Civic Intelligence

Omni Schools Inc

990 • Fiscal year 2014 • EIN 26-4207838

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 23, 2015

Organization ProfileWWW.OMNISCHOOLS.ORG
111 S Highland No 26338111

(901) 828-4912

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.37x

Higher debt load relative to assets than 72% of similar nonprofits.

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

Liabilities / Revenue

51st percentile

0.11x

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

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

Net Margin

62nd percentile

7.2%

Higher net margin than 62% of similar nonprofits.

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

Top Officer Pay

70th percentile

$99,790

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

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

Asset Growth

86th percentile

27%

Faster asset growth than 86% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$785,089

Up $167,762 (+27%) from 2013

Net Assets

Up

$492,455

Up $185,487 (+60%) from 2013

Liabilities

Down

$292,634

Down $17,725 (-5.7%) from 2013

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin62nd percentile

Revenue

$2,570,035

No earlier filing loaded for comparison.

Expenses

Up

$2,384,548

Up $360,580 (+18%) from 2013

Net Income

$185,487

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $173,063Liabilities 2010: $49,563Net Assets 2010: $123,5002010Assets 2011: $198,465Liabilities 2011: $476,620Net Assets 2011: -$278,1552011Assets 2012: $317,998Liabilities 2012: $418,433Net Assets 2012: -$100,4352012Assets 2013: $617,327Liabilities 2013: $310,359Net Assets 2013: $306,9682013Assets 2014: $785,089Liabilities 2014: $292,634Net Assets 2014: $492,4552014Assets 2015: $1,242,353Liabilities 2015: $748,361Net Assets 2015: $493,9922015

Highlighted filing

2014

Assets$785,089
Liabilities$292,634
Net Assets$492,455
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0Expenses 2010: $227,5752010Expenses 2011: $2,181,9942011Expenses 2012: $1,670,4572012Expenses 2013: $2,023,9682013Revenue 2014: $2,570,035Expenses 2014: $2,384,548Net Income 2014: $185,4872014Revenue 2015: $2,798,963Expenses 2015: $2,499,803Net Income 2015: $299,1602015

Highlighted filing

2014

Revenue$2,570,035
Expenses$2,384,548
Net Income$185,487
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 23, 2015
Return Version
2013v4.0
Gross Receipts
$2,570,035
Mission and Program Overview

Mission

To equip omni students with the academic and social skills necessary to thrive in a college enviornment and ensure that omni students develop a foundation to build a productive life of leadership, service, and lifelong learning.

To equip omni students with the academic and social skills necessary to thrive in a college environment and ensure that omni students develop a foundation to build a productive life of leadership, service, and lifelong learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$375,191$536,117▲ $160,926
Land, Buildings, and Equipment, Net$189,115$206,565▲ $17,450
Accounts Receivable$13,371$24,760▲ $11,389
Prepaid Expenses and Deferred Charges$39,650$17,647▼ $22,003
Loans From Officers Directors$200--
Total Assets$617,327$785,089▲ $167,762
Liabilities
Unsecured Notes Loans Payable$269,150$278,920▲ $9,770
Accounts Payable and Accrued Expenses$41,009$13,714▼ $27,295
Total Liabilities$310,359$292,634▼ $17,725
Net Assets / Fund Balance
Unrestricted Net Assets$306,968$492,455▲ $185,487
Total Net Assets Fund Balance$306,968$492,455▲ $185,487
Total Liabilities and Net Assets / Fund Balance$617,327$785,089▲ $167,762

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$151,058$81,901$232,959
Other Land Buildings$55,078$76,209$131,287
Leasehold Improvements$429$487$916
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Marc WillisPresident & CEOFT$99,790$99,790
Cary BookerExecutive DirectorFT$95,933$95,933

Board Members and Trustees

NameTitle
Dan PoagChairman
David MashDirector
Douglas ScarborughDirector
Dr Katherine Lambert-penningtonDirector
Linda McneilDirector
Rufus JonesDirector
Tamara ReburnDirector
Roz NicholsSecretary
Eric TurnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$138,391
Program Service Revenue
$2,431,309
Investment Income
$335
Other Revenue
$0
All Other Contributions
$38,374
Change in Net Assets
$185,487

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,570,035
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,570,035
Total Revenue per Form 990
$2,570,035
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,770,384
Other Expenses$614,164
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$999,480$367,313-$1,366,793
Occupancy-$224,864-$224,864
Other Employee Benefits$104,033$46,519-$150,552
Pension Plan Contributions$104,208$38,888-$143,096
Payroll Taxes$82,932$27,011-$109,943
Fees for Services Other$106,932--$106,932
Depreciation Depletion-$62,291-$62,291
Office Expenses-$57,575-$57,575
Fees for Services Accounting-$32,925-$32,925
Travel$4,585$13,505-$18,090
Insurance-$17,706-$17,706
Advertising-$10,681-$10,681
Interest$8,415--$8,415
Other Expenses$2,688--$2,688
Fees for Services Legal-$2,022-$2,022
Total Functional Expenses$1,483,248$901,300$0$2,384,548

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,384,548
Total Expenses per Audited Statements$2,384,548
Total Expenses per Form 990$2,384,548
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$200--
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Copies of the completed form 990 are emailed to each member of the executive committee for review before filing.”

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

“Each year, all officers, directors, trustees and key employees are required to fill out an annual survey. This survey includes questions about conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“Governing documents are made available upon request and at guidestar.org”

Filing and Contact Details

Filer

EIN
26-4207838
Phone
9018284912

Signing Officer

Name
Marc E Willis
Title
President/CEO
Phone
9018284912
Signed
2015-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marc E Willis
Formed
2009
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
9
Employees
47
Volunteers
15

Preparer

Preparer
Marcus Rountree
Phone
9015238283
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The academy adopted the income tax topic of the financial accounting standards board (fasb) accounting standards codification (asc) 740, which provides guidance for how uncertain income tax positions should be recognized, measured, presented and disclosed in the financial statements. The academy is required to evaluate the income tax positions taken or expected to be taken to determine whether the positions are "more-likely-than-not" to be sustained upon examination by the applicable tax authority. The academy has determined that the application of the income taxes standard does not impact the operations of the academy and that no provision for income tax is required in the academy's financial statements. As of june 30, 2014, the following tax years remain open due to the applicable tax authority's ability to review and assess previously issued returns: federal - june 30, 2011, 2012, 2013, and 2014. There have been no interest or penalties recognized in the statements of financial position or statements of activities and changes in net assets for the year ended june 30, 2014.”

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IRS990/PYTotalExpensesAmt02023968
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02431371
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0185487
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02431309
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0151058
IRS990ScheduleD/EquipmentGrp/DepreciationAmt081901
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0232959
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02384548
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0429
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0487
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0916
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt055078
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt076209
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0131287
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02570035
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY ADOPTED THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, WHICH PROVIDES GUIDANCE FOR HOW UNCERTAIN INCOME TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED AND DISCLOSED IN THE FINANCIAL STATEMENTS. THE ACADEMY IS REQUIRED TO EVALUATE THE INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE ACADEMY HAS DETERMINED THAT THE APPLICATION OF THE INCOME TAXES STANDARD DOES NOT IMPACT THE OPERATIONS OF THE ACADEMY AND THAT NO PROVISION FOR INCOME TAX IS REQUIRED IN THE ACADEMY'S FINANCIAL STATEMENTS. AS OF JUNE 30, 2014, THE FOLLOWING TAX YEARS REMAIN OPEN DUE TO THE APPLICABLE TAX AUTHORITY'S ABILITY TO REVIEW AND ASSESS PREVIOUSLY ISSUED RETURNS: FEDERAL - JUNE 30, 2011, 2012, 2013, AND 2014. THERE HAVE BEEN NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION OR STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEAR ENDED JUNE 30, 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0206565
IRS990ScheduleD/TotalExpensesPerForm990Amt02384548
IRS990ScheduleD/TotalRevenuePerForm990Amt02570035
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02570035
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02384548
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/ExplanationTxt0BANNERS AND POSTERS ARE CLEARLY PLACED THROUGHOUT THE OMNI SCHOOLS' FACILITIES TO EDUCATE COMMUNITY ABOUT SAID POLICIES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE ARE NOT AWARDED AS THERE IS NO COST TO THE STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION RECEIVES GRANTS AND OTHER ASSISTANCE FROM THE FEDERAL GOVERNMENT, STATE OF TENNESSEE AND SHELBY COUNTY SCHOOLS.
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/ExplanationTxt0COPIES OF THE COMPLETED FORM 990 ARE EMAILED TO EACH MEMBER OF THE EXECUTIVE COMMITTEE FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH YEAR, ALL OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO FILL OUT AN ANNUAL SURVEY. THIS SURVEY INCLUDES QUESTIONS ABOUT CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST AND AT GUIDESTAR.ORG
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 C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0617327
IRS990/TotalAssetsEOYAmt0785089
IRS990/TotalAssetsGrp/BOYAmt0617327
IRS990/TotalAssetsGrp/EOYAmt0785089
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0138391
IRS990/TotalEmployeeCnt047
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0901300
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01483248
IRS990/TotalFunctionalExpensesGrp/TotalAmt02384548
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0310359
IRS990/TotalLiabilitiesEOYAmt0292634
IRS990/TotalLiabilitiesGrp/BOYAmt0310359
IRS990/TotalLiabilitiesGrp/EOYAmt0292634
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0306968
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0492455
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01483248
IRS990/TotalProgramServiceRevenueAmt02431309
IRS990/TotalReportableCompFromOrgAmt0195723
IRS990/TotalRevenueGrp/ExclusionAmt0335
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02431309
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02570035
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0617327
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0785089
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt013505
IRS990/TravelGrp/ProgramServicesAmt04585
IRS990/TravelGrp/TotalAmt018090
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0306968
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0492455
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0269150
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0278920
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10111 S HIGHLAND NO 263
IRS990/USAddress/City0MEMPHIS
IRS990/USAddress/State0TN
IRS990/USAddress/ZIPCode038111
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt09

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$785,089
Liabilities
$292,634
Net assets
$492,455
Revenue
$2,570,035
Expenses
$2,384,548
Net income
$185,487
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$1.24$0.75$0.49$2.80$2.50$0.30
2014Detailed filing. Detailed filing data is available for this year.$0.79$0.29$0.49$2.57$2.38$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.31$0.31$2.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.42$0.10$1.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.48$0.28$2.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.05$0.12$0.23