Civic Intelligence

Cambridge Academy Inc

990 • Fiscal year 2017 • EIN 57-0511222

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

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

93rd percentile

1.02x

Higher debt load relative to assets than 93% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

85th percentile

0.51x

Higher debt load relative to revenue than 85% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

40th percentile

0.2%

Higher net margin than 40% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

62nd percentile

$44,190

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

29th percentile

-3.0%

Faster asset growth than 29% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

21st percentile

-11%

Faster revenue growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$464,070

Down $14,407 (-3.0%) from 2016

Net Assets

Up

-$8,630

Up $1,624 (+16%) from 2016

Liabilities

Down

$472,700

Down $16,031 (-3.3%) from 2016

Revenue

Down

$931,173

Down $119,361 (-11%) from 2016

Expenses

Down

$929,549

Down $119,489 (-11%) from 2016

Net Income

Up

$1,624

Up $128 (+8.6%) from 2016

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

2017

Assets$464,070
Liabilities$472,700
Net Assets-$8,630

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

2017

Revenue$931,173
Expenses$929,549
Net Income$1,624
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$935,662
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$434,149$414,201▼ $19,948
Cash and Non-Interest-Bearing Accounts$32,356$32,413▲ $57
Accounts Receivable$8,378$14,330▲ $5,952
Inventories for Sale or Use$1,995$2,410▲ $415
Prepaid Expenses and Deferred Charges$1,599$716▼ $883
Total Assets$478,477$464,070▼ $14,407
Liabilities
Mortgage Notes Payable Secured by Investment Property$488,731$472,700▼ $16,031
Total Liabilities$488,731$472,700▼ $16,031
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,556$7,808▲ $3,252
Unrestricted Net Assets$-14,810$-16,438▼ $1,628
Total Net Assets Fund Balance$-10,254$-8,630▲ $1,624
Total Liabilities and Net Assets / Fund Balance$478,477$464,070▼ $14,407

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$372,848$1,283,581$1,656,429
Equipment$26,730$640,775$667,505
Other Land Buildings$2,029$85,774$87,803
Land$12,594-$12,594
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary LeeInterim Head of School/business MgrFT$44,000$190$44,190

Board Members and Trustees

NameTitle
Jennifer MapesChair
Todd NelsonVice Chair
Donna BrooksTrustee
Mark AskewTrustee
Mary WeaverTrustee
Matt LaidlawTrustee
Demetri AndrewsSecretary
Adam BacotTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$43,104
Program Service Revenue
$872,111
Investment Income
$900
Other Revenue
$15,058
All Other Contributions
$43,104
Change in Net Assets
$1,624
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$650,703
Other Expenses$278,846
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$501,186$55,687-$556,873
Occupancy$79,376--$79,376
Payroll Taxes$39,903$7,937-$47,840
Current Officers, Directors, Trustees, and Key Employees-$44,000-$44,000
Depreciation Depletion$38,912--$38,912
Insurance$561$28,089-$28,650
Interest-$26,745-$26,745
All Other Expenses$9,142$13,711-$22,853
Advertising-$12,505-$12,505
Office Expenses$7,486$832-$8,318
Other Expenses$7,612--$7,612
Fees for Services Accounting-$3,000-$3,000
Other Employee Benefits$1,791$199-$1,990
Conferences and Meetings$1,510--$1,510
Total Functional Expenses$736,844$192,705$0$929,549
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$19,197
Fundraising Direct Expenses$4,489
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Sporting Clay Raffle/fundraiser$7,480$7,480$148$7,332
Total Events$19,197$19,197$4,489$14,708
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 11B

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
Business Manager
Phone
8642292875
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lori Anne Tunstall Hagood
Formed
1968
Legal Domicile
Sc
Voting Board Members
8
Independent Board Members
8
Employees
44
Volunteers
10

Preparer

Firm
Manley Garvin LLC
Address
P O BOX 429, GREENWOOD, SC 29648-0429
Preparer
James M Manley Jr CPA
Phone
8642294951
Raw XML AppendixShowing 400 of 421 raw XML fields

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/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt013210
IRS990/PYOtherExpensesAmt0326298
IRS990/PYOtherRevenueAmt032174
IRS990/PYProgramServiceRevenueAmt0943529
IRS990/PYRevenuesLessExpensesAmt01496
IRS990/PYSalariesCompEmpBnftPaidAmt0722740
IRS990/PYTotalExpensesAmt01049038
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01050534
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01624
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0350
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0872111
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0372848
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01283581
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01656429
IRS990ScheduleD/EquipmentGrp/BookValueAmt026730
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0640775
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0667505
IRS990ScheduleD/LandGrp/BookValueAmt012594
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012594
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02029
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt085774
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt087803
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0414201
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/DirectExpenseSummaryEventsAmt04489
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPORTING CLAY RAFFLE/FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0273
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0273
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt07480
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt011717
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt019197
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt07480
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt011717
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt019197
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt014708
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt02704
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02852
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0148
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt012
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt01364
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt01364
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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt04556
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt07808
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0478477
IRS990/TotalAssetsEOYAmt0464070
IRS990/TotalAssetsGrp/BOYAmt0478477
IRS990/TotalAssetsGrp/EOYAmt0464070
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt043104
IRS990/TotalEmployeeCnt044
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0192705
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0736844
IRS990/TotalFunctionalExpensesGrp/TotalAmt0929549
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0488731
IRS990/TotalLiabilitiesEOYAmt0472700
IRS990/TotalLiabilitiesGrp/BOYAmt0488731
IRS990/TotalLiabilitiesGrp/EOYAmt0472700
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-10254
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-8630
IRS990/TotalOtherCompensationAmt0190
IRS990/TotalProgramServiceExpensesAmt0736844
IRS990/TotalProgramServiceRevenueAmt0872111
IRS990/TotalReportableCompFromOrgAmt044000
IRS990/TotalRevenueGrp/ExclusionAmt015958
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0872111
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0931173
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0478477
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0464070
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-14810
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-16438
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0103 EASTMAN STREET
IRS990/USAddress/CityNm0GREENWOOD
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029649
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0HTTP://CAMBRIDGECOUGARS.ORG/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LEE LEE M LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BUSINESS MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum08642292875
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CAMBRIDGE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0CAMB
ReturnHeader/Filer/EIN0570511222
ReturnHeader/Filer/PhoneNum08642292875
ReturnHeader/Filer/USAddress/AddressLine1Txt0103 EASTMAN STREET
ReturnHeader/Filer/USAddress/CityNm0GREENWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC

Document Assets

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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