Civic Intelligence

Marlboro Academy Inc.

990 • Fiscal year 2020 • EIN 57-0516820

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 23, 2020

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

71st percentile

0.31x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

75th percentile

0.44x

Higher debt load relative to revenue than 75% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

23rd percentile

-9.5%

Higher net margin than 23% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

54th percentile

$70,000

Higher top officer pay than 54% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

30th percentile

-0.5%

Faster asset growth than 30% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

28th percentile

-14%

Faster revenue growth than 28% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$2,117,167

Down $11,032 (-0.5%) from 2019

Net Assets

Down

$1,462,620

Down $155,654 (-9.6%) from 2019

Liabilities

Up

$654,547

Up $144,622 (+28%) from 2019

Revenue

Down

$1,482,407

Down $244,667 (-14%) from 2019

Expenses

Down

$1,623,300

Down $126,210 (-7.2%) from 2019

Net Income

Down

-$140,893

Down $118,457 (-528%) from 2019

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

2020

Assets$2,117,167
Liabilities$654,547
Net Assets$1,462,620

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

2020

Revenue$1,482,407
Expenses$1,623,300
Net Income-$140,893
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 23, 2020
Return Version
2019v5.1
Gross Receipts
$1,507,379
Mission and Program Overview

Mission

To provide educational services for grade k-12 students

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,759,194$1,689,578▼ $69,616
Cash and Non-Interest-Bearing Accounts$103,507$320,340▲ $216,833
Investments in Publicly Traded Securities$259,861$95,157▼ $164,704
Accounts Receivable$5,637$12,092▲ $6,455
Total Assets$2,128,199$2,117,167▼ $11,032
Liabilities
Deferred Revenue$509,925$504,847▼ $5,078
Unsecured Notes Loans Payable-$149,700-
Total Liabilities$509,925$654,547▲ $144,622
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,618,274$1,462,620▼ $155,654
Total Net Assets Fund Balance$1,618,274$1,462,620▼ $155,654
Total Liabilities and Net Assets / Fund Balance$2,128,199$2,117,167▼ $11,032

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,365,657$1,293,253$2,658,910
Equipment$149,592$659,320$808,912
Leasehold Improvements$69,194$177,178$246,372
Other Land Buildings$36,472$64,190$100,662
Land$68,663-$68,663
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joseph CritcherHeadmasterFT$70,000$70,000
Stacey NewtonBusiness ManagerFT$35,091$35,091

Board Members and Trustees

NameTitle
Sully BlairPresident
Allen TaylorVice-president
Boyd MclaurinMember
Doc StillwellMember
Ed HerringMember
Elizabeth CooleyMember
Jenny GreeneMember
Sheila LilesSecretary
Eric HerndonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$22,468
Program Service Revenue
$1,333,263
Investment Income
$9,988
Other Revenue
$116,688
All Other Contributions
$11,053
Change in Net Assets
$-140,893
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,003,602
Other Expenses$619,698
Total Fundraising Expense$50
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$769,121$33,934-$803,055
Depreciation Depletion$142,682--$142,682
Current Officers, Directors, Trustees, and Key Employees-$105,091-$105,091
All Other Expenses$86,082$13,130-$99,212
Payroll Taxes$83,940$11,516-$95,456
Occupancy$79,849$4,202-$84,051
Insurance$63,043--$63,043
Office Expenses$34,598$14,082$50$48,730
Other Expenses$24,647$1,123-$24,647
Information Technology$19,337--$19,337
Fees for Services Accounting-$3,550-$3,550
Advertising$2,217--$2,217
Total Functional Expenses$1,436,622$186,628$50$1,623,300
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$80,684
Fundraising Direct Expenses$21,761
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Big Bash and Benefit$32,795$32,795$5,615$27,180
Bbq$24,992$24,992$8,362$16,630
Total Events$92,099$92,099$21,761$70,338
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
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
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 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
Eric Herndon
Title
Treasurer
Phone
8434796501
Signed
2020-12-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sully Blair
Formed
1969
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
56
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/ProgramServiceRevenueGrp/Desc1STUDENT ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc2AUXILIARY PROGRAMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01124967
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1132566
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt275730
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01124967
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1132566
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt275730
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt048236
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015098
IRS990/PYOtherExpensesAmt0707565
IRS990/PYOtherRevenueAmt0126220
IRS990/PYProgramServiceRevenueAmt01537520
IRS990/PYRevenuesLessExpensesAmt0-22436
IRS990/PYSalariesCompEmpBnftPaidAmt01041945
IRS990/PYTotalExpensesAmt01749510
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01727074
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-140893
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt055440
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01335588
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01365657
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01293253
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02658910
IRS990ScheduleD/EquipmentGrp/BookValueAmt0149592
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0659320
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0808912
IRS990ScheduleD/LandGrp/BookValueAmt068663
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt068663
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt069194
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0177178
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0246372
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt036472
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt064190
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0100662
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01689578
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/DirectExpenseSummaryEventsAmt021761
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BIG BASH AND BENEFIT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BBQ
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt032795
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt024992
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt034312
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt092099
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt032795
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt024992
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt034312
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt092099
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt070338
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt07784
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt021761
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05615
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt08362
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
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 11B
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02128199
IRS990/TotalAssetsEOYAmt02117167
IRS990/TotalAssetsGrp/BOYAmt02128199
IRS990/TotalAssetsGrp/EOYAmt02117167
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt022468
IRS990/TotalEmployeeCnt056
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt050
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0186628
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01436622
IRS990/TotalFunctionalExpensesGrp/TotalAmt01623300
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0509925
IRS990/TotalLiabilitiesEOYAmt0654547
IRS990/TotalLiabilitiesGrp/BOYAmt0509925
IRS990/TotalLiabilitiesGrp/EOYAmt0654547
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01618274
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01462620
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01436622
IRS990/TotalProgramServiceRevenueAmt01333263
IRS990/TotalReportableCompFromOrgAmt0105091
IRS990/TotalRevenueGrp/ExclusionAmt0124351
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01335588
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01482407
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02128199

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