Civic Intelligence

Hickory Christian Academy

990 • Fiscal year 2024 • EIN 56-1932672

Jul 01, 2023 to Jun 30, 2024 • Filed on Dec 17, 2024

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

59th percentile

0.36x

Higher debt load relative to assets than 59% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

74th percentile

0.66x

Higher debt load relative to revenue than 74% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Source year 2024

Net Margin

69th percentile

12%

Higher net margin than 69% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$137,805

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2024 filings • NTEE B • $5M-$10M nonprofits • Source year 2024

Asset Growth

89th percentile

61%

Faster asset growth than 89% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

15th percentile

-14%

Faster revenue growth than 15% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$8,391,412

Up $3,171,359 (+61%) from 2023

Net Assets

Up

$5,404,006

Up $566,259 (+12%) from 2023

Liabilities

Up

$2,987,406

Up $2,605,100 (+681%) from 2023

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin69th percentile

Revenue

Down

$4,513,086

Down $706,389 (-14%) from 2023

Expenses

Up

$3,966,204

Up $339,432 (+9.4%) from 2023

Net Income

Down

$546,882

Down $1,045,821 (-66%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth89th 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

2024

Assets$8,391,412
Liabilities$2,987,406
Net Assets$5,404,006
Open 2024 Filing

Operations Trend

Revenue Growth15th 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

2024

Revenue$4,513,086
Expenses$3,966,204
Net Income$546,882
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 17, 2024
Return Version
2023v5.1
Gross Receipts
$4,695,998
Mission and Program Overview

Mission

Education for grades k thru 12

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,573,657$6,397,952▲ $2,824,295
Cash and Non-Interest-Bearing Accounts$275,504$885,243▲ $609,739
Pledges and Grants Receivable$996,788$698,353▼ $298,435
Investments in Publicly Traded Securities$171,035$186,055▲ $15,020
Prepaid Expenses and Deferred Charges$84,393$94,035▲ $9,642
Accounts Receivable$64,571$86,452▲ $21,881
Intangible Assets$52,551$40,988▼ $11,563
Inventories for Sale or Use$1,554$2,334▲ $780
Total Assets$5,220,053$8,391,412▲ $3,171,359
Liabilities
Unsecured Notes Loans Payable-$2,278,493-
Accounts Payable and Accrued Expenses$35,669$502,420▲ $466,751
Deferred Revenue$294,086$165,505▼ $128,581
Other Liabilities$52,551$40,988▼ $11,563
Total Liabilities$382,306$2,987,406▲ $2,605,100
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,276,432$3,040,749▼ $235,683
Net Assets With Donor Restrictions$1,561,315$2,363,257▲ $801,942
Total Net Assets Fund Balance$4,837,747$5,404,006▲ $566,259
Total Liabilities and Net Assets / Fund Balance$5,220,053$8,391,412▲ $3,171,359

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,365,761$3,736,814$6,102,575
Other Land Buildings$3,276,822$147,406$3,424,228
Land$720,868-$720,868
Equipment$34,501$423,990$458,491

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$171,035-▲ $22,415-$186,055
2022$162,377-▲ $15,944-$171,035
2021$191,987-▼ $28,031-$162,377
2020$160,250-▲ $45,179-$191,987
2019$163,461-▲ $4,116-$160,250
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tracy RobinsonHeadmasterFT$137,805$137,805

Board Members and Trustees

NameTitle
Allen WilliamsChairman
Matt CrouseVice Chair
Adam YountBoard of Directors
Celia WhiteBoard of Directors
Gene ModlinBoard of Directors
Maria MasseyBoard of Directors
Nikki WallsBoard of Directors
Tim SwansonBoard of Directors
Crystal WimbishSecretary
Kirk WhitfieldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$923,739
Program Service Revenue
$3,541,460
Investment Income
$16,937
Other Revenue
$30,950
All Other Contributions
$923,739
Change in Net Assets
$546,882

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,513,086
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$19,377
Total Revenue per Audited Statements
$4,532,463
Total Revenue per Form 990
$4,513,086
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,758,540
Other Expenses$1,207,664
Total Fundraising Expense$5,601
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$2,249,991$276,205$5,159$2,531,355
Depreciation Depletion$204,261$68,087-$272,348
Payroll Taxes$202,553$24,190$442$227,185
All Other Expenses$130,814$55,324-$186,138
Occupancy$117,970$22,215-$140,185
Insurance$60,802$6,756-$67,558
Other Expenses$63,090$15,264-$63,090
Interest-$47,979-$47,979
Fees for Services Accounting-$12,500-$12,500
Office Expenses$9,324$3,108-$12,432
Advertising-$7,332-$7,332
Total Functional Expenses$3,405,204$555,399$5,601$3,966,204

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,966,204
Total Expenses per Audited Statements$3,966,204
Total Expenses per Form 990$3,966,204
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$40,572
Fundraising Direct Expenses$9,622
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$37,795$37,795$9,622$28,173
Christmas Show$2,777$2,777-$2,777
Total Events$40,572$40,572$9,622$30,950
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$40,988
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
2024-12-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tracy Robinson
Formed
1995
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
107
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.”

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IRS990/InventoriesForSaleOrUseGrp/BOYAmt01554
IRS990/InventoriesForSaleOrUseGrp/EOYAmt02334
IRS990/InvestmentIncomeGrp/ExclusionAmt018676
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt018676
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0171035
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0186055
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04308210
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03573657
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06397952
IRS990/LandBldgEquipCostOrOtherBssAmt010706162
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0173290
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/NetAssetsOrFundBalancesBOYAmt04837747
IRS990/NetAssetsOrFundBalancesEOYAmt05404006
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1739
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1739
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt030950
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt030950
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt019377
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03276432
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03040749
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt022215
IRS990/OccupancyGrp/ProgramServicesAmt0117970
IRS990/OccupancyGrp/TotalAmt0140185
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03108
IRS990/OfficeExpensesGrp/ProgramServicesAmt09324
IRS990/OfficeExpensesGrp/TotalAmt012432
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1CAPITAL OUTLAY/MISCELLA
IRS990/OtherExpensesGrp/Desc2ATHLETIC PROGRAMS
IRS990/OtherExpensesGrp/Desc3ACTIVITIES AND FIELD TR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt016439
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt115264
IRS990/OtherExpensesGrp/ProgramServicesAmt0147950
IRS990/OtherExpensesGrp/ProgramServicesAmt1146661
IRS990/OtherExpensesGrp/ProgramServicesAmt271788
IRS990/OtherExpensesGrp/ProgramServicesAmt363090
IRS990/OtherExpensesGrp/TotalAmt0164389
IRS990/OtherExpensesGrp/TotalAmt1161925
IRS990/OtherExpensesGrp/TotalAmt271788
IRS990/OtherExpensesGrp/TotalAmt363090
IRS990/OtherLiabilitiesGrp/BOYAmt052551
IRS990/OtherLiabilitiesGrp/EOYAmt040988
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0442
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt024190
IRS990/PayrollTaxesGrp/ProgramServicesAmt0202553
IRS990/PayrollTaxesGrp/TotalAmt0227185
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0996788
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0698353
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt084393
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt094035
IRS990/PrincipalOfficerNm0TRACY ROBINSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/BusinessCd3611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1REGISTRATION FEE
IRS990/ProgramServiceRevenueGrp/Desc2ACTIVITY FEES
IRS990/ProgramServiceRevenueGrp/Desc3BOOSTER CLUB INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03348366
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1149758
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt243261
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt375
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03348366
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1149758
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt243261
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt375
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01919416
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05686
IRS990/PYOtherExpensesAmt01064507
IRS990/PYOtherRevenueAmt05486
IRS990/PYProgramServiceRevenueAmt03288887
IRS990/PYRevenuesLessExpensesAmt01592703
IRS990/PYSalariesCompEmpBnftPaidAmt02562265
IRS990/PYTotalExpensesAmt03626772
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05219475
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0546882
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03541460
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/BoardDesignatedBalanceEOYPct00.81000
IRS990ScheduleD/BuildingsGrp/BookValueAmt02365761
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03736814
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06102575
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt01395
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0171035
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0186055
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt06000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt022415
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt01286
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0162377
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0171035
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt06000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt015944
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt01579
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0191987
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0162377
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-28031
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt01442
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0160250
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0191987
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt012000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt045179
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt01327
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0163461
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0160250
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt06000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04116
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt034501
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0423990
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0458491
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03966204
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0720868
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0720868
IRS990ScheduleD/NetUnrealizedGainsInvstAmt019377
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03276822
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0147406
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03424228
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt040988
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.19000
IRS990ScheduleD/RevenueNotReportedAmt019377
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04513086
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/TotalBookValueLandBuildingsAmt06397952
IRS990ScheduleD/TotalExpensesPerForm990Amt03966204
IRS990ScheduleD/TotalLiabilityAmt040988
IRS990ScheduleD/TotalRevenuePerForm990Amt04513086
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04532463
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03966204
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

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,391,412
Liabilities
$2,987,406
Net assets
$5,404,006
Revenue
$4,513,086
Expenses
$3,966,204
Net income
$546,882
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