Civic Intelligence

The Music Academy of North Carolina Inc

990 • Fiscal year 2017 • EIN 58-1583883

Jun 01, 2016 to May 31, 2017 • Filed on Mar 23, 2017

Organization ProfileWWW.MUSICACADEMYNC.ORG
1327 Beaman Place Ste 100Greensboro, NC 27408

(336) 379-8748

Siviq Scores

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

Liabilities / Assets

76th percentile

0.25x

Higher debt load relative to assets than 76% of similar nonprofits.

2017 filings • NTEE A • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

75th percentile

0.17x

Higher debt load relative to revenue than 75% of similar nonprofits.

2017 filings • NTEE A • $500k-$1M nonprofits • Source year 2017

Net Margin

47th percentile

2.5%

Higher net margin than 47% of similar nonprofits.

2017 filings • NTEE A • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

70th percentile

$55,000

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2017 filings • NTEE A • $500k-$1M nonprofits • Source year 2017

Asset Growth

25th percentile

-4.2%

Faster asset growth than 25% of similar nonprofits.

2017 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

32nd percentile

-3.3%

Faster revenue growth than 32% of similar nonprofits.

2017 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$597,859

Down $26,055 (-4.2%) from 2016

Net Assets

Up

$449,740

Up $22,033 (+5.2%) from 2016

Liabilities

Down

$148,119

Down $48,088 (-25%) from 2016

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin47th percentile

Revenue

Down

$888,654

Down $29,959 (-3.3%) from 2016

Expenses

Down

$866,621

Down $49,297 (-5.4%) from 2016

Net Income

Up

$22,033

Up $19,338 (+718%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $578,739Liabilities 2011: $15,613Net Assets 2011: $563,1262011Assets 2012: $585,577Liabilities 2012: $98,776Net Assets 2012: $486,8012012Assets 2013: $650,282Liabilities 2013: $200,281Net Assets 2013: $450,0012013Assets 2014: $691,526Liabilities 2014: $221,635Net Assets 2014: $469,8912014Assets 2015: $642,389Liabilities 2015: $217,377Net Assets 2015: $425,0122015Assets 2016: $623,914Liabilities 2016: $196,207Net Assets 2016: $427,7072016Assets 2017: $597,859Liabilities 2017: $148,119Net Assets 2017: $449,7402017Assets 2018: $595,549Liabilities 2018: $110,772Net Assets 2018: $484,7772018Assets 2019: $582,957Liabilities 2019: $128,797Net Assets 2019: $454,1602019Assets 2020: $560,453Liabilities 2020: $121,283Net Assets 2020: $439,1702020Assets 2021: $627,480Liabilities 2021: $81,581Net Assets 2021: $545,8992021Assets 2022: $582,444Liabilities 2022: $79,531Net Assets 2022: $502,9132022Assets 2023: $880,826Liabilities 2023: $86,026Net Assets 2023: $794,8002023Assets 2024: $1,969,576Liabilities 2024: $95,655Net Assets 2024: $1,873,9212024Assets 2025: $2,163,708Liabilities 2025: $96,554Net Assets 2025: $2,067,1542025

Highlighted filing

2017

Assets$597,859
Liabilities$148,119
Net Assets$449,740
Open 2017 Filing

Operations Trend

Revenue Growth32nd percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $869,8532011Expenses 2012: $853,0272012Expenses 2013: $951,7962013Revenue 2014: $959,515Expenses 2014: $939,269Net Income 2014: $20,2462014Revenue 2015: $920,180Expenses 2015: $965,059Net Income 2015: -$44,8792015Revenue 2016: $918,613Expenses 2016: $915,918Net Income 2016: $2,6952016Revenue 2017: $888,654Expenses 2017: $866,621Net Income 2017: $22,0332017Revenue 2018: $743,494Expenses 2018: $708,457Net Income 2018: $35,0372018Revenue 2019: $629,047Expenses 2019: $659,664Net Income 2019: -$30,6172019Revenue 2020: $666,595Expenses 2020: $678,776Net Income 2020: -$12,1812020Revenue 2021: $759,628Expenses 2021: $652,899Net Income 2021: $106,7292021Revenue 2022: $637,956Expenses 2022: $680,942Net Income 2022: -$42,9862022Revenue 2023: $1,036,874Expenses 2023: $745,114Net Income 2023: $291,7602023Revenue 2024: $1,884,712Expenses 2024: $805,944Net Income 2024: $1,078,7682024Revenue 2025: $1,051,781Expenses 2025: $884,781Net Income 2025: $167,0002025

Highlighted filing

2017

Revenue$888,654
Expenses$866,621
Net Income$22,033
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Mar 23, 2017
Return Version
2016v3.1
Gross Receipts
$888,654
Mission and Program Overview

Mission

To provide individualized music instructions to students regardless of race, ethnic, or economic background

To provide individualized music instructions to students regardless of race, ethnic or economic background

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$418,298$456,570▲ $38,272
Pledges and Grants Receivable$116,655$77,291▼ $39,364
Land, Buildings, and Equipment, Net$38,262$31,708▼ $6,554
Cash and Non-Interest-Bearing Accounts$30,030$19,068▼ $10,962
Prepaid Expenses and Deferred Charges$5,606$7,172▲ $1,566
Savings and Temporary Cash Investments$3,723$3,725▲ $2
Accounts Receivable$10,700$1,251▼ $9,449
Total Assets$623,914$597,859▼ $26,055
Other Assets Total$640$1,074▲ $434
Liabilities
Other Liabilities$162,152$107,309▼ $54,843
Deferred Revenue$18,657$27,454▲ $8,797
Accounts Payable and Accrued Expenses$15,398$13,356▼ $2,042
Total Liabilities$196,207$148,119▼ $48,088
Net Assets / Fund Balance
Permanently Rstr Net Assets$268,333$292,880▲ $24,547
Temporarily Rstr Net Assets$235,664$205,163▼ $30,501
Unrestricted Net Assets$-76,290$-48,303▲ $27,987
Total Net Assets Fund Balance$427,707$449,740▲ $22,033
Total Liabilities and Net Assets / Fund Balance$623,914$597,859▼ $26,055

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$31,708$268,249$299,957

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$418,298-▲ $61,918-$456,570
2015$470,367$1,400▼ $29,963$-6,344$418,298
2014$468,318-▲ $20,036$-5,966$465,367
2013$429,572-▲ $61,459$-5,733$468,318
2012$374,007$700▲ $77,337$-5,877$429,572
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kellie BurgessExecutive DiFT$55,000$55,000

Board Members and Trustees

NameTitle
Sabine FordChair
Angela MorrisDirector
Charlene GladneyDirector
Collin CooperDirector
Debbie LittleDirector
Dr Holly ChambersDirector
Dr William CarrollDirector
Jackie TanseerDirector
Pamela MurphyDirector
Sarah Elaine NeillDirector
David McdonaldImmediate Pa
Art HarronSecretary
Diane BerberichTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$193,400
Program Service Revenue
$617,623
Investment Income
$55,940
Other Revenue
$21,691
All Other Contributions
$193,400
Change in Net Assets
$22,033

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 AmountValuation Method
Other Non Cash Contri Table1$120,450Fair Market Value
Other Non Cash Contri Table1$5,000Fair Market Value
Other Non Cash Contri Table4$2,325Fair Market Value
Other Non Cash Contri Table14$2,225Fair Market Value
Total Noncash Contributions20$130,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$888,654
Total Revenue per Audited Statements
$888,654
Total Revenue per Form 990
$888,654
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$504,831
Other Expenses$341,219
Total Fundraising Expense$31,794
Grants and Similar Amounts Paid$20,571
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$297,778$154,976-$452,754
Advertising$125,450-$6,292$131,742
Occupancy$87,994--$87,994
Payroll Taxes$25,588$21,676-$47,264
Grants to Domestic Individuals$20,571--$20,571
Office Expenses-$16,465-$16,465
Insurance-$12,579-$12,579
All Other Expenses$5,562$4,992-$10,554
Other Expenses$13,675$8,640$25,502$8,640
Fees for Services Accounting-$7,700-$7,700
Depreciation Depletion$4,813$1,742-$6,555
Interest-$6,231-$6,231
Other Employee Benefits$4,813--$4,813
Total Functional Expenses$586,244$248,583$31,794$866,621

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$866,621
Total Expenses per Audited Statements$866,621
Total Expenses per Form 990$866,621
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
Line of Credit$107,309
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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 is performed by the finance committee.”

Form 990, Page 6, Part VI, Line 19

“Documents available upon request”

Filing and Contact Details

Filer

Filer Name
The Music Academy
EIN
58-1583883
Phone
3363798748
Address
1327 BEAMAN PLACE STE 100, GREENSBORO, NC 27408

Signing Officer

Name
Kellie Burgess
Title
Executive Director
Phone
3363798748
Signed
2017-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kellie Burgess
Formed
1983
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
38
Volunteers
50

Preparer

Firm
Bason & Company Pa
Address
501 W MCGEE ST, GREENSBORO, NC 27401
Preparer
Rick Bason
Phone
3362735649
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Book loss on disposal of equipment 0 tax loss on disposal of equipment 0”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Book loss on disposal of equipment 0 tax loss on disposal of equipment 0”

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IRS990/MissionDesc0TO PROVIDE INDIVIDUALIZED MUSIC INSTRUCTIONS TO STUDENTS REGARDLESS OF RACE, ETHNIC OR ECONOMIC BACKGROUND
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0427707
IRS990/NetAssetsOrFundBalancesEOYAmt0449740
IRS990/NoncashContributionsAmt0130000
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt087994
IRS990/OccupancyGrp/TotalAmt087994
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt016465
IRS990/OfficeExpensesGrp/TotalAmt016465
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0640
IRS990/OtherAssetsTotalGrp/EOYAmt01074
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04813
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04813
IRS990/OtherExpensesGrp/Desc0SPECIAL EVENTS
IRS990/OtherExpensesGrp/Desc1PERFORMANCE AND MUSICAL
IRS990/OtherExpensesGrp/Desc2BANK, CREDIT CARD CHARGES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt025502
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013582
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18640
IRS990/OtherExpensesGrp/ProgramServicesAmt013675
IRS990/OtherExpensesGrp/TotalAmt025502
IRS990/OtherExpensesGrp/TotalAmt113675
IRS990/OtherExpensesGrp/TotalAmt213582
IRS990/OtherExpensesGrp/TotalAmt38640
IRS990/OtherLiabilitiesGrp/BOYAmt0162152
IRS990/OtherLiabilitiesGrp/EOYAmt0107309
IRS990/OtherRevenueMiscGrp/Desc0FUNDRAISING EVENTS
IRS990/OtherRevenueMiscGrp/Desc1RENT INCOME
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt04421
IRS990/OtherRevenueMiscGrp/ExclusionAmt12977
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt014293
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014293
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt14421
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt22977
IRS990/OtherRevenueTotalAmt021691
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0154976
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0297778
IRS990/OtherSalariesAndWagesGrp/TotalAmt0452754
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt021676
IRS990/PayrollTaxesGrp/ProgramServicesAmt025588
IRS990/PayrollTaxesGrp/TotalAmt047264
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0268333
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0292880
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0116655
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt077291
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05606
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07172
IRS990/PrincipalOfficerNm0KELLIE BURGESS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION, REGISTRATION, MAT
IRS990/ProgramServiceRevenueGrp/Desc1PERFORMANCE/MUSICAL EVENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0597007
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt120616
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0597007
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt120616
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0293037
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt021468
IRS990/PYInvestmentIncomeAmt0-35833
IRS990/PYOtherExpensesAmt0359732
IRS990/PYOtherRevenueAmt025850
IRS990/PYProgramServiceRevenueAmt0635559
IRS990/PYRevenuesLessExpensesAmt02695
IRS990/PYSalariesCompEmpBnftPaidAmt0534718
IRS990/PYTotalExpensesAmt0915918
IRS990/PYTotalRevenueAmt0918613
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt022033
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03723
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03725
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0418298
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0456570
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0-11311
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt061918
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0-5900
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0470367
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01400
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0418298
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-11264
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-29963
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0-6344
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0-6450
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0468318
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0465367
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-10571
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt020036
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0-5966
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0-6849
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0429572
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0468318
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-10131
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt061459
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0-5733
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0-6243
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0374007
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0700
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0429572
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-10352
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt077337
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0-5877
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt031708
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0268249
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0299957
IRS990ScheduleD/ExpensesSubtotalAmt0866621
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0107309
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINE OF CREDIT
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.64100
IRS990ScheduleD/RevenueSubtotalAmt0888654
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK LOSS ON DISPOSAL OF EQUIPMENT 0 TAX LOSS ON DISPOSAL OF EQUIPMENT 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.35900
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031708
IRS990ScheduleD/TotalExpensesPerForm990Amt0866621
IRS990ScheduleD/TotalLiabilityAmt0107309
IRS990ScheduleD/TotalRevenuePerForm990Amt0888654
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0888654
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0866621
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/ExplanationTxt0THE ACADEMY PRINTS ITS MISSION STATEMENT ON FLYERS, ADVERTISEMENTS, AND PROGRAM AND MARKETING MATERIALS WHICH STATES THAT THE ACADEMY SERVES INDIVIDUALS OR ALL AGES, INTERESTS AND BACKGROUNDS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt020571
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0STUDENT SCHOLARSHIPS
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$597,859
Liabilities
$148,119
Net assets
$449,740
Revenue
$888,654
Expenses
$866,621
Net income
$22,033
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.16$0.10$2.07$1.05$0.88$0.17
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.97$0.10$1.87$1.88$0.81$1.08
2023Detailed filing. Detailed filing data is available for this year.$0.88$0.09$0.79$1.04$0.75$0.29
2022Detailed filing. Detailed filing data is available for this year.$0.58$0.08$0.50$0.64$0.68$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.08$0.55$0.76$0.65$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.12$0.44$0.67$0.68$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.58$0.13$0.45$0.63$0.66$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.11$0.48$0.74$0.71$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.60$0.15$0.45$0.89$0.87$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.62$0.20$0.43$0.92$0.92$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.64$0.22$0.43$0.92$0.97$0.04
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.22$0.47$0.96$0.94$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.20$0.45$0.95
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.10$0.49$0.85
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.02$0.56$0.87