Civic Intelligence

Plan Bee Academy

990 • Fiscal year 2023 • EIN 47-2486135

Jul 01, 2022 to Jun 30, 2023 • Filed on Dec 03, 2024

4500 Peek TrlChesapeake, VA 23321-2142

(757) 403-4507

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

11th percentile

0.02x

Higher debt load relative to revenue than 11% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

90th percentile

48%

Higher net margin than 90% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

41st percentile

3.3%

Faster asset growth than 41% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-87%

Faster revenue growth than 1% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$15,590,530

Up $497,245 (+3.3%) from 2022

Net Assets

Up

$15,567,611

Up $551,337 (+3.7%) from 2022

Liabilities

Down

$22,919

Down $54,092 (-70%) from 2022

Revenue

Down

$1,138,619

Down $7,413,836 (-87%) from 2022

Expenses

Down

$587,282

Down $5,178,444 (-90%) from 2022

Net Income

Down

$551,337

Down $2,235,392 (-80%) from 2022

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2016: $577,373Liabilities 2016: $342,594Net Assets 2016: $234,7792016Assets 2017: $1,672,380Liabilities 2017: $13,965Net Assets 2017: $1,658,4152017Assets 2018: $3,247,485Liabilities 2018: $7,505Net Assets 2018: $3,239,9802018Assets 2019: $7,584,595Liabilities 2019: $1,785,381Net Assets 2019: $5,799,2142019Assets 2020: $10,025,030Liabilities 2020: $613,976Net Assets 2020: $9,411,0542020Assets 2021: $12,830,400Liabilities 2021: $600,855Net Assets 2021: $12,229,5452021Assets 2022: $15,093,285Liabilities 2022: $77,011Net Assets 2022: $15,016,2742022Assets 2023: $15,590,530Liabilities 2023: $22,919Net Assets 2023: $15,567,6112023Assets 2024: $15,454,686Liabilities 2024: $24,905Net Assets 2024: $15,429,7812024

Highlighted filing

2023

Assets$15,590,530
Liabilities$22,919
Net Assets$15,567,611

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2016: $1,246,533Expenses 2016: $1,011,754Net Income 2016: $234,7792016Revenue 2017: $3,013,371Expenses 2017: $1,590,883Net Income 2017: $1,422,4882017Revenue 2018: $3,942,818Expenses 2018: $2,361,252Net Income 2018: $1,581,5662018Revenue 2019: $5,956,682Expenses 2019: $3,397,448Net Income 2019: $2,559,2342019Revenue 2020: $7,834,865Expenses 2020: $4,223,025Net Income 2020: $3,611,8402020Revenue 2021: $7,855,827Expenses 2021: $5,037,335Net Income 2021: $2,818,4922021Revenue 2022: $8,552,455Expenses 2022: $5,765,726Net Income 2022: $2,786,7292022Revenue 2023: $1,138,619Expenses 2023: $587,282Net Income 2023: $551,3372023Revenue 2024: $263,786Expenses 2024: $432,498Net Income 2024: -$168,7122024

Highlighted filing

2023

Revenue$1,138,619
Expenses$587,282
Net Income$551,337
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Dec 3, 2024
Return Version
2022v5.0
Gross Receipts
$1,142,727
Mission and Program Overview

Mission

School

School Provide educational programs for students with Autism and related disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$15,016,274$15,567,611▲ $551,337
Savings and Temporary Cash Investments$6,111,458$6,192,891▲ $81,433
Cash and Non-Interest-Bearing Accounts$3,204,262$3,770,834▲ $566,572
Land, Buildings, and Equipment, Net$3,620,756$3,528,747▼ $92,009
Accounts Receivable$151,809$0▼ $151,809
Prepaid Expenses and Deferred Charges-$34,970-
Total Assets$15,093,285$15,590,530▲ $497,245
Other Assets Total$2,005,000$2,063,088▲ $58,088
Liabilities
Other Liabilities$77,011$22,919▼ $54,092
Total Liabilities$77,011$22,919▼ $54,092
Net Assets / Fund Balance
Total Net Assets Fund Balance$15,016,274$15,567,611▲ $551,337
Total Liabilities and Net Assets / Fund Balance$15,093,285$15,590,530▲ $497,245

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,947,724$216,095$2,163,819
Land$1,445,765-$1,445,765
Equipment$135,258$244,172$379,430
Other Assets Org$1,140,946--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christine HolmesDirector/Bookkeeper
Wendy FitchExecutive Director
None-
Revenue and Support

Revenue Composition

Contributions and Grants
$46,042
Program Service Revenue
$540,281
Investment Income
$133,308
Other Revenue
$418,988
All Other Contributions
$46,042
Change in Net Assets
$551,337
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$563,707
Grants and Similar Amounts Paid$22,387
Salaries, Compensation, and Employee Benefits$1,188
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$248,172$0$0$248,172
Occupancy$153,658$0$0$153,658
Depreciation Depletion$116,545$0$0$116,545
Office Expenses$35,372$0$0$35,372
Grants to Domestic Orgs$22,387--$22,387
Fees for Services Legal$6,435$0$0$6,435
Advertising$2,140$0$0$2,140
Fees for Services Lobbying$1,000$0$0$1,000
Other Employee Benefits$728$0$0$728
Payroll Taxes$460$0$0$460
Travel$381$0$0$381
Interest$4$0$0$4
Total Functional Expenses$587,282$0$0$587,282
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$116,823
Fundraising Direct Expenses$4,108
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-DirectorsSee attached scheduleNo$288,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension withholdings$15,937
Credit card payable$6,982
Payroll taxes payable$0
Sunshine Fund Payable$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Plan Bee Academy
EIN
47-2486135
Phone
7574034507
Address
4500 Peek Trl, Chesapeake, VA 23321-2142

Signing Officer

Name
Wendy Fitch
Title
Executive Director
Phone
7574034507
Signed
2024-12-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendy Fitch
Formed
2015
Legal Domicile
Va
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
2

Preparer

Firm
Charles S Lowder & Co LLC
Address
815 General Pickett Drive, Suffolk, VA 23434
Preparer
Charles S Lowder CPA
Phone
7576419755
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Directors meets with CPA and review.

Pt VI, Line 2

Wendy Fitch is a sister to Christine Holmes the other director.

Pt VI, Line 1A

Equal voting authority.

Pt VI, Line 19

No documents available to the public.

Form 990, Part IX, Line 24E

ADT Security 17081. 17081. 0. 0.

Form 990, Part IX, Line 24E

Marketing 1190. 1190. 0. 0.

Form 990, Part IX, Line 24E

Bank Charges 58. 58. 0. 0.

Form 990, Part IX, Line 24E

Equipment Rental 1451. 1451. 0. 0.

Form 990, Part IX, Line 24E

Outside Contract Services 52369. 52369. 0. 0.

Form 990, Part IX, Line 24E

Special events 7950. 7950. 0. 0.

Form 990, Part IX, Line 24E

Tuition reimbursement 44554. 44554. 0. 0.

Form 990, Part IX, Line 24E

Auto expenses 23406. 23406. 0. 0.

Form 990, Part IX, Line 24E

Building repairs 85224. 85224. 0. 0.

Form 990, Part IX, Line 24E

Personal property tax 723. 723. 0. 0.

Form 990, Part IX, Line 24E

Taxes & licenses 10438. 10438. 0. 0.

Form 990, Part IX, Line 24E

Janitorial 2172. 2172. 0. 0.

Form 990, Part IX, Line 24E

Miscellaneous 1556. 1556. 0. 0.

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

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IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0NONE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Plan Bee Academy Inc
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Directors
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0288000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0See attached schedule
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0916192
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0Plan Bee Academy Inc
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Operating
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt02000000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Directors
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Loans - Plan Bee Academy loaned $2,000,000 to Plan Bee Academy, Inc in
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt1June 2022 at a rate of 3.25%. The loan balance as of June 30, 2023 was
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt2$916,192. The loan was paid in full in August 2023. The directors of the nonprofit (lessor) are also owners of the corporation (lessee).
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt3Rental - Plan Bee Academy receives $24,000 a month for the leasing of a facility to Plan Bee Academy, Inc.
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt4Effective July 1, 2022, Plan Bee Academy, Inc took over operations of the school.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc026
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc126
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc226
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc328a
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc428a
IRS990ScheduleL/TotalBalanceDueAmt0916192
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Directors meets with CPA and review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Wendy Fitch is a sister to Christine Holmes the other director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Equal voting authority.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ADT Security 17081. 17081. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Marketing 1190. 1190. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Bank Charges 58. 58. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Equipment Rental 1451. 1451. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Outside Contract Services 52369. 52369. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Special events 7950. 7950. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Tuition reimbursement 44554. 44554. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Auto expenses 23406. 23406. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Building repairs 85224. 85224. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Personal property tax 723. 723. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Taxes & licenses 10438. 10438. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Janitorial 2172. 2172. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Miscellaneous 1556. 1556. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt015093285
IRS990/TotalAssetsEOYAmt015590530
IRS990/TotalAssetsGrp/BOYAmt015093285
IRS990/TotalAssetsGrp/EOYAmt015590530
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt046042
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0587282
IRS990/TotalFunctionalExpensesGrp/TotalAmt0587282
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt077011
IRS990/TotalLiabilitiesEOYAmt022919
IRS990/TotalLiabilitiesGrp/BOYAmt077011
IRS990/TotalLiabilitiesGrp/EOYAmt022919
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt015016274
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt015567611
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0587282
IRS990/TotalProgramServiceRevenueAmt0540281
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0112715
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0979862
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01138619
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015093285
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015590530
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt0381
IRS990/TravelGrp/TotalAmt0381
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false

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