Civic Intelligence

Thomas Jefferson Classical Academy

990 • Fiscal year 2016 • EIN 56-2123336

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 27, 2017

2527 US Highway 221AMooresboro, NC 28114

(828) 657-9998

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.04x

Higher debt load relative to assets than 23% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

12th percentile

0.01x

Higher debt load relative to revenue than 12% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Net Margin

49th percentile

2.7%

Higher net margin than 49% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Asset Growth

63rd percentile

9.2%

Faster asset growth than 63% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

46th percentile

3.4%

Faster revenue growth than 46% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$3,617,011

Up $305,082 (+9.2%) from 2015

Net Assets

Up

$3,469,877

Up $271,839 (+8.5%) from 2015

Liabilities

Up

$147,134

Up $33,243 (+29%) from 2015

Revenue

Up

$9,983,723

Up $323,779 (+3.4%) from 2015

Expenses

Up

$9,711,884

Up $185,546 (+1.9%) from 2015

Net Income

Up

$271,839

Up $138,233 (+103%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $1,938,745Liabilities 2011: $211,608Net Assets 2011: $1,727,1372011Assets 2012: $2,851,508Liabilities 2012: $129,863Net Assets 2012: $2,721,6452012Assets 2013: $2,912,018Liabilities 2013: $110,334Net Assets 2013: $2,801,6842013Assets 2014: $3,102,018Liabilities 2014: $37,586Net Assets 2014: $3,064,4322014Assets 2015: $3,311,929Liabilities 2015: $113,891Net Assets 2015: $3,198,0382015Assets 2016: $3,617,011Liabilities 2016: $147,134Net Assets 2016: $3,469,8772016Assets 2017: $3,860,205Liabilities 2017: $50,274Net Assets 2017: $3,809,9312017Assets 2018: $3,664,723Liabilities 2018: $27,616Net Assets 2018: $3,637,1072018Assets 2019: $4,041,621Liabilities 2019: $179,002Net Assets 2019: $3,862,6192019Assets 2020: $5,520,586Liabilities 2020: $559,186Net Assets 2020: $4,961,4002020Assets 2021: $5,267,740Liabilities 2021: $180,888Net Assets 2021: $5,086,8522021Assets 2022: $5,561,698Liabilities 2022: $212,468Net Assets 2022: $5,349,2302022Assets 2023: $6,740,709Liabilities 2023: $640,904Net Assets 2023: $6,099,8052023Assets 2024: $9,501,488Liabilities 2024: $447,675Net Assets 2024: $9,053,8132024

Highlighted filing

2016

Assets$3,617,011
Liabilities$147,134
Net Assets$3,469,877

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $8,280,0342011Revenue 2012: $9,663,682Expenses 2012: $8,669,174Net Income 2012: $994,5082012Expenses 2013: $8,836,1352013Revenue 2014: $9,446,592Expenses 2014: $9,183,844Net Income 2014: $262,7482014Revenue 2015: $9,659,944Expenses 2015: $9,526,338Net Income 2015: $133,6062015Revenue 2016: $9,983,723Expenses 2016: $9,711,884Net Income 2016: $271,8392016Revenue 2017: $10,448,637Expenses 2017: $10,108,583Net Income 2017: $340,0542017Revenue 2018: $10,550,667Expenses 2018: $10,723,491Net Income 2018: -$172,8242018Revenue 2019: $11,484,349Expenses 2019: $11,258,837Net Income 2019: $225,5122019Revenue 2020: $12,081,573Expenses 2020: $10,982,792Net Income 2020: $1,098,7812020Revenue 2021: $12,040,178Expenses 2021: $11,914,726Net Income 2021: $125,4522021Revenue 2022: $13,975,505Expenses 2022: $13,713,127Net Income 2022: $262,3782022Revenue 2023: $15,246,898Expenses 2023: $14,496,323Net Income 2023: $750,5752023Revenue 2024: $15,845,305Expenses 2024: $12,891,297Net Income 2024: $2,954,0082024

Highlighted filing

2016

Revenue$9,983,723
Expenses$9,711,884
Net Income$271,839
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 27, 2017
Return Version
2015v3.0
Gross Receipts
$9,983,723
Mission and Program Overview

Mission

Operate a charter school in NC

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,011,660$2,262,692▲ $251,032
Rtn Earn Endowment Incm Other Fnds$1,915,922$2,240,627▲ $324,705
Land, Buildings, and Equipment, Net$1,282,116$1,229,250▼ $52,866
Pd in Cap Srpls Land Bldg Eqp Fund$1,282,116$1,229,250▼ $52,866
Accounts Receivable$16,869$123,662▲ $106,793
Prepaid Expenses and Deferred Charges$1,284$1,407▲ $123
Total Assets$3,311,929$3,617,011▲ $305,082
Liabilities
Accounts Payable and Accrued Expenses$76,666$109,555▲ $32,889
Deferred Revenue$37,225$37,579▲ $354
Total Liabilities$113,891$147,134▲ $33,243
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,198,038$3,469,877▲ $271,839
Total Liabilities and Net Assets / Fund Balance$3,311,929$3,617,011▲ $305,082

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$856,272$320,702-
Land$70,000--
Equipment$154,900$1,318,539-
Leasehold Improvements$148,078$47,653-
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$9,164,875
Program Service Revenue
$339,311
Investment Income
$0
Other Revenue
$479,537
All Other Contributions
$183,471
Change in Net Assets
$271,839

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,983,723
Total Revenue per Audited Statements
$9,983,723
Total Revenue per Form 990
$9,983,723
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,751,539
Other Expenses$2,960,345
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,795,294$548,566$0$5,343,860
Occupancy$0$1,021,238$0$1,021,238
Other Employee Benefits$656,692$77,153$0$733,845
All Other Expenses$194,771$248,165$0$442,936
Payroll Taxes$378,898$44,012$0$422,910
Pension Plan Contributions$237,796$13,128$0$250,924
Depreciation Depletion$130,837$69,275$0$200,112
Office Expenses$83,527$13,971$0$97,498
Other Expenses$73,012$0$0$73,012
Insurance$0$54,097$0$54,097
Conferences and Meetings$43,048$0$0$43,048
Fees for Services Legal$0$27,547$0$27,547
Information Technology$26,868$0$0$26,868
Fees for Services Accounting$0$19,000$0$19,000
Advertising$0$10,021$0$10,021
Travel$6,124$0$0$6,124
Total Functional Expenses$7,299,737$2,412,147$0$9,711,884

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,711,884
Total Expenses per Audited Statements$9,711,884
Total Expenses per Form 990$9,711,884
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
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
Yes
Other officer compensation reviewed
Yes
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
Thomas Jefferson Classical Academy
EIN
56-2123336
Phone
8286579998
Address
2527 US Highway 221A, Mooresboro, NC 28114

Signing Officer

Name
Joe Maimone
Title
Headmaster
Phone
8286579998
Signed
2017-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Maimone
Formed
1999
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
207
Volunteers
150

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

Board reviews Form 990 prior to filing.

Pt VI, Line 12C

Conflict of Interest statements are signed annually.

Pt VI, Line 15A

Compared to other charter schools.

Pt VI, Line 15B

Compared to other charter schools.

Form 990, Part IX, Line 24E

Other 18708. 12160. 6548. 0.

Form 990, Part IX, Line 24E

Food Service 168101. 0. 168101. 0.

Form 990, Part IX, Line 24E

Field Trips 182611. 182611. 0. 0.

Form 990, Part IX, Line 24E

Repairs and Maintenance 73516. 0. 73516. 0.

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IRS990/OtherExpensesGrp/ProgramServicesAmt373012
IRS990/OtherExpensesGrp/TotalAmt0428103
IRS990/OtherExpensesGrp/TotalAmt1473239
IRS990/OtherExpensesGrp/TotalAmt237502
IRS990/OtherExpensesGrp/TotalAmt373012
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0School Activities
IRS990/OtherRevenueMiscGrp/Desc1Others
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0435338
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt129268
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0435338
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt129268
IRS990/OtherRevenueTotalAmt0479537
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0548566
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04795294
IRS990/OtherSalariesAndWagesGrp/TotalAmt05343860
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt044012
IRS990/PayrollTaxesGrp/ProgramServicesAmt0378898
IRS990/PayrollTaxesGrp/TotalAmt0422910
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01282116
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01229250
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt013128
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0237796
IRS990/PensionPlanContributionsGrp/TotalAmt0250924
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01284
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01407
IRS990/PrincipalOfficerNm0JOE MAIMONE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0School Food Service
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0339311
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt08880123
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt02986160
IRS990/PYOtherRevenueAmt0467699
IRS990/PYProgramServiceRevenueAmt0312122
IRS990/PYRevenuesLessExpensesAmt0133606
IRS990/PYSalariesCompEmpBnftPaidAmt06540178
IRS990/PYTotalExpensesAmt09526338
IRS990/PYTotalRevenueAmt09659944
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0271839
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt09983723
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01915922
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02240627
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0856272
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0320702
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01176974
IRS990ScheduleD/EquipmentGrp/BookValueAmt0154900
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01318539
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01473439
IRS990ScheduleD/ExpensesSubtotalAmt09711884
IRS990ScheduleD/LandGrp/BookValueAmt070000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt070000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0148078
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt047653
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0195731
IRS990ScheduleD/RevenueSubtotalAmt09983723
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01229250
IRS990ScheduleD/TotalExpensesPerForm990Amt09711884
IRS990ScheduleD/TotalRevenuePerForm990Amt09983723
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09983723
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09711884
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/ExplanationTxt0Board reviews Form 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of Interest statements are signed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compared to other charter schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compared to other charter schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Other 18708. 12160. 6548. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Food Service 168101. 0. 168101. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Field Trips 182611. 182611. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Repairs and Maintenance 73516. 0. 73516. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Common Board
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Thomas Jefferson Comm Ed
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0562123336
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Fudnraising and real estate
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Yes
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02527 US Hwy 221a
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Mooresboro

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.50$0.45$9.05$15.8$12.9$2.95
2023Detailed filing. Detailed filing data is available for this year.$6.74$0.64$6.10$15.2$14.5$0.75
2022Detailed filing. Detailed filing data is available for this year.$5.56$0.21$5.35$14.0$13.7$0.26
2021Detailed filing. Detailed filing data is available for this year.$5.27$0.18$5.09$12.0$11.9$0.13
2020Detailed filing. Detailed filing data is available for this year.$5.52$0.56$4.96$12.1$11.0$1.10
2019Detailed filing. Detailed filing data is available for this year.$4.04$0.18$3.86$11.5$11.3$0.23
2018Detailed filing. Detailed filing data is available for this year.$3.66$0.03$3.64$10.6$10.7$0.17
2017Detailed filing. Detailed filing data is available for this year.$3.86$0.05$3.81$10.4$10.1$0.34
2016Detailed filing. Detailed filing data is available for this year.$3.62$0.15$3.47$9.98$9.71$0.27
2015Detailed filing. Detailed filing data is available for this year.$3.31$0.11$3.20$9.66$9.53$0.13
2014Detailed filing. Detailed filing data is available for this year.$3.10$0.04$3.06$9.45$9.18$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.91$0.11$2.80$8.84
2012Summary only. Only limited summary data is available for this year.$2.85$0.13$2.72$9.66$8.67$0.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.21$1.73$8.28