Civic Intelligence

Academy of Innovation Inc

EIN 81-3180774 • 501(c)3 • Gainesville, GA

Profile

To foster students' emotional, physical, and intellectual growth so that they can succeed not only in academics, but in career settings as well.

1399 Thompson Bridge RoadGainesville, GA 30501

wherelearningtakesflight.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

53rd percentile

0.02x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

53rd percentile

0.02x

Higher debt load relative to revenue than 53% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

12th percentile

-27%

Higher net margin than 12% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

78th percentile

$75,938

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

11th percentile

-28%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

34th percentile

-3.3%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$821,432

Down $129,200 (-14%) from 2023

Liabilities

Up

$67,385

Up $5,157 (+8.3%) from 2023

Net Assets

Down

$754,047

Down $134,357 (-15%) from 2023

Operations
Liabilities / Revenue53rd percentileNet Margin12th percentile

Revenue

Down

$676,022

Down $115,713 (-15%) from 2023

Expenses

Up

$810,341

Up $45,458 (+5.9%) from 2023

Net Income

Down

-$134,319

Down $161,171 (-600%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth11th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2018: $238,610Liabilities 2018: $42,175Net Assets 2018: $196,4352018Assets 2019: $407,154Liabilities 2019: $40,352Net Assets 2019: $366,8022019Assets 2020: $612,941Liabilities 2020: $117,582Net Assets 2020: $495,3592020Assets 2021: $783,476Liabilities 2021: $119,246Net Assets 2021: $664,2302021Assets 2022: $918,509Liabilities 2022: $55,016Net Assets 2022: $863,4932022Assets 2023: $950,632Liabilities 2023: $62,228Net Assets 2023: $888,4042023Assets 2024: $821,432Liabilities 2024: $67,385Net Assets 2024: $754,0472024

Highlighted filing

2024

Assets$821,432
Liabilities$67,385
Net Assets$754,047
Open 2024 Filing

Operations Trend

Revenue Growth34th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2018: $640,491Expenses 2018: $493,000Net Income 2018: $147,4912018Revenue 2019: $703,454Expenses 2019: $533,088Net Income 2019: $170,3662019Revenue 2020: $708,769Expenses 2020: $580,212Net Income 2020: $128,5572020Revenue 2021: $876,515Expenses 2021: $707,390Net Income 2021: $169,1252021Revenue 2022: $974,859Expenses 2022: $770,080Net Income 2022: $204,7792022Revenue 2023: $791,735Expenses 2023: $764,883Net Income 2023: $26,8522023Revenue 2024: $676,022Expenses 2024: $810,341Net Income 2024: -$134,3192024

Highlighted filing

2024

Revenue$676,022
Expenses$810,341
Net Income-$134,319
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$821,432
Liabilities
$67,385
Net assets
$754,047
Revenue
$676,022
Expenses
$810,341
Net income
-$134,319
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.21$0.67$7.54$6.76$8.10$1.34
2023Detailed filing. Detailed filing data is available for this year.$9.51$0.62$8.88$7.92$7.65$0.27
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.19$0.55$8.63$9.75$7.70$2.05
2021Detailed filing. Detailed filing data is available for this year.$7.83$1.19$6.64$8.77$7.07$1.69
2020Detailed filing. Detailed filing data is available for this year.$6.13$1.18$4.95$7.09$5.80$1.29
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.07$0.40$3.67$7.03$5.33$1.70
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.39$0.42$1.96$6.40$4.93$1.47
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Oct 30, 2023
Return Version
2022v5.0
Gross Receipts
$791,735
Mission and Program Overview

Mission

To foster students' emotional, physical, and intellectual growth so that they can succeed not only in academics, but in career settings as well.

The mission of academy of innovation is to maximize the potential of students with learning disabilities and develop foundations for success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$308,599$666,990▲ $358,391
Cash and Non-Interest-Bearing Accounts$555,631$244,312▼ $311,319
Land, Buildings, and Equipment, Net$39,669$28,744▼ $10,925
Accounts Receivable$13,281$6,712▼ $6,569
Prepaid Expenses and Deferred Charges$1,329$3,874▲ $2,545
Total Assets$918,509$950,632▲ $32,123
Liabilities
Accounts Payable and Accrued Expenses$40,285$42,003▲ $1,718
Deferred Revenue$14,731$20,225▲ $5,494
Total Liabilities$55,016$62,228▲ $7,212
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$752,681$687,119▼ $65,562
Net Assets With Donor Restrictions$110,812$201,285▲ $90,473
Total Net Assets Fund Balance$863,493$888,404▲ $24,911
Total Liabilities and Net Assets / Fund Balance$918,509$950,632▲ $32,123

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$28,744$69,448$98,192
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Carol HendersonHead of SchoFT$69,121$69,121

Board Members and Trustees

NameTitle
Anthony DyeChairperson
Adam BlackwellDirector
Brent HatcherDirector
Jackie Walters-slaughterDirector
Sonia RiceDirector
Richard MalcolmCommittee Ch
Ava H WhiteForm. Head O
Martha MegaheeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$216,199
Program Service Revenue
$572,092
Investment Income
$3,444
Other Revenue
$0
All Other Contributions
$216,199
Change in Net Assets
$26,852
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$399,250
Other Expenses$213,341
Grants and Similar Amounts Paid$152,292
Total Fundraising Expense$8,878
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$260,791$29,414$235$290,440
Grants to Domestic Individuals$152,292--$152,292
Occupancy$68,471$12,053-$80,524
Current Officers, Directors, Trustees, and Key Employees$48,385$13,824$6,912$69,121
Payroll Taxes$26,742$3,740$618$31,100
Office Expenses$23,589$4,567$1,052$29,208
Fees for Services Other$23,350--$23,350
Fees for Services Accounting$213$19,644-$19,857
Depreciation Depletion$13,339--$13,339
Information Technology$6,484$4,669-$11,153
Other Employee Benefits$8,142$386$61$8,589
Insurance$4,131$2,046-$6,177
Advertising$2,482--$2,482
Other Expenses$6,544$100-$100
Travel$100--$100
Total Functional Expenses$658,604$97,401$8,878$764,883
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
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
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 11B

“The 990 is provided to each board member for review before it is filed.”

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

“Conflict of interest policy is reviewed, annually at a minumum, by all board members.”

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

“A verbal review is held by the chair and the executive director. The board of directors approves the salary for the executive director post-review. Our strategic plan that is approved and followed becomes the basis for the review.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Academy of Innovation Inc
EIN
81-3180774
Phone
6785366898
Address
1399 THOMPSON BRIDGE ROAD, GAINESVILLE, GA 30501

Signing Officer

Name
Carol Henderson
Title
Head of School
Phone
7705366698
Signed
2023-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Henderson
Formed
2016
Legal Domicile
Ga
Voting Board Members
9
Independent Board Members
9
Employees
22
Volunteers
10

Preparer

Firm
Blair C Diaz CPA Pc
Address
616 GREEN ST, GAINESVILLE, GA 30501
Preparer
Blair C Diaz
Phone
7705365500
Raw XML AppendixShowing 400 of 407 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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IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NONDISCRIMINATORY POLICY IS INCLUDED ON ALL ADMISSIONS APPLICATION PACKAGES AND ANNOUNCEMENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY OF INNOVATION WORKS WITH THE SPECIAL NEEDS SCHOLARSHIP PROGRAM FOR STUDENTS THAT HAVE A CURRENT IEP (INDIVIDUALIZED EDUCATION PLAN) IN PLACE. THE GEORGIA SPECIAL NEEDS SCHOLARSHIP (GSNS) PROGRAM IS A SCHOOL CHOICE PROGRAM AVAILABLE FOR SPECIAL NEEDS STUDENTS ATTENDING GEORGIA PUBLIC SCHOOLS WHO ARE SERVED UNDER AN INDIVIDUALIZED EDUCATION PLAN (IEP). SIMPLY PUT, IF YOUR CHILD HAS A CURRENT IEP IN PLACE THEN YOUR CHILD IS ELIGIBLE TO RECEIVE THE STATE OF GEORGIA'S SPECIAL NEEDS SCHOLARSHIP OR SB10 SCHOLARSHIP. WE ALSO WORK WITH GASSO (GEORGIA STUDENT SCHOLARSHIP ORGANIZATION) TO HELP DEFRAY THE COSTS OF PRIVATE SCHOOLING. GEORGIA STUDENT SCHOLARSHIP ORGANIZATION, INC. IS ONE OF THE OLDEST AND LARGEST NON-PROFIT CORPORATIONS APPROVED BY THE STATE OF GEORGIA TO ACCEPT AND MANAGE TAX-CREDIT DONATIONS THAT GIVE GEORGIA CHILDREN ACCESS TO THE EDUCATIONAL CHOICES THEY DESERVE AND NEED. MOST STUDENTS FROM THE SECOND GRADE FORWARD MUST HAVE ATTENDED A GEORGIA PRIMARY OR SECONDARY SCHOOL FOR AT LEAST SIX WEEKS IMMEDIATELY PRIOR TO RECEIVING A SCHOLARSHIP. FINANCIAL AID IS AVAILABLE TO ACCEPTED AND ENROLLED STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0TO ASCERTAIN IF A STUDENT IS ELIGIBLE FOR THE ACADEMY'S SCHOLARSHIP, PARENTS MUST COMPLETE AN ONLINE APPLICATION WITH THE SCHOOL AND STUDENT SERVICES (SSS), A NATIONAL ORGANIZATION THAT ESTIMATES THE AMOUNT OF TUITION THAT FAMILIES CAN USE FOR FUNDING TO PAY FOR PRIVATE SCHOOLS. TOTAL HOUSEHOLD INCOME OF EACH PARENT WILL BE USED IN THE EVALUATION OF ELIGIBILITY. PARENTS FILL OUT THE APPLICATION AND PROVIDE THE REQUIRED DOCUMENTS TO SEE IF THEY MEET THE SCHOLARSHIP CRITERIA. AFTER RECEIVING THE SSS REPORT, THE COMMITTEE WILL MEET AND REVIEW THE SSS RECOMMENDATIONS TO DETERMINE IF THE FAMILY MEETS THE SCHOLARSHIP QUALIFICATIONS. THE AOI COMMITTEE WILL MAKE THE FINAL DECISION ABOUT SCHOLARSHIP AWARDS. ALL FINANCIAL RECORDS ARE HELD IN CONFIDENCE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 4, PART IV
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY IS REVIEWED, ANNUALLY AT A MINUMUM, BY ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A VERBAL REVIEW IS HELD BY THE CHAIR AND THE EXECUTIVE DIRECTOR. THE BOARD OF DIRECTORS APPROVES THE SALARY FOR THE EXECUTIVE DIRECTOR POST-REVIEW. OUR STRATEGIC PLAN THAT IS APPROVED AND FOLLOWED BECOMES THE BASIS FOR THE REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROL HENDERSON
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