Civic Intelligence

Edison Academics Inc

EIN 27-0612152 • 501(c)3 • Bradenton, FL

Profile

Provide an educational setting where students of diverse ages and interests can pursue a college preparatory education. Our goal is to supply the guidance necessary to develop in each student the confidence to begin a task, determination to continue and the skills to complete.

7710 Cortez Rd WBradenton, FL 34210

www.edisonacademicschool.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.19x

Higher debt load relative to assets than 82% of similar nonprofits.

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

Liabilities / Revenue

72nd percentile

0.02x

Higher debt load relative to revenue than 72% of similar nonprofits.

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

Net Margin

55th percentile

4.0%

Higher net margin than 55% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

62nd percentile

4.6%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2017

Revenue Growth

65th percentile

11%

Faster revenue growth than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2017

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$16,894

Down $20,158 (-54%) from 2020

Liabilities

Up

$6,931

Up $6,931 from 2020

Net Assets

Down

$9,963

Down $27,089 (-73%) from 2020

Operations
Liabilities / Revenue72nd percentileNet Margin55th percentile

Revenue

Up

$258,585

Up $22,347 (+9.5%) from 2020

Expenses

Up

$287,637

Up $49,516 (+21%) from 2020

Net Income

Down

-$29,052

Down $27,169 (-1443%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth62nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0Assets 2010: $16,672Liabilities 2010: $0Net Assets 2010: $16,6722010Assets 2011: $72,745Liabilities 2011: $0Net Assets 2011: $72,7452011Assets 2012: $89,569Liabilities 2012: $0Net Assets 2012: $89,5692012Assets 2013: $12,865Liabilities 2013: $0Net Assets 2013: $12,8652013Assets 2014: $13,338Liabilities 2014: $0Net Assets 2014: $13,3382014Assets 2015: $28,209Liabilities 2015: $0Net Assets 2015: $28,2092015Assets 2016: $13,225Liabilities 2016: $0Net Assets 2016: $13,2252016Assets 2017: $30,880Liabilities 2017: $5,946Net Assets 2017: $24,9342017Assets 2019: $46,165Liabilities 2019: $0Net Assets 2019: $46,1652019Assets 2020: $37,052Liabilities 2020: $0Net Assets 2020: $37,0522020Assets 2021: $16,894Liabilities 2021: $6,931Net Assets 2021: $9,9632021

Highlighted filing

2021

Assets$16,894
Liabilities$6,931
Net Assets$9,963
Open 2021 Filing

Operations Trend

Revenue Growth65th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $405,9392010Expenses 2011: $611,5662011Expenses 2012: $495,7612012Expenses 2013: $367,1862013Revenue 2014: $339,211Expenses 2014: $338,738Net Income 2014: $4732014Revenue 2015: $237,717Expenses 2015: $222,846Net Income 2015: $14,8712015Revenue 2016: $203,742Expenses 2016: $218,726Net Income 2016: -$14,9842016Revenue 2017: $295,365Expenses 2017: $283,656Net Income 2017: $11,7092017Revenue 2019: $277,855Expenses 2019: $241,860Net Income 2019: $35,9952019Revenue 2020: $236,238Expenses 2020: $238,121Net Income 2020: -$1,8832020Revenue 2021: $258,585Expenses 2021: $287,637Net Income 2021: -$29,0522021

Highlighted filing

2021

Revenue$258,585
Expenses$287,637
Net Income-$29,052
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,894
Liabilities
$6,931
Net assets
$9,963
Revenue
$258,585
Expenses
$287,637
Net income
-$29,052
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.17$0.07$0.10$2.59$2.88$0.29
2020Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$2.36$2.38$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$2.78$2.42$0.36
2017Detailed filing. Detailed filing data is available for this year.$0.31$0.06$0.25$2.95$2.84$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$2.04$2.19$0.15
2015Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$2.38$2.23$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$3.39$3.39$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.00$0.13$3.67
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.00$0.90$4.96
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.00$0.73$6.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.00$0.17$4.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Jun 15, 2022
Return Version
2020v4.1
Gross Receipts
$258,585
Mission and Program Overview

Mission

Provide an educational setting where students of diverse ages and interests can pursue a college preparatory education. Our goal is to supply the guidance necessary to develop in each student the confidence to begin a task, determination to continue and the skills to complete.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$18,882--
Land, Buildings, and Equipment, Net$11,824$11,824→ $0
Cash and Non-Interest-Bearing Accounts$6,346$5,070▼ $1,276
Total Assets$37,052$16,894▼ $20,158
Liabilities
Accounts Payable and Accrued Expenses-$6,931-
Total Liabilities$0$6,931▲ $6,931
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$37,052$9,963▼ $27,089
Total Net Assets Fund Balance$37,052$9,963▼ $27,089
Total Liabilities and Net Assets / Fund Balance$37,052$16,894▼ $20,158

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,824$6,549$18,373
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Paula JacksonSecretaryFT$25,778$25,778

Board Members and Trustees

NameTitle
Loren JacksonPresident
Ai-ja JacksonDirector
Loren C JacksonOfficer
Dave ThompsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$258,585
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-29,052
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$235,725
Salaries, Compensation, and Employee Benefits$51,912
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$87,488--$87,488
Occupancy$48,393$988-$49,381
Current Officers, Directors, Trustees, and Key Employees-$25,778-$25,778
Other Salaries and Wages$22,445--$22,445
Travel$8,614$6,713-$15,327
Information Technology$7,353$817-$8,170
Office Expenses$1,177$4,708-$5,885
Payroll Taxes$1,717$1,972-$3,689
Insurance-$3,329-$3,329
Fees for Services Accounting-$2,371-$2,371
All Other Expenses$2,003$178-$2,181
Other Expenses$8,917$1,555-$1,555
Depreciation Depletion-$1,169-$1,169
Total Functional Expenses$229,182$58,455$0$287,637
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Victory Rock Dba the BridgeControlled GroupPayments Received by Edison for VictoryNo$32,052
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“Loren jackson and paula jackson are a married couple. Loren c jackson and ai-ja jackson are their children.”

Form 990 governing body review Part VI line 11

“Form 990 was reviewed by members of the board before it was submitted to the irs.”

Conflict of interest policy compliance Part VI line 12C

“All members of the board must sign a conflict of interest policy annually.”

CEO executive director top management comp Part VI line 15A

“Members of the board and top management are not compensated.”

Form 990 availability to public Part VI line 18

“Form 990 is available upon written request.”

Governing documents etc available to public Part VI line 19

“Documents are available upon written request.”

Filing and Contact Details

Filer

Filer Name
Edison Academics Inc
EIN
27-0612152
Address
7710 CORTEZ RD W, BRADENTON, FL 34210

Signing Officer

Name
Loren Jackson
Title
President
Phone
9417022465
Signed
2022-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Loren Jackson
Formed
2009
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
3

Preparer

Firm
Jakusovas and Company PL
Address
2831 Ringling Blvd Suite D-114, Sarasota, FL 34237
Preparer
Michael Jakusovas CPA
Phone
9419241120
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“CONTRACT LABOR $87,488”

Raw XML Appendix367 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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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PAYMENTS RECEIVED BY EDISON FOR VICTORY
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LOREN JACKSON AND PAULA JACKSON ARE A MARRIED COUPLE. LOREN C JACKSON AND AI-JA JACKSON ARE THEIR CHILDREN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WAS REVIEWED BY MEMBERS OF THE BOARD BEFORE IT WAS SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MEMBERS OF THE BOARD MUST SIGN A CONFLICT OF INTEREST POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS OF THE BOARD AND TOP MANAGEMENT ARE NOT COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRACT LABOR $87,488
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0S Corp
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0SPORTS TRAINING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0VICTORY ROCK PREP INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt04156 53RD AVE WEST APT 1108
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0BRADENTON
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SARASOTA WAVE YOUTH SPORTS FOUNDATI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0113796686
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SPORTS TRAINING
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BRADENTON
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt037052
IRS990/TotalAssetsEOYAmt016894
IRS990/TotalAssetsGrp/BOYAmt037052
IRS990/TotalAssetsGrp/EOYAmt016894
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058455
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0229182
IRS990/TotalFunctionalExpensesGrp/TotalAmt0287637
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt06931
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt06931
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt037052
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09963
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0229182
IRS990/TotalProgramServiceRevenueAmt0258585
IRS990/TotalReportableCompFromOrgAmt025778
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0258585
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0258585
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt037052
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016894
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt06713
IRS990/TravelGrp/ProgramServicesAmt08614
IRS990/TravelGrp/TotalAmt015327
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.EDISONACADEMICSCHOOL.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LOREN JACKSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09417022465
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDISON ACADEMICS INC
ReturnHeader/Filer/BusinessNameControlTxt0EDIS
ReturnHeader/Filer/EIN0270612152
ReturnHeader/Filer/USAddress/AddressLine1Txt07710 CORTEZ RD W
ReturnHeader/Filer/USAddress/CityNm0BRADENTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034210
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0475084155
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jakusovas and Company PL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02831 Ringling Blvd Suite D-114
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Sarasota
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd034237
ReturnHeader/PreparerPersonGrp/PhoneNum09419241120
ReturnHeader/PreparerPersonGrp/PreparationDt02022-06-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael Jakusovas CPA
ReturnHeader/ReturnTs02022-06-15T22:48:28-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LOREN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JACKSON
ReturnHeader/TaxPeriodBeginDt02020-08-01
ReturnHeader/TaxPeriodEndDt02021-07-31
ReturnHeader/TaxYr02020

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