Civic Intelligence

Latin Grammar School Inc

990 • Fiscal year 2018 • EIN 47-3432747

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2019

Organization ProfileWWW.THERISESCHOOLS.ORG
2626 Hogan RoadEast Point, GA 30344

(404) 669-8060

Siviq Scores

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

Liabilities / Assets

89th percentile

0.83x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

80th percentile

0.59x

Higher debt load relative to revenue than 80% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

40th percentile

0.1%

Higher net margin than 40% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

67th percentile

7.0%

Faster asset growth than 67% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

80th percentile

27%

Faster revenue growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$2,401,414

Up $157,559 (+7.0%) from 2017

Net Assets

Up

$406,260

Up $4,025 (+1.0%) from 2017

Liabilities

Up

$1,995,154

Up $153,534 (+8.3%) from 2017

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin40th percentile

Revenue

Up

$3,357,208

Up $718,024 (+27%) from 2017

Expenses

Up

$3,353,183

Up $830,543 (+33%) from 2017

Net Income

Down

$4,025

Down $112,519 (-97%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$3.0M$2.0M$1.0M$0Assets 2015: $1,701Liabilities 2015: $0Net Assets 2015: $1,7012015Assets 2016: $709,537Liabilities 2016: $423,846Net Assets 2016: $285,6912016Assets 2017: $2,243,855Liabilities 2017: $1,841,620Net Assets 2017: $402,2352017Assets 2018: $2,401,414Liabilities 2018: $1,995,154Net Assets 2018: $406,2602018Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2018

Assets$2,401,414
Liabilities$1,995,154
Net Assets$406,260
Open 2018 Filing

Operations Trend

Revenue Growth80th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $1,939Expenses 2015: $238Net Income 2015: $1,7012015Revenue 2016: $2,049,204Expenses 2016: $1,765,214Net Income 2016: $283,9902016Revenue 2017: $2,639,184Expenses 2017: $2,522,640Net Income 2017: $116,5442017Revenue 2018: $3,357,208Expenses 2018: $3,353,183Net Income 2018: $4,0252018Revenue 2020: $0Expenses 2020: $334,956Net Income 2020: -$334,9562020

Highlighted filing

2018

Revenue$3,357,208
Expenses$3,353,183
Net Income$4,025
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.3
Gross Receipts
$3,357,208
Mission and Program Overview

Mission

Rise grammar school is a primary school, whose mission is to prepare each of its students to enter and succeed in college, develop strong character, and live with purpose.

Latin grammar school is a primary school, whose mission is to prepare each of its students to enter and succeed in college, develop strong character, and live with purpose.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$560,078$795,232▲ $235,154
Land, Buildings, and Equipment, Net$130,631$118,943▼ $11,688
Pledges and Grants Receivable$2,029$0▼ $2,029
Total Assets$2,243,855$2,401,414▲ $157,559
Other Assets Total$1,551,117$1,487,239▼ $63,878
Liabilities
Other Liabilities$1,803,317$1,940,409▲ $137,092
Accounts Payable and Accrued Expenses$38,303$54,745▲ $16,442
Total Liabilities$1,841,620$1,995,154▲ $153,534
Net Assets / Fund Balance
Unrestricted Net Assets$402,235$406,260▲ $4,025
Total Net Assets Fund Balance$402,235$406,260▲ $4,025
Total Liabilities and Net Assets / Fund Balance$2,243,855$2,401,414▲ $157,559

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$40,948$279,136$320,084
Other Land Buildings$77,995$87,903$165,898
Other Assets Org$1,487,239--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Candace TateBoard Chair
Shannon WhiteVice Chair/secretary
Brandon ArenstonBoard Member
Karl PrevostBoard Member
Andrew MckinnonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,337,162
Program Service Revenue
$19,896
Investment Income
$150
Other Revenue
$0
All Other Contributions
$180,552
Change in Net Assets
$4,025

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,357,208
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,357,208
Total Revenue per Form 990
$3,357,208
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,239,360
Other Expenses$1,113,823
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,242,645$336,060-$1,578,705
Other Employee Benefits$492,988$133,323-$626,311
All Other Expenses$83,120$143,287-$226,407
Travel$159,581--$159,581
Depreciation Depletion$134,518--$134,518
Other Expenses$50,639--$50,639
Occupancy-$45,833-$45,833
Fees for Services Legal-$36,429-$36,429
Payroll Taxes$27,033$7,311-$34,344
Office Expenses-$11,560-$11,560
Insurance-$10,713-$10,713
Fees for Services Accounting-$4,201-$4,201
Advertising-$216-$216
Total Functional Expenses$2,624,250$728,933$0$3,353,183

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,353,183
Total Expenses per Audited Statements$3,353,183
Total Expenses per Form 990$3,353,183
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
Net Pension Liability$1,919,305
Deferred Inflows of Resources$20,451
Capital Lease Obligation$653
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 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 B, Line 11B

“The organization provides a copy to the governing body before filing.”

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

“The board monitors compliance with the conflict of interest policy during regular board meetings.”

Form 990, Part VI, Section B, Line 15

“Executive director determines salaries and provides notification to the board.”

Form 990, Part VI, Section C, Line 18

“The school makes its 990 available for the public to review upon request at the business office.”

Form 990, Part VI, Section C, Line 19

“The school makes its governing documents, conflict of interest policy and financial statements available for the public to review upon request at the business office.”

Filing and Contact Details

Filer

Filer Name
Latin Grammar School Inc
EIN
47-3432747
Phone
4046698060
Address
2626 HOGAN ROAD, EAST POINT, GA 30344

Signing Officer

Name
Candace Tate
Title
Board Chair
Phone
4046698060
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Candace Tate
Formed
2014
Legal Domicile
Ga
Voting Board Members
4
Independent Board Members
4
Employees
31
Volunteers
3

Preparer

Firm
Marshall Jones & Co
Address
26 LENOX POINTE NE, ATLANTA, GA 30324-3169
Preparer
Nathan Lummus
Phone
4042312001
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization did not change its oversight process of the audit during the year.”

Financial Statement Notes

PART X, LINE 2:

“The school only recognizes the tax benefit from an uncertain tax position taken or expected to be taken in a tax return if the tax position is more likely than not to be sustained upon an examination, based on the technical merits of the position. Management has analyzed tax positions taken for filings with the internal revenue service and all state jurisdictions where the school operates. Management believes that income tax filing positions would be sustained upon examination and does not anticipate that any adjustments would result in a material adverse effect on the school's financial condition, results of operations or cash flows. Accordingly, the school has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at june 30, 2018.”

Raw XML Appendix389 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.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL ONLY RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IF THE TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON AN EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS ANALYZED TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE THE SCHOOL OPERATES. MANAGEMENT BELIEVES THAT INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE THAT ANY ADJUSTMENTS WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE SCHOOL'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE SCHOOL HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03353183
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0BUDGETED YEARLY FUNDING SOURCES RECEIVED BY THE SCHOOL INCLUDE: (1) PER STUDENT FUNDING FROM THE FULTON COUNTY SCHOOL SYSTEM BASED ON STATE DEPARTMENT OF EDUCATION (DOE) DISBURSEMENTS IN ADDITION TO FULTON COUNTY SCHOOL SYSTEM DISBURSEMENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES A COPY TO THE GOVERNING BODY BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY DURING REGULAR BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE DIRECTOR DETERMINES SALARIES AND PROVIDES NOTIFICATION TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL MAKES ITS 990 AVAILABLE FOR THE PUBLIC TO REVIEW UPON REQUEST AT THE BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE FOR THE PUBLIC TO REVIEW UPON REQUEST AT THE BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OF THE AUDIT DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt02401414
IRS990/TotalAssetsGrp/BOYAmt02243855
IRS990/TotalAssetsGrp/EOYAmt02401414
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03337162
IRS990/TotalEmployeeCnt031
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0728933
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02624250
IRS990/TotalFunctionalExpensesGrp/TotalAmt03353183
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01841620
IRS990/TotalLiabilitiesEOYAmt01995154
IRS990/TotalLiabilitiesGrp/BOYAmt01841620
IRS990/TotalLiabilitiesGrp/EOYAmt01995154
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0402235
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0406260
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcRevenueAmt019896
IRS990/TotalProgramServiceExpensesAmt02624250
IRS990/TotalProgramServiceRevenueAmt019896
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0150
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt019896
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03357208
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02243855
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02401414
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0159581
IRS990/TravelGrp/TotalAmt0159581
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0402235
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0406260
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02626 HOGAN ROAD
IRS990/USAddress/CityNm0EAST POINT
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030344
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HTTP://WWW.THERISESCHOOLS.ORG/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CANDACE TATE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum04046698060
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LATIN GRAMMAR SCHOOL INC
ReturnHeader/Filer/BusinessNameControlTxt0LATI
ReturnHeader/Filer/EIN0473432747
ReturnHeader/Filer/PhoneNum04046698060
ReturnHeader/Filer/USAddress/AddressLine1Txt02626 HOGAN ROAD
ReturnHeader/Filer/USAddress/CityNm0EAST POINT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030344
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0620E0DE5FE11F1C9D81E459945C3ADE4A5B54744
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId033F73C2FAE8255213E637C6655E960096283F020
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0139.60.228.153
ReturnHeader/FilingSecurityInformation/IPDt02019-05-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm008:59:53
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0581589807
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARSHALL JONES & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt026 LENOX POINTE NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ATLANTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0303243169
ReturnHeader/PreparerPersonGrp/PhoneNum04042312001
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NATHAN LUMMUS
ReturnHeader/ReturnTs02019-05-13T08:01:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$2,401,414
Liabilities
$1,995,154
Net assets
$406,260
Revenue
$3,357,208
Expenses
$3,353,183
Net income
$4,025
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.33$0.33
2018Detailed filing. Detailed filing data is available for this year.$2.40$2.00$0.41$3.36$3.35$0.00
2017Detailed filing. Detailed filing data is available for this year.$2.24$1.84$0.40$2.64$2.52$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.71$0.42$0.29$2.05$1.77$0.28
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00