Civic Intelligence

Sylva-Bay Academy Inc.

990 • Fiscal year 2019 • EIN 64-0523715

Jul 01, 2018 to Jun 30, 2019 • Filed on May 11, 2020

Organization ProfileWWW.SYLVABAYACADEMY.COM
P O Drawer JBay Springs, MS 39422

(601) 764-2157

Siviq Scores

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

Liabilities / Assets

58th percentile

0.14x

Higher debt load relative to assets than 58% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

48th percentile

0.08x

Higher debt load relative to revenue than 48% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

56th percentile

5.3%

Higher net margin than 56% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

61st percentile

7.0%

Faster asset growth than 61% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

75th percentile

21%

Faster revenue growth than 75% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$891,900

Up $58,121 (+7.0%) from 2018

Net Assets

Up

$770,929

Up $101,980 (+15%) from 2018

Liabilities

Down

$120,971

Down $43,859 (-27%) from 2018

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin56th percentile

Revenue

Up

$1,575,931

Up $273,822 (+21%) from 2018

Expenses

Up

$1,492,438

Up $174,630 (+13%) from 2018

Net Income

Up

$83,493

Up $99,192 (+632%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $563,636Liabilities 2010: $150,331Net Assets 2010: $413,3052010Assets 2011: $624,800Liabilities 2011: $99,725Net Assets 2011: $525,0752011Assets 2012: $623,508Liabilities 2012: $101,376Net Assets 2012: $522,1322012Assets 2013: $624,478Liabilities 2013: $140,518Net Assets 2013: $483,9602013Assets 2014: $626,728Liabilities 2014: $175,160Net Assets 2014: $451,5682014Assets 2015: $663,360Liabilities 2015: $140,452Net Assets 2015: $522,9082015Assets 2016: $707,125Liabilities 2016: $148,045Net Assets 2016: $559,0802016Assets 2017: $811,391Liabilities 2017: $126,743Net Assets 2017: $684,6482017Assets 2018: $833,779Liabilities 2018: $164,830Net Assets 2018: $668,9492018Assets 2019: $891,900Liabilities 2019: $120,971Net Assets 2019: $770,9292019Assets 2020: $1,030,323Liabilities 2020: $246,744Net Assets 2020: $783,5792020Assets 2021: $997,237Liabilities 2021: $84,487Net Assets 2021: $912,7502021Assets 2022: $1,645,817Liabilities 2022: $182,679Net Assets 2022: $1,463,1382022Assets 2023: $1,584,815Liabilities 2023: $59,811Net Assets 2023: $1,525,0042023Assets 2024: $1,578,225Liabilities 2024: $100,118Net Assets 2024: $1,478,1072024

Highlighted filing

2019

Assets$891,900
Liabilities$120,971
Net Assets$770,929
Open 2019 Filing

Operations Trend

Revenue Growth75th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,015,2492010Expenses 2011: $1,068,1382011Expenses 2012: $1,024,2652012Revenue 2013: $1,042,091Expenses 2013: $1,080,263Net Income 2013: -$38,1722013Revenue 2014: $1,052,460Expenses 2014: $1,084,852Net Income 2014: -$32,3922014Revenue 2015: $1,332,070Expenses 2015: $1,260,730Net Income 2015: $71,3402015Revenue 2016: $1,284,528Expenses 2016: $1,248,356Net Income 2016: $36,1722016Revenue 2017: $1,387,483Expenses 2017: $1,261,915Net Income 2017: $125,5682017Revenue 2018: $1,302,109Expenses 2018: $1,317,808Net Income 2018: -$15,6992018Revenue 2019: $1,575,931Expenses 2019: $1,492,438Net Income 2019: $83,4932019Revenue 2020: $1,619,613Expenses 2020: $1,606,963Net Income 2020: $12,6502020Revenue 2021: $1,869,091Expenses 2021: $1,739,920Net Income 2021: $129,1712021Revenue 2022: $1,628,325Expenses 2022: $1,508,889Net Income 2022: $119,4362022Revenue 2023: $1,698,658Expenses 2023: $1,639,335Net Income 2023: $59,3232023Revenue 2024: $1,668,120Expenses 2024: $1,540,257Net Income 2024: $127,8632024

Highlighted filing

2019

Revenue$1,575,931
Expenses$1,492,438
Net Income$83,493
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 11, 2020
Return Version
2018v3.2
Gross Receipts
$1,575,931
Mission and Program Overview

Mission

Education (k-3 thru grade 12)

By utilizing an innovative curriculum, relevant technology, and creative methodology which are continually evaluated and modified to meet the needs of each student, sylva-bay academy will prepare students to become life- long learners, responsible citizens and productive members of society. The school, and related stakeholders will cultivate each student's potential with a well-qualified and caring staff, challenging curriculum, strenuous and competitive athletics, and extra-curricular activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$771,684$849,690▲ $78,006
Cash and Non-Interest-Bearing Accounts$38,941$27,770▼ $11,171
Savings and Temporary Cash Investments$19,252--
Accounts Receivable$3,309$14,440▲ $11,131
Prepaid Expenses and Deferred Charges$593--
Total Assets$833,779$891,900▲ $58,121
Liabilities
Accounts Payable and Accrued Expenses$107,557$84,480▼ $23,077
Unsecured Notes Loans Payable$57,273$36,491▼ $20,782
Total Liabilities$164,830$120,971▼ $43,859
Net Assets / Fund Balance
Unrestricted Net Assets$656,224$770,929▲ $114,705
Temporarily Rstr Net Assets$12,725--
Total Net Assets Fund Balance$668,949$770,929▲ $101,980
Total Liabilities and Net Assets / Fund Balance$833,779$891,900▲ $58,121

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$624,875$563,622$1,188,497
Equipment$197,501$448,756$646,257
Land$27,314-$27,314
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Jamie HolderPresident
Bobby HintonDirector
Brandon KirklandDirector
Ronnie PhillipsDirector
Tommy JonesDirector
Tim UptonSecretary
Maury HullVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$193,595
Program Service Revenue
$1,382,175
Investment Income
$161
Other Revenue
$0
All Other Contributions
$193,595
Change in Net Assets
$83,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$796,817
Other Expenses$695,621
Total Fundraising Expense$85,364
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$689,429$53,134-$742,563
All Other Expenses$130,407-$18,621$149,028
Depreciation Depletion$74,081--$74,081
Occupancy$56,719$6,000-$62,719
Payroll Taxes$47,940$4,065-$52,005
Other Expenses$37,551-$66,743$37,551
Insurance$33,583--$33,583
Office Expenses$13,858$1,020-$14,878
Fees for Services Accounting$9,832--$9,832
Information Technology$7,471--$7,471
Travel$2,473--$2,473
Advertising$2,416--$2,416
Pension Plan Contributions$1,885$364-$2,249
Interest$1,788--$1,788
Conferences and Meetings$1,219--$1,219
Total Functional Expenses$1,342,491$64,583$85,364$1,492,438
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
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
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

“The families of the students are allowed to buy membership in the school.”

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

“Nominations for the board members are conducted at the annual membership meeting at the 1st of august each year. The board members serve for 2 years with three members being elected one year and four members being elected the next year. In order to participate in the nomination process you must have purchased membership certificates. The nominees with the most votes are the new board members.”

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

“A copy of the form 990 was provided to the board of directors for review before filing.”

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

“During every board meeting, the conflict of interest policy is discussed in order to monitor and enforce.”

Form 990, Page 6, Part VI, Line 19

“Organizataional documents are made available for public inspections upon request”

Filing and Contact Details

Filer

Filer Name
Sylva-bay Academy Inc
EIN
64-0523715
Phone
6017642157
Address
P O DRAWER J, BAY SPRINGS, MS 39422

Signing Officer

Name
Jamie Holder
Title
President
Phone
6017642157
Signed
2020-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jamie Holder
Formed
1972
Legal Domicile
Ms
Voting Board Members
7
Independent Board Members
7
Employees
46
Volunteers
20

Preparer

Firm
Prince CPA Firm Pllc
Address
PO BOX 353, MAGEE, MS 39111-0353
Preparer
Mary Cathryn Slocum
Phone
6018492544
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“By utilizing an innovative curriculum, relevant technology, and creative methodology which are continually evaluated and modified to meet the needs of each student, sylva-bay academy will prepare students to become life- long learners, responsible citizens and productive members of society. The school, and related stakeholders will cultivate each student's potential with a well-qualified and caring staff, challenging curriculum, strenuous and competitive athletics, and extra-curricular activities.”

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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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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0REGISTRATION NOTICES IN LOCAL NEWSPAPER
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FAMILIES OF THE STUDENTS ARE ALLOWED TO BUY MEMBERSHIP IN THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NOMINATIONS FOR THE BOARD MEMBERS ARE CONDUCTED AT THE ANNUAL MEMBERSHIP MEETING AT THE 1ST OF AUGUST EACH YEAR. THE BOARD MEMBERS SERVE FOR 2 YEARS WITH THREE MEMBERS BEING ELECTED ONE YEAR AND FOUR MEMBERS BEING ELECTED THE NEXT YEAR. IN ORDER TO PARTICIPATE IN THE NOMINATION PROCESS YOU MUST HAVE PURCHASED MEMBERSHIP CERTIFICATES. THE NOMINEES WITH THE MOST VOTES ARE THE NEW BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DURING EVERY BOARD MEETING, THE CONFLICT OF INTEREST POLICY IS DISCUSSED IN ORDER TO MONITOR AND ENFORCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ORGANIZATAIONAL DOCUMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTIONS UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt064583
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01342491
IRS990/TotalFunctionalExpensesGrp/TotalAmt01492438
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IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt099261
IRS990/TotalProgramServiceExpensesAmt01342491
IRS990/TotalProgramServiceRevenueAmt01382175
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01382336
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01575931
IRS990/TotalVolunteersCnt020
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IRS990/TravelGrp/ProgramServicesAmt02473
IRS990/TravelGrp/TotalAmt02473
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/WebsiteAddressTxt0WWW.SYLVABAYACADEMY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMIE HOLDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06017642157
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SYLVA-BAY ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0SYLV
ReturnHeader/Filer/EIN0640523715
ReturnHeader/Filer/PhoneNum06017642157
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O DRAWER J
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02020-05-11
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ReturnHeader/FilingSecurityInformation/IPTm013:02:38
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0812831913
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PRINCE CPA FIRM PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 353
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MAGEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0391110353
ReturnHeader/PreparerPersonGrp/PhoneNum06018492544
ReturnHeader/PreparerPersonGrp/PreparationDt02020-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY CATHRYN SLOCUM
ReturnHeader/ReturnTs02020-05-11T13:02:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$891,900
Liabilities
$120,971
Net assets
$770,929
Revenue
$1,575,931
Expenses
$1,492,438
Net income
$83,493
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.58$0.10$1.48$1.67$1.54$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.58$0.06$1.53$1.70$1.64$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.65$0.18$1.46$1.63$1.51$0.12
2021Detailed filing. Detailed filing data is available for this year.$1.00$0.08$0.91$1.87$1.74$0.13
2020Detailed filing. Detailed filing data is available for this year.$1.03$0.25$0.78$1.62$1.61$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.89$0.12$0.77$1.58$1.49$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.83$0.16$0.67$1.30$1.32$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.81$0.13$0.68$1.39$1.26$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.71$0.15$0.56$1.28$1.25$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.66$0.14$0.52$1.33$1.26$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.63$0.18$0.45$1.05$1.08$0.03
2013Summary only. Only limited summary data is available for this year.$0.62$0.14$0.48$1.04$1.08$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.10$0.52$1.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.10$0.53$1.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.15$0.41$1.02