Civic Intelligence

Next Generation Academy Inc.

990 • Fiscal year 2024 • EIN 46-4091036

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 29, 2025

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

83rd percentile

0.81x

Higher debt load relative to assets than 83% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

44th percentile

0.18x

Higher debt load relative to revenue than 44% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Source year 2024

Net Margin

35th percentile

-0.2%

Higher net margin than 35% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

27th percentile

$0

Higher top officer pay than 27% of similar nonprofits.

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

2024 filings • NTEE B • $5M-$10M nonprofits • Source year 2024

Asset Growth

2nd percentile

-40%

Faster asset growth than 2% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

30th percentile

-2.4%

Faster revenue growth than 30% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$1,313,755

Down $880,538 (-40%) from 2023

Net Assets

Down

$243,178

Down $13,444 (-5.2%) from 2023

Liabilities

Down

$1,070,577

Down $867,094 (-45%) from 2023

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin35th percentile

Revenue

Down

$6,010,958

Down $148,384 (-2.4%) from 2023

Expenses

Up

$6,024,402

Up $302,196 (+5.3%) from 2023

Net Income

Down

-$13,444

Down $450,580 (-103%) from 2023

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$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

2024

Assets$1,313,755
Liabilities$1,070,577
Net Assets$243,178
Open 2024 Filing

Operations Trend

Revenue Growth30th 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

2024

Revenue$6,010,958
Expenses$6,024,402
Net Income-$13,444
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 29, 2025
Return Version
2023v6.0
Gross Receipts
$6,010,958
Mission and Program Overview

Mission

Operation of a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,625,432$862,075▼ $763,357
Cash and Non-Interest-Bearing Accounts$320,573$308,879▼ $11,694
Accounts Receivable$198,288--
Pledges and Grants Receivable-$162,601-
Prepaid Expenses and Deferred Charges$50,000--
Savings and Temporary Cash Investments-$-19,800-
Total Assets$2,194,293$1,313,755▼ $880,538
Liabilities
Other Liabilities$1,682,353$989,773▼ $692,580
Accounts Payable and Accrued Expenses$184,221$42,715▼ $141,506
Mortgage Notes Payable Secured by Investment Property$71,097$38,089▼ $33,008
Total Liabilities$1,937,671$1,070,577▼ $867,094
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$256,622$243,178▼ $13,444
Total Net Assets Fund Balance$256,622$243,178▼ $13,444
Total Liabilities and Net Assets / Fund Balance$2,194,293$1,313,755▼ $880,538

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$723,852$1,447,704$2,171,556
Equipment$138,223$268,988$407,211
Compensation and Service Providers
Top Officer Pay27th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$1,473,619
Program Service Revenue
$4,537,339
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,406
Change in Net Assets
$-13,444

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,010,958
Total Revenue per Audited Statements
$6,010,958
Total Revenue per Form 990
$6,010,958
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,495,318
Other Expenses$2,529,084
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,478,513$518,860-$2,997,373
Depreciation Depletion$593,945$197,982-$791,927
Other Employee Benefits$243,961$12,544-$256,505
Payroll Taxes$186,195$38,910-$225,105
Occupancy$166,716$41,679-$208,395
Other Expenses$30,000$80,105-$30,000
Interest-$27,733-$27,733
Advertising-$19,059-$19,059
Insurance-$18,915-$18,915
Pension Plan Contributions$11,863$4,472-$16,335
Fees for Services Accounting-$8,640-$8,640
Fees for Services Legal-$355-$355
Total Functional Expenses$4,850,907$1,173,495$0$6,024,402

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,024,402
Total Expenses per Audited Statements$6,024,402
Total Expenses per Form 990$6,024,402
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
Federal income taxes$989,773
Settelement payable-
Short term note payable-
Lease liability-
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
2025-01-29
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
102
Volunteers
7

Preparer

Firm
Rebekah Barr CPA PC
Address
2505-B Nash Street NW, Wilson, NC 27896
Preparer
Rebekah T Barr
Phone
2522946920
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0-19800
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0723852
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01447704
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02171556
IRS990ScheduleD/EquipmentGrp/BookValueAmt0138223
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0268988
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0407211
IRS990ScheduleD/ExpensesSubtotalAmt06024402
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0989773
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Settelement payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Short term note payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Lease liability
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt06010958
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0862075
IRS990ScheduleD/TotalExpensesPerForm990Amt06024402
IRS990ScheduleD/TotalLiabilityAmt0989773
IRS990ScheduleD/TotalRevenuePerForm990Amt06010958
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06010958
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06024402
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
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IRS990/TotalAssetsGrp/BOYAmt02194293
IRS990/TotalAssetsGrp/EOYAmt01313755
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01473619
IRS990/TotalEmployeeCnt0102
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01173495
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04850907
IRS990/TotalFunctionalExpensesGrp/TotalAmt06024402
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01937671
IRS990/TotalLiabilitiesEOYAmt01070577
IRS990/TotalLiabilitiesGrp/BOYAmt01937671
IRS990/TotalLiabilitiesGrp/EOYAmt01070577
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0256622
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0243178
IRS990/TotalProgramServiceExpensesAmt04850907
IRS990/TotalProgramServiceRevenueAmt04537339
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06010958
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02194293
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01313755
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Samuel W Misher
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03362719030
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-29
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
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Rebekah Barr CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02505-B Nash Street NW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Wilson
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027896
ReturnHeader/PreparerPersonGrp/PhoneNum02522946920

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,313,755
Liabilities
$1,070,577
Net assets
$243,178
Revenue
$6,010,958
Expenses
$6,024,402
Net income
-$13,444
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
2024Detailed filing. Detailed filing data is available for this year.$1.31$1.07$0.24$6.01$6.02$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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