Civic Intelligence

The Nest Academy Inc.

990 • Fiscal year 2021 • EIN 81-3637711

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization Profilewww.thenestacademy.org
6824 Democracy DriveCharlotte, NC 28212

(980) 288-4163

Siviq Scores

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

Liabilities / Assets

49th percentile

0.01x

Higher debt load relative to assets than 49% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

44th percentile

0.01x

Higher debt load relative to revenue than 44% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Net Margin

22nd percentile

-4.5%

Higher net margin than 22% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

80th percentile

$72,400

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 12.1% of source-year revenue.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Asset Growth

7th percentile

-20%

Faster asset growth than 7% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2019 to 2021

Revenue Growth

56th percentile

18%

Faster revenue growth than 56% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2019 to 2021

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$395,559

Down $220,064 (-36%) from 2019

Net Assets

Down

$390,359

Down $186,024 (-32%) from 2019

Liabilities

Down

$5,200

Down $34,040 (-87%) from 2019

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin22nd percentile

Revenue

Up

$599,609

Up $172,240 (+40%) from 2019

Expenses

Up

$626,404

Up $201,246 (+47%) from 2019

Net Income

Down

-$26,795

Down $29,006 (-1312%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$1.5M$1.0M$500K$0Assets 2016: $35,755Liabilities 2016: $10,372Net Assets 2016: $25,3832016Assets 2017: $723,584Liabilities 2017: $76,163Net Assets 2017: $647,4212017Assets 2018: $629,957Liabilities 2018: $55,785Net Assets 2018: $574,1722018Assets 2019: $615,623Liabilities 2019: $39,240Net Assets 2019: $576,3832019Assets 2021: $395,559Liabilities 2021: $5,200Net Assets 2021: $390,3592021Assets 2022: $797,532Liabilities 2022: $5,200Net Assets 2022: $792,3322022Assets 2023: $786,787Liabilities 2023: $5,489Net Assets 2023: $781,2982023Assets 2024: $1,099,781Liabilities 2024: $5,200Net Assets 2024: $1,094,5812024

Highlighted filing

2021

Assets$395,559
Liabilities$5,200
Net Assets$390,359
Open 2021 Filing

Operations Trend

Revenue Growth56th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $184,565Expenses 2016: $159,182Net Income 2016: $25,3832016Revenue 2017: $1,071,041Expenses 2017: $449,003Net Income 2017: $622,0382017Revenue 2018: $374,775Expenses 2018: $448,024Net Income 2018: -$73,2492018Revenue 2019: $427,369Expenses 2019: $425,158Net Income 2019: $2,2112019Revenue 2021: $599,609Expenses 2021: $626,404Net Income 2021: -$26,7952021Revenue 2022: $996,649Expenses 2022: $594,676Net Income 2022: $401,9732022Revenue 2023: $787,984Expenses 2023: $799,018Net Income 2023: -$11,0342023Revenue 2024: $1,162,655Expenses 2024: $849,372Net Income 2024: $313,2832024

Highlighted filing

2021

Revenue$599,609
Expenses$626,404
Net Income-$26,795
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.1
Gross Receipts
$599,609
Mission and Program Overview

Mission

The Nest Academy is a small, trauma-informed, private school in Charlotte, North Carolina with a mission to change the lives of refugee and underprivileged students to become confident, educated, and successful first generation high school graduates. The Nest Academy offers students an individualized education plan in a small, safe and supportive environment through highly trained teachers, volunteers and mentors. The students flourish in this peaceful environment where they are accepted, known and supported, which extends outside of the classroom.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$440,266$297,009▼ $143,257
Savings and Temporary Cash Investments-$65,701-
Cash and Non-Interest-Bearing Accounts$31,071$32,689▲ $1,618
Accounts Receivable$2,608$0▼ $2,608
Receivables From Officers Etc-$160-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$473,945$395,559▼ $78,386
Other Assets Total-$0-
Liabilities
Other Liabilities$51,591--
Accounts Payable and Accrued Expenses$5,200$5,200→ $0
Total Liabilities$56,791$5,200▼ $51,591
Net Assets / Fund Balance
Net Assets With Donor Restrictions$355,040$297,705▼ $57,335
Net Assets Without Donor Restrictions$62,114$92,654▲ $30,540
Total Net Assets Fund Balance$417,154$390,359▼ $26,795
Total Liabilities and Net Assets / Fund Balance$473,945$395,559▼ $78,386

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$218,837$38,618$257,455
Land$72,545-$72,545
Equipment$5,627$37,373$43,000
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Mary Catherine HildrethPresidentFT$72,400$72,400

Board Members and Trustees

NameTitle
Dain DulaneyChairman
Allison HickmanBoard Member
Edson MunekataBoard Member
Ellen LeitchBoard Member
Gina ElamBoard Member
Leslie HelmsBoard Member
Mike GutowskiBoard Member
Pender MurphyBoard Member
Mary GutowskiBoard Secretary
Roschelle RossBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$599,606
Program Service Revenue
$0
Investment Income
$3
Other Revenue
$0
All Other Contributions
$599,606
Change in Net Assets
$-26,795
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$359,265
Salaries, Compensation, and Employee Benefits$267,139
Total Fundraising Expense$20,181
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$96,639$33,613$9,804$140,056
Depreciation Depletion$51,172$17,799$5,191$74,162
Current Officers, Directors, Trustees, and Key Employees-$72,400-$72,400
All Other Expenses$59,751$4,655$1,358$65,764
Occupancy$26,456$26,455-$52,911
Other Employee Benefits$24,966$8,684$2,533$36,183
Other Expenses$22,696$28,667-$22,696
Payroll Taxes$12,765$4,440$1,295$18,500
Fees for Services Other-$2,052-$2,052
Fees for Services Legal-$915-$915
Information Technology$722--$722
Total Functional Expenses$406,543$199,680$20,181$626,404
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$160-
Receivables from Disqualified Persons-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Mike Gutowski and Mary Gutowski are married.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The 990 was distributed to all Board members for review and comment prior to filing. All appropriate comments or changes received were incorporated into this filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“All parties are required to report any potential conflicts. The organization will require annual reporting to either confirm that no conflict exists or to report any potential conflicts.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The organization will review the President's compensation in light of comparability data for similar organizations.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Available upon request.”

Filing and Contact Details

Filer

Filer Name
Nest Academy Inc
EIN
81-3637711
Phone
9802884163
Address
6824 Democracy Drive, Charlotte, NC 28212

Signing Officer

Name
Mary Catherine Hildreth
Title
President
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Catherine Hildreth
Formed
2016
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
11
Volunteers
40

Preparer

Firm
C DeWitt Foard & Co PA
Address
817 E Morehead St Ste 100, Charlotte, NC 28202
Preparer
Terry W Lancaster
Phone
7043721515
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

“Business Development: Column (A) - Total = $16974; Column (B) - Program Services = $11712; Column (C) - Management & General = $4074; Column (D) - Fundraising = $1188”

Form 990, Part IX, Line 24E: Other Expenses

“Field Trips: Column (A) - Total = $21717; Column (B) - Program Services = $21717; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Other: Column (A) - Total = $2424; Column (B) - Program Services = $1673; Column (C) - Management & General = $581; Column (D) - Fundraising = $170”

Form 990, Part IX, Line 24E: Other Expenses

“Tutoring: Column (A) - Total = $464; Column (B) - Program Services = $464; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Uniforms: Column (A) - Total = $10385; Column (B) - Program Services = $10385; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Van: Column (A) - Total = $13800; Column (B) - Program Services = $13800; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

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IRS990/LandBldgEquipBasisNetGrp/EOYAmt0297009
IRS990/LandBldgEquipCostOrOtherBssAmt0373000
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0The Nest Academy is a small, trauma-informed, private school in Charlotte, North Carolina with a mission to change the lives of refugee and underprivileged students to become confident, educated, and successful first generation high school graduates. The Nest Academy offers students an individualized education plan in a small, safe and supportive environment through highly trained teachers, volunteers and mentors. The students flourish in this peaceful environment where they are accepted, known and supported, which extends outside of the classroom.
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IRS990/OccupancyGrp/TotalAmt052911
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08684
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024966
IRS990/OtherEmployeeBenefitsGrp/TotalAmt036183
IRS990/OtherExpensesGrp/Desc0Lease termination fee
IRS990/OtherExpensesGrp/Desc1Classroom
IRS990/OtherExpensesGrp/Desc2Food
IRS990/OtherExpensesGrp/Desc3Supplies
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt028667
IRS990/OtherExpensesGrp/ProgramServicesAmt028668
IRS990/OtherExpensesGrp/ProgramServicesAmt149116
IRS990/OtherExpensesGrp/ProgramServicesAmt233592
IRS990/OtherExpensesGrp/ProgramServicesAmt322696
IRS990/OtherExpensesGrp/TotalAmt057335
IRS990/OtherExpensesGrp/TotalAmt149116
IRS990/OtherExpensesGrp/TotalAmt233592
IRS990/OtherExpensesGrp/TotalAmt322696
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt09804
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt096639
IRS990/OtherSalariesAndWagesGrp/TotalAmt0140056
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IRS990/PayrollTaxesGrp/FundraisingAmt01295
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04440
IRS990/PayrollTaxesGrp/ProgramServicesAmt012765
IRS990/PayrollTaxesGrp/TotalAmt018500
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Mary Catherine Hildreth
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0160
IRS990/ReconcilationRevenueExpnssAmt0-26795
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt038618
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0257455
IRS990ScheduleD/EquipmentGrp/BookValueAmt05627
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037373
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt043000
IRS990ScheduleD/LandGrp/BookValueAmt072545
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt072545
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0297009
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The policy was printed in the August 2017 Charlotte Observer.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Mike Gutowski and Mary Gutowski are married.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 was distributed to all Board members for review and comment prior to filing. All appropriate comments or changes received were incorporated into this filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All parties are required to report any potential conflicts. The organization will require annual reporting to either confirm that no conflict exists or to report any potential conflicts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization will review the President's compensation in light of comparability data for similar organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Business Development: Column (A) - Total = $16974; Column (B) - Program Services = $11712; Column (C) - Management & General = $4074; Column (D) - Fundraising = $1188
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Field Trips: Column (A) - Total = $21717; Column (B) - Program Services = $21717; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Other: Column (A) - Total = $2424; Column (B) - Program Services = $1673; Column (C) - Management & General = $581; Column (D) - Fundraising = $170
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Tutoring: Column (A) - Total = $464; Column (B) - Program Services = $464; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Uniforms: Column (A) - Total = $10385; Column (B) - Program Services = $10385; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Van: Column (A) - Total = $13800; Column (B) - Program Services = $13800; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e: Other Expenses
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0473945
IRS990/TotalAssetsEOYAmt0395559
IRS990/TotalAssetsGrp/BOYAmt0473945
IRS990/TotalAssetsGrp/EOYAmt0395559
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0599606

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$395,559
Liabilities
$5,200
Net assets
$390,359
Revenue
$599,609
Expenses
$626,404
Net income
-$26,795
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.10$0.01$1.09$1.16$0.85$0.31
2023Detailed filing. Detailed filing data is available for this year.$0.79$0.01$0.78$0.79$0.80$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.80$0.01$0.79$1.00$0.59$0.40
2021Detailed filing. Detailed filing data is available for this year.$0.40$0.01$0.39$0.60$0.63$0.03
2019Summary only. Only limited summary data is available for this year.$0.62$0.04$0.58$0.43$0.43$0.00
2018Summary only. Only limited summary data is available for this year.$0.63$0.06$0.57$0.37$0.45$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.72$0.08$0.65$1.07$0.45$0.62
2016Summary only. Only limited summary data is available for this year.$0.04$0.01$0.03$0.18$0.16$0.03