Civic Intelligence

Winston-Salem Academy Inc.

990 • Fiscal year 2013 • EIN 56-2108610

Jul 01, 2012 to Jun 30, 2013 • Filed on Jan 31, 2014

Organization ProfileWWW.NHASCHOOLS.COM
5426 Shattalon DriveSuite27106-0000
Siviq Scores

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

Liabilities / Assets

57th percentile

0.35x

Higher debt load relative to assets than 57% of similar nonprofits.

2013 filings • NTEE B • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

5th percentile

-17%

Faster asset growth than 5% of similar nonprofits.

2013 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$53,563

Down $10,737 (-17%) from 2012

Net Assets

Up

$34,961

Up $5,859 (+20%) from 2012

Liabilities

Down

$18,602

Down $16,596 (-47%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$5,793,953

Up $272,162 (+4.9%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $828,632Liabilities 2011: $804,337Net Assets 2011: $24,2952011Assets 2012: $64,300Liabilities 2012: $35,198Net Assets 2012: $29,1022012Assets 2013: $53,563Liabilities 2013: $18,602Net Assets 2013: $34,9612013Assets 2014: $475,477Liabilities 2014: $452,210Net Assets 2014: $23,2672014Assets 2015: $292,504Liabilities 2015: $274,081Net Assets 2015: $18,4232015Assets 2016: $172,578Liabilities 2016: $156,924Net Assets 2016: $15,6542016Assets 2017: $170,675Liabilities 2017: $148,555Net Assets 2017: $22,1202017Assets 2018: $209,276Liabilities 2018: $185,476Net Assets 2018: $23,8002018Assets 2019: $328,153Liabilities 2019: $298,097Net Assets 2019: $30,0562019Assets 2020: $628,269Liabilities 2020: $576,819Net Assets 2020: $51,4502020Assets 2021: $985,423Liabilities 2021: $913,620Net Assets 2021: $71,8032021Assets 2022: $1,250,312Liabilities 2022: $1,119,431Net Assets 2022: $130,8812022Assets 2023: $2,046,755Liabilities 2023: $1,870,832Net Assets 2023: $175,9232023Assets 2024: $2,321,816Liabilities 2024: $2,090,750Net Assets 2024: $231,0662024

Highlighted filing

2013

Assets$53,563
Liabilities$18,602
Net Assets$34,961
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0-$5.0MRevenue 2011: $5,671,170Expenses 2011: $5,677,645Net Income 2011: -$6,4752011Revenue 2012: $5,526,598Expenses 2012: $5,521,791Net Income 2012: $4,8072012Expenses 2013: $5,793,9532013Revenue 2014: $5,882,305Expenses 2014: $5,893,999Net Income 2014: -$11,6942014Revenue 2015: $6,181,822Expenses 2015: $6,186,666Net Income 2015: -$4,8442015Revenue 2016: $6,102,771Expenses 2016: $6,105,540Net Income 2016: -$2,7692016Revenue 2017: $5,778,181Expenses 2017: $5,771,715Net Income 2017: $6,4662017Revenue 2018: $6,360,072Expenses 2018: $6,358,392Net Income 2018: $1,6802018Revenue 2019: $6,516,308Expenses 2019: $6,510,052Net Income 2019: $6,2562019Revenue 2020: $6,893,617Expenses 2020: $6,872,223Net Income 2020: $21,3942020Revenue 2021: $7,957,600Expenses 2021: $7,937,247Net Income 2021: $20,3532021Revenue 2022: $8,699,617Expenses 2022: $8,640,539Net Income 2022: $59,0782022Revenue 2023: $9,447,693Expenses 2023: $9,402,651Net Income 2023: $45,0422023Revenue 2024: $9,461,137Expenses 2024: $9,405,994Net Income 2024: $55,1432024

Highlighted filing

2013

Revenue-
Expenses$5,793,953
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Jan 31, 2014
Return Version
2012v2.3
Gross Receipts
$5,799,812
Mission and Program Overview

Mission

To operate a public school academy and to provide education to children in grades kindergarten through eighth grade based on rigorous teaching methods, parental involvement, student responsibility, and basic moral values. Enrollment is open to all appropriately aged children without regard to gender, ethnic background, disability, and/or religious affiliation.

Major Activities

Activity 2
Operated a school food service program at the public school academy described above. The academy offers free or reduced lunch for families that qualify. Funding for this program was provided by the usda food and nutrition service, in the amount of $178,257.
Filing and Contact Details

Filer

EIN
56-2108610
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS DISCLOSED ON ALL STUDENT APPLICATIONS AND PUBLISHED WITH OPEN ENROLLMENT ADVERTISEMENTS IN LOCAL NEWSPAPERS. THE NOTICE OF ITS RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED ANNUALLY DURING THE PERIOD PRIOR TO THE SCHOOLS SOLICITATION IN LOCAL NEWSPAPERS WHICH ARE AVAILABLE FOR CIRCULATION TO ALL SEGMENTS OF THE COMMUNITY. THE PARTICULARS AS TO COLUMN SIZE, PRINT, AND TYPE SPECIFIED BY THE IRS ARE MET OR EXCEEDED.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1THE ACADEMY RECEIVES SUPPORT GRANTS FROM FEDERAL, STATE AND LOCAL AGENCIES.
IRS990ScheduleE/Form990ScheduleEPartII/Identifier0SCHEDULE E, PART I, LINE 3:
IRS990ScheduleE/Form990ScheduleEPartII/Identifier1SCHEDULE E, PART I, LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID:
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IRS990ScheduleO/GeneralExplanation/Explanation0THE BOARD OF DIRECTORS OF THE ACADEMY HAS ENTERED INTO A MANAGEMENT AGREEMENT ("THE AGREEMENT") WITH NATIONAL HERITAGE ACADEMIES, INC. ("NHA") FOR THE PROVISION OF ALL EDUCATIONAL, MANAGEMENT AND BUSINESS SERVICES RELATED TO THE OPERATION OF THE ACADEMY. THE AGREEMENT WAS SUBMITTED TO AND APPROVED BY THE NORTH CAROLINA DEPARTMENT OF PUBLIC INSTRUCTION AS PART OF THE CHARTERING PROCESS. PURSUANT TO THE TERMS OF THE AGREEMENT, NHA RECEIVES ALL REVENUE ALLOCATED TO THE ACADEMY AS ITS MANAGEMENT FEE, FROM WHICH IT PROVIDES ITS COMPREHENSIVE EDUCATIONAL MANAGEMENT SERVICES AS SPECIFIED IN THE AGREEMENT AND REQUIRED UNDER THE ACADEMY'S CHARTER (I.E., ALL OF THE OPERATING COSTS OF THE ACADEMY IDENTIFIED IN THE BUDGET APPROVED BY THE ACADEMY'S BOARD). THE FUNCTIONAL EXPENSES REPORTED IN PART IX ARE THE EXPENSES PAID FROM THE FUNDS REMITTED UNDER THE NHA MANAGEMENT AGREEMENT. IN THE EVENT EXPENSES EXCEED REVENUES, NHA COVERS THE SHORTFALL WITH AN IN-KIND CONTRIBUTION. THIS AGREEMENT HAS BEEN APPROVED BY THE NORTH CAROLINA DEPARTMENT OF PUBLIC INSTRUCTION DURING THE ACADEMY'S CHARTER PROCESS AS WELL AS THE INTERNAL REVENUE SERVICE DURING THE ACADEMY'S EXEMPTION APPLICATION PROCESS.
IRS990ScheduleO/GeneralExplanation/Explanation1A DRAFT COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS IN A PACKAGE OF MATERIALS FOR BOARD REVIEW PRIOR TO THE SCHEDULED BOARD MEETING THAT WAS HELD BEFORE THE FILING OF THIS RETURN.
IRS990ScheduleO/GeneralExplanation/Explanation2THE ACADEMY'S BYLAWS REQUIRE THAT ANY DIRECTOR, OFFICER, KEY EMPLOYEE OR COMMITTEE MEMBER WHO HAS A CONFLICT OF INTEREST MUST PROMPTLY NOTIFY THE BOARD OF THE CONFLICT AND THE CONFLICT WILL BE DULY NOTED IN THE BOARD OF DIRECTOR MEETING MINUTES. THE PERSON WITH THE CONFLICT WILL BE EXCLUDED FROM ANY FUTURE DECISION MAKING ON THIS ISSUE. THE BOARD MAY TAKE FORMAL, CORRECTIVE AND DISCIPLINARY ACTIONS IF PROPER DISCLOSURE OF CONFLICTS OF INTEREST ARE NOT MADE.
IRS990ScheduleO/GeneralExplanation/Explanation3DOCUMENTS APPROVED BY THE BOARD OF DIRECTORS, INCLUDING THE ACADEMY'S FINANCIAL STATEMENTS, ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Identifier0FORM 990, PART VI, LINE 3:
IRS990ScheduleO/GeneralExplanation/Identifier1FORM 990, PART VI, LINE 11B:
IRS990ScheduleO/GeneralExplanation/Identifier2FORM 990, PART VI, LINE 12C:
IRS990ScheduleO/GeneralExplanation/Identifier3FORM 990, PART VI, LINE 19:
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Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$53,563
Liabilities
$18,602
Net assets
$34,961
Revenue
-
Expenses
$5,793,953
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.32$2.09$0.23$9.46$9.41$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.05$1.87$0.18$9.45$9.40$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.25$1.12$0.13$8.70$8.64$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.99$0.91$0.07$7.96$7.94$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.63$0.58$0.05$6.89$6.87$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.33$0.30$0.03$6.52$6.51$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.21$0.19$0.02$6.36$6.36$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.17$0.15$0.02$5.78$5.77$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.17$0.16$0.02$6.10$6.11$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.27$0.02$6.18$6.19$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.48$0.45$0.02$5.88$5.89$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.02$0.03$5.79
2012Summary only. Only limited summary data is available for this year.$0.06$0.04$0.03$5.53$5.52$0.00
2011Summary only. Only limited summary data is available for this year.$0.83$0.80$0.02$5.67$5.68$0.01