Civic Intelligence

The Lexington Education Association DBA Project Potential

990EZ • Fiscal year 2016 • EIN 56-1532574

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 10, 2017

PO Box 1823Lexington, NC 27293-1287

(336) 249-0874

Siviq Scores

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

Liabilities / Assets

95th percentile

1.06x

Higher debt load relative to assets than 95% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

3.03x

Higher debt load relative to revenue than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

16th percentile

-19%

Higher net margin than 16% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

81st percentile

$13,333

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

41st percentile

-1.8%

Faster asset growth than 41% of similar nonprofits.

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

Revenue Growth

60th percentile

7.5%

Faster revenue growth than 60% of similar nonprofits.

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

Assets

Down

$394,491

Down $7,099 (-1.8%) from 2015

Net Assets

Down

-$23,547

Down $45,501 (-207%) from 2015

Liabilities

Up

$418,038

Up $38,402 (+10%) from 2015

Revenue

Up

$137,923

Up $9,658 (+7.5%) from 2015

Expenses

Up

$164,408

Up $97,037 (+144%) from 2015

Net Income

Down

-$26,485

Down $87,379 (-143%) from 2015

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2012: $509,264Liabilities 2012: $0Net Assets 2012: $509,2642012Assets 2013: $413,641Liabilities 2013: $0Net Assets 2013: $413,6412013Assets 2014: $420,079Liabilities 2014: $446,177Net Assets 2014: -$26,0982014Assets 2015: $401,590Liabilities 2015: $379,636Net Assets 2015: $21,9542015Assets 2016: $394,491Liabilities 2016: $418,038Net Assets 2016: -$23,5472016Assets 2017: $545,035Liabilities 2017: $0Net Assets 2017: $545,0352017Assets 2018: $535,123Liabilities 2018: $0Net Assets 2018: $535,1232018Assets 2019: $484,112Liabilities 2019: $0Net Assets 2019: $484,1122019Assets 2020: $466,504Liabilities 2020: $0Net Assets 2020: $466,5042020Assets 2021: $555,073Liabilities 2021: $0Net Assets 2021: $555,0732021Assets 2022: $493,959Liabilities 2022: $0Net Assets 2022: $493,9592022Assets 2023: $480,486Liabilities 2023: $0Net Assets 2023: $480,4862023Assets 2024: $508,879Liabilities 2024: $0Net Assets 2024: $508,8792024

Highlighted filing

2016

Assets$394,491
Liabilities$418,038
Net Assets-$23,547

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2012: $89,658Expenses 2012: $134,821Net Income 2012: -$45,1632012Revenue 2013: $86,733Expenses 2013: $131,847Net Income 2013: -$45,1142013Revenue 2014: $81,917Expenses 2014: $141,929Net Income 2014: -$60,0122014Revenue 2015: $128,265Expenses 2015: $67,371Net Income 2015: $60,8942015Revenue 2016: $137,923Expenses 2016: $164,408Net Income 2016: -$26,4852016Revenue 2017: $322,386Expenses 2017: $195,633Net Income 2017: $126,7532017Revenue 2018: $167,407Expenses 2018: $195,831Net Income 2018: -$28,4242018Revenue 2019: $141,014Expenses 2019: $201,582Net Income 2019: -$60,5682019Revenue 2020: $161,525Expenses 2020: $180,755Net Income 2020: -$19,2302020Revenue 2021: $114,039Expenses 2021: $149,693Net Income 2021: -$35,6542021Revenue 2022: $111,132Expenses 2022: $147,610Net Income 2022: -$36,4782022Revenue 2023: $73,581Expenses 2023: $145,228Net Income 2023: -$71,6472023Revenue 2024: $103,381Expenses 2024: $103,773Net Income 2024: -$3922024

Highlighted filing

2016

Revenue$137,923
Expenses$164,408
Net Income-$26,485
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 10, 2017
Return Version
2015v3.0
Gross Receipts
$141,358
Mission and Program Overview

Mission

Provide scholarships and college admissions guidance and mentoring for students of lexington city schools

Provide scholarships and college admissions guidance and mentoring for students of Lexington City Schools.

Program Services

DescriptionGrantsExpenses
The organization gives scholarships to students who graduate from Lexington City Schools. The organization also mentors current students in the program by taking them on college visits, helping with college applications and PSAT testing, as well as providing academic counseling.$0$136,639
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Staley NanceExecutive DirectorPT$13,333-$13,333
Minnie DukesMember-$5,800-$5,800
Mac ParrottBoard PresidentPT$0--
Sandra ReynoldsBoard Vice President-$0--
Chevon BurtonProgram DirectorFT$0--
Sally DoddTreasurerPT$0--
Corey BuggsMember-$0--
Sharolyn Harry-ClarkMember-$0--
Jenny FergusonMember-$0--
Ryan HarmanMember-$0--
Anna HayesExecutive Director-$0--
Johnnie HollowayMember-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dancing with the Potential Stars$49,483$49,483$3,435$46,048
Total Events$49,483$49,483$3,435$46,048
Filing and Contact Details

Filer

Filer Name
The Lexington Education Association
EIN
56-1532574
Phone
3362490874
Address
PO Box 1823, Lexington, NC 27293-1287

Signing Officer

Name
Sally Dodd
Title
Treasurer
Phone
3362490874
Signed
2017-02-10
Discuss with paid preparer
Yes

Preparer

Firm
Turlington and Company LLP
Address
PO Box 1697, Lexington, NC 27293-1697
Preparer
John Scott Biesecker
Phone
3362496856
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 4 - Other Investment Income

Description: Interest income on CD. Amount: 11.

Form 990-EZ, Part I, Line 16 - Other Expenses

Description: Office. Amount: 1,636. Description: Fundraising. Amount: 1,089. Description: ACT/SAT Prep Course and Testing. Amount: 1,248. Description: Travel - College Visits. Amount: 1,822. Description: Dorm Room Giveaway. Amount: 290. Description: Family Outreach. Amount: 218. Description: Annual Banquet. Amount: 5,172. Description: Insurance. Amount: 875. Description: Scholarship. Amount: 73,500. Description: Other Miscellaneous Program Support. Amount: 1,554. Description: Investment fees. Amount: 1,967. Total to Form 990-EZ, line 16: 89,371.

Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets

Description: To record prior period adjustment. Amount: -11,760. Description: Unrealized losses on Investment in Carolina Foundation. Amount: -7,256. Total to Form 990-EZ, line 20: -19,016.

Form 990-EZ, Part II, Line 24 - Other Assets

Description: Grant receivable. Beg. of Year Amount: 0. End of Year Amount: 1,359.

Form 990-EZ, Part II, Line 26 - Other Liabilities

Description: Scholarship Obligations. Beg. of Year Amount: 379,636. End of Year Amount: 418,038.

Raw XML Appendix239 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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IRS990EZ/PrimaryExemptPurposeTxt0Provide scholarships and college admissions guidance and mentoring for students of Lexington City Schools.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The organization gives scholarships to students who graduate from Lexington City Schools. The organization also mentors current students in the program by taking them on college visits, helping with college applications and PSAT testing, as well as providing academic counseling.
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Dancing with the Potential Stars
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Interest income on CD. Amount: 11.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Office. Amount: 1,636. Description: Fundraising. Amount: 1,089. Description: ACT/SAT Prep Course and Testing. Amount: 1,248. Description: Travel - College Visits. Amount: 1,822. Description: Dorm Room Giveaway. Amount: 290. Description: Family Outreach. Amount: 218. Description: Annual Banquet. Amount: 5,172. Description: Insurance. Amount: 875. Description: Scholarship. Amount: 73,500. Description: Other Miscellaneous Program Support. Amount: 1,554. Description: Investment fees. Amount: 1,967. Total to Form 990-EZ, line 16: 89,371.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: To record prior period adjustment. Amount: -11,760. Description: Unrealized losses on Investment in Carolina Foundation. Amount: -7,256. Total to Form 990-EZ, line 20: -19,016.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description: Grant receivable. Beg. of Year Amount: 0. End of Year Amount: 1,359.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description: Scholarship Obligations. Beg. of Year Amount: 379,636. End of Year Amount: 418,038.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 4 - Other Investment Income
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 24 - Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part II, Line 26 - Other Liabilities
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Sally Dodd
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03362490874
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Lexington Education Association
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DBA Project Potential
ReturnHeader/Filer/BusinessNameControlTxt0LEXI
ReturnHeader/Filer/EIN0561532574
ReturnHeader/Filer/PhoneNum03362490874
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 1823
ReturnHeader/Filer/USAddress/CityNm0Lexington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0272931287
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560817345
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Turlington and Company LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 1697
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lexington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0272931697
ReturnHeader/PreparerPersonGrp/PhoneNum03362496856
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0John Scott Biesecker
ReturnHeader/ReturnTs02017-02-14T15:35:44-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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