Civic Intelligence

Achieve Career Preparatory Academy

990 • Fiscal year 2017 • EIN 26-4456982

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 22, 2018

3891 Martha AvenueToledo, OH 43612

(419) 243-8559

Siviq Scores

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

Liabilities / Assets

99th percentile

4.13x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

2.48x

Higher debt load relative to revenue than 92% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

8th percentile

-35%

Higher net margin than 8% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

97th percentile

164%

Faster asset growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

10th percentile

-27%

Faster revenue growth than 10% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$773,188

Up $480,781 (+164%) from 2016

Net Assets

Down

-$2,418,450

Down $450,715 (-23%) from 2016

Liabilities

Up

$3,191,638

Up $931,496 (+41%) from 2016

Revenue

Down

$1,286,235

Down $477,318 (-27%) from 2016

Expenses

Down

$1,736,950

Down $207,861 (-11%) from 2016

Net Income

Down

-$450,715

Down $269,457 (-149%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2014: $253,432Liabilities 2014: $340,114Net Assets 2014: -$86,6822014Assets 2015: $295,204Liabilities 2015: $2,081,681Net Assets 2015: -$1,786,4772015Assets 2016: $292,407Liabilities 2016: $2,260,142Net Assets 2016: -$1,967,7352016Assets 2017: $773,188Liabilities 2017: $3,191,638Net Assets 2017: -$2,418,4502017Assets 2018: $1,039,105Liabilities 2018: $3,252,382Net Assets 2018: -$2,213,2772018Assets 2019: $857,210Liabilities 2019: $2,948,198Net Assets 2019: -$2,090,9882019Assets 2020: $1,020,521Liabilities 2020: $2,881,438Net Assets 2020: -$1,860,9172020Assets 2021: $754,190Liabilities 2021: $2,775,217Net Assets 2021: -$2,021,0272021Assets 2022: $1,029,727Liabilities 2022: $2,965,451Net Assets 2022: -$1,935,7242022Assets 2023: $1,003,571Liabilities 2023: $2,643,431Net Assets 2023: -$1,639,8602023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2017

Assets$773,188
Liabilities$3,191,638
Net Assets-$2,418,450

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2014: $1,829,803Expenses 2014: $1,995,643Net Income 2014: -$165,8402014Revenue 2015: $1,820,076Expenses 2015: $1,802,260Net Income 2015: $17,8162015Revenue 2016: $1,763,553Expenses 2016: $1,944,811Net Income 2016: -$181,2582016Revenue 2017: $1,286,235Expenses 2017: $1,736,950Net Income 2017: -$450,7152017Revenue 2018: $1,580,670Expenses 2018: $1,567,577Net Income 2018: $13,0932018Revenue 2019: $1,654,492Expenses 2019: $1,532,203Net Income 2019: $122,2892019Revenue 2020: $1,656,480Expenses 2020: $1,426,409Net Income 2020: $230,0712020Revenue 2021: $1,457,882Expenses 2021: $1,617,992Net Income 2021: -$160,1102021Revenue 2022: $1,979,300Expenses 2022: $1,893,997Net Income 2022: $85,3032022Revenue 2023: $1,930,810Expenses 2023: $1,634,946Net Income 2023: $295,8642023Revenue 2024: $0Expenses 2024: $23,640Net Income 2024: -$23,6402024

Highlighted filing

2017

Revenue$1,286,235
Expenses$1,736,950
Net Income-$450,715
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 22, 2018
Return Version
2016v3.0
Gross Receipts
$1,286,235
Mission and Program Overview

Mission

To prepare our students to be

To prepare our students to be lifelong learners and enable them to make positive life choices.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$44,069$61,918▲ $17,849
Pledges and Grants Receivable$23,776$45,621▲ $21,845
Accounts Receivable$20,307$32,235▲ $11,928
Cash and Non-Interest-Bearing Accounts$9,373$21,868▲ $12,495
Prepaid Expenses and Deferred Charges$29,267$10,326▼ $18,941
Rtn Earn Endowment Incm Other Fnds$-1,967,735$-2,418,450▼ $450,715
Total Assets$292,407$773,188▲ $480,781
Other Assets Total$165,615$601,220▲ $435,605
Liabilities
Other Liabilities$1,814,452$2,313,194▲ $498,742
Accounts Payable and Accrued Expenses$377,843$825,676▲ $447,833
Mortgage Notes Payable Secured by Investment Property$67,847$52,768▼ $15,079
Total Liabilities$2,260,142$3,191,638▲ $931,496
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,967,735$-2,418,450▼ $450,715
Total Liabilities and Net Assets / Fund Balance$292,407$773,188▲ $480,781

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$61,918$272,888-
Other Assets Org$601,220--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles AllenPresident
Marjory CurryVice President
Crystal Harris-darnellMember
Rachel RodriguezSecretary
Ed BlankenshipTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Leona Ohio Employment GroupStaffing Services2125 University Park Drive, Okemos, MI 48864$931,004
The Leona Group LLCManagement Services2125 University Park Drive, Okemos, MI 48864$151,506
Beverly Victory Avenue Property Holdings LLCBuilding Rental2125 University Park Drive, Toledo, OH 43604$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,273,895
Program Service Revenue
$11,505
Investment Income
$0
Other Revenue
$835
All Other Contributions
$175
Change in Net Assets
$-450,715

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,286,235
Total Revenue per Audited Statements
$1,286,235
Total Revenue per Form 990
$1,286,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,734,006
Salaries, Compensation, and Employee Benefits$2,944
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$221,679$0$0$221,679
Fees for Services Management$28,864$151,506$0$180,370
Occupancy$130,210$0$0$130,210
Office Expenses$85,024$0$0$85,024
Information Technology$59,905$0$0$59,905
Insurance$38,249$0$0$38,249
All Other Expenses$29,167$0$0$29,167
Depreciation Depletion$24,523$0$0$24,523
Fees for Services Accounting$0$10,693$0$10,693
Advertising$7,588$0$0$7,588
Fees for Services Legal$5,905$0$0$5,905
Interest$2,551$0$0$2,551
Other Salaries and Wages$2,520$0$0$2,520
Travel$1,652$0$0$1,652
Pension Plan Contributions$353$0$0$353
Payroll Taxes$71$0$0$71
Other Expenses$8$0$0$8
Total Functional Expenses$1,574,751$162,199$0$1,736,950

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,736,950
Total Expenses per Audited Statements$1,736,950
Total Expenses per Form 990$1,736,950
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
Net Pension Liability$2,204,326
Deferred Inflows - Pension$108,868
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Filing and Contact Details

Filer

Filer Name
Achieve Career Preparatory Academy
EIN
26-4456982
Phone
4192438559
Address
3891 Martha Avenue, Toledo, OH 43612

Signing Officer

Name
Ed Blankenship
Title
Fiscal Officer
Phone
4192438559
Signed
2018-02-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Allen
Formed
2009
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
4

Preparer

Firm
Julian & Grube Inc
Address
333 COUNTY LINE RD WEST, WESTERVILLE, OH 43082-7020
Preparer
Mark a Grube CPA
Phone
6148461899
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The fiscal officer reviews the form.

Pt VI, Line 19

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

Pt VI, Line 3

The Leona Group manages the Academy's operations.

Pt VI, Line 12C

A statement of assurances is filed every year for all board members.

Pt X

The entity does not follow SFAS 117 as was previously reported.

Raw XML AppendixShowing 400 of 447 raw XML fields

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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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt045621
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029267
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010326
IRS990/PrincipalOfficerNm0CHARLES ALLEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Medicaid payments
IRS990/ProgramServiceRevenueGrp/ExclusionAmt011505
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011505
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01742432
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt01944811
IRS990/PYOtherRevenueAmt0606
IRS990/PYProgramServiceRevenueAmt020515
IRS990/PYRevenuesLessExpensesAmt0-181258
IRS990/PYTotalExpensesAmt01944811
IRS990/PYTotalRevenueAmt01763553
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-450715
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt011505
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-1967735
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-2418450
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
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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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt061918
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0272888
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0334806
IRS990ScheduleD/ExpensesSubtotalAmt01736950
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0601220
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows - Pension
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02204326
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1108868
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflows - Pension
IRS990ScheduleD/RevenueSubtotalAmt01286235
IRS990ScheduleD/TotalBookValueLandBuildingsAmt061918
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0601220
IRS990ScheduleD/TotalExpensesPerForm990Amt01736950
IRS990ScheduleD/TotalLiabilityAmt02313194
IRS990ScheduleD/TotalRevenuePerForm990Amt01286235
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01286235
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IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0false
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WHEN ADVERTISEMENTS ARE PLACED IN LOCAL NEWSPAPERS OR THROUGH BROADCAST MEDIA TO SOLICIT NEW STUDENTS IT IS STATED THAT THE ACADEMY DOES NOT DISCRIMINATE IN ANY WAY. NO ADDITIONAL SPACE NEEDED. SEE RESPONSE ON PRIOR PAGE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY DOES NOT SOLICIT CONTRIBUTIONS. NO ADDITIONAL SPACE NEEDED. SEE RESPONSE ON PRIOR PAGE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ACADEMY RECEIVED $899,499, IN SCHOOL FOUNDATION BASIC ALLOWANCE, $1,860 IN STATE RESTRICTED LUNCH REVENUE $87,380 IN STATE RESTRICTED POVERTY BASED GRANTS, $27,324 IN UNRESTRICTED STATE GRANTS, $73,819 IN FEDERAL NUTRITION GRANTS, $29,225 IN FEDERAL SPECIAL EDUCATION GRANTS, $104,369 IN FEDERAL TITLE I GRANTS, $38,073 IN FEDERAL IMPROVING TEACHER QUALITY GRANTS AND
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 4d
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The fiscal officer reviews the form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Academy makes its governing documents, conflict of interest policy and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Leona Group manages the Academy's operations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A statement of assurances is filed every year for all board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The entity does not follow SFAS 117 as was previously reported.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt X
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IRS990/SignificantChangeInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0292407
IRS990/TotalAssetsEOYAmt0773188
IRS990/TotalAssetsGrp/BOYAmt0292407
IRS990/TotalAssetsGrp/EOYAmt0773188
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01273895
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0162199
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01574751
IRS990/TotalFunctionalExpensesGrp/TotalAmt01736950
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02260142
IRS990/TotalLiabilitiesEOYAmt03191638
IRS990/TotalLiabilitiesGrp/BOYAmt02260142
IRS990/TotalLiabilitiesGrp/EOYAmt03191638
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1967735
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2418450
IRS990/TotalProgramServiceExpensesAmt01574751
IRS990/TotalProgramServiceRevenueAmt011505
IRS990/TotalRevenueGrp/ExclusionAmt012340
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01286235
IRS990/TotalVolunteersCnt04
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0773188
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00

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