Civic Intelligence

Breakthrough Charter Schools

990 • Fiscal year 2017 • EIN 27-0362848

Jul 01, 2016 to Jun 30, 2017 • Filed on May 02, 2018

3615 Superior Ave Bldg 44 Ste 4403ACleveland, OH 44114

(216) 456-2086

Siviq Scores

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

Liabilities / Assets

86th percentile

0.78x

Higher debt load relative to assets than 86% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

54th percentile

0.20x

Higher debt load relative to revenue than 54% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

26th percentile

-3.7%

Higher net margin than 26% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

58th percentile

$136,312

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

41st percentile

1.5%

Faster asset growth than 41% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

44th percentile

2.5%

Faster revenue growth than 44% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,247,379

Up $353,016 (+19%) from 2015

Net Assets

Down

$490,493

Down $606,035 (-55%) from 2015

Liabilities

Up

$1,756,886

Up $959,051 (+120%) from 2015

Revenue

Up

$8,603,837

Up $3,153,680 (+58%) from 2015

Expenses

Up

$8,925,736

Up $3,429,442 (+62%) from 2015

Net Income

Down

-$321,899

Down $275,762 (-598%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2013: $1,587,906Liabilities 2013: $623,446Net Assets 2013: $964,4602013Assets 2014: $1,502,679Liabilities 2014: $360,014Net Assets 2014: $1,142,6652014Assets 2015: $1,894,363Liabilities 2015: $797,835Net Assets 2015: $1,096,5282015Assets 2017: $2,247,379Liabilities 2017: $1,756,886Net Assets 2017: $490,4932017Assets 2018: $1,482,781Liabilities 2018: $945,322Net Assets 2018: $537,4592018Assets 2021: $2,179,361Liabilities 2021: $1,475,404Net Assets 2021: $703,9572021Assets 2022: $1,482,127Liabilities 2022: $1,221,745Net Assets 2022: $260,3822022Assets 2024: $1,863,545Liabilities 2024: $1,077,695Net Assets 2024: $785,8502024

Highlighted filing

2017

Assets$2,247,379
Liabilities$1,756,886
Net Assets$490,493

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2013: $4,237,2912013Revenue 2014: $4,680,359Expenses 2014: $4,502,154Net Income 2014: $178,2052014Revenue 2015: $5,450,157Expenses 2015: $5,496,294Net Income 2015: -$46,1372015Revenue 2017: $8,603,837Expenses 2017: $8,925,736Net Income 2017: -$321,8992017Revenue 2018: $8,957,998Expenses 2018: $8,911,032Net Income 2018: $46,9662018Revenue 2021: $11,175,570Expenses 2021: $10,570,967Net Income 2021: $604,6032021Revenue 2022: $8,613,684Expenses 2022: $9,057,075Net Income 2022: -$443,3912022Revenue 2024: $9,723,123Expenses 2024: $9,845,031Net Income 2024: -$121,9082024

Highlighted filing

2017

Revenue$8,603,837
Expenses$8,925,736
Net Income-$321,899
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 2, 2018
Return Version
2016v3.1
Gross Receipts
$8,603,837
Mission and Program Overview

Mission

Bcs' mission is to provide sustainable, high-quality public schools in cleveland's under-served neighborhoods, ensuring all students have access to a public, free, outstanding college preparatory education. Our schools have been honored by local, state, and national organizations for excellence in teaching, leadership, and student achievement. We currently serve nearly 3,300 k-8 students across ten free, public charter schools.

Bcs' mission is to provide sustainable, high-quality public schools in cleveland's under-served neighborhoods, ensuring all students have access to a public, free, outstanding college preparatory education. Our schools have been honored by local, state, and national organizations for excellence in teaching, leadership, and student achievement. We currently serve nearly 3,250 k-8 students across ten free, public charter schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,650,192$1,931,294▲ $281,102
Cash and Non-Interest-Bearing Accounts$465,890$266,190▼ $199,700
Land, Buildings, and Equipment, Net$87,463--
Prepaid Expenses and Deferred Charges$10,749$49,895▲ $39,146
Total Assets$2,214,294$2,247,379▲ $33,085
Liabilities
Accounts Payable and Accrued Expenses$1,401,902$1,756,886▲ $354,984
Total Liabilities$1,401,902$1,756,886▲ $354,984
Net Assets / Fund Balance
Unrestricted Net Assets$812,392$395,785▼ $416,607
Temporarily Rstr Net Assets-$94,708-
Total Net Assets Fund Balance$812,392$490,493▼ $321,899
Total Liabilities and Net Assets / Fund Balance$2,214,294$2,247,379▲ $33,085

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$437,313$437,313
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alan RosskammCEOFT$112,225$24,087$136,312
Cheryl HutchingsCFOFT$101,124$19,405$120,529
Tyler ThorntonCOOFT$32,138$5,739$37,877

Board Members and Trustees

NameTitle
John SinnenbergBoard Chair
Diana StarksDirector
Jen GrossmanDirector
Justin HortonDirector
Leslie DunnDirector
Michael CristalDirector
Paul HarrisDirector
Penn BerensDirector
Richard PaceDirector
Rosemary WeltmanDirector
Vickie JohnsonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$5,417,786
Program Service Revenue
$2,860,952
Investment Income
$0
Other Revenue
$325,099
All Other Contributions
$1,952,258
Change in Net Assets
$-321,899

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,603,837
Total Revenue per Audited Statements
$8,603,837
Total Revenue per Form 990
$8,603,837
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,534,460
Other Expenses$2,401,718
Grants and Similar Amounts Paid$1,989,558
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,663,008$665,752-$3,328,760
Grants to Domestic Orgs$1,989,558--$1,989,558
Pension Plan Contributions$400,120$100,030-$500,150
Information Technology-$391,551-$391,551
Other Employee Benefits$307,186$76,797-$383,983
Office Expenses-$263,271-$263,271
Current Officers, Directors, Trustees, and Key Employees$196,389$49,098-$245,487
Occupancy-$143,466-$143,466
Travel-$89,384-$89,384
Depreciation Depletion$87,463--$87,463
Payroll Taxes$60,864$15,216-$76,080
Insurance-$33,948-$33,948
Other Expenses$1,353,392$1,614-$1,614
Total Functional Expenses$7,057,980$1,867,756$0$8,925,736

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,925,736
Total Expenses per Audited Statements$8,925,736
Total Expenses per Form 990$8,925,736
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Village Prep Sch Woodland HtsCleveland, OH-Education$465,197
Village Prep Cliffs SchoolCleveland, OH-Education$275,576
Citizens Academy EastCleveland, OH-Education$270,043
Citizens Leadership AcademyCleveland, OH-Education$219,513
Citizens Academy SoutheastCleveland, OH-Education$200,727
Citizens AcademyCleveland, OH-Education$192,421
E Prep Cliffs SchoolCleveland, OH-Education$152,557
E Prep School WhCleveland, OH-Education$117,958
Friends of BcsCleveland, OH-Education$88,579
Lakeshore Intergenerational SchoolCleveland, OH-Education$6,987
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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, Page 6, Part VI, Line 11B

The form 990 is reviewed by the finance committee who approves the form 990 during finance committee meetings.

Form 990, Page 6, Part VI, Line 12C

The organization's board and management reviews compliance with conflict of interest policy

Form 990, Page 6, Part VI, Line 15A

The organization's board determines appropriate compensation using comparable date

Form 990, Page 6, Part VI, Line 15B

The organization's chief executive officer determines appropriate compensation using comparable data

Form 990, Page 6, Part VI, Line 19

Documents available upon request

Filing and Contact Details

Filer

Filer Name
Breakthrough Charter Schools
EIN
27-0362848
Phone
2164562086
Address
3615 SUPERIOR AVE BLDG 44 STE 4403A, CLEVELAND, OH 44114

Signing Officer

Name
Alan Rosskamm
Title
CEO
Phone
2164562086
Signed
2018-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan Rosskamm
Formed
2009
Legal Domicile
Oh
Voting Board Members
12
Independent Board Members
11
Employees
80
Volunteers
10

Preparer

Firm
Mcmanus Dosen & Co
Address
7251 ENGLE RD STE 406, MIDDLEBURG HEIGHTS, OH 44130-3400
Preparer
Michael D Mcmanus CPA
Phone
4402433400
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Bcs' mission is to provide sustainable, high-quality public schools in cleveland's under-served neighborhoods, ensuring all students have access to a public, free, outstanding college preparatory education. Our schools have been honored by local, state, and national organizations for excellence in teaching, leadership, and student achievement. We currently serve nearly 3,250 k-8 students across ten free, public charter schools.

Financial Statement Notes

Schedule D, Page 3, Part X

Tax matters the internal revenue service issued a determination letter exempting breakthrough charter schools from federal income taxes under section 501 (c)(3) of the internal revenue code. Accounting principles generally accepted in the united state of america require the agency's management to evaluate tax positions taken by the agency and recognize a tax liability if the agency has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has determined that the agency does not have any uncertain tax positions and the associated unrecognized benefits that materially impact the financial statements or related disclosures. The agency is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The agency believes it is no longer subject to income tax examinations for years prior to 2014.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION ADDED PREPS WILLARD
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2BCS IS RESPONSIVE TO EACH OF THE SUPPORTED ORGANIZATIONS AND MAINTAINS INVOLVEMENT IN EACH OF THE SUPPORTED ORGANIZATIONS OPERATIONS. THERE IS CONTROL WITH THE CREATION OF THE BREAKTHROUGH LEADERSHIP TEAM WHICH IS COMPRISED OF LEADERS FROM THROUGHOUT THE NETWORK OF SCHOOLS. THIS LEADERSHIP TEAM WORKS TOGETHER TO ADDRESS THE NETWORK'S SHORT-TERM AND LONG-TERM STRATEGIC CHALLENGES AND OPPORTUNITIES. THE SUPPORTED ORGANIZATIONS AND THE SUPPORTING ORGANIZATION COOPERATE FOR THEIR MUTUAL BENEFIT DUE TO NATURE OF THE ORGANIZATION'S ACTIVITIES WHICH IS ENSURING THE NETWORK OF SCHOOLS PROVIDE A SUSTAINABLE, HIGH QUALITY, COLLEGE PREPARATORY EDUCATION TO ALL STUDENTS.
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