Civic Intelligence

Brookhaven Innovation Academy

990 • Fiscal year 2021 • EIN 47-4087305

Jul 01, 2020 to Jun 30, 2021 • Filed on May 12, 2022

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

1.09x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

2.47x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

30th percentile

3.2%

Higher net margin than 30% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

43rd percentile

$151,790

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

34th percentile

4.0%

Faster asset growth than 34% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

55th percentile

16%

Faster revenue growth than 55% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$15,037,187

Up $576,329 (+4.0%) from 2020

Net Assets

Up

-$1,310,309

Up $209,884 (+14%) from 2020

Liabilities

Up

$16,347,496

Up $366,445 (+2.3%) from 2020

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin30th percentile

Revenue

Up

$6,615,354

Up $890,375 (+16%) from 2020

Expenses

Up

$6,405,470

Up $197,080 (+3.2%) from 2020

Net Income

Up

$209,884

Up $693,295 (+143%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth34th 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

2021

Assets$15,037,187
Liabilities$16,347,496
Net Assets-$1,310,309
Open 2021 Filing

Operations Trend

Revenue Growth55th 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

2021

Revenue$6,615,354
Expenses$6,405,470
Net Income$209,884
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 12, 2022
Return Version
2020v4.2
Gross Receipts
$6,615,354
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$8,701,494$8,560,616▼ $140,878
Cash and Non-Interest-Bearing Accounts$1,656,195$2,241,878▲ $585,683
Savings and Temporary Cash Investments$1,399,799$1,492,462▲ $92,663
Rtn Earn Endowment Incm Other Fnds$0$1,339,325▲ $1,339,325
Accounts Receivable$325,245$379,141▲ $53,896
Prepaid Expenses and Deferred Charges$500$500→ $0
Cap Stk Tr Prin Current Funds$-279,853$-79,878▲ $199,975
Pd in Cap Srpls Land Bldg Eqp Fund$-1,240,340$-2,569,756▼ $1,329,416
Total Assets$14,460,858$15,037,187▲ $576,329
Other Assets Total$2,377,625$2,362,590▼ $15,035
Liabilities
Tax Exempt Bond Liabilities$9,595,000$9,595,000→ $0
Other Liabilities$3,539,026$4,358,087▲ $819,061
Mortgage Notes Payable Secured by Investment Property$1,755,000$1,755,000→ $0
Accounts Payable and Accrued Expenses$639,833$639,409▼ $424
Unsecured Notes Loans Payable$452,192$0▼ $452,192
Total Liabilities$15,981,051$16,347,496▲ $366,445
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,520,193$-1,310,309▲ $209,884
Total Liabilities and Net Assets / Fund Balance$14,460,858$15,037,187▲ $576,329

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,888,810$431,476$5,320,286
Land$3,565,182-$3,565,182
Equipment$106,624$523,588$630,212
Other Assets Org$69,619--
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie TolbertHead of SchoolFT$112,714$39,076$151,790

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Ed Innovation Partners LLCSchool Strategic Consulting6986 HIGHWAY 376 EAST, Lake Park, GA 31636$140,000
Revenue and Support

Revenue Composition

Contributions and Grants
$6,572,432
Program Service Revenue
$42,791
Investment Income
$131
Other Revenue
$0
All Other Contributions
$56,411
Change in Net Assets
$209,884

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,615,354
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,615,354
Total Revenue per Form 990
$6,615,354
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,072,938
Other Expenses$2,332,532
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,064,279$301,322-$2,365,601
Pension Plan Contributions$1,081,693$279,845-$1,361,538
Interest$698,900--$698,900
Fees for Services Other$389,322$62,062-$451,384
Occupancy$357,625$8,333-$365,958
Depreciation Depletion$233,342--$233,342
Information Technology$187,822$28,229-$216,051
Other Employee Benefits$149,624$13,297-$162,921
Current Officers, Directors, Trustees, and Key Employees-$142,790-$142,790
Insurance-$41,577-$41,577
Payroll Taxes$33,541$6,547-$40,088
Office Expenses$29,399$521-$29,920
Conferences and Meetings$11,511$12,978-$24,489
Fees for Services Legal-$23,234-$23,234
Fees for Services Accounting-$10,350-$10,350
Other Expenses$909$5,628-$6,537
All Other Expenses$2,524$1,035-$3,559
Travel$105$3,378-$3,483
Total Functional Expenses$5,411,730$993,740$0$6,405,470

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,405,470
Total Expenses per Audited Statements$6,405,470
Total Expenses per Form 990$6,405,470
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$4,327,360
Deferred Inflows of Resources$30,727

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 the board chair and treasurer 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
2022-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Caskey
Formed
2014
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
6
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 1:

“MODIFIED ACCRUAL”

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.”

Raw XML AppendixShowing 400 of 534 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/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/NetAssetsOrFundBalancesBOYAmt0-1520193
IRS990/NetAssetsOrFundBalancesEOYAmt0-1310309
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt08333
IRS990/OccupancyGrp/ProgramServicesAmt0357625
IRS990/OccupancyGrp/TotalAmt0365958
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0521
IRS990/OfficeExpensesGrp/ProgramServicesAmt029399
IRS990/OfficeExpensesGrp/TotalAmt029920
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02377625
IRS990/OtherAssetsTotalGrp/EOYAmt02362590
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013297
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0149624
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0162921
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc1PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc2BOOKS
IRS990/OtherExpensesGrp/Desc3DUES AND FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022322
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt130292
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25628
IRS990/OtherExpensesGrp/ProgramServicesAmt0163690
IRS990/OtherExpensesGrp/ProgramServicesAmt17444
IRS990/OtherExpensesGrp/ProgramServicesAmt2909
IRS990/OtherExpensesGrp/TotalAmt0186012
IRS990/OtherExpensesGrp/TotalAmt130292
IRS990/OtherExpensesGrp/TotalAmt27444
IRS990/OtherExpensesGrp/TotalAmt36537
IRS990/OtherLiabilitiesGrp/BOYAmt03539026
IRS990/OtherLiabilitiesGrp/EOYAmt04358087
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0301322
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02064279
IRS990/OtherSalariesAndWagesGrp/TotalAmt02365601
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06547
IRS990/PayrollTaxesGrp/ProgramServicesAmt033541
IRS990/PayrollTaxesGrp/TotalAmt040088
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-1240340
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-2569756
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0279845
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01081693
IRS990/PensionPlanContributionsGrp/TotalAmt01361538
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0500
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/Desc2AFTER SCHOOL CARE
IRS990/ProgramServiceRevenueGrp/Desc3CLUB DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt035627
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15945
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21099
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3120
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt035627
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15945
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21099
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3120
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06002677
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-329212
IRS990/PYOtherExpensesAmt02451451
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt051514
IRS990/PYRevenuesLessExpensesAmt0-483411
IRS990/PYSalariesCompEmpBnftPaidAmt03756939
IRS990/PYTotalExpensesAmt06208390
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05724979
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0209884
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt042791
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01339325
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01399799
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01492462
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04888810
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0431476
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05320286
IRS990ScheduleD/EquipmentGrp/BookValueAmt0106624
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0523588
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0630212
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06405470
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03565182
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03565182
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02292971
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt169619
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030727
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14327360
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06615354
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS TO DISCLOSE UNDER ASC 740.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08560616
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02362590
IRS990ScheduleD/TotalExpensesPerForm990Amt06405470
IRS990ScheduleD/TotalLiabilityAmt04358087
IRS990ScheduleD/TotalRevenuePerForm990Amt06615354
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06615354
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06405470
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
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0112714
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt021422
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt017654
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JULIE TOLBERT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0HEAD OF SCHOOL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0151790
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
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
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,037,187
Liabilities
$16,347,496
Net assets
-$1,310,309
Revenue
$6,615,354
Expenses
$6,405,470
Net income
$209,884
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