Civic Intelligence

First State Montessori Academy Inc.

990 • Fiscal year 2016 • EIN 27-3480706

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 29, 2016

Organization ProfileWWW.FIRSTSTATEMONTESSORI.ORG
1000 North French StreetWilmington, DE 19801

(302) 576-1500

Siviq Scores

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

Liabilities / Assets

74th percentile

0.38x

Higher debt load relative to assets than 74% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

65th percentile

0.23x

Higher debt load relative to revenue than 65% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

71st percentile

12%

Higher net margin than 71% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

81st percentile

$135,597

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

94th percentile

78%

Faster asset growth than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

70th percentile

13%

Faster revenue growth than 70% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$2,627,552

Up $1,155,525 (+78%) from 2015

Net Assets

Up

$1,639,686

Up $503,240 (+44%) from 2015

Liabilities

Up

$987,866

Up $652,285 (+194%) from 2015

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin71st percentile

Revenue

Up

$4,295,716

Up $501,858 (+13%) from 2015

Expenses

Up

$3,792,476

Up $787,219 (+26%) from 2015

Net Income

Down

$503,240

Down $285,361 (-36%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$60M$40M$20M$0-$20MAssets 2014: $288,227Liabilities 2014: $0Net Assets 2014: $288,2272014Assets 2015: $1,472,027Liabilities 2015: $335,581Net Assets 2015: $1,136,4462015Assets 2016: $2,627,552Liabilities 2016: $987,866Net Assets 2016: $1,639,6862016Assets 2017: $3,372,559Liabilities 2017: $1,803,275Net Assets 2017: $1,569,2842017Assets 2018: $8,151,679Liabilities 2018: $13,768,029Net Assets 2018: -$5,616,3502018Assets 2019: $9,685,865Liabilities 2019: $16,002,242Net Assets 2019: -$6,316,3772019Assets 2020: $25,895,465Liabilities 2020: $33,385,028Net Assets 2020: -$7,489,5632020Assets 2021: $28,716,404Liabilities 2021: $38,007,794Net Assets 2021: -$9,291,3902021Assets 2022: $29,682,717Liabilities 2022: $40,315,101Net Assets 2022: -$10,632,3842022Assets 2023: $26,634,875Liabilities 2023: $38,086,402Net Assets 2023: -$11,451,5272023Assets 2024: $26,724,465Liabilities 2024: $38,099,389Net Assets 2024: -$11,374,9242024

Highlighted filing

2016

Assets$2,627,552
Liabilities$987,866
Net Assets$1,639,686
Open 2016 Filing

Operations Trend

Revenue Growth70th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2014: $328,444Expenses 2014: $44,591Net Income 2014: $283,8532014Revenue 2015: $3,793,858Expenses 2015: $3,005,257Net Income 2015: $788,6012015Revenue 2016: $4,295,716Expenses 2016: $3,792,476Net Income 2016: $503,2402016Revenue 2017: $5,707,649Expenses 2017: $5,778,051Net Income 2017: -$70,4022017Revenue 2018: $7,149,941Expenses 2018: $7,720,789Net Income 2018: -$570,8482018Revenue 2019: $7,873,955Expenses 2019: $8,573,982Net Income 2019: -$700,0272019Revenue 2020: $9,632,202Expenses 2020: $10,805,388Net Income 2020: -$1,173,1862020Revenue 2021: $8,779,589Expenses 2021: $10,581,416Net Income 2021: -$1,801,8272021Revenue 2022: $9,183,891Expenses 2022: $10,524,885Net Income 2022: -$1,340,9942022Revenue 2023: $10,249,424Expenses 2023: $11,068,567Net Income 2023: -$819,1432023Revenue 2024: $10,997,947Expenses 2024: $10,921,344Net Income 2024: $76,6032024

Highlighted filing

2016

Revenue$4,295,716
Expenses$3,792,476
Net Income$503,240
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 29, 2016
Return Version
2015v2.1
Gross Receipts
$4,295,716
Mission and Program Overview

Mission

The mission of the first state montessori academy is to create successful, contributing, life-long learners in a montessori public educational program for students in kindergarten through 8th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,136,446$1,639,686▲ $503,240
Cash and Non-Interest-Bearing Accounts$1,006,782$1,480,310▲ $473,528
Land, Buildings, and Equipment, Net$270,007$390,315▲ $120,308
Prepaid Expenses and Deferred Charges$137,534$26,037▼ $111,497
Accounts Receivable-$22,033-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,472,027$2,627,552▲ $1,155,525
Other Assets Total$57,704$708,857▲ $651,153
Liabilities
Other Liabilities$10,274$510,150▲ $499,876
Accounts Payable and Accrued Expenses$325,307$477,716▲ $152,409
Total Liabilities$335,581$987,866▲ $652,285
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,136,446$1,639,686▲ $503,240
Total Liabilities and Net Assets / Fund Balance$1,472,027$2,627,552▲ $1,155,525

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$382,204$23,380$405,584
Equipment$8,111$986$9,097
Other Assets Org$601,152--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Courtney FoxHead of SchoolFT$103,250$32,347$135,597

Board Members and Trustees

NameTitle
Chris GrahamCo-chair
Yvonne NassCo-chair
Zeke AllinsonFinance Chair
Gina CastelliVice Chair
Angela AngenyBod Member
Beth CarterBod Member
Erin CarrollBod Member
Heather TownsendBod Member
Jed DonahueBod Member
Jessie KeithBod Member
Kristen ChastainBod Member
Kyara PanulaBod Member
Maribeth LowBod Member
Chanda GilmoreSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$4,224,372
Program Service Revenue
$62,315
Investment Income
$9,029
Other Revenue
$0
All Other Contributions
$64,098
Change in Net Assets
$503,240

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,295,716
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,295,716
Total Revenue per Form 990
$4,295,716
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,410,956
Other Expenses$1,381,520
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,145,487$389,190-$1,534,677
Occupancy$386,092$131,178-$517,270
Pension Plan Contributions$242,187$82,285-$324,472
Other Employee Benefits$216,356$73,509-$289,865
Current Officers, Directors, Trustees, and Key Employees$102,747$34,909-$137,656
Payroll Taxes$92,767$31,519-$124,286
All Other Expenses$83,449$28,352-$111,801
Fees for Services Other$72,973$24,794-$97,767
Other Expenses$58,103$19,741-$77,844
Information Technology$28,145$9,562-$37,707
Insurance$19,838$6,740-$26,578
Fees for Services Legal$12,257$4,164-$16,421
Depreciation Depletion$10,378$3,526-$13,904
Office Expenses$10,256$3,484-$13,740
Fees for Services Accounting$10,140$3,445-$13,585
Advertising$3,970$1,349-$5,319
Travel$1,100$374-$1,474
Total Functional Expenses$2,830,716$961,760$0$3,792,476

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,792,476
Total Expenses per Audited Statements$3,792,476
Total Expenses per Form 990$3,792,476
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
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$384,095
Deferred Pension Contributions$126,055
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Copies of form 990 are provided to all board members and reviewed in a board of directors meeting.”

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

“Board members must disclose all actual or potential conflicts of interest during board meetings.”

Form 990, Part VI, Section B, Line 15

“Compensation was based on average compensation data for equivalent positions in delaware charter schools and set at 10% less than a local public school district.”

Form 990, Part VI, Section C, Line 19

“The academy's governing documents, conflict of interest policy and financial statements are available on its website.”

Filing and Contact Details

Filer

Filer Name
First State Montessori Academy Inc
EIN
27-3480706
Phone
3025761500
Address
1000 NORTH FRENCH STREET, WILMINGTON, DE 19801
Doing Business As
Fsma

Signing Officer

Name
Courtney Fox
Title
Head of School
Phone
3025761500
Signed
2016-11-29

Organization Details

Principal Officer
Yvonne Nass
Formed
2009
Legal Domicile
De
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
100

Preparer

Firm
Barbacane Thornton & Company Llp
Address
200 SPRINGER BLDG 3411 SILVERSIDE, RD, WILMINGTON, DE 19810-4866
Preparer
Jeffrey a Kowalczyk CPA
Phone
3024788940
Supplemental Narrative

Additional Explanations

Form 990, Part 1, Line 5 and Form 990 Part V, Line 2A

“As a charter school in the state of delaware, first state montessori academy, inc. Is considered a component unit of the state, and therefore does not directly employ its staff. All staff members of the school are considered employees of the state of delaware. For the 2015-2016 school year, there were 33 employees working at the school.”

Form 990, Part XII, Line 2C

“The organization has not changed its process for the oversight and selection of an independent auditor.”

Financial Statement Notes

PART X, LINE 2:

“No provision has been made for income taxes since the school qualifies as a tax-exempt organization under the internal revenue code, section 501(c)(3), and its activities do not result in any income tax liability. Generally accepted accounting principles prescribe rules for the recognition, measurement, classification, and disclosure in the financial statements of uncertain tax positions taken or expected to be taken in the school's tax returns. Management has determined that the school does not have any uncertain tax positions or associated unrecognized benefits that materially impact the financial statements or related disclosures. Since tax matters are subject to some degree of uncertainty, there can be no assurance that the school's tax returns will not be challenged by the taxing authorities and that the school will not be subject to additional tax, penalties, and interest as a result of such challenge.”

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IRS990/Desc0FIRST STATE MONTESSORI ACADEMY (FSMA) OPENED IN 2014 IN DOWNTOWN WILMINGTON, DELAWARE. WE SERVE A DIVERSE COMMUNITY OF 325 CHILDREN IN GRADES KINDERGARTEN THROUGH 6TH GRADE. OUR PROGRAM HAS SUCCESSFULLY INTEGRATED A FULLY AUTHENTIC MONTESSORI CURRICULUM WITH THE COMMON CORE STATE STANDARDS. AT THE END OF OUR ACADEMIC YEAR, FSMA HAS MET ALL ACADEMIC, OPERATIONAL, AND FINANCIAL BENCHMARKS SET FORTH BY THE STATE OF DELAWARE.
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IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt04160274
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04295716
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt09562
IRS990/InformationTechnologyGrp/ProgramServicesAmt028145
IRS990/InformationTechnologyGrp/TotalAmt037707
IRS990/InsuranceGrp/ManagementAndGeneralAmt06740
IRS990/InsuranceGrp/ProgramServicesAmt019838
IRS990/InsuranceGrp/TotalAmt026578
IRS990/InvestmentIncomeGrp/ExclusionAmt09029
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09029
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt024366
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0270007
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0390315
IRS990/LandBldgEquipCostOrOtherBssAmt0414681
IRS990/LegalDomicileStateCd0DE
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF THE FIRST STATE MONTESSORI ACADEMY IS TO CREATE SUCCESSFUL, CONTRIBUTING, LIFE-LONG LEARNERS IN A MONTESSORI PUBLIC EDUCATIONAL PROGRAM FOR STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01136446
IRS990/NetAssetsOrFundBalancesEOYAmt01639686
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0131178
IRS990/OccupancyGrp/ProgramServicesAmt0386092
IRS990/OccupancyGrp/TotalAmt0517270
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03484
IRS990/OfficeExpensesGrp/ProgramServicesAmt010256
IRS990/OfficeExpensesGrp/TotalAmt013740
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt057704
IRS990/OtherAssetsTotalGrp/EOYAmt0708857
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt073509
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0216356
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0289865
IRS990/OtherExpensesGrp/Desc0TRANSPORTATION-BUSES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2MEDICAL SERVICES
IRS990/OtherExpensesGrp/Desc3SUPPLIES AND MATERIALS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt058137
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt129972
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt225530
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt319741
IRS990/OtherExpensesGrp/ProgramServicesAmt0171114
IRS990/OtherExpensesGrp/ProgramServicesAmt188216
IRS990/OtherExpensesGrp/ProgramServicesAmt275141
IRS990/OtherExpensesGrp/ProgramServicesAmt358103
IRS990/OtherExpensesGrp/TotalAmt0229251
IRS990/OtherExpensesGrp/TotalAmt1118188
IRS990/OtherExpensesGrp/TotalAmt2100671
IRS990/OtherExpensesGrp/TotalAmt377844
IRS990/OtherLiabilitiesGrp/BOYAmt010274
IRS990/OtherLiabilitiesGrp/EOYAmt0510150
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0389190
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01145487
IRS990/OtherSalariesAndWagesGrp/TotalAmt01534677
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt031519
IRS990/PayrollTaxesGrp/ProgramServicesAmt092767
IRS990/PayrollTaxesGrp/TotalAmt0124286
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt082285
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0242187
IRS990/PensionPlanContributionsGrp/TotalAmt0324472
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0137534
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026037
IRS990/PrincipalOfficerNm0YVONNE NASS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611700
IRS990/ProgramServiceRevenueGrp/Desc0INSTRUCTIONAL SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt046491
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt115824
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt046491
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt115824
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03736706
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01544
IRS990/PYOtherExpensesAmt01247181
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt055608
IRS990/PYRevenuesLessExpensesAmt0788601
IRS990/PYSalariesCompEmpBnftPaidAmt01758076
IRS990/PYTotalExpensesAmt03005257
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03793858
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0503240
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt062315
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01136446
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01639686
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt08111
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0986
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09097
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03792476
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0382204
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt023380
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0405584
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0107705
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1601152
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED PENSION CONTRIBUTIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0384095
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1126055
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED PENSION CONTRIBUTIONS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04295716
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NO PROVISION HAS BEEN MADE FOR INCOME TAXES SINCE THE SCHOOL QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(3), AND ITS ACTIVITIES DO NOT RESULT IN ANY INCOME TAX LIABILITY. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PRESCRIBE RULES FOR THE RECOGNITION, MEASUREMENT, CLASSIFICATION, AND DISCLOSURE IN THE FINANCIAL STATEMENTS OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE SCHOOL'S TAX RETURNS. MANAGEMENT HAS DETERMINED THAT THE SCHOOL DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE SCHOOL'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE SCHOOL WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES, AND INTEREST AS A RESULT OF SUCH CHALLENGE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0390315
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0708857
IRS990ScheduleD/TotalExpensesPerForm990Amt03792476
IRS990ScheduleD/TotalLiabilityAmt0510150
IRS990ScheduleD/TotalRevenuePerForm990Amt04295716
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04295716
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03792476
IRS990ScheduleE/ComplianceWithRevProc7550Ind00
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/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY IS A DELAWARE PUBLIC CHARTER SCHOOL. THE DELAWARE PUBLIC NONDISCRIMINATORY POLICY, UNDERWHICH THE ACADEMY FALLS, IS PUBLISHED BY THE STATE OF DELAWARE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL IS PUBLIC AND FREE TO THE PUBLIC. THEREFORE NO SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE ARE AWARDED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL IS A PUBLIC SCHOOL AND, THEREFORE, RECEIVES FUNDING FROM STATE AND FEDERAL SOURCES
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt3THE ACADEMY IS A PUBLIC SCHOOL AND, THEREFORE, IS EXEMPT FROM REV. PROC. 75-50.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,627,552
Liabilities
$987,866
Net assets
$1,639,686
Revenue
$4,295,716
Expenses
$3,792,476
Net income
$503,240
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.7$38.1$11.4$11.0$10.9$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.6$38.1$11.5$10.2$11.1$0.82
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.7$40.3$10.6$9.18$10.5$1.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.7$38.0$9.29$8.78$10.6$1.80
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.9$33.4$7.49$9.63$10.8$1.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.69$16.0$6.32$7.87$8.57$0.70
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.15$13.8$5.62$7.15$7.72$0.57
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.37$1.80$1.57$5.71$5.78$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.63$0.99$1.64$4.30$3.79$0.50
2015Detailed filing. Detailed filing data is available for this year.$1.47$0.34$1.14$3.79$3.01$0.79
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.00$0.29$0.33$0.04$0.28