Civic Intelligence

South Walton Academy Inc.

990 • Fiscal year 2019 • EIN 37-1802451

Aug 01, 2018 to Jul 31, 2019 • Filed on Jan 15, 2020

Organization Profilesouthwaltonacademy.com
585 Mack Bayou RoadSanta Rosa Beach, FL 32459

(850) 213-4595

Siviq Scores

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

Liabilities / Assets

97th percentile

1.57x

Higher debt load relative to assets than 97% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

72nd percentile

0.14x

Higher debt load relative to revenue than 72% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

25th percentile

-6.4%

Higher net margin than 25% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

71st percentile

$60,000

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 11.5% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

96th percentile

172%

Faster asset growth than 96% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

92nd percentile

94%

Faster revenue growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$47,907

Up $30,297 (+172%) from 2018

Net Assets

Down

-$27,390

Down $33,644 (-538%) from 2018

Liabilities

Up

$75,297

Up $63,941 (+563%) from 2018

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin25th percentile

Revenue

Up

$523,826

Up $253,240 (+94%) from 2018

Expenses

Up

$557,469

Up $305,972 (+122%) from 2018

Net Income

Down

-$33,643

Down $52,732 (-276%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$1.0M$500K$0-$500KAssets 2017: $7,736Liabilities 2017: $7,6842017Assets 2018: $17,610Liabilities 2018: $11,356Net Assets 2018: $6,2542018Assets 2019: $47,907Liabilities 2019: $75,297Net Assets 2019: -$27,3902019Assets 2020: $208,580Liabilities 2020: $370,771Net Assets 2020: -$162,1912020Assets 2021: $505,376Liabilities 2021: $396,277Net Assets 2021: $109,0992021Assets 2022: $694,931Liabilities 2022: $300,199Net Assets 2022: $394,7322022Assets 2023: $560,055Liabilities 2023: $435,205Net Assets 2023: $124,8502023

Highlighted filing

2019

Assets$47,907
Liabilities$75,297
Net Assets-$27,390
Open 2019 Filing

Operations Trend

Revenue Growth92nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $32,775Expenses 2017: $40,146Net Income 2017: -$7,3712017Revenue 2018: $270,586Expenses 2018: $251,497Net Income 2018: $19,0892018Revenue 2019: $523,826Expenses 2019: $557,469Net Income 2019: -$33,6432019Revenue 2020: $807,380Expenses 2020: $944,177Net Income 2020: -$136,7972020Revenue 2021: $1,612,347Expenses 2021: $1,336,811Net Income 2021: $275,5362021Revenue 2022: $2,672,838Expenses 2022: $2,283,789Net Income 2022: $389,0492022Revenue 2023: $2,888,411Expenses 2023: $3,136,727Net Income 2023: -$248,3162023

Highlighted filing

2019

Revenue$523,826
Expenses$557,469
Net Income-$33,643
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
Jan 15, 2020
Return Version
2018v3.1
Gross Receipts
$523,826
Mission and Program Overview

Mission

School for children with special needs, providing planned curriculum for autism and other similar diagnoses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$10,378$39,201▲ $28,823
Land, Buildings, and Equipment, Net$3,459$3,428▼ $31
Accounts Receivable-$1,691-
Savings and Temporary Cash Investments$819$633▼ $186
Total Assets$17,610$47,907▲ $30,297
Other Assets Total$2,954$2,954→ $0
Liabilities
Other Liabilities$7,784$74,069▲ $66,285
Unsecured Notes Loans Payable$2,914--
Accounts Payable and Accrued Expenses$658$1,228▲ $570
Total Liabilities$11,356$75,297▲ $63,941
Net Assets / Fund Balance
Unrestricted Net Assets$6,254$-27,390▼ $33,644
Total Net Assets Fund Balance$6,254$-27,390▼ $33,644
Total Liabilities and Net Assets / Fund Balance$17,610$47,907▲ $30,297

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,428$1,892$5,320
Other Assets Org$2,954--
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Calley G MiddlebrooksChairmanFT$60,000$60,000
Jennifer FilipponeDirector-$60,000$60,000

Board Members and Trustees

NameTitle
Brooke WingerDirector
Donald MolnarDirector
Edward GodboldDirector
Gina WoodhamDirector
Kristin SwiftDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$48,919
Program Service Revenue
$474,907
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-33,643
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$353,220
Other Expenses$204,249
Total Fundraising Expense$5,705
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$258,695--$258,695
Occupancy$87,746--$87,746
Current Officers, Directors, Trustees, and Key Employees$58,919$8,942-$67,861
All Other Expenses$17,940$15,149$5,705$38,794
Payroll Taxes$25,947$717-$26,664
Office Expenses$5,623--$5,623
Advertising$3,750--$3,750
Fees for Services Accounting-$3,160-$3,160
Insurance-$2,225-$2,225
Interest$1,886--$1,886
Depreciation Depletion$1,034--$1,034
Travel$896--$896
Other Expenses$366$233-$366
Total Functional Expenses$521,208$30,556$5,705$557,469
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll tax$71,419
Unemployment Tax$2,650
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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

“Director and Chairman Calley Middlebrook is the daughter of board member Edward Godbold.”

Form 990 governing body review Part VI line 11

“The tax return is reviewed by all board members prior to being filed or at the first board meeting following the filing date.”

Conflict of interest policy compliance Part VI line 12C

“At its annual meeting, the board members complete an attestation form that there are no conflicts of interest, known or unknown for the previous year. If conflicts arise prior to the annual meeting, they are required to be disclosed in the current year.”

CEO executive director top management comp Part VI line 15A

“Mangement compensation is determined by the Board and approved annually.”

Other officer or key employee compensation Part VI line 15B

“Officer compensation is determined and approved by the board annually based on resources, reasonable salaries in the marketplace and other pertinent factors.”

Governing documents etc available to public Part VI line 19

“Persons may view the organizations form 990 by making a written or verbal request to do so. The form 990 is made available at the offices of the South Walton Academy and may be reviewed on site. Verbal requestors may be asked to make an appointment to return at a later date if necessary, due to the nature of the organizations purpose and activities.”

Filing and Contact Details

Filer

Filer Name
South Walton Academy
EIN
37-1802451
Address
585 Mack Bayou Road, Santa Rosa Beach, FL 32459

Signing Officer

Name
Calley G Middlebrooks
Title
Chairman
Phone
8502134595
Signed
2020-01-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Calley G Middlebrooks
Formed
2015
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
5
Employees
13
Volunteers
4

Preparer

Firm
Kendrick Business Solutions LLC
Address
905 Blackwell Rd 511, Marietta, GA 30066
Preparer
W D Kendrick CPA
Phone
6784916038
Supplemental Narrative

Additional Explanations

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

“Rounding.”

Raw XML Appendix382 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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IRS990/Desc0The school continues to grow and provide education to students with special needs. The school now has 50 students enrolled and serves 80 pediatric therapy clients. Programs are open to public in theraputic settings as playground activities, summer programs, and therapy clinics. The school also offers programs for adults and children, parent training and kids night out. South Walton has 5 certified teachers, 6 teacher assistants, 2 behavioral technicians, 2 speech therapists, 2 occupational therapists, 2 therapy supervisors, and various administrative persons. These are both paid and volunteer positions. The school has received community recognition as being recipients of various area wide fundraising events and received a grant from the St. Joe Company, whcih is reported wtihin this information return.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Director and Chairman Calley Middlebrook is the daughter of board member Edward Godbold.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The tax return is reviewed by all board members prior to being filed or at the first board meeting following the filing date.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2At its annual meeting, the board members complete an attestation form that there are no conflicts of interest, known or unknown for the previous year. If conflicts arise prior to the annual meeting, they are required to be disclosed in the current year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Mangement compensation is determined by the Board and approved annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Officer compensation is determined and approved by the board annually based on resources, reasonable salaries in the marketplace and other pertinent factors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Persons may view the organizations form 990 by making a written or verbal request to do so. The form 990 is made available at the offices of the South Walton Academy and may be reviewed on site. Verbal requestors may be asked to make an appointment to return at a later date if necessary, due to the nature of the organizations purpose and activities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Rounding.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05705
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030556
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0521208
IRS990/TotalFunctionalExpensesGrp/TotalAmt0557469
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011356
IRS990/TotalLiabilitiesEOYAmt075297
IRS990/TotalLiabilitiesGrp/BOYAmt011356
IRS990/TotalLiabilitiesGrp/EOYAmt075297
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06254
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-27390
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0521208
IRS990/TotalProgramServiceRevenueAmt0474907
IRS990/TotalReportableCompFromOrgAmt0120000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0474907
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0523826
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017610
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt047907
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TravelGrp/TotalAmt0896
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt02914
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0585 Mack Bayou Road
IRS990/USAddress/CityNm0Santa Rosa Beach
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032459
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0CALLEY G MIDDLEBROOKS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08502134595
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0South Walton Academy
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0371802451
ReturnHeader/Filer/USAddress/AddressLine1Txt0585 Mack Bayou Road
ReturnHeader/Filer/USAddress/CityNm0Santa Rosa Beach
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032459
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0BDB77CA2C5E8CA237BB7CE15A588BC8F2B91E57C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BDB77CA2C5E8CA237BB7CE15A588BC8F2B91E57C
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-01-15
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0108.194.67.209
ReturnHeader/FilingSecurityInformation/IPDt02020-01-15
ReturnHeader/FilingSecurityInformation/IPTm015:38:20
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0820633849
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kendrick Business Solutions LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0905 Blackwell Rd 511
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Marietta
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030066
ReturnHeader/PreparerPersonGrp/PhoneNum06784916038
ReturnHeader/PreparerPersonGrp/PreparationDt02020-01-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0W D Kendrick CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-01-15T15:36:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-08-01
ReturnHeader/TaxPeriodEndDt02019-07-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$47,907
Liabilities
$75,297
Net assets
-$27,390
Revenue
$523,826
Expenses
$557,469
Net income
-$33,643
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.44$0.12$2.89$3.14$0.25
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.69$0.30$0.39$2.67$2.28$0.39
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.40$0.11$1.61$1.34$0.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.37$0.16$0.81$0.94$0.14
2019Detailed filing. Detailed filing data is available for this year.$0.05$0.08$0.03$0.52$0.56$0.03
2018Summary only. Only limited summary data is available for this year.$0.02$0.01$0.01$0.27$0.25$0.02
2017Summary only. Only limited summary data is available for this year.$0.01$0.01$0.03$0.04$0.01