Civic Intelligence

Next Generation Academy Inc.

990 • Fiscal year 2023 • EIN 46-4091036

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 30, 2024

Organization Profilewww.ngagso.org
3470 South Holden RoadGreensboro, NC 27406

(336) 271-9030

Siviq Scores

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

Liabilities / Assets

88th percentile

0.88x

Higher debt load relative to assets than 88% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

56th percentile

0.31x

Higher debt load relative to revenue than 56% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Net Margin

56th percentile

7.1%

Higher net margin than 56% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

34th percentile

$82,500

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Asset Growth

97th percentile

328%

Faster asset growth than 97% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

61st percentile

11%

Faster revenue growth than 61% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$2,194,293

Up $1,681,633 (+328%) from 2022

Net Assets

Up

$256,622

Up $437,127 (+242%) from 2022

Liabilities

Up

$1,937,671

Up $1,244,506 (+180%) from 2022

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin56th percentile

Revenue

Up

$6,159,342

Up $623,750 (+11%) from 2022

Expenses

Up

$5,722,206

Up $436,709 (+8.3%) from 2022

Net Income

Up

$437,136

Up $187,041 (+75%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

2023

Assets$2,194,293
Liabilities$1,937,671
Net Assets$256,622
Open 2023 Filing

Operations Trend

Revenue Growth61st percentile

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

2023

Revenue$6,159,342
Expenses$5,722,206
Net Income$437,136
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 30, 2024
Return Version
2022v5.0
Gross Receipts
$6,159,342
Mission and Program Overview

Mission

Operation of a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$246,087$1,625,432▲ $1,379,345
Cash and Non-Interest-Bearing Accounts-$320,573-
Accounts Receivable$216,573$198,288▼ $18,285
Prepaid Expenses and Deferred Charges$50,000$50,000→ $0
Total Assets$512,660$2,194,293▲ $1,681,633
Liabilities
Other Liabilities$308,552$1,682,353▲ $1,373,801
Accounts Payable and Accrued Expenses$267,320$184,221▼ $83,099
Mortgage Notes Payable Secured by Investment Property$102,165$71,097▼ $31,068
Unsecured Notes Loans Payable$15,128--
Total Liabilities$693,165$1,937,671▲ $1,244,506
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-180,505$256,622▲ $437,127
Total Net Assets Fund Balance$-180,505$256,622▲ $437,127
Total Liabilities and Net Assets / Fund Balance$512,660$2,194,293▲ $1,681,633

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,447,704$723,852$2,171,556
Equipment$177,728$229,483$407,211
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dr Samuel MisherCEOFT$82,500$82,500

Board Members and Trustees

NameTitle
David MillerBoard Chair
Sebastian KingVice Chair
Charnelle ShephardBoard Member
Donald WilliamsBoard Member
Luis BastidasBoard Member
Ronnie Liggins JrBoard Member
Brian MooreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,523,086
Program Service Revenue
$4,636,256
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,444
Change in Net Assets
$437,136

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,159,342
Total Revenue per Audited Statements
$6,159,342
Total Revenue per Form 990
$6,159,342
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,274,170
Other Expenses$2,448,036
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,294,152$495,527-$2,789,679
Depreciation Depletion$594,158$198,053-$792,211
Other Employee Benefits$218,500$19,839-$238,339
Payroll Taxes$190,254$40,913-$231,167
Occupancy$73,432$18,358-$91,790
Interest-$78,342-$78,342
Fees for Services Legal-$59,759-$59,759
Other Expenses$35,532$51,836-$51,836
Insurance-$19,263-$19,263
Pension Plan Contributions$14,985--$14,985
Advertising-$12,827-$12,827
Fees for Services Accounting-$9,050-$9,050
Total Functional Expenses$4,413,794$1,308,412$0$5,722,206

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,722,206
Total Expenses per Audited Statements$5,722,206
Total Expenses per Form 990$5,722,206
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
Short term note payable$1,571,365
Federal income taxes$108,333
Settelement payable$2,655
Lease liability-
Cash overdraft-
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, Part VI, Section A, Line 2

“Samuel Misher, CEO and Pam Misher, employee are husband and wife.”

Form 990, Part VI, Section B, Line 11B

“The executive director reviews the 990 and presents to the board of directors for approval.”

Form 990, Part VI, Section B, Line 12C

“At monthly board meetings the board discusses any potential conflicts of interest. If any member has a potential conflict that person does not participate in the decision-making process or vote on the matter.”

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

“Executive directors compensation is approved by the board and is based on comparability data and performance.”

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

“Officers do not receive compensation. Key employees salaries are based on the state salary scale.”

Form 990, Part VI, Section C, Line 19

“Governing documents, school policies, and financial statements are available for viewing by the public at the organizations office upon request.”

Filing and Contact Details

Filer

Filer Name
Next Generation Academy
EIN
46-4091036
In Care Of
% David Miller
Phone
3362719030
Address
3470 South Holden Road, Greensboro, NC 27406

Signing Officer

Name
Samuel W Misher
Title
CEO
Phone
3362719030
Signed
2024-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Samuel W Misher
Formed
2013
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
97
Volunteers
7

Preparer

Firm
Rebekah Barr CPA PC
Address
1520 Nash Street N, Wilson, NC 27893
Preparer
Rebekah T Barr
Phone
2522946920
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IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01447704
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0723852
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02171556
IRS990ScheduleD/EquipmentGrp/BookValueAmt0177728
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0229483
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0407211
IRS990ScheduleD/ExpensesSubtotalAmt05722206
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0108333
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12655
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21571365
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Settelement payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Short term note payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Lease liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Cash overdraft
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt06159342
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01625432
IRS990ScheduleD/TotalExpensesPerForm990Amt05722206
IRS990ScheduleD/TotalLiabilityAmt01682353
IRS990ScheduleD/TotalRevenuePerForm990Amt06159342
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06159342
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05722206
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/ExplanationTxt0North Carolina charter schools are funded by the State and Local Governments. The School also receives various federal grants.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Samuel Misher, CEO and Pam Misher, employee are husband and wife.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The executive director reviews the 990 and presents to the board of directors for approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2At monthly board meetings the board discusses any potential conflicts of interest. If any member has a potential conflict that person does not participate in the decision-making process or vote on the matter.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Executive directors compensation is approved by the board and is based on comparability data and performance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Officers do not receive compensation. Key employees salaries are based on the state salary scale.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing documents, school policies, and financial statements are available for viewing by the public at the organizations office upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0512660
IRS990/TotalAssetsEOYAmt02194293
IRS990/TotalAssetsGrp/BOYAmt0512660
IRS990/TotalAssetsGrp/EOYAmt02194293
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01523086
IRS990/TotalEmployeeCnt097
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01308412
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04413794
IRS990/TotalFunctionalExpensesGrp/TotalAmt05722206
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0693165
IRS990/TotalLiabilitiesEOYAmt01937671
IRS990/TotalLiabilitiesGrp/BOYAmt0693165
IRS990/TotalLiabilitiesGrp/EOYAmt01937671
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-180505
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0256622
IRS990/TotalProgramServiceExpensesAmt04413794
IRS990/TotalProgramServiceRevenueAmt04636256
IRS990/TotalReportableCompFromOrgAmt082500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06159342
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0512660
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02194293
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt015128
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03470 South Holden Road
IRS990/USAddress/CityNm0Greensboro
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027406
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0https://www.ngagso.org/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Samuel W Misher
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03362719030
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Next Generation Academy
ReturnHeader/Filer/BusinessNameControlTxt0NEXT
ReturnHeader/Filer/EIN0464091036
ReturnHeader/Filer/InCareOfNm0% David Miller
ReturnHeader/Filer/PhoneNum03362719030
ReturnHeader/Filer/USAddress/AddressLine1Txt03470 South Holden Road
ReturnHeader/Filer/USAddress/CityNm0Greensboro
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027406
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271832948

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,194,293
Liabilities
$1,937,671
Net assets
$256,622
Revenue
$6,159,342
Expenses
$5,722,206
Net income
$437,136
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.84$0.50$0.33$6.88$6.79$0.09
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$1.07$0.24$6.01$6.02$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.19$1.94$0.26$6.16$5.72$0.44
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.69$0.18$5.54$5.29$0.25
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.95$0.69$2.89$3.07$0.18
2020Summary only. Only limited summary data is available for this year.$0.21$0.72$0.51$2.27$2.11$0.15
2019Summary only. Only limited summary data is available for this year.$0.30$0.97$0.66$1.35$2.05$0.70
2018Summary only. Only limited summary data is available for this year.$0.30$0.97$0.66$1.35$2.05$0.70