Civic Intelligence

Milford Academy Inc

990 • Fiscal year 2015 • EIN 06-0796368

Jul 01, 2014 to Jun 30, 2015 • Filed on May 16, 2016

Organization Profilewww.milfordacademy.org
PO Box 878New Berlin, NY 13411

(607) 847-9260

Siviq Scores

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

Liabilities / Assets

68th percentile

0.17x

Higher debt load relative to assets than 68% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

46th percentile

0.03x

Higher debt load relative to revenue than 46% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

33rd percentile

-2.5%

Higher net margin than 33% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

17th percentile

-9.7%

Faster asset growth than 17% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

57th percentile

6.8%

Faster revenue growth than 57% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$154,554

Down $16,631 (-9.7%) from 2014

Net Assets

Down

$127,985

Down $21,331 (-14%) from 2014

Liabilities

Up

$26,569

Up $4,700 (+21%) from 2014

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin33rd percentile

Revenue

Up

$863,113

Up $54,779 (+6.8%) from 2014

Expenses

Up

$884,444

Up $69,483 (+8.5%) from 2014

Net Income

Down

-$21,331

Down $14,704 (-222%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$300K$200K$100K$0Assets 2011: $154,496Liabilities 2011: $50,300Net Assets 2011: $104,1962011Assets 2012: $204,911Liabilities 2012: $50,512Net Assets 2012: $154,3992012Assets 2013: $160,443Liabilities 2013: $4,500Net Assets 2013: $155,9432013Assets 2014: $171,185Liabilities 2014: $21,869Net Assets 2014: $149,3162014Assets 2015: $154,554Liabilities 2015: $26,569Net Assets 2015: $127,9852015Assets 2016: $210,774Liabilities 2016: $61,628Net Assets 2016: $149,1462016Assets 2017: $204,216Liabilities 2017: $65,513Net Assets 2017: $138,7032017Assets 2018: $273,190Liabilities 2018: $147,233Net Assets 2018: $125,9572018Assets 2019: $141,512Liabilities 2019: $97,233Net Assets 2019: $44,2792019Assets 2020: $127,797Liabilities 2020: $85,004Net Assets 2020: $42,7932020Assets 2021: $91,808Liabilities 2021: $14,100Net Assets 2021: $77,7082021

Highlighted filing

2015

Assets$154,554
Liabilities$26,569
Net Assets$127,985
Open 2015 Filing

Operations Trend

Revenue Growth57th percentile

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

$1.0M$500K$0-$500KRevenue 2011: $694,917Expenses 2011: $551,251Net Income 2011: $143,6662011Expenses 2012: $620,3582012Revenue 2013: $605,241Expenses 2013: $603,697Net Income 2013: $1,5442013Revenue 2014: $808,334Expenses 2014: $814,961Net Income 2014: -$6,6272014Revenue 2015: $863,113Expenses 2015: $884,444Net Income 2015: -$21,3312015Revenue 2016: $783,946Expenses 2016: $762,785Net Income 2016: $21,1612016Revenue 2017: $823,717Expenses 2017: $834,160Net Income 2017: -$10,4432017Revenue 2018: $675,791Expenses 2018: $688,537Net Income 2018: -$12,7462018Revenue 2019: $571,142Expenses 2019: $652,820Net Income 2019: -$81,6782019Revenue 2020: $516,508Expenses 2020: $517,994Net Income 2020: -$1,4862020Revenue 2021: $544,138Expenses 2021: $544,332Net Income 2021: -$1942021

Highlighted filing

2015

Revenue$863,113
Expenses$884,444
Net Income-$21,331
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 16, 2016
Return Version
2014v6.0
Gross Receipts
$863,113
Mission and Program Overview

Mission

The Organization's mission is to respond to the needs of undergraduate/postgraduate student athletes who require additional educational guidance and/or athletic training.

To provide education, room and board to high school and post high school graduate students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Receivables From Officers Etc$137,698$118,048▼ $19,650
Land, Buildings, and Equipment, Net$32,473$30,929▼ $1,544
Cash and Non-Interest-Bearing Accounts$1,014$5,577▲ $4,563
Total Assets$171,185$154,554▼ $16,631
Liabilities
Accounts Payable and Accrued Expenses$16,000$20,700▲ $4,700
Other Liabilities$5,869$5,869→ $0
Total Liabilities$21,869$26,569▲ $4,700
Net Assets / Fund Balance
Unrestricted Net Assets$149,316$127,985▼ $21,331
Total Net Assets Fund Balance$149,316$127,985▼ $21,331
Total Liabilities and Net Assets / Fund Balance$171,185$154,554▼ $16,631

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$385$90,129$90,514
Buildings$30,544$10,184$40,728
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
John PaceVice President
John SchemedingDirector
William ChaplickDirector of Operations/Tre
Danielle ChaplickSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$863,113
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-21,331
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$506,966
Salaries, Compensation, and Employee Benefits$377,478
Total Fundraising Expense$35,346
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$214,377--$214,377
Payroll Taxes$163,101--$163,101
All Other Expenses$53,507$10,701$7,135$71,343
Occupancy$49,500$9,900$6,600$66,000
Travel$48,529$9,706$6,471$64,706
Other Expenses$33,650$6,730$4,487$44,867
Fees for Services Other$19,406--$19,406
Insurance$7,781$1,557$1,038$10,376
Fees for Services Accounting$4,558$911$608$6,077
Depreciation Depletion$1,158$232$154$1,544
Information Technology$675$135$90$900
Advertising$600$120$80$800
Office Expenses$522$104$70$696
Total Functional Expenses$796,084$53,014$35,346$884,444
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Owned by Willian Chaplick, Chairman of the Board of the Organization.Rent Expense Paid to Blue Chip Enterprises, Inc. that owns some of the facilities used by Milford Academy.No$66,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$137,698$118,048▼ $19,650
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$5,869
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 11

“The Governing body received a copy for From 990 before it was filed.”

Form 990, Part VI, Section C, line 19

“The organization makes governing documents, conflict of interest policies, and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Milford Academy Inc
EIN
06-0796368
Phone
6078479260
Address
PO Box 878, New Berlin, NY 13411

Signing Officer

Name
William Chaplick
Title
Director of Operations/Treasurer
Phone
6078479260
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Chaplick
Formed
1964
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
13
Volunteers
0

Preparer

Firm
Michael J Paolini CPA
Address
174 Cherry Street, Milford, CT 06460
Phone
2038760445
Raw XML Appendix359 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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IRS990/TotalLiabilitiesGrp/BOYAmt021869
IRS990/TotalLiabilitiesGrp/EOYAmt026569
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0149316
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0127985
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0796084
IRS990/TotalProgramServiceRevenueAmt0863113
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0863113
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0863113
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0171185
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0154554
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt06471
IRS990/TravelGrp/ManagementAndGeneralAmt09706
IRS990/TravelGrp/ProgramServicesAmt048529
IRS990/TravelGrp/TotalAmt064706
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0149316
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0127985
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 878
IRS990/USAddress/CityNm0New Berlin
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013411
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.milfordacademy.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0William Chaplick
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director of Operations/Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06078479260
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Milford Academy Inc
ReturnHeader/Filer/BusinessNameControlTxt0MILF
ReturnHeader/Filer/EIN0060796368
ReturnHeader/Filer/PhoneNum06078479260
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 878
ReturnHeader/Filer/USAddress/CityNm0New Berlin
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013411
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061281956
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Michael J Paolini CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0174 Cherry Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Milford
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006460
ReturnHeader/PreparerPersonGrp/PhoneNum02038760445
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-05-16T10:24:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$154,554
Liabilities
$26,569
Net assets
$127,985
Revenue
$863,113
Expenses
$884,444
Net income
-$21,331
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.92$0.14$0.78$5.44$5.44$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.28$0.85$0.43$5.17$5.18$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.42$0.97$0.44$5.71$6.53$0.82
2018Summary only. Only limited summary data is available for this year.$2.73$1.47$1.26$6.76$6.89$0.13
2017Detailed filing. Detailed filing data is available for this year.$2.04$0.66$1.39$8.24$8.34$0.10
2016Detailed filing. Detailed filing data is available for this year.$2.11$0.62$1.49$7.84$7.63$0.21
2015Detailed filing. Detailed filing data is available for this year.$1.55$0.27$1.28$8.63$8.84$0.21
2014Detailed filing. Detailed filing data is available for this year.$1.71$0.22$1.49$8.08$8.15$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.05$1.56$6.05$6.04$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$0.51$1.54$6.20
2011Summary only. Only limited summary data is available for this year.$1.54$0.50$1.04$6.95$5.51$1.44