Civic Intelligence

Sherwood Christian Academy

990 • Fiscal year 2014 • EIN 75-2376473

Aug 01, 2013 to Jul 31, 2014 • Filed on Jun 15, 2015

Organization Profilesherwoodchristian.com
PO Box 1344879768-3448

(432) 362-7447

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

76th percentile

18%

Higher net margin than 76% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

61st percentile

$42,720

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

10th percentile

-18%

Faster asset growth than 10% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

49th percentile

4.0%

Faster revenue growth than 49% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets24th percentile

Assets

Down

$385,335

Down $83,698 (-18%) from 2013

Net Assets

Down

$385,335

Down $69,307 (-15%) from 2013

Liabilities

Down

$0

Down $14,391 (-100%) from 2013

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin76th percentile

Revenue

$611,037

No earlier filing loaded for comparison.

Expenses

Up

$498,984

Up $46,255 (+10%) from 2013

Net Income

$112,053

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$1.0M$500K$0Assets 2010: $522,217Liabilities 2010: $53,292Net Assets 2010: $468,9252010Assets 2011: $483,455Liabilities 2011: $28,871Net Assets 2011: $454,5842011Assets 2012: $450,827Liabilities 2012: $23,402Net Assets 2012: $427,4252012Assets 2013: $469,033Liabilities 2013: $14,391Net Assets 2013: $454,6422013Assets 2014: $385,335Liabilities 2014: $0Net Assets 2014: $385,3352014Assets 2015: $894,989Liabilities 2015: $0Net Assets 2015: $894,9892015Assets 2016: $880,415Liabilities 2016: $0Net Assets 2016: $880,4152016Assets 2017: $947,616Liabilities 2017: $5,070Net Assets 2017: $942,5462017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2014

Assets$385,335
Liabilities$0
Net Assets$385,335
Open 2014 Filing

Operations Trend

Revenue Growth49th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2010: $307,053Expenses 2010: $256,942Net Income 2010: $50,1112010Revenue 2011: $542,466Expenses 2011: $556,807Net Income 2011: -$14,3412011Expenses 2012: $548,9142012Expenses 2013: $452,7292013Revenue 2014: $611,037Expenses 2014: $498,984Net Income 2014: $112,0532014Revenue 2015: $534,976Expenses 2015: $549,890Net Income 2015: -$14,9142015Revenue 2016: $405,601Expenses 2016: $417,882Net Income 2016: -$12,2812016Revenue 2017: $385,828Expenses 2017: $323,698Net Income 2017: $62,1302017Revenue 2018: $510,788Expenses 2018: $510,788Net Income 2018: $02018

Highlighted filing

2014

Revenue$611,037
Expenses$498,984
Net Income$112,053
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2013 to Jul 31, 2014
Signed
Jun 15, 2015
Return Version
2013v4.0
Gross Receipts
$611,037
Mission and Program Overview

Mission

Provide a quality educational experience for children, which develops not only their academic knowledge, but also spiritual growth, character development, and citizenship.

Provide a quality educational experience for children, which develops not only their academic knowledge, but also spiritual growth, character developement, and citizenship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$369,243$337,885▼ $31,358
Savings and Temporary Cash Investments$75,573$38,638▼ $36,935
Cash and Non-Interest-Bearing Accounts$24,217$8,812▼ $15,405
Total Assets$469,033$385,335▼ $83,698
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,899--
Accounts Payable and Accrued Expenses$5,492--
Total Liabilities$14,391$0▼ $14,391
Net Assets / Fund Balance
Unrestricted Net Assets$454,642$385,335▼ $69,307
Total Net Assets Fund Balance$454,642$385,335▼ $69,307
Total Liabilities and Net Assets / Fund Balance$469,033$385,335▼ $83,698

Asset Categories

AssetBook ValueDepreciationBasis
Land$174,952-$174,952
Buildings$162,933-$162,933
Equipment-$-181,358-
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen BurneySchool principalFT$38,732$3,988$42,720

Board Members and Trustees

NameTitle
Brian BurneyPresident
Joe BellDirector
Johnny FayoDirector
Russ HerringtonDirector
Doug PeacockSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$242,697
Program Service Revenue
$368,231
Investment Income
$109
Other Revenue
$0
All Other Contributions
$213,939
Change in Net Assets
$112,053

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$150,000Fair Market Value (FMV) - real estate
Total Noncash Contributions1$150,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$337,292
Other Expenses$161,692
Total Fundraising Expense$5,243
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$215,291$51,190-$266,481
Other Expenses$51,391--$51,391
Occupancy$33,879$11,293-$45,172
Current Officers, Directors, Trustees, and Key Employees-$39,396-$39,396
Office Expenses$21,949$7,317$5,243$34,509
Payroll Taxes$16,253$6,965-$23,218
Conferences and Meetings$17,863--$17,863
Travel$10,074--$10,074
Other Employee Benefits$4,209--$4,209
Pension Plan Contributions-$3,988-$3,988
Advertising$2,604--$2,604
Interest$79--$79
Total Functional Expenses$373,592$120,149$5,243$498,984
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$28,757---
Total Events$28,757---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Part VI, Section A, Line 2

“The school principal is the parent of a board member.”

Form 990, Part VI, Section B, Line 12C

“Board members complete a conflict of interest disclosure statement annually. Management monitors action items at board meetings and vendor transactions to oversee any potential conflicts. Board members must abstain from voting if any known or potential conflict exists.”

Form 990, Part VI, Section B, Line 15A

“An evaluation of the school principal/administrator is conducted annually by the board of directors. Compensation is determined mostly based on the budget of the School. No other officers of the School are compensated.”

Form 990, Part VI, Section C, Line 19

“Governing documents, financial statements, and conflict of interest statements are maintained at the Schools administrative offices at 5611 Ector, Odessa, Texas 79762.”

Form 990, Part VI, Section B, Line 11B

“The 990 is reviewed by the school principal and financial bookkeeper. The board normally reviews at a board meeting after filing.”

Filing and Contact Details

Filer

EIN
75-2376473
Phone
4323627447

Signing Officer

Name
Karen Burney
Title
Principal
Signed
2015-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Burney
Formed
1973
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
20
Volunteers
75

Preparer

Preparer
Randy Silhan
Phone
4325800204
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 8

“A prior period adjustment was made to correct furniture and equipment that has no historical cost or has been fully depreciated.”

Raw XML Appendix378 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The school principal is the parent of a board member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members complete a conflict of interest disclosure statement annually. Management monitors action items at board meetings and vendor transactions to oversee any potential conflicts. Board members must abstain from voting if any known or potential conflict exists.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2An evaluation of the school principal/administrator is conducted annually by the board of directors. Compensation is determined mostly based on the budget of the School. No other officers of the School are compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents, financial statements, and conflict of interest statements are maintained at the Schools administrative offices at 5611 Ector, Odessa, Texas 79762.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The 990 is reviewed by the school principal and financial bookkeeper. The board normally reviews at a board meeting after filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A prior period adjustment was made to correct furniture and equipment that has no historical cost or has been fully depreciated.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 8
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0469033
IRS990/TotalAssetsEOYAmt0385335
IRS990/TotalAssetsGrp/BOYAmt0469033
IRS990/TotalAssetsGrp/EOYAmt0385335
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0242697
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05243
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0120149
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0373592
IRS990/TotalFunctionalExpensesGrp/TotalAmt0498984
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014391
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt014391
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0454642
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0385335
IRS990/TotalOtherCompensationAmt03988
IRS990/TotalProgramServiceExpensesAmt0373592
IRS990/TotalProgramServiceRevenueAmt0368231
IRS990/TotalReportableCompFromOrgAmt038732
IRS990/TotalRevenueGrp/ExclusionAmt0109
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0368231
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0611037
IRS990/TotalVolunteersCnt075
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0469033
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0385335
IRS990/TravelGrp/ProgramServicesAmt010074
IRS990/TravelGrp/TotalAmt010074
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0454642
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0385335
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10PO BOX 13448
IRS990/USAddress/City0ODESSA
IRS990/USAddress/State0TX
IRS990/USAddress/ZIPCode079765
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0sherwoodchristian.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN BURNEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-06-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10SHERWOOD CHRISTIAN ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0SHER
ReturnHeader/Filer/EIN0752376473
ReturnHeader/Filer/PhoneNum04323627447
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 13448
ReturnHeader/Filer/USAddress/City0ODESSA
ReturnHeader/Filer/USAddress/State0TX
ReturnHeader/Filer/USAddress/ZIPCode0797683448
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10RANDY SILHAN CPA CFE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine102817 JBS PARKWAY C-202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0ODESSA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode079762
ReturnHeader/PreparerPersonGrp/PhoneNum04325800204
ReturnHeader/PreparerPersonGrp/PreparationDt02015-06-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RANDY SILHAN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-06-15T11:15:07-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-08-01
ReturnHeader/TaxPeriodEndDt02014-07-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$385,335
Liabilities
$0
Net assets
$385,335
Revenue
$611,037
Expenses
$498,984
Net income
$112,053
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$5.11$5.11$0.00
2017Detailed filing. Detailed filing data is available for this year.$9.48$0.05$9.43$3.86$3.24$0.62
2016Detailed filing. Detailed filing data is available for this year.$8.80$0.00$8.80$4.06$4.18$0.12
2015Detailed filing. Detailed filing data is available for this year.$8.95$0.00$8.95$5.35$5.50$0.15
2014Detailed filing. Detailed filing data is available for this year.$3.85$0.00$3.85$6.11$4.99$1.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.69$0.14$4.55$4.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.51$0.23$4.27$5.49
2011Summary only. Only limited summary data is available for this year.$4.83$0.29$4.55$5.42$5.57$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.22$0.53$4.69$3.07$2.57$0.50