Civic Intelligence

Cambridge Academy Inc

990 • Fiscal year 2016 • EIN 57-0511222

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 15, 2017

103 Eastman StreetGreenwood, SC 29649

(864) 229-2875

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.02x

Higher debt load relative to assets than 92% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

76th percentile

0.47x

Higher debt load relative to revenue than 76% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

43rd percentile

0.1%

Higher net margin than 43% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

43rd percentile

$47,230

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

15th percentile

-8.0%

Faster asset growth than 15% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

41st percentile

-0.1%

Faster revenue growth than 41% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$478,477

Down $41,488 (-8.0%) from 2015

Net Assets

Up

-$10,254

Up $1,496 (+13%) from 2015

Liabilities

Down

$488,731

Down $42,984 (-8.1%) from 2015

Revenue

Down

$1,050,534

Down $957 (-0.1%) from 2015

Expenses

Up

$1,049,038

Up $67,654 (+6.9%) from 2015

Net Income

Down

$1,496

Down $68,611 (-98%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $753,808Liabilities 2011: $742,958Net Assets 2011: $10,8502011Assets 2012: $656,114Liabilities 2012: $690,783Net Assets 2012: -$34,6692012Assets 2013: $579,743Liabilities 2013: $674,617Net Assets 2013: -$94,8742013Assets 2014: $498,152Liabilities 2014: $580,009Net Assets 2014: -$81,8572014Assets 2015: $519,965Liabilities 2015: $531,715Net Assets 2015: -$11,7502015Assets 2016: $478,477Liabilities 2016: $488,731Net Assets 2016: -$10,2542016Assets 2017: $464,070Liabilities 2017: $472,700Net Assets 2017: -$8,6302017Assets 2018: $490,300Liabilities 2018: $563,317Net Assets 2018: -$73,0172018Assets 2019: $541,502Liabilities 2019: $543,243Net Assets 2019: -$1,7412019Assets 2020: $784,345Liabilities 2020: $694,955Net Assets 2020: $89,3902020Assets 2021: $922,553Liabilities 2021: $536,011Net Assets 2021: $386,5422021Assets 2022: $1,159,201Liabilities 2022: $484,561Net Assets 2022: $674,6402022Assets 2023: $1,255,751Liabilities 2023: $563,090Net Assets 2023: $692,6612023Assets 2024: $896,908Liabilities 2024: $516,306Net Assets 2024: $380,6022024

Highlighted filing

2016

Assets$478,477
Liabilities$488,731
Net Assets-$10,254

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $998,1532011Expenses 2012: $978,3342012Expenses 2013: $1,033,9932013Revenue 2014: $913,250Expenses 2014: $900,233Net Income 2014: $13,0172014Revenue 2015: $1,051,491Expenses 2015: $981,384Net Income 2015: $70,1072015Revenue 2016: $1,050,534Expenses 2016: $1,049,038Net Income 2016: $1,4962016Revenue 2017: $931,173Expenses 2017: $929,549Net Income 2017: $1,6242017Revenue 2018: $1,019,297Expenses 2018: $1,083,684Net Income 2018: -$64,3872018Revenue 2019: $1,145,981Expenses 2019: $1,074,705Net Income 2019: $71,2762019Revenue 2020: $1,219,969Expenses 2020: $1,128,838Net Income 2020: $91,1312020Revenue 2021: $1,553,551Expenses 2021: $1,256,399Net Income 2021: $297,1522021Revenue 2022: $1,803,079Expenses 2022: $1,514,981Net Income 2022: $288,0982022Revenue 2023: $1,534,750Expenses 2023: $1,518,659Net Income 2023: $16,0912023Revenue 2024: $1,139,812Expenses 2024: $1,547,188Net Income 2024: -$407,3762024

Highlighted filing

2016

Revenue$1,050,534
Expenses$1,049,038
Net Income$1,496
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 15, 2017
Return Version
2015v3.0
Gross Receipts
$1,096,084
Mission and Program Overview

Mission

Cambridge academy provides students with an academically excellent curriculum, while fostering physical, social, and spiritual wellness within a nurturing environment.

Cambridge academy believes that high academic expectations within an atmosphere of caring and mutual respect generate the most effective college preparatory education possible. The school's philosophy affirms that each individual is of infinite worth and dignity. Cambridge academy seeks student applicants of all races, religions, and nationalities. We strive to assist each student to reach his or her potential-intellectually, socially, emotionally, and spiritually. Cambridge academy consistently nurtures a love of learning that will enable students to respond enthusiastically to a lifetime of challenge.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$466,737$434,149▼ $32,588
Cash and Non-Interest-Bearing Accounts$48,715$32,356▼ $16,359
Accounts Receivable$1,881$8,378▲ $6,497
Inventories for Sale or Use$1,850$1,995▲ $145
Prepaid Expenses and Deferred Charges$730$1,599▲ $869
Intangible Assets$52$0▼ $52
Total Assets$519,965$478,477▼ $41,488
Liabilities
Mortgage Notes Payable Secured by Investment Property$530,806$488,731▼ $42,075
Deferred Revenue$909$0▼ $909
Total Liabilities$531,715$488,731▼ $42,984
Net Assets / Fund Balance
Temporarily Rstr Net Assets$6,149$4,556▼ $1,593
Unrestricted Net Assets$-17,899$-14,810▲ $3,089
Total Net Assets Fund Balance$-11,750$-10,254▲ $1,496
Total Liabilities and Net Assets / Fund Balance$519,965$478,477▼ $41,488

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$399,230$1,259,403$1,658,633
Equipment$20,309$638,823$659,132
Other Land Buildings$2,016$77,692$79,708
Land$12,594-$12,594
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jody GableHead of SchoolFT$47,000$230$47,230

Board Members and Trustees

NameTitle
Todd NelsonChair
Donna BrooksTrustee
Jeff ThomasTrustee
Jennifer MapesTrustee
Matt LaidlawTrustee
Megha LalTrustee
Paul VelkyTrustee
Demetri AndrewsSecretary
Adam BacotTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$61,621
Program Service Revenue
$943,529
Investment Income
$13,210
Other Revenue
$32,174
All Other Contributions
$61,621
Change in Net Assets
$1,496
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$722,740
Other Expenses$326,298
Total Fundraising Expense$1,806
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$559,145$62,127-$621,272
Occupancy$84,831--$84,831
Payroll Taxes$47,412$5,268-$52,680
Current Officers, Directors, Trustees, and Key Employees$42,300$4,700-$47,000
Depreciation Depletion$43,440--$43,440
All Other Expenses$32,384-$1,806$34,190
Interest-$28,649-$28,649
Insurance$2,935$24,494-$27,429
Other Expenses$14,155--$14,155
Office Expenses$6,369$708-$7,077
Advertising-$4,267-$4,267
Fees for Services Accounting-$3,000-$3,000
Other Employee Benefits$1,609$179-$1,788
Conferences and Meetings$780--$780
Travel$129--$129
Total Functional Expenses$913,840$133,392$1,806$1,049,038
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$34,552
Fundraising Direct Expenses$6,180
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$26,582$26,582$770$25,812
Total Events$34,552$34,552$6,180$28,372
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

A copy of form 990 was provided to the board for review prior to filing.

Form 990, Part VI, Section C, Line 19

Cambridge academy's governing documents are available, for review, by appointment.

Filing and Contact Details

Filer

Filer Name
Cambridge Academy Inc
EIN
57-0511222
Phone
8642292875
Address
103 EASTMAN STREET, GREENWOOD, SC 29649

Signing Officer

Name
Lee Lee M Lee
Title
Interim Head of School
Phone
8642292875
Signed
2017-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lee Lee M Lee
Formed
1968
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
45
Volunteers
10

Preparer

Firm
Manley Garvin LLC
Address
P O BOX 429, GREENWOOD, SC 29648-0429
Preparer
Bonnie C Ashley CPA
Phone
8642294951
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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/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt062127
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0559145
IRS990/OtherSalariesAndWagesGrp/TotalAmt0621272
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05268
IRS990/PayrollTaxesGrp/ProgramServicesAmt047412
IRS990/PayrollTaxesGrp/TotalAmt052680
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0730
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01599
IRS990/PrincipalOfficerNm0LEE LEE M LEE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1AUXILIARY ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0914245
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt129284
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0914245
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt129284
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt064968
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt058126
IRS990/PYOtherExpensesAmt0273217
IRS990/PYOtherRevenueAmt052855
IRS990/PYProgramServiceRevenueAmt0875542
IRS990/PYRevenuesLessExpensesAmt070107
IRS990/PYSalariesCompEmpBnftPaidAmt0708167
IRS990/PYTotalExpensesAmt0981384
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01051491
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01496
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0350
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0945543
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0399230
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01259403
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01658633
IRS990ScheduleD/EquipmentGrp/BookValueAmt020309
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0638823
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0659132
IRS990ScheduleD/LandGrp/BookValueAmt012594
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012594
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02016
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt077692
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt079708
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0434149
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0CAMBRIDGE ACADEMY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, RELIGION, SEX, OR NATIONAL ORIGIN IN THE ADMINISTRATION OF ANY PROGRAMS OR POLICIES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt06180
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt026582
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt07970
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt034552
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt026582
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt07970
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt034552
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt028372
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0770
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0770
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt05410
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt05410
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 WAS PROVIDED TO THE BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CAMBRIDGE ACADEMY'S GOVERNING DOCUMENTS ARE AVAILABLE, FOR REVIEW, BY APPOINTMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt06149
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04556
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0519965
IRS990/TotalAssetsEOYAmt0478477
IRS990/TotalAssetsGrp/BOYAmt0519965
IRS990/TotalAssetsGrp/EOYAmt0478477
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt061621
IRS990/TotalEmployeeCnt045
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01806
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0133392
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0913840
IRS990/TotalFunctionalExpensesGrp/TotalAmt01049038
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0531715
IRS990/TotalLiabilitiesEOYAmt0488731
IRS990/TotalLiabilitiesGrp/BOYAmt0531715
IRS990/TotalLiabilitiesGrp/EOYAmt0488731
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-11750
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-10254
IRS990/TotalOtherCompensationAmt0230
IRS990/TotalProgramServiceExpensesAmt0913840
IRS990/TotalProgramServiceRevenueAmt0943529
IRS990/TotalReportableCompFromOrgAmt047000
IRS990/TotalRevenueGrp/ExclusionAmt043370
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0945543
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01050534
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0519965
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0478477
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0129
IRS990/TravelGrp/TotalAmt0129
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-17899
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-14810
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0103 EASTMAN STREET
IRS990/USAddress/CityNm0GREENWOOD

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.52$0.38$1.14$1.55$0.41
2023Detailed filing. Detailed filing data is available for this year.$1.26$0.56$0.69$1.53$1.52$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.16$0.48$0.67$1.80$1.51$0.29
2021Detailed filing. Detailed filing data is available for this year.$0.92$0.54$0.39$1.55$1.26$0.30
2020Detailed filing. Detailed filing data is available for this year.$0.78$0.69$0.09$1.22$1.13$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.54$0.54$0.00$1.15$1.07$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.49$0.56$0.07$1.02$1.08$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.46$0.47$0.01$0.93$0.93$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.48$0.49$0.01$1.05$1.05$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.52$0.53$0.01$1.05$0.98$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.50$0.58$0.08$0.91$0.90$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.67$0.09$1.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.69$0.03$0.98
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.74$0.01$1.00