Civic Intelligence

Fayette Academy

990 • Fiscal year 2012 • EIN 62-0726245

Jul 01, 2011 to Jun 30, 2012 • Filed on Jan 22, 2013

Organization ProfileWWW.FAYETTEACADEMY.COM

View Organization Page

15090 Hwy 6438068
Siviq Scores

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

Liabilities / Assets

89th percentile

0.91x

Higher debt load relative to assets than 89% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

75th percentile

10%

Faster asset growth than 75% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$8,441,323

Up $772,414 (+10%) from 2011

Net Assets

Up

$734,723

Up $194,965 (+36%) from 2011

Liabilities

Up

$7,706,600

Up $577,449 (+8.1%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$4,655,256

Up $194,587 (+4.4%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$10M$5.0M$0Assets 2010: $4,901,961Liabilities 2010: $4,552,167Net Assets 2010: $349,7942010Assets 2011: $7,668,909Liabilities 2011: $7,129,151Net Assets 2011: $539,7582011Assets 2012: $8,441,323Liabilities 2012: $7,706,600Net Assets 2012: $734,7232012Assets 2013: $8,374,727Liabilities 2013: $7,424,067Net Assets 2013: $950,6602013Assets 2014: $8,141,909Liabilities 2014: $7,141,966Net Assets 2014: $999,9432014Assets 2015: $9,067,500Liabilities 2015: $8,401,374Net Assets 2015: $666,1262015Assets 2016: $8,752,909Liabilities 2016: $8,507,437Net Assets 2016: $245,4722016Assets 2017: $8,037,055Liabilities 2017: $7,982,218Net Assets 2017: $54,8372017Assets 2018: $8,021,124Liabilities 2018: $7,771,144Net Assets 2018: $249,9802018Assets 2019: $8,529,986Liabilities 2019: $8,174,404Net Assets 2019: $355,5822019Assets 2020: $8,026,856Liabilities 2020: $7,176,599Net Assets 2020: $850,2572020Assets 2021: $8,858,153Liabilities 2021: $7,805,295Net Assets 2021: $1,052,8582021Assets 2022: $8,678,300Liabilities 2022: $7,839,607Net Assets 2022: $838,6932022Assets 2023: $9,956,981Liabilities 2023: $8,063,593Net Assets 2023: $1,893,3882023Assets 2024: $9,947,668Liabilities 2024: $7,557,707Net Assets 2024: $2,389,9612024

Highlighted filing

2012

Assets$8,441,323
Liabilities$7,706,600
Net Assets$734,723
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,351,8002010Expenses 2011: $4,460,6692011Expenses 2012: $4,655,2562012Expenses 2013: $4,776,9332013Revenue 2014: $5,148,525Expenses 2014: $5,099,242Net Income 2014: $49,2832014Revenue 2015: $4,722,030Expenses 2015: $5,055,847Net Income 2015: -$333,8172015Revenue 2016: $4,700,143Expenses 2016: $5,120,797Net Income 2016: -$420,6542016Revenue 2017: $4,781,902Expenses 2017: $4,972,537Net Income 2017: -$190,6352017Revenue 2018: $5,312,457Expenses 2018: $5,117,314Net Income 2018: $195,1432018Revenue 2019: $5,240,535Expenses 2019: $5,134,933Net Income 2019: $105,6022019Revenue 2020: $5,767,060Expenses 2020: $5,272,385Net Income 2020: $494,6752020Revenue 2021: $5,496,842Expenses 2021: $5,294,241Net Income 2021: $202,6012021Revenue 2022: $5,865,591Expenses 2022: $6,079,756Net Income 2022: -$214,1652022Revenue 2023: $7,318,201Expenses 2023: $6,263,506Net Income 2023: $1,054,6952023Revenue 2024: $6,985,731Expenses 2024: $6,489,158Net Income 2024: $496,5732024

Highlighted filing

2012

Revenue-
Expenses$4,655,256
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Jan 22, 2013
Return Version
2011v1.2
Gross Receipts
$5,003,535
Mission and Program Overview

Mission

To provide co-educational and extracurricular activities to students from pre-kindergarten to 12th grade.

Filing and Contact Details

Filer

EIN
62-0726245
Raw XML AppendixShowing 400 of 471 raw XML fields

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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0THE SCHOOL'S RACIALLY NON-DISCRIMINATORY POLICY IS ADVERTISED THROUGH LOCAL NEWSPAPERS, MAGAZINES AND OTHER PRINTED MEDIA. IN ADDITION, THIS POLICY IS DISCLOSED ON THE SCHOOL'S INTERNET WEB-SITE.
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IRS990ScheduleE/NondiscriminatoryPolicyStmt01
IRS990ScheduleE/PolicyPublViaBroadcastMedia01
IRS990ScheduleE/PolicyStatementInBrochuresEtc01
IRS990ScheduleG/EventsInformation/GrossReceiptsEvent10120322
IRS990ScheduleG/EventsInformation/GrossReceiptsTotal0120322
IRS990ScheduleG/EventsInformation/GrossRevenueEvent10120322
IRS990ScheduleG/EventsInformation/GrossRevenueTotalEvents0120322
IRS990ScheduleG/EventsInformation/NameOfEvent10BAND AND ATHLETIC BOOSTERS
IRS990ScheduleG/EventsInformation/NetIncomeSummary0120322
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0THE FORM 990 IS REVIEWED BY THE TREASURER OF THE ORGANIZATION PRIOR TO BEING FILED.
IRS990ScheduleO/GeneralExplanation/Explanation1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST WITH SOME INFORMATION ALSO PROVIDED ON ITS WEBSITE.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION C, LINE 19
IRS990/ScheduleORequired01
IRS990/School01
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0TN
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/TemporarilyRestrictedNetAssets/BOY0174100
IRS990/TemporarilyRestrictedNetAssets/EOY00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1015090 HIGHWAY 64
IRS990/TheBooksAreInCareOf/AddressUS/City0SOMERVILLE
IRS990/TheBooksAreInCareOf/AddressUS/State0TN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode038068
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10FAYETTE ACADEMY
IRS990/TheBooksAreInCareOf/TelephoneNumber09014653241
IRS990/TotalAssets/BOY07668909
IRS990/TotalAssetsBOY07668909
IRS990/TotalAssets/EOY08441323
IRS990/TotalAssetsEOY08441323
IRS990/TotalCompGT150K00

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$8,441,323
Liabilities
$7,706,600
Net assets
$734,723
Revenue
-
Expenses
$4,655,256
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.95$7.56$2.39$6.99$6.49$0.50
2023Detailed filing. Detailed filing data is available for this year.$9.96$8.06$1.89$7.32$6.26$1.05
2022Detailed filing. Detailed filing data is available for this year.$8.68$7.84$0.84$5.87$6.08$0.21
2021Detailed filing. Detailed filing data is available for this year.$8.86$7.81$1.05$5.50$5.29$0.20
2020Detailed filing. Detailed filing data is available for this year.$8.03$7.18$0.85$5.77$5.27$0.49
2019Detailed filing. Detailed filing data is available for this year.$8.53$8.17$0.36$5.24$5.13$0.11
2018Detailed filing. Detailed filing data is available for this year.$8.02$7.77$0.25$5.31$5.12$0.20
2017Detailed filing. Detailed filing data is available for this year.$8.04$7.98$0.05$4.78$4.97$0.19
2016Detailed filing. Detailed filing data is available for this year.$8.75$8.51$0.25$4.70$5.12$0.42
2015Detailed filing. Detailed filing data is available for this year.$9.07$8.40$0.67$4.72$5.06$0.33
2014Detailed filing. Detailed filing data is available for this year.$8.14$7.14$1.00$5.15$5.10$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.37$7.42$0.95$4.78
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.44$7.71$0.73$4.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.67$7.13$0.54$4.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.90$4.55$0.35$4.35