Civic Intelligence

Central Cleveland Drop Back In

990 • Fiscal year 2019 • EIN 27-1967160

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 20, 2020

5806 Broadway AvenueCleveland, OH 44127

(330) 515-0572

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.03x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

80th percentile

0.55x

Higher debt load relative to revenue than 80% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

74th percentile

16%

Higher net margin than 74% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$1,250

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

88th percentile

37%

Faster asset growth than 88% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

61st percentile

9.1%

Faster revenue growth than 61% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,179,411

Up $315,880 (+37%) from 2018

Net Assets

Up

-$34,863

Up $362,351 (+91%) from 2018

Liabilities

Down

$1,214,274

Down $46,471 (-3.7%) from 2018

Revenue

Up

$2,202,374

Up $184,572 (+9.1%) from 2018

Expenses

Up

$1,840,023

Up $423,658 (+30%) from 2018

Net Income

Down

$362,351

Down $239,086 (-40%) from 2018

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2014: $36,080Liabilities 2014: $36,080Net Assets 2014: $02014Assets 2015: $70,247Liabilities 2015: $774,551Net Assets 2015: -$704,3042015Assets 2016: $267,128Liabilities 2016: $1,201,209Net Assets 2016: -$934,0812016Assets 2017: $353,047Liabilities 2017: $1,232,091Net Assets 2017: -$879,0442017Assets 2018: $863,531Liabilities 2018: $1,260,745Net Assets 2018: -$397,2142018Assets 2019: $1,179,411Liabilities 2019: $1,214,274Net Assets 2019: -$34,8632019Assets 2020: $1,581,323Liabilities 2020: $1,218,093Net Assets 2020: $363,2302020Assets 2021: $2,645,905Liabilities 2021: $1,645,228Net Assets 2021: $1,000,6772021Assets 2022: $5,636,405Liabilities 2022: $4,371,946Net Assets 2022: $1,264,4592022Assets 2023: $5,933,933Liabilities 2023: $4,603,085Net Assets 2023: $1,330,8482023Assets 2024: $6,119,694Liabilities 2024: $4,749,876Net Assets 2024: $1,369,8182024Assets 2025: $6,178,054Liabilities 2025: $4,606,763Net Assets 2025: $1,571,2912025

Highlighted filing

2019

Assets$1,179,411
Liabilities$1,214,274
Net Assets-$34,863

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $898,889Expenses 2014: $898,889Net Income 2014: $02014Revenue 2015: $708,621Expenses 2015: $708,621Net Income 2015: $02015Revenue 2016: $731,139Expenses 2016: $960,916Net Income 2016: -$229,7772016Revenue 2017: $1,418,799Expenses 2017: $1,363,762Net Income 2017: $55,0372017Revenue 2018: $2,017,802Expenses 2018: $1,416,365Net Income 2018: $601,4372018Revenue 2019: $2,202,374Expenses 2019: $1,840,023Net Income 2019: $362,3512019Revenue 2020: $2,541,196Expenses 2020: $2,143,103Net Income 2020: $398,0932020Revenue 2021: $3,705,808Expenses 2021: $3,068,361Net Income 2021: $637,4472021Revenue 2022: $3,522,514Expenses 2022: $3,258,732Net Income 2022: $263,7822022Revenue 2023: $3,641,934Expenses 2023: $3,575,545Net Income 2023: $66,3892023Revenue 2024: $4,184,709Expenses 2024: $4,145,739Net Income 2024: $38,9702024Revenue 2025: $4,451,210Expenses 2025: $4,249,737Net Income 2025: $201,4732025

Highlighted filing

2019

Revenue$2,202,374
Expenses$1,840,023
Net Income$362,351
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 20, 2020
Return Version
2018v3.0
Gross Receipts
$2,202,374
Mission and Program Overview

Mission

To maintain and provide a school which provides the 'opportunity for success' to, and motivates and instructs, those students who fail to learn in traditional school settings and have decided to drop out of the school system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$114,467$427,391▲ $312,924
Prepaid Expenses and Deferred Charges$20,000$20,000→ $0
Land, Buildings, and Equipment, Net$18,479$7,225▼ $11,254
Pledges and Grants Receivable$2,233$4,917▲ $2,684
Accounts Receivable$1,615$1,112▼ $503
Total Assets$863,531$1,179,411▲ $315,880
Other Assets Total$706,737$718,766▲ $12,029
Liabilities
Other Liabilities$1,113,087$1,095,687▼ $17,400
Accounts Payable and Accrued Expenses$147,658$118,587▼ $29,071
Unsecured Notes Loans Payable$0$0→ $0
Total Liabilities$1,260,745$1,214,274▼ $46,471
Net Assets / Fund Balance
Permanently Rstr Net Assets$10,683$7,225▼ $3,458
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-407,897$-42,088▲ $365,809
Total Net Assets Fund Balance$-397,214$-34,863▲ $362,351
Total Liabilities and Net Assets / Fund Balance$863,531$1,179,411▲ $315,880

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$7,225$118,705$0
Leasehold Improvements$0$26,425$0
Other Assets Org$90,227--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Peter WhittBoard Member$1,250$1,250
Kim ThomasBoard President$1,185$1,185
Dr Adrienne HattenBoard Member$1,125$1,125
Mandisa LewisBoard Member$1,000$1,000
Mark SanzottaBoard Member$1,000$1,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Oakmont EducationEducation Management481 N Cleveland Massillon Rd, Fairlawn, OH 44334$999,518
5806 Broadway Properties LLCRent575 Delaware Ave, Akron, OH 44303$198,000
Revenue and Support

Revenue Composition

Contributions and Grants
$2,202,374
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,202,374
Change in Net Assets
$362,351

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,202,374
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,202,374
Total Revenue per Form 990
$2,202,374
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,238,699
Salaries, Compensation, and Employee Benefits$601,324
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$560,185--$560,185
Fees for Services Management$376,874--$376,874
Occupancy$354,349--$354,349
Fees for Services Other$158,537--$158,537
Other Employee Benefits$41,139--$41,139
Fees for Services Accounting$38,799--$38,799
Fees for Services Legal-$30,000-$30,000
Advertising$26,559--$26,559
Other Expenses$23,853$0$0$23,853
Depreciation Depletion$20,267--$20,267
Insurance$13,628--$13,628
All Other Expenses$8,476--$8,476
Interest$1,117--$1,117
Total Functional Expenses$1,751,530$88,493$0$1,840,023

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,840,023
Total Expenses per Audited Statements$1,840,023
Total Expenses per Form 990$1,840,023
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Net Pension Liability$856,111
Deferred Inflows of Resources - Pension$96,605
Deferred Inflows of Resources - OPEB$86,790
Net OPEB Liability$56,181
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The school contracted with a management company, Oakmont Education, for certain operational and management functions.

Form 990, Part VI, Section B, Line 11B

The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, it is provided to the Board of Directors legal counsel for review. Once completed, it is then provided to eh Board President for review and signature.

Form 990, Part VI, Section B, Line 12C

The Board of Directors in conjunction with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.

Form 990, Part VI, Section C, Line 19

The school's governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.

Filing and Contact Details

Filer

Filer Name
Central Cleveland Drop Back in
EIN
27-1967160
Phone
3305150572
Address
5806 Broadway Avenue, Cleveland, OH 44127
Doing Business As
Regent High School

Signing Officer

Name
Dave Massa
Title
Fiscal Officer
Phone
3305150572
Signed
2020-03-20

Organization Details

Principal Officer
C David Massa
Formed
2010
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0
Raw XML AppendixShowing 400 of 433 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
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IRS990/RevenueAmt02202374
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02202374
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02017802
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01418799
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0731139
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0708621
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt07078735
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt07078735
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02202374
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02017802
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01418799
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0731139
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0708621
IRS990ScheduleA/Total509Grp/TotalAmt07078735
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02202374
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02017802
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01418799
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0731139
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0708621
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07078735
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt07225
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0118705
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0125930
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01840023
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt026425
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt026425
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt053195
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1575344
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt290227
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Net OPEB Asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources - Pension
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Deferred Outflows of Resources - OPEB
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0856111
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt156181
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt296605
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt386790
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Inflows of Resources - Pension
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows of Resources - OPEB
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02202374
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07225
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0718766
IRS990ScheduleD/TotalExpensesPerForm990Amt01840023
IRS990ScheduleD/TotalLiabilityAmt01095687
IRS990ScheduleD/TotalRevenuePerForm990Amt02202374
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02202374
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01840023
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The school contracted with a management company, Oakmont Education, for certain operational and management functions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, it is provided to the Board of Directors legal counsel for review. Once completed, it is then provided to eh Board President for review and signature.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors in conjunction with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The school's governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0863531
IRS990/TotalAssetsEOYAmt01179411
IRS990/TotalAssetsGrp/BOYAmt0863531
IRS990/TotalAssetsGrp/EOYAmt01179411
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02202374
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt088493
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01751530
IRS990/TotalFunctionalExpensesGrp/TotalAmt01840023
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01260745
IRS990/TotalLiabilitiesEOYAmt01214274
IRS990/TotalLiabilitiesGrp/BOYAmt01260745
IRS990/TotalLiabilitiesGrp/EOYAmt01214274
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-397214
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-34863
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt01751530
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt05560
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02202374
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0863531
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01179411
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X

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