Liabilities / Assets
83rd percentile
Higher debt load relative to assets than 83% of similar nonprofits.
Bhi Academy Foundation Inc
EIN 87-4477632 • 501(c)3 • Raleigh, NC
Profile
The foundation's mission is to provide guidance to and raise funds from individuals, governments, corporations, and other donors to support operations and capital projects of bald head island academy (the "academy"), a credentialed private school located on bald head island, north carolina, emphasizing earth and life sciences and maritime ecosystems to children grades k through 8; and to provide tuition assistance and scholarships to students of the academy, ensuring education equity and access regardless of socioeconomic and personal background.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.20x
Liabilities / Revenue
77th percentile
Higher debt load relative to revenue than 77% of similar nonprofits.
Net Margin
14th percentile
Higher net margin than 14% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
13th percentile
Faster asset growth than 13% of similar nonprofits.
Revenue Growth
21st percentile
Faster revenue growth than 21% of similar nonprofits.
Balance Sheet
Assets
Down$7,623
Down $17,566 (-70%) from 2023
Liabilities
$1,520
No earlier filing loaded for comparison.
Net Assets
Down$6,103
Down $19,086 (-76%) from 2023
Revenue
Down$36,110
Down $23,463 (-39%) from 2023
Expenses
Down$55,196
Down $3,166 (-5.4%) from 2023
Net Income
Down-$19,086
Down $20,297 (-1676%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $7,623
- Liabilities
- $1,520
- Net assets
- $6,103
- Revenue
- $36,110
- Expenses
- $55,196
- Net income
- -$19,086
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2024Detailed filing. Detailed filing data is available for this year. | $7.62 | $1.52 | $6.10 | $36.1 | $55.2 | $19.1 |
| 2023Detailed filing. Detailed filing data is available for this year. | $25.2 | $25.2 | $59.6 | $58.4 | $1.21 | |
| 2022Detailed filing. Detailed filing data is available for this year. | $24.0 | $24.0 | $57.1 | $33.1 | $24.0 | |
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 13, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $36,110
Mission and Program Overview
Mission
The foundation's mission is to provide guidance to and raise funds from individuals, governments, corporations, and other donors to support operations and capital projects of bald head island academy (the "academy"), a credentialed private school located on bald head island, north carolina, emphasizing earth and life sciences and maritime ecosystems to children grades k through 8; and to provide tuition assistance and scholarships to students of the academy, ensuring education equity and access regardless of socioeconomic and personal background.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE FOUNDATION WORKED CLOSELY WITH BHI ACADEMY TO FUND RAISE, SUPPORT CAPITAL PROJECTS, AND PROVIDE TUITION AND EXPENSES ASSISTANCE TO STUDENTS. | $51,187 | $51,187 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| SHEREE VAICKUS | Marketing Of | PT | $0 | - | - |
| LOUIS VAICKUS | Curriculum/D | PT | $0 | - | - |
| KIT ADCOCK | Gov Affairs/ | - | $0 | - | - |
| MELANIE RASKIN | Secretary/Di | - | $0 | - | - |
| TIMOTHY KRIST | Treasurer/Di | - | $0 | - | - |
| KESS CLARK | Director | - | $0 | - | - |
| MARK PRAK | Director | - | $0 | - | - |
| CRAIG BANDOROFF | Director | - | $0 | - | - |
| DANIEL EDWARDS | Director | - | $0 | - | - |
| ROBIN PRAK | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Bhi Academy Foundation Inc
- EIN
- 87-4477632
- Phone
- 9199246425
- Address
- 7474 CREEDMOOR RD STE 286, RALEIGH, NC 27613
Signing Officer
- Name
- Sheree Vaickus
- Title
- Marketing Officer
- Phone
- 9199246425
- Signed
- 2025-05-13
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Green-krist CPA Pllc
- Address
- 501 PINNER WEALD WAY SUITE 101, CARY, NC 27513
- Preparer
- Timothy L Krist CPA
- Phone
- 9192901011
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 10
“Name: bhi academy llc address: 7474 creedmoor rd ste 286 raleigh, nc 27613 cash contribution: 51,187”
Form 990-ez, Part I, Line 16
“Expenses supplies 105 bank/merchant fees 2,160 software subscriptions 1,744 total 4,009”
Form 990-ez, Part II, Line 24
“Due from bhi academy 14,469 0 total 14,469 0”
Form 990-ez, Part II, Line 26
“Due to bhi academy 0 1,520”
Form 990-ez, Part III
“The foundation's mission is to provide guidance to and raise funds from individuals, governments, corporations, and other donors to support operations and capital projects of bald head island academy (the "academy"), a credentialed private school located on bald head island, north carolina, emphasizing earth and life sciences and maritime ecosystems to children grades k through 8; and to provide tuition assistance and scholarships to students of the academy, ensuring education equity and access regardless of socioeconomic and personal background.”
Raw XML Appendix157 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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| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -19086 |
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| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 51187 |
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| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 9 | 0 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | KIT ADCOCK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | MELANIE RASKIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | TIMOTHY KRIST |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | KESS CLARK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | MARK PRAK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | CRAIG BANDOROFF |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | DANIEL EDWARDS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 9 | ROBIN PRAK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | MARKETING OF |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | CURRICULUM/D |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | GOV AFFAIRS/ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY/DI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | TREASURER/DI |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 8 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 9 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 14469 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 4009 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE FOUNDATION'S MISSION IS TO PROVIDE GUIDANCE TO AND RAISE FUNDS FROM INDIVIDUALS, GOVERNMENTS, CORPORATIONS, AND OTHER DONORS TO SUPPORT OPERATIONS AND CAPITAL PROJECTS OF BALD HEAD ISLAND ACADEMY (THE "ACADEMY"), A CREDENTIALED PRIVATE SCHOOL LOCATED ON BALD HEAD ISLAND, NORTH CAROLINA, EMPHASIZING EARTH AND LIFE SCIENCES AND MARITIME ECOSYSTEMS TO CHILDREN GRADES K THROUGH 8; AND TO PROVIDE TUITION ASSISTANCE AND SCHOLARSHIPS TO STUDENTS OF THE ACADEMY, ENSURING EDUCATION EQUITY AND ACCESS REGARDLESS OF SOCIOECONOMIC AND PERSONAL BACKGROUND. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE FOUNDATION WORKED CLOSELY WITH BHI ACADEMY TO FUND RAISE, SUPPORT CAPITAL PROJECTS, AND PROVIDE TUITION AND EXPENSES ASSISTANCE TO STUDENTS. |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 51187 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 1520 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 55196 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 51187 |
| IRS990EZ/TotalRevenueAmt | 0 | 36110 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 36110 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 59573 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 57085 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 152768 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 152768 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 36110 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 59573 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | NAME: BHI ACADEMY LLC ADDRESS: 7474 CREEDMOOR RD STE 286 RALEIGH, NC 27613 CASH CONTRIBUTION: 51,187 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES SUPPLIES 105 BANK/MERCHANT FEES 2,160 SOFTWARE SUBSCRIPTIONS 1,744 TOTAL 4,009 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DUE FROM BHI ACADEMY 14,469 0 TOTAL 14,469 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DUE TO BHI ACADEMY 0 1,520 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE FOUNDATION'S MISSION IS TO PROVIDE GUIDANCE TO AND RAISE FUNDS FROM INDIVIDUALS, GOVERNMENTS, CORPORATIONS, AND OTHER DONORS TO SUPPORT OPERATIONS AND CAPITAL PROJECTS OF BALD HEAD ISLAND ACADEMY (THE "ACADEMY"), A CREDENTIALED PRIVATE SCHOOL LOCATED ON BALD HEAD ISLAND, NORTH CAROLINA, EMPHASIZING EARTH AND LIFE SCIENCES AND MARITIME ECOSYSTEMS TO CHILDREN GRADES K THROUGH 8; AND TO PROVIDE TUITION ASSISTANCE AND SCHOLARSHIPS TO STUDENTS OF THE ACADEMY, ENSURING EDUCATION EQUITY AND ACCESS REGARDLESS OF SOCIOECONOMIC AND PERSONAL BACKGROUND. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SHEREE VAICKUS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | MARKETING OFFICER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9199246425 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | BHI ACADEMY FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | BHIA |
| ReturnHeader/Filer/EIN | 0 | 874477632 |
| ReturnHeader/Filer/PhoneNum | 0 | 9199246425 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 7474 CREEDMOOR RD STE 286 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | RALEIGH |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 27613 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 454959404 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | GREEN-KRIST CPA PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 501 PINNER WEALD WAY SUITE 101 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CARY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 27513 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9192901011 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-13 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | TIMOTHY L KRIST CPA |
| ReturnHeader/ReturnTs | 0 | 2025-05-13T16:31:58-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
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