Kip Academy Inc

990 • Fiscal year 2020 • EIN 27-4674109

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization Profile www.kiplc.com

2470 Bruce StLithonia, GA 30058

(770) 482-6112

Siviq Scores

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

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

7.2%

Higher net margin than 52% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

$22,800

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

80%

Faster asset growth than 88% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

-15%

Faster revenue growth than 32% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet

Liabilities / Assets27th percentile

Assets

$165,729

Up $73,631 (+80%) from 2019

Net Assets

$165,729

Up $240,232 (+322%) from 2019

Liabilities

Down

Down $166,601 (-100%) from 2019

Revenue And Expenses

Liabilities / Revenue27th percentile Net Margin52nd percentile

Revenue

Down

$655,806

Down $112,305 (-15%) from 2019

Expenses

Down

$608,617

Down $250,658 (-29%) from 2019

Net Income

$47,189

Up $138,353 (+152%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

Highlighted filing

2020

Assets$165,729

Liabilities$0

Net Assets$165,729

Open 2020 Filing

Operations Trend

Revenue Growth32nd percentile

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

Highlighted filing

2020

Revenue$655,806

Expenses$608,617

Net Income$47,189

Open 2020 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2020 to Dec 31, 2020
Signed: Nov 15, 2021
Return Version: 2020v4.1
Gross Receipts: $655,806

Mission and Program Overview

Mission

To provide the most beneficial enviroment for the academic and social success of the children they serve and their families.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Cash and Non-Interest-Bearing Accounts	$7,637	$162,134	▲ $154,497
Land, Buildings, and Equipment, Net	$84,460	-	-
Receivable From Disqualified Prsn	-	$3,595	-
Total Assets	$92,097	$165,729	▲ $73,632
Liabilities
Total Liabilities	$0	$0	→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions	$92,097	$165,729	▲ $73,632
Total Net Assets Fund Balance	$92,097	$165,729	▲ $73,632
Total Liabilities and Net Assets / Fund Balance	$92,097	$165,729	▲ $73,632

Compensation and Service Providers

Top Officer Pay57th percentile

Employees

Name	Title	Full / Part Time	Base	Total
Sharon Woods	Treasurer	FT	$22,800	$22,800
Edgar Woods	Vice President	-	$13,200	$13,200

Board Members and Trustees

Name	Title
Michael Anderson	President
Candace Anderson	Secretary

Revenue and Support

Revenue Composition

Contributions and Grants: $129,742
Program Service Revenue: $526,055
Investment Income: $0
Other Revenue: $9
Change in Net Assets: $47,189

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$348,751
Salaries, Compensation, and Employee Benefits	$259,866
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Other Salaries and Wages	$199,052	-	-	$199,052
All Other Expenses	$142,883	-	-	$142,883
Current Officers, Directors, Trustees, and Key Employees	$36,000	-	-	$36,000
Other Expenses	$34,501	-	-	$34,501
Office Expenses	$25,494	-	-	$25,494
Payroll Taxes	$24,814	-	-	$24,814
Insurance	$19,482	-	-	$19,482
Interest	$13,363	-	-	$13,363
Information Technology	$7,878	-	-	$7,878
Fees for Services Accounting	$2,245	-	-	$2,245
Advertising	$531	-	-	$531
Total Functional Expenses	$608,617	$0	$0	$608,617

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No

Insider Transactions and Loans

Loans and Receivables

Line Item	Beginning	End	Change
Receivables from Disqualified Persons	-	$3,595	-

Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant: Yes
Backup withholding compliance: 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: 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

Governance Explanations

Officer directors etc family relationship Part VI line 2

“Landscaping & Maint $6,310 Meals 50% Deductible $6,310 Payroll Ezpenses $772 Postage & Delivery $1,143 Professional Services $2,372 Repairs & Maintanence $3,908 Staff Appreciation $479 Telephone $13,388 Uniforms $951 Utilities $1,716 Website Design $4,626”

Form 990 governing body review Part VI line 11

“O2 - Vice President Edgar Woods is husband to Sharon Woods, Director and Treasurero12 - governing body did not review 990 prior to transmission due to time constraintsAutomobile $19,116 Awards $1,754 Background Checks $1,714 Bank Service Charges $446 BftS Training $996 Bldg Maintenance $20,106 Business Licenses $452 Charitable Contributions $2,188 Cleaning Service $2,053 Computer Repairs $278 Continuing Ed & Training $275 COVID Supplies $755 Credit Card Processing $797 Dues & Subscriptions $3,435 Educational Materials $3,930 Equipment Rental $31,578 Fieldtrips $398 Gifts & Flowers $380”

Governing documents etc available to public Part VI line 19

“02 Treasurer Sharon Woods is the wife of Vice-Pressident Edgzr Woods012 Time constraint precluded review of 990 by governing body018 Documents are available upon request”

Filing and Contact Details

Filer

Filer Name: Kip Academy Inc
EIN: 27-4674109
Address: 2470 Bruce St, Lithonia, GA 30058

Signing Officer

Name: Sharon Woods
Title: Executive Direc
Phone: 7704826112
Signed: 2021-11-15
Discuss with paid preparer: Yes

Organization Details

Formed: 2011
Legal Domicile: Ga
Voting Board Members: 4
Independent Board Members: 3
Employees: 35

Preparer

Firm: QB Atlanta
Address: 424 Grayson Parkway, Grayson, GA 30017
Preparer: Therese Trent Voorhees
Phone: 4047323216

Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“026- reconciliation”

List of other expenses Part IX line 24E

“Automobile $19,116 Awards $1,754 Background Checks $1,714 BftS Training & Cont Ed $1,271 Business Licenses $452 Charitable Contributions $2,188 Cleaning Service & COVID $2,808 Dues & Subscriptions $3,435 Educational Materials $3,930 Equipment Rental $31,578 Fieldtrips $398 Gifts & Flowers $380 Meals 50% Deductible $6,310 Professional Services $2,372 Repairs & Maintanence $38,144 Staff Appreciation $479 Telephone & Utilities $15,104 Misc $1,205 Contractors $36,637”

Raw XML Appendix319 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	O2 - Vice President Edgar Woods is husband to Sharon Woods, Director and Treasurero12 - governing body did not review 990 prior to transmission due to time constraintsAutomobile $19,116 Awards $1,754 Background Checks $1,714 Bank Service Charges $446 BftS Training $996 Bldg Maintenance $20,106 Business Licenses $452 Charitable Contributions $2,188 Cleaning Service $2,053 Computer Repairs $278 Continuing Ed & Training $275 COVID Supplies $755 Credit Card Processing $797 Dues & Subscriptions $3,435 Educational Materials $3,930 Equipment Rental $31,578 Fieldtrips $398 Gifts & Flowers $380
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	02 Treasurer Sharon Woods is the wife of Vice-Pressident Edgzr Woods012 Time constraint precluded review of 990 by governing body018 Documents are available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	026- reconciliation
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	Automobile $19,116 Awards $1,754 Background Checks $1,714 BftS Training & Cont Ed $1,271 Business Licenses $452 Charitable Contributions $2,188 Cleaning Service & COVID $2,808 Dues & Subscriptions $3,435 Educational Materials $3,930 Equipment Rental $31,578 Fieldtrips $398 Gifts & Flowers $380 Meals 50% Deductible $6,310 Professional Services $2,372 Repairs & Maintanence $38,144 Staff Appreciation $479 Telephone & Utilities $15,104 Misc $1,205 Contractors $36,637
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IRS990/TotalLiabilitiesGrp/EOYAmt	0	0
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt	0	92097
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt	0	165729
IRS990/TotalOtherCompensationAmt	0	0
IRS990/TotalProgramServiceExpensesAmt	0	608617
IRS990/TotalProgramServiceRevenueAmt	0	526055
IRS990/TotalReportableCompFromOrgAmt	0	36000
IRS990/TotalRevenueGrp/ExclusionAmt	0	0
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	526064
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt	0	655806
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt	0	0
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt	0	92097
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt	0	165729
IRS990/TotReportableCompRltdOrgAmt	0	0
IRS990/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990/TypeOfOrganizationCorpInd	0	X
IRS990/UnrelatedBusIncmOverLimitInd	0	false
IRS990/UponRequestInd	0	X
IRS990/VotingMembersGoverningBodyCnt	0	4
IRS990/VotingMembersIndependentCnt	0	3
IRS990/WebsiteAddressTxt	0	www.kiplc.com
IRS990/WhistleblowerPolicyInd	0	false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd	0	AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd	0	IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd	0	00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd	0	0
ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	Sharon Woods
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	Executive Direc
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	7704826112
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	KIP ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt	0	KIPA
ReturnHeader/Filer/EIN	0	274674109
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	2470 Bruce St
ReturnHeader/Filer/USAddress/CityNm	0	Lithonia
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	GA
ReturnHeader/Filer/USAddress/ZIPCd	0	30058
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	QB Atlanta
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	424 Grayson Parkway
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	Grayson
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	30017
ReturnHeader/PreparerPersonGrp/PhoneNum	0	4047323216
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2021-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	Therese Trent Voorhees
ReturnHeader/ReturnTs	0	2021-11-16T01:11:21-05:00
ReturnHeader/ReturnTypeCd	0	990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	Sharon
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	Woods
ReturnHeader/TaxPeriodBeginDt	0	2020-01-01
ReturnHeader/TaxPeriodEndDt	0	2020-12-31
ReturnHeader/TaxYr	0	2020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $165,729
Liabilities: $0
Net assets: $165,729
Revenue: $655,806
Expenses: $608,617
Net income: $47,189

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2022Detailed filing. Detailed filing data is available for this year.	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
2021Detailed filing. Detailed filing data is available for this year.	$5.15	$7.87	$2.72	$2.91	$4.98	$2.07
2020Detailed filing. Detailed filing data is available for this year.	$1.66	$0.00	$1.66	$6.56	$6.09	$0.47
2019Detailed filing. Detailed filing data is available for this year.	$0.92	$1.67	$0.75	$7.68	$8.59	$0.91
2018Detailed filing. Detailed filing data is available for this year.	$0.74	$0.57	$0.17	$7.22	$7.08	$0.15
2017Detailed filing. Detailed filing data is available for this year.	$0.64	$0.64	$0.00	$6.63	$6.62	$0.01
2016Detailed filing. Detailed filing data is available for this year.	$0.40	$0.41	$0.01	$6.58	$6.69	$0.11
2015Detailed filing. Detailed filing data is available for this year.	$0.46	$0.48	$0.02	$5.37	$5.46	$0.09
2013Detailed filing. Detailed filing data is available for this year.	$0.16	$0.47	$0.31	$3.04	$3.30	$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.15	$0.21	$0.06		$2.20