Civic Intelligence

Pungo Christian Academy Inc.

990 • Fiscal year 2020 • EIN 56-0906348

Jun 01, 2019 to May 31, 2020 • Filed on Sep 24, 2020

Organization ProfileWWW.PUNGOCHRISTIANACADEMY.COM
983 West Main StreetBelhaven, NC 27810

(252) 943-2678

Siviq Scores

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

Liabilities / Assets

90th percentile

0.92x

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

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

Liabilities / Revenue

72nd percentile

0.34x

Higher debt load relative to revenue than 72% of similar nonprofits.

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

Net Margin

72nd percentile

16%

Higher net margin than 72% 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

46th percentile

5.6%

Faster asset growth than 46% of similar nonprofits.

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

Revenue Growth

67th percentile

8.1%

Faster revenue growth than 67% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$516,218

Up $27,496 (+5.6%) from 2019

Net Assets

Up

$43,305

Up $225,317 (+124%) from 2019

Liabilities

Down

$472,913

Down $197,821 (-29%) from 2019

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin72nd percentile

Revenue

Up

$1,376,952

Up $103,359 (+8.1%) from 2019

Expenses

Down

$1,151,635

Down $27,604 (-2.3%) from 2019

Net Income

Up

$225,317

Up $130,963 (+139%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $171,691Liabilities 2011: $390,967Net Assets 2011: -$219,2762011Assets 2012: $130,378Liabilities 2012: $379,270Net Assets 2012: -$248,8922012Assets 2013: $151,091Liabilities 2013: $402,843Net Assets 2013: -$251,7522013Assets 2014: $128,639Liabilities 2014: $439,696Net Assets 2014: -$311,0572014Assets 2015: $143,419Liabilities 2015: $486,195Net Assets 2015: -$342,7762015Assets 2016: $158,270Liabilities 2016: $464,754Net Assets 2016: -$306,4842016Assets 2017: $176,291Liabilities 2017: $467,294Net Assets 2017: -$291,0032017Assets 2018: $252,399Liabilities 2018: $566,318Net Assets 2018: -$313,9192018Assets 2019: $488,722Liabilities 2019: $670,734Net Assets 2019: -$182,0122019Assets 2020: $516,218Liabilities 2020: $472,913Net Assets 2020: $43,3052020Assets 2021: $622,746Liabilities 2021: $415,588Net Assets 2021: $207,1582021Assets 2022: $847,692Liabilities 2022: $526,672Net Assets 2022: $321,0202022Assets 2023: $1,123,860Liabilities 2023: $594,800Net Assets 2023: $529,0602023Assets 2024: $976,018Liabilities 2024: $403,534Net Assets 2024: $572,4842024Assets 2025: $1,273,308Liabilities 2025: $324,326Net Assets 2025: $948,9822025

Highlighted filing

2020

Assets$516,218
Liabilities$472,913
Net Assets$43,305
Open 2020 Filing

Operations Trend

Revenue Growth67th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $850,385Expenses 2011: $778,787Net Income 2011: $71,5982011Revenue 2012: $863,642Expenses 2012: $854,938Net Income 2012: $8,7042012Expenses 2013: $889,3062013Revenue 2014: $947,745Expenses 2014: $910,110Net Income 2014: $37,6352014Revenue 2015: $937,300Expenses 2015: $956,514Net Income 2015: -$19,2142015Revenue 2016: $1,009,950Expenses 2016: $973,658Net Income 2016: $36,2922016Revenue 2017: $1,085,684Expenses 2017: $1,070,203Net Income 2017: $15,4812017Revenue 2018: $1,112,295Expenses 2018: $1,135,211Net Income 2018: -$22,9162018Revenue 2019: $1,273,593Expenses 2019: $1,179,239Net Income 2019: $94,3542019Revenue 2020: $1,376,952Expenses 2020: $1,151,635Net Income 2020: $225,3172020Revenue 2021: $1,411,329Expenses 2021: $1,247,476Net Income 2021: $163,8532021Revenue 2022: $1,566,050Expenses 2022: $1,452,188Net Income 2022: $113,8622022Revenue 2023: $1,977,699Expenses 2023: $1,769,659Net Income 2023: $208,0402023Revenue 2024: $1,839,435Expenses 2024: $1,796,011Net Income 2024: $43,4242024Revenue 2025: $2,259,448Expenses 2025: $1,882,950Net Income 2025: $376,4982025

Highlighted filing

2020

Revenue$1,376,952
Expenses$1,151,635
Net Income$225,317
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Sep 24, 2020
Return Version
2019v5.1
Gross Receipts
$1,417,560
Mission and Program Overview

Mission

Private school offering elementary and high school educational opportunities to all persons without regard to race, creed, or color.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$214,461$358,071▲ $143,610
Cash and Non-Interest-Bearing Accounts$206,727$102,871▼ $103,856
Rtn Earn Endowment Incm Other Fnds$-182,012$43,305▲ $225,317
Accounts Receivable$39,798$26,336▼ $13,462
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$488,722$516,218▲ $27,496
Other Assets Total$27,736$28,940▲ $1,204
Liabilities
Mortgage Notes Payable Secured by Investment Property$191,556$227,825▲ $36,269
Accounts Payable and Accrued Expenses$250,011$217,547▼ $32,464
Deferred Revenue$189,167$15,041▼ $174,126
Unsecured Notes Loans Payable$40,000$12,500▼ $27,500
Total Liabilities$670,734$472,913▼ $197,821
Net Assets / Fund Balance
Total Net Assets Fund Balance$-182,012$43,305▲ $225,317
Total Liabilities and Net Assets / Fund Balance$488,722$516,218▲ $27,496

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$267,477$325,325$592,802
Buildings$0$290,824$290,824
Land$71,349-$71,349
Other Land Buildings$19,245$8,545$27,790
Other Assets Org$4,433--
Compensation and Service Providers
Top Officer Pay33rd percentile

Board Members and Trustees

NameTitle
Michael CutlerChairman
Stuart RicksVice Chairman
Chad StoopBoard Member
Charles TooleyBoard Member
Darren K ArmstrongBoard Member
Jimmy WalkerBoard Member
Julie HodgesBoard Member
Sandra WarrenBoard Member
Bethany PughSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$331,089
Program Service Revenue
$972,134
Investment Income
$2,000
Other Revenue
$71,729
All Other Contributions
$21,800
Change in Net Assets
$225,317
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$709,667
Other Expenses$441,968
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$659,263--$659,263
Depreciation Depletion$98,806--$98,806
Insurance-$85,807-$85,807
All Other Expenses$28,603$49,041-$77,644
Payroll Taxes$49,636--$49,636
Other Expenses$35,659$35,955-$35,659
Interest-$9,566-$9,566
Fees for Services Accounting-$2,975-$2,975
Office Expenses-$1,202-$1,202
Advertising$1,038--$1,038
Other Employee Benefits$768--$768
Fees for Services Legal-$340-$340
Total Functional Expenses$966,749$184,886$0$1,151,635
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$86,184
Fundraising Direct Expenses$14,455
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Festival$57,605$57,605$2,017$55,588
Bbq Sales$23,518$23,518$7,719$15,799
Total Events$86,184$86,184$14,455$71,729
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
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
No
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 18

“No documents are made available to the public.”

Form 990, Part VI, Section C, Line 19

“No documents are made available to the public.”

Filing and Contact Details

Filer

Filer Name
Pungo Christian Academy
EIN
56-0906348
Phone
2529432678
Address
983 WEST MAIN STREET, BELHAVEN, NC 27810

Signing Officer

Name
Michael R Cutler
Title
Chairman
Phone
2529432678
Signed
2020-09-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael R Cutler
Formed
1968
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
40
Volunteers
0

Preparer

Firm
Jeff Best CPA Pllc
Address
PO BOX 399, BELHAVEN, NC 27810
Preparer
Jeffery Best
Phone
2529432723
Raw XML AppendixShowing 400 of 418 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/PYContributionsGrantsAmt0126314
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0468561
IRS990/PYOtherRevenueAmt074864
IRS990/PYProgramServiceRevenueAmt01072415
IRS990/PYRevenuesLessExpensesAmt094354
IRS990/PYSalariesCompEmpBnftPaidAmt0710678
IRS990/PYTotalExpensesAmt01179239
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01273593
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0225317
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01000287
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-182012
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt043305
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0290824
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0290824
IRS990ScheduleD/EquipmentGrp/BookValueAmt0267477
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0325325
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0592802
IRS990ScheduleD/LandGrp/BookValueAmt071349
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt071349
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt022893
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11614
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt24433
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SALES TAX REFUNDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SCRIP ACCOUNT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2UNDEPOSITED FUNDS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt019245
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08545
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt027790
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0358071
IRS990ScheduleD/TotalBookValueOtherAssetsAmt028940
IRS990ScheduleG/AgrmtProfFundraisingActyInd00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt014455
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FALL FESTIVAL
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BBQ SALES
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt057605
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt023518
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt05061
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt086184
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt057605
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt023518
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt05061
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt086184
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt071729
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt04719
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt014455
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02017
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt07719
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleG/LicensedStatesCd0NC
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0488722
IRS990/TotalAssetsEOYAmt0516218
IRS990/TotalAssetsGrp/BOYAmt0488722
IRS990/TotalAssetsGrp/EOYAmt0516218
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0331089
IRS990/TotalEmployeeCnt040
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0184886
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0966749
IRS990/TotalFunctionalExpensesGrp/TotalAmt01151635
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0670734
IRS990/TotalLiabilitiesEOYAmt0472913
IRS990/TotalLiabilitiesGrp/BOYAmt0670734
IRS990/TotalLiabilitiesGrp/EOYAmt0472913
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-182012
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt043305
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt035135
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt035135
IRS990/TotalProgramServiceExpensesAmt0966749
IRS990/TotalProgramServiceRevenueAmt0972134
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt071729
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0974134
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01376952
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0488722
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0516218
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt040000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt012500
IRS990/USAddress/AddressLine1Txt02511 WINDLEY CANAL RD
IRS990/USAddress/CityNm0PANTEGO
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027860
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.PUNGOCHRISTIANACADEMY.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL R CUTLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02529432678
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PUNGO CHRISTIAN ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0PUNG
ReturnHeader/Filer/EIN0560906348
ReturnHeader/Filer/PhoneNum02529432678
ReturnHeader/Filer/USAddress/AddressLine1Txt0983 WEST MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0BELHAVEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05BF8E659438DF4987028C38A5D2BF918A80434F2
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$516,218
Liabilities
$472,913
Net assets
$43,305
Revenue
$1,376,952
Expenses
$1,151,635
Net income
$225,317
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.32$0.95$2.26$1.88$0.38
2024Detailed filing. Detailed filing data is available for this year.$0.98$0.40$0.57$1.84$1.80$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.12$0.59$0.53$1.98$1.77$0.21
2022Detailed filing. Detailed filing data is available for this year.$0.85$0.53$0.32$1.57$1.45$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.62$0.42$0.21$1.41$1.25$0.16
2020Detailed filing. Detailed filing data is available for this year.$0.52$0.47$0.04$1.38$1.15$0.23
2019Detailed filing. Detailed filing data is available for this year.$0.49$0.67$0.18$1.27$1.18$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.25$0.57$0.31$1.11$1.14$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.18$0.47$0.29$1.09$1.07$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.16$0.46$0.31$1.01$0.97$0.04
2015Summary only. Only limited summary data is available for this year.$0.14$0.49$0.34$0.94$0.96$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.13$0.44$0.31$0.95$0.91$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.40$0.25$0.89
2012Summary only. Only limited summary data is available for this year.$0.13$0.38$0.25$0.86$0.85$0.01
2011Summary only. Only limited summary data is available for this year.$0.17$0.39$0.22$0.85$0.78$0.07