Civic Intelligence

Thomas Jefferson Classical Academy

990 • Fiscal year 2024 • EIN 56-2123336

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 30, 2025

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

0.05x

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

2024 filings • NTEE B • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

13th percentile

0.03x

Higher debt load relative to revenue than 13% of similar nonprofits.

2024 filings • NTEE B • $10M-$25M nonprofits • Source year 2024

Net Margin

77th percentile

19%

Higher net margin than 77% of similar nonprofits.

2024 filings • NTEE B • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

32nd percentile

$102,227

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2024 filings • NTEE B • $10M-$25M nonprofits • Source year 2024

Asset Growth

91st percentile

41%

Faster asset growth than 91% of similar nonprofits.

2024 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

39th percentile

3.9%

Faster revenue growth than 39% of similar nonprofits.

2024 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$9,501,488

Up $2,760,779 (+41%) from 2023

Net Assets

Up

$9,053,813

Up $2,954,008 (+48%) from 2023

Liabilities

Down

$447,675

Down $193,229 (-30%) from 2023

Revenue

Up

$15,845,305

Up $598,407 (+3.9%) from 2023

Expenses

Down

$12,891,297

Down $1,605,026 (-11%) from 2023

Net Income

Up

$2,954,008

Up $2,203,433 (+294%) from 2023

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

2024

Assets$9,501,488
Liabilities$447,675
Net Assets$9,053,813

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

2024

Revenue$15,845,305
Expenses$12,891,297
Net Income$2,954,008
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 30, 2025
Return Version
2023v6.0
Gross Receipts
$15,885,856
Mission and Program Overview

Mission

Operate a charter school in NC

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,576,299$7,430,100▲ $2,853,801
Land, Buildings, and Equipment, Net$1,791,076$1,710,944▼ $80,132
Savings and Temporary Cash Investments$205,334$230,281▲ $24,947
Accounts Receivable$107,070$78,989▼ $28,081
Prepaid Expenses and Deferred Charges$60,930$51,174▼ $9,756
Total Assets$6,740,709$9,501,488▲ $2,760,779
Liabilities
Accounts Payable and Accrued Expenses$481,332$264,634▼ $216,698
Deferred Revenue$159,572$183,041▲ $23,469
Total Liabilities$640,904$447,675▼ $193,229
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,099,805$9,053,813▲ $2,954,008
Total Net Assets Fund Balance$6,099,805$9,053,813▲ $2,954,008
Total Liabilities and Net Assets / Fund Balance$6,740,709$9,501,488▲ $2,760,779

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$774,637$694,862$1,469,499
Equipment$403,124$684,864$1,087,988
Leasehold Improvements$463,183$278,095$741,278
Land$70,000-$70,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jason ColeExecutive DirectorFT$102,227$102,227
Jodi IssacsAssociate Executive DirectorFT$98,757$98,757
Susan WhiteFinance OfficerFT$57,755$57,755

Board Members and Trustees

NameTitle
Karin CookBoard Chair
Ray MaxwellGrievance Chair
Jen HallidayVice Chair
Tony RobbinsDirector
Elizabeth SabolovicCo-Treasurer
Adrian FinleyMember
Andy FrancisMember
Darla HendersonMember
Donna TrimbleMember
Doug GrondahlMember
Jacob FriedmanMember
Jeanette SimsMember
Sally HarbinMember
Christine SuttonSecretary
Paul FoleyTeam CFP&Co-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$14,698,233
Program Service Revenue
$371,207
Investment Income
$43,019
Other Revenue
$732,846
All Other Contributions
$71,416
Change in Net Assets
$2,954,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,175,446
Other Expenses$4,715,851
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,627,065$1,241,234$0$5,868,299
Other Employee Benefits$949,344$158,532$0$1,107,876
All Other Expenses$6,373$1,085,513$0$1,091,886
Occupancy$0$1,065,677$0$1,065,677
Payroll Taxes$520,039$86,000$0$606,039
Pension Plan Contributions$287,515$46,978$0$334,493
Current Officers, Directors, Trustees, and Key Employees$258,739$0$0$258,739
Depreciation Depletion$0$196,012$0$196,012
Office Expenses$119,117$52,883$0$172,000
Insurance$0$120,817$0$120,817
Conferences and Meetings$63,442$0$0$63,442
Fees for Services Accounting$0$25,000$0$25,000
Advertising$0$15,598$0$15,598
Fees for Services Legal$0$14,750$0$14,750
Information Technology$0$12,538$0$12,538
Travel$7,388$470$0$7,858
Total Functional Expenses$8,122,372$4,768,925$0$12,891,297
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 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
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
Karin Cook
Title
Chair
Phone
8286579998
Signed
2025-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karin Cook
Formed
1999
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
13
Employees
0
Volunteers
150

Preparer

Firm
Darrell L Keller CPA PA
Address
105 S City Street, 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.

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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-40551
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt014626817
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt00
IRS990/GrossReceiptsAmt015885856
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt012538
IRS990/InformationTechnologyGrp/ProgramServicesAmt00
IRS990/InformationTechnologyGrp/TotalAmt012538
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0120817
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt0120817
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt083570
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01657821
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01791076
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01710944
IRS990/LandBldgEquipCostOrOtherBssAmt03368765
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt040551
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Operate a charter school in NC
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt06099805
IRS990/NetAssetsOrFundBalancesEOYAmt09053813
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-40551
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt0-40551
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt06099805
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt09053813
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01065677
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt01065677
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt052883
IRS990/OfficeExpensesGrp/ProgramServicesAmt0119117
IRS990/OfficeExpensesGrp/TotalAmt0172000
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0158532
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0949344
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01107876
IRS990/OtherExpensesGrp/Desc0Contracted Services
IRS990/OtherExpensesGrp/Desc1Books and Supplies
IRS990/OtherExpensesGrp/Desc2Field Trips
IRS990/OtherExpensesGrp/Desc3Non-Capital Equip.
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0498569
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1148354
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0296546
IRS990/OtherExpensesGrp/ProgramServicesAmt1819984
IRS990/OtherExpensesGrp/ProgramServicesAmt2166820
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt0795115
IRS990/OtherExpensesGrp/TotalAmt1968338
IRS990/OtherExpensesGrp/TotalAmt2166820
IRS990/OtherExpensesGrp/TotalAmt30
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0Student Activities
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous
IRS990/OtherRevenueMiscGrp/Desc2Other/Fines Forfitures
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/ExclusionAmt20
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0167989
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt146103
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2518754
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0167989
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt146103
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2518754
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt20
IRS990/OtherRevenueTotalAmt0732846
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01241234
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04627065
IRS990/OtherSalariesAndWagesGrp/TotalAmt05868299
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt086000
IRS990/PayrollTaxesGrp/ProgramServicesAmt0520039
IRS990/PayrollTaxesGrp/TotalAmt0606039
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt046978
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0287515
IRS990/PensionPlanContributionsGrp/TotalAmt0334493
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt060930
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt051174
IRS990/PrincipalOfficerNm0Karin Cook
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Food Service
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0371207
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt014227518
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt010237
IRS990/PYOtherExpensesAmt04640022
IRS990/PYOtherRevenueAmt0634718
IRS990/PYProgramServiceRevenueAmt0374425
IRS990/PYRevenuesLessExpensesAmt0750575
IRS990/PYSalariesCompEmpBnftPaidAmt09856301
IRS990/PYTotalExpensesAmt014496323
IRS990/PYTotalRevenueAmt015246898
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt02954008
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt015845305

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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