Civic Intelligence

Sylva-Bay Academy Inc.

990 • Fiscal year 2024 • EIN 64-0523715

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 27, 2025

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

51st percentile

0.06x

Higher debt load relative to assets than 51% of similar nonprofits.

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

Liabilities / Revenue

46th percentile

0.06x

Higher debt load relative to revenue than 46% of similar nonprofits.

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

Net Margin

56th percentile

7.7%

Higher net margin than 56% 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

35th percentile

-0.4%

Faster asset growth than 35% of similar nonprofits.

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

Revenue Growth

32nd percentile

-1.8%

Faster revenue growth than 32% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets51st percentile

Assets

Down

$1,578,225

Down $6,590 (-0.4%) from 2023

Net Assets

Down

$1,478,107

Down $46,897 (-3.1%) from 2023

Liabilities

Up

$100,118

Up $40,307 (+67%) from 2023

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin56th percentile

Revenue

Down

$1,668,120

Down $30,538 (-1.8%) from 2023

Expenses

Down

$1,540,257

Down $99,078 (-6.0%) from 2023

Net Income

Up

$127,863

Up $68,540 (+116%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth35th 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

2024

Assets$1,578,225
Liabilities$100,118
Net Assets$1,478,107
Open 2024 Filing

Operations Trend

Revenue Growth32nd 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

2024

Revenue$1,668,120
Expenses$1,540,257
Net Income$127,863
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 27, 2025
Return Version
2023v6.0
Gross Receipts
$1,668,120
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$850,693$826,461▼ $24,232
Cash and Non-Interest-Bearing Accounts$629,347$729,200▲ $99,853
Accounts Receivable$17,395$22,564▲ $5,169
Total Assets$1,497,435$1,578,225▲ $80,790
Liabilities
Deferred Revenue$87,380$79,644▼ $7,736
Other Liabilities$38,096$19,669▼ $18,427
Unsecured Notes Loans Payable$19,378--
Accounts Payable and Accrued Expenses$2,337$805▼ $1,532
Total Liabilities$147,191$100,118▼ $47,073
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,350,244$1,478,107▲ $127,863
Total Net Assets Fund Balance$1,350,244$1,478,107▲ $127,863
Total Liabilities and Net Assets / Fund Balance$1,497,435$1,578,225▲ $80,790

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$510,677$741,449$1,252,126
Equipment$288,470$661,303$949,773
Land$27,314-$27,314
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Maury HullPresident
Chad OdomDirector
Jody DolanDirector
Micah PooleDirector
Ronnie PhillipsDirector
Sam BlakeneySecretary
Tommy JonesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$298,019
Program Service Revenue
$1,358,392
Investment Income
$11,709
Other Revenue
$0
All Other Contributions
$131,819
Change in Net Assets
$127,863
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$839,147
Other Expenses$701,110
Total Fundraising Expense$45,077
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$667,686$75,816$32,460$775,962
All Other Expenses$72,893$35,483$10,134$118,510
Depreciation Depletion$58,744$35,192-$93,936
Occupancy$36,600$24,400-$61,000
Payroll Taxes$51,096$5,800$2,483$59,379
Other Expenses$39,126--$39,126
Insurance$21,816$14,544-$36,360
Travel$11,252$7,501-$18,753
Office Expenses$8,332$5,554-$13,886
Fees for Services Accounting-$10,119-$10,119
Information Technology$6,939--$6,939
Pension Plan Contributions$3,806--$3,806
Advertising$2,048--$2,048
Total Functional Expenses$1,280,771$214,409$45,077$1,540,257
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
Accrued Payroll$17,664
Payroll Tax Liabilities$2,005
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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
Maury Hull
Title
President
Phone
6016705357
Signed
2025-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maury Hull
Formed
1972
Legal Domicile
Ms
Voting Board Members
7
Independent Board Members
7
Employees
35
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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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0288470
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0661303
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAX LIABILITIES
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IRS990ScheduleD/TotalLiabilityAmt019669
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0REGISTRATION NOTICES IN LOCAL NEWSPAPER
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BY 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.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
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/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01578225
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IRS990/TravelGrp/ProgramServicesAmt011252
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt019378
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01953 HIGHWAY 18
IRS990/USAddress/CityNm0LOUIN
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039338
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.SYLVABAYACADEMY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MAURY HULL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06016705357
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SYLVA-BAY ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0SYLV
ReturnHeader/Filer/EIN0640523715
ReturnHeader/Filer/PhoneNum06017642157
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O DRAWER J
ReturnHeader/Filer/USAddress/CityNm0BAY SPRINGS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039422
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02025-02-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY CATHRYN SLOCUM
ReturnHeader/ReturnTs02025-04-15T09:40:42-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,578,225
Liabilities
$100,118
Net assets
$1,478,107
Revenue
$1,668,120
Expenses
$1,540,257
Net income
$127,863
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