Civic Intelligence

Hobgood Academy Inc.

990 • Fiscal year 2016 • EIN 56-0940857

Jul 01, 2015 to Jun 30, 2016 • Filed on Aug 01, 2016

Organization ProfileWWW.HOBGOODACADEMY.COM

View Organization Page

PO Box 307Hobgood, NC 27843

(252) 826-4116

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.05x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

1.03x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

5th percentile

-63%

Higher net margin than 5% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

13th percentile

-13%

Faster asset growth than 13% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

23rd percentile

-13%

Faster revenue growth than 23% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$470,226

Down $71,545 (-13%) from 2015

Net Assets

Down

-$25,643

Down $302,735 (-109%) from 2015

Liabilities

Up

$495,869

Up $231,190 (+87%) from 2015

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin5th percentile

Revenue

Down

$481,834

Down $68,907 (-13%) from 2015

Expenses

Up

$784,569

Up $110,988 (+16%) from 2015

Net Income

Down

-$302,735

Down $179,895 (-146%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$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

2016

Assets$470,226
Liabilities$495,869
Net Assets-$25,643
Open 2016 Filing

Operations Trend

Revenue Growth23rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$481,834
Expenses$784,569
Net Income-$302,735
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Aug 1, 2016
Return Version
2015v2.1
Gross Receipts
$502,827
Mission and Program Overview

Mission

EDUCATIONAL INSTITUTION

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$188,901$372,207▲ $183,306
Savings and Temporary Cash Investments$309,266$78,182▼ $231,084
Investments in Publicly Traded Securities$24,379--
Accounts Receivable$16,634$16,990▲ $356
Prepaid Expenses and Deferred Charges$2,591$2,847▲ $256
Total Assets$541,771$470,226▼ $71,545
Liabilities
Mortgage Notes Payable Secured by Investment Property$200,000$400,000▲ $200,000
Accounts Payable and Accrued Expenses$51,202$62,081▲ $10,879
Deferred Revenue$13,477$33,788▲ $20,311
Total Liabilities$264,679$495,869▲ $231,190
Net Assets / Fund Balance
Unrestricted Net Assets$277,092$-25,643▼ $302,735
Total Net Assets Fund Balance$277,092$-25,643▼ $302,735
Total Liabilities and Net Assets / Fund Balance$541,771$470,226▼ $71,545

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$372,207$849,934$1,222,141
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Scott KiserChair
Brandon LanierDirector
Buddy LeggettDirector
Nicole FlanaryDirector
Rhonda MayerSecretary
Kelly CraftTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$63,491
Program Service Revenue
$413,818
Investment Income
$-1,543
Other Revenue
$6,068
All Other Contributions
$63,491
Change in Net Assets
$-302,735
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$565,263
Other Expenses$219,306
Total Fundraising Expense$11,475
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$433,610$87,587-$521,197
Occupancy$66,730$6,024-$72,754
Payroll Taxes$32,044$6,515-$38,559
Insurance$27,240--$27,240
Depreciation Depletion$21,612--$21,612
Pension Plan Contributions$4,558$949-$5,507
Fees for Services Accounting-$4,239-$4,239
Interest-$3,000-$3,000
Other Expenses$1,305$3,637$11,475$1,305
Travel-$622-$622
Advertising-$583-$583
Total Functional Expenses$657,242$115,852$11,475$784,569
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Yes
Backup withholding compliance
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, Page 6, Part VI, Line 11B

“Copy of tax return is given to management before it is filed.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available upon written request.”

Filing and Contact Details

Filer

Filer Name
Hobgood Academy Inc
EIN
56-0940857
Phone
2528264116
Address
PO BOX 307, HOBGOOD, NC 27843

Signing Officer

Name
Kelly Craft
Title
Treasurer
Phone
2528264116
Signed
2016-08-01

Organization Details

Principal Officer
Scott Kiser
Voting Board Members
5
Independent Board Members
5
Employees
28
Volunteers
50

Preparer

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

Financial Statement Notes

Schedule D, Page 3, Part X

“Management of the school considers the likelihood of changes by taxing authorities in its exempt organization returns and discloses potential significant changes that management believes are more likely than not to occur upon examination by tax authorities. Management has not identified any uncertain tax positions in filed returns that require disclosure in the accompanying financial statements. The school's tax returns for the past three years are subject to examination by tax authorities, and may change upon examination.”

Raw XML Appendix356 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT OF THE SCHOOL CONSIDERS THE LIKELIHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS EXEMPT ORGANIZATION RETURNS AND DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR UPON EXAMINATION BY TAX AUTHORITIES. MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS IN FILED RETURNS THAT REQUIRE DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL'S TAX RETURNS FOR THE PAST THREE YEARS ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, AND MAY CHANGE UPON EXAMINATION.
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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 PROVIDES 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 SCHOLARSHIPS ANNUALLY SPECIFICALLY TO BLACK STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 5
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPY OF TAX RETURN IS GIVEN TO MANAGEMENT BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST.
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/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0541771
IRS990/TotalAssetsEOYAmt0470226
IRS990/TotalAssetsGrp/BOYAmt0541771
IRS990/TotalAssetsGrp/EOYAmt0470226
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt063491
IRS990/TotalEmployeeCnt028
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt011475
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0115852
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0657242
IRS990/TotalFunctionalExpensesGrp/TotalAmt0784569
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0264679
IRS990/TotalLiabilitiesEOYAmt0495869
IRS990/TotalLiabilitiesGrp/BOYAmt0264679
IRS990/TotalLiabilitiesGrp/EOYAmt0495869
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0277092
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-25643
IRS990/TotalProgramServiceExpensesAmt0657242
IRS990/TotalProgramServiceRevenueAmt0413818
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0418343
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0481834
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0541771
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0470226
IRS990/TravelGrp/ManagementAndGeneralAmt0622
IRS990/TravelGrp/TotalAmt0622
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0277092
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-25643
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 307
IRS990/USAddress/CityNm0HOBGOOD
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027843
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.HOBGOODACADEMY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KELLY CRAFT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02528264116
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOBGOOD ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0HOBG
ReturnHeader/Filer/EIN0560940857
ReturnHeader/Filer/PhoneNum02528264116
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 307
ReturnHeader/Filer/USAddress/CityNm0HOBGOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027843
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/PreparationDt02016-08-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A ESS CPA
ReturnHeader/ReturnTs02016-08-01T15:27:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$470,226
Liabilities
$495,869
Net assets
-$25,643
Revenue
$481,834
Expenses
$784,569
Net income
-$302,735
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
2016Detailed filing. Detailed filing data is available for this year.$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