Academy31 Inc

Nonprofit profile at a glance

EIN
882231192
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Raleigh, NC, USA
Phone
9199778920
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Educational Services and Schools - Other
Affiliation
Christianity

Reported finances

Revenue
$598,127
Expenses
$409,558
Assets
$371,600
Liabilities
$9,516

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Kimberly Wilson (President)

Highest reported compensation

  • Kimberly Wilson (President): $53,645 total reported compensation
  • Gary Johnson (Treasurer): $2,280 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Academy31 is an all-female private Christian middle and high school located in Raleigh, dedicated to providing an unparalleled experience in education and discipleship in biblical womanhood. Our mission is to serve families by delivering a high-quality, truth-based education.

What it reported doing in 2024

Academy31 is an all-female private Christian middle and high school located in Raleigh, dedicated to providing an unparalleled experience in education and discipleship in biblical womanhood. Our mission is to serve families by delivering a high-quality, truth-based education within a dedicated community of mentors and peers. We utilize a Targeted Learning Model designed to develop true wisdom for life, maintaining a maximum class size of 15 students to ensure personalized instruction. Our primary objective is to equip our students with academic excellence and spiritual maturity, fostering student outcomes that reflectThe organization operates an all-female Christian middle and high school in North Carolina with a mission of traning yo Godly young women of character and competence. The organization provides a high-quality, truth based education in the context of a dedicated biblical discipleship community of mentors and peers with a maximum class size of 15 students.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 100
  • Accountability: 72
  • Sustainability: 62
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 68.8%; rating input score 69
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 16th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 31.5%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 0.91; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 60; 60th percentile among comparable filings
  • Officer compensation ratio: 13.7%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 101.1% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 37.2% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 16.7% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 68.8% of revenue deployed · 100% of spending went to programs
  • Governance: 3 of 4 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $410K in reported program spending
  • Leadership: top reported pay $54K · 6 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.