Civic Intelligence

Interdistrict School for Arts and Communication Inc.

990 • Fiscal year 2022 • EIN 06-1473576

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 07, 2023

190 Governor Winthrop BlvdNew London, CT 06320

(860) 447-1003

Siviq Scores

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

Liabilities / Assets

60th percentile

0.21x

Higher debt load relative to assets than 60% of similar nonprofits.

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

Liabilities / Revenue

63rd percentile

0.28x

Higher debt load relative to revenue than 63% of similar nonprofits.

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

Net Margin

42nd percentile

3.4%

Higher net margin than 42% of similar nonprofits.

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

Top Officer Pay

78th percentile

$211,150

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

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

Asset Growth

57th percentile

3.4%

Faster asset growth than 57% of similar nonprofits.

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

Revenue Growth

65th percentile

16%

Faster revenue growth than 65% of similar nonprofits.

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

Assets

Up

$7,124,461

Up $234,961 (+3.4%) from 2021

Net Assets

Up

$5,654,063

Up $179,013 (+3.3%) from 2021

Liabilities

Up

$1,470,398

Up $55,948 (+4.0%) from 2021

Revenue

Up

$5,193,651

Up $697,272 (+16%) from 2021

Expenses

Up

$5,014,638

Up $552,341 (+12%) from 2021

Net Income

Up

$179,013

Up $144,931 (+425%) from 2021

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $3,891,913Liabilities 2011: $1,030,308Net Assets 2011: $2,861,6052011Assets 2012: $4,297,954Liabilities 2012: $527,554Net Assets 2012: $3,770,4002012Assets 2013: $5,785,870Liabilities 2013: $1,881,896Net Assets 2013: $3,903,9742013Assets 2014: $6,053,444Liabilities 2014: $695,458Net Assets 2014: $5,357,9862014Assets 2015: $7,037,233Liabilities 2015: $1,309,942Net Assets 2015: $5,727,2912015Assets 2016: $6,859,569Liabilities 2016: $1,297,017Net Assets 2016: $5,562,5522016Assets 2017: $6,525,988Liabilities 2017: $1,121,576Net Assets 2017: $5,404,4122017Assets 2018: $6,609,629Liabilities 2018: $1,329,865Net Assets 2018: $5,279,7642018Assets 2019: $6,648,038Liabilities 2019: $1,382,983Net Assets 2019: $5,265,0552019Assets 2020: $6,396,837Liabilities 2020: $955,869Net Assets 2020: $5,440,9682020Assets 2021: $6,889,500Liabilities 2021: $1,414,450Net Assets 2021: $5,475,0502021Assets 2022: $7,124,461Liabilities 2022: $1,470,398Net Assets 2022: $5,654,0632022Assets 2023: $9,641,909Liabilities 2023: $2,796,270Net Assets 2023: $6,845,6392023Assets 2024: $9,673,821Liabilities 2024: $2,812,320Net Assets 2024: $6,861,5012024Assets 2025: $11,340,468Liabilities 2025: $3,928,187Net Assets 2025: $7,412,2812025

Highlighted filing

2022

Assets$7,124,461
Liabilities$1,470,398
Net Assets$5,654,063

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,312,852Expenses 2011: $2,347,835Net Income 2011: -$34,9832011Revenue 2012: $3,473,508Expenses 2012: $2,564,713Net Income 2012: $908,7952012Revenue 2013: $2,865,367Expenses 2013: $2,731,793Net Income 2013: $133,5742013Revenue 2014: $4,978,478Expenses 2014: $3,524,466Net Income 2014: $1,454,0122014Revenue 2015: $4,188,944Expenses 2015: $3,819,639Net Income 2015: $369,3052015Revenue 2016: $3,751,649Expenses 2016: $3,916,388Net Income 2016: -$164,7392016Revenue 2017: $3,751,991Expenses 2017: $3,910,131Net Income 2017: -$158,1402017Revenue 2018: $3,508,539Expenses 2018: $3,633,187Net Income 2018: -$124,6482018Revenue 2019: $4,096,251Expenses 2019: $4,110,960Net Income 2019: -$14,7092019Revenue 2020: $4,547,583Expenses 2020: $4,371,670Net Income 2020: $175,9132020Revenue 2021: $4,496,379Expenses 2021: $4,462,297Net Income 2021: $34,0822021Revenue 2022: $5,193,651Expenses 2022: $5,014,638Net Income 2022: $179,0132022Revenue 2023: $6,240,703Expenses 2023: $5,049,127Net Income 2023: $1,191,5762023Revenue 2024: $5,571,887Expenses 2024: $5,556,025Net Income 2024: $15,8622024Revenue 2025: $6,961,943Expenses 2025: $6,411,163Net Income 2025: $550,7802025

Highlighted filing

2022

Revenue$5,193,651
Expenses$5,014,638
Net Income$179,013
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 7, 2023
Return Version
2021v4.1
Gross Receipts
$5,193,651
Mission and Program Overview

Mission

Interdistrict School for Arts and Communication (ISAAC) is an independent charter school that was founded in 1997. During the 2024-2025 school year, ISAAC expanded to include grade 4, in addition to serving grades 6-8, to identify and address student learning difficulties earlier. This expansion allows for timely interventions, stronger foundational skills, and continuity in instruction, particularly in literacy and math. Early data shows improved reading fluency, comprehension, and student engagement. ISAAC also introduced a flexible classroom approach, promoting student-centered learning through varied seating and collaborative workspaces. Aligned with ISAAC's motto, "Effort Creates Ability and All Students Can Succeed," these practices are supported by a rigorous, teacher-written curriculum, Interim Assessment Blocks, and daily math instruction for sixth graders to close achievement gaps. Partnerships with local organizations and the Anti-Defamation League's "No Place for Hate" prog

ISAAC is a safe, nurturing, and diverse middle school in which arts and communication act as the heartbeat. Our professional learning community, comprised of passionate educators, are committed to the delivery of a rigorous curriculum that promotes effort through a growth mindset. We believe that all students can succeed with hard work and grit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,202,470$5,325,762▲ $123,292
Cash and Non-Interest-Bearing Accounts$1,275,003$1,302,985▲ $27,982
Accounts Receivable$402,838$471,388▲ $68,550
Prepaid Expenses and Deferred Charges$4,329$24,326▲ $19,997
Pledges and Grants Receivable$4,860$0▼ $4,860
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$6,889,500$7,124,461▲ $234,961
Other Assets Total-$0-
Liabilities
Deferred Revenue$568,913$651,006▲ $82,093
Mortgage Notes Payable Secured by Investment Property$498,977$486,666▼ $12,311
Accounts Payable and Accrued Expenses$346,560$332,726▼ $13,834
Total Liabilities$1,414,450$1,470,398▲ $55,948
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,460,959$5,654,063▲ $193,104
Net Assets With Donor Restrictions$14,091--
Total Net Assets Fund Balance$5,475,050$5,654,063▲ $179,013
Total Liabilities and Net Assets / Fund Balance$6,889,500$7,124,461▲ $234,961

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,848,363$2,193,877$7,042,240
Equipment$205,599$253,815$459,414
Other Land Buildings$191,800-$191,800
Land$80,000-$80,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Nicholas SperaExecutive DirectorFT$181,148$30,002$211,150
Denise DunningPrincipal/ Director SEFT$127,259$3,454$130,713
William LinskiDirector of Instr, ProgFT$115,572$2,300$117,872
Tanya CollinsAsst. Prnc/ Director HRFT$104,850$1,813$106,663
Christina SchianoDirectorFT$45,991$27,393$73,384
Erica RobbFinance DirectorPT$61,308$11,870$73,178
Melanie PatersonDirectorFT$57,283-$57,283

Board Members and Trustees

NameTitle
Richard MuckleChairman
Michael SpellmanVice Chairman
David BraileyDirector
Dr Lawrence FennDirector
Elizabeth BumgardnerDirector
Karen RollinsDirector
Kevin BookerDirector
Barbara CrouchSecretary
Leota MullerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,279
Program Service Revenue
$5,186,004
Investment Income
$1,368
Other Revenue
$0
All Other Contributions
$6,279
Change in Net Assets
$179,013

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,193,651
Total Revenue per Audited Statements
$5,193,651
Total Revenue per Form 990
$5,193,651
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,706,523
Other Expenses$1,308,115
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,784,587$160,539-$2,945,126
Fees for Services Other$233,184$136,368-$369,552
Other Employee Benefits$303,503$26,095-$329,598
Current Officers, Directors, Trustees, and Key Employees$106,262$194,022-$300,284
Depreciation Depletion$196,877$12,567-$209,444
Occupancy$175,288$11,189-$186,477
Payroll Taxes$117,048$14,467-$131,515
Information Technology$80,239--$80,239
Office Expenses$37,491$5,493-$42,984
Insurance$23,857$1,477-$25,334
Interest$21,817--$21,817
Other Expenses$3,359$8,978-$12,337
Total Functional Expenses$4,424,483$590,155$0$5,014,638

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,014,638
Total Expenses per Audited Statements$5,014,638
Total Expenses per Form 990$5,014,638
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
No
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, Line 11B: Form 990 Review Process

ISAAC's Director of Finance and the ISAAC Executive Director and principal review the 990 before it is filed. The Board of Directors receives a copy of the 990 tax return before it is filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board Members are required annually to sign a conflict of interest statement.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Executive Director has an annual contract with a stipulated amount determined and voted on by the board.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

ISAAC makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Interdistrict School for Arts and
EIN
06-1473576
Phone
8604471003
Address
190 Governor Winthrop Blvd, New London, CT 06320

Signing Officer

Name
Dr Nicholas Spera
Title
Executive Director
Signed
2023-03-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Nicholas Spera
Formed
1997
Legal Domicile
Ct
Voting Board Members
11
Independent Board Members
9
Employees
65

Preparer

Firm
Doherty Beals & Banks PC
Address
187 Williams St, New London, CT 06320
Preparer
Audrey A Leone CPA
Phone
8604432033
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

The Board of Directors assumes responsibility and oversight of the audit and the selection of an independent auditor.

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IRS990/Desc0Interdistrict School for Arts and Communication (ISAAC) is an independent charter school that was founded in 1997. ISAAC serves students in grades six through eight and is the sole charter middle school in New London and Southeastern Connecticut. ISAAC provides safe, nurturing, and a diverse middle school that delivers a highly rigorous curriculum that promotes effort through a positive mindset. ISAAC is focused on the motto "all students can succeed with hard work and grit." The staff has written curriculum in a new common format and additional programs to identify learning gaps and social disparities to cultivate success for every student. ISAAC is committed to establishing equity for all students in terms of access to technology and transportation and providing engaging after-school programs that reflect cultural and athletic interests. ISAAC enjoys partnerships with local organizations such as the Mystic Seaport, Ivoryton Playhouse, United State Coast Guard Academy, Mitchell College, Project Oceanology, and Mystic Aquarium, to name a few. Furthermore, ISAAC has partnered with the Anti-Defamation League (ADL) to become a "No Place for Hate" school through its existing advisory program.
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IRS990/Form990PartVIISectionAGrp/PersonNm1Denise Dunning
IRS990/Form990PartVIISectionAGrp/PersonNm2William Linski
IRS990/Form990PartVIISectionAGrp/PersonNm3Tanya Collins
IRS990/Form990PartVIISectionAGrp/PersonNm4Christina Schiano
IRS990/Form990PartVIISectionAGrp/PersonNm5Erica Robb
IRS990/Form990PartVIISectionAGrp/PersonNm6Melanie Paterson
IRS990/Form990PartVIISectionAGrp/PersonNm7Barbara Crouch
IRS990/Form990PartVIISectionAGrp/PersonNm8Elizabeth Bumgardner
IRS990/Form990PartVIISectionAGrp/PersonNm9David Brailey
IRS990/Form990PartVIISectionAGrp/PersonNm10Leota Muller
IRS990/Form990PartVIISectionAGrp/PersonNm11Karen Rollins
IRS990/Form990PartVIISectionAGrp/PersonNm12Kevin Booker
IRS990/Form990PartVIISectionAGrp/PersonNm13Dr Lawrence Fenn
IRS990/Form990PartVIISectionAGrp/PersonNm14Michael Spellman
IRS990/Form990PartVIISectionAGrp/PersonNm15Richard Muckle
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Principal/ Dir. SE
IRS990/Form990PartVIISectionAGrp/TitleTxt2Dir of Instr, Prog
IRS990/Form990PartVIISectionAGrp/TitleTxt3Asst. Prnc/ Dir HR
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Finance Dir
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt15Chairman
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IRS990/MissionDesc0ISAAC is a safe, nurturing, and diverse middle school in which arts and communication act as the heartbeat. Our professional learning community, comprised of passionate educators, are committed to the delivery of a rigorous curriculum that promotes effort through a growth mindset. We believe that all students can succeed with hard work and grit.
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IRS990/PYTotalRevenueAmt04496379
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05186004
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt02193877
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07042240
IRS990ScheduleD/EquipmentGrp/BookValueAmt0205599
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0253815
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt080000
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0191800
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.3$3.93$7.41$6.96$6.41$0.55
2024Detailed filing. Detailed filing data is available for this year.$9.67$2.81$6.86$5.57$5.56$0.02
2023Detailed filing. Detailed filing data is available for this year.$9.64$2.80$6.85$6.24$5.05$1.19
2022Detailed filing. Detailed filing data is available for this year.$7.12$1.47$5.65$5.19$5.01$0.18
2021Detailed filing. Detailed filing data is available for this year.$6.89$1.41$5.48$4.50$4.46$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.40$0.96$5.44$4.55$4.37$0.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.65$1.38$5.27$4.10$4.11$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.61$1.33$5.28$3.51$3.63$0.12
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.53$1.12$5.40$3.75$3.91$0.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.86$1.30$5.56$3.75$3.92$0.16
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.04$1.31$5.73$4.19$3.82$0.37
2014Detailed filing. Detailed filing data is available for this year.$6.05$0.70$5.36$4.98$3.52$1.45
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$5.79$1.88$3.90$2.87$2.73$0.13
2012Summary only. Only limited summary data is available for this year.$4.30$0.53$3.77$3.47$2.56$0.91
2011Summary only. Only limited summary data is available for this year.$3.89$1.03$2.86$2.31$2.35$0.03
Peer Organizations

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