Civic Intelligence

Gracepoint School Inc.

990 • Fiscal year 2023 • EIN 45-4397361

Jul 01, 2022 to Jun 30, 2023 • Filed on May 03, 2024

Organization ProfileN/A

View Organization Page

1407 Cobb Pkwy NMarietta, GA 30062

(678) 709-6634

Siviq Scores

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

Liabilities / Assets

77th percentile

0.45x

Higher debt load relative to assets than 77% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

77th percentile

0.61x

Higher debt load relative to revenue than 77% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

71st percentile

16%

Higher net margin than 71% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

26th percentile

$52,000

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

67th percentile

12%

Faster asset growth than 67% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

31st percentile

-4.7%

Faster revenue growth than 31% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$5,955,926

Up $658,323 (+12%) from 2022

Net Assets

Up

$3,258,156

Up $709,745 (+28%) from 2022

Liabilities

Down

$2,697,770

Down $51,422 (-1.9%) from 2022

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin71st percentile

Revenue

Down

$4,403,687

Down $217,562 (-4.7%) from 2022

Expenses

Up

$3,693,942

Up $344,497 (+10%) from 2022

Net Income

Down

$709,745

Down $562,059 (-44%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $41,804Liabilities 2012: $10,827Net Assets 2012: $30,9772012Assets 2013: $70,100Liabilities 2013: $1,902Net Assets 2013: $68,1982013Assets 2016: $166,777Liabilities 2016: $7,436Net Assets 2016: $159,3412016Assets 2017: $868,899Liabilities 2017: $462,853Net Assets 2017: $406,0462017Assets 2018: $1,190,684Liabilities 2018: $539,291Net Assets 2018: $651,3932018Assets 2019: $1,126,912Liabilities 2019: $466,614Net Assets 2019: $660,2982019Assets 2020: $1,568,864Liabilities 2020: $759,137Net Assets 2020: $809,7272020Assets 2021: $1,466,926Liabilities 2021: $190,319Net Assets 2021: $1,276,6072021Assets 2022: $5,297,603Liabilities 2022: $2,749,192Net Assets 2022: $2,548,4112022Assets 2023: $5,955,926Liabilities 2023: $2,697,770Net Assets 2023: $3,258,1562023Assets 2024: $6,457,344Liabilities 2024: $2,607,035Net Assets 2024: $3,850,3092024

Highlighted filing

2023

Assets$5,955,926
Liabilities$2,697,770
Net Assets$3,258,156
Open 2023 Filing

Operations Trend

Revenue Growth31st percentile

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

$6.0M$4.0M$2.0M$0Revenue 2012: $117,026Expenses 2012: $86,049Net Income 2012: $30,9772012Revenue 2013: $256,928Expenses 2013: $219,707Net Income 2013: $37,2212013Revenue 2016: $964,157Expenses 2016: $934,517Net Income 2016: $29,6402016Revenue 2017: $1,657,627Expenses 2017: $1,516,026Net Income 2017: $141,6012017Revenue 2018: $2,522,766Expenses 2018: $2,277,419Net Income 2018: $245,3472018Revenue 2019: $2,582,015Expenses 2019: $2,573,110Net Income 2019: $8,9052019Revenue 2020: $2,960,795Expenses 2020: $2,811,366Net Income 2020: $149,4292020Revenue 2021: $3,413,068Expenses 2021: $2,946,188Net Income 2021: $466,8802021Revenue 2022: $4,621,249Expenses 2022: $3,349,445Net Income 2022: $1,271,8042022Revenue 2023: $4,403,687Expenses 2023: $3,693,942Net Income 2023: $709,7452023Revenue 2024: $4,493,384Expenses 2024: $3,901,231Net Income 2024: $592,1532024

Highlighted filing

2023

Revenue$4,403,687
Expenses$3,693,942
Net Income$709,745
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 3, 2024
Return Version
2022v5.0
Gross Receipts
$4,403,687
Mission and Program Overview

Mission

Mission is to equip dyslexic students with the skills needed to develop into independent

To operate an accredited school for dyslexic students, equipping them with the skills needed to develop them into independent and confident learners through sequential, systematic multisensory instruction.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,219,601$4,182,335▼ $37,266
Cash and Non-Interest-Bearing Accounts$1,078,002$1,773,591▲ $695,589
Total Assets$5,297,603$5,955,926▲ $658,323
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,500,000$2,458,732▼ $41,268
Deferred Revenue$209,000$178,000▼ $31,000
Accounts Payable and Accrued Expenses$19,192$40,038▲ $20,846
Other Liabilities$21,000$21,000→ $0
Total Liabilities$2,749,192$2,697,770▼ $51,422
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,548,411$3,258,156▲ $709,745
Total Net Assets Fund Balance$2,548,411$3,258,156▲ $709,745
Total Liabilities and Net Assets / Fund Balance$5,297,603$5,955,926▲ $658,323

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,653,423-$3,653,423
Leasehold Improvements$441,102$302,546$743,648
Equipment$87,810$560,079$647,889
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Liz PowellDirectorFT$52,000$52,000

Board Members and Trustees

NameTitle
Owen PrillamanChairman
Angie StrackDirector
Austin MannDirector
Bob StricklandDirector
Brenda FitzgeraldDirector
Brian KennerlyDirector
Brian StrackDirector
Chris HansonDirector
Deborah DavisDirector
Donna DownsDirector
John CrooksDirector
Molly HolmDirector
Ron KingDirector
Ryan IngramDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$942,874
Program Service Revenue
$3,317,558
Investment Income
$17,255
Other Revenue
$126,000
Change in Net Assets
$709,745

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,403,687
Total Revenue per Audited Statements
$4,403,687
Total Revenue per Form 990
$4,403,687
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,910,800
Other Expenses$783,142
Total Fundraising Expense$12,338
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,677,935$232,865-$2,910,800
Other Expenses$336,752$25,802-$362,554
Occupancy$134,300$11,678-$145,978
Depreciation Depletion$106,144$9,230-$115,374
Advertising$53,563-$12,338$65,901
Interest$57,391$4,991-$62,382
Fees for Services Accounting$10,097$878-$10,975
Total Functional Expenses$3,394,562$287,042$12,338$3,693,942

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,693,942
Total Expenses per Audited Statements$3,693,942
Total Expenses per Form 990$3,693,942
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
Annual Fund----
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit$21,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
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 governing body review Part VI line 11

“N/A”

Governing documents etc available to public Part VI line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Gracepoint School Inc
EIN
45-4397361
Address
1407 COBB PKWY N, MARIETTA, GA 30062

Signing Officer

Name
Ron King
Title
Director
Phone
6787096634
Signed
2024-05-03
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
Ga
Voting Board Members
15
Independent Board Members
15
Employees
59
Volunteers
100

Preparer

Firm
Apek LLC
Address
2550 HERITAGE COURT SUITE 200, ATLANTA, GA 30339
Preparer
Bret Tyler
Phone
7709554303
Supplemental Narrative

Additional Explanations

Amended return information

“CHANGE OF ADDRESS”

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IRS990/NetAssetsOrFundBalancesBOYAmt02548411
IRS990/NetAssetsOrFundBalancesEOYAmt03258156
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0126000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0126000
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02548411
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03258156
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt011678
IRS990/OccupancyGrp/ProgramServicesAmt0134300
IRS990/OccupancyGrp/TotalAmt0145978
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1OTHER OPERATING EXP
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01598
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt125802
IRS990/OtherExpensesGrp/ProgramServicesAmt018380
IRS990/OtherExpensesGrp/ProgramServicesAmt1336752
IRS990/OtherExpensesGrp/TotalAmt019978
IRS990/OtherExpensesGrp/TotalAmt1362554
IRS990/OtherLiabilitiesGrp/BOYAmt021000
IRS990/OtherLiabilitiesGrp/EOYAmt021000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0232865
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02677935
IRS990/OtherSalariesAndWagesGrp/TotalAmt02910800
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03317558
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03317558
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01508875
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0322
IRS990/PYOtherExpensesAmt0693946
IRS990/PYOtherRevenueAmt027650
IRS990/PYProgramServiceRevenueAmt03084402
IRS990/PYRevenuesLessExpensesAmt01271804
IRS990/PYSalariesCompEmpBnftPaidAmt02655499
IRS990/PYTotalExpensesAmt03349445
IRS990/PYTotalRevenueAmt04621249
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0709745
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0126000
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03317558
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt03653423
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03653423
IRS990ScheduleD/EquipmentGrp/BookValueAmt087810
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0560079
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0647889
IRS990ScheduleD/ExpensesSubtotalAmt03693942
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0441102
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0302546
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0743648
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/RevenueSubtotalAmt04403687
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04182335
IRS990ScheduleD/TotalExpensesPerForm990Amt03693942
IRS990ScheduleD/TotalLiabilityAmt021000
IRS990ScheduleD/TotalRevenuePerForm990Amt04403687
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04403687
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03693942
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL FUND
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHANGE OF ADDRESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05297603
IRS990/TotalAssetsEOYAmt05955926
IRS990/TotalAssetsGrp/BOYAmt05297603
IRS990/TotalAssetsGrp/EOYAmt05955926
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0942874
IRS990/TotalEmployeeCnt059
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012338
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0287042
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03394562
IRS990/TotalFunctionalExpensesGrp/TotalAmt03693942
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02749192
IRS990/TotalLiabilitiesEOYAmt02697770
IRS990/TotalLiabilitiesGrp/BOYAmt02749192
IRS990/TotalLiabilitiesGrp/EOYAmt02697770
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02548411
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03258156
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03394562
IRS990/TotalProgramServiceRevenueAmt03317558
IRS990/TotalReportableCompFromOrgAmt052000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03460813
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04403687
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05297603
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05955926
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,955,926
Liabilities
$2,697,770
Net assets
$3,258,156
Revenue
$4,403,687
Expenses
$3,693,942
Net income
$709,745
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.46$2.61$3.85$4.49$3.90$0.59
2023Detailed filing. Detailed filing data is available for this year.$5.96$2.70$3.26$4.40$3.69$0.71
2022Detailed filing. Detailed filing data is available for this year.$5.30$2.75$2.55$4.62$3.35$1.27
2021Detailed filing. Detailed filing data is available for this year.$1.47$0.19$1.28$3.41$2.95$0.47
2020Detailed filing. Detailed filing data is available for this year.$1.57$0.76$0.81$2.96$2.81$0.15
2019Detailed filing. Detailed filing data is available for this year.$1.13$0.47$0.66$2.58$2.57$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.19$0.54$0.65$2.52$2.28$0.25
2017Detailed filing. Detailed filing data is available for this year.$0.87$0.46$0.41$1.66$1.52$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.17$0.01$0.16$0.96$0.93$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.26$0.22$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.01$0.03$0.12$0.09$0.03