Civic Intelligence

Thomas Hart Academy

990 • Fiscal year 2023 • EIN 57-0523709

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 22, 2024

Organization ProfileWWW.THOMASHART.ORG

View Organization Page

852 Flinns RdHartsville, SC 29550

(843) 332-4991

Siviq Scores

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

Liabilities / Assets

78th percentile

0.36x

Higher debt load relative to assets than 78% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

77th percentile

0.41x

Higher debt load relative to revenue than 77% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

64th percentile

12%

Higher net margin than 64% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

85th percentile

35%

Faster asset growth than 85% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

37th percentile

-0.5%

Faster revenue growth than 37% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$1,563,780

Up $406,050 (+35%) from 2022

Net Assets

Up

$999,621

Up $161,560 (+19%) from 2022

Liabilities

Up

$564,159

Up $244,490 (+76%) from 2022

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin64th percentile

Revenue

Down

$1,369,241

Down $6,725 (-0.5%) from 2022

Expenses

Up

$1,207,685

Up $84,708 (+7.5%) from 2022

Net Income

Down

$161,556

Down $91,433 (-36%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $454,392Liabilities 2015: $286,455Net Assets 2015: $167,9372015Assets 2016: $459,199Liabilities 2016: $363,507Net Assets 2016: $95,6922016Assets 2017: $462,896Liabilities 2017: $296,760Net Assets 2017: $166,1362017Assets 2018: $450,965Liabilities 2018: $298,476Net Assets 2018: $152,4892018Assets 2019: $439,013Liabilities 2019: $224,310Net Assets 2019: $214,7032019Assets 2020: $796,011Liabilities 2020: $290,789Net Assets 2020: $505,2222020Assets 2021: $939,932Liabilities 2021: $354,860Net Assets 2021: $585,0722021Assets 2022: $1,157,730Liabilities 2022: $319,669Net Assets 2022: $838,0612022Assets 2023: $1,563,780Liabilities 2023: $564,159Net Assets 2023: $999,6212023Assets 2024: $1,364,380Liabilities 2024: $554,116Net Assets 2024: $810,2642024

Highlighted filing

2023

Assets$1,563,780
Liabilities$564,159
Net Assets$999,621
Open 2023 Filing

Operations Trend

Revenue Growth37th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $922,288Expenses 2015: $924,363Net Income 2015: -$2,0752015Revenue 2016: $946,714Expenses 2016: $1,018,960Net Income 2016: -$72,2462016Revenue 2017: $992,656Expenses 2017: $922,214Net Income 2017: $70,4422017Revenue 2018: $1,022,177Expenses 2018: $1,035,824Net Income 2018: -$13,6472018Revenue 2019: $1,013,644Expenses 2019: $951,430Net Income 2019: $62,2142019Revenue 2020: $1,254,285Expenses 2020: $963,766Net Income 2020: $290,5192020Revenue 2021: $1,147,157Expenses 2021: $1,067,306Net Income 2021: $79,8512021Revenue 2022: $1,375,966Expenses 2022: $1,122,977Net Income 2022: $252,9892022Revenue 2023: $1,369,241Expenses 2023: $1,207,685Net Income 2023: $161,5562023Revenue 2024: $1,020,317Expenses 2024: $1,209,678Net Income 2024: -$189,3612024

Highlighted filing

2023

Revenue$1,369,241
Expenses$1,207,685
Net Income$161,556
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 22, 2024
Return Version
2022v5.0
Gross Receipts
$1,384,762
Mission and Program Overview

Mission

Educational services for grades K3-8

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$838,061$999,621▲ $161,560
Land, Buildings, and Equipment, Net$534,395$675,955▲ $141,560
Cash and Non-Interest-Bearing Accounts$619,450$664,370▲ $44,920
Other Notes and Loans Receivable, Net-$170,112-
Accounts Receivable$3,885$53,343▲ $49,458
Total Assets$1,157,730$1,563,780▲ $406,050
Liabilities
Deferred Revenue$276,573$544,241▲ $267,668
Accounts Payable and Accrued Expenses$31,380$18,308▼ $13,072
Mortgage Notes Payable Secured by Investment Property$11,716$1,610▼ $10,106
Total Liabilities$319,669$564,159▲ $244,490
Net Assets / Fund Balance
Total Net Assets Fund Balance$838,061$999,621▲ $161,560
Total Liabilities and Net Assets / Fund Balance$1,157,730$1,563,780▲ $406,050

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$452,401$1,078,055$1,530,456
Equipment$104,251$10,564$114,815
Leasehold Improvements$79,303$2,735$82,038
Land$40,000-$40,000
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Brandy JohnsonChairman
Lindsay PowellVice Chairma
Elizabeth CoxeDirector
Geoff HughesDirector
Jennifer EvansDirector
John HorlbeckDirector
Josh WittenDirector
Margaret FelkelDirector
Mary Ann ChapmanDirector
T Scott WildsDirector
Travis WindhamDirector
Wardie SandersDirector
Valerie GardnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$503,300
Program Service Revenue
$813,178
Investment Income
$-2,175
Other Revenue
$54,938
All Other Contributions
$333,188
Change in Net Assets
$161,556
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$872,108
Other Expenses$335,577
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$660,460$57,496-$717,956
Current Officers, Directors, Trustees, and Key Employees$64,287$21,430-$85,717
Occupancy$77,169--$77,169
Payroll Taxes$57,001$4,398-$61,399
Depreciation Depletion$56,670--$56,670
Information Technology$44,190--$44,190
Other Expenses$42,850--$42,850
Insurance$7,066$34,986-$42,052
Office Expenses-$28,729-$28,729
Conferences and Meetings$2,165$21,636-$23,801
Fees for Services Other$12,738--$12,738
Other Employee Benefits$7,036--$7,036
Advertising-$3,980-$3,980
Fees for Services Accounting-$3,255-$3,255
Interest$143--$143
Total Functional Expenses$1,031,775$175,910$0$1,207,685
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$68,284
Fundraising Direct Expenses$13,346
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Various$68,284$68,284$13,346$54,938
Total Events$68,284$68,284$13,346$54,938
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 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
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, Page 6, Part VI, Line 11B

“Form 990 is prepared by the accounting firm and is provided to board members and management for review. Any questions by board members are directed to the executive committee to review and answer prior to filing.”

Form 990, Page 6, Part VI, Line 15A

“Salary and benefits for head of school are determined by comparing information with similar private schools and utilizing information obtained from scisa. Duties, expertise, years of service, and education are all considered when determining salaries. The executive committee makes a recommendation to the board of directors. Minutes are maintained at all meetings documenting decisions.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and by-laws are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Thomas Hart Academy
EIN
57-0523709
Phone
8433324991
Address
852 FLINNS RD, HARTSVILLE, SC 29550

Signing Officer

Name
Tara Woodson
Title
Head of School
Phone
8433324991
Signed
2024-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tara Woodson
Formed
1970
Legal Domicile
Sc
Voting Board Members
13
Independent Board Members
13
Employees
39
Volunteers
1

Preparer

Firm
Moore Beauston & Woodham LLC
Address
115 CARGILL WAY SUITE A, HARTSVILLE, SC 29550
Preparer
Shannon B Hutson CPA
Phone
8433321335
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Book / tax depreciation difference 4”

Raw XML AppendixShowing 400 of 426 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/PayrollTaxesGrp/TotalAmt061399
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0TARA WOODSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION INCOME - ADMISSIONS
IRS990/ProgramServiceRevenueGrp/Desc1FUNDRAISING/DONATIONS
IRS990/ProgramServiceRevenueGrp/Desc2AFTER SCHOOL CARE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0746839
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt135211
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt231128
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0746839
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt135211
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt231128
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0404673
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0294600
IRS990/PYOtherRevenueAmt063554
IRS990/PYProgramServiceRevenueAmt0907739
IRS990/PYRevenuesLessExpensesAmt0252989
IRS990/PYSalariesCompEmpBnftPaidAmt0828377
IRS990/PYTotalExpensesAmt01122977
IRS990/PYTotalRevenueAmt01375966
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0161556
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0813178
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0838061
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0999621
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0104251
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010564
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0114815
IRS990ScheduleD/LandGrp/BookValueAmt040000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt040000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt079303
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02735
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt082038
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0452401
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01078055
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01530456
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0675955
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ADVERTISING AND PROMOTIONAL PUBLICATIONS STATING THAT THE ACADEMY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, RELIGION, SEX, AGE, OR NATIONAL ORIGIN.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt013346
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0VARIOUS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt068284
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt068284
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt068284
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt068284
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt054938
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt013346
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt013346
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY THE ACCOUNTING FIRM AND IS PROVIDED TO BOARD MEMBERS AND MANAGEMENT FOR REVIEW. ANY QUESTIONS BY BOARD MEMBERS ARE DIRECTED TO THE EXECUTIVE COMMITTEE TO REVIEW AND ANSWER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SALARY AND BENEFITS FOR HEAD OF SCHOOL ARE DETERMINED BY COMPARING INFORMATION WITH SIMILAR PRIVATE SCHOOLS AND UTILIZING INFORMATION OBTAINED FROM SCISA. DUTIES, EXPERTISE, YEARS OF SERVICE, AND EDUCATION ARE ALL CONSIDERED WHEN DETERMINING SALARIES. THE EXECUTIVE COMMITTEE MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS. MINUTES ARE MAINTAINED AT ALL MEETINGS DOCUMENTING DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AND BY-LAWS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK / TAX DEPRECIATION DIFFERENCE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01157730
IRS990/TotalAssetsEOYAmt01563780
IRS990/TotalAssetsGrp/BOYAmt01157730
IRS990/TotalAssetsGrp/EOYAmt01563780
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0503300
IRS990/TotalEmployeeCnt039
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0175910
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01031775
IRS990/TotalFunctionalExpensesGrp/TotalAmt01207685
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0319669
IRS990/TotalLiabilitiesEOYAmt0564159
IRS990/TotalLiabilitiesGrp/BOYAmt0319669
IRS990/TotalLiabilitiesGrp/EOYAmt0564159
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0838061
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0999621
IRS990/TotalProgramServiceExpensesAmt01031775
IRS990/TotalProgramServiceRevenueAmt0813178
IRS990/TotalRevenueGrp/ExclusionAmt054938
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0811003
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01369241
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01157730
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01563780
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0852 FLINNS RD
IRS990/USAddress/CityNm0HARTSVILLE
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029550
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.THOMASHART.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TARA WOODSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum08433324991

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,563,780
Liabilities
$564,159
Net assets
$999,621
Revenue
$1,369,241
Expenses
$1,207,685
Net income
$161,556
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.36$0.55$0.81$1.02$1.21$0.19
2023Detailed filing. Detailed filing data is available for this year.$1.56$0.56$1.00$1.37$1.21$0.16
2022Detailed filing. Detailed filing data is available for this year.$1.16$0.32$0.84$1.38$1.12$0.25
2021Detailed filing. Detailed filing data is available for this year.$0.94$0.35$0.59$1.15$1.07$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.80$0.29$0.51$1.25$0.96$0.29
2019Detailed filing. Detailed filing data is available for this year.$0.44$0.22$0.21$1.01$0.95$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.45$0.30$0.15$1.02$1.04$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.46$0.30$0.17$0.99$0.92$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.46$0.36$0.10$0.95$1.02$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.45$0.29$0.17$0.92$0.92$0.00