Civic Intelligence

Fahari Academy Charter School

990 • Fiscal year 2012 • EIN 32-0279176

Jul 01, 2011 to Jun 30, 2012 • Filed on Feb 14, 2013

72 Veronica Place No 41811226
Siviq Scores

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

Liabilities / Assets

56th percentile

0.18x

Higher debt load relative to assets than 56% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

93rd percentile

52%

Faster asset growth than 93% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2010 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$1,234,469

Up $701,695 (+132%) from 2010

Net Assets

Up

$1,010,727

Up $588,293 (+139%) from 2010

Liabilities

Up

$223,742

Up $113,402 (+103%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$3,618,962

Up $2,181,020 (+152%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $532,774Liabilities 2010: $110,340Net Assets 2010: $422,4342010Assets 2012: $1,234,469Liabilities 2012: $223,742Net Assets 2012: $1,010,7272012Assets 2013: $1,109,759Liabilities 2013: $332,590Net Assets 2013: $777,1692013Assets 2014: $1,221,325Liabilities 2014: $506,977Net Assets 2014: $714,3482014Assets 2015: $675,199Liabilities 2015: $410,734Net Assets 2015: $264,4652015Assets 2016: $1,051,983Liabilities 2016: $580,938Net Assets 2016: $471,0452016Assets 2017: $303,017Liabilities 2017: $102,897Net Assets 2017: $200,1202017

Highlighted filing

2012

Assets$1,234,469
Liabilities$223,742
Net Assets$1,010,727

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,437,9422010Expenses 2012: $3,618,9622012Expenses 2013: $5,396,5082013Revenue 2014: $6,668,557Expenses 2014: $6,731,378Net Income 2014: -$62,8212014Revenue 2015: $6,809,485Expenses 2015: $7,259,368Net Income 2015: -$449,8832015Revenue 2016: $6,594,478Expenses 2016: $6,387,898Net Income 2016: $206,5802016Revenue 2017: $112,508Expenses 2017: $383,433Net Income 2017: -$270,9252017

Highlighted filing

2012

Revenue-
Expenses$3,618,962
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Feb 14, 2013
Return Version
2011v1.5
Gross Receipts
$3,514,000
Mission and Program Overview

Mission

The charter school's mission is to serve grades five through twelve in the flatbush community. Fahari academy charter school educates, supports, challenges and trains scholars for success in college.

Filing and Contact Details

Filer

EIN
32-0279176
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation2THE ORGANIZATION RECEIVES FEDERAL AND STATE GRANTS.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE FINANCE COMMITTEE REVIEWS THE FORM 990 IN DETAIL. IT IS THEN PROVIDED TO THE BOARD FOR FINAL REVIEW AND IS THEN FILED.
IRS990ScheduleO/GeneralExplanation/Explanation1BOARD MEMBERS ARE REQUIRED TO EVALUATE AND DISCLOSE CONFLICTS OF INTERESTS ON AN ANNUAL BASIS.
IRS990ScheduleO/GeneralExplanation/Explanation2THROUGH THE ANNUAL BUDGET APPROVAL PROCESS ALL COMPENSATION FOR KEY EMPLOYEES IS APPROVED BY SCHOOL BOARD OF TRUSTEES.
IRS990ScheduleO/GeneralExplanation/Explanation3GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE ON WWW.GUIDESTAR.ORG.
IRS990ScheduleO/GeneralExplanation/Explanation4THE PROCESS IS CONSISTENT WITH PRIOR YEARS.
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