Civic Intelligence

Beacon Academy

990 • Fiscal year 2020 • EIN 47-4356163

Jul 01, 2019 to Jun 30, 2020 • Filed on May 13, 2020

Organization ProfileWWW.BEACONACADEMY.US
PO Box 1235Collegedale, TN 37315

(951) 295-4225

Siviq Scores

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

Liabilities / Assets

78th percentile

0.34x

Higher debt load relative to assets than 78% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

83rd percentile

0.46x

Higher debt load relative to revenue than 83% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

86th percentile

42%

Higher net margin than 86% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

61st percentile

$36,740

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

81st percentile

44%

Faster asset growth than 81% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

87th percentile

53%

Faster revenue growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$963,818

Up $293,542 (+44%) from 2019

Net Assets

Up

$632,399

Up $298,150 (+89%) from 2019

Liabilities

Down

$331,419

Down $4,608 (-1.4%) from 2019

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin86th percentile

Revenue

Up

$718,284

Up $249,462 (+53%) from 2019

Expenses

Up

$420,126

Up $64,131 (+18%) from 2019

Net Income

Up

$298,158

Up $185,331 (+164%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2016: $6,750Liabilities 2016: $2,000Net Assets 2016: $4,7502016Assets 2017: $20,234Liabilities 2017: $7,764Net Assets 2017: $12,4702017Assets 2018: $559,271Liabilities 2018: $337,849Net Assets 2018: $221,4222018Assets 2019: $670,276Liabilities 2019: $336,027Net Assets 2019: $334,2492019Assets 2020: $963,818Liabilities 2020: $331,419Net Assets 2020: $632,3992020Assets 2021: $1,223,033Liabilities 2021: $409,958Net Assets 2021: $813,0752021Assets 2022: $1,794,655Liabilities 2022: $821,831Net Assets 2022: $972,8242022Assets 2023: $1,943,362Liabilities 2023: $839,530Net Assets 2023: $1,103,8322023Assets 2024: $1,956,786Liabilities 2024: $858,250Net Assets 2024: $1,098,5362024

Highlighted filing

2020

Assets$963,818
Liabilities$331,419
Net Assets$632,399
Open 2020 Filing

Operations Trend

Revenue Growth87th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2016: $50,580Expenses 2016: $39,826Net Income 2016: $10,7542016Revenue 2017: $140,556Expenses 2017: $134,840Net Income 2017: $5,7162017Revenue 2018: $500,191Expenses 2018: $291,238Net Income 2018: $208,9532018Revenue 2019: $468,822Expenses 2019: $355,995Net Income 2019: $112,8272019Revenue 2020: $718,284Expenses 2020: $420,126Net Income 2020: $298,1582020Revenue 2021: $566,525Expenses 2021: $385,849Net Income 2021: $180,6762021Revenue 2022: $579,147Expenses 2022: $419,397Net Income 2022: $159,7502022Revenue 2023: $648,292Expenses 2023: $517,278Net Income 2023: $131,0142023Revenue 2024: $664,708Expenses 2024: $670,014Net Income 2024: -$5,3062024

Highlighted filing

2020

Revenue$718,284
Expenses$420,126
Net Income$298,158
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 13, 2020
Return Version
2019v5.0
Gross Receipts
$718,284
Mission and Program Overview

Mission

Beacon academy is a non-profit pre-k to 12th grade school.

Beacon academy is a non-profit prek-12th grade school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$494,982$936,390▲ $441,408
Accounts Receivable$8,811$26,322▲ $17,511
Intangible Assets$3,200$2,987▼ $213
Savings and Temporary Cash Investments$154,389$2,412▼ $151,977
Receivables From Officers Etc-$1,822-
Cash and Non-Interest-Bearing Accounts$8,894$-6,115▼ $15,009
Total Assets$670,276$963,818▲ $293,542
Liabilities
Mortgage Notes Payable Secured by Investment Property$316,645$311,061▼ $5,584
Accounts Payable and Accrued Expenses$19,385$20,358▲ $973
Total Liabilities$336,030$331,419▼ $4,611
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$334,246$632,399▲ $298,153
Total Net Assets Fund Balance$334,246$632,399▲ $298,153
Total Liabilities and Net Assets / Fund Balance$670,276$963,818▲ $293,542

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$586,874$7,343$594,217
Buildings$304,516$15,967$320,483
Land$45,000-$45,000
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Brigett PangkeyPresidentFT$36,740$36,740
Tiffany BrittTreasurerFT$30,922$30,922

Board Members and Trustees

NameTitle
Jeanett SinghDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$364,703
Program Service Revenue
$353,566
Investment Income
$15
Other Revenue
$0
All Other Contributions
$354,703
Change in Net Assets
$298,158

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$318,080Low-end Sq Ft Mkt Value
Total Noncash Contributions1$318,080-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$296,728
Other Expenses$123,398
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$206,190--$206,190
Current Officers, Directors, Trustees, and Key Employees$56,159$11,503-$67,662
Occupancy-$23,919-$23,919
Payroll Taxes$21,918$958-$22,876
Interest-$13,853-$13,853
Depreciation Depletion$13,076--$13,076
Travel$11,874--$11,874
Office Expenses$9,569$824-$10,393
Conferences and Meetings-$8,250-$8,250
All Other Expenses$1,943$2,520-$4,463
Other Expenses$3,991$2,241-$2,241
Information Technology$1,835--$1,835
Fees for Services Accounting-$1,412-$1,412
Insurance-$-5,340-$-5,340
Total Functional Expenses$359,986$60,140$0$420,126
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$1,822-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Page 6, Part VI, Line 11B

“The form 990 is emailed to all board members and discussed at board meeting.”

Form 990, Page 6, Part VI, Line 12C

“The directors have regular meetings and telephone conference calls.”

Form 990, Page 6, Part VI, Line 15A

“The compensation of the top management officials and key employees is determined using comparable data of local area school compensation.”

Form 990, Page 6, Part VI, Line 15B

“The compensation of the top management officials and key employees is determined using comparable data of local area school compensation.”

Form 990, Page 6, Part VI, Line 19

“The governing documents, conflict of interest policy and financial statements are held by the treasurer and are available on request.”

Filing and Contact Details

Filer

Filer Name
Beacon Academy
EIN
47-4356163
Phone
9512954225
Address
PO BOX 1235, COLLEGEDALE, TN 37315

Signing Officer

Name
Tiffany Britt
Title
Treasurer
Phone
7062177879
Signed
2020-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brigett Pangkey
Formed
2015
Legal Domicile
Tn
Voting Board Members
3
Independent Board Members
1
Employees
13
Volunteers
10

Preparer

Firm
Fred a Mayfield & Company
Address
PO BOX 2026, DALTON, GA 30722-2026
Preparer
Fred a Mayfield
Phone
7062265644
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“ROUNDING -5”

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

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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0ACCOUNT RECEIVABLE OFFICER REPAID JULY 2020
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
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IRS990ScheduleM/ThirdPartiesUsedInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS EMAILED TO ALL BOARD MEMBERS AND DISCUSSED AT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTORS HAVE REGULAR MEETINGS AND TELEPHONE CONFERENCE CALLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION OF THE TOP MANAGEMENT OFFICIALS AND KEY EMPLOYEES IS DETERMINED USING COMPARABLE DATA OF LOCAL AREA SCHOOL COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION OF THE TOP MANAGEMENT OFFICIALS AND KEY EMPLOYEES IS DETERMINED USING COMPARABLE DATA OF LOCAL AREA SCHOOL COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE HELD BY THE TREASURER AND ARE AVAILABLE ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING -5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0963818
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IRS990/TotalContributionsAmt0364703
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt060140
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0359986
IRS990/TotalFunctionalExpensesGrp/TotalAmt0420126
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0336030
IRS990/TotalLiabilitiesEOYAmt0331419
IRS990/TotalLiabilitiesGrp/BOYAmt0336030
IRS990/TotalLiabilitiesGrp/EOYAmt0331419
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0334246
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0632399
IRS990/TotalProgramServiceExpensesAmt0359986
IRS990/TotalProgramServiceRevenueAmt0353566
IRS990/TotalReportableCompFromOrgAmt067662
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0353581
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0718284
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0670276
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0963818
IRS990/TravelGrp/ProgramServicesAmt011874
IRS990/TravelGrp/TotalAmt011874
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09510 GLYNN DOWNING DRIVE
IRS990/USAddress/CityNm0OOLTEWAH
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037363
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.BEACONACADEMY.US
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIFFANY BRITT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07062177879
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BEACON ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0BEAC
ReturnHeader/Filer/EIN0474356163
ReturnHeader/Filer/PhoneNum09512954225
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1235
ReturnHeader/Filer/USAddress/CityNm0COLLEGEDALE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037315
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0581382661
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRED A MAYFIELD & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2026
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DALTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0307222026
ReturnHeader/PreparerPersonGrp/PhoneNum07062265644
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRED A MAYFIELD
ReturnHeader/ReturnTs02021-05-13T15:22:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$963,818
Liabilities
$331,419
Net assets
$632,399
Revenue
$718,284
Expenses
$420,126
Net income
$298,158
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.96$0.86$1.10$0.66$0.67$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.94$0.84$1.10$0.65$0.52$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.79$0.82$0.97$0.58$0.42$0.16
2021Detailed filing. Detailed filing data is available for this year.$1.22$0.41$0.81$0.57$0.39$0.18
2020Detailed filing. Detailed filing data is available for this year.$0.96$0.33$0.63$0.72$0.42$0.30
2019Detailed filing. Detailed filing data is available for this year.$0.67$0.34$0.33$0.47$0.36$0.11
2018Summary only. Only limited summary data is available for this year.$0.56$0.34$0.22$0.50$0.29$0.21
2017Summary only. Only limited summary data is available for this year.$0.02$0.01$0.01$0.14$0.13$0.01
2016Summary only. Only limited summary data is available for this year.$0.01$0.00$0.00$0.05$0.04$0.01