PUNGO CHRISTIAN ACADEMY INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: PUNGO CHRISTIAN ACADEMY INC (EIN 56-0906348)
Tax period: 2012-06-01 to 2013-05-31
Filed: 2014-01-13
IRS object ID: 201410139349303256
Schema version: 2012v2.3
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule G
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-01-13T16:35:00-06:00	Timestamp
Tax Period End Date	2013-05-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	KEECH & COMPANY PA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	120 S MARKET ST	AddressLine1
City	WASHINGTON	City
State	NC	State
ZIP Code	278894952	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-06-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	560906348	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	PUNGO CHRISTIAN ACADEMY	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	PUNG	NameControl
Phone	2529432678	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	983 WEST MAIN STREET	AddressLine1
City	BELHAVEN	City
State	NC	State
ZIP Code	27810	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	MICHAEL CUTLER	Name
Title	CHAIRMAN	Title
Phone	2529432678	Phone
Date Signed	2013-12-31	DateSigned
Authorize Third Party	false	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	GARRY L KEECH CPA	Name
Phone	2529753121	Phone
Date Prepared	2014-01-13	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	MICHAEL CUTLER	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	983 WEST MAIN STREET	AddressLine1
City	BELHAVEN	City
State	NC	State
ZIP Code	27810	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	928724	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.PUNGOCHRISTIANACADEMY.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1968	YearFormation
State Legal Domicile	NC	StateLegalDomicile
Activity Or Mission Description	PRIVATE SCHOOL OFFERING ELEMENTARY AND HIGH SCHOOL EDUCATIONAL OPPORTUNITIES TO ALL PERSONS WITHOUT REGARD TO RACE, CREED OR COLOR.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	30	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	24650	ContributionsGrantsPriorYear
Contributions Grants Current Year	26196	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	777635	ProgramServiceRevenuePriorYear
Program Service Revenue CY	809563	ProgramServiceRevenueCY
Investment Income Current Year	0	InvestmentIncomeCurrentYear
Other Revenue Prior Year	61357	OtherRevenuePriorYear
Other Revenue Current Year	50687	OtherRevenueCurrentYear
Total Revenue Prior Year	863642	TotalRevenuePriorYear
Total Revenue Current Year	886446	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	532863	SalariesEtcPriorYear
Salaries Etc Current Year	554684	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	322075	OtherExpensePriorYear
Other Expenses Current Year	334622	OtherExpensesCurrentYear
Total Expenses Prior Year	854938	TotalExpensesPriorYear
Total Expenses Current Year	889306	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	8704	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-2860	RevenuesLessExpensesCY
Total Assets BOY	130378	TotalAssetsBOY
Total Assets EOY	151091	TotalAssetsEOY
Total Liabilities BOY	379270	TotalLiabilitiesBOY
Total Liabilities EOY	402843	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	-248892	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	-251752	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	PRIVATE SCHOOL OFFERING ELEMENTARY AND HIGH SCHOOL EDUCATIONAL OPPORTUNITIES TO ALL PERSONS WITHOUT REGARD TO RACE, CREED OR COLOR.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	875688	Expense
Description	PRIVATE SCHOOL OFFERING ELEMENTARY AND HIGH SCHOOL EDUCATIONAL OPPORTUNITIES TO ALL PERSONS WITHOUT REGARD TO RACE, CREED OR COLOR.	Description

Activity Other ActivityOther

Field	Value	IRS element (for citing)
Expense	13618	Expense
Description	PRIVATE SCHOOL OFFERING ELEMENTARY AND HIGH SCHOOL EDUCATIONAL OPPORTUNITIES TO ALL PERSONS WITHOUT REGARD TO RACE, CREED OR COLOR.	Description

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	13618	TotalOfOtherProgramServiceExp
Total Program Service Expense	889306	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	true	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	false	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	30	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Nbr Voting Governing Body Members	9	NbrVotingGoverningBodyMembers
Number Independent Voting Members	9	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	PUNGO CHRISTIAN ACADEMY	BusinessNameLine1
Business Name Line2	PUNGO CHRISTIAN ACADEMY	BusinessNameLine2

Field	Value	IRS element (for citing)
Telephone Number	2529432678	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1009 WEST MAIN ST	AddressLine1
Address Line2	1009 WEST MAIN ST	AddressLine2
City	BELHAVEN	City
State	NC	State
ZIP Code	27810	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (9 entries)

Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	TitleTitle
DARREN K ARMSTRONG
1.50	X	0	0	0
CONNELL PURVIS
1.50	X	0	0	0
BETHANY PUGH
1.50	X	0	0	0	SECRETARY /T
RICHARD DUNBAR
1.50	X	0	0	0
MICHAEL CUTLER
2.50	X	0	0	0	CHAIRMAN
BARBARA ALLEN
1.50	X	0	0	0
CHAD STOOP
1.50	X	0	0	0
JOEY ROSE
1.50	X	0	0	0
STUART RICKS
1.50	X	0	0	0	VICE CHAIRMA

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Membership Dues	5800	MembershipDues
All Other Contributions	20396	AllOtherContributions
Total Contributions	26196	TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TUITION AND FEES	592311	592311
BUSING FEES	59531	59531
ATHLETIC DEPARTMENT	54782	54782
CAFETERIA	39639	39639
BOOK FEES & OTHER	32559	32559

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	30741	TotalRevenueColumn
Related Or Exempt Function Income	30741	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	809563	TotalProgramServiceRevenue
Gross Income Fundraising Events	92965	GrossIncomeFundraisingEvents
Fundraising Direct Expenses	42278	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	50687	TotalRevenueColumn

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	886446	TotalRevenueColumn
Related Or Exempt Function Income	809563	RelatedOrExemptFunctionIncome

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	470434	Total
Program Services	470434	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	46727	Total
Program Services	46727	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	37523	Total
Program Services	37523	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	1119	Total
Program Services	1119	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	2032	Total
Program Services	2032	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	89806	Total
Program Services	89806	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	9555	Total
Program Services	9555	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	13618	Total
Program Services	13618	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
BUSING EXPENSES	54720	54720
CAFETERIA /FOOD SERVICE	50540	50540
ATHLETICS & CONCESSIONS	49261	49261
INSTRUCTIONAL SUPPLIES	27035	27035

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	36936	Total
Program Services	36936	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	889306	Total
Program Services	889306	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	24458	BOY
EOY	16289	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	33453	BOY
EOY	73975	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	457092	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	403404	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	67306	BOY
EOY	53688	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	5161	BOY
EOY	7139	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	130378	BOY
EOY	151091	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	151995	BOY
EOY	173022	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	12969	BOY
EOY	12037	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	214306	BOY
EOY	182784	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
EOY	35000	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	379270	BOY
EOY	402843	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	-248892	BOY
EOY	-251752	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	-248892	BOY
EOY	-251752	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	130378	BOY
EOY	151091	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-2860	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	true	AccountantCompileOrReview
FS Audited	false	FSAudited
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	10000	OtherCostOrOtherBasis
Book Value	10000	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	10000	TotalOfBookValueLandBuildings

Schedule G IRS990ScheduleG

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	FALL FESTIVAL	NameOfEvent1
Gross Receipts Event1	32465	GrossReceiptsEvent1
Gross Revenue Event1	32465	GrossRevenueEvent1
Other Direct Expenses Event1	13356	OtherDirectExpensesEvent1
Name Of Event2	BBQ SALES	NameOfEvent2
Gross Receipts Event2	23671	GrossReceiptsEvent2
Gross Revenue Event2	23671	GrossRevenueEvent2
Other Direct Expenses Event2	12714	OtherDirectExpensesEvent2
Total Number Of Other Events	2	TotalNumberOfOtherEvents
Gross Receipts Other Events	34779	GrossReceiptsOtherEvents
Gross Revenue Other Events	34779	GrossRevenueOtherEvents
Other Direct Expenses Other Events	16208	OtherDirectExpensesOtherEvents
Gross Receipts Total	90915	GrossReceiptsTotal
Gross Revenue Total Events	90915	GrossRevenueTotalEvents
Other Direct Expenses Total Events	42278	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	42278	DirectExpenseSummaryEvents
Net Income Summary	48637	NetIncomeSummary

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ALL OTHER ACCOMPLISHMENT DESCRIPTION	FORM 990, PAGE 2, PART III, LINE 4D	PRIVATE SCHOOL OFFERING ELEMENTARY AND HIGH SCHOOL EDUCATIONAL OPPORTUNITIES TO ALL PERSONS WITHOUT REGARD TO RACE, CREED OR COLOR.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	NO REVIEW WAS OR WILL BE CONDUCTED.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	NO DOCUMENTS AVAILABLE TO THE PUBLIC