Civic Intelligence

Highlander Academy Inc.

990 • Fiscal year 2024 • EIN 47-4682059

Jan 01, 2024 to Jun 30, 2024 • Filed on Oct 11, 2024

Organization ProfileN/A
200 North College StreetRed Springs, NC 28377

(910) 843-4995

Siviq Scores

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

Liabilities / Assets

54th percentile

0.01x

Higher debt load relative to assets than 54% of similar nonprofits.

2024 filings • NTEE B20 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.01x

Higher debt load relative to revenue than 59% of similar nonprofits.

2024 filings • NTEE B20 • <$500k nonprofits • Source year 2024

Net Margin

35th percentile

-1.5%

Higher net margin than 35% of similar nonprofits.

2024 filings • NTEE B20 • <$500k nonprofits • Source year 2024

Top Officer Pay

66th percentile

$0

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • NTEE B20 • <$500k nonprofits • Source year 2024

Asset Growth

41st percentile

-4.1%

Faster asset growth than 41% of similar nonprofits.

2024 filings • NTEE B20 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

15th percentile

-47%

Faster revenue growth than 15% of similar nonprofits.

2024 filings • NTEE B20 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$260,259

Down $11,262 (-4.1%) from 2023

Net Assets

Up

$258,474

Up $52,014 (+25%) from 2023

Liabilities

Down

$1,785

Down $63,276 (-97%) from 2023

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin35th percentile

Revenue

Down

$270,443

Down $241,319 (-47%) from 2023

Expenses

Down

$274,529

Down $145,497 (-35%) from 2023

Net Income

Down

-$4,086

Down $95,822 (-104%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$300K$200K$100K$0Assets 2015: $1Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $59,803Liabilities 2016: $0Net Assets 2016: $59,8032016Assets 2017: $47,206Liabilities 2017: $4,133Net Assets 2017: $43,0732017Assets 2018: $45,399Liabilities 2018: $4,133Net Assets 2018: $41,2662018Assets 2019: $46,609Liabilities 2019: $1,855Net Assets 2019: $44,7542019Assets 2020: $145,789Liabilities 2020: $333Net Assets 2020: $145,4562020Assets 2021: $171,389Liabilities 2021: $62,745Net Assets 2021: $108,6442021Assets 2022: $177,822Liabilities 2022: $63,100Net Assets 2022: $114,7222022Assets 2023: $271,521Liabilities 2023: $65,061Net Assets 2023: $206,4602023Assets 2024: $260,259Liabilities 2024: $1,785Net Assets 2024: $258,4742024Assets 2025: $197,059Liabilities 2025: $3,304Net Assets 2025: $193,7552025

Highlighted filing

2024

Assets$260,259
Liabilities$1,785
Net Assets$258,474
Open 2024 Filing

Operations Trend

Revenue Growth15th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2015: $149,947Expenses 2015: $143,064Net Income 2015: $6,8832015Revenue 2016: $354,245Expenses 2016: $301,324Net Income 2016: $52,9212016Revenue 2017: $327,554Expenses 2017: $344,286Net Income 2017: -$16,7322017Revenue 2018: $350,593Expenses 2018: $352,400Net Income 2018: -$1,8072018Revenue 2019: $326,070Expenses 2019: $326,715Net Income 2019: -$6452019Revenue 2020: $350,575Expenses 2020: $307,772Net Income 2020: $42,8032020Revenue 2021: $397,240Expenses 2021: $434,052Net Income 2021: -$36,8122021Revenue 2022: $422,654Expenses 2022: $417,272Net Income 2022: $5,3822022Revenue 2023: $511,762Expenses 2023: $420,026Net Income 2023: $91,7362023Revenue 2024: $270,443Expenses 2024: $274,529Net Income 2024: -$4,0862024Revenue 2025: $589,614Expenses 2025: $656,983Net Income 2025: -$67,3692025

Highlighted filing

2024

Revenue$270,443
Expenses$274,529
Net Income-$4,086
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Jun 30, 2024
Signed
Oct 11, 2024
Return Version
2023v5.1
Gross Receipts
$270,443
Mission and Program Overview

Mission

Primary Educational Services

Highland Academy is a Pre-K Grade 12 school whose mission is to provide a value-based, college preparatory education in a small, safe, nurturing environment as they work to educate todays youth to become tomorrows leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$264,521$260,259▼ $4,262
Other Notes and Loans Receivable, Net$7,000--
Total Assets$271,521$260,259▼ $11,262
Liabilities
Accounts Payable and Accrued Expenses$65,061$1,785▼ $63,276
Total Liabilities$65,061$1,785▼ $63,276
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$206,460$258,474▲ $52,014
Total Net Assets Fund Balance$206,460$258,474▲ $52,014
Total Liabilities and Net Assets / Fund Balance$271,521$260,259▼ $11,262

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$3,300$3,300
Compensation and Service Providers
Top Officer Pay66th percentile

Board Members and Trustees

NameTitle
Moye LoweChairman
Alex WatsonVice Chairman
Patsy ConoleyEx-officio Member
Jean GoochMember at Large
Kathryn McleodMember at Large
Marsha BassMember at Large
Susan LucasSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$221,952
Program Service Revenue
$45,220
Investment Income
$0
Other Revenue
$3,271
Change in Net Assets
$-4,086
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$198,844
Other Expenses$75,685
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$174,744--$174,744
Occupancy$17,184--$17,184
Payroll Taxes$17,100--$17,100
Current Officers, Directors, Trustees, and Key Employees$7,000--$7,000
Fees for Services Accounting$2,573--$2,573
Office Expenses$2,569--$2,569
Advertising$2,305--$2,305
Information Technology$1,863--$1,863
Other Expenses$354--$354
Insurance$283--$283
Total Functional Expenses$274,529$0$0$274,529
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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 governing body review Part VI line 11

“The 990 is approved by the board members before it is filed.”

Conflict of interest policy compliance Part VI line 12C

“Annual meetings are held to review compliance with policies.”

CEO executive director top management comp Part VI line 15A

“Compensation is determined by the board and based on competative salaries within the budget.”

Other officer or key employee compensation Part VI line 15B

“Compensation is determined by the board and based on competative salaries within the budget.”

Governing documents etc available to public Part VI line 19

“Governing documents are available to view by the public upon request.”

Filing and Contact Details

Filer

Filer Name
Highlander Academy
EIN
47-4682059
Address
200 NORTH COLLEGE STREET, RED SPRINGS, NC 28377

Signing Officer

Name
Moye Lowe
Title
Chairman
Phone
9108434995
Signed
2024-10-11
Discuss with paid preparer
No

Organization Details

Formed
2015
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
17

Preparer

Firm
Alan J Asbury CPA PLLC
Address
121 South Main Street, Raeford, NC 28376
Preparer
Tiffany Flack
Phone
9108753290
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“The $63,100 ppp loan was forgiven in 2022 and was not recorded as income at that time. Since it should have been accounted for in 2022, it was taken off of the current balance sheet and recorded as a change in net assets.the $7,000 note receivable on the opening balance sheet was also detemined to not be owed to highlander acadamey and was recorded as a change in net assets.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS APPROVED BY THE BOARD MEMBERS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL MEETINGS ARE HELD TO REVIEW COMPLIANCE WITH POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS DETERMINED BY THE BOARD AND BASED ON COMPETATIVE SALARIES WITHIN THE BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS DETERMINED BY THE BOARD AND BASED ON COMPETATIVE SALARIES WITHIN THE BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE TO VIEW BY THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE $63,100 PPP LOAN WAS FORGIVEN IN 2022 AND WAS NOT RECORDED AS INCOME AT THAT TIME. SINCE IT SHOULD HAVE BEEN ACCOUNTED FOR IN 2022, IT WAS TAKEN OFF OF THE CURRENT BALANCE SHEET AND RECORDED AS A CHANGE IN NET ASSETS.THE $7,000 NOTE RECEIVABLE ON THE OPENING BALANCE SHEET WAS ALSO DETEMINED TO NOT BE OWED TO HIGHLANDER ACADAMEY AND WAS RECORDED AS A CHANGE IN NET ASSETS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0271521
IRS990/TotalAssetsEOYAmt0260259
IRS990/TotalAssetsGrp/BOYAmt0271521
IRS990/TotalAssetsGrp/EOYAmt0260259
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0221952
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0274529
IRS990/TotalFunctionalExpensesGrp/TotalAmt0274529
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt065061
IRS990/TotalLiabilitiesEOYAmt01785
IRS990/TotalLiabilitiesGrp/BOYAmt065061
IRS990/TotalLiabilitiesGrp/EOYAmt01785
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0206460
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0258474
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0274529
IRS990/TotalProgramServiceRevenueAmt045220
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt048491
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0270443
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0271521
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0260259
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0MOYE LOWE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09108434995
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HIGHLANDER ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0HIGH
ReturnHeader/Filer/EIN0474682059
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 NORTH COLLEGE STREET
ReturnHeader/Filer/USAddress/CityNm0RED SPRINGS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028377
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0475681621
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Alan J Asbury CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0121 South Main Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Raeford
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028376
ReturnHeader/PreparerPersonGrp/PhoneNum09108753290
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Tiffany Flack
ReturnHeader/ReturnTs02024-10-15T12:44:49-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$260,259
Liabilities
$1,785
Net assets
$258,474
Revenue
$270,443
Expenses
$274,529
Net income
-$4,086
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$0.03$1.94$5.90$6.57$0.67
2024Detailed filing. Detailed filing data is available for this year.$2.60$0.02$2.58$2.70$2.75$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.72$0.65$2.06$5.12$4.20$0.92
2022Detailed filing. Detailed filing data is available for this year.$1.78$0.63$1.15$4.23$4.17$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.71$0.63$1.09$3.97$4.34$0.37
2020Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.45$3.51$3.08$0.43
2019Detailed filing. Detailed filing data is available for this year.$0.47$0.02$0.45$3.26$3.27$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.45$0.04$0.41$3.51$3.52$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.47$0.04$0.43$3.28$3.44$0.17
2016Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$3.54$3.01$0.53
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$1.50$1.43$0.07