Civic Intelligence

Butler Academy

990 • Fiscal year 2024 • EIN 83-1745991

Jul 01, 2023 to Jun 30, 2024 • Filed on May 15, 2025

710 S 5th StreetHartsville, SC 29550

(843) 858-2399

Siviq Scores

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

Liabilities / Assets

67th percentile

0.28x

Higher debt load relative to assets than 67% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

37th percentile

0.09x

Higher debt load relative to revenue than 37% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

45th percentile

2.3%

Higher net margin than 45% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

56th percentile

$142,786

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

32nd percentile

-0.4%

Faster asset growth than 32% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

22%

Faster revenue growth than 69% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,745,879

Down $6,186 (-0.4%) from 2023

Net Assets

Up

$1,256,372

Up $125,794 (+11%) from 2023

Liabilities

Down

$489,507

Down $131,980 (-21%) from 2023

Revenue

Up

$5,423,580

Up $963,491 (+22%) from 2023

Expenses

Up

$5,297,788

Up $541,225 (+11%) from 2023

Net Income

Up

$125,792

Up $422,266 (+142%) from 2023

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2020: $594,943Liabilities 2020: $52,270Net Assets 2020: $542,6732020Assets 2021: $1,498,150Liabilities 2021: $384,911Net Assets 2021: $1,113,2392021Assets 2022: $1,753,977Liabilities 2022: $194,477Net Assets 2022: $1,559,5002022Assets 2023: $1,752,065Liabilities 2023: $621,487Net Assets 2023: $1,130,5782023Assets 2024: $1,745,879Liabilities 2024: $489,507Net Assets 2024: $1,256,3722024

Highlighted filing

2024

Assets$1,745,879
Liabilities$489,507
Net Assets$1,256,372

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $953,229Expenses 2020: $410,556Net Income 2020: $542,6732020Revenue 2021: $3,714,897Expenses 2021: $3,144,332Net Income 2021: $570,5652021Revenue 2022: $4,110,504Expenses 2022: $3,664,242Net Income 2022: $446,2622022Revenue 2023: $4,460,089Expenses 2023: $4,756,563Net Income 2023: -$296,4742023Revenue 2024: $5,423,580Expenses 2024: $5,297,788Net Income 2024: $125,7922024

Highlighted filing

2024

Revenue$5,423,580
Expenses$5,297,788
Net Income$125,792
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$5,423,580
Mission and Program Overview

Mission

Our mission is to create an enthusiastic culture of learning in which every student is expected and positioned to succeed academically. We realize this mission by emphasizing the social and emotional well-being of our students, families, and staff.

A tuition-free public charter school in hartsville, south carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,130,578$1,256,372▲ $125,794
Cash and Non-Interest-Bearing Accounts$1,238,261$845,293▼ $392,968
Land, Buildings, and Equipment, Net$434,355$563,458▲ $129,103
Pledges and Grants Receivable$33,677$284,786▲ $251,109
Prepaid Expenses and Deferred Charges$21,936$19,994▼ $1,942
Accounts Receivable-$8,898-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,752,065$1,745,879▼ $6,186
Other Assets Total$23,836$23,450▼ $386
Liabilities
Mortgage Notes Payable Secured by Investment Property$352,525$263,119▼ $89,406
Accounts Payable and Accrued Expenses$244,512$182,254▼ $62,258
Deferred Revenue$21,347$34,991▲ $13,644
Other Liabilities$3,103$9,143▲ $6,040
Total Liabilities$621,487$489,507▼ $131,980
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,130,578$1,256,372▲ $125,794
Total Liabilities and Net Assets / Fund Balance$1,752,065$1,745,879▼ $6,186

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$563,458$168,732$732,190
Other Land Buildings$0$6,750$6,750
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jerome ReyesPresidentFT$142,786$142,786

Board Members and Trustees

NameTitle
Kathryn FlahertyBoard Chair
Hanna Hoilett-friersonVice Chair
Amy MorrisBoard Member
Cian RobinsonBoard Member
Emilye MobleyBoard Member
Emory WatersBoard Member
Mark StellingworthBoard Member
Sam WilsonBoard Member
Scottie HillBoard Member
Marian Japitana BunnellSecretary
Dan BuryjTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,380,576
Program Service Revenue
$43,004
Investment Income
$0
Other Revenue
$0
All Other Contributions
$466,705
Change in Net Assets
$125,792

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,423,580
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,423,580
Total Revenue per Form 990
$5,423,580
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,259,462
Other Expenses$2,038,326
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,057,421$672,094-$2,729,515
Interest$460,123--$460,123
Other Employee Benefits$186,352$87,957-$274,309
Payroll Taxes$152,007$59,594-$211,601
Occupancy$207,822--$207,822
Fees for Services Other$181,441$1,456-$182,897
Information Technology$82,289$1,750-$84,039
Other Expenses$118,652$81,174-$81,174
Office Expenses-$76,675-$76,675
Depreciation Depletion-$62,839-$62,839
Fees for Services Accounting-$61,851-$61,851
All Other Expenses$47,377$10,443-$57,820
Pension Plan Contributions$27,999$16,038-$44,037
Fees for Services Management-$40,749-$40,749
Advertising-$30,419-$30,419
Insurance-$16,855-$16,855
Travel-$6,651-$6,651
Fees for Services Legal-$1,071-$1,071
Total Functional Expenses$3,909,429$1,388,359$0$5,297,788

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,883,884
Expenses per Audited Statements$5,297,786
Total Expenses per Form 990$5,297,786
Expenses Not Reported on Form 990$586,098
Expenses Not Reported on Financial Statements$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Other Governmental Agencies$9,143
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 2

Venesa reyes (cofounder and vice president of operations) is the spouse of jerome reyes (president and founder)

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

The 990 information return is reviewed and approved by the president and board of directors before return is filed.

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

The organization reviews the conflict of interest policy annually with officers, board of directors and key employees.

Form 990, Part VI, Section C, Line 19

The organizaton makes available its governing documents, conflict of interest policy, and financial statements to the public upon request.

Filing and Contact Details

Filer

Filer Name
Butler Academy
EIN
83-1745991
Phone
8438582399
Address
710 S 5TH STREET, HARTSVILLE, SC 29550

Signing Officer

Name
Dan Buryj
Title
Treasurer
Phone
8438582399
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerome Reyes
Formed
2018
Legal Domicile
Sc
Voting Board Members
11
Independent Board Members
11
Employees
72
Volunteers
0

Preparer

Firm
Martin Smith & Company Cpas Pa
Address
1212 HAYWOOD ROAD BLDG 100, GREENVILLE, SC 29615-2200
Preparer
Jason P Smith
Phone
8642321040
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The financial statements were prepared in accordance with governmental accounting standards, which does not require the adoption of fin 48.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Gasb adjustments not included in 990 586,098.

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IRS990/OtherSalariesAndWagesGrp/TotalAmt02729515
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt059594
IRS990/PayrollTaxesGrp/ProgramServicesAmt0152007
IRS990/PayrollTaxesGrp/TotalAmt0211601
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt016038
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt027999
IRS990/PensionPlanContributionsGrp/TotalAmt044037
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt033677
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0284786
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021936
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019994
IRS990/PrincipalOfficerNm0JEROME REYES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0PUPIL ACTIVITY
IRS990/ProgramServiceRevenueGrp/Desc1OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2SCHOOL LUNCH SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt039214
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11972
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21818
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt039214
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11972
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21818
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04403393
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01675721
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt056696
IRS990/PYRevenuesLessExpensesAmt0-296474
IRS990/PYSalariesCompEmpBnftPaidAmt03080842
IRS990/PYTotalExpensesAmt04756563
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04460089
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0125792
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt043004
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01130578
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01256372
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0563458
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0168732
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0732190
IRS990ScheduleD/ExpensesNotReportedAmt0586098
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05297786
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt0586098
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06750
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09143
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO OTHER GOVERNMENTAL AGENCIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05423580
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH GOVERNMENTAL ACCOUNTING STANDARDS, WHICH DOES NOT REQUIRE THE ADOPTION OF FIN 48.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GASB ADJUSTMENTS NOT INCLUDED IN 990 586,098.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0563458
IRS990ScheduleD/TotalExpensesPerForm990Amt05297786
IRS990ScheduleD/TotalLiabilityAmt09143
IRS990ScheduleD/TotalRevenuePerForm990Amt05423580
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05423580
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05883884
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE RACIALLY NONDISCRIMINATORY POLICY IS LISTED ON THE SCHOOL'S WEBSITE AND ALL PRINTED REGISTRATION FORMS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL DOES NOT PROVIDE SCHOLARSHIP OR FINANCIAL ASSISTANCE OF ANY KIND. THEREFORE, IT HAS NO RECORDS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVED APPROXIMATELY $3,284,000 FROM STATE AND FEDERAL GOVERNMENT SOURCES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VENESA REYES (COFOUNDER AND VICE PRESIDENT OF OPERATIONS) IS THE SPOUSE OF JEROME REYES (PRESIDENT AND FOUNDER)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 INFORMATION RETURN IS REVIEWED AND APPROVED BY THE PRESIDENT AND BOARD OF DIRECTORS BEFORE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY WITH OFFICERS, BOARD OF DIRECTORS AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATON MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
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 C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01752065
IRS990/TotalAssetsEOYAmt01745879
IRS990/TotalAssetsGrp/BOYAmt01752065
IRS990/TotalAssetsGrp/EOYAmt01745879
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05380576
IRS990/TotalEmployeeCnt072
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01388359
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03909429
IRS990/TotalFunctionalExpensesGrp/TotalAmt05297788
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0621487
IRS990/TotalLiabilitiesEOYAmt0489507
IRS990/TotalLiabilitiesGrp/BOYAmt0621487
IRS990/TotalLiabilitiesGrp/EOYAmt0489507

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