Civic Intelligence

Canton Academic Foundation Inc

EIN 64-0435452 • 501(c)3 • Canton, MS

Profile

To educate students with varied learning experiences so that they may grow intellectually socially, morally, and physically.

PO Box 116Canton, MS 39046

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.62x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

0.88x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

33rd percentile

-1.5%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

92nd percentile

58%

Faster asset growth than 92% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

47th percentile

5.8%

Faster revenue growth than 47% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$5,113,925

Up $1,885,724 (+58%) from 2023

Liabilities

Up

$3,149,578

Up $1,940,218 (+160%) from 2023

Net Assets

Down

$1,964,347

Down $54,494 (-2.7%) from 2023

Operations
Liabilities / Revenue83rd percentileNet Margin33rd percentile

Revenue

Up

$3,589,489

Up $196,531 (+5.8%) from 2023

Expenses

Up

$3,643,983

Up $730,115 (+25%) from 2023

Net Income

Down

-$54,494

Down $533,584 (-111%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth92nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $2,024,283Liabilities 2010: $1,628,837Net Assets 2010: $395,4462010Assets 2011: $1,795,301Liabilities 2011: $1,662,560Net Assets 2011: $132,7412011Assets 2012: $2,010,021Liabilities 2012: $1,610,282Net Assets 2012: $399,7392012Assets 2013: $2,187,018Liabilities 2013: $1,491,951Net Assets 2013: $695,0672013Assets 2014: $2,181,142Liabilities 2014: $1,471,463Net Assets 2014: $709,6792014Assets 2015: $2,306,487Liabilities 2015: $1,713,068Net Assets 2015: $593,4192015Assets 2016: $4,184,010Liabilities 2016: $3,184,920Net Assets 2016: $999,0902016Assets 2017: $2,065,585Liabilities 2017: $1,448,585Net Assets 2017: $617,0002017Assets 2018: $1,816,455Liabilities 2018: $1,044,769Net Assets 2018: $771,6862018Assets 2019: $1,893,072Liabilities 2019: $1,284,232Net Assets 2019: $608,8402019Assets 2020: $2,220,489Liabilities 2020: $1,561,742Net Assets 2020: $658,7472020Assets 2021: $2,175,148Liabilities 2021: $1,311,439Net Assets 2021: $863,7092021Assets 2022: $1,996,191Liabilities 2022: $1,306,141Net Assets 2022: $690,0502022Assets 2023: $3,228,201Liabilities 2023: $1,209,360Net Assets 2023: $2,018,8412023Assets 2024: $5,113,925Liabilities 2024: $3,149,578Net Assets 2024: $1,964,3472024

Highlighted filing

2024

Assets$5,113,925
Liabilities$3,149,578
Net Assets$1,964,347
Open 2024 Filing

Operations Trend

Revenue Growth47th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $2,280,8802010Expenses 2011: $2,337,1562011Revenue 2012: $2,689,967Expenses 2012: $2,422,965Net Income 2012: $267,0022012Revenue 2013: $2,805,668Expenses 2013: $2,537,822Net Income 2013: $267,8462013Revenue 2014: $2,187,494Expenses 2014: $2,290,603Net Income 2014: -$103,1092014Revenue 2015: $2,159,354Expenses 2015: $2,279,943Net Income 2015: -$120,5892015Revenue 2016: $2,752,608Expenses 2016: $2,348,406Net Income 2016: $404,2022016Revenue 2017: $2,388,193Expenses 2017: $2,770,086Net Income 2017: -$381,8932017Revenue 2018: $3,027,751Expenses 2018: $2,726,287Net Income 2018: $301,4642018Revenue 2019: $2,505,527Expenses 2019: $2,668,373Net Income 2019: -$162,8462019Revenue 2020: $2,634,253Expenses 2020: $2,584,346Net Income 2020: $49,9072020Revenue 2021: $2,855,790Expenses 2021: $2,650,828Net Income 2021: $204,9622021Revenue 2022: $2,619,516Expenses 2022: $2,793,175Net Income 2022: -$173,6592022Revenue 2023: $3,392,958Expenses 2023: $2,913,868Net Income 2023: $479,0902023Revenue 2024: $3,589,489Expenses 2024: $3,643,983Net Income 2024: -$54,4942024

Highlighted filing

2024

Revenue$3,589,489
Expenses$3,643,983
Net Income-$54,494
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,113,925
Liabilities
$3,149,578
Net assets
$1,964,347
Revenue
$3,589,489
Expenses
$3,643,983
Net income
-$54,494
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.11$3.15$1.96$3.59$3.64$0.05
2023Detailed filing. Detailed filing data is available for this year.$3.23$1.21$2.02$3.39$2.91$0.48
2022Detailed filing. Detailed filing data is available for this year.$2.00$1.31$0.69$2.62$2.79$0.17
2021Detailed filing. Detailed filing data is available for this year.$2.18$1.31$0.86$2.86$2.65$0.20
2020Detailed filing. Detailed filing data is available for this year.$2.22$1.56$0.66$2.63$2.58$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.89$1.28$0.61$2.51$2.67$0.16
2018Detailed filing. Detailed filing data is available for this year.$1.82$1.04$0.77$3.03$2.73$0.30
2017Detailed filing. Detailed filing data is available for this year.$2.07$1.45$0.62$2.39$2.77$0.38
2016Summary only. Only limited summary data is available for this year.$4.18$3.18$1.00$2.75$2.35$0.40
2015Summary only. Only limited summary data is available for this year.$2.31$1.71$0.59$2.16$2.28$0.12
2014Summary only. Only limited summary data is available for this year.$2.18$1.47$0.71$2.19$2.29$0.10
2013Summary only. Only limited summary data is available for this year.$2.19$1.49$0.70$2.81$2.54$0.27
2012Summary only. Only limited summary data is available for this year.$2.01$1.61$0.40$2.69$2.42$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$1.66$0.13$2.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$1.63$0.40$2.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jun 9, 2025
Return Version
2023v6.0
Gross Receipts
$3,589,489
Mission and Program Overview

Mission

To educate students with varied learning experiences so that they may grow intellectually socially, morally, and physically.

To educate students with varied learning experiences so that they may grow intellectually, socially, morally, and physically.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$9,385$1,994,402▲ $1,985,017
Rtn Earn Endowment Incm Other Fnds$1,908,525$1,854,031▼ $54,494
Cash and Non-Interest-Bearing Accounts$1,067,463$1,600,416▲ $532,953
Land, Buildings, and Equipment, Net$1,301,278$1,225,152▼ $76,126
Pd in Cap Srpls Land Bldg Eqp Fund$110,316$110,316→ $0
Intangible Assets$374--
Total Assets$3,228,201$5,113,925▲ $1,885,724
Other Assets Total$849,701$293,955▼ $555,746
Liabilities
Deferred Revenue$531,363$2,509,499▲ $1,978,136
Mortgage Notes Payable Secured by Investment Property$493,855$432,808▼ $61,047
Other Liabilities$191,694$170,395▼ $21,299
Accounts Payable and Accrued Expenses$-7,552$36,876▲ $44,428
Total Liabilities$1,209,360$3,149,578▲ $1,940,218
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,018,841$1,964,347▼ $54,494
Total Liabilities and Net Assets / Fund Balance$3,228,201$5,113,925▲ $1,885,724

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$895,652$2,087,889$2,983,541
Land$329,500-$329,500
Other Assets Org$293,955--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Daniel S SpiveyPresident
James Ryan LasterHead of Scho
Kasey RatherSecretary
Libby BradberryTreasurer
Leigh PaceVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$70,457
Program Service Revenue
$3,519,032
Investment Income
$0
Other Revenue
$0
All Other Contributions
$70,457
Change in Net Assets
$-54,494
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,964,021
Other Expenses$1,679,962
Total Fundraising Expense$337,299
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,822,593--$1,822,593
Occupancy$248,798--$248,798
Other Expenses$164,369$251,824$249,083$164,369
Payroll Taxes$141,428--$141,428
Depreciation Depletion$117,257--$117,257
All Other Expenses--$88,216$88,216
Insurance$43,103--$43,103
Total Functional Expenses$3,054,860$251,824$337,299$3,643,983
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
Trustmark Track Project Loan$158,178
N/p Ford Credit 2018 Van$6,611
Panther Partner Scholoarship$5,000
Hunter Penn Memorial$900
American Funds Retirement$200
Garnishment Payable$165
Insurance Payable$-659
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 6

“All stockholders have voting rights. Stock is limited to one share per shareholder.”

Form 990, Page 6, Part VI, Line 7A

“Election is annual for a 3-year term.”

Form 990, Page 6, Part VI, Line 11B

“The 990 is reviewed by headmaster and board of directors.”

Form 990, Page 6, Part VI, Line 12C

“The board has a conflict of interest policy and is reviewed annualy.”

Form 990, Page 6, Part VI, Line 15A

“Compensation of headmaster is determined by the board.”

Form 990, Page 6, Part VI, Line 15B

“DETERMINED BY THE BOARD.”

Form 990, Page 6, Part VI, Line 19

“Website and ms sec. Of state.”

Filing and Contact Details

Filer

Filer Name
Canton Academic Foundation Inc
EIN
64-0435452
Phone
6018595231
Address
PO BOX 116, CANTON, MS 39046

Signing Officer

Name
James Ryan Laster
Title
Head of Schools
Phone
6018595231
Signed
2025-06-09

Organization Details

Principal Officer
Daniel S Spivey
Formed
1965
Voting Board Members
12
Independent Board Members
12
Employees
105

Preparer

Firm
Lightheart Sanders
Address
PO BOX 2385, MADISON, MS 39130-2385
Preparer
Kevin Lightheart
Phone
6018982727
Raw XML Appendix353 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/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01854031
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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0329500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0329500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0293955
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ERTC RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0895652
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02087889
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02983541
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0158178
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16611
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5165
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt6-659
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TRUSTMARK TRACK PROJECT LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1N/P FORD CREDIT 2018 VAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PANTHER PARTNER SCHOLOARSHIP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3HUNTER PENN MEMORIAL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4AMERICAN FUNDS RETIREMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5GARNISHMENT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6INSURANCE PAYABLE
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0293955
IRS990ScheduleD/TotalLiabilityAmt0170395
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL STOCKHOLDERS HAVE VOTING RIGHTS. STOCK IS LIMITED TO ONE SHARE PER SHAREHOLDER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ELECTION IS ANNUAL FOR A 3-YEAR TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS REVIEWED BY HEADMASTER AND BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD HAS A CONFLICT OF INTEREST POLICY AND IS REVIEWED ANNUALY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION OF HEADMASTER IS DETERMINED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DETERMINED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WEBSITE AND MS SEC. OF STATE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt03228201
IRS990/TotalAssetsGrp/EOYAmt05113925
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0337299
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0251824
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03054860
IRS990/TotalFunctionalExpensesGrp/TotalAmt03643983
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt03149578
IRS990/TotalLiabilitiesGrp/BOYAmt01209360
IRS990/TotalLiabilitiesGrp/EOYAmt03149578
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02018841
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01964347
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt061124
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt061124
IRS990/TotalProgramServiceExpensesAmt03054860
IRS990/TotalProgramServiceRevenueAmt03519032
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03519032
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03589489
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03228201
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05113925
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01427 SUNSET DRIVE
IRS990/USAddress/CityNm0CANTON
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039046
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0HTTPS://CANTONACADEMY.ORG/
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES RYAN LASTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOLS
ReturnHeader/BusinessOfficerGrp/PhoneNum06018595231
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CANTON ACADEMIC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CANT
ReturnHeader/Filer/EIN0640435452
ReturnHeader/Filer/PhoneNum06018595231
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 116
ReturnHeader/Filer/USAddress/CityNm0CANTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039046
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640889251
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LIGHTHEART SANDERS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2385
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0391302385
ReturnHeader/PreparerPersonGrp/PhoneNum06018982727
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN LIGHTHEART
ReturnHeader/ReturnTs02025-06-23T14:23:03-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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