Civic Intelligence

Academy Foundation Inc.

990 • Fiscal year 2019 • EIN 46-3471569

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 15, 2019

Organization Profile
3880 N Front StFayetteville, AR 72703

(479) 699-4930

Siviq Scores

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

Liabilities / Assets

30th percentile

0.00x

Higher debt load relative to assets than 30% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

38th percentile

0.01x

Higher debt load relative to revenue than 38% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

1st percentile

-488%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

2nd percentile

-63%

Faster asset growth than 2% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-95%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets30th percentile

Assets

Down

$951,815

Down $1,595,333 (-63%) from 2018

Net Assets

Down

$950,719

Down $584,537 (-38%) from 2018

Liabilities

Down

$1,096

Down $1,010,796 (-100%) from 2018

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin1st percentile

Revenue

Down

$119,814

Down $2,194,798 (-95%) from 2018

Expenses

Down

$704,351

Down $898,100 (-56%) from 2018

Net Income

Down

-$584,537

Down $1,296,698 (-182%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$3.0M$2.0M$1.0M$0Assets 2014: $30,840Liabilities 2014: $0Net Assets 2014: $30,8402014Assets 2015: $672,505Liabilities 2015: $180,000Net Assets 2015: $492,5052015Assets 2016: $915,448Liabilities 2016: $497,893Net Assets 2016: $417,5552016Assets 2017: $1,320,988Liabilities 2017: $497,893Net Assets 2017: $823,0952017Assets 2018: $2,547,148Liabilities 2018: $1,011,892Net Assets 2018: $1,535,2562018Assets 2019: $951,815Liabilities 2019: $1,096Net Assets 2019: $950,7192019Assets 2020: $715,757Liabilities 2020: $208Net Assets 2020: $715,5492020Assets 2021: $646,133Liabilities 2021: $0Net Assets 2021: $646,1332021Assets 2022: $592,093Liabilities 2022: $0Net Assets 2022: $592,0932022Assets 2023: $551,431Liabilities 2023: $0Net Assets 2023: $551,4312023Assets 2024: $564,712Liabilities 2024: $0Net Assets 2024: $564,7122024

Highlighted filing

2019

Assets$951,815
Liabilities$1,096
Net Assets$950,719
Open 2019 Filing

Operations Trend

Revenue Growth1st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $147,960Expenses 2014: $117,120Net Income 2014: $30,8402014Revenue 2015: $750,230Expenses 2015: $288,565Net Income 2015: $461,6652015Revenue 2016: $690,206Expenses 2016: $765,156Net Income 2016: -$74,9502016Revenue 2017: $1,600,186Expenses 2017: $1,194,646Net Income 2017: $405,5402017Revenue 2018: $2,314,612Expenses 2018: $1,602,451Net Income 2018: $712,1612018Revenue 2019: $119,814Expenses 2019: $704,351Net Income 2019: -$584,5372019Revenue 2020: $106,761Expenses 2020: $341,931Net Income 2020: -$235,1702020Revenue 2021: $97,833Expenses 2021: $167,249Net Income 2021: -$69,4162021Revenue 2022: $89,137Expenses 2022: $143,177Net Income 2022: -$54,0402022Revenue 2023: $51,229Expenses 2023: $91,891Net Income 2023: -$40,6622023Revenue 2024: $78,743Expenses 2024: $65,462Net Income 2024: $13,2812024

Highlighted filing

2019

Revenue$119,814
Expenses$704,351
Net Income-$584,537
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2019
Return Version
2018v3.2
Gross Receipts
$119,814
Mission and Program Overview

Mission

This foundation's purpose is to support the educational activities of the academy,inc dba haas hall academy, a public, open-enrollment charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,537,751$782,290▼ $1,755,461
Other Notes and Loans Receivable, Net-$144,912-
Investments in Publicly Traded Securities$7,982$20,823▲ $12,841
Cash and Non-Interest-Bearing Accounts$1,415$3,790▲ $2,375
Total Assets$2,547,148$951,815▼ $1,595,333
Liabilities
Unsecured Notes Loans Payable$999,730--
Accounts Payable and Accrued Expenses$12,162$1,096▼ $11,066
Total Liabilities$1,011,892$1,096▼ $1,010,796
Net Assets / Fund Balance
Unrestricted Net Assets$1,535,256$950,719▼ $584,537
Total Net Assets Fund Balance$1,535,256$950,719▼ $584,537
Total Liabilities and Net Assets / Fund Balance$2,547,148$951,815▼ $1,595,333

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$745,463$855,520$1,600,983
Other Land Buildings$36,827$39,023$75,850
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Martin SchoppmeyerExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$118,950
Program Service Revenue
$0
Investment Income
$864
Other Revenue
$0
Change in Net Assets
$-584,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$704,351
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$291,169--$291,169
Interest$88,439--$88,439
Advertising$52,091--$52,091
Information Technology$24,050--$24,050
All Other Expenses$17,785--$17,785
Other Expenses$15,095--$15,095
Occupancy$9,115--$9,115
Travel$6,504--$6,504
Office Expenses$4,215--$4,215
Fees for Services Legal$3,243--$3,243
Fees for Services Accounting$1,600--$1,600
Total Functional Expenses$704,351$0$0$704,351
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
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 11B

“Return is reviewed by board director prior to filing.”

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

“Nonprofit has no conflict policies.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Academy Foundation Inc
EIN
46-3471569
Phone
4796994930
Address
3880 N FRONT ST, FAYETTEVILLE, AR 72703

Signing Officer

Name
Martin Schoppmeyer
Title
Executive Director
Phone
4796994930
Signed
2019-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin Schoppmeyer
Formed
2013
Legal Domicile
Ar
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Timothy a Bunch CPA Pa
Address
PO BOX 6848, SPRINGDALE, AR 72766
Preparer
Timothy a Bunch
Phone
4793612201
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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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ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:10:58
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0710802928
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TIMOTHY A BUNCH CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 6848
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SPRINGDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd072766
ReturnHeader/PreparerPersonGrp/PhoneNum04793612201
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY A BUNCH
ReturnHeader/ReturnTs02020-07-15T14:10:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$951,815
Liabilities
$1,096
Net assets
$950,719
Revenue
$119,814
Expenses
$704,351
Net income
-$584,537
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.08$0.07$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.05$0.09$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$0.09$0.14$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.10$0.17$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$0.11$0.34$0.24
2019Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.12$0.70$0.58
2018Detailed filing. Detailed filing data is available for this year.$2.55$1.01$1.54$2.31$1.60$0.71
2017Summary only. Only limited summary data is available for this year.$1.32$0.50$0.82$1.60$1.19$0.41
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.50$0.42$0.69$0.77$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.67$0.18$0.49$0.75$0.29$0.46
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.15$0.12$0.03