Civic Intelligence

Falls Lake Academy Inc.

990 • Fiscal year 2019 • EIN 46-1167805

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 02, 2020

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

0.92x

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

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

2.08x

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

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Net Margin

71st percentile

8.5%

Higher net margin than 71% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

27th percentile

$86,090

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Asset Growth

82nd percentile

24%

Faster asset growth than 82% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

77th percentile

21%

Faster revenue growth than 77% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$22,864,129

Up $4,418,143 (+24%) from 2018

Net Assets

Up

$1,915,026

Up $855,888 (+81%) from 2018

Liabilities

Up

$20,949,103

Up $3,562,255 (+20%) from 2018

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin71st percentile

Revenue

Up

$10,094,057

Up $1,726,739 (+21%) from 2018

Expenses

Up

$9,238,169

Up $1,316,918 (+17%) from 2018

Net Income

Up

$855,888

Up $409,821 (+92%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2019

Assets$22,864,129
Liabilities$20,949,103
Net Assets$1,915,026
Open 2019 Filing

Operations Trend

Revenue Growth77th 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

2019

Revenue$10,094,057
Expenses$9,238,169
Net Income$855,888
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 2, 2020
Return Version
2018v3.2
Gross Receipts
$10,094,057
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$16,076,890$19,131,331▲ $3,054,441
Rtn Earn Endowment Incm Other Fnds$1,738,203$3,589,756▲ $1,851,553
Cash and Non-Interest-Bearing Accounts$1,813,066$2,949,458▲ $1,136,392
Savings and Temporary Cash Investments$556,030$585,699▲ $29,669
Accounts Receivable$0$183,735▲ $183,735
Prepaid Expenses and Deferred Charges$0$13,906▲ $13,906
Cap Stk Tr Prin Current Funds$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$-679,065$-1,674,730▼ $995,665
Total Assets$18,445,986$22,864,129▲ $4,418,143
Liabilities
Mortgage Notes Payable Secured by Investment Property$16,930,002$20,806,061▲ $3,876,059
Accounts Payable and Accrued Expenses$456,846$143,042▼ $313,804
Total Liabilities$17,386,848$20,949,103▲ $3,562,255
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,059,138$1,915,026▲ $855,888
Total Liabilities and Net Assets / Fund Balance$18,445,986$22,864,129▲ $4,418,143

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,558,262$1,773,211-
Other Land Buildings$109,244$8,582-
Land$354,177--
Equipment$109,648$81,920-
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Amy HobgoodExecutive DirectorFT$86,090$86,090

Board Members and Trustees

NameTitle
Rob CannadyBoard Chairman
Darryl MossBoard Vice Chairman
Ashley YanceyBoard Member
Jill PikeBoard Member
Samantha DaleBoard Member
Tracy TealBoard Member
Tricia WagnerBoard Member
Heather FieldsBoard Secretary
Leah EnglebrightBoard Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Vesta Housing SolutionsRental335 E MAPLE ROAD SUITE 200, Birmingham, MI 48009$224,783
Revenue and Support

Revenue Composition

Contributions and Grants
$9,881,201
Program Service Revenue
$212,856
Investment Income
$0
Other Revenue
$0
All Other Contributions
$686,740
Change in Net Assets
$855,888

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,094,057
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$10,094,057
Total Revenue per Form 990
$10,094,057
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,262,300
Other Expenses$2,975,869
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,375,676$686,088-$5,061,764
All Other Expenses$623,883$13,699-$637,582
Depreciation Depletion$570,829$63,425-$634,254
Interest-$542,133-$542,133
Other Employee Benefits$390,898$68,982-$459,880
Payroll Taxes$322,888$56,980-$379,868
Pension Plan Contributions$233,493$41,205-$274,698
Other Expenses$255,975$267,787-$255,975
Current Officers, Directors, Trustees, and Key Employees-$86,090-$86,090
Insurance-$53,432-$53,432
Office Expenses-$47,666-$47,666
Travel-$8,282-$8,282
Total Functional Expenses$7,071,252$2,166,917$0$9,238,169

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,238,169
Total Expenses per Audited Statements$9,238,169
Total Expenses per Form 990$9,238,169
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.”

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
Amy Hobgood
Title
Executive Director
Phone
9199649003
Signed
2020-07-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Hobgood
Formed
2013
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
183
Volunteers
355

Preparer

Firm
Potter & Company Pa
Address
434 COPPERFIELD BLVD NE STE A, CONCORD, NC 28025
Preparer
Kenni E Doyle CPA
Phone
7047868189
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The school has adopted asc 740-10 as it relates to uncertain tax positions for the year ended june 30, 2019 and has evaluated its tax positions taken for all open tax years. However, the school is not currently under audit nor has the school been contacted by these jurisdictions. Based on the evaluation of the schools tax positions, management believes all positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the year end june 30, 2019.”

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IRS990/OtherExpensesGrp/Desc0FACILITIES/UTILITIES
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IRS990/OtherExpensesGrp/Desc2FEDERAL PROGRAMS
IRS990/OtherExpensesGrp/Desc3SCHOOL ACTIVITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0231148
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1267787
IRS990/OtherExpensesGrp/ProgramServicesAmt040791
IRS990/OtherExpensesGrp/ProgramServicesAmt1256819
IRS990/OtherExpensesGrp/ProgramServicesAmt2255975
IRS990/OtherExpensesGrp/TotalAmt0271939
IRS990/OtherExpensesGrp/TotalAmt1267787
IRS990/OtherExpensesGrp/TotalAmt2256819
IRS990/OtherExpensesGrp/TotalAmt3255975
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0686088
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04375676
IRS990/OtherSalariesAndWagesGrp/TotalAmt05061764
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt056980
IRS990/PayrollTaxesGrp/ProgramServicesAmt0322888
IRS990/PayrollTaxesGrp/TotalAmt0379868
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-679065
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-1674730
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt041205
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0233493
IRS990/PensionPlanContributionsGrp/TotalAmt0274698
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013906
IRS990/PrincipalOfficerNm0AMY HOBGOOD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0624410
IRS990/ProgramServiceRevenueGrp/Desc0BEFORE AND AFTER SCHOOL CARE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0212856
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0212856
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08208962
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02819954
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0158356
IRS990/PYRevenuesLessExpensesAmt0446067
IRS990/PYSalariesCompEmpBnftPaidAmt05101297
IRS990/PYTotalExpensesAmt07921251
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08367318
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0855888
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0212856
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01738203
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03589756
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0556030
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0585699
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt018558262
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01773211
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt020331473
IRS990ScheduleD/EquipmentGrp/BookValueAmt0109648
IRS990ScheduleD/EquipmentGrp/DepreciationAmt081920
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0191568
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09238169
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0354177
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0354177
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0109244
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08582
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0117826
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt010094057
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS ADOPTED ASC 740-10 AS IT RELATES TO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2019 AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. HOWEVER, THE SCHOOL IS NOT CURRENTLY UNDER AUDIT NOR HAS THE SCHOOL BEEN CONTACTED BY THESE JURISDICTIONS. BASED ON THE EVALUATION OF THE SCHOOLS TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR END JUNE 30, 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019131331
IRS990ScheduleD/TotalExpensesPerForm990Amt09238169
IRS990ScheduleD/TotalRevenuePerForm990Amt010094057
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010094057
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09238169
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.
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt018445986
IRS990/TotalAssetsEOYAmt022864129
IRS990/TotalAssetsGrp/BOYAmt018445986
IRS990/TotalAssetsGrp/EOYAmt022864129
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt09881201
IRS990/TotalEmployeeCnt0183
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02166917
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07071252
IRS990/TotalFunctionalExpensesGrp/TotalAmt09238169
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt017386848
IRS990/TotalLiabilitiesEOYAmt020949103
IRS990/TotalLiabilitiesGrp/BOYAmt017386848
IRS990/TotalLiabilitiesGrp/EOYAmt020949103
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01059138
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01915026
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt07071252
IRS990/TotalProgramServiceRevenueAmt0212856
IRS990/TotalReportableCompFromOrgAmt086090
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0212856
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010094057
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0355
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018445986
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt022864129
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt08282
IRS990/TravelGrp/TotalAmt08282
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/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.FALLSLAKEACADEMY.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0AMY HOBGOOD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09199649003
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FALLS LAKE ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0FALL
ReturnHeader/Filer/EIN0461167805
ReturnHeader/Filer/PhoneNum09199649003

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,864,129
Liabilities
$20,949,103
Net assets
$1,915,026
Revenue
$10,094,057
Expenses
$9,238,169
Net income
$855,888
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
2019Detailed filing. Detailed filing data is available for this year.$22.9$20.9$1.92$10.1$9.24$0.86
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$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