Civic Intelligence

Imagine Akron Academy

990 • Fiscal year 2015 • EIN 27-1414401

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 06, 2016

Organization ProfileWWW.IMAGINEAKRONACADEMY.COM
388 South Main StreetAkron, OH 44311-1046

(330) 379-1034

Siviq Scores

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

Liabilities / Assets

100th percentile

16.82x

Higher debt load relative to assets than 100% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

91st percentile

1.37x

Higher debt load relative to revenue than 91% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

44th percentile

1.1%

Higher net margin than 44% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

90th percentile

61%

Faster asset growth than 90% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

23rd percentile

-12%

Faster revenue growth than 23% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets100th percentile

Assets

Up

$53,165

Up $20,091 (+61%) from 2014

Net Assets

Down

-$841,141

Down $718,011 (-583%) from 2014

Liabilities

Up

$894,306

Up $738,102 (+473%) from 2014

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin44th percentile

Revenue

Down

$652,237

Down $84,785 (-12%) from 2014

Expenses

Down

$645,274

Down $96,390 (-13%) from 2014

Net Income

Up

$6,963

Up $11,605 (+250%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2014: $33,074Liabilities 2014: $156,204Net Assets 2014: -$123,1302014Assets 2015: $53,165Liabilities 2015: $894,306Net Assets 2015: -$841,1412015Assets 2016: $68,850Liabilities 2016: $1,015,573Net Assets 2016: -$946,7232016Assets 2017: $225,586Liabilities 2017: $1,268,733Net Assets 2017: -$1,043,1472017Assets 2018: $174,399Liabilities 2018: $1,532,953Net Assets 2018: -$1,358,5542018Assets 2019: $104,894Liabilities 2019: $1,338,314Net Assets 2019: -$1,233,4202019Assets 2020: $73,761Liabilities 2020: $1,195,440Net Assets 2020: -$1,121,6792020Assets 2021: $122,050Liabilities 2021: $1,133,144Net Assets 2021: -$1,011,0942021Assets 2022: $112,881Liabilities 2022: $1,026,211Net Assets 2022: -$913,3302022Assets 2023: $157,250Liabilities 2023: $338,559Net Assets 2023: -$181,3092023Assets 2024: $126,126Liabilities 2024: $294,957Net Assets 2024: -$168,8312024Assets 2025: $108,378Liabilities 2025: $256,517Net Assets 2025: -$148,1392025

Highlighted filing

2015

Assets$53,165
Liabilities$894,306
Net Assets-$841,141
Open 2015 Filing

Operations Trend

Revenue Growth23rd percentile

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

$1.0M$500K$0-$500KRevenue 2014: $737,022Expenses 2014: $741,664Net Income 2014: -$4,6422014Revenue 2015: $652,237Expenses 2015: $645,274Net Income 2015: $6,9632015Revenue 2016: $591,223Expenses 2016: $696,805Net Income 2016: -$105,5822016Revenue 2017: $547,255Expenses 2017: $643,679Net Income 2017: -$96,4242017Revenue 2018: $451,319Expenses 2018: $596,444Net Income 2018: -$145,1252018Revenue 2019: $509,557Expenses 2019: $384,423Net Income 2019: $125,1342019Revenue 2020: $373,921Expenses 2020: $262,180Net Income 2020: $111,7412020Revenue 2021: $406,477Expenses 2021: $295,892Net Income 2021: $110,5852021Revenue 2022: $440,757Expenses 2022: $342,993Net Income 2022: $97,7642022Revenue 2023: $561,957Expenses 2023: $516,958Net Income 2023: $44,9992023Revenue 2024: $380,475Expenses 2024: $367,997Net Income 2024: $12,4782024Revenue 2025: $441,228Expenses 2025: $420,536Net Income 2025: $20,6922025

Highlighted filing

2015

Revenue$652,237
Expenses$645,274
Net Income$6,963
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 6, 2016
Return Version
2014v6.0
Gross Receipts
$652,237
Mission and Program Overview

Mission

Imagine akron academy partners with parents and guardians in the education of their children by providing high quality schools that prepare students for lives of leadership, accomplishment, and exemplary character

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges-$36,852-
Accounts Receivable$19,853--
Pledges and Grants Receivable$13,083$16,106▲ $3,023
Cash and Non-Interest-Bearing Accounts$138$207▲ $69
Total Assets$33,074$53,165▲ $20,091
Liabilities
Other Liabilities-$643,009-
Unsecured Notes Loans Payable$120,000$120,000→ $0
Deferred Revenue-$115,726-
Grants Payable$22,059--
Accounts Payable and Accrued Expenses$14,145$15,571▲ $1,426
Total Liabilities$156,204$894,306▲ $738,102
Net Assets / Fund Balance
Unrestricted Net Assets$-123,130$-841,141▼ $718,011
Total Net Assets Fund Balance$-123,130$-841,141▼ $718,011
Total Liabilities and Net Assets / Fund Balance$33,074$53,165▲ $20,091
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Kristopher ImmelPresident
Gregory HarrisTrustee
John HaffordTrustee
Kendall RileyTrustee
Lyvette JohnsonTrustee
Anthony BurwellVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$652,237
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$6,963
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$613,670
Salaries, Compensation, and Employee Benefits$31,604
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$459,150--$459,150
Occupancy$128,435--$128,435
Pension Plan Contributions$30,821--$30,821
Other Expenses$15,019--$15,019
Fees for Services Other$11,066--$11,066
Other Employee Benefits$783--$783
Total Functional Expenses$645,274$0$0$645,274
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension Liability$643,009
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Day to day operations are delegated to imagine schools, inc the management company.”

Form 990, Page 6, Part VI, Line 11B

“An outside cpa firm prepares the form 990 and sends it to the treasurer, who reviews it and presents it to the board. If no changes, the treasurer signs the 8879, and sends it back to the cpa firm, who then e-files the return.”

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

“Each board member, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Received a copy of the conflict of interest policy; b. Read and understands policy; c. Agreed to comply with the policy.”

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

“The school does not have any officers or employees. A managment company is used and their compensation is negotiated by the school board.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and conflict of interest policy are available at the office upon request. Past financial statements can be found on the state auditor of ohio's website and must be filed by november 30th of each year.”

Filing and Contact Details

Filer

Filer Name
Imagine Akron Academy
EIN
27-1414401
Address
388 SOUTH MAIN STREET, AKRON, OH 44311-1046

Signing Officer

Name
Richard Berdine
Title
Treasurer
Signed
2016-01-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Berdine
Formed
2010
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
16

Preparer

Firm
Hhh CPA Group LLC
Address
1250 OLD HENDERSON RD, COLUMBUS, OH 43220-3606
Preparer
Dominic Dibartolomeo
Phone
6144514644
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Implement of gasb stmnt 68 & 71 724,974”

Raw XML Appendix302 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt014145
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt015571
IRS990/AccountsReceivableGrp/BOYAmt019853
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0IMAGINE AKRON ACADEMY PARTNERS WITH PARENTS AND GUARDIANS IN THE EDUCATION OF THEIR CHILDREN BY PROVIDING HIGH QUALITY SCHOOLS THAT PREPARE STUDENTS FOR LIVES OF LEADERSHIP, ACCOMPLISHMENT, AND EXEMPLARY CHARACTER
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0RICHARD BERDINE
IRS990/BooksInCareOfDetail/PhoneNum03303791034
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 162
IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt0PO BOX 162
IRS990/BooksInCareOfDetail/USAddress/CityNm0CUYAHOGA FALLS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd043222
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0138
IRS990/CashNonInterestBearingGrp/EOYAmt0207
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0652237
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0613670
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt06963
IRS990/CYSalariesCompEmpBnftPaidAmt031604
IRS990/CYTotalExpensesAmt0645274
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0652237
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/EOYAmt0115726
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/Desc0IMAGINE AKRON ACADEMY IS AN OHIO CHARTER SCHOOL WITH APPROXIMATELY 160 STUDENTS ENROLLED IN GRADE KINDERGARTEN. THE SCHOOL PARTNERS WITH PARENTS AND GUARDIANS VIA SCHOOL CHOICE TO ACHIEVE THE SCHOOL'S MISSION. THE SCHOOL USES FIVE "MEASURES OF EXCELLENCE" TO EVALUATE ITS EFFECTIVENESS. THE MEASURES ARE ACADEMIC GROWTH, CHARACTER DEVELOPMENT, ECONOMIC SUSTAINABILITY, PARENT CHOICE, AND SHARED VALUES. THE SCHOOL HAS NO EMPLOYEES AND IS MANAGED BY IMAGINE SCHOOLS NON-PROFIT, INC.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0645274
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0459150
IRS990/FeesForServicesManagementGrp/TotalAmt0459150
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt011066
IRS990/FeesForServicesOtherGrp/TotalAmt011066
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0KRISTOPHER IMMEL
IRS990/Form990PartVIISectionAGrp/PersonNm1KENDALL RILEY
IRS990/Form990PartVIISectionAGrp/PersonNm2ANTHONY BURWELL
IRS990/Form990PartVIISectionAGrp/PersonNm3LYVETTE JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN HAFFORD
IRS990/Form990PartVIISectionAGrp/PersonNm5GREGORY HARRIS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt0652237
IRS990/GrantsPayableGrp/BOYAmt022059
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0652237
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0IMAGINE AKRON ACADEMY PARTNERS WITH PARENTS AND GUARDIANS IN THE EDUCATION OF THEIR CHILDREN BY PROVIDING HIGH QUALITY SCHOOLS THAT PREPARE STUDENTS FOR LIVES OF LEADERSHIP, ACCOMPLISHMENT, AND EXEMPLARY CHARACTER
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-123130
IRS990/NetAssetsOrFundBalancesEOYAmt0-841141
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0128435
IRS990/OccupancyGrp/TotalAmt0128435
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-724974
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0783
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0783
IRS990/OtherExpensesGrp/Desc0SPONSORSHIP
IRS990/OtherExpensesGrp/ProgramServicesAmt015019
IRS990/OtherExpensesGrp/TotalAmt015019
IRS990/OtherLiabilitiesGrp/EOYAmt0643009
IRS990/PartialLiquidationInd0false
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt030821
IRS990/PensionPlanContributionsGrp/TotalAmt030821
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt013083
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt016106
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036852
IRS990/PrincipalOfficerNm0RICHARD BERDINE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0737022
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0694306
IRS990/PYRevenuesLessExpensesAmt0-4642
IRS990/PYSalariesCompEmpBnftPaidAmt047358
IRS990/PYTotalExpensesAmt0741664
IRS990/PYTotalRevenueAmt0737022
IRS990/ReconcilationRevenueExpnssAmt06963
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0643009
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PENSION LIABILITY
IRS990ScheduleD/TotalLiabilityAmt0643009
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0MAINLY THROUGH BROCHURES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FINANCIAL ASSISTANCE FROM THE FEDERAL GOVERNMENT AND STATE AGENCIES IN THE FORM OF GRANTS. THE DISBURSEMENTS OF FUNDS RECEIVED FROM THESE GRANTS NORMALLY REQUIRE COMPLIANCE WITH TERMS AND CONDITIONS OF THE GRANT WHICH ARE SPECIFIED IN THE GRANT AGREEMENT AND ARE SUBJECT TO AUDIT BY THE GRANTOR AGENCIES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAY TO DAY OPERATIONS ARE DELEGATED TO IMAGINE SCHOOLS, INC THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN OUTSIDE CPA FIRM PREPARES THE FORM 990 AND SENDS IT TO THE TREASURER, WHO REVIEWS IT AND PRESENTS IT TO THE BOARD. IF NO CHANGES, THE TREASURER SIGNS THE 8879, AND SENDS IT BACK TO THE CPA FIRM, WHO THEN E-FILES THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH BOARD MEMBER, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; B. READ AND UNDERSTANDS POLICY; C. AGREED TO COMPLY WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL DOES NOT HAVE ANY OFFICERS OR EMPLOYEES. A MANAGMENT COMPANY IS USED AND THEIR COMPENSATION IS NEGOTIATED BY THE SCHOOL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE AT THE OFFICE UPON REQUEST. PAST FINANCIAL STATEMENTS CAN BE FOUND ON THE STATE AUDITOR OF OHIO'S WEBSITE AND MUST BE FILED BY NOVEMBER 30TH OF EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IMPLEMENT OF GASB STMNT 68 & 71 724,974
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt033074
IRS990/TotalAssetsEOYAmt053165
IRS990/TotalAssetsGrp/BOYAmt033074
IRS990/TotalAssetsGrp/EOYAmt053165
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0652237
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0645274
IRS990/TotalFunctionalExpensesGrp/TotalAmt0645274
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0156204
IRS990/TotalLiabilitiesEOYAmt0894306
IRS990/TotalLiabilitiesGrp/BOYAmt0156204
IRS990/TotalLiabilitiesGrp/EOYAmt0894306
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-123130
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-841141
IRS990/TotalProgramServiceExpensesAmt0645274
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0652237
IRS990/TotalVolunteersCnt016
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt033074
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt053165
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-123130
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-841141
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0120000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0120000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 162
IRS990/USAddress/CityNm0CUYAHOGA FALLS
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043222
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTP://WWW.IMAGINEAKRONACADEMY.COM/
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD BERDINE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMAGINE AKRON ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0IMAG
ReturnHeader/Filer/EIN0271414401
ReturnHeader/Filer/USAddress/AddressLine1Txt0388 SOUTH MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0AKRON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd0443111046
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203767687
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HHH CPA GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01250 OLD HENDERSON RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0432203606
ReturnHeader/PreparerPersonGrp/PhoneNum06144514644
ReturnHeader/PreparerPersonGrp/PreparationDt02016-01-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOMINIC DIBARTOLOMEO
ReturnHeader/ReturnTs02016-01-11T11:00:51-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$53,165
Liabilities
$894,306
Net assets
-$841,141
Revenue
$652,237
Expenses
$645,274
Net income
$6,963
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.11$0.26$0.15$0.44$0.42$0.02
2024Detailed filing. Detailed filing data is available for this year.$0.13$0.29$0.17$0.38$0.37$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.16$0.34$0.18$0.56$0.52$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.11$1.03$0.91$0.44$0.34$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.12$1.13$1.01$0.41$0.30$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.07$1.20$1.12$0.37$0.26$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.10$1.34$1.23$0.51$0.38$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.17$1.53$1.36$0.45$0.60$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.23$1.27$1.04$0.55$0.64$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.07$1.02$0.95$0.59$0.70$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.89$0.84$0.65$0.65$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.16$0.12$0.74$0.74$0.00