Civic Intelligence

Macon East Academy

990 • Fiscal year 2015 • EIN 63-0588643

Jun 01, 2014 to May 31, 2015 • Filed on Nov 19, 2015

15396 Vaughn RoadCecil, AL 36013

(334) 277-6566

Siviq Scores

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

Liabilities / Assets

75th percentile

0.41x

Higher debt load relative to assets than 75% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

75th percentile

0.46x

Higher debt load relative to revenue than 75% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

31st percentile

-3.2%

Higher net margin than 31% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

72nd percentile

$107,304

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

17th percentile

-7.0%

Faster asset growth than 17% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

33rd percentile

-2.7%

Faster revenue growth than 33% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

$3,139,210

No earlier filing loaded for comparison.

Net Assets

$1,842,321

No earlier filing loaded for comparison.

Liabilities

$1,296,889

No earlier filing loaded for comparison.

Revenue

$2,793,604

No earlier filing loaded for comparison.

Expenses

$2,882,568

No earlier filing loaded for comparison.

Net Income

-$88,964

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.

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $3,139,210Liabilities 2015: $1,296,889Net Assets 2015: $1,842,3212015

Highlighted filing

2015

Assets$3,139,210
Liabilities$1,296,889
Net Assets$1,842,321

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $2,793,604Expenses 2015: $2,882,568Net Income 2015: -$88,9642015

Highlighted filing

2015

Revenue$2,793,604
Expenses$2,882,568
Net Income-$88,964
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Nov 19, 2015
Return Version
2014v5.0
Gross Receipts
$2,821,773
Mission and Program Overview

Mission

Provision of elementary and secondary education to children enrolled in grades k-3 thru 12

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,915,531$2,684,526▼ $231,005
Savings and Temporary Cash Investments$259,443$245,000▼ $14,443
Cash and Non-Interest-Bearing Accounts$182,361$194,439▲ $12,078
Accounts Receivable$4,025$5,316▲ $1,291
Total Assets$3,374,268$3,139,210▼ $235,058
Other Assets Total$12,908$9,929▼ $2,979
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,058,505$1,031,587▼ $26,918
Deferred Revenue$191,596$172,449▼ $19,147
Other Liabilities$160,245$55,158▼ $105,087
Accounts Payable and Accrued Expenses$32,638$37,695▲ $5,057
Total Liabilities$1,442,984$1,296,889▼ $146,095
Net Assets / Fund Balance
Unrestricted Net Assets$1,931,284$1,842,321▼ $88,963
Total Net Assets Fund Balance$1,931,284$1,842,321▼ $88,963
Total Liabilities and Net Assets / Fund Balance$3,374,268$3,139,210▼ $235,058

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,181,851$2,033,823$4,215,674
Other Land Buildings$150,716$540,984$691,700
Equipment$80,947$389,836$470,783
Land$271,012-$271,012
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Glynn LottHeadmasterFT$78,250$29,054$107,304

Board Members and Trustees

NameTitle
Gina PughPresident
Kelley HallVice-president
Allen GarrettBoard Member
Amy BrownBoard Member
Beth NesbittBoard Member
Carlton CenterBoard Member
Dale LunnBoard Member
Devin WhittleBoard Member
Jeffery KitchensBoard Member
Matt WilliamsBoard Member
Scott MooreBoard Member
Vicki MaddoxBoard Member
Stacey BellSecretary
Shaw PritchettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$21,881
Program Service Revenue
$2,616,346
Investment Income
$6,871
Other Revenue
$148,506
All Other Contributions
$17,936
Change in Net Assets
$-88,964
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,688,661
Other Expenses$1,193,907
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,040,496$371,303-$1,411,799
Depreciation Depletion$237,551$12,503-$250,054
Other Employee Benefits$126,133$45,011-$171,144
Current Officers, Directors, Trustees, and Key Employees$77,914$27,804-$105,718
Occupancy$85,590$4,505-$90,095
Office Expenses$58,999$26,338-$85,337
All Other Expenses$57,945$8,620-$66,565
Interest$55,897$2,942-$58,839
Insurance$33,387$7,802-$41,189
Advertising-$28,058-$28,058
Other Expenses$27,515--$27,515
Conferences and Meetings$4,645$20,198-$24,843
Information Technology$14,786$778-$15,564
Fees for Services Accounting-$13,556-$13,556
Fees for Services Legal-$7,016-$7,016
Fees for Services Other-$1,244-$1,244
Total Functional Expenses$2,304,890$577,678$0$2,882,568
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$173,637
Fundraising Direct Expenses$27,899
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raffle$98,800$98,800$15,068$83,732
Atheltic Fundraiser$74,837$74,837$12,831$62,006
Total Events$173,637$173,637$27,899$145,738
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capitalized Lease Obligation$55,158
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has one class of members consisting of individuals who have signed and are obligated for the tuition contract for the current school year. Each member has one vote regarding issues the board of trustees determines should be brought before the membership for vote.

Form 990, Part VI, Section B, Line 11

The 990 is reviewed by the headmaster, treasurer, and comptroller prior to filing.

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

The organization monitors compliance with the conflict of interest policy throughout the year.

Form 990, Part VI, Section B, Line 15A

The compensation of the headmaster is reviewed and approved by the executive committee using comparability data. The deliberation and determination is documented in the executive committee minutes. The executive committee is independent with regard to the headmaster.

Form 990, Part VI, Section C, Line 19

The organization's governing documents which include a conflict of interest policy are made available upon request. The organization's financial statements are not available for public inspection.

Filing and Contact Details

Filer

Filer Name
Macon East Academy
EIN
63-0588643
Phone
3342776566
Address
15396 VAUGHN ROAD, CECIL, AL 36013

Signing Officer

Name
Shaw Pritchett
Title
Treasurer
Phone
3342776566
Signed
2015-11-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shaw Pritchett
Formed
1969
Legal Domicile
Al
Voting Board Members
14
Independent Board Members
14
Employees
72
Volunteers
64

Preparer

Firm
Jackson Thornton & Co Pc
Address
P O BOX 96, MONTGOMERY, AL 36101-0096
Preparer
Christine K Cook
Phone
3348347660
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The school has adopted the provisions of fasb asc (accounting standards codification) no. 740, accounting for uncertainty in income taxes. As a result of the implementation of asc no. 740, the school has not recognized any respective liability for unrecognized tax benefits as it has no known tax positions that would subject the school to any material income tax exposure. The tax years that remain subject to examination are the years ended august 31, 2012 and may 31, 2013 through 2015 for all major tax jurisdictions.

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IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt012908
IRS990/OtherAssetsTotalGrp/EOYAmt09929
IRS990/OtherChangesInNetAssetsAmt00
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0126133
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0171144
IRS990/OtherExpensesGrp/Desc0ATHLETIC PROGRAMS
IRS990/OtherExpensesGrp/Desc1LUNCHROOM EXPENSE
IRS990/OtherExpensesGrp/Desc2CLUB EXPENSE
IRS990/OtherExpensesGrp/Desc3BOOKS, SUBSCRIPTIONS, S
IRS990/OtherExpensesGrp/ProgramServicesAmt0277322
IRS990/OtherExpensesGrp/ProgramServicesAmt1132738
IRS990/OtherExpensesGrp/ProgramServicesAmt273972
IRS990/OtherExpensesGrp/ProgramServicesAmt327515
IRS990/OtherExpensesGrp/TotalAmt0277322
IRS990/OtherExpensesGrp/TotalAmt1132738
IRS990/OtherExpensesGrp/TotalAmt273972
IRS990/OtherExpensesGrp/TotalAmt327515
IRS990/OtherLiabilitiesGrp/BOYAmt0160245
IRS990/OtherLiabilitiesGrp/EOYAmt055158
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt02768
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02768
IRS990/OtherRevenueTotalAmt02768
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0371303
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01040496
IRS990/OtherSalariesAndWagesGrp/TotalAmt01411799
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SHAW PRITCHETT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION INCOME
IRS990/ProgramServiceRevenueGrp/Desc1ATHLETIC PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc2LUNCHROOM INCOME
IRS990/ProgramServiceRevenueGrp/Desc3CLUB PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc4AFTERSCHOOL PROGRAM
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1220938
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2189790
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt387707
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt450732
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02067179
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1220938
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2189790
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt387707
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt450732
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
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IRS990/PYProgramServiceRevenueAmt02810925
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IRS990/PYTotalExpensesAmt03039884
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02869968
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-88964
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02774916
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0259443
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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt02033823
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04215674
IRS990ScheduleD/EquipmentGrp/BookValueAmt080947
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0389836
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0470783
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0271012
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0271012
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0150716
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0540984
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0691700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt055158
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITALIZED LEASE OBLIGATION
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS ADOPTED THE PROVISIONS OF FASB ASC (ACCOUNTING STANDARDS CODIFICATION) NO. 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. AS A RESULT OF THE IMPLEMENTATION OF ASC NO. 740, THE SCHOOL HAS NOT RECOGNIZED ANY RESPECTIVE LIABILITY FOR UNRECOGNIZED TAX BENEFITS AS IT HAS NO KNOWN TAX POSITIONS THAT WOULD SUBJECT THE SCHOOL TO ANY MATERIAL INCOME TAX EXPOSURE. THE TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION ARE THE YEARS ENDED AUGUST 31, 2012 AND MAY 31, 2013 THROUGH 2015 FOR ALL MAJOR TAX JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02684526
IRS990ScheduleD/TotalLiabilityAmt055158
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S NONDISCRIMINATORY POLICY IS PUBLICIZED IN PUBLICATIONS THAT SERVE ALL RACIAL SEGMENTS OF THE RIVER REGION COMMUNITY DURING THE SCHOOL'S REGISTRATION PERIOD.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt027899
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0RAFFLE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ATHELTIC FUNDRAISER

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$3.14$1.30$1.84$2.79$2.88$0.09