Civic Intelligence

Logos Academy

990 • Fiscal year 2018 • EIN 31-1520442

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 11, 2018

250 W King StreetYork, PA 17401

(717) 848-9835

Siviq Scores

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

Liabilities / Assets

71st percentile

0.40x

Higher debt load relative to assets than 71% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

80th percentile

0.87x

Higher debt load relative to revenue than 80% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

61st percentile

$146,949

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

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

Source year 2018

Revenue Growth

Score unavailable

No value available

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

Source year 2018

Assets

$7,370,539

No earlier filing loaded for comparison.

Net Assets

$4,410,543

No earlier filing loaded for comparison.

Liabilities

$2,959,996

No earlier filing loaded for comparison.

Revenue

$3,411,072

No earlier filing loaded for comparison.

Expenses

$3,027,884

No earlier filing loaded for comparison.

Net Income

$383,188

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.

$30M$20M$10M$0Assets 2018: $7,370,539Liabilities 2018: $2,959,996Net Assets 2018: $4,410,5432018Assets 2019: $8,548,348Liabilities 2019: $2,660,892Net Assets 2019: $5,887,4562019Assets 2020: $10,118,153Liabilities 2020: $2,252,964Net Assets 2020: $7,865,1892020Assets 2021: $12,862,942Liabilities 2021: $2,573,067Net Assets 2021: $10,289,8752021Assets 2022: $17,906,219Liabilities 2022: $6,832,983Net Assets 2022: $11,073,2362022Assets 2023: $23,371,565Liabilities 2023: $13,013,302Net Assets 2023: $10,358,2632023Assets 2024: $20,702,167Liabilities 2024: $12,602,359Net Assets 2024: $8,099,8082024

Highlighted filing

2018

Assets$7,370,539
Liabilities$2,959,996
Net Assets$4,410,543

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $3,411,072Expenses 2018: $3,027,884Net Income 2018: $383,1882018Revenue 2019: $4,620,072Expenses 2019: $3,150,294Net Income 2019: $1,469,7782019Revenue 2020: $5,383,451Expenses 2020: $3,414,189Net Income 2020: $1,969,2622020Revenue 2021: $5,050,096Expenses 2021: $2,981,889Net Income 2021: $2,068,2072021Revenue 2022: $5,009,632Expenses 2022: $5,273,999Net Income 2022: -$264,3672022Revenue 2023: $3,735,643Expenses 2023: $4,539,973Net Income 2023: -$804,3302023Revenue 2024: $4,147,862Expenses 2024: $4,827,505Net Income 2024: -$679,6432024

Highlighted filing

2018

Revenue$3,411,072
Expenses$3,027,884
Net Income$383,188
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 11, 2018
Return Version
2017v2.3
Gross Receipts
$3,411,072
Mission and Program Overview

Mission

Logos academy, grounded in the love of christ, educates for excellence, offers opportunity and cultivates hope in our community. Logos academy's gospel-centered, classical education will empower our students to be tomorrow's servant leaders. Logos promotes the spiritual, intellectual, social and physical transformation of students for personal excellence to the glory of god.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,984,317$6,815,430▼ $168,887
Pledges and Grants Receivable-$208,573-
Investments in Publicly Traded Securities-$136,853-
Accounts Receivable$51,726$66,502▲ $14,776
Savings and Temporary Cash Investments$3,649--
Cash and Non-Interest-Bearing Accounts-$345-
Total Assets$7,125,864$7,370,539▲ $244,675
Other Assets Total$86,172$142,836▲ $56,664
Liabilities
Other Liabilities$3,000,312$2,856,460▼ $143,852
Accounts Payable and Accrued Expenses$103,054$103,536▲ $482
Total Liabilities$3,103,366$2,959,996▼ $143,370
Net Assets / Fund Balance
Unrestricted Net Assets$3,901,421$4,061,753▲ $160,332
Temporarily Rstr Net Assets$79,349$306,324▲ $226,975
Permanently Rstr Net Assets$41,728$42,466▲ $738
Total Net Assets Fund Balance$4,022,498$4,410,543▲ $388,045
Total Liabilities and Net Assets / Fund Balance$7,125,864$7,370,539▲ $244,675

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,789,532$1,350,849$7,140,381
Land$971,577-$971,577
Equipment$54,321$381,287$435,608

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$86,888$50,000▲ $6,799-$142,686
2016$39,287$42,436▲ $5,529-$86,888
2015$41,193-▼ $1,535-$39,287
2014$42,683-▼ $1,096-$41,193
2013$30,707$7,000▲ $5,303-$42,683
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rev Aaron AndersonCEO/head ofFT$130,005$16,944$146,949

Board Members and Trustees

NameTitle
Brooke SayChair
Connie RaeVice Chair
Andrew PaxtonBoard Member
Dave KrenkelBoard Member
Eve GardnerBoard Member
Glenda HarveyBoard Member
Matt CareyBoard Member
Natalee ColonBoard Member
Pastor Carlos KellyBoard Member
Traci FosterBoard Member
Sara MyersSecretary
Kervin MyerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,707,212
Program Service Revenue
$595,243
Investment Income
$1,511
Other Revenue
$107,106
All Other Contributions
$2,707,212
Change in Net Assets
$383,188

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table4$130,015
Total Noncash Contributions4$130,015

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,410,502
Revenue Not Reported on Financial Statements
$570
Revenue Not Reported on Form 990
$4,857
Total Revenue per Audited Statements
$3,415,359
Total Revenue per Form 990
$3,411,072
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,123,264
Other Expenses$842,120
Total Fundraising Expense$421,722
Professional Fundraising Fees$62,500
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,096,937$346,588$225,367$1,668,892
Depreciation Depletion$179,918$5,681$3,788$189,387
Other Employee Benefits$110,981$26,621$23,232$160,834
Occupancy$138,190$8,126$5,395$151,711
Current Officers, Directors, Trustees, and Key Employees$96,874$29,776$20,299$146,949
Payroll Taxes$83,016$21,330$19,293$123,639
Interest$110,375$3,486$2,323$116,184
Office Expenses$58,158$4,888$1,007$64,053
Fees for Services Professional Fundraising--$62,500$62,500
All Other Expenses$27,698$8,719$8,913$45,330
Insurance$25,263$2,085$1,382$28,730
Pension Plan Contributions$14,951$3,306$4,693$22,950
Other Expenses$22,568$3,225$10,300$22,568
Fees for Services Other$7,275$10,388$1,021$18,684
Advertising--$15,964$15,964
Information Technology$9,589$3,021$1,984$14,594
Fees for Services Accounting$6,396$4,355$890$11,641
Fees for Service Investment Mgmnt Fees-$570-$570
Total Functional Expenses$2,114,921$491,241$421,722$3,027,884

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,027,884
Expenses per Audited Statements$3,027,314
Total Expenses per Audited Statements$3,027,314
Expenses Not Reported on Financial Statements$570
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$62,500
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberFundraising ServicesNo$62,500
-Board MemberLegal ServicesNo$11,986
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable$1,576,528
Line of Credit$1,261,815
Cash Overdraft$17,557
Other Liabilities$560
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
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A draft copy of form 990 is first submitted to the finance committee then submitted to all board members for final approval.

Form 990, Page 6, Part VI, Line 12C

Each board member and employee indicates, at an annual meeting, whether or not a conflict of interest exists and it is recorded in the minutes.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Logos Academy
EIN
31-1520442
Phone
7178489835
Address
250 W KING STREET, YORK, PA 17401

Signing Officer

Name
Rev Aaron Anderson
Title
CEO/head of School
Phone
7178489835
Signed
2018-12-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rev Aaron Anderson
Formed
1996
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
11
Employees
82
Volunteers
100

Preparer

Firm
Hamilton & Musser Pc Cpas
Address
176 CUMBERLAND PARKWAY, MECHANICSBURG, PA 17055
Preparer
William P Ashman CPA
Phone
7176973888
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Logos academy, grounded in the love of christ, educates for excellence, offers opportunity and cultivates hope in our community. Logos academy's gospel-centered, classical education will empower our students to be tomorrow's servant leaders. Logos promotes the spiritual, intellectual, social and physical transformation of students for personal excellence to the glory of god.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

There is no intended use for the endowment funds.

Schedule D, Page 3, Part X

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the school, including whether the entity is exempt from income taxes. Management evaluated the tax positions taken and concluded that the school had taken no uncertain tax positions that require recognition or disclosure in the consolidated financial statements. Therefore, no provision or liability for income taxes has been included in the consolidated financial statements. With few exceptions, the school is no longer subject to income tax examinations by the u.s. Federal, state or local tax authority for years before june 30, 2015.

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IRS990/MissionDesc0LOGOS ACADEMY, GROUNDED IN THE LOVE OF CHRIST, EDUCATES FOR EXCELLENCE, OFFERS OPPORTUNITY AND CULTIVATES HOPE IN OUR COMMUNITY. LOGOS ACADEMY'S GOSPEL-CENTERED, CLASSICAL EDUCATION WILL EMPOWER OUR STUDENTS TO BE TOMORROW'S SERVANT LEADERS. LOGOS PROMOTES THE SPIRITUAL, INTELLECTUAL, SOCIAL AND PHYSICAL TRANSFORMATION OF STUDENTS FOR PERSONAL EXCELLENCE TO THE GLORY OF GOD.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetUnrlzdGainsLossesInvstAmt04857
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IRS990/OccupancyGrp/FundraisingAmt05395
IRS990/OccupancyGrp/ManagementAndGeneralAmt08126
IRS990/OccupancyGrp/ProgramServicesAmt0138190
IRS990/OccupancyGrp/TotalAmt0151711
IRS990/OfficeExpensesGrp/FundraisingAmt01007
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04888
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IRS990/OfficeExpensesGrp/TotalAmt064053
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IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/BOYAmt086172
IRS990/OtherAssetsTotalGrp/EOYAmt0142836
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt023232
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt026621
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0160834
IRS990/OtherExpensesGrp/Desc0CAFETERIA
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2EQUIPMENT RENTAL & MAINT
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IRS990/OtherExpensesGrp/FundraisingAmt110300
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09076
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IRS990/PayrollTaxesGrp/ProgramServicesAmt083016
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IRS990/PensionPlanContributionsGrp/FundraisingAmt04693
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0208573
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0REV AARON ANDERSON
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IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0NET TUITION AND FEES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1215986
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYRevenuesLessExpensesAmt0-693787
IRS990/PYSalariesCompEmpBnftPaidAmt02344275
IRS990/PYTotalExpensesAmt03257179
IRS990/PYTotalProfFndrsngExpnsAmt062500
IRS990/PYTotalRevenueAmt02563392
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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt048565
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03649
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt05789532
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01350849
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07140381
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt01001
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt050000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0142686
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt06799
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0364
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt039287
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt042436
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt086888
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05529
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0371
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05303
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt054321
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0381287
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0435608
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0570
IRS990ScheduleD/ExpensesSubtotalAmt03027314
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0570
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0570
IRS990ScheduleD/LandGrp/BookValueAmt0971577
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0971577
IRS990ScheduleD/NetUnrealizedGainsInvstAmt04857
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01576528
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11261815
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt217557
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3560
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CASH OVERDRAFT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OTHER LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt04857
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0570
IRS990ScheduleD/RevenueSubtotalAmt03410502
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THERE IS NO INTENDED USE FOR THE ENDOWMENT FUNDS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL, INCLUDING WHETHER THE ENTITY IS EXEMPT FROM INCOME TAXES. MANAGEMENT EVALUATED THE TAX POSITIONS TAKEN AND CONCLUDED THAT THE SCHOOL HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITY FOR YEARS BEFORE JUNE 30, 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06815430

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