Civic Intelligence

Logos Academy

990EZ • Fiscal year 2016 • EIN 46-3380138

Jan 01, 2016 to Dec 31, 2016 • Filed on May 11, 2017

2718 Wrexham CTHerndon, VA 20171

(202) 669-4319

Siviq Scores

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

Liabilities / Assets

60th percentile

0.01x

Higher debt load relative to assets than 60% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

57th percentile

0.00x

Higher debt load relative to revenue than 57% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

62nd percentile

8.9%

Higher net margin than 62% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

90th percentile

84%

Faster asset growth than 90% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

93rd percentile

100%

Faster revenue growth than 93% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$18,641

Up $8,515 (+84%) from 2015

Net Assets

Up

$18,541

Up $8,515 (+85%) from 2015

Liabilities

Flat

$100

Flat from 2015

Revenue

Up

$95,612

Up $47,920 (+100%) from 2015

Expenses

Up

$87,097

Up $35,627 (+69%) from 2015

Net Income

Up

$8,515

Up $12,293 (+325%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2014: $14,172Liabilities 2014: $3682014Assets 2015: $10,126Liabilities 2015: $100Net Assets 2015: $10,0262015Assets 2016: $18,641Liabilities 2016: $100Net Assets 2016: $18,5412016Assets 2017: $44,818Liabilities 2017: $1,328Net Assets 2017: $43,4902017Assets 2018: $25,812Net Assets 2018: $25,8122018Assets 2019: $14,293Liabilities 2019: $0Net Assets 2019: $14,2932019Assets 2020: $90,325Liabilities 2020: $72,200Net Assets 2020: $18,1252020Assets 2021: $242,704Liabilities 2021: $0Net Assets 2021: $242,7042021Assets 2022: $328,217Liabilities 2022: $3,000Net Assets 2022: $325,2172022Assets 2023: $346,835Liabilities 2023: $0Net Assets 2023: $346,8352023Assets 2024: $399,940Liabilities 2024: $0Net Assets 2024: $399,9402024

Highlighted filing

2016

Assets$18,641
Liabilities$100
Net Assets$18,541

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2014: $29,589Expenses 2014: $13,767Net Income 2014: $15,8222014Revenue 2015: $47,692Expenses 2015: $51,470Net Income 2015: -$3,7782015Revenue 2016: $95,612Expenses 2016: $87,097Net Income 2016: $8,5152016Revenue 2017: $162,578Expenses 2017: $137,629Net Income 2017: $24,9492017Revenue 2018: $189,507Expenses 2018: $207,185Net Income 2018: -$17,6782018Revenue 2019: $304,499Expenses 2019: $316,018Net Income 2019: -$11,5192019Revenue 2020: $348,664Expenses 2020: $344,832Net Income 2020: $3,8322020Revenue 2021: $691,668Expenses 2021: $467,089Net Income 2021: $224,5792021Revenue 2022: $722,056Expenses 2022: $639,543Net Income 2022: $82,5132022Revenue 2023: $650,427Expenses 2023: $628,809Net Income 2023: $21,6182023Revenue 2024: $722,534Expenses 2024: $669,429Net Income 2024: $53,1052024

Highlighted filing

2016

Revenue$95,612
Expenses$87,097
Net Income$8,515
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 11, 2017
Return Version
2016v3.0
Gross Receipts
$95,612
Mission and Program Overview

Mission

Logos Academy is organized exclusively for charitable, educational, religious or scientific purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 2006 and subsequent amendments thereto. Specifically the purpose of Logos Academy is to provide a school for Herndons culturally diverse community. Logos Academy does not discriminate on the basis of race, gender or national origin in the administration of its educational programs, admission policies, financial aid, or personnel policies.

Program Services

DescriptionGrantsExpenses
Logos Academy is a Christian based two way Spanish/English dual immersion preschool devoted to helping low and middle income families provide their children with a rigorous academic program at an affordable price. Logos Academy gives Latino immigrant children the opportunity to not only learn and strengthen their English language skills but also give them the opportunity to strengthen their home language skills. Our goal is to nurture childrens curiosity while focusing on developing self-esteem, communication, creativity, and critical thinking skills. Logos Academy believes that an early childhood program well aligned with an elementary program will create an integrated primary educational system that will enhance the social, emotional and academic outcomes for children$78,453-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BABETTE ARNOLDPresidentPT$0--
DOUGLAS THURSTONTreasurerPT$0--
CYNTHIA PAYNESecretary-$0--
DANA CONDEMIDirector-$0--
MELISSA D HUGHESDirector-$0--
SCOTT AUKEMADirector-$0--
Filing and Contact Details

Filer

Filer Name
Logos Academy
EIN
46-3380138
Phone
2026694319
Address
2718 WREXHAM CT, HERNDON, VA 20171

Signing Officer

Name
Babette Arnold
Title
President
Signed
2017-05-11
Discuss with paid preparer
Yes

Preparer

Firm
Verma CPA and Associates
Address
19415 Deerfield Ave Ste 204, Lansdowne, VA 20176
Preparer
Kamal Verma CPA
Phone
7036656555
Supplemental Narrative

Additional Explanations

Client Note 1

Client Note 1 - EXPLANATION OF FILING OF TAX RETURNS FOR THE TAX YEARS 2013 AND 2014:---------------------------------------------------------------------LOGOS ACADEMY FILED FORM 1120 FOR THE TAX YEAR 2013 BECAUSE THE EXEMPT STATUS WAS NOT CONFIRMED BY IRS AT THE TIME OF FILING OF TAX RETURN FORM 1120 FOR THE TAX YEAR 2013. LOGOS ACADEMY RECEIVED A CONFIRMATION OF 501(C)3 EXEMPT STATUS IN JULY 2014 EFFECTIVE FROM DATE 07-24-2013. THEREFORE, PLEASE NOTE THAT LOGOS ACADEMY IS FILING ITS FIRST EXEMPT STATUS TAX RETURN EFFECTIVE THE TAX YEAR 2014.

Other Expenses.1001

Advertising and Promotion $585

Other Expenses.1010

Amortization $1760

Other Expenses.1012

Insurance $1455

Other Expenses.1

SCHOOL SUPPLIES $7104

Other Expenses.2

OUTSIDE SERVICES $7071

Other Expenses.3

CURRICULUM $1385

Other Expenses.4

SCHOOL EQUIPMENT $1143

Other Expenses.5

Staff training & development $1098

Other Expenses.6

Payroll processing fee $1067

Other Expenses.7

OFFICE EXPENSES $640

Other Expenses.8

STAFF RECOGNITION $634

Other Expenses.9

WEBSITE MAINTENANCE $424

Other Expenses.10

Dues and subscriptions $310

Other Expenses.11

LICENSE AND FEES $190

Other Expenses.12

BANK CHARGES $113

Other Expenses.13

BACKGROUND CHECKS $110

Other Assets.1005

Accounts Receivable - Beginning $0 Accounts Receivable - Ending $830

Other Assets.1012

Intangible Assets - Beginning $3372 Intangible Assets - Ending $1610

Total Liabilities.1006

Payable to Officers, Directors, Etc. - Beginning $100 Payable to Officers, Directors, Etc. - Ending $100

Raw XML Appendix184 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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IRS990EZ/PrimaryExemptPurposeTxt0Logos Academy is organized exclusively for charitable, educational, religious or scientific purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 2006 and subsequent amendments thereto. Specifically the purpose of Logos Academy is to provide a school for Herndons culturally diverse community. Logos Academy does not discriminate on the basis of race, gender or national origin in the administration of its educational programs, admission policies, financial aid, or personnel policies.
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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION PUBLICIZE IT'S NONDISCRIMINATORY POLICY IN ITS STUDENT APPLICATION,PARENT HANDBOOK AND ALSO DURING SOLICITAION OF STUDENTS IN PERSON.
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Client Note 1 - EXPLANATION OF FILING OF TAX RETURNS FOR THE TAX YEARS 2013 AND 2014:---------------------------------------------------------------------LOGOS ACADEMY FILED FORM 1120 FOR THE TAX YEAR 2013 BECAUSE THE EXEMPT STATUS WAS NOT CONFIRMED BY IRS AT THE TIME OF FILING OF TAX RETURN FORM 1120 FOR THE TAX YEAR 2013. LOGOS ACADEMY RECEIVED A CONFIRMATION OF 501(C)3 EXEMPT STATUS IN JULY 2014 EFFECTIVE FROM DATE 07-24-2013. THEREFORE, PLEASE NOTE THAT LOGOS ACADEMY IS FILING ITS FIRST EXEMPT STATUS TAX RETURN EFFECTIVE THE TAX YEAR 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Advertising and Promotion $585
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Amortization $1760
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $1455
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SCHOOL SUPPLIES $7104
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OUTSIDE SERVICES $7071
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CURRICULUM $1385
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SCHOOL EQUIPMENT $1143
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8STAFF TRAINING & DEVELOPMENT $1098
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11STAFF RECOGNITION $634
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12WEBSITE MAINTENANCE $424
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13DUES AND SUBSCRIPTIONS $310
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14LICENSE AND FEES $190
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15BANK CHARGES $113
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Accounts Receivable - Beginning $0 Accounts Receivable - Ending $830
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Intangible Assets - Beginning $3372 Intangible Assets - Ending $1610
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Payable to Officers, Directors, Etc. - Beginning $100 Payable to Officers, Directors, Etc. - Ending $100
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Client Note 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1010
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1012
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.4
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Expenses.8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Other Expenses.9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Other Expenses.10
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Other Expenses.12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Other Expenses.13
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Total Liabilities.1006
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BABETTE ARNOLD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOGOS ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0LOGO
ReturnHeader/Filer/EIN0463380138
ReturnHeader/Filer/PhoneNum02026694319
ReturnHeader/Filer/USAddress/AddressLine1Txt02718 WREXHAM CT
ReturnHeader/Filer/USAddress/CityNm0HERNDON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd020171
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Verma CPA and Associates
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt019415 Deerfield Ave Ste 204
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lansdowne
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020176
ReturnHeader/PreparerPersonGrp/PhoneNum07036656555
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KAMAL VERMA CPA
ReturnHeader/ReturnTs02017-05-11T16:17:23-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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