Civic Intelligence

Northside Education Inc.

990 • Fiscal year 2019 • EIN 45-4342063

Jul 01, 2018 to Jun 30, 2019 • Filed on Jun 04, 2020

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

84th percentile

0.75x

Higher debt load relative to assets than 84% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

1.39x

Higher debt load relative to revenue than 84% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

59th percentile

5.9%

Higher net margin than 59% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

16th percentile

$69,546

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

47th percentile

2.8%

Faster asset growth than 47% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

77th percentile

18%

Faster revenue growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$16,219,662

Up $439,712 (+2.8%) from 2018

Net Assets

Up

$4,053,384

Up $517,627 (+15%) from 2018

Liabilities

Down

$12,166,278

Down $77,915 (-0.6%) from 2018

Revenue

Up

$8,773,078

Up $1,325,268 (+18%) from 2018

Expenses

Up

$8,255,451

Up $912,255 (+12%) from 2018

Net Income

Up

$517,627

Up $413,013 (+395%) from 2018

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

2019

Assets$16,219,662
Liabilities$12,166,278
Net Assets$4,053,384

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

2019

Revenue$8,773,078
Expenses$8,255,451
Net Income$517,627
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jun 4, 2020
Return Version
2018v3.2
Gross Receipts
$8,773,078
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$10,086,448$10,302,803▲ $216,355
Cash and Non-Interest-Bearing Accounts$2,851,118$3,539,224▲ $688,106
Prepaid Expenses and Deferred Charges$12,272$24,953▲ $12,681
Accounts Receivable$2,731$19,312▲ $16,581
Total Assets$15,779,950$16,219,662▲ $439,712
Other Assets Total$2,827,381$2,333,370▼ $494,011
Liabilities
Other Liabilities$11,857,750$11,698,277▼ $159,473
Accounts Payable and Accrued Expenses$386,443$468,001▲ $81,558
Total Liabilities$12,244,193$12,166,278▼ $77,915
Net Assets / Fund Balance
Unrestricted Net Assets$3,535,757$4,053,384▲ $517,627
Total Net Assets Fund Balance$3,535,757$4,053,384▲ $517,627
Total Liabilities and Net Assets / Fund Balance$15,779,950$16,219,662▲ $439,712

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,557,526$1,423,447$8,980,973
Land$2,298,907-$2,298,907
Equipment$369,860$581,518$951,378
Other Land Buildings$76,510$51,891$128,401
Other Assets Org$2,333,370--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christopher KnowlesPrincipalFT$59,049$10,497$69,546
Karen EvansBoard Member-$16,500-$16,500

Board Members and Trustees

NameTitle
Matthew KirbyBoard Chair
Joe SantiferBoard Member
Leo SmithBoard Member
Cat McafeeBoard Vice C
Sean BarryTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Teachers Retirement System Of GaRetirement PlanTWO NORTHSIDE 75 SUITE 100, Atlanta, GA 30318$857,322
Bcbs Of GeorgiaHealth Ins.PO BOX 4445, Atlanta, GA 30302$483,095
Atlantic Capital BankLoan Finance3280 PEACHTREE RD NE 1600, Atlanta, GA 30305$429,861
Brandon Construction INCBuilding Work27 SAUNDERS STREET NE, Atlanta, GA 30317$408,253
Daikin Applied Americas INCHvac Equipment1765 W OAK PKWY, Marietta, GA 30062$167,986
Revenue and Support

Revenue Composition

Contributions and Grants
$8,773,078
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,122,266
Change in Net Assets
$517,627

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,773,078
Total Revenue per Audited Statements
$8,773,078
Total Revenue per Form 990
$8,773,078
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,493,175
Other Expenses$2,762,276
Total Fundraising Expense$14,420
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,326,389$238,827$5,322$3,570,538
Pension Plan Contributions$1,257,758--$1,257,758
Depreciation Depletion$591,818$65,758-$657,576
Other Employee Benefits$309,873$172,128$3,029$485,030
Interest$277,443$30,827-$308,270
All Other Expenses$250,773$47,780$5,159$303,712
Other Expenses$191,661$107,800$589$191,661
Current Officers, Directors, Trustees, and Key Employees$63,616$63,616-$127,232
Occupancy$109,158$12,129-$121,287
Insurance$80,624$1,797-$82,421
Payroll Taxes$34,065$18,231$321$52,617
Fees for Services Accounting-$17,098-$17,098
Fees for Services Legal-$15,832-$15,832
Travel$9,467--$9,467
Fees for Services Other-$4,430-$4,430
Advertising-$3,371-$3,371
Total Functional Expenses$7,407,928$833,103$14,420$8,255,451

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,255,451
Total Expenses per Audited Statements$8,255,451
Total Expenses per Form 990$8,255,451
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$6,727,544
Pension Payable$4,581,694
Current Notes Payable$254,324
Deferred Pension Inflows$134,715
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

Board members shall keep on file and update at least annually the coi disclosure forms as required by aps and gdoe.

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

Karen evans, board member, earned her compensation from the school while serving as an employee. Karen evans was 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
Sean Barry
Title
Treasurer
Phone
4049396289
Signed
2020-06-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Knowles
Formed
2012
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
6
Employees
86
Volunteers
40

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.

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/EquipmentGrp/BookValueAmt0369860
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0581518
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0951378
IRS990ScheduleD/ExpensesSubtotalAmt08255451
IRS990ScheduleD/LandGrp/BookValueAmt02298907
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02298907
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02333370
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PENSION CONTRIBUTIONS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NONCURRENT NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CURRENT NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED PENSION INFLOWS
IRS990ScheduleD/RevenueSubtotalAmt08773078
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/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
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IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE RACIALLY NONDISCRIMINATORY POLICY IS PRINTED ON THE SCHOOL'S MARKETING MATERIALS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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/ExplanationTxt2BOARD MEMBERS SHALL KEEP ON FILE AND UPDATE AT LEAST ANNUALLY THE COI DISCLOSURE FORMS AS REQUIRED BY APS AND GDOE.
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/ExplanationTxt6KAREN EVANS, BOARD MEMBER, EARNED HER COMPENSATION FROM THE SCHOOL WHILE SERVING AS AN EMPLOYEE. KAREN EVANS WAS 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/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
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2019Detailed filing. Detailed filing data is available for this year.$16.2$12.2$4.05$8.77$8.26$0.52
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$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