Civic Intelligence

Potomac Academy Corp

EIN 87-1348785 • 501(c)3 • Great Falls, VA

Profile

To educate young students by providing training and hands-on experiences in business skills, entrepreneurship, and leadership development, with the goal of preparing them to become innovative, responsible, and effective leaders in their communities.

9200 Vernon DrGreat Falls, VA 22066
Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

96th percentile

83%

Higher net margin than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

$261,363

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$261,363

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue62nd percentileNet Margin96th percentile

Revenue

$218,705

No earlier filing loaded for comparison.

Expenses

$37,192

No earlier filing loaded for comparison.

Net Income

$181,513

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$300K$200K$100K$0Assets 2024: $261,363Liabilities 2024: $0Net Assets 2024: $261,3632024

Highlighted filing

2024

Assets$261,363
Liabilities$0
Net Assets$261,363
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0Revenue 2024: $218,705Expenses 2024: $37,192Net Income 2024: $181,5132024

Highlighted filing

2024

Revenue$218,705
Expenses$37,192
Net Income$181,513
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$261,363
Liabilities
$0
Net assets
$261,363
Revenue
$218,705
Expenses
$37,192
Net income
$181,513
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.61$0.00$2.61$2.19$0.37$1.82
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 16, 2025
Return Version
2024v5.2
Gross Receipts
$218,705
Mission and Program Overview

Mission

To educate young students by providing training and hands-on experiences in business skills, entrepreneurship, and leadership development, with the goal of preparing them to become innovative, responsible, and effective leaders in their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$79,850$261,363▲ $181,513
Total Assets$79,850$261,363▲ $181,513
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$79,850$261,363▲ $181,513
Total Net Assets Fund Balance$79,850$261,363▲ $181,513
Total Liabilities and Net Assets / Fund Balance$79,850$261,363▲ $181,513
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Jasper LiDirector
Leo LiaoDirector
Iche ChiuExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$218,705
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$218,705
Change in Net Assets
$181,513
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$37,192
Total Fundraising Expense$1,550
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$11,790$4,750-$16,540
Other Expenses$9,850--$9,850
Information Technology$4,799--$4,799
Occupancy$3,778--$3,778
Conferences and Meetings$675-$675$1,350
Advertising--$875$875
Total Functional Expenses$30,892$4,750$1,550$37,192
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
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 governing body review Part VI line 11

“Form 990 is provided to governing body for review before filing.”

Conflict of interest policy compliance Part VI line 12C

“Conflict of interest policy is in place.”

Governing documents etc available to public Part VI line 19

“Upon request”

Filing and Contact Details

Filer

Filer Name
Potomac Academy Corp
EIN
87-1348785
In Care Of
% Iche Chiu
Phone
2027700600
Address
9200 VERNON DR, Great Falls, VA 22066

Signing Officer

Name
Iche Chiu
Title
Executive Director
Phone
2027700600
Signed
2025-08-16
Discuss with paid preparer
No

Organization Details

Principal Officer
Iche Chiu
Formed
2021
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
MyAdvisor360
Address
1775 Tysons Blvd STE 500, Mc Lean, VA 22102
Preparer
Iche Chiu
Phone
7079991036
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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