Civic Intelligence

Greater Vision Academy Inc

990 • Fiscal year 2020 • EIN 47-2307043

Jul 01, 2019 to Jun 30, 2020 • Filed on May 05, 2021

2367 Wagoner RoadGibsonville, NC 27249

(336) 512-4766

Siviq Scores

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

Liabilities / Assets

89th percentile

0.41x

Higher debt load relative to assets than 89% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Liabilities / Revenue

78th percentile

0.07x

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

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Net Margin

9th percentile

-29%

Higher net margin than 9% of similar nonprofits.

2020 filings • NTEE B20 • <$500k nonprofits • Source year 2020

Top Officer Pay

91st percentile

$25,750

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 28.9% of source-year revenue.

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$16,089

No earlier filing loaded for comparison.

Net Assets

$9,507

No earlier filing loaded for comparison.

Liabilities

$6,582

No earlier filing loaded for comparison.

Revenue

$89,217

No earlier filing loaded for comparison.

Expenses

$114,831

No earlier filing loaded for comparison.

Net Income

-$25,614

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2020: $16,089Liabilities 2020: $6,582Net Assets 2020: $9,5072020Assets 2021: $218,929Liabilities 2021: $11,258Net Assets 2021: $207,6712021Assets 2022: $333,071Liabilities 2022: $692Net Assets 2022: $332,3792022Assets 2023: $265,055Liabilities 2023: $1,975Net Assets 2023: $263,0802023Assets 2024: $274,587Liabilities 2024: $41,725Net Assets 2024: $232,8622024Assets 2025: $1,195,524Liabilities 2025: $855,605Net Assets 2025: $339,9192025

Highlighted filing

2020

Assets$16,089
Liabilities$6,582
Net Assets$9,507

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2020: $89,217Expenses 2020: $114,831Net Income 2020: -$25,6142020Revenue 2021: $761,786Expenses 2021: $563,622Net Income 2021: $198,1642021Revenue 2022: $962,793Expenses 2022: $838,085Net Income 2022: $124,7082022Revenue 2023: $1,110,018Expenses 2023: $1,179,317Net Income 2023: -$69,2992023Revenue 2024: $1,211,870Expenses 2024: $1,242,088Net Income 2024: -$30,2182024Revenue 2025: $1,587,701Expenses 2025: $1,378,644Net Income 2025: $209,0572025

Highlighted filing

2020

Revenue$89,217
Expenses$114,831
Net Income-$25,614
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 5, 2021
Return Version
2019v5.0
Gross Receipts
$89,217
Mission and Program Overview

Mission

Greater vision academy is a k-12, christian, non-profit educational institution that is devoted to equipping students with the tools for learning through a christ-centered education. We offer chapel services, bible classes, and a youth church for teens. Our students also benefit from field trips and other church and school related activities throughout the year. Our elective classes include: home economics, physical education, sign language, photography, art, and music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$12,440-
Land, Buildings, and Equipment, Net-$3,649-
Total Assets$0$16,089▲ $16,089
Liabilities
Other Liabilities-$3,498-
Accounts Payable and Accrued Expenses-$3,084-
Total Liabilities$0$6,582▲ $6,582
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$9,507-
Total Net Assets Fund Balance$0$9,507▲ $9,507
Total Liabilities and Net Assets / Fund Balance$0$16,089▲ $16,089

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,649$39,125$42,774
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shanna SummersPresidentPT$25,750$25,750
Jessica BlackDirector-$15,710$15,710
Brenda EllerVice Preside-$14,140$14,140
Karen SandridgeSecretary-$13,905$13,905
Renee HayesDirector-$12,867$12,867
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$89,217
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-25,614
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$70,878
Salaries, Compensation, and Employee Benefits$43,953
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$39,125--$39,125
Other Salaries and Wages$38,301--$38,301
Occupancy$16,723--$16,723
Office Expenses$13,972--$13,972
Payroll Taxes$5,652--$5,652
Insurance$1,058--$1,058
Total Functional Expenses$114,831$0$0$114,831
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
Payroll Taxes Payable$3,498
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
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

Shanna summers brenda eller president vice pres mother

Form 990, Page 6, Part VI, Line 7A

The normal term of office for board members is three (3) years, commencing january 1 and ending december 31, three years later. Re-election of eligible serving members shall be made at the december meeting. After each term of office, each members shall withdraw membership from the board and will not be eligible to be asked to serve again until after the next meeting, provided that, should extenuating circumstances necessitate it, a board member's term may be extended temporarily by a 100% vote of approval by the remaining board members. Members elected at times other than the december meeting shall either:

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

Return is distributed to board members prior to submission of return.

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

Conflict of interest information is revied by board annually.

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

Unfortunately, funds are not available to provide compensation at market value. Salaries are currently at 25% - 50% of comparability data.

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

Unfortunately, funds are not available to provide compensation at market value. Salaries are currently at 25% - 50% of comparability data. Officers are compensated in their role as employees - teachers and administrative staff.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public on request.

Filing and Contact Details

Filer

Filer Name
Greater Vision Academy Inc
EIN
47-2307043
Address
2367 WAGONER ROAD, GIBSONVILLE, NC 27249

Signing Officer

Name
Shanna Summers
Title
President
Signed
2021-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shanna Summers
Voting Board Members
5
Independent Board Members
5
Employees
14

Preparer

Firm
Cobb Ezekiel Loy & Company Pa
Address
POST OFFICE BOX 387, GRAHAM, NC 27253-0387
Preparer
Susan C Ezekiel CPA
Phone
3362271495
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Greater vision academy is a k-12, christian, non-profit educational institution that is devoted to equipping students with the tools for learning through a christ-centered education. We offer chapel services, bible classes, and a youth church for teens. Our students also benefit from field trips and other church and school related activities throughout the year. Our elective classes include: home economics, physical education, sign language, photography, art, and music.

Form 990, Part XI, Line 9

Transfer from nonprofit organization 35,121

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GREATER VISION ACADEMY IS A K-12, CHRISTIAN, NON-PROFIT EDUCATIONAL INSTITUTION THAT IS DEVOTED TO EQUIPPING STUDENTS WITH THE TOOLS FOR LEARNING THROUGH A CHRIST-CENTERED EDUCATION. WE OFFER CHAPEL SERVICES, BIBLE CLASSES, AND A YOUTH CHURCH FOR TEENS. OUR STUDENTS ALSO BENEFIT FROM FIELD TRIPS AND OTHER CHURCH AND SCHOOL RELATED ACTIVITIES THROUGHOUT THE YEAR. OUR ELECTIVE CLASSES INCLUDE: HOME ECONOMICS, PHYSICAL EDUCATION, SIGN LANGUAGE, PHOTOGRAPHY, ART, AND MUSIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SHANNA SUMMERS BRENDA ELLER PRESIDENT VICE PRES MOTHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE NORMAL TERM OF OFFICE FOR BOARD MEMBERS IS THREE (3) YEARS, COMMENCING JANUARY 1 AND ENDING DECEMBER 31, THREE YEARS LATER. RE-ELECTION OF ELIGIBLE SERVING MEMBERS SHALL BE MADE AT THE DECEMBER MEETING. AFTER EACH TERM OF OFFICE, EACH MEMBERS SHALL WITHDRAW MEMBERSHIP FROM THE BOARD AND WILL NOT BE ELIGIBLE TO BE ASKED TO SERVE AGAIN UNTIL AFTER THE NEXT MEETING, PROVIDED THAT, SHOULD EXTENUATING CIRCUMSTANCES NECESSITATE IT, A BOARD MEMBER'S TERM MAY BE EXTENDED TEMPORARILY BY A 100% VOTE OF APPROVAL BY THE REMAINING BOARD MEMBERS. MEMBERS ELECTED AT TIMES OTHER THAN THE DECEMBER MEETING SHALL EITHER:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RETURN IS DISTRIBUTED TO BOARD MEMBERS PRIOR TO SUBMISSION OF RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONFLICT OF INTEREST INFORMATION IS REVIED BY BOARD ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UNFORTUNATELY, FUNDS ARE NOT AVAILABLE TO PROVIDE COMPENSATION AT MARKET VALUE. SALARIES ARE CURRENTLY AT 25% - 50% OF COMPARABILITY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UNFORTUNATELY, FUNDS ARE NOT AVAILABLE TO PROVIDE COMPENSATION AT MARKET VALUE. SALARIES ARE CURRENTLY AT 25% - 50% OF COMPARABILITY DATA. OFFICERS ARE COMPENSATED IN THEIR ROLE AS EMPLOYEES - TEACHERS AND ADMINISTRATIVE STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8TRANSFER FROM NONPROFIT ORGANIZATION 35,121
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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IRS990/USAddress/CityNm0GIBSONVILLE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027249
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SHANNA SUMMERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREATER VISION ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0GREA
ReturnHeader/Filer/EIN0472307043
ReturnHeader/Filer/USAddress/AddressLine1Txt02367 WAGONER ROAD
ReturnHeader/Filer/USAddress/CityNm0GIBSONVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027249
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561104897
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COBB EZEKIEL LOY & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0POST OFFICE BOX 387
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRAHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0272530387
ReturnHeader/PreparerPersonGrp/PhoneNum03362271495
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUSAN C EZEKIEL CPA
ReturnHeader/ReturnTs02021-05-12T07:52:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02020-04-04
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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