Civic Intelligence

A Beka Academy Inc.

990 • Fiscal year 2019 • EIN 59-3458436

Jun 01, 2018 to May 31, 2019 • Filed on Feb 19, 2020

PO Box 18000Pensacola, FL 32523

(850) 478-8496

Siviq Scores

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

Liabilities / Assets

97th percentile

1.26x

Higher debt load relative to assets than 97% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

79th percentile

1.39x

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

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

24th percentile

-2.8%

Higher net margin than 24% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

26th percentile

$225,208

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

3rd percentile

-17%

Faster asset growth than 3% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

16th percentile

-15%

Faster revenue growth than 16% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Assets

Down

$91,046,834

Down $19,069,615 (-17%) from 2018

Net Assets

Down

-$23,620,141

Down $2,273,454 (-11%) from 2018

Liabilities

Down

$114,666,975

Down $16,796,161 (-13%) from 2018

Revenue

Down

$82,455,040

Down $14,487,312 (-15%) from 2018

Expenses

Down

$84,728,494

Down $13,050,275 (-13%) from 2018

Net Income

Down

-$2,273,454

Down $1,437,037 (-172%) from 2018

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0-$50M-$100MAssets 2013: $3,253,979Liabilities 2013: $15,279,377Net Assets 2013: -$12,025,3982013Assets 2014: $3,584,633Liabilities 2014: $15,888,702Net Assets 2014: -$12,304,0692014Assets 2015: $5,755,282Liabilities 2015: $16,702,921Net Assets 2015: -$10,947,6392015Assets 2016: $98,450,113Liabilities 2016: $112,778,998Net Assets 2016: -$14,328,8852016Assets 2017: $91,343,966Liabilities 2017: $111,854,236Net Assets 2017: -$20,510,2702017Assets 2018: $110,116,449Liabilities 2018: $131,463,136Net Assets 2018: -$21,346,6872018Assets 2019: $91,046,834Liabilities 2019: $114,666,975Net Assets 2019: -$23,620,1412019Assets 2020: $86,917,184Liabilities 2020: $121,618,190Net Assets 2020: -$34,701,0062020Assets 2021: $82,999,249Liabilities 2021: $117,933,657Net Assets 2021: -$34,934,4082021Assets 2022: $66,359,858Liabilities 2022: $111,601,844Net Assets 2022: -$45,241,9862022Assets 2025: $45,025,367Liabilities 2025: $102,984,112Net Assets 2025: -$57,958,7452025

Highlighted filing

2019

Assets$91,046,834
Liabilities$114,666,975
Net Assets-$23,620,141

Operations Trend

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

$150M$100M$50M$0-$50MExpenses 2013: $43,104,7052013Revenue 2014: $39,887,957Expenses 2014: $40,166,628Net Income 2014: -$278,6712014Revenue 2015: $42,915,683Expenses 2015: $41,559,253Net Income 2015: $1,356,4302015Revenue 2016: $45,781,083Expenses 2016: $49,162,329Net Income 2016: -$3,381,2462016Revenue 2017: $45,648,662Expenses 2017: $51,830,056Net Income 2017: -$6,181,3942017Revenue 2018: $96,942,352Expenses 2018: $97,778,769Net Income 2018: -$836,4172018Revenue 2019: $82,455,040Expenses 2019: $84,728,494Net Income 2019: -$2,273,4542019Revenue 2020: $80,882,217Expenses 2020: $91,963,082Net Income 2020: -$11,080,8652020Revenue 2021: $130,944,823Expenses 2021: $131,178,225Net Income 2021: -$233,4022021Revenue 2022: $124,172,250Expenses 2022: $134,479,828Net Income 2022: -$10,307,5782022Revenue 2025: $111,939,670Expenses 2025: $116,837,923Net Income 2025: -$4,898,2532025

Highlighted filing

2019

Revenue$82,455,040
Expenses$84,728,494
Net Income-$2,273,454
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Feb 19, 2020
Return Version
2018v3.1
Gross Receipts
$82,455,040
Mission and Program Overview

Mission

To provide quality christian educational services to students across the united states.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$94,260,390$83,573,693▼ $10,686,697
Accounts Receivable$12,349,887$4,460,148▼ $7,889,739
Inventories for Sale or Use$2,576,731$2,286,169▼ $290,562
Land, Buildings, and Equipment, Net$482,013$419,644▼ $62,369
Cash and Non-Interest-Bearing Accounts$436,634$297,322▼ $139,312
Prepaid Expenses and Deferred Charges$8,437$8,437→ $0
Other Notes and Loans Receivable, Net$2,357$1,421▼ $936
Savings and Temporary Cash Investments-$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-
Total Assets$110,116,449$91,046,834▼ $19,069,615
Other Assets Total-$0-
Liabilities
Other Liabilities$108,592,319$100,110,479▼ $8,481,840
Deferred Revenue$7,851,641$9,490,598▲ $1,638,957
Accounts Payable and Accrued Expenses$15,019,176$5,065,898▼ $9,953,278
Total Liabilities$131,463,136$114,666,975▼ $16,796,161
Net Assets / Fund Balance
Unrestricted Net Assets$-21,346,687$-23,620,141▼ $2,273,454
Total Net Assets Fund Balance$-21,346,687$-23,620,141▼ $2,273,454
Total Liabilities and Net Assets / Fund Balance$110,116,449$91,046,834▼ $19,069,615

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$419,644$1,407,730$1,827,374
Compensation and Service Providers

Employees

NameTitleOtherTotal
Denise ShoemakerSecretary$110,280$110,280

Board Members and Trustees

NameTitle
Troy ShoemakerPresident
Gettys AllenDirector
James ChapmanDirector
Phylis RandDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Advanced Duplication Services LLCCd-rom Manufacturer2155 NIAGARA LANE N 120, Plymouth, MN 55447$1,947,125
Revenue and Support

Revenue Composition

Contributions and Grants
$13,614,373
Program Service Revenue
$68,730,381
Investment Income
$109,824
Other Revenue
$462
All Other Contributions
$14,190
Change in Net Assets
$-2,273,454
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$77,186,084
Salaries, Compensation, and Employee Benefits$7,523,116
Grants and Similar Amounts Paid$19,294
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$13,506,646$3,376,661-$16,883,307
Depreciation Depletion$8,621,618$2,155,404-$10,777,022
Other Salaries and Wages$5,036,595$1,259,149-$6,295,744
Occupancy$4,383,094$1,095,774-$5,478,868
Royalties$3,600,587$900,147-$4,500,734
Office Expenses$2,931,181$732,795-$3,663,976
Interest$2,240,000$560,000-$2,800,000
Other Employee Benefits$483,391$120,848-$604,239
Payroll Taxes$338,129$84,532-$422,661
Other Expenses$330,212$82,553-$412,765
Travel$326,882$81,721-$408,603
All Other Expenses$312,608$78,152-$390,760
Pension Plan Contributions$160,378$40,094-$200,472
Insurance$67,559$16,890-$84,449
Advertising$58,579$14,645-$73,224
Fees for Services Legal$36,929$9,232-$46,161
Grants to Domestic Orgs$19,294--$19,294
Total Functional Expenses$68,540,430$16,188,064$0$84,728,494
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Pensacola Christian AcademyPensacola, FL-General Support$19,294
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable$100,000,000
Taxes Payable$110,479
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Troy and denise shoemaker are married.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

Decisions of the governing body are subject to approval by members.

Form 990, Part VI, Line 11B: Form 990 Review Process

A copy of the form 990 is provided to the board of directors prior to filing with the irs.

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

A beka academy, inc. Regularly and consistently monitors and enforces compliance with the conflict of interest policy by not awarding contracts to related parties.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

An unrelated third party reviews and analyzes the data.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

An unrelated third party reviews and analyzes the data.

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

The organization does not make the governing documents, conflict of interest policy, and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Abeka Academy Inc
EIN
59-3458436
Phone
8504788496
Address
PO BOX 18000, PENSACOLA, FL 32523

Signing Officer

Name
James Thompson
Title
CFO
Signed
2020-02-19
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
3
Employees
186

Preparer

Firm
Cain & David PC
Address
506 Roswell St SE Bldg 300, Marietta, GA 30060
Preparer
Mark D Fishman
Phone
7704997100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

The process has not changed from the prior year.

Raw XML AppendixShowing 400 of 578 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/OtherEmployeeBenefitsGrp/ProgramServicesAmt0483391
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IRS990/PayrollTaxesGrp/ProgramServicesAmt0338129
IRS990/PayrollTaxesGrp/TotalAmt0422661
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0160378
IRS990/PensionPlanContributionsGrp/TotalAmt0200472
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
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Filings

Peer Organizations

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