Civic Intelligence

Lh Education Inc.

990 • Fiscal year 2020 • EIN 82-4590877

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 26, 2021

129 Morrocroft LaneMooresville, NC 28117

(704) 609-5602

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

96th percentile

5.71x

Higher debt load relative to revenue than 96% of similar nonprofits.

2020 filings • NTEE P80 • <$500k nonprofits • Source year 2020

Net Margin

7th percentile

-169%

Higher net margin than 7% of similar nonprofits.

2020 filings • NTEE P80 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • NTEE P80 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Revenue Growth

34th percentile

-35%

Faster revenue growth than 34% of similar nonprofits.

2020 filings • NTEE P80 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Flat

$0

Flat from 2019

Net Assets

Down

-$857

Down $254 (-42%) from 2019

Liabilities

Up

$857

Up $254 (+42%) from 2019

Revenue

Down

$150

Down $82 (-35%) from 2019

Expenses

Up

$404

Up $172 (+74%) from 2019

Net Income

Down

-$254

Down $254 from 2019

Historical Trend

Balance Sheet Trend

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

$1.0K$500$0-$500-$1.0KAssets 2018: $0Liabilities 2018: $603Net Assets 2018: -$6032018Assets 2019: $0Liabilities 2019: $603Net Assets 2019: -$6032019Assets 2020: $0Liabilities 2020: $857Net Assets 2020: -$8572020Assets 2021: $0Liabilities 2021: $205Net Assets 2021: -$2052021Assets 2022: $0Liabilities 2022: $721Net Assets 2022: -$7212022Assets 2023: $0Liabilities 2023: $934Net Assets 2023: -$9342023Assets 2024: $0Liabilities 2024: $987Net Assets 2024: -$9872024

Highlighted filing

2020

Assets$0
Liabilities$857
Net Assets-$857

Operations Trend

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

$1.0K$500$0-$500-$1.0KRevenue 2018: $367Expenses 2018: $970Net Income 2018: -$6032018Revenue 2019: $232Expenses 2019: $232Net Income 2019: $02019Revenue 2020: $150Expenses 2020: $404Net Income 2020: -$2542020Revenue 2021: $1,000Expenses 2021: $348Net Income 2021: $6522021Revenue 2022: $69Expenses 2022: $585Net Income 2022: -$5162022Revenue 2023: $5Expenses 2023: $218Net Income 2023: -$2132023Revenue 2024: $7Expenses 2024: $60Net Income 2024: -$532024

Highlighted filing

2020

Revenue$150
Expenses$404
Net Income-$254
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 26, 2021
Return Version
2020v4.0
Gross Receipts
$150
Mission and Program Overview

Mission

Education

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$-603$-857▼ $254
Total Assets$0$0→ $0
Liabilities
Unsecured Notes Loans Payable$603$857▲ $254
Total Liabilities$603$857▲ $254
Net Assets / Fund Balance
Total Net Assets Fund Balance$-603$-857▼ $254
Total Liabilities and Net Assets / Fund Balance$0$0→ $0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lynn M HegedusDirector of Ed Svcs
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$150
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-254
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$404
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$404--$404
Total Functional Expenses$404$0$0$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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

Organization will have members

Member election for additional members Part VI line 7A

Members can elect additional members

Governing body decisions Part VI line 7B

Approved by a majority of members

Form 990 governing body review Part VI line 11

Form 990 is reviewed by governing body before filing

CEO executive director top management comp Part VI line 15A

Executive Director is not compensated

Other officer or key employee compensation Part VI line 15B

No officers are compensated

Governing documents etc available to public Part VI line 19

Documents are made available on request

Filing and Contact Details

Filer

Filer Name
LH Education Inc
EIN
82-4590877
Address
129 Morrocroft Lane, Mooresville, NC 28117

Signing Officer

Name
Lynn M Hegedus
Title
Director
Phone
7046095602
Signed
2021-02-26
Discuss with paid preparer
No

Organization Details

Principal Officer
Lynn M Hegedus
Formed
2018
Legal Domicile
Nc
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Robert Joyner CPA PLLC
Address
219 Williamson Road Ste 2202, Mooresville, NC 28117
Preparer
Robert Joyner
Phone
7046601961
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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/TaxPeriodBeginDt02020-01-01
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ReturnHeader/TaxYr02020

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