Civic Intelligence

Zenith Academy

990 • Fiscal year 2017 • EIN 02-0727198

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 06, 2018

4580 Heaton RoadColumbus, OH 43229

(614) 888-9997

Siviq Scores

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

Liabilities / Assets

98th percentile

1.85x

Higher debt load relative to assets than 98% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

83rd percentile

1.17x

Higher debt load relative to revenue than 83% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

28th percentile

-2.8%

Higher net margin than 28% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$875

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

87th percentile

29%

Faster asset growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

81st percentile

31%

Faster revenue growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$3,500,129

Up $780,950 (+29%) from 2016

Net Assets

Down

-$2,978,081

Down $157,448 (-5.6%) from 2016

Liabilities

Up

$6,478,210

Up $938,398 (+17%) from 2016

Revenue

Up

$5,525,885

Up $1,318,773 (+31%) from 2016

Expenses

Up

$5,683,333

Up $723,500 (+15%) from 2016

Net Income

Up

-$157,448

Up $595,273 (+79%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $913,503Liabilities 2011: $166,370Net Assets 2011: $747,1332011Assets 2012: $982,416Liabilities 2012: $214,458Net Assets 2012: $767,9582012Assets 2013: $708,340Liabilities 2013: $236,904Net Assets 2013: $471,4362013Assets 2014: $1,780,141Liabilities 2014: $341,613Net Assets 2014: $1,438,5382014Assets 2015: $1,992,328Liabilities 2015: $4,060,238Net Assets 2015: -$2,067,9122015Assets 2016: $2,719,179Liabilities 2016: $5,539,812Net Assets 2016: -$2,820,6332016Assets 2017: $3,500,129Liabilities 2017: $6,478,210Net Assets 2017: -$2,978,0812017Assets 2018: $4,570,635Liabilities 2018: $7,148,138Net Assets 2018: -$2,577,5032018Assets 2019: $4,893,983Liabilities 2019: $6,913,156Net Assets 2019: -$2,019,1732019Assets 2020: $5,423,551Liabilities 2020: $7,668,758Net Assets 2020: -$2,245,2072020Assets 2021: $6,242,626Liabilities 2021: $8,507,167Net Assets 2021: -$2,264,5412021Assets 2022: $9,118,396Liabilities 2022: $10,714,864Net Assets 2022: -$1,596,4682022Assets 2023: $10,355,891Liabilities 2023: $11,582,505Net Assets 2023: -$1,226,6142023Assets 2024: $10,585,024Liabilities 2024: $11,978,736Net Assets 2024: -$1,393,7122024

Highlighted filing

2017

Assets$3,500,129
Liabilities$6,478,210
Net Assets-$2,978,081

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $3,242,584Expenses 2011: $3,645,492Net Income 2011: -$402,9082011Revenue 2012: $2,723,394Expenses 2012: $2,702,569Net Income 2012: $20,8252012Revenue 2013: $3,433,351Expenses 2013: $3,139,806Net Income 2013: $293,5452013Revenue 2014: $4,224,718Expenses 2014: $3,847,683Net Income 2014: $377,0352014Revenue 2015: $4,504,120Expenses 2015: $4,447,687Net Income 2015: $56,4332015Revenue 2016: $4,207,112Expenses 2016: $4,959,833Net Income 2016: -$752,7212016Revenue 2017: $5,525,885Expenses 2017: $5,683,333Net Income 2017: -$157,4482017Revenue 2018: $5,953,811Expenses 2018: $4,527,320Net Income 2018: $1,426,4912018Revenue 2019: $6,185,643Expenses 2019: $5,627,313Net Income 2019: $558,3302019Revenue 2020: $6,358,468Expenses 2020: $6,584,502Net Income 2020: -$226,0342020Revenue 2021: $6,916,157Expenses 2021: $6,935,491Net Income 2021: -$19,3342021Revenue 2022: $8,199,579Expenses 2022: $7,531,506Net Income 2022: $668,0732022Revenue 2023: $9,110,676Expenses 2023: $8,740,822Net Income 2023: $369,8542023Revenue 2024: $9,157,710Expenses 2024: $9,324,808Net Income 2024: -$167,0982024

Highlighted filing

2017

Revenue$5,525,885
Expenses$5,683,333
Net Income-$157,448
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 6, 2018
Return Version
2016v3.0
Gross Receipts
$5,525,885
Mission and Program Overview

Mission

To provide educational services to a primarily high poverty demographic group of students.

Public Charter School in Ohio providing Educational Services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,448,867$1,565,133▲ $116,266
Cash and Non-Interest-Bearing Accounts$23,651$392,868▲ $369,217
Accounts Receivable$192,540$154,732▼ $37,808
Prepaid Expenses and Deferred Charges$59,542--
Total Assets$2,719,179$3,500,129▲ $780,950
Other Assets Total$994,579$1,387,396▲ $392,817
Liabilities
Other Liabilities$4,889,742$5,705,689▲ $815,947
Accounts Payable and Accrued Expenses$332,325$772,521▲ $440,196
Deferred Revenue$317,745--
Total Liabilities$5,539,812$6,478,210▲ $938,398
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,448,867$1,565,133▲ $116,266
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-4,269,500$-4,543,214▼ $273,714
Total Net Assets Fund Balance$-2,820,633$-2,978,081▼ $157,448
Total Liabilities and Net Assets / Fund Balance$2,719,179$3,500,129▲ $780,950

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$116,831$0$0
Other Land Buildings$110,109$55,055$0
Land$0-$0
Equipment$181,655$380,727$0
Leasehold Improvements$1,156,538$398,747$0
Other Assets Org$1,387,396--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Jamal NaiyerBoard Chair$875$875
Aftab SyedTrustee$875$875
Dr Mazhar JalilTrustee$875$875
Yassin IsseTrustee$750$750
Syed AlaviTrustee$625$625
Revenue and Support

Revenue Composition

Contributions and Grants
$5,525,885
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,525,885
Change in Net Assets
$-157,448

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,525,885
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$5,525,885
Total Revenue per Form 990
$5,525,885
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,859,440
Salaries, Compensation, and Employee Benefits$2,823,893
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,238,219--$2,238,219
Fees for Services Management$753,476--$753,476
Occupancy$606,272--$606,272
Other Employee Benefits$585,674--$585,674
Fees for Services Other$375,532--$375,532
Depreciation Depletion$201,065--$201,065
Other Expenses$125,579$0$0$125,579
Fees for Services Accounting$50,586--$50,586
Office Expenses$37,471--$37,471
Fees for Services Legal$24,560--$24,560
Insurance$9,097--$9,097
Advertising$639--$639
Travel$251--$251
Total Functional Expenses$5,683,333$0$0$5,683,333

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,683,333
Total Expenses per Audited Statements$5,683,333
Total Expenses per Form 990$5,683,333
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$5,172,749
Deferred Inflows of Resources$532,940
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11B

The officers of the Board and the School's sponsor review the Form 990. It is then processed and submitted by the School Treasurer.

Form 990, Part VI, Section B, Line 12C

The Board monitors compliance with its conflict of interest policy by reviewing contracts entered into each year during its board meetings. In addition, financial activity and contracts are reviewed by the board and the sponsor on at least a bi-monthly basis.

Form 990, Part VI, Section B, Line 15

Copies are provided to the officers of the Board, including the Board Treasurer.

Form 990, Part VI, Section C, Line 19

The schools governing documents and conflict of interest policy are maintained by the legal counsel and Treasurer and are available upon request.

Filing and Contact Details

Filer

Filer Name
Zenith Academy
EIN
02-0727198
Phone
6148889997
Address
4580 Heaton Road, Columbus, OH 43229

Signing Officer

Name
C David Massa
Title
Treasurer
Phone
3305150572
Signed
2018-02-06

Organization Details

Principal Officer
C David Massa
Formed
2005
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
89
Volunteers
11
Raw XML AppendixShowing 400 of 405 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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IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01387396
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0110109
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt055055
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0165164
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05172749
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1532940
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflows of Resources
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05525885
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01565133
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01387396
IRS990ScheduleD/TotalExpensesPerForm990Amt05683333
IRS990ScheduleD/TotalLiabilityAmt05705689
IRS990ScheduleD/TotalRevenuePerForm990Amt05525885
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05525885
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05683333
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The organization maintains a website wherein the policy is explained, as well as on its enrollment materials.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The organization is a public charter school as such it receives its funding from the Ohio Department of Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The officers of the Board and the School's sponsor review the Form 990. It is then processed and submitted by the School Treasurer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board monitors compliance with its conflict of interest policy by reviewing contracts entered into each year during its board meetings. In addition, financial activity and contracts are reviewed by the board and the sponsor on at least a bi-monthly basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Copies are provided to the officers of the Board, including the Board Treasurer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The schools governing documents and conflict of interest policy are maintained by the legal counsel and Treasurer and are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02719179
IRS990/TotalAssetsEOYAmt03500129
IRS990/TotalAssetsGrp/BOYAmt02719179
IRS990/TotalAssetsGrp/EOYAmt03500129
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05525885
IRS990/TotalEmployeeCnt089
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05683333
IRS990/TotalFunctionalExpensesGrp/TotalAmt05683333
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05539812
IRS990/TotalLiabilitiesEOYAmt06478210
IRS990/TotalLiabilitiesGrp/BOYAmt05539812
IRS990/TotalLiabilitiesGrp/EOYAmt06478210
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2820633
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2978081
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt05683333
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt04000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05525885
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02719179
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03500129
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0251
IRS990/TravelGrp/TotalAmt0251
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-4269500
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-4543214
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0219 E Maple St Ste 202
IRS990/USAddress/CityNm0North Canton
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044720
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd00
ReasonableCauseExplanation/ExplanationTxt0The school waited for final audited financial statements prior to filing the Form 990.
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0C David Massa
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03305150572
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ZENITH ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0ZENI
ReturnHeader/Filer/EIN0020727198
ReturnHeader/Filer/PhoneNum06148889997
ReturnHeader/Filer/USAddress/AddressLine1Txt04580 Heaton Road
ReturnHeader/Filer/USAddress/CityNm0Columbus
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd043229
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0108.220.149.86

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.6$12.0$1.39$9.16$9.32$0.17
2023Detailed filing. Detailed filing data is available for this year.$10.4$11.6$1.23$9.11$8.74$0.37
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.12$10.7$1.60$8.20$7.53$0.67
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.24$8.51$2.26$6.92$6.94$0.02
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$5.42$7.67$2.25$6.36$6.58$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.89$6.91$2.02$6.19$5.63$0.56
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.57$7.15$2.58$5.95$4.53$1.43
2017Detailed filing. Detailed filing data is available for this year.$3.50$6.48$2.98$5.53$5.68$0.16
2016Summary only. Only limited summary data is available for this year.$2.72$5.54$2.82$4.21$4.96$0.75
2015Summary only. Only limited summary data is available for this year.$1.99$4.06$2.07$4.50$4.45$0.06
2014Summary only. Only limited summary data is available for this year.$1.78$0.34$1.44$4.22$3.85$0.38
2013Summary only. Only limited summary data is available for this year.$0.71$0.24$0.47$3.43$3.14$0.29
2012Summary only. Only limited summary data is available for this year.$0.98$0.21$0.77$2.72$2.70$0.02
2011Summary only. Only limited summary data is available for this year.$0.91$0.17$0.75$3.24$3.65$0.40
Peer Organizations

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