Civic Intelligence

Madison Academy Inc.

990 • Fiscal year 2017 • EIN 59-1218101

Aug 01, 2016 to Jul 31, 2017 • Filed on Jun 08, 2018

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

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

57th percentile

6.5%

Higher net margin than 57% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

29th percentile

-9.7%

Faster asset growth than 29% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

2nd percentile

-92%

Faster revenue growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$315,878

Down $33,909 (-9.7%) from 2016

Net Assets

Up

$315,878

Up $3,839 (+1.2%) from 2016

Liabilities

Down

$0

Down $37,748 (-100%) from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin57th percentile

Revenue

Down

$58,977

Down $640,666 (-92%) from 2016

Expenses

Down

$55,138

Down $685,746 (-93%) from 2016

Net Income

Up

$3,839

Up $45,080 (+109%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth29th 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

2017

Assets$315,878
Liabilities$0
Net Assets$315,878
Open 2017 Filing

Operations Trend

Revenue Growth2nd 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

2017

Revenue$58,977
Expenses$55,138
Net Income$3,839
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Jun 8, 2018
Return Version
2016v3.1
Gross Receipts
$58,977
Mission and Program Overview

Mission

Quality education in a small environment

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$167,400$160,200▼ $7,200
Land, Buildings, and Equipment, Net$165,033$143,702▼ $21,331
Cash and Non-Interest-Bearing Accounts$16,354$9,893▼ $6,461
Accounts Receivable$500$2,083▲ $1,583
Savings and Temporary Cash Investments$500--
Total Assets$349,787$315,878▼ $33,909
Liabilities
Accounts Payable and Accrued Expenses$34,014--
Other Liabilities$3,734--
Total Liabilities$37,748$0▼ $37,748
Net Assets / Fund Balance
Unrestricted Net Assets$308,947$312,786▲ $3,839
Temporarily Rstr Net Assets$3,092$3,092→ $0
Total Net Assets Fund Balance$312,039$315,878▲ $3,839
Total Liabilities and Net Assets / Fund Balance$349,787$315,878▼ $33,909

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$70,558$398,648-
Other Land Buildings$10,875$170,942-
Land$15,906--
Equipment$46,363$113,920-
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Brian TownsendPresident
Cindy WilliamsBoard Member
Marilyn BlairSecretary
Margaret Ann BunchTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$54,569
Investment Income
$9
Other Revenue
$4,399
Change in Net Assets
$3,839
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50,368
Salaries, Compensation, and Employee Benefits$4,770
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$19,665$1,665-$21,330
Fees for Services Accounting$5,537$469-$6,006
Other Salaries and Wages$3,859$327-$4,186
Occupancy$299$25-$324
Other Expenses$461$307-$307
Payroll Taxes$282$24-$306
Office Expenses$258$22-$280
Pension Plan Contributions$256$22-$278
Total Functional Expenses$50,961$4,177$0$55,138
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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
Marilyn Blair
Title
Secretary
Phone
8509732529
Signed
2018-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Townsend
Formed
1968
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
29

Preparer

Firm
Buescher and Copeland Cpas
Address
121 NE RANGE AVE PO DRAWER 570, MADISON, FL 32341-0570
Preparer
Mark F Buescher
Phone
8509734034
Raw XML Appendix326 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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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.
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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/FilingSecurityInformation/AtSubmissionCreationDeviceId0A42E0CF4B0CFABFAFDAD50D00CF409967B1ADB50
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08E3C466F761C317283EE95887C481AD7B8FE7585
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/PreparationDt02018-06-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK F BUESCHER
ReturnHeader/ReturnTs02018-06-12T11:20:35-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-08-01
ReturnHeader/TaxPeriodEndDt02017-07-31
ReturnHeader/TaxYr02016

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
$315,878
Liabilities
$0
Net assets
$315,878
Revenue
$58,977
Expenses
$55,138
Net income
$3,839
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
2017Detailed filing. Detailed filing data is available for this year.$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
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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