Civic Intelligence

Frederick Classical Charter School Inc.

990 • Fiscal year 2014 • EIN 27-1731811

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 03, 2015

8445 Spires Way21701

(240) 236-1200

Siviq Scores

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

Liabilities / Assets

47th percentile

0.09x

Higher debt load relative to assets than 47% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

70th percentile

12%

Higher net margin than 70% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

92nd percentile

52%

Faster asset growth than 92% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

100th percentile

3001%

Faster revenue growth than 100% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$453,644

Up $155,483 (+52%) from 2013

Net Assets

Up

$412,143

Up $353,979 (+609%) from 2013

Liabilities

Down

$41,501

Down $198,496 (-83%) from 2013

Revenue

Up

$2,989,051

Up $2,892,659 (+3001%) from 2013

Expenses

Up

$2,635,072

Up $2,586,243 (+5297%) from 2013

Net Income

Up

$353,979

Up $306,416 (+644%) from 2013

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2013: $298,161Liabilities 2013: $239,997Net Assets 2013: $58,1642013Assets 2014: $453,644Liabilities 2014: $41,501Net Assets 2014: $412,1432014Assets 2015: $628,341Liabilities 2015: $78,823Net Assets 2015: $549,5182015Assets 2016: $539,641Liabilities 2016: $147,535Net Assets 2016: $392,1062016Assets 2017: $557,099Liabilities 2017: $111,701Net Assets 2017: $445,3982017Assets 2018: $712,274Liabilities 2018: $128,222Net Assets 2018: $584,0522018Assets 2019: $1,508,160Liabilities 2019: $112,330Net Assets 2019: $1,395,8302019Assets 2020: $1,614,156Liabilities 2020: $57,345Net Assets 2020: $1,556,8112020Assets 2021: $1,811,955Liabilities 2021: $21,281Net Assets 2021: $1,790,6742021Assets 2022: $2,069,681Liabilities 2022: $87,824Net Assets 2022: $1,981,8572022Assets 2023: $5,551,134Liabilities 2023: $3,353,444Net Assets 2023: $2,197,6902023Assets 2024: $5,501,034Liabilities 2024: $3,152,235Net Assets 2024: $2,348,7992024

Highlighted filing

2014

Assets$453,644
Liabilities$41,501
Net Assets$412,143

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $96,392Expenses 2013: $48,829Net Income 2013: $47,5632013Revenue 2014: $2,989,051Expenses 2014: $2,635,072Net Income 2014: $353,9792014Revenue 2015: $2,922,246Expenses 2015: $2,784,871Net Income 2015: $137,3752015Revenue 2016: $3,209,339Expenses 2016: $3,366,751Net Income 2016: -$157,4122016Revenue 2017: $3,409,606Expenses 2017: $3,356,314Net Income 2017: $53,2922017Revenue 2018: $3,571,031Expenses 2018: $3,432,347Net Income 2018: $138,6842018Revenue 2019: $4,508,318Expenses 2019: $3,702,434Net Income 2019: $805,8842019Revenue 2020: $3,949,047Expenses 2020: $3,788,066Net Income 2020: $160,9812020Revenue 2021: $4,093,768Expenses 2021: $3,859,905Net Income 2021: $233,8632021Revenue 2022: $4,717,350Expenses 2022: $4,526,167Net Income 2022: $191,1832022Revenue 2023: $4,883,639Expenses 2023: $4,667,806Net Income 2023: $215,8332023Revenue 2024: $5,535,725Expenses 2024: $5,384,616Net Income 2024: $151,1092024

Highlighted filing

2014

Revenue$2,989,051
Expenses$2,635,072
Net Income$353,979
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 3, 2015
Return Version
2013v4.0
Gross Receipts
$2,989,051
Mission and Program Overview

Mission

To provide elementary and middle school-aged children in Frederick County with a well-rounded, college-focused instructional program that develops student's knowledge, reason, and self-expression

To provide elementary and middle school-aged children in Frederick County with a well-rounded, college-focused instructional program that develops students; knowledge, reason, and self-expression.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$205,555-
Land, Buildings, and Equipment, Net$9,523$195,221▲ $185,698
Prepaid Expenses and Deferred Charges$46,884$39,000▼ $7,884
Cash and Non-Interest-Bearing Accounts$241,754$13,868▼ $227,886
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$298,161$453,644▲ $155,483
Other Assets Total-$0-
Liabilities
Other Liabilities$239,503$39,000▼ $200,503
Accounts Payable and Accrued Expenses$494$2,501▲ $2,007
Total Liabilities$239,997$41,501▼ $198,496
Net Assets / Fund Balance
Unrestricted Net Assets$58,164$411,118▲ $352,954
Temporarily Rstr Net Assets-$1,025-
Total Net Assets Fund Balance$58,164$412,143▲ $353,979
Total Liabilities and Net Assets / Fund Balance$298,161$453,644▲ $155,483

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$96,663$26,636$123,299
Other Land Buildings$69,839$7,048$76,887
Leasehold Improvements$28,719$3,776$32,495
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thomas NeumarkPresident
Ginger MortellaroVice President
James VossDirector
Sue MiddletonDirector
Larry KaiserSecretary
Leslie MansfieldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$506,821
Program Service Revenue
$2,469,191
Investment Income
$0
Other Revenue
$13,039
All Other Contributions
$19,820
Change in Net Assets
$353,979

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,989,051
Revenue Not Reported on Form 990
$124,055
Total Revenue per Audited Statements
$3,113,106
Total Revenue per Form 990
$2,989,051
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,612,592
Other Expenses$1,022,480
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,104,166$216,989-$1,321,155
Occupancy$487,788$70,236-$558,024
Other Employee Benefits$173,884$19,320-$193,204
Fees for Services Other-$95,912-$95,912
Payroll Taxes$85,267$9,474-$94,741
Depreciation Depletion$35,587$1,873-$37,460
Insurance$16,457$1,828-$18,285
Other Expenses$3,742$3,968-$7,710
Office Expenses$6,478$720-$7,198
Information Technology$6,821--$6,821
Pension Plan Contributions$3,138$354-$3,492
Advertising-$1,637-$1,637
Fees for Services Legal-$744-$744
Travel$266$30-$296
Total Functional Expenses$2,210,698$424,374$0$2,635,072

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,759,127
Expenses per Audited Statements$2,635,072
Total Expenses per Form 990$2,635,072
Expenses Not Reported on Form 990$124,055
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$21,024---
Total Events$21,024---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Grant advance$39,000
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
No
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

Form 990, Part VI, Line 11B: Form 990 Review Process

Will be reviewed by the Board of Directors.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Officers, directors, trustees, and key employees are expected to disclose conflicts of interest as part of routine business should something arise which would necessitate their recusal from board votes/actions.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available on site upon request.

Filing and Contact Details

Filer

EIN
27-1731811
Phone
2402361200

Signing Officer

Name
Thomas Neumark
Title
President
Signed
2015-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Neumark
Formed
2010
Legal Domicile
Md
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
15

Preparer

Preparer
Carol H Collins CPA
Phone
4106752727
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Internal Revenue Service has not examined (audited) the previous income tax return of the Organization, thus the previous year is subject to examination. The School has not taken any questionable tax positions with respect to unrelated business income tax or anything that would jeopardize its 501(c)(3) status.

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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0354
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03138
IRS990/PensionPlanContributionsGrp/TotalAmt03492
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt046884
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt039000
IRS990/PrincipalOfficerNm0Thomas Neumark
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Per Pupil Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02469191
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02469191
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt096392
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt014677
IRS990/PYRevenuesLessExpensesAmt047563
IRS990/PYSalariesCompEmpBnftPaidAmt034152
IRS990/PYTotalExpensesAmt048829
IRS990/PYTotalRevenueAmt096392
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0353979
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt08116
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02473875
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0124055
IRS990ScheduleD/DonatedServicesUseFcltsAmt0124055
IRS990ScheduleD/EquipmentGrp/BookValueAmt096663
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026636
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0123299
IRS990ScheduleD/ExpensesNotReportedAmt0124055
IRS990ScheduleD/ExpensesSubtotalAmt02635072
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt028719
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03776
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt032495
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt069839
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07048
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt076887
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt039000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Grant advance
IRS990ScheduleD/RevenueNotReportedAmt0124055
IRS990ScheduleD/RevenueSubtotalAmt02989051
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Internal Revenue Service has not examined (audited) the previous income tax return of the Organization, thus the previous year is subject to examination. The School has not taken any questionable tax positions with respect to unrelated business income tax or anything that would jeopardize its 501(c)(3) status.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0195221
IRS990ScheduleD/TotalExpensesPerForm990Amt02635072
IRS990ScheduleD/TotalLiabilityAmt039000
IRS990ScheduleD/TotalRevenuePerForm990Amt02989051
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03113106
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02759127
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/ExplanationTxt0Website
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt021024
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt021024
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt021024
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt021024
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0Various Events
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Will be reviewed by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Officers, directors, trustees, and key employees are expected to disclose conflicts of interest as part of routine business should something arise which would necessitate their recusal from board votes/actions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Available on site upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01025
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0298161
IRS990/TotalAssetsEOYAmt0453644
IRS990/TotalAssetsGrp/BOYAmt0298161
IRS990/TotalAssetsGrp/EOYAmt0453644
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0506821
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0424374
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02210698
IRS990/TotalFunctionalExpensesGrp/TotalAmt02635072
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0239997
IRS990/TotalLiabilitiesEOYAmt041501
IRS990/TotalLiabilitiesGrp/BOYAmt0239997
IRS990/TotalLiabilitiesGrp/EOYAmt041501
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt058164
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0412143
IRS990/TotalProgramServiceExpensesAmt02210698
IRS990/TotalProgramServiceRevenueAmt02469191
IRS990/TotalRevenueGrp/ExclusionAmt08355
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02473875
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02989051
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0298161

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.50$3.15$2.35$5.54$5.38$0.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.55$3.35$2.20$4.88$4.67$0.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.07$0.09$1.98$4.72$4.53$0.19
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$0.02$1.79$4.09$3.86$0.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.61$0.06$1.56$3.95$3.79$0.16
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.11$1.40$4.51$3.70$0.81
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.13$0.58$3.57$3.43$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.11$0.45$3.41$3.36$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.54$0.15$0.39$3.21$3.37$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.63$0.08$0.55$2.92$2.78$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.45$0.04$0.41$2.99$2.64$0.35
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.24$0.06$0.10$0.05$0.05
Peer Organizations

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