Civic Intelligence

Hickory Christian Academy

990 • Fiscal year 2019 • EIN 56-1932672

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 31, 2020

Organization ProfileWWW.HICKORYCHRISTIANACADEMY.COM

View Organization Page

3260 6th St Dr NWHickory, NC 28601

(828) 324-5405

Siviq Scores

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

Liabilities / Assets

51st percentile

0.11x

Higher debt load relative to assets than 51% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

60th percentile

0.15x

Higher debt load relative to revenue than 60% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Net Margin

13th percentile

-13%

Higher net margin than 13% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

69th percentile

$114,750

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Asset Growth

14th percentile

-9.4%

Faster asset growth than 14% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

19th percentile

-11%

Faster revenue growth than 19% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets51st percentile

Assets

Down

$3,844,925

Down $400,873 (-9.4%) from 2018

Net Assets

Down

$3,424,455

Down $369,529 (-9.7%) from 2018

Liabilities

Down

$420,470

Down $31,344 (-6.9%) from 2018

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin13th percentile

Revenue

Down

$2,850,597

Down $358,324 (-11%) from 2018

Expenses

Down

$3,217,724

Down $21,466 (-0.7%) from 2018

Net Income

Down

-$367,127

Down $336,858 (-1113%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$10M$5.0M$0Assets 2011: $4,261,444Liabilities 2011: $1,247,956Net Assets 2011: $3,013,4882011Assets 2012: $4,101,364Liabilities 2012: $1,224,469Net Assets 2012: $2,876,8952012Assets 2013: $5,619,469Liabilities 2013: $1,624,463Net Assets 2013: $3,995,0062013Assets 2014: $5,394,909Liabilities 2014: $979,470Net Assets 2014: $4,415,4392014Assets 2015: $5,185,984Liabilities 2015: $813,418Net Assets 2015: $4,372,5662015Assets 2016: $4,816,513Liabilities 2016: $630,676Net Assets 2016: $4,185,8372016Assets 2017: $4,424,579Liabilities 2017: $600,775Net Assets 2017: $3,823,8042017Assets 2018: $4,245,798Liabilities 2018: $451,814Net Assets 2018: $3,793,9842018Assets 2019: $3,844,925Liabilities 2019: $420,470Net Assets 2019: $3,424,4552019Assets 2020: $3,787,331Liabilities 2020: $651,822Net Assets 2020: $3,135,5092020Assets 2021: $3,739,915Liabilities 2021: $335,346Net Assets 2021: $3,404,5692021Assets 2022: $3,555,312Liabilities 2022: $320,574Net Assets 2022: $3,234,7382022Assets 2023: $5,220,053Liabilities 2023: $382,306Net Assets 2023: $4,837,7472023Assets 2024: $8,391,412Liabilities 2024: $2,987,406Net Assets 2024: $5,404,0062024Assets 2025: $7,903,510Liabilities 2025: $2,894,701Net Assets 2025: $5,008,8092025

Highlighted filing

2019

Assets$3,844,925
Liabilities$420,470
Net Assets$3,424,455
Open 2019 Filing

Operations Trend

Revenue Growth19th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,954,035Expenses 2011: $1,953,706Net Income 2011: $3292011Revenue 2012: $1,990,969Expenses 2012: $2,127,562Net Income 2012: -$136,5932012Revenue 2013: $3,390,502Expenses 2013: $2,278,178Net Income 2013: $1,112,3242013Revenue 2014: $3,012,546Expenses 2014: $2,578,956Net Income 2014: $433,5902014Revenue 2015: $2,804,658Expenses 2015: $2,839,310Net Income 2015: -$34,6522015Revenue 2016: $2,708,490Expenses 2016: $2,888,656Net Income 2016: -$180,1662016Revenue 2017: $2,729,096Expenses 2017: $3,100,285Net Income 2017: -$371,1892017Revenue 2018: $3,208,921Expenses 2018: $3,239,190Net Income 2018: -$30,2692018Revenue 2019: $2,850,597Expenses 2019: $3,217,724Net Income 2019: -$367,1272019Revenue 2020: $2,880,429Expenses 2020: $3,162,354Net Income 2020: -$281,9252020Revenue 2021: $3,301,668Expenses 2021: $3,060,218Net Income 2021: $241,4502021Revenue 2022: $3,249,783Expenses 2022: $3,369,241Net Income 2022: -$119,4582022Revenue 2023: $5,219,475Expenses 2023: $3,626,772Net Income 2023: $1,592,7032023Revenue 2024: $4,513,086Expenses 2024: $3,966,204Net Income 2024: $546,8822024Revenue 2025: $4,575,079Expenses 2025: $4,982,596Net Income 2025: -$407,5172025

Highlighted filing

2019

Revenue$2,850,597
Expenses$3,217,724
Net Income-$367,127
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 31, 2020
Return Version
2018v3.1
Gross Receipts
$2,893,351
Mission and Program Overview

Mission

Education for grades k thru 12

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,636,752$3,337,595▼ $299,157
Accounts Receivable$148,084$193,573▲ $45,489
Investments in Publicly Traded Securities$159,162$163,461▲ $4,299
Pledges and Grants Receivable$115,469$0▼ $115,469
Prepaid Expenses and Deferred Charges$75,348$83,623▲ $8,275
Cash and Non-Interest-Bearing Accounts$105,471$60,086▼ $45,385
Inventories for Sale or Use$5,512$6,587▲ $1,075
Total Assets$4,245,798$3,844,925▼ $400,873
Liabilities
Mortgage Notes Payable Secured by Investment Property$179,762$171,315▼ $8,447
Deferred Revenue$157,227$159,990▲ $2,763
Unsecured Notes Loans Payable$100,000$60,000▼ $40,000
Accounts Payable and Accrued Expenses$14,825$29,165▲ $14,340
Total Liabilities$451,814$420,470▼ $31,344
Net Assets / Fund Balance
Unrestricted Net Assets$3,511,745$3,269,937▼ $241,808
Temporarily Rstr Net Assets$282,239$154,518▼ $127,721
Total Net Assets Fund Balance$3,793,984$3,424,455▼ $369,529
Total Liabilities and Net Assets / Fund Balance$4,245,798$3,844,925▼ $400,873

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,204,824$2,547,092$5,751,916
Equipment$61,466$303,743$365,209
Other Land Buildings$16,157$131,249$147,406
Land$55,148-$55,148

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$159,162$2,013▲ $10,177-$163,461
2018$152,782$2,928▲ $12,013-$159,162
2017$141,830$3,253▲ $18,154-$152,782
2016$150,515-▼ $1,406-$141,830
2015$151,312-▼ $797-$150,515
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tracy RobinsonHeadmasterFT$114,750$114,750

Board Members and Trustees

NameTitle
Phil GreeneChairman
Jon HataVice Chair
Debi YeargainBoard of Directors
Denise LehmanBoard of Directors
Eric FulcherBoard of Directors
Matt RobertsonBoard of Directors
Nick CarlinoBoard of Directors
Julie NorcrossSecretary
Celia WhiteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$169,650
Program Service Revenue
$2,639,104
Investment Income
$10,920
Other Revenue
$30,923
All Other Contributions
$127,306
Change in Net Assets
$-367,127

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,850,597
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-6,902
Total Revenue per Audited Statements
$2,843,695
Total Revenue per Form 990
$2,850,597
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,218,302
Other Expenses$999,422
Total Fundraising Expense$8,015
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,804,707$116,050$8,015$1,928,772
Depreciation Depletion$247,100$82,365-$329,465
Payroll Taxes$156,495--$156,495
All Other Expenses$115,578$27,558-$143,136
Current Officers, Directors, Trustees, and Key Employees-$114,750-$114,750
Occupancy$86,385$17,668-$104,053
Insurance$90,091$10,010-$100,101
Other Expenses$41,146$64,085-$41,146
Office Expenses$18,053$6,018-$24,071
Advertising-$22,301-$22,301
Pension Plan Contributions$18,285--$18,285
Interest-$11,594-$11,594
Fees for Services Accounting-$8,319-$8,319
Conferences and Meetings$2,648--$2,648
Total Functional Expenses$2,719,860$489,849$8,015$3,217,724

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,217,724
Expenses per Audited Statements$3,213,224
Total Expenses per Audited Statements$3,213,224
Expenses Not Reported on Financial Statements$4,500
Other Expense Adjustments$4,500
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,423
Fundraising Direct Expenses$5,729
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
School Event Sponsorships$42,077---
Golf Tournament$12,107$12,107$5,729$6,378
Total Events$74,767$32,423$5,729$26,694
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
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
Yes
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

“The 990 will be reviewed by an officer prior to signing and filing of form 990”

Form 990, Part VI, Section B, Line 12C

“Written conflict of interest policy in employee handbook. Board of directors monitor large transactions for adherence to written policy.”

Form 990, Part VI, Section C, Line 18

“Tax returns are available to the public at www.guidestar.org and upon request”

Form 990, Part VI, Section C, Line 19

“Documents are available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Hickory Christian Academy Inc
EIN
56-1932672
Phone
8283245405
Address
3260 6TH ST DR NW, HICKORY, NC 28601

Signing Officer

Name
Tracy Robinson
Title
Headmaster
Phone
8283245405
Signed
2020-03-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tracy Robinson
Formed
1995
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
113
Volunteers
75

Preparer

Firm
Martin Starnes & Associates Cpas Pa
Address
730 13TH AVENUE DR SE, HICKORY, NC 28602-5196
Preparer
Frank F Williams CPA
Phone
8283272727
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The academy has adopted investment and spending policies for endowment assets that attempt to subject the fund to low investment risk and provide scholarships with current income. Endowment assets are invested in equity funds. The academy seeks to build endowment assets through additional contributions. The academy has a policy of appropriating for distribution each year a scholarship in the amount set by academy's board from the endowment fund's investment income from the previous, and the academy generally expends the endowment fund's investment income for scholarships in the year following receipt. The current spending policy is not expected to allow the academy's endowment fund to grow as a result of investment returns. This is consistent with the academy's objectives to provide scholarships to certain graduating seniors, preserve endowment assets without subjecting them to substantial risk, and provide additional real growth through new gifts.”

PART X, LINE 2:

“The academy has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The academy had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Scholarship disbursements -4,500.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Scholarship disbursements 4,500.”

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IRS990/LandBldgEquipCostOrOtherBssAmt06319679
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt036840
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0EDUCATION FOR GRADES K THRU 12
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0179762
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0171315
IRS990/NetAssetsOrFundBalancesBOYAmt03793984
IRS990/NetAssetsOrFundBalancesEOYAmt03424455
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt03699
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt03699
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt026694
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt026694
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01825
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01825
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-2402
IRS990/NoncashContributionsAmt02013
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt017668
IRS990/OccupancyGrp/ProgramServicesAmt086385
IRS990/OccupancyGrp/TotalAmt0104053
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06018
IRS990/OfficeExpensesGrp/ProgramServicesAmt018053
IRS990/OfficeExpensesGrp/TotalAmt024071
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc2ATHLETIC PROGRAMS
IRS990/OtherExpensesGrp/Desc3ACTIVITIES AND FIELD TR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09131
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt164085
IRS990/OtherExpensesGrp/ProgramServicesAmt082179
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt257193
IRS990/OtherExpensesGrp/ProgramServicesAmt341146
IRS990/OtherExpensesGrp/TotalAmt091310
IRS990/OtherExpensesGrp/TotalAmt164085
IRS990/OtherExpensesGrp/TotalAmt257193
IRS990/OtherExpensesGrp/TotalAmt341146
IRS990/OtherRevenueMiscGrp/BusinessCd0611110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02404
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02404
IRS990/OtherRevenueTotalAmt02404
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08015
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0116050
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01804707
IRS990/OtherSalariesAndWagesGrp/TotalAmt01928772
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0156495
IRS990/PayrollTaxesGrp/TotalAmt0156495
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt018285
IRS990/PensionPlanContributionsGrp/TotalAmt018285
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0115469
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt075348
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt083623
IRS990/PrincipalOfficerNm0TRACY ROBINSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1REGISTRATION FEE
IRS990/ProgramServiceRevenueGrp/Desc2ACTIVITY FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02485409
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1129150
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt224545
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02485409
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1129150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt224545
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0565924
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0300300
IRS990/PYInvestmentIncomeAmt010296
IRS990/PYOtherExpensesAmt0828392
IRS990/PYOtherRevenueAmt040277
IRS990/PYProgramServiceRevenueAmt02592424
IRS990/PYRevenuesLessExpensesAmt0-30269
IRS990/PYSalariesCompEmpBnftPaidAmt02110498
IRS990/PYTotalExpensesAmt03239190
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03208921
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-367127
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02643334
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.17000
IRS990ScheduleD/BuildingsGrp/BookValueAmt03204824
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02547092
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05751916
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt01320
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0159162
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02013
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0163461
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt06571
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt010177
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt01295
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0152782
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02928
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0159162
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt07266
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012013
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt01202
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0141830
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt03253
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0152782
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt09253
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018154
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt01279
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0150515
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0141830
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt06000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1406
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0151312
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0150515
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-797
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt061466
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0303743
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0365209
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt04500
IRS990ScheduleD/ExpensesSubtotalAmt03213224
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt055148
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt055148
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-2402
IRS990ScheduleD/OtherExpensesNotIncludedAmt04500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt016157
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0131249
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0147406
IRS990ScheduleD/OtherRevenueAmt0-4500
IRS990ScheduleD/RevenueNotReportedAmt0-6902
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02850597
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO SUBJECT THE FUND TO LOW INVESTMENT RISK AND PROVIDE SCHOLARSHIPS WITH CURRENT INCOME. ENDOWMENT ASSETS ARE INVESTED IN EQUITY FUNDS. THE ACADEMY SEEKS TO BUILD ENDOWMENT ASSETS THROUGH ADDITIONAL CONTRIBUTIONS. THE ACADEMY HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR A SCHOLARSHIP IN THE AMOUNT SET BY ACADEMY'S BOARD FROM THE ENDOWMENT FUND'S INVESTMENT INCOME FROM THE PREVIOUS, AND THE ACADEMY GENERALLY EXPENDS THE ENDOWMENT FUND'S INVESTMENT INCOME FOR SCHOLARSHIPS IN THE YEAR FOLLOWING RECEIPT. THE CURRENT SPENDING POLICY IS NOT EXPECTED TO ALLOW THE ACADEMY'S ENDOWMENT FUND TO GROW AS A RESULT OF INVESTMENT RETURNS. THIS IS CONSISTENT WITH THE ACADEMY'S OBJECTIVES TO PROVIDE SCHOLARSHIPS TO CERTAIN GRADUATING SENIORS, PRESERVE ENDOWMENT ASSETS WITHOUT SUBJECTING THEM TO SUBSTANTIAL RISK, AND PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ACADEMY HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SCHOLARSHIP DISBURSEMENTS -4,500.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SCHOLARSHIP DISBURSEMENTS 4,500.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.83000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03337595
IRS990ScheduleD/TotalExpensesPerForm990Amt03217724
IRS990ScheduleD/TotalRevenuePerForm990Amt02850597
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02843695
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03213224
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,844,925
Liabilities
$420,470
Net assets
$3,424,455
Revenue
$2,850,597
Expenses
$3,217,724
Net income
-$367,127
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.90$2.89$5.01$4.58$4.98$0.41
2024Detailed filing. Detailed filing data is available for this year.$8.39$2.99$5.40$4.51$3.97$0.55
2023Detailed filing. Detailed filing data is available for this year.$5.22$0.38$4.84$5.22$3.63$1.59
2022Detailed filing. Detailed filing data is available for this year.$3.56$0.32$3.23$3.25$3.37$0.12
2021Detailed filing. Detailed filing data is available for this year.$3.74$0.34$3.40$3.30$3.06$0.24
2020Detailed filing. Detailed filing data is available for this year.$3.79$0.65$3.14$2.88$3.16$0.28
2019Detailed filing. Detailed filing data is available for this year.$3.84$0.42$3.42$2.85$3.22$0.37
2018Detailed filing. Detailed filing data is available for this year.$4.25$0.45$3.79$3.21$3.24$0.03
2017Detailed filing. Detailed filing data is available for this year.$4.42$0.60$3.82$2.73$3.10$0.37
2016Detailed filing. Detailed filing data is available for this year.$4.82$0.63$4.19$2.71$2.89$0.18
2015Detailed filing. Detailed filing data is available for this year.$5.19$0.81$4.37$2.80$2.84$0.03
2014Detailed filing. Detailed filing data is available for this year.$5.39$0.98$4.42$3.01$2.58$0.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.62$1.62$4.00$3.39$2.28$1.11
2012Summary only. Only limited summary data is available for this year.$4.10$1.22$2.88$1.99$2.13$0.14
2011Summary only. Only limited summary data is available for this year.$4.26$1.25$3.01$1.95$1.95$0.00