Civic Intelligence

Hobgood Academy Inc

EIN 56-0940857 • 501(c)3 • Hobgood, NC

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Profile

EDUCATIONAL INSTITUTION

201 S Beech StHobgood, NC 27843

www.hobgoodacademy.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.69x

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

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

76th percentile

0.04x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

31st percentile

-9.2%

Higher net margin than 31% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

15th percentile

-62%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

44th percentile

-5.9%

Faster revenue growth than 44% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$10,071

Down $16,140 (-62%) from 2024

Liabilities

Up

$6,999

Up $282 (+4.2%) from 2024

Net Assets

Down

$3,072

Down $16,422 (-84%) from 2024

Operations
Liabilities / Revenue76th percentileNet Margin31st percentile

Revenue

Down

$178,634

Down $11,300 (-5.9%) from 2024

Expenses

Down

$195,056

Down $21,537 (-9.9%) from 2024

Net Income

Up

-$16,422

Up $10,237 (+38%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth15th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0-$500KAssets 2010: $894,105Liabilities 2010: $114,087Net Assets 2010: $780,0182010Assets 2011: $866,829Liabilities 2011: $113,614Net Assets 2011: $753,2152011Assets 2012: $837,759Liabilities 2012: $98,166Net Assets 2012: $739,5932012Assets 2013: $698,685Liabilities 2013: $86,729Net Assets 2013: $611,9562013Assets 2014: $465,049Liabilities 2014: $65,117Net Assets 2014: $399,9322014Assets 2015: $541,771Liabilities 2015: $264,679Net Assets 2015: $277,0922015Assets 2016: $470,226Liabilities 2016: $495,869Net Assets 2016: -$25,6432016Assets 2017: $740,037Liabilities 2017: $1,045,879Net Assets 2017: -$305,8422017Assets 2018: $453,275Liabilities 2018: $69,391Net Assets 2018: $383,8842018Assets 2019: $304,243Liabilities 2019: $55,921Net Assets 2019: $248,3222019Assets 2020: $223,107Liabilities 2020: $47,417Net Assets 2020: $175,6902020Assets 2021: $166,839Liabilities 2021: $12,642Net Assets 2021: $154,1972021Assets 2022: $166,151Liabilities 2022: $13,517Net Assets 2022: $152,6342022Assets 2023: $59,669Liabilities 2023: $13,516Net Assets 2023: $46,1532023Assets 2024: $26,211Liabilities 2024: $6,717Net Assets 2024: $19,4942024Assets 2025: $10,071Liabilities 2025: $6,999Net Assets 2025: $3,0722025

Highlighted filing

2025

Assets$10,071
Liabilities$6,999
Net Assets$3,072
Open 2025 Filing

Operations Trend

Revenue Growth44th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,018,2312010Expenses 2011: $1,028,0612011Expenses 2012: $996,9592012Expenses 2013: $875,3002013Revenue 2014: $673,012Expenses 2014: $885,036Net Income 2014: -$212,0242014Revenue 2015: $550,741Expenses 2015: $673,581Net Income 2015: -$122,8402015Revenue 2016: $481,834Expenses 2016: $784,569Net Income 2016: -$302,7352016Revenue 2017: $413,320Expenses 2017: $693,519Net Income 2017: -$280,1992017Revenue 2018: $1,275,366Expenses 2018: $585,640Net Income 2018: $689,7262018Revenue 2019: $499,630Expenses 2019: $635,192Net Income 2019: -$135,5622019Revenue 2020: $175,519Expenses 2020: $248,151Net Income 2020: -$72,6322020Revenue 2021: $191,829Expenses 2021: $213,322Net Income 2021: -$21,4932021Revenue 2022: $217,452Expenses 2022: $219,015Net Income 2022: -$1,5632022Revenue 2023: $172,654Expenses 2023: $279,135Net Income 2023: -$106,4812023Revenue 2024: $189,934Expenses 2024: $216,593Net Income 2024: -$26,6592024Revenue 2025: $178,634Expenses 2025: $195,056Net Income 2025: -$16,4222025

Highlighted filing

2025

Revenue$178,634
Expenses$195,056
Net Income-$16,422
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,071
Liabilities
$6,999
Net assets
$3,072
Revenue
$178,634
Expenses
$195,056
Net income
-$16,422
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.00$0.18$0.20$0.02
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.01$0.02$0.19$0.22$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.06$0.01$0.05$0.17$0.28$0.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.17$0.01$0.15$0.22$0.22$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.17$0.01$0.15$0.19$0.21$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.05$0.18$0.18$0.25$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.30$0.06$0.25$0.50$0.64$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.07$0.38$1.28$0.59$0.69
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$1.05$0.31$0.41$0.69$0.28
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.50$0.03$0.48$0.78$0.30
2015Detailed filing. Detailed filing data is available for this year.$0.54$0.26$0.28$0.55$0.67$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.47$0.07$0.40$0.67$0.89$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.09$0.61$0.88
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.10$0.74$1.00
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.11$0.75$1.03
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.11$0.78$1.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jul 16, 2025
Return Version
2024v5.0
Gross Receipts
$178,634
Mission and Program Overview

Mission

EDUCATIONAL INSTITUTION

Program Services

DescriptionGrantsExpenses
PRIVATE SCHOOL PROVIDING EDUCATION TO STUDENTS IN A RACIALLY NONDISCRIMINATORY MANNER-$187,619
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOEY COTTENDirector-$0--
RENIKA BRYANTDirector-$0--
KATELYN EDMONDSONDirector-$0--
REBECCA WILLIAMSDirector-$0--
Filing and Contact Details

Filer

Filer Name
Hobgood Academy Inc
EIN
56-0940857
Phone
2528264116
Address
201 S BEECH ST, HOBGOOD, NC 27843

Signing Officer

Name
Kelly Craft
Title
Office Manager
Phone
2528264116
Signed
2025-07-16
Discuss with paid preparer
Yes

Preparer

Firm
Pate Horton & Ess Pa
Address
PO BOX 787, NASHVILLE, NC 27856
Preparer
David a Ess
Phone
2524593186
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses 8,310 supplies 8,159 postage 72 technology 1,610 total 18,151”

Form 990-ez, Part II, Line 24

“Accounts receivable 676 531 property & equipment 0 0 total 676 531”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 6,717 6,999”

Raw XML Appendix137 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0KELLY CRAFT
IRS990EZ/BooksInCareOfDetail/PhoneNum02528264116
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0201 SOUTH BEECH STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HOBGOOD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027843
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt025535
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt09540
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt010949
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-16422
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01001
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt026211
IRS990EZ/Form990TotalAssetsGrp/EOYAmt010071
IRS990EZ/GrossReceiptsAmt0178634
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt06
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt019494
IRS990EZ/NetAssetsOrFundBalancesEOYAmt03072
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt019494
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt03072
IRS990EZ/OccupancyRentUtltsAndMaintAmt013404
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOEY COTTEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1RENIKA BRYANT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2KATELYN EDMONDSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3REBECCA WILLIAMS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0676
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0531
IRS990EZ/OtherExpensesTotalAmt018151
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0EDUCATIONAL INSTITUTION
IRS990EZ/ProgramServiceRevenueAmt0167679
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PRIVATE SCHOOL PROVIDING EDUCATION TO STUDENTS IN A RACIALLY NONDISCRIMINATORY MANNER
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0187619
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt0162500
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0true
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt06717
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt06999
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0195056
IRS990EZ/TotalProgramServiceExpensesAmt0187619
IRS990EZ/TotalRevenueAmt0178634
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.HOBGOODACADEMY.COM
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0true
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0SOLICITATION OF STUDENTS OF ANY RACE, CREED OR COLOR IS PUBLICIZED IN THE LOCAL NEWSPAPERS DURING MAY OF EACH YEAR. ALSO HAVE A BROCHURE WHICH INCLUDES A STATEMENT OF ITS NONDISCRIMINATORY POLICY. THE SCHOOL OFFERS TWO SCHOLARSHIPS SPECIFICALLY FOR BLACK STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE POLICY IN FORCE IS DUE TO AN IRS AUDIT THAT SPECIFICALLY STIPULATES THE SCHOOL IS TO PROVIDE AT LEAST TWO ANNUAL SCHOLARSHIPS SPECIFICALLY TO BLACK STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 5
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES 8,310 SUPPLIES 8,159 POSTAGE 72 TECHNOLOGY 1,610 TOTAL 18,151
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 676 531 PROPERTY & EQUIPMENT 0 0 TOTAL 676 531
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 6,717 6,999
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KELLY CRAFT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICE MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum02528264116
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOBGOOD ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0HOBG
ReturnHeader/Filer/EIN0560940857
ReturnHeader/Filer/PhoneNum02528264116
ReturnHeader/Filer/USAddress/AddressLine1Txt0201 S BEECH ST
ReturnHeader/Filer/USAddress/CityNm0HOBGOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027843
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561315531
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PATE HORTON & ESS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 787
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NASHVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027856
ReturnHeader/PreparerPersonGrp/PhoneNum02524593186
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A ESS
ReturnHeader/ReturnTs02025-07-30T09:48:02-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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