Civic Intelligence

Bertie Educational Foundation Inc.

990 • Fiscal year 2024 • EIN 56-0905835

Jul 01, 2023 to Jun 30, 2024 • Filed on Sep 25, 2025

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

65th percentile

0.24x

Higher debt load relative to assets than 65% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.20x

Higher debt load relative to revenue than 67% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Net Margin

74th percentile

20%

Higher net margin than 74% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Asset Growth

84th percentile

34%

Faster asset growth than 84% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

53rd percentile

10%

Faster revenue growth than 53% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$1,889,036

Up $482,511 (+34%) from 2023

Net Assets

Up

$1,444,255

Up $447,380 (+45%) from 2023

Liabilities

Up

$444,781

Up $35,131 (+8.6%) from 2023

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin74th percentile

Revenue

Up

$2,173,551

Up $203,474 (+10%) from 2023

Expenses

Up

$1,728,853

Up $108,847 (+6.7%) from 2023

Net Income

Up

$444,698

Up $94,627 (+27%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth84th 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

2024

Assets$1,889,036
Liabilities$444,781
Net Assets$1,444,255
Open 2024 Filing

Operations Trend

Revenue Growth53rd 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

2024

Revenue$2,173,551
Expenses$1,728,853
Net Income$444,698
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 25, 2025
Return Version
2023v6.0
Gross Receipts
$2,173,551
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
Cash and Non-Interest-Bearing Accounts$462,874$913,223▲ $450,349
Land, Buildings, and Equipment, Net$508,668$545,680▲ $37,012
Savings and Temporary Cash Investments$418,251$418,925▲ $674
Accounts Receivable$14,958$10,144▼ $4,814
Intangible Assets$1,774$1,064▼ $710
Total Assets$1,406,525$1,889,036▲ $482,511
Liabilities
Mortgage Notes Payable Secured by Investment Property$282,131$249,707▼ $32,424
Deferred Revenue$118,258$190,745▲ $72,487
Accounts Payable and Accrued Expenses$9,261$4,329▼ $4,932
Total Liabilities$409,650$444,781▲ $35,131
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$996,875$1,444,255▲ $447,380
Total Net Assets Fund Balance$996,875$1,444,255▲ $447,380
Total Liabilities and Net Assets / Fund Balance$1,406,525$1,889,036▲ $482,511

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$262,261$540,945$803,206
Equipment$201,072$410,081$611,153
Other Land Buildings$0$83,503$83,503
Land$82,347-$82,347
Compensation and Service Providers
Top Officer Pay38th percentile

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
$202,718
Program Service Revenue
$1,970,159
Investment Income
$674
Other Revenue
$0
All Other Contributions
$46,360
Change in Net Assets
$444,698
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,061,610
Other Expenses$667,243
Total Fundraising Expense$61,966
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$798,857$178,416-$977,273
Occupancy-$186,456-$186,456
Payroll Taxes$75,361--$75,361
Other Expenses$71,243-$61,966$61,966
Depreciation Depletion$52,111$710-$52,821
All Other Expenses$25,669$13,266-$38,935
Insurance-$31,953-$31,953
Office Expenses-$24,276-$24,276
Other Employee Benefits$8,646--$8,646
Information Technology-$8,472-$8,472
Interest-$7,258-$7,258
Fees for Services Accounting-$7,186-$7,186
Pension Plan Contributions-$330-$330
Total Functional Expenses$1,208,564$458,323$61,966$1,728,853
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

“Form 990 was reviewed by the governing board.”

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
2025-09-25
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
0
Volunteers
0

Preparer

Firm
Cumbee & Taylor 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

“School Clubs: Program service expenses 20,631. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,631. Miscellaneous: Program service expenses 5,038. Management and general expenses 8,297. Fundraising expenses 0. Total expenses 13,335. Teacher Appreciation: Program service expenses 0. Management and general expenses 4,969. Fundraising expenses 0. Total expenses 4,969.”

Form 990, Part XI, line 9:

“Prior Period Adjustment 2,682.”

Raw XML AppendixShowing 400 of 415 raw XML fields

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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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01444734
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1135188
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2132378
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt379670
IRS990/ProgSrvcAccomActy2Grp/Desc0Student activities such as athletics, cheerleading, Beta Club, student council, yearbook, PTO, library, trips, etc.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0189479
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0389
IRS990/PYOtherExpensesAmt0768411
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01780209
IRS990/PYRevenuesLessExpensesAmt0350071
IRS990/PYSalariesCompEmpBnftPaidAmt0851595
IRS990/PYTotalExpensesAmt01620006
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01970077
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0444698
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01444734
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0418251
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0418925
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0262261
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0540945
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0803206
IRS990ScheduleD/EquipmentGrp/BookValueAmt0201072
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0410081
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0611153
IRS990ScheduleD/LandGrp/BookValueAmt082347
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt082347
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt083503
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt083503
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0545680
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/ExplanationTxt0Form 990 was reviewed by the governing board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2School Clubs: Program service expenses 20,631. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,631. Miscellaneous: Program service expenses 5,038. Management and general expenses 8,297. Fundraising expenses 0. Total expenses 13,335. Teacher Appreciation: Program service expenses 0. Management and general expenses 4,969. Fundraising expenses 0. Total expenses 4,969.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Prior Period Adjustment 2,682.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, line 9:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01406525
IRS990/TotalAssetsEOYAmt01889036
IRS990/TotalAssetsGrp/BOYAmt01406525
IRS990/TotalAssetsGrp/EOYAmt01889036
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0202718
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt061966
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0458323
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01208564
IRS990/TotalFunctionalExpensesGrp/TotalAmt01728853
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0409650
IRS990/TotalLiabilitiesEOYAmt0444781
IRS990/TotalLiabilitiesGrp/BOYAmt0409650
IRS990/TotalLiabilitiesGrp/EOYAmt0444781
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0996875
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01444255
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt0178189
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0178189
IRS990/TotalProgramServiceExpensesAmt01208564
IRS990/TotalProgramServiceRevenueAmt01970159
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01970833
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02173551
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01406525
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01889036
IRS990/TotReportableCompRltdOrgAmt00
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/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Jon Powell
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02524824748
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Bertie Educational Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0BERT
ReturnHeader/Filer/EIN0560905835
ReturnHeader/Filer/PhoneNum02524824748
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 70
ReturnHeader/Filer/USAddress/CityNm0Merry Hill
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0279570070

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,889,036
Liabilities
$444,781
Net assets
$1,444,255
Revenue
$2,173,551
Expenses
$1,728,853
Net income
$444,698
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