Civic Intelligence

Polk Pre-Collegiate Academy Inc

990 • Fiscal year 2015 • EIN 27-4846294

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 17, 2015

Organization Profilewww.ppcacademy.net
5316 Berkley RdAuburndale, FL 33823

(863) 984-2443

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.94x

Higher debt load relative to assets than 92% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

86th percentile

0.62x

Higher debt load relative to revenue than 86% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

38th percentile

-0.6%

Higher net margin than 38% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

77th percentile

18%

Faster asset growth than 77% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

58th percentile

7.2%

Faster revenue growth than 58% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$474,509

Up $72,430 (+18%) from 2014

Net Assets

Down

$28,858

Down $181,657 (-86%) from 2014

Liabilities

Up

$445,651

Up $254,087 (+133%) from 2014

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin38th percentile

Revenue

Up

$718,691

Up $48,261 (+7.2%) from 2014

Expenses

Up

$723,185

Up $124,095 (+21%) from 2014

Net Income

Down

-$4,494

Down $75,834 (-106%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$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

2015

Assets$474,509
Liabilities$445,651
Net Assets$28,858
Open 2015 Filing

Operations Trend

Revenue Growth58th percentile

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$718,691
Expenses$723,185
Net Income-$4,494
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 17, 2015
Return Version
2014v6.0
Gross Receipts
$718,691
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$309,059$372,341▲ $63,282
Land, Buildings, and Equipment, Net$85,743$61,155▼ $24,588
Pd in Cap Srpls Land Bldg Eqp Fund$85,743$61,155▼ $24,588
Accounts Receivable$6,552$6,346▼ $206
Prepaid Expenses and Deferred Charges$725$750▲ $25
Rtn Earn Endowment Incm Other Fnds$124,772$-32,297▼ $157,069
Total Assets$402,079$474,509▲ $72,430
Other Assets Total-$33,917-
Liabilities
Accounts Payable and Accrued Expenses$191,564$245,005▲ $53,441
Other Liabilities-$200,646-
Total Liabilities$191,564$445,651▲ $254,087
Net Assets / Fund Balance
Total Net Assets Fund Balance$210,515$28,858▼ $181,657
Total Liabilities and Net Assets / Fund Balance$402,079$474,509▲ $72,430

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$61,155$67,403-
Other Assets Org$33,917--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Henry MansonBoard Chair
Larry JacksonVice Chair
Fred RhodaDirector
Jason HerzogDirector
Robert RoyDirector
Robert StambaughDirector
Veronica HendersonDirector
Cathy CarverPrincipal
James ReutherSecretary
Burke ThompsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Berkley Accelerated Middle School INCContracted Employees5316 BERKLEY ROAD, Auburndale, FL 33823$393,172
Berkley Accelerated Middle School INCFacility Lease5316 BERKLEY ROAD, Auburndale, FL 33823$137,237
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$687,788
Investment Income
$0
Other Revenue
$30,903
Change in Net Assets
$-4,494
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$723,185
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$246,648$67,495$0$314,143
Depreciation Depletion$25,451$0$0$25,451
Other Expenses$0$8,787$0$8,787
Total Functional Expenses$646,903$76,282$0$723,185
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$129,751
Deferred Inflow Related to Pensions$70,895
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
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
Cathy Carver
Title
Principal
Phone
8639842443
Signed
2015-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cathy Carver
Formed
2011
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
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 24F

“School administration 134991. 67496. 67495. 0. Fiscal services 13974. 13974. 0. 0. Central services 1891. 1891. 0. 0. Pupil transportation 18508. 18508. 0. 0. Operation of plant 144779. 144779. 0. 0.”

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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/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS INCLUDED A NON-DISCRIMINATION NOTICE IN THE SCHOOL NEWSPAPER AS WELL AS IN THEIR PUBLIC CHARTER. NA
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1RECEIVES GRANTS THROUGH THE FLORIDA DEPT OF EDUCATION
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
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 134991. 67496. 67495. 0. FISCAL SERVICES 13974. 13974. 0. 0. CENTRAL SERVICES 1891. 1891. 0. 0. PUPIL TRANSPORTATION 18508. 18508. 0. 0. OPERATION OF PLANT 144779. 144779. 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 24f
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0402079
IRS990/TotalAssetsEOYAmt0474509
IRS990/TotalAssetsGrp/BOYAmt0402079
IRS990/TotalAssetsGrp/EOYAmt0474509
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt076282
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0646903
IRS990/TotalFunctionalExpensesGrp/TotalAmt0723185
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0191564
IRS990/TotalLiabilitiesEOYAmt0445651
IRS990/TotalLiabilitiesGrp/BOYAmt0191564
IRS990/TotalLiabilitiesGrp/EOYAmt0445651
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0210515
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt028858
IRS990/TotalProgramServiceExpensesAmt0646903
IRS990/TotalProgramServiceRevenueAmt0687788
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0718691
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0718691
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0402079
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0474509
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05316 BERKLEY RD
IRS990/USAddress/CityNm0AUBURNDALE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033823
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.ppcacademy.net
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CATHY CARVER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL
ReturnHeader/BusinessOfficerGrp/PhoneNum08639842443
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-17
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/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/ReturnTs02016-01-14T06:48:07-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$474,509
Liabilities
$445,651
Net assets
$28,858
Revenue
$718,691
Expenses
$723,185
Net income
-$4,494
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.70$0.40$1.22$1.14$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.95$0.31$1.20$1.11$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.81$0.22$1.10$0.99$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.74$0.12$0.95$0.90$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.70$0.07$0.87$0.87$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.66$0.07$0.82$0.78$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.56$0.54$0.02$0.71$0.72$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.47$0.45$0.03$0.72$0.72$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.40$0.19$0.21$0.67$0.60$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.14$0.14$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.04$0.10$0.17