Civic Intelligence

Versademics Learning Centers

990EZ • Fiscal year 2022 • EIN 87-2049944

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 06, 2023

Organization ProfileVERSADEMICS.ORG
2107 Evans St Ste DGreenville, NC 27834

(252) 493-6243

Siviq Scores

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

Liabilities / Assets

89th percentile

0.47x

Higher debt load relative to assets than 89% of similar nonprofits.

2022 filings • NTEE B80 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

74th percentile

0.02x

Higher debt load relative to revenue than 74% of similar nonprofits.

2022 filings • NTEE B80 • <$500k nonprofits • Source year 2022

Net Margin

36th percentile

2.6%

Higher net margin than 36% of similar nonprofits.

2022 filings • NTEE B80 • <$500k nonprofits • Source year 2022

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

2022 filings • NTEE B80 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

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

Source year 2022

Revenue Growth

Score unavailable

No value available

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

Source year 2022

Balance Sheet
Liabilities / Assets89th percentile

Assets

$5,288

No earlier filing loaded for comparison.

Net Assets

$2,809

No earlier filing loaded for comparison.

Liabilities

$2,479

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin36th percentile

Revenue

$106,175

No earlier filing loaded for comparison.

Expenses

$103,366

No earlier filing loaded for comparison.

Net Income

$2,809

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$20K$15K$10K$5.0K$0-$5.0KAssets 2022: $5,288Liabilities 2022: $2,479Net Assets 2022: $2,8092022Assets 2024: $11,725Liabilities 2024: $15,667Net Assets 2024: -$3,9422024

Highlighted filing

2022

Assets$5,288
Liabilities$2,479
Net Assets$2,809
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$100K$0-$100KRevenue 2022: $106,175Expenses 2022: $103,366Net Income 2022: $2,8092022Revenue 2024: $190,795Expenses 2024: $197,184Net Income 2024: -$6,3892024

Highlighted filing

2022

Revenue$106,175
Expenses$103,366
Net Income$2,809
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 6, 2023
Return Version
2022v5.0
Gross Receipts
$106,175
Mission and Program Overview

Mission

SEE ATTACHMENT

Program Services

DescriptionGrantsExpenses
AFTER SCHOOL, TUTORING, SUMMER CAMP-$62,625
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DEREK COBB JRChairman-$0--
JULIE STANLEYVice Chairman-$0--
LEAUNDRA CLAYSecretary-$0--
KELLYN DENTONTreasurer-$0--
STAFFORD DANIELSBoard Member-$0--
JUMAIL BLOUNTBoard Members-$0--
SUSAN WALDOBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Versademics Learning Centers
EIN
87-2049944
Address
2107 EVANS ST STE D, GREENVILLE, NC 27834

Signing Officer

Name
Julie Stanley
Title
Vice Chairman
Phone
2524936243
Signed
2023-02-06
Discuss with paid preparer
No

Preparer

Firm
Murphy & Bunch CPAs PA
Address
107 Commerce St Ste A, Greenville, NC 27858
Preparer
Leslie Bunch
Phone
2523552653
Supplemental Narrative

Additional Explanations

General explanation attachment

“Primary exempt purpose: to provide opportunities for holistic growth & to contribute to the development of versatile scholars who will be well equipped to discover their talents and change our world”

Description of other revenue Part I line 8

“Description amountlate fees 465”

Description of other expenses Part I line 16

“Description amountadvertising 367field trips 2,068insurance 1,769summer camp 4,567other program supplies 7,927travel 4,291vehicle 8,261office 7,436”

Description of other assets Part II line 24

“Category beginning of year end of yearaccounts receivable 0 2,380”

Description of total liabilities Part II line 26

“Category beginning of year end of yearaccounts payable 0 2,479”

Raw XML Appendix164 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0FAITH LAM
IRS990EZ/BooksInCareOfDetail/PhoneNum02524936243
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt03107 EVANS ST STE D
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GREENVILLE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027834
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
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IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt05772
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt02809
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02170
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
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IRS990EZ/FundraisingGrossIncomeAmt05832
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IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/InitialReturnInd0X
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IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/NetAssetsOrFundBalancesEOYAmt02809
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
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IRS990EZ/OccupancyRentUtltsAndMaintAmt013023
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt62.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DEREK COBB JR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JULIE STANLEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2LEAUNDRA CLAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3KELLYN DENTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4STAFFORD DANIELS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5JUMAIL BLOUNT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6SUSAN WALDO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt02380
IRS990EZ/OtherExpensesTotalAmt036686
IRS990EZ/OtherRevenueTotalAmt0465
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0SEE ATTACHMENT
IRS990EZ/PrintingPublicationsPostageAmt0174
IRS990EZ/ProgramServiceRevenueAmt094106
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0AFTER SCHOOL, TUTORING, SUMMER CAMP
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt062625
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt051262
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsNetIncomeLossAmt05832
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt02479
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0103366
IRS990EZ/TotalProgramServiceExpensesAmt062625
IRS990EZ/TotalRevenueAmt0106175
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0VERSADEMICS.ORG
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05772
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05772
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt094106
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt06297
IRS990ScheduleA/OtherIncome170Grp/TotalAmt06297
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt05772
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05772
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05772
IRS990ScheduleA/TotalSupportAmt012069
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIMARY EXEMPT PURPOSE: TO PROVIDE OPPORTUNITIES FOR HOLISTIC GROWTH & TO CONTRIBUTE TO THE DEVELOPMENT OF VERSATILE SCHOLARS WHO WILL BE WELL EQUIPPED TO DISCOVER THEIR TALENTS AND CHANGE OUR WORLD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTLATE FEES 465
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION AMOUNTADVERTISING 367FIELD TRIPS 2,068INSURANCE 1,769SUMMER CAMP 4,567OTHER PROGRAM SUPPLIES 7,927TRAVEL 4,291VEHICLE 8,261OFFICE 7,436
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CATEGORY BEGINNING OF YEAR END OF YEARACCOUNTS RECEIVABLE 0 2,380
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CATEGORY BEGINNING OF YEAR END OF YEARACCOUNTS PAYABLE 0 2,479
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0General explanation attachment
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Description of total liabilities Part II line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIE STANLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02524936243
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VERSADEMICS LEARNING CENTERS
ReturnHeader/Filer/BusinessNameControlTxt0VERS
ReturnHeader/Filer/EIN0872049944
ReturnHeader/Filer/USAddress/AddressLine1Txt02107 EVANS ST STE D
ReturnHeader/Filer/USAddress/CityNm0GREENVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027834
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200565868
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Murphy & Bunch CPAs PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0107 Commerce St Ste A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Greenville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027858
ReturnHeader/PreparerPersonGrp/PhoneNum02523552653
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Leslie Bunch
ReturnHeader/ReturnTs02023-05-11T15:27:01-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JULIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STANLEY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,288
Liabilities
$2,479
Net assets
$2,809
Revenue
$106,175
Expenses
$103,366
Net income
$2,809
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.12$0.16$0.04$1.91$1.97$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.05$0.02$0.03$1.06$1.03$0.03
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • <$500k nonprofits