Civic Intelligence

Beacon Academy

990 • Fiscal year 2021 • EIN 47-4356163

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

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

(951) 295-4225

Siviq Scores

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

Liabilities / Assets

77th percentile

0.34x

Higher debt load relative to assets than 77% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

84th percentile

0.72x

Higher debt load relative to revenue than 84% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

75th percentile

32%

Higher net margin than 75% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

44th percentile

$34,014

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

75th percentile

27%

Faster asset growth than 75% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

13th percentile

-21%

Faster revenue growth than 13% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$1,223,033

Up $259,215 (+27%) from 2020

Net Assets

Up

$813,075

Up $180,676 (+29%) from 2020

Liabilities

Up

$409,958

Up $78,539 (+24%) from 2020

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin75th percentile

Revenue

Down

$566,525

Down $151,759 (-21%) from 2020

Expenses

Down

$385,849

Down $34,277 (-8.2%) from 2020

Net Income

Down

$180,676

Down $117,482 (-39%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth75th 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

2021

Assets$1,223,033
Liabilities$409,958
Net Assets$813,075
Open 2021 Filing

Operations Trend

Revenue Growth13th 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

2021

Revenue$566,525
Expenses$385,849
Net Income$180,676
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 12, 2022
Return Version
2020v4.0
Gross Receipts
$566,525
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$936,390$1,053,563▲ $117,173
Cash and Non-Interest-Bearing Accounts$-6,115$119,851▲ $125,966
Accounts Receivable$26,322$37,478▲ $11,156
Loans From Officers Directors-$20,000-
Savings and Temporary Cash Investments$2,412$9,368▲ $6,956
Intangible Assets$2,987$2,773▼ $214
Receivables From Officers Etc$1,822--
Total Assets$963,818$1,223,033▲ $259,215
Liabilities
Mortgage Notes Payable Secured by Investment Property$311,061$305,719▼ $5,342
Accounts Payable and Accrued Expenses$20,358$84,239▲ $63,881
Total Liabilities$331,419$409,958▲ $78,539
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$632,399$813,075▲ $180,676
Total Net Assets Fund Balance$632,399$813,075▲ $180,676
Total Liabilities and Net Assets / Fund Balance$963,818$1,223,033▲ $259,215

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$960,389$24,438$984,827
Other Land Buildings$48,174$12,044$60,218
Land$45,000-$45,000
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Brigett PangkeyPresidentFT$34,014$34,014
Tiffany BrittTreasurerFT$30,444$30,444

Board Members and Trustees

NameTitle
Diane KrollDirector
Jeanett SinghDirector
Stefanie McelroyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$294,598
Program Service Revenue
$271,910
Investment Income
$17
Other Revenue
$0
All Other Contributions
$294,598
Change in Net Assets
$180,676

Audited Revenue Reconciliation

Revenue per Audited Statements
$566,525
Total Revenue per Audited Statements
$566,525
Total Revenue per Form 990
$566,525
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$259,810
Other Expenses$126,039
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$173,812--$173,812
Current Officers, Directors, Trustees, and Key Employees$51,566$12,892-$64,458
Payroll Taxes$19,551$1,989-$21,540
Interest-$17,630-$17,630
Depreciation Depletion$13,385--$13,385
Insurance-$11,211-$11,211
Conferences and Meetings-$8,943-$8,943
Fees for Services Accounting-$6,601-$6,601
Occupancy-$5,792-$5,792
Travel$3,887--$3,887
All Other Expenses$2,946$886-$3,832
Information Technology$2,898--$2,898
Other Expenses$2,863$4,082-$2,863
Office Expenses$710$735-$1,445
Fees for Services Other-$250-$250
Total Functional Expenses$310,465$75,384$0$385,849

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$385,849
Total Expenses per Audited Statements$385,849
Total Expenses per Form 990$385,849
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
Loans from Officers, Directors, Trustees, and Key Employees-$20,000-
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
Backup withholding compliance
No
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 37315-1235

Signing Officer

Name
Tiffany Britt
Title
Treasurer
Phone
7062177879
Signed
2022-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brigett Pangkey
Formed
2015
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
3
Employees
12
Volunteers
100

Preparer

Firm
Fred a Mayfield & Company
Address
PO BOX 2026, DALTON, GA 30722-2026
Preparer
Fred a Mayfield
Phone
7062265644
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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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IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NONDISCRIMINATIORY POLICY WAS PLACED IN THE CHATTANOOGA TIME FREE PRESS NEWSPAPER.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt020000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0CASH FLOW NEEDS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt020000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0BRIGETT PANGKEY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR/OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0TEMPORARY LOAN FROM DIRECTOR. REPAID BY BEACON ACADEMY ON 12/8/2021.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleL/TotalBalanceDueAmt020000
IRS990/ScheduleORequiredInd0true
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/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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0963818
IRS990/TotalAssetsEOYAmt01223033
IRS990/TotalAssetsGrp/BOYAmt0963818
IRS990/TotalAssetsGrp/EOYAmt01223033
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0294598
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt075384
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0310465
IRS990/TotalFunctionalExpensesGrp/TotalAmt0385849
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0331419
IRS990/TotalLiabilitiesEOYAmt0409958
IRS990/TotalLiabilitiesGrp/BOYAmt0331419
IRS990/TotalLiabilitiesGrp/EOYAmt0409958
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0632399
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0813075
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0-2491
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0-2491
IRS990/TotalProgramServiceExpensesAmt0310465
IRS990/TotalProgramServiceRevenueAmt0271910
IRS990/TotalReportableCompFromOrgAmt064458
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0271927
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0566525
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0963818
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01223033
IRS990/TravelGrp/ProgramServicesAmt03887
IRS990/TravelGrp/TotalAmt03887
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09510 GLYNN DOWNING DRIVE
IRS990/USAddress/CityNm0OOLTEWAH
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037363
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
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/SignatureDt02022-05-12
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/ZIPCd0373151235
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/PreparationDt02022-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRED A MAYFIELD
ReturnHeader/ReturnTs02022-05-12T13:44:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TIFFANY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BRITT
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,223,033
Liabilities
$409,958
Net assets
$813,075
Revenue
$566,525
Expenses
$385,849
Net income
$180,676
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