Civic Intelligence

Asheboro Hybrid Academy Corporation

EIN 82-4710173 • 501(c)3 • Asheboro, NC

Profile

To partner with families as they raise the next generation to impact the world for christ by providing support, accountability, and high quality education.

4751 Dunbar Bridge RdAsheboro, NC 27205

www.asheborohybridacademy.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

86th percentile

0.61x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.11x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

26th percentile

-6.8%

Higher net margin than 26% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

44th percentile

$28,040

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

83rd percentile

27%

Faster asset growth than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

22%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$237,878

Up $49,962 (+27%) from 2023

Liabilities

Up

$144,132

Up $144,132 from 2023

Net Assets

Down

$93,746

Down $94,170 (-50%) from 2023

Operations
Liabilities / Revenue57th percentileNet Margin26th percentile

Revenue

Up

$1,279,879

Up $228,132 (+22%) from 2023

Expenses

Up

$1,366,777

Up $407,919 (+43%) from 2023

Net Income

Down

-$86,898

Down $179,787 (-194%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth83rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2022: $95,027Liabilities 2022: $0Net Assets 2022: $95,0272022Assets 2023: $187,916Liabilities 2023: $0Net Assets 2023: $187,9162023Assets 2024: $237,878Liabilities 2024: $144,132Net Assets 2024: $93,7462024

Highlighted filing

2024

Assets$237,878
Liabilities$144,132
Net Assets$93,746
Open 2024 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2022: $101,446Expenses 2022: $187,155Net Income 2022: -$85,7092022Revenue 2023: $1,051,747Expenses 2023: $958,858Net Income 2023: $92,8892023Revenue 2024: $1,279,879Expenses 2024: $1,366,777Net Income 2024: -$86,8982024

Highlighted filing

2024

Revenue$1,279,879
Expenses$1,366,777
Net Income-$86,898
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$237,878
Liabilities
$144,132
Net assets
$93,746
Revenue
$1,279,879
Expenses
$1,366,777
Net income
-$86,898
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.24$0.14$0.09$1.28$1.37$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$1.05$0.96$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.10$0.19$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 26, 2025
Return Version
2024v5.1
Gross Receipts
$1,279,879
Mission and Program Overview

Mission

To partner with families as they raise the next generation to impact the world for christ by providing support, accountability, and high quality education.

EDUCATION

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets-$88,624-
Cash and Non-Interest-Bearing Accounts$174,445$88,478▼ $85,967
Land, Buildings, and Equipment, Net$4,861$38,851▲ $33,990
Accounts Receivable$8,610$21,925▲ $13,315
Total Assets$187,916$237,878▲ $49,962
Liabilities
Other Liabilities-$106,681-
Accounts Payable and Accrued Expenses-$37,451-
Total Liabilities$0$144,132▲ $144,132
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$187,916$93,746▼ $94,170
Total Net Assets Fund Balance$187,916$93,746▼ $94,170
Total Liabilities and Net Assets / Fund Balance$187,916$237,878▲ $49,962

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$38,851$18,288-
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Nena ConnerDirectorFT$28,040$28,040
Revenue and Support

Revenue Composition

Contributions and Grants
$656,691
Program Service Revenue
$623,188
Investment Income
$0
Other Revenue
$0
All Other Contributions
$29,827
Change in Net Assets
$-86,898
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$811,598
Other Expenses$555,179
Total Fundraising Expense$20,422
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$642,303$74,483-$716,786
Occupancy$123,508$14,073$3,150$140,731
Payroll Taxes$60,095$6,677-$66,772
Current Officers, Directors, Trustees, and Key Employees$28,040--$28,040
Office Expenses$19,084$2,232$1,116$22,432
Information Technology$14,146$1,664$832$16,642
Other Expenses$284,694$5,818$14,431$14,431
Depreciation Depletion$9,418$1,108$554$11,080
Fees for Services Accounting-$7,390-$7,390
Insurance$5,394$635$317$6,346
Fees for Services Legal-$4,000-$4,000
Interest-$1,420-$1,420
Travel$643$72-$715
Total Functional Expenses$1,226,351$120,004$20,422$1,366,777
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Building Upgrades$30,038$30,038-$30,038
Total Events$30,038$30,038-$30,038
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability - Lt$57,693
Lease Liability - Current$32,382
Note Payable$16,606
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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
No
Management duties delegated
No

Governance Explanations

Part VI Line 11B

“Board members and preparer reviewed prior to filing”

Part VI Line 19

“UPON REQUEST”

Part VI Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Asheboro Hybrid Academy Corporation
EIN
82-4710173
In Care Of
% NENA CONNER
Phone
3368572108
Address
4751 DUNBAR BRIDGE RD, ASHEBORO, NC 27205

Signing Officer

Name
Nena Conner
Title
Director
Phone
3366280077
Signed
2025-06-26
Discuss with paid preparer
No

Organization Details

Principal Officer
Nena Conner
Formed
2022
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
61

Preparer

Firm
Jamie Thornburg CPA PLLC
Address
350 N Cox Street, Suite 25, Asheboro, NC 27203
Preparer
Jamie Thornburg
Phone
3366280077
Supplemental Narrative

Additional Explanations

Part XI Line 10

“THE $7,272 REPORTED ON Line 10 REPRESENTS AN ACCRUAL ADJUSTMENT”

Part XI Line 10

“Related to increased liabilities at year-end. These liabilities”

Part XI Line 10

“Were recorded in accordance with the accrual basis of accounting”

Part XI Line 10

“But were not included in the expenses reported in part ix. This”

Part XI Line 10

“Adjustment reconciles the change in net assets between the”

Part XI Line 10

“Financial statements and form 990 reporting.”

Raw XML Appendix353 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE $7,272 REPORTED ON Line 10 REPRESENTS AN ACCRUAL ADJUSTMENT
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IRS990/TotalProgramServiceExpensesAmt01226351
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IRS990/TotalReportableCompFromOrgAmt028040
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0623188
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01279879
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0237878
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TravelGrp/TotalAmt0715
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IRS990/VotingMembersGoverningBodyCnt06
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0NENA CONNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03366280077
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASHEBORO HYBRID ACADEMY CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0ASHE
ReturnHeader/Filer/EIN0824710173
ReturnHeader/Filer/InCareOfNm0% NENA CONNER
ReturnHeader/Filer/PhoneNum03368572108
ReturnHeader/Filer/USAddress/AddressLine1Txt04751 DUNBAR BRIDGE RD
ReturnHeader/Filer/USAddress/CityNm0ASHEBORO
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0873531849
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jamie Thornburg CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0350 N Cox Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0Suite 25
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Asheboro
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027203
ReturnHeader/PreparerPersonGrp/PhoneNum03366280077
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMIE THORNBURG
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-06-26T09:30:13-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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