Civic Intelligence

Hartfield Academy Inc.

990 • Fiscal year 2015 • EIN 45-2712832

Jul 01, 2014 to Jun 30, 2015 • Filed on May 15, 2016

PO Box 320338Flowood, MS 39232

(601) 992-5333

Siviq Scores

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

Liabilities / Assets

85th percentile

0.79x

Higher debt load relative to assets than 85% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

79th percentile

0.93x

Higher debt load relative to revenue than 79% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

47th percentile

2.0%

Higher net margin than 47% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

48th percentile

0.3%

Faster asset growth than 48% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

69th percentile

12%

Faster revenue growth than 69% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$6,346,207

Up $19,408 (+0.3%) from 2014

Net Assets

Up

$1,362,897

Up $60,584 (+4.7%) from 2014

Liabilities

Down

$4,983,310

Down $41,176 (-0.8%) from 2014

Revenue

Up

$5,381,361

Up $571,981 (+12%) from 2014

Expenses

Up

$5,274,779

Up $767,036 (+17%) from 2014

Net Income

Down

$106,582

Down $195,055 (-65%) from 2014

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2012: $2,906,257Liabilities 2012: $1,909,966Net Assets 2012: $996,2912012Assets 2013: $7,218,171Liabilities 2013: $6,402,932Net Assets 2013: $815,2392013Assets 2014: $6,326,799Liabilities 2014: $5,024,486Net Assets 2014: $1,302,3132014Assets 2015: $6,346,207Liabilities 2015: $4,983,310Net Assets 2015: $1,362,8972015Assets 2016: $8,214,822Liabilities 2016: $6,644,583Net Assets 2016: $1,570,2392016Assets 2017: $11,997,199Liabilities 2017: $7,105,738Net Assets 2017: $4,891,4612017Assets 2018: $21,592,118Liabilities 2018: $15,578,142Net Assets 2018: $6,013,9762018Assets 2019: $22,969,985Liabilities 2019: $16,475,532Net Assets 2019: $6,494,4532019Assets 2020: $22,881,598Liabilities 2020: $15,948,215Net Assets 2020: $6,933,3832020Assets 2021: $22,303,851Liabilities 2021: $14,345,166Net Assets 2021: $7,958,6852021Assets 2022: $24,403,436Liabilities 2022: $13,517,525Net Assets 2022: $10,885,9112022Assets 2023: $26,486,346Liabilities 2023: $14,129,158Net Assets 2023: $12,357,1882023Assets 2024: $31,121,281Liabilities 2024: $16,581,812Net Assets 2024: $14,539,4692024Assets 2025: $34,378,034Liabilities 2025: $19,268,994Net Assets 2025: $15,109,0402025

Highlighted filing

2015

Assets$6,346,207
Liabilities$4,983,310
Net Assets$1,362,897

Operations Trend

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

$15M$10M$5.0M$0Revenue 2012: $215,018Expenses 2012: $165,292Net Income 2012: $49,7262012Revenue 2013: $4,373,323Expenses 2013: $4,314,120Net Income 2013: $59,2032013Revenue 2014: $4,809,380Expenses 2014: $4,507,743Net Income 2014: $301,6372014Revenue 2015: $5,381,361Expenses 2015: $5,274,779Net Income 2015: $106,5822015Revenue 2016: $5,992,388Expenses 2016: $5,785,046Net Income 2016: $207,3422016Revenue 2017: $10,081,515Expenses 2017: $6,760,293Net Income 2017: $3,321,2222017Revenue 2018: $7,946,379Expenses 2018: $6,823,864Net Income 2018: $1,122,5152018Revenue 2019: $8,395,426Expenses 2019: $7,914,949Net Income 2019: $480,4772019Revenue 2020: $9,371,537Expenses 2020: $8,932,607Net Income 2020: $438,9302020Revenue 2021: $10,702,856Expenses 2021: $9,677,554Net Income 2021: $1,025,3022021Revenue 2022: $13,249,277Expenses 2022: $10,299,761Net Income 2022: $2,949,5162022Revenue 2023: $12,218,489Expenses 2023: $10,752,760Net Income 2023: $1,465,7292023Revenue 2024: $13,914,177Expenses 2024: $11,743,364Net Income 2024: $2,170,8132024Revenue 2025: $14,176,271Expenses 2025: $13,621,177Net Income 2025: $555,0942025

Highlighted filing

2015

Revenue$5,381,361
Expenses$5,274,779
Net Income$106,582
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 15, 2016
Return Version
2014v6.0
Gross Receipts
$5,381,361
Mission and Program Overview

Mission

Hartfield academy, inc. Is a christ-centered, college preparatory school created to help families prepare their young people academically, emotionally and spiritually to pursue the next stages of their lives with a passion for learning, for putting others ahead of self, and for the living and active jesus christ.

Hartfield is a christ-centered, college prep school created to enable its students to gain mastery at the pre- collegiate level and create a significant platform for future success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,518,471$5,089,431▲ $570,960
Cash and Non-Interest-Bearing Accounts$1,737,059$1,224,514▼ $512,545
Prepaid Expenses and Deferred Charges$9,000$22,759▲ $13,759
Accounts Receivable$24,467$9,503▼ $14,964
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$6,292,061$6,346,207▲ $54,146
Other Assets Total$3,064$0▼ $3,064
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,101,945$2,963,762▼ $138,183
Deferred Revenue$1,578,053$1,620,633▲ $42,580
Accounts Payable and Accrued Expenses$185,279$213,001▲ $27,722
Other Liabilities$170,469$185,914▲ $15,445
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,035,746$4,983,310▼ $52,436
Net Assets / Fund Balance
Unrestricted Net Assets$1,252,015$1,362,897▲ $110,882
Temporarily Rstr Net Assets$4,300$0▼ $4,300
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,256,315$1,362,897▲ $106,582
Total Liabilities and Net Assets / Fund Balance$6,292,061$6,346,207▲ $54,146

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,645,540$1,284,146$4,929,686
Equipment$238,927$564,800$803,727
Other Land Buildings$358,018$278,724$636,742
Leasehold Improvements$359,346$131,547$490,893
Land$487,600-$487,600
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chip HendersonChair
Tim SensingVice-chair
Bill SullivanDirector
Freda BushDirector
Greg MooreDirector
Joe EdwardsDirector
Lane CockrellDirector
Lee AdamsDirector
Liza LooserDirector
Thomas MeredithDirector
Willie AbstonDirector
Baxton BurnsSecretary
Debra WatsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$461,501
Program Service Revenue
$4,905,045
Investment Income
$889
Other Revenue
$13,926
All Other Contributions
$352,736
Change in Net Assets
$106,582

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,381,361
Total Revenue per Audited Statements
$5,381,361
Total Revenue per Form 990
$5,381,361
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,137,382
Other Expenses$2,137,397
Total Fundraising Expense$19,803
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,041,770$725,464-$2,767,234
Depreciation Depletion$326,462$81,616-$408,078
Occupancy$291,261$72,815-$364,076
Fees for Services Other$227,232$72,181-$299,413
Payroll Taxes$187,326$46,832-$234,158
All Other Expenses$104,504$27,731$11,822$144,057
Other Employee Benefits$108,792$27,198-$135,990
Interest$115,467--$115,467
Information Technology$52,416$13,104-$65,520
Other Expenses$25,000$43,798$7,981$25,000
Advertising-$21,959-$21,959
Insurance$6,867$1,717-$8,584
Travel-$1,163-$1,163
Office Expenses$376$94-$470
Total Functional Expenses$4,119,304$1,135,672$19,803$5,274,779

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,274,779
Total Expenses per Audited Statements$5,274,779
Total Expenses per Form 990$5,274,779
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
School Auction$11,780-$7,981-
Annual Auction$105,539$8,554$11,822$-3,268
Total Events$117,319$8,554$19,803$-11,249
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$185,914
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
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

FORM 990, PAGE 6, PART VI, SECTION B, LINE 11B:

The form 990 was reviewed by the treasurer prior to filing with the irs.

FORM 990, PAGE 6, PART VI, SECTION B, LINE 12C:

All trustees, officers, and certain identified agents and employees are required to sign a conflict of interest disclosure statement annually attesting to any positions held, or interests in, any potential contracting parties, whether held by the trustee, officer, agent, or employee, or to the extent of their knowledge, by members of his or her immediate family. The trustee, officer, agent or employee with the conflict may not be present during the discussion or vote of the board of directors which approves or authorizes the contract or transaction.

FORM 990, PAGE 6, PART VI, SECTION B, LINE 15A&B:

Compensation amounts for top management officials, as well as other employees, are reviewed and approved by the board of directors and are comparable to similarly qualified persons in functionally comparable positions at similarly situated organizations.

FORM 990, PAGE 6, PART VI, SECTION C, LINE 19:

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Hartfield Academy Inc
EIN
45-2712832
In Care Of
% FERNANDO REIS
Phone
6019925333
Address
PO Box 320338, Flowood, MS 39232

Signing Officer

Name
Lee Adams
Title
Treasurer
Phone
6019925333
Signed
2016-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lee Adams
Formed
2011
Legal Domicile
Ms
Voting Board Members
6
Independent Board Members
5
Employees
119
Volunteers
0

Preparer

Firm
Bkd Llp
Address
190 E Capitol Street Ste 500, Jackson, MS 39201-2190
Preparer
Megan H Mills CPA
Phone
6019486700
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$34.4$19.3$15.1$14.2$13.6$0.56
2024Detailed filing. Detailed filing data is available for this year.$31.1$16.6$14.5$13.9$11.7$2.17
2023Detailed filing. Detailed filing data is available for this year.$26.5$14.1$12.4$12.2$10.8$1.47
2022Detailed filing. Detailed filing data is available for this year.$24.4$13.5$10.9$13.2$10.3$2.95
2021Detailed filing. Detailed filing data is available for this year.$22.3$14.3$7.96$10.7$9.68$1.03
2020Detailed filing. Detailed filing data is available for this year.$22.9$15.9$6.93$9.37$8.93$0.44
2019Detailed filing. Detailed filing data is available for this year.$23.0$16.5$6.49$8.40$7.91$0.48
2018Detailed filing. Detailed filing data is available for this year.$21.6$15.6$6.01$7.95$6.82$1.12
2017Detailed filing. Detailed filing data is available for this year.$12.0$7.11$4.89$10.1$6.76$3.32
2016Detailed filing. Detailed filing data is available for this year.$8.21$6.64$1.57$5.99$5.79$0.21
2015Detailed filing. Detailed filing data is available for this year.$6.35$4.98$1.36$5.38$5.27$0.11
2014Summary only. Only limited summary data is available for this year.$6.33$5.02$1.30$4.81$4.51$0.30
2013Summary only. Only limited summary data is available for this year.$7.22$6.40$0.82$4.37$4.31$0.06
2012Summary only. Only limited summary data is available for this year.$2.91$1.91$1.00$0.22$0.17$0.05