Civic Intelligence

Thomas Jefferson Classical Academy

990 • Fiscal year 2019 • EIN 56-2123336

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 14, 2020

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

26th percentile

0.04x

Higher debt load relative to assets than 26% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

12th percentile

0.02x

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

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Net Margin

48th percentile

2.0%

Higher net margin than 48% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

22nd percentile

$45,520

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Asset Growth

69th percentile

10%

Faster asset growth than 69% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

63rd percentile

8.8%

Faster revenue growth than 63% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$4,041,621

Up $376,898 (+10%) from 2018

Net Assets

Up

$3,862,619

Up $225,512 (+6.2%) from 2018

Liabilities

Up

$179,002

Up $151,386 (+548%) from 2018

Revenue

Up

$11,484,349

Up $933,682 (+8.8%) from 2018

Expenses

Up

$11,258,837

Up $535,346 (+5.0%) from 2018

Net Income

Up

$225,512

Up $398,336 (+230%) from 2018

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

2019

Assets$4,041,621
Liabilities$179,002
Net Assets$3,862,619

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

2019

Revenue$11,484,349
Expenses$11,258,837
Net Income$225,512
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 14, 2020
Return Version
2018v3.1
Gross Receipts
$11,484,349
Mission and Program Overview

Mission

Operate a charter school in NC

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,312,162$2,511,760▲ $199,598
Cash and Non-Interest-Bearing Accounts$2,183,504$2,335,895▲ $152,391
Land, Buildings, and Equipment, Net$1,324,945$1,350,859▲ $25,914
Pd in Cap Srpls Land Bldg Eqp Fund$1,324,945$1,350,859▲ $25,914
Accounts Receivable$141,541$296,367▲ $154,826
Savings and Temporary Cash Investments-$50,388-
Prepaid Expenses and Deferred Charges$14,733$8,112▼ $6,621
Total Assets$3,664,723$4,041,621▲ $376,898
Liabilities
Deferred Revenue$14,287$142,124▲ $127,837
Accounts Payable and Accrued Expenses$13,329$36,878▲ $23,549
Total Liabilities$27,616$179,002▲ $151,386
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,637,107$3,862,619▲ $225,512
Total Liabilities and Net Assets / Fund Balance$3,664,723$4,041,621▲ $376,898

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$894,639$433,616$1,328,255
Equipment$51,666$792,198$843,864
Leasehold Improvements$233,536$112,180$345,716
Other Land Buildings$101,018$117,700$218,718
Land$70,000-$70,000
Compensation and Service Providers

Employees

NameTitleBaseTotal
Donna TrimbleDirector$45,520$45,520
Nick LongerbeamDirector$40,463$40,463

Board Members and Trustees

NameTitle
Ray MaxwellChair
Andy FrancisV Chair
Tony RobbinsVice Chair
Christine SuttonDirector
Elizabeth SabolovicDirector
Jacob FriedmanDirector
Jen HallidayDirector
Sally HarbinSecretary
Paul FoleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,711,802
Program Service Revenue
$581,893
Investment Income
$0
Other Revenue
$190,654
All Other Contributions
$110,907
Change in Net Assets
$225,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,819,579
Other Expenses$3,439,258
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,469,561$679,344$0$6,148,905
Occupancy$0$1,022,537$0$1,022,537
Other Employee Benefits$729,154$96,502$0$825,656
All Other Expenses$273,742$480,201$0$753,943
Payroll Taxes$395,247$49,503$0$444,750
Pension Plan Contributions$288,605$25,680$0$314,285
Depreciation Depletion$18,721$92,306$0$111,027
Office Expenses$74,722$17,960$0$92,682
Current Officers, Directors, Trustees, and Key Employees$85,983$0$0$85,983
Other Expenses$77,615$0$0$77,615
Insurance$0$71,635$0$71,635
Conferences and Meetings$35,012$0$0$35,012
Information Technology$25,681$0$0$25,681
Fees for Services Legal$0$23,968$0$23,968
Fees for Services Accounting$0$20,000$0$20,000
Travel$11,875$0$0$11,875
Advertising$0$6,757$0$6,757
Total Functional Expenses$8,099,266$3,159,571$0$11,258,837
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
Yes
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
Ray Maxwell
Title
Chair
Phone
8286579998
Signed
2020-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ray Maxwell
Formed
1999
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
9
Employees
206
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

Employee Ed and Tuition 4900. 4900. 0. 0.

Form 990, Part IX, Line 24E

Food Service 220207. 13791. 206416. 0.

Form 990, Part IX, Line 24E

Student Activities 255051. 255051. 0. 0.

Form 990, Part IX, Line 24E

Repairs and Maintenance 273785. 0. 273785. 0.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt156761
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt262789
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0164470
IRS990/OtherExpensesGrp/ProgramServicesAmt1448878
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt377615
IRS990/OtherExpensesGrp/TotalAmt0618098
IRS990/OtherExpensesGrp/TotalAmt1505639
IRS990/OtherExpensesGrp/TotalAmt262789
IRS990/OtherExpensesGrp/TotalAmt377615
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0Student Activities
IRS990/OtherRevenueMiscGrp/Desc1Fines/Forfeitures
IRS990/OtherRevenueMiscGrp/Desc2Misc Income
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/ExclusionAmt20
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0127526
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt128561
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt234567
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0127526
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt128561
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt234567
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt20
IRS990/OtherRevenueTotalAmt0190654
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0679344
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05469561
IRS990/OtherSalariesAndWagesGrp/TotalAmt06148905
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt049503
IRS990/PayrollTaxesGrp/ProgramServicesAmt0395247
IRS990/PayrollTaxesGrp/TotalAmt0444750
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01324945
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01350859
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt025680
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0288605
IRS990/PensionPlanContributionsGrp/TotalAmt0314285
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014733
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08112
IRS990/PrincipalOfficerNm0Ray Maxwell
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0School Food Service
IRS990/ProgramServiceRevenueGrp/Desc1Field Trips
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0354097
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1227796
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt09670501
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt03426411
IRS990/PYOtherRevenueAmt0547534
IRS990/PYProgramServiceRevenueAmt0332632
IRS990/PYRevenuesLessExpensesAmt0-172824
IRS990/PYSalariesCompEmpBnftPaidAmt07297080
IRS990/PYTotalExpensesAmt010723491
IRS990/PYTotalRevenueAmt010550667
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0225512
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt011484349
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02312162
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02511760
IRS990/SavingsAndTempCashInvstGrp/EOYAmt050388
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0894639
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0433616
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01328255
IRS990ScheduleD/EquipmentGrp/BookValueAmt051666
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0792198
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0843864
IRS990ScheduleD/LandGrp/BookValueAmt070000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt070000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0233536
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0112180
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0345716
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0101018
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0117700
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0218718
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01350859
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/ExplanationTxt4Employee Ed and Tuition 4900. 4900. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Food Service 220207. 13791. 206416. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Student Activities 255051. 255051. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Repairs and Maintenance 273785. 0. 273785. 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

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