Civic Intelligence

Potentia Academy Inc

990 • Fiscal year 2020 • EIN 27-0191621

Jul 01, 2019 to Jun 30, 2020 • Filed on May 13, 2021

4784 Melaleuca LaneGreenacres, FL 33463

(561) 433-5557

Siviq Scores

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

Liabilities / Assets

51st percentile

0.05x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

52nd percentile

0.07x

Higher debt load relative to revenue than 52% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

71st percentile

20%

Higher net margin than 71% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

51st percentile

7.1%

Faster asset growth than 51% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

48th percentile

-2.1%

Faster revenue growth than 48% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$730,055

Up $48,166 (+7.1%) from 2019

Net Assets

Up

$692,294

Up $60,319 (+9.5%) from 2019

Liabilities

Down

$37,761

Down $12,153 (-24%) from 2019

Revenue

Down

$553,944

Down $11,646 (-2.1%) from 2019

Expenses

Up

$443,315

Up $47,333 (+12%) from 2019

Net Income

Down

$110,629

Down $58,979 (-35%) from 2019

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

2020

Assets$730,055
Liabilities$37,761
Net Assets$692,294

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

2020

Revenue$553,944
Expenses$443,315
Net Income$110,629
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 13, 2021
Return Version
2019v5.1
Gross Receipts
$554,644
Mission and Program Overview

Mission

Provide special educational instruction to students with specific learning disabilities.

School that provides special educational instruction to students with specific learning disabilities

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$630,975$691,294▲ $60,319
Land, Buildings, and Equipment, Net$403,325$390,639▼ $12,686
Cash and Non-Interest-Bearing Accounts$238,266$281,900▲ $43,634
Accounts Receivable$36,983$54,201▲ $17,218
Loans From Officers Directors$50,000$25,000▼ $25,000
Prepaid Expenses and Deferred Charges$3,175$3,175→ $0
Cap Stk Tr Prin Current Funds$1,000$1,000→ $0
Total Assets$681,889$730,055▲ $48,166
Other Assets Total$140$140→ $0
Liabilities
Accounts Payable and Accrued Expenses$-86$12,297▲ $12,383
Other Liabilities$0$464▲ $464
Total Liabilities$49,914$37,761▼ $12,153
Net Assets / Fund Balance
Total Net Assets Fund Balance$631,975$692,294▲ $60,319
Total Liabilities and Net Assets / Fund Balance$681,889$730,055▲ $48,166

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,901$11,843-
Leasehold Improvements$386,738$121,228-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr J Duane MeeksDIRECTOR; CHAIRMAN AND PRESIDENT
Beth-ann MorrisonDirector
Edward F TancerDirector
Joyce V SawyerDirector
Samuel FerreriDirector
Patrick J Rooney JrDIRECTOR; SECRETARY
Horace W SawyerDIRECTOR; VP
Martin a DytrychTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$80,299
Program Service Revenue
$471,413
Investment Income
$0
Other Revenue
$2,232
All Other Contributions
$77,367
Change in Net Assets
$110,629
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$285,003
Other Expenses$144,598
Total Fundraising Expense$4,210
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$172,412$1,916$0$174,328
Current Officers, Directors, Trustees, and Key Employees$57,478$6,386$0$63,864
Other Employee Benefits$24,273$2,697$0$26,970
Payroll Taxes$19,841$0$0$19,841
Fees for Services Accounting$18,120$0$0$18,120
Benefits to Members$13,714--$13,714
Depreciation Depletion$12,685$0$0$12,685
Occupancy$9,802$0$0$9,802
Conferences and Meetings$5,003$0$0$5,003
Other Expenses$0$3,246$0$3,246
Insurance$3,183$0$0$3,183
Office Expenses$3,166$0$0$3,166
Advertising$3,105$0$0$3,105
Total Functional Expenses$420,650$18,455$4,210$443,315
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,932
Fundraising Direct Expenses$700
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-FounderSalary for Working at SchoolNo$63,864
Janice E MeeksDirector Owned LLCFmv Rent Paid by OrganizationNo$45,500

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$50,000$25,000▼ $25,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unemployment Tax$464
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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
Filing and Contact Details

Filer

Filer Name
Potentia Academy Inc
EIN
27-0191621
Phone
5614335557
Address
4784 MELALEUCA LANE, GREENACRES, FL 33463

Signing Officer

Name
Dr J Duane Meeks
Title
President
Phone
5614335557
Signed
2021-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr J Duane Meeks
Formed
2009
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
5
Volunteers
15

Preparer

Firm
Aal Business and Tax Pa
Address
749 US HIGHWAY 1 STE 100, NORTH PALM BEACH, FL 33408
Preparer
Celeste D Lioce
Phone
5618444431
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

There is a family relationship between an officer/director and a director. The persons concerned are dr. Horace sawyer and joyce v. Sawyer

Pt VI, Line 11B

President reviews before filing

Pt VI, Line 12C

Through the oversight of the board of directors the conflict of interest policy compliance was monitored but never violated. No enforcement is necessary

Pt VI, Line 15A

All officers and directors volunteer their time. No compensation is paid to them

Pt VI, Line 15B

All officers and directors volunteer their time. No compensation is paid to them

Pt VI, Line 18

The organization will make its initial exemption application and its tax returns available to public inspection upon request.

Pt VI, Line 19

The organization will make its governing documents, its policies and financial statements available to public inspection upon request

Pt VI, Line 4

Bylaws were amended to expand directors from nine to fifteen

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IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0456024
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11989
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35000
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt016238
IRS990/PYContributionsGrantsAmt0426408
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01150
IRS990/PYOtherExpensesAmt0118206
IRS990/PYOtherRevenueAmt06496
IRS990/PYProgramServiceRevenueAmt0132686
IRS990/PYRevenuesLessExpensesAmt0169608
IRS990/PYSalariesCompEmpBnftPaidAmt0260388
IRS990/PYTotalExpensesAmt0395982
IRS990/PYTotalRevenueAmt0565590
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0110629
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0551711
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0630975
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0691294
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
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/EquipmentGrp/BookValueAmt03901
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011843
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt015744
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0386738
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0121228
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0507966
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0464
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNEMPLOYMENT TAX
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0390639
IRS990ScheduleD/TotalLiabilityAmt0464
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 THE SCHOOLS NONDISCRIMINATION POLICY IS AVAILABLE ON WEBSITE FOUND WITHIN THE ETHICS POLICY DOCUMENT SEE PREVIOUS PAGE
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0PALM VIATOR INVESTMENTS LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JANICE E MEEKS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR OWNED LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1FOUNDER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt045500
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt163864
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0FMV RENT PAID BY ORGANIZATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1SALARY FOR WORKING AT SCHOOL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt025000
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/TotalBalanceDueAmt025000
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/ExplanationTxt1PRESIDENT REVIEWS BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THROUGH THE OVERSIGHT OF THE BOARD OF DIRECTORS THE CONFLICT OF INTEREST POLICY COMPLIANCE WAS MONITORED BUT NEVER VIOLATED. NO ENFORCEMENT IS NECESSARY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL OFFICERS AND DIRECTORS VOLUNTEER THEIR TIME. NO COMPENSATION IS PAID TO THEM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL OFFICERS AND DIRECTORS VOLUNTEER THEIR TIME. NO COMPENSATION IS PAID TO THEM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION WILL MAKE ITS INITIAL EXEMPTION APPLICATION AND ITS TAX RETURNS AVAILABLE TO PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, ITS POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO PUBLIC INSPECTION UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BYLAWS WERE AMENDED TO EXPAND DIRECTORS FROM NINE TO FIFTEEN
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 4
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0681889
IRS990/TotalAssetsEOYAmt0730055
IRS990/TotalAssetsGrp/BOYAmt0681889

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