Civic Intelligence

Leake Academy Inc.

990 • Fiscal year 2016 • EIN 64-0537630

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 17, 2017

Organization ProfileLEAKEACADEMY.ORG

View Organization Page

1 Rebel DriveMadden, MS 39109

(601) 267-4461

Siviq Scores

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

Liabilities / Assets

65th percentile

0.24x

Higher debt load relative to assets than 65% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

63rd percentile

0.21x

Higher debt load relative to revenue than 63% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

59th percentile

5.4%

Higher net margin than 59% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

67th percentile

$94,915

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

77th percentile

14%

Faster asset growth than 77% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

66th percentile

10%

Faster revenue growth than 66% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$1,914,746

Up $237,688 (+14%) from 2015

Net Assets

Up

$1,461,485

Up $170,260 (+13%) from 2015

Liabilities

Up

$453,261

Up $67,428 (+17%) from 2015

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin59th percentile

Revenue

Up

$2,205,576

Up $202,239 (+10%) from 2015

Expenses

Up

$2,087,260

Up $176,205 (+9.2%) from 2015

Net Income

Up

$118,316

Up $26,034 (+28%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $1,677,058Liabilities 2015: $385,833Net Assets 2015: $1,291,2252015Assets 2016: $1,914,746Liabilities 2016: $453,261Net Assets 2016: $1,461,4852016Assets 2017: $2,022,957Liabilities 2017: $400,941Net Assets 2017: $1,622,0162017Assets 2018: $2,403,434Liabilities 2018: $423,583Net Assets 2018: $1,979,8512018Assets 2019: $2,476,256Liabilities 2019: $233,059Net Assets 2019: $2,243,1972019Assets 2020: $2,858,619Liabilities 2020: $502,586Net Assets 2020: $2,356,0332020Assets 2021: $3,103,141Liabilities 2021: $155,705Net Assets 2021: $2,947,4362021Assets 2022: $3,238,115Liabilities 2022: $165,948Net Assets 2022: $3,072,1672022Assets 2023: $3,309,875Liabilities 2023: $150,587Net Assets 2023: $3,159,2882023Assets 2024: $3,187,657Liabilities 2024: $176,680Net Assets 2024: $3,010,9772024

Highlighted filing

2016

Assets$1,914,746
Liabilities$453,261
Net Assets$1,461,485
Open 2016 Filing

Operations Trend

Revenue Growth66th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $2,003,337Expenses 2015: $1,911,055Net Income 2015: $92,2822015Revenue 2016: $2,205,576Expenses 2016: $2,087,260Net Income 2016: $118,3162016Revenue 2017: $2,390,323Expenses 2017: $2,229,792Net Income 2017: $160,5312017Revenue 2018: $2,394,698Expenses 2018: $2,164,806Net Income 2018: $229,8922018Revenue 2019: $2,421,319Expenses 2019: $2,173,518Net Income 2019: $247,8012019Revenue 2020: $2,344,131Expenses 2020: $2,231,829Net Income 2020: $112,3022020Revenue 2021: $2,849,713Expenses 2021: $2,348,616Net Income 2021: $501,0972021Revenue 2022: $2,673,062Expenses 2022: $2,548,331Net Income 2022: $124,7312022Revenue 2023: $2,648,422Expenses 2023: $2,561,301Net Income 2023: $87,1212023Revenue 2024: $2,608,413Expenses 2024: $2,756,724Net Income 2024: -$148,3112024

Highlighted filing

2016

Revenue$2,205,576
Expenses$2,087,260
Net Income$118,316
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 17, 2017
Return Version
2015v3.0
Gross Receipts
$2,205,576
Mission and Program Overview

Mission

Leake academy is a private school that provides education for pre- kindergarten through grade 12. Leake academy is a member of the mississippi association of independent schools and is committed to the education of its students. The school's learning experience encourages responsible citizenship, creative expression, physical development, and academic achievement. Leake academy continues to maintain its tradition of excellence in a structured learning environment. The administration and faculty join together in their support of a school that clearly defines high expectations and a successful learning experience.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$1,240,273$1,292,217▲ $51,944
Cash and Non-Interest-Bearing Accounts$775,505$1,019,011▲ $243,506
Land, Buildings, and Equipment, Net$829,466$820,314▼ $9,152
Rtn Earn Endowment Incm Other Fnds$50,952$169,268▲ $118,316
Prepaid Expenses and Deferred Charges$57,914$50,771▼ $7,143
Accounts Receivable$14,173$24,650▲ $10,477
Total Assets$1,677,058$1,914,746▲ $237,688
Liabilities
Unsecured Notes Loans Payable$232,512$228,801▼ $3,711
Other Liabilities$148,852$218,044▲ $69,192
Accounts Payable and Accrued Expenses$4,469$6,416▲ $1,947
Total Liabilities$385,833$453,261▲ $67,428
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,291,225$1,461,485▲ $170,260
Total Liabilities and Net Assets / Fund Balance$1,677,058$1,914,746▲ $237,688

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$653,836$326,125$979,961
Equipment$76,265$374,241$450,506
Land$90,213-$90,213
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleBaseTotal
Brian PickensPrincipal$94,915$94,915
Richard BoykinAssistant Pr$69,558$69,558

Board Members and Trustees

NameTitle
Mikki OgletreePresident /
Dale ScottDirector
Dan YoungDirector
David WeberDirector
Jodi WilcherDirector
Philip PrinceDirector
Ty JohnstonDirector
Mike MayfieldSecretary /
John SprayberryVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$30,300
Program Service Revenue
$2,174,199
Investment Income
$1,077
Other Revenue
$0
All Other Contributions
$30,300
Change in Net Assets
$118,316
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,632,727
Other Expenses$454,533
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,303,254--$1,303,254
Current Officers, Directors, Trustees, and Key Employees$164,473--$164,473
Payroll Taxes$118,676--$118,676
Depreciation Depletion$108,399--$108,399
All Other Expenses$69,149--$69,149
Other Employee Benefits$46,324--$46,324
Advertising$41,573--$41,573
Other Expenses$21,732--$21,732
Insurance$21,191--$21,191
Interest$9,701--$9,701
Office Expenses$7,360--$7,360
Travel$5,625--$5,625
Fees for Services Legal$4,379--$4,379
Total Functional Expenses$2,087,260$0$0$2,087,260
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
Auxilary Funds$130,000
Prepaid Tuition$74,656
Payroll Liabilities$13,388
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 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
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 7A

“The board of directors are elected annually by the members of the schools parents. Each director is elected to a three year term.”

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

“The form 990 was reviewed by the board of directors during a regularly scheduled meeting. The board of directors voted to approve the form 990 by unanimous vote. Prior to this board meeting, the form 990 was reviewed by the president of the board of directors, the school's principal and others responsible for the preparation and review of the form 990.”

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

“The board of directors discusses and votes on the principal's salary as well as well as bonuses for teaching staff.”

Form 990, Page 6, Part VI, Line 19

“The organizations governing documents are available on its website and are available upon request. The form 1023 and form 990 are available upon request. Information regarding how to request a copy of the form 1023 and form 990 is available on the website.”

Filing and Contact Details

Filer

Filer Name
Leake Academy Inc
EIN
64-0537630
Phone
6012674461
Address
1 REBEL DRIVE, MADDEN, MS 39109

Signing Officer

Name
Brian Pickens
Title
Principal
Phone
6012674461
Signed
2017-01-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Pickens
Formed
1973
Legal Domicile
Ms
Voting Board Members
9
Independent Board Members
9
Employees
55
Volunteers
24

Preparer

Firm
DONALD AND CO CPA'S PLLC
Address
313A MAIN ST, PHILADELPHIA, MS 39350-2652
Preparer
Michael a Donald CPA
Phone
6016565902
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Leake academy is a private school that provides education for pre- kindergarten through grade 12. Leake academy is a member of the mississippi association of independent schools and is committed to the education of its students. The school's learning experience encourages responsible citizenship, creative expression, physical development, and academic achievement. Leake academy continues to maintain its tradition of excellence in a structured learning environment. The administration and faculty join together in their support of a school that clearly defines high expectations and a successful learning experience.”

Form 990, Part XI, Line 9

“Capital contributed by pto 50,531 transfers from pto 1,010 other 403 total 51,944”

Raw XML AppendixShowing 400 of 408 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/ProgramServiceRevenueGrp/Desc1DUES, FEES, ETC
IRS990/ProgramServiceRevenueGrp/Desc2FOUNDATION FEES
IRS990/ProgramServiceRevenueGrp/Desc3LATE FEES
IRS990/ProgramServiceRevenueGrp/Desc4PHOTOGRAPHER FEES
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0374241
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0450506
IRS990ScheduleD/LandGrp/BookValueAmt090213
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt090213
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt174656
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt213388
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0AUXILARY FUNDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID TUITION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL LIABILITIES
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
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IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PUBLISHES ITS NON-DISCRIMINATION POLICY IN CONJUNCTION WITH ITS NOTICE FOR OPEN ENROLLMENT. THIS INFORMATION IS AVAILABLE ON ITS WEBSITE. IN ADDITION, THE NOTICE IS PUBLISHED IN LOCAL NEWSPAPERS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LEAKE ACADEMY IS A PRIVATE SCHOOL THAT PROVIDES EDUCATION FOR PRE- KINDERGARTEN THROUGH GRADE 12. LEAKE ACADEMY IS A MEMBER OF THE MISSISSIPPI ASSOCIATION OF INDEPENDENT SCHOOLS AND IS COMMITTED TO THE EDUCATION OF ITS STUDENTS. THE SCHOOL'S LEARNING EXPERIENCE ENCOURAGES RESPONSIBLE CITIZENSHIP, CREATIVE EXPRESSION, PHYSICAL DEVELOPMENT, AND ACADEMIC ACHIEVEMENT. LEAKE ACADEMY CONTINUES TO MAINTAIN ITS TRADITION OF EXCELLENCE IN A STRUCTURED LEARNING ENVIRONMENT. THE ADMINISTRATION AND FACULTY JOIN TOGETHER IN THEIR SUPPORT OF A SCHOOL THAT CLEARLY DEFINES HIGH EXPECTATIONS AND A SUCCESSFUL LEARNING EXPERIENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ARE ELECTED ANNUALLY BY THE MEMBERS OF THE SCHOOLS PARENTS. EACH DIRECTOR IS ELECTED TO A THREE YEAR TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WAS REVIEWED BY THE BOARD OF DIRECTORS DURING A REGULARLY SCHEDULED MEETING. THE BOARD OF DIRECTORS VOTED TO APPROVE THE FORM 990 BY UNANIMOUS VOTE. PRIOR TO THIS BOARD MEETING, THE FORM 990 WAS REVIEWED BY THE PRESIDENT OF THE BOARD OF DIRECTORS, THE SCHOOL'S PRINCIPAL AND OTHERS RESPONSIBLE FOR THE PREPARATION AND REVIEW OF THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS DISCUSSES AND VOTES ON THE PRINCIPAL'S SALARY AS WELL AS WELL AS BONUSES FOR TEACHING STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATIONS GOVERNING DOCUMENTS ARE AVAILABLE ON ITS WEBSITE AND ARE AVAILABLE UPON REQUEST. THE FORM 1023 AND FORM 990 ARE AVAILABLE UPON REQUEST. INFORMATION REGARDING HOW TO REQUEST A COPY OF THE FORM 1023 AND FORM 990 IS AVAILABLE ON THE WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CAPITAL CONTRIBUTED BY PTO 50,531 TRANSFERS FROM PTO 1,010 OTHER 403 TOTAL 51,944
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02205576
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IRS990/TravelGrp/ProgramServicesAmt05625
IRS990/TravelGrp/TotalAmt05625
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0232512
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0LEAKEACADEMY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN PICKENS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL
ReturnHeader/BusinessOfficerGrp/PhoneNum06012674461
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEAKE ACADEMY INC
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270633987
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DONALD AND CO CPA'S PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0313A MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PHILADELPHIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,914,746
Liabilities
$453,261
Net assets
$1,461,485
Revenue
$2,205,576
Expenses
$2,087,260
Net income
$118,316
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.19$0.18$3.01$2.61$2.76$0.15
2023Detailed filing. Detailed filing data is available for this year.$3.31$0.15$3.16$2.65$2.56$0.09
2022Detailed filing. Detailed filing data is available for this year.$3.24$0.17$3.07$2.67$2.55$0.12
2021Detailed filing. Detailed filing data is available for this year.$3.10$0.16$2.95$2.85$2.35$0.50
2020Detailed filing. Detailed filing data is available for this year.$2.86$0.50$2.36$2.34$2.23$0.11
2019Detailed filing. Detailed filing data is available for this year.$2.48$0.23$2.24$2.42$2.17$0.25
2018Detailed filing. Detailed filing data is available for this year.$2.40$0.42$1.98$2.39$2.16$0.23
2017Detailed filing. Detailed filing data is available for this year.$2.02$0.40$1.62$2.39$2.23$0.16
2016Detailed filing. Detailed filing data is available for this year.$1.91$0.45$1.46$2.21$2.09$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.68$0.39$1.29$2.00$1.91$0.09