Civic Intelligence

Madison Academy Inc.

990 • Fiscal year 2015 • EIN 59-1218101

Aug 01, 2014 to Jul 31, 2015 • Filed on Jun 13, 2016

Organization ProfileMADISONACADEMY.ORG
PO Box 690Madison, FL 32341

(850) 973-2529

Siviq Scores

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

Liabilities / Assets

76th percentile

0.30x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

72nd percentile

0.19x

Higher debt load relative to revenue than 72% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

32nd percentile

-2.8%

Higher net margin than 32% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

20th percentile

-7.7%

Faster asset growth than 20% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

48th percentile

2.6%

Faster revenue growth than 48% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$504,003

Down $41,935 (-7.7%) from 2014

Net Assets

Down

$353,280

Down $22,404 (-6.0%) from 2014

Liabilities

Down

$150,723

Down $19,531 (-11%) from 2014

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin32nd percentile

Revenue

Up

$787,308

Up $20,186 (+2.6%) from 2014

Expenses

Down

$809,712

Down $127,365 (-14%) from 2014

Net Income

Up

-$22,404

Up $147,551 (+87%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$800K$600K$400K$200K$0Assets 2011: $671,869Liabilities 2011: $153,095Net Assets 2011: $518,7742011Assets 2012: $657,515Liabilities 2012: $149,265Net Assets 2012: $508,2502012Assets 2013: $714,088Liabilities 2013: $168,449Net Assets 2013: $545,6392013Assets 2014: $545,938Liabilities 2014: $170,254Net Assets 2014: $375,6842014Assets 2015: $504,003Liabilities 2015: $150,723Net Assets 2015: $353,2802015Assets 2016: $349,787Liabilities 2016: $37,748Net Assets 2016: $312,0392016Assets 2017: $315,878Liabilities 2017: $0Net Assets 2017: $315,8782017Assets 2018: $319,236Liabilities 2018: $0Net Assets 2018: $319,2362018

Highlighted filing

2015

Assets$504,003
Liabilities$150,723
Net Assets$353,280
Open 2015 Filing

Operations Trend

Revenue Growth48th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $823,8042011Expenses 2012: $841,7642012Expenses 2013: $856,9722013Revenue 2014: $767,122Expenses 2014: $937,077Net Income 2014: -$169,9552014Revenue 2015: $787,308Expenses 2015: $809,712Net Income 2015: -$22,4042015Revenue 2016: $699,643Expenses 2016: $740,884Net Income 2016: -$41,2412016Revenue 2017: $58,977Expenses 2017: $55,138Net Income 2017: $3,8392017Revenue 2018: $23,452Expenses 2018: $20,094Net Income 2018: $3,3582018

Highlighted filing

2015

Revenue$787,308
Expenses$809,712
Net Income-$22,404
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2014 to Jul 31, 2015
Signed
Jun 13, 2016
Return Version
2014v6.0
Gross Receipts
$800,561
Mission and Program Overview

Mission

Quality education in a small environment

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$217,551$189,201▼ $28,350
Other Notes and Loans Receivable, Net$181,800$174,600▼ $7,200
Savings and Temporary Cash Investments$102,558$103,572▲ $1,014
Cash and Non-Interest-Bearing Accounts$26,560$25,089▼ $1,471
Accounts Receivable$17,469$11,541▼ $5,928
Total Assets$545,938$504,003▼ $41,935
Liabilities
Deferred Revenue$133,809$130,282▼ $3,527
Accounts Payable and Accrued Expenses$33,956$15,738▼ $18,218
Other Liabilities$2,489$4,703▲ $2,214
Total Liabilities$170,254$150,723▼ $19,531
Net Assets / Fund Balance
Unrestricted Net Assets$372,592$350,188▼ $22,404
Temporarily Rstr Net Assets$3,092$3,092→ $0
Total Net Assets Fund Balance$375,684$353,280▼ $22,404
Total Liabilities and Net Assets / Fund Balance$545,938$504,003▼ $41,935

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$95,892$373,313-
Other Land Buildings$70,560$111,257-
Land$15,906--
Equipment$6,843$153,440-
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Brian TownsendPresident
Cindy WilliamsBoard Member
Gareth SmithBoard Member
Jamie DavisBoard Member
Mike VulloBoard Member
Lindsey LawsonDeputy Treas
Andrea KrellSecretary
Margaret Ann BunchTreasurer
T J JonesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$200
Program Service Revenue
$693,013
Investment Income
$1,086
Other Revenue
$93,009
All Other Contributions
$200
Change in Net Assets
$-22,404
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$634,471
Other Expenses$175,241
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$419,640$105,108-$524,748
Occupancy$42,024$4,669-$46,693
Other Employee Benefits$39,973$4,441-$44,414
Payroll Taxes$29,468$7,367-$36,835
Pension Plan Contributions$25,627$2,847-$28,474
Depreciation Depletion$25,513$2,835-$28,348
Insurance$11,790$11,790-$23,580
Information Technology$10,068--$10,068
Other Expenses$6,552$1,849-$6,552
Office Expenses$5,403$600-$6,003
Fees for Services Accounting$4,478$498-$4,976
All Other Expenses$1,377$1,376-$2,753
Advertising$682--$682
Total Functional Expenses$666,332$143,380$0$809,712
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$47,639
Fundraising Direct Expenses$13,253
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pat Club Fundra$47,639$47,639$13,253$34,386
Total Events$47,639$47,639$13,253$34,386
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
School Club Funds$4,703
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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

“Head of school and bookkeeper review the form 990 with cpa prior to finalizing. The prior year return is reviewed along with the compiled or reviewed financial statements while reviewing the current year form 990.”

Form 990, Page 6, Part VI, Line 15A

“Compensation for the school headmistress is set by vote of the board of directors.”

Form 990, Page 6, Part VI, Line 19

“This organization makes available the financial statements, organization documents, and form 990 to any individual or organization making a request for such documents. These documents are kept on hand at the organization in case of such requests.”

Filing and Contact Details

Filer

Filer Name
Madison Academy Inc
EIN
59-1218101
Phone
8509732529
Address
PO BOX 690, MADISON, FL 32341

Signing Officer

Name
Margaret Ann Bunch
Title
Treasurer
Phone
8509732529
Signed
2016-06-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Townsend
Formed
1968
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
41

Preparer

Firm
Buescher and Copeland Cpas
Address
121 NE RANGE AVE PO DRAWER 570, MADISON, FL 32341-0570
Preparer
Mark F Buescher
Phone
8509734034
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IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0181817
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04703
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SCHOOL CLUB FUNDS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0189201
IRS990ScheduleD/TotalLiabilityAmt04703
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 NON DISCRIMINATION POLICY IS PUBLISHED SEVERAL TIMES A YEAR IN LOCAL NEWSPAPERS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt013253
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0PAT CLUB FUNDRA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt047639
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt047639
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt047639
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt047639
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt034386
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt013253
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt013253
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HEAD OF SCHOOL AND BOOKKEEPER REVIEW THE FORM 990 WITH CPA PRIOR TO FINALIZING. THE PRIOR YEAR RETURN IS REVIEWED ALONG WITH THE COMPILED OR REVIEWED FINANCIAL STATEMENTS WHILE REVIEWING THE CURRENT YEAR FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION FOR THE SCHOOL HEADMISTRESS IS SET BY VOTE OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS ORGANIZATION MAKES AVAILABLE THE FINANCIAL STATEMENTS, ORGANIZATION DOCUMENTS, AND FORM 990 TO ANY INDIVIDUAL OR ORGANIZATION MAKING A REQUEST FOR SUCH DOCUMENTS. THESE DOCUMENTS ARE KEPT ON HAND AT THE ORGANIZATION IN CASE OF SUCH REQUESTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt03092
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03092
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0545938
IRS990/TotalAssetsEOYAmt0504003
IRS990/TotalAssetsGrp/BOYAmt0545938
IRS990/TotalAssetsGrp/EOYAmt0504003
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0200
IRS990/TotalEmployeeCnt041
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0143380
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0666332
IRS990/TotalFunctionalExpensesGrp/TotalAmt0809712
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0170254
IRS990/TotalLiabilitiesEOYAmt0150723
IRS990/TotalLiabilitiesGrp/BOYAmt0170254
IRS990/TotalLiabilitiesGrp/EOYAmt0150723
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0375684
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0353280
IRS990/TotalProgramServiceExpensesAmt0666332
IRS990/TotalProgramServiceRevenueAmt0693013
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0752722
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0787308
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0545938
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0504003
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0372592
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0350188
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04961 NW CR 252
IRS990/USAddress/CityNm0GREENVILLE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032331
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0MADISONACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARGARET ANN BUNCH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08509732529
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-06-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MADISON ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0MADI
ReturnHeader/Filer/EIN0591218101
ReturnHeader/Filer/PhoneNum08509732529
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 690
ReturnHeader/Filer/USAddress/CityNm0MADISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032341
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272051003
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BUESCHER AND COPELAND CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0121 NE RANGE AVE PO DRAWER 570
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0323410570
ReturnHeader/PreparerPersonGrp/PhoneNum08509734034
ReturnHeader/PreparerPersonGrp/PreparationDt02016-06-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK F BUESCHER
ReturnHeader/ReturnTs02016-06-14T16:25:05-05:00
ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$504,003
Liabilities
$150,723
Net assets
$353,280
Revenue
$787,308
Expenses
$809,712
Net income
-$22,404
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.19$0.00$3.19$0.23$0.20$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.16$0.00$3.16$0.59$0.55$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.50$0.38$3.12$7.00$7.41$0.41
2015Detailed filing. Detailed filing data is available for this year.$5.04$1.51$3.53$7.87$8.10$0.22
2014Summary only. Only limited summary data is available for this year.$5.46$1.70$3.76$7.67$9.37$1.70
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.14$1.68$5.46$8.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.58$1.49$5.08$8.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.72$1.53$5.19$8.24