Civic Intelligence

The Alfred and Adele Davis Academy Inc.

990 • Fiscal year 2014 • EIN 58-1970181

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 17, 2015

8105 Roberts Drive30350

(770) 671-0085

Siviq Scores

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

Liabilities / Assets

61st percentile

0.39x

Higher debt load relative to assets than 61% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

79th percentile

1.18x

Higher debt load relative to revenue than 79% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

75th percentile

16%

Higher net margin than 75% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

62nd percentile

$292,452

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

57th percentile

5.9%

Faster asset growth than 57% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

46th percentile

3.0%

Faster revenue growth than 46% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2012 to 2014

Assets

Up

$42,809,447

Up $2,400,065 (+5.9%) from 2013

Net Assets

Up

$26,014,452

Up $3,259,797 (+14%) from 2013

Liabilities

Down

$16,794,995

Down $859,732 (-4.9%) from 2013

Revenue

$14,193,495

No earlier filing loaded for comparison.

Expenses

Down

$11,854,451

Down $218,685 (-1.8%) from 2013

Net Income

$2,339,044

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2011: $34,566,586Liabilities 2011: $14,756,523Net Assets 2011: $19,810,0632011Assets 2012: $38,056,022Liabilities 2012: $18,105,936Net Assets 2012: $19,950,0862012Assets 2013: $40,409,382Liabilities 2013: $17,654,727Net Assets 2013: $22,754,6552013Assets 2014: $42,809,447Liabilities 2014: $16,794,995Net Assets 2014: $26,014,4522014Assets 2015: $48,663,063Liabilities 2015: $16,121,701Net Assets 2015: $32,541,3622015Assets 2016: $51,502,805Liabilities 2016: $16,124,335Net Assets 2016: $35,378,4702016Assets 2017: $53,907,622Liabilities 2017: $15,414,813Net Assets 2017: $38,492,8092017Assets 2018: $54,551,267Liabilities 2018: $14,166,099Net Assets 2018: $40,385,1682018Assets 2019: $55,794,544Liabilities 2019: $13,640,978Net Assets 2019: $42,153,5662019Assets 2020: $56,656,826Liabilities 2020: $13,832,164Net Assets 2020: $42,824,6622020Assets 2021: $64,823,624Liabilities 2021: $12,348,503Net Assets 2021: $52,475,1212021Assets 2022: $60,440,379Liabilities 2022: $11,487,097Net Assets 2022: $48,953,2822022Assets 2023: $68,039,371Liabilities 2023: $11,020,837Net Assets 2023: $57,018,5342023Assets 2024: $72,911,545Liabilities 2024: $9,711,608Net Assets 2024: $63,199,9372024

Highlighted filing

2014

Assets$42,809,447
Liabilities$16,794,995
Net Assets$26,014,452

Operations Trend

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

$20M$10M$0-$10MRevenue 2011: $11,397,575Expenses 2011: $10,549,386Net Income 2011: $848,1892011Revenue 2012: $13,388,829Expenses 2012: $12,221,935Net Income 2012: $1,166,8942012Expenses 2013: $12,073,1362013Revenue 2014: $14,193,495Expenses 2014: $11,854,451Net Income 2014: $2,339,0442014Revenue 2015: $19,800,902Expenses 2015: $12,743,632Net Income 2015: $7,057,2702015Revenue 2016: $15,505,374Expenses 2016: $12,418,814Net Income 2016: $3,086,5602016Revenue 2017: $14,927,787Expenses 2017: $13,089,355Net Income 2017: $1,838,4322017Revenue 2018: $15,048,638Expenses 2018: $13,556,267Net Income 2018: $1,492,3712018Revenue 2019: $14,838,163Expenses 2019: $13,291,808Net Income 2019: $1,546,3552019Revenue 2020: $13,701,523Expenses 2020: $13,611,239Net Income 2020: $90,2842020Revenue 2021: $18,514,895Expenses 2021: $14,128,556Net Income 2021: $4,386,3392021Revenue 2022: $18,707,941Expenses 2022: $14,042,068Net Income 2022: $4,665,8732022Revenue 2023: $18,133,997Expenses 2023: $15,397,966Net Income 2023: $2,736,0312023Revenue 2024: $12,345,830Expenses 2024: $16,918,555Net Income 2024: -$4,572,7252024

Highlighted filing

2014

Revenue$14,193,495
Expenses$11,854,451
Net Income$2,339,044
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 17, 2015
Return Version
2013v4.0
Gross Receipts
$21,542,707
Mission and Program Overview

Mission

To provide an academically challenging environment with enriched curricula, integrating general academics and judaic studies from mechina kindergarten prep through eighth grade in a nurturing, secure environment, instructed by a faculty dedicated to excellence, children are encouraged to reach their highest potential. The davis academy strives to create a community in which children develop a life-long love for learning and a commitment to jewish life founded on morals, values, and ethics, grounded in torah.

To provide an academically challenging environment with enriched curricula, integrating general academics and judaic studies from mechina: kindergarten prep through eighth grade. In a nurturing, secure environment, instructed by a faculty dedicated to excellence, children are encouraged to reach their highest potential. The davis academy strives to create a community in which children develop a life-long love for learning and a commitment to jewish life founded on morals, values, and ethics, grounded in torah.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,339,422$16,842,519▼ $496,903
Savings and Temporary Cash Investments$11,244,062$11,680,689▲ $436,627
Investments Other Securities$9,533,335$11,459,465▲ $1,926,130
Cash and Non-Interest-Bearing Accounts$1,347,245$2,172,190▲ $824,945
Intangible Assets$221,399$221,113▼ $286
Pledges and Grants Receivable$444,423$189,064▼ $255,359
Prepaid Expenses and Deferred Charges$186,205$159,472▼ $26,733
Accounts Receivable$93,291$84,935▼ $8,356
Total Assets$40,409,382$42,809,447▲ $2,400,065
Liabilities
Tax Exempt Bond Liabilities$10,590,000$10,001,004▼ $588,996
Deferred Revenue$4,921,854$4,824,939▼ $96,915
Other Liabilities$1,366,000$1,290,978▼ $75,022
Accounts Payable and Accrued Expenses$776,873$678,074▼ $98,799
Total Liabilities$17,654,727$16,794,995▼ $859,732
Net Assets / Fund Balance
Unrestricted Net Assets$16,735,070$22,975,855▲ $6,240,785
Temporarily Rstr Net Assets$5,143,352$2,056,021▼ $3,087,331
Permanently Rstr Net Assets$876,233$982,576▲ $106,343
Total Net Assets Fund Balance$22,754,655$26,014,452▲ $3,259,797
Total Liabilities and Net Assets / Fund Balance$40,409,382$42,809,447▲ $2,400,065

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,912,407$6,822,688$19,735,095
Equipment$1,190,831$2,929,585$4,120,416
Land$2,226,200-$2,226,200
Leasehold Improvements$508,873$461,139$970,012
Other Land Buildings$4,208$206,162$210,370
Other Securities$43,745--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$3,411,671$1,606,343▲ $536,415-$5,534,563
2012$2,937,476$146,260▲ $343,690-$3,411,671
2011$2,865,470$53,253▲ $33,035-$2,937,476
2010$2,418,680$17,936▲ $442,482-$2,865,470
2009$2,116,607$28,418▲ $285,835-$2,418,680
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amy ShafronHead of SchoolFT$230,625$61,827$292,452
Andrew FrankLower School PrincipalFT$138,279$39,184$177,463
Bonnie VavraCFOFT$152,960$23,560$176,520
Sidney KirschnerTrustee for Life-$36,977-$36,977

Board Members and Trustees

NameTitle
Tonia SellersImmediate Past President
Benjamin SillinsPast President
Bryan FieldsPast President
Carol NemoPast President
Harriet ZollerPast President
Sam L TuckPresident
Debbie KurzweilVice President
Mark KopkinVice President
Alan RosenbergBoard Member
Allan J ZachariahBoard Member
Ann DavisBoard Member
Arlene MarcusBoard Member
Beth WarnerBoard Member
Billie GreenbergBoard Member
Carol RubinBoard Member
Dina GersonBoard Member
Dulcy RosenbergBoard Member
Elizabeth LiebermanBoard Member
Ellen GoldsteinBoard Member
Evan ToporekBoard Member
Janet SeligBoard Member
Jeff HopkinsBoard Member
Jon LevenBoard Member
Karyn LipskyBoard Member
Kellee RosenbergBoard Member
Kevin AbelBoard Member
Lauren SidmanBoard Member
Lisa HaynorBoard Member
Mara BermanBoard Member
Mark EdelsteinBoard Member
Robbie FriedmannBoard Member
Scott GalantiBoard Member
Sheri PanovkaBoard Member
Sherri BergerBoard Member
Stephen a WinterBoard Member
Toby SidmanBoard Member
Jay DavisTrustee for Life
William BremanTrustee for Life
Bill RothschildSecretary
Steven RauSecretary
Melinda CobbTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Tony & Sylvia EnterprisesJanitorial & Cleaning-$274,590
Traveland INCTravel Agency-$132,456
Mckenna Long & Aldridge LLPLegal Fees-$127,620
The Goodfriend CompanyCatering-$124,935
Revenue and Support

Revenue Composition

Contributions and Grants
$1,651,218
Program Service Revenue
$11,913,432
Investment Income
$581,617
Other Revenue
$47,228
All Other Contributions
$1,332,824
Change in Net Assets
$2,339,044

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,629,665
Revenue Not Reported on Financial Statements
$1,563,831
Revenue Not Reported on Form 990
$973,632
Other Revenue Adjustments
$1,477,920
Total Revenue per Audited Statements
$13,603,297
Total Revenue per Form 990
$14,193,496
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,812,379
Other Expenses$3,564,221
Grants and Similar Amounts Paid$1,477,851
Total Fundraising Expense$333,970
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,967,861$816,204$139,407$4,923,472
Grants to Domestic Individuals$1,477,851--$1,477,851
Other Employee Benefits$921,790$257,991$62,692$1,242,473
Depreciation Depletion-$951,172-$951,172
All Other Expenses$400,671$391,831$23,996$816,498
Current Officers, Directors, Trustees, and Key Employees$177,463$410,481$58,490$646,434
Interest-$283,978-$283,978
Occupancy-$244,071-$244,071
Other Expenses$113,581$57,104$47,408$104,512
Information Technology$20,935$74,343-$95,278
Insurance-$92,193-$92,193
Office Expenses$942$85,288-$86,230
Fees for Service Investment Mgmnt Fees-$85,911-$85,911
Fees for Services Accounting-$53,672-$53,672
Conferences and Meetings$9,447$42,344-$51,791
Advertising-$42,530$1,977$44,507
Fees for Services Legal-$14,879-$14,879
Total Functional Expenses$7,234,231$4,286,250$333,970$11,854,451

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$11,854,451
Total Expenses per Audited Statements$10,343,500
Expenses per Audited Statements$10,290,620
Expenses Not Reported on Financial Statements$1,563,831
Other Expense Adjustments$1,477,920
Expenses Not Reported on Form 990$52,880
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$53,525
Fundraising Direct Expenses$52,880
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$203,409$53,525$13,824$39,701
Event 2$13,370---
Total Events$371,919$53,525$52,880$645
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Taxable Bond Payable$1,290,978

Bond Issues

BondIssuerIssuedIssue PricePurpose
A26-15809392013-06-20$10,590,000To refinance the cost of acquiring, constructing, renovating, and installin

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$10,590,000$10,590,000--

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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, Section B, Line 11

The board president, head of school and cfo review the return in detail prior to filing, and a copy is provided for all board members to review prior to filing.

Form 990, Part VI, Section B, Line 12C

The organization has board members and officers read and sign an acknowledgement that they have read the policies and procedures and that no conflicts exist. Should conflicts arise, the issues are discussed and resolved by an independent committee of the board.

Form 990, Part VI, Section B, Line 15

Ceo compensation is determined by the board of directors, cfo compensation by ceo in consultation with the board of directors, and key employee compensation determined by the ceo and cfo in consultation with the board of directors.

Form 990, Part VI, Section C, Line 18

These items are made available at the organization offices upon request.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

EIN
58-1970181
Phone
7706710085

Signing Officer

Name
Amy Shafron
Title
Head of School
Phone
7706710085
Signed
2015-02-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Shafron
Formed
1992
Legal Domicile
Ga
Voting Board Members
35
Independent Board Members
35
Employees
176
Volunteers
300

Preparer

Preparer
Kevin J Hedrick CPA
Phone
7705120500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Audit committee meets annually with auditors, reviews financial statements, makes any recommendations necessary to board, and the board votes to accept audit and/or approves audit committee recommendations.

Financial Statement Notes

PART X, LINE 2:

The academy follows current accounting guidance on accounting for uncertainty in income tax. It prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of uncertain tax positions taken or expected to be taken in a company's income tax returns, including taxes on unrelated business income earned by not-for-profit organizations, and also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods and disclosure. The fiscal years 2011 to 2014 remain open to examination by the major tax jurisdictions to which the academy is subject. The academy has concluded that there are no uncertain tax positions related to years open to examination that would require recognition in the financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising expenses 52,880.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Booster club - concessions 69. Tuition assistance 1,477,851.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising expenses 52,880.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Booster club - concessions 69. Tuition assistance 1,477,851.

Raw XML AppendixShowing 400 of 1,019 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/Form990PartVIISectionAGrp/PersonNm1TONIA SELLERS
IRS990/Form990PartVIISectionAGrp/PersonNm2MARK KOPKIN
IRS990/Form990PartVIISectionAGrp/PersonNm3DEBBIE KURZWEIL
IRS990/Form990PartVIISectionAGrp/PersonNm4MELINDA COBB
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IRS990/Form990PartVIISectionAGrp/PersonNm6TOBY SIDMAN
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IRS990/Form990PartVIISectionAGrp/PersonNm8KEVIN ABEL
IRS990/Form990PartVIISectionAGrp/PersonNm9ROBBIE FRIEDMANN
IRS990/Form990PartVIISectionAGrp/PersonNm10BETH WARNER
IRS990/Form990PartVIISectionAGrp/PersonNm11MARA BERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm12ANN DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm13ELLEN GOLDSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm14LISA HAYNOR
IRS990/Form990PartVIISectionAGrp/PersonNm15JANET SELIG
IRS990/Form990PartVIISectionAGrp/PersonNm16JEFF HOPKINS
IRS990/Form990PartVIISectionAGrp/PersonNm17CAROL RUBIN
IRS990/Form990PartVIISectionAGrp/PersonNm18BILL ROTHSCHILD
IRS990/Form990PartVIISectionAGrp/PersonNm19ALAN ROSENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm20MARK EDELSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm21KARYN LIPSKY
IRS990/Form990PartVIISectionAGrp/PersonNm22DINA GERSON
IRS990/Form990PartVIISectionAGrp/PersonNm23JON LEVEN
IRS990/Form990PartVIISectionAGrp/PersonNm24LAUREN SIDMAN
IRS990/Form990PartVIISectionAGrp/PersonNm25ELIZABETH LIEBERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm26STEPHEN A WINTER
IRS990/Form990PartVIISectionAGrp/PersonNm27ALLAN J ZACHARIAH
IRS990/Form990PartVIISectionAGrp/PersonNm28SHERI PANOVKA
IRS990/Form990PartVIISectionAGrp/PersonNm29DULCY ROSENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm30HARRIET ZOLLER
IRS990/Form990PartVIISectionAGrp/PersonNm31BRYAN FIELDS
IRS990/Form990PartVIISectionAGrp/PersonNm32CAROL NEMO
IRS990/Form990PartVIISectionAGrp/PersonNm33BENJAMIN SILLINS
IRS990/Form990PartVIISectionAGrp/PersonNm34JAY DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm35WILLIAM BREMAN
IRS990/Form990PartVIISectionAGrp/PersonNm36SIDNEY KIRSCHNER
IRS990/Form990PartVIISectionAGrp/PersonNm37AMY SHAFRON
IRS990/Form990PartVIISectionAGrp/PersonNm38BONNIE VAVRA
IRS990/Form990PartVIISectionAGrp/PersonNm39ANDREW FRANK
IRS990/Form990PartVIISectionAGrp/PersonNm40SHERRI BERGER
IRS990/Form990PartVIISectionAGrp/PersonNm41SCOTT GALANTI
IRS990/Form990PartVIISectionAGrp/PersonNm42ARLENE MARCUS
IRS990/Form990PartVIISectionAGrp/PersonNm43KELLEE ROSENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm44EVAN TOPOREK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1IMMEDIATE PAST PRESIDENT

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$72.9$9.71$63.2$12.3$16.9$4.57
2023Detailed filing. Detailed filing data is available for this year.$68.0$11.0$57.0$18.1$15.4$2.74
2022Detailed filing. Detailed filing data is available for this year.$60.4$11.5$49.0$18.7$14.0$4.67
2021Detailed filing. Detailed filing data is available for this year.$64.8$12.3$52.5$18.5$14.1$4.39
2020Detailed filing. Detailed filing data is available for this year.$56.7$13.8$42.8$13.7$13.6$0.09
2019Detailed filing. Detailed filing data is available for this year.$55.8$13.6$42.2$14.8$13.3$1.55
2018Detailed filing. Detailed filing data is available for this year.$54.6$14.2$40.4$15.0$13.6$1.49
2017Detailed filing. Detailed filing data is available for this year.$53.9$15.4$38.5$14.9$13.1$1.84
2016Detailed filing. Detailed filing data is available for this year.$51.5$16.1$35.4$15.5$12.4$3.09
2015Detailed filing. Detailed filing data is available for this year.$48.7$16.1$32.5$19.8$12.7$7.06
2014Detailed filing. Detailed filing data is available for this year.$42.8$16.8$26.0$14.2$11.9$2.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.4$17.7$22.8$12.1
2012Summary only. Only limited summary data is available for this year.$38.1$18.1$20.0$13.4$12.2$1.17
2011Summary only. Only limited summary data is available for this year.$34.6$14.8$19.8$11.4$10.5$0.85