Civic Intelligence

Jubilee Academy Inc.

990 • Fiscal year 2021 • EIN 57-1119456

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 14, 2022

PO Box 4476Columbia, SC 29240

(803) 787-3009

Siviq Scores

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

Liabilities / Assets

96th percentile

1.37x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

0.52x

Higher debt load relative to revenue than 91% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

39th percentile

1.4%

Higher net margin than 39% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

93rd percentile

$54,167

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 13.3% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

52nd percentile

7.0%

Faster asset growth than 52% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

79th percentile

65%

Faster revenue growth than 79% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$154,078

Up $10,142 (+7.0%) from 2020

Net Assets

Up

-$57,460

Up $6,018 (+9.5%) from 2020

Liabilities

Up

$211,538

Up $4,124 (+2.0%) from 2020

Revenue

Up

$407,918

Up $160,347 (+65%) from 2020

Expenses

Up

$402,025

Up $8,308 (+2.1%) from 2020

Net Income

Up

$5,893

Up $152,039 (+104%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2010: $27,508Liabilities 2010: $28,227Net Assets 2010: -$7192010Assets 2011: $67,777Liabilities 2011: $51,862Net Assets 2011: $15,9152011Assets 2012: $74,828Liabilities 2012: $65,897Net Assets 2012: $8,9312012Assets 2013: $134,433Liabilities 2013: $23,458Net Assets 2013: $110,9752013Assets 2014: $40,438Liabilities 2014: $1,024Net Assets 2014: $39,4142014Assets 2015: $10,507Liabilities 2015: $6,606Net Assets 2015: $3,9012015Assets 2016: $23,627Liabilities 2016: $31,176Net Assets 2016: -$7,5492016Assets 2017: $83,975Liabilities 2017: $989Net Assets 2017: $82,9862017Assets 2018: $41,841Liabilities 2018: $2,983Net Assets 2018: $38,8582018Assets 2019: $37,871Liabilities 2019: $463Net Assets 2019: $37,4082019Assets 2020: $143,936Liabilities 2020: $207,414Net Assets 2020: -$63,4782020Assets 2021: $154,078Liabilities 2021: $211,538Net Assets 2021: -$57,4602021Assets 2022: $278,078Liabilities 2022: $205,759Net Assets 2022: $72,3192022Assets 2023: $93,925Liabilities 2023: $195,163Net Assets 2023: -$101,2382023Assets 2024: $3,935,363Liabilities 2024: $197,877Net Assets 2024: $3,737,4862024

Highlighted filing

2021

Assets$154,078
Liabilities$211,538
Net Assets-$57,460

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $247,768Expenses 2010: $256,043Net Income 2010: -$8,2752010Revenue 2011: $275,581Expenses 2011: $258,947Net Income 2011: $16,6342011Expenses 2012: $378,9182012Revenue 2013: $542,334Expenses 2013: $440,290Net Income 2013: $102,0442013Revenue 2014: $238,591Expenses 2014: $310,152Net Income 2014: -$71,5612014Revenue 2015: $366,219Expenses 2015: $399,089Net Income 2015: -$32,8702015Revenue 2016: $372,112Expenses 2016: $388,322Net Income 2016: -$16,2102016Revenue 2017: $484,672Expenses 2017: $394,013Net Income 2017: $90,6592017Revenue 2018: $352,517Expenses 2018: $369,707Net Income 2018: -$17,1902018Revenue 2019: $402,307Expenses 2019: $406,527Net Income 2019: -$4,2202019Revenue 2020: $247,571Expenses 2020: $393,717Net Income 2020: -$146,1462020Revenue 2021: $407,918Expenses 2021: $402,025Net Income 2021: $5,8932021Revenue 2022: $603,226Expenses 2022: $472,629Net Income 2022: $130,5972022Revenue 2023: $414,754Expenses 2023: $562,978Net Income 2023: -$148,2242023Revenue 2024: $4,378,613Expenses 2024: $539,805Net Income 2024: $3,838,8082024

Highlighted filing

2021

Revenue$407,918
Expenses$402,025
Net Income$5,893
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 14, 2022
Return Version
2021v4.0
Gross Receipts
$407,918
Mission and Program Overview

Mission

To positively impact the lives of minority children in poverty strickened communities in the metropolitan area through education and religion.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$119,343$124,239▲ $4,896
Accounts Receivable$24,593$29,839▲ $5,246
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$143,936$154,078▲ $10,142
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$206,400$206,400→ $0
Accounts Payable and Accrued Expenses$1,014$5,138▲ $4,124
Total Liabilities$207,414$211,538▲ $4,124
Net Assets / Fund Balance
Net Assets With Donor Restrictions$34,915$34,915→ $0
Net Assets Without Donor Restrictions$-98,393$-92,375▲ $6,018
Total Net Assets Fund Balance$-63,478$-57,460▲ $6,018
Total Liabilities and Net Assets / Fund Balance$143,936$154,078▲ $10,142

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$6,189$6,189
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sandra L HensleyExecutive DirectorFT$54,167$54,167

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$387,872
Program Service Revenue
$20,006
Investment Income
$40
Other Revenue
$0
All Other Contributions
$387,872
Change in Net Assets
$5,893
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$242,085
Other Expenses$159,940
Total Fundraising Expense$12,524
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$141,184$31,924$3,540$176,648
Current Officers, Directors, Trustees, and Key Employees$43,291$9,789$1,087$54,167
Insurance$26,336--$26,336
Payroll Taxes$8,269$2,639$362$11,270
Travel$5,843--$5,843
Other Expenses$713$257$31$1,001
Total Functional Expenses$328,365$61,136$12,524$402,025
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Mary Bear, with MEB Consulting LLC, and Sandra Hensley, Executive Director, will review the Form 990.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

JUBILEE ACADEMY offers a fair and equitable program of compensation based on salary ranges that seek to maintain internal equity and external competitiveness. Increases in salary are given on the basis of experience and performance and are also subject to budgetary constraints. Promptness, cooperation, regular attendance, job performance, appearance, attitude, and willingness to help others are all taken into consideration in determining if an employee is qualified for any increase in salary. All salaries are reviewed once a year for each employee.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

JUBILEE ACADEMY offers a fair and equitable program of compensation based on salary ranges that seek to maintain internal equity and external competitiveness. Increases in salary are given on the basis of experience and performance and are also subject to budgetary constraints. Promptness, cooperation, regular attendance, job performance, appearance, attitude, and willingness to help others are all taken into consideration in determining if an employee is qualified for any increase in salary. All salaries are reviewed once a year for each employee.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The School's governing documents, policies and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Jubilee Academy Inc
EIN
57-1119456
Phone
8037873009
Address
PO Box 4476, Columbia, SC 29240

Signing Officer

Name
Sandra L Hensley
Title
Executive Director
Signed
2022-09-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandra L Hensley
Formed
2001
Legal Domicile
Sc
Voting Board Members
4
Independent Board Members
4
Employees
23

Preparer

Firm
The Hobbs Group PA
Address
1704 Laurel Street, Columbia, SC 29201
Preparer
Will Stevens CPA
Phone
8037990555
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Prior Period Adjustment = $125

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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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06189
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06189
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/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Mary Bear, with MEB Consulting LLC, and Sandra Hensley, Executive Director, will review the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JUBILEE ACADEMY offers a fair and equitable program of compensation based on salary ranges that seek to maintain internal equity and external competitiveness. Increases in salary are given on the basis of experience and performance and are also subject to budgetary constraints. Promptness, cooperation, regular attendance, job performance, appearance, attitude, and willingness to help others are all taken into consideration in determining if an employee is qualified for any increase in salary. All salaries are reviewed once a year for each employee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2JUBILEE ACADEMY offers a fair and equitable program of compensation based on salary ranges that seek to maintain internal equity and external competitiveness. Increases in salary are given on the basis of experience and performance and are also subject to budgetary constraints. Promptness, cooperation, regular attendance, job performance, appearance, attitude, and willingness to help others are all taken into consideration in determining if an employee is qualified for any increase in salary. All salaries are reviewed once a year for each employee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The School's governing documents, policies and financial statements are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Prior Period Adjustment = $125
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0143936
IRS990/TotalAssetsEOYAmt0154078
IRS990/TotalAssetsGrp/BOYAmt0143936
IRS990/TotalAssetsGrp/EOYAmt0154078
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0387872
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012524
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt061136
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0328365
IRS990/TotalFunctionalExpensesGrp/TotalAmt0402025
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0207414
IRS990/TotalLiabilitiesEOYAmt0211538
IRS990/TotalLiabilitiesGrp/BOYAmt0207414
IRS990/TotalLiabilitiesGrp/EOYAmt0211538
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-63478
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-57460
IRS990/TotalProgramServiceExpensesAmt0328365
IRS990/TotalProgramServiceRevenueAmt020006
IRS990/TotalReportableCompFromOrgAmt054167
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt020046
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0407918
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0143936
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0154078
IRS990/TravelGrp/ProgramServicesAmt05843
IRS990/TravelGrp/TotalAmt05843
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0206400
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0206400
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.JubileeAcademySC.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Sandra L Hensley
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Jubilee Academy Inc
ReturnHeader/Filer/BusinessNameControlTxt0JUBI
ReturnHeader/Filer/EIN0571119456
ReturnHeader/Filer/PhoneNum08037873009
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 4476
ReturnHeader/Filer/USAddress/CityNm0Columbia
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029240
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0570957419
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0The Hobbs Group PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01704 Laurel Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Columbia
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029201
ReturnHeader/PreparerPersonGrp/PhoneNum08037990555
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Will Stevens CPA
ReturnHeader/ReturnTs02022-09-16T04:42:34-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Sandra L
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Hensley
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.94$0.20$3.74$4.38$0.54$3.84
2023Detailed filing. Detailed filing data is available for this year.$0.09$0.20$0.10$0.41$0.56$0.15
2022Detailed filing. Detailed filing data is available for this year.$0.28$0.21$0.07$0.60$0.47$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.15$0.21$0.06$0.41$0.40$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.14$0.21$0.06$0.25$0.39$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.40$0.41$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.35$0.37$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.48$0.39$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.02$0.03$0.01$0.37$0.39$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.00$0.37$0.40$0.03
2014Summary only. Only limited summary data is available for this year.$0.04$0.00$0.04$0.24$0.31$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.13$0.02$0.11$0.54$0.44$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.07$0.01$0.38
2011Summary only. Only limited summary data is available for this year.$0.07$0.05$0.02$0.28$0.26$0.02
2010Summary only. Only limited summary data is available for this year.$0.03$0.03$0.00$0.25$0.26$0.01