Civic Intelligence

Pattison'S Academy for Comprehensive Education

990 • Fiscal year 2015 • EIN 26-3721539

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 13, 2016

2014 Bees Ferry RoadCharleston, SC 29414

(843) 556-1070

Siviq Scores

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

Liabilities / Assets

99th percentile

6.58x

Higher debt load relative to assets than 99% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

75th percentile

0.24x

Higher debt load relative to revenue than 75% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

15th percentile

-18%

Higher net margin than 15% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

70th percentile

$56,864

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

1st percentile

-67%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

25th percentile

-10%

Faster revenue growth than 25% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$26,774

Down $74,473 (-74%) from 2013

Net Assets

Down

-$149,300

Down $151,707 (-6303%) from 2013

Liabilities

Up

$176,074

Up $77,234 (+78%) from 2013

Revenue

$741,945

No earlier filing loaded for comparison.

Expenses

Up

$876,693

Up $118,766 (+16%) from 2013

Net Income

-$134,748

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$200K$100K$0-$100K-$200KAssets 2011: $93,554Liabilities 2011: $28,531Net Assets 2011: $65,0232011Assets 2013: $101,247Liabilities 2013: $98,840Net Assets 2013: $2,4072013Assets 2015: $26,774Liabilities 2015: $176,074Net Assets 2015: -$149,3002015Assets 2016: $7,827Liabilities 2016: $151,487Net Assets 2016: -$143,6602016Assets 2018: $1,672Liabilities 2018: $61,238Net Assets 2018: -$59,5662018Assets 2019: $30,354Liabilities 2019: $117,498Net Assets 2019: -$87,1442019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2015

Assets$26,774
Liabilities$176,074
Net Assets-$149,300

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $861,8952011Expenses 2013: $757,9272013Revenue 2015: $741,945Expenses 2015: $876,693Net Income 2015: -$134,7482015Revenue 2016: $962,465Expenses 2016: $956,825Net Income 2016: $5,6402016Revenue 2018: $1,134,152Expenses 2018: $1,170,643Net Income 2018: -$36,4912018Revenue 2019: $1,058,161Expenses 2019: $1,019,283Net Income 2019: $38,8782019Revenue 2020: $1,261,244Expenses 2020: $1,158,390Net Income 2020: $102,8542020

Highlighted filing

2015

Revenue$741,945
Expenses$876,693
Net Income-$134,748
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 13, 2016
Return Version
2014v6.0
Gross Receipts
$741,945
Mission and Program Overview

Mission

Pattison's academy for comprehensive education improves the quality of life for students with multiple disabilities by integrating comprehensive educational curricula and rehabilitative therapy services.

Pattison's academy of comprehensive education will improve the quality of life for children with multiple disabilities by providing a comprehensive educational program that integrates education curricula with functional rehabilitation instruction to maximize the potential and well being of the child and to ensure family inclusion.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$36,085--
Land, Buildings, and Equipment, Net$45,314$22,774▼ $22,540
Pd in Cap Srpls Land Bldg Eqp Fund$45,314$22,774▼ $22,540
Accounts Receivable$961$4,000▲ $3,039
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-59,866$-172,074▼ $112,208
Total Assets$82,360$26,774▼ $55,586
Liabilities
Other Liabilities$60,794$84,737▲ $23,943
Unsecured Notes Loans Payable-$60,000-
Accounts Payable and Accrued Expenses$19,624$23,976▲ $4,352
Deferred Revenue$16,494$7,361▼ $9,133
Total Liabilities$96,912$176,074▲ $79,162
Net Assets / Fund Balance
Total Net Assets Fund Balance$-14,552$-149,300▼ $134,748
Total Liabilities and Net Assets / Fund Balance$82,360$26,774▼ $55,586

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22,774$83,455$106,229
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve KiernanHead of SchoolFT$55,825$1,039$56,864
Michael LisleChief Executive OfficerPT$32,395$2,208$34,603

Board Members and Trustees

NameTitle
Johnny ShortPresident
Randy DisharoonVice President & Treasurer
Carla DanielsonMember
Dale MiddletonMember
Gerry KellyMember
Melody WalkerMember
Patty CokerMember
Richard GrossMember
Kimberly RobinsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$741,893
Program Service Revenue
$0
Investment Income
$52
Other Revenue
$0
All Other Contributions
$147,718
Change in Net Assets
$-134,748

Audited Revenue Reconciliation

Revenue per Audited Statements
$741,945
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$741,945
Total Revenue per Form 990
$741,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$616,125
Other Expenses$260,568
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$417,260$84,685-$501,945
Other Employee Benefits$107,547$6,633-$114,180
Occupancy$90,007$2,836-$92,843
Depreciation Depletion$22,469--$22,469
Insurance$6,500--$6,500
Other Expenses$5,044$71-$71
Total Functional Expenses$763,080$113,613$0$876,693

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$876,693
Total Expenses per Audited Statements$876,693
Total Expenses per Form 990$876,693
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$43,560
Due to Charleston County School District$34,675
Due to State Department of Education$6,502
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
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 B, Line 11

The form 990 is reviewed internally by the management team and the board of directors.

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

Members of the board routinely recuse themselves from discussions and/or voting on issues where they may have a conflict of interest either because they are directly involved with an issue or their company may be involved with an issue. The president of the board of directors will ask any member who may have a conflict of interest to recuse themselves from discussions and/or voting on these issues.

Form 990, Part VI, Section B, Line 15

Compensation for executive director/key employees are determined through comparison with local charter schools of similar size.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
PATTISON'S ACADEMY FOR COMPREHENSIVE EDUCATION
EIN
26-3721539
Phone
8435561070
Address
2014 BEES FERRY ROAD, CHARLESTON, SC 29414

Signing Officer

Name
Michael Lisle
Title
CEO
Phone
8435561070
Signed
2016-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Lisle
Formed
2010
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
28
Volunteers
150

Preparer

Firm
Elliott Davis Decosimo Llcpllc
Address
100 CALHOUN ST STE 300, CHARLESTON, SC 29401
Preparer
Brandon T Renaud
Phone
8435777040
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed.

Financial Statement Notes

PART X, LINE 2:

The financial statements were prepared in accordance with governmental accounting which does not require the adoption of asc 740.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT & TREASURER
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt022774
IRS990ScheduleD/EquipmentGrp/DepreciationAmt083455
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0106229
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0876693
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt043560
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt134675
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt26502
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO CHARLESTON COUNTY SCHOOL DISTRICT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO STATE DEPARTMENT OF EDUCATION
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0741945
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH GOVERNMENTAL ACCOUNTING WHICH DOES NOT REQUIRE THE ADOPTION OF ASC 740.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022774
IRS990ScheduleD/TotalExpensesPerForm990Amt0876693
IRS990ScheduleD/TotalLiabilityAmt084737
IRS990ScheduleD/TotalRevenuePerForm990Amt0741945
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0741945
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0876693
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/ExplanationTxt0POLICY IS STATED IN ALL ADS SOLICITING STUDENTS AND STAFF. POLICY IS IN CHARTER AND ALL DOCUMENTS RELATED TO HIRING AND SERVICES TO STUDENTS AND THE COMMUNITY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL. THEREFORE, IT DOES NOT OFFER SCHOLARSHIPS OR FINANCIAL AID.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVES VARIOUS GOVERNMENT GRANTS FROM BOTH FEDERAL AND STATE SOURCES.
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 FORM 990 IS REVIEWED INTERNALLY BY THE MANAGEMENT TEAM AND THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE BOARD ROUTINELY RECUSE THEMSELVES FROM DISCUSSIONS AND/OR VOTING ON ISSUES WHERE THEY MAY HAVE A CONFLICT OF INTEREST EITHER BECAUSE THEY ARE DIRECTLY INVOLVED WITH AN ISSUE OR THEIR COMPANY MAY BE INVOLVED WITH AN ISSUE. THE PRESIDENT OF THE BOARD OF DIRECTORS WILL ASK ANY MEMBER WHO MAY HAVE A CONFLICT OF INTEREST TO RECUSE THEMSELVES FROM DISCUSSIONS AND/OR VOTING ON THESE ISSUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR EXECUTIVE DIRECTOR/KEY EMPLOYEES ARE DETERMINED THROUGH COMPARISON WITH LOCAL CHARTER SCHOOLS OF SIMILAR SIZE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PATTISON'S D R E A M ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0203419262
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02383 HIGHWAY 41 STE 101
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MOUNT PLEASANT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd029466
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0134301
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt172540
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt228035
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt343560
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt44000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt4CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PATTISON'S D R E A M ACADEMY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1PATTISON'S D R E A M ACADEMY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2PATTISON'S D R E A M ACADEMY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3PATTISON'S D R E A M ACADEMY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt4PATTISON'S D R E A M ACADEMY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1J
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt3E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt4M
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt082360
IRS990/TotalAssetsEOYAmt026774
IRS990/TotalAssetsGrp/BOYAmt082360
IRS990/TotalAssetsGrp/EOYAmt026774
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0741893
IRS990/TotalEmployeeCnt028
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

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