Civic Intelligence

Able Academy Inc.

990 • Fiscal year 2017 • EIN 20-3571795

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 01, 2018

5860 Golden Gate ParkwayNaples, FL 34116

(239) 352-7600

Siviq Scores

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

Liabilities / Assets

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

29th percentile

-3.9%

Higher net margin than 29% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

69th percentile

$100,000

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

24th percentile

-3.6%

Faster asset growth than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

29th percentile

-3.6%

Faster revenue growth than 29% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,228,278

Down $45,294 (-3.6%) from 2016

Net Assets

Down

$1,211,052

Down $40,363 (-3.2%) from 2016

Liabilities

Down

$17,226

Down $4,931 (-22%) from 2016

Revenue

Down

$1,040,500

Down $39,387 (-3.6%) from 2016

Expenses

Up

$1,080,863

Up $22,747 (+2.1%) from 2016

Net Income

Down

-$40,363

Down $62,134 (-285%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $172,972Liabilities 2010: $11,142Net Assets 2010: $161,8302010Assets 2011: $313,229Liabilities 2011: $3,210Net Assets 2011: $310,0192011Assets 2012: $196,140Liabilities 2012: $10,000Net Assets 2012: $186,1402012Assets 2013: $1,161,925Liabilities 2013: $16,792Net Assets 2013: $1,145,1332013Assets 2016: $1,273,572Liabilities 2016: $22,157Net Assets 2016: $1,251,4152016Assets 2017: $1,228,278Liabilities 2017: $17,226Net Assets 2017: $1,211,0522017Assets 2018: $1,420,195Liabilities 2018: $13,540Net Assets 2018: $1,406,6552018Assets 2019: $1,520,576Liabilities 2019: $897Net Assets 2019: $1,519,6792019Assets 2020: $1,646,307Liabilities 2020: $172,098Net Assets 2020: $1,474,2092020Assets 2021: $1,609,957Liabilities 2021: $5,593Net Assets 2021: $1,604,3642021Assets 2022: $1,715,654Liabilities 2022: $30,496Net Assets 2022: $1,685,1582022Assets 2023: $1,704,330Liabilities 2023: $13,072Net Assets 2023: $1,691,2582023Assets 2024: $1,564,108Liabilities 2024: $15,054Net Assets 2024: $1,549,0542024

Highlighted filing

2017

Assets$1,228,278
Liabilities$17,226
Net Assets$1,211,052

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $660,3002010Expenses 2011: $760,7092011Expenses 2012: $890,5302012Revenue 2013: $1,970,475Expenses 2013: $1,008,249Net Income 2013: $962,2262013Revenue 2016: $1,079,887Expenses 2016: $1,058,116Net Income 2016: $21,7712016Revenue 2017: $1,040,500Expenses 2017: $1,080,863Net Income 2017: -$40,3632017Revenue 2018: $1,173,637Expenses 2018: $976,535Net Income 2018: $197,1022018Revenue 2019: $1,343,267Expenses 2019: $1,238,139Net Income 2019: $105,1282019Revenue 2020: $1,150,683Expenses 2020: $1,195,328Net Income 2020: -$44,6452020Revenue 2021: $1,357,464Expenses 2021: $1,227,309Net Income 2021: $130,1552021Revenue 2022: $1,345,167Expenses 2022: $1,264,373Net Income 2022: $80,7942022Revenue 2023: $1,374,896Expenses 2023: $1,344,861Net Income 2023: $30,0352023Revenue 2024: $1,330,169Expenses 2024: $1,472,373Net Income 2024: -$142,2042024

Highlighted filing

2017

Revenue$1,040,500
Expenses$1,080,863
Net Income-$40,363
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 1, 2018
Return Version
2017v2.3
Gross Receipts
$1,041,510
Mission and Program Overview

Mission

To provide scientifically validated intervention services to individuals with developmental disabilities including(1)direct intervention/therapeutic services (2)caregiver training/support and (3)community outreach

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$731,680$725,825▼ $5,855
Cash and Non-Interest-Bearing Accounts$531,990$493,251▼ $38,739
Accounts Receivable$9,902$9,202▼ $700
Total Assets$1,273,572$1,228,278▼ $45,294
Liabilities
Accounts Payable and Accrued Expenses$22,157$17,226▼ $4,931
Total Liabilities$22,157$17,226▼ $4,931
Net Assets / Fund Balance
Temporarily Rstr Net Assets$716,925$706,656▼ $10,269
Unrestricted Net Assets$534,490$504,396▼ $30,094
Total Net Assets Fund Balance$1,251,415$1,211,052▼ $40,363
Total Liabilities and Net Assets / Fund Balance$1,273,572$1,228,278▼ $45,294

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$668,495$154,725$823,220
Land$57,330-$57,330
Compensation and Service Providers

Employees

NameTitleBaseTotal
Colleen CornwallExecutive Di$100,000$100,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$666,703
Program Service Revenue
$371,047
Investment Income
$1,160
Other Revenue
$1,590
All Other Contributions
$353,073
Change in Net Assets
$-40,363

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,040,500
Total Revenue per Audited Statements
$1,040,500
Total Revenue per Form 990
$1,040,500
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$772,466
Other Expenses$305,097
Total Fundraising Expense$18,775
Grants and Similar Amounts Paid$3,300
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$502,514$10,524$10,524$523,562
Current Officers, Directors, Trustees, and Key Employees$115,500$49,500-$165,000
Occupancy$91,503$1,906$1,906$95,315
Depreciation Depletion$66,154$1,378$1,378$68,910
Payroll Taxes$46,767$4,542$796$52,105
Other Employee Benefits$28,541$2,772$486$31,799
Information Technology$16,792$1,866-$18,658
Insurance$16,746$349$349$17,444
Office Expenses$12,942$1,618$1,617$16,177
Fees for Services Accounting$8,672$2,477$1,239$12,388
Travel$5,769$68$68$5,905
Grants to Domestic Orgs$3,300--$3,300
Other Expenses$1,616-$404$2,020
All Other Expenses$382$8$8$398
Total Functional Expenses$985,080$77,008$18,775$1,080,863

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,080,863
Total Expenses per Audited Statements$1,080,863
Total Expenses per Form 990$1,080,863
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,600
Fundraising Direct Expenses$1,010
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
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 2

Colleen cornwall joshua cornwall director officer spouse

Form 990, Page 6, Part VI, Line 11B

Cpa preparer and director colleen cornwall reveiwed all questions together. Cpa reconciled tax return to audited financial statements. Director colleen cornwall approved final draft of tax return before filed.

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

Conflicts of interest policy is annually reviewed and monitored by board of directors.

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

Board of directors sets and approves executive director's salary.

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

Board of directors sets and approves finance manager's salary.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Able Academy Inc
EIN
20-3571795
Phone
2393527600
Address
5860 GOLDEN GATE PARKWAY, NAPLES, FL 34116

Signing Officer

Name
Joshua Cornwall
Title
Treasurer
Phone
2393527600
Signed
2018-08-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Colleen Cornwall
Formed
2005
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
24

Preparer

Firm
Sarah Ann Poteet CPA
Address
241 7TH ST SW, NAPLES, FL 34117-2137
Preparer
Sarah Ann Poteet CPA
Phone
2393521836
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

ROUNDING ADJUSTMENT 0

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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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IRS990ScheduleD/LandGrp/BookValueAmt057330
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt057330
IRS990ScheduleD/RevenueSubtotalAmt01040500
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0725825
IRS990ScheduleD/TotalExpensesPerForm990Amt01080863
IRS990ScheduleD/TotalRevenuePerForm990Amt01040500
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01040500
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01080863
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL PUBLISHED MATERIALS AND WEBSITE STATE NONDISCRIMINATORY POLICY
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1ABLE ACADEMY, INC. IS A QUALIFIED PROVIDER OF EDUCATIONAL SERVICES FOR STUDENTS WHO RECEIVE THE FLORIDA MCKAY SCHOLARSHIP FOR STUDENTS WITH DISABILITIES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COLLEEN CORNWALL JOSHUA CORNWALL DIRECTOR OFFICER SPOUSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CPA PREPARER AND DIRECTOR COLLEEN CORNWALL REVEIWED ALL QUESTIONS TOGETHER. CPA RECONCILED TAX RETURN TO AUDITED FINANCIAL STATEMENTS. DIRECTOR COLLEEN CORNWALL APPROVED FINAL DRAFT OF TAX RETURN BEFORE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICTS OF INTEREST POLICY IS ANNUALLY REVIEWED AND MONITORED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS SETS AND APPROVES EXECUTIVE DIRECTOR'S SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD OF DIRECTORS SETS AND APPROVES FINANCE MANAGER'S SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ROUNDING ADJUSTMENT 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0716925
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0706656
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01273572
IRS990/TotalAssetsEOYAmt01228278
IRS990/TotalAssetsGrp/BOYAmt01273572
IRS990/TotalAssetsGrp/EOYAmt01228278
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0666703
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt018775
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt077008
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0985080
IRS990/TotalFunctionalExpensesGrp/TotalAmt01080863
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt022157
IRS990/TotalLiabilitiesEOYAmt017226
IRS990/TotalLiabilitiesGrp/BOYAmt022157
IRS990/TotalLiabilitiesGrp/EOYAmt017226
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01251415
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01211052
IRS990/TotalProgramServiceExpensesAmt0985080
IRS990/TotalProgramServiceRevenueAmt0371047
IRS990/TotalReportableCompFromOrgAmt0100000
IRS990/TotalRevenueGrp/ExclusionAmt02750
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0371047
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01040500
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01273572
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01228278
IRS990/TravelGrp/FundraisingAmt068
IRS990/TravelGrp/ManagementAndGeneralAmt068
IRS990/TravelGrp/ProgramServicesAmt05769
IRS990/TravelGrp/TotalAmt05905
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0534490
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0504396
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02835 COACH HOUSE WAY
IRS990/USAddress/CityNm0NAPLES
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034105
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0THEABLEACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSHUA CORNWALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02393527600
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ABLE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0ABLE
ReturnHeader/Filer/EIN0203571795
ReturnHeader/Filer/PhoneNum02393527600
ReturnHeader/Filer/USAddress/AddressLine1Txt05860 GOLDEN GATE PARKWAY
ReturnHeader/Filer/USAddress/CityNm0NAPLES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034116
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03B37948397D199C450A85258DA5D7414D09F1AB2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03B37948397D199C450A85258DA5D7414D09F1AB2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.144.105.38
ReturnHeader/FilingSecurityInformation/IPDt02018-08-21
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm018:55:35
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593459178
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SARAH ANN POTEET CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0241 7TH ST SW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NAPLES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0341172137
ReturnHeader/PreparerPersonGrp/PhoneNum02393521836
ReturnHeader/PreparerPersonGrp/PreparationDt02018-08-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SARAH ANN POTEET CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-08-21T19:55:35-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.56$0.02$1.55$1.33$1.47$0.14
2023Detailed filing. Detailed filing data is available for this year.$1.70$0.01$1.69$1.37$1.34$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.72$0.03$1.69$1.35$1.26$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.61$0.01$1.60$1.36$1.23$0.13
2020Detailed filing. Detailed filing data is available for this year.$1.65$0.17$1.47$1.15$1.20$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.52$1.34$1.24$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.42$0.01$1.41$1.17$0.98$0.20
2017Detailed filing. Detailed filing data is available for this year.$1.23$0.02$1.21$1.04$1.08$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.27$0.02$1.25$1.08$1.06$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.16$0.02$1.15$1.97$1.01$0.96
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.01$0.19$0.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.00$0.31$0.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.01$0.16$0.66