Civic Intelligence

Heart to Home Learning Inc

990 • Fiscal year 2022 • EIN 45-4766934

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 29, 2023

3614 J Dewey Gray CirAugusta, GA 30909

(706) 755-0736

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

15th percentile

-30%

Higher net margin than 15% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

88th percentile

$31,490

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 12.8% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

5th percentile

-81%

Faster asset growth than 5% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

22nd percentile

-23%

Faster revenue growth than 22% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$17,701

Down $73,936 (-81%) from 2021

Net Assets

Down

$17,701

Down $73,936 (-81%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$245,444

Down $72,808 (-23%) from 2021

Expenses

Up

$318,882

Up $35,967 (+13%) from 2021

Net Income

Down

-$73,438

Down $108,775 (-308%) from 2021

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2016: $30,519Liabilities 2016: $02016Assets 2017: $6,053Liabilities 2017: $02017Assets 2018: $13,197Liabilities 2018: $0Net Assets 2018: $13,1972018Assets 2019: $55,993Liabilities 2019: $0Net Assets 2019: $55,9932019Assets 2020: $56,300Liabilities 2020: $0Net Assets 2020: $56,3002020Assets 2021: $91,637Liabilities 2021: $0Net Assets 2021: $91,6372021Assets 2022: $17,701Liabilities 2022: $0Net Assets 2022: $17,7012022Assets 2023: $1,589Liabilities 2023: $0Net Assets 2023: $1,5892023Assets 2024: $7,355Liabilities 2024: $0Net Assets 2024: $7,3552024

Highlighted filing

2022

Assets$17,701
Liabilities$0
Net Assets$17,701

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2016: $146,659Expenses 2016: $136,800Net Income 2016: $9,8592016Revenue 2017: $191,795Expenses 2017: $215,965Net Income 2017: -$24,1702017Revenue 2018: $258,814Expenses 2018: $240,960Net Income 2018: $17,8542018Revenue 2019: $312,299Expenses 2019: $269,503Net Income 2019: $42,7962019Revenue 2020: $298,236Expenses 2020: $293,717Net Income 2020: $4,5192020Revenue 2021: $318,252Expenses 2021: $282,915Net Income 2021: $35,3372021Revenue 2022: $245,444Expenses 2022: $318,882Net Income 2022: -$73,4382022Revenue 2023: $253,628Expenses 2023: $269,740Net Income 2023: -$16,1122023Revenue 2024: $189,666Expenses 2024: $183,900Net Income 2024: $5,7662024

Highlighted filing

2022

Revenue$245,444
Expenses$318,882
Net Income-$73,438
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 29, 2023
Return Version
2022v5.0
Gross Receipts
$245,444
Mission and Program Overview

Mission

Thrive Academy is the fully accredited non-traditional private school of Heart to Home Learning, Inc. Our school offers a fully accredited, educational program which includes classes, tutoring, individualized lessons, online learning facilitation and support, electives, lesson plans, record keeping, and standardized testing for students who are educated at home. With the 60/40 rule, students attend our center for 3 full days then 2 days of instruction is completed at home.

Thrive Academy is the fully accredited non-traditional private school of Heart to Home Learning, Inc. Our school offers a fully accredited, educational program that includes classes, tutoring, individualized lessons, online learning facilitation and support, electives, lesson plans, record keeping, and standardized testing for students who are educated at home. With the 60/40 rule, students attend our center for 3 full days while 2 days of instruction are completed at home. Thrive currently support approximately 100, K-12 school-age children, with a faculty of 15 and a governing board of 6.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$91,637$17,701▼ $73,936
Rtn Earn Endowment Incm Other Fnds$91,637$17,701▼ $73,936
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$91,637$17,701▼ $73,936
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$91,637$17,701▼ $73,936
Total Liabilities and Net Assets / Fund Balance$91,637$17,701▼ $73,936
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jamie HalbertChief Executive OfficerPT$31,490$31,490
Stephanie BakerChief Operations OfficerPT$19,139$19,139
Michael OrrChief Financial OfficerPT$8,050$8,050

Board Members and Trustees

NameTitle
JD HalbertChairman of the Board
Rosanne MasonBoard Member
Kathleen ByrdBoard Secretary
Demetrius PassmoreBusiness Development Director
Elizabeth VickreyFund Raising and Events Director
Revenue and Support

Revenue Composition

Contributions and Grants
$2,684
Program Service Revenue
$242,749
Investment Income
$11
Other Revenue
$0
All Other Contributions
$1,910
Change in Net Assets
$-73,438

Audited Revenue Reconciliation

Revenue per Audited Statements
$245,444
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$245,444
Total Revenue per Form 990
$245,444
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$222,059
Other Expenses$91,303
Grants and Similar Amounts Paid$2,168
Professional Fundraising Fees$716
Total Fundraising Expense$716

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$174,916$3,634$0$178,550
Occupancy$42,100$5,861$0$47,961
Payroll Taxes$42,410$0$0$42,410
Fees for Services Other$12,430$0$0$12,430
Office Expenses$12,367$0$0$12,367
Other Expenses$4,369$190$0$4,559
Insurance$2,568$1,871$0$4,439
Information Technology$1,381$2,125$0$3,506
Fees for Services Management$2,526$150$0$2,676
Benefits to Members$2,636--$2,636
Grants to Domestic Individuals$2,168--$2,168
Fees for Services Accounting$63$1,253$0$1,316
Fees for Services Professional Fundraising--$716$716
Comp Disqual Persons$600$0$0$600
Other Employee Benefits$0$499$0$499
All Other Expenses$0$9$0$9
Total Functional Expenses$302,494$15,672$716$318,882

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$318,882
Total Expenses per Audited Statements$318,882
Total Expenses per Form 990$318,882
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$716
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 2

The Chairman of the Board and the CEO of Heart to Home Learning have a parent-child relationship. This relationship is known and has been approved by all board members of Heart to Home Learning.

Form 990, Part VI, Section B, Line 11B

Upon completion but before official filing, the Form 990 is emailed to all Heart to Home Learning, Inc board members. Each member is given 10 days (two weeks) to review the Form 990 and provide feedback and changes. If no changes are necessary or once changes have been completed, the Form 990 is e-filed with the IRS using an authorized e-file agent.

Form 990, Part VI, Section B, Line 15

The Heart to Home Learning, Inc board determines compensation of executive and key employees based on current market trends and the financial ability of the company.

Form 990, Part VI, Section C, Line 19

Documents are available either upon request from the front office or on our website.

Filing and Contact Details

Filer

Filer Name
Heart to Home Learning
EIN
45-4766934
Phone
7067550736
Address
3614 J Dewey Gray Cir, Augusta, GA 30909
Doing Business As
Thrive Academy

Signing Officer

Name
Michael Orr
Title
CFO
Phone
7067550736
Signed
2023-04-29

Organization Details

Formed
2012
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
3
Employees
15
Volunteers
5
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Loss on IT assets

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IRS990/IntangibleAssetsGrp/EOYAmt00
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IRS990/InvestmentInJointVentureInd00
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IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
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IRS990/IRPDocumentW2GCnt00
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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0Thrive Academy is the fully accredited non-traditional private school of Heart to Home Learning, Inc. Our school offers a fully accredited, educational program that includes classes, tutoring, individualized lessons, online learning facilitation and support, electives, lesson plans, record keeping, and standardized testing for students who are educated at home. With the 60/40 rule, students attend our center for 3 full days then 2 days of instruction is completed at home.
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IRS990/NetAssetsOrFundBalancesEOYAmt017701
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
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IRS990/OccupancyGrp/ProgramServicesAmt042100
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt012367
IRS990/OfficeExpensesGrp/TotalAmt012367
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IRS990/OperateHospitalInd00
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