Civic Intelligence

Polk Pre-Collegiate Academy Inc

EIN 27-4846294 • 501(c)3 • Auburndale, FL

Profile

To improve the college readiness

5316 Berkley RdAuburndale, FL 33823

www.ppcacademy.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

87th percentile

0.64x

Higher debt load relative to assets than 87% of similar nonprofits.

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

Liabilities / Revenue

82nd percentile

0.57x

Higher debt load relative to revenue than 82% of similar nonprofits.

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

Net Margin

55th percentile

7.0%

Higher net margin than 55% of similar nonprofits.

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

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

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

Asset Growth

12th percentile

-13%

Faster asset growth than 12% of similar nonprofits.

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

Revenue Growth

39th percentile

2.0%

Faster revenue growth than 39% of similar nonprofits.

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

Assets

Down

$1,097,166

Down $170,726 (-13%) from 2021

Liabilities

Down

$697,529

Down $255,796 (-27%) from 2021

Net Assets

Up

$399,637

Up $85,070 (+27%) from 2021

Revenue

Up

$1,221,061

Up $23,524 (+2.0%) from 2021

Expenses

Up

$1,135,991

Up $30,272 (+2.7%) from 2021

Net Income

Down

$85,070

Down $6,748 (-7.3%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2012: $140,806Liabilities 2012: $36,531Net Assets 2012: $104,2752012Assets 2013: $279,753Liabilities 2013: $140,578Net Assets 2013: $139,1752013Assets 2014: $402,079Liabilities 2014: $191,564Net Assets 2014: $210,5152014Assets 2015: $474,509Liabilities 2015: $445,651Net Assets 2015: $28,8582015Assets 2016: $562,950Liabilities 2016: $538,463Net Assets 2016: $24,4872016Assets 2017: $726,219Liabilities 2017: $660,300Net Assets 2017: $65,9192017Assets 2018: $764,897Liabilities 2018: $699,407Net Assets 2018: $65,4902018Assets 2019: $860,822Liabilities 2019: $743,574Net Assets 2019: $117,2482019Assets 2020: $1,031,364Liabilities 2020: $808,615Net Assets 2020: $222,7492020Assets 2021: $1,267,892Liabilities 2021: $953,325Net Assets 2021: $314,5672021Assets 2022: $1,097,166Liabilities 2022: $697,529Net Assets 2022: $399,6372022

Highlighted filing

2022

Assets$1,097,166
Liabilities$697,529
Net Assets$399,637

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2012: $165,0642012Expenses 2013: $378,7562013Revenue 2014: $670,430Expenses 2014: $599,090Net Income 2014: $71,3402014Revenue 2015: $718,691Expenses 2015: $723,185Net Income 2015: -$4,4942015Revenue 2016: $712,171Expenses 2016: $716,542Net Income 2016: -$4,3712016Revenue 2017: $821,566Expenses 2017: $780,134Net Income 2017: $41,4322017Revenue 2018: $868,604Expenses 2018: $869,033Net Income 2018: -$4292018Revenue 2019: $951,095Expenses 2019: $899,337Net Income 2019: $51,7582019Revenue 2020: $1,095,777Expenses 2020: $990,276Net Income 2020: $105,5012020Revenue 2021: $1,197,537Expenses 2021: $1,105,719Net Income 2021: $91,8182021Revenue 2022: $1,221,061Expenses 2022: $1,135,991Net Income 2022: $85,0702022

Highlighted filing

2022

Revenue$1,221,061
Expenses$1,135,991
Net Income$85,070

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 25, 2023
Return Version
2021v4.1
Gross Receipts
$1,221,061
Mission and Program Overview

Mission

To improve the college readiness

To improve the college readiness level of students through rigorous and relevant college preparatory academics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,094,393$919,837▼ $174,556
Rtn Earn Endowment Incm Other Fnds$313,980$396,979▲ $82,999
Prepaid Expenses and Deferred Charges$2,045$30,964▲ $28,919
Pledges and Grants Receivable$26,687$11,450▼ $15,237
Accounts Receivable$4,785--
Land, Buildings, and Equipment, Net$587$2,658▲ $2,071
Pd in Cap Srpls Land Bldg Eqp Fund$587$2,658▲ $2,071
Total Assets$1,267,892$1,097,166▼ $170,726
Other Assets Total$139,395$132,257▼ $7,138
Liabilities
Other Liabilities$429,068$399,159▼ $29,909
Accounts Payable and Accrued Expenses$453,144$298,370▼ $154,774
Deferred Revenue$71,113--
Total Liabilities$953,325$697,529▼ $255,796
Net Assets / Fund Balance
Total Net Assets Fund Balance$314,567$399,637▲ $85,070
Total Liabilities and Net Assets / Fund Balance$1,267,892$1,097,166▼ $170,726

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,658$6,618-
Other Assets Org$132,257--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Henry MansonBoard Chair
Burke ThompsonVice Chair
Samantha MeadowsMatthew Mock
Taylor ShookSecretary
Cotina OwensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,193,629
Investment Income
$0
Other Revenue
$27,432
Change in Net Assets
$85,070

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,221,061
Total Revenue per Audited Statements
$1,221,061
Total Revenue per Form 990
$1,221,061
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,135,991
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$452,658$0$0$452,658
Other Expenses$0$13,541$0$13,541
Depreciation Depletion$885$0$0$885
Total Functional Expenses$1,122,450$13,541$0$1,135,991

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,135,991
Total Expenses per Audited Statements$1,135,991
Total Expenses per Form 990$1,135,991
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
Deferred Inflow Related to Pensions$211,842
Net Pension Liability$187,317
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Polk Pre-collegiate Academy Inc
EIN
27-4846294
Phone
8639842443
Address
5316 BERKLEY RD, AUBURNDALE, FL 33823

Signing Officer

Name
Henry Manson
Title
Board Chair
Phone
8639842443
Signed
2023-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Henry Manson
Formed
2011
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
10

Preparer

Firm
Robert Walker CPA PA
Address
2803 W Busch Blvd Ste 106, Tampa, FL 33618
Preparer
Robert Walker CPA
Phone
8136248643
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The 990 is prepared by an independent cpa firm and a draft is provided to the finance committee for review. The final 990 is provided to the board for approval.

Pt VI, Line 12C

At each board meeting, the agenda is notated to remind board members to recuse from voting on any item that may be a conflict of interest.

Pt VI, Line 15B

The principal is paid in accordance with the school district's pay scale.

Pt XI

The School participates in the Florida Retirement System (FRS) defined benefit pension plan and the Health Insurance Subsidy (HIS) defined benefit plan administered by Florida Division of Retirement. As a participating employer, the School implemented GASB Statement No. 68, Accounting and Financial Reporting for Pensions, which requires employers participating in cost-sharing multiple-employer defined benefit pension plans to report the employers proportionate share of the net pension liabilities and related pension amounts of the defined benefit pension plans. To account for this accounting change, the beginning net position of $210,515, as previously reported, has been decreased by $177,163 which represents the Schools proportionate share of the net pension liabilities at July 1, 2014, to a beginning net position of $33,352.

Form 990, Part IX, Line 24E

School administration 159478. 159478. 0. 0.

Form 990, Part IX, Line 24E

Fiscal services 22204. 22204. 0. 0.

Form 990, Part IX, Line 24E

Central services 7205. 7205. 0. 0.

Form 990, Part IX, Line 24E

Student transportation 30757. 30757. 0. 0.

Form 990, Part IX, Line 24E

Operation of plant 233014. 233014. 0. 0.

Financial Statement Notes

Pt X, Line 2

The School is exempt from Federal tax under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes has been included in the accompanying financial statements. Additionally, no uncertain tax positions have been made requiring disclosure in the related note to financial statements. The Schools income tax returns for the past three years are subject to examination by tax authorities and may change upon examination.

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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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IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0RECEIVES GRANTS THROUGH THE FLORIDA DEPT OF EDUCATION
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS INCLUDED A NON-DISCRIMINATION NOTICE IN THE SCHOOL NEWSPAPER AS WELL AS IN THEIR PUBLIC CHARTER. NA
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 6b
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND A DRAFT IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW. THE FINAL 990 IS PROVIDED TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT EACH BOARD MEETING, THE AGENDA IS NOTATED TO REMIND BOARD MEMBERS TO RECUSE FROM VOTING ON ANY ITEM THAT MAY BE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRINCIPAL IS PAID IN ACCORDANCE WITH THE SCHOOL DISTRICT'S PAY SCALE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The School participates in the Florida Retirement System (FRS) defined benefit pension plan and the Health Insurance Subsidy (HIS) defined benefit plan administered by Florida Division of Retirement. As a participating employer, the School implemented GASB Statement No. 68, Accounting and Financial Reporting for Pensions, which requires employers participating in cost-sharing multiple-employer defined benefit pension plans to report the employers proportionate share of the net pension liabilities and related pension amounts of the defined benefit pension plans. To account for this accounting change, the beginning net position of $210,515, as previously reported, has been decreased by $177,163 which represents the Schools proportionate share of the net pension liabilities at July 1, 2014, to a beginning net position of $33,352.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SCHOOL ADMINISTRATION 159478. 159478. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FISCAL SERVICES 22204. 22204. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CENTRAL SERVICES 7205. 7205. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7STUDENT TRANSPORTATION 30757. 30757. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OPERATION OF PLANT 233014. 233014. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01267892
IRS990/TotalAssetsEOYAmt01097166
IRS990/TotalAssetsGrp/BOYAmt01267892
IRS990/TotalAssetsGrp/EOYAmt01097166
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013541
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01122450
IRS990/TotalFunctionalExpensesGrp/TotalAmt01135991
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0953325
IRS990/TotalLiabilitiesEOYAmt0697529
IRS990/TotalLiabilitiesGrp/BOYAmt0953325
IRS990/TotalLiabilitiesGrp/EOYAmt0697529
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0314567
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0399637
IRS990/TotalProgramServiceExpensesAmt01122450
IRS990/TotalProgramServiceRevenueAmt01193629
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01221061
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01221061
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01267892
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01097166
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05316 BERKLEY RD
IRS990/USAddress/CityNm0AUBURNDALE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033823
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.ppcacademy.net
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HENRY MANSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum08639842443
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0POLK PRE-COLLEGIATE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0POLK
ReturnHeader/Filer/EIN0274846294
ReturnHeader/Filer/PhoneNum08639842443
ReturnHeader/Filer/USAddress/AddressLine1Txt05316 BERKLEY RD
ReturnHeader/Filer/USAddress/CityNm0AUBURNDALE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033823
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200676201
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Robert Walker CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02803 W Busch Blvd Ste 106
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tampa
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033618
ReturnHeader/PreparerPersonGrp/PhoneNum08136248643
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robert Walker CPA
ReturnHeader/ReturnTs02023-04-25T08:53:12-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HENRY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MANSON
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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