Civic Intelligence

Terrell Academy Inc.

990 • Fiscal year 2021 • EIN 58-1093162

Jun 01, 2020 to May 31, 2021 • Filed on Aug 09, 2021

Organization ProfileN/A

View Organization Page

602 Academy Drive SEDawson, GA 39842

(229) 995-4242

Siviq Scores

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

Liabilities / Assets

57th percentile

0.11x

Higher debt load relative to assets than 57% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

57th percentile

0.14x

Higher debt load relative to revenue than 57% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

45th percentile

10%

Higher net margin than 45% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

50th percentile

9.1%

Faster asset growth than 50% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

48th percentile

11%

Faster revenue growth than 48% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$2,933,339

Up $245,756 (+9.1%) from 2020

Net Assets

Up

$2,618,117

Up $233,506 (+9.8%) from 2020

Liabilities

Up

$315,222

Up $12,250 (+4.0%) from 2020

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin45th percentile

Revenue

Up

$2,327,757

Up $226,929 (+11%) from 2020

Expenses

Down

$2,094,251

Down $1,824 (-0.1%) from 2020

Net Income

Up

$233,506

Up $228,753 (+4813%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,317,538Liabilities 2011: $2,028Net Assets 2011: $1,315,5102011Assets 2012: $1,340,479Liabilities 2012: $30,960Net Assets 2012: $1,309,5192012Assets 2013: $1,452,356Liabilities 2013: $42,494Net Assets 2013: $1,409,8622013Assets 2014: $1,718,292Liabilities 2014: $53,958Net Assets 2014: $1,664,3342014Assets 2015: $1,854,270Liabilities 2015: $126,750Net Assets 2015: $1,727,5202015Assets 2016: $2,160,164Liabilities 2016: $162,262Net Assets 2016: $1,997,9022016Assets 2017: $2,280,357Liabilities 2017: $97,096Net Assets 2017: $2,183,2612017Assets 2018: $2,304,640Liabilities 2018: $28,742Net Assets 2018: $2,275,8982018Assets 2019: $2,454,733Liabilities 2019: $74,875Net Assets 2019: $2,379,8582019Assets 2020: $2,687,583Liabilities 2020: $302,972Net Assets 2020: $2,384,6112020Assets 2021: $2,933,339Liabilities 2021: $315,222Net Assets 2021: $2,618,1172021Assets 2022: $3,176,467Liabilities 2022: $40,598Net Assets 2022: $3,135,8692022Assets 2023: $4,383,453Liabilities 2023: $8,547Net Assets 2023: $4,374,9062023Assets 2024: $3,853,637Liabilities 2024: $108,121Net Assets 2024: $3,745,5162024Assets 2025: $3,986,119Liabilities 2025: $26,936Net Assets 2025: $3,959,1832025

Highlighted filing

2021

Assets$2,933,339
Liabilities$315,222
Net Assets$2,618,117
Open 2021 Filing

Operations Trend

Revenue Growth48th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,260,9792011Expenses 2012: $1,203,3792012Revenue 2013: $1,458,378Expenses 2013: $1,358,035Net Income 2013: $100,3432013Revenue 2014: $1,734,756Expenses 2014: $1,480,284Net Income 2014: $254,4722014Revenue 2015: $1,727,219Expenses 2015: $1,664,033Net Income 2015: $63,1862015Revenue 2016: $1,992,406Expenses 2016: $1,722,024Net Income 2016: $270,3822016Revenue 2017: $2,073,254Expenses 2017: $1,887,895Net Income 2017: $185,3592017Revenue 2018: $1,940,711Expenses 2018: $1,848,074Net Income 2018: $92,6372018Revenue 2019: $2,164,589Expenses 2019: $2,060,629Net Income 2019: $103,9602019Revenue 2020: $2,100,828Expenses 2020: $2,096,075Net Income 2020: $4,7532020Revenue 2021: $2,327,757Expenses 2021: $2,094,251Net Income 2021: $233,5062021Revenue 2022: $3,074,189Expenses 2022: $2,556,437Net Income 2022: $517,7522022Revenue 2023: $4,069,003Expenses 2023: $2,829,966Net Income 2023: $1,239,0372023Revenue 2024: $4,238,013Expenses 2024: $4,867,403Net Income 2024: -$629,3902024Revenue 2025: $4,152,170Expenses 2025: $3,938,503Net Income 2025: $213,6672025

Highlighted filing

2021

Revenue$2,327,757
Expenses$2,094,251
Net Income$233,506
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Aug 9, 2021
Return Version
2020v4.0
Gross Receipts
$2,331,789
Mission and Program Overview

Mission

Providing children a quality education

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,765,608$1,938,763▲ $173,155
Savings and Temporary Cash Investments$380,104$566,069▲ $185,965
Cash and Non-Interest-Bearing Accounts$493,111$404,587▼ $88,524
Accounts Receivable$48,760$23,920▼ $24,840
Total Assets$2,687,583$2,933,339▲ $245,756
Liabilities
Unsecured Notes Loans Payable$299,121$299,121→ $0
Deferred Revenue$3,851$16,101▲ $12,250
Total Liabilities$302,972$315,222▲ $12,250
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,384,611$2,618,117▲ $233,506
Total Net Assets Fund Balance$2,384,611$2,618,117▲ $233,506
Total Liabilities and Net Assets / Fund Balance$2,687,583$2,933,339▲ $245,756

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,938,763-$1,938,763
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
David PeelerDirector
Joe Durham JrDirector
Joe WestDirector
Neil LeeDirector
Robbie FaustDirector
Scott GilleyDirector
Ed FarrDirector/CHA
William MurdockHeadmaster
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,312,006
Investment Income
$2,642
Other Revenue
$13,109
Change in Net Assets
$233,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,659,442
Other Expenses$434,809
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,510,314--$1,510,314
Payroll Taxes$105,295--$105,295
Occupancy$83,705--$83,705
All Other Expenses$62,418--$62,418
Other Employee Benefits$43,833--$43,833
Other Expenses$40,559--$40,559
Office Expenses$39,515--$39,515
Travel$36,330--$36,330
Conferences and Meetings$14,504--$14,504
Fees for Services Other$520--$520
Advertising$413--$413
Total Functional Expenses$2,094,251$0$0$2,094,251
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$17,141
Fundraising Direct Expenses$4,032
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$17,141$17,141$4,032$13,109
Total Events$17,141$17,141$4,032$13,109
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available upon request”

Filing and Contact Details

Filer

Filer Name
Terrell Academy Inc
EIN
58-1093162
Phone
2299954242
Address
602 ACADEMY DRIVE SE, DAWSON, GA 39842

Signing Officer

Name
William Murdock
Title
Headmaster
Phone
2299954242
Signed
2021-08-09

Organization Details

Principal Officer
William Murdock
Voting Board Members
6
Independent Board Members
6
Employees
65

Preparer

Firm
Garland Williams & Associates Pc
Address
PO BOX 70427, ALBANY, GA 31708-0427
Preparer
Greg R Garland
Phone
2294326762
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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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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0299121
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0299121
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM MURDOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEADMASTER
ReturnHeader/BusinessOfficerGrp/PhoneNum02299954242
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TERRELL ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0TERR
ReturnHeader/Filer/EIN0581093162
ReturnHeader/Filer/PhoneNum02299954242
ReturnHeader/Filer/USAddress/AddressLine1Txt0602 ACADEMY DRIVE SE
ReturnHeader/Filer/USAddress/CityNm0DAWSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd039842
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0582510608
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GARLAND WILLIAMS & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 70427
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0317080427
ReturnHeader/PreparerPersonGrp/PhoneNum02294326762
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREG R GARLAND
ReturnHeader/ReturnTs02021-08-09T10:40:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WILLIAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MURDOCK
ReturnHeader/TaxPeriodBeginDt02020-06-01
ReturnHeader/TaxPeriodEndDt02021-05-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,933,339
Liabilities
$315,222
Net assets
$2,618,117
Revenue
$2,327,757
Expenses
$2,094,251
Net income
$233,506
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.99$0.03$3.96$4.15$3.94$0.21
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.85$0.11$3.75$4.24$4.87$0.63
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.38$0.01$4.37$4.07$2.83$1.24
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.18$0.04$3.14$3.07$2.56$0.52
2021Detailed filing. Detailed filing data is available for this year.$2.93$0.32$2.62$2.33$2.09$0.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.69$0.30$2.38$2.10$2.10$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.45$0.07$2.38$2.16$2.06$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.30$0.03$2.28$1.94$1.85$0.09
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.28$0.10$2.18$2.07$1.89$0.19
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.16$0.16$2.00$1.99$1.72$0.27
2015Detailed filing. Detailed filing data is available for this year.$1.85$0.13$1.73$1.73$1.66$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.72$0.05$1.66$1.73$1.48$0.25
2013Summary only. Only limited summary data is available for this year.$1.45$0.04$1.41$1.46$1.36$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.03$1.31$1.20
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.32$0.00$1.32$1.26