Civic Intelligence

Dr Robert H Faulkner Academy Inc

EIN 20-8708880 • 501(c)3 • Marion, IN

Profile

To operate a public charter school in indiana in accordance with the charter contract of the school.

1111 West 2nd StreetMarion, IN 46952

www.faulkneracademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.80x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

66th percentile

0.07x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

36th percentile

-1.5%

Higher net margin than 36% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

88th percentile

$107,309

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

10th percentile

-30%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

53rd percentile

8.6%

Faster revenue growth than 53% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$82,783

Down $35,052 (-30%) from 2018

Liabilities

Down

$66,577

Down $20,941 (-24%) from 2018

Net Assets

Down

$16,206

Down $14,111 (-47%) from 2018

Revenue

Up

$921,294

Up $72,953 (+8.6%) from 2018

Expenses

Down

$935,405

Down $139,804 (-13%) from 2018

Net Income

Up

-$14,111

Up $212,757 (+94%) from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $1,103,366Liabilities 2011: $691,553Net Assets 2011: $411,8132011Assets 2012: $951,468Liabilities 2012: $795,492Net Assets 2012: $155,9762012Assets 2013: $455,687Liabilities 2013: $101,011Net Assets 2013: $354,6762013Assets 2014: $492,150Liabilities 2014: $102,348Net Assets 2014: $389,8022014Assets 2015: $415,555Liabilities 2015: $51,778Net Assets 2015: $363,7772015Assets 2016: $486,298Liabilities 2016: $158,762Net Assets 2016: $327,5362016Assets 2017: $373,197Liabilities 2017: $116,012Net Assets 2017: $257,1852017Assets 2018: $117,835Liabilities 2018: $87,518Net Assets 2018: $30,3172018Assets 2019: $82,783Liabilities 2019: $66,577Net Assets 2019: $16,2062019

Highlighted filing

2019

Assets$82,783
Liabilities$66,577
Net Assets$16,206

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,522,3512011Expenses 2012: $1,651,1562012Expenses 2013: $1,563,0152013Revenue 2014: $1,487,117Expenses 2014: $1,451,991Net Income 2014: $35,1262014Revenue 2015: $1,188,429Expenses 2015: $1,238,205Net Income 2015: -$49,7762015Revenue 2016: $1,084,010Expenses 2016: $1,120,251Net Income 2016: -$36,2412016Revenue 2017: $1,038,506Expenses 2017: $1,108,857Net Income 2017: -$70,3512017Revenue 2018: $848,341Expenses 2018: $1,075,209Net Income 2018: -$226,8682018Revenue 2019: $921,294Expenses 2019: $935,405Net Income 2019: -$14,1112019

Highlighted filing

2019

Revenue$921,294
Expenses$935,405
Net Income-$14,111

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 10, 2019
Return Version
2018v3.1
Gross Receipts
$921,294
Mission and Program Overview

Mission

To operate a public charter school in indiana in accordance with the charter contract of the school.

Public charter school in indiana operating in accordance with the charter contract of the school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$48,514$61,488▲ $12,974
Land, Buildings, and Equipment, Net$35,883$12,639▼ $23,244
Pledges and Grants Receivable$23,599$7,909▼ $15,690
Prepaid Expenses and Deferred Charges$9,839$747▼ $9,092
Total Assets$117,835$82,783▼ $35,052
Liabilities
Accounts Payable and Accrued Expenses$87,518$66,577▼ $20,941
Total Liabilities$87,518$66,577▼ $20,941
Net Assets / Fund Balance
Unrestricted Net Assets$30,317$16,206▼ $14,111
Total Net Assets Fund Balance$30,317$16,206▼ $14,111
Total Liabilities and Net Assets / Fund Balance$117,835$82,783▼ $35,052

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$362,074$362,074
Other Land Buildings$12,639$186,488$199,127
Leasehold Improvements$0$24,341$24,341
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janice AdamsExecutive DirectorFT$93,769$13,540$107,309

Board Members and Trustees

NameTitle
Jeanne GoblePresident
William DorseyVice President
Pastor Carison AdamsBoard Member
Robert BarnettBoard Member
Anthony WeaverSecretary
Arthur FaulknerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$860,689
Program Service Revenue
$8,698
Investment Income
$0
Other Revenue
$51,907
All Other Contributions
$11,750
Change in Net Assets
$-14,111

Audited Revenue Reconciliation

Revenue per Audited Statements
$921,294
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$68,000
Total Revenue per Audited Statements
$989,294
Total Revenue per Form 990
$921,294
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$603,430
Other Expenses$331,975
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$267,582$123,176-$390,758
Current Officers, Directors, Trustees, and Key Employees$81,348$27,116-$108,464
Fees for Services Other$40,185$26,378-$66,563
Other Employee Benefits$42,874$21,550-$64,424
Occupancy$58,735--$58,735
Fees for Services Accounting-$43,647-$43,647
Payroll Taxes$24,051$11,318-$35,369
Information Technology$27,498--$27,498
Depreciation Depletion$20,104--$20,104
Office Expenses$9,354$3,865-$13,219
Insurance-$9,930-$9,930
Advertising-$6,210-$6,210
Pension Plan Contributions$2,803$1,612-$4,415
Other Expenses$3,481$13,189-$3,481
All Other Expenses$781--$781
Total Functional Expenses$632,482$302,923$0$935,405

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,003,405
Expenses per Audited Statements$935,405
Total Expenses per Form 990$935,405
Expenses Not Reported on Form 990$68,000
Expenses Not Reported on Financial Statements$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
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, Part VI, Section A, Line 2

Janice adams, executive director, and pastor carison adams, director, are related by marriage.

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

A copy of the return was provided to the board for their review. If no changes are needed, the return will be filed as prepared.

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

Conflict of interest statements are signed annually by all board members and employees. Board members are not allowed to vote on any issues in which they have, or appear to have, a conflict of interest.

Form 990, Part VI, Section B, Line 15

The salaries of officers, key employees, and top management officials were researched and compared to other charter school industry standards.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest statement, and financial statements are made available to the public upon request, whether or not the request is verbal or written.

Filing and Contact Details

Filer

Filer Name
Dr Robert H Faulkner Academy Inc
EIN
20-8708880
Phone
7656629910
Address
1111 WEST 2ND STREET, MARION, IN 46952

Signing Officer

Name
Janice Adams
Title
Executive Director
Phone
7656629910
Signed
2019-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arthur Faulkner
Formed
2008
Legal Domicile
In
Voting Board Members
6
Independent Board Members
6
Employees
16
Volunteers
18

Preparer

Firm
Donovan Pc
Address
5151 E US HWY 36, AVON, IN 46123
Preparer
Rex E Miller CPA Cgma
Phone
3177456411
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has a committee that assumes responsibility for oversight of the audit and selection of an independent accountant. The organization did not change its oversight process or selection process during the year.

Financial Statement Notes

PART X, LINE 2:

Professional accounting standards require the school to recognize a tax liability only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax liability that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax liability is recorded. The school has examined this issue and has determined that there are no material contingent tax liabilities or questionable tax positions. Tax years ending after 2015 are open to audit for both federal and state purposes.

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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/OtherLandBuildingsGrp/BookValueAmt012639
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0186488
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0199127
IRS990ScheduleD/RevenueNotReportedAmt068000
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0921294
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PROFESSIONAL ACCOUNTING STANDARDS REQUIRE THE SCHOOL TO RECOGNIZE A TAX LIABILITY ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX LIABILITY THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX LIABILITY IS RECORDED. THE SCHOOL HAS EXAMINED THIS ISSUE AND HAS DETERMINED THAT THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. TAX YEARS ENDING AFTER 2015 ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012639
IRS990ScheduleD/TotalExpensesPerForm990Amt0935405
IRS990ScheduleD/TotalRevenuePerForm990Amt0921294
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0989294
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01003405
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/ExplanationTxt0THE ADMISSION POLICY, PLACED WITH THE ENROLLMENT FORM ON THE SCHOOL'S WEBISTE, SPECIFIES THAT, "FAULKNER ACADEMY DOES NOT DISCRIMINATE BASED ON AGE, COLOR, DISABILITY, NATIONAL ORIGIN, RACE, CREED, ETHNICITY, MENTAL OR PHYSICAL DISABILITY, ANCESTRY, ATHLETIC PERFORMANCE, SPECIAL NEED, PROFICIENCY IN THE ENGLISH LANGUAGE OR ANOTHER LANGUAGE, PRIOR ACADEMIC ACHIEVEMENT, RELIGION, SEX, OR SEXUAL ORIENTATION." THE NONDISCRIMINATION POLICY IS ALSO POSTED IN THE CAFETERIA AND INCLUDED IN THE STUDENT HANDBOOK.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES GRANTS AND SUPPORT FROM BOTH FEDERAL AND STATE GOVERNMENT AGENCIES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JANICE ADAMS, EXECUTIVE DIRECTOR, AND PASTOR CARISON ADAMS, DIRECTOR, ARE RELATED BY MARRIAGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE RETURN WAS PROVIDED TO THE BOARD FOR THEIR REVIEW. IF NO CHANGES ARE NEEDED, THE RETURN WILL BE FILED AS PREPARED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST STATEMENTS ARE SIGNED ANNUALLY BY ALL BOARD MEMBERS AND EMPLOYEES. BOARD MEMBERS ARE NOT ALLOWED TO VOTE ON ANY ISSUES IN WHICH THEY HAVE, OR APPEAR TO HAVE, A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SALARIES OF OFFICERS, KEY EMPLOYEES, AND TOP MANAGEMENT OFFICIALS WERE RESEARCHED AND COMPARED TO OTHER CHARTER SCHOOL INDUSTRY STANDARDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENT, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST, WHETHER OR NOT THE REQUEST IS VERBAL OR WRITTEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0117835
IRS990/TotalAssetsEOYAmt082783
IRS990/TotalAssetsGrp/BOYAmt0117835
IRS990/TotalAssetsGrp/EOYAmt082783
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0860689
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0302923
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0632482
IRS990/TotalFunctionalExpensesGrp/TotalAmt0935405
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt087518
IRS990/TotalLiabilitiesEOYAmt066577
IRS990/TotalLiabilitiesGrp/BOYAmt087518
IRS990/TotalLiabilitiesGrp/EOYAmt066577
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt030317
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt016206
IRS990/TotalOtherCompensationAmt013540
IRS990/TotalProgramServiceExpensesAmt0632482
IRS990/TotalProgramServiceRevenueAmt08698
IRS990/TotalReportableCompFromOrgAmt093769
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt060605
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0921294
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt018
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0117835
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt082783
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt030317
IRS990/UnrestrictedNetAssetsGrp/EOYAmt016206
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01111 WEST 2ND STREET
IRS990/USAddress/CityNm0MARION
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046952
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.FAULKNERACADEMY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JANICE ADAMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07656629910
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DR ROBERT H FAULKNER ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0DRRO
ReturnHeader/Filer/EIN0208708880
ReturnHeader/Filer/PhoneNum07656629910
ReturnHeader/Filer/USAddress/AddressLine1Txt01111 WEST 2ND STREET
ReturnHeader/Filer/USAddress/CityNm0MARION
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046952
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C61F94137DE43BD871D359902D4E9BBF24EE65CE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt097.78.71.106
ReturnHeader/FilingSecurityInformation/IPDt02019-10-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm007:33:49
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351356555
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DONOVAN PC

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