Civic Intelligence

Akros Middle School

990 • Fiscal year 2022 • EIN 27-2808059

Jul 01, 2021 to Jun 30, 2022 • Filed on May 12, 2023

92 N Union StAkron, OH 44304-1347

(330) 374-6711

Siviq Scores

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

Liabilities / Assets

98th percentile

1.96x

Higher debt load relative to assets than 98% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

88th percentile

1.07x

Higher debt load relative to revenue than 88% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

41st percentile

2.6%

Higher net margin than 41% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

56th percentile

3.6%

Faster asset growth than 56% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

41st percentile

0.3%

Faster revenue growth than 41% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$986,000

Up $437,460 (+80%) from 2020

Net Assets

Up

-$944,852

Up $206,914 (+18%) from 2020

Liabilities

Up

$1,930,852

Up $230,546 (+14%) from 2020

Revenue

Up

$1,810,356

Up $271,641 (+18%) from 2020

Expenses

Up

$1,762,678

Up $295,986 (+20%) from 2020

Net Income

Down

$47,678

Down $24,345 (-34%) from 2020

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 2022: $986,000Liabilities 2022: $1,930,852Net Assets 2022: -$944,8522022Assets 2025: $1,196,052Liabilities 2025: $2,223,826Net Assets 2025: -$1,027,7742025

Highlighted filing

2022

Assets$986,000
Liabilities$1,930,852
Net Assets-$944,852

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 2022: $1,810,356Expenses 2022: $1,762,678Net Income 2022: $47,6782022Revenue 2025: $2,072,891Expenses 2025: $2,023,055Net Income 2025: $49,8362025

Highlighted filing

2022

Revenue$1,810,356
Expenses$1,762,678
Net Income$47,678
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 12, 2023
Return Version
2021v4.0
Gross Receipts
$1,810,356
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. Akros Middle School believes in shaping the future through our children by providing a quality education in a safe caring and diverse learning environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$11,533$555,354▲ $543,821
Pledges and Grants Receivable$62,211$145,336▲ $83,125
Land, Buildings, and Equipment, Net$120,797$135,750▲ $14,953
Cash and Non-Interest-Bearing Accounts$262,428$33,217▼ $229,211
Accounts Receivable$10,441$0▼ $10,441
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$952,128$986,000▲ $33,872
Other Assets Total$484,718$116,343▼ $368,375
Liabilities
Deferred Revenue$0$894,076▲ $894,076
Other Liabilities$1,700,180$818,241▼ $881,939
Accounts Payable and Accrued Expenses$138,220$106,129▼ $32,091
Unsecured Notes Loans Payable$106,258$82,074▼ $24,184
Mortgage Notes Payable Secured by Investment Property$0$30,332▲ $30,332
Grants Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,944,658$1,930,852▼ $13,806
Net Assets / Fund Balance
Net Assets With Donor Restrictions$120,797$135,750▲ $14,953
Net Assets Without Donor Restrictions$-1,113,327$-1,080,602▲ $32,725
Total Net Assets Fund Balance$-992,530$-944,852▲ $47,678
Total Liabilities and Net Assets / Fund Balance$952,128$986,000▲ $33,872

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$82,610$122,550-
Leasehold Improvements$53,140$48,870-
Other Assets Org$116,343--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Staci NevelsPresident
Gay EvansDirector
Kory SmithDirector
Nick FrankovitzDirector
Pat AmelingDirector
Kamlie BesharaFiscal Officer

Highest Paid Contractors

ContractorServicesLocationCompensation
Charter DevelopmentRent2637 N Revere Rd, Akron, OH 44333$158,581
Revenue and Support

Revenue Composition

Contributions and Grants
$1,805,424
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$4,932
All Other Contributions
$0
Change in Net Assets
$47,678

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,810,356
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,810,356
Total Revenue per Form 990
$1,810,356
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,085,480
Other Expenses$677,198
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,054,682$0$0$1,054,682
Fees for Services Other$280,746$0$0$280,746
Occupancy$190,863$0$0$190,863
Information Technology$57,045$0$0$57,045
Depreciation Depletion$36,323$0$0$36,323
Fees for Services Legal$34,452$0$0$34,452
Fees for Services Accounting$33,135$0$0$33,135
Other Employee Benefits$30,798$0$0$30,798
Office Expenses$27,563$0$0$27,563
Insurance$13,557$0$0$13,557
Advertising$2,328$0$0$2,328
Interest$1,186$0$0$1,186
Total Functional Expenses$1,762,678$0$0$1,762,678

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,762,678
Total Expenses per Audited Statements$1,762,678
Total Expenses per Form 990$1,762,678
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$781,018
Net OPEB Liability$37,223
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 35% controlled entity
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

Part VI, Line 11A

The Form 990 is 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 the Board President for final approval before the fiscal officer signs and files the return.

Part VI, 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.

Part VI, 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
Akros Middle School
EIN
27-2808059
In Care Of
% Kamlie Beshara
Phone
3303746711
Address
92 N UNION ST, AKRON, OH 44304-1347

Signing Officer

Name
Kamlie Beshara
Title
FIscal Officer
Signed
2023-05-12
Discuss with paid preparer
No

Organization Details

Formed
2010
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
33
Volunteers
0

Preparer

Firm
Tatonka Education Services
Address
10375 Park Meadows Dr, Suite 230, Lone Tree, CO 80124
Preparer
Margaret Regalia
Phone
3032966500
Supplemental Narrative

Additional Explanations

Part IX, Line 11G

Student support services sponsor fees other

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IRS990/IRPDocumentCnt02
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt0135750
IRS990/LandBldgEquipCostOrOtherBssAmt0307170
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IRS990/MissionDesc0Akros Middle School is a charter school serving the Akron community and educates grades six through eight. Akros Middle School believes in shaping the future through our children by providing a quality education in a safe caring and diverse learning environment.
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt062211
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011533
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0555354
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Kamlie Beshara
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt20

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