Civic Intelligence

Scholar Athletes Inc

990 • Fiscal year 2018 • EIN 27-3987854

Sep 01, 2017 to Aug 31, 2018 • Filed on Jul 15, 2019

65 Allerton StreetBoston, MA 02119

(617) 517-4573

Siviq Scores

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

Liabilities / Assets

77th percentile

0.41x

Higher debt load relative to assets than 77% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

39th percentile

0.05x

Higher debt load relative to revenue than 39% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

29th percentile

-4.2%

Higher net margin than 29% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

89th percentile

$192,032

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

8th percentile

-17%

Faster asset growth than 8% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

51st percentile

4.3%

Faster revenue growth than 51% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$478,435

Down $99,909 (-17%) from 2017

Net Assets

Down

$280,726

Down $137,171 (-33%) from 2017

Liabilities

Up

$197,709

Up $37,262 (+23%) from 2017

Revenue

Up

$3,765,553

Up $156,509 (+4.3%) from 2017

Expenses

Up

$3,922,877

Up $419,448 (+12%) from 2017

Net Income

Down

-$157,324

Down $262,939 (-249%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2012: $613,825Liabilities 2012: $104,036Net Assets 2012: $509,7892012Assets 2013: $331,080Liabilities 2013: $168,310Net Assets 2013: $162,7702013Assets 2015: $900,242Liabilities 2015: $661,436Net Assets 2015: $238,8062015Assets 2016: $560,966Liabilities 2016: $248,684Net Assets 2016: $312,2822016Assets 2017: $578,344Liabilities 2017: $160,447Net Assets 2017: $417,8972017Assets 2018: $478,435Liabilities 2018: $197,709Net Assets 2018: $280,7262018Assets 2019: $216,721Liabilities 2019: $172,663Net Assets 2019: $44,0582019Assets 2020: $527,268Liabilities 2020: $239,081Net Assets 2020: $288,1872020Assets 2021: $9,835Liabilities 2021: $239,012Net Assets 2021: -$229,1772021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2018

Assets$478,435
Liabilities$197,709
Net Assets$280,726

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $1,365,9332012Expenses 2013: $2,107,6972013Revenue 2015: $3,526,612Expenses 2015: $3,261,050Net Income 2015: $265,5622015Revenue 2016: $3,474,343Expenses 2016: $3,400,867Net Income 2016: $73,4762016Revenue 2017: $3,609,044Expenses 2017: $3,503,429Net Income 2017: $105,6152017Revenue 2018: $3,765,553Expenses 2018: $3,922,877Net Income 2018: -$157,3242018Revenue 2019: $3,982,554Expenses 2019: $4,219,224Net Income 2019: -$236,6702019Revenue 2020: $3,695,356Expenses 2020: $3,452,110Net Income 2020: $243,2462020Revenue 2021: $6,104Expenses 2021: $500,123Net Income 2021: -$494,0192021Revenue 2022: $332,138Expenses 2022: $102,961Net Income 2022: $229,1772022

Highlighted filing

2018

Revenue$3,765,553
Expenses$3,922,877
Net Income-$157,324
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jul 15, 2019
Return Version
2017v2.3
Gross Receipts
$4,162,022
Mission and Program Overview

Mission

Scholar athletes, inc. (the "program") is a registered 501(c)(3) organization whose mission is to improve academic achievement through athletics. The organization fosters individual student-athlete growth through mentoring, tutoring, coaching, and conditioning through the support of athletic and wellness programs and academic support programs.

Scholar athletes, inc. (the "program") is a registered 501(c)(3) organization whose mission is to improve academic achievement through athletics. The organizaton fosters individual student-athlete growth through mentoring, tutoring, coaching, and conditioning through the support of athletic and wellness programs and academic support programs. On the field, the program strives to improve the scholar-athlete experience through academic coaching and mentoring, health and wellness programming, and post-secondary support. The program provides opportunities to the school coaching staff to ensure they are properly trained in both their sport and more importantly in the philosophy that a coach is a mentor. In the classroom, the program strives to improve academic performance and positive youth development through mentoring, tutoring, and post-secondary planning. These efforts build skills, confidence, shape character and enhance opportunities for success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$184,691$268,000▲ $83,309
Investments in Publicly Traded Securities-$139,144-
Prepaid Expenses and Deferred Charges$54,549$48,286▼ $6,263
Cash and Non-Interest-Bearing Accounts$336,770$20,670▼ $316,100
Total Assets$578,344$478,435▼ $99,909
Other Assets Total$2,334$2,335▲ $1
Liabilities
Accounts Payable and Accrued Expenses$103,667$128,095▲ $24,428
Other Liabilities$56,780$69,614▲ $12,834
Total Liabilities$160,447$197,709▲ $37,262
Net Assets / Fund Balance
Temporarily Rstr Net Assets$188,512$268,000▲ $79,488
Unrestricted Net Assets$229,385$12,726▼ $216,659
Total Net Assets Fund Balance$417,897$280,726▼ $137,171
Total Liabilities and Net Assets / Fund Balance$578,344$478,435▼ $99,909
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rebekah SalwasserExec. Dir./director-$74,031$118,001$192,032
Daphne GriffinExecutive DirectorFT$154,508$29,414$183,922
Noah StockmanManaging Director of Finance & Ops.FT$120,403$25,194$145,597

Board Members and Trustees

NameTitle
John F FishChair/director
Linda Dorcena ForryVice Chair (from 8/9/18)
Adam WeinerDirector
Andrew MuncerDirector
Anissa Essaibi-georgeDirector
Jack SebastianDirector
Joan Wallace-benjaminDirector
Kumble SubbaswamyDirector
Makeeba MccrearyDirector
Mark FlahertyDirector
Robert DesalvioDirector
Sandy EdgerleyDirector
Erin BrooksClerk (until 2/7/18)
Regina RobinsonSecretary
Christina DegrooteTreasurer (until 4/22/18)

Highest Paid Contractors

ContractorServicesLocationCompensation
Annie AbbruzzesseEvent Planning For Gala318 BEACON STREET, Boston, MA 02116$119,225
Revenue and Support

Revenue Composition

Contributions and Grants
$4,003,326
Program Service Revenue
$0
Investment Income
$646
Other Revenue
$-238,419
All Other Contributions
$1,353,326
Change in Net Assets
$-157,324

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded12$94,808Fair Market Value (FMV)
Total Noncash Contributions12$94,808-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,162,022
Revenue Not Reported on Financial Statements
$-396,469
Revenue Not Reported on Form 990
$91,373
Other Revenue Adjustments
$-396,469
Total Revenue per Audited Statements
$4,253,395
Total Revenue per Form 990
$3,765,553
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,034,791
Other Expenses$790,050
Total Fundraising Expense$768,741
Grants and Similar Amounts Paid$98,036
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,733,931$358,818$323,032$2,415,781
Other Employee Benefits$464,012--$464,012
Comp Disqual Persons-$38,750$116,248$154,998
Advertising--$140,787$140,787
Office Expenses$31,759$23,180$66,289$121,228
Grants to Domestic Individuals$98,036--$98,036
Occupancy$43,005$19,865-$62,870
All Other Expenses$11,498$3,811$46,050$61,359
Insurance-$46,675-$46,675
Fees for Services Other$21,538$19,857-$41,395
Fees for Services Accounting-$28,738-$28,738
Travel$9,077$6,689$2,603$18,369
Other Expenses$12,093$16,178$73,732$12,093
Total Functional Expenses$2,488,069$666,067$768,741$3,922,877

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,390,566
Expenses per Audited Statements$3,922,877
Total Expenses per Form 990$3,922,877
Expenses Not Reported on Form 990$467,689
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$396,469
Fundraising Gross Income$158,050
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$2,808,050$158,050$220,778$-62,728
Total Events$2,808,050$158,050$396,469$-238,419
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Suffolk Construction Company (related Organization)$69,614
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The chair of the board, john fish, has business relationships with the clerk of the board, erin brooks; treasurer of the board, christina degroote; vice chair, linda dorcena forry; and executive director, daphne griffin.

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

The form 990 is reviewed by members of the executive committee prior to its filing. The full board is provided with finalized copies post filing of the form 990.

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

The purpose of the conflict of interest policy is to protect the interest of scholar athletes, inc. When it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the company or might result in a possible excess benefit transaction. This policy is intended to supplement but not replace any applicable state and federal laws governing conflict of interest applicable to nonprofit and charitable organizations. Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the company is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.

Form 990, Part VI, Section B, Line 15

Scholar athletes executive staff conducted research into industry standard staff titles and compensation using resources available locally from third sector new england. Scholar athletes board officers are volunteers and are not compensated.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, form 990, and financial statements available to the public upon request for the same period of disclosure as set forth in section 6104(d). In addition the form 990 is available via guidestar and the massachusets attorney general's website.

Filing and Contact Details

Filer

Filer Name
Scholar Athletes Inc
EIN
27-3987854
Phone
6175174573
Address
65 ALLERTON STREET, BOSTON, MA 02119

Signing Officer

Name
John F Fish
Title
Chair
Phone
6175174573
Signed
2019-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John F Fish
Formed
2010
Legal Domicile
Ma
Voting Board Members
14
Independent Board Members
13
Employees
57
Volunteers
141

Preparer

Firm
Rsm US Llp
Address
80 CITY SQUARE, BOSTON, MA 02129
Preparer
Lynne Johnson
Phone
6179129000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization follows the accounting standard, accounting for income taxes. This standard clarifies the accounting for uncertainty in income taxes by prescribing the recognition threshold a tax position is required to meet before being recognized in the financial statements. It also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Management believes that the organization has no material uncertainties in income taxes. The organization is not subject to income tax examinations by the u.s., federal, state or local tax authorities for fiscal years before 2015.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Direct special events expense reported on form 990, part viii, line 8b -396,469.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct special events expense reported on form 990, part viii, line 8b 396,469.

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IRS990/ActivityOrMissionDesc0SCHOLAR ATHLETES, INC. (THE "PROGRAM") IS A REGISTERED 501(C)(3) ORGANIZATION WHOSE MISSION IS TO IMPROVE ACADEMIC ACHIEVEMENT THROUGH ATHLETICS. THE ORGANIZATON FOSTERS INDIVIDUAL STUDENT-ATHLETE GROWTH THROUGH MENTORING, TUTORING, COACHING, AND CONDITIONING THROUGH THE SUPPORT OF ATHLETIC AND WELLNESS PROGRAMS AND ACADEMIC SUPPORT PROGRAMS. ON THE FIELD, THE PROGRAM STRIVES TO IMPROVE THE SCHOLAR-ATHLETE EXPERIENCE THROUGH ACADEMIC COACHING AND MENTORING, HEALTH AND WELLNESS PROGRAMMING, AND POST-SECONDARY SUPPORT. THE PROGRAM PROVIDES OPPORTUNITIES TO THE SCHOOL COACHING STAFF TO ENSURE THEY ARE PROPERLY TRAINED IN BOTH THEIR SPORT AND MORE IMPORTANTLY IN THE PHILOSOPHY THAT A COACH IS A MENTOR. IN THE CLASSROOM, THE PROGRAM STRIVES TO IMPROVE ACADEMIC PERFORMANCE AND POSITIVE YOUTH DEVELOPMENT THROUGH MENTORING, TUTORING, AND POST-SECONDARY PLANNING. THESE EFFORTS BUILD SKILLS, CONFIDENCE, SHAPE CHARACTER AND ENHANCE OPPORTUNITIES FOR SUCCESS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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