Civic Intelligence

The Iron Academy

990 • Fiscal year 2017 • EIN 45-3816000

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 30, 2018

9660 FALLS OF THE NEUSE RD No 138Raleigh, NC 27615

(919) 971-1216

Siviq Scores

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

Liabilities / Assets

94th percentile

0.96x

Higher debt load relative to assets than 94% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

74th percentile

0.13x

Higher debt load relative to revenue than 74% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Net Margin

45th percentile

2.8%

Higher net margin than 45% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

73rd percentile

$54,211

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Asset Growth

1st percentile

-68%

Faster asset growth than 1% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

35th percentile

-0.5%

Faster revenue growth than 35% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$95,988

Down $207,115 (-68%) from 2016

Net Assets

Up

$4,215

Up $18,846 (+129%) from 2016

Liabilities

Down

$91,773

Down $225,961 (-71%) from 2016

Revenue

Down

$683,038

Down $3,609 (-0.5%) from 2016

Expenses

Down

$664,192

Down $64,861 (-8.9%) from 2016

Net Income

Up

$18,846

Up $61,252 (+144%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $7,500Liabilities 2011: $02011Assets 2012: $43,573Liabilities 2012: $4,9312012Assets 2013: $118,466Liabilities 2013: $0Net Assets 2013: $118,4662013Assets 2014: $144,372Liabilities 2014: $25,533Net Assets 2014: $118,8392014Assets 2015: $86,140Liabilities 2015: $58,363Net Assets 2015: $27,7772015Assets 2016: $303,103Liabilities 2016: $317,734Net Assets 2016: -$14,6312016Assets 2017: $95,988Liabilities 2017: $91,773Net Assets 2017: $4,2152017Assets 2018: $78,344Liabilities 2018: $60,393Net Assets 2018: $17,9512018Assets 2019: $186,027Liabilities 2019: $70,097Net Assets 2019: $115,9302019Assets 2020: $326,845Liabilities 2020: $190,373Net Assets 2020: $136,4722020Assets 2021: $321,665Liabilities 2021: $67,975Net Assets 2021: $253,6902021Assets 2022: $2,316,006Liabilities 2022: $2,055,848Net Assets 2022: $260,1582022Assets 2023: $2,443,434Liabilities 2023: $2,111,670Net Assets 2023: $331,7642023Assets 2024: $2,390,846Liabilities 2024: $2,016,195Net Assets 2024: $374,6512024Assets 2025: $2,385,395Liabilities 2025: $1,919,922Net Assets 2025: $465,4732025

Highlighted filing

2017

Assets$95,988
Liabilities$91,773
Net Assets$4,215

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $7,500Expenses 2011: $0Net Income 2011: $7,5002011Revenue 2012: $75,150Expenses 2012: $44,008Net Income 2012: $31,1422012Revenue 2013: $325,525Expenses 2013: $243,131Net Income 2013: $82,3942013Revenue 2014: $453,468Expenses 2014: $453,095Net Income 2014: $3732014Revenue 2015: $191,758Expenses 2015: $282,819Net Income 2015: -$91,0612015Revenue 2016: $686,647Expenses 2016: $729,053Net Income 2016: -$42,4062016Revenue 2017: $683,038Expenses 2017: $664,192Net Income 2017: $18,8462017Revenue 2018: $823,626Expenses 2018: $822,840Net Income 2018: $7862018Revenue 2019: $1,002,541Expenses 2019: $904,562Net Income 2019: $97,9792019Revenue 2020: $1,053,793Expenses 2020: $1,036,539Net Income 2020: $17,2542020Revenue 2021: $1,251,038Expenses 2021: $1,133,820Net Income 2021: $117,2182021Revenue 2022: $1,275,935Expenses 2022: $1,269,467Net Income 2022: $6,4682022Revenue 2023: $1,440,456Expenses 2023: $1,368,850Net Income 2023: $71,6062023Revenue 2024: $1,638,421Expenses 2024: $1,595,534Net Income 2024: $42,8872024Revenue 2025: $1,946,733Expenses 2025: $1,855,911Net Income 2025: $90,8222025

Highlighted filing

2017

Revenue$683,038
Expenses$664,192
Net Income$18,846
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 30, 2018
Return Version
2016v3.0
Gross Receipts
$700,931
Mission and Program Overview

Mission

Iron academy exists to glorify god by training young men to live wisely, be unwavering in faith, and adept in leadership; equipping them to fight for biblical values, strengthen their families, and serve as leaders in their churches and communities.

The organizations vision is to provide the preeminent education for young men in nc. Iron academy's mission is to provide the finest education and training in biblical manhood and daily build genuine leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$221,643--
Cash and Non-Interest-Bearing Accounts$59,278$71,259▲ $11,981
Land, Buildings, and Equipment, Net$19,432$16,212▼ $3,220
Prepaid Expenses and Deferred Charges-$2,517-
Pledges and Grants Receivable$1,250--
Total Assets$303,103$95,988▼ $207,115
Other Assets Total$1,500$6,000▲ $4,500
Liabilities
Deferred Revenue$317,576$80,263▼ $237,313
Other Liabilities$0$11,510▲ $11,510
Accounts Payable and Accrued Expenses$158--
Total Liabilities$317,734$91,773▼ $225,961
Net Assets / Fund Balance
Unrestricted Net Assets$-14,631$4,215▲ $18,846
Total Net Assets Fund Balance$-14,631$4,215▲ $18,846
Total Liabilities and Net Assets / Fund Balance$303,103$95,988▼ $207,115

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$15,583$38,127$53,710
Equipment$629$1,426-
Other Assets Org$6,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alan HahnCEOFT$54,211$54,211

Board Members and Trustees

NameTitle
Dan DosterChairman of the Board Member
Bill MccarthyBoard Member
Laurie GeerBoard Member
Mary ZulligBoard Member
Mike BrownBoard Member
Ross CoppageBoard Member
Scott MichaelBoard Member
Brennan FerrellSecretary of the Board
Revenue and Support

Revenue Composition

Contributions and Grants
$314,092
Program Service Revenue
$366,934
Investment Income
$0
Other Revenue
$2,012
All Other Contributions
$314,092
Change in Net Assets
$18,846
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$456,137
Other Expenses$208,055
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$366,086--$366,086
Current Officers, Directors, Trustees, and Key Employees-$54,211-$54,211
Occupancy$47,038$2,175-$49,213
Advertising$47,586--$47,586
Payroll Taxes$35,698--$35,698
Fees for Services Accounting-$22,288-$22,288
Office Expenses-$19,866-$19,866
Information Technology-$14,709-$14,709
Depreciation Depletion$5,889$4,144-$10,033
Insurance$6,556--$6,556
Other Expenses$4,660$3,844-$3,844
Fees for Service Investment Mgmnt Fees-$1,712-$1,712
Travel$1,661--$1,661
All Other Expenses$538--$538
Pension Plan Contributions$142--$142
Total Functional Expenses$541,243$122,949$0$664,192
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$19,905
Fundraising Direct Expenses$17,893
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ticket Sales/concessions$18,624$18,624$17,893$731
Ipf$1,281$1,281-$1,281
Total Events$19,905$19,905$17,893$2,012
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 Card Payable$9,759
Payroll Liabilities$1,751
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

Before the return was submitted, the return was reviewed by the chair of finance committee, but not to all board members

Form 990, Part VI, Section C, line 18

Form 990 is available to review upon request

Form 990, Part VI, Section C, line 19

Available to review upon request

Filing and Contact Details

Filer

Filer Name
Iron Academy
EIN
45-3816000
Phone
9199711216
Address
9660 FALLS OF THE NEUSE RD No 138, RALEIGH, NC 27615

Signing Officer

Name
Alan Hahn
Title
CEO
Phone
9199711216
Signed
2018-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan Hahn
Formed
2011
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
22
Volunteers
30

Preparer

Firm
Greg W Isley CPA Pa
Address
8601 SIX FORKS ROAD SUITE 400, Raleigh, NC 27615
Phone
2526700508
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt018846
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0366934
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0629
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01426
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt02055
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RENTAL SECURITY DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015583
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt038127
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt053710
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09759
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11751
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016212
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06000
IRS990ScheduleD/TotalLiabilityAmt011510
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd00
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0IRON ACADEMY PUBLICIZED ITS NON-DISCRIMINATION POLICY ON THE LOCAL NEWSPAPER WHEN SOLICITING STUDENTS
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1SOME OF THE MATERIAL USED BY IRON ACADEMY TO SOLICIT STUDENTS ARE QUITE SMALL, THEY DON'T ALLOW ROOM FOR FULL DISCLOSURE OF THE POLICIES
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 4
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt017893
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0TICKET SALES/CONCESSIONS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0IPF
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt018624
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt01281
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt019905
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt018624
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt01281
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt019905
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt02012
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt017893
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt017893
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BEFORE THE RETURN WAS SUBMITTED, THE RETURN WAS REVIEWED BY THE CHAIR OF FINANCE COMMITTEE, BUT NOT TO ALL BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS AVAILABLE TO REVIEW UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE TO REVIEW UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0303103
IRS990/TotalAssetsEOYAmt095988
IRS990/TotalAssetsGrp/BOYAmt0303103
IRS990/TotalAssetsGrp/EOYAmt095988
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0314092
IRS990/TotalEmployeeCnt022
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0122949
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0541243
IRS990/TotalFunctionalExpensesGrp/TotalAmt0664192
IRS990/TotalGrossUBIAmt02012
IRS990/TotalLiabilitiesBOYAmt0317734
IRS990/TotalLiabilitiesEOYAmt091773
IRS990/TotalLiabilitiesGrp/BOYAmt0317734
IRS990/TotalLiabilitiesGrp/EOYAmt091773
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-14631
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04215
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0541243
IRS990/TotalProgramServiceRevenueAmt0366934
IRS990/TotalReportableCompFromOrgAmt054211
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0366934
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0683038
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02012
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0303103
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt095988
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01661
IRS990/TravelGrp/TotalAmt01661
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-14631
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04215
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt014400 PINE COVE CT
IRS990/USAddress/CityNm0RALEIGH
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027614
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0www.ironacademy.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ALAN HAHN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09199711216
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IRON ACADEMY

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.39$1.92$0.47$1.95$1.86$0.09
2024Detailed filing. Detailed filing data is available for this year.$2.39$2.02$0.37$1.64$1.60$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.44$2.11$0.33$1.44$1.37$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.32$2.06$0.26$1.28$1.27$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.32$0.07$0.25$1.25$1.13$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.33$0.19$0.14$1.05$1.04$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.19$0.07$0.12$1.00$0.90$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.08$0.06$0.02$0.82$0.82$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.10$0.09$0.00$0.68$0.66$0.02
2016Summary only. Only limited summary data is available for this year.$0.30$0.32$0.01$0.69$0.73$0.04
2015Summary only. Only limited summary data is available for this year.$0.09$0.06$0.03$0.19$0.28$0.09
2014Summary only. Only limited summary data is available for this year.$0.14$0.03$0.12$0.45$0.45$0.00
2013Summary only. Only limited summary data is available for this year.$0.12$0.00$0.12$0.33$0.24$0.08
2012Summary only. Only limited summary data is available for this year.$0.04$0.00$0.08$0.04$0.03
2011Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.00$0.01