Civic Intelligence

Grand Rapids University Preparatory Academy Association

990 • Fiscal year 2018 • EIN 26-2071691

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 14, 2018

PO Box 3127Grand Rapids, MI 49501

(616) 819-1010

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.02x

Higher debt load relative to assets than 22% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

80th percentile

0.85x

Higher debt load relative to revenue than 80% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

2nd percentile

-162%

Higher net margin than 2% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

25th percentile

-3.7%

Faster asset growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

53rd percentile

5.0%

Faster revenue growth than 53% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$8,607,568

Down $332,645 (-3.7%) from 2017

Net Assets

Down

$8,435,982

Down $325,359 (-3.7%) from 2017

Liabilities

Down

$171,586

Down $7,286 (-4.1%) from 2017

Revenue

Up

$201,684

Up $9,530 (+5.0%) from 2017

Expenses

Down

$527,698

Down $6,893 (-1.3%) from 2017

Net Income

Up

-$326,014

Up $16,423 (+4.8%) from 2017

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $457,239Liabilities 2011: $40,799Net Assets 2011: $416,4402011Assets 2012: $7,144,075Liabilities 2012: $25,527Net Assets 2012: $7,118,5482012Assets 2017: $8,940,213Liabilities 2017: $178,872Net Assets 2017: $8,761,3412017Assets 2018: $8,607,568Liabilities 2018: $171,586Net Assets 2018: $8,435,9822018Assets 2019: $8,287,188Liabilities 2019: $168,600Net Assets 2019: $8,118,5882019Assets 2020: $7,985,824Liabilities 2020: $168,105Net Assets 2020: $7,817,7192020Assets 2021: $7,709,224Liabilities 2021: $82,506Net Assets 2021: $7,626,7182021Assets 2022: $7,460,350Liabilities 2022: $72,236Net Assets 2022: $7,388,1142022Assets 2023: $7,199,599Liabilities 2023: $56,469Net Assets 2023: $7,143,1302023Assets 2024: $6,980,686Liabilities 2024: $62,416Net Assets 2024: $6,918,2702024Assets 2025: $7,332,755Liabilities 2025: $480,672Net Assets 2025: $6,852,0832025

Highlighted filing

2018

Assets$8,607,568
Liabilities$171,586
Net Assets$8,435,982

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $408,9242011Expenses 2012: $469,0872012Revenue 2017: $192,154Expenses 2017: $534,591Net Income 2017: -$342,4372017Revenue 2018: $201,684Expenses 2018: $527,698Net Income 2018: -$326,0142018Revenue 2019: $247,132Expenses 2019: $564,526Net Income 2019: -$317,3942019Revenue 2020: $253,621Expenses 2020: $550,267Net Income 2020: -$296,6462020Revenue 2021: $209,727Expenses 2021: $412,051Net Income 2021: -$202,3242021Revenue 2022: $224,508Expenses 2022: $454,722Net Income 2022: -$230,2142022Revenue 2023: $274,627Expenses 2023: $521,496Net Income 2023: -$246,8692023Revenue 2024: $293,487Expenses 2024: $518,347Net Income 2024: -$224,8602024Revenue 2025: $396,953Expenses 2025: $463,140Net Income 2025: -$66,1872025

Highlighted filing

2018

Revenue$201,684
Expenses$527,698
Net Income-$326,014
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$201,684
Mission and Program Overview

Mission

To provide an environment where urban children can aspire to do great things, achieve academic success, and realize their dreams through a rigorous college preparatory curriculum, a unique school design, and the support of parents and the community.

The purpose of grand rapids university preparatory association is to provide financial support and resources to educational programs established to create opportunities for students. The association is not a school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,791,474$8,438,627▼ $352,847
Cash and Non-Interest-Bearing Accounts$78,651$114,130▲ $35,479
Pledges and Grants Receivable$16,243--
Total Assets$8,940,213$8,607,568▼ $332,645
Other Assets Total$53,845$54,811▲ $966
Liabilities
Mortgage Notes Payable Secured by Investment Property$176,317$161,317▼ $15,000
Accounts Payable and Accrued Expenses$2,555$10,269▲ $7,714
Total Liabilities$178,872$171,586▼ $7,286
Net Assets / Fund Balance
Unrestricted Net Assets$8,710,461$8,385,102▼ $325,359
Permanently Rstr Net Assets$50,000$50,000→ $0
Temporarily Rstr Net Assets$880$880→ $0
Total Net Assets Fund Balance$8,761,341$8,435,982▼ $325,359
Total Liabilities and Net Assets / Fund Balance$8,940,213$8,607,568▼ $332,645

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,501,067-$10,501,067

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$50,879-▲ $2,966-$53,845
2015$49,049$305▲ $1,525-$50,879
2014$49,519-▲ $30-$49,049
2013-$50,000▲ $19-$49,519
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$200,718
Program Service Revenue
$0
Investment Income
$966
Other Revenue
$0
All Other Contributions
$200,718
Change in Net Assets
$-326,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$527,198
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$352,847--$352,847
Occupancy$104,271--$104,271
Insurance$25,684--$25,684
Fees for Services Management$10,525--$10,525
Fees for Services Accounting-$9,996-$9,996
Interest$9,116--$9,116
Advertising$9,105--$9,105
Information Technology$3,600--$3,600
Fees for Services Other$2,054--$2,054
Grants to Domestic Individuals$500--$500
Total Functional Expenses$517,702$9,996$0$527,698
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
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
Yes
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
No

Governance Explanations

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

The association provides the finance committe with a copy of the form 990 for review prior to filing.

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

Reviewed by the board members annually. Disclosure of conflict of interest will be distributed to all board members present and e-mailed to those unable to attend the meeting. Forms will be reviewed and signed at the meeting and submitted to the board chairperson. Forms will be reviewed by the board chairperson to identiy any potential conflicts. Disclosure forms will be filed with the board minutes.

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

No compensated employee through the association.

Form 990, Page 6, Part VI, Line 19

The association will make available, upon written request, a copy of its form 990 and any governming documents required to be disclosed publicly.

Filing and Contact Details

Filer

Filer Name
Grand Rapids University Preparatory
EIN
26-2071691
Phone
6168191010
Address
PO BOX 3127, GRAND RAPIDS, MI 49501

Signing Officer

Name
Brian Cloyd
Title
Chair
Phone
6168191010
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Cloyd
Formed
2008
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
100

Preparer

Firm
Morgan & Associates Pc Cpas
Address
1787 GRAND RIDGE CT NE STE 200, GRAND RAPIDS, MI 49525-7042
Preparer
William T Morgan CPA
Phone
6167766457
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide an environment where urban children can aspire to do great things, achieve academic success, and realize their dreams through a rigorous college preparatory curriculum, a unique school design, and the support of parents and the community.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE AN ENVIRONMENT WHERE URBAN CHILDREN CAN ASPIRE TO DO GREAT THINGS, ACHIEVE ACADEMIC SUCCESS, AND REALIZE THEIR DREAMS THROUGH A RIGOROUS COLLEGE PREPARATORY CURRICULUM, A UNIQUE SCHOOL DESIGN, AND THE SUPPORT OF PARENTS AND THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION PROVIDES THE FINANCE COMMITTE WITH A COPY OF THE FORM 990 FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED BY THE BOARD MEMBERS ANNUALLY. DISCLOSURE OF CONFLICT OF INTEREST WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRESENT AND E-MAILED TO THOSE UNABLE TO ATTEND THE MEETING. FORMS WILL BE REVIEWED AND SIGNED AT THE MEETING AND SUBMITTED TO THE BOARD CHAIRPERSON. FORMS WILL BE REVIEWED BY THE BOARD CHAIRPERSON TO IDENTIY ANY POTENTIAL CONFLICTS. DISCLOSURE FORMS WILL BE FILED WITH THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO COMPENSATED EMPLOYEE THROUGH THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ASSOCIATION WILL MAKE AVAILABLE, UPON WRITTEN REQUEST, A COPY OF ITS FORM 990 AND ANY GOVERNMING DOCUMENTS REQUIRED TO BE DISCLOSED PUBLICLY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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 19
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IRS990/USAddress/AddressLine1Txt0901 44TH STREET SE
IRS990/USAddress/CityNm0GRAND RAPIDS
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN CLOYD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum06168191010
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRAND RAPIDS UNIVERSITY PREPARATORY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0GRAN
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ReturnHeader/Filer/PhoneNum06168191010
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId011D08EB2F5BE2EC3AE7D51D9233745753A7734C1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C4F4301BCA08B0DA86AB5E5E1BC737D06AE3FF09
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-02-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm008:23:03
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0264625247
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MORGAN & ASSOCIATES PC CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01787 GRAND RIDGE CT NE STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRAND RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0495257042
ReturnHeader/PreparerPersonGrp/PhoneNum06167766457
ReturnHeader/PreparerPersonGrp/PreparationDt02019-02-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM T MORGAN CPA
ReturnHeader/ReturnTs02019-02-14T08:23:03-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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