Civic Intelligence

Nova Classical Academy

990 • Fiscal year 2011 • EIN 26-0035570

Jul 01, 2010 to Jun 30, 2011 • Filed on Apr 25, 2012

Organization Profilewww.novaclassical.org

View Organization Page

1668 Montreal Avenue55116
Siviq Scores

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

Liabilities / Assets

51st percentile

0.23x

Higher debt load relative to assets than 51% of similar nonprofits.

2011 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

Score unavailable

No value available

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

Source year 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets51st percentile

Assets

$2,065,227

No earlier filing loaded for comparison.

Net Assets

$1,597,051

No earlier filing loaded for comparison.

Liabilities

$468,176

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$5,256,746

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$20M$10M$0-$10MAssets 2011: $2,065,227Liabilities 2011: $468,176Net Assets 2011: $1,597,0512011Assets 2012: $2,717,103Liabilities 2012: $982,739Net Assets 2012: $1,734,3642012Assets 2013: $2,454,336Liabilities 2013: $588,988Net Assets 2013: $1,865,3482013Assets 2014: $2,544,689Liabilities 2014: $691,233Net Assets 2014: $1,853,4562014Assets 2015: $3,937,069Liabilities 2015: $5,710,652Net Assets 2015: -$1,773,5832015Assets 2016: $4,699,457Liabilities 2016: $5,949,750Net Assets 2016: -$1,250,2932016Assets 2017: $3,974,020Liabilities 2017: $7,113,814Net Assets 2017: -$3,139,7942017Assets 2018: $12,565,509Liabilities 2018: $17,909,555Net Assets 2018: -$5,344,0462018Assets 2019: $9,777,404Liabilities 2019: $13,641,150Net Assets 2019: -$3,863,7462019Assets 2020: $10,690,395Liabilities 2020: $15,147,543Net Assets 2020: -$4,457,1482020Assets 2021: $8,913,460Liabilities 2021: $12,361,922Net Assets 2021: -$3,448,4622021Assets 2022: $8,567,440Liabilities 2022: $11,145,009Net Assets 2022: -$2,577,5692022Assets 2023: $10,961,240Liabilities 2023: $10,379,340Net Assets 2023: $581,9002023Assets 2024: $11,312,703Liabilities 2024: $9,451,917Net Assets 2024: $1,860,7862024

Highlighted filing

2011

Assets$2,065,227
Liabilities$468,176
Net Assets$1,597,051
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $5,256,7462011Expenses 2012: $6,030,9682012Expenses 2013: $8,032,3732013Revenue 2014: $8,587,468Expenses 2014: $8,599,360Net Income 2014: -$11,8922014Revenue 2015: $9,162,835Expenses 2015: $8,743,403Net Income 2015: $419,4322015Revenue 2016: $9,730,046Expenses 2016: $9,148,380Net Income 2016: $581,6662016Revenue 2017: $10,462,008Expenses 2017: $12,351,509Net Income 2017: -$1,889,5012017Revenue 2018: $10,792,717Expenses 2018: $12,996,969Net Income 2018: -$2,204,2522018Revenue 2019: $11,312,208Expenses 2019: $11,526,284Net Income 2019: -$214,0762019Revenue 2020: $11,552,863Expenses 2020: $12,146,265Net Income 2020: -$593,4022020Revenue 2021: $12,699,443Expenses 2021: $11,690,757Net Income 2021: $1,008,6862021Revenue 2022: $12,089,324Expenses 2022: $11,218,431Net Income 2022: $870,8932022Revenue 2023: $14,524,941Expenses 2023: $11,365,472Net Income 2023: $3,159,4692023Revenue 2024: $15,911,570Expenses 2024: $14,632,684Net Income 2024: $1,278,8862024

Highlighted filing

2011

Revenue-
Expenses$5,256,746
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
Apr 25, 2012
Return Version
2010v3.4
Gross Receipts
$5,688,179
Mission and Program Overview

Mission

Offering a rigorous, through, systematic, and challenging classical education to K-12 students.

Filing and Contact Details

Filer

EIN
26-0035570
Raw XML AppendixShowing 400 of 532 raw XML fields

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IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction257744
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0EMPLOYMENT COMPENSATION
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction1EMPLOYMENT COMPENSATION
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction2EMPLOYMENT COMPENSATION
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson0MEGAN DAOUST
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson1MARIA MARCHAND
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson2CHAD LONG
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0FORMER BOARD MEMBER, CURRENT EMPLOYEE
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship1FORMER BOARD MEMBER, CURRENT EMPLOYEE
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship2FORMER BOARD MEMBER, CURRENT EMPLOYEE
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues00
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues10
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues20
IRS990ScheduleO/GeneralExplanation/Explanation0THE SCHOOL'S MEMBERS CONSIST OF PARENTS/LEGAL GUARDIANS OF ENROLLED STUDENTS, EMPLOYEES OF THE SCHOOL, AND COMMUNITY MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE SCHOOL'S BOARD OF DIRECTORS ARE ELECTED BY THE PARENTS/LEGAL GUARDIANS OF ENROLLED STUDENTS AND EMPLOYEES OF THE SCHOOL.
IRS990ScheduleO/GeneralExplanation/Explanation2CHANGES TO THE BYLAWS AFFECTING THE GOVERNANCE MODEL OF THE SCHOOL REQUIRE (1) MAJORITY APPROVAL OF A QUORUM OF THE BOARD, AND (2) APPROVAL BY THE LICENSED TEACHERS EMPLOYED BY THE SCHOOL, AND (3) APPROVAL BY THE SCHOOL'S AUTHORIZER, FRIENDS OF EDUCATION.
IRS990ScheduleO/GeneralExplanation/Explanation3A DRAFT OF THE FORM 990 IS REVIEWED AND ALL FINANCIAL INFORMATION IS VERIFIED BY THE ACADEMY'S BUSINESS MANAGER. THE EXECUTIVE DIRECTOR REVIEWS A DRAFT OF THE FORM 990 FOR ACCURACY OF NON-FINANCIAL INFORMATION. THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. ANY CONCERNS AND QUESTIONS THAT ARE BROUGHT FORWARD ARE ADDRESSED BEFORE THE FORM 990 IS FILED.
IRS990ScheduleO/GeneralExplanation/Explanation4BOARD MEMBERS COMPLETE ANNUAL CONFLICT OF INTEREST STATEMENTS REQUIRING THEM TO IDENTIFY CONFLICTS. THESE CONFLICTS ARE SHARED WITH THE BOARD WHO SHALL DETERMINE IF A CONFLICT EXISTS. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST ON A PROPOSED BOARD ACTION, THE BOARD MEMBER REFRAINS FROM VOTING ON THAT ACTION. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES.
IRS990ScheduleO/GeneralExplanation/Explanation5AN AD HOC COMMITTEE IS APPOINTED TO REVIEW ADMINISTRATIVE STRUCTURE AND COMPENSATION. THEY OBTAINED COMPENSATION SURVEY RESULTS FROM MACS, AND SOLICITED COMPARABLE CHARTER SCHOOLS TO DETERMINE AN APPROPRIATE RANGE OF SALARY AND BENEFITS. THIS PROCESS WAS LAST COMPLETED IN EARLY FISCAL YEAR 2011, WITH A THREE-YEAR COMPENSATION AGREEMENT EXECUTED IN OCTOBER, RETROACTIVE TO THE BEGINNING OF FISCAL YEAR 2011 (JULY 1, 2010). THIS PROCESS INCLUDED THE REVIEW AND APPROVAL OF COMPENSATION FOR THE EXECUTIVE DIRECTOR, B. BLOOMFIELD AND THE LOWER SCHOOL PRINCIPAL, M. MORTON.
IRS990ScheduleO/GeneralExplanation/Explanation6THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OTHER POLICIES, AND SUMMARY FINANCIAL INFORMATION AVAILABLE TO THE PUBLIC ON ITS WEB SITE. THE SCHOOL'S FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation7THE SCHOOL FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET.

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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,065,227
Liabilities
$468,176
Net assets
$1,597,051
Revenue
-
Expenses
$5,256,746
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.3$9.45$1.86$15.9$14.6$1.28
2023Detailed filing. Detailed filing data is available for this year.$11.0$10.4$0.58$14.5$11.4$3.16
2022Detailed filing. Detailed filing data is available for this year.$8.57$11.1$2.58$12.1$11.2$0.87
2021Detailed filing. Detailed filing data is available for this year.$8.91$12.4$3.45$12.7$11.7$1.01
2020Detailed filing. Detailed filing data is available for this year.$10.7$15.1$4.46$11.6$12.1$0.59
2019Detailed filing. Detailed filing data is available for this year.$9.78$13.6$3.86$11.3$11.5$0.21
2018Detailed filing. Detailed filing data is available for this year.$12.6$17.9$5.34$10.8$13.0$2.20
2017Detailed filing. Detailed filing data is available for this year.$3.97$7.11$3.14$10.5$12.4$1.89
2016Detailed filing. Detailed filing data is available for this year.$4.70$5.95$1.25$9.73$9.15$0.58
2015Detailed filing. Detailed filing data is available for this year.$3.94$5.71$1.77$9.16$8.74$0.42
2014Detailed filing. Detailed filing data is available for this year.$2.54$0.69$1.85$8.59$8.60$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$0.59$1.87$8.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.72$0.98$1.73$6.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$0.47$1.60$5.26
Peer Organizations

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