Civic Intelligence

Brookhaven Innovation Academy

990 • Fiscal year 2020 • EIN 47-4087305

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 10, 2021

Organization ProfileBIASCHOOL.ORG
186 Hunter StreetNorcross, GA 30071

(770) 538-1550

Siviq Scores

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

Liabilities / Assets

95th percentile

1.11x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

2.79x

Higher debt load relative to revenue than 90% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

20th percentile

-8.4%

Higher net margin than 20% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

38th percentile

$142,013

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

11th percentile

-5.1%

Faster asset growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

65th percentile

9.5%

Faster revenue growth than 65% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$14,460,858

Down $777,677 (-5.1%) from 2019

Net Assets

Down

-$1,520,193

Down $483,411 (-47%) from 2019

Liabilities

Down

$15,981,051

Down $294,266 (-1.8%) from 2019

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin20th percentile

Revenue

Up

$5,724,979

Up $495,876 (+9.5%) from 2019

Expenses

Down

$6,208,390

Down $495,790 (-7.4%) from 2019

Net Income

Up

-$483,411

Up $991,666 (+67%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2014: $1Liabilities 2014: $02014Assets 2015: $1Liabilities 2015: $02015Assets 2016: $348,440Liabilities 2016: $469,4712016Assets 2017: $905,031Liabilities 2017: $854,878Net Assets 2017: $50,1532017Assets 2018: $3,326,151Liabilities 2018: $2,887,856Net Assets 2018: $438,2952018Assets 2019: $15,238,535Liabilities 2019: $16,275,317Net Assets 2019: -$1,036,7822019Assets 2020: $14,460,858Liabilities 2020: $15,981,051Net Assets 2020: -$1,520,1932020Assets 2021: $15,037,187Liabilities 2021: $16,347,496Net Assets 2021: -$1,310,3092021Assets 2022: $15,256,794Liabilities 2022: $16,066,572Net Assets 2022: -$809,7782022Assets 2023: $17,252,161Liabilities 2023: $17,948,535Net Assets 2023: -$696,3742023Assets 2024: $16,820,464Liabilities 2024: $17,297,657Net Assets 2024: -$477,1932024

Highlighted filing

2020

Assets$14,460,858
Liabilities$15,981,051
Net Assets-$1,520,193
Open 2020 Filing

Operations Trend

Revenue Growth65th percentile

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

$10M$5.0M$0-$5.0MRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $0Expenses 2016: $121,031Net Income 2016: -$121,0312016Revenue 2017: $3,170,650Expenses 2017: $2,999,466Net Income 2017: $171,1842017Revenue 2018: $4,761,545Expenses 2018: $4,373,403Net Income 2018: $388,1422018Revenue 2019: $5,229,103Expenses 2019: $6,704,180Net Income 2019: -$1,475,0772019Revenue 2020: $5,724,979Expenses 2020: $6,208,390Net Income 2020: -$483,4112020Revenue 2021: $6,615,354Expenses 2021: $6,405,470Net Income 2021: $209,8842021Revenue 2022: $6,591,702Expenses 2022: $6,091,171Net Income 2022: $500,5312022Revenue 2023: $7,149,578Expenses 2023: $7,036,174Net Income 2023: $113,4042023Revenue 2024: $8,237,448Expenses 2024: $8,018,267Net Income 2024: $219,1812024

Highlighted filing

2020

Revenue$5,724,979
Expenses$6,208,390
Net Income-$483,411
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 10, 2021
Return Version
2019v5.2
Gross Receipts
$6,075,316
Mission and Program Overview

Mission

Brookhaven innovation academy will provide students with an education that maximizes the realization of their individual talents and prepares them for success in a technology and information driven 21st century economy.

Bia is a school community using a carefully crafted combination of instructional methods that we refer to as "deeper learning by design", where every student will master a core research-based, college preparatory, blended learning curriculum, with a complimentary project-based learning focus on science, technology, engineering and math ("stem"), with computer coding integrated as a component of the core program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,565,603$8,701,494▲ $135,891
Cash and Non-Interest-Bearing Accounts$924,628$1,656,195▲ $731,567
Savings and Temporary Cash Investments$2,626,423$1,399,799▼ $1,226,624
Accounts Receivable$213,438$325,245▲ $111,807
Prepaid Expenses and Deferred Charges$0$500▲ $500
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-1,036,782$-1,520,193▼ $483,411
Total Assets$15,238,535$14,460,858▼ $777,677
Other Assets Total$2,908,443$2,377,625▼ $530,818
Liabilities
Tax Exempt Bond Liabilities$9,595,000$9,595,000→ $0
Other Liabilities$3,090,897$3,539,026▲ $448,129
Mortgage Notes Payable Secured by Investment Property$1,755,000$1,755,000→ $0
Accounts Payable and Accrued Expenses$884,420$639,833▼ $244,587
Unsecured Notes Loans Payable$950,000$452,192▼ $497,808
Total Liabilities$16,275,317$15,981,051▼ $294,266
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,036,782$-1,520,193▼ $483,411
Total Liabilities and Net Assets / Fund Balance$15,238,535$14,460,858▼ $777,677

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,052,985$254,349$5,307,334
Land$3,565,182-$3,565,182
Equipment$83,327$467,373$550,700
Other Assets Org$11,494--
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie TolbertHead of SchoolFT$103,192$38,821$142,013

Board Members and Trustees

NameTitle
Adam CaskeyBoard Chair
Veronica JohnsonSecretary, Academic Committee Chair
Zennie Lynch JrTreasurer, Finance Chair
Kelly MandyVice President
Fred SchroerBoard Member
Jonathan SchwartzBoard Member
Michael PinkBoard Member
Michael WalkerBoard Member
Walter BellBoard Member, Operations C

Highest Paid Contractors

ContractorServicesLocationCompensation
Mcguire WoodsLegal800 E CANAL STREET, Richmond, VA 23219$208,326
Ed Innovation Partners LLCSchool Strategic Consulting6986 HIGHWAY 376 EAST, Lake Park, GA 31636$140,000
Revenue and Support

Revenue Composition

Contributions and Grants
$6,002,677
Program Service Revenue
$51,514
Investment Income
$-329,212
Other Revenue
$0
All Other Contributions
$118,538
Change in Net Assets
$-483,411

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,075,316
Revenue Not Reported on Financial Statements
$-350,337
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-350,337
Total Revenue per Audited Statements
$6,075,316
Total Revenue per Form 990
$5,724,979
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,756,939
Other Expenses$2,451,451
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,964,583$310,230-$2,274,813
Pension Plan Contributions$904,361$189,959-$1,094,320
Interest$713,087--$713,087
Fees for Services Other$380,415$32,057-$412,472
Depreciation Depletion$275,365--$275,365
Occupancy$226,642$7,666-$234,308
Information Technology$188,226$35,829-$224,055
Other Employee Benefits$176,402$18,458-$194,860
Current Officers, Directors, Trustees, and Key Employees-$146,349-$146,349
Payroll Taxes$41,080$5,517-$46,597
All Other Expenses$9,134$34,059-$43,193
Other Expenses$42,543$30,490-$42,543
Insurance-$34,016-$34,016
Conferences and Meetings$26,128$5,715-$31,843
Fees for Services Accounting-$25,025-$25,025
Office Expenses$22,424$544-$22,968
Travel$8,804$10,717-$19,521
Fees for Services Legal-$12,014-$12,014
Total Functional Expenses$5,309,745$898,645$0$6,208,390

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,558,727
Expenses per Audited Statements$6,208,390
Total Expenses per Form 990$6,208,390
Expenses Not Reported on Form 990$350,337
Expenses Not Reported on Financial Statements$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$3,415,705
Deferred Inflows of Resources$123,321

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADowntown Development Authority of the City of Norcross2019-06-27$9,595,000SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$9,595,000$188,498-$194,240

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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 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, Part VI, Section B, Line 11B

“A copy of the 990 was reviewed by members of the board before filing.”

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

“Brookhaven innovation academy has a formal code of ethics and conflict of interest policy. Each member of the board of directors signs and acknowledges it. If a board member violates the policy, the board may choose to conduct a hearing concerning a possible violation of this code of ethics by a member of the board. This requires a motion and 2/3 vote. The board member accused of violating this code of ethics will have thirty (30) days notice prior to a hearing on the matter. The accused board member may bring witnesses on his or her behalf to the hearing, and the board may elect to call witnesses to inquire into the matter. If found by a vote of two-thirds of all the members of the board that the accused board member has violated this code of ethics, the board shall determine an appropriate sanction. A record of the decision of the board to sanction a board member for a violation of this code of ethics shall be placed in the permanent minutes of the board.”

Form 990, Part VI, Section B, Line 15

“Prior to hiring, bia's personnel committee researches and analyzes comparable positions in nearby school districts to assess the appropriate payment for all positions.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, financial statements, and form 990 are made available to the public upon request and on the organization's website.”

Filing and Contact Details

Filer

Filer Name
Brookhaven Innovation Academy
EIN
47-4087305
Phone
7705381550
Address
186 HUNTER STREET, NORCROSS, GA 30071

Signing Officer

Name
Adam Caskey
Title
Board Chair
Phone
7705381550
Signed
2021-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Caskey
Formed
2014
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
97
Volunteers
15

Preparer

Firm
Mauldin & Jenkins LLC
Address
200 GALLERIA PKWY SE STE 1700, ATLANTA, GA 30339-5946
Preparer
Mary Jo Alexander
Phone
7709558600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“There were no changes to the organization's audit oversight or independent accountant selection processes.”

Financial Statement Notes

PART X, LINE 2:

“The organization had no uncertain tax positions to disclose under asc 740.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Loss on disposition of fixed assets -350,337.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Loss on disposition of fixed assets 350,337.”

Raw XML AppendixShowing 400 of 529 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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IRS990/GainOrLossGrp/OtherAmt0-350337
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt05884139
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt06075316
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt035829
IRS990/InformationTechnologyGrp/ProgramServicesAmt0188226
IRS990/InformationTechnologyGrp/TotalAmt0224055
IRS990/InsuranceGrp/ManagementAndGeneralAmt034016
IRS990/InsuranceGrp/TotalAmt034016
IRS990/InterestGrp/ProgramServicesAmt0713087
IRS990/InterestGrp/TotalAmt0713087
IRS990/InvestmentIncomeGrp/ExclusionAmt021125
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt021125
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt021
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0721722
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08565603
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08701494
IRS990/LandBldgEquipCostOrOtherBssAmt09423216
IRS990/LegalDomicileStateCd0GA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0350337
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0BROOKHAVEN INNOVATION ACADEMY WILL PROVIDE STUDENTS WITH AN EDUCATION THAT MAXIMIZES THE REALIZATION OF THEIR INDIVIDUAL TALENTS AND PREPARES THEM FOR SUCCESS IN A TECHNOLOGY AND INFORMATION DRIVEN 21ST CENTURY ECONOMY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01755000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01755000
IRS990/NetAssetsOrFundBalancesBOYAmt0-1036782
IRS990/NetAssetsOrFundBalancesEOYAmt0-1520193
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-350337
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-350337
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt07666
IRS990/OccupancyGrp/ProgramServicesAmt0226642
IRS990/OccupancyGrp/TotalAmt0234308
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0544
IRS990/OfficeExpensesGrp/ProgramServicesAmt022424
IRS990/OfficeExpensesGrp/TotalAmt022968
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02908443
IRS990/OtherAssetsTotalGrp/EOYAmt02377625
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018458
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0176402
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0194860
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc1EXPENDABLE EQUIPMENT
IRS990/OtherExpensesGrp/Desc2BOOKS
IRS990/OtherExpensesGrp/Desc3OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt030490
IRS990/OtherExpensesGrp/ProgramServicesAmt0134782
IRS990/OtherExpensesGrp/ProgramServicesAmt1115812
IRS990/OtherExpensesGrp/ProgramServicesAmt279957
IRS990/OtherExpensesGrp/ProgramServicesAmt342543
IRS990/OtherExpensesGrp/TotalAmt0165272
IRS990/OtherExpensesGrp/TotalAmt1115812
IRS990/OtherExpensesGrp/TotalAmt279957
IRS990/OtherExpensesGrp/TotalAmt342543
IRS990/OtherLiabilitiesGrp/BOYAmt03090897
IRS990/OtherLiabilitiesGrp/EOYAmt03539026
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0310230
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01964583
IRS990/OtherSalariesAndWagesGrp/TotalAmt02274813
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05517
IRS990/PayrollTaxesGrp/ProgramServicesAmt041080
IRS990/PayrollTaxesGrp/TotalAmt046597
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0189959
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0904361
IRS990/PensionPlanContributionsGrp/TotalAmt01094320
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0500
IRS990/PrincipalOfficerNm0ADAM CASKEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/BusinessCd3611110
IRS990/ProgramServiceRevenueGrp/Desc0FIELD TRIPS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER
IRS990/ProgramServiceRevenueGrp/Desc2CLUB DUES
IRS990/ProgramServiceRevenueGrp/Desc3AFTER SCHOOL CARE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt031607
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt114661
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23536
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31710
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt031607
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114661
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23536
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31710
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05174101
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-9371
IRS990/PYOtherExpensesAmt03597159
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt064373
IRS990/PYRevenuesLessExpensesAmt0-1475077
IRS990/PYSalariesCompEmpBnftPaidAmt03107021
IRS990/PYTotalExpensesAmt06704180
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05229103
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-483411
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt051514
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-1036782
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-1520193
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02626423
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01399799
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05052985
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0254349
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05307334
IRS990ScheduleD/EquipmentGrp/BookValueAmt083327
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0467373
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0550700
IRS990ScheduleD/ExpensesNotReportedAmt0350337
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06208390
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03565182
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03565182
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02366131
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt111494
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherExpensesIncludedAmt0350337
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0123321
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13415705
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-350337
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-350337
IRS990ScheduleD/RevenueSubtotalAmt06075316
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS TO DISCLOSE UNDER ASC 740.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON DISPOSITION OF FIXED ASSETS -350,337.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON DISPOSITION OF FIXED ASSETS 350,337.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08701494
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02377625
IRS990ScheduleD/TotalExpensesPerForm990Amt06208390
IRS990ScheduleD/TotalLiabilityAmt03539026
IRS990ScheduleD/TotalRevenuePerForm990Amt05724979
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06075316
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06558727
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/ExplanationTxt0THE LOTTERY FOR BROOKHAVEN INNOVATION ACADEMY ENROLLMENT IS OPEN TO ANY STUDENT WHO IS CURRENTLY RESIDING IN THE STATE OF GEORGIA.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES COMPENSATION FOR SERVICES IN THE FORM OF AWARDS, GRANTS, AND OTHER SUBSIDIES FROM FEDERAL AND STATE GOVERNMENTS, WHICH ALSO INCLUDES FUNDING FOR STUDENT ENROLLMENT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0(F) DESCRIPTION OF PURPOSE: (I) FINANCING ALL OR A PORTION OF THE COSTS OF THE ACQUISITION, CONSTRUCTION, INSTALLATION, EQUIPMENT, AND RELOCATION EXPENSES, OF CERTAIN EDUCATIONAL AND/OR RECREATIONAL FACILITIES, EQUIPMENT AND/OR INFRASTRUCTURE FOR THE ACADEMY, INCLUDING THE ACQUISITION OF REAL PROPERTY AND CERTAIN RENOVATIONS TO THE EXISTING 48,000 SQUARE FOOT SCHOOL BUILDING AND A SEPARATE APPROXIMATE 4,000 SQUARE FOOT GYMNASIUM, (II) FINANCING OR REFINANCING CERTAIN COSTS OF RENOVATIONS TO EDUCATIONAL FACILITIES AND LAND LOCATED ON THE EXISTING CAMPUS, AND CERTAIN ADDITIONAL COSTS, (III) FUNDING A DEBT SERVICE FUND, (IV) FUNDING CAPITALIZED INTEREST, WORKING CAPITAL AND OPERATING RESERVES, AND (V) PAYING CERTAIN COSTS ASSOCIATED WITH ISSUING THE SERIES 2019 BONDS.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K, PART I, BOND ISSUES:
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,460,858
Liabilities
$15,981,051
Net assets
-$1,520,193
Revenue
$5,724,979
Expenses
$6,208,390
Net income
-$483,411
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.8$17.3$0.48$8.24$8.02$0.22
2023Detailed filing. Detailed filing data is available for this year.$17.3$17.9$0.70$7.15$7.04$0.11
2022Detailed filing. Detailed filing data is available for this year.$15.3$16.1$0.81$6.59$6.09$0.50
2021Detailed filing. Detailed filing data is available for this year.$15.0$16.3$1.31$6.62$6.41$0.21
2020Detailed filing. Detailed filing data is available for this year.$14.5$16.0$1.52$5.72$6.21$0.48
2019Detailed filing. Detailed filing data is available for this year.$15.2$16.3$1.04$5.23$6.70$1.48
2018Detailed filing. Detailed filing data is available for this year.$3.33$2.89$0.44$4.76$4.37$0.39
2017Summary only. Only limited summary data is available for this year.$0.91$0.85$0.05$3.17$3.00$0.17
2016Summary only. Only limited summary data is available for this year.$0.35$0.47$0.00$0.12$0.12
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00