Civic Intelligence

Edison Academics Inc

990 • Fiscal year 2020 • EIN 27-0612152

Aug 01, 2019 to Jul 31, 2020 • Filed on May 10, 2021

Organization ProfileWWW.EDISONACADEMICSCHOOL.COM
7710 Cortez Rd WBradenton, FL 34210

(773) 410-9313

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

38th percentile

-0.8%

Higher net margin than 38% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

85th percentile

$25,778

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

20th percentile

-20%

Faster asset growth than 20% of similar nonprofits.

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

Revenue Growth

49th percentile

-15%

Faster revenue growth than 49% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$37,052

Down $9,113 (-20%) from 2019

Net Assets

Down

$37,052

Down $9,113 (-20%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin38th percentile

Revenue

Down

$236,238

Down $41,617 (-15%) from 2019

Expenses

Down

$238,121

Down $3,739 (-1.5%) from 2019

Net Income

Down

-$1,883

Down $37,878 (-105%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$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

2020

Assets$37,052
Liabilities$0
Net Assets$37,052
Open 2020 Filing

Operations Trend

Revenue Growth49th percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$236,238
Expenses$238,121
Net Income-$1,883
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
May 10, 2021
Return Version
2019v5.1
Gross Receipts
$236,238
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$13,032$11,824▼ $1,208
Cash and Non-Interest-Bearing Accounts$33,133$6,346▼ $26,787
Total Assets$46,165$37,052▼ $9,113
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$46,165$37,052▼ $9,113
Total Net Assets Fund Balance$46,165$37,052▼ $9,113
Total Liabilities and Net Assets / Fund Balance$46,165$37,052▼ $9,113

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,824$6,549$18,373
Compensation and Service Providers
Top Officer Pay85th percentile

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
$236,238
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-1,883
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$167,877
Salaries, Compensation, and Employee Benefits$68,744
Grants and Similar Amounts Paid$1,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$71,733--$71,733
Occupancy$41,357$750-$42,107
Other Salaries and Wages$37,944--$37,944
Current Officers, Directors, Trustees, and Key Employees-$25,778-$25,778
Travel$1,942$3,585-$5,527
Payroll Taxes$3,001$2,021-$5,022
Information Technology$4,118$493-$4,611
Insurance-$3,905-$3,905
All Other Expenses-$3,417-$3,417
Fees for Services Accounting-$3,400-$3,400
Other Expenses$1,320$2,559-$2,559
Office Expenses-$2,397-$2,397
Grants to Domestic Orgs$1,500--$1,500
Depreciation Depletion-$1,208-$1,208
Advertising$532--$532
Total Functional Expenses$186,169$51,952$0$238,121
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-
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
2021-05-10
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 F Jakusovas
Phone
9419241120
Supplemental Narrative

Additional Explanations

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

“CONTRACT LABOR $71,733”

Raw XML Appendix359 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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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 $71,733
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/RelatedOrganizationName/BusinessNameLine1Txt0VICTORY ROCK PREP INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt04156 53RD AVE WEST APT 1108
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0BRADENTON
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd034208
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03547 53RD AVE W
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Bradenton
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd034210
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt046165
IRS990/TotalAssetsEOYAmt037052
IRS990/TotalAssetsGrp/BOYAmt046165
IRS990/TotalAssetsGrp/EOYAmt037052
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051952
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0186169
IRS990/TotalFunctionalExpensesGrp/TotalAmt0238121
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt046165
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt037052
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0186169
IRS990/TotalProgramServiceRevenueAmt0236238
IRS990/TotalReportableCompFromOrgAmt025778
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0236238
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0236238
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt046165
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt037052
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt03585
IRS990/TravelGrp/ProgramServicesAmt01942
IRS990/TravelGrp/TotalAmt05527
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.EDISONACADEMICSCHOOL.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LOREN JACKSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09417022465
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-10
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/PreparationDt02021-06-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael F Jakusovas
ReturnHeader/ReturnTs02021-06-14T16:18:12-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-08-01
ReturnHeader/TaxPeriodEndDt02020-07-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$37,052
Liabilities
$0
Net assets
$37,052
Revenue
$236,238
Expenses
$238,121
Net income
-$1,883
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