Civic Intelligence

Edgarton Academy Inc.

990 • Fiscal year 2022 • EIN 45-4548896

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 26, 2023

Post Office Box 646Newfield, NJ 08344

(856) 697-7300

Siviq Scores

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

Liabilities / Assets

44th percentile

0.05x

Higher debt load relative to assets than 44% of similar nonprofits.

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

Liabilities / Revenue

40th percentile

0.04x

Higher debt load relative to revenue than 40% of similar nonprofits.

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

Net Margin

40th percentile

3.5%

Higher net margin than 40% of similar nonprofits.

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

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

55th percentile

4.2%

Faster asset growth than 55% of similar nonprofits.

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

Revenue Growth

57th percentile

14%

Faster revenue growth than 57% of similar nonprofits.

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

Assets

Up

$2,050,209

Up $82,810 (+4.2%) from 2021

Net Assets

Up

$1,949,188

Up $88,153 (+4.7%) from 2021

Liabilities

Down

$101,021

Down $5,343 (-5.0%) from 2021

Revenue

Up

$2,533,173

Up $307,159 (+14%) from 2021

Expenses

Up

$2,445,020

Up $482,168 (+25%) from 2021

Net Income

Down

$88,153

Down $175,009 (-67%) from 2021

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$0Assets 2012: $194,425Liabilities 2012: $9,601Net Assets 2012: $184,8242012Assets 2013: $419,106Liabilities 2013: $15,488Net Assets 2013: $403,6182013Assets 2014: $637,001Liabilities 2014: $24,389Net Assets 2014: $612,6122014Assets 2015: $925,404Liabilities 2015: $13,076Net Assets 2015: $912,3282015Assets 2016: $1,039,600Liabilities 2016: $22,693Net Assets 2016: $1,016,9072016Assets 2017: $1,170,988Liabilities 2017: $43,863Net Assets 2017: $1,127,1252017Assets 2018: $1,310,157Liabilities 2018: $67,470Net Assets 2018: $1,242,6872018Assets 2019: $1,489,431Liabilities 2019: $64,869Net Assets 2019: $1,424,5622019Assets 2020: $1,663,602Liabilities 2020: $65,729Net Assets 2020: $1,597,8732020Assets 2021: $1,967,399Liabilities 2021: $106,364Net Assets 2021: $1,861,0352021Assets 2022: $2,050,209Liabilities 2022: $101,021Net Assets 2022: $1,949,1882022Assets 2023: $2,331,738Liabilities 2023: $267,434Net Assets 2023: $2,064,3042023Assets 2024: $2,572,456Liabilities 2024: $273,545Net Assets 2024: $2,298,9112024

Highlighted filing

2022

Assets$2,050,209
Liabilities$101,021
Net Assets$1,949,188

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2012: $210,407Expenses 2012: $25,583Net Income 2012: $184,8242012Revenue 2013: $1,348,025Expenses 2013: $1,129,231Net Income 2013: $218,7942013Revenue 2014: $1,524,532Expenses 2014: $1,315,538Net Income 2014: $208,9942014Revenue 2015: $1,816,052Expenses 2015: $1,516,336Net Income 2015: $299,7162015Revenue 2016: $1,777,750Expenses 2016: $1,673,171Net Income 2016: $104,5792016Revenue 2017: $1,891,208Expenses 2017: $1,780,990Net Income 2017: $110,2182017Revenue 2018: $1,885,637Expenses 2018: $1,770,075Net Income 2018: $115,5622018Revenue 2019: $2,025,536Expenses 2019: $1,843,661Net Income 2019: $181,8752019Revenue 2020: $1,943,536Expenses 2020: $1,770,225Net Income 2020: $173,3112020Revenue 2021: $2,226,014Expenses 2021: $1,962,852Net Income 2021: $263,1622021Revenue 2022: $2,533,173Expenses 2022: $2,445,020Net Income 2022: $88,1532022Revenue 2023: $2,773,748Expenses 2023: $2,658,632Net Income 2023: $115,1162023Revenue 2024: $2,871,697Expenses 2024: $2,637,090Net Income 2024: $234,6072024

Highlighted filing

2022

Revenue$2,533,173
Expenses$2,445,020
Net Income$88,153
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 26, 2023
Return Version
2021v4.1
Gross Receipts
$2,533,173
Mission and Program Overview

Mission

Edgarton Christian Academy, a PK through 8th grade elementary school, is committed to working in partnership with our families to ensure that our children are educated in a safe environment where they can explore learning, grow in their faith, and develop strength of character. Through the promotion of a rigorous and relevant curriculum, the modeling of Christian living and our commitment to service, our graduates are imbued with the skills and values needed to assure lifelong academic and personal success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,520,183$1,549,925▲ $29,742
Land, Buildings, and Equipment, Net$427,108$455,704▲ $28,596
Prepaid Expenses and Deferred Charges$6,582$32,480▲ $25,898
Accounts Receivable$5,526$1,100▼ $4,426
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,967,399$2,050,209▲ $82,810
Other Assets Total$8,000$11,000▲ $3,000
Liabilities
Other Liabilities$38,138$46,341▲ $8,203
Deferred Revenue$44,049$33,100▼ $10,949
Accounts Payable and Accrued Expenses$24,177$21,580▼ $2,597
Total Liabilities$106,364$101,021▼ $5,343
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,832,005$1,889,533▲ $57,528
Net Assets With Donor Restrictions$29,030$59,655▲ $30,625
Total Net Assets Fund Balance$1,861,035$1,949,188▲ $88,153
Total Liabilities and Net Assets / Fund Balance$1,967,399$2,050,209▲ $82,810

Asset Categories

AssetBook ValueDepreciationBasis
Land$185,086--
Equipment$60,804$311,889-
Leasehold Improvements$209,814$86,273-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Leo HagertyPresident
Ken SavelaVice President
Jackie LeoTrustee
Kathleen VallaTrustee
Teri GodlewskiSecretary
John SabellaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$73,457
Program Service Revenue
$2,244,589
Investment Income
$0
Other Revenue
$215,127
All Other Contributions
$73,457
Change in Net Assets
$88,153

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,533,173
Total Revenue per Audited Statements
$2,533,173
Total Revenue per Form 990
$2,533,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,799,749
Other Expenses$645,271
Total Fundraising Expense$64,354
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,282,885$288,638-$1,571,523
All Other Expenses$96,290$21,439$62,883$180,612
Payroll Taxes$113,033$25,431-$138,464
Other Employee Benefits$73,276$16,486-$89,762
Occupancy-$59,349-$59,349
Other Expenses$63,512$57,943-$57,943
Insurance$18,524$35,617$1,471$55,612
Depreciation Depletion-$41,011-$41,011
Office Expenses-$27,634-$27,634
Advertising-$8,498-$8,498
Total Functional Expenses$1,647,520$733,146$64,354$2,445,020

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,445,020
Total Expenses per Audited Statements$2,445,020
Total Expenses per Form 990$2,445,020
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$185,657
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Various Fundraising$185,657$185,657-$185,657
Total Events$185,657$185,657-$185,657
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$38,263
Restricted Class Monies$8,078
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Prepared form 990 is given to the treasurer for comparison to organization's records. If in agreement with prepared form 990, the appropriate signing officers sign and file.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Information may be requested by contacting the organization via telephone or through its website.

Filing and Contact Details

Filer

Filer Name
Edgarton Academy Inc
EIN
45-4548896
Phone
8566977300
Address
POST OFFICE BOX 646, NEWFIELD, NJ 08344

Signing Officer

Name
John Sabella
Title
Treasurer
Signed
2023-01-26
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
6
Employees
90
Volunteers
65

Preparer

Firm
Ford Scott & Associates LLC
Address
1535 Haven Avenue, Ocean City, NJ 08226
Preparer
John A Sabella CPA
Phone
6093996333
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IRS990/OtherRevenueTotalAmt029470
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0288638
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01282885
IRS990/OtherSalariesAndWagesGrp/TotalAmt01571523
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt025431
IRS990/PayrollTaxesGrp/ProgramServicesAmt0113033
IRS990/PayrollTaxesGrp/TotalAmt0138464
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06582
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt032480
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICE
IRS990/ProgramServiceRevenueGrp/Desc1TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt055166
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12189423
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt055166
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12189423
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt045054
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt07894
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0486054
IRS990/PYOtherRevenueAmt0222593
IRS990/PYProgramServiceRevenueAmt01950473
IRS990/PYRevenuesLessExpensesAmt0263162
IRS990/PYSalariesCompEmpBnftPaidAmt01476798
IRS990/PYTotalExpensesAmt01962852
IRS990/PYTotalRevenueAmt02226014
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt088153
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01520183
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01549925
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/EquipmentGrp/BookValueAmt060804
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0311889
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0372693
IRS990ScheduleD/ExpensesSubtotalAmt02445020
IRS990ScheduleD/LandGrp/BookValueAmt0185086
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0185086
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0209814
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt086273
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0296087
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt038263
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18078
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESTRICTED CLASS MONIES
IRS990ScheduleD/RevenueSubtotalAmt02533173
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0455704
IRS990ScheduleD/TotalExpensesPerForm990Amt02445020
IRS990ScheduleD/TotalLiabilityAmt046341
IRS990ScheduleD/TotalRevenuePerForm990Amt02533173
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02533173
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02445020
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
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PUBLISHED IN THE LOCAL NEWSPAPER
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0VARIOUS FUNDRAISING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0185657
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0185657
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0185657
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0185657
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0185657
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PREPARED FORM 990 IS GIVEN TO THE TREASURER FOR COMPARISON TO ORGANIZATION'S RECORDS. IF IN AGREEMENT WITH PREPARED FORM 990, THE APPROPRIATE SIGNING OFFICERS SIGN AND FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INFORMATION MAY BE REQUESTED BY CONTACTING THE ORGANIZATION VIA TELEPHONE OR THROUGH ITS WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01967399
IRS990/TotalAssetsEOYAmt02050209
IRS990/TotalAssetsGrp/BOYAmt01967399
IRS990/TotalAssetsGrp/EOYAmt02050209
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt073457
IRS990/TotalEmployeeCnt090
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt064354
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0733146
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01647520
IRS990/TotalFunctionalExpensesGrp/TotalAmt02445020
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0106364
IRS990/TotalLiabilitiesEOYAmt0101021
IRS990/TotalLiabilitiesGrp/BOYAmt0106364
IRS990/TotalLiabilitiesGrp/EOYAmt0101021
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01861035
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01949188
IRS990/TotalProgramServiceExpensesAmt01647520
IRS990/TotalProgramServiceRevenueAmt02244589
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02274059
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02533173
IRS990/TotalVolunteersCnt065
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01967399
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02050209
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0POST OFFICE BOX 646
IRS990/USAddress/CityNm0NEWFIELD

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