Civic Intelligence

Grace Academy Inc.

990 • Fiscal year 2017 • EIN 52-1096867

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 15, 2017

Organization Profilewww.graceacademyonline.org
13321 Cearfoss PikeHagerstown, MD 21740-1614

(301) 733-2033

Siviq Scores

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

Liabilities / Assets

89th percentile

0.84x

Higher debt load relative to assets than 89% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

82nd percentile

0.71x

Higher debt load relative to revenue than 82% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

32nd percentile

-2.6%

Higher net margin than 32% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

55th percentile

$72,954

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

32nd percentile

-1.6%

Faster asset growth than 32% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

41st percentile

1.1%

Faster revenue growth than 41% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$2,467,846

Down $41,328 (-1.6%) from 2016

Net Assets

Down

$397,983

Down $75,723 (-16%) from 2016

Liabilities

Up

$2,069,863

Up $34,395 (+1.7%) from 2016

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin32nd percentile

Revenue

Up

$2,907,701

Up $31,793 (+1.1%) from 2016

Expenses

Up

$2,983,429

Up $291,685 (+11%) from 2016

Net Income

Down

-$75,728

Down $259,892 (-141%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$3.0M$2.0M$1.0M$0Assets 2012: $2,415,851Liabilities 2012: $2,038,285Net Assets 2012: $377,5662012Assets 2013: $2,372,686Liabilities 2013: $2,137,124Net Assets 2013: $235,5622013Assets 2014: $2,341,146Liabilities 2014: $2,142,167Net Assets 2014: $198,9792014Assets 2015: $2,442,595Liabilities 2015: $2,153,051Net Assets 2015: $289,5442015Assets 2016: $2,509,174Liabilities 2016: $2,035,468Net Assets 2016: $473,7062016Assets 2017: $2,467,846Liabilities 2017: $2,069,863Net Assets 2017: $397,9832017Assets 2018: $2,209,611Liabilities 2018: $1,863,481Net Assets 2018: $346,1302018Assets 2019: $2,160,342Liabilities 2019: $1,844,866Net Assets 2019: $315,4762019Assets 2020: $2,057,161Liabilities 2020: $1,628,999Net Assets 2020: $428,1622020Assets 2021: $2,253,058Liabilities 2021: $1,351,825Net Assets 2021: $901,2332021Assets 2022: $2,491,648Liabilities 2022: $1,300,962Net Assets 2022: $1,190,6862022Assets 2023: $2,636,370Liabilities 2023: $1,332,303Net Assets 2023: $1,304,0672023Assets 2024: $2,597,289Liabilities 2024: $1,257,988Net Assets 2024: $1,339,3012024Assets 2025: $2,603,744Liabilities 2025: $1,100,766Net Assets 2025: $1,502,9782025

Highlighted filing

2017

Assets$2,467,846
Liabilities$2,069,863
Net Assets$397,983
Open 2017 Filing

Operations Trend

Revenue Growth41st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $2,224,392Expenses 2012: $2,370,546Net Income 2012: -$146,1542012Revenue 2013: $2,174,807Expenses 2013: $2,316,814Net Income 2013: -$142,0072013Revenue 2014: $2,185,606Expenses 2014: $2,222,189Net Income 2014: -$36,5832014Revenue 2015: $2,656,629Expenses 2015: $2,566,064Net Income 2015: $90,5652015Revenue 2016: $2,875,908Expenses 2016: $2,691,744Net Income 2016: $184,1642016Revenue 2017: $2,907,701Expenses 2017: $2,983,429Net Income 2017: -$75,7282017Revenue 2018: $2,968,630Expenses 2018: $3,001,722Net Income 2018: -$33,0922018Revenue 2019: $2,560,404Expenses 2019: $2,591,058Net Income 2019: -$30,6542019Revenue 2020: $2,674,542Expenses 2020: $2,561,856Net Income 2020: $112,6862020Revenue 2021: $2,722,329Expenses 2021: $2,249,260Net Income 2021: $473,0692021Revenue 2022: $3,289,748Expenses 2022: $3,000,295Net Income 2022: $289,4532022Revenue 2023: $3,892,116Expenses 2023: $3,778,735Net Income 2023: $113,3812023Revenue 2024: $4,121,181Expenses 2024: $4,085,947Net Income 2024: $35,2342024Revenue 2025: $4,431,246Expenses 2025: $4,267,569Net Income 2025: $163,6772025

Highlighted filing

2017

Revenue$2,907,701
Expenses$2,983,429
Net Income-$75,728
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$2,917,013
Mission and Program Overview

Mission

Seeks to enhance the god-given potential in each student through quality christian education so they may be servants of jesus christ in the world.

Operation of a private Christian education institute on a non-discriminatory basis to approximately 360 students, grades K3 through 12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,110,841$2,145,925▲ $35,084
Savings and Temporary Cash Investments$235,444$137,377▼ $98,067
Accounts Receivable$76,893$97,736▲ $20,843
Prepaid Expenses and Deferred Charges$56,510$58,653▲ $2,143
Inventories for Sale or Use$10,627$9,296▼ $1,331
Cash and Non-Interest-Bearing Accounts$100$100→ $0
Total Assets$2,509,174$2,467,846▼ $41,328
Other Assets Total$18,759$18,759→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,361,243$1,390,239▲ $28,996
Deferred Revenue$527,255$519,479▼ $7,776
Accounts Payable and Accrued Expenses$146,970$160,145▲ $13,175
Total Liabilities$2,035,468$2,069,863▲ $34,395
Net Assets / Fund Balance
Unrestricted Net Assets$349,169$291,382▼ $57,787
Temporarily Rstr Net Assets$111,087$93,151▼ $17,936
Permanently Rstr Net Assets$13,450$13,450→ $0
Total Net Assets Fund Balance$473,706$397,983▼ $75,723
Total Liabilities and Net Assets / Fund Balance$2,509,174$2,467,846▼ $41,328

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,557,104$1,095,500$2,652,604
Equipment$326,454$140,593$467,047
Land$258,499-$258,499
Other Land Buildings$3,868$14,090$17,958
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Brian KelleyInternational Program CoordinatorFT$72,954$72,954
Chad WingertFinancial ManagerFT$59,376$59,376
-HeadmasterFT$52,460$52,460
Mathew McIntoshSchool PrincipalFT$52,460$52,460

Board Members and Trustees

NameTitle
Douglas NighChairman
Dana JenkinsDirector
Kathy GriffithDirector
Nina MurrayDirector
Thomas EvansDirector
Christopher CastoSecretary
Arnold EbyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$31,101
Program Service Revenue
$2,876,684
Investment Income
$2
Other Revenue
$-86
All Other Contributions
$31,101
Change in Net Assets
$-75,728
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,856,063
Other Expenses$1,018,111
Grants and Similar Amounts Paid$109,255
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,187,840$11,998-$1,199,838
Other Expenses$488,172--$488,172
Other Employee Benefits$350,346$3,539-$353,885
Occupancy$227,185$2,295-$229,480
Current Officers, Directors, Trustees, and Key Employees$195,592$1,976-$197,568
Depreciation Depletion$122,906$1,241-$124,147
Grants to Domestic Individuals$109,255--$109,255
Payroll Taxes$103,724$1,048-$104,772
Information Technology$88,875$898-$89,773
Office Expenses$48,258$487-$48,745
Advertising$29,813--$29,813
Travel$3,923$300-$4,223
Fees for Services Accounting$1,840$1,840-$3,680
Fees for Services Legal$78--$78
Total Functional Expenses$2,957,807$25,622$0$2,983,429
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,312
Fundraising Gross Income$9,226
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Carol BargerSpouse of Former Bd ChairmanEmployeeNo$27,562
Amy CastoSpouse of Current DirectorEmployeeNo$21,657
Hannah DeanChild of Former Bd ChairmanEmployeeNo$20,642
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
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, Line 11

“Copies of Form 990 are issued to all Board of Directors in attendance at the meeting following delivery of the annual financial statements and tax return from the Academys independent accountant. Copies are forwarded within 24 hours of this meeting to those directors absent. All directors have 21 days to notify Mr. Wingert of any comments, concerns, or questions prior to the mailing of the 990 return by Mr. Wingert. Mr. Wingert then must contact the board chair with any input received from the directors. If necessary the 990 return would be corrected prior to mailing.”

Form 990, Part VI, Line 12

“Through the policy manual of the Academys Board of Directors, each Director is reminded of their duty to disclose any and all known conflicts of interest to the Board and to refrain in those managerial actions that are affected.”

Form 990, Part VI, Line 15

“Compensation of the Academys top management official is controlled by the Board of Directors. The level of compensation is annually reviewed as all Board members are requested to participate using their knowledge from their own business settings and the health of the local economy relating those elements to the officials performance under the existing operating circumstances of the Academy.”

Form 990, Part VI, Line 19

“Upon written request from a legitimate source the Academy will respond in photocopy format within 30 days to public requests for disclosure of listed documents.”

Filing and Contact Details

Filer

Filer Name
Grace Academy Inc
EIN
52-1096867
Phone
3017332033
Address
13321 Cearfoss Pike, Hagerstown, MD 21740-1614

Signing Officer

Name
Chad Wingert
Title
Financial Manager
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1977
Legal Domicile
Md
Voting Board Members
7
Independent Board Members
7
Employees
98
Volunteers
30

Preparer

Firm
Kevin E Anders CPA
Address
9735 Lock Tender Lane, Williamsport, MD 21795
Preparer
Kevin E Anders
Phone
3015822920
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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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt8Financial Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt9School Principal
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01390239
IRS990/NetAssetsOrFundBalancesBOYAmt0473706
IRS990/NetAssetsOrFundBalancesEOYAmt0397983
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-86
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-86
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt02295
IRS990/OccupancyGrp/ProgramServicesAmt0227185
IRS990/OccupancyGrp/TotalAmt0229480
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0487
IRS990/OfficeExpensesGrp/ProgramServicesAmt048258
IRS990/OfficeExpensesGrp/TotalAmt048745
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt018759
IRS990/OtherAssetsTotalGrp/EOYAmt018759
IRS990/OtherChangesInNetAssetsAmt05
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03539
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0350346
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0353885
IRS990/OtherExpensesGrp/Desc0School operation/supplies
IRS990/OtherExpensesGrp/ProgramServicesAmt0488172
IRS990/OtherExpensesGrp/TotalAmt0488172
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011998
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01187840
IRS990/OtherSalariesAndWagesGrp/TotalAmt01199838
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01048
IRS990/PayrollTaxesGrp/ProgramServicesAmt0103724
IRS990/PayrollTaxesGrp/TotalAmt0104772
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt013450
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt013450
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt056510
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt058653
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Chad Wingert
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0812900
IRS990/ProgramServiceRevenueGrp/Desc0School operation
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02876684
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02876684
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt042069
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt085989
IRS990/PYInvestmentIncomeAmt0450
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01010558
IRS990/PYOtherRevenueAmt019222
IRS990/PYProgramServiceRevenueAmt02814167
IRS990/PYRevenuesLessExpensesAmt0184164
IRS990/PYSalariesCompEmpBnftPaidAmt01595197
IRS990/PYTotalExpensesAmt02691744
IRS990/PYTotalRevenueAmt02875908
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-75728
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02876684
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0235444
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0137377
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01557104
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01095500
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02652604
IRS990ScheduleD/EquipmentGrp/BookValueAmt0326454
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0140593
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0467047
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0258499
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0258499
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03868
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014090
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt017958
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02145925
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
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0109255
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Tuition Assistance
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt057
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Amy Casto
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Carol Barger
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2Hannah Dean
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Spouse of Current Director
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Spouse of Former Bd Chairman
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2Child of Former Bd Chairman
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt021657
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt127562
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt220642
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Employee
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Employee
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2Employee
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Copies of Form 990 are issued to all Board of Directors in attendance at the meeting following delivery of the annual financial statements and tax return from the Academys independent accountant. Copies are forwarded within 24 hours of this meeting to those directors absent. All directors have 21 days to notify Mr. Wingert of any comments, concerns, or questions prior to the mailing of the 990 return by Mr. Wingert. Mr. Wingert then must contact the board chair with any input received from the directors. If necessary the 990 return would be corrected prior to mailing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Through the policy manual of the Academys Board of Directors, each Director is reminded of their duty to disclose any and all known conflicts of interest to the Board and to refrain in those managerial actions that are affected.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation of the Academys top management official is controlled by the Board of Directors. The level of compensation is annually reviewed as all Board members are requested to participate using their knowledge from their own business settings and the health of the local economy relating those elements to the officials performance under the existing operating circumstances of the Academy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Upon written request from a legitimate source the Academy will respond in photocopy format within 30 days to public requests for disclosure of listed documents.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Rounding 5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0111087
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt093151
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02509174
IRS990/TotalAssetsEOYAmt02467846
IRS990/TotalAssetsGrp/BOYAmt02509174
IRS990/TotalAssetsGrp/EOYAmt02467846
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt031101
IRS990/TotalEmployeeCnt098
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025622
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02957807
IRS990/TotalFunctionalExpensesGrp/TotalAmt02983429

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,467,846
Liabilities
$2,069,863
Net assets
$397,983
Revenue
$2,907,701
Expenses
$2,983,429
Net income
-$75,728
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.60$1.10$1.50$4.43$4.27$0.16
2024Detailed filing. Detailed filing data is available for this year.$2.60$1.26$1.34$4.12$4.09$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.64$1.33$1.30$3.89$3.78$0.11
2022Detailed filing. Detailed filing data is available for this year.$2.49$1.30$1.19$3.29$3.00$0.29
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$1.35$0.90$2.72$2.25$0.47
2020Detailed filing. Detailed filing data is available for this year.$2.06$1.63$0.43$2.67$2.56$0.11
2019Detailed filing. Detailed filing data is available for this year.$2.16$1.84$0.32$2.56$2.59$0.03
2018Detailed filing. Detailed filing data is available for this year.$2.21$1.86$0.35$2.97$3.00$0.03
2017Detailed filing. Detailed filing data is available for this year.$2.47$2.07$0.40$2.91$2.98$0.08
2016Summary only. Only limited summary data is available for this year.$2.51$2.04$0.47$2.88$2.69$0.18
2015Summary only. Only limited summary data is available for this year.$2.44$2.15$0.29$2.66$2.57$0.09
2014Summary only. Only limited summary data is available for this year.$2.34$2.14$0.20$2.19$2.22$0.04
2013Summary only. Only limited summary data is available for this year.$2.37$2.14$0.24$2.17$2.32$0.14
2012Summary only. Only limited summary data is available for this year.$2.42$2.04$0.38$2.22$2.37$0.15