Civic Intelligence

Edge Learning Inc.

990 • Fiscal year 2019 • EIN 31-1624476

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 14, 2020

92 N Union StreetAkron, OH 44304

(330) 535-4581

Siviq Scores

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

Liabilities / Assets

99th percentile

2.65x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

89th percentile

1.38x

Higher debt load relative to revenue than 89% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

62nd percentile

8.4%

Higher net margin than 62% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

4th percentile

-29%

Faster asset growth than 4% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

22nd percentile

-11%

Faster revenue growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,294,114

Down $528,931 (-29%) from 2018

Net Assets

Down

-$2,133,596

Down $179,002 (-9.2%) from 2018

Liabilities

Down

$3,427,710

Down $349,929 (-9.3%) from 2018

Revenue

Down

$2,491,312

Down $293,248 (-11%) from 2018

Expenses

Up

$2,281,848

Up $876,170 (+62%) from 2018

Net Income

Down

$209,464

Down $1,169,418 (-85%) from 2018

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2011: $788,932Liabilities 2011: $300,777Net Assets 2011: $488,1552011Assets 2012: $654,260Liabilities 2012: $202,893Net Assets 2012: $451,3672012Assets 2013: $735,939Liabilities 2013: $184,226Net Assets 2013: $551,7132013Assets 2014: $755,720Liabilities 2014: $229,112Net Assets 2014: $526,6082014Assets 2015: $1,039,397Liabilities 2015: $3,257,029Net Assets 2015: -$2,217,6322015Assets 2016: $1,070,989Liabilities 2016: $3,366,605Net Assets 2016: -$2,295,6162016Assets 2017: $1,335,961Liabilities 2017: $3,925,174Net Assets 2017: -$2,589,2132017Assets 2018: $1,823,045Liabilities 2018: $3,777,639Net Assets 2018: -$1,954,5942018Assets 2019: $1,294,114Liabilities 2019: $3,427,710Net Assets 2019: -$2,133,5962019Assets 2021: $1,551,273Liabilities 2021: $3,594,793Net Assets 2021: -$2,043,5202021Assets 2022: $1,653,197Liabilities 2022: $3,118,162Net Assets 2022: -$1,464,9652022Assets 2025: $2,224,412Liabilities 2025: $3,355,205Net Assets 2025: -$1,130,7932025

Highlighted filing

2019

Assets$1,294,114
Liabilities$3,427,710
Net Assets-$2,133,596

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $2,458,6072011Expenses 2012: $2,387,3972012Expenses 2013: $2,320,3482013Revenue 2014: $2,500,481Expenses 2014: $2,551,278Net Income 2014: -$50,7972014Revenue 2015: $2,729,805Expenses 2015: $2,557,440Net Income 2015: $172,3652015Revenue 2016: $2,471,367Expenses 2016: $2,538,829Net Income 2016: -$67,4622016Revenue 2017: $2,574,446Expenses 2017: $2,786,704Net Income 2017: -$212,2582017Revenue 2018: $2,784,560Expenses 2018: $1,405,678Net Income 2018: $1,378,8822018Revenue 2019: $2,491,312Expenses 2019: $2,281,848Net Income 2019: $209,4642019Revenue 2021: $2,603,885Expenses 2021: $2,604,755Net Income 2021: -$8702021Revenue 2022: $3,298,529Expenses 2022: $2,719,974Net Income 2022: $578,5552022Revenue 2025: $3,361,758Expenses 2025: $3,628,316Net Income 2025: -$266,5582025

Highlighted filing

2019

Revenue$2,491,312
Expenses$2,281,848
Net Income$209,464
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 14, 2020
Return Version
2018v3.0
Gross Receipts
$2,491,312
Mission and Program Overview

Mission

Providing educational services to Grades K-5 students.

The Edge Academy is a kindergarten through fifth grade charter school serving the Akron Community. The Edge Academy believes in a shaping the future through our children by providing a quality education in a safe, caring and diverse learning environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$132,675$119,204▼ $13,471
Prepaid Expenses and Deferred Charges$205,966$115,795▼ $90,171
Cash and Non-Interest-Bearing Accounts$83,594$72,564▼ $11,030
Pledges and Grants Receivable$21,780$55,833▲ $34,053
Accounts Receivable-$28,043-
Total Assets$1,507,418$1,294,114▼ $213,304
Other Assets Total$1,063,403$902,675▼ $160,728
Liabilities
Other Liabilities$3,666,390$3,253,108▼ $413,282
Accounts Payable and Accrued Expenses$156,851$102,285▼ $54,566
Mortgage Notes Payable Secured by Investment Property$27,237$72,317▲ $45,080
Total Liabilities$3,850,478$3,427,710▼ $422,768
Net Assets / Fund Balance
Permanently Rstr Net Assets$132,675$119,204▼ $13,471
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-2,475,735$-2,252,800▲ $222,935
Total Net Assets Fund Balance$-2,343,060$-2,133,596▲ $209,464
Total Liabilities and Net Assets / Fund Balance$1,507,418$1,294,114▼ $213,304

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$68,403$23,476$0
Leasehold Improvements$50,801$66,551$0
Other Assets Org$140,139--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Staci NevelsBoard President
Donna RyckmanBoard Member
Ian TaylorBoard Member
Mary Beth KlugeBoard Member
Richard SchwarzBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Charter DevelopmentRent2637 North Revere Road, Akron, OH 44333$234,673
Arlenes CuisineStudent Food Service3000 West 5th Street, Columbus, OH 43204$121,076
Revenue and Support

Revenue Composition

Contributions and Grants
$2,491,312
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,491,312
Change in Net Assets
$209,464

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,491,312
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,491,312
Total Revenue per Form 990
$2,491,312
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,276,808
Other Expenses$1,005,040
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,261,113--$1,261,113
Occupancy$455,894--$455,894
Other Expenses$165,208$0$0$165,208
Fees for Services Other$104,151--$104,151
Fees for Services Accounting$40,871--$40,871
Office Expenses$24,961--$24,961
Insurance$24,925--$24,925
Depreciation Depletion$19,816--$19,816
Other Employee Benefits$15,695--$15,695
Fees for Services Legal$8,604--$8,604
Advertising$7,960--$7,960
Interest$7,577--$7,577
All Other Expenses$5,685--$5,685
Total Functional Expenses$2,281,848$0$0$2,281,848

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,281,848
Total Expenses per Audited Statements$2,281,848
Total Expenses per Form 990$2,281,848
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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 Pension Liability$2,418,966
Deferred Inflows of Resources - Pension$310,155
Deferred Inflows of Resources - OPEB$295,234
Net OPEB Liability$228,753
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 B, Line 11B

The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, it is provided to the Board of Directors legal counsel for review. Once completed it is then provided to the Board President for final approval before the fiscal officer signs and files the return.

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

The Board of Directors, in conjunction with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.

Form 990, Part VI, Section C, Line 19

The school's governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer, and may be provided upon request.

Filing and Contact Details

Filer

Filer Name
Edge Learning Inc
EIN
31-1624476
Phone
3305354581
Address
92 N Union Street, Akron, OH 44304

Signing Officer

Name
David Massa
Title
Treasurer
Phone
3305150572
Signed
2020-04-14

Organization Details

Principal Officer
C David Massa
Formed
1999
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
49
Volunteers
0
Raw XML AppendixShowing 400 of 431 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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IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt068403
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023476
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt091879
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02281848
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt050801
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt066551
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0117352
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0718632
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt143904
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2140139
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources - Pension
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources - OPEB
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Net OPEB Asset
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02418966
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1228753
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2310155
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3295234
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Inflows of Resources - Pension
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows of Resources - OPEB
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02491312
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0119204
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0902675
IRS990ScheduleD/TotalExpensesPerForm990Amt02281848
IRS990ScheduleD/TotalLiabilityAmt03253108
IRS990ScheduleD/TotalRevenuePerForm990Amt02491312
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02491312
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02281848
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
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/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Various radio and television advertising and in statements on website and in marketing materials.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The school is a charter school that receives funding from the Ohio Department of Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, it is provided to the Board of Directors legal counsel for review. Once completed it is then provided to the Board President for final approval before the fiscal officer signs and files the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors, in conjunction with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The school's governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer, and may be provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01507418
IRS990/TotalAssetsEOYAmt01294114
IRS990/TotalAssetsGrp/BOYAmt01507418
IRS990/TotalAssetsGrp/EOYAmt01294114
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02491312
IRS990/TotalEmployeeCnt049
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02281848
IRS990/TotalFunctionalExpensesGrp/TotalAmt02281848
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03850478
IRS990/TotalLiabilitiesEOYAmt03427710
IRS990/TotalLiabilitiesGrp/BOYAmt03850478
IRS990/TotalLiabilitiesGrp/EOYAmt03427710
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2343060
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2133596
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt02281848
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02491312
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01507418
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01294114
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.22$3.36$1.13$3.36$3.63$0.27
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.65$3.12$1.46$3.30$2.72$0.58
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.55$3.59$2.04$2.60$2.60$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.29$3.43$2.13$2.49$2.28$0.21
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$3.78$1.95$2.78$1.41$1.38
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$3.93$2.59$2.57$2.79$0.21
2016Detailed filing. Detailed filing data is available for this year.$1.07$3.37$2.30$2.47$2.54$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.04$3.26$2.22$2.73$2.56$0.17
2014Detailed filing. Detailed filing data is available for this year.$0.76$0.23$0.53$2.50$2.55$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.18$0.55$2.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.20$0.45$2.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.30$0.49$2.46