Civic Intelligence

Star Academy of Toledo Inc

990 • Fiscal year 2014 • EIN 20-8329154

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

50250 Glendale Ave43614

(419) 720-6330

Siviq Scores

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

Liabilities / Assets

97th percentile

1.58x

Higher debt load relative to assets than 97% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

68th percentile

0.28x

Higher debt load relative to revenue than 68% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

14th percentile

-19%

Higher net margin than 14% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

88th percentile

34%

Faster asset growth than 88% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

16th percentile

-15%

Faster revenue growth than 16% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$265,539

Up $67,690 (+34%) from 2013

Net Assets

Down

-$153,027

Down $281,202 (-219%) from 2013

Liabilities

Up

$418,566

Up $348,892 (+501%) from 2013

Revenue

Down

$1,470,467

Down $262,210 (-15%) from 2013

Expenses

Up

$1,751,669

Up $42,377 (+2.5%) from 2013

Net Income

Down

-$281,202

Down $304,587 (-1302%) from 2013

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2011: $403,376Liabilities 2011: $128,093Net Assets 2011: $275,2832011Assets 2012: $201,025Liabilities 2012: $96,235Net Assets 2012: $104,7902012Assets 2013: $197,849Liabilities 2013: $69,674Net Assets 2013: $128,1752013Assets 2014: $265,539Liabilities 2014: $418,566Net Assets 2014: -$153,0272014Assets 2015: $405,265Liabilities 2015: $2,502,212Net Assets 2015: -$2,096,9472015Assets 2016: $463,967Liabilities 2016: $2,680,110Net Assets 2016: -$2,216,1432016Assets 2017: $813,864Liabilities 2017: $3,200,306Net Assets 2017: -$2,386,4422017Assets 2018: $729,055Liabilities 2018: $3,360,474Net Assets 2018: -$2,631,4192018Assets 2019: $785,886Liabilities 2019: $3,315,441Net Assets 2019: -$2,529,5552019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2014

Assets$265,539
Liabilities$418,566
Net Assets-$153,027

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,934,251Expenses 2011: $1,963,790Net Income 2011: -$29,5392011Revenue 2012: $1,623,626Expenses 2012: $1,794,119Net Income 2012: -$170,4932012Revenue 2013: $1,732,677Expenses 2013: $1,709,292Net Income 2013: $23,3852013Revenue 2014: $1,470,467Expenses 2014: $1,751,669Net Income 2014: -$281,2022014Revenue 2015: $1,833,419Expenses 2015: $1,994,090Net Income 2015: -$160,6712015Revenue 2016: $2,131,142Expenses 2016: $2,250,338Net Income 2016: -$119,1962016Revenue 2017: $2,156,911Expenses 2017: $2,327,210Net Income 2017: -$170,2992017Revenue 2018: $1,571,349Expenses 2018: $1,313,940Net Income 2018: $257,4092018Revenue 2019: $1,716,612Expenses 2019: $1,614,748Net Income 2019: $101,8642019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020

Highlighted filing

2014

Revenue$1,470,467
Expenses$1,751,669
Net Income-$281,202
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 15, 2015
Return Version
2013v4.0
Gross Receipts
$1,470,467
Mission and Program Overview

Mission

The purposes for which the corporation was formed, as stated in its Articles of Incorporation, are to establish and run a charter school in the state of Ohio for the benefit of the children, of the community, and to engage in any other activities incidental to the foregoing purposes for which a corporation may be organized under Chapter 1702 of the Ohio Revised Code; provided, however, that the Corporation is organized and shall at all times be operated exclusively within the confines of IRC 501c3.

To provide opportunities for educational choice to students and families of this community. The organization is primarily engaged in providing instructional services to enrolled students in Grades K-8.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$89,349$143,525▲ $54,176
Land, Buildings, and Equipment, Net$20,927$84,053▲ $63,126
Cash and Non-Interest-Bearing Accounts$46,997--
Prepaid Expenses and Deferred Charges$40,576$37,961▼ $2,615
Total Assets$197,849$265,539▲ $67,690
Liabilities
Accounts Payable and Accrued Expenses$39,203$418,566▲ $379,363
Deferred Revenue$30,471--
Total Liabilities$69,674$418,566▲ $348,892
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$84,052▲ $84,052
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$128,175$-237,079▼ $365,254
Total Net Assets Fund Balance$128,175$-153,027▼ $281,202
Total Liabilities and Net Assets / Fund Balance$197,849$265,539▲ $67,690

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$23,579$158,783$0
Land$0-$0
Equipment$60,474$62,644$0
Leasehold Improvements$0$8,699$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dave BellBoard President
Chuck KisslingBoard Member
Darlene NewbernBoard Member
Jerry JonesBoard Member
Richard DunnBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Mosaica Education IncManagement Services-$179,435
Calvary Assembly of GodFacility Rent-$106,565
Revenue and Support

Revenue Composition

Contributions and Grants
$1,470,467
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,470,467
Change in Net Assets
$-281,202

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,470,467
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,470,467
Total Revenue per Form 990
$1,470,467
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$910,401
Other Expenses$841,268
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$703,744--$703,744
Fees for Services Other$217,814--$217,814
Other Employee Benefits$206,657--$206,657
Fees for Services Management$179,435--$179,435
Occupancy$158,615--$158,615
Other Expenses$111,184$0$0$111,184
Insurance$28,839--$28,839
Depreciation Depletion$27,356--$27,356
Fees for Services Legal$11,897--$11,897
Fees for Services Accounting$7,229--$7,229
Travel$414--$414
Total Functional Expenses$1,751,669$0$0$1,751,669

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,751,669
Total Expenses per Audited Statements$1,751,669
Total Expenses per Form 990$1,751,669
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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
Yes
Backup withholding compliance
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
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

The school contracted with a management company, Mosaica Education Inc, to provide certain administrative, instructional and financial services for the school.

Form 990, Part VI, Section B, Line 11B

The Form 990 is prepared and reviewed by the Fiscal Officer. Upon completion, the return is provided to the Board President and legal counsel for review and approval. Once approved, the fiscal officer signs and files the Form 990.

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

The Governing Board's conflict of interest policy is reviewed with new Board Members and the full governing board on a periodic basis. Governing Board members and key personnel are expected to disclose any relationships that could potentially be perceived as a conflict of interest.

Form 990, Part VI, Section C, Line 19

The Fiscal officer and board legal counsel maintain the governing documents, conflict of interest policy and financial statements and may be provided upon request.

Filing and Contact Details

Filer

EIN
20-8329154
Phone
4197206330

Signing Officer

Name
C David Massa
Title
Treasurer
Phone
3305150572
Signed
2015-05-15

Organization Details

Principal Officer
C David Massa
Formed
2006
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

All other professional and technical services provided.

Raw XML AppendixShowing 400 of 406 raw XML fields

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/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0182362
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01470467
IRS990ScheduleD/TotalBookValueLandBuildingsAmt084053
IRS990ScheduleD/TotalExpensesPerForm990Amt01751669
IRS990ScheduleD/TotalRevenuePerForm990Amt01470467
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01470467
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01751669
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/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Posted on the school's website.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1As a free, public school in Ohio, the school does not offer financial assistance or scholarships.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2As a public school in Ohio, the school is awarded funding from the State of Ohio.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The school contracted with a management company, Mosaica Education Inc, to provide certain administrative, instructional and financial services for the school.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared and reviewed by the Fiscal Officer. Upon completion, the return is provided to the Board President and legal counsel for review and approval. Once approved, the fiscal officer signs and files the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Governing Board's conflict of interest policy is reviewed with new Board Members and the full governing board on a periodic basis. Governing Board members and key personnel are expected to disclose any relationships that could potentially be perceived as a conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Fiscal officer and board legal counsel maintain the governing documents, conflict of interest policy and financial statements and may be provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All other professional and technical services provided.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0197849
IRS990/TotalAssetsEOYAmt0265539
IRS990/TotalAssetsGrp/BOYAmt0197849
IRS990/TotalAssetsGrp/EOYAmt0265539
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01470467
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01751669
IRS990/TotalFunctionalExpensesGrp/TotalAmt01751669
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt069674
IRS990/TotalLiabilitiesEOYAmt0418566
IRS990/TotalLiabilitiesGrp/BOYAmt069674
IRS990/TotalLiabilitiesGrp/EOYAmt0418566
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0128175
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-153027
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt01751669
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01470467
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0197849
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0265539
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0414
IRS990/TravelGrp/TotalAmt0414
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0128175
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-237079
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine105025 Glendale Ave
IRS990/USAddress/City0Toledo
IRS990/USAddress/State0OH
IRS990/USAddress/ZIPCode043614
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.staracademyoftoledo.com
IRS990/WhistleblowerPolicyInd01
ReasonableCauseExplanation/ExplanationTxt0The school waited for final audited financial statements before filing the Form 990 return.
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0C David Massa
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03305150572
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10STAR Academy of Toledo
ReturnHeader/Filer/BusinessNameControlTxt0STAR
ReturnHeader/Filer/EIN0208329154
ReturnHeader/Filer/PhoneNum04197206330
ReturnHeader/Filer/USAddress/AddressLine1050250 Glendale Ave
ReturnHeader/Filer/USAddress/City0Toledo
ReturnHeader/Filer/USAddress/State0OH

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