Civic Intelligence

Whitestone Academy Inc

990 • Fiscal year 2016 • EIN 11-3179475

Sep 01, 2015 to Aug 31, 2016 • Filed on Jul 15, 2017

Organization ProfileTHEWHITESONE ACADEMY.COM
150-34 12th AvenueWhitestone, NY 11357

(718) 767-0773

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.44x

Higher debt load relative to assets than 73% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

76th percentile

0.39x

Higher debt load relative to revenue than 76% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Net Margin

86th percentile

27%

Higher net margin than 86% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

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

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Asset Growth

95th percentile

116%

Faster asset growth than 95% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

89th percentile

53%

Faster revenue growth than 89% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$1,219,093

Up $654,738 (+116%) from 2015

Net Assets

Up

$683,468

Up $372,911 (+120%) from 2015

Liabilities

Up

$535,625

Up $281,827 (+111%) from 2015

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin86th percentile

Revenue

Up

$1,383,397

Up $479,298 (+53%) from 2015

Expenses

Up

$1,010,486

Up $251,923 (+33%) from 2015

Net Income

Up

$372,911

Up $227,375 (+156%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $311,270Liabilities 2010: $169,476Net Assets 2010: $141,7942010Assets 2011: $304,628Liabilities 2011: $161,817Net Assets 2011: $142,8112011Assets 2012: $412,929Liabilities 2012: $263,247Net Assets 2012: $149,6822012Assets 2013: $416,469Liabilities 2013: $255,691Net Assets 2013: $160,7782013Assets 2014: $567,061Liabilities 2014: $402,040Net Assets 2014: $165,0212014Assets 2015: $564,355Liabilities 2015: $253,798Net Assets 2015: $310,5572015Assets 2016: $1,219,093Liabilities 2016: $535,625Net Assets 2016: $683,4682016Assets 2017: $1,458,546Liabilities 2017: $513,501Net Assets 2017: $945,0452017Assets 2018: $1,640,036Liabilities 2018: $503,327Net Assets 2018: $1,136,7092018Assets 2019: $1,579,665Liabilities 2019: $278,000Net Assets 2019: $1,301,6652019Assets 2020: $1,286,001Liabilities 2020: $0Net Assets 2020: $1,286,0012020Assets 2021: $140,352Liabilities 2021: $0Net Assets 2021: $140,3522021Assets 2022: $304,524Liabilities 2022: $0Net Assets 2022: $304,5242022Assets 2023: $379,133Liabilities 2023: $0Net Assets 2023: $379,1332023Assets 2024: $186,494Liabilities 2024: $0Net Assets 2024: $186,4942024Assets 2025: $338,140Liabilities 2025: $0Net Assets 2025: $338,1402025

Highlighted filing

2016

Assets$1,219,093
Liabilities$535,625
Net Assets$683,468
Open 2016 Filing

Operations Trend

Revenue Growth89th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $747,2162010Revenue 2011: $713,262Expenses 2011: $712,245Net Income 2011: $1,0172011Revenue 2012: $685,150Expenses 2012: $678,279Net Income 2012: $6,8712012Revenue 2013: $813,372Expenses 2013: $802,276Net Income 2013: $11,0962013Revenue 2014: $803,681Expenses 2014: $799,438Net Income 2014: $4,2432014Revenue 2015: $904,099Expenses 2015: $758,563Net Income 2015: $145,5362015Revenue 2016: $1,383,397Expenses 2016: $1,010,486Net Income 2016: $372,9112016Revenue 2017: $1,375,000Expenses 2017: $1,113,423Net Income 2017: $261,5772017Revenue 2018: $1,462,800Expenses 2018: $1,271,136Net Income 2018: $191,6642018Revenue 2019: $1,394,394Expenses 2019: $1,250,514Net Income 2019: $143,8802019Revenue 2020: $890,046Expenses 2020: $905,710Net Income 2020: -$15,6642020Revenue 2021: $576,579Expenses 2021: $617,468Net Income 2021: -$40,8892021Revenue 2022: $962,097Expenses 2022: $797,925Net Income 2022: $164,1722022Revenue 2023: $865,250Expenses 2023: $790,641Net Income 2023: $74,6092023Revenue 2024: $678,037Expenses 2024: $870,676Net Income 2024: -$192,6392024Revenue 2025: $863,893Expenses 2025: $712,247Net Income 2025: $151,6462025

Highlighted filing

2016

Revenue$1,383,397
Expenses$1,010,486
Net Income$372,911
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jul 15, 2017
Return Version
2015v3.0
Gross Receipts
$1,383,397
Mission and Program Overview

Mission

Instruct grades 7 to 12 per nys guidelines of department of education

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$364,211$376,900▲ $12,689
Cash and Non-Interest-Bearing Accounts$96,978$152,625▲ $55,647
Savings and Temporary Cash Investments$31,295$114,180▲ $82,885
Land, Buildings, and Equipment, Net$71,871$67,346▼ $4,525
Total Assets$564,355$1,219,093▲ $654,738
Other Assets Total-$508,042-
Liabilities
Accounts Payable and Accrued Expenses$151,142$303,181▲ $152,039
Deferred Revenue$102,656$232,444▲ $129,788
Total Liabilities$253,798$535,625▲ $281,827
Net Assets / Fund Balance
Unrestricted Net Assets$310,557$683,468▲ $372,911
Total Net Assets Fund Balance$310,557$683,468▲ $372,911
Total Liabilities and Net Assets / Fund Balance$564,355$1,219,093▲ $654,738

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$67,346$200,658$268,004
Other Assets Org$508,042--
Compensation and Service Providers
Top Officer Pay32nd percentile

Board Members and Trustees

NameTitle
Patrick CrilleyTrustee
Paul Ottaviano MdTrustee
Robert GaglioneTrustee
Francis OttavianoPrincipal Treasurer
Laura OttavianoSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$225,329
Program Service Revenue
$1,158,068
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$372,911
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$526,622
Other Expenses$483,864
Total Fundraising Expense$18,836
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$374,518--$374,518
Occupancy$119,516--$119,516
Current Officers, Directors, Trustees, and Key Employees$33,550$16,775$16,775$67,100
Payroll Taxes$50,131$2,061$2,061$54,253
Office Expenses$49,117--$49,117
Other Employee Benefits$30,751--$30,751
Insurance$15,201--$15,201
Fees for Services Legal$8,118--$8,118
Travel$6,413--$6,413
Depreciation Depletion$4,525--$4,525
Other Expenses$3,118--$3,118
Advertising$1,518--$1,518
Total Functional Expenses$972,814$18,836$18,836$1,010,486
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
Federal income taxes-
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 Line 11B

“Final draft distributed to directors before filing.”

Form 990, Part VI, Section C, Line 19

“Documents are maintained in the school office and are available upon request.”

Filing and Contact Details

Filer

Filer Name
Whitestone Academy Inc
EIN
11-3179475
Phone
7187670773
Address
150-34 12TH AVENUE, WHITESTONE, NY 11357

Signing Officer

Name
Francis Ottaviano
Title
Principal Treasurer
Signed
2017-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Francis Ottaviano
Formed
1990
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
2
Employees
0

Preparer

Firm
Franz Michael Walter CPA
Address
5738 Brown Place, Maspeth, NY 11378
Preparer
Franz M Walter
Phone
7188990796
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0683468
IRS990/TotalProgramServiceExpensesAmt0972814
IRS990/TotalProgramServiceRevenueAmt01158068
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01383397
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0564355
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01219093
IRS990/TravelGrp/ProgramServicesAmt06413
IRS990/TravelGrp/TotalAmt06413
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0310557
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0683468
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0150-34 12TH AVENUE
IRS990/USAddress/CityNm0WHITESTONE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011357
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0THEWHITESONE ACADEMY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANCIS OTTAVIANO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WHITESTONE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0WHIT
ReturnHeader/Filer/EIN0113179475
ReturnHeader/Filer/PhoneNum07187670773
ReturnHeader/Filer/USAddress/AddressLine1Txt0150-34 12TH AVENUE
ReturnHeader/Filer/USAddress/CityNm0WHITESTONE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011357
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Franz Michael Walter CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05738 Brown Place
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Maspeth
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011378
ReturnHeader/PreparerPersonGrp/PhoneNum07188990796
ReturnHeader/PreparerPersonGrp/PreparationDt02017-07-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Franz M Walter
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-07-15T05:09:46-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-09-01
ReturnHeader/TaxPeriodEndDt02016-08-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,219,093
Liabilities
$535,625
Net assets
$683,468
Revenue
$1,383,397
Expenses
$1,010,486
Net income
$372,911
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.86$0.71$0.15
2024Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.68$0.87$0.19
2023Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.87$0.79$0.07
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.30$0.00$0.30$0.96$0.80$0.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.00$0.14$0.58$0.62$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.00$1.29$0.89$0.91$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.58$0.28$1.30$1.39$1.25$0.14
2018Detailed filing. Detailed filing data is available for this year.$1.64$0.50$1.14$1.46$1.27$0.19
2017Detailed filing. Detailed filing data is available for this year.$1.46$0.51$0.95$1.38$1.11$0.26
2016Detailed filing. Detailed filing data is available for this year.$1.22$0.54$0.68$1.38$1.01$0.37
2015Summary only. Only limited summary data is available for this year.$0.56$0.25$0.31$0.90$0.76$0.15
2014Summary only. Only limited summary data is available for this year.$0.57$0.40$0.17$0.80$0.80$0.00
2013Summary only. Only limited summary data is available for this year.$0.42$0.26$0.16$0.81$0.80$0.01
2012Summary only. Only limited summary data is available for this year.$0.41$0.26$0.15$0.69$0.68$0.01
2011Summary only. Only limited summary data is available for this year.$0.30$0.16$0.14$0.71$0.71$0.00
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.17$0.14$0.75