and awareness of their leadership roles in our community and environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$493,206$541,511▲ $48,305
Cash and Non-Interest-Bearing Accounts$175,189$250,901▲ $75,712
Prepaid Expenses and Deferred Charges$0$17,944▲ $17,944
Total Assets$829,753$830,245▲ $492
Other Assets Total$161,358$19,889▼ $141,469
Liabilities
Mortgage Notes Payable Secured by Investment Property$497,911$449,190▼ $48,721
Other Liabilities$0$89,881▲ $89,881
Accounts Payable and Accrued Expenses$88,737$42,656▼ $46,081
Deferred Revenue$3,092$8,950▲ $5,858
Total Liabilities$589,740$590,677▲ $937
Net Assets / Fund Balance
Unrestricted Net Assets$244,718$147,247▼ $97,471
Temporarily Rstr Net Assets$-4,705$92,321▲ $97,026
Total Net Assets Fund Balance$240,013$239,568▼ $445
Total Liabilities and Net Assets / Fund Balance$829,753$830,245▲ $492

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$519,671$183,601$703,272
Equipment$21,840$13,205$35,045
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bridgett FowlerBoard Chair
Renee MathewsExecutive Director
Brian RothenbergerMember
Joann CordellMember
John MarcisMember
Joseph SmithMember
Melissa McgrathMember
RITA D'IPOLITTOSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Bv Belk InvestmentsLandlord204-C WEST WOODLAWN ROAD, Charlotte, NC 28217$255,767
Revenue and Support

Revenue Composition

Contributions and Grants
$1,624,807
Program Service Revenue
$44,538
Investment Income
$0
Other Revenue
$0
All Other Contributions
$8,235
Change in Net Assets
$-4,921

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,669,345
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,669,345
Total Revenue per Form 990
$1,669,345
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$984,897
Other Expenses$689,369
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$539,453$216,634-$756,087
Other Employee Benefits$124,967$47,218-$172,185
Depreciation Depletion$79,443--$79,443
Current Officers, Directors, Trustees, and Key Employees-$56,625-$56,625
Interest-$34,596-$34,596
Other Expenses$8,496$8,496-$16,992
Fees for Services Accounting-$13,250-$13,250
Total Functional Expenses$1,003,224$671,042$0$1,674,266

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,674,266
Total Expenses per Audited Statements$1,674,266
Total Expenses per Form 990$1,674,266
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Line of Credit$89,881
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Part VI, Section B, Line 11

A draft copy of form 990 is reviewed by the president and treasurer prior to filing.

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

The board reviews the annual disclosures submitted by each member.

Form 990, Part VI, Section B, Line 15

The board reviews salaries for key employees annually based on comparability data.

Form 990, Part VI, Section C, Line 19

The school's governing documents, conflict of interest policy, and financial statements are available upon written request.

Filing and Contact Details

Filer

Filer Name
Coastal Leadership Academy
EIN
27-4672722
Phone
8437889898
Address
3710 PALMETTO POINTE BLVD NO 101, MYRTLE BEACH, SC 29588

Signing Officer

Name
Renee Mathews
Title
Executive Director
Phone
8437889898
Signed
2016-12-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Renee Mathews
Formed
2012
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
7
Employees
51
Volunteers
25

Preparer

Firm
Elliott Davis Decosimo Llcpllc
Address
1901 MAIN STREET SUITE 900, COLUMBIA, SC 29201
Preparer
Denise P Hill CPA
Phone
8032560002
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Prior year adjustment 4,476.

FORM 990, PAGE 12, PART XI, LINE 2C:

The board of directors oversee the audit process.

Financial Statement Notes

Schedule D

Fin 48: the financial statements were prepared in accordance with governmental accounting which does not require the adoption of fin 48.

Raw XML AppendixShowing 400 of 403 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48: THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH GOVERNMENTAL ACCOUNTING WHICH DOES NOT REQUIRE THE ADOPTION OF FIN 48.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE STATEMENT BELOW HAS BEEN PUBLISHED ON OUR WEBSITE AND PRINTED MATERIAL. RADIO ADS AND NEWSPAPER ADS ALSO HAVE CARRIED THIS STATEMENT: COASTAL LEADERSHIP ACADEMY DOES NOT DISCRIMINATE AGAINST INDIVIDUALS ON THE BASIS OF GENDER, RACE, RELIGION, IMMIGRATION STATUS, NATIONAL ORIGIN, DISABILITY OR HANDICAP IN ITS EDUCATIONAL PROGRAMS AND ACTIVITIES AND PROVIDES EQUAL ACCESS TO THE BOY SCOUTS AND OTHER DESIGNATED YOUTH GROUPS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES VARIOUS GOVERNMENT GRANTS FROM BOTH FEDERAL AND STATE SOURCES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF FORM 990 IS REVIEWED BY THE PRESIDENT AND TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS THE ANNUAL DISCLOSURES SUBMITTED BY EACH MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS SALARIES FOR KEY EMPLOYEES ANNUALLY BASED ON COMPARABILITY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRIOR YEAR ADJUSTMENT 4,476.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS OVERSEE THE AUDIT PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 12, PART XI, LINE 2C:
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IRS990/USAddress/AddressLine1Txt03710 PALMETTO POINTE BLVD NO 101
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0RENEE MATHEWS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08437889898
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-12-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COASTAL LEADERSHIP ACADEMY
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ELLIOTT DAVIS DECOSIMO LLCPLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01901 MAIN STREET SUITE 900
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DENISE P HILL CPA
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