Civic Intelligence

Potentia Academy Inc

990 • Fiscal year 2016 • EIN 27-0191621

Jul 01, 2015 to Jun 30, 2016 • Filed on May 05, 2017

4784 Melaleuca LaneGreenacres, FL 33463

(561) 803-2610

Siviq Scores

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

Liabilities / Assets

90th percentile

0.53x

Higher debt load relative to assets than 90% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

0.72x

Higher debt load relative to revenue than 94% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

67th percentile

12%

Higher net margin than 67% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

51st percentile

2.2%

Faster asset growth than 51% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

80th percentile

31%

Faster revenue growth than 80% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$470,026

Up $9,906 (+2.2%) from 2015

Net Assets

Up

$222,402

Up $42,135 (+23%) from 2015

Liabilities

Down

$247,624

Down $32,229 (-12%) from 2015

Revenue

Up

$346,310

Up $82,307 (+31%) from 2015

Expenses

Up

$304,175

Up $28,355 (+10%) from 2015

Net Income

Up

$42,135

Up $53,952 (+457%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2015: $460,120Liabilities 2015: $279,853Net Assets 2015: $180,2672015Assets 2016: $470,026Liabilities 2016: $247,624Net Assets 2016: $222,4022016Assets 2017: $459,490Liabilities 2017: $215,438Net Assets 2017: $244,0522017Assets 2018: $504,907Liabilities 2018: $75,007Net Assets 2018: $429,9002018Assets 2019: $681,889Liabilities 2019: $49,914Net Assets 2019: $631,9752019Assets 2020: $730,055Liabilities 2020: $37,761Net Assets 2020: $692,2942020Assets 2021: $806,267Liabilities 2021: $13,030Net Assets 2021: $793,2372021Assets 2022: $869,136Liabilities 2022: $14,984Net Assets 2022: $854,1522022Assets 2023: $756,408Liabilities 2023: $73,128Net Assets 2023: $683,2802023Assets 2024: $1,018,932Liabilities 2024: $360,010Net Assets 2024: $658,9222024

Highlighted filing

2016

Assets$470,026
Liabilities$247,624
Net Assets$222,402

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2015: $264,003Expenses 2015: $275,820Net Income 2015: -$11,8172015Revenue 2016: $346,310Expenses 2016: $304,175Net Income 2016: $42,1352016Revenue 2017: $340,316Expenses 2017: $318,666Net Income 2017: $21,6502017Revenue 2018: $573,221Expenses 2018: $387,373Net Income 2018: $185,8482018Revenue 2019: $565,590Expenses 2019: $395,982Net Income 2019: $169,6082019Revenue 2020: $553,944Expenses 2020: $443,315Net Income 2020: $110,6292020Revenue 2021: $576,923Expenses 2021: $500,947Net Income 2021: $75,9762021Revenue 2022: $639,354Expenses 2022: $563,054Net Income 2022: $76,3002022Revenue 2023: $649,759Expenses 2023: $822,120Net Income 2023: -$172,3612023Revenue 2024: $684,310Expenses 2024: $737,976Net Income 2024: -$53,6662024

Highlighted filing

2016

Revenue$346,310
Expenses$304,175
Net Income$42,135
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 5, 2017
Return Version
2015v3.0
Gross Receipts
$346,310
Mission and Program Overview

Mission

Provide special educational instruction to students with specific learning disabilities.

Provide special educational instruction to students with specific learningdisabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$452,860$439,876▼ $12,984
Rtn Earn Endowment Incm Other Fnds$179,267$221,402▲ $42,135
Cash and Non-Interest-Bearing Accounts$3,945$26,835▲ $22,890
Prepaid Expenses and Deferred Charges$3,175$3,175→ $0
Cap Stk Tr Prin Current Funds$1,000$1,000→ $0
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$460,120$470,026▲ $9,906
Other Assets Total$140$140→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$276,572$243,801▼ $32,771
Other Liabilities$3,281$3,823▲ $542
Total Liabilities$279,853$247,624▼ $32,229
Net Assets / Fund Balance
Total Net Assets Fund Balance$180,267$222,402▲ $42,135
Total Liabilities and Net Assets / Fund Balance$460,120$470,026▲ $9,906

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$434,207$59,093$493,300
Leasehold Improvements$3,642$5,824$9,466
Other Land Buildings$2,027$1,928$3,955
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr J Duane MeeksPresident
Dr Horace W SawyerVice President
Allan YoungDirector
Amy J YoungDirector
Edward F TancerDirector
Joyce V SawyerDirector
Patrick J RooneyDirector
Rene WebsterDirector
Martin a DytrychTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$121,802
Program Service Revenue
$223,662
Investment Income
$0
Other Revenue
$846
All Other Contributions
$121,802
Change in Net Assets
$42,135
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$207,093
Other Expenses$97,082
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$189,312$2,662-$191,974
Occupancy$41,679--$41,679
Payroll Taxes$14,894$225-$15,119
Depreciation Depletion$12,984--$12,984
Interest$7,503--$7,503
Insurance$4,534--$4,534
Conferences and Meetings$4,382--$4,382
Office Expenses$3,015--$3,015
All Other Expenses$2,770--$2,770
Fees for Services Accounting$2,300--$2,300
Advertising$1,432--$1,432
Other Expenses$700--$700
Travel$254--$254
Total Functional Expenses$301,288$2,887$0$304,175
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Payroll Tax Liabilities$3,818
Suta Payable$5
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

There is a family relationship between an office/director and another officer.The persons concerned are Dr. Horace Sawyer and Joyce V. Sawyer

Form 990, Part VI, Line 9: Officer, Director, Trustee, Key Employee Mailing Address

Dr. Horace W. Sawyer and Joyce V. Sawyer: 10367 SW 45th Lane, Gainesville, FL32608-7158

Form 990, Part VI, Line 11B: Form 990 Review Process

President reviews before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Through the oversight of the Board of Directors, the conflict of interest policy compliance was monitored but never violated, so no enforcement was required.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

All officers and directors of the organization volunteer their time to the organization and no compensation is paid to them.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

All officers and directors of the organization volunteer their time to the organization and no compensation is paid to them.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

The organization makes its initial exemption application and tax return form available to public inspection upon request from such third party inquirer.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization makes its governing documents, policies and financial statements available to the public upon request from such third party inquirer.

Filing and Contact Details

Filer

Filer Name
Potentia Academy Inc
EIN
27-0191621
Phone
5618032610
Address
4784 MELALEUCA LANE, GREENACRES, FL 33463

Signing Officer

Name
Dr J Duane Meeks
Title
President
Signed
2017-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr J Duane Meeks
Formed
2009
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
8
Employees
6

Preparer

Firm
Snodgrass Accounting Service
Address
5183 Tenth Avenue North, Greenacres, FL 33463-2050
Preparer
Kevin J Hanna
Phone
5619657800
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0189312
IRS990/OtherSalariesAndWagesGrp/TotalAmt0191974
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0225
IRS990/PayrollTaxesGrp/ProgramServicesAmt014894
IRS990/PayrollTaxesGrp/TotalAmt015119
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03175
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03175
IRS990/PrincipalOfficerNm0DR J DUANE MEEKS
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc1REGISTRATION FEES
IRS990/ProgramServiceRevenueGrp/Desc2SCHOLARSHIP
IRS990/ProgramServiceRevenueGrp/Desc3TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04450
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15266
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2119614
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt394332
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04450
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15266
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2119614
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt394332
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt045895
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0100721
IRS990/PYOtherRevenueAmt06800
IRS990/PYProgramServiceRevenueAmt0211308
IRS990/PYRevenuesLessExpensesAmt0-11817
IRS990/PYSalariesCompEmpBnftPaidAmt0175099
IRS990/PYTotalExpensesAmt0275820
IRS990/PYTotalRevenueAmt0264003
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt042135
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0221402
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0434207
IRS990ScheduleD/BuildingsGrp/DepreciationAmt059093
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0493300
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03642
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05824
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09466
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02027
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01928
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03955
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03818
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Suta Payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0439876
IRS990ScheduleD/TotalLiabilityAmt03823
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Copy of nondiscrimination policy available on website in ethics policy.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0BLDG
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0150000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0PATRICK J ROONEY JR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt0125000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There is a family relationship between an office/director and another officer.The persons concerned are Dr. Horace Sawyer and Joyce V. Sawyer
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Dr. Horace W. Sawyer and Joyce V. Sawyer: 10367 SW 45th Lane, Gainesville, FL32608-7158
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2President reviews before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Through the oversight of the Board of Directors, the conflict of interest policy compliance was monitored but never violated, so no enforcement was required.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All officers and directors of the organization volunteer their time to the organization and no compensation is paid to them.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All officers and directors of the organization volunteer their time to the organization and no compensation is paid to them.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The organization makes its initial exemption application and tax return form available to public inspection upon request from such third party inquirer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The organization makes its governing documents, policies and financial statements available to the public upon request from such third party inquirer.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 9: Officer, Director, Trustee, Key Employee Mailing Address
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees

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