Civic Intelligence

Hess Academy Inc.

990 • Fiscal year 2023 • EIN 45-5464970

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

Organization ProfileN/A

View Organization Page

611 Medlock RoadDecatur, GA 30033

(678) 308-6380

Siviq Scores

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

Liabilities / Assets

79th percentile

0.39x

Higher debt load relative to assets than 79% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

69th percentile

0.25x

Higher debt load relative to revenue than 69% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

11th percentile

-30%

Higher net margin than 11% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

70th percentile

$105,083

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

8th percentile

-18%

Faster asset growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

28th percentile

-6.9%

Faster revenue growth than 28% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$854,078

Down $186,447 (-18%) from 2022

Net Assets

Down

$519,503

Down $176,268 (-25%) from 2022

Liabilities

Down

$334,575

Down $10,179 (-3.0%) from 2022

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin11th percentile

Revenue

Down

$1,344,530

Down $99,829 (-6.9%) from 2022

Expenses

Up

$1,749,764

Up $441,078 (+34%) from 2022

Net Income

Down

-$405,234

Down $540,907 (-399%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2013: $12,492Liabilities 2013: $13,5002013Assets 2014: $100,555Liabilities 2014: $28,530Net Assets 2014: $72,0252014Assets 2015: $134,259Liabilities 2015: $157,697Net Assets 2015: -$23,4382015Assets 2016: $24,762Liabilities 2016: $58,356Net Assets 2016: -$33,5942016Assets 2017: $8,619Liabilities 2017: $43,589Net Assets 2017: -$34,9702017Assets 2018: $42,535Liabilities 2018: $43,581Net Assets 2018: -$1,0462018Assets 2019: $177,179Liabilities 2019: $94,271Net Assets 2019: $82,9082019Assets 2020: $160,991Liabilities 2020: $185,755Net Assets 2020: -$24,7642020Assets 2021: $525,245Liabilities 2021: $134,959Net Assets 2021: $390,2862021Assets 2022: $1,040,525Liabilities 2022: $344,754Net Assets 2022: $695,7712022Assets 2023: $854,078Liabilities 2023: $334,575Net Assets 2023: $519,5032023Assets 2024: $735,218Liabilities 2024: $324,160Net Assets 2024: $411,0582024

Highlighted filing

2023

Assets$854,078
Liabilities$334,575
Net Assets$519,503
Open 2023 Filing

Operations Trend

Revenue Growth28th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2013: $98,938Expenses 2013: $99,946Net Income 2013: -$1,0082013Revenue 2014: $406,253Expenses 2014: $333,220Net Income 2014: $73,0332014Revenue 2015: $497,684Expenses 2015: $593,147Net Income 2015: -$95,4632015Revenue 2016: $815,689Expenses 2016: $825,845Net Income 2016: -$10,1562016Revenue 2017: $977,952Expenses 2017: $979,328Net Income 2017: -$1,3762017Revenue 2018: $1,118,207Expenses 2018: $1,084,283Net Income 2018: $33,9242018Revenue 2019: $907,479Expenses 2019: $866,668Net Income 2019: $40,8112019Revenue 2020: $742,003Expenses 2020: $849,770Net Income 2020: -$107,7672020Revenue 2021: $1,151,584Expenses 2021: $799,974Net Income 2021: $351,6102021Revenue 2022: $1,444,359Expenses 2022: $1,308,686Net Income 2022: $135,6732022Revenue 2023: $1,344,530Expenses 2023: $1,749,764Net Income 2023: -$405,2342023Revenue 2024: $1,317,986Expenses 2024: $1,747,804Net Income 2024: -$429,8182024

Highlighted filing

2023

Revenue$1,344,530
Expenses$1,749,764
Net Income-$405,234
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$1,344,530
Mission and Program Overview

Mission

The academic and personal growth and development of children

The academic and personal growth and development of children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$526,500$484,156▼ $42,344
Cash and Non-Interest-Bearing Accounts$479,231$267,527▼ $211,704
Prepaid Expenses and Deferred Charges$21,910$132▼ $21,778
Total Assets$1,040,525$854,078▼ $186,447
Other Assets Total$12,884$102,263▲ $89,379
Liabilities
Mortgage Notes Payable Secured by Investment Property$321,840$313,379▼ $8,461
Accounts Payable and Accrued Expenses$22,914$18,690▼ $4,224
Other Liabilities-$2,506-
Total Liabilities$344,754$334,575▼ $10,179
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$695,771$519,503▼ $176,268
Total Net Assets Fund Balance$695,771$519,503▼ $176,268
Total Liabilities and Net Assets / Fund Balance$1,040,525$854,078▼ $186,447

Asset Categories

AssetBook ValueDepreciationBasis
Land$526,500-$526,500
Equipment$-42,344$106,010$63,666
Other Assets Org$-68,000--
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleBaseTotal
Kristen HessFounder$105,083$105,083

Board Members and Trustees

NameTitle
David GoldsteinChairperson
Michael MorrierVice-chairpe
James TaylorTrustee
Sarah PiperSecretary
Renee KimesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,279
Program Service Revenue
$1,337,006
Investment Income
$245
Other Revenue
$0
All Other Contributions
$7,279
Change in Net Assets
$-405,234
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,129,327
Other Expenses$379,524
Grants and Similar Amounts Paid$240,913
Total Fundraising Expense$56,472
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$734,658$137,752$45,921$918,331
Grants to Domestic Individuals$240,913--$240,913
Current Officers, Directors, Trustees, and Key Employees$84,066$15,763$5,255$105,084
Payroll Taxes$66,322$12,435$4,145$82,902
All Other Expenses$58,441$1,371-$59,812
Other Employee Benefits$18,407$3,452$1,151$23,010
Other Expenses$21,790--$21,790
Interest$15,196--$15,196
Insurance$14,676--$14,676
Office Expenses$10,488--$10,488
Depreciation Depletion$8,810--$8,810
Fees for Services Accounting$2,210$2,210-$4,420
Travel$2,333--$2,333
Total Functional Expenses$1,520,309$172,983$56,472$1,749,764
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
Payroll Liabilities$2,506
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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

“The board will discuss the 990 and any issues.”

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

“Annual disclosure is required each year from officers, directors, and key employees.”

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

“Compensation is governed by the board.”

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

“Compensation is governed by the board.”

Form 990, Page 6, Part VI, Line 19

“Documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Hess Academy Inc
EIN
45-5464970
Address
611 MEDLOCK ROAD, DECATUR, GA 30033

Signing Officer

Name
Kristen Hess
Title
Founder
Phone
6783086380
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristen Hess
Formed
2012
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
5
Employees
25
Volunteers
5

Preparer

Firm
Burge & Associates Pc
Address
315 W PONCE DE LEON AVE STE 700, DECATUR, GA 30030
Preparer
Lucas M Bradstreet
Phone
7704466649
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Excrow account adjustment 228,966”

Raw XML Appendix373 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD WILL DISCUSS THE 990 AND ANY ISSUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL DISCLOSURE IS REQUIRED EACH YEAR FROM OFFICERS, DIRECTORS, AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS GOVERNED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS GOVERNED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EXCROW ACCOUNT ADJUSTMENT 228,966
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
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ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$854,078
Liabilities
$334,575
Net assets
$519,503
Revenue
$1,344,530
Expenses
$1,749,764
Net income
-$405,234
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.74$0.32$0.41$1.32$1.75$0.43
2023Detailed filing. Detailed filing data is available for this year.$0.85$0.33$0.52$1.34$1.75$0.41
2022Detailed filing. Detailed filing data is available for this year.$1.04$0.34$0.70$1.44$1.31$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.53$0.13$0.39$1.15$0.80$0.35
2020Detailed filing. Detailed filing data is available for this year.$0.16$0.19$0.02$0.74$0.85$0.11
2019Summary only. Only limited summary data is available for this year.$0.18$0.09$0.08$0.91$0.87$0.04
2018Summary only. Only limited summary data is available for this year.$0.04$0.04$0.00$1.12$1.08$0.03
2017Summary only. Only limited summary data is available for this year.$0.01$0.04$0.03$0.98$0.98$0.00
2016Summary only. Only limited summary data is available for this year.$0.02$0.06$0.03$0.82$0.83$0.01
2015Summary only. Only limited summary data is available for this year.$0.13$0.16$0.02$0.50$0.59$0.10
2014Summary only. Only limited summary data is available for this year.$0.10$0.03$0.07$0.41$0.33$0.07
2013Summary only. Only limited summary data is available for this year.$0.01$0.01$0.10$0.10$0.00