Gift of Knowledge Academy Inc

990EZ • Fiscal year 2018 • EIN 46-5276248

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 14, 2018

Organization Profile www.giftofknowledgeacademy.org

Refreshing map…

634 Poplar StreetDurham, NC 27703

(919) 818-8181

Siviq Scores

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

1.00x

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

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

0.03x

Higher debt load relative to revenue than 78% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

-9.8%

Higher net margin than 25% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

$4,101

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 17.7% of source-year revenue.

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

169%

Faster asset growth than 95% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Annualized from 2017 to 2018

-63%

Faster revenue growth than 6% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet

Liabilities / Assets96th percentile

Assets

$767

Up $482 (+169%) from 2017

Net Assets

No earlier filing loaded for comparison.

Liabilities

Down

$767

Down $2,149 (-74%) from 2017

Revenue And Expenses

Liabilities / Revenue78th percentile Net Margin25th percentile

Revenue

Down

$23,204

Down $39,854 (-63%) from 2017

Expenses

Down

$25,476

Down $42,394 (-62%) from 2017

Net Income

-$2,272

Up $2,540 (+53%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

Highlighted filing

2018

Assets$767

Liabilities$767

Net Assets$0

Open 2018 Filing

Operations Trend

Revenue Growth6th percentile

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

Highlighted filing

2018

Revenue$23,204

Expenses$25,476

Net Income-$2,272

Open 2018 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2017 to Jun 30, 2018
Signed: Nov 14, 2018
Return Version: 2017v2.3
Gross Receipts: $23,204

Mission and Program Overview

Mission

Education

Program Services

Description	Grants	Expenses
Provided literacy and math to low-income kids in grades K-2	$0	$25,528

Compensation and Service Providers

Top Officer Pay86th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Deborah Watkins	Executive Director	FT	$4,101	-	$4,101

Filing and Contact Details

Filer

Filer Name: Gift of Knowledge Academy Inc
EIN: 46-5276248
Phone: 9198188181
Address: 634 Poplar Street, Durham, NC 27703

Signing Officer

Name: Deborah Watkins
Title: Executive Director
Phone: 9198188181
Signed: 2018-11-14

Preparer

Firm: LA WYNNPA Certified Public Accountant
Address: 5850 Fayetteville Road, Durham, NC 27713
Preparer: L A Wynn
Phone: 9199730714

Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: Employee benefits (officer). Amount: 281. Description: Office Supplies. Amount: 1002. Description: Postage. Amount: 19. Description: Mailing Services. Amount: 5. Description: Advertising. Amount: 75. Description: Insurance. Amount: 676. Description: Repair and Maintenance. Amount: 30. Description: Program Supplies. Amount: 586. Description: Bank Service Fees. Amount: 624. Description: Food. Amount: 1549. Description: Miscellaneous. Amount: 15. Total to Form 990-EZ, line 16: 4862.”

Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets

“Amount: 4903.”

Form 990-EZ, Part II, Line 24 - Other Assets

“Description: DPS Receivable. Beg. of Year Amount: 0. End of Year Amount: 4. Description: Sales Tax Recevable. Beg. of Year Amount: 0. End of Year Amount: 110. Description: SunTrust for FUTA. Beg. of Year Amount: 0. End of Year Amount: 81.”

Form 990-EZ, Part II, Line 26 - Other Liabilities

“Description: Accounts Payable . Beg. of Year Amount: 2916. End of Year Amount: 767.”

Raw XML Appendix148 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	0
IRS990EZ/BooksInCareOfDetail/PersonNm	0	Deborah Watkins
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	9198188181
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	634 Poplar Street
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	Durham
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	27703
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	285
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	572
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	0
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	2669
IRS990EZ/DirectIndirectPltclExpendAmt	0	0
IRS990EZ/DonorAdvisedFndsInd	0	0
IRS990EZ/EngagedInExcessBenefitTransInd	0	0
IRS990EZ/ExcessOrDeficitForYearAmt	0	-2272
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	2950
IRS990EZ/FiledScheduleAInd	0	1
IRS990EZ/ForeignFinancialAccountInd	0	0
IRS990EZ/ForeignOfficeInd	0	0
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	285
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	767
IRS990EZ/GrossReceiptsAmt	0	23204
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InfoInScheduleOPartVInd	0	X
IRS990EZ/LoansToFromOfficersAmt	0	58732
IRS990EZ/LobbyingActivitiesInd	0	0
IRS990EZ/MadeLoansToFromOfficersInd	0	1
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	-2631
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	0
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	-2631
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	0
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	538
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	80.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	4101
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	Deborah Watkins
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	Executive Director
IRS990EZ/OperateHospitalInd	0	0
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	0
IRS990EZ/OrganizationHadUBIInd	0	0
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	0
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	195
IRS990EZ/OtherChangesInNetAssetsAmt	0	4903
IRS990EZ/OtherExpensesTotalAmt	0	4862
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	0
IRS990EZ/PrimaryExemptPurposeTxt	0	Education
IRS990EZ/PrintingPublicationsPostageAmt	0	490
IRS990EZ/ProgramServiceRevenueAmt	0	20535
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	Provided literacy and math to low-income kids in grades K-2
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	25528
IRS990EZ/ProhibitedTaxShelterTransInd	0	0
IRS990EZ/RelatedOrganizationCtrlEntInd	0	0
IRS990EZ/SalariesOtherCompEmplBnftAmt	0	16636
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	1
IRS990EZ/SubjectToProxyTaxInd	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	2916
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	767
IRS990EZ/TanningServicesProvidedInd	0	0
IRS990EZ/TaxImposedOnOrganizationMgrAmt	0	0
IRS990EZ/TaxImposedUnderIRC4911Amt	0	0
IRS990EZ/TaxImposedUnderIRC4912Amt	0	0
IRS990EZ/TaxImposedUnderIRC4955Amt	0	0
IRS990EZ/TaxReimbursedByOrganizationAmt	0	0
IRS990EZ/TotalExpensesAmt	0	25476
IRS990EZ/TotalProgramServiceExpensesAmt	0	25528
IRS990EZ/TotalRevenueAmt	0	23204
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	0
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	www.giftofknowledgeacademy.org
IRS990ScheduleA/SchoolInd	0	X
IRS990ScheduleE/ComplianceWithRevProc7550Ind	0	1
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd	0	0
IRS990ScheduleE/DiscriminateRaceAthltProgInd	0	0
IRS990ScheduleE/DiscriminateRaceEducPlcyInd	0	0
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd	0	0
IRS990ScheduleE/DiscriminateRaceOtherActyInd	0	0
IRS990ScheduleE/DiscriminateRaceSchsInd	0	0
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd	0	0
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd	0	0
IRS990ScheduleE/GovernmentFinancialAidRcvdInd	0	0
IRS990ScheduleE/GovernmentFinancialAidRvkdInd	0	0
IRS990ScheduleE/MaintainCpyOfAllSolInd	0	1
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd	0	1
IRS990ScheduleE/MaintainRacialCompRecsInd	0	1
IRS990ScheduleE/MaintainScholarshipsRecsInd	0	1
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd	0	1
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd	0	1
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd	0	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	0	58732
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	0	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	0	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt	0	Operations
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd	0	X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt	0	57133
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm	0	Deborah Watkins
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt	0	Executive Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd	0	1
IRS990ScheduleL/TotalBalanceDueAmt	0	58732
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	Description: Employee benefits (officer). Amount: 281. Description: Office Supplies. Amount: 1002. Description: Postage. Amount: 19. Description: Mailing Services. Amount: 5. Description: Advertising. Amount: 75. Description: Insurance. Amount: 676. Description: Repair and Maintenance. Amount: 30. Description: Program Supplies. Amount: 586. Description: Bank Service Fees. Amount: 624. Description: Food. Amount: 1549. Description: Miscellaneous. Amount: 15. Total to Form 990-EZ, line 16: 4862.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	Amount: 4903.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	Description: DPS Receivable. Beg. of Year Amount: 0. End of Year Amount: 4. Description: Sales Tax Recevable. Beg. of Year Amount: 0. End of Year Amount: 110. Description: SunTrust for FUTA. Beg. of Year Amount: 0. End of Year Amount: 81.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	Description: Accounts Payable . Beg. of Year Amount: 2916. End of Year Amount: 767.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	Form 990-EZ, Part II, Line 24 - Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	Form 990-EZ, Part II, Line 26 - Other Liabilities
TransferPrsnlBnftContractsDecl/DeclarationDesc	0	The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS	0	2019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	Deborah Watkins
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	9198188181
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2018-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	Gift of Knowledge Academy Inc
ReturnHeader/Filer/BusinessNameControlTxt	0	GIFT
ReturnHeader/Filer/EIN	0	465276248
ReturnHeader/Filer/PhoneNum	0	9198188181
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	634 Poplar Street
ReturnHeader/Filer/USAddress/CityNm	0	Durham
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	NC
ReturnHeader/Filer/USAddress/ZIPCd	0	27703
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId	0	3205F218A023D54B00CBE519ADBD24649E575D00
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId	0	3205F218A023D54B00CBE519ADBD24649E575D00
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd	0	P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt	0	45.37.69.198
ReturnHeader/FilingSecurityInformation/IPDt	0	2018-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd	0	ES
ReturnHeader/FilingSecurityInformation/IPTm	0	12:38:22
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	270032918
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	LA WYNNPA Certified Public Accountant
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	5850 Fayetteville Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	Durham
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	27713
ReturnHeader/PreparerPersonGrp/PhoneNum	0	9199730714
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	L A Wynn
ReturnHeader/ReturnTs	0	2018-11-14T12:38:25-06:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2017-07-01
ReturnHeader/TaxPeriodEndDt	0	2018-06-30
ReturnHeader/TaxYr	0	2017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $767
Liabilities: $767
Net assets: $0
Revenue: $23,204
Expenses: $25,476
Net income: -$2,272

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Detailed filing. Detailed filing data is available for this year.	$2.02	$84.6	$82.6	$41.8	$41.4	$0.48
2024Summary only. Only limited summary data is available for this year.	$1.66	$84.7		$39.3	$40.5	$1.25
2023Summary only. Only limited summary data is available for this year.	$1.41	$83.2		$18.2	$31.4	$13.3
2022Summary only. Only limited summary data is available for this year.	$2.19	$70.7		$19.1	$29.4	$10.3
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.46	$60.7	$58.2	$18.2	$20.1	$1.86
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$59.8	$58.7	$1.10	$21.5	$20.3	$1.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$58.6	$58.7	$0.11	$28.5	$28.6	$0.11
2018Detailed filing. Detailed filing data is available for this year.	$0.77	$0.77	$0.00	$23.2	$25.5	$2.27
2017Summary only. Only limited summary data is available for this year.	$0.29	$2.92		$63.1	$67.9	$4.81