Civic Intelligence

Intensive Education Academy Inc.

990 • Fiscal year 2022 • EIN 06-1077091

Sep 01, 2021 to Aug 31, 2022 • Filed on Apr 18, 2023

Organization ProfileWWW.INTENSIVEEDUCATIONACADEMY.ORG

View Organization Page

840 North Main StreetWest Hartford, CT 06117

(860) 236-2049

Siviq Scores

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

Liabilities / Assets

26th percentile

0.02x

Higher debt load relative to assets than 26% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

21st percentile

0.03x

Higher debt load relative to revenue than 21% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

28th percentile

-2.1%

Higher net margin than 28% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

59th percentile

$144,061

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

16th percentile

-11%

Faster asset growth than 16% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

40th percentile

-0.4%

Faster revenue growth than 40% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets26th percentile

Assets

Down

$9,094,403

Down $1,163,603 (-11%) from 2021

Net Assets

Down

$8,882,091

Down $970,607 (-9.9%) from 2021

Liabilities

Down

$212,312

Down $192,996 (-48%) from 2021

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin28th percentile

Revenue

Down

$6,132,871

Down $26,479 (-0.4%) from 2021

Expenses

Up

$6,262,245

Up $553,069 (+9.7%) from 2021

Net Income

Down

-$129,374

Down $579,548 (-129%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$15M$10M$5.0M$0Assets 2010: $7,214,465Liabilities 2010: $131,053Net Assets 2010: $7,083,4122010Assets 2011: $7,470,517Liabilities 2011: $59,098Net Assets 2011: $7,411,4192011Assets 2012: $7,474,889Liabilities 2012: $83,076Net Assets 2012: $7,391,8132012Assets 2013: $7,675,448Liabilities 2013: $136,540Net Assets 2013: $7,538,9082013Assets 2014: $7,834,799Liabilities 2014: $120,163Net Assets 2014: $7,714,6362014Assets 2015: $7,433,801Liabilities 2015: $162,608Net Assets 2015: $7,271,1932015Assets 2016: $7,346,252Liabilities 2016: $373,659Net Assets 2016: $6,972,5932016Assets 2017: $7,666,406Liabilities 2017: $339,982Net Assets 2017: $7,326,4242017Assets 2018: $8,118,494Liabilities 2018: $536,435Net Assets 2018: $7,582,0592018Assets 2019: $8,143,647Liabilities 2019: $311,203Net Assets 2019: $7,832,4442019Assets 2020: $9,123,590Liabilities 2020: $551,535Net Assets 2020: $8,572,0552020Assets 2021: $10,258,006Liabilities 2021: $405,308Net Assets 2021: $9,852,6982021Assets 2022: $9,094,403Liabilities 2022: $212,312Net Assets 2022: $8,882,0912022Assets 2023: $10,887,845Liabilities 2023: $294,183Net Assets 2023: $10,593,6622023Assets 2024: $12,121,312Liabilities 2024: $368,995Net Assets 2024: $11,752,3172024

Highlighted filing

2022

Assets$9,094,403
Liabilities$212,312
Net Assets$8,882,091
Open 2022 Filing

Operations Trend

Revenue Growth40th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $2,716,8642010Expenses 2011: $2,726,8452011Revenue 2012: $2,732,360Expenses 2012: $2,835,249Net Income 2012: -$102,8892012Revenue 2013: $2,953,423Expenses 2013: $2,991,765Net Income 2013: -$38,3422013Revenue 2014: $3,024,310Expenses 2014: $3,149,542Net Income 2014: -$125,2322014Revenue 2015: $3,305,046Expenses 2015: $3,191,415Net Income 2015: $113,6312015Revenue 2016: $3,196,395Expenses 2016: $3,550,811Net Income 2016: -$354,4162016Revenue 2017: $3,788,923Expenses 2017: $3,713,228Net Income 2017: $75,6952017Revenue 2018: $4,451,483Expenses 2018: $4,379,010Net Income 2018: $72,4732018Revenue 2019: $5,728,747Expenses 2019: $5,276,983Net Income 2019: $451,7642019Revenue 2020: $6,088,622Expenses 2020: $5,220,614Net Income 2020: $868,0082020Revenue 2021: $6,159,350Expenses 2021: $5,709,176Net Income 2021: $450,1742021Revenue 2022: $6,132,871Expenses 2022: $6,262,245Net Income 2022: -$129,3742022Revenue 2023: $7,883,668Expenses 2023: $6,444,024Net Income 2023: $1,439,6442023Revenue 2024: $5,461,297Expenses 2024: $5,249,684Net Income 2024: $211,6132024

Highlighted filing

2022

Revenue$6,132,871
Expenses$6,262,245
Net Income-$129,374
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Apr 18, 2023
Return Version
2021v4.0
Gross Receipts
$6,268,263
Mission and Program Overview

Mission

To provide a sound and appropriate education for students with learning disabilities.

Iea's mission is to help disabled students reach their full potential, through a nurturing and individualized learning environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,454,842$4,981,790▼ $473,052
Land, Buildings, and Equipment, Net$3,581,997$3,385,743▼ $196,254
Cash and Non-Interest-Bearing Accounts$745,873$557,287▼ $188,586
Savings and Temporary Cash Investments$104,898--
Accounts Receivable$246,044$104,863▼ $141,181
Prepaid Expenses and Deferred Charges$47,179$37,910▼ $9,269
Pledges and Grants Receivable$58,333$8,500▼ $49,833
Total Assets$10,258,006$9,094,403▼ $1,163,603
Other Assets Total$18,840$18,310▼ $530
Liabilities
Accounts Payable and Accrued Expenses$291,308$192,312▼ $98,996
Other Liabilities$114,000$12,500▼ $101,500
Deferred Revenue-$7,500-
Total Liabilities$405,308$212,312▼ $192,996
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,797,082$8,848,080▼ $949,002
Net Assets With Donor Restrictions$55,616$34,011▼ $21,605
Total Net Assets Fund Balance$9,852,698$8,882,091▼ $970,607
Total Liabilities and Net Assets / Fund Balance$10,258,006$9,094,403▼ $1,163,603

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,237,958$3,429,733$5,667,691
Land$1,145,384-$1,145,384
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeff FormanExe Director ThurFT$137,941$6,120$144,061
Ana Marie AlvarezDirector of Fin.FT$83,830-$83,830

Board Members and Trustees

NameTitle
Charles MonzeglioPresident
Chris JoplinPresident
Corey GliderDirector
Ester VallasDirector
Felicia ColemanDirector
Gail BudrejkoDirector
James HeneghanDirector
Julie KrugDirector
Lavonne WomackDirector
Lorraine WhiteDirector
Lynn BrooksDirector
Michael LeporeDirector
Sister Barbara MullenDirector
Sister Helen DowdDirector
Lori SusiExecutive Di
James T Scully EsquireVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$110,894
Program Service Revenue
$5,920,954
Investment Income
$101,023
Other Revenue
$0
All Other Contributions
$87,344
Change in Net Assets
$-129,374

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,075,690
Revenue Not Reported on Financial Statements
$57,181
Revenue Not Reported on Form 990
$-841,233
Other Revenue Adjustments
$24,344
Total Revenue per Audited Statements
$5,234,457
Total Revenue per Form 990
$6,132,871
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,973,206
Other Expenses$1,264,695
Total Fundraising Expense$170,901
Grants and Similar Amounts Paid$24,344
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,324,915$409,243$93,299$3,827,457
Other Employee Benefits$610,610$85,559$15,611$711,780
Fees for Services Other$391,357$100-$391,457
Payroll Taxes$252,165$36,047$7,816$296,028
Depreciation Depletion$268,538$16,884-$285,422
Occupancy$179,531$19,007$5,702$204,240
Current Officers, Directors, Trustees, and Key Employees$20,691$103,456$13,794$137,941
Office Expenses$25,669$57,184$3,904$86,757
Insurance$42,426$5,716$871$49,013
Fees for Services Legal$5,475$33,888-$39,363
Fees for Service Investment Mgmnt Fees-$32,837-$32,837
Grants to Domestic Individuals$24,344--$24,344
Other Expenses$19,359$3,772$575$23,131
All Other Expenses$23,683$-73,382$132$-49,567
Total Functional Expenses$5,324,265$767,079$170,901$6,262,245

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,262,245
Expenses per Audited Statements$6,205,064
Total Expenses per Audited Statements$6,205,064
Expenses Not Reported on Financial Statements$57,181
Other Expense Adjustments$24,344
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Stars$23,550---
Total Events$23,550---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contributions Payable$12,500
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 35% controlled entity
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
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, Page 6, Part VI, Line 11B

“The finance manager and the treasurer review the form 990 before it is filed. A draft of the 990 is provided to the board prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Conflict of interests are monitored through the annual board disclosure process.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors evaluates and reviews the performance and salary of the top management on an annual basis.”

Form 990, Page 6, Part VI, Line 15B

“The board of directors evaluates and reviews the performance and salary of the top management on an annual basis.”

Form 990, Page 6, Part VI, Line 19

“The governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Intensive Education Academy Inc
EIN
06-1077091
Phone
8602362049
Address
840 NORTH MAIN STREET, WEST HARTFORD, CT 06117

Signing Officer

Name
Lori Susi
Title
Executive Director
Phone
8602362049
Signed
2023-04-18

Organization Details

Principal Officer
Lori Susi
Formed
1971
Legal Domicile
Ct
Voting Board Members
16
Independent Board Members
16
Employees
113
Volunteers
25

Preparer

Firm
Fiondella Milone & Lasaracina Llp
Address
300 WINDING BROOK DR STE 1, GLASTONBURY, CT 06033
Preparer
Amber D Tucker
Phone
8606573651
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Scholarships -24,344 scholarships 24,344”

Financial Statement Notes

Schedule D, Page 3, Part X

“The academy is a tax-exempt organization as described in section 501(c)(3) of the internal revenue code and, except for taxes pertaining to unrelated business income, is exempt from federal and state income taxes. No provision has been made for income taxes in the accompanying financial statements as the academy has had no unrelated business income. The academy has not taken any tax positions which would have a material effect, individually or in the aggregate, upon the academy's financial statements. The academy believes it has not taken any significant uncertain tax positions or any tax positions that would jeopardize the academy's tax-exempt status. The academy files income tax returns in the applicable jurisdictions and is no longer subject to examinations by tax authorities for years before august 31, 2019.”

Schedule D, Page 4, Part XI, Line 4B

“SCHOLARSHIPS 24,344”

Schedule D, Page 4, Part XII, Line 4B

“SCHOLARSHIPS 24,344”

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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/Desc0IEA PROVIDES EDUCATION PROGRAMS FOR STUDENTS DIAGNOSED WITH: AUTISM, DEVELOPMENTAL DELAY, DYSLEXIA, MILD EMOTIONAL DISTURBANCE, INTELLECTUAL DISABILITY, SPECIFIC LEARNING DISABILITY, VISUAL OR HEARING IMPAIRMENT, ORTHOPEDIC IMPAIRMENT, TRAUMATIC BRAIN INJURY, MULTIPLE DISABILITIES, AND/OR OHI/ADD/ADHD. STUDENTS ARE ENCOURAGED AS UNIQUE INDIVIDUALS TO ACCEPT AND TO VALUE THEMSELVES IN AN ACADEMIC ENVIRONMENT THAT WILL MOTIVATE, CHALLENGE, AND SATISFY EACH STUDENT. THROUGH ASSESSMENT AND DEVELOPMENT OF INDIVIDUALIZED EDUCATION PROGRAMS, STUDENTS ARE ENCOURAGED TO DEVELOP THEIR INHERENT POTENTIAL IN ORDER TO PREPARE FOR THEIR FUTURE. IEA STIMULATES ENTHUSIASM FOR LEARNING IN A SUPPORTIVE AND POSITIVE ATMOSPHERE. DURING THE SCHOOL YEAR, IEA HAD 80 STUDENTS ENROLLED.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1EXE DIR THUR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIR OF FIN.
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0135392
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE A SOUND AND APPROPRIATE EDUCATION FOR STUDENTS WITH LEARNING DISABILITIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetUnrlzdGainsLossesInvstAmt0-841233
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IRS990/OccupancyGrp/TotalAmt0204240
IRS990/OfficeExpensesGrp/FundraisingAmt03904
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc0SCHOOL SUPPLIES
IRS990/OtherExpensesGrp/Desc1DEVELOPMENT EXPENSE
IRS990/OtherExpensesGrp/Desc2LICENSES, DUES AND SUBSCR
IRS990/OtherExpensesGrp/Desc3STAFF EDUCATION
IRS990/OtherExpensesGrp/FundraisingAmt0180
IRS990/OtherExpensesGrp/FundraisingAmt129017
IRS990/OtherExpensesGrp/FundraisingAmt2575
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02522
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt211316
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt33772
IRS990/OtherExpensesGrp/ProgramServicesAmt0105427
IRS990/OtherExpensesGrp/ProgramServicesAmt130075
IRS990/OtherExpensesGrp/ProgramServicesAmt219359
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IRS990/OtherExpensesGrp/TotalAmt151947
IRS990/OtherExpensesGrp/TotalAmt241966
IRS990/OtherExpensesGrp/TotalAmt323131
IRS990/OtherLiabilitiesGrp/BOYAmt0114000
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt093299
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IRS990/OtherSalariesAndWagesGrp/TotalAmt03827457
IRS990/PartialLiquidationInd0false
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IRS990/ProgramServiceRevenueGrp/Desc2OTHER PROGRAM INCOME
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IRS990/PYTotalRevenueAmt06159350
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONTRIBUTIONS PAYABLE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS AS THE ACADEMY HAS HAD NO UNRELATED BUSINESS INCOME. THE ACADEMY HAS NOT TAKEN ANY TAX POSITIONS WHICH WOULD HAVE A MATERIAL EFFECT, INDIVIDUALLY OR IN THE AGGREGATE, UPON THE ACADEMY'S FINANCIAL STATEMENTS. THE ACADEMY BELIEVES IT HAS NOT TAKEN ANY SIGNIFICANT UNCERTAIN TAX POSITIONS OR ANY TAX POSITIONS THAT WOULD JEOPARDIZE THE ACADEMY'S TAX-EXEMPT STATUS. THE ACADEMY FILES INCOME TAX RETURNS IN THE APPLICABLE JURISDICTIONS AND IS NO LONGER SUBJECT TO EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE AUGUST 31, 2019.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIPS 24,344
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SCHOLARSHIPS 24,344

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,094,403
Liabilities
$212,312
Net assets
$8,882,091
Revenue
$6,132,871
Expenses
$6,262,245
Net income
-$129,374
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$0.37$11.8$5.46$5.25$0.21
2023Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$10.9$0.29$10.6$7.88$6.44$1.44
2022Detailed filing. Detailed filing data is available for this year.$9.09$0.21$8.88$6.13$6.26$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$0.41$9.85$6.16$5.71$0.45
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.12$0.55$8.57$6.09$5.22$0.87
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.14$0.31$7.83$5.73$5.28$0.45
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.12$0.54$7.58$4.45$4.38$0.07
2017Summary only. Only limited summary data is available for this year.$7.67$0.34$7.33$3.79$3.71$0.08
2016Detailed filing. Detailed filing data is available for this year.$7.35$0.37$6.97$3.20$3.55$0.35
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.43$0.16$7.27$3.31$3.19$0.11
2014Detailed filing. Detailed filing data is available for this year.$7.83$0.12$7.71$3.02$3.15$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.68$0.14$7.54$2.95$2.99$0.04
2012Summary only. Only limited summary data is available for this year.$7.47$0.08$7.39$2.73$2.84$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.47$0.06$7.41$2.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.21$0.13$7.08$2.72