Civic Intelligence

Laurens Academy Inc.

990 • Fiscal year 2019 • EIN 57-1028384

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 12, 2019

PO Box 425Laurens, SC 29360

(864) 682-2324

Siviq Scores

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

Liabilities / Assets

84th percentile

0.59x

Higher debt load relative to assets than 84% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

0.91x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

50th percentile

3.3%

Higher net margin than 50% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

44th percentile

$45,990

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

36th percentile

-0.7%

Faster asset growth than 36% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

41st percentile

0.9%

Faster revenue growth than 41% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,095,583

Down $13,878 (-0.7%) from 2018

Net Assets

Up

$852,289

Up $45,522 (+5.6%) from 2018

Liabilities

Down

$1,243,294

Down $59,400 (-4.6%) from 2018

Revenue

Up

$1,369,539

Up $11,648 (+0.9%) from 2018

Expenses

Down

$1,324,017

Down $22,696 (-1.7%) from 2018

Net Income

Up

$45,522

Up $34,344 (+307%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,219,720Liabilities 2011: $1,283,735Net Assets 2011: $935,9852011Assets 2012: $2,196,275Liabilities 2012: $1,273,885Net Assets 2012: $922,3902012Assets 2013: $2,251,041Liabilities 2013: $1,228,629Net Assets 2013: $1,022,4122013Assets 2014: $2,143,142Liabilities 2014: $1,177,163Net Assets 2014: $965,9792014Assets 2015: $2,319,059Liabilities 2015: $1,410,557Net Assets 2015: $908,5022015Assets 2016: $2,199,716Liabilities 2016: $1,379,995Net Assets 2016: $819,7212016Assets 2017: $2,137,233Liabilities 2017: $1,361,800Net Assets 2017: $775,4332017Assets 2018: $2,109,461Liabilities 2018: $1,302,694Net Assets 2018: $806,7672018Assets 2019: $2,095,583Liabilities 2019: $1,243,294Net Assets 2019: $852,2892019Assets 2020: $2,182,954Liabilities 2020: $1,322,616Net Assets 2020: $860,3382020Assets 2021: $2,137,517Liabilities 2021: $1,264,629Net Assets 2021: $872,8882021Assets 2022: $2,669,661Liabilities 2022: $1,062,362Net Assets 2022: $1,607,2992022Assets 2023: $2,582,529Liabilities 2023: $1,189,557Net Assets 2023: $1,392,9722023Assets 2024: $4,334,504Liabilities 2024: $2,229,506Net Assets 2024: $2,104,9982024Assets 2025: $3,797,444Liabilities 2025: $2,387,685Net Assets 2025: $1,409,7592025

Highlighted filing

2019

Assets$2,095,583
Liabilities$1,243,294
Net Assets$852,289

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,166,556Expenses 2011: $1,113,093Net Income 2011: $53,4632011Expenses 2012: $1,218,0612012Revenue 2013: $1,456,748Expenses 2013: $1,356,726Net Income 2013: $100,0222013Revenue 2014: $1,317,202Expenses 2014: $1,374,600Net Income 2014: -$57,3982014Revenue 2015: $1,244,026Expenses 2015: $1,301,503Net Income 2015: -$57,4772015Revenue 2016: $1,182,500Expenses 2016: $1,271,281Net Income 2016: -$88,7812016Revenue 2017: $1,253,837Expenses 2017: $1,264,202Net Income 2017: -$10,3652017Revenue 2018: $1,357,891Expenses 2018: $1,346,713Net Income 2018: $11,1782018Revenue 2019: $1,369,539Expenses 2019: $1,324,017Net Income 2019: $45,5222019Revenue 2020: $1,354,570Expenses 2020: $1,346,521Net Income 2020: $8,0492020Revenue 2021: $1,322,618Expenses 2021: $1,310,068Net Income 2021: $12,5502021Revenue 2022: $2,003,707Expenses 2022: $1,269,296Net Income 2022: $734,4112022Revenue 2023: $1,832,798Expenses 2023: $2,047,385Net Income 2023: -$214,5872023Revenue 2024: $2,557,367Expenses 2024: $1,948,042Net Income 2024: $609,3252024Revenue 2025: $2,173,351Expenses 2025: $1,744,605Net Income 2025: $428,7462025

Highlighted filing

2019

Revenue$1,369,539
Expenses$1,324,017
Net Income$45,522
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$1,369,539
Mission and Program Overview

Mission

Laurens academy, inc. Provides a safe, secure environment that will enhance each student's opportunity to develop to his or her highest potential academically, emotionally, physically, socially, and spiritually.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,778,160$1,709,947▼ $68,213
Cash and Non-Interest-Bearing Accounts$154,587$180,032▲ $25,445
Accounts Receivable$121,538$155,620▲ $34,082
Intangible Assets$55,176$49,984▼ $5,192
Total Assets$2,109,461$2,095,583▼ $13,878
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,217,097$1,164,929▼ $52,168
Other Liabilities$77,143$66,390▼ $10,753
Accounts Payable and Accrued Expenses$8,454$11,975▲ $3,521
Total Liabilities$1,302,694$1,243,294▼ $59,400
Net Assets / Fund Balance
Unrestricted Net Assets$806,767$852,289▲ $45,522
Total Net Assets Fund Balance$806,767$852,289▲ $45,522
Total Liabilities and Net Assets / Fund Balance$2,109,461$2,095,583▼ $13,878

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$650,464$874,367$1,524,831
Land$924,663-$924,663
Other Land Buildings$101,834$194,025$295,859
Equipment$32,986$243,986$276,972
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Todd KirkHeadmasterFT$45,990$45,990

Board Members and Trustees

NameTitle
Adam BruyereTrustee/dire
Amy RiddleTrustee/dire
Andy HowardTrustee/dire
Angela MarlettTrustee/dire
Brant ArmstrongTrustee/dire
Frances BatesTrustee/dire
Michael PostTrustee/dire
Suzanne LowryTrustee/dire
Tom RobertonTrustee/dire
Revenue and Support

Revenue Composition

Contributions and Grants
$35,746
Program Service Revenue
$1,333,793
Investment Income
$0
Other Revenue
$0
All Other Contributions
$35,746
Change in Net Assets
$45,522
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$672,152
Salaries, Compensation, and Employee Benefits$651,865
Total Fundraising Expense$47,213
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$462,749$54,441$27,221$544,411
All Other Expenses$44,083$65,785$2,777$112,645
Depreciation Depletion$61,621$7,250$3,625$72,496
Interest$49,892$5,870$2,935$58,697
Current Officers, Directors, Trustees, and Key Employees$39,092$4,599$2,299$45,990
Payroll Taxes$36,945$4,346$2,173$43,464
Other Expenses$43,704$33,434$2,551$33,434
Other Employee Benefits$15,300$1,800$900$18,000
Office Expenses-$16,669-$16,669
Insurance-$15,383-$15,383
Advertising--$2,732$2,732
Fees for Services Accounting-$1,230-$1,230
Total Functional Expenses$1,060,895$215,909$47,213$1,324,017
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit-suntrust$65,052
Other$1,338
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, Page 6, Part VI, Line 11B

Review will be conducted by the individual authorized to sign the return.

Form 990, Page 6, Part VI, Line 19

Documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Laurens Academy Inc
EIN
57-1028384
Phone
8646822324
Address
PO BOX 425, LAURENS, SC 29360

Signing Officer

Name
Todd Kirk
Title
Headmaster
Phone
8646822324
Signed
2019-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Kirk
Formed
1994
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
35

Preparer

Firm
Mckinley Cooper & Co LLC
Address
777 LOWNDES HILL RD BLDG 3 STE 225, GREENVILLE, SC 29607-2131
Preparer
Toni R Mckinley
Phone
8642331800
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Other program related expenses

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IRS990/PYProgramServiceRevenueAmt01320551
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IRS990/PYSalariesCompEmpBnftPaidAmt0663667
IRS990/PYTotalExpensesAmt01346713
IRS990/PYTotalRevenueAmt01357891
IRS990/ReconcilationRevenueExpnssAmt045522
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01333793
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0874367
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0243986
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM RELATED EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEW WILL BE CONDUCTED BY THE INDIVIDUAL AUTHORIZED TO SIGN THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990/TotalProgramServiceExpensesAmt01060895
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IRS990/TotalReportableCompFromOrgAmt045990
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0806767
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0LAURENS
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029360
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.LAURENSACADEMY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TODD KIRK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEADMASTER
ReturnHeader/BusinessOfficerGrp/PhoneNum08646822324
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAURENS ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0LAUR
ReturnHeader/Filer/EIN0571028384
ReturnHeader/Filer/PhoneNum08646822324
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 425
ReturnHeader/Filer/USAddress/CityNm0LAURENS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029360
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DF8A2A176837A5F0DCC1EDB08DF7E6959FC217C3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DF8A2A176837A5F0DCC1EDB08DF7E6959FC217C3
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0156.19.1.14
ReturnHeader/FilingSecurityInformation/IPDt02019-11-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:02:45
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272826067
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCKINLEY COOPER & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0777 LOWNDES HILL RD BLDG 3 STE 225
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0296072131
ReturnHeader/PreparerPersonGrp/PhoneNum08642331800
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TONI R MCKINLEY
ReturnHeader/ReturnTs02019-11-12T16:02:45-06:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.80$2.39$1.41$2.17$1.74$0.43
2024Detailed filing. Detailed filing data is available for this year.$4.33$2.23$2.10$2.56$1.95$0.61
2023Detailed filing. Detailed filing data is available for this year.$2.58$1.19$1.39$1.83$2.05$0.21
2022Detailed filing. Detailed filing data is available for this year.$2.67$1.06$1.61$2.00$1.27$0.73
2021Detailed filing. Detailed filing data is available for this year.$2.14$1.26$0.87$1.32$1.31$0.01
2020Detailed filing. Detailed filing data is available for this year.$2.18$1.32$0.86$1.35$1.35$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.10$1.24$0.85$1.37$1.32$0.05
2018Summary only. Only limited summary data is available for this year.$2.11$1.30$0.81$1.36$1.35$0.01
2017Summary only. Only limited summary data is available for this year.$2.14$1.36$0.78$1.25$1.26$0.01
2016Summary only. Only limited summary data is available for this year.$2.20$1.38$0.82$1.18$1.27$0.09
2015Summary only. Only limited summary data is available for this year.$2.32$1.41$0.91$1.24$1.30$0.06
2014Summary only. Only limited summary data is available for this year.$2.14$1.18$0.97$1.32$1.37$0.06
2013Summary only. Only limited summary data is available for this year.$2.25$1.23$1.02$1.46$1.36$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$1.27$0.92$1.22
2011Summary only. Only limited summary data is available for this year.$2.22$1.28$0.94$1.17$1.11$0.05