Civic Intelligence

The Study Hall Inc.

990 • Fiscal year 2019 • EIN 58-1830316

Jul 01, 2018 to Jun 30, 2019 • Filed on May 20, 2020

1010 Crew Street SWAtlanta, GA 30315

(404) 659-1415

Siviq Scores

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

Liabilities / Assets

45th percentile

0.02x

Higher debt load relative to assets than 45% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

44th percentile

0.02x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

36th percentile

-1.0%

Higher net margin than 36% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

86th percentile

$92,700

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

42nd percentile

0.7%

Faster asset growth than 42% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

30th percentile

-5.3%

Faster revenue growth than 30% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$668,568

Up $4,341 (+0.7%) from 2018

Net Assets

Down

$656,703

Down $7,272 (-1.1%) from 2018

Liabilities

Up

$11,865

Up $11,613 (+4608%) from 2018

Revenue

Down

$714,248

Down $39,744 (-5.3%) from 2018

Expenses

Down

$721,520

Down $28,706 (-3.8%) from 2018

Net Income

Down

-$7,272

Down $11,038 (-293%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $620,828Liabilities 2011: $193,208Net Assets 2011: $427,6202011Assets 2012: $586,179Liabilities 2012: $157,260Net Assets 2012: $428,9192012Assets 2013: $719,370Liabilities 2013: $129,986Net Assets 2013: $589,3842013Assets 2014: $599,771Liabilities 2014: $146,451Net Assets 2014: $453,3202014Assets 2015: $649,941Liabilities 2015: $103,555Net Assets 2015: $546,3862015Assets 2016: $705,903Liabilities 2016: $46,554Net Assets 2016: $659,3492016Assets 2017: $692,337Liabilities 2017: $32,128Net Assets 2017: $660,2092017Assets 2018: $664,227Liabilities 2018: $252Net Assets 2018: $663,9752018Assets 2019: $668,568Liabilities 2019: $11,865Net Assets 2019: $656,7032019Assets 2020: $690,586Liabilities 2020: $132,190Net Assets 2020: $558,3962020Assets 2021: $953,137Liabilities 2021: $7,880Net Assets 2021: $945,2572021Assets 2022: $1,370,588Liabilities 2022: $87,748Net Assets 2022: $1,282,8402022Assets 2023: $2,899,832Liabilities 2023: $329,011Net Assets 2023: $2,570,8212023

Highlighted filing

2019

Assets$668,568
Liabilities$11,865
Net Assets$656,703

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $506,039Expenses 2011: $470,991Net Income 2011: $35,0482011Revenue 2012: $409,803Expenses 2012: $408,504Net Income 2012: $1,2992012Revenue 2013: $592,815Expenses 2013: $432,350Net Income 2013: $160,4652013Revenue 2014: $371,771Expenses 2014: $507,835Net Income 2014: -$136,0642014Revenue 2015: $643,534Expenses 2015: $550,468Net Income 2015: $93,0662015Revenue 2016: $707,048Expenses 2016: $594,085Net Income 2016: $112,9632016Revenue 2017: $789,283Expenses 2017: $788,423Net Income 2017: $8602017Revenue 2018: $753,992Expenses 2018: $750,226Net Income 2018: $3,7662018Revenue 2019: $714,248Expenses 2019: $721,520Net Income 2019: -$7,2722019Revenue 2020: $593,734Expenses 2020: $692,041Net Income 2020: -$98,3072020Revenue 2021: $1,092,293Expenses 2021: $705,432Net Income 2021: $386,8612021Revenue 2022: $1,003,774Expenses 2022: $669,436Net Income 2022: $334,3382022Revenue 2023: $1,988,478Expenses 2023: $698,808Net Income 2023: $1,289,6702023

Highlighted filing

2019

Revenue$714,248
Expenses$721,520
Net Income-$7,272
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 20, 2020
Return Version
2018v3.1
Gross Receipts
$824,025
Mission and Program Overview

Mission

The study hall is an academic after-school and summer camp program that serves k-5th grade children in the greater peoplestown community offering an educational and enrichment curriculum that equips children to achieve sustained personal and academic success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$296,569$405,349▲ $108,780
Land, Buildings, and Equipment, Net$297,024$197,897▼ $99,127
Accounts Receivable$63,104$62,247▼ $857
Prepaid Expenses and Deferred Charges$7,530$3,075▼ $4,455
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$664,227$668,568▲ $4,341
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$252$11,865▲ $11,613
Total Liabilities$252$11,865▲ $11,613
Net Assets / Fund Balance
Unrestricted Net Assets$658,471$642,123▼ $16,348
Temporarily Rstr Net Assets$5,504$14,580▲ $9,076
Total Net Assets Fund Balance$663,975$656,703▼ $7,272
Total Liabilities and Net Assets / Fund Balance$664,227$668,568▲ $4,341

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$126,700$404,131$530,831
Equipment$50,956$211,266$262,222
Other Land Buildings-$35,995$35,995
Land$20,241-$20,241
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jacquetta WatkinsExecutive DirectorFT$92,700$92,700

Board Members and Trustees

NameTitle
Stacy GroomsBoard Chairman
John DeckerDevel COM Chair
Brent StrengthFacil COM Chair
Bea CopelandPers COM Chair
Caroline HowellBoard Member
Danielle MillerBoard Member
Darren RossBoard Member
Dr Marvin PalmoreBoard Member
Elizabeth Finn JohnsonBoard Member
Mallori HamiltonBoard Member
Mark H VeachBoard Member
Nick FaborBoard Member
R Dale LewisBoard Member
Ray StacheBoard Member
Ryan WoodBoard Member
Shepard AnsleyBoard Member
Breana M WareSecretary
Carlye W Dooley CPATreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$795,425
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-81,177
All Other Contributions
$400,667
Change in Net Assets
$-7,272

Audited Revenue Reconciliation

Revenue per Audited Statements
$714,248
Total Revenue per Audited Statements
$714,248
Total Revenue per Form 990
$714,248
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$380,640
Salaries, Compensation, and Employee Benefits$340,880
Total Fundraising Expense$86,864
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$154,016-$70,192$224,208
Depreciation Depletion$74,344$24,781-$99,125
Current Officers, Directors, Trustees, and Key Employees$36,674$45,844$9,169$91,687
Occupancy$42,490$10,623-$53,113
All Other Expenses$24,572$18,511-$43,083
Insurance$33,885$6,172$510$40,567
Payroll Taxes$15,082$3,626$6,277$24,985
Other Expenses$12,724$3,181-$15,905
Fees for Services Accounting$14,109$1,602-$15,711
Office Expenses$4,059$1,014-$5,073
Fees for Services Other$1,720$414$716$2,850
Travel-$1,532-$1,532
Total Functional Expenses$510,019$124,637$86,864$721,520

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$721,520
Total Expenses per Audited Statements$721,520
Total Expenses per Form 990$721,520
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$109,777
Fundraising Gross Income$26,321
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Oktoberfest$68,849$21,821$6,150$15,671
Sporting Clays$167,692$4,500$28,494$-23,994
Total Events$236,541$26,321$109,777$-83,456
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
Audit committee
Yes
Backup withholding compliance
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
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

The organization's accountant provides a copy of form 990 to the finance committee and executive director for their detailed review. Once approved, a copy is sent to the entire board for review and approval prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The conflict of interest policy is discussed annually with directors in board meetings.

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

THE ORGANIZATION'S ACCOUNTANT PROVIDES A COPY OF FORM 990 SPECIFICALLY FOR PUBLIC INSPECTION. THIS COPY IS AVAILABLE UPON REQUEST. The organization will provide Form 1023, bylaws, conflict of interest policy, and audit upon request.

Filing and Contact Details

Filer

Filer Name
The Study Hall Inc
EIN
58-1830316
Phone
4046591415
Address
1010 CREW STREET SW, ATLANTA, GA 30315

Signing Officer

Name
Jacquetta Watkins
Title
Executive Director
Signed
2020-05-20
Discuss with paid preparer
Yes

Organization Details

Formed
1988
Legal Domicile
Ga
Voting Board Members
18
Independent Board Members
18
Employees
12
Volunteers
50

Preparer

Firm
Fulton & Kozak CPA
Address
7187 JONESBORO RD STE 100A, MORROW, GA 30260-2944
Preparer
Sheila M Kozak CPA
Phone
7709614200
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Study Hall is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (the IRC) whereby only unrelated business income, as defined by Section 512(a)(1) of the IRC is subject to federal income tax. The Study Hall has no unrelated business income in 2019 and 2018 and no provision for income taxes has been made. The Study Halls application of ASC 740 regarding uncertain tax positions had no effect on its financial position as management believes the Study Hall has no material unrecognized income tax benefits, including any potential risk of loss of its not-for-profit status. The Study Hall would account for any potential interest or penalties related to possible future liabilities for unrecognized income tax benefits as income tax expense. The Study Hall is no longer subject to examination by federal, state or local tax authorities for periods before 2016.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13DEVEL COM CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt16Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD CHAIRMAN
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IRS990/FormationYr01988
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IRS990/FundraisingDirectExpensesAmt0109777
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
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IRS990/LobbyingActivitiesInd0false
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IRS990/OtherExpensesGrp/ProgramServicesAmt129345
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IRS990/OtherExpensesGrp/TotalAmt227471
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IRS990/PYTotalRevenueAmt0753992
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IRS990/ReconcilationRevenueExpnssAmt0-7272
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$2.90$0.33$2.57$1.99$0.70$1.29
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.09$1.28$1.00$0.67$0.33
2021Summary only. Only limited summary data is available for this year.$0.95$0.01$0.95$1.09$0.71$0.39
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.13$0.56$0.59$0.69$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.67$0.01$0.66$0.71$0.72$0.01
2018Summary only. Only limited summary data is available for this year.$0.66$0.00$0.66$0.75$0.75$0.00
2017Summary only. Only limited summary data is available for this year.$0.69$0.03$0.66$0.79$0.79$0.00
2016Summary only. Only limited summary data is available for this year.$0.71$0.05$0.66$0.71$0.59$0.11
2015Summary only. Only limited summary data is available for this year.$0.65$0.10$0.55$0.64$0.55$0.09
2014Summary only. Only limited summary data is available for this year.$0.60$0.15$0.45$0.37$0.51$0.14
2013Summary only. Only limited summary data is available for this year.$0.72$0.13$0.59$0.59$0.43$0.16
2012Summary only. Only limited summary data is available for this year.$0.59$0.16$0.43$0.41$0.41$0.00
2011Summary only. Only limited summary data is available for this year.$0.62$0.19$0.43$0.51$0.47$0.04