Civic Intelligence

Laurens Academy Inc.

990 • Fiscal year 2024 • EIN 57-1028384

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 08, 2024

Organization ProfileWWW.LAURENSACADEMY.COM
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

0.51x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

0.87x

Higher debt load relative to revenue than 87% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

76th percentile

24%

Higher net margin than 76% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

47th percentile

$48,685

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

92nd percentile

68%

Faster asset growth than 92% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

40%

Faster revenue growth than 79% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$4,334,504

Up $1,751,975 (+68%) from 2023

Net Assets

Up

$2,104,998

Up $712,026 (+51%) from 2023

Liabilities

Up

$2,229,506

Up $1,039,949 (+87%) from 2023

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin76th percentile

Revenue

Up

$2,557,367

Up $724,569 (+40%) from 2023

Expenses

Down

$1,948,042

Down $99,343 (-4.9%) from 2023

Net Income

Up

$609,325

Up $823,912 (+384%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

2024

Assets$4,334,504
Liabilities$2,229,506
Net Assets$2,104,998
Open 2024 Filing

Operations Trend

Revenue Growth79th percentile

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

2024

Revenue$2,557,367
Expenses$1,948,042
Net Income$609,325
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 8, 2024
Return Version
2023v5.0
Gross Receipts
$2,557,367
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$1,903,556$3,722,766▲ $1,819,210
Cash and Non-Interest-Bearing Accounts$454,283$356,774▼ $97,509
Accounts Receivable$185,090$214,917▲ $29,827
Intangible Assets$39,600$40,047▲ $447
Total Assets$2,582,529$4,334,504▲ $1,751,975
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,096,146$2,159,675▲ $1,063,529
Accounts Payable and Accrued Expenses$93,411$62,447▼ $30,964
Other Liabilities-$7,384-
Total Liabilities$1,189,557$2,229,506▲ $1,039,949
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,392,972$2,104,998▲ $712,026
Total Net Assets Fund Balance$1,392,972$2,104,998▲ $712,026
Total Liabilities and Net Assets / Fund Balance$2,582,529$4,334,504▲ $1,751,975

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,953,213$179,678$2,132,891
Buildings$431,544$985,135$1,416,679
Land$924,663-$924,663
Equipment$413,346$419,245$832,591
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Todd KirkHeadmasterFT$48,685$48,685

Board Members and Trustees

NameTitle
Andy HowardTrustee/dire
Ben IrwinTrustee/dire
Elizabeth MerlinTrustee/dire
Karla FreyTrustee/dire
Lee LittleTrustee/dire
Melissa MullinaxTrustee/dire
Sara MooreTrustee/dire
Wendi NixTrustee/dire
Willie RobinsonTrustee/dire
Revenue and Support

Revenue Composition

Contributions and Grants
$370,173
Program Service Revenue
$2,183,345
Investment Income
$3,849
Other Revenue
$0
All Other Contributions
$370,173
Change in Net Assets
$609,325
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,001,389
Salaries, Compensation, and Employee Benefits$946,653
Total Fundraising Expense$2,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$574,467$101,376-$675,843
Other Expenses$433,042$53,211$2,000$488,253
Depreciation Depletion$382,775--$382,775
Payroll Taxes$169,183$29,856-$199,039
Interest-$67,460-$67,460
Current Officers, Directors, Trustees, and Key Employees$41,382$7,303-$48,685
Insurance-$43,315-$43,315
Other Employee Benefits$19,623$3,463-$23,086
Office Expenses-$17,790-$17,790
Fees for Services Accounting-$1,796-$1,796
Total Functional Expenses$1,620,472$325,570$2,000$1,948,042
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$7,384
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
2024-11-08
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
38
Volunteers
10

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 Appendix366 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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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01416679
IRS990ScheduleD/EquipmentGrp/BookValueAmt0413346
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0419245
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0832591
IRS990ScheduleD/LandGrp/BookValueAmt0924663
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0924663
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01953213
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0179678
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02132891
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07384
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL EXCESS FUNDS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03722766
IRS990ScheduleD/TotalLiabilityAmt07384
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/TotalAssetsBOYAmt02582529
IRS990/TotalAssetsEOYAmt04334504
IRS990/TotalAssetsGrp/BOYAmt02582529
IRS990/TotalAssetsGrp/EOYAmt04334504
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0370173
IRS990/TotalEmployeeCnt038
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02000
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0325570
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01620472
IRS990/TotalFunctionalExpensesGrp/TotalAmt01948042
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01189557
IRS990/TotalLiabilitiesEOYAmt02229506
IRS990/TotalLiabilitiesGrp/BOYAmt01189557
IRS990/TotalLiabilitiesGrp/EOYAmt02229506
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01392972
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02104998
IRS990/TotalOtherProgSrvcExpenseAmt0382775
IRS990/TotalProgramServiceExpensesAmt01620472
IRS990/TotalProgramServiceRevenueAmt02183345
IRS990/TotalReportableCompFromOrgAmt048685
IRS990/TotalRevenueGrp/ExclusionAmt03849
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02183345
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02557367
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02582529
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04334504
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/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TODD KIRK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEADMASTER
ReturnHeader/BusinessOfficerGrp/PhoneNum08646822324
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-08
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/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02024-11-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TONI R MCKINLEY
ReturnHeader/ReturnTs02024-11-25T10:18:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,334,504
Liabilities
$2,229,506
Net assets
$2,104,998
Revenue
$2,557,367
Expenses
$1,948,042
Net income
$609,325
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