Civic Intelligence

Bertie Educational Foundation Inc.

990 • Fiscal year 2020 • EIN 56-0905835

Jul 01, 2019 to Jun 30, 2020 • Filed on May 14, 2021

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

90th percentile

0.93x

Higher debt load relative to assets than 90% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

79th percentile

0.47x

Higher debt load relative to revenue than 79% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Net Margin

51st percentile

5.0%

Higher net margin than 51% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

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

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Asset Growth

68th percentile

21%

Faster asset growth than 68% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

32nd percentile

-9.9%

Faster revenue growth than 32% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$729,741

Up $125,246 (+21%) from 2019

Net Assets

Up

$50,924

Up $72,827 (+332%) from 2019

Liabilities

Up

$678,817

Up $52,419 (+8.4%) from 2019

Revenue

Down

$1,443,456

Down $158,814 (-9.9%) from 2019

Expenses

Up

$1,370,630

Up $38,978 (+2.9%) from 2019

Net Income

Down

$72,826

Down $197,792 (-73%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$729,741
Liabilities$678,817
Net Assets$50,924

Operations Trend

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

2020

Revenue$1,443,456
Expenses$1,370,630
Net Income$72,826
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 14, 2021
Return Version
2019v5.2
Gross Receipts
$1,443,456
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$513,957$483,791▼ $30,166
Savings and Temporary Cash Investments$20,825$148,990▲ $128,165
Cash and Non-Interest-Bearing Accounts$14,589$82,628▲ $68,039
Accounts Receivable$53,262$13,785▼ $39,477
Intangible Assets$1,862$547▼ $1,315
Total Assets$604,495$729,741▲ $125,246
Liabilities
Mortgage Notes Payable Secured by Investment Property$418,804$443,026▲ $24,222
Deferred Revenue$192,983$225,735▲ $32,752
Accounts Payable and Accrued Expenses$14,611$10,056▼ $4,555
Total Liabilities$626,398$678,817▲ $52,419
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-21,903$50,924▲ $72,827
Total Net Assets Fund Balance$-21,903$50,924▲ $72,827
Total Liabilities and Net Assets / Fund Balance$604,495$729,741▲ $125,246

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$314,929$464,314$779,243
Equipment$86,509$338,434$424,943
Other Land Buildings$6$83,497$83,503
Land$82,347-$82,347
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jon PowellChair
Jonathan HuddlestonVice Chair
Amy WillifordBoard Member
Brad BrownBoard Member
Jonathan LundyBoard Member
Kerna ReynoldsBoard Member
Lyman HarrellBoard Member
Steve McDonaldBoard Member
Alissa CaleSecretary
Lloyd JonesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$90,291
Program Service Revenue
$1,353,089
Investment Income
$76
Other Revenue
$0
All Other Contributions
$46,262
Change in Net Assets
$72,826
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$885,477
Other Expenses$485,153
Total Fundraising Expense$13,640
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$711,994$102,055-$814,049
Occupancy-$106,175-$106,175
All Other Expenses$33,800$35,993$13,640$83,433
Payroll Taxes$58,220$8,345-$66,565
Depreciation Depletion$30,166$1,315-$31,481
Other Expenses$30,221--$30,221
Insurance-$26,100-$26,100
Office Expenses-$26,043-$26,043
Interest-$13,707-$13,707
Information Technology-$5,877-$5,877
Other Employee Benefits$3,952--$3,952
Fees for Services Accounting-$3,123-$3,123
Pension Plan Contributions-$911-$911
Travel-$750-$750
Advertising-$139-$139
Total Functional Expenses$1,026,457$330,533$13,640$1,370,630
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
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
Annual disclosure for covered persons
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
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, Part VI, Section B, line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Bertie Educational Foundation Inc
EIN
56-0905835
Phone
2524824748
Address
PO Box 70, Merry Hill, NC 27957-0070
Doing Business As
Lawrence Academy

Signing Officer

Name
Jon Powell
Title
President
Phone
2524824748
Signed
2021-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jon Powell
Formed
1968
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
57
Volunteers
0

Preparer

Firm
Cumbee Taylor & Shook PA
Address
PO Box 869, Williamston, NC 27892
Preparer
Delmas B Cumbee Jr CPA
Phone
2527926081
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 24E

Grounds Coordinator : Program service expenses 0. Management and general expenses 26,400. Fundraising expenses 0. Total expenses 26,400. Officials : Program service expenses 18,476. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,476. Other expenses-Fndrsng-990 : Program service expenses 0. Management and general expenses 0. Fundraising expenses 13,640. Total expenses 13,640. Yearbook Expenses : Program service expenses 7,747. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,747. Miscellaneous : Program service expenses 0. Management and general expenses 6,080. Fundraising expenses 0. Total expenses 6,080. School Clubs : Program service expenses 5,420. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,420. Teacher Appreciation : Program service expenses 0. Management and general expenses 2,493. Fundraising expenses 0. Total expenses 2,493. Miscellaneous : Program service expenses 2,157. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,157. Bank charges : Program service expenses 0. Management and general expenses 1,020. Fundraising expenses 0. Total expenses 1,020.

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IRS990/ProgramServiceRevenueGrp/Desc2Lunchroom Income
IRS990/ProgramServiceRevenueGrp/Desc3Enrollment Income
IRS990/ProgramServiceRevenueGrp/Desc4Finance Charges
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0993698
IRS990/ProgramServiceRevenueGrp/ExclusionAmt183160
IRS990/ProgramServiceRevenueGrp/ExclusionAmt280541
IRS990/ProgramServiceRevenueGrp/ExclusionAmt361588
IRS990/ProgramServiceRevenueGrp/ExclusionAmt415
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0993698
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt183160
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt280541
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt361588
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt415
IRS990/ProgSrvcAccomActy2Grp/Desc0Student activities such as athletics, cheerleading, Beta Club, student council, yearbook, PTO, library, trips, etc.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt073599
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0136190
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt034
IRS990/PYOtherExpensesAmt0488177
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01466046
IRS990/PYRevenuesLessExpensesAmt0270618
IRS990/PYSalariesCompEmpBnftPaidAmt0843475
IRS990/PYTotalExpensesAmt01331652
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01602270
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt072826
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt020825
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0148990
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0314929
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0464314
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0779243
IRS990ScheduleD/EquipmentGrp/BookValueAmt086509
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0338434
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0424943
IRS990ScheduleD/LandGrp/BookValueAmt082347
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt082347
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt083497
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt083503
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0483791
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Advertised in several local newspapers.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Grounds Coordinator : Program service expenses 0. Management and general expenses 26,400. Fundraising expenses 0. Total expenses 26,400. Officials : Program service expenses 18,476. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,476. Other expenses-Fndrsng-990 : Program service expenses 0. Management and general expenses 0. Fundraising expenses 13,640. Total expenses 13,640. Yearbook Expenses : Program service expenses 7,747. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,747. Miscellaneous : Program service expenses 0. Management and general expenses 6,080. Fundraising expenses 0. Total expenses 6,080. School Clubs : Program service expenses 5,420. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,420. Teacher Appreciation : Program service expenses 0. Management and general expenses 2,493. Fundraising expenses 0. Total expenses 2,493. Miscellaneous : Program service expenses 2,157. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,157. Bank charges : Program service expenses 0. Management and general expenses 1,020. Fundraising expenses 0. Total expenses 1,020.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, line 24e
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0604495
IRS990/TotalAssetsEOYAmt0729741
IRS990/TotalAssetsGrp/BOYAmt0604495
IRS990/TotalAssetsGrp/EOYAmt0729741
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt090291
IRS990/TotalEmployeeCnt057
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013640
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0330533
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01026457
IRS990/TotalFunctionalExpensesGrp/TotalAmt01370630
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0626398
IRS990/TotalLiabilitiesEOYAmt0678817
IRS990/TotalLiabilitiesGrp/BOYAmt0626398
IRS990/TotalLiabilitiesGrp/EOYAmt0678817
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-21903
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt050924
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt0134087
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0134087
IRS990/TotalProgramServiceExpensesAmt01026457
IRS990/TotalProgramServiceRevenueAmt01353089
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01353165
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01443456
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0604495
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0729741
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0750
IRS990/TravelGrp/TotalAmt0750
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 70
IRS990/USAddress/CityNm0Merry Hill
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027957
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.lawrenceacademy.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Jon Powell
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02524824748
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-14

Document Assets

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Filings

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