Civic Intelligence

Terrell Academy Inc.

990 • Fiscal year 2024 • EIN 58-1093162

Jun 01, 2023 to May 31, 2024 • Filed on Mar 26, 2025

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

41st percentile

0.03x

Higher debt load relative to assets than 41% of similar nonprofits.

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

Liabilities / Revenue

35th percentile

0.03x

Higher debt load relative to revenue than 35% of similar nonprofits.

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

Net Margin

17th percentile

-15%

Higher net margin than 17% of similar nonprofits.

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

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

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

Asset Growth

12th percentile

-12%

Faster asset growth than 12% of similar nonprofits.

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

Revenue Growth

43rd percentile

4.2%

Faster revenue growth than 43% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$3,853,637

Down $529,816 (-12%) from 2023

Net Assets

Down

$3,745,516

Down $629,390 (-14%) from 2023

Liabilities

Up

$108,121

Up $99,574 (+1165%) from 2023

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin17th percentile

Revenue

Up

$4,238,013

Up $169,010 (+4.2%) from 2023

Expenses

Up

$4,867,403

Up $2,037,437 (+72%) from 2023

Net Income

Down

-$629,390

Down $1,868,427 (-151%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth12th 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

2024

Assets$3,853,637
Liabilities$108,121
Net Assets$3,745,516
Open 2024 Filing

Operations Trend

Revenue Growth43rd 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

2024

Revenue$4,238,013
Expenses$4,867,403
Net Income-$629,390
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Mar 26, 2025
Return Version
2023v6.0
Gross Receipts
$4,242,375
Mission and Program Overview

Mission

Providing children a quality education

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,611,796$2,718,820▲ $107,024
Savings and Temporary Cash Investments$1,573,622$817,076▼ $756,546
Cash and Non-Interest-Bearing Accounts$181,669$273,135▲ $91,466
Accounts Receivable$16,366$44,606▲ $28,240
Total Assets$4,383,453$3,853,637▼ $529,816
Liabilities
Other Liabilities-$71,334-
Deferred Revenue$8,547$36,787▲ $28,240
Total Liabilities$8,547$108,121▲ $99,574
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,374,906$3,745,516▼ $629,390
Total Net Assets Fund Balance$4,374,906$3,745,516▼ $629,390
Total Liabilities and Net Assets / Fund Balance$4,383,453$3,853,637▼ $529,816

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,718,820-$2,718,820
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,184,333
Investment Income
$14,026
Other Revenue
$39,654
Change in Net Assets
$-629,390
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,434,391
Other Expenses$2,433,012
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,216,462--$2,216,462
Office Expenses$1,520,396--$1,520,396
All Other Expenses$179,749--$179,749
Payroll Taxes$169,009--$169,009
Occupancy$111,184--$111,184
Other Expenses$77,422--$77,422
Travel$74,869--$74,869
Other Employee Benefits$48,920--$48,920
Conferences and Meetings$20,608--$20,608
Advertising$4,602--$4,602
Fees for Services Other$2,738--$2,738
Total Functional Expenses$4,867,403$0$0$4,867,403
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$44,016
Fundraising Direct Expenses$4,362
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$44,016$44,016$4,362$39,654
Total Events$44,016$44,016$4,362$39,654
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Georgia Community Bank$71,334
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
2025-03-26

Organization Details

Principal Officer
William Murdock
Voting Board Members
6
Independent Board Members
6
Employees
82

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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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/Filer/USAddress/AddressLine1Txt0602 ACADEMY DRIVE SE
ReturnHeader/Filer/USAddress/CityNm0DAWSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd039842
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02025-03-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREG R GARLAND
ReturnHeader/ReturnTs02025-05-01T10:07:39-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-06-01
ReturnHeader/TaxPeriodEndDt02024-05-31
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
$3,853,637
Liabilities
$108,121
Net assets
$3,745,516
Revenue
$4,238,013
Expenses
$4,867,403
Net income
-$629,390
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
2024Detailed filing. Detailed filing data is available for this year.$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
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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