Civic Intelligence

Achievement Academy of Durham

EIN 41-2167219 • 501(c)3 • Durham, NC

Profile

Achievement academy of durham teaches and supports young adults who have dropped out of school in order to reconnect them to the opportunities an education provides. Aad students gain critical reading skills, earn their nc equivalency diploma and complete college preparatory training so they can succeed in a post-secondary program and attain sustainable employment.

2614 Crest StreetDurham, NC 27705

www.achievedurham.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

61st percentile

8.0%

Higher net margin than 61% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

91st percentile

$34,304

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 12.9% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

42nd percentile

-10%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$1

Down $56,800 (-100%) from 2017

Liabilities

Down

$0

Down $16,105 (-100%) from 2017

Net Assets

Down

$0

Down $40,696 (-100%) from 2017

Revenue

Down

$238,812

Down $26,818 (-10%) from 2017

Expenses

Down

$219,676

Down $88,156 (-29%) from 2017

Net Income

Up

$19,136

Up $61,338 (+145%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2011: $102,898Liabilities 2011: $3,757Net Assets 2011: $99,1412011Assets 2012: $85,827Liabilities 2012: $14,407Net Assets 2012: $71,4202012Assets 2013: $69,566Liabilities 2013: $8,408Net Assets 2013: $61,1582013Assets 2014: $80,776Liabilities 2014: $9,181Net Assets 2014: $71,5952014Assets 2015: $95,857Liabilities 2015: $9,761Net Assets 2015: $86,0962015Assets 2016: $87,605Liabilities 2016: $4,707Net Assets 2016: $82,8982016Assets 2017: $56,801Liabilities 2017: $16,105Net Assets 2017: $40,6962017Assets 2018: $1Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$1
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KExpenses 2011: $291,2892011Expenses 2012: $347,7532012Expenses 2013: $286,8632013Revenue 2014: $309,607Expenses 2014: $299,170Net Income 2014: $10,4372014Revenue 2015: $276,611Expenses 2015: $269,793Net Income 2015: $6,8182015Revenue 2016: $246,651Expenses 2016: $249,849Net Income 2016: -$3,1982016Revenue 2017: $265,630Expenses 2017: $307,832Net Income 2017: -$42,2022017Revenue 2018: $238,812Expenses 2018: $219,676Net Income 2018: $19,1362018

Highlighted filing

2018

Revenue$238,812
Expenses$219,676
Net Income$19,136

Filings

Latest Detailed Filing

The latest 2018 filing currently has summary financial data only. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 16, 2016
Return Version
2014v6.0
Gross Receipts
$276,611
Mission and Program Overview

Mission

Achievement academy of durham teaches and supports young adults who have dropped out of school in order to reconnect them to the opportunities an education provides. Aad students gain critical reading skills, earn their nc equivalency diploma and complete college preparatory training so they can succeed in a post-secondary program and attain sustainable employment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$62,919$65,412▲ $2,493
Accounts Receivable-$14,059-
Savings and Temporary Cash Investments$13,519$13,603▲ $84
Land, Buildings, and Equipment, Net$4,210$2,663▼ $1,547
Total Assets$80,776$95,857▲ $15,081
Other Assets Total$128$120▼ $8
Liabilities
Other Liabilities$9,181$9,649▲ $468
Accounts Payable and Accrued Expenses-$112-
Total Liabilities$9,181$9,761▲ $580
Net Assets / Fund Balance
Unrestricted Net Assets$71,595$86,096▲ $14,501
Total Net Assets Fund Balance$71,595$86,096▲ $14,501
Total Liabilities and Net Assets / Fund Balance$80,776$95,857▲ $15,081

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,683$15,750-
Leasehold Improvements$980$2,625-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gayle ErdheimExecutive DiFT$48,408$48,408

Board Members and Trustees

NameTitle
Abby ParcellChair
Jamie Phillips-coleDirector
Nick FaberDirector
Reginald HoltDirector
Wendy MccorkleDirector
Jane WettachSecretary
Daniel OldmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$174,046
Program Service Revenue
$93,492
Investment Income
$83
Other Revenue
$8,990
All Other Contributions
$138,332
Change in Net Assets
$6,818
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$210,590
Other Expenses$59,203
Total Fundraising Expense$11,328
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$118,887$8,115$380$127,382
Current Officers, Directors, Trustees, and Key Employees$31,465$12,102$4,841$48,408
Occupancy$24,073$3,237$836$28,146
Other Employee Benefits$16,388$2,204$569$19,161
Payroll Taxes$13,376$1,798$465$15,639
Other Expenses$1,462$1,958$3,991$3,420
All Other Expenses$2,505$438$112$3,055
Insurance$2,123$285$74$2,482
Depreciation Depletion$1,326$178$46$1,550
Office Expenses$190$68$14$272
Total Functional Expenses$220,235$38,230$11,328$269,793
Fundraising, Events, and Gaming
Fundraising activities
No
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Payable$6,531
Accrued Benefit Payable$3,118
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

990 is reviewed and delivered by email to the board's finance committee and signed by the board's treasurer.

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

Conflict of interest policy is reviewed and discussed at the first meeting of the board in the calendar year and all board members are required to submit a signed copy of the document to the administative director. The directors of the organization also sign a copy of the policy annually and these are stored in the appropriate personnel files. All copies of the board signed documents are filed in a binder with other official board documents avaialbe for review.

Form 990, Page 6, Part VI, Line 15A

USE COMPARABILITY DATA

Form 990, Page 6, Part VI, Line 19

Documents are made avaiable upon request.

Filing and Contact Details

Filer

Filer Name
Achievement Academy of Durham
EIN
41-2167219
Address
2614 CREST STREET, DURHAM, NC 27705

Signing Officer

Name
Gayle Erdheim
Title
Executive Director
Signed
2016-02-16
Discuss with paid preparer
Yes

Organization Details

Formed
2004
Voting Board Members
7
Independent Board Members
7
Employees
10
Volunteers
36

Preparer

Firm
Thomas E Spivey CPA Pa
Address
PO BOX 1542, DURHAM, NC 27702
Preparer
Thomas E Spivey
Phone
9194843000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Achievement academy of durham teaches and supports young adults who have dropped out of school in order to reconnect them to the opportunities an education provides. Aad students gain critical reading skills, earn their nc equivalency diploma and complete college preparatory training so they can succeed in a post-secondary program and attain sustainable employment.

Form 990, Part XI, Line 9

Net asset adjustment 7,683

Form 990, Page 12, Part XII, Line 1

Accounting method changed from modified cash to accrual.

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IRS990/Desc0THE ACHIEVEMENT ACADEMY'S STARTING POINTS PROGRAM SERVES STUDENTS WHO ENROLL IN OUR PROGRAM WITH ELEMENTARY OR MIDDLE SCHOOL LEVEL READING PROFICIENCY AND ARE THEREFORE UNABLE TO DIRECTLY ENTER AAD'S HIGH SCHOOL EQUIVALENCY PROGRAM. WITH THE HELP OF TRAINED VOLUNTEER TUTORS, STAFF IS ABLE TO OFFER INTENSIVE,INDIVIDUALIZED DIAGNOSTIC AND INSTRUCTIONAL SUPPORT TO HELP STUDENTS MAKE RAPID PROGRESS IN READING, WRITING LANGUAGE, AND MATHEMATICS. IN 2013-14, THE PROGRAM SERVED 26 STUDENTS. 100% OF STUDENTS WHO REMAINED ENROLLED FOR AT LEAST ONE QUARTER INCREASED THEIR READING LEVEL BY ONE OR MORE GRADE LEVEL, WITH TH EAVERAGE ANNUAL GAIN OF 3.3 GRADE EQUIVALENTS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0ACHIEVEMENT UNIVERSITY - THIS IS THE ACHIEVEMENT ACADEMY'S POST-SECONDARY PREPARATION AND SUPPORT PROGRAM. THE TWELVE WEEK LONG COLLEGE PREPARATORY PROGRAM IS OPEN TO AAD'S GED COMPLETERS AND OTHER HIGH SCHOOL GRADUATES FROM THE COMMUNITY AND OFFERS CAREER AND COLLEGE EXPLORATION, ASSISTANCE WITH APPLICATIONS AND FINANCIAL AID, AND INTENSIVE PREPARATION FOR COLLEGE LEVEL ACADEMIC PLACEMENT EXAMS. ENROLLED POST-SECONDARY STUDENTS HAVE ACCESS TO ACADEMIC TUTORING, ADVISEMENT, CASE MANAGEMENT SUPPORT, AND PAID WORK-STUDY EMPLOYMENT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACHIEVEMENT ACADEMY OF DURHAM TEACHES AND SUPPORTS YOUNG ADULTS WHO HAVE DROPPED OUT OF SCHOOL IN ORDER TO RECONNECT THEM TO THE OPPORTUNITIES AN EDUCATION PROVIDES. AAD STUDENTS GAIN CRITICAL READING SKILLS, EARN THEIR NC EQUIVALENCY DIPLOMA AND COMPLETE COLLEGE PREPARATORY TRAINING SO THEY CAN SUCCEED IN A POST-SECONDARY PROGRAM AND ATTAIN SUSTAINABLE EMPLOYMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 IS REVIEWED AND DELIVERED BY EMAIL TO THE BOARD'S FINANCE COMMITTEE AND SIGNED BY THE BOARD'S TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICY IS REVIEWED AND DISCUSSED AT THE FIRST MEETING OF THE BOARD IN THE CALENDAR YEAR AND ALL BOARD MEMBERS ARE REQUIRED TO SUBMIT A SIGNED COPY OF THE DOCUMENT TO THE ADMINISTATIVE DIRECTOR. THE DIRECTORS OF THE ORGANIZATION ALSO SIGN A COPY OF THE POLICY ANNUALLY AND THESE ARE STORED IN THE APPROPRIATE PERSONNEL FILES. ALL COPIES OF THE BOARD SIGNED DOCUMENTS ARE FILED IN A BINDER WITH OTHER OFFICIAL BOARD DOCUMENTS AVAIALBE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3USE COMPARABILITY DATA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MADE AVAIABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NET ASSET ADJUSTMENT 7,683
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ACCOUNTING METHOD CHANGED FROM MODIFIED CASH TO ACCRUAL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 12, PART XII, LINE 1
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ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GAYLE ERDHEIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ACHIEVEMENT ACADEMY OF DURHAM
ReturnHeader/Filer/BusinessNameControlTxt0ACHI
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ReturnHeader/Filer/USAddress/AddressLine1Txt02614 CREST STREET
ReturnHeader/Filer/USAddress/CityNm0DURHAM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THOMAS E SPIVEY CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1542
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DURHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027702
ReturnHeader/PreparerPersonGrp/PhoneNum09194843000
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS E SPIVEY
ReturnHeader/ReturnTs02016-02-16T20:04:40-06:00
ReturnHeader/ReturnTypeCd0990

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