Civic Intelligence

Northside Education Inc.

990 • Fiscal year 2018 • EIN 45-4342063

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 15, 2018

3260 Northside DriveAtlanta, GA 30305

(404) 369-3500

Siviq Scores

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

Liabilities / Assets

85th percentile

0.78x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

85th percentile

1.64x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

43rd percentile

1.4%

Higher net margin than 43% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

34th percentile

$134,045

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

50th percentile

2.0%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

74th percentile

17%

Faster revenue growth than 74% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$15,779,950

Up $308,029 (+2.0%) from 2017

Net Assets

Up

$3,535,757

Up $104,623 (+3.0%) from 2017

Liabilities

Up

$12,244,193

Up $203,406 (+1.7%) from 2017

Revenue

Up

$7,447,810

Up $1,061,366 (+17%) from 2017

Expenses

Up

$7,343,196

Up $508,329 (+7.4%) from 2017

Net Income

Up

$104,614

Up $553,037 (+123%) from 2017

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2013: $63,395Liabilities 2013: $02013Assets 2014: $118,134Net Assets 2014: $118,1342014Assets 2015: $1,985,912Liabilities 2015: $77,151Net Assets 2015: $1,908,7612015Assets 2016: $15,114,840Liabilities 2016: $11,235,283Net Assets 2016: $3,879,5572016Assets 2017: $15,471,921Liabilities 2017: $12,040,787Net Assets 2017: $3,431,1342017Assets 2018: $15,779,950Liabilities 2018: $12,244,193Net Assets 2018: $3,535,7572018Assets 2019: $16,219,662Liabilities 2019: $12,166,278Net Assets 2019: $4,053,3842019Assets 2020: $17,296,285Liabilities 2020: $13,569,843Net Assets 2020: $3,726,4422020Assets 2021: $18,934,822Liabilities 2021: $13,849,505Net Assets 2021: $5,085,3172021Assets 2022: $18,997,823Liabilities 2022: $13,886,208Net Assets 2022: $5,111,6152022Assets 2023: $24,657,696Liabilities 2023: $18,888,162Net Assets 2023: $5,769,5342023Assets 2024: $27,862,860Liabilities 2024: $16,125,320Net Assets 2024: $11,737,5402024Assets 2025: $35,121,679Liabilities 2025: $15,061,350Net Assets 2025: $20,060,3292025

Highlighted filing

2018

Assets$15,779,950
Liabilities$12,244,193
Net Assets$3,535,757

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2013: $136,018Expenses 2013: $72,865Net Income 2013: $63,1532013Revenue 2014: $142,160Expenses 2014: $87,421Net Income 2014: $54,7392014Revenue 2015: $5,771,493Expenses 2015: $3,955,832Net Income 2015: $1,815,6612015Revenue 2016: $7,302,581Expenses 2016: $5,331,785Net Income 2016: $1,970,7962016Revenue 2017: $6,386,444Expenses 2017: $6,834,867Net Income 2017: -$448,4232017Revenue 2018: $7,447,810Expenses 2018: $7,343,196Net Income 2018: $104,6142018Revenue 2019: $8,773,078Expenses 2019: $8,255,451Net Income 2019: $517,6272019Revenue 2020: $9,422,943Expenses 2020: $9,749,885Net Income 2020: -$326,9422020Revenue 2021: $11,348,636Expenses 2021: $9,989,761Net Income 2021: $1,358,8752021Revenue 2022: $10,930,191Expenses 2022: $10,903,893Net Income 2022: $26,2982022Revenue 2023: $14,047,996Expenses 2023: $13,390,077Net Income 2023: $657,9192023Revenue 2024: $20,570,624Expenses 2024: $14,602,618Net Income 2024: $5,968,0062024Revenue 2025: $22,729,812Expenses 2025: $14,407,023Net Income 2025: $8,322,7892025

Highlighted filing

2018

Revenue$7,447,810
Expenses$7,343,196
Net Income$104,614
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$7,447,810
Mission and Program Overview

Mission

To be a nationally regarded k-12 classical school and serve as a local and national incubator for the growth and promotion of classical education.

To develop students in mind and character through a classical, content-rich curriculum that emphasizes the principles of virtuous living, traditional learning, and civic responsibility. To be a nationally regarded k-12 classical school and serve as a local and national incubator for the growth and promotion of classical education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,239,454$10,086,448▼ $153,006
Cash and Non-Interest-Bearing Accounts$1,691,348$2,851,118▲ $1,159,770
Prepaid Expenses and Deferred Charges$14,564$12,272▼ $2,292
Accounts Receivable-$2,731-
Total Assets$15,471,921$15,779,950▲ $308,029
Other Assets Total$3,526,555$2,827,381▼ $699,174
Liabilities
Other Liabilities$11,940,943$11,857,750▼ $83,193
Accounts Payable and Accrued Expenses$99,844$386,443▲ $286,599
Total Liabilities$12,040,787$12,244,193▲ $203,406
Net Assets / Fund Balance
Unrestricted Net Assets$3,431,134$3,535,757▲ $104,623
Total Net Assets Fund Balance$3,431,134$3,535,757▲ $104,623
Total Liabilities and Net Assets / Fund Balance$15,471,921$15,779,950▲ $308,029

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,362,000$925,588$8,287,588
Land$2,298,907-$2,298,907
Equipment$366,464$434,286$800,750
Other Land Buildings$59,077$39,408$98,485
Other Assets Org$2,827,381--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen LambertPrincipalFT$115,762$18,283$134,045
Matthew KirbyChairmanPT$39,450$6,761$46,211
Karen EvansBoard Member-$37,736-$37,736

Board Members and Trustees

NameTitle
Cat McafeeBoard Member
Jami MurphyCFO
Joe SantiferSecretary
Sean BarryTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Teachers Retirement System Of GaRetirement PlanTWO NORTHSIDE 75 SUITE 100, Atlanta, GA 30318$568,432
Bcbs Of GeorgiaHealth Ins.PO BOX 4445, Atlanta, GA 30302$562,578
Atlantic Capital BankLoan Finance3280 PEACHTREE RD NE 1600, Atlanta, GA 30305$381,318
Mobile ModularNew Hs BuildingPO BOX 45043, San Francisco, CA 94145$192,263
Revenue and Support

Revenue Composition

Contributions and Grants
$7,447,810
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,051,306
Change in Net Assets
$104,614

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded3$86,784
Total Noncash Contributions3$86,784

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,447,810
Total Revenue per Audited Statements
$7,447,810
Total Revenue per Form 990
$7,447,810
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,174,725
Other Expenses$2,168,471
Total Fundraising Expense$48,249
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,213,557$137,284$3,434$2,354,275
Pension Plan Contributions$1,476,483$12,806$225$1,489,514
Other Employee Benefits$546,656$164,029$2,886$713,571
Depreciation Depletion$524,615$58,291-$582,906
Payroll Taxes$316,702$105,852$1,863$424,417
Interest$286,019$31,780-$317,799
All Other Expenses$190,381$47,897$39,316$277,594
Current Officers, Directors, Trustees, and Key Employees$135,067$57,881-$192,948
Occupancy$101,406$11,267-$112,673
Other Expenses$80,804$28,061$525$108,865
Insurance$88,054$6,370-$94,424
Fees for Services Other-$54,647-$54,647
Travel$22,412--$22,412
Fees for Services Accounting-$15,406-$15,406
Fees for Services Legal-$5,819-$5,819
Advertising-$3,170-$3,170
Total Functional Expenses$6,524,526$770,421$48,249$7,343,196

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,343,196
Total Expenses per Audited Statements$7,343,196
Total Expenses per Form 990$7,343,196
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
Noncurrent Notes Payable$6,981,749
Pension Payable$4,586,296
Current Notes Payable$240,836
Deferred Pension Inflows$48,869
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Line 11B

Finance committee reviews and approves, it is then sent to the board for review and approval.

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

Policies are reviewed every year.

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

In cooperation with international search firm carney sandoe (based in boston), dr. Brian carpenter (educational consultant) and also comparing comp packages with local public school principals, the board developed the principal's compensation package.

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

Compared to industry standards using a normal search with broad benchmarks and subject to the board's aprroval.

Form 990, Page 6, Part VI, Line 19

Governing documents are available via the school website.

Form 990, Part VII

Matthew kirby, board chairman, was compensated by the school for serving on an interim basis in the role of chief executive officer. Karen evans, board member, earned her compensation from the shcool while serving as an employee. Matthew kirby and karen evans were not compensated for any work associated with being on the board of directors.

Filing and Contact Details

Filer

Filer Name
Northside Education Inc
EIN
45-4342063
Phone
4043693500
Address
3260 NORTHSIDE DRIVE, ATLANTA, GA 30305
Doing Business As
Atlanta Classical Academy

Signing Officer

Name
Jami Murphy
Title
CFO
Phone
4049396289
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Knowles
Formed
2012
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
5
Employees
89
Volunteers
50

Preparer

Firm
Brooks Mcginnis & Company LLC
Address
5607 GLENRIDGE DR STE 650, ATLANTA, GA 30342-4959
Preparer
Steven E Trumbo
Phone
4045314940
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To develop students in mind and character through a classical, content-rich curriculum that emphasizes the principles of virtuous living, traditional learning, and civic responsibility. To be a nationally regarded k-12 classical school and serve as a local and national incubator for the growth and promotion of classical education.

Form 990, Part X

The pension numbers reported on the balance sheet and schedule d are based on gasb reporting standards.

Form 990, Part XI, Line 9

ROUNDING 9

Financial Statement Notes

Schedule D, Page 4, Part XIII

On august 31, 2012, the school received notification of its exempt status under internal revenue code section 501(c)(3). Accordingly, no provision or benefit for federal and state income taxes has been recorded in the accompanying financial statements. The school believes that it has appropriate support for any tax positions taken, and as such does not have any uncertain tax positions that are material to the financial statements. With few exceptions, the school is subject to income tax examinations by federal, state, or local tax authorities for the previous three years.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ON AUGUST 31, 2012, THE SCHOOL RECEIVED NOTIFICATION OF ITS EXEMPT STATUS UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION OR BENEFIT FOR FEDERAL AND STATE INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE SCHOOL IS SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR THE PREVIOUS THREE YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XIII
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE RACIALLY NONDISCRIMINATORY POLICY IS PRINTED ON THE SCHOOL'S MARKETING MATERIALS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO DEVELOP STUDENTS IN MIND AND CHARACTER THROUGH A CLASSICAL, CONTENT-RICH CURRICULUM THAT EMPHASIZES THE PRINCIPLES OF VIRTUOUS LIVING, TRADITIONAL LEARNING, AND CIVIC RESPONSIBILITY. TO BE A NATIONALLY REGARDED K-12 CLASSICAL SCHOOL AND SERVE AS A LOCAL AND NATIONAL INCUBATOR FOR THE GROWTH AND PROMOTION OF CLASSICAL EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FINANCE COMMITTEE REVIEWS AND APPROVES, IT IS THEN SENT TO THE BOARD FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2POLICIES ARE REVIEWED EVERY YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN COOPERATION WITH INTERNATIONAL SEARCH FIRM CARNEY SANDOE (BASED IN BOSTON), DR. BRIAN CARPENTER (EDUCATIONAL CONSULTANT) AND ALSO COMPARING COMP PACKAGES WITH LOCAL PUBLIC SCHOOL PRINCIPALS, THE BOARD DEVELOPED THE PRINCIPAL'S COMPENSATION PACKAGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPARED TO INDUSTRY STANDARDS USING A NORMAL SEARCH WITH BROAD BENCHMARKS AND SUBJECT TO THE BOARD'S APRROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE VIA THE SCHOOL WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MATTHEW KIRBY, BOARD CHAIRMAN, WAS COMPENSATED BY THE SCHOOL FOR SERVING ON AN INTERIM BASIS IN THE ROLE OF CHIEF EXECUTIVE OFFICER. KAREN EVANS, BOARD MEMBER, EARNED HER COMPENSATION FROM THE SHCOOL WHILE SERVING AS AN EMPLOYEE. MATTHEW KIRBY AND KAREN EVANS WERE NOT COMPENSATED FOR ANY WORK ASSOCIATED WITH BEING ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE PENSION NUMBERS REPORTED ON THE BALANCE SHEET AND SCHEDULE D ARE BASED ON GASB REPORTING STANDARDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ROUNDING 9
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 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART X
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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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.$35.1$15.1$20.1$22.7$14.4$8.32
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.9$16.1$11.7$20.6$14.6$5.97
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.7$18.9$5.77$14.0$13.4$0.66
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.0$13.9$5.11$10.9$10.9$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.9$13.8$5.09$11.3$9.99$1.36
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.3$13.6$3.73$9.42$9.75$0.33
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$12.2$4.05$8.77$8.26$0.52
2018Detailed filing. Detailed filing data is available for this year.$15.8$12.2$3.54$7.45$7.34$0.10
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.5$12.0$3.43$6.39$6.83$0.45
2016Detailed filing. Detailed filing data is available for this year.$15.1$11.2$3.88$7.30$5.33$1.97
2015Detailed filing. Detailed filing data is available for this year.$1.99$0.08$1.91$5.77$3.96$1.82
2014Detailed filing. Detailed filing data is available for this year.$0.12$0.12$0.14$0.09$0.05
2013Summary only. Only limited summary data is available for this year.$0.06$0.00$0.14$0.07$0.06
Peer Organizations

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