Civic Intelligence

Merrick Academy - Queens Public Charter School

990 • Fiscal year 2012 • EIN 13-4119996

Jul 01, 2011 to Jun 30, 2012 • Filed on Feb 05, 2013

Organization ProfileWWW.MERRICKACADEMY.ORG

View Organization Page

207-01 Jamaica Avenue11428
Siviq Scores

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

Liabilities / Assets

54th percentile

0.33x

Higher debt load relative to assets than 54% of similar nonprofits.

2012 filings • NTEE B • $5M-$10M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

89th percentile

44%

Faster asset growth than 89% of similar nonprofits.

2012 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$3,470,669

Up $1,067,919 (+44%) from 2011

Net Assets

Up

$2,316,496

Up $1,012,173 (+78%) from 2011

Liabilities

Up

$1,154,173

Up $55,746 (+5.1%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$6,166,218

Up $105,647 (+1.7%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,675,985Liabilities 2010: $1,101,146Net Assets 2010: $574,8392010Assets 2011: $2,402,750Liabilities 2011: $1,098,427Net Assets 2011: $1,304,3232011Assets 2012: $3,470,669Liabilities 2012: $1,154,173Net Assets 2012: $2,316,4962012Assets 2013: $3,537,312Liabilities 2013: $1,029,930Net Assets 2013: $2,507,3822013Assets 2014: $1,890,051Liabilities 2014: $894,599Net Assets 2014: $995,4522014Assets 2015: $980,360Liabilities 2015: $756,809Net Assets 2015: $223,5512015Assets 2016: $2,337,535Liabilities 2016: $1,105,086Net Assets 2016: $1,232,4492016Assets 2017: $3,058,838Liabilities 2017: $1,017,143Net Assets 2017: $2,041,6952017Assets 2018: $3,303,053Liabilities 2018: $1,167,396Net Assets 2018: $2,135,6572018Assets 2019: $2,280,668Liabilities 2019: $1,201,395Net Assets 2019: $1,079,2732019Assets 2020: $3,681,182Liabilities 2020: $2,315,647Net Assets 2020: $1,365,5352020Assets 2021: $4,530,199Liabilities 2021: $1,223,678Net Assets 2021: $3,306,5212021Assets 2022: $3,505,135Liabilities 2022: $964,104Net Assets 2022: $2,541,0312022Assets 2023: $7,624,921Liabilities 2023: $5,690,805Net Assets 2023: $1,934,1162023Assets 2024: $5,596,607Liabilities 2024: $4,725,120Net Assets 2024: $871,4872024

Highlighted filing

2012

Assets$3,470,669
Liabilities$1,154,173
Net Assets$2,316,496
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $6,595,0832010Revenue 2011: $7,133,035Expenses 2011: $6,060,571Net Income 2011: $1,072,4642011Expenses 2012: $6,166,2182012Expenses 2013: $6,889,7722013Revenue 2014: $7,139,811Expenses 2014: $8,651,741Net Income 2014: -$1,511,9302014Revenue 2015: $7,567,303Expenses 2015: $8,339,204Net Income 2015: -$771,9012015Revenue 2016: $8,272,802Expenses 2016: $7,263,904Net Income 2016: $1,008,8982016Revenue 2017: $9,058,028Expenses 2017: $8,248,782Net Income 2017: $809,2462017Revenue 2018: $9,744,628Expenses 2018: $9,650,666Net Income 2018: $93,9622018Revenue 2019: $9,953,253Expenses 2019: $11,009,637Net Income 2019: -$1,056,3842019Revenue 2020: $10,545,867Expenses 2020: $10,259,605Net Income 2020: $286,2622020Revenue 2021: $12,633,967Expenses 2021: $10,692,981Net Income 2021: $1,940,9862021Revenue 2022: $11,792,569Expenses 2022: $12,558,059Net Income 2022: -$765,4902022Revenue 2023: $12,892,121Expenses 2023: $13,499,036Net Income 2023: -$606,9152023Revenue 2024: $13,510,954Expenses 2024: $14,573,583Net Income 2024: -$1,062,6292024

Highlighted filing

2012

Revenue-
Expenses$6,166,218
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Feb 5, 2013
Return Version
2011v1.5
Gross Receipts
$7,178,391
Mission and Program Overview

Mission

Merrick academy-queens public charter school is a charter school for children located in queens, new york. It educates children on a completely nondiscriminatory and secular basis. The founders and supporters of the school believe that access to a public education of high quality for all children is the foremost issue.

Filing and Contact Details

Filer

EIN
13-4119996
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0The School has adopted the provisions of FASB ASC740, Income Taxes, which applies to the positions taken or expected to be taken in a tax return. Organizations are required to recognize the effects of tax positions if they are more likely than not of being sustained. The School does not believe its financial statements include any uncertain tax positions.
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0Included in all solicitation material.
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IRS990ScheduleO/GeneralExplanation/Explanation0Available upon request and on the website.
IRS990ScheduleO/GeneralExplanation/Explanation1Merrick Children's Academy has a conflict of interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their interested party transactions.
IRS990ScheduleO/GeneralExplanation/Explanation2The draft 990 is first reviewed by the CFO of the management partner, the draft is then circulated to board members for their review and comments prior to filing the 990.
IRS990ScheduleO/GeneralExplanation/Explanation3Victory Education Partners manages the operations of the school under a management agreement entered into by the school and Victory. The agreement was executed on August 5, 2004. Per the terms of the agreement, Victory assumes responsibility for all tasks and functions associated with the educational services to be provided to the children enrolled as students at the school in accordance with the terms of the charter and the charter schools act, subject to the appropriate oversight from the school's board of trustees. Victory is responsible for designing the curriculum, acquiring educational materials, hiring all staff, and providing all financial and accounting functions. The agreement calls for Victory to be paid a fee (the fee) of $750,000. Victory is entitled to receive the management fee on a bi-monthly basis.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Line 11
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Line 3
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Line 11: Form 990 Review Process
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990/ScheduleORequired0true
IRS990/School0true
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0NY
IRS990/SubjectToProxyTax0false
IRS990/TaxableDistributions0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10Victory Partners 18 W 18th Street
IRS990/TheBooksAreInCareOf/AddressUS/City0New York
IRS990/TheBooksAreInCareOf/AddressUS/State0NY
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode010011
IRS990/TheBooksAreInCareOf/NamePerson0Paul Augello CPA
IRS990/TheBooksAreInCareOf/TelephoneNumber02127867912
IRS990/TotalAssets/BOY02402750
IRS990/TotalAssetsBOY02402750
IRS990/TotalAssets/EOY03470669
IRS990/TotalAssetsEOY03470669
IRS990/TotalCompGT150K0false

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$3,470,669
Liabilities
$1,154,173
Net assets
$2,316,496
Revenue
-
Expenses
$6,166,218
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.60$4.73$0.87$13.5$14.6$1.06
2023Detailed filing. Detailed filing data is available for this year.$7.62$5.69$1.93$12.9$13.5$0.61
2022Detailed filing. Detailed filing data is available for this year.$3.51$0.96$2.54$11.8$12.6$0.77
2021Detailed filing. Detailed filing data is available for this year.$4.53$1.22$3.31$12.6$10.7$1.94
2020Detailed filing. Detailed filing data is available for this year.$3.68$2.32$1.37$10.5$10.3$0.29
2019Detailed filing. Detailed filing data is available for this year.$2.28$1.20$1.08$9.95$11.0$1.06
2018Detailed filing. Detailed filing data is available for this year.$3.30$1.17$2.14$9.74$9.65$0.09
2017Detailed filing. Detailed filing data is available for this year.$3.06$1.02$2.04$9.06$8.25$0.81
2016Detailed filing. Detailed filing data is available for this year.$2.34$1.11$1.23$8.27$7.26$1.01
2015Detailed filing. Detailed filing data is available for this year.$0.98$0.76$0.22$7.57$8.34$0.77
2014Detailed filing. Detailed filing data is available for this year.$1.89$0.89$1.00$7.14$8.65$1.51
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.54$1.03$2.51$6.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.47$1.15$2.32$6.17
2011Summary only. Only limited summary data is available for this year.$2.40$1.10$1.30$7.13$6.06$1.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$1.10$0.57$6.60