Civic Intelligence

Falls Lake Academy Inc.

990 • Fiscal year 2018 • EIN 46-1167805

Jul 01, 2017 to Jun 30, 2018 • Filed on May 10, 2019

Organization ProfileWWW.FALLSLAKEACADEMY.COM
1701 E Lyon Station RoadCreedmoor, NC 27522

(919) 964-9003

Siviq Scores

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

Liabilities / Assets

87th percentile

0.94x

Higher debt load relative to assets than 87% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

87th percentile

2.08x

Higher debt load relative to revenue than 87% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Net Margin

60th percentile

5.3%

Higher net margin than 60% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

25th percentile

$89,475

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Asset Growth

91st percentile

50%

Faster asset growth than 91% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

44%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$18,445,986

Up $6,133,217 (+50%) from 2017

Net Assets

Up

$1,059,138

Up $446,067 (+73%) from 2017

Liabilities

Up

$17,386,848

Up $5,687,150 (+49%) from 2017

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin60th percentile

Revenue

Up

$8,367,318

Up $2,550,151 (+44%) from 2017

Expenses

Up

$7,921,251

Up $2,420,711 (+44%) from 2017

Net Income

Up

$446,067

Up $129,440 (+41%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$30M$20M$10M$0Assets 2014: $340,730Liabilities 2014: $69,165Net Assets 2014: $271,5652014Assets 2015: $12,406,616Liabilities 2015: $12,168,172Net Assets 2015: $238,4442015Assets 2016: $12,224,443Liabilities 2016: $11,927,999Net Assets 2016: $296,4442016Assets 2017: $12,312,769Liabilities 2017: $11,699,698Net Assets 2017: $613,0712017Assets 2018: $18,445,986Liabilities 2018: $17,386,848Net Assets 2018: $1,059,1382018Assets 2019: $22,864,129Liabilities 2019: $20,949,103Net Assets 2019: $1,915,0262019Assets 2020: $23,108,673Liabilities 2020: $20,610,050Net Assets 2020: $2,498,6232020Assets 2021: $23,874,712Liabilities 2021: $20,324,852Net Assets 2021: $3,549,8602021Assets 2022: $23,813,178Liabilities 2022: $20,028,287Net Assets 2022: $3,784,8912022Assets 2023: $24,418,135Liabilities 2023: $19,679,145Net Assets 2023: $4,738,9902023Assets 2024: $24,911,864Liabilities 2024: $19,342,956Net Assets 2024: $5,568,9082024

Highlighted filing

2018

Assets$18,445,986
Liabilities$17,386,848
Net Assets$1,059,138
Open 2018 Filing

Operations Trend

Revenue Growth88th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2014: $2,560,364Expenses 2014: $2,289,509Net Income 2014: $270,8552014Revenue 2015: $3,352,590Expenses 2015: $3,385,711Net Income 2015: -$33,1212015Revenue 2016: $4,613,588Expenses 2016: $4,555,588Net Income 2016: $58,0002016Revenue 2017: $5,817,167Expenses 2017: $5,500,540Net Income 2017: $316,6272017Revenue 2018: $8,367,318Expenses 2018: $7,921,251Net Income 2018: $446,0672018Revenue 2019: $10,094,057Expenses 2019: $9,238,169Net Income 2019: $855,8882019Revenue 2020: $10,816,343Expenses 2020: $10,232,746Net Income 2020: $583,5972020Revenue 2021: $10,593,661Expenses 2021: $9,542,424Net Income 2021: $1,051,2372021Revenue 2022: $12,156,063Expenses 2022: $11,921,032Net Income 2022: $235,0312022Revenue 2023: $12,803,354Expenses 2023: $11,849,255Net Income 2023: $954,0992023Revenue 2024: $13,682,611Expenses 2024: $12,852,693Net Income 2024: $829,9182024

Highlighted filing

2018

Revenue$8,367,318
Expenses$7,921,251
Net Income$446,067
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 10, 2019
Return Version
2017v2.3
Gross Receipts
$8,367,318
Mission and Program Overview

Mission

Falls lake academy seeks to create a challenging learning environment while striving to meet the academic, social, and emotional needs of our 21st century learners to prepare them for citizenship, leadership, and success in a rapidly changing world. Our school promotes a safe, orderly, caring and supportive community. Each student's self-esteem is fostered by positive relationships with students and staff. We strive to have our parents, teachers, and community members actively involved in our student's learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,582,536$16,076,890▲ $5,494,354
Cash and Non-Interest-Bearing Accounts$1,180,717$1,813,066▲ $632,349
Rtn Earn Endowment Incm Other Fnds$1,335,211$1,738,203▲ $402,992
Savings and Temporary Cash Investments$549,516$556,030▲ $6,514
Cap Stk Tr Prin Current Funds$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$-722,140$-679,065▲ $43,075
Total Assets$12,312,769$18,445,986▲ $6,133,217
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,597,372$16,930,002▲ $5,332,630
Accounts Payable and Accrued Expenses$102,326$456,846▲ $354,520
Total Liabilities$11,699,698$17,386,848▲ $5,687,150
Net Assets / Fund Balance
Total Net Assets Fund Balance$613,071$1,059,138▲ $446,067
Total Liabilities and Net Assets / Fund Balance$12,312,769$18,445,986▲ $6,133,217

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,617,822$1,168,521-
Other Land Buildings$6,015,420$4,034-
Land$354,177--
Equipment$89,471$56,904-
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Amy HobgoodExecutive DirectorFT$89,475$89,475

Board Members and Trustees

NameTitle
Robb CannadyBoard Chairman
Brian MassengillBoard Member
Gina StinnettBoard Member
Jill PikeBoard Member
Sean HogueBoard Member
Tracy TealBoard Member
Heather FieldsBoard Secretary
Leah EnglebrightBoard Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Hubrich ContractingConstruction4321 MEDICAL PARK SUITE 100, Durham, NC 27704$366,570
Vetsa Housing SolutionsModular Classrooms1000 TOWN CENTER, Southfield, MI 48075$265,468
Charter SuccessFinancial Management3600 N DUKE ST SUITE 109, Durham, NC 27704$182,969
Revenue and Support

Revenue Composition

Contributions and Grants
$8,208,962
Program Service Revenue
$158,356
Investment Income
$0
Other Revenue
$0
All Other Contributions
$443,273
Change in Net Assets
$446,067

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,367,318
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,367,318
Total Revenue per Form 990
$8,367,318
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,101,297
Other Expenses$2,819,954
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,426,788$639,599-$4,066,387
Interest-$448,276-$448,276
Other Employee Benefits$343,258$60,575-$403,833
Occupancy-$389,368-$389,368
Depreciation Depletion$341,520$37,947-$379,467
Payroll Taxes$261,171$46,089-$307,260
Pension Plan Contributions$199,191$35,151-$234,342
Other Expenses$190,764$0-$190,764
All Other Expenses$103,395--$103,395
Current Officers, Directors, Trustees, and Key Employees-$89,475-$89,475
Insurance-$41,993-$41,993
Office Expenses-$40,612-$40,612
Travel-$10,774-$10,774
Total Functional Expenses$5,142,454$2,778,797$0$7,921,251

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,921,251
Total Expenses per Audited Statements$7,921,251
Total Expenses per Form 990$7,921,251
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
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, Section B, Line 11B

“A draft copy of the 990 return was given to the board of directors for review and approval.”

Form 990, Part VI, Section B, Line 15A

“The board of directors reviewed comparable salary data to determine the principal's salary”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy and financial statements are available for public inspection at the oranization's office upon request. Organization staff are available to provide supervision and answer any questions the inquiring party may have.”

Filing and Contact Details

Filer

Filer Name
Falls Lake Academy
EIN
46-1167805
Phone
9199649003
Address
1701 E LYON STATION ROAD, CREEDMOOR, NC 27522

Signing Officer

Name
Robb Cannady
Title
Board Chairman
Phone
9199649003
Signed
2019-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robb Cannady
Formed
2013
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
162
Volunteers
731

Preparer

Firm
Potter & Company Pa
Address
434 COPPERFIELD BLVD NE STE A, CONCORD, NC 28025
Preparer
Samuel M Leder CPA
Phone
7047868189
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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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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0403833
IRS990/OtherExpensesGrp/Desc0FACILITIES/UTILITIES
IRS990/OtherExpensesGrp/Desc1CONTRACTED AND ADMIN SE
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc3BOOKS AND SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0590901
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1328915
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt219122
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0104277
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt2172090
IRS990/OtherExpensesGrp/ProgramServicesAmt3190764
IRS990/OtherExpensesGrp/TotalAmt0695178
IRS990/OtherExpensesGrp/TotalAmt1328915
IRS990/OtherExpensesGrp/TotalAmt2191212
IRS990/OtherExpensesGrp/TotalAmt3190764
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0639599
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03426788
IRS990/OtherSalariesAndWagesGrp/TotalAmt04066387
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt046089
IRS990/PayrollTaxesGrp/ProgramServicesAmt0261171
IRS990/PayrollTaxesGrp/TotalAmt0307260
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-722140
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-679065
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt035151
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0199191
IRS990/PensionPlanContributionsGrp/TotalAmt0234342
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ROBB CANNADY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0624410
IRS990/ProgramServiceRevenueGrp/Desc0BEFORE AND AFTER SCHOO
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0158356
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0158356
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05689205
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01986280
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0127962
IRS990/PYRevenuesLessExpensesAmt0316627
IRS990/PYSalariesCompEmpBnftPaidAmt03514260
IRS990/PYTotalExpensesAmt05500540
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05817167
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0446067
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01335211
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01738203
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0549516
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0556030
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt09617822
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01168521
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt010786343
IRS990ScheduleD/EquipmentGrp/BookValueAmt089471
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056904
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0146375
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07921251
IRS990ScheduleD/LandGrp/BookValueAmt0354177
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0354177
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06015420
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04034
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt06019454
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08367318
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016076890
IRS990ScheduleD/TotalExpensesPerForm990Amt07921251
IRS990ScheduleD/TotalRevenuePerForm990Amt08367318
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08367318
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07921251
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS INCLUDED IN THE ORGANIZATION'S STATEMENT OF PURPOSE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES FEDERAL AND STATE ASSISTANCE THROUGH THE STATE BOARD OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF THE 990 RETURN WAS GIVEN TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWED COMPARABLE SALARY DATA TO DETERMINE THE PRINCIPAL'S SALARY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORANIZATION'S OFFICE UPON REQUEST. ORGANIZATION STAFF ARE AVAILABLE TO PROVIDE SUPERVISION AND ANSWER ANY QUESTIONS THE INQUIRING PARTY MAY HAVE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt012312769
IRS990/TotalAssetsEOYAmt018445986
IRS990/TotalAssetsGrp/BOYAmt012312769
IRS990/TotalAssetsGrp/EOYAmt018445986
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt08208962
IRS990/TotalEmployeeCnt0162
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02778797
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05142454
IRS990/TotalFunctionalExpensesGrp/TotalAmt07921251
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011699698
IRS990/TotalLiabilitiesEOYAmt017386848
IRS990/TotalLiabilitiesGrp/BOYAmt011699698
IRS990/TotalLiabilitiesGrp/EOYAmt017386848
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0613071
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01059138
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt05142454
IRS990/TotalProgramServiceRevenueAmt0158356
IRS990/TotalReportableCompFromOrgAmt089475
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0158356
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08367318
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0731
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012312769
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt018445986
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt010774
IRS990/TravelGrp/TotalAmt010774
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01701 E LYON STATION ROAD
IRS990/USAddress/CityNm0CREEDMOOR
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027522
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.FALLSLAKEACADEMY.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBB CANNADY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09199649003
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FALLS LAKE ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0FALL
ReturnHeader/Filer/EIN0461167805

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,445,986
Liabilities
$17,386,848
Net assets
$1,059,138
Revenue
$8,367,318
Expenses
$7,921,251
Net income
$446,067
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.9$19.3$5.57$13.7$12.9$0.83
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.4$19.7$4.74$12.8$11.8$0.95
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.8$20.0$3.78$12.2$11.9$0.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.9$20.3$3.55$10.6$9.54$1.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.1$20.6$2.50$10.8$10.2$0.58
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.9$20.9$1.92$10.1$9.24$0.86
2018Detailed filing. Detailed filing data is available for this year.$18.4$17.4$1.06$8.37$7.92$0.45
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.3$11.7$0.61$5.82$5.50$0.32
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.2$11.9$0.30$4.61$4.56$0.06
2015Detailed filing. Detailed filing data is available for this year.$12.4$12.2$0.24$3.35$3.39$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.07$0.27$2.56$2.29$0.27