Civic Intelligence

Alpha Academy Inc.

990 • Fiscal year 2021 • EIN 56-2200096

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 30, 2022

Organization ProfileN/A

View Organization Page

P O Box 26179Fayetteville, NC 28314

(910) 223-7711

Siviq Scores

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

Liabilities / Assets

64th percentile

0.50x

Higher debt load relative to assets than 64% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

80th percentile

1.20x

Higher debt load relative to revenue than 80% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Net Margin

78th percentile

26%

Higher net margin than 78% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

33rd percentile

$113,391

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Asset Growth

52nd percentile

12%

Faster asset growth than 52% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

74th percentile

27%

Faster revenue growth than 74% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$22,768,477

Up $2,408,505 (+12%) from 2020

Net Assets

Up

$11,338,163

Up $2,487,913 (+28%) from 2020

Liabilities

Down

$11,430,314

Down $79,408 (-0.7%) from 2020

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin78th percentile

Revenue

Up

$9,526,287

Up $2,026,836 (+27%) from 2020

Expenses

Up

$7,038,374

Up $629,876 (+9.8%) from 2020

Net Income

Up

$2,487,913

Up $1,396,960 (+128%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

$30M$20M$10M$0Assets 2012: $4,302,878Liabilities 2012: $2,834,104Net Assets 2012: $1,468,7742012Assets 2013: $5,587,504Liabilities 2013: $3,783,385Net Assets 2013: $1,804,1192013Assets 2014: $6,368,171Liabilities 2014: $3,668,846Net Assets 2014: $2,699,3252014Assets 2015: $8,948,692Liabilities 2015: $5,273,375Net Assets 2015: $3,675,3172015Assets 2016: $12,937,197Liabilities 2016: $8,211,919Net Assets 2016: $4,725,2782016Assets 2017: $13,638,449Liabilities 2017: $8,050,208Net Assets 2017: $5,588,2412017Assets 2018: $14,492,486Liabilities 2018: $7,741,366Net Assets 2018: $6,751,1202018Assets 2019: $15,672,366Liabilities 2019: $7,913,069Net Assets 2019: $7,759,2972019Assets 2020: $20,359,972Liabilities 2020: $11,509,722Net Assets 2020: $8,850,2502020Assets 2021: $22,768,477Liabilities 2021: $11,430,314Net Assets 2021: $11,338,1632021Assets 2022: $20,975,486Liabilities 2022: $10,807,079Net Assets 2022: $10,168,4072022Assets 2023: $22,110,907Liabilities 2023: $9,609,239Net Assets 2023: $12,501,6682023Assets 2024: $23,244,613Liabilities 2024: $9,081,827Net Assets 2024: $14,162,7862024

Highlighted filing

2021

Assets$22,768,477
Liabilities$11,430,314
Net Assets$11,338,163
Open 2021 Filing

Operations Trend

Revenue Growth74th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $1,703,0182012Expenses 2013: $2,264,3942013Revenue 2014: $4,091,507Expenses 2014: $3,196,301Net Income 2014: $895,2062014Revenue 2015: $4,327,711Expenses 2015: $3,351,719Net Income 2015: $975,9922015Revenue 2016: $5,359,934Expenses 2016: $4,309,973Net Income 2016: $1,049,9612016Revenue 2017: $5,486,591Expenses 2017: $4,623,628Net Income 2017: $862,9632017Revenue 2018: $6,480,676Expenses 2018: $5,317,797Net Income 2018: $1,162,8792018Revenue 2019: $6,831,189Expenses 2019: $5,823,012Net Income 2019: $1,008,1772019Revenue 2020: $7,499,451Expenses 2020: $6,408,498Net Income 2020: $1,090,9532020Revenue 2021: $9,526,287Expenses 2021: $7,038,374Net Income 2021: $2,487,9132021Revenue 2022: $9,474,436Expenses 2022: $10,644,192Net Income 2022: -$1,169,7562022Revenue 2023: $12,338,690Expenses 2023: $10,965,565Net Income 2023: $1,373,1252023Revenue 2024: $12,844,250Expenses 2024: $11,183,132Net Income 2024: $1,661,1182024

Highlighted filing

2021

Revenue$9,526,287
Expenses$7,038,374
Net Income$2,487,913
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 30, 2022
Return Version
2020v4.1
Gross Receipts
$9,526,287
Mission and Program Overview

Mission

North Carolina Public Charter School

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,997,107$16,086,354▲ $89,247
Rtn Earn Endowment Incm Other Fnds$2,993,258$6,423,717▲ $3,430,459
Cash and Non-Interest-Bearing Accounts$4,149,760$5,714,288▲ $1,564,528
Pd in Cap Srpls Land Bldg Eqp Fund$5,856,992$4,914,446▼ $942,546
Accounts Receivable$213,105$966,635▲ $753,530
Prepaid Expenses and Deferred Charges-$1,200-
Total Assets$20,359,972$22,768,477▲ $2,408,505
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,859,058$11,321,908▲ $462,850
Accounts Payable and Accrued Expenses$650,664$108,406▼ $542,258
Total Liabilities$11,509,722$11,430,314▼ $79,408
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,850,250$11,338,163▲ $2,487,913
Total Liabilities and Net Assets / Fund Balance$20,359,972$22,768,477▲ $2,408,505

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,557,790$1,732,547$15,290,337
Land$2,212,307-$2,212,307
Equipment$306,745$463,918$770,663
Leasehold Improvements$9,512$17,121$26,633
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Eugene SlocumSuperintendantFT$113,391$113,391
Susan SlocumOperations DirectorFT$106,175$106,175
Rebecca MulbahFinance OfficerFT$58,092$58,092

Board Members and Trustees

NameTitle
Simon JohnsonChair
Alvin BreedenDirector
Connie SanchezSecretary
Barbara BattsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,191,708
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$334,579
All Other Contributions
$22,341
Change in Net Assets
$2,487,913

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,526,287
Total Revenue per Audited Statements
$9,526,287
Total Revenue per Form 990
$9,526,287
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,279,417
Other Expenses$2,758,957
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,825,108$619,425$0$3,444,533
Occupancy$0$796,357$0$796,357
Interest$0$451,078$0$451,078
Depreciation Depletion$11,975$402,587$0$414,562
Payroll Taxes$231,325$68,165$0$299,490
Current Officers, Directors, Trustees, and Key Employees$0$277,658$0$277,658
Other Employee Benefits$178,170$35,877$0$214,047
Office Expenses$107,784$20,941$0$128,725
Other Expenses$0$104,297$0$104,297
Information Technology$103,412$0$0$103,412
Pension Plan Contributions$24,547$19,142$0$43,689
Fees for Services Legal$0$39,003$0$39,003
All Other Expenses$13,547$20,261$0$33,808
Conferences and Meetings$15,697$2,300$0$17,997
Advertising$0$16,865$0$16,865
Fees for Services Accounting$0$9,200$0$9,200
Total Functional Expenses$3,938,604$3,099,770$0$7,038,374

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,038,374
Total Expenses per Audited Statements$7,038,374
Total Expenses per Form 990$7,038,374
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
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Alpha Academy Inc
EIN
56-2200096
Phone
9102237711
Address
P O Box 26179, Fayetteville, NC 28314

Signing Officer

Name
Simon Johnson
Title
Chair
Phone
9102237711
Signed
2022-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Simon Johnson
Formed
2000
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
138
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

“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.”

Pt VI, Line 15B

“Compared to other charter schools.”

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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/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt04914446
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt019142
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt024547
IRS990/PensionPlanContributionsGrp/TotalAmt043689
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01200
IRS990/PrincipalOfficerNm0Simon Johnson
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt07147228
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt02341993
IRS990/PYOtherRevenueAmt0264117
IRS990/PYProgramServiceRevenueAmt088106
IRS990/PYRevenuesLessExpensesAmt01090953
IRS990/PYSalariesCompEmpBnftPaidAmt04066505
IRS990/PYTotalExpensesAmt06408498
IRS990/PYTotalRevenueAmt07499451
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt02487913
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt09526287
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02993258
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06423717
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt013557790
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01732547
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt015290337
IRS990ScheduleD/EquipmentGrp/BookValueAmt0306745
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0463918
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0770663
IRS990ScheduleD/ExpensesSubtotalAmt07038374
IRS990ScheduleD/LandGrp/BookValueAmt02212307
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02212307
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt09512
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt017121
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt026633
IRS990ScheduleD/RevenueSubtotalAmt09526287
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016086354
IRS990ScheduleD/TotalExpensesPerForm990Amt07038374
IRS990ScheduleD/TotalRevenuePerForm990Amt09526287
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09526287
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07038374
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/ExplanationTxt3Compared to other charter schools.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt020359972
IRS990/TotalAssetsEOYAmt022768477
IRS990/TotalAssetsGrp/BOYAmt020359972
IRS990/TotalAssetsGrp/EOYAmt022768477
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt09191708
IRS990/TotalEmployeeCnt0138
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03099770
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03938604
IRS990/TotalFunctionalExpensesGrp/TotalAmt07038374
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011509722
IRS990/TotalLiabilitiesEOYAmt011430314
IRS990/TotalLiabilitiesGrp/BOYAmt011509722
IRS990/TotalLiabilitiesGrp/EOYAmt011430314
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08850250
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011338163
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03938604
IRS990/TotalReportableCompFromOrgAmt0277658
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0334579
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09526287
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0150
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt020359972
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt022768477
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O Box 35476
IRS990/USAddress/CityNm0Fayetteville
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028303
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,768,477
Liabilities
$11,430,314
Net assets
$11,338,163
Revenue
$9,526,287
Expenses
$7,038,374
Net income
$2,487,913
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$23.2$9.08$14.2$12.8$11.2$1.66
2023Detailed filing. Detailed filing data is available for this year.$22.1$9.61$12.5$12.3$11.0$1.37
2022Detailed filing. Detailed filing data is available for this year.$21.0$10.8$10.2$9.47$10.6$1.17
2021Detailed filing. Detailed filing data is available for this year.$22.8$11.4$11.3$9.53$7.04$2.49
2020Detailed filing. Detailed filing data is available for this year.$20.4$11.5$8.85$7.50$6.41$1.09
2019Detailed filing. Detailed filing data is available for this year.$15.7$7.91$7.76$6.83$5.82$1.01
2018Detailed filing. Detailed filing data is available for this year.$14.5$7.74$6.75$6.48$5.32$1.16
2017Detailed filing. Detailed filing data is available for this year.$13.6$8.05$5.59$5.49$4.62$0.86
2016Detailed filing. Detailed filing data is available for this year.$12.9$8.21$4.73$5.36$4.31$1.05
2015Detailed filing. Detailed filing data is available for this year.$8.95$5.27$3.68$4.33$3.35$0.98
2014Detailed filing. Detailed filing data is available for this year.$6.37$3.67$2.70$4.09$3.20$0.90
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.59$3.78$1.80$2.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.30$2.83$1.47$1.70