Civic Intelligence

Colleton Preparatory Academy Inc.

990 • Fiscal year 2016 • EIN 57-0886152

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

Organization ProfileWWW.COLLETONPREP.ORG
PO Box 1426Walterboro, SC 29488

(843) 538-8959

Siviq Scores

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

Liabilities / Assets

97th percentile

1.57x

Higher debt load relative to assets than 97% of similar nonprofits.

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

Liabilities / Revenue

89th percentile

1.78x

Higher debt load relative to revenue than 89% of similar nonprofits.

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

Net Margin

37th percentile

-1.5%

Higher net margin than 37% of similar nonprofits.

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

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

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

Asset Growth

83rd percentile

22%

Faster asset growth than 83% of similar nonprofits.

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

Revenue Growth

64th percentile

9.4%

Faster revenue growth than 64% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$1,632,724

Up $293,782 (+22%) from 2015

Net Assets

Down

-$936,400

Down $21,060 (-2.3%) from 2015

Liabilities

Up

$2,569,124

Up $314,842 (+14%) from 2015

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin37th percentile

Revenue

Up

$1,441,061

Up $123,544 (+9.4%) from 2015

Expenses

Up

$1,462,121

Up $63,644 (+4.6%) from 2015

Net Income

Up

-$21,060

Up $59,900 (+74%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$4.0M$2.0M$0-$2.0MAssets 2011: $1,554,486Liabilities 2011: $1,858,071Net Assets 2011: -$303,5852011Assets 2012: $1,416,841Liabilities 2012: $1,994,635Net Assets 2012: -$577,7942012Assets 2013: $1,596,796Liabilities 2013: $2,200,702Net Assets 2013: -$603,9062013Assets 2014: $1,375,894Liabilities 2014: $2,210,274Net Assets 2014: -$834,3802014Assets 2015: $1,338,942Liabilities 2015: $2,254,282Net Assets 2015: -$915,3402015Assets 2016: $1,632,724Liabilities 2016: $2,569,124Net Assets 2016: -$936,4002016Assets 2017: $1,950,466Liabilities 2017: $2,814,600Net Assets 2017: -$864,1342017Assets 2018: $2,083,986Liabilities 2018: $2,834,628Net Assets 2018: -$750,6422018Assets 2019: $2,022,192Liabilities 2019: $2,633,353Net Assets 2019: -$611,1612019Assets 2020: $2,088,639Liabilities 2020: $2,779,088Net Assets 2020: -$690,4492020Assets 2021: $2,769,666Liabilities 2021: $3,056,270Net Assets 2021: -$286,6042021Assets 2022: $3,363,120Liabilities 2022: $3,506,602Net Assets 2022: -$143,4822022Assets 2023: $1,129,161Liabilities 2023: $1,494,787Net Assets 2023: -$365,6262023Assets 2024: $2,181,845Liabilities 2024: $1,536,000Net Assets 2024: $645,8452024

Highlighted filing

2016

Assets$1,632,724
Liabilities$2,569,124
Net Assets-$936,400
Open 2016 Filing

Operations Trend

Revenue Growth64th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,618,237Expenses 2011: $1,600,964Net Income 2011: $17,2732011Revenue 2012: $1,239,816Expenses 2012: $1,514,025Net Income 2012: -$274,2092012Revenue 2013: $1,339,269Expenses 2013: $1,365,381Net Income 2013: -$26,1122013Revenue 2014: $1,193,297Expenses 2014: $1,423,771Net Income 2014: -$230,4742014Revenue 2015: $1,317,517Expenses 2015: $1,398,477Net Income 2015: -$80,9602015Revenue 2016: $1,441,061Expenses 2016: $1,462,121Net Income 2016: -$21,0602016Revenue 2017: $1,660,288Expenses 2017: $1,588,022Net Income 2017: $72,2662017Revenue 2018: $1,896,602Expenses 2018: $1,783,110Net Income 2018: $113,4922018Revenue 2019: $2,041,043Expenses 2019: $1,901,562Net Income 2019: $139,4812019Revenue 2020: $2,112,244Expenses 2020: $2,191,532Net Income 2020: -$79,2882020Revenue 2021: $2,653,252Expenses 2021: $2,249,407Net Income 2021: $403,8452021Revenue 2022: $2,813,823Expenses 2022: $2,670,701Net Income 2022: $143,1222022Revenue 2023: $3,029,779Expenses 2023: $3,251,923Net Income 2023: -$222,1442023Revenue 2024: $4,215,353Expenses 2024: $3,203,882Net Income 2024: $1,011,4712024

Highlighted filing

2016

Revenue$1,441,061
Expenses$1,462,121
Net Income-$21,060
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$1,441,061
Mission and Program Overview

Mission

The academy enables students in grades k4-12(0-3 yrs old have also been added) to obtain a quality education. Students benefit from small class sizes and have the ability to participate in a variety of clubs and activities. There were 359 students this year.

The academy enables students in grades k4-12 to obtain a quality education. Students benefit from small class sizes and have the ability to participate in a variety of clubs and activities. There were 257 students this year.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$702,199$1,035,423▲ $333,224
Land, Buildings, and Equipment, Net$574,507$549,449▼ $25,058
Cash and Non-Interest-Bearing Accounts$54,039$40,377▼ $13,662
Prepaid Expenses and Deferred Charges$8,197$7,475▼ $722
Total Assets$1,338,942$1,632,724▲ $293,782
Liabilities
Deferred Revenue$1,137,450$1,485,702▲ $348,252
Mortgage Notes Payable Secured by Investment Property$1,006,933$943,739▼ $63,194
Other Liabilities$108,452$117,078▲ $8,626
Accounts Payable and Accrued Expenses$1,447$22,605▲ $21,158
Total Liabilities$2,254,282$2,569,124▲ $314,842
Net Assets / Fund Balance
Unrestricted Net Assets$-915,340$-936,400▼ $21,060
Total Net Assets Fund Balance$-915,340$-936,400▼ $21,060
Total Liabilities and Net Assets / Fund Balance$1,338,942$1,632,724▲ $293,782

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$530,824$934,469$1,465,293
Equipment-$511,190$511,190
Land$18,625-$18,625
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Heath GriffithChairman
Michael JacksonVice Chairman
Everette BootleDirector
Richard BrelandDirector
Shannon PyeDirector
Timmy BentonDirector
Tommy CarrollDirector
Wesley JonesDirector
Josh WhiteSecretary
Robin WallingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$86,729
Program Service Revenue
$1,351,752
Investment Income
$0
Other Revenue
$2,580
Change in Net Assets
$-21,060
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,059,870
Other Expenses$402,251
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$807,892$163,811-$971,703
Occupancy$109,598$26,476-$136,074
Payroll Taxes$74,101$14,066-$88,167
Information Technology$57,035$19,012-$76,047
Interest$53,290--$53,290
Other Expenses$42,529$3,601-$42,529
Insurance$36,142--$36,142
Depreciation Depletion$25,058--$25,058
Office Expenses$3,548$1,910-$5,458
Advertising$1,210--$1,210
Total Functional Expenses$1,223,867$238,254$0$1,462,121
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Capital Cam$51,229$51,229-$51,229
Annual Fund$30,911$30,911-$30,911
Total Events$86,729$86,729-$86,729
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Activity Accounts$54,722
Accrued Salaries and Pr Taxes$51,794
Due to Ricoh$6,842
Payroll Tax Liabilities$3,640
Life Insurance Payable$80
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
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 governing body review Part VI line 11

“The board of directors has a finance committee that reviews form 990”

CEO executive director top management comp Part VI line 15A

“The head of school confers with the south carolina independent school association(scisa). Scisa has comparatives that the head of school uses as a guide.”

Other officer or key employee compensation Part VI line 15B

“The finance committee confers with the south carolina independent school association(scisa). Scisa has comparatives that the finance committee uses as a guide.”

Governing documents etc available to public Part VI line 19

“Interested individuals may schedule an appointment with the head of school to review the financial statements.”

Filing and Contact Details

Filer

Filer Name
Colleton Preparatory Academy Inc
EIN
57-0886152
Address
PO BOX 1426, WALTERBORO, SC 29488

Signing Officer

Name
Jill Burttram
Title
Head of School
Phone
8435388959
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heath Griffith
Formed
1991
Legal Domicile
Sc
Voting Board Members
10
Independent Board Members
10
Employees
62
Volunteers
250

Preparer

Firm
Wallings Accounting & Tax Service
Address
309 Maxey St, Walterboro, SC 29488
Preparer
Robin J Walling
Phone
8435388786
Supplemental Narrative

Additional Explanations

Unrelated business income explanation Part V line 3B

“The academy has no unrelated business gross income of $1,000 or more during the year”

General explanation attachment

“Current board member, robin j walling, ea prepared the income tax return. No fees are paid to her or her accounting firm, wallings accounting & tax service, llc”

Raw XML AppendixShowing 400 of 432 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01447
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt022605
IRS990/AccountsReceivableGrp/BOYAmt0702199
IRS990/AccountsReceivableGrp/EOYAmt01035423
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE ACADEMY ENABLES STUDENTS IN GRADES K4-12 TO OBTAIN A QUALITY EDUCATION. STUDENTS BENEFIT FROM SMALL CLASS SIZES AND HAVE THE ABILITY TO PARTICIPATE IN A VARIETY OF CLUBS AND ACTIVITIES. THERE WERE 257 STUDENTS THIS YEAR.
IRS990/AdvertisingGrp/ProgramServicesAmt01210
IRS990/AdvertisingGrp/TotalAmt01210
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0COLLETON PREPARATORY ACADEMY LEAH W
IRS990/BooksInCareOfDetail/PhoneNum08435388959
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0165 ACADEMY ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0WALTERBORO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd029488
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt054039
IRS990/CashNonInterestBearingGrp/EOYAmt040377
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContriRptFundraisingEventAmt086729
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt086729
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0402251
IRS990/CYOtherRevenueAmt02580
IRS990/CYProgramServiceRevenueAmt01351752
IRS990/CYRevenuesLessExpensesAmt0-21060
IRS990/CYSalariesCompEmpBnftPaidAmt01059870
IRS990/CYTotalExpensesAmt01462121
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01441061
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt01137450
IRS990/DeferredRevenueGrp/EOYAmt01485702
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt025058
IRS990/DepreciationDepletionGrp/TotalAmt025058
IRS990/Desc0THE ACADEMY ENABLED 257 STUDENTS IN GRADES K4-12 TO OBTAIN A QUALITY EDUCATION. STUDENTS BENEFIT FROM SMALL CLASS SIZE AND HAVE THE ABILITY TO PARTICIPATE IN A VARIETY OF CLUBS AND ACTIVITES.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt062
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01223867
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt33.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt43.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt53.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0EVERETTE BOOTLE
IRS990/Form990PartVIISectionAGrp/PersonNm1SHANNON PYE
IRS990/Form990PartVIISectionAGrp/PersonNm2WESLEY JONES
IRS990/Form990PartVIISectionAGrp/PersonNm3TOMMY CARROLL
IRS990/Form990PartVIISectionAGrp/PersonNm4ROBIN WALLING
IRS990/Form990PartVIISectionAGrp/PersonNm5HEATH GRIFFITH
IRS990/Form990PartVIISectionAGrp/PersonNm6RICHARD BRELAND
IRS990/Form990PartVIISectionAGrp/PersonNm7JOSH WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm8MICHAEL JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm9TIMMY BENTON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01991
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt086729
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01441061
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt019012
IRS990/InformationTechnologyGrp/ProgramServicesAmt057035
IRS990/InformationTechnologyGrp/TotalAmt076047
IRS990/InsuranceGrp/ProgramServicesAmt036142
IRS990/InsuranceGrp/TotalAmt036142
IRS990/InterestGrp/ProgramServicesAmt053290
IRS990/InterestGrp/TotalAmt053290
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01445659
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0574507
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0549449
IRS990/LandBldgEquipCostOrOtherBssAmt01995108
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ACADEMY ENABLES STUDENTS IN GRADES K4-12 TO OBTAIN A QUALITY EDUCATION. STUDENTS BENEFIT FROM SMALL CLASS SIZES AND HAVE THE ABILITY TO PARTICIPATE IN A VARIETY OF CLUBS AND ACTIVITIES. THERE WERE 257 STUDENTS THIS YEAR.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01006933
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0943739
IRS990/NetAssetsOrFundBalancesBOYAmt0-915340
IRS990/NetAssetsOrFundBalancesEOYAmt0-936400
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0true
IRS990/NondeductibleContriDisclInd0true
IRS990/OccupancyGrp/ManagementAndGeneralAmt026476
IRS990/OccupancyGrp/ProgramServicesAmt0109598
IRS990/OccupancyGrp/TotalAmt0136074
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01910
IRS990/OfficeExpensesGrp/ProgramServicesAmt03548
IRS990/OfficeExpensesGrp/TotalAmt05458
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BANK CHARGES AND COLLECTION
IRS990/OtherExpensesGrp/Desc1EQUIPMENT LEASES
IRS990/OtherExpensesGrp/Desc2DUES PROF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3BOOK DUAL CREDIT STUDENT E
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0567
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18811
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23601
IRS990/OtherExpensesGrp/ProgramServicesAmt01052
IRS990/OtherExpensesGrp/ProgramServicesAmt18811
IRS990/OtherExpensesGrp/ProgramServicesAmt23601
IRS990/OtherExpensesGrp/ProgramServicesAmt342529
IRS990/OtherExpensesGrp/TotalAmt01619
IRS990/OtherExpensesGrp/TotalAmt117622
IRS990/OtherExpensesGrp/TotalAmt27202
IRS990/OtherExpensesGrp/TotalAmt342529
IRS990/OtherLiabilitiesGrp/BOYAmt0108452
IRS990/OtherLiabilitiesGrp/EOYAmt0117078
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0PALMETTO KIDS SCH
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02580
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02580
IRS990/OtherRevenueTotalAmt02580
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0163811
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0807892
IRS990/OtherSalariesAndWagesGrp/TotalAmt0971703
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014066
IRS990/PayrollTaxesGrp/ProgramServicesAmt074101
IRS990/PayrollTaxesGrp/TotalAmt088167
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08197
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07475
IRS990/PrincipalOfficerNm0HEATH GRIFFITH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION BLDG OTH FEES
IRS990/ProgramServiceRevenueGrp/Desc1CANTEENNET
IRS990/ProgramServiceRevenueGrp/Desc2ACTIVITES NET
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01250211
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt135068
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt266473
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01250211
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt135068
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt266473
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0105917
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0422324
IRS990/PYProgramServiceRevenueAmt01211600
IRS990/PYRevenuesLessExpensesAmt0-80960
IRS990/PYSalariesCompEmpBnftPaidAmt0976153
IRS990/PYTotalExpensesAmt01398477
IRS990/PYTotalRevenueAmt01317517
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-21060
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0530824
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0934469
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01465293
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0511190
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0511190
IRS990ScheduleD/LandGrp/BookValueAmt018625
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt018625
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE TO ACTIVITY ACCOUNT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt054722
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt151794
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt280
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt36842
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt43640
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACTIVITY ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED SALARIES AND PR TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LIFE INSURANCE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO RICOH
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4PAYROLL TAX LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0549449
IRS990ScheduleD/TotalLiabilityAmt0117078
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/ExplanationTxt0NONDISCRIMINATORY POLICY IS CLEARLY STATED ON PRINTED BROCHURES, BILLBOARDS, WEBSITE, AND NEWSPAPER ADS
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of nondiscriminatory policy (Question 3)
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL FUND
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0CAPITAL CAM
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt030911
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt051229
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt04589
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt086729
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt030911
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt051229
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt04589
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt086729
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt086729
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY HAS NO UNRELATED BUSINESS GROSS INCOME OF $1,000 OR MORE DURING THE YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS HAS A FINANCE COMMITTEE THAT REVIEWS FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE HEAD OF SCHOOL CONFERS WITH THE SOUTH CAROLINA INDEPENDENT SCHOOL ASSOCIATION(SCISA). SCISA HAS COMPARATIVES THAT THE HEAD OF SCHOOL USES AS A GUIDE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FINANCE COMMITTEE CONFERS WITH THE SOUTH CAROLINA INDEPENDENT SCHOOL ASSOCIATION(SCISA). SCISA HAS COMPARATIVES THAT THE FINANCE COMMITTEE USES AS A GUIDE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INTERESTED INDIVIDUALS MAY SCHEDULE AN APPOINTMENT WITH THE HEAD OF SCHOOL TO REVIEW THE FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CURRENT BOARD MEMBER, ROBIN J WALLING, EA PREPARED THE INCOME TAX RETURN. NO FEES ARE PAID TO HER OR HER ACCOUNTING FIRM, WALLINGS ACCOUNTING & TAX SERVICE, LLC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Unrelated business income explanation Part V line 3b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5General explanation attachment
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01338942
IRS990/TotalAssetsEOYAmt01632724
IRS990/TotalAssetsGrp/BOYAmt01338942
IRS990/TotalAssetsGrp/EOYAmt01632724
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt086729
IRS990/TotalEmployeeCnt062
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0238254
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01223867
IRS990/TotalFunctionalExpensesGrp/TotalAmt01462121
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02254282
IRS990/TotalLiabilitiesEOYAmt02569124
IRS990/TotalLiabilitiesGrp/BOYAmt02254282
IRS990/TotalLiabilitiesGrp/EOYAmt02569124
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-915340
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-936400
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01223867
IRS990/TotalProgramServiceRevenueAmt01351752
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01354332
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01441061
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0250
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01338942
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01632724
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-915340
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-936400
IRS990/UponRequestInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,632,724
Liabilities
$2,569,124
Net assets
-$936,400
Revenue
$1,441,061
Expenses
$1,462,121
Net income
-$21,060
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.18$1.54$0.65$4.22$3.20$1.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$1.49$0.37$3.03$3.25$0.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.36$3.51$0.14$2.81$2.67$0.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$3.06$0.29$2.65$2.25$0.40
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.09$2.78$0.69$2.11$2.19$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.02$2.63$0.61$2.04$1.90$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.08$2.83$0.75$1.90$1.78$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$2.81$0.86$1.66$1.59$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.63$2.57$0.94$1.44$1.46$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.34$2.25$0.92$1.32$1.40$0.08
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$2.21$0.83$1.19$1.42$0.23
2013Summary only. Only limited summary data is available for this year.$1.60$2.20$0.60$1.34$1.37$0.03
2012Summary only. Only limited summary data is available for this year.$1.42$1.99$0.58$1.24$1.51$0.27
2011Summary only. Only limited summary data is available for this year.$1.55$1.86$0.30$1.62$1.60$0.02