Civic Intelligence

Marion Academy Inc.

990 • Fiscal year 2021 • EIN 63-0958471

Jun 01, 2020 to May 31, 2021 • Filed on Apr 13, 2022

Organization ProfileN/A

Refreshing map…

505 Washington StreetMarion, AL 36756

(003) 346-8382

Siviq Scores

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

Liabilities / Assets

90th percentile

0.69x

Higher debt load relative to assets than 90% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

60th percentile

0.07x

Higher debt load relative to revenue than 60% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

90th percentile

59%

Higher net margin than 90% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

1st percentile

-68%

Faster asset growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

81st percentile

72%

Faster revenue growth than 81% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$60,175

Down $129,138 (-68%) from 2020

Net Assets

Up

$18,886

Up $359,737 (+106%) from 2020

Liabilities

Down

$41,289

Down $488,875 (-92%) from 2020

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin90th percentile

Revenue

Up

$608,057

Up $255,453 (+72%) from 2020

Expenses

Down

$248,320

Down $90,912 (-27%) from 2020

Net Income

Up

$359,737

Up $346,365 (+2590%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$1.0M$500K$0-$500KAssets 2011: $333,548Liabilities 2011: $324,849Net Assets 2011: $8,6992011Assets 2012: $332,530Liabilities 2012: $369,748Net Assets 2012: -$37,2182012Assets 2013: $415,689Liabilities 2013: $434,297Net Assets 2013: -$18,6082013Assets 2014: $371,027Liabilities 2014: $411,927Net Assets 2014: -$40,9002014Assets 2015: $333,910Liabilities 2015: $413,858Net Assets 2015: -$79,9482015Assets 2016: $328,151Liabilities 2016: $485,625Net Assets 2016: -$157,4742016Assets 2017: $305,655Liabilities 2017: $508,118Net Assets 2017: -$202,4632017Assets 2018: $247,102Liabilities 2018: $530,544Net Assets 2018: -$283,4422018Assets 2019: $193,313Liabilities 2019: $547,536Net Assets 2019: -$354,2232019Assets 2020: $189,313Liabilities 2020: $530,164Net Assets 2020: -$340,8512020Assets 2021: $60,175Liabilities 2021: $41,289Net Assets 2021: $18,8862021Assets 2022: $37,907Liabilities 2022: $43,201Net Assets 2022: -$5,2942022Assets 2023: $74,598Liabilities 2023: $98,484Net Assets 2023: -$23,8862023Assets 2024: $53,407Liabilities 2024: $100,334Net Assets 2024: -$46,9272024Assets 2025: $54,690Liabilities 2025: $97,514Net Assets 2025: -$42,8242025

Highlighted filing

2021

Assets$60,175
Liabilities$41,289
Net Assets$18,886
Open 2021 Filing

Operations Trend

Revenue Growth81st percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $454,5582011Revenue 2012: $451,379Expenses 2012: $497,296Net Income 2012: -$45,9172012Expenses 2013: $554,1152013Revenue 2014: $505,523Expenses 2014: $527,815Net Income 2014: -$22,2922014Revenue 2015: $415,404Expenses 2015: $454,452Net Income 2015: -$39,0482015Revenue 2016: $380,029Expenses 2016: $457,555Net Income 2016: -$77,5262016Revenue 2017: $403,348Expenses 2017: $448,337Net Income 2017: -$44,9892017Revenue 2018: $408,200Expenses 2018: $489,179Net Income 2018: -$80,9792018Revenue 2019: $315,474Expenses 2019: $386,255Net Income 2019: -$70,7812019Revenue 2020: $352,604Expenses 2020: $339,232Net Income 2020: $13,3722020Revenue 2021: $608,057Expenses 2021: $248,320Net Income 2021: $359,7372021Revenue 2022: $241,455Expenses 2022: $265,635Net Income 2022: -$24,1802022Revenue 2023: $260,786Expenses 2023: $279,378Net Income 2023: -$18,5922023Revenue 2024: $176,319Expenses 2024: $199,360Net Income 2024: -$23,0412024Revenue 2025: $200,728Expenses 2025: $190,289Net Income 2025: $10,4392025

Highlighted filing

2021

Revenue$608,057
Expenses$248,320
Net Income$359,737
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Apr 13, 2022
Return Version
2020v4.0
Gross Receipts
$747,974
Mission and Program Overview

Mission

To supply safe, disciplined school with emphasis on christian morals and beliefs.

Elementary and secondary education faciltiy (grades k-12)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,069$38,524▲ $36,455
Accounts Receivable$18,163$20,603▲ $2,440
Savings and Temporary Cash Investments$20,491--
Land, Buildings, and Equipment, Net$148,590$1,048▼ $147,542
Total Assets$189,313$60,175▼ $129,138
Liabilities
Unsecured Notes Loans Payable$483,209--
Accounts Payable and Accrued Expenses$46,955$41,289▼ $5,666
Total Liabilities$530,164$41,289▼ $488,875
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-340,851$18,886▲ $359,737
Total Net Assets Fund Balance$-340,851$18,886▲ $359,737
Total Liabilities and Net Assets / Fund Balance$189,313$60,175▼ $129,138

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,048$164,090$165,138
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Rebecca WatfordChairman
Earl HughesMember
Jonathan GoodeMember
Paul ThurberMember
Shannon ZumwaltMember
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$297,951
Investment Income
$310,106
Other Revenue
$0
Change in Net Assets
$359,737
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$195,656
Other Expenses$52,664
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$156,295$27,582-$183,877
Payroll Taxes$10,012$1,767-$11,779
Depreciation Depletion$9,200--$9,200
Interest-$8,288-$8,288
Other Expenses$2,237$2,822-$2,237
All Other Expenses$2,161--$2,161
Fees for Services Accounting$1,542--$1,542
Total Functional Expenses$207,861$40,459$0$248,320
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
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
No
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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Marion Academy Inc
EIN
63-0958471
Phone
0033468382
Address
505 WASHINGTON STREET, MARION, AL 36756

Signing Officer

Name
Rebecca Watford
Title
Chairman
Phone
0033468382
Signed
2022-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rebecca Watford
Formed
1988
Legal Domicile
Al
Voting Board Members
5
Independent Board Members
5
Employees
29

Preparer

Firm
Branum & Co Pc
Address
PO BOX 522, GREENVILLE, AL 36037-0096
Preparer
Glenn E Branum
Phone
3343829620
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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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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0680564680
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRANUM & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 522
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0360370096
ReturnHeader/PreparerPersonGrp/PhoneNum03343829620
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GLENN E BRANUM
ReturnHeader/ReturnTs02022-04-14T08:19:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0REBECCA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WATFORD
ReturnHeader/TaxPeriodBeginDt02020-06-01
ReturnHeader/TaxPeriodEndDt02021-05-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$60,175
Liabilities
$41,289
Net assets
$18,886
Revenue
$608,057
Expenses
$248,320
Net income
$359,737
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.98$0.43$2.01$1.90$0.10
2024Detailed filing. Detailed filing data is available for this year.$0.53$1.00$0.47$1.76$1.99$0.23
2023Detailed filing. Detailed filing data is available for this year.$0.75$0.98$0.24$2.61$2.79$0.19
2022Detailed filing. Detailed filing data is available for this year.$0.38$0.43$0.05$2.41$2.66$0.24
2021Detailed filing. Detailed filing data is available for this year.$0.60$0.41$0.19$6.08$2.48$3.60
2020Detailed filing. Detailed filing data is available for this year.$1.89$5.30$3.41$3.53$3.39$0.13
2019Detailed filing. Detailed filing data is available for this year.$1.93$5.48$3.54$3.15$3.86$0.71
2018Detailed filing. Detailed filing data is available for this year.$2.47$5.31$2.83$4.08$4.89$0.81
2017Detailed filing. Detailed filing data is available for this year.$3.06$5.08$2.02$4.03$4.48$0.45
2016Detailed filing. Detailed filing data is available for this year.$3.28$4.86$1.57$3.80$4.58$0.78
2015Detailed filing. Detailed filing data is available for this year.$3.34$4.14$0.80$4.15$4.54$0.39
2014Detailed filing. Detailed filing data is available for this year.$3.71$4.12$0.41$5.06$5.28$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.16$4.34$0.19$5.54
2012Summary only. Only limited summary data is available for this year.$3.33$3.70$0.37$4.51$4.97$0.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.34$3.25$0.09$4.55