Civic Intelligence

Next Generation Academy Inc.

990 • Fiscal year 2021 • EIN 46-4091036

Jul 01, 2020 to Jun 30, 2021 • Filed on May 30, 2022

3740 South Holden RdGreensboro, NC 27406

(336) 271-9030

Siviq Scores

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

Liabilities / Assets

99th percentile

3.65x

Higher debt load relative to assets than 99% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

75th percentile

0.33x

Higher debt load relative to revenue than 75% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Net Margin

16th percentile

-6.2%

Higher net margin than 16% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

48th percentile

$54,000

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Asset Growth

69th percentile

25%

Faster asset growth than 69% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

65th percentile

28%

Faster revenue growth than 65% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$260,494

Up $52,506 (+25%) from 2020

Net Assets

Down

-$689,508

Down $178,566 (-35%) from 2020

Liabilities

Up

$950,002

Up $231,072 (+32%) from 2020

Revenue

Up

$2,894,979

Up $628,013 (+28%) from 2020

Expenses

Up

$3,073,545

Up $959,840 (+45%) from 2020

Net Income

Down

-$178,566

Down $331,827 (-217%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2018: $304,451Liabilities 2018: $968,654Net Assets 2018: -$664,2032018Assets 2019: $304,451Liabilities 2019: $968,654Net Assets 2019: -$664,2032019Assets 2020: $207,988Liabilities 2020: $718,930Net Assets 2020: -$510,9422020Assets 2021: $260,494Liabilities 2021: $950,002Net Assets 2021: -$689,5082021Assets 2022: $512,660Liabilities 2022: $693,165Net Assets 2022: -$180,5052022Assets 2023: $2,194,293Liabilities 2023: $1,937,671Net Assets 2023: $256,6222023Assets 2024: $1,313,755Liabilities 2024: $1,070,577Net Assets 2024: $243,1782024Assets 2025: $835,286Liabilities 2025: $500,890Net Assets 2025: $334,3962025

Highlighted filing

2021

Assets$260,494
Liabilities$950,002
Net Assets-$689,508

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $1,350,261Expenses 2018: $2,047,775Net Income 2018: -$697,5142018Revenue 2019: $1,350,261Expenses 2019: $2,047,775Net Income 2019: -$697,5142019Revenue 2020: $2,266,966Expenses 2020: $2,113,705Net Income 2020: $153,2612020Revenue 2021: $2,894,979Expenses 2021: $3,073,545Net Income 2021: -$178,5662021Revenue 2022: $5,535,592Expenses 2022: $5,285,497Net Income 2022: $250,0952022Revenue 2023: $6,159,342Expenses 2023: $5,722,206Net Income 2023: $437,1362023Revenue 2024: $6,010,958Expenses 2024: $6,024,402Net Income 2024: -$13,4442024Revenue 2025: $6,881,928Expenses 2025: $6,790,710Net Income 2025: $91,2182025

Highlighted filing

2021

Revenue$2,894,979
Expenses$3,073,545
Net Income-$178,566
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 30, 2022
Return Version
2020v4.0
Gross Receipts
$2,894,979
Mission and Program Overview

Mission

Operation of a public charter school.

Operation of a north carolina public charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$155,818$207,168▲ $51,350
Prepaid Expenses and Deferred Charges$52,170$50,000▼ $2,170
Accounts Receivable-$3,326-
Total Assets$207,988$260,494▲ $52,506
Liabilities
Mortgage Notes Payable Secured by Investment Property$501,880$352,085▼ $149,795
Other Liabilities$5,401$289,096▲ $283,695
Unsecured Notes Loans Payable$186,517$176,328▼ $10,189
Accounts Payable and Accrued Expenses$25,132$132,493▲ $107,361
Total Liabilities$718,930$950,002▲ $231,072
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-510,942$-689,508▼ $178,566
Total Net Assets Fund Balance$-510,942$-689,508▼ $178,566
Total Liabilities and Net Assets / Fund Balance$207,988$260,494▲ $52,506

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$207,168$108,178$315,346
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Samuel W MisherCEOFT$54,000$54,000

Board Members and Trustees

NameTitle
Charles JohnsonBoard Chair
Sebastian KingVice Chair
David MillerMember
Donna FosterMember
Luis BastidasMember
Rosalyn MooreMember
Brian MooreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$468,430
Program Service Revenue
$2,358,763
Investment Income
$0
Other Revenue
$67,786
All Other Contributions
$2,027
Change in Net Assets
$-178,566

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,894,979
Total Revenue per Audited Statements
$2,894,979
Total Revenue per Form 990
$2,894,979
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,700,753
Other Expenses$1,372,792
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,157,042$257,285-$1,414,327
Occupancy$341,887$158,695-$500,582
Fees for Services Other$252,126$131,594-$383,720
Payroll Taxes$92,737$24,949-$117,686
Other Employee Benefits$89,255$24,013-$113,268
Information Technology$58,304$19,435-$77,739
Current Officers, Directors, Trustees, and Key Employees-$54,000-$54,000
Office Expenses$7,871$41,476-$49,347
Interest$31,731$17,086-$48,817
Advertising-$47,411-$47,411
Depreciation Depletion$34,404$11,468-$45,872
Insurance-$18,052-$18,052
All Other Expenses$10,615$2,903-$13,518
Fees for Services Legal-$13,380-$13,380
Other Expenses$11,280$36-$11,316
Conferences and Meetings$6,909$1,730-$8,639
Fees for Services Accounting-$7,350-$7,350
Travel$1,766$5,300-$7,066
Pension Plan Contributions$1,160$312-$1,472
Total Functional Expenses$2,209,361$864,184$0$3,073,545

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,073,545
Total Expenses per Audited Statements$3,073,545
Total Expenses per Form 990$3,073,545
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
Ppp Loan$221,484
Cash Overdraft$67,612
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 2

Sam misher pam misher ceo employee husband / wife

Form 990, Page 6, Part VI, Line 11B

990 tax return is reviewed by the board of directors prior to filing

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

Conflicts of interest are monitored. Any potential conflicts of interest are reviewed and resolved by the board of directors.

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

Executive directors compensation is approved by the board and is based on comparibility data.

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

Key employee salaries are approved by the board and are based on comparibility data.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Next Generation Academy Inc
EIN
46-4091036
Phone
3362719030
Address
3740 SOUTH HOLDEN RD, GREENSBORO, NC 27406

Signing Officer

Name
Dr Samuel W Misher
Title
CEO
Phone
3362719030
Signed
2022-05-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Johnson
Formed
2013
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
91
Volunteers
7

Preparer

Firm
Petway Mills & Pearson Pa
Address
PO BOX 1036, ZEBULON, NC 27597-1036
Preparer
James a Ridoutt
Phone
9192697405
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Repairs & maint 14,552 7,835 0 speech pathology 14,231 0 0 administrative services 0 41,955 0 exceptional students 1,185 0 0 nutrition services 48,270 0 0 miscelleanous contracted svcs 4,474 5,171 0 social work 4,940 0 0 contracted custodial 11,650 3,883 0 contracted financial services 0 38,651 0 contracted technology 11,957 32,649 0 architect fees 4,350 1,450 0 instructional services 136,517 0 0 total 252,126 131,594 0

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3479
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IRS990/PYContributionsGrantsAmt0155313
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0816909
IRS990/PYOtherRevenueAmt011233
IRS990/PYProgramServiceRevenueAmt02100420
IRS990/PYRevenuesLessExpensesAmt0153261
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IRS990/PYTotalRevenueAmt02266966
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
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IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02358763
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0207168
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0108178
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0315346
IRS990ScheduleD/ExpensesSubtotalAmt03073545
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0221484
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt167612
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CASH OVERDRAFT
IRS990ScheduleD/RevenueSubtotalAmt02894979
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0207168
IRS990ScheduleD/TotalExpensesPerForm990Amt03073545
IRS990ScheduleD/TotalLiabilityAmt0289096
IRS990ScheduleD/TotalRevenuePerForm990Amt02894979
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02894979
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03073545
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NEXT GENERATION ACADEMY IS A PUBLIC CHARTER SCHOOL AND IS FUNDED BY THE STATE OF NORTH CAROLINA AND LOCAL GOVERNMENT. NORTH CAROLINA REQUIRES A POLICY OF NONDISCRIMNATION AND THE SCHOOL'S NONDISCRIMINATION POLICY IS DISCLOSED IN ALL SOLICITATIONS FOR STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NORTH CAROLINA CHARTER SCHOOL FUNDED BY STATE & LOCAL GOVERNMENT. ALSO RECEIVES VARIOUS FEDERAL AND STATE GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SAM MISHER PAM MISHER CEO EMPLOYEE HUSBAND / WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 TAX RETURN IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICTS OF INTEREST ARE MONITORED. ANY POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED AND RESOLVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE DIRECTORS COMPENSATION IS APPROVED BY THE BOARD AND IS BASED ON COMPARIBILITY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4KEY EMPLOYEE SALARIES ARE APPROVED BY THE BOARD AND ARE BASED ON COMPARIBILITY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6REPAIRS & MAINT 14,552 7,835 0 SPEECH PATHOLOGY 14,231 0 0 ADMINISTRATIVE SERVICES 0 41,955 0 EXCEPTIONAL STUDENTS 1,185 0 0 NUTRITION SERVICES 48,270 0 0 MISCELLEANOUS CONTRACTED SVCS 4,474 5,171 0 SOCIAL WORK 4,940 0 0 CONTRACTED CUSTODIAL 11,650 3,883 0 CONTRACTED FINANCIAL SERVICES 0 38,651 0 CONTRACTED TECHNOLOGY 11,957 32,649 0 ARCHITECT FEES 4,350 1,450 0 INSTRUCTIONAL SERVICES 136,517 0 0 TOTAL 252,126 131,594 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0260494
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IRS990/TotalContributionsAmt0468430
IRS990/TotalEmployeeCnt091
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02209361
IRS990/TotalFunctionalExpensesGrp/TotalAmt03073545
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0718930
IRS990/TotalLiabilitiesEOYAmt0950002
IRS990/TotalLiabilitiesGrp/BOYAmt0718930
IRS990/TotalLiabilitiesGrp/EOYAmt0950002
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-510942
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-689508
IRS990/TotalProgramServiceExpensesAmt02209361
IRS990/TotalProgramServiceRevenueAmt02358763
IRS990/TotalReportableCompFromOrgAmt054000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02426549
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02894979
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0207988
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0260494
IRS990/TravelGrp/ManagementAndGeneralAmt05300
IRS990/TravelGrp/ProgramServicesAmt01766
IRS990/TravelGrp/TotalAmt07066
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0186517
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0176328
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03470 SOUTH HOLDEN RD
IRS990/USAddress/CityNm0GREENSBORO
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027406
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR SAMUEL W MISHER

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