Civic Intelligence

Grenada Educational Foundation Inc.

990 • Fiscal year 2024 • EIN 64-0470451

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 10, 2025

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

87th percentile

0.60x

Higher debt load relative to assets than 87% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.43x

Higher debt load relative to revenue than 79% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

29th percentile

-4.7%

Higher net margin than 29% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

6th percentile

-24%

Faster asset growth than 6% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

35th percentile

0.3%

Faster revenue growth than 35% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$1,567,229

Down $501,317 (-24%) from 2023

Net Assets

Down

$627,413

Down $368,527 (-37%) from 2023

Liabilities

Down

$939,816

Down $132,790 (-12%) from 2023

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin29th percentile

Revenue

Up

$2,161,578

Up $5,947 (+0.3%) from 2023

Expenses

Up

$2,264,148

Up $149,213 (+7.1%) from 2023

Net Income

Down

-$102,570

Down $143,266 (-352%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth6th 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

2024

Assets$1,567,229
Liabilities$939,816
Net Assets$627,413
Open 2024 Filing

Operations Trend

Revenue Growth35th 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

2024

Revenue$2,161,578
Expenses$2,264,148
Net Income-$102,570
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 10, 2025
Return Version
2023v6.0
Gross Receipts
$2,161,578
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$1,424,911$1,367,946▼ $56,965
Pd in Cap Srpls Land Bldg Eqp Fund$1,086,295$1,086,295→ $0
Cash and Non-Interest-Bearing Accounts$481,882$178,063▼ $303,819
Accounts Receivable-$18,501-
Investments in Publicly Traded Securities$4,242$2,719▼ $1,523
Rtn Earn Endowment Incm Other Fnds$-90,355$-458,882▼ $368,527
Total Assets$2,068,546$1,567,229▼ $501,317
Other Assets Total$157,511--
Liabilities
Mortgage Notes Payable Secured by Investment Property$704,501$491,412▼ $213,089
Other Liabilities$368,105$447,872▲ $79,767
Accounts Payable and Accrued Expenses-$532-
Total Liabilities$1,072,606$939,816▼ $132,790
Net Assets / Fund Balance
Total Net Assets Fund Balance$995,940$627,413▼ $368,527
Total Liabilities and Net Assets / Fund Balance$2,068,546$1,567,229▼ $501,317

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$682,958$1,879,518$2,562,476
Equipment$617,488-$617,488
Land$67,500-$67,500
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Josh MattoxPresident
Slade RedwineSecretary
Phil BrownTreasurer
Chuck RoseVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,161,578
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-102,570
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,610,876
Other Expenses$653,272
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,267,843$156,324-$1,424,167
Occupancy$215,215--$215,215
Payroll Taxes$110,589--$110,589
All Other Expenses$62,874$41,485-$104,359
Depreciation Depletion$90,052--$90,052
Other Employee Benefits$64,161$11,959-$76,120
Insurance-$47,442-$47,442
Interest-$27,383-$27,383
Other Expenses$21,784$20,430-$20,430
Office Expenses$16,622$1,348-$17,970
Travel$16,107$89-$16,196
Fees for Services Accounting-$5,801-$5,801
Advertising$2,189--$2,189
Conferences and Meetings$-3,080--$-3,080
Total Functional Expenses$1,864,356$399,792$0$2,264,148
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$419,635
Other Liab$28,237
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
Robert a Shillito
Title
Headmaster
Signed
2025-03-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert a Shillito
Formed
1966
Legal Domicile
Ms
Voting Board Members
10
Independent Board Members
10
Employees
62

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”

Form 990, Part XI, Line 9

“Adjustment due to audit -265,957 adjustments made due to audit.”

Raw XML Appendix341 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/GrantsToIndividualsInd0false
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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/ExplanationTxt3ADJUSTMENT DUE TO AUDIT -265,957 ADJUSTMENTS MADE DUE TO AUDIT.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02068546
IRS990/TotalAssetsEOYAmt01567229
IRS990/TotalAssetsGrp/BOYAmt02068546
IRS990/TotalAssetsGrp/EOYAmt01567229
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt062
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0399792
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01864356
IRS990/TotalFunctionalExpensesGrp/TotalAmt02264148
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01072606
IRS990/TotalLiabilitiesEOYAmt0939816
IRS990/TotalLiabilitiesGrp/BOYAmt01072606
IRS990/TotalLiabilitiesGrp/EOYAmt0939816
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0995940
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0627413
IRS990/TotalOtherProgSrvcExpenseAmt090052
IRS990/TotalProgramServiceExpensesAmt01864356
IRS990/TotalProgramServiceRevenueAmt02161578
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02161578
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02161578
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02068546
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01567229
IRS990/TravelGrp/ManagementAndGeneralAmt089
IRS990/TravelGrp/ProgramServicesAmt016107
IRS990/TravelGrp/TotalAmt016196
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0986 W MONROE ST
IRS990/USAddress/CityNm0GRENADA
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038901
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0KIRKACADEMY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT A SHILLITO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEADMASTER
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-10
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/PreparationDt02025-03-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANITA WALTON
ReturnHeader/ReturnTs02025-04-23T11:57:50-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,567,229
Liabilities
$939,816
Net assets
$627,413
Revenue
$2,161,578
Expenses
$2,264,148
Net income
-$102,570
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