Civic Intelligence

Delta School

990 • Fiscal year 2022 • EIN 46-4407804

Jul 01, 2021 to Jun 30, 2022 • Filed on May 10, 2023

1 Park AvenueWilson, AR 72301

(573) 283-5335

Siviq Scores

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

Liabilities / Assets

100th percentile

9.21x

Higher debt load relative to assets than 100% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

3.08x

Higher debt load relative to revenue than 96% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

2nd percentile

-216%

Higher net margin than 2% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

94th percentile

$150,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 19.8% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

68th percentile

13%

Faster asset growth than 68% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-69%

Faster revenue growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$252,547

Up $29,135 (+13%) from 2021

Net Assets

Down

-$2,073,294

Down $1,631,369 (-369%) from 2021

Liabilities

Up

$2,325,841

Up $1,660,504 (+250%) from 2021

Revenue

Down

$756,188

Down $1,676,707 (-69%) from 2021

Expenses

Down

$2,387,557

Down $200,523 (-7.7%) from 2021

Net Income

Down

-$1,631,369

Down $1,476,184 (-951%) from 2021

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2015: $51,178Liabilities 2015: $100,524Net Assets 2015: -$49,3462015Assets 2016: $93,343Liabilities 2016: $0Net Assets 2016: $93,3432016Assets 2017: $107,386Liabilities 2017: $175,341Net Assets 2017: -$67,9552017Assets 2018: $141,214Liabilities 2018: $121,534Net Assets 2018: $19,6802018Assets 2019: $139,844Liabilities 2019: $144,119Net Assets 2019: -$4,2752019Assets 2020: $198,785Liabilities 2020: $485,525Net Assets 2020: -$286,7402020Assets 2021: $223,412Liabilities 2021: $665,337Net Assets 2021: -$441,9252021Assets 2022: $252,547Liabilities 2022: $2,325,841Net Assets 2022: -$2,073,2942022Assets 2023: $177,388Liabilities 2023: $103,413Net Assets 2023: $73,9752023Assets 2024: $21,073Liabilities 2024: $39,203Net Assets 2024: -$18,1302024

Highlighted filing

2022

Assets$252,547
Liabilities$2,325,841
Net Assets-$2,073,294

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $272,236Expenses 2015: $321,582Net Income 2015: -$49,3462015Revenue 2016: $1,765,900Expenses 2016: $1,724,525Net Income 2016: $41,3752016Revenue 2017: $2,212,932Expenses 2017: $2,271,286Net Income 2017: -$58,3542017Revenue 2018: $3,761,731Expenses 2018: $3,674,096Net Income 2018: $87,6352018Revenue 2019: $2,508,834Expenses 2019: $2,532,789Net Income 2019: -$23,9552019Revenue 2020: $2,326,338Expenses 2020: $2,608,803Net Income 2020: -$282,4652020Revenue 2021: $2,432,895Expenses 2021: $2,588,080Net Income 2021: -$155,1852021Revenue 2022: $756,188Expenses 2022: $2,387,557Net Income 2022: -$1,631,3692022Revenue 2023: $5,162,730Expenses 2023: $3,015,461Net Income 2023: $2,147,2692023Revenue 2024: $3,055,812Expenses 2024: $3,147,917Net Income 2024: -$92,1052024

Highlighted filing

2022

Revenue$756,188
Expenses$2,387,557
Net Income-$1,631,369
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 10, 2023
Return Version
2021v4.2
Gross Receipts
$756,188
Mission and Program Overview

Mission

The delta school offers private school education for students in kindergarten through 12th grade using a project-based curriculum with a focus on hands-on learning. The organization offers a variety of educational opportunities through the use of multi-aged classrooms.

The delta school is a private school for students in kindergarten through 12th grade that uses a project-based curriculum with a focus on hands-on learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$127,123$122,805▼ $4,318
Land, Buildings, and Equipment, Net$54,300$96,015▲ $41,715
Accounts Receivable$41,989$28,290▼ $13,699
Prepaid Expenses and Deferred Charges-$5,437-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-441,925$-2,073,294▼ $1,631,369
Total Assets$223,412$252,547▲ $29,135
Liabilities
Other Liabilities$629,230$2,283,299▲ $1,654,069
Deferred Revenue$22,927$26,630▲ $3,703
Accounts Payable and Accrued Expenses$13,180$15,912▲ $2,732
Total Liabilities$665,337$2,325,841▲ $1,660,504
Net Assets / Fund Balance
Total Net Assets Fund Balance$-441,925$-2,073,294▼ $1,631,369
Total Liabilities and Net Assets / Fund Balance$223,412$252,547▲ $29,135

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$96,015$209,813-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Andrew PodollHead of SchoolFT$150,000$150,000

Board Members and Trustees

NameTitle
Tommy WagnerPresident
Heath AdkissonVice President
Brittany SuggDirector
Heather WagnerDirector
Lenore TrammellDirector
Travis SenterDirector
Becton BellSecretary
John JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$29,120
Program Service Revenue
$727,051
Investment Income
$17
Other Revenue
$0
All Other Contributions
$29,120
Change in Net Assets
$-1,631,369

Audited Revenue Reconciliation

Revenue per Audited Statements
$756,188
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$756,188
Total Revenue per Form 990
$756,188
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,663,041
Other Expenses$724,516
Total Fundraising Expense$77,609
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,214,020$265,760$33,261$1,513,041
All Other Expenses$159,363$33,388$2,211$194,962
Current Officers, Directors, Trustees, and Key Employees-$150,000-$150,000
Insurance$38,963$13,344$1,066$53,373
Other Expenses$29,147$9,982$799$39,928
Advertising--$36,288$36,288
Depreciation Depletion$16,775$5,745$460$22,980
Occupancy$5,987$2,051$164$8,202
Total Functional Expenses$1,782,886$527,062$77,609$2,387,557

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,387,557
Total Expenses per Audited Statements$2,387,557
Total Expenses per Form 990$2,387,557
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Line of Credit$2,189,623
Due to Related Party$61,779
Vehicle Note Payable$31,897
Governance and Compliance

Governance Checklist

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

Tommy wagner (director) and heather wagner (director) are married.

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

After the return is prepared by an independent accounting firm, the return is reviewed by the board of directors before submission to the irs.

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

In accordance with the bylaws, the directors sign a statement annually confirming their compliance with the conflicts of interest policy.

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

In accordance with the bylaws, compensation for a position is determined as to what is reasonable for the experience, expertise, geography and needs of the organization. Compensation is dicussed and voted on at board meetings. The resulting decision is recorded in the minutes.

Form 990, Part VI, Section C, Line 18

The organization's tax documents are available to the public upon request.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Delta School
EIN
46-4407804
Phone
5732835335
Address
1 PARK AVENUE, WILSON, AR 72301

Signing Officer

Name
Brittany Sugg
Title
President
Phone
5732835335
Signed
2023-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tommy Wagner
Formed
2014
Legal Domicile
Ar
Voting Board Members
8
Independent Board Members
8
Employees
21
Volunteers
0

Preparer

Firm
The Marston Group Plc
Address
1661 INTERNATIONAL DRIVE SUITE 250, MEMPHIS, TN 38120
Preparer
Beth R Price Jd CPA
Phone
9017613003
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IRS990/ReconcilationRevenueExpnssAmt0-1631369
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0727051
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-441925
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-2073294
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt096015
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0209813
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0305828
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02387557
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt061779
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12189623
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt231897
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2VEHICLE NOTE PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0756188
IRS990ScheduleD/TotalBookValueLandBuildingsAmt096015
IRS990ScheduleD/TotalExpensesPerForm990Amt02387557
IRS990ScheduleD/TotalLiabilityAmt02283299
IRS990ScheduleD/TotalRevenuePerForm990Amt0756188
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0756188
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02387557
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TOMMY WAGNER (DIRECTOR) AND HEATHER WAGNER (DIRECTOR) ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AFTER THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, THE RETURN IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN ACCORDANCE WITH THE BYLAWS, THE DIRECTORS SIGN A STATEMENT ANNUALLY CONFIRMING THEIR COMPLIANCE WITH THE CONFLICTS OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN ACCORDANCE WITH THE BYLAWS, COMPENSATION FOR A POSITION IS DETERMINED AS TO WHAT IS REASONABLE FOR THE EXPERIENCE, EXPERTISE, GEOGRAPHY AND NEEDS OF THE ORGANIZATION. COMPENSATION IS DICUSSED AND VOTED ON AT BOARD MEETINGS. THE RESULTING DECISION IS RECORDED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S TAX DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC 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 C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AR
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0223412
IRS990/TotalAssetsEOYAmt0252547
IRS990/TotalAssetsGrp/BOYAmt0223412
IRS990/TotalAssetsGrp/EOYAmt0252547
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt029120
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt077609
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0527062
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01782886
IRS990/TotalFunctionalExpensesGrp/TotalAmt02387557
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0665337
IRS990/TotalLiabilitiesEOYAmt02325841
IRS990/TotalLiabilitiesGrp/BOYAmt0665337
IRS990/TotalLiabilitiesGrp/EOYAmt02325841
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-441925
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2073294
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0106167
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0106167
IRS990/TotalProgramServiceExpensesAmt01782886
IRS990/TotalProgramServiceRevenueAmt0727051
IRS990/TotalReportableCompFromOrgAmt0150000
IRS990/TotalRevenueGrp/ExclusionAmt017
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0727051
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0756188
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0223412
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0252547
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01 PARK AVENUE
IRS990/USAddress/CityNm0WILSON
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072395
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.THEDELTASCHOOL.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRITTANY SUGG

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