Civic Intelligence

Northeast Academy a Christian School

990 • Fiscal year 2021 • EIN 56-0860838

Jul 01, 2020 to Jun 30, 2021 • Filed on Aug 05, 2021

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

42nd percentile

0.05x

Higher debt load relative to assets than 42% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

34th percentile

0.03x

Higher debt load relative to revenue than 34% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Net Margin

45th percentile

10%

Higher net margin than 45% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Asset Growth

21st percentile

-1.0%

Faster asset growth than 21% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

57th percentile

18%

Faster revenue growth than 57% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$577,336

Down $5,707 (-1.0%) from 2020

Net Assets

Up

$548,875

Up $109,517 (+25%) from 2020

Liabilities

Down

$28,461

Down $115,224 (-80%) from 2020

Revenue

Up

$1,053,039

Up $164,100 (+18%) from 2020

Expenses

Up

$943,522

Up $50,945 (+5.7%) from 2020

Net Income

Up

$109,517

Up $113,155 (+3110%) from 2020

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

2021

Assets$577,336
Liabilities$28,461
Net Assets$548,875

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

2021

Revenue$1,053,039
Expenses$943,522
Net Income$109,517
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Aug 5, 2021
Return Version
2020v4.0
Gross Receipts
$1,133,226
Mission and Program Overview

Mission

To provide a secondary education for children

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$459,797$460,882▲ $1,085
Savings and Temporary Cash Investments$65,445$65,499▲ $54
Investments in Publicly Traded Securities$32,780$33,212▲ $432
Land, Buildings, and Equipment, Net$22,773$17,419▼ $5,354
Inventories for Sale or Use$2,248$324▼ $1,924
Total Assets$583,043$577,336▼ $5,707
Liabilities
Mortgage Notes Payable Secured by Investment Property$132,970--
Deferred Revenue$8,325$26,071▲ $17,746
Accounts Payable and Accrued Expenses$2,390$2,390→ $0
Total Liabilities$143,685$28,461▼ $115,224
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$214,440$333,609▲ $119,169
Net Assets With Donor Restrictions$224,918$215,266▼ $9,652
Total Net Assets Fund Balance$439,358$548,875▲ $109,517
Total Liabilities and Net Assets / Fund Balance$583,043$577,336▼ $5,707

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,419$153,305$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
Joe MartinDirector
Jonathan BarnesDirector
Jonathan MorrisDirector
Karren WheelerDirector
Mandy VannDirector
Mark LassiterDirector
Misty BurenDirector
Mitzi TaylorDirector
Timmy DixonDirector
Kelly VannTreasurer/se
Revenue and Support

Revenue Composition

Contributions and Grants
$139,010
Program Service Revenue
$891,374
Investment Income
$1,254
Other Revenue
$21,401
All Other Contributions
$6,040
Change in Net Assets
$109,517
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$684,688
Other Expenses$258,834
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$601,785$27,343-$629,128
Occupancy$72,407--$72,407
Payroll Taxes$48,732$2,107-$50,839
All Other Expenses$26,671--$26,671
Insurance$16,333--$16,333
Other Expenses$12,448--$12,448
Depreciation Depletion$5,352--$5,352
Fees for Services Legal-$4,992-$4,992
Pension Plan Contributions$4,721--$4,721
Fees for Services Accounting-$4,540-$4,540
Office Expenses-$3,122-$3,122
Fees for Service Investment Mgmnt Fees-$719-$719
Total Functional Expenses$900,699$42,823$0$943,522
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$36,981
Fundraising Direct Expenses$8,891
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fund Raising Pr$36,981$36,981$8,891$28,090
Total Events$36,981$36,981$8,891$28,090
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
Kelly Vann
Title
Treasurer/secretary
Phone
2525392461
Signed
2021-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Renee Baker
Formed
1966
Legal Domicile
Nc
Voting Board Members
18
Independent Board Members
18
Employees
42

Preparer

Firm
Jentry White CPA
Address
PO BOX 897, JACKSON, NC 27845-0897
Preparer
R J White Iii
Phone
2525343911
Supplemental Narrative

Additional Explanations

Form 990, Page 5, Part V, Line 3B

NO UNRELATED INCOME

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IRS990/MissionDesc0TO PROVIDE A SECONDARY EDUCATION FOR CHILDREN
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0132970
IRS990/NetAssetsOrFundBalancesBOYAmt0439358
IRS990/NetAssetsOrFundBalancesEOYAmt0548875
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt028090
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-6689
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-6689
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0214440
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0333609
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt072407
IRS990/OccupancyGrp/TotalAmt072407
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03122
IRS990/OfficeExpensesGrp/TotalAmt03122
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0CLASS & CLUB EXPENSES
IRS990/OtherExpensesGrp/Desc1ATHLETIC PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc2BOOKS & SUPPLIES
IRS990/OtherExpensesGrp/Desc3EQUIPMENT LEASES
IRS990/OtherExpensesGrp/ProgramServicesAmt061626
IRS990/OtherExpensesGrp/ProgramServicesAmt127777
IRS990/OtherExpensesGrp/ProgramServicesAmt222847
IRS990/OtherExpensesGrp/ProgramServicesAmt312448
IRS990/OtherExpensesGrp/TotalAmt061626
IRS990/OtherExpensesGrp/TotalAmt127777
IRS990/OtherExpensesGrp/TotalAmt222847
IRS990/OtherExpensesGrp/TotalAmt312448
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027343
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0601785
IRS990/OtherSalariesAndWagesGrp/TotalAmt0629128
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02107
IRS990/PayrollTaxesGrp/ProgramServicesAmt048732
IRS990/PayrollTaxesGrp/TotalAmt050839
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04721
IRS990/PensionPlanContributionsGrp/TotalAmt04721
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RENEE BAKER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1CLASSES & CLUBS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0834175
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt157199
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0834175
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt157199
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01630
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01562
IRS990/PYOtherExpensesAmt0219313
IRS990/PYOtherRevenueAmt032904
IRS990/PYProgramServiceRevenueAmt0852843
IRS990/PYRevenuesLessExpensesAmt0-3638
IRS990/PYSalariesCompEmpBnftPaidAmt0673264
IRS990/PYTotalExpensesAmt0892577
IRS990/PYTotalRevenueAmt0888939
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0109517
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0891374
IRS990/SavingsAndTempCashInvstGrp/BOYAmt065445
IRS990/SavingsAndTempCashInvstGrp/EOYAmt065499
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/EquipmentGrp/BookValueAmt017419
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0153305
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0170724
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017419
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/DirectExpenseSummaryEventsAmt08891
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUND RAISING PR
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt036981
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt036981
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt036981
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt036981
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt028090
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt08891
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt08891
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO UNRELATED INCOME
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS PRESENTED TO THE BOARD OF DIRECTORS AND THE CHAIRMAN REVIEWS THE RETURN BEFORE IT IS MAILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3THE GOVERNING DOCUMENTS ARE IN THE SCHOOL OFFICE AND ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 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/TotalAssetsBOYAmt0583043
IRS990/TotalAssetsEOYAmt0577336
IRS990/TotalAssetsGrp/BOYAmt0583043
IRS990/TotalAssetsGrp/EOYAmt0577336
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0139010
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042823
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0900699
IRS990/TotalFunctionalExpensesGrp/TotalAmt0943522

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