Civic Intelligence

St Peter'S Academy Inc

990 • Fiscal year 2019 • EIN 31-1775432

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 10, 2020

Refreshing map…

4250 38th AvenueVero Beach, FL 32967

(772) 562-1963

Siviq Scores

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

Liabilities / Assets

61st percentile

0.16x

Higher debt load relative to assets than 61% of similar nonprofits.

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

Liabilities / Revenue

61st percentile

0.16x

Higher debt load relative to revenue than 61% of similar nonprofits.

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

Net Margin

27th percentile

-5.0%

Higher net margin than 27% 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

13th percentile

-8.5%

Faster asset growth than 13% of similar nonprofits.

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

Revenue Growth

49th percentile

3.5%

Faster revenue growth than 49% of similar nonprofits.

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

Assets

Down

$1,479,048

Down $68,958 (-4.5%) from 2016

Net Assets

Up

$1,237,255

Up $37,255 (+3.1%) from 2016

Liabilities

Down

$241,793

Down $106,213 (-31%) from 2016

Revenue

Up

$1,542,435

Up $247,764 (+19%) from 2016

Expenses

Up

$1,620,099

Up $425,600 (+36%) from 2016

Net Income

Down

-$77,664

Down $177,836 (-178%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,612,590Liabilities 2010: $605,956Net Assets 2010: $1,006,6342010Assets 2011: $1,777,225Liabilities 2011: $532,282Net Assets 2011: $1,244,9432011Assets 2012: $1,686,357Liabilities 2012: $457,106Net Assets 2012: $1,229,2512012Assets 2013: $1,696,036Liabilities 2013: $433,713Net Assets 2013: $1,262,3232013Assets 2014: $1,528,275Liabilities 2014: $405,448Net Assets 2014: $1,122,8272014Assets 2015: $1,477,734Liabilities 2015: $377,906Net Assets 2015: $1,099,8282015Assets 2016: $1,548,006Liabilities 2016: $348,006Net Assets 2016: $1,200,0002016Assets 2019: $1,479,048Liabilities 2019: $241,793Net Assets 2019: $1,237,2552019Assets 2020: $1,453,332Liabilities 2020: $189,218Net Assets 2020: $1,264,1142020Assets 2021: $1,510,918Liabilities 2021: $16,777Net Assets 2021: $1,494,1412021Assets 2022: $1,282,839Liabilities 2022: $0Net Assets 2022: $1,282,8392022

Highlighted filing

2019

Assets$1,479,048
Liabilities$241,793
Net Assets$1,237,255

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,196,4482010Expenses 2011: $1,277,8002011Expenses 2012: $1,320,8342012Expenses 2013: $1,253,4182013Revenue 2014: $1,163,065Expenses 2014: $1,302,561Net Income 2014: -$139,4962014Revenue 2015: $1,171,076Expenses 2015: $1,194,075Net Income 2015: -$22,9992015Revenue 2016: $1,294,671Expenses 2016: $1,194,499Net Income 2016: $100,1722016Revenue 2019: $1,542,435Expenses 2019: $1,620,099Net Income 2019: -$77,6642019Revenue 2020: $1,633,724Expenses 2020: $1,606,865Net Income 2020: $26,8592020Revenue 2021: $1,897,094Expenses 2021: $1,667,067Net Income 2021: $230,0272021Revenue 2022: $1,552,510Expenses 2022: $1,763,812Net Income 2022: -$211,3022022

Highlighted filing

2019

Revenue$1,542,435
Expenses$1,620,099
Net Income-$77,664
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 10, 2020
Return Version
2018v3.2
Gross Receipts
$1,542,435
Mission and Program Overview

Mission

St. Peter's academy, inc. Was formed to provide education to students in kindergarten through sixth grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,314,919$1,237,255▼ $77,664
Land, Buildings, and Equipment, Net$1,202,465$1,185,232▼ $17,233
Cash and Non-Interest-Bearing Accounts$347,657$281,700▼ $65,957
Accounts Receivable$24,346--
Total Assets$1,617,315$1,479,048▼ $138,267
Other Assets Total$42,847$12,116▼ $30,731
Liabilities
Other Liabilities$284,203$223,014▼ $61,189
Accounts Payable and Accrued Expenses$18,193$18,779▲ $586
Total Liabilities$302,396$241,793▼ $60,603
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,314,919$1,237,255▼ $77,664
Total Liabilities and Net Assets / Fund Balance$1,617,315$1,479,048▼ $138,267

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,140,595$436,681$1,577,276
Equipment$43,026$188,424$231,450
Leasehold Improvements$1,611$20,996$22,607
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andrew JeffersonPresident
John RorickBoard Member
Clayton BroxtonDirector
Jennifer LopezDirector
Larry TaylorDirector
Mary MckinneySecretary
Robert TempleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$247,317
Program Service Revenue
$1,258,304
Investment Income
$0
Other Revenue
$36,814
Change in Net Assets
$-77,664

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,542,435
Total Revenue per Audited Statements
$1,542,435
Total Revenue per Form 990
$1,542,435
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,007,008
Other Expenses$613,091
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$853,035$39,959-$892,994
Occupancy$98,644$24,661-$123,305
Fees for Services Other$86,414$20,063-$106,477
Payroll Taxes$71,321--$71,321
Depreciation Depletion$39,644$9,449-$49,093
Insurance$36,454$8,356-$44,810
Pension Plan Contributions$33,466$678-$34,144
Fees for Services Management$20,805--$20,805
Other Expenses$11,414$2,853-$14,267
Interest$10,619$2,655-$13,274
Other Employee Benefits$8,549--$8,549
Travel$2,210$552-$2,762
All Other Expenses$789$197-$986
Total Functional Expenses$1,483,157$136,942$0$1,620,099

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,620,099
Total Expenses per Audited Statements$1,620,099
Total Expenses per Form 990$1,620,099
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
N/p$223,014
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Ruth jefferson andrew jefferson principal bd president husband and wife

Form 990, Page 6, Part VI, Line 11B

A draft copy of the return is provided to the board for review prior to filing with the i.r.s.

Form 990, Page 6, Part VI, Line 12C

Violations of this policy may constitute grounds for reprimand/dismissal.

Form 990, Page 6, Part VI, Line 15A

Compensation is approved by the board of directors.

Form 990, Page 6, Part VI, Line 15B

Compensation is approved by the board of directors.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
ST PETER'S ACADEMY INC
EIN
31-1775432
Phone
7725621963
Address
4250 38TH AVENUE, VERO BEACH, FL 32967

Signing Officer

Name
Ruth Jefferson
Title
Director
Phone
7725621963
Signed
2020-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Jefferson
Formed
2001
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
33

Preparer

Firm
Mccrady & Associates Pllc
Address
107 WATER OAK LN, ALTAMONTE SPRINGS, FL 32714
Preparer
Stacy Mccrady
Phone
4079604429
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The school qualifies as a tax-exempt organization under internal revenue code section 501(c)(3), and is therefore, exempt from income taxes. Accordingly, no tax provision has been made in the accompanying financial statements. Additionally, no uncertain tax positions have been made requiring disclosure in the related notes to the financial statements. The school's income tax returns for the past years 2017, 2016 and 2015 are subject to examination by tax authorities, and may change upon examination.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), AND IS THEREFORE, EXEMPT FROM INCOME TAXES. ACCORDINGLY, NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. ADDITIONALLY, NO UNCERTAIN TAX POSITIONS HAVE BEEN MADE REQUIRING DISCLOSURE IN THE RELATED NOTES TO THE FINANCIAL STATEMENTS. THE SCHOOL'S INCOME TAX RETURNS FOR THE PAST YEARS 2017, 2016 AND 2015 ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, AND MAY CHANGE UPON EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01185232
IRS990ScheduleD/TotalExpensesPerForm990Amt01620099
IRS990ScheduleD/TotalLiabilityAmt0223014
IRS990ScheduleD/TotalRevenuePerForm990Amt01542435
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01542435
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01620099
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PUBLICIZES ITS RACIALLY NONDISCRIMINATION POLICY THROUGH BROCHURES, NEWSLETTERS, LOCAL NEIGHBORHOOD EVENTS, NEWSPAPERS AND OPEN HOUSES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1REVENUES ARE RECEIVED FROM THE FLORIDA DEPARTMENT OF EDUCATION UNDER THE FLORIDA EDUCATION FINANCE PROGRAM. THE AMOUNT RECEIVED IS BASED UPON THE NUMBER OF WEIGHTED FULL-TIME EQUIVALENT STUDENTS REPORTED BY THE SCHOOL DURING THE SURVEY PERIOD.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RUTH JEFFERSON ANDREW JEFFERSON PRINCIPAL BD PRESIDENT HUSBAND AND WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT COPY OF THE RETURN IS PROVIDED TO THE BOARD FOR REVIEW PRIOR TO FILING WITH THE I.R.S.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VIOLATIONS OF THIS POLICY MAY CONSTITUTE GROUNDS FOR REPRIMAND/DISMISSAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SCHOOL BOARD OF INDIAN RIVER COUNTY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0GOVT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL BOA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt06
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01990 25TH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0VERO BEACH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd032960
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01258304
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SCHOOL BOARD OF INDIAN RIVER COUNTY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01617315
IRS990/TotalAssetsEOYAmt01479048
IRS990/TotalAssetsGrp/BOYAmt01617315
IRS990/TotalAssetsGrp/EOYAmt01479048
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0247317
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0136942
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01483157
IRS990/TotalFunctionalExpensesGrp/TotalAmt01620099
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0302396
IRS990/TotalLiabilitiesEOYAmt0241793
IRS990/TotalLiabilitiesGrp/BOYAmt0302396
IRS990/TotalLiabilitiesGrp/EOYAmt0241793
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01314919
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01237255
IRS990/TotalProgramServiceExpensesAmt01483157
IRS990/TotalProgramServiceRevenueAmt01258304
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01295118
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01542435
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01617315
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01479048
IRS990/TravelGrp/ManagementAndGeneralAmt0552
IRS990/TravelGrp/ProgramServicesAmt02210
IRS990/TravelGrp/TotalAmt02762
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04250 38TH AVENUE
IRS990/USAddress/CityNm0VERO BEACH
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032967
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0STPETERSACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RUTH JEFFERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07725621963
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ST PETER'S ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0STPE
ReturnHeader/Filer/EIN0311775432
ReturnHeader/Filer/PhoneNum07725621963
ReturnHeader/Filer/USAddress/AddressLine1Txt04250 38TH AVENUE
ReturnHeader/Filer/USAddress/CityNm0VERO BEACH

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