Civic Intelligence

Laurens Academy Inc.

990 • Fiscal year 2020 • EIN 57-1028384

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 18, 2020

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

85th percentile

0.61x

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

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

Liabilities / Revenue

85th percentile

0.98x

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

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

Net Margin

39th percentile

0.6%

Higher net margin than 39% of similar nonprofits.

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

Top Officer Pay

45th percentile

$45,990

Higher top officer pay than 45% of similar nonprofits.

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

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

Asset Growth

46th percentile

4.2%

Faster asset growth than 46% of similar nonprofits.

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

Revenue Growth

46th percentile

-1.1%

Faster revenue growth than 46% of similar nonprofits.

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

Assets

Up

$2,182,954

Up $87,371 (+4.2%) from 2019

Net Assets

Up

$860,338

Up $8,049 (+0.9%) from 2019

Liabilities

Up

$1,322,616

Up $79,322 (+6.4%) from 2019

Revenue

Down

$1,354,570

Down $14,969 (-1.1%) from 2019

Expenses

Up

$1,346,521

Up $22,504 (+1.7%) from 2019

Net Income

Down

$8,049

Down $37,473 (-82%) from 2019

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

2020

Assets$2,182,954
Liabilities$1,322,616
Net Assets$860,338

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

2020

Revenue$1,354,570
Expenses$1,346,521
Net Income$8,049
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 18, 2020
Return Version
2019v5.0
Gross Receipts
$1,354,570
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$1,709,947$1,681,534▼ $28,413
Cash and Non-Interest-Bearing Accounts$180,032$283,193▲ $103,161
Accounts Receivable$155,620$173,435▲ $17,815
Intangible Assets$49,984$44,792▼ $5,192
Total Assets$2,095,583$2,182,954▲ $87,371
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,164,929$1,182,703▲ $17,774
Other Liabilities$66,390$126,399▲ $60,009
Accounts Payable and Accrued Expenses$11,975$13,514▲ $1,539
Total Liabilities$1,243,294$1,322,616▲ $79,322
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$852,289$860,338▲ $8,049
Total Net Assets Fund Balance$852,289$860,338▲ $8,049
Total Liabilities and Net Assets / Fund Balance$2,095,583$2,182,954▲ $87,371

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$611,402$913,429$1,524,831
Land$924,663-$924,663
Equipment$35,436$276,853$312,289
Other Land Buildings$110,033$190,547$300,580
Compensation and Service Providers

Employees

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

Board Members and Trustees

NameTitle
Frances BatesBoard Chairm
Andy HowardTrustee/dire
Ben LangstonTrustee/dire
Megan HuckTrustee/dire
Melissa MullinaxTrustee/dire
Michael MeyerholtzTrustee/dire
Suzanne LowryTrustee/dire
Tom RobertsonTrustee/dire
Amy RiddleFinance Chai
Revenue and Support

Revenue Composition

Contributions and Grants
$126,333
Program Service Revenue
$1,228,237
Investment Income
$0
Other Revenue
$0
All Other Contributions
$126,333
Change in Net Assets
$8,049
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$686,516
Other Expenses$660,005
Total Fundraising Expense$46,097
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$488,384$57,457$28,728$574,569
All Other Expenses$11,212$78,970$574$90,756
Depreciation Depletion$58,183$6,845$3,423$68,451
Interest$46,558$5,478$2,739$54,775
Payroll Taxes$40,763$4,796$2,398$47,957
Current Officers, Directors, Trustees, and Key Employees$39,092$4,599$2,299$45,990
Other Expenses$34,012$3,950$1,975$34,012
Insurance-$18,374-$18,374
Other Employee Benefits$15,300$1,800$900$18,000
Office Expenses-$15,924-$15,924
Fees for Services Accounting-$1,096-$1,096
Advertising--$609$609
Total Functional Expenses$1,096,232$204,192$46,097$1,346,521
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
Payroll Excess Funds$113,617
Ppp Loan$12,782
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
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
2020-12-18
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
37

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

Raw XML Appendix398 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/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAM RELATED EXPENSES
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt059633
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt035746
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0672152
IRS990/PYProgramServiceRevenueAmt01333793
IRS990/PYRevenuesLessExpensesAmt045522
IRS990/PYSalariesCompEmpBnftPaidAmt0651865
IRS990/PYTotalExpensesAmt01324017
IRS990/PYTotalRevenueAmt01369539
IRS990/ReconcilationRevenueExpnssAmt08049
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01220956
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0611402
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0913429
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01524831
IRS990ScheduleD/EquipmentGrp/BookValueAmt035436
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0276853
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0312289
IRS990ScheduleD/LandGrp/BookValueAmt0924663
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0924663
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0110033
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0190547
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0300580
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0113617
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112782
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL EXCESS FUNDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PPP LOAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01681534
IRS990ScheduleD/TotalLiabilityAmt0126399
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/ExplanationTxt0DURING THE REGISTRATION PERIOD, THE POLICIES ARE MADE KNOWN.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02095583
IRS990/TotalAssetsEOYAmt02182954
IRS990/TotalAssetsGrp/BOYAmt02095583
IRS990/TotalAssetsGrp/EOYAmt02182954
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0126333
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt046097
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0204192
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01096232
IRS990/TotalFunctionalExpensesGrp/TotalAmt01346521
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01243294
IRS990/TotalLiabilitiesEOYAmt01322616
IRS990/TotalLiabilitiesGrp/BOYAmt01243294
IRS990/TotalLiabilitiesGrp/EOYAmt01322616
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0852289
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0860338
IRS990/TotalOtherProgSrvcExpenseAmt059633
IRS990/TotalProgramServiceExpensesAmt01096232
IRS990/TotalProgramServiceRevenueAmt01228237
IRS990/TotalReportableCompFromOrgAmt045990
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01228237
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01354570
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02095583
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02182954
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01023 WEST MAIN STREET
IRS990/USAddress/CityNm0LAURENS
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029360
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.LAURENSACADEMY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TODD KIRK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEADMASTER
ReturnHeader/BusinessOfficerGrp/PhoneNum08646822324
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-12-18
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/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/PreparationDt02020-12-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TONI R MCKINLEY
ReturnHeader/ReturnTs02020-12-30T11:53:10-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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