Civic Intelligence

Beacon Academy

990 • Fiscal year 2023 • EIN 47-4356163

Jul 01, 2022 to Jun 30, 2023 • Filed on May 13, 2024

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

81st percentile

0.43x

Higher debt load relative to assets than 81% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

90th percentile

1.29x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

74th percentile

20%

Higher net margin than 74% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

48th percentile

$51,719

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

59th percentile

8.3%

Faster asset growth than 59% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

58th percentile

12%

Faster revenue growth than 58% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$1,943,362

Up $148,707 (+8.3%) from 2022

Net Assets

Up

$1,103,832

Up $131,008 (+13%) from 2022

Liabilities

Up

$839,530

Up $17,699 (+2.2%) from 2022

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin74th percentile

Revenue

Up

$648,292

Up $69,145 (+12%) from 2022

Expenses

Up

$517,278

Up $97,881 (+23%) from 2022

Net Income

Down

$131,014

Down $28,736 (-18%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth59th 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

2023

Assets$1,943,362
Liabilities$839,530
Net Assets$1,103,832
Open 2023 Filing

Operations Trend

Revenue Growth58th 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

2023

Revenue$648,292
Expenses$517,278
Net Income$131,014
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 13, 2024
Return Version
2022v5.0
Gross Receipts
$648,292
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$1,175,478$1,438,317▲ $262,839
Savings and Temporary Cash Investments$583,498$469,239▼ $114,259
Accounts Receivable$21,588$29,560▲ $7,972
Cash and Non-Interest-Bearing Accounts$11,531$3,899▼ $7,632
Intangible Assets$2,560$2,347▼ $213
Total Assets$1,794,655$1,943,362▲ $148,707
Liabilities
Mortgage Notes Payable Secured by Investment Property$802,425$797,118▼ $5,307
Accounts Payable and Accrued Expenses$19,406$42,412▲ $23,006
Total Liabilities$821,831$839,530▲ $17,699
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$972,824$1,103,832▲ $131,008
Total Net Assets Fund Balance$972,824$1,103,832▲ $131,008
Total Liabilities and Net Assets / Fund Balance$1,794,655$1,943,362▲ $148,707

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,168,667$41,741$1,210,408
Other Land Buildings$224,650$46,642$271,292
Land$45,000-$45,000
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tiffany BrittTreasurerFT$51,719$51,719
Brigett PangkeyPresidentFT$43,574$43,574

Board Members and Trustees

NameTitle
Dianne KrollDirector
Jeanett SinghDirector
Stefanie McelroyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$241,960
Program Service Revenue
$406,275
Investment Income
$57
Other Revenue
$0
All Other Contributions
$241,960
Change in Net Assets
$131,014

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 Amount
Other Non Cash Contri Table1$201,348
Total Noncash Contributions1$201,348

Audited Revenue Reconciliation

Revenue per Audited Statements
$648,292
Total Revenue per Audited Statements
$648,292
Total Revenue per Form 990
$648,292
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$328,712
Other Expenses$188,566
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$198,533--$198,533
Current Officers, Directors, Trustees, and Key Employees$76,234$19,059-$95,293
Occupancy$48,470$2,238-$50,708
Payroll Taxes$21,233$13,653-$34,886
Depreciation Depletion$29,846--$29,846
Insurance-$19,563-$19,563
Interest-$15,898-$15,898
Conferences and Meetings-$15,656-$15,656
Office Expenses$6,522$411-$6,933
Other Expenses$8,945$5,351-$5,351
Fees for Services Accounting-$4,665-$4,665
All Other Expenses$4,351$50-$4,401
Travel$3,831--$3,831
Information Technology$2,451--$2,451
Fees for Services Other-$1,250-$1,250
Total Functional Expenses$412,463$104,815$0$517,278

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$517,286
Expenses per Audited Statements$517,278
Total Expenses per Form 990$517,278
Expenses Not Reported on Form 990$8
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
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
2024-05-13
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
18
Volunteers
125

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 -6”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“Book / tax depreciation difference 8”

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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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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01438317
IRS990ScheduleD/TotalExpensesPerForm990Amt0517278
IRS990ScheduleD/TotalRevenuePerForm990Amt0648292
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0648292
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0517286
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
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
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc077 COMPUTERS
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0201348
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
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/ExplanationTxt5ROUNDING -6
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
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01794655
IRS990/TotalAssetsEOYAmt01943362
IRS990/TotalAssetsGrp/BOYAmt01794655
IRS990/TotalAssetsGrp/EOYAmt01943362
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0241960
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0104815
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0412463
IRS990/TotalFunctionalExpensesGrp/TotalAmt0517278
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0821831
IRS990/TotalLiabilitiesEOYAmt0839530
IRS990/TotalLiabilitiesGrp/BOYAmt0821831
IRS990/TotalLiabilitiesGrp/EOYAmt0839530
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0972824
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01103832
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0-8345
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0-8345
IRS990/TotalProgramServiceExpensesAmt0412463
IRS990/TotalProgramServiceRevenueAmt0406275
IRS990/TotalReportableCompFromOrgAmt095293
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0406332
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0648292
IRS990/TotalVolunteersCnt0125
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01794655
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01943362
IRS990/TravelGrp/ProgramServicesAmt03831
IRS990/TravelGrp/TotalAmt03831
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/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIFFANY BRITT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07062177879
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-13
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/ZIPCd0373151235
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02024-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRED A MAYFIELD
ReturnHeader/ReturnTs02024-05-14T15:59:25-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TIFFANY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BRITT
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,943,362
Liabilities
$839,530
Net assets
$1,103,832
Revenue
$648,292
Expenses
$517,278
Net income
$131,014
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