Civic Intelligence

Hobgood Academy Inc.

990 • Fiscal year 2017 • EIN 56-0940857

Jul 01, 2016 to Jun 30, 2017 • Filed on Jul 25, 2017

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

96th percentile

1.41x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

2.53x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

4th percentile

-68%

Higher net margin than 4% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

90th percentile

57%

Faster asset growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

18th percentile

-14%

Faster revenue growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$740,037

Up $269,811 (+57%) from 2016

Net Assets

Down

-$305,842

Down $280,199 (-1093%) from 2016

Liabilities

Up

$1,045,879

Up $550,010 (+111%) from 2016

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin4th percentile

Revenue

Down

$413,320

Down $68,514 (-14%) from 2016

Expenses

Down

$693,519

Down $91,050 (-12%) from 2016

Net Income

Up

-$280,199

Up $22,536 (+7.4%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth90th 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

2017

Assets$740,037
Liabilities$1,045,879
Net Assets-$305,842
Open 2017 Filing

Operations Trend

Revenue Growth18th 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

2017

Revenue$413,320
Expenses$693,519
Net Income-$280,199
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jul 25, 2017
Return Version
2016v3.0
Gross Receipts
$413,320
Mission and Program Overview

Mission

EDUCATIONAL INSTITUTION

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$78,182$354,016▲ $275,834
Land, Buildings, and Equipment, Net$372,207$349,311▼ $22,896
Accounts Receivable$16,990$29,839▲ $12,849
Prepaid Expenses and Deferred Charges$2,847$6,871▲ $4,024
Total Assets$470,226$740,037▲ $269,811
Liabilities
Mortgage Notes Payable Secured by Investment Property$400,000$988,000▲ $588,000
Accounts Payable and Accrued Expenses$62,081$47,771▼ $14,310
Deferred Revenue$33,788$10,108▼ $23,680
Total Liabilities$495,869$1,045,879▲ $550,010
Net Assets / Fund Balance
Unrestricted Net Assets$-25,643$-305,842▼ $280,199
Total Net Assets Fund Balance$-25,643$-305,842▼ $280,199
Total Liabilities and Net Assets / Fund Balance$470,226$740,037▲ $269,811

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$349,311$868,414$1,217,725
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Scott KiserChair
Brandon LanierVice Chair
Nicole FlanaryDirector
Rhonda MayerSecretary
Kelly CraftTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$58,167
Program Service Revenue
$354,707
Investment Income
$446
Other Revenue
$0
All Other Contributions
$58,167
Change in Net Assets
$-280,199
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$450,608
Other Expenses$242,911
Total Fundraising Expense$18,281
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$352,142$61,651-$413,793
Occupancy$98,956$6,557-$105,513
Payroll Taxes$27,519$4,866-$32,385
Depreciation Depletion$22,896--$22,896
Insurance$18,628--$18,628
Fees for Services Accounting-$4,890-$4,890
Pension Plan Contributions$3,748$682-$4,430
Travel-$324-$324
Other Expenses$298$3,296$18,281$298
Advertising-$237-$237
Total Functional Expenses$585,347$89,891$18,281$693,519
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
2017-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Kiser
Voting Board Members
5
Independent Board Members
5
Employees
34
Volunteers
50

Preparer

Firm
Pate Horton & Ess Pa
Address
PO BOX 787, NASHVILLE, NC 27856
Preparer
David a Ess
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 Appendix336 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
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt062081
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt047771
IRS990/AccountsReceivableGrp/BOYAmt016990
IRS990/AccountsReceivableGrp/EOYAmt029839
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0EDUCATIONAL INSTITUTION
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0237
IRS990/AdvertisingGrp/TotalAmt0237
IRS990/AllOtherContributionsAmt058167
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0KELLY CRAFT
IRS990/BooksInCareOfDetail/PhoneNum02528264116
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 307
IRS990/BooksInCareOfDetail/USAddress/CityNm0HOBGOOD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027843
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt058167
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0446
IRS990/CYOtherExpensesAmt0242911
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0354707
IRS990/CYRevenuesLessExpensesAmt0-280199
IRS990/CYSalariesCompEmpBnftPaidAmt0450608
IRS990/CYTotalExpensesAmt0693519
IRS990/CYTotalFundraisingExpenseAmt018281
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0413320
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt033788
IRS990/DeferredRevenueGrp/EOYAmt010108
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt022896
IRS990/DepreciationDepletionGrp/TotalAmt022896
IRS990/Desc0PRIVATE SCHOOL PROVIDING EDUCATION TO APPROXIMATELY 94 STUDENTS IN EITHER PRESCHOOL OR GRADES K-12 IN A RACIALLY NONDISCRIMINATORY MANNER
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt034
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0585347
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt04890
IRS990/FeesForServicesAccountingGrp/TotalAmt04890
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt435.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0RHONDA MAYER
IRS990/Form990PartVIISectionAGrp/PersonNm1SCOTT KISER
IRS990/Form990PartVIISectionAGrp/PersonNm2NICOLE FLANARY
IRS990/Form990PartVIISectionAGrp/PersonNm3BRANDON LANIER
IRS990/Form990PartVIISectionAGrp/PersonNm4KELLY CRAFT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0413320
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt018628
IRS990/InsuranceGrp/TotalAmt018628
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0446
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0446
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0868414
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0372207
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0349311
IRS990/LandBldgEquipCostOrOtherBssAmt01217725
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0EDUCATIONAL INSTITUTION
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0400000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0988000
IRS990/NetAssetsOrFundBalancesBOYAmt0-25643
IRS990/NetAssetsOrFundBalancesEOYAmt0-305842
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt06557
IRS990/OccupancyGrp/ProgramServicesAmt098956
IRS990/OccupancyGrp/TotalAmt0105513
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/FundraisingAmt018281
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02550
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14838
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23296
IRS990/OtherExpensesGrp/ProgramServicesAmt061160
IRS990/OtherExpensesGrp/ProgramServicesAmt1298
IRS990/OtherExpensesGrp/TotalAmt081991
IRS990/OtherExpensesGrp/TotalAmt14838
IRS990/OtherExpensesGrp/TotalAmt23296
IRS990/OtherExpensesGrp/TotalAmt3298
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt061651
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0352142
IRS990/OtherSalariesAndWagesGrp/TotalAmt0413793
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04866
IRS990/PayrollTaxesGrp/ProgramServicesAmt027519
IRS990/PayrollTaxesGrp/TotalAmt032385
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0682
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03748
IRS990/PensionPlanContributionsGrp/TotalAmt04430
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02847
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06871
IRS990/PrincipalOfficerNm0SCOTT KISER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION & FEES
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS AND OTHER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0348328
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16379
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0348328
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16379
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt063491
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-1543
IRS990/PYOtherExpensesAmt0219306
IRS990/PYOtherRevenueAmt06068
IRS990/PYProgramServiceRevenueAmt0413818
IRS990/PYRevenuesLessExpensesAmt0-302735
IRS990/PYSalariesCompEmpBnftPaidAmt0565263
IRS990/PYTotalExpensesAmt0784569
IRS990/PYTotalRevenueAmt0481834
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-280199
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0354707
IRS990/SavingsAndTempCashInvstGrp/BOYAmt078182
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0354016
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0349311
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0868414
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01217725
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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0349311
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 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/TotalAssetsBOYAmt0470226
IRS990/TotalAssetsEOYAmt0740037
IRS990/TotalAssetsGrp/BOYAmt0470226
IRS990/TotalAssetsGrp/EOYAmt0740037
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt058167
IRS990/TotalEmployeeCnt034
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt018281
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt089891
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0585347
IRS990/TotalFunctionalExpensesGrp/TotalAmt0693519
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0495869
IRS990/TotalLiabilitiesEOYAmt01045879
IRS990/TotalLiabilitiesGrp/BOYAmt0495869
IRS990/TotalLiabilitiesGrp/EOYAmt01045879
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-25643
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-305842
IRS990/TotalProgramServiceExpensesAmt0585347
IRS990/TotalProgramServiceRevenueAmt0354707
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0355153
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0413320
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0470226
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0740037
IRS990/TravelGrp/ManagementAndGeneralAmt0324
IRS990/TravelGrp/TotalAmt0324
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-25643
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-305842
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/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KELLY CRAFT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02528264116
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-25
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/FilingSecurityInformation/AtSubmissionCreationDeviceId03144950CCA81CF8D2D08E7E42ED3B1C0A6BCB2A0
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03144950CCA81CF8D2D08E7E42ED3B1C0A6BCB2A0
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/PreparationDt02017-07-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A ESS
ReturnHeader/ReturnTs02017-08-11T09:11:26-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$740,037
Liabilities
$1,045,879
Net assets
-$305,842
Revenue
$413,320
Expenses
$693,519
Net income
-$280,199
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
2017Detailed filing. Detailed filing data is available for this year.$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