Civic Intelligence

Shumway Academy Ltd.

990 • Fiscal year 2023 • EIN 82-0533885

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

Organization ProfileSHUMWAYACADEMY.COM
3055 North 125 EastRexburg, ID 83440

(208) 390-2225

Siviq Scores

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

Liabilities / Assets

90th percentile

0.48x

Higher debt load relative to assets than 90% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

0.28x

Higher debt load relative to revenue than 89% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

74th percentile

21%

Higher net margin than 74% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$53,083

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 13.6% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

84th percentile

44%

Faster asset growth than 84% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

72nd percentile

29%

Faster revenue growth than 72% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$230,879

Up $70,724 (+44%) from 2022

Net Assets

Up

$120,229

Up $80,645 (+204%) from 2022

Liabilities

Down

$110,650

Down $9,921 (-8.2%) from 2022

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin74th percentile

Revenue

Up

$390,670

Up $88,516 (+29%) from 2022

Expenses

Down

$310,025

Down $27,713 (-8.2%) from 2022

Net Income

Up

$80,645

Up $116,229 (+327%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$300K$200K$100K$0Assets 2017: $15,599Net Assets 2017: $15,5992017Assets 2018: $24,556Net Assets 2018: $24,5562018Assets 2019: $39,811Liabilities 2019: $2,431Net Assets 2019: $37,3802019Assets 2020: $43,909Liabilities 2020: $1,768Net Assets 2020: $42,1412020Assets 2021: $140,463Liabilities 2021: $65,295Net Assets 2021: $75,1682021Assets 2022: $160,155Liabilities 2022: $120,571Net Assets 2022: $39,5842022Assets 2023: $230,879Liabilities 2023: $110,650Net Assets 2023: $120,2292023Assets 2024: $265,508Liabilities 2024: $106,188Net Assets 2024: $159,3202024

Highlighted filing

2023

Assets$230,879
Liabilities$110,650
Net Assets$120,229
Open 2023 Filing

Operations Trend

Revenue Growth72nd percentile

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

$600K$400K$200K$0-$200KRevenue 2017: $86,164Expenses 2017: $72,679Net Income 2017: $13,4852017Revenue 2018: $106,191Expenses 2018: $97,234Net Income 2018: $8,9572018Revenue 2019: $179,602Expenses 2019: $166,777Net Income 2019: $12,8252019Revenue 2020: $193,696Expenses 2020: $188,935Net Income 2020: $4,7612020Revenue 2021: $281,923Expenses 2021: $248,896Net Income 2021: $33,0272021Revenue 2022: $302,154Expenses 2022: $337,738Net Income 2022: -$35,5842022Revenue 2023: $390,670Expenses 2023: $310,025Net Income 2023: $80,6452023Revenue 2024: $408,513Expenses 2024: $369,422Net Income 2024: $39,0912024

Highlighted filing

2023

Revenue$390,670
Expenses$310,025
Net Income$80,645
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.0
Gross Receipts
$390,670
Mission and Program Overview

Mission

To operate and maintain a private school in madison county idaho.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$101,042-
Land, Buildings, and Equipment, Net$106,539$100,576▼ $5,963
Cash and Non-Interest-Bearing Accounts$53,616$29,261▼ $24,355
Total Assets$160,155$230,879▲ $70,724
Liabilities
Unsecured Notes Loans Payable$114,354$100,719▼ $13,635
Accounts Payable and Accrued Expenses$6,217$9,931▲ $3,714
Total Liabilities$120,571$110,650▼ $9,921
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$39,584$120,229▲ $80,645
Total Net Assets Fund Balance$39,584$120,229▲ $80,645
Total Liabilities and Net Assets / Fund Balance$160,155$230,879▲ $70,724

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$99,728$13,172$112,900
Equipment$848$742$1,590
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Gina BoothDirectorFT$53,083$53,083

Board Members and Trustees

NameTitle
Lacey StoddardPresident
Hollie AndersonDirector
Katie AllenDirector
Delores BirchVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$390,628
Investment Income
$42
Other Revenue
$0
Change in Net Assets
$80,645
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$237,564
Other Expenses$72,461
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$167,120--$167,120
Current Officers, Directors, Trustees, and Key Employees-$53,083-$53,083
Payroll Taxes$13,300$4,061-$17,361
Depreciation Depletion$5,963--$5,963
Interest-$5,380-$5,380
Office Expenses-$4,178-$4,178
Fees for Services Accounting-$2,714-$2,714
Other Expenses$2,464--$2,464
Insurance$1,412--$1,412
All Other Expenses$1,031--$1,031
Total Functional Expenses$240,609$69,416$0$310,025
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
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 6

“MEMBERS”

Form 990, Page 6, Part VI, Line 7A

“When there is an opening on the board a committee of board members submitts names of potential board members, then the board votes and approves that person or persons as a board member.”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“The governing documents and 990 are made available to the public upon request to one of the board members.”

Filing and Contact Details

Filer

Filer Name
Shumway Academy Ltd
EIN
82-0533885
Phone
2083902225
Address
3055 NORTH 125 EAST, REXBURG, ID 83440

Signing Officer

Name
Gina Booth
Title
Director
Phone
2083902225
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lacey Stoddard
Legal Domicile
Id
Voting Board Members
5
Independent Board Members
5
Employees
21

Preparer

Firm
Sutton & Simmons Pllc
Address
39 PROFESSIONAL PLAZA, REXBURG, ID 83440-2024
Preparer
Melanee Sutton
Phone
2083563452
Raw XML Appendix313 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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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200561324
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SUTTON & SIMMONS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt039 PROFESSIONAL PLAZA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0REXBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ID
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0834402024
ReturnHeader/PreparerPersonGrp/PhoneNum02083563452
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MELANEE SUTTON
ReturnHeader/ReturnTs02024-11-15T11:23:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$230,879
Liabilities
$110,650
Net assets
$120,229
Revenue
$390,670
Expenses
$310,025
Net income
$80,645
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.66$1.06$1.59$4.09$3.69$0.39
2023Detailed filing. Detailed filing data is available for this year.$2.31$1.11$1.20$3.91$3.10$0.81
2022Detailed filing. Detailed filing data is available for this year.$1.60$1.21$0.40$3.02$3.38$0.36
2021Detailed filing. Detailed filing data is available for this year.$1.40$0.65$0.75$2.82$2.49$0.33
2020Detailed filing. Detailed filing data is available for this year.$0.44$0.02$0.42$1.94$1.89$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.40$0.02$0.37$1.80$1.67$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.25$0.25$1.06$0.97$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.16$0.16$0.86$0.73$0.13