Civic Intelligence

Grenada Educational Foundation Inc.

990 • Fiscal year 2023 • EIN 64-0470451

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 01, 2023

Organization ProfileKIRKACADEMY.COM

View Organization Page

P O Box 1008Grenada, MS 38902

(662) 226-2791

Siviq Scores

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

Liabilities / Assets

84th percentile

0.52x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

80th percentile

0.50x

Higher debt load relative to revenue than 80% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

45th percentile

1.9%

Higher net margin than 45% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

59th percentile

8.0%

Faster asset growth than 59% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

23rd percentile

-12%

Faster revenue growth than 23% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$2,068,546

Up $154,034 (+8.0%) from 2022

Net Assets

Up

$995,940

Up $40,696 (+4.3%) from 2022

Liabilities

Up

$1,072,606

Up $113,338 (+12%) from 2022

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin45th percentile

Revenue

Down

$2,155,631

Down $294,777 (-12%) from 2022

Expenses

Down

$2,114,935

Down $14,050 (-0.7%) from 2022

Net Income

Down

$40,696

Down $280,727 (-87%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $810,605Liabilities 2011: $417,128Net Assets 2011: $393,4772011Assets 2012: $863,911Liabilities 2012: $490,064Net Assets 2012: $373,8472012Assets 2013: $868,207Liabilities 2013: $479,022Net Assets 2013: $389,1852013Assets 2014: $860,410Liabilities 2014: $502,376Net Assets 2014: $358,0342014Assets 2015: $841,809Liabilities 2015: $506,429Net Assets 2015: $335,3802015Assets 2016: $1,180,824Liabilities 2016: $724,895Net Assets 2016: $455,9292016Assets 2017: $1,775,066Liabilities 2017: $1,302,368Net Assets 2017: $472,6982017Assets 2018: $1,809,224Liabilities 2018: $1,206,670Net Assets 2018: $602,5542018Assets 2019: $1,804,893Liabilities 2019: $1,273,167Net Assets 2019: $531,7262019Assets 2020: $2,124,072Liabilities 2020: $1,672,892Net Assets 2020: $451,1802020Assets 2021: $2,011,752Liabilities 2021: $1,377,931Net Assets 2021: $633,8212021Assets 2022: $1,914,512Liabilities 2022: $959,268Net Assets 2022: $955,2442022Assets 2023: $2,068,546Liabilities 2023: $1,072,606Net Assets 2023: $995,9402023Assets 2024: $1,567,229Liabilities 2024: $939,816Net Assets 2024: $627,4132024Assets 2025: $1,477,800Liabilities 2025: $837,750Net Assets 2025: $640,0502025

Highlighted filing

2023

Assets$2,068,546
Liabilities$1,072,606
Net Assets$995,940
Open 2023 Filing

Operations Trend

Revenue Growth23rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,480,054Expenses 2011: $1,590,234Net Income 2011: -$110,1802011Revenue 2012: $1,508,293Expenses 2012: $1,527,923Net Income 2012: -$19,6302012Revenue 2013: $1,585,654Expenses 2013: $1,570,316Net Income 2013: $15,3382013Revenue 2014: $1,805,606Expenses 2014: $1,836,757Net Income 2014: -$31,1512014Revenue 2015: $1,879,678Expenses 2015: $1,902,332Net Income 2015: -$22,6542015Revenue 2016: $2,099,519Expenses 2016: $2,061,387Net Income 2016: $38,1322016Revenue 2017: $2,138,715Expenses 2017: $2,121,946Net Income 2017: $16,7692017Revenue 2018: $2,097,078Expenses 2018: $2,156,834Net Income 2018: -$59,7562018Revenue 2019: $2,135,399Expenses 2019: $2,186,576Net Income 2019: -$51,1772019Revenue 2020: $2,166,665Expenses 2020: $2,247,211Net Income 2020: -$80,5462020Revenue 2021: $2,410,608Expenses 2021: $2,227,967Net Income 2021: $182,6412021Revenue 2022: $2,450,408Expenses 2022: $2,128,985Net Income 2022: $321,4232022Revenue 2023: $2,155,631Expenses 2023: $2,114,935Net Income 2023: $40,6962023Revenue 2024: $2,161,578Expenses 2024: $2,264,148Net Income 2024: -$102,5702024Revenue 2025: $2,706,756Expenses 2025: $2,694,119Net Income 2025: $12,6372025

Highlighted filing

2023

Revenue$2,155,631
Expenses$2,114,935
Net Income$40,696
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 1, 2023
Return Version
2022v5.0
Gross Receipts
$2,155,631
Mission and Program Overview

Mission

Provide for education for kindergarten through 12th grade

Provide education to kindergarten through 12th grade students on a nondiscrimanitory basis

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,475,966$1,424,911▼ $51,055
Pd in Cap Srpls Land Bldg Eqp Fund$1,086,295$1,086,295→ $0
Cash and Non-Interest-Bearing Accounts$282,665$481,882▲ $199,217
Investments in Publicly Traded Securities$4,242$4,242→ $0
Rtn Earn Endowment Incm Other Fnds$-131,051$-90,355▲ $40,696
Total Assets$1,914,512$2,068,546▲ $154,034
Other Assets Total$151,639$157,511▲ $5,872
Liabilities
Mortgage Notes Payable Secured by Investment Property$804,409$704,501▼ $99,908
Other Liabilities$150,607$368,105▲ $217,498
Accounts Payable and Accrued Expenses$4,252--
Total Liabilities$959,268$1,072,606▲ $113,338
Net Assets / Fund Balance
Total Net Assets Fund Balance$955,244$995,940▲ $40,696
Total Liabilities and Net Assets / Fund Balance$1,914,512$2,068,546▲ $154,034

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,317,572$1,229,905$2,547,477
Equipment$39,839$541,243$581,082
Land$67,500-$67,500
Other Assets Org$31,231--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Josh MattoxPresident
Mike CampbellSecretary
Chuck RoseTreasurer
Coley BaileyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,966,682
Investment Income
$0
Other Revenue
$188,949
Change in Net Assets
$40,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,499,735
Other Expenses$615,200
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,380,723--$1,380,723
Occupancy$158,837--$158,837
All Other Expenses$19,717$76,917-$96,634
Other Employee Benefits$65,066--$65,066
Depreciation Depletion$64,309--$64,309
Payroll Taxes$53,946--$53,946
Insurance-$43,308-$43,308
Interest-$31,748-$31,748
Other Expenses$26,495$86,145-$26,495
Travel$16,392$95-$16,487
Office Expenses$15,821$610-$16,431
Fees for Services Accounting-$4,618-$4,618
Conferences and Meetings$4,385--$4,385
Advertising$3,713--$3,713
Total Functional Expenses$1,871,494$243,441$0$2,114,935
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
Deferred Revenue$284,435
Other Designated$56,692
Other Liab$26,978
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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

“Records are given to the accounting firm who then prepares the return. The completed return is then given back to the school personnel to review and discuss wtih the appropriate individual before filing the return.”

Form 990, Page 6, Part VI, Line 19

“All documents are maintained at the office of the headmaster and are available for inspection by anyone who makes a request to see this information.”

Filing and Contact Details

Filer

Filer Name
Grenada Educational Foundation
EIN
64-0470451
Address
P O BOX 1008, GRENADA, MS 38902

Signing Officer

Name
Jay Watts
Title
Headmaster
Signed
2023-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jay Watts
Formed
1966
Legal Domicile
Ms
Voting Board Members
10
Independent Board Members
10
Employees
73

Preparer

Firm
King and Walton Pllc
Address
PO BOX 2018, GRENADA, MS 38902-2018
Preparer
Anita Walton
Phone
6622271811
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Provide for education for kindergarten through 12th grade”

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.

Path#Value
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDE FOR EDUCATION FOR KINDERGARTEN THROUGH 12TH GRADE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RECORDS ARE GIVEN TO THE ACCOUNTING FIRM WHO THEN PREPARES THE RETURN. THE COMPLETED RETURN IS THEN GIVEN BACK TO THE SCHOOL PERSONNEL TO REVIEW AND DISCUSS WTIH THE APPROPRIATE INDIVIDUAL BEFORE FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE MAINTAINED AT THE OFFICE OF THE HEADMASTER AND ARE AVAILABLE FOR INSPECTION BY ANYONE WHO MAKES A REQUEST TO SEE THIS INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01914512
IRS990/TotalAssetsEOYAmt02068546
IRS990/TotalAssetsGrp/BOYAmt01914512
IRS990/TotalAssetsGrp/EOYAmt02068546
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt073
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0243441
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01871494
IRS990/TotalFunctionalExpensesGrp/TotalAmt02114935
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0959268
IRS990/TotalLiabilitiesEOYAmt01072606
IRS990/TotalLiabilitiesGrp/BOYAmt0959268
IRS990/TotalLiabilitiesGrp/EOYAmt01072606
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0955244
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0995940
IRS990/TotalOtherProgSrvcExpenseAmt064309
IRS990/TotalProgramServiceExpensesAmt01871494
IRS990/TotalProgramServiceRevenueAmt01966682
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02155631
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02155631
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01914512
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02068546
IRS990/TravelGrp/ManagementAndGeneralAmt095
IRS990/TravelGrp/ProgramServicesAmt016392
IRS990/TravelGrp/TotalAmt016487
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 1008
IRS990/USAddress/CityNm0GRENADA
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038902
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0KIRKACADEMY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAY WATTS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEADMASTER
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRENADA EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0GREN
ReturnHeader/Filer/EIN0640470451
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 1008
ReturnHeader/Filer/USAddress/CityNm0GRENADA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd038902
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0920883084
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KING AND WALTON PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2018
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRENADA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0389022018
ReturnHeader/PreparerPersonGrp/PhoneNum06622271811
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANITA WALTON
ReturnHeader/ReturnTs02023-11-15T09:14:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WATTS
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,068,546
Liabilities
$1,072,606
Net assets
$995,940
Revenue
$2,155,631
Expenses
$2,114,935
Net income
$40,696
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.48$0.84$0.64$2.71$2.69$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.57$0.94$0.63$2.16$2.26$0.10
2023Detailed filing. Detailed filing data is available for this year.$2.07$1.07$1.00$2.16$2.11$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.91$0.96$0.96$2.45$2.13$0.32
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.01$1.38$0.63$2.41$2.23$0.18
2020Detailed filing. Detailed filing data is available for this year.$2.12$1.67$0.45$2.17$2.25$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.80$1.27$0.53$2.14$2.19$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.81$1.21$0.60$2.10$2.16$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.78$1.30$0.47$2.14$2.12$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.18$0.72$0.46$2.10$2.06$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.84$0.51$0.34$1.88$1.90$0.02
2014Summary only. Only limited summary data is available for this year.$0.86$0.50$0.36$1.81$1.84$0.03
2013Summary only. Only limited summary data is available for this year.$0.87$0.48$0.39$1.59$1.57$0.02
2012Summary only. Only limited summary data is available for this year.$0.86$0.49$0.37$1.51$1.53$0.02
2011Summary only. Only limited summary data is available for this year.$0.81$0.42$0.39$1.48$1.59$0.11