Civic Intelligence

Albemarle Educational Foundation Inc.

990 • Fiscal year 2019 • EIN 56-0849318

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 15, 2019

Organization ProfileTHEALBEMARLESCHOOL.ORG

View Organization Page

1210 U S Highway 17 SouthElizabeth City, NC 27909

(252) 338-0883

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.11x

Higher debt load relative to assets than 52% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

46th percentile

0.06x

Higher debt load relative to revenue than 46% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Net Margin

60th percentile

7.3%

Higher net margin than 60% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

44th percentile

$45,000

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Asset Growth

66th percentile

12%

Faster asset growth than 66% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

58th percentile

7.3%

Faster revenue growth than 58% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$759,446

Up $81,138 (+12%) from 2018

Net Assets

Up

$673,207

Up $100,862 (+18%) from 2018

Liabilities

Down

$86,239

Down $19,724 (-19%) from 2018

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin60th percentile

Revenue

Up

$1,390,981

Up $94,129 (+7.3%) from 2018

Expenses

Up

$1,290,119

Up $157,527 (+14%) from 2018

Net Income

Down

$100,862

Down $63,398 (-39%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $533,300Liabilities 2011: $226,468Net Assets 2011: $306,8322011Assets 2012: $469,840Liabilities 2012: $168,695Net Assets 2012: $301,1452012Assets 2013: $354,653Liabilities 2013: $95,275Net Assets 2013: $259,3782013Assets 2014: $313,065Liabilities 2014: $53,326Net Assets 2014: $259,7392014Assets 2015: $345,066Liabilities 2015: $41,343Net Assets 2015: $303,7232015Assets 2016: $397,573Liabilities 2016: $50,758Net Assets 2016: $346,8152016Assets 2017: $474,057Liabilities 2017: $65,972Net Assets 2017: $408,0852017Assets 2018: $678,308Liabilities 2018: $105,963Net Assets 2018: $572,3452018Assets 2019: $759,446Liabilities 2019: $86,239Net Assets 2019: $673,2072019Assets 2020: $958,132Liabilities 2020: $202,568Net Assets 2020: $755,5642020Assets 2021: $923,305Liabilities 2021: $186,744Net Assets 2021: $736,5612021Assets 2022: $959,285Liabilities 2022: $6,688Net Assets 2022: $952,5972022Assets 2023: $1,055,839Liabilities 2023: $17,753Net Assets 2023: $1,038,0862023Assets 2024: $1,357,250Liabilities 2024: $215,262Net Assets 2024: $1,141,9882024Assets 2025: $2,249,723Liabilities 2025: $1,085,584Net Assets 2025: $1,164,1392025

Highlighted filing

2019

Assets$759,446
Liabilities$86,239
Net Assets$673,207
Open 2019 Filing

Operations Trend

Revenue Growth58th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,033,605Expenses 2011: $1,051,058Net Income 2011: -$17,4532011Revenue 2012: $953,796Expenses 2012: $959,483Net Income 2012: -$5,6872012Revenue 2013: $851,954Expenses 2013: $893,721Net Income 2013: -$41,7672013Revenue 2014: $874,007Expenses 2014: $873,646Net Income 2014: $3612014Revenue 2015: $915,246Expenses 2015: $871,262Net Income 2015: $43,9842015Revenue 2016: $976,558Expenses 2016: $933,466Net Income 2016: $43,0922016Revenue 2017: $1,110,376Expenses 2017: $1,049,106Net Income 2017: $61,2702017Revenue 2018: $1,296,852Expenses 2018: $1,132,592Net Income 2018: $164,2602018Revenue 2019: $1,390,981Expenses 2019: $1,290,119Net Income 2019: $100,8622019Revenue 2020: $1,384,693Expenses 2020: $1,302,336Net Income 2020: $82,3572020Revenue 2021: $1,310,080Expenses 2021: $1,329,083Net Income 2021: -$19,0032021Revenue 2022: $1,741,688Expenses 2022: $1,525,652Net Income 2022: $216,0362022Revenue 2023: $1,718,752Expenses 2023: $1,633,263Net Income 2023: $85,4892023Revenue 2024: $1,833,644Expenses 2024: $1,729,742Net Income 2024: $103,9022024Revenue 2025: $2,009,419Expenses 2025: $1,987,268Net Income 2025: $22,1512025

Highlighted filing

2019

Revenue$1,390,981
Expenses$1,290,119
Net Income$100,862
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$1,487,902
Mission and Program Overview

Mission

Education of students from preschool age through high school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$358,475$430,204▲ $71,729
Cash and Non-Interest-Bearing Accounts$279,670$299,663▲ $19,993
Accounts Receivable$38,388$27,804▼ $10,584
Inventories for Sale or Use$1,775$1,775→ $0
Total Assets$678,308$759,446▲ $81,138
Liabilities
Deferred Revenue$85,616$74,350▼ $11,266
Accounts Payable and Accrued Expenses$20,347$11,889▼ $8,458
Total Liabilities$105,963$86,239▼ $19,724
Net Assets / Fund Balance
Unrestricted Net Assets$572,345$673,207▲ $100,862
Total Net Assets Fund Balance$572,345$673,207▲ $100,862
Total Liabilities and Net Assets / Fund Balance$678,308$759,446▲ $81,138

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$149,998$337,776$487,774
Equipment$23,491$258,368$281,859
Land$191,854-$191,854
Other Land Buildings$64,861$83,314$148,175
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleBaseTotal
Holly GlennHeadmistress$45,000$45,000

Board Members and Trustees

NameTitle
Amy BatemanChairman
Jessica JamesVice-chairma
Georgia PerryBoard Member
Kathy FordBoard Member
Tonya JenningsSecretary
Mark DelosreyesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$12,420
Program Service Revenue
$1,333,057
Investment Income
$0
Other Revenue
$45,504
All Other Contributions
$12,420
Change in Net Assets
$100,862
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$924,432
Other Expenses$365,687
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$761,688$97,063-$858,751
All Other Expenses$74,516$37,425-$111,941
Payroll Taxes$58,256$7,425-$65,681
Other Expenses$21,188$8,700-$29,888
Depreciation Depletion$16,729--$16,729
Office Expenses-$8,424-$8,424
Fees for Services Accounting-$4,310-$4,310
Travel$2,763--$2,763
Advertising$555--$555
Interest-$150-$150
Total Functional Expenses$1,126,622$163,497$0$1,290,119
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$133,349
Fundraising Direct Expenses$96,921
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Var.fundraising$133,349$133,349$96,921$36,428
Total Events$133,349$133,349$96,921$36,428
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
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

“Return subject to minimal review by accounting staff.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Albemarle Educational Foundatn Inc
EIN
56-0849318
Phone
2523380883
Address
1210 U S HIGHWAY 17 SOUTH, ELIZABETH CITY, NC 27909

Signing Officer

Name
Amy Bateman
Title
Chairman
Phone
2523380883
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Holly Glenn
Formed
1965
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
96
Volunteers
50

Preparer

Firm
William R Nixon CPA Pc
Address
PO BOX 583, ELIZABETH CITY, NC 27907
Preparer
William R Nixon
Phone
2523386379
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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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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0133349
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0133349
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0133349
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0133349
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt036428
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt096921
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt096921
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETURN SUBJECT TO MINIMAL REVIEW BY ACCOUNTING STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0678308
IRS990/TotalAssetsEOYAmt0759446
IRS990/TotalAssetsGrp/BOYAmt0678308
IRS990/TotalAssetsGrp/EOYAmt0759446
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt012420
IRS990/TotalEmployeeCnt096
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0163497
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01126622
IRS990/TotalFunctionalExpensesGrp/TotalAmt01290119
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0105963
IRS990/TotalLiabilitiesEOYAmt086239
IRS990/TotalLiabilitiesGrp/BOYAmt0105963
IRS990/TotalLiabilitiesGrp/EOYAmt086239
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0572345
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0673207
IRS990/TotalProgramServiceExpensesAmt01126622
IRS990/TotalProgramServiceRevenueAmt01333057
IRS990/TotalReportableCompFromOrgAmt045000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01342133
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01390981
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0678308
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0759446
IRS990/TravelGrp/ProgramServicesAmt02763
IRS990/TravelGrp/TotalAmt02763
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0572345
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0673207
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01210 US HIGHWAY 17 S
IRS990/USAddress/CityNm0ELIZABETH CITY
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027909
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0THEALBEMARLESCHOOL.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AMY BATEMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02523380883
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBEMARLE EDUCATIONAL FOUNDATN INC
ReturnHeader/Filer/BusinessNameControlTxt0ALBE
ReturnHeader/Filer/EIN0560849318
ReturnHeader/Filer/PhoneNum02523380883
ReturnHeader/Filer/USAddress/AddressLine1Txt01210 U S HIGHWAY 17 SOUTH
ReturnHeader/Filer/USAddress/CityNm0ELIZABETH CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027909
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F910D7E15D0BCAC8E61B15DE21BFE93C7794CD80
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F910D7E15D0BCAC8E61B15DE21BFE93C7794CD80
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.211.169.157
ReturnHeader/FilingSecurityInformation/IPDt02019-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm007:33:39
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261943252
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILLIAM R NIXON CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 583
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ELIZABETH CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027907
ReturnHeader/PreparerPersonGrp/PhoneNum02523386379
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM R NIXON
ReturnHeader/ReturnTs02019-11-15T07:33:39-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$759,446
Liabilities
$86,239
Net assets
$673,207
Revenue
$1,390,981
Expenses
$1,290,119
Net income
$100,862
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.25$1.09$1.16$2.01$1.99$0.02
2024Detailed filing. Detailed filing data is available for this year.$1.36$0.22$1.14$1.83$1.73$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.06$0.02$1.04$1.72$1.63$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.96$0.01$0.95$1.74$1.53$0.22
2021Detailed filing. Detailed filing data is available for this year.$0.92$0.19$0.74$1.31$1.33$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.96$0.20$0.76$1.38$1.30$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.76$0.09$0.67$1.39$1.29$0.10
2018Summary only. Only limited summary data is available for this year.$0.68$0.11$0.57$1.30$1.13$0.16
2017Summary only. Only limited summary data is available for this year.$0.47$0.07$0.41$1.11$1.05$0.06
2016Summary only. Only limited summary data is available for this year.$0.40$0.05$0.35$0.98$0.93$0.04
2015Summary only. Only limited summary data is available for this year.$0.35$0.04$0.30$0.92$0.87$0.04
2014Summary only. Only limited summary data is available for this year.$0.31$0.05$0.26$0.87$0.87$0.00
2013Summary only. Only limited summary data is available for this year.$0.35$0.10$0.26$0.85$0.89$0.04
2012Summary only. Only limited summary data is available for this year.$0.47$0.17$0.30$0.95$0.96$0.01
2011Summary only. Only limited summary data is available for this year.$0.53$0.23$0.31$1.03$1.05$0.02