Civic Intelligence

Marlboro Academy Inc.

990 • Fiscal year 2015 • EIN 57-0516820

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 11, 2016

1035 Bennettsville Fire Tower RoadBennettsville, SC 29512

(843) 479-6501

Siviq Scores

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

Liabilities / Assets

60th percentile

0.19x

Higher debt load relative to assets than 60% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

71st percentile

0.35x

Higher debt load relative to revenue than 71% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

18th percentile

-14%

Higher net margin than 18% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

51st percentile

$65,217

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

17th percentile

-6.9%

Faster asset growth than 17% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

45th percentile

1.5%

Faster revenue growth than 45% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$2,142,813

Down $159,909 (-6.9%) from 2014

Net Assets

Down

$1,736,052

Down $169,041 (-8.9%) from 2014

Liabilities

Up

$406,761

Up $9,132 (+2.3%) from 2014

Revenue

Up

$1,177,671

Up $17,459 (+1.5%) from 2014

Expenses

Down

$1,339,788

Down $21,037 (-1.5%) from 2014

Net Income

Up

-$162,117

Up $38,496 (+19%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $2,680,032Liabilities 2012: $467,123Net Assets 2012: $2,212,9092012Assets 2013: $2,496,838Liabilities 2013: $415,579Net Assets 2013: $2,081,2592013Assets 2014: $2,302,722Liabilities 2014: $397,629Net Assets 2014: $1,905,0932014Assets 2015: $2,142,813Liabilities 2015: $406,761Net Assets 2015: $1,736,0522015Assets 2016: $2,505,956Liabilities 2016: $450,667Net Assets 2016: $2,055,2892016Assets 2017: $2,273,423Liabilities 2017: $476,242Net Assets 2017: $1,797,1812017Assets 2018: $2,122,052Liabilities 2018: $474,396Net Assets 2018: $1,647,6562018Assets 2019: $2,128,199Liabilities 2019: $509,925Net Assets 2019: $1,618,2742019Assets 2020: $2,117,167Liabilities 2020: $654,547Net Assets 2020: $1,462,6202020Assets 2021: $2,154,617Liabilities 2021: $746,860Net Assets 2021: $1,407,7572021Assets 2022: $3,037,354Liabilities 2022: $753,017Net Assets 2022: $2,284,3372022Assets 2023: $3,003,187Liabilities 2023: $705,003Net Assets 2023: $2,298,1842023Assets 2024: $2,814,124Liabilities 2024: $741,737Net Assets 2024: $2,072,3872024Assets 2025: $2,912,380Liabilities 2025: $786,130Net Assets 2025: $2,126,2502025

Highlighted filing

2015

Assets$2,142,813
Liabilities$406,761
Net Assets$1,736,052

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $1,337,9742012Expenses 2013: $1,363,4652013Revenue 2014: $1,160,212Expenses 2014: $1,360,825Net Income 2014: -$200,6132014Revenue 2015: $1,177,671Expenses 2015: $1,339,788Net Income 2015: -$162,1172015Revenue 2016: $1,874,515Expenses 2016: $1,546,563Net Income 2016: $327,9522016Revenue 2017: $1,302,803Expenses 2017: $1,577,866Net Income 2017: -$275,0632017Revenue 2018: $1,569,799Expenses 2018: $1,719,782Net Income 2018: -$149,9832018Revenue 2019: $1,727,074Expenses 2019: $1,749,510Net Income 2019: -$22,4362019Revenue 2020: $1,482,407Expenses 2020: $1,623,300Net Income 2020: -$140,8932020Revenue 2021: $1,554,668Expenses 2021: $1,609,531Net Income 2021: -$54,8632021Revenue 2022: $2,758,872Expenses 2022: $1,880,465Net Income 2022: $878,4072022Revenue 2023: $2,017,855Expenses 2023: $2,044,773Net Income 2023: -$26,9182023Revenue 2024: $1,865,573Expenses 2024: $2,099,898Net Income 2024: -$234,3252024Revenue 2025: $2,358,827Expenses 2025: $2,333,977Net Income 2025: $24,8502025

Highlighted filing

2015

Revenue$1,177,671
Expenses$1,339,788
Net Income-$162,117
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 11, 2016
Return Version
2014v6.0
Gross Receipts
$1,215,596
Mission and Program Overview

Mission

To provide educational services for grade k-12 students

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,857,792$1,826,463▼ $31,329
Cash and Non-Interest-Bearing Accounts$243,864$166,056▼ $77,808
Investments in Publicly Traded Securities$199,830$150,294▼ $49,536
Accounts Receivable$1,236$0▼ $1,236
Total Assets$2,302,722$2,142,813▼ $159,909
Liabilities
Deferred Revenue$397,629$406,761▲ $9,132
Total Liabilities$397,629$406,761▲ $9,132
Net Assets / Fund Balance
Unrestricted Net Assets$1,905,093$1,736,052▼ $169,041
Total Net Assets Fund Balance$1,905,093$1,736,052▼ $169,041
Total Liabilities and Net Assets / Fund Balance$2,302,722$2,142,813▼ $159,909

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,517,265$895,950$2,413,215
Equipment$105,207$464,818$570,025
Leasehold Improvements$114,881$113,525$228,406
Other Land Buildings$20,447$49,115$69,562
Land$68,663-$68,663
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gary DwyerHeadmasterFT$65,217$65,217
Stacey NewtonBusiness ManagerFT$33,155$33,155

Board Members and Trustees

NameTitle
Cindy StonePresident
Billy CovingtonVice-president
Boyd MclaurinMember
Elizabeth CooleyMember
Eric HerndonMember
Fred MabryMember
Jenny GreeneMember
Jerry BrunerMember
Sully BlairMember
Len HaltiwangerSecretary
John PowersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$30,878
Program Service Revenue
$1,032,336
Investment Income
$9,491
Other Revenue
$104,966
All Other Contributions
$10,433
Change in Net Assets
$-162,117
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$811,147
Other Expenses$528,641
Total Fundraising Expense$661
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payroll Taxes$689,475$23,300-$712,775
Depreciation Depletion$110,316--$110,316
All Other Expenses$76,863$27,132$661$104,656
Current Officers, Directors, Trustees, and Key Employees-$98,372-$98,372
Occupancy$66,734$3,511-$70,245
Insurance$45,990--$45,990
Office Expenses$31,943$8,846-$40,789
Other Expenses$25,804$1,121-$26,925
Advertising$8,034--$8,034
Information Technology$4,117--$4,117
Fees for Services Accounting-$3,150-$3,150
Total Functional Expenses$1,173,695$165,432$661$1,339,788
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$73,086
Fundraising Direct Expenses$33,458
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bbq$29,290$29,290$8,761$20,529
Big Bash and Benefit$20,688$20,688$14,159$6,529
Total Events$73,086$73,086$33,458$39,628
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
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
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 draft of the 990 is reviewed by the chairman and approved prior to issuance.

Form 990, Part VI, Section B, Line 15

The board is responsible for determining compensation and in doing so follows the suggestions from the state independent schools association regarding pay structure and duties.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Marlboro Academy Inc
EIN
57-0516820
Phone
8434796501
Address
1035 BENNETTSVILLE FIRE TOWER ROAD, BENNETTSVILLE, SC 29512

Signing Officer

Name
John Powers
Title
Treasurer
Phone
8434796501
Signed
2016-01-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy Stone
Formed
1969
Legal Domicile
Sc
Voting Board Members
10
Independent Board Members
10
Employees
45
Volunteers
0

Preparer

Firm
BURCH OXNER SEALE CO CPA'S PA
Address
PO DRAWER 4707, FLORENCE, SC 29502-4707
Preparer
Tracy S Huggins CPA
Phone
8436693142
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023300
IRS990/PayrollTaxesGrp/ProgramServicesAmt0689475
IRS990/PayrollTaxesGrp/TotalAmt0712775
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CINDY STONE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc2AUXILIARY PROGRAMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0842173
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1146297
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt243866
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0842173
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1146297
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt243866
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt038355
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07950
IRS990/PYOtherExpensesAmt0478659
IRS990/PYOtherRevenueAmt0104108
IRS990/PYProgramServiceRevenueAmt01009799
IRS990/PYRevenuesLessExpensesAmt0-200613
IRS990/PYSalariesCompEmpBnftPaidAmt0882166
IRS990/PYTotalExpensesAmt01360825
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01160212
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-162117
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt063287
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01034387
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01517265
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0895950
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02413215
IRS990ScheduleD/EquipmentGrp/BookValueAmt0105207
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0464818
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0570025
IRS990ScheduleD/LandGrp/BookValueAmt068663
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt068663
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0114881
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0113525
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0228406
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt020447
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt049115
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt069562
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01826463
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/ExplanationTxt0THE ACADEMY ADVERTISES IN THE MARLBORO HERALD ADVOCATE IN BENNETTSVILLE, SC AND IN THE LAURINBURG EXCHANGE IN LAURINBURG, NC. THESE NEWSPAPERS HAVE GENERAL CIRCULATION IN THE AREAS FROM WHICH STUDENTS ATTEND.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt033458
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BIG BASH AND BENEFIT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BBQ
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt020688
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt029290
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt023108
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt073086
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt020688
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt029290
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt023108
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt073086
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt039628
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt010538
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt033458
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt014159
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt08761
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE 990 IS REVIEWED BY THE CHAIRMAN AND APPROVED PRIOR TO ISSUANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD IS RESPONSIBLE FOR DETERMINING COMPENSATION AND IN DOING SO FOLLOWS THE SUGGESTIONS FROM THE STATE INDEPENDENT SCHOOLS ASSOCIATION REGARDING PAY STRUCTURE AND DUTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02302722
IRS990/TotalAssetsEOYAmt02142813
IRS990/TotalAssetsGrp/BOYAmt02302722
IRS990/TotalAssetsGrp/EOYAmt02142813
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt030878
IRS990/TotalEmployeeCnt045
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0661
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0165432
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01173695
IRS990/TotalFunctionalExpensesGrp/TotalAmt01339788
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0397629
IRS990/TotalLiabilitiesEOYAmt0406761
IRS990/TotalLiabilitiesGrp/BOYAmt0397629
IRS990/TotalLiabilitiesGrp/EOYAmt0406761
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01905093
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01736052
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01173695
IRS990/TotalProgramServiceRevenueAmt01032336
IRS990/TotalReportableCompFromOrgAmt098372
IRS990/TotalRevenueGrp/ExclusionAmt0112406
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01034387
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01177671
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.91$0.79$2.13$2.36$2.33$0.02
2024Detailed filing. Detailed filing data is available for this year.$2.81$0.74$2.07$1.87$2.10$0.23
2023Detailed filing. Detailed filing data is available for this year.$3.00$0.71$2.30$2.02$2.04$0.03
2022Detailed filing. Detailed filing data is available for this year.$3.04$0.75$2.28$2.76$1.88$0.88
2021Detailed filing. Detailed filing data is available for this year.$2.15$0.75$1.41$1.55$1.61$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.12$0.65$1.46$1.48$1.62$0.14
2019Detailed filing. Detailed filing data is available for this year.$2.13$0.51$1.62$1.73$1.75$0.02
2018Summary only. Only limited summary data is available for this year.$2.12$0.47$1.65$1.57$1.72$0.15
2017Detailed filing. Detailed filing data is available for this year.$2.27$0.48$1.80$1.30$1.58$0.28
2016Detailed filing. Detailed filing data is available for this year.$2.51$0.45$2.06$1.87$1.55$0.33
2015Detailed filing. Detailed filing data is available for this year.$2.14$0.41$1.74$1.18$1.34$0.16
2014Detailed filing. Detailed filing data is available for this year.$2.30$0.40$1.91$1.16$1.36$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.50$0.42$2.08$1.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$0.47$2.21$1.34