Civic Intelligence

The Carolina Academy

990 • Fiscal year 2018 • EIN 57-6036661

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 07, 2018

Organization ProfileTHECAROLINAACADEMY.ORG
351 North Country Club RoadLake City, SC 29560

(843) 374-5486

Siviq Scores

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

Liabilities / Assets

44th percentile

0.06x

Higher debt load relative to assets than 44% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

32nd percentile

0.03x

Higher debt load relative to revenue than 32% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

86th percentile

34%

Higher net margin than 86% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

95th percentile

100%

Faster asset growth than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

91st percentile

73%

Faster revenue growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$1,490,461

Up $746,119 (+100%) from 2017

Net Assets

Up

$1,406,928

Up $1,094,515 (+350%) from 2017

Liabilities

Down

$83,533

Down $348,396 (-81%) from 2017

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin86th percentile

Revenue

Up

$2,574,386

Up $1,084,821 (+73%) from 2017

Expenses

Up

$1,700,039

Up $85,224 (+5.3%) from 2017

Net Income

Up

$874,347

Up $999,597 (+798%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $717,192Liabilities 2012: $406,860Net Assets 2012: $310,3322012Assets 2013: $682,660Liabilities 2013: $455,550Net Assets 2013: $227,1102013Assets 2014: $679,381Liabilities 2014: $525,850Net Assets 2014: $153,5312014Assets 2015: $744,094Liabilities 2015: $430,659Net Assets 2015: $313,4352015Assets 2016: $765,634Liabilities 2016: $368,728Net Assets 2016: $396,9062016Assets 2017: $744,342Liabilities 2017: $431,929Net Assets 2017: $312,4132017Assets 2018: $1,490,461Liabilities 2018: $83,533Net Assets 2018: $1,406,9282018Assets 2019: $1,890,661Liabilities 2019: $232,511Net Assets 2019: $1,658,1502019Assets 2020: $1,933,957Liabilities 2020: $131,048Net Assets 2020: $1,802,9092020Assets 2021: $2,557,452Liabilities 2021: $44,508Net Assets 2021: $2,512,9442021Assets 2022: $3,491,113Liabilities 2022: $4,511Net Assets 2022: $3,486,6022022Assets 2023: $4,188,038Liabilities 2023: $343,017Net Assets 2023: $3,845,0212023Assets 2024: $4,051,699Liabilities 2024: $321,399Net Assets 2024: $3,730,3002024Assets 2025: $3,971,948Liabilities 2025: $303,630Net Assets 2025: $3,668,3182025

Highlighted filing

2018

Assets$1,490,461
Liabilities$83,533
Net Assets$1,406,928
Open 2018 Filing

Operations Trend

Revenue Growth91st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $900,7642012Expenses 2013: $1,002,9222013Revenue 2014: $960,642Expenses 2014: $1,034,221Net Income 2014: -$73,5792014Revenue 2015: $1,328,818Expenses 2015: $1,168,914Net Income 2015: $159,9042015Revenue 2016: $1,361,444Expenses 2016: $1,230,999Net Income 2016: $130,4452016Revenue 2017: $1,489,565Expenses 2017: $1,614,815Net Income 2017: -$125,2502017Revenue 2018: $2,574,386Expenses 2018: $1,700,039Net Income 2018: $874,3472018Revenue 2019: $2,231,053Expenses 2019: $1,851,517Net Income 2019: $379,5362019Revenue 2020: $1,706,053Expenses 2020: $1,892,248Net Income 2020: -$186,1952020Revenue 2021: $2,352,654Expenses 2021: $1,689,603Net Income 2021: $663,0512021Revenue 2022: $2,577,344Expenses 2022: $1,594,219Net Income 2022: $983,1252022Revenue 2023: $2,230,684Expenses 2023: $1,917,919Net Income 2023: $312,7652023Revenue 2024: $2,022,641Expenses 2024: $2,171,723Net Income 2024: -$149,0822024Revenue 2025: $2,100,796Expenses 2025: $2,162,778Net Income 2025: -$61,9822025

Highlighted filing

2018

Revenue$2,574,386
Expenses$1,700,039
Net Income$874,347
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 7, 2018
Return Version
2017v2.3
Gross Receipts
$2,599,386
Mission and Program Overview

Mission

Education - grades 3k through 12th grade

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$266,708$771,552▲ $504,844
Land, Buildings, and Equipment, Net$377,997$624,542▲ $246,545
Accounts Receivable$99,637$94,367▼ $5,270
Loans From Officers Directors$39,500--
Total Assets$744,342$1,490,461▲ $746,119
Liabilities
Deferred Revenue$227,651$45,152▼ $182,499
Mortgage Notes Payable Secured by Investment Property$119,693$29,027▼ $90,666
Accounts Payable and Accrued Expenses$45,085$9,354▼ $35,731
Total Liabilities$431,929$83,533▼ $348,396
Net Assets / Fund Balance
Unrestricted Net Assets$274,675$1,363,668▲ $1,088,993
Temporarily Rstr Net Assets$37,738$43,260▲ $5,522
Total Net Assets Fund Balance$312,413$1,406,928▲ $1,094,515
Total Liabilities and Net Assets / Fund Balance$744,342$1,490,461▲ $746,119

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$346,698$1,144,763$1,491,461
Land$277,844-$277,844
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Karole ParkerBoard Chairp
Benjamin W LambBoard Member
Carvel R CokerBoard Member
Hugh SmithBoard Member
Neil CoxBoard Member
R David CookBoard Member
Reese GrahamBoard Member
Robert W CastlesBoard Member
Scott W AskinsBoard Member
William D McdanielBoard Member
William M MatthewsBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$869,746
Program Service Revenue
$1,588,106
Investment Income
$108
Other Revenue
$116,426
All Other Contributions
$737,343
Change in Net Assets
$874,347

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Real Estate Commercial1$215,000
Total Noncash Contributions1$215,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,008,637
Other Expenses$691,402
Total Fundraising Expense$13,986
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$841,693$93,522-$935,215
Occupancy$231,497--$231,497
Payroll Taxes$66,080$7,342-$73,422
All Other Expenses$27,436$23,969-$51,405
Office Expenses$30,103$16,375-$46,478
Depreciation Depletion$35,493--$35,493
Other Expenses$34,189--$34,189
Insurance$32,067--$32,067
Advertising$3,213-$13,986$17,199
Fees for Services Accounting-$7,448-$7,448
Fees for Services Other$5,155--$5,155
Interest$3,733--$3,733
Total Functional Expenses$1,537,397$148,656$13,986$1,700,039
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$119,878
Fundraising Direct Expenses$25,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raffle$119,878$119,878-$119,878
Total Events$119,878$119,878$25,000$94,878
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
Loans from Officers, Directors, Trustees, and Key Employees$39,500--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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

“The 990 was presented at a board meeting prior to filing. Each member had the opportunity to review and ask questions regarding the forms.”

Form 990, Page 6, Part VI, Line 19

“Available upon request at the school during normal school hours.”

Filing and Contact Details

Filer

Filer Name
The Carolina Academy
EIN
57-6036661
Address
351 NORTH COUNTRY CLUB ROAD, LAKE CITY, SC 29560

Signing Officer

Name
Robert S Phillips
Title
Head of School
Phone
8433745485
Signed
2018-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karole Parker
Formed
1968
Legal Domicile
Sc
Voting Board Members
12
Independent Board Members
12
Employees
76

Preparer

Firm
Hicks Guerry Group
Address
119 S ACLINE ST, LAKE CITY, SC 29560-2632
Preparer
Janet G Hicks
Phone
8433743200
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“ATHLETIC EVENTS, ETC.”

Raw XML Appendix399 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/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01588106
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0277844
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0277844
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0346698
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01144763
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01491461
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0624542
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/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0POLICY IS AVAILABLE AT THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt025000
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt025000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt025000
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0RAFFLE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0119878
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0119878
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0119878
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0119878
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt094878
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/RealEstateCommercialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateCommercialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateCommercialGrp/NoncashContributionsRptF990Amt0215000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ATHLETIC EVENTS, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 WAS PRESENTED AT A BOARD MEETING PRIOR TO FILING. EACH MEMBER HAD THE OPPORTUNITY TO REVIEW AND ASK QUESTIONS REGARDING THE FORMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST AT THE SCHOOL DURING NORMAL SCHOOL HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
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/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt037738
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt043260
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0744342
IRS990/TotalAssetsEOYAmt01490461
IRS990/TotalAssetsGrp/BOYAmt0744342
IRS990/TotalAssetsGrp/EOYAmt01490461
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0869746
IRS990/TotalEmployeeCnt076
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013986
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0148656
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01537397
IRS990/TotalFunctionalExpensesGrp/TotalAmt01700039
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0431929
IRS990/TotalLiabilitiesEOYAmt083533
IRS990/TotalLiabilitiesGrp/BOYAmt0431929
IRS990/TotalLiabilitiesGrp/EOYAmt083533
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0312413
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01406928
IRS990/TotalProgramServiceExpensesAmt01537397
IRS990/TotalProgramServiceRevenueAmt01588106
IRS990/TotalRevenueGrp/ExclusionAmt0116426
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01588214
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02574386
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0744342
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01490461
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0274675
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01363668
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1331
IRS990/USAddress/CityNm0LAKE CITY
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029560
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0THECAROLINAACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT S PHILLIPS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum08433745485
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE CAROLINA ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0CARO
ReturnHeader/Filer/EIN0576036661
ReturnHeader/Filer/USAddress/AddressLine1Txt0351 NORTH COUNTRY CLUB ROAD
ReturnHeader/Filer/USAddress/CityNm0LAKE CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029560
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId009D1A4BD97F4175A4AD4B63652D1BC6D6620B9E6
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId009D1A4BD97F4175A4AD4B63652D1BC6D6620B9E6
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.218.94.94
ReturnHeader/FilingSecurityInformation/IPDt02018-11-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm012:31:01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200127127
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HICKS GUERRY GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0119 S ACLINE ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKE CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0295602632
ReturnHeader/PreparerPersonGrp/PhoneNum08433743200
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JANET G HICKS
ReturnHeader/ReturnTs02018-11-08T13:31:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,490,461
Liabilities
$83,533
Net assets
$1,406,928
Revenue
$2,574,386
Expenses
$1,700,039
Net income
$874,347
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.97$0.30$3.67$2.10$2.16$0.06
2024Detailed filing. Detailed filing data is available for this year.$4.05$0.32$3.73$2.02$2.17$0.15
2023Detailed filing. Detailed filing data is available for this year.$4.19$0.34$3.85$2.23$1.92$0.31
2022Detailed filing. Detailed filing data is available for this year.$3.49$0.00$3.49$2.58$1.59$0.98
2021Detailed filing. Detailed filing data is available for this year.$2.56$0.04$2.51$2.35$1.69$0.66
2020Detailed filing. Detailed filing data is available for this year.$1.93$0.13$1.80$1.71$1.89$0.19
2019Detailed filing. Detailed filing data is available for this year.$1.89$0.23$1.66$2.23$1.85$0.38
2018Detailed filing. Detailed filing data is available for this year.$1.49$0.08$1.41$2.57$1.70$0.87
2017Detailed filing. Detailed filing data is available for this year.$0.74$0.43$0.31$1.49$1.61$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.77$0.37$0.40$1.36$1.23$0.13
2015Detailed filing. Detailed filing data is available for this year.$0.74$0.43$0.31$1.33$1.17$0.16
2014Detailed filing. Detailed filing data is available for this year.$0.68$0.53$0.15$0.96$1.03$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.46$0.23$1.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.41$0.31$0.90