Civic Intelligence

Community Math Academy Inc.

990EZ • Fiscal year 2021 • EIN 27-4774680

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 30, 2024

PO Box 687Shelby, NC 28151

(980) 326-1945

Siviq Scores

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

Liabilities / Assets

48th percentile

0.00x

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

2021 filings • NTEE B90 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

48th percentile

0.00x

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

2021 filings • NTEE B90 • <$500k nonprofits • Source year 2021

Net Margin

61st percentile

20%

Higher net margin than 61% of similar nonprofits.

2021 filings • NTEE B90 • <$500k nonprofits • Source year 2021

Top Officer Pay

84th percentile

$25,000

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 20.8% of source-year revenue.

2021 filings • NTEE B90 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$111,002

No earlier filing loaded for comparison.

Net Assets

$111,002

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$120,215

No earlier filing loaded for comparison.

Expenses

$95,768

No earlier filing loaded for comparison.

Net Income

$24,447

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2021: $111,002Liabilities 2021: $0Net Assets 2021: $111,0022021Assets 2022: $95,320Liabilities 2022: $0Net Assets 2022: $95,3202022Assets 2023: $74,270Liabilities 2023: $0Net Assets 2023: $74,2702023Assets 2024: $84,148Liabilities 2024: $0Net Assets 2024: $84,1482024

Highlighted filing

2021

Assets$111,002
Liabilities$0
Net Assets$111,002

Operations Trend

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

$200K$100K$0-$100KRevenue 2021: $120,215Expenses 2021: $95,768Net Income 2021: $24,4472021Revenue 2022: $82,063Expenses 2022: $132,487Net Income 2022: -$50,4242022Revenue 2023: $130,392Expenses 2023: $152,940Net Income 2023: -$22,5482023Revenue 2024: $182,456Expenses 2024: $176,691Net Income 2024: $5,7652024

Highlighted filing

2021

Revenue$120,215
Expenses$95,768
Net Income$24,447
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 30, 2024
Return Version
2021v4.0
Gross Receipts
$120,215
Mission and Program Overview

Mission

The purpose is to focus on the underserved community youth from third (3rd) to sixth (6th) grades with a high-quality math intensive curriculum. Our goal is to strengthen math concepts and improve overall math skills which we believe will increase confidence for these children and improve their overall outlook of math in general.

Our purpose is to focus on the underserved community youth between the 3rd and 6th grades with a high quality math intensive, strengthening their understanding of math concepts, improving their math skills thereby increasing their confidence and mindsets towards math in general.

Program Services

DescriptionGrantsExpenses
The Math Academy was able to reach hundreds of children in the targeted age groups utilizing existing teachers in the school system they are apart of to bring greater awareness and increased learning capability to math and sciences. Achieving greater relational connections with teachers and openness to understanding the children and their lives improves their learning capacity.$0$111,002
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tropzie McCluneyExecutive DirectorPT$25,000-$25,000
Larry CorryBoard MemberPT$0--
Juan CherryBoard Member-$0--
M Lamont LittlejohnBoard Member-$0--
Richard HookerBoard Member-$0--
Rhonda JamesBoard Member-$0--
Bruce MackBoard Member-$0--
Andrea FiteBoard Member-$0--
Ronald HarrillBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Community Math Academy Inc
EIN
27-4774680
Phone
9803261945
Address
PO Box 687, Shelby, NC 28151

Signing Officer

Name
Jassen Grant
Title
Accountant
Phone
9803261945
Signed
2024-04-30
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

general office expenses

Form 990-EZ, Part I, Line 20

Rounding adjustment

Raw XML Appendix202 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/ExplanationTxt0general office expenses
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 20
ReasonableCauseExplanation/ExplanationTxt0The form 990 was originally mailed to the IRS, the previous bookkeeper did not realize at the time that regulations required that the report be e-filed. The pandemic called for internal restructure and during such time the organization was unaware that the timely form 990ez was improperly filed, not knowing until being made aware through correspondence from the IRS. After corresponding with the IRS our organization is re-submitting the timely information report electronically. All things considered we are officially requesting an abatement of penalties based on the following information: 1. The Math Academy sole income is from grants and public donations, the penalty is sizeable enough that payment of the penalty will bankrupt the organization. All activities and functions will cease immediately due to the organization becoming insolvent. 2. Grants and gifts gained from local charities and businesses were based on the assurance of timely filings and IRS compliance. This penalty alone would open the door for potential civic liability due to requirements outlined in the grants pertaining to IRS compliance. 3. The organization has never not filed, nor has the organization ever been late in filing the timely form 990ez. 4. It was the intention of the Math Academy to file the timely form 990ez, certified mail delivery receipts are on file to certify that the mail in copy was received by the IRS before the due date the receipt can be provided if necessary. 5. We believe that the lack of timely response here is isolated and is an indirect result of the pandemic which caused issues to happen that are outside the normal mode of operation. The Community Math Academy has never had any other legal or tax issues in the history of the organization. We hopefully have made a sufficient case for full abatement of penalties relating to this tax year and are again requesting that all penalties in full associated with this tax year be removed.
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
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