Civic Intelligence

Brookhaven Innovation Academy

990 • Fiscal year 2022 • EIN 47-4087305

Jul 01, 2021 to Jun 30, 2022 • Filed on May 08, 2023

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

1.05x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

2.44x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

52nd percentile

7.6%

Higher net margin than 52% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

27th percentile

$114,848

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

53rd percentile

1.5%

Faster asset growth than 53% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

41st percentile

-0.4%

Faster revenue growth than 41% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$15,256,794

Up $219,607 (+1.5%) from 2021

Net Assets

Up

-$809,778

Up $500,531 (+38%) from 2021

Liabilities

Down

$16,066,572

Down $280,924 (-1.7%) from 2021

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin52nd percentile

Revenue

Down

$6,591,702

Down $23,652 (-0.4%) from 2021

Expenses

Down

$6,091,171

Down $314,299 (-4.9%) from 2021

Net Income

Up

$500,531

Up $290,647 (+138%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2022

Assets$15,256,794
Liabilities$16,066,572
Net Assets-$809,778
Open 2022 Filing

Operations Trend

Revenue Growth41st 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

2022

Revenue$6,591,702
Expenses$6,091,171
Net Income$500,531
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 8, 2023
Return Version
2021v4.2
Gross Receipts
$6,591,702
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$8,560,616$8,536,285▼ $24,331
Cash and Non-Interest-Bearing Accounts$2,241,878$2,852,506▲ $610,628
Savings and Temporary Cash Investments$1,492,462$1,550,766▲ $58,304
Rtn Earn Endowment Incm Other Fnds$1,339,325$1,397,388▲ $58,063
Accounts Receivable$379,141$435,163▲ $56,022
Cap Stk Tr Prin Current Funds$-79,878$332,301▲ $412,179
Prepaid Expenses and Deferred Charges$500$0▼ $500
Pd in Cap Srpls Land Bldg Eqp Fund$-2,569,756$-2,539,467▲ $30,289
Total Assets$15,037,187$15,256,794▲ $219,607
Other Assets Total$2,362,590$1,882,074▼ $480,516
Liabilities
Tax Exempt Bond Liabilities$9,595,000$9,595,000→ $0
Other Liabilities$4,358,087$4,148,220▼ $209,867
Mortgage Notes Payable Secured by Investment Property$1,755,000$1,655,000▼ $100,000
Accounts Payable and Accrued Expenses$639,409$668,352▲ $28,943
Total Liabilities$16,347,496$16,066,572▼ $280,924
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,310,309$-809,778▲ $500,531
Total Liabilities and Net Assets / Fund Balance$15,037,187$15,256,794▲ $219,607

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,801,186$610,340$5,411,526
Land$3,565,182-$3,565,182
Equipment$169,917$600,341$770,258
Other Assets Org$6,000--
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie TolbertHead of SchoolFT$100,240$14,608$114,848

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Hecna Services LLCCleaning Services2086 SUGAR VALLEY LN, Lawrenceville, GA 30043$123,388
Revenue and Support

Revenue Composition

Contributions and Grants
$6,462,417
Program Service Revenue
$129,284
Investment Income
$1
Other Revenue
$0
All Other Contributions
$23,545
Change in Net Assets
$500,531

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,591,702
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,591,702
Total Revenue per Form 990
$6,591,702
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,708,382
Other Expenses$2,382,789
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,267,830$345,592-$2,613,422
Pension Plan Contributions$615,660$127,173-$742,833
Interest$691,550--$691,550
Fees for Services Other$413,139$123,124-$536,263
Occupancy$293,472--$293,472
Depreciation Depletion$255,617--$255,617
Information Technology$167,015$29,966-$196,981
Other Employee Benefits$178,642$16,738-$195,380
Current Officers, Directors, Trustees, and Key Employees-$114,848-$114,848
Insurance-$45,949-$45,949
All Other Expenses$35,748$7,387-$43,135
Payroll Taxes$36,187$5,712-$41,899
Other Expenses$30,689$31,633-$30,689
Office Expenses$28,286$335-$28,621
Conferences and Meetings$18,604$9,115-$27,719
Fees for Services Legal-$19,038-$19,038
Fees for Services Accounting-$19,000-$19,000
Travel$2,100$296-$2,396
Total Functional Expenses$5,133,210$957,961$0$6,091,171

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,091,171
Total Expenses per Audited Statements$6,091,171
Total Expenses per Form 990$6,091,171
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
Deferred Inflows of Resources$2,472,130
Net Pension Liability$1,676,090

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
2023-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Caskey
Formed
2014
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
5
Employees
98
Volunteers
6

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 505 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/Form990PartVIISectionAGrp/TitleTxt1BOARD CHAIR
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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.
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01655000
IRS990/NetAssetsOrFundBalancesBOYAmt0-1310309
IRS990/NetAssetsOrFundBalancesEOYAmt0-809778
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0293472
IRS990/OccupancyGrp/TotalAmt0293472
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0335
IRS990/OfficeExpensesGrp/ProgramServicesAmt028286
IRS990/OfficeExpensesGrp/TotalAmt028621
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02362590
IRS990/OtherAssetsTotalGrp/EOYAmt01882074
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016738
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0178642
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0195380
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2DUES AND FEES
IRS990/OtherExpensesGrp/Desc3BOOKS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013132
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt148923
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt231633
IRS990/OtherExpensesGrp/ProgramServicesAmt094625
IRS990/OtherExpensesGrp/ProgramServicesAmt14046
IRS990/OtherExpensesGrp/ProgramServicesAmt230689
IRS990/OtherExpensesGrp/TotalAmt0107757
IRS990/OtherExpensesGrp/TotalAmt148923
IRS990/OtherExpensesGrp/TotalAmt235679
IRS990/OtherExpensesGrp/TotalAmt330689
IRS990/OtherLiabilitiesGrp/BOYAmt04358087
IRS990/OtherLiabilitiesGrp/EOYAmt04148220
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0345592
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02267830
IRS990/OtherSalariesAndWagesGrp/TotalAmt02613422
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05712
IRS990/PayrollTaxesGrp/ProgramServicesAmt036187
IRS990/PayrollTaxesGrp/TotalAmt041899
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-2569756
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-2539467
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0127173
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0615660
IRS990/PensionPlanContributionsGrp/TotalAmt0742833
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
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/RelatedOrExemptFuncIncomeAmt083588
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt142441
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22950
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3305
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt083588
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt142441
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22950
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3305
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06572432
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0131
IRS990/PYOtherExpensesAmt02332532
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt042791
IRS990/PYRevenuesLessExpensesAmt0209884
IRS990/PYSalariesCompEmpBnftPaidAmt04072938
IRS990/PYTotalExpensesAmt06405470
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06615354
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0500531
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0129284
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01339325
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01397388
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01492462
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01550766
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt04801186
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0610340
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05411526
IRS990ScheduleD/EquipmentGrp/BookValueAmt0169917
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0600341
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0770258
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06091171
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03565182
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03565182
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01852075
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt123999
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt26000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02472130
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11676090
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06591702
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS TO DISCLOSE UNDER ASC 740.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08536285
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01882074
IRS990ScheduleD/TotalExpensesPerForm990Amt06091171
IRS990ScheduleD/TotalLiabilityAmt04148220
IRS990ScheduleD/TotalRevenuePerForm990Amt06591702
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06591702
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06091171
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
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02019-06-27
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0586000632
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum065558DAA8
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt09595000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF NORCROSS
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0SEE PART VI
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt08197094
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt0287850
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0727318
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0194240
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt0188498
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,256,794
Liabilities
$16,066,572
Net assets
-$809,778
Revenue
$6,591,702
Expenses
$6,091,171
Net income
$500,531
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