Civic Intelligence

Able Academy Inc.

990 • Fiscal year 2020 • EIN 20-3571795

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

5860 Golden Gate ParkwayNaples, FL 34116

(239) 352-7600

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$1,646,307

Flat from 2020

Net Assets

Flat

$1,474,209

Flat from 2020

Liabilities

Flat

$172,098

Flat from 2020

Revenue And Expenses

Revenue

Flat

$1,150,683

Flat from 2020

Expenses

Flat

$1,195,328

Flat from 2020

Net Income

Flat

-$44,645

Flat from 2020

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 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

2020

Assets$1,646,307
Liabilities$172,098
Net Assets$1,474,209

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 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

2020

Revenue$1,150,683
Expenses$1,195,328
Net Income-$44,645
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$1,150,870
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
Cash and Non-Interest-Bearing Accounts$740,526$900,369▲ $159,843
Land, Buildings, and Equipment, Net$758,681$736,273▼ $22,408
Accounts Receivable$21,369$9,665▼ $11,704
Total Assets$1,520,576$1,646,307▲ $125,731
Liabilities
Other Liabilities-$156,320-
Accounts Payable and Accrued Expenses$1,722$15,778▲ $14,056
Total Liabilities$1,722$172,098▲ $170,376
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,518,854$1,474,209▼ $44,645
Total Net Assets Fund Balance$1,518,854$1,474,209▼ $44,645
Total Liabilities and Net Assets / Fund Balance$1,520,576$1,646,307▲ $125,731

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,007,114-$1,007,114
Land$57,330-$57,330
Buildings$-134,689$134,689-
Equipment$-199,049$199,049-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Colleen CornwallExecutive DiFT$116,250$116,250

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$922,070
Program Service Revenue
$224,343
Investment Income
$1,339
Other Revenue
$2,931
All Other Contributions
$355,523
Change in Net Assets
$-44,645

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,150,683
Total Revenue per Audited Statements
$1,150,683
Total Revenue per Form 990
$1,150,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$855,952
Other Expenses$339,376
Total Fundraising Expense$38,963
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$672,037$45,625$30,625$748,287
Depreciation Depletion$75,517$1,573$1,573$78,663
Occupancy$64,678$1,347$1,347$67,372
Payroll Taxes$52,118$3,538$2,375$58,031
Other Employee Benefits$44,577$3,026$2,031$49,634
Information Technology$32,015--$32,015
Insurance$23,518$490$490$24,498
Fees for Services Accounting$11,496$3,039-$14,535
Office Expenses$7,697$1,689$515$9,901
Other Expenses$1,750--$1,750
All Other Expenses$852--$852
Fees for Services Legal$824--$824
Travel$253$7$7$267
Total Functional Expenses$1,096,031$60,334$38,963$1,195,328

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,195,328
Total Expenses per Audited Statements$1,195,328
Total Expenses per Form 990$1,195,328
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,118
Fundraising Direct Expenses$187
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
Forgivable Ppp Loan$156,320
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 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
Colleen Cornwall
Title
Executive Director
Phone
2393527600
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Colleen Cornwall
Formed
2005
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
25

Preparer

Firm
Sarah Ann Poteet CPA
Address
241 7TH ST SW, NAPLES, FL 34117-2137
Preparer
Sarah Ann Poteet CPA
Phone
2393521836
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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/ExplanationTxt0CPA 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/ExplanationTxt1CONFLICTS OF INTEREST POLICY IS ANNUALLY REVIEWED AND MONITORED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS SETS AND APPROVES EXECUTIVE DIRECTOR'S SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS SETS AND APPROVES FINANCE MANAGER'S SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01520576
IRS990/TotalAssetsEOYAmt01646307
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt060334
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01096031
IRS990/TotalFunctionalExpensesGrp/TotalAmt01195328
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01722
IRS990/TotalLiabilitiesEOYAmt0172098
IRS990/TotalLiabilitiesGrp/BOYAmt01722
IRS990/TotalLiabilitiesGrp/EOYAmt0172098
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01518854
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01474209
IRS990/TotalProgramServiceExpensesAmt01096031
IRS990/TotalProgramServiceRevenueAmt0224343
IRS990/TotalReportableCompFromOrgAmt0116250
IRS990/TotalRevenueGrp/ExclusionAmt04270
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0224343
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01150683
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01520576
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01646307
IRS990/TravelGrp/FundraisingAmt07
IRS990/TravelGrp/ManagementAndGeneralAmt07
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IRS990/TravelGrp/TotalAmt0267
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/USAddress/CityNm0NAPLES
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034105
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0THEABLEACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0COLLEEN CORNWALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02393527600
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
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/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/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SARAH ANN POTEET CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-15T12:45:05-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0COLLEEEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CORNWALL
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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
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