Civic Intelligence

The Iron Academy

990 • Fiscal year 2022 • EIN 45-3816000

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 18, 2023

Organization ProfileWWW.IRONACADEMY.ORG
3510 Edwards Mill RoadRaleigh, NC 27612

(919) 977-8811

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.89x

Higher debt load relative to assets than 92% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

1.61x

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

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Net Margin

34th percentile

0.5%

Higher net margin than 34% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

62nd percentile

$89,583

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Asset Growth

98th percentile

620%

Faster asset growth than 98% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

40th percentile

2.0%

Faster revenue growth than 40% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$2,316,006

Up $1,994,341 (+620%) from 2021

Net Assets

Up

$260,158

Up $6,468 (+2.5%) from 2021

Liabilities

Up

$2,055,848

Up $1,987,873 (+2924%) from 2021

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin34th percentile

Revenue

Up

$1,275,935

Up $24,897 (+2.0%) from 2021

Expenses

Up

$1,269,467

Up $135,647 (+12%) from 2021

Net Income

Down

$6,468

Down $110,750 (-94%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

2022

Assets$2,316,006
Liabilities$2,055,848
Net Assets$260,158
Open 2022 Filing

Operations Trend

Revenue Growth40th percentile

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

2022

Revenue$1,275,935
Expenses$1,269,467
Net Income$6,468
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 18, 2023
Return Version
2021v4.2
Gross Receipts
$1,293,073
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.

To be recognized as a world-renowned educator and developer of biblically-driven, christian young men.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$19,846$2,034,538▲ $2,014,692
Cash and Non-Interest-Bearing Accounts$286,011$266,220▼ $19,791
Accounts Receivable$3,898$14,266▲ $10,368
Prepaid Expenses and Deferred Charges$7,410$982▼ $6,428
Total Assets$321,665$2,316,006▲ $1,994,341
Other Assets Total$4,500--
Liabilities
Mortgage Notes Payable Secured by Investment Property-$1,970,830-
Deferred Revenue$46,148$77,235▲ $31,087
Accounts Payable and Accrued Expenses$21,827$7,783▼ $14,044
Total Liabilities$67,975$2,055,848▲ $1,987,873
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$253,690$260,158▲ $6,468
Total Net Assets Fund Balance$253,690$260,158▲ $6,468
Total Liabilities and Net Assets / Fund Balance$321,665$2,316,006▲ $1,994,341

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,490,190-$1,490,190
Buildings$524,373$5,148$529,521
Equipment$14,705$61,686$76,391
Other Land Buildings$5,270$9,778$15,048
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Alan HahnCEOFT$89,583$89,583

Board Members and Trustees

NameTitle
Mike BrownPresident
Herb BalesBoard Member
Josh WalthallBoard Member
Matt BaldwinBoard Member
Mcgavock EdwardsBoard Member
Pauline OndachiBoard Member
Ross CoppageBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$373,462
Program Service Revenue
$902,926
Investment Income
$1,716
Other Revenue
$-2,169
All Other Contributions
$373,462
Change in Net Assets
$6,468
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$793,178
Other Expenses$411,133
Grants and Similar Amounts Paid$65,156
Total Fundraising Expense$22,179
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$534,609$41,581$17,820$594,010
Current Officers, Directors, Trustees, and Key Employees$83,250$6,475$2,775$92,500
Occupancy$51,311$17,104-$68,415
Grants to Domestic Individuals$65,156--$65,156
Advertising-$63,683-$63,683
Other Employee Benefits$53,860--$53,860
Payroll Taxes$47,527$3,697$1,584$52,808
Fees for Services Accounting-$41,394-$41,394
Office Expenses$26,815$8,938-$35,753
Information Technology$19,413$6,471-$25,884
Other Expenses$21,517$5,571-$21,517
All Other Expenses$19,733$1,036-$20,769
Depreciation Depletion$9,296$3,099-$12,395
Insurance-$10,982-$10,982
Interest$7,573$2,524-$10,097
Travel$6,930--$6,930
Fees for Services Other$30$400-$430
Total Functional Expenses$1,034,333$212,955$22,179$1,269,467
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$17,138
Fundraising Gross Income$14,178
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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 board president and ceo.”

Form 990, Part VI, Section C, Line 19

“The academy's governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
The Iron Academy
EIN
45-3816000
Phone
9199778811
Address
3510 EDWARDS MILL ROAD, RALEIGH, NC 27612

Signing Officer

Name
Alan Hahn
Title
CEO
Phone
9199778811
Signed
2023-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan Hahn
Formed
2011
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
16
Volunteers
20

Preparer

Firm
Dean Dorton Allen Ford Pllc
Address
4060 BARRETT DRIVE, RALEIGH, NC 27609
Preparer
J Graham Clements
Phone
9197829265
Supplemental Narrative

Additional Explanations

Part XII Line 2C

“The organization has not changed its process from the prior year.”

Raw XML AppendixShowing 400 of 420 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/ProgramServiceRevenueGrp/Desc1PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0868729
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt134197
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0868729
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt134197
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0352616
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt056275
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0382083
IRS990/PYOtherRevenueAmt05142
IRS990/PYProgramServiceRevenueAmt0893280
IRS990/PYRevenuesLessExpensesAmt0117218
IRS990/PYSalariesCompEmpBnftPaidAmt0695462
IRS990/PYTotalExpensesAmt01133820
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01251038
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt06468
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0903717
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/BuildingsGrp/BookValueAmt0524373
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05148
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0529521
IRS990ScheduleD/EquipmentGrp/BookValueAmt014705
IRS990ScheduleD/EquipmentGrp/DepreciationAmt061686
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt076391
IRS990ScheduleD/LandGrp/BookValueAmt01490190
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01490190
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05270
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09778
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt015048
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02034538
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/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0IRON ACADEMY PUBLICIZED ITS NON-DISCRIMINATION POLICY IN THE LOCAL NEWSPAPER WHEN SOLICITING STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt065156
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt011
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BEFORE THE RETURN WAS SUBMITTED, THE RETURN WAS REVIEWED BY THE BOARD PRESIDENT AND CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS NOT CHANGED ITS PROCESS FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0321665
IRS990/TotalAssetsEOYAmt02316006
IRS990/TotalAssetsGrp/BOYAmt0321665
IRS990/TotalAssetsGrp/EOYAmt02316006
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0373462
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt022179
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0212955
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01034333
IRS990/TotalFunctionalExpensesGrp/TotalAmt01269467
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt067975
IRS990/TotalLiabilitiesEOYAmt02055848
IRS990/TotalLiabilitiesGrp/BOYAmt067975
IRS990/TotalLiabilitiesGrp/EOYAmt02055848
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0253690
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0260158
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01034333
IRS990/TotalProgramServiceRevenueAmt0902926
IRS990/TotalReportableCompFromOrgAmt089583
IRS990/TotalRevenueGrp/ExclusionAmt0-1244
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0903717
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01275935
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0321665
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02316006
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt06930
IRS990/TravelGrp/TotalAmt06930
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03510 EDWARDS MILL ROAD
IRS990/USAddress/CityNm0RALEIGH
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027612
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.IRONACADEMY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ALAN HAHN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09199778811
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE IRON ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0IRON
ReturnHeader/Filer/EIN0453816000

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,316,006
Liabilities
$2,055,848
Net assets
$260,158
Revenue
$1,275,935
Expenses
$1,269,467
Net income
$6,468
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