Civic Intelligence

Focus Point Education Academy

990 • Fiscal year 2022 • EIN 81-3196418

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 18, 2023

13074 Edna Brake Lucas DrMontgomery, AL 36117

(334) 270-9571

Siviq Scores

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

Liabilities / Assets

95th percentile

1.00x

Higher debt load relative to assets than 95% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

71st percentile

0.13x

Higher debt load relative to revenue than 71% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

46th percentile

4.3%

Higher net margin than 46% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

81st percentile

$80,000

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 12.7% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

92nd percentile

100%

Faster asset growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

70th percentile

31%

Faster revenue growth than 70% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$83,429

Up $41,643 (+100%) from 2021

Net Assets

Down

$0

Down $41,786 (-100%) from 2021

Liabilities

Up

$83,429

Up $83,429 from 2021

Revenue

Up

$629,463

Up $150,701 (+31%) from 2021

Expenses

Up

$602,230

Up $168,741 (+39%) from 2021

Net Income

Down

$27,233

Down $18,040 (-40%) from 2021

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2018: $3,795Liabilities 2018: $0Net Assets 2018: $3,7952018Assets 2019: $9,168Liabilities 2019: $0Net Assets 2019: $9,1682019Assets 2020: $3,537Liabilities 2020: $0Net Assets 2020: $3,5372020Assets 2021: $41,786Liabilities 2021: $0Net Assets 2021: $41,7862021Assets 2022: $83,429Liabilities 2022: $83,429Net Assets 2022: $02022Assets 2023: $385,239Liabilities 2023: $385,239Net Assets 2023: $02023

Highlighted filing

2022

Assets$83,429
Liabilities$83,429
Net Assets$0

Operations Trend

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

$1.0M$500K$0Revenue 2018: $43,816Expenses 2018: $40,021Net Income 2018: $3,7952018Revenue 2019: $180,373Expenses 2019: $178,415Net Income 2019: $1,9582019Revenue 2020: $284,327Expenses 2020: $273,671Net Income 2020: $10,6562020Revenue 2021: $478,762Expenses 2021: $433,489Net Income 2021: $45,2732021Revenue 2022: $629,463Expenses 2022: $602,230Net Income 2022: $27,2332022Revenue 2023: $915,636Expenses 2023: $610,704Net Income 2023: $304,9322023

Highlighted filing

2022

Revenue$629,463
Expenses$602,230
Net Income$27,233
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 18, 2023
Return Version
2022v5.0
Gross Receipts
$629,463
Mission and Program Overview

Mission

Our mission, purpose, and commitment is to provide the necessary knowledge, skills and role models so that each child can understand, practice and appreciate his/her education and faith.

We pride ourselves on our exemplary experience in childcare

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$40,846$81,278▲ $40,432
Savings and Temporary Cash Investments$940$2,151▲ $1,211
Total Assets$41,786$83,429▲ $41,643
Liabilities
Other Liabilities$41,786$83,429▲ $41,643
Total Liabilities$41,786$83,429▲ $41,643
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$41,786$83,429▲ $41,643
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$41,786$83,429▲ $41,643
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Taneki D MayesPresidentFT$80,000$80,000
Aagresha S EarleDirectorFT$35,931$35,931
Randall C MayesTreasurerPT$11,028$11,028
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$629,463
Change in Net Assets
$27,233
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$444,321
Other Expenses$157,909
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$444,321
Office Expenses---$73,332
Other Expenses---$25,361
Fees for Services Other---$23,178
Insurance---$6,316
Fees for Service Investment Mgmnt Fees---$5,000
Travel---$709
Advertising---$661
All Other Expenses---$342
Total Functional Expenses$0$0$0$602,230
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
Various Accounts Owed$83,429
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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

Part VI Line 2

Taneki Mayes, the President of Focus Point Education Academy, is the spouse

Part VI Line 2

of Randall Mayes, the Treasurer.

Part VI Line 4

The Director, Aagresha Earle, is the new Director in 2022. The previous

Part VI Line 4

Director no longer works with the Company as Focus Point Director.

Part VI Line 11B

The return was reviewed electronically by providing a PDF copy to all Board

Part VI Line 11B

Members to approve. All applicable documents are available upon request.

Part VI Line 12C

All applicable documents would be available upon request. No "Conflict of

Part VI Line 12C

Interest" Activity noted in year end 12/31/2022.

Part VI Line 19

All applicable documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Focus Point Education Academy
EIN
81-3196418
In Care Of
% Taneki D Mayes
Phone
3342709571
Address
13074 Edna Brake Lucas Dr, Montgomery, AL 36117

Signing Officer

Name
Taneki D Mayes
Title
President
Phone
3342709571
Signed
2023-06-18
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Al
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Mayes & Mayes LLC
Address
PO Box 640583, Pike Road, AL 36064-0583
Preparer
Randall C Mayes Mba
Phone
3345933103
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