Civic Intelligence

Scholar Athletes Inc

990 • Fiscal year 2020 • EIN 27-3987854

Sep 01, 2019 to Aug 31, 2020 • Filed on Jul 15, 2021

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

79th percentile

0.45x

Higher debt load relative to assets than 79% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

37th percentile

0.06x

Higher debt load relative to revenue than 37% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

53rd percentile

6.6%

Higher net margin than 53% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

92nd percentile

$228,385

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

95th percentile

143%

Faster asset growth than 95% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

36th percentile

-7.2%

Faster revenue growth than 36% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$527,268

Up $310,547 (+143%) from 2019

Net Assets

Up

$288,187

Up $244,129 (+554%) from 2019

Liabilities

Up

$239,081

Up $66,418 (+38%) from 2019

Revenue

Down

$3,695,356

Down $287,198 (-7.2%) from 2019

Expenses

Down

$3,452,110

Down $767,114 (-18%) from 2019

Net Income

Up

$243,246

Up $479,916 (+203%) from 2019

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 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

2020

Assets$527,268
Liabilities$239,081
Net Assets$288,187

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 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

2020

Revenue$3,695,356
Expenses$3,452,110
Net Income$243,246
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jul 15, 2021
Return Version
2019v5.2
Gross Receipts
$3,930,223
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 organization") is a registered 501(c)(3) organization whose mission is to improve academic achievement through athletics. The organization fosters individual student-athlete growth through a focus on three core program areas: academic coaching and mentoring, health and wellness, and college and career readiness initiatives. The organization partners with public high schools to help close the opportunity gap for thousands of young people in grades 9-12 across the commonwealth. Scholar athletes' programs leverage the power of athletics and wellness to cultivate the discipline, confidence and social-emotional skills needed to support success in school, as well as success in life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$138,908$343,000▲ $204,092
Cash and Non-Interest-Bearing Accounts$5,438$116,820▲ $111,382
Land, Buildings, and Equipment, Net$38,090$29,530▼ $8,560
Investments in Publicly Traded Securities-$20,899-
Prepaid Expenses and Deferred Charges$34,285$17,019▼ $17,266
Total Assets$216,721$527,268▲ $310,547
Liabilities
Accounts Payable and Accrued Expenses$132,529$213,403▲ $80,874
Other Liabilities$40,134$25,678▼ $14,456
Total Liabilities$172,663$239,081▲ $66,418
Net Assets / Fund Balance
Net Assets With Donor Restrictions$248,408$429,845▲ $181,437
Net Assets Without Donor Restrictions$-204,350$-141,658▲ $62,692
Total Net Assets Fund Balance$44,058$288,187▲ $244,129
Total Liabilities and Net Assets / Fund Balance$216,721$527,268▲ $310,547

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,530$13,271$42,801
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daphne GriffinExecutive Director (until 3/2/20)FT$194,534$33,851$228,385
Carolyn Gould Until 81420Managing Director of Program ServicesFT$133,184$14,039$147,223
Dalina Chawalit Until 83120Managing Director of Finance & Ops.FT$6,839$2,235$9,074

Board Members and Trustees

NameTitle
John F FishChair/director
Linda Dorcena ForryVice Chair
Andrew MuncerDirector
Anissa Essaibi-georgeDirector
Herby DuverneDirector
Jack SebastianDirector
Joan Wallace-benjaminDirector
Mark FlahertyDirector
Robert DesalvioDirector
Sandy EdgerleyDirector
William GrossDirector
Adam WeinerDirector (until 11/21/19)
Makeeba MccrearyDirector (until 9/19/19)
Regina RobinsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,929,811
Program Service Revenue
$0
Investment Income
$412
Other Revenue
$-234,867
All Other Contributions
$1,372,678
Change in Net Assets
$243,246

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,930,223
Revenue Not Reported on Financial Statements
$-234,867
Revenue Not Reported on Form 990
$259,308
Other Revenue Adjustments
$-234,867
Total Revenue per Audited Statements
$4,189,531
Total Revenue per Form 990
$3,695,356
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,784,496
Total Fundraising Expense$741,217
Other Expenses$518,114
Grants and Similar Amounts Paid$110,500
Professional Fundraising Fees$39,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,665,153$128,671$362,873$2,156,697
Current Officers, Directors, Trustees, and Key Employees-$146,296$104,086$250,382
Payroll Taxes$152,820$23,807$42,113$218,740
Other Employee Benefits$127,384$4,279$27,014$158,677
Grants to Domestic Individuals$110,500--$110,500
Occupancy$50,219$13,065$13,743$77,027
Fees for Services Other$6,051$4,140$58,526$68,717
Information Technology$28,105$34,969-$63,074
Office Expenses$35,790$719$25,923$62,432
Advertising--$58,334$58,334
Insurance-$51,524-$51,524
Fees for Services Professional Fundraising--$39,000$39,000
Fees for Services Accounting-$20,088$149$20,237
All Other Expenses$9,341$4,605$6,046$19,992
Travel$10,199$3,399$89$13,687
Other Expenses$13,448$5,782$3,321$13,448
Depreciation Depletion$8,560--$8,560
Total Functional Expenses$2,245,843$465,050$741,217$3,452,110

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,945,402
Expenses per Audited Statements$3,452,110
Total Expenses per Form 990$3,452,110
Expenses Not Reported on Form 990$493,292
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$234,867
Professional Fundraising Fees$39,000
Fundraising Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$2,557,133-$179,867-
None----
Total Events$2,557,133-$234,867$-234,867
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)$25,678
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

Form 990, Part VI, Section A, Line 2

The chair of the board, john fish, has business relationships with 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 without schedule b 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
2021-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John F Fish
Formed
2010
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
83
Volunteers
65

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 2017.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Direct special events expense reported on form 990, part viii, line 8b -234,867.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct special events expense reported on form 990, part viii, line 8b 234,867.

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IRS990/Form990PartVIISectionAGrp/PersonNm14JOHN F FISH
IRS990/Form990PartVIISectionAGrp/PersonNm15REGINA ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm16LINDA DORCENA FORRY
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR (UNTIL 3/2/20)
IRS990/Form990PartVIISectionAGrp/TitleTxt1MANAGING DIR. OF PROGRAM SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt2MANAGING DIR. OF FINANCE & OPS.
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR (UNTIL 9/19/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR (UNTIL 11/21/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHAIR/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt16VICE CHAIR
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IRS990/MissionDesc0SCHOLAR 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.
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