Civic Intelligence

Logos Academy

990 • Fiscal year 2019 • EIN 31-1520442

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 17, 2020

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

65th percentile

0.31x

Higher debt load relative to assets than 65% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

75th percentile

0.58x

Higher debt load relative to revenue than 75% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

62nd percentile

$150,032

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

78th percentile

16%

Faster asset growth than 78% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

85th percentile

35%

Faster revenue growth than 85% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$8,548,348

Up $1,177,809 (+16%) from 2018

Net Assets

Up

$5,887,456

Up $1,476,913 (+33%) from 2018

Liabilities

Down

$2,660,892

Down $299,104 (-10%) from 2018

Revenue

Up

$4,620,072

Up $1,209,000 (+35%) from 2018

Expenses

Up

$3,150,294

Up $122,410 (+4.0%) from 2018

Net Income

Up

$1,469,778

Up $1,086,590 (+284%) from 2018

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

2019

Assets$8,548,348
Liabilities$2,660,892
Net Assets$5,887,456

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

2019

Revenue$4,620,072
Expenses$3,150,294
Net Income$1,469,778
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 17, 2020
Return Version
2018v3.2
Gross Receipts
$4,620,072
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$6,815,430$6,681,617▼ $133,813
Pledges and Grants Receivable$208,573$269,080▲ $60,507
Investments in Publicly Traded Securities$136,853--
Savings and Temporary Cash Investments-$99,333-
Accounts Receivable$66,502$27,831▼ $38,671
Cash and Non-Interest-Bearing Accounts$345--
Total Assets$7,370,539$8,548,348▲ $1,177,809
Other Assets Total$142,836$1,470,487▲ $1,327,651
Liabilities
Other Liabilities$2,856,460$2,536,452▼ $320,008
Accounts Payable and Accrued Expenses$103,536$124,440▲ $20,904
Total Liabilities$2,959,996$2,660,892▼ $299,104
Net Assets / Fund Balance
Unrestricted Net Assets$4,061,753$4,094,574▲ $32,821
Temporarily Rstr Net Assets$306,324$1,582,026▲ $1,275,702
Permanently Rstr Net Assets$42,466$210,856▲ $168,390
Total Net Assets Fund Balance$4,410,543$5,887,456▲ $1,476,913
Total Liabilities and Net Assets / Fund Balance$7,370,539$8,548,348▲ $1,177,809

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,382,445$1,511,271$6,893,716
Land$906,647-$906,647
Equipment$47,750$385,158$432,908
Other Assets Org$150--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$142,686$118,308▲ $11,340-$270,876
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rev Aaron AndersonCEO/head ofFT$133,088$16,944$150,032
Rev Aaron AndersonCEO/head of School-$133,088$16,944$150,032

Board Members and Trustees

NameTitle
Connie RaeChair
Dave KrenkelVice Chair
Dr Todd AllenBoard Member
Eve GardnerBoard Member
Glenda HarveyBoard Member
Matt CareyBoard Member
Natalee ColonBoard Member
Pastor Carlos KellyBoard Member
Traci FosterBoard Member
Sara MyersSecretary
Lisa Bornt-davisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,912,021
Program Service Revenue
$654,186
Investment Income
$3,738
Other Revenue
$50,127
All Other Contributions
$3,912,021
Change in Net Assets
$1,469,778

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table3$112,562
Total Noncash Contributions3$112,562

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,619,080
Revenue Not Reported on Financial Statements
$992
Revenue Not Reported on Form 990
$7,135
Total Revenue per Audited Statements
$4,626,215
Total Revenue per Form 990
$4,620,072
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,193,488
Other Expenses$889,806
Total Fundraising Expense$376,500
Professional Fundraising Fees$67,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,116,649$428,051$207,548$1,752,248
Depreciation Depletion$174,166$5,500$3,667$183,333
Occupancy$154,913$4,891$3,262$163,066
Current Officers, Directors, Trustees, and Key Employees$96,802$35,848$17,382$150,032
Payroll Taxes$93,661$23,342$18,180$135,183
Other Employee Benefits$94,428$25,041$11,825$131,294
Interest$113,382$3,588$2,379$119,349
Office Expenses$49,234$20,582$769$70,585
Fees for Services Professional Fundraising--$67,000$67,000
All Other Expenses$32,903$10,411$13,795$57,109
Fees for Services Other$1,485$31,574$2,164$35,223
Insurance$31,054$981$654$32,689
Pension Plan Contributions$16,095$5,617$3,019$24,731
Other Expenses$3,913$12,129$5,179$21,221
Advertising$168-$10,168$10,336
Fees for Services Accounting-$9,600-$9,600
Information Technology-$8,580-$8,580
Fees for Service Investment Mgmnt Fees-$992-$992
Total Functional Expenses$2,135,338$638,456$376,500$3,150,294

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,150,294
Expenses per Audited Statements$3,149,302
Total Expenses per Audited Statements$3,149,302
Expenses Not Reported on Financial Statements$992
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$67,000
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$67,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable$2,246,638
Line of Credit$289,174
Other Liabilities$640
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
2020-01-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rev Aaron Anderson
Formed
1996
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
10
Employees
80
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 authorities for years before june 30, 2016.

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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.
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IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
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IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL & MAINT
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IRS990/PrincipalOfficerNm0REV AARON ANDERSON
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IRS990/ProgramServiceRevenueGrp/Desc0NET TUITION AND FEES
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IRS990/PYTotalProfFndrsngExpnsAmt062500
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IRS990/RegularMonitoringEnfrcInd0true
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IRS990/RentalIncomeOrLossGrp/RealAmt042999
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/EOYAmt099333
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt253874
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3150
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICAL INTEREST IN REMAINDER TRUS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ENDOWMENT FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2FOUNDATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3GIFT CARDS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER LIABILITIES
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IRS990ScheduleD/RevenueSubtotalAmt04619080
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 AUTHORITIES FOR YEARS BEFORE JUNE 30, 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt01470487
IRS990ScheduleD/TotalExpensesPerForm990Amt03150294

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