Civic Intelligence

Bertie Educational Foundation Inc.

990 • Fiscal year 2016 • EIN 56-0905835

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 10, 2016

Organization ProfileWWW.LAWRENCEACADEMY.ORG

View Organization Page

PO Box 70Merry Hill, NC 27957-0070

(252) 482-4748

Siviq Scores

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

Liabilities / Assets

97th percentile

1.40x

Higher debt load relative to assets than 97% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

86th percentile

0.77x

Higher debt load relative to revenue than 86% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Net Margin

16th percentile

-9.5%

Higher net margin than 16% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

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

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Asset Growth

17th percentile

-6.4%

Faster asset growth than 17% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

17th percentile

-13%

Faster revenue growth than 17% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$764,981

Down $52,484 (-6.4%) from 2015

Net Assets

Down

-$308,775

Down $132,543 (-75%) from 2015

Liabilities

Up

$1,073,756

Up $80,059 (+8.1%) from 2015

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin16th percentile

Revenue

Down

$1,395,702

Down $207,375 (-13%) from 2015

Expenses

Down

$1,528,245

Down $34,822 (-2.2%) from 2015

Net Income

Down

-$132,543

Down $172,553 (-431%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $801,761Liabilities 2011: $748,991Net Assets 2011: $52,7702011Assets 2012: $809,691Liabilities 2012: $842,193Net Assets 2012: -$32,5022012Assets 2013: $758,280Liabilities 2013: $881,190Net Assets 2013: -$122,9102013Assets 2014: $737,972Liabilities 2014: $954,214Net Assets 2014: -$216,2422014Assets 2015: $817,465Liabilities 2015: $993,697Net Assets 2015: -$176,2322015Assets 2016: $764,981Liabilities 2016: $1,073,756Net Assets 2016: -$308,7752016Assets 2017: $696,902Liabilities 2017: $941,899Net Assets 2017: -$244,9972017Assets 2018: $607,974Liabilities 2018: $900,495Net Assets 2018: -$292,5212018Assets 2019: $604,495Liabilities 2019: $626,398Net Assets 2019: -$21,9032019Assets 2020: $729,741Liabilities 2020: $678,817Net Assets 2020: $50,9242020Assets 2021: $846,350Liabilities 2021: $540,196Net Assets 2021: $306,1542021Assets 2022: $1,097,985Liabilities 2022: $451,716Net Assets 2022: $646,2692022Assets 2023: $1,406,525Liabilities 2023: $409,650Net Assets 2023: $996,8752023Assets 2024: $1,889,036Liabilities 2024: $444,781Net Assets 2024: $1,444,2552024Assets 2025: $2,361,499Liabilities 2025: $316,528Net Assets 2025: $2,044,9712025

Highlighted filing

2016

Assets$764,981
Liabilities$1,073,756
Net Assets-$308,775
Open 2016 Filing

Operations Trend

Revenue Growth17th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,585,083Expenses 2011: $1,853,979Net Income 2011: -$268,8962011Expenses 2012: $1,847,1842012Expenses 2013: $1,775,4482013Revenue 2014: $1,517,549Expenses 2014: $1,610,881Net Income 2014: -$93,3322014Revenue 2015: $1,603,077Expenses 2015: $1,563,067Net Income 2015: $40,0102015Revenue 2016: $1,395,702Expenses 2016: $1,528,245Net Income 2016: -$132,5432016Revenue 2017: $1,515,801Expenses 2017: $1,452,023Net Income 2017: $63,7782017Revenue 2018: $1,272,329Expenses 2018: $1,319,853Net Income 2018: -$47,5242018Revenue 2019: $1,602,270Expenses 2019: $1,331,652Net Income 2019: $270,6182019Revenue 2020: $1,443,456Expenses 2020: $1,370,630Net Income 2020: $72,8262020Revenue 2021: $1,548,750Expenses 2021: $1,293,520Net Income 2021: $255,2302021Revenue 2022: $1,771,050Expenses 2022: $1,429,162Net Income 2022: $341,8882022Revenue 2023: $1,970,077Expenses 2023: $1,620,006Net Income 2023: $350,0712023Revenue 2024: $2,173,551Expenses 2024: $1,728,853Net Income 2024: $444,6982024Revenue 2025: $2,476,776Expenses 2025: $1,856,023Net Income 2025: $620,7532025

Highlighted filing

2016

Revenue$1,395,702
Expenses$1,528,245
Net Income-$132,543
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 10, 2016
Return Version
2015v2.1
Gross Receipts
$1,395,702
Mission and Program Overview

Mission

Lawrence academy exists for the sole purpose of providing students with excellent teachers and coaches so students have the opportunities and challenges to maximize their educational experience.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$568,940$532,205▼ $36,735
Cash and Non-Interest-Bearing Accounts$193,539$187,780▼ $5,759
Accounts Receivable$44,783$24,356▼ $20,427
Savings and Temporary Cash Investments$7,123$9,586▲ $2,463
Intangible Assets$3,080$5,806▲ $2,726
Prepaid Expenses and Deferred Charges-$5,248-
Total Assets$817,465$764,981▼ $52,484
Liabilities
Mortgage Notes Payable Secured by Investment Property$676,747$666,802▼ $9,945
Deferred Revenue$253,688$332,833▲ $79,145
Accounts Payable and Accrued Expenses$63,262$74,121▲ $10,859
Total Liabilities$993,697$1,073,756▲ $80,059
Net Assets / Fund Balance
Temporarily Rstr Net Assets$6,796$29,994▲ $23,198
Unrestricted Net Assets$-183,028$-338,769▼ $155,741
Total Net Assets Fund Balance$-176,232$-308,775▼ $132,543
Total Liabilities and Net Assets / Fund Balance$817,465$764,981▼ $52,484

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$363,987$390,258$754,245
Equipment$67,739$328,380$396,119
Land$82,347-$82,347
Other Land Buildings$18,132$54,175$72,307
Compensation and Service Providers
Top Officer Pay32nd percentile

Board Members and Trustees

NameTitle
Jon PowellChair
Phil SmithVice Chair
Alissa CaleBoard Member
Brad BrownBoard Member
Brad WardBoard Member
Darlene SwannerBoard Member
Jonathan LundyBoard Member
Lyman HarrellBoard Member
Mark OliverBoard Member
Tammy HoltonBoard Member
Dutch RemkesSecretary
Johnathan HuddlestonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$143,018
Program Service Revenue
$1,251,258
Investment Income
$8
Other Revenue
$1,418
All Other Contributions
$46,464
Change in Net Assets
$-132,543
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,032,605
Other Expenses$495,640
Total Fundraising Expense$21,221
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$773,859$171,685-$945,544
All Other Expenses$79,660$37,796$21,221$138,677
Occupancy-$80,990-$80,990
Payroll Taxes$62,032$13,590-$75,622
Depreciation Depletion$38,619$3,847-$42,466
Insurance-$34,257-$34,257
Interest-$24,449-$24,449
Office Expenses-$23,044-$23,044
Information Technology-$18,301-$18,301
Other Expenses$14,385$28,053-$14,385
Other Employee Benefits$7,282--$7,282
Fees for Services Accounting-$5,750-$5,750
Pension Plan Contributions-$4,157-$4,157
Advertising-$44-$44
Total Functional Expenses$1,061,061$445,963$21,221$1,528,245
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Merchandise Sal$96,554---
Total Events$96,554---
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
Yes
Annual disclosure for covered persons
Yes
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
Yes
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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Bertie Educational Foundation Inc
EIN
56-0905835
Address
PO BOX 70, MERRY HILL, NC 27957-0070
Doing Business As
Lawrence Academy

Signing Officer

Name
Kathryn Perry
Title
Finance Director
Phone
2524824748
Signed
2016-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jon Powell
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
47

Preparer

Firm
Donna H Winborne CPA Pc
Address
PO BOX 1387, ELIZABETH CITY, NC 27906
Preparer
Donna H Winborne
Phone
2523388021
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt1103502
IRS990/ProgramServiceRevenueGrp/ExclusionAmt245631
IRS990/ProgramServiceRevenueGrp/ExclusionAmt329610
IRS990/ProgramServiceRevenueGrp/ExclusionAmt424168
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0933518
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1103502
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt245631
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt329610
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt424168
IRS990/ProgSrvcAccomActy2Grp/Desc0STUDENT ACTIVITIES SUCH AS ATHLETICS, CHEERLEADING, BETA CLUB, STUDENT COUNCIL, YEARBOOK, PTO, LIBRARY, TRIPS, ETC.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0127644
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0150173
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03
IRS990/PYOtherExpensesAmt0489207
IRS990/PYOtherRevenueAmt01600
IRS990/PYProgramServiceRevenueAmt01451301
IRS990/PYRevenuesLessExpensesAmt040010
IRS990/PYSalariesCompEmpBnftPaidAmt01073860
IRS990/PYTotalExpensesAmt01563067
IRS990/PYTotalRevenueAmt01603077
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-132543
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07123
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09586
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0363987
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0390258
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0754245
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt067739
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0328380
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0396119
IRS990ScheduleD/LandGrp/BookValueAmt082347
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt082347
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt018132
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt054175
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt072307
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0532205
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/ExplanationTxt0ADVERTISED IN SEVERAL LOCAL NEWSPAPERS
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt096554
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt096554
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0MERCHANDISE SAL
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt096554
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt096554
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
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/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt06796
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt029994
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0817465
IRS990/TotalAssetsEOYAmt0764981
IRS990/TotalAssetsGrp/BOYAmt0817465
IRS990/TotalAssetsGrp/EOYAmt0764981
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0143018
IRS990/TotalEmployeeCnt047
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt021221
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0445963
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01061061
IRS990/TotalFunctionalExpensesGrp/TotalAmt01528245
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0993697
IRS990/TotalLiabilitiesEOYAmt01073756
IRS990/TotalLiabilitiesGrp/BOYAmt0993697
IRS990/TotalLiabilitiesGrp/EOYAmt01073756
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-176232
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-308775
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt0114829
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0114829
IRS990/TotalProgramServiceExpensesAmt01061061
IRS990/TotalProgramServiceRevenueAmt01251258
IRS990/TotalRevenueGrp/ExclusionAmt01252684
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01395702
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0817465
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0764981
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-183028
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-338769
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.LAWRENCEACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHRYN PERRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FINANCE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02524824748
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BERTIE EDUCATIONAL FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BERT
ReturnHeader/Filer/EIN0560905835
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 70
ReturnHeader/Filer/USAddress/CityNm0MERRY HILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0279570070
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541430243
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DONNA H WINBORNE CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1387
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ELIZABETH CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$764,981
Liabilities
$1,073,756
Net assets
-$308,775
Revenue
$1,395,702
Expenses
$1,528,245
Net income
-$132,543
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.36$0.32$2.04$2.48$1.86$0.62
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$0.44$1.44$2.17$1.73$0.44
2023Detailed filing. Detailed filing data is available for this year.$1.41$0.41$1.00$1.97$1.62$0.35
2022Detailed filing. Detailed filing data is available for this year.$1.10$0.45$0.65$1.77$1.43$0.34
2021Detailed filing. Detailed filing data is available for this year.$0.85$0.54$0.31$1.55$1.29$0.26
2020Detailed filing. Detailed filing data is available for this year.$0.73$0.68$0.05$1.44$1.37$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.60$0.63$0.02$1.60$1.33$0.27
2018Detailed filing. Detailed filing data is available for this year.$0.61$0.90$0.29$1.27$1.32$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.70$0.94$0.24$1.52$1.45$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.76$1.07$0.31$1.40$1.53$0.13
2015Detailed filing. Detailed filing data is available for this year.$0.82$0.99$0.18$1.60$1.56$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.74$0.95$0.22$1.52$1.61$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.88$0.12$1.78
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.84$0.03$1.85
2011Summary only. Only limited summary data is available for this year.$0.80$0.75$0.05$1.59$1.85$0.27