Civic Intelligence

Northeast Academy a Christian School

990 • Fiscal year 2020 • EIN 56-0860838

Jul 01, 2019 to Jun 30, 2020 • Filed on Jul 24, 2020

210 East Church StreetLasker, NC 27845

(252) 539-2461

Siviq Scores

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

Liabilities / Assets

71st percentile

0.25x

Higher debt load relative to assets than 71% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

68th percentile

0.16x

Higher debt load relative to revenue than 68% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Net Margin

36th percentile

-0.4%

Higher net margin than 36% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Asset Growth

71st percentile

26%

Faster asset growth than 71% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

55th percentile

0.0%

Faster revenue growth than 55% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$583,043

Up $120,036 (+26%) from 2019

Net Assets

Down

$439,358

Down $3,638 (-0.8%) from 2019

Liabilities

Up

$143,685

Up $123,674 (+618%) from 2019

Revenue

Up

$888,939

Up $202 (+0.0%) from 2019

Expenses

Down

$892,577

Down $46,074 (-4.9%) from 2019

Net Income

Up

-$3,638

Up $46,276 (+93%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $505,099Liabilities 2012: $24,894Net Assets 2012: $480,2052012Assets 2013: $446,350Liabilities 2013: $18,951Net Assets 2013: $427,3992013Assets 2014: $482,353Liabilities 2014: $6,592Net Assets 2014: $475,7612014Assets 2015: $514,169Liabilities 2015: $24,381Net Assets 2015: $489,7882015Assets 2016: $495,043Liabilities 2016: $13,237Net Assets 2016: $481,8062016Assets 2017: $518,711Liabilities 2017: $32,904Net Assets 2017: $485,8072017Assets 2018: $524,555Liabilities 2018: $31,645Net Assets 2018: $492,9102018Assets 2019: $463,007Liabilities 2019: $20,011Net Assets 2019: $442,9962019Assets 2020: $583,043Liabilities 2020: $143,685Net Assets 2020: $439,3582020Assets 2021: $577,336Liabilities 2021: $28,461Net Assets 2021: $548,8752021Assets 2022: $596,282Liabilities 2022: $23,462Net Assets 2022: $572,8202022Assets 2023: $791,773Liabilities 2023: $11,003Net Assets 2023: $780,7702023Assets 2024: $885,626Liabilities 2024: $6,924Net Assets 2024: $878,7022024Assets 2025: $1,009,574Liabilities 2025: $10,205Net Assets 2025: $999,3692025

Highlighted filing

2020

Assets$583,043
Liabilities$143,685
Net Assets$439,358

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $918,283Expenses 2012: $910,379Net Income 2012: $7,9042012Revenue 2013: $809,278Expenses 2013: $862,084Net Income 2013: -$52,8062013Revenue 2014: $819,891Expenses 2014: $771,529Net Income 2014: $48,3622014Revenue 2015: $781,438Expenses 2015: $767,411Net Income 2015: $14,0272015Revenue 2016: $763,393Expenses 2016: $771,375Net Income 2016: -$7,9822016Revenue 2017: $843,128Expenses 2017: $839,127Net Income 2017: $4,0012017Revenue 2018: $919,660Expenses 2018: $912,557Net Income 2018: $7,1032018Revenue 2019: $888,737Expenses 2019: $938,651Net Income 2019: -$49,9142019Revenue 2020: $888,939Expenses 2020: $892,577Net Income 2020: -$3,6382020Revenue 2021: $1,053,039Expenses 2021: $943,522Net Income 2021: $109,5172021Revenue 2022: $1,015,402Expenses 2022: $991,457Net Income 2022: $23,9452022Revenue 2023: $1,285,523Expenses 2023: $1,077,573Net Income 2023: $207,9502023Revenue 2024: $1,171,224Expenses 2024: $1,107,156Net Income 2024: $64,0682024Revenue 2025: $1,436,553Expenses 2025: $1,315,607Net Income 2025: $120,9462025

Highlighted filing

2020

Revenue$888,939
Expenses$892,577
Net Income-$3,638
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jul 24, 2020
Return Version
2019v5.0
Gross Receipts
$996,669
Mission and Program Overview

Mission

To provide a secondary education for children

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$330,030$459,797▲ $129,767
Savings and Temporary Cash Investments$71,042$65,445▼ $5,597
Investments in Publicly Traded Securities$31,963$32,780▲ $817
Land, Buildings, and Equipment, Net$29,368$22,773▼ $6,595
Inventories for Sale or Use$604$2,248▲ $1,644
Total Assets$463,007$583,043▲ $120,036
Liabilities
Mortgage Notes Payable Secured by Investment Property-$132,970-
Deferred Revenue$17,621$8,325▼ $9,296
Accounts Payable and Accrued Expenses$2,390$2,390→ $0
Total Liabilities$20,011$143,685▲ $123,674
Net Assets / Fund Balance
Net Assets With Donor Restrictions$233,045$224,918▼ $8,127
Net Assets Without Donor Restrictions$209,951$214,440▲ $4,489
Total Net Assets Fund Balance$442,996$439,358▼ $3,638
Total Liabilities and Net Assets / Fund Balance$463,007$583,043▲ $120,036

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22,773$147,951$170,724
Compensation and Service Providers

Board Members and Trustees

NameTitle
Renee BakerChairman
Derreck LongVice Chairma
Angel RawlsDirector
Anthony SimmonsDirector
April LivermanDirector
Bobby JonesDirector
Chris WestDirector
Dawn JarrattDirector
Jimi JilcottDirector
Joe MartinDirector
Jonathan BarnesDirector
Jonathan MorrisDirector
Mandy VannDirector
Mark LassiterDirector
Misty BurenDirector
Mitzi TaylorDirector
Pat RoweDirector
Tim WhiteDirector
Timmy DixonDirector
Wanda TrevinoDirector
Kelly VannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,630
Program Service Revenue
$852,843
Investment Income
$1,562
Other Revenue
$32,904
All Other Contributions
$1,630
Change in Net Assets
$-3,638
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$673,264
Other Expenses$219,313
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$590,577$26,843-$617,420
Occupancy$57,859--$57,859
Payroll Taxes$47,582$2,069-$49,651
All Other Expenses$18,479--$18,479
Insurance$17,087--$17,087
Other Expenses$14,786--$14,786
Depreciation Depletion$6,595--$6,595
Pension Plan Contributions$6,193--$6,193
Fees for Services Accounting-$4,800-$4,800
Office Expenses-$1,584-$1,584
Fees for Service Investment Mgmnt Fees-$644-$644
Total Functional Expenses$856,637$35,940$0$892,577
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$77,785
Fundraising Direct Expenses$35,456
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fund Raising Pr$77,785$77,785$35,456$42,329
Total Events$77,785$77,785$35,456$42,329
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
Yes
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
No
Other officer compensation reviewed
Yes
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

The 990 is presented to the board of directors and the chairman reviews the return before it is mailed.

Form 990, Page 6, Part VI, Line 15B

The board of directors are not compensated for their time. They determine the salaries for all the employees of the school. This is done by reviewing each empoyee's credentials, length of service, job performance, and looking at what other private schools are paying in the area for comparable jobs.

Form 990, Page 6, Part VI, Line 19

The governing documents are in the school office and are available upon request.

Filing and Contact Details

Filer

Filer Name
Northeast Academy
EIN
56-0860838
Phone
2525392461
Address
210 EAST CHURCH STREET, LASKER, NC 27845

Signing Officer

Name
Renee Baker
Title
Chairman
Phone
2525392461
Signed
2020-07-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Renee Baker
Formed
1966
Legal Domicile
Nc
Voting Board Members
21
Independent Board Members
21
Employees
37

Preparer

Firm
Jentry White CPA
Address
PO BOX 897, JACKSON, NC 27845-0897
Preparer
R J White Iii
Phone
2525343911
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IRS990/InventoriesForSaleOrUseGrp/EOYAmt02248
IRS990/InvestmentIncomeGrp/ExclusionAmt01562
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01562
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt031963
IRS990/InvestmentsPubTradedSecGrp/EOYAmt032780
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0147951
IRS990/LandBldgEquipBasisNetGrp/BOYAmt029368
IRS990/LandBldgEquipBasisNetGrp/EOYAmt022773
IRS990/LandBldgEquipCostOrOtherBssAmt0170724
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE A SECONDARY EDUCATION FOR CHILDREN
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0132970
IRS990/NetAssetsOrFundBalancesBOYAmt0442996
IRS990/NetAssetsOrFundBalancesEOYAmt0439358
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt042329
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-9425
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-9425
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0209951
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0214440
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt057859
IRS990/OccupancyGrp/TotalAmt057859
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01584
IRS990/OfficeExpensesGrp/TotalAmt01584
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0CLASS & CLUB EXPENSES
IRS990/OtherExpensesGrp/Desc1BOOKS & SUPPLIES
IRS990/OtherExpensesGrp/Desc2ATHLETIC PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc3EQUIPMENT LEASES
IRS990/OtherExpensesGrp/ProgramServicesAmt059881
IRS990/OtherExpensesGrp/ProgramServicesAmt120534
IRS990/OtherExpensesGrp/ProgramServicesAmt217064
IRS990/OtherExpensesGrp/ProgramServicesAmt314786
IRS990/OtherExpensesGrp/TotalAmt059881
IRS990/OtherExpensesGrp/TotalAmt120534
IRS990/OtherExpensesGrp/TotalAmt217064
IRS990/OtherExpensesGrp/TotalAmt314786
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026843
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0590577
IRS990/OtherSalariesAndWagesGrp/TotalAmt0617420
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02069
IRS990/PayrollTaxesGrp/ProgramServicesAmt047582
IRS990/PayrollTaxesGrp/TotalAmt049651
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06193
IRS990/PensionPlanContributionsGrp/TotalAmt06193
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RENEE BAKER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1CLASSES & CLUBS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0785491
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt167352
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0785491
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt167352
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt06200
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0754
IRS990/PYOtherExpensesAmt0295368
IRS990/PYOtherRevenueAmt051180
IRS990/PYProgramServiceRevenueAmt0830603
IRS990/PYRevenuesLessExpensesAmt0-49914
IRS990/PYSalariesCompEmpBnftPaidAmt0643283
IRS990/PYTotalExpensesAmt0938651
IRS990/PYTotalRevenueAmt0888737
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-3638
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0852843
IRS990/SavingsAndTempCashInvstGrp/BOYAmt071042
IRS990/SavingsAndTempCashInvstGrp/EOYAmt065445
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt022773
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0147951
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0170724
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022773
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/ExplanationTxt0EACH YEAR AN OPEN HOUSE IS ADVERTISED IN THE LOCAL PAPER AND A NONDISCRIMINATION CLAUSE IS PUBLISHED WITH THE AD.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt035456
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUND RAISING PR
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt077785
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt077785
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt077785
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt077785
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt042329
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt035456
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt035456
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PRESENTED TO THE BOARD OF DIRECTORS AND THE CHAIRMAN REVIEWS THE RETURN BEFORE IT IS MAILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ARE NOT COMPENSATED FOR THEIR TIME. THEY DETERMINE THE SALARIES FOR ALL THE EMPLOYEES OF THE SCHOOL. THIS IS DONE BY REVIEWING EACH EMPOYEE'S CREDENTIALS, LENGTH OF SERVICE, JOB PERFORMANCE, AND LOOKING AT WHAT OTHER PRIVATE SCHOOLS ARE PAYING IN THE AREA FOR COMPARABLE JOBS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS ARE IN THE SCHOOL OFFICE AND ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0463007
IRS990/TotalAssetsEOYAmt0583043
IRS990/TotalAssetsGrp/BOYAmt0463007
IRS990/TotalAssetsGrp/EOYAmt0583043

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.01$0.01$1.00$1.44$1.32$0.12
2024Detailed filing. Detailed filing data is available for this year.$0.89$0.01$0.88$1.17$1.11$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.79$0.01$0.78$1.29$1.08$0.21
2022Detailed filing. Detailed filing data is available for this year.$0.60$0.02$0.57$1.02$0.99$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.58$0.03$0.55$1.05$0.94$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.58$0.14$0.44$0.89$0.89$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.46$0.02$0.44$0.89$0.94$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.52$0.03$0.49$0.92$0.91$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.52$0.03$0.49$0.84$0.84$0.00
2016Summary only. Only limited summary data is available for this year.$0.50$0.01$0.48$0.76$0.77$0.01
2015Summary only. Only limited summary data is available for this year.$0.51$0.02$0.49$0.78$0.77$0.01
2014Summary only. Only limited summary data is available for this year.$0.48$0.01$0.48$0.82$0.77$0.05
2013Summary only. Only limited summary data is available for this year.$0.45$0.02$0.43$0.81$0.86$0.05
2012Summary only. Only limited summary data is available for this year.$0.51$0.02$0.48$0.92$0.91$0.01