Civic Intelligence

Sherwood Christian Academy

990 • Fiscal year 2017 • EIN 75-2376473

Aug 01, 2016 to Jul 31, 2017 • Filed on Oct 04, 2017

Organization ProfileN/A
PO Box 13448Odessa, TX 79768-3448

(432) 362-7447

Siviq Scores

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

Liabilities / Assets

35th percentile

0.01x

Higher debt load relative to assets than 35% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

39th percentile

0.01x

Higher debt load relative to revenue than 39% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

73rd percentile

16%

Higher net margin than 73% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

52nd percentile

$11,958

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

61st percentile

7.6%

Faster asset growth than 61% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

30th percentile

-4.9%

Faster revenue growth than 30% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$947,616

Up $67,201 (+7.6%) from 2016

Net Assets

Up

$942,546

Up $62,131 (+7.1%) from 2016

Liabilities

Up

$5,070

Up $5,070 from 2016

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin73rd percentile

Revenue

Down

$385,828

Down $19,773 (-4.9%) from 2016

Expenses

Down

$323,698

Down $94,184 (-23%) from 2016

Net Income

Up

$62,130

Up $74,411 (+606%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth61st 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

2017

Assets$947,616
Liabilities$5,070
Net Assets$942,546
Open 2017 Filing

Operations Trend

Revenue Growth30th 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

2017

Revenue$385,828
Expenses$323,698
Net Income$62,130
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Oct 4, 2017
Return Version
2016v3.0
Gross Receipts
$387,695
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 education experience for childen, which developes not only their academic knowledge, but also spiritual growth, character development, and citizenship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$846,110$838,186▼ $7,924
Savings and Temporary Cash Investments$33,238$109,218▲ $75,980
Cash and Non-Interest-Bearing Accounts$1,067$12,120▲ $11,053
Accounts Receivable-$-11,908-
Total Assets$880,415$947,616▲ $67,201
Liabilities
Accounts Payable and Accrued Expenses-$5,070-
Total Liabilities$0$5,070▲ $5,070
Net Assets / Fund Balance
Unrestricted Net Assets$880,415$942,546▲ $62,131
Total Net Assets Fund Balance$880,415$942,546▲ $62,131
Total Liabilities and Net Assets / Fund Balance$880,415$947,616▲ $67,201

Asset Categories

AssetBook ValueDepreciationBasis
Land$743,000-$743,000
Buildings$68,327$48,673$117,000
Leasehold Improvements$25,962$64,544$90,506
Equipment$897$42,778$43,675
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Karen BurneySchool PrincipalFT$11,958$11,958

Board Members and Trustees

NameTitle
Brian BurneyPresident
Debbie BrumleyDirector
Johnny FayoDirector
Russ HerringtonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$140,656
Program Service Revenue
$236,131
Investment Income
$212
Other Revenue
$8,829
All Other Contributions
$140,656
Change in Net Assets
$62,130
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$215,030
Other Expenses$108,668
Total Fundraising Expense$799
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$134,829$48,844$0$183,673
Occupancy$20,632$6,513$0$27,145
Office Expenses$14,225$4,746$0$18,971
Conferences and Meetings$17,280$0$0$17,280
Payroll Taxes$10,526$4,511$0$15,037
Current Officers, Directors, Trustees, and Key Employees$0$11,958$0$11,958
Travel$9,240$0$0$9,240
Depreciation Depletion$5,944$1,981$0$7,925
All Other Expenses$6,738$0$0$6,738
Other Employee Benefits$4,362$0$0$4,362
Advertising$809$0$0$809
Fees for Services Other$0$0$799$799
Other Expenses$225$0$0$225
Total Functional Expenses$244,346$78,553$799$323,698
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,696
Fundraising Direct Expenses$1,867
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
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
Filing and Contact Details

Filer

Filer Name
Sherwood Christian Academy
EIN
75-2376473
Phone
4323627447
Address
PO BOX 13448, Odessa, TX 79768-3448

Signing Officer

Name
Karen Burney
Title
Principal
Phone
4323627447
Signed
2017-10-04
Discuss with paid preparer
Yes

Organization Details

Formed
1973
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
19
Volunteers
50

Preparer

Firm
Ron Kirby CPA
Address
2626 JBS PKWY STE B 200, ODESSA, TX 79761-1957
Preparer
Ron Kirby CPA
Phone
4325502708
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

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

Pt VI, Line 19

“Governing documents, financial statements, the 990, and conflict of interest statement are maintained at the School's administrative offices at 5611 Ector, Odessa, TX 79762. The 990 is also available on guidestar.org.”

Pt VI, Line 2

“The school principal is the parent of the board president.”

Pt VI, 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.”

Pt VI, Line 15A

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

Pt VI, Line 12C

“A prior period adjusment was made to correct understated Accumulated Depreciaton, assets, and to tie back to 2016 990.”

Form 990, Part IX, Line 24E

“Refunds 6738. 6738. 0. 0.”

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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/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL ADMITS STUDENTS OF ANY RACE, COLOR, ATINAL ORIGIN TO ALL RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES MADE AVAILABLE TO STUDENTS. SEE NOTE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is reviewed by the school principal and financial bookkeeper. The board normally reviews at a board meeting after filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing documents, financial statements, the 990, and conflict of interest statement are maintained at the School's administrative offices at 5611 Ector, Odessa, TX 79762. The 990 is also available on guidestar.org.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The school principal is the parent of the board president.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board 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/ExplanationTxt4An evaluation of the school principal/administrator is conducted annually by the board of directors. Compensation is determined mostly based ont he budget of the School. No other officers of the School are compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A prior period adjusment was made to correct understated Accumulated Depreciaton, assets, and to tie back to 2016 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6REFUNDS 6738. 6738. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
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IRS990/TravelGrp/ManagementAndGeneralAmt00
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IRS990/TravelGrp/TotalAmt09240
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0880415
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IRS990/USAddress/AddressLine1Txt0PO BOX 13448
IRS990/USAddress/CityNm0ODESSA
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079765
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN BURNEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL
ReturnHeader/BusinessOfficerGrp/PhoneNum04323627447
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHERWOOD CHRISTIAN ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0SHER
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ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 13448
ReturnHeader/Filer/USAddress/CityNm0Odessa
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId062FA297F8577AC6D36F71A001E84DF19492AED0E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0668B166251CCFF9E4A4D3ACF9B0DC4BDFF9F45FC
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.48.230.106
ReturnHeader/FilingSecurityInformation/IPDt02017-10-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm011:58:25
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RON KIRBY CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02626 JBS PKWY STE B 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ODESSA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0797611957
ReturnHeader/PreparerPersonGrp/PhoneNum04325502708
ReturnHeader/PreparerPersonGrp/PreparationDt02017-10-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RON KIRBY CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-10-10T11:58:30-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-08-01
ReturnHeader/TaxPeriodEndDt02017-07-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$947,616
Liabilities
$5,070
Net assets
$942,546
Revenue
$385,828
Expenses
$323,698
Net income
$62,130
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