Civic Intelligence

First State Montessori Academy Inc.

990 • Fiscal year 2018 • EIN 27-3480706

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 08, 2019

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

98th percentile

1.69x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

1.93x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

20th percentile

-8.0%

Higher net margin than 20% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

70th percentile

$177,590

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

97th percentile

142%

Faster asset growth than 97% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

80th percentile

25%

Faster revenue growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$8,151,679

Up $4,779,120 (+142%) from 2017

Net Assets

Down

-$5,616,350

Down $7,185,634 (-458%) from 2017

Liabilities

Up

$13,768,029

Up $11,964,754 (+664%) from 2017

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin20th percentile

Revenue

Up

$7,149,941

Up $1,442,292 (+25%) from 2017

Expenses

Up

$7,720,789

Up $1,942,738 (+34%) from 2017

Net Income

Down

-$570,848

Down $500,446 (-711%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth97th 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

2018

Assets$8,151,679
Liabilities$13,768,029
Net Assets-$5,616,350
Open 2018 Filing

Operations Trend

Revenue Growth80th 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

2018

Revenue$7,149,941
Expenses$7,720,789
Net Income-$570,848
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 8, 2019
Return Version
2017v2.3
Gross Receipts
$7,149,941
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
Cash and Non-Interest-Bearing Accounts$1,754,829$1,678,976▼ $75,853
Land, Buildings, and Equipment, Net$409,017$1,185,801▲ $776,784
Prepaid Expenses and Deferred Charges$32,709$0▼ $32,709
Accounts Receivable$9,489$11,992▲ $2,503
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$1,569,284$-5,616,350▼ $7,185,634
Total Assets$3,372,559$8,151,679▲ $4,779,120
Other Assets Total$1,166,515$5,274,910▲ $4,108,395
Liabilities
Other Liabilities$1,207,330$12,999,932▲ $11,792,602
Accounts Payable and Accrued Expenses$595,945$768,097▲ $172,152
Total Liabilities$1,803,275$13,768,029▲ $11,964,754
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,569,284$-5,616,350▼ $7,185,634
Total Liabilities and Net Assets / Fund Balance$3,372,559$8,151,679▲ $4,779,120

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,157,138$56,979$1,214,117
Equipment$28,663$14,911$43,574
Other Assets Org$3,704,733--
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Courtney FoxHead of SchoolFT$132,000$45,590$177,590

Board Members and Trustees

NameTitle
Dawayne SimsChair
Angela AngenyBod Member
Aubria PhillipsBod Member
Beth CarterBod Member
Janine SalomoneBod Member
Jed DonahueBod Member
Kyara PanulaBod Member
Meghan NewberryBod Member
Michael ReillyBod Member
Sara GrantBod Member
Sarah NagleBod Member
Zeke AllinsonBod Member
Chanda GilmoreSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$7,006,302
Program Service Revenue
$132,972
Investment Income
$10,667
Other Revenue
$0
All Other Contributions
$361,733
Change in Net Assets
$-570,848

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,149,941
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,149,941
Total Revenue per Form 990
$7,149,941
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,387,867
Other Expenses$2,332,922
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,962,738$813,859-$2,776,597
Other Employee Benefits$973,751$403,769-$1,377,520
Occupancy$799,350$331,455-$1,130,805
Pension Plan Contributions$596,348$247,278-$843,626
All Other Expenses$183,829$76,225-$260,054
Payroll Taxes$150,476$62,395-$212,871
Current Officers, Directors, Trustees, and Key Employees$125,298$51,955-$177,253
Fees for Services Other$83,761$34,732-$118,493
Other Expenses$36,935$15,315-$52,250
Information Technology$25,955$10,762-$36,717
Insurance$20,319$8,426-$28,745
Office Expenses$20,140$8,351-$28,491
Depreciation Depletion$18,273$7,577-$25,850
Fees for Services Legal$15,754$6,533-$22,287
Fees for Services Accounting$10,462$4,338-$14,800
Total Functional Expenses$5,457,721$2,263,068$0$7,720,789

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,720,789
Total Expenses per Audited Statements$7,720,789
Total Expenses per Form 990$7,720,789
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 Opeb Liability$9,971,884
Net Pension Liability$1,812,210
Deferred Inflows Related to Opeb$1,183,887
Deferred Inflows Related to Pension$31,951
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 11B

“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
2019-02-08

Organization Details

Principal Officer
Courtney Fox
Formed
2009
Legal Domicile
De
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
125

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 2017-2018 school year, there were 76 employees working at the school.”

FORM 990, PART XI, LINE 9:

“Implementation of gasb statement 75 -6,614,786.”

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.”

Raw XML AppendixShowing 400 of 519 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.

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IRS990/ActivityOrMissionDesc0THE 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.
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IRS990/Desc0FIRST STATE MONTESSORI ACADEMY (FSMA) OPENED IN 2014 IN DOWNTOWN WILMINGTON, DELAWARE. WE SERVE A DIVERSE COMMUNITY OF 508 CHILDREN IN GRADES KINDERGARTEN THROUGH 8TH 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/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt010762
IRS990/InformationTechnologyGrp/ProgramServicesAmt025955
IRS990/InformationTechnologyGrp/TotalAmt036717
IRS990/InsuranceGrp/ManagementAndGeneralAmt08426
IRS990/InsuranceGrp/ProgramServicesAmt020319
IRS990/InsuranceGrp/TotalAmt028745
IRS990/InvestmentIncomeGrp/ExclusionAmt010667
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010667
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt071890
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0409017
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01185801
IRS990/LandBldgEquipCostOrOtherBssAmt01257691
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/NetAssetsOrFundBalancesBOYAmt01569284
IRS990/NetAssetsOrFundBalancesEOYAmt0-5616350
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0331455
IRS990/OccupancyGrp/ProgramServicesAmt0799350
IRS990/OccupancyGrp/TotalAmt01130805
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08351
IRS990/OfficeExpensesGrp/ProgramServicesAmt020140
IRS990/OfficeExpensesGrp/TotalAmt028491
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01166515
IRS990/OtherAssetsTotalGrp/EOYAmt05274910
IRS990/OtherChangesInNetAssetsAmt0-6614786
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0403769
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0973751
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01377520
IRS990/OtherExpensesGrp/Desc0TRANSPORTATION-BUSES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2SUPPLIES AND MATERIALS
IRS990/OtherExpensesGrp/Desc3MEDICAL SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0121215
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt139804
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt219079
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt315315
IRS990/OtherExpensesGrp/ProgramServicesAmt0292327
IRS990/OtherExpensesGrp/ProgramServicesAmt195992
IRS990/OtherExpensesGrp/ProgramServicesAmt246013
IRS990/OtherExpensesGrp/ProgramServicesAmt336935
IRS990/OtherExpensesGrp/TotalAmt0413542
IRS990/OtherExpensesGrp/TotalAmt1135796
IRS990/OtherExpensesGrp/TotalAmt265092
IRS990/OtherExpensesGrp/TotalAmt352250
IRS990/OtherLiabilitiesGrp/BOYAmt01207330
IRS990/OtherLiabilitiesGrp/EOYAmt012999932
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0813859
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01962738
IRS990/OtherSalariesAndWagesGrp/TotalAmt02776597
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt062395
IRS990/PayrollTaxesGrp/ProgramServicesAmt0150476
IRS990/PayrollTaxesGrp/TotalAmt0212871
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0247278
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0596348
IRS990/PensionPlanContributionsGrp/TotalAmt0843626
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt032709
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0COURTNEY FOX
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611700
IRS990/ProgramServiceRevenueGrp/Desc0INSTRUCTIONAL SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0109593
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt123379
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0109593
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt123379
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05579250
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt021045
IRS990/PYOtherExpensesAmt02067229
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0107354
IRS990/PYRevenuesLessExpensesAmt0-70402
IRS990/PYSalariesCompEmpBnftPaidAmt03710822
IRS990/PYTotalExpensesAmt05778051
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05707649
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-570848
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0132972
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01569284
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-5616350
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt028663
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014911
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt043574
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07720789
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01157138
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt056979
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01214117
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0107705
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11462472
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23704733
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEFERRED OUTFLOWS RELATED TO OPEB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01812210
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt131951
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21183887
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt39971884
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED INFLOWS RELATED TO OPEB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3NET OPEB LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07149941
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/TotalBookValueLandBuildingsAmt01185801
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05274910
IRS990ScheduleD/TotalExpensesPerForm990Amt07720789
IRS990ScheduleD/TotalLiabilityAmt012999932
IRS990ScheduleD/TotalRevenuePerForm990Amt07149941
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07149941
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07720789
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
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE E, PART I, LINE 7
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0132000

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,151,679
Liabilities
$13,768,029
Net assets
-$5,616,350
Revenue
$7,149,941
Expenses
$7,720,789
Net income
-$570,848
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
2018Detailed filing. Detailed filing data is available for this year.$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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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