Civic Intelligence

Dillard Academy Inc.

990 • Fiscal year 2018 • EIN 56-2069173

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 12, 2019

P O Box 1188Goldsboro, NC 27533

(919) 735-1170

Siviq Scores

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

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

25th percentile

0.01x

Higher debt load relative to revenue than 25% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Net Margin

62nd percentile

8.8%

Higher net margin than 62% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

54th percentile

$73,933

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Asset Growth

80th percentile

27%

Faster asset growth than 80% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

48th percentile

3.9%

Faster revenue growth than 48% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,464,410

Up $307,412 (+27%) from 2017

Net Assets

Up

$1,435,427

Up $283,913 (+25%) from 2017

Liabilities

Up

$28,983

Up $23,499 (+429%) from 2017

Revenue

Up

$3,210,353

Up $119,550 (+3.9%) from 2017

Expenses

Up

$2,926,440

Up $101,692 (+3.6%) from 2017

Net Income

Up

$283,913

Up $17,858 (+6.7%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $441,205Liabilities 2011: $15,996Net Assets 2011: $425,2092011Assets 2012: $520,334Liabilities 2012: $7,544Net Assets 2012: $512,7902012Assets 2013: $683,581Liabilities 2013: $10,254Net Assets 2013: $673,3272013Assets 2014: $807,839Liabilities 2014: $50,563Net Assets 2014: $757,2762014Assets 2015: $925,481Liabilities 2015: $19,391Net Assets 2015: $906,0902015Assets 2016: $894,102Liabilities 2016: $8,643Net Assets 2016: $885,4592016Assets 2017: $1,156,998Liabilities 2017: $5,484Net Assets 2017: $1,151,5142017Assets 2018: $1,464,410Liabilities 2018: $28,983Net Assets 2018: $1,435,4272018Assets 2019: $1,686,865Liabilities 2019: $9,910Net Assets 2019: $1,676,9552019Assets 2020: $1,709,583Liabilities 2020: $35,239Net Assets 2020: $1,674,3442020Assets 2021: $1,926,915Liabilities 2021: $30,741Net Assets 2021: $1,896,1742021Assets 2022: $2,101,416Liabilities 2022: $19,636Net Assets 2022: $2,081,7802022Assets 2023: $2,330,734Liabilities 2023: $15,879Net Assets 2023: $2,314,8552023Assets 2024: $2,643,668Liabilities 2024: $24,427Net Assets 2024: $2,619,2412024Assets 2025: $3,430,190Liabilities 2025: $28,865Net Assets 2025: $3,401,3252025

Highlighted filing

2018

Assets$1,464,410
Liabilities$28,983
Net Assets$1,435,427

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,838,6132011Revenue 2012: $2,524,038Expenses 2012: $2,436,457Net Income 2012: $87,5812012Expenses 2013: $2,354,6902013Revenue 2014: $2,711,546Expenses 2014: $2,627,597Net Income 2014: $83,9492014Revenue 2015: $2,567,953Expenses 2015: $2,419,139Net Income 2015: $148,8142015Revenue 2016: $2,631,692Expenses 2016: $2,652,323Net Income 2016: -$20,6312016Revenue 2017: $3,090,803Expenses 2017: $2,824,748Net Income 2017: $266,0552017Revenue 2018: $3,210,353Expenses 2018: $2,926,440Net Income 2018: $283,9132018Revenue 2019: $3,252,905Expenses 2019: $3,011,377Net Income 2019: $241,5282019Revenue 2020: $2,810,432Expenses 2020: $2,813,043Net Income 2020: -$2,6112020Revenue 2021: $2,897,066Expenses 2021: $2,675,236Net Income 2021: $221,8302021Revenue 2022: $3,509,723Expenses 2022: $3,324,117Net Income 2022: $185,6062022Revenue 2023: $3,421,544Expenses 2023: $3,188,469Net Income 2023: $233,0752023Revenue 2024: $3,182,400Expenses 2024: $2,878,014Net Income 2024: $304,3862024Revenue 2025: $4,136,675Expenses 2025: $3,354,591Net Income 2025: $782,0842025

Highlighted filing

2018

Revenue$3,210,353
Expenses$2,926,440
Net Income$283,913
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 12, 2019
Return Version
2017v2.2
Gross Receipts
$3,210,353
Mission and Program Overview

Mission

Operate a charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$855,918$1,204,252▲ $348,334
Cash and Non-Interest-Bearing Accounts$171,598$240,860▲ $69,262
Accounts Receivable$118,510$14,576▼ $103,934
Prepaid Expenses and Deferred Charges$10,972$4,722▼ $6,250
Total Assets$1,156,998$1,464,410▲ $307,412
Liabilities
Accounts Payable and Accrued Expenses$5,484$28,983▲ $23,499
Total Liabilities$5,484$28,983▲ $23,499
Net Assets / Fund Balance
Temporarily Rstr Net Assets$855,918$1,204,252▲ $348,334
Unrestricted Net Assets$295,596$231,175▼ $64,421
Total Net Assets Fund Balance$1,151,514$1,435,427▲ $283,913
Total Liabilities and Net Assets / Fund Balance$1,156,998$1,464,410▲ $307,412

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,141,334$132,752$1,274,086
Equipment$29,141$181,268$210,409
Land$33,777-$33,777
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hilda HicksExecutive DirectorFT$73,933$73,933

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$3,097,278
Program Service Revenue
$45,819
Investment Income
$0
Other Revenue
$67,256
All Other Contributions
$8,848
Change in Net Assets
$283,913

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,210,353
Total Revenue per Audited Statements
$3,210,353
Total Revenue per Form 990
$3,210,353
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,965,759
Other Expenses$960,681
Total Fundraising Expense$5,827
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,226,775$318,167$0$1,544,942
All Other Expenses$93,327$106,070$0$199,397
Other Employee Benefits$167,206$29,993$0$197,199
Other Expenses$132,163$12,385$5,827$150,375
Payroll Taxes$100,729$22,171$0$122,900
Office Expenses$31,405$55,774$0$87,179
Current Officers, Directors, Trustees, and Key Employees$73,933$0$0$73,933
Occupancy$0$60,644$0$60,644
Insurance$0$45,276$0$45,276
Depreciation Depletion$3,630$29,391$0$33,021
Pension Plan Contributions$23,593$3,192$0$26,785
Conferences and Meetings$25,082$0$0$25,082
Information Technology$14,592$0$0$14,592
Fees for Services Accounting$0$8,600$0$8,600
Advertising$0$1,328$0$1,328
Travel$313$0$0$313
Total Functional Expenses$1,921,157$999,456$5,827$2,926,440

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,926,440
Total Expenses per Audited Statements$2,926,440
Total Expenses per Form 990$2,926,440
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
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
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
Filing and Contact Details

Filer

Filer Name
Dillard Academy Inc
EIN
56-2069173
Phone
9197351170
Address
P O Box 1188, Goldsboro, NC 27533

Signing Officer

Name
John Stokes
Title
Chair
Phone
9197351170
Signed
2019-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Stokes
Formed
1998
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
83
Volunteers
46

Preparer

Firm
Darrell L Keller CPA PA
Address
PO Box 1028, Kings Mountain, NC 28086
Preparer
Darrell L Keller
Phone
7047390771
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 is reviewed by the board prior to filing.

Pt VI, Line 12C

Conflict of Interest statements are signed annually.

Pt VI, Line 15A

Compared to other charter schools.

Form 990EZ, Part II, Line 26

Cash Overdraft

Form 990EZ, Part II, Line 26

Payroll Taxes Payable

Form 990, Part IX, Line 24E

Repairs/Maintenance 67906. 0. 67906. 0.

Form 990, Part IX, Line 24E

Non-Cap Equip & Leases 91627. 83679. 7948. 0.

Form 990, Part IX, Line 24E

Gas/Fuel 29493. 0. 29493. 0.

Form 990, Part IX, Line 24E

Other 10371. 9648. 723. 0.

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IRS990/PayrollTaxesGrp/ProgramServicesAmt0100729
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IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03192
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt023593
IRS990/PensionPlanContributionsGrp/TotalAmt026785
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010972
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04722
IRS990/PrincipalOfficerNm0JOHN STOKES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Child Care Fees
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt045819
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03010191
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0953757
IRS990/PYOtherRevenueAmt045363
IRS990/PYProgramServiceRevenueAmt035249
IRS990/PYRevenuesLessExpensesAmt0266055
IRS990/PYSalariesCompEmpBnftPaidAmt01870991
IRS990/PYTotalExpensesAmt02824748
IRS990/PYTotalRevenueAmt03090803
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0283913
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03210353
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01141334
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0132752
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01274086
IRS990ScheduleD/EquipmentGrp/BookValueAmt029141
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0181268
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0210409
IRS990ScheduleD/ExpensesSubtotalAmt02926440
IRS990ScheduleD/LandGrp/BookValueAmt033777
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt033777
IRS990ScheduleD/RevenueSubtotalAmt03210353
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01204252
IRS990ScheduleD/TotalExpensesPerForm990Amt02926440
IRS990ScheduleD/TotalRevenuePerForm990Amt03210353
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03210353
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02926440
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0POLICY IS INCLUDED IN STATEMENT OF PURPOSE. N/A
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1N/A
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is reviewed by the board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of Interest statements are signed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compared to other charter schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Cash Overdraft
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Payroll Taxes Payable
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Repairs/Maintenance 67906. 0. 67906. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Non-Cap Equip & Leases 91627. 83679. 7948. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Gas/Fuel 29493. 0. 29493. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Other 10371. 9648. 723. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0855918
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01204252
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01156998
IRS990/TotalAssetsEOYAmt01464410
IRS990/TotalAssetsGrp/BOYAmt01156998
IRS990/TotalAssetsGrp/EOYAmt01464410
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03097278
IRS990/TotalEmployeeCnt083
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05827
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0999456
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01921157
IRS990/TotalFunctionalExpensesGrp/TotalAmt02926440
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05484
IRS990/TotalLiabilitiesEOYAmt028983
IRS990/TotalLiabilitiesGrp/BOYAmt05484
IRS990/TotalLiabilitiesGrp/EOYAmt028983
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01151514
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01435427
IRS990/TotalProgramServiceExpensesAmt01921157
IRS990/TotalProgramServiceRevenueAmt045819
IRS990/TotalReportableCompFromOrgAmt073933
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0113075
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03210353
IRS990/TotalVolunteersCnt046
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01156998
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01464410
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt0313

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.43$0.03$3.40$4.14$3.35$0.78
2024Detailed filing. Detailed filing data is available for this year.$2.64$0.02$2.62$3.18$2.88$0.30
2023Detailed filing. Detailed filing data is available for this year.$2.33$0.02$2.31$3.42$3.19$0.23
2022Detailed filing. Detailed filing data is available for this year.$2.10$0.02$2.08$3.51$3.32$0.19
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$0.03$1.90$2.90$2.68$0.22
2020Detailed filing. Detailed filing data is available for this year.$1.71$0.04$1.67$2.81$2.81$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.69$0.01$1.68$3.25$3.01$0.24
2018Detailed filing. Detailed filing data is available for this year.$1.46$0.03$1.44$3.21$2.93$0.28
2017Detailed filing. Detailed filing data is available for this year.$1.16$0.01$1.15$3.09$2.82$0.27
2016Detailed filing. Detailed filing data is available for this year.$0.89$0.01$0.89$2.63$2.65$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.93$0.02$0.91$2.57$2.42$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.81$0.05$0.76$2.71$2.63$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.01$0.67$2.35
2012Summary only. Only limited summary data is available for this year.$0.52$0.01$0.51$2.52$2.44$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.02$0.43$1.84