Civic Intelligence

Hickory Christian Academy

990 • Fiscal year 2020 • EIN 56-1932672

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 09, 2020

Organization ProfileWWW.HICKORYCHRISTIANACADEMY.COM
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

53rd percentile

0.17x

Higher debt load relative to assets than 53% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

62nd percentile

0.23x

Higher debt load relative to revenue than 62% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Net Margin

19th percentile

-9.8%

Higher net margin than 19% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

72nd percentile

$118,100

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Asset Growth

25th percentile

-1.5%

Faster asset growth than 25% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

54th percentile

1.0%

Faster revenue growth than 54% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$3,787,331

Down $57,594 (-1.5%) from 2019

Net Assets

Down

$3,135,509

Down $288,946 (-8.4%) from 2019

Liabilities

Up

$651,822

Up $231,352 (+55%) from 2019

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin19th percentile

Revenue

Up

$2,880,429

Up $29,832 (+1.0%) from 2019

Expenses

Down

$3,162,354

Down $55,370 (-1.7%) from 2019

Net Income

Up

-$281,925

Up $85,202 (+23%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2020

Assets$3,787,331
Liabilities$651,822
Net Assets$3,135,509
Open 2020 Filing

Operations Trend

Revenue Growth54th 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

2020

Revenue$2,880,429
Expenses$3,162,354
Net Income-$281,925
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 9, 2020
Return Version
2019v5.1
Gross Receipts
$2,923,254
Mission and Program Overview

Mission

Education for grades k thru 12

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,337,595$3,081,239▼ $256,356
Cash and Non-Interest-Bearing Accounts$60,086$326,389▲ $266,303
Investments in Publicly Traded Securities$163,461$160,250▼ $3,211
Accounts Receivable$193,573$142,659▼ $50,914
Prepaid Expenses and Deferred Charges$83,623$69,500▼ $14,123
Inventories for Sale or Use$6,587$7,294▲ $707
Total Assets$3,844,925$3,787,331▼ $57,594
Liabilities
Unsecured Notes Loans Payable$60,000$330,250▲ $270,250
Deferred Revenue$159,990$182,394▲ $22,404
Mortgage Notes Payable Secured by Investment Property$171,315$114,022▼ $57,293
Accounts Payable and Accrued Expenses$29,165$25,156▼ $4,009
Total Liabilities$420,470$651,822▲ $231,352
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,269,937$3,002,649▼ $267,288
Net Assets With Donor Restrictions$154,518$132,860▼ $21,658
Total Net Assets Fund Balance$3,424,455$3,135,509▼ $288,946
Total Liabilities and Net Assets / Fund Balance$3,844,925$3,787,331▼ $57,594

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,970,817$2,781,099$5,751,916
Equipment$49,853$334,785$384,638
Other Land Buildings$5,421$141,985$147,406
Land$55,148-$55,148

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$163,461-▲ $4,116-$160,250
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
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tracy RobinsonHeadmasterFT$118,100$118,100

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
$119,141
Program Service Revenue
$2,710,245
Investment Income
$11,599
Other Revenue
$39,444
All Other Contributions
$119,141
Change in Net Assets
$-281,925

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,880,429
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-7,021
Total Revenue per Audited Statements
$2,873,408
Total Revenue per Form 990
$2,880,429
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,247,753
Other Expenses$914,601
Total Fundraising Expense$8,328
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,826,332$120,000$8,328$1,954,660
Depreciation Depletion$206,839$68,946-$275,785
Payroll Taxes$157,739--$157,739
All Other Expenses$84,088$38,010-$122,098
Insurance$109,516$12,169-$121,685
Current Officers, Directors, Trustees, and Key Employees-$118,100-$118,100
Occupancy$68,475$13,974-$82,449
Other Expenses$43,255$65,358-$43,255
Office Expenses$17,253$5,751-$23,004
Advertising-$17,469-$17,469
Pension Plan Contributions$17,254--$17,254
Fees for Services Accounting-$11,961-$11,961
Interest-$10,844-$10,844
Total Functional Expenses$2,663,426$490,600$8,328$3,162,354

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,162,354
Total Expenses per Audited Statements$3,162,354
Total Expenses per Form 990$3,162,354
Expenses Not Reported on Financial Statements$0
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$31,119
Fundraising Direct Expenses$10,263
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$20,569$20,569$9,614$10,955
Christmas Show$4,534$4,534$141$4,393
Total Events$31,119$31,119$10,263$20,856
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 35% controlled entity
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
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
2020-12-09
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
111
Volunteers
0

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.”

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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/BOYAmt0171315
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0114022
IRS990/NetAssetsOrFundBalancesBOYAmt03424455
IRS990/NetAssetsOrFundBalancesEOYAmt03135509
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt07788
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt07788
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt020856
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt020856
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt011144
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt011144
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-7021
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03269937
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03002649
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt013974
IRS990/OccupancyGrp/ProgramServicesAmt068475
IRS990/OccupancyGrp/TotalAmt082449
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05751
IRS990/OfficeExpensesGrp/ProgramServicesAmt017253
IRS990/OfficeExpensesGrp/TotalAmt023004
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc2ATHLETIC PROGRAMS
IRS990/OtherExpensesGrp/Desc3ACTIVITIES AND FIELD TR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08018
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt165358
IRS990/OtherExpensesGrp/ProgramServicesAmt072162
IRS990/OtherExpensesGrp/ProgramServicesAmt160513
IRS990/OtherExpensesGrp/ProgramServicesAmt243255
IRS990/OtherExpensesGrp/TotalAmt080180
IRS990/OtherExpensesGrp/TotalAmt165358
IRS990/OtherExpensesGrp/TotalAmt260513
IRS990/OtherExpensesGrp/TotalAmt343255
IRS990/OtherRevenueMiscGrp/BusinessCd0611110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07444
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07444
IRS990/OtherRevenueTotalAmt07444
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08328
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0120000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01826332
IRS990/OtherSalariesAndWagesGrp/TotalAmt01954660
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0157739
IRS990/PayrollTaxesGrp/TotalAmt0157739
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt017254
IRS990/PensionPlanContributionsGrp/TotalAmt017254
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt083623
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt069500
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/RelatedOrExemptFuncIncomeAmt02575220
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1123200
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211825
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02575220
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1123200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211825
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0169650
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt010920
IRS990/PYOtherExpensesAmt0999422
IRS990/PYOtherRevenueAmt030923
IRS990/PYProgramServiceRevenueAmt02639104
IRS990/PYRevenuesLessExpensesAmt0-367127
IRS990/PYSalariesCompEmpBnftPaidAmt02218302
IRS990/PYTotalExpensesAmt03217724
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02850597
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-281925
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02729295
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/BoardDesignatedBalanceEOYPct00.83000
IRS990ScheduleD/BuildingsGrp/BookValueAmt02970817
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02781099
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05751916
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt01327
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0163461
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0160250
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt06000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt04116
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt01320
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0159162
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02013
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0163461
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt06571
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt010177
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt01295
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0152782
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt02928
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0159162
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt07266
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012013
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt01202
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0141830
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt03253
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0152782
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt09253
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018154
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt01279
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0150515
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0141830
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt06000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1406
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt049853
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0334785
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0384638
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03162354
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt055148
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt055148
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-7021
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05421
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0141985
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0147406
IRS990ScheduleD/RevenueNotReportedAmt0-7021
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02880429
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/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.17000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03081239
IRS990ScheduleD/TotalExpensesPerForm990Amt03162354
IRS990ScheduleD/TotalRevenuePerForm990Amt02880429
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02873408
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03162354
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
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WE INCLUDED OUR NON-DISCRIMINATORY POLICY WHEN WE ADVERTISED OUR OPEN-HOUSE, WANT ADS FOR TEACHER OPENINGS, AND IN ALL OTHER FUNDRAISING LETTER CAMPAIGNS TO THE GENERAL PUBLIC.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt010263

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,787,331
Liabilities
$651,822
Net assets
$3,135,509
Revenue
$2,880,429
Expenses
$3,162,354
Net income
-$281,925
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