Civic Intelligence

Emmys Academy

990 • Fiscal year 2019 • EIN 32-0311416

Jun 01, 2018 to May 31, 2019 • Filed on Apr 14, 2020

9205 Coleman RoadRoswell, GA 30075

(678) 509-3669

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.78x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

0.16x

Higher debt load relative to revenue than 86% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

19th percentile

-15%

Higher net margin than 19% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

84th percentile

$20,872

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

30th percentile

-9.1%

Faster asset growth than 30% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

80th percentile

34%

Faster revenue growth than 80% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$45,024

Down $4,534 (-9.1%) from 2018

Net Assets

Down

$9,774

Down $34,834 (-78%) from 2018

Liabilities

Up

$35,250

Up $30,300 (+612%) from 2018

Revenue

Up

$225,341

Up $56,603 (+34%) from 2018

Expenses

Up

$259,995

Up $127,418 (+96%) from 2018

Net Income

Down

-$34,654

Down $70,815 (-196%) from 2018

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2018: $49,558Liabilities 2018: $4,950Net Assets 2018: $44,6082018Assets 2019: $45,024Liabilities 2019: $35,250Net Assets 2019: $9,7742019Assets 2020: $82,676Liabilities 2020: $124,298Net Assets 2020: -$41,6222020Assets 2021: $84,416Liabilities 2021: $264,928Net Assets 2021: -$180,5122021Assets 2022: $70,117Liabilities 2022: $207,786Net Assets 2022: -$137,6692022Assets 2023: $69,563Liabilities 2023: $222,875Net Assets 2023: -$153,3122023Assets 2024: $80,353Liabilities 2024: $209,654Net Assets 2024: -$129,3012024

Highlighted filing

2019

Assets$45,024
Liabilities$35,250
Net Assets$9,774

Operations Trend

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

$400K$200K$0-$200KRevenue 2018: $168,738Expenses 2018: $132,577Net Income 2018: $36,1612018Revenue 2019: $225,341Expenses 2019: $259,995Net Income 2019: -$34,6542019Revenue 2020: $280,615Expenses 2020: $335,281Net Income 2020: -$54,6662020Revenue 2021: $149,523Expenses 2021: $288,413Net Income 2021: -$138,8902021Revenue 2022: $131,925Expenses 2022: $133,504Net Income 2022: -$1,5792022Revenue 2023: $148,063Expenses 2023: $163,706Net Income 2023: -$15,6432023Revenue 2024: $202,015Expenses 2024: $185,314Net Income 2024: $16,7012024

Highlighted filing

2019

Revenue$225,341
Expenses$259,995
Net Income-$34,654
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Apr 14, 2020
Return Version
2018v3.1
Gross Receipts
$242,988
Mission and Program Overview

Mission

Emmys academy early intervention child care center providing an early learning environment to children between 6 weeks and 6 years, regardless of diagnosis or special situation

Childcare to kids with special needs

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$37,035-
Cash and Non-Interest-Bearing Accounts$12,523$7,989▼ $4,534
Total Assets$49,558$45,024▼ $4,534
Other Assets Total$37,035--
Liabilities
Other Liabilities$4,950$35,250▲ $30,300
Total Liabilities$4,950$35,250▲ $30,300
Net Assets / Fund Balance
Unrestricted Net Assets$44,608$9,774▼ $34,834
Total Net Assets Fund Balance$44,608$9,774▼ $34,834
Total Liabilities and Net Assets / Fund Balance$49,558$45,024▼ $4,534

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$37,035--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Amy CorriganFounder and CEOPT$20,872$20,872

Board Members and Trustees

NameTitle
Alicia GandhiVolunteer Services Director
Bianca MaciasMember At Large
Katherine BoullainMember at Large
Lane FrielTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$162,652
Program Service Revenue
$63,015
Investment Income
$30
Other Revenue
$-356
All Other Contributions
$162,652
Change in Net Assets
$-34,654
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$160,794
Other Expenses$98,346
Total Fundraising Expense$8,054
Grants and Similar Amounts Paid$855
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$111,292$6,198$6,198$123,688
Occupancy$44,828$4,430-$49,258
Current Officers, Directors, Trustees, and Key Employees$18,785$1,044$1,044$20,873
Other Expenses$10,859$6,286-$17,145
Payroll Taxes$14,609$812$812$16,233
Insurance-$8,391-$8,391
Fees for Services Accounting-$7,435-$7,435
Fees for Services Other$2,604--$2,604
Interest-$1,210-$1,210
Grants to Domestic Individuals$855--$855
Advertising-$300-$300
Total Functional Expenses$215,835$36,106$8,054$259,995
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$17,647
Fundraising Gross Income$17,291
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Emmys Bash$15,672$15,672$17,647$-1,975
Total Events$15,672$15,672$17,647$-1,975
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$19,991
Payroll Payable$15,259
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Organizational document changes Part VI line 4

Organization changed name from Corrigan Care Inc to Emmys Academy Inc

Form 990 governing body review Part VI line 11

Due to COVID-19 disaster occuring around the due date of the organizations extension, governing body has directed the founder to review and sign Form 990 without full board review in order to meet the filing deadline.

Governing documents etc available to public Part VI line 19

Documents made available upon request

Filing and Contact Details

Filer

Filer Name
Emmys Academy
EIN
32-0311416
Address
9205 Coleman Road, Roswell, GA 30075

Signing Officer

Name
Amy K Corrigan
Title
Founder and CEO
Phone
6785093669
Signed
2020-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Corrigan
Formed
2010
Legal Domicile
Ga
Voting Board Members
0
Independent Board Members
0
Employees
13

Preparer

Firm
The Honest Accountant LLC
Address
2957 PERRINGTON PL, Marietta, GA 30066
Preparer
John Leland
Phone
4049249403
Supplemental Narrative

Additional Explanations

Cessation of or significant change to any program service Part III line 3

No longer providing respite night services

Raw XML Appendix373 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/ExplanationTxt0Organization changed name from Corrigan Care Inc to Emmys Academy Inc
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Due to COVID-19 disaster occuring around the due date of the organizations extension, governing body has directed the founder to review and sign Form 990 without full board review in order to meet the filing deadline.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents made available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No longer providing respite night services
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Cessation of or significant change to any program service Part III line 3
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ReturnHeader/FilingSecurityInformation/IPTm020:39:53
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02957 PERRINGTON PL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Marietta
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-04-14
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ReturnHeader/ReturnTs02020-04-14T20:38:53-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-06-01
ReturnHeader/TaxPeriodEndDt02019-05-31
ReturnHeader/TaxYr02018

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