Civic Intelligence

East Walker Education and Development Inc.

990 • Fiscal year 2023 • EIN 63-1221472

Jul 01, 2022 to Jun 30, 2023 • Filed on Oct 17, 2023

155 Hosanna Drive PO Box 40Sumiton, AL 35148

(205) 648-6643

Siviq Scores

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

Liabilities / Assets

81st percentile

0.55x

Higher debt load relative to assets than 81% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

88th percentile

1.49x

Higher debt load relative to revenue than 88% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

38th percentile

-0.1%

Higher net margin than 38% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

14th percentile

-6.3%

Faster asset growth than 14% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

62nd percentile

14%

Faster revenue growth than 62% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Down

$6,395,986

Down $431,055 (-6.3%) from 2022

Net Assets

Down

$2,905,717

Down $3,153 (-0.1%) from 2022

Liabilities

Down

$3,490,269

Down $427,902 (-11%) from 2022

Revenue

Up

$2,337,299

Up $279,585 (+14%) from 2022

Expenses

Up

$2,339,652

Up $200,446 (+9.4%) from 2022

Net Income

Up

-$2,353

Up $79,139 (+97%) from 2022

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2012: $8,889,212Liabilities 2012: $5,777,185Net Assets 2012: $3,112,0272012Assets 2013: $8,614,349Liabilities 2013: $5,678,468Net Assets 2013: $2,935,8812013Assets 2014: $8,392,153Liabilities 2014: $5,472,842Net Assets 2014: $2,919,3112014Assets 2015: $8,089,117Liabilities 2015: $5,258,368Net Assets 2015: $2,830,7492015Assets 2016: $7,862,928Liabilities 2016: $5,095,899Net Assets 2016: $2,767,0292016Assets 2017: $7,665,522Liabilities 2017: $4,852,755Net Assets 2017: $2,812,7672017Assets 2018: $7,491,402Liabilities 2018: $4,670,231Net Assets 2018: $2,821,1712018Assets 2019: $7,276,762Liabilities 2019: $4,443,915Net Assets 2019: $2,832,8472019Assets 2020: $7,218,116Liabilities 2020: $4,399,237Net Assets 2020: $2,818,8792020Assets 2021: $7,150,545Liabilities 2021: $4,160,183Net Assets 2021: $2,990,3622021Assets 2022: $6,827,041Liabilities 2022: $3,918,171Net Assets 2022: $2,908,8702022Assets 2023: $6,395,986Liabilities 2023: $3,490,269Net Assets 2023: $2,905,7172023Assets 2024: $6,271,040Liabilities 2024: $3,244,425Net Assets 2024: $3,026,6152024Assets 2025: $6,053,997Liabilities 2025: $2,985,789Net Assets 2025: $3,068,2082025

Highlighted filing

2023

Assets$6,395,986
Liabilities$3,490,269
Net Assets$2,905,717

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $2,370,410Expenses 2012: $2,201,022Net Income 2012: $169,3882012Revenue 2013: $2,277,176Expenses 2013: $2,453,322Net Income 2013: -$176,1462013Revenue 2014: $2,268,829Expenses 2014: $2,285,399Net Income 2014: -$16,5702014Revenue 2015: $2,307,898Expenses 2015: $2,396,468Net Income 2015: -$88,5702015Revenue 2016: $2,192,900Expenses 2016: $2,256,620Net Income 2016: -$63,7202016Revenue 2017: $2,281,359Expenses 2017: $2,235,621Net Income 2017: $45,7382017Revenue 2018: $2,155,312Expenses 2018: $2,146,908Net Income 2018: $8,4042018Revenue 2019: $2,098,631Expenses 2019: $2,086,955Net Income 2019: $11,6762019Revenue 2020: $2,012,160Expenses 2020: $2,026,128Net Income 2020: -$13,9682020Revenue 2021: $2,267,806Expenses 2021: $2,096,323Net Income 2021: $171,4832021Revenue 2022: $2,057,714Expenses 2022: $2,139,206Net Income 2022: -$81,4922022Revenue 2023: $2,337,299Expenses 2023: $2,339,652Net Income 2023: -$2,3532023Revenue 2024: $2,300,299Expenses 2024: $2,179,400Net Income 2024: $120,8992024Revenue 2025: $2,200,358Expenses 2025: $2,158,864Net Income 2025: $41,4942025

Highlighted filing

2023

Revenue$2,337,299
Expenses$2,339,652
Net Income-$2,353
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 17, 2023
Return Version
2022v5.0
Gross Receipts
$2,337,299
Mission and Program Overview

Mission

The mission of sumiton christian school is to provide a quality christian education taught by qualified and caring professionals with the goals of developing the whole child spiritually, academically, socially, and physically, and instilling in all our students obedience to god's word, respect for those in authority, and a high level of patriotism.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,167,265$5,931,436▼ $235,829
Cash and Non-Interest-Bearing Accounts$358,842$201,410▼ $157,432
Inventories for Sale or Use$95,190$79,190▼ $16,000
Accounts Receivable$42,407$29,242▼ $13,165
Total Assets$6,827,041$6,395,986▼ $431,055
Other Assets Total$163,337$154,708▼ $8,629
Liabilities
Unsecured Notes Loans Payable$3,890,211$3,459,321▼ $430,890
Accounts Payable and Accrued Expenses$7,155$19,935▲ $12,780
Other Liabilities$12,440--
Deferred Revenue$8,365$11,013▲ $2,648
Total Liabilities$3,918,171$3,490,269▼ $427,902
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,812,173$2,837,675▲ $25,502
Net Assets With Donor Restrictions$96,697$68,042▼ $28,655
Total Net Assets Fund Balance$2,908,870$2,905,717▼ $3,153
Total Liabilities and Net Assets / Fund Balance$6,827,041$6,395,986▼ $431,055

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,305,814$4,869,833-
Other Land Buildings$26,641--
Land$1,574,331--
Equipment$24,650$521,640-
Other Assets Org$154,708--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$320,605
Program Service Revenue
$1,764,546
Investment Income
$0
Other Revenue
$252,148
Change in Net Assets
$-2,353
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,297,091
Salaries, Compensation, and Employee Benefits$1,042,561
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$869,028$96,559-$965,587
Depreciation Depletion$241,754$12,724-$254,478
All Other Expenses$215,262$15,981-$231,243
Office Expenses$123,586$6,504-$130,090
Other Expenses$109,762$5,733-$115,495
Interest$102,129$5,375-$107,504
Payroll Taxes$65,676$7,297-$72,973
Insurance$37,008$4,112-$41,120
Occupancy$20,729$1,091-$21,820
Travel$16,598$578-$17,176
Other Employee Benefits$3,801$200-$4,001
Fees for Services Accounting-$3,100-$3,100
Total Functional Expenses$2,165,056$174,596$0$2,339,652
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities-
Employee Benefits Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
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 governing body review Part VI line 11

No review was or will be conducted.

Form 990 availability to public Part VI line 18

No documents available to the public.

Governing documents etc available to public Part VI line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
East Walker Education & Development
EIN
63-1221472
Address
155 HOSANNA DRIVE PO BOX 40, Sumiton, AL 35148

Signing Officer

Name
Maegan Sosebee
Title
Bookkeeper
Phone
2056486643
Signed
2023-10-17
Discuss with paid preparer
Yes

Organization Details

Formed
1976
Legal Domicile
Al
Voting Board Members
8
Independent Board Members
8
Employees
74

Preparer

Firm
Kellum Wilson & Associates Pc
Address
600 OAK HILL ROAD, JASPER, AL 35504
Preparer
Charles R Wilson
Phone
2052212935
Supplemental Narrative

Additional Explanations

Part III response or note to any other line in Part III

Organizations mission - the mission of sumiton christian school is to provide a quality christian education taught by qualified and caring professionals with the goals of developing the whole child spiritually, academically, socially, and physically, and instilling within our students obedience to gods word, respect for those in authority, and a high level of patriotism.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATIONS MISSION - THE MISSION OF SUMITON CHRISTIAN SCHOOL IS TO PROVIDE A QUALITY CHRISTIAN EDUCATION TAUGHT BY QUALIFIED AND CARING PROFESSIONALS WITH THE GOALS OF DEVELOPING THE WHOLE CHILD SPIRITUALLY, ACADEMICALLY, SOCIALLY, AND PHYSICALLY, AND INSTILLING WITHIN OUR STUDENTS OBEDIENCE TO GODS WORD, RESPECT FOR THOSE IN AUTHORITY, AND A HIGH LEVEL OF PATRIOTISM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part III response or note to any other line in Part III
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IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0WWW.SUMITONCHRISTIANSCHOOL.ORG
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MAEGAN SOSEBEE
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EAST WALKER EDUCATION & DEVELOPMENT
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ReturnHeader/Filer/EIN0631221472
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.05$2.99$3.07$2.20$2.16$0.04
2024Detailed filing. Detailed filing data is available for this year.$6.27$3.24$3.03$2.30$2.18$0.12
2023Detailed filing. Detailed filing data is available for this year.$6.40$3.49$2.91$2.34$2.34$0.00
2022Detailed filing. Detailed filing data is available for this year.$6.83$3.92$2.91$2.06$2.14$0.08
2021Detailed filing. Detailed filing data is available for this year.$7.15$4.16$2.99$2.27$2.10$0.17
2020Detailed filing. Detailed filing data is available for this year.$7.22$4.40$2.82$2.01$2.03$0.01
2019Detailed filing. Detailed filing data is available for this year.$7.28$4.44$2.83$2.10$2.09$0.01
2018Detailed filing. Detailed filing data is available for this year.$7.49$4.67$2.82$2.16$2.15$0.01
2017Detailed filing. Detailed filing data is available for this year.$7.67$4.85$2.81$2.28$2.24$0.05
2016Summary only. Only limited summary data is available for this year.$7.86$5.10$2.77$2.19$2.26$0.06
2015Summary only. Only limited summary data is available for this year.$8.09$5.26$2.83$2.31$2.40$0.09
2014Summary only. Only limited summary data is available for this year.$8.39$5.47$2.92$2.27$2.29$0.02
2013Summary only. Only limited summary data is available for this year.$8.61$5.68$2.94$2.28$2.45$0.18
2012Summary only. Only limited summary data is available for this year.$8.89$5.78$3.11$2.37$2.20$0.17