Civic Intelligence

Academy of Excellence

990 • Fiscal year 2018 • EIN 26-4247873

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 11, 2018

633 S 12th StMilwaukee, WI 53204

(414) 369-2193

Siviq Scores

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

Liabilities / Assets

97th percentile

1.54x

Higher debt load relative to assets than 97% of similar nonprofits.

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

Liabilities / Revenue

59th percentile

0.24x

Higher debt load relative to revenue than 59% of similar nonprofits.

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

Net Margin

23rd percentile

-5.6%

Higher net margin than 23% of similar nonprofits.

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

Top Officer Pay

36th percentile

$92,333

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

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

Asset Growth

84th percentile

21%

Faster asset growth than 84% of similar nonprofits.

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

Revenue Growth

50th percentile

3.7%

Faster revenue growth than 50% of similar nonprofits.

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

Assets

Up

$1,057,280

Up $185,178 (+21%) from 2017

Net Assets

Down

-$573,260

Down $379,629 (-196%) from 2017

Liabilities

Up

$1,630,540

Up $564,807 (+53%) from 2017

Revenue

Up

$6,727,451

Up $239,979 (+3.7%) from 2017

Expenses

Up

$7,107,080

Up $754,627 (+12%) from 2017

Net Income

Down

-$379,629

Down $514,648 (-381%) from 2017

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2013: $81,388Liabilities 2013: $119,445Net Assets 2013: -$38,0572013Assets 2014: $116,677Liabilities 2014: $487,631Net Assets 2014: -$370,9542014Assets 2015: $971,136Liabilities 2015: $1,087,862Net Assets 2015: -$116,7262015Assets 2016: $1,179,033Liabilities 2016: $1,507,683Net Assets 2016: -$328,6502016Assets 2017: $872,102Liabilities 2017: $1,065,733Net Assets 2017: -$193,6312017Assets 2018: $1,057,280Liabilities 2018: $1,630,540Net Assets 2018: -$573,2602018Assets 2019: $1,508,148Liabilities 2019: $1,870,719Net Assets 2019: -$362,5712019Assets 2020: $1,904,620Liabilities 2020: $2,072,245Net Assets 2020: -$167,6252020Assets 2021: $6,806,704Liabilities 2021: $5,336,622Net Assets 2021: $1,470,0822021Assets 2022: $6,388,105Liabilities 2022: $5,546,487Net Assets 2022: $841,6182022Assets 2023: $8,917,002Liabilities 2023: $4,813,586Net Assets 2023: $4,103,4162023Assets 2024: $9,917,286Liabilities 2024: $4,772,016Net Assets 2024: $5,145,2702024

Highlighted filing

2018

Assets$1,057,280
Liabilities$1,630,540
Net Assets-$573,260

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2013: $1,284,0022013Revenue 2014: $4,116,011Expenses 2014: $4,421,803Net Income 2014: -$305,7922014Revenue 2015: $4,996,893Expenses 2015: $4,760,381Net Income 2015: $236,5122015Revenue 2016: $5,808,818Expenses 2016: $5,768,423Net Income 2016: $40,3952016Revenue 2017: $6,487,472Expenses 2017: $6,352,453Net Income 2017: $135,0192017Revenue 2018: $6,727,451Expenses 2018: $7,107,080Net Income 2018: -$379,6292018Revenue 2019: $7,416,751Expenses 2019: $7,206,062Net Income 2019: $210,6892019Revenue 2020: $7,590,451Expenses 2020: $7,395,505Net Income 2020: $194,9462020Revenue 2021: $9,684,188Expenses 2021: $8,046,481Net Income 2021: $1,637,7072021Revenue 2022: $11,653,008Expenses 2022: $12,088,424Net Income 2022: -$435,4162022Revenue 2023: $17,860,404Expenses 2023: $16,687,288Net Income 2023: $1,173,1162023Revenue 2024: $28,336,334Expenses 2024: $27,294,480Net Income 2024: $1,041,8542024

Highlighted filing

2018

Revenue$6,727,451
Expenses$7,107,080
Net Income-$379,629
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 11, 2018
Return Version
2017v2.3
Gross Receipts
$6,727,451
Mission and Program Overview

Mission

The mission of the academy of excellence is to prepare students to be academically and spiritually equipped to lead and enrich their families, communities, and the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$573,769$593,637▲ $19,868
Loans From Officers Directors$150,338$408,704▲ $258,366
Cash and Non-Interest-Bearing Accounts$187,989$214,325▲ $26,336
Prepaid Expenses and Deferred Charges$66,873$195,825▲ $128,952
Accounts Receivable$5,935--
Total Assets$872,102$1,057,280▲ $185,178
Other Assets Total$37,536$53,493▲ $15,957
Liabilities
Other Liabilities$655,369$591,313▼ $64,056
Unsecured Notes Loans Payable-$403,991-
Accounts Payable and Accrued Expenses$260,026$226,532▼ $33,494
Total Liabilities$1,065,733$1,630,540▲ $564,807
Net Assets / Fund Balance
Unrestricted Net Assets$-193,631$-573,260▼ $379,629
Total Net Assets Fund Balance$-193,631$-573,260▼ $379,629
Total Liabilities and Net Assets / Fund Balance$872,102$1,057,280▲ $185,178

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$262,239$180,500$442,739
Leasehold Improvements$222,233$126,307$348,540
Equipment$109,165$90,829$199,994
Other Assets Org$18,983--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Randall R MelchertPresidentFT$92,333$92,333
Lori MelchertSecretary/trPT$54,167$54,167

Board Members and Trustees

NameTitle
Dawn AkamBoard Member
Lois MclarioVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$53,515
Program Service Revenue
$6,668,189
Investment Income
$922
Other Revenue
$4,825
All Other Contributions
$53,515
Change in Net Assets
$-379,629

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,727,451
Total Revenue per Audited Statements
$6,727,451
Total Revenue per Form 990
$6,727,451
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,871,021
Other Expenses$3,236,059
Total Fundraising Expense$10,045
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,992,876$554,402-$3,547,278
Occupancy$1,043,774$32,283-$1,076,057
Payroll Taxes$264,755$50,430-$315,185
All Other Expenses$143,651$26,790$5,518$175,959
Depreciation Depletion$142,373$4,403-$146,776
Fees for Services Other$106,606$3,297-$109,903
Office Expenses$88,823$2,747-$91,570
Fees for Services Accounting-$76,501-$76,501
Other Expenses$48,797--$48,797
Insurance$42,496$4,905-$47,401
Fees for Services Management$4,472$20,127-$24,599
Interest-$13,512-$13,512
Fees for Services Legal-$9,757-$9,757
Pension Plan Contributions$6,030$1,149-$7,179
Travel-$6,301-$6,301
Advertising--$4,527$4,527
Other Employee Benefits$1,158$221-$1,379
Total Functional Expenses$6,290,210$806,825$10,045$7,107,080

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,107,080
Total Expenses per Audited Statements$7,107,080
Total Expenses per Form 990$7,107,080
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$150,338$408,704▲ $258,366
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Wages$418,391
Payable-gm$129,244
Accrued Fica$32,007
US Bank 2313$5,604
Accrued 401(k) Match$3,464
Payroll Liabilities$2,603
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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, Page 6, Part VI, Line 2

Randall r melchert lori melchert president secretary family relationship randall r melchert lois mclario president vice preside family relationship randall r melchert dawn akam president board member family relationship

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

The form 990 is reviewed and approved at the organization's board meeting

Form 990, Page 6, Part VI, Line 19

All pertinent documents are available upon request

Filing and Contact Details

Filer

Filer Name
Academy of Excellence
EIN
26-4247873
Address
633 S 12TH ST, MILWAUKEE, WI 53204

Signing Officer

Name
Randall R Melchert
Title
President
Phone
4143692193
Signed
2018-11-11

Organization Details

Principal Officer
Randall R Melchert
Formed
2009
Legal Domicile
Wi
Voting Board Members
4
Independent Board Members
4
Employees
169
Volunteers
10

Preparer

Firm
Broesch & Co Sc
Address
1733 MANHATTAN DR, WAUKESHA, WI 53186
Preparer
Paul M Broesch Ea
Phone
2625420852
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0418391
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1129244
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt232007
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt35604
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt43464
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt52603
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED WAGES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYABLE-GM
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED FICA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3US BANK 2313
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED 401(K) MATCH
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5PAYROLL LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt06727451
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0593637
IRS990ScheduleD/TotalBookValueOtherAssetsAmt053493
IRS990ScheduleD/TotalExpensesPerForm990Amt07107080
IRS990ScheduleD/TotalLiabilityAmt0591313
IRS990ScheduleD/TotalRevenuePerForm990Amt06727451
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06727451
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07107080
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PER SUBSECTION(2)(C) OF FORM 5578,ANNUAL CERTIFICATION OF RACIAL NONDISCRIMINATION FOR A PRIVATE SCHOOL EXEMPT FROM FEDERAL INCOME TAX, THE SCHOOL CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECIEVES FUNDS FROM THE WISCONSIN DEPARTMENT OF PUBLIC INSTRUCTION VIA THE SCHOOL CHOICE PROGRAM.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt173106
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATING EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1OPERATING EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0703031
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1154088
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0LORI MELCHERT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1RANDALL MELCHERT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/TotalBalanceDueAmt0408704
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RANDALL R MELCHERT LORI MELCHERT PRESIDENT SECRETARY FAMILY RELATIONSHIP RANDALL R MELCHERT LOIS MCLARIO PRESIDENT VICE PRESIDE FAMILY RELATIONSHIP RANDALL R MELCHERT DAWN AKAM PRESIDENT BOARD MEMBER FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED AND APPROVED AT THE ORGANIZATION'S BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL PERTINENT DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0872102
IRS990/TotalAssetsEOYAmt01057280
IRS990/TotalAssetsGrp/BOYAmt0872102
IRS990/TotalAssetsGrp/EOYAmt01057280
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt053515
IRS990/TotalEmployeeCnt0169
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010045
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0806825
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06290210
IRS990/TotalFunctionalExpensesGrp/TotalAmt07107080
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01065733
IRS990/TotalLiabilitiesEOYAmt01630540
IRS990/TotalLiabilitiesGrp/BOYAmt01065733
IRS990/TotalLiabilitiesGrp/EOYAmt01630540
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-193631
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-573260
IRS990/TotalProgramServiceExpensesAmt06290210
IRS990/TotalProgramServiceRevenueAmt06668189
IRS990/TotalReportableCompFromOrgAmt0146500
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06673936
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06727451
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0872102
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01057280
IRS990/TravelGrp/ManagementAndGeneralAmt06301
IRS990/TravelGrp/TotalAmt06301
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-193631
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-573260
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0403991
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04020 NORTH 128TH STREET
IRS990/USAddress/CityNm0BROOKFIELD
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053005
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0ACADEMYOFEXCELLENCE.NET
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RANDALL R MELCHERT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04143692193
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ACADEMY OF EXCELLENCE
ReturnHeader/Filer/BusinessNameControlTxt0ACAD
ReturnHeader/Filer/EIN0264247873
ReturnHeader/Filer/USAddress/AddressLine1Txt0633 S 12TH ST
ReturnHeader/Filer/USAddress/CityNm0MILWAUKEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053204
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E01B9EDF8B058F245A186C0152D97E674DF244EA
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07715C14FFDF50B2D0670C2BE56A3576F08CFE47C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0199.195.145.180
ReturnHeader/FilingSecurityInformation/IPDt02019-05-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:03:18
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391715727
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BROESCH & CO SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01733 MANHATTAN DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WAUKESHA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI

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