Civic Intelligence

Southwest Leadership Academy Charter School

990 • Fiscal year 2014 • EIN 20-1804098

Jul 01, 2013 to Jun 30, 2014 • Filed on May 15, 2015

7101 Paschall Avenue19141

(215) 729-1939

Siviq Scores

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

Liabilities / Assets

57th percentile

0.27x

Higher debt load relative to assets than 57% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

29th percentile

0.08x

Higher debt load relative to revenue than 29% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

48th percentile

2.0%

Higher net margin than 48% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

73rd percentile

11%

Faster asset growth than 73% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$1,578,231

Up $159,582 (+11%) from 2013

Net Assets

Up

$1,158,614

Up $103,132 (+9.8%) from 2013

Liabilities

Up

$419,617

Up $56,450 (+16%) from 2013

Revenue

$5,188,938

No earlier filing loaded for comparison.

Expenses

Up

$5,085,806

Up $720,074 (+16%) from 2013

Net Income

$103,132

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $721,042Liabilities 2011: $371,046Net Assets 2011: $349,9962011Assets 2012: $900,020Liabilities 2012: $361,388Net Assets 2012: $538,6322012Assets 2013: $1,418,649Liabilities 2013: $363,167Net Assets 2013: $1,055,4822013Assets 2014: $1,578,231Liabilities 2014: $419,617Net Assets 2014: $1,158,6142014Assets 2016: $2,535,176Liabilities 2016: $776,009Net Assets 2016: $1,759,1672016Assets 2017: $3,293,983Liabilities 2017: $1,254,880Net Assets 2017: $2,039,1032017Assets 2018: $12,674,883Liabilities 2018: $10,716,210Net Assets 2018: $1,958,6732018Assets 2019: $12,450,189Liabilities 2019: $11,383,489Net Assets 2019: $1,066,7002019Assets 2020: $13,006,882Liabilities 2020: $12,348,505Net Assets 2020: $658,3772020Assets 2021: $13,788,035Liabilities 2021: $11,807,614Net Assets 2021: $1,980,4212021Assets 2022: $14,438,884Liabilities 2022: $12,510,714Net Assets 2022: $1,928,1702022Assets 2023: $11,517,705Liabilities 2023: $12,241,177Net Assets 2023: -$723,4722023

Highlighted filing

2014

Assets$1,578,231
Liabilities$419,617
Net Assets$1,158,614

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $3,850,7512011Expenses 2012: $4,201,9152012Expenses 2013: $4,365,7322013Revenue 2014: $5,188,938Expenses 2014: $5,085,806Net Income 2014: $103,1322014Revenue 2016: $5,772,644Expenses 2016: $5,635,598Net Income 2016: $137,0462016Revenue 2017: $6,362,201Expenses 2017: $6,082,265Net Income 2017: $279,9362017Revenue 2018: $6,749,309Expenses 2018: $6,829,739Net Income 2018: -$80,4302018Revenue 2019: $9,726,273Expenses 2019: $10,618,246Net Income 2019: -$891,9732019Revenue 2020: $10,269,742Expenses 2020: $10,678,065Net Income 2020: -$408,3232020Revenue 2021: $11,742,259Expenses 2021: $10,420,215Net Income 2021: $1,322,0442021Revenue 2022: $13,472,093Expenses 2022: $13,356,617Net Income 2022: $115,4762022Revenue 2023: $10,972,225Expenses 2023: $13,623,867Net Income 2023: -$2,651,6422023

Highlighted filing

2014

Revenue$5,188,938
Expenses$5,085,806
Net Income$103,132
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 15, 2015
Return Version
2013v4.0
Gross Receipts
$5,188,938
Mission and Program Overview

Mission

To foster the next generation of community leaders by providing a unique, innovative educational program that offers rigorous academics and leadership development to provide hope, excitement and changes life outcomes to elementary and middle school students in Southwest Philadelphia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$785,927$949,592▲ $163,665
Pd in Cap Srpls Land Bldg Eqp Fund$785,928$949,592▲ $163,664
Accounts Receivable$120,206$456,638▲ $336,432
Cap Stk Tr Prin Current Funds$269,554$209,022▼ $60,532
Cash and Non-Interest-Bearing Accounts$431,084$121,585▼ $309,499
Prepaid Expenses and Deferred Charges$59,873$28,857▼ $31,016
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$1,418,649$1,578,231▲ $159,582
Other Assets Total$21,559$21,559→ $0
Liabilities
Accounts Payable and Accrued Expenses$362,092$419,617▲ $57,525
Deferred Revenue$1,075--
Total Liabilities$363,167$419,617▲ $56,450
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,055,482$1,158,614▲ $103,132
Total Liabilities and Net Assets / Fund Balance$1,418,649$1,578,231▲ $159,582

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$797,644$399,067$1,196,711
Equipment$151,948$565,810$717,758
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$417,965
Program Service Revenue
$4,724,518
Investment Income
$442
Other Revenue
$46,013
All Other Contributions
$6,293
Change in Net Assets
$103,132

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,188,938
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,188,938
Total Revenue per Form 990
$5,188,938
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,288,259
Other Expenses$1,797,547
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,843,575$751,950-$2,595,525
Occupancy$598,108$66,457-$664,565
Other Employee Benefits$247,946$91,300-$339,246
Payroll Taxes$198,471$90,114-$288,585
Fees for Services Other$232,753$25,982-$258,735
Fees for Services Management-$154,500-$154,500
Depreciation Depletion$113,308--$113,308
Pension Plan Contributions$44,637$20,266-$64,903
Insurance-$58,642-$58,642
Fees for Services Accounting-$37,500-$37,500
Other Expenses$30,702$139,637-$30,702
Advertising-$28,724-$28,724
All Other Expenses$370--$370
Total Functional Expenses$3,620,734$1,465,072$0$5,085,806

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,085,806
Total Expenses per Audited Statements$5,085,806
Total Expenses per Form 990$5,085,806
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

Victory Education Partners provides accounting and management services.

Form 990, Part VI, Section B, line 11

The Form 990 is distributed to all Board members upon final review.

Form 990, Part VI, Section B, line 12C

On an annual basis Board members and management must complete statements of financial interests which would disclose any potential conflicts.

Form 990, Part VI, Section C, line 18

The school makes its Forms 1023 and 990 available to the public upon request.

Form 990, Part VI, Section C, line 19

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

Filing and Contact Details

Filer

EIN
20-1804098
Phone
2157291939

Signing Officer

Name
Kymberly D H Hernandez
Title
Chair
Phone
2157291939
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kymberly D H Hernandez
Formed
2006
Legal Domicile
Pa
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Preparer
Joyce Miller
Phone
2156001701
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0151948
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0565810
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0717758
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05085806
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0797644
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0399067
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01196711
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05188938
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0949592
IRS990ScheduleD/TotalExpensesPerForm990Amt05085806
IRS990ScheduleD/TotalRevenuePerForm990Amt05188938
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05188938
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05085806
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Discrimination is prohibited by charter school law.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The School receives fedral grants passed through the PA Department of Education and participates in various cost reimbursement programs fromt the PA Department of Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Victory Education Partners provides accounting and management services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is distributed to all Board members upon final review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2On an annual basis Board members and management must complete statements of financial interests which would disclose any potential conflicts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The school makes its Forms 1023 and 990 available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The School makes its governing documents, conflict of interest policy and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01418649
IRS990/TotalAssetsEOYAmt01578231
IRS990/TotalAssetsGrp/BOYAmt01418649
IRS990/TotalAssetsGrp/EOYAmt01578231
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0417965
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01465072
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03620734
IRS990/TotalFunctionalExpensesGrp/TotalAmt05085806
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0363167
IRS990/TotalLiabilitiesEOYAmt0419617
IRS990/TotalLiabilitiesGrp/BOYAmt0363167
IRS990/TotalLiabilitiesGrp/EOYAmt0419617
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01055482
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01158614
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03620734
IRS990/TotalProgramServiceRevenueAmt04724518
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0442
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04770531
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05188938
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01418649
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01578231
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine107101 Paschall Avenue
IRS990/USAddress/City0Philadelphia
IRS990/USAddress/State0PA
IRS990/USAddress/ZIPCode019141
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0www.slacs-phila.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Kymberly D H Hernandez
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum02157291939
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10Southwest Leadership Academy Charter School
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0201804098
ReturnHeader/Filer/PhoneNum02157291939
ReturnHeader/Filer/USAddress/AddressLine107101 Paschall Avenue
ReturnHeader/Filer/USAddress/City0Philadelphia
ReturnHeader/Filer/USAddress/State0PA
ReturnHeader/Filer/USAddress/ZIPCode019141
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272001590

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$11.5$12.2$0.72$11.0$13.6$2.65
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$12.5$1.93$13.5$13.4$0.12
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$11.8$1.98$11.7$10.4$1.32
2020Summary only. Only limited summary data is available for this year.$13.0$12.3$0.66$10.3$10.7$0.41
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.5$11.4$1.07$9.73$10.6$0.89
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.7$10.7$1.96$6.75$6.83$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.29$1.25$2.04$6.36$6.08$0.28
2016Detailed filing. Detailed filing data is available for this year.$2.54$0.78$1.76$5.77$5.64$0.14
2014Detailed filing. Detailed filing data is available for this year.$1.58$0.42$1.16$5.19$5.09$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.36$1.06$4.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.36$0.54$4.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.37$0.35$3.85