Civic Intelligence

Milford Academy Inc

990 • Fiscal year 2017 • EIN 06-0796368

Jul 01, 2016 to Jun 30, 2017 • Filed on Jul 16, 2018

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

78th percentile

0.32x

Higher debt load relative to assets than 78% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

62nd percentile

0.08x

Higher debt load relative to revenue than 62% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

35th percentile

-1.3%

Higher net margin than 35% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

28th percentile

-3.1%

Faster asset growth than 28% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

51st percentile

5.1%

Faster revenue growth than 51% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$204,216

Down $6,558 (-3.1%) from 2016

Net Assets

Down

$138,703

Down $10,443 (-7.0%) from 2016

Liabilities

Up

$65,513

Up $3,885 (+6.3%) from 2016

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin35th percentile

Revenue

Up

$823,717

Up $39,771 (+5.1%) from 2016

Expenses

Up

$834,160

Up $71,375 (+9.4%) from 2016

Net Income

Down

-$10,443

Down $31,604 (-149%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth28th 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

2017

Assets$204,216
Liabilities$65,513
Net Assets$138,703
Open 2017 Filing

Operations Trend

Revenue Growth51st 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

2017

Revenue$823,717
Expenses$834,160
Net Income-$10,443
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jul 16, 2018
Return Version
2016v3.0
Gross Receipts
$823,717
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$132,122$133,718▲ $1,596
Land, Buildings, and Equipment, Net$74,431$64,401▼ $10,030
Cash and Non-Interest-Bearing Accounts$4,221$6,097▲ $1,876
Total Assets$210,774$204,216▼ $6,558
Liabilities
Mortgage Notes Payable Secured by Investment Property$40,928$40,013▼ $915
Accounts Payable and Accrued Expenses$20,700$25,500▲ $4,800
Total Liabilities$61,628$65,513▲ $3,885
Net Assets / Fund Balance
Unrestricted Net Assets$149,146$138,703▼ $10,443
Total Net Assets Fund Balance$149,146$138,703▼ $10,443
Total Liabilities and Net Assets / Fund Balance$210,774$204,216▼ $6,558

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$35,950$99,492$135,442
Buildings$28,451$12,277$40,728
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$823,717
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-10,443
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$693,448
Salaries, Compensation, and Employee Benefits$140,712
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$117,828--$117,828
Occupancy$49,500$16,500-$66,000
Travel$45,561--$45,561
All Other Expenses$21,236$7,078-$28,314
Payroll Taxes$22,884--$22,884
Insurance$14,690$4,897-$19,587
Depreciation Depletion$10,030--$10,030
Other Expenses$7,228$2,410-$9,638
Advertising$3,200$1,067-$4,267
Office Expenses$1,635$545-$2,180
Fees for Services Other$1,471--$1,471
Total Functional Expenses$793,827$40,333$0$834,160
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 William ChaplickRent ExpenseNo$66,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$132,122$133,718▲ $1,596
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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 of Form 990 before it was filed.”

Form 990, Part VI, Section C, Line 19

“The organization makes governing documents, conflict of interest policies, and financial statemens 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
Signed
2018-07-16
Discuss with paid preparer
No

Organization Details

Principal Officer
William Caplick
Formed
1964
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
11

Preparer

Firm
Tax Resolutions Inc
Address
PO Box 248, Otego, NY 13825
Preparer
Lewis A Keyser
Phone
6079886658
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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/TotalAssetsGrp/EOYAmt0204216
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040333
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0793827
IRS990/TotalFunctionalExpensesGrp/TotalAmt0834160
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt061628
IRS990/TotalLiabilitiesEOYAmt065513
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IRS990/TotalProgramServiceExpensesAmt0793827
IRS990/TotalProgramServiceRevenueAmt0823717
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0823717
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0823717
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0210774
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0204216
IRS990/TravelGrp/ProgramServicesAmt045561
IRS990/TravelGrp/TotalAmt045561
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0149146
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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/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0William Chaplick
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director of Operations
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-16
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/FilingSecurityInformation/AtSubmissionCreationDeviceId069ADEC81D2A6B3FF45FF95BE927CA0159887EA70
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId069ADEC81D2A6B3FF45FF95BE927CA0159887EA70
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.230.193.43
ReturnHeader/FilingSecurityInformation/IPDt02018-07-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm011:43:24
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Tax Resolutions Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 248
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Otego
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd013825
ReturnHeader/PreparerPersonGrp/PhoneNum06079886658
ReturnHeader/PreparerPersonGrp/PreparationDt02018-07-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lewis A Keyser
ReturnHeader/ReturnTs02018-07-16T06:53:09-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$204,216
Liabilities
$65,513
Net assets
$138,703
Revenue
$823,717
Expenses
$834,160
Net income
-$10,443
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