Civic Intelligence

Potentia Academy Inc

990 • Fiscal year 2017 • EIN 27-0191621

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 09, 2018

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

89th percentile

0.47x

Higher debt load relative to assets than 89% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

0.63x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

57th percentile

6.4%

Higher net margin than 57% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

40th percentile

-2.2%

Faster asset growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

45th percentile

-1.7%

Faster revenue growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$459,490

Down $10,536 (-2.2%) from 2016

Net Assets

Up

$244,052

Up $21,650 (+9.7%) from 2016

Liabilities

Down

$215,438

Down $32,186 (-13%) from 2016

Revenue

Down

$340,316

Down $5,994 (-1.7%) from 2016

Expenses

Up

$318,666

Up $14,491 (+4.8%) from 2016

Net Income

Down

$21,650

Down $20,485 (-49%) from 2016

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

2017

Assets$459,490
Liabilities$215,438
Net Assets$244,052

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

2017

Revenue$340,316
Expenses$318,666
Net Income$21,650
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 9, 2018
Return Version
2016v3.0
Gross Receipts
$340,316
Mission and Program Overview

Mission

Provide special educational instruction to students with specific learning disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$439,876$427,117▼ $12,759
Rtn Earn Endowment Incm Other Fnds$221,402$243,052▲ $21,650
Cash and Non-Interest-Bearing Accounts$26,835$29,058▲ $2,223
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$470,026$459,490▼ $10,536
Other Assets Total$140$140→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$243,801$211,433▼ $32,368
Other Liabilities$3,823$4,005▲ $182
Total Liabilities$247,624$215,438▼ $32,186
Net Assets / Fund Balance
Total Net Assets Fund Balance$222,402$244,052▲ $21,650
Total Liabilities and Net Assets / Fund Balance$470,026$459,490▼ $10,536

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$425,153$77,613$502,766
Other Land Buildings$1,964$2,269$4,233
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 Rooney JrDirector
Rene WebsterDirector
Martin a DytrychTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$64,690
Program Service Revenue
$272,224
Investment Income
$0
Other Revenue
$3,402
All Other Contributions
$64,690
Change in Net Assets
$21,650
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$221,180
Other Expenses$97,486
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$202,578$2,394-$204,972
Occupancy$40,150--$40,150
Payroll Taxes$16,025$183-$16,208
Depreciation Depletion$13,037--$13,037
Interest$6,232--$6,232
Conferences and Meetings$5,814--$5,814
All Other Expenses$5,448--$5,448
Insurance$4,413--$4,413
Office Expenses$3,021--$3,021
Fees for Services Accounting$2,400--$2,400
Other Expenses$2,272--$2,272
Advertising$334--$334
Total Functional Expenses$316,089$2,577$0$318,666
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$3,997
Suta Payable$8
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 officer/director and a director. 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, FL 32608-7158

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
2018-02-09
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
8

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/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0183
IRS990/PayrollTaxesGrp/ProgramServicesAmt016025
IRS990/PayrollTaxesGrp/TotalAmt016208
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03175
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03175
IRS990/PrincipalOfficerNm0DR J DUANE MEEKS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/Desc0OTHER
IRS990/ProgramServiceRevenueGrp/Desc1REGISTRATION FEES
IRS990/ProgramServiceRevenueGrp/Desc2SCHOLARSHIP
IRS990/ProgramServiceRevenueGrp/Desc3TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09309
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15900
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2101205
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3155810
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09309
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2101205
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3155810
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0121802
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt097082
IRS990/PYOtherRevenueAmt0846
IRS990/PYProgramServiceRevenueAmt0223662
IRS990/PYRevenuesLessExpensesAmt042135
IRS990/PYSalariesCompEmpBnftPaidAmt0207093
IRS990/PYTotalExpensesAmt0304175
IRS990/PYTotalRevenueAmt0346310
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt021650
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0340316
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0221402
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0243052
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0425153
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt077613
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0502766
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01964
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02269
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04233
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03997
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal Payroll Tax Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Suta Payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0427117
IRS990ScheduleD/TotalLiabilityAmt04005
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
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0100000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Bldg
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0150000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Patrick J Rooney Jr
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt0100000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There is a family relationship between an officer/director and a director. 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, FL 32608-7158
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true

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