Civic Intelligence

Ascend Leadership Academy Inc.

990 • Fiscal year 2020 • EIN 82-2660338

Jul 01, 2019 to Jun 30, 2020 • Filed on May 03, 2021

Organization ProfileWWW.ASCENDLEADERSHIPACADEMY.ORG

View Organization Page

283 Harvey Faulk RoadSanford, NC 27332

(919) 842-5411

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.29x

Higher debt load relative to assets than 63% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

32nd percentile

0.03x

Higher debt load relative to revenue than 32% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Net Margin

57th percentile

6.9%

Higher net margin than 57% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

53rd percentile

$71,419

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Asset Growth

96th percentile

261%

Faster asset growth than 96% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

93rd percentile

103%

Faster revenue growth than 93% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$312,260

Up $225,717 (+261%) from 2019

Net Assets

Up

$221,709

Up $180,420 (+437%) from 2019

Liabilities

Up

$90,551

Up $45,297 (+100%) from 2019

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin57th percentile

Revenue

Up

$2,604,009

Up $1,324,061 (+103%) from 2019

Expenses

Up

$2,423,589

Up $1,184,930 (+96%) from 2019

Net Income

Up

$180,420

Up $139,131 (+337%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$30M$20M$10M$0-$10MAssets 2019: $86,543Liabilities 2019: $45,254Net Assets 2019: $41,2892019Assets 2020: $312,260Liabilities 2020: $90,551Net Assets 2020: $221,7092020Assets 2021: $703,081Liabilities 2021: $148,002Net Assets 2021: $555,0792021Assets 2022: $19,652,190Liabilities 2022: $20,102,650Net Assets 2022: -$450,4602022Assets 2023: $18,270,247Liabilities 2023: $19,315,345Net Assets 2023: -$1,045,0982023Assets 2024: $17,842,608Liabilities 2024: $19,326,789Net Assets 2024: -$1,484,1812024

Highlighted filing

2020

Assets$312,260
Liabilities$90,551
Net Assets$221,709
Open 2020 Filing

Operations Trend

Revenue Growth93rd percentile

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

$10M$5.0M$0-$5.0MRevenue 2019: $1,279,948Expenses 2019: $1,238,659Net Income 2019: $41,2892019Revenue 2020: $2,604,009Expenses 2020: $2,423,589Net Income 2020: $180,4202020Revenue 2021: $3,683,299Expenses 2021: $3,349,929Net Income 2021: $333,3702021Revenue 2022: $5,113,619Expenses 2022: $6,119,158Net Income 2022: -$1,005,5392022Revenue 2023: $6,306,450Expenses 2023: $6,901,088Net Income 2023: -$594,6382023Revenue 2024: $6,995,135Expenses 2024: $7,434,218Net Income 2024: -$439,0832024

Highlighted filing

2020

Revenue$2,604,009
Expenses$2,423,589
Net Income$180,420
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 3, 2021
Return Version
2019v5.2
Gross Receipts
$2,604,009
Mission and Program Overview

Mission

Our mission is to develop successful student leaders by growing their self-efficacy, intellectual understanding, and social competence. Ala will accomplish this by applying innovative teaching methods, incorporating student cultural realities, and cultivating student ownership in the learning community.

Ascend leadership academy seeks to develop successful student leaders by growing their self-efficacy, intellectual understanding, and social competence. Ala will accomplish this by applying innovative teaching methods, incorporating student cultural realities, and cultivating student ownership in the learning community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$81,543$258,547▲ $177,004
Rtn Earn Endowment Incm Other Fnds$36,289$181,161▲ $144,872
Land, Buildings, and Equipment, Net$5,000$40,548▲ $35,548
Pd in Cap Srpls Land Bldg Eqp Fund$5,000$40,548▲ $35,548
Accounts Receivable-$12,781-
Prepaid Expenses and Deferred Charges-$384-
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$86,543$312,260▲ $225,717
Liabilities
Accounts Payable and Accrued Expenses$45,254$90,551▲ $45,297
Total Liabilities$45,254$90,551▲ $45,297
Net Assets / Fund Balance
Total Net Assets Fund Balance$41,289$221,709▲ $180,420
Total Liabilities and Net Assets / Fund Balance$86,543$312,260▲ $225,717

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,187$2,438-
Equipment$29,361$2,460-
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Justin SmithManaging DirectorFT$71,419$71,419

Board Members and Trustees

NameTitle
Steven GatlinBoard Chair
Anna FonkeVice Chair
Tina FoxAt-large Board Member
Laurell MaloneBoard Member
Brindy GrindleSecretary
Ebony ArringtonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,584,064
Program Service Revenue
$19,945
Investment Income
$0
Other Revenue
$0
All Other Contributions
$23,262
Change in Net Assets
$180,420

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,604,009
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,604,009
Total Revenue per Form 990
$2,604,009
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,423,589
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$851,475--$851,475
Total Functional Expenses$2,423,589$0$0$2,423,589

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,423,589
Total Expenses per Audited Statements$2,423,589
Total Expenses per Form 990$2,423,589
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Annual disclosure for covered persons
Yes
Audit committee
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, Section A, Line 7A

“This is managed through the voting process at board meetings and documented in the minutes.”

Form 990, Part VI, Section B, Line 11B

“A draft copy of the 990 return was provided to the board of directors for review.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest policies are reviewed at board meetings and documented in the minutes.”

Form 990, Part VI, Section B, Line 15A

“Compensation is determined through the voting process at board meetings and documented in the minutes.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available for public inspection at the organization's office upon request. Organization staff are available to provide supervision and answer any questions the inquiring party may have.”

Filing and Contact Details

Filer

Filer Name
Ascend Leadership Academy
EIN
82-2660338
Phone
9198425411
Address
283 HARVEY FAULK ROAD, SANFORD, NC 27332

Signing Officer

Name
Justin T Smith
Title
Managing Director
Phone
9198425411
Signed
2021-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin T Smith
Formed
2016
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
54
Volunteers
0

Preparer

Firm
Potter & Company Pa
Address
434 COPPERFIELD BLVD NE STE A, CONCORD, NC 28025
Preparer
Kenni E Doyle CPA
Phone
7047868189
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The school has adopted asc 740-10 as it relates to uncertain tax positions for the year ended june 30, 2020, and has evaluated its tax positions taken for all open tax years. However, the school is not currently under audit nor has the school been contacted by the internal revenue service. Based on the evaluation of the school's tax positions, management believes all positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the year ended june 30, 2020.”

Raw XML Appendix368 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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IRS990/ActivityOrMissionDesc0ASCEND LEADERSHIP ACADEMY SEEKS TO DEVELOP SUCCESSFUL STUDENT LEADERS BY GROWING THEIR SELF-EFFICACY, INTELLECTUAL UNDERSTANDING, AND SOCIAL COMPETENCE. ALA WILL ACCOMPLISH THIS BY APPLYING INNOVATIVE TEACHING METHODS, INCORPORATING STUDENT CULTURAL REALITIES, AND CULTIVATING STUDENT OWNERSHIP IN THE LEARNING COMMUNITY.
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IRS990/MissionDesc0OUR MISSION IS TO DEVELOP SUCCESSFUL STUDENT LEADERS BY GROWING THEIR SELF-EFFICACY, INTELLECTUAL UNDERSTANDING, AND SOCIAL COMPETENCE. ALA WILL ACCOMPLISH THIS BY APPLYING INNOVATIVE TEACHING METHODS, INCORPORATING STUDENT CULTURAL REALITIES, AND CULTIVATING STUDENT OWNERSHIP IN THE LEARNING COMMUNITY.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS ADOPTED ASC 740-10 AS IT RELATES TO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2020, AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. HOWEVER, THE SCHOOL IS NOT CURRENTLY UNDER AUDIT NOR HAS THE SCHOOL BEEN CONTACTED BY THE INTERNAL REVENUE SERVICE. BASED ON THE EVALUATION OF THE SCHOOL'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED JUNE 30, 2020.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ASCEND LEADERSHIP ACADEMY'S EDUCATION PROGRAM IS PUBLICIZED ORALLY AT OPEN HOUSES, INCLUDED IN WRITTEN EDUCATION BROCHURES, AND POSTED ON THE SCHOOL'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS IS MANAGED THROUGH THE VOTING PROCESS AT BOARD MEETINGS AND DOCUMENTED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT COPY OF THE 990 RETURN WAS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICIES ARE REVIEWED AT BOARD MEETINGS AND DOCUMENTED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS DETERMINED THROUGH THE VOTING PROCESS AT BOARD MEETINGS AND DOCUMENTED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE UPON REQUEST. ORGANIZATION STAFF ARE AVAILABLE TO PROVIDE SUPERVISION AND ANSWER ANY QUESTIONS THE INQUIRING PARTY MAY HAVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.ASCENDLEADERSHIPACADEMY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN T SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGING DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09198425411
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASCEND LEADERSHIP ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0ASCE
ReturnHeader/Filer/EIN0822660338
ReturnHeader/Filer/PhoneNum09198425411
ReturnHeader/Filer/USAddress/AddressLine1Txt0283 HARVEY FAULK ROAD
ReturnHeader/Filer/USAddress/CityNm0SANFORD
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561220683
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0POTTER & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0434 COPPERFIELD BLVD NE STE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CONCORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028025
ReturnHeader/PreparerPersonGrp/PhoneNum07047868189
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNI E DOYLE CPA
ReturnHeader/ReturnTs02021-05-07T11:55:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$312,260
Liabilities
$90,551
Net assets
$221,709
Revenue
$2,604,009
Expenses
$2,423,589
Net income
$180,420
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.8$19.3$1.48$7.00$7.43$0.44
2023Detailed filing. Detailed filing data is available for this year.$18.3$19.3$1.05$6.31$6.90$0.59
2022Detailed filing. Detailed filing data is available for this year.$19.7$20.1$0.45$5.11$6.12$1.01
2021Detailed filing. Detailed filing data is available for this year.$0.70$0.15$0.56$3.68$3.35$0.33
2020Detailed filing. Detailed filing data is available for this year.$0.31$0.09$0.22$2.60$2.42$0.18
2019Detailed filing. Detailed filing data is available for this year.$0.09$0.05$0.04$1.28$1.24$0.04