Civic Intelligence

Akros Middle School

990 • Fiscal year 2017 • EIN 27-2808059

Jul 01, 2016 to Jun 30, 2017 • Filed on May 09, 2018

265 Park StreetAkron, OH 44304

(330) 374-6711

Siviq Scores

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

Liabilities / Assets

99th percentile

4.60x

Higher debt load relative to assets than 99% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

1.61x

Higher debt load relative to revenue than 89% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

21st percentile

-9.5%

Higher net margin than 21% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

44th percentile

$47,529

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

39th percentile

0.4%

Faster revenue growth than 39% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$481,821

Up $47,117 (+11%) from 2016

Net Assets

Down

-$1,736,853

Down $134,427 (-8.4%) from 2016

Liabilities

Up

$2,218,674

Up $181,544 (+8.9%) from 2016

Revenue

Up

$1,375,017

Up $5,605 (+0.4%) from 2016

Expenses

Up

$1,506,258

Up $130,098 (+9.5%) from 2016

Net Income

Down

-$131,241

Down $124,493 (-1845%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $195,098Liabilities 2011: $280,804Net Assets 2011: -$85,7062011Assets 2012: $337,658Liabilities 2012: $362,771Net Assets 2012: -$25,1132012Assets 2013: $225,484Liabilities 2013: $245,609Net Assets 2013: -$20,1252013Assets 2016: $434,704Liabilities 2016: $2,037,130Net Assets 2016: -$1,602,4262016Assets 2017: $481,821Liabilities 2017: $2,218,674Net Assets 2017: -$1,736,8532017Assets 2018: $652,109Liabilities 2018: $2,000,855Net Assets 2018: -$1,348,7462018Assets 2020: $548,540Liabilities 2020: $1,700,306Net Assets 2020: -$1,151,7662020Assets 2025: $1,196,052Liabilities 2025: $2,223,826Net Assets 2025: -$1,027,7742025

Highlighted filing

2017

Assets$481,821
Liabilities$2,218,674
Net Assets-$1,736,853

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,124,9952011Expenses 2012: $1,348,2262012Expenses 2013: $1,165,2772013Revenue 2016: $1,369,412Expenses 2016: $1,376,160Net Income 2016: -$6,7482016Revenue 2017: $1,375,017Expenses 2017: $1,506,258Net Income 2017: -$131,2412017Revenue 2018: $1,298,393Expenses 2018: $542,909Net Income 2018: $755,4842018Revenue 2020: $1,538,715Expenses 2020: $1,466,692Net Income 2020: $72,0232020Revenue 2025: $2,072,891Expenses 2025: $2,023,055Net Income 2025: $49,8362025

Highlighted filing

2017

Revenue$1,375,017
Expenses$1,506,258
Net Income-$131,241
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 9, 2018
Return Version
2016v3.0
Gross Receipts
$1,375,017
Mission and Program Overview

Mission

Providing educational services to Grades 6-8 students.

Akros Middle School is a charter school serving the Akron Community and educates grades six through eight. The Akros Middle School believe in shaping the future through our children. They provide quality education in a safe, caring and diverse learning environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$59,235$52,756▼ $6,479
Pledges and Grants Receivable$1,134$11,805▲ $10,671
Cash and Non-Interest-Bearing Accounts$3,749$1,101▼ $2,648
Accounts Receivable$1,101$0▼ $1,101
Savings and Temporary Cash Investments$65,194$208▼ $64,986
Other Notes and Loans Receivable, Net-$0-
Total Assets$434,704$481,821▲ $47,117
Other Assets Total$304,291$415,951▲ $111,660
Liabilities
Other Liabilities$1,970,985$2,162,702▲ $191,717
Accounts Payable and Accrued Expenses$57,096$55,972▼ $1,124
Unsecured Notes Loans Payable$9,049$0▼ $9,049
Total Liabilities$2,037,130$2,218,674▲ $181,544
Net Assets / Fund Balance
Unrestricted Net Assets$-1,602,426$-1,736,853▼ $134,427
Total Net Assets Fund Balance$-1,602,426$-1,736,853▼ $134,427
Total Liabilities and Net Assets / Fund Balance$434,704$481,821▲ $47,117

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$82,160$82,160
Leasehold Improvements$50,753$23,842$74,595
Other Land Buildings$2,003$1,059$3,062
Other Assets Org$415,951--
Compensation and Service Providers

Employees

NameTitleOtherTotal
David DudasTrustee$47,529$47,529

Board Members and Trustees

NameTitle
David BurdenPresident
Donna RyckmanDirector
Mary Beth KlugeDirector
Richard SchwarzDirector
Staci NevelsDirector
Betty J GodardTrustee
Susan DudasTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$1,366,761
Program Service Revenue
$0
Investment Income
$13
Other Revenue
$8,243
Change in Net Assets
$-131,241
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$951,417
Other Expenses$554,841
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$724,195--$724,195
Occupancy-$186,944-$186,944
Pension Plan Contributions$158,005--$158,005
All Other Expenses$74,098$5,466-$79,564
Other Employee Benefits$69,217--$69,217
Other Expenses$27,633--$27,633
Conferences and Meetings$24,198--$24,198
Information Technology$24,010--$24,010
Fees for Services Accounting-$18,771-$18,771
Fees for Services Legal-$17,956-$17,956
Depreciation Depletion$6,479--$6,479
Travel$5,671--$5,671
Office Expenses$5,617--$5,617
Interest-$3,770-$3,770
Total Functional Expenses$1,273,351$232,907$0$1,506,258
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$1,944,148
Note payable - Charter Development$104,505
Deferred Inflows$88,800
Due to related party$25,249
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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, Section A, line 2

David Dudas and Susan Dudas are husband/wife. Susan Dudas and Betty Godard are daughter/mother.

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

The Organization's process is to have officer review a draft of Form 990 before filing. A copy of Form 990 is available to all trustess to review.

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

Periodic reviews are conducted to ensure that the Organization is operated within its charitable purpose and in a manner that doesn't jeopardize its tax-exempt status.

Form 990, Part VI, Section C, line 19

Form 990 is available for public inspection via Guidestar Website. Copies of any governing documents, tax returns or financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Akros Middle School
EIN
27-2808059
Phone
3303746711
Address
265 Park Street, Akron, OH 44304

Signing Officer

Name
David Burden
Title
President
Phone
3305354581
Signed
2018-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Burden
Formed
2010
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
30
Volunteers
0

Preparer

Firm
Apple Growth Partners
Address
2275 STATE ROUTE 59, KENT, OH 44240
Preparer
Robert W Fisher CPA
Phone
3306785203
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

The school is exempt from federal income taxes under Sec 501(c)(3) of IRC and therefore has made no provisions for income taxes. In addition, the school has been determined by the IRS not to be a private foundation under IRC Sec 509(a). There was no unrelated business income for the fiscal year. The school believes that it has appropriate support for the tax positions taken, and does not have any uncertain tax positions that are material to the financial statements.

Line 11F and Part X FIN 48

The School is exempt from federal income taxes under Sec 501(c)(3) of IRC and therefore has made no provisions for income taxes. In addition, the School has been determined by the IRS not to be a private foundation within the meaning of Sec 509(a) of IRC. There was no unrelated business income during the year ended June 30, 2017. The School believes that it has appropriate support for the tax positions taken and does not have any uncertain tax positions that are material to the financial statements. The School's Form 990 for 2014, 2015 and 2016 are subject to examination by the IRS generally for three years after it was filed.

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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0415951
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02003
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01059
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03062
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025249
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1104505
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21944148
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt388800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to related party
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Note payable - Charter Development
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The school is exempt from federal income taxes under Sec 501(c)(3) of IRC and therefore has made no provisions for income taxes. In addition, the school has been determined by the IRS not to be a private foundation under IRC Sec 509(a). There was no unrelated business income for the fiscal year. The school believes that it has appropriate support for the tax positions taken, and does not have any uncertain tax positions that are material to the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The School is exempt from federal income taxes under Sec 501(c)(3) of IRC and therefore has made no provisions for income taxes. In addition, the School has been determined by the IRS not to be a private foundation within the meaning of Sec 509(a) of IRC. There was no unrelated business income during the year ended June 30, 2017. The School believes that it has appropriate support for the tax positions taken and does not have any uncertain tax positions that are material to the financial statements. The School's Form 990 for 2014, 2015 and 2016 are subject to examination by the IRS generally for three years after it was filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 11f and Part X FIN 48
IRS990ScheduleD/TotalBookValueLandBuildingsAmt052756
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0415951
IRS990ScheduleD/TotalLiabilityAmt02162702
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Various radio and televison adverting and in statements on website and in marketing materials.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Akros Middle School is a chartered school and receive appropriations from the Ohio Department of Education and various Federal Grant programs.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0David Dudas and Susan Dudas are husband/wife. Susan Dudas and Betty Godard are daughter/mother.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization's process is to have officer review a draft of Form 990 before filing. A copy of Form 990 is available to all trustess to review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Periodic reviews are conducted to ensure that the Organization is operated within its charitable purpose and in a manner that doesn't jeopardize its tax-exempt status.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 is available for public inspection via Guidestar Website. Copies of any governing documents, tax returns or financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Edge Learning Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1CHARTER DEVELOPMENT FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0311624476
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1341938899
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1EDUCATION SUPPORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1Line 12b, II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt092 N UNION ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt18925 OLD SOUTHWICK PASS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0AKRON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1ALPHARETTA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd044304
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd130022
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0105271
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1142606
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt235000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Actual loan agreement
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1LEASE AGREEMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2ACTUAL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Charter Development Foundation Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1charter Development Foundation Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2CHARTer Development Foundation Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1K
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0434704
IRS990/TotalAssetsEOYAmt0481821
IRS990/TotalAssetsGrp/BOYAmt0434704
IRS990/TotalAssetsGrp/EOYAmt0481821
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01366761
IRS990/TotalEmployeeCnt030
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0232907
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01273351
IRS990/TotalFunctionalExpensesGrp/TotalAmt01506258
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02037130
IRS990/TotalLiabilitiesEOYAmt02218674

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