Civic Intelligence

Fahari Academy Charter School

990 • Fiscal year 2013 • EIN 32-0279176

Jul 01, 2012 to Jun 30, 2013 • Filed on Feb 04, 2014

Organization ProfileWWW.FAHARIACADEMY.ORG
72 Veronica Place No 41811226
Siviq Scores

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

Liabilities / Assets

59th percentile

0.30x

Higher debt load relative to assets than 59% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

9th percentile

-10%

Faster asset growth than 9% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$1,109,759

Down $124,710 (-10%) from 2012

Net Assets

Down

$777,169

Down $233,558 (-23%) from 2012

Liabilities

Up

$332,590

Up $108,848 (+49%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$5,396,508

Up $1,777,546 (+49%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

2013

Assets$1,109,759
Liabilities$332,590
Net Assets$777,169
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2013

Revenue-
Expenses$5,396,508
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Feb 4, 2014
Return Version
2012v2.1
Gross Receipts
$5,162,950
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
Raw XML AppendixShowing 400 of 459 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/Form990ScheduleDPartXIII/Explanation0THE CHARTER SCHOOL IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME. THE CHARTER SCHOOL HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. THE CHARTER SCHOOL FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, AS OF JUNE 30, 2013, THE CHARTER SCHOOL IS NO LONGER SUBJECT TO US FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS ENDED PRIOR TO JUNE 30, 2010. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2010 THROUGH JUNE 30, 2013 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS. MANAGEMENT OF THE CHARTER SCHOOL BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS.
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0THE ORGANIZATION'S POLICY IS POSTED ON THEIR WEBSITE AND IS INCLUDED ON THE SCHOOL APPLICATION.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1THE ORGANIZATION IS A FREE PUBLIC CHARTER SCHOOL, NO SCHOLARSHIPS OR FINANCIAL ASSISTANCE IS OFFERED.
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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IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1072 VERONICA PLACE NO418
IRS990/TheBooksAreInCareOf/AddressUS/City0BROOKLYN
IRS990/TheBooksAreInCareOf/AddressUS/State0NY
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode011226
IRS990/TheBooksAreInCareOf/NamePerson0STEPHANIE CLAGNAZ PRINCIPAL
IRS990/TheBooksAreInCareOf/TelephoneNumber07182183185
IRS990/TotalAssets/BOY01234469
IRS990/TotalAssetsBOY01234469
IRS990/TotalAssets/EOY01109759
IRS990/TotalAssetsEOY01109759
IRS990/TotalCompGT150K00
IRS990/TotalContributions0282008
IRS990/TotalExpensesCurrentYear05396508
IRS990/TotalExpensesPriorYear03618962
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral0996932
IRS990/TotalFunctionalExpenses/ProgramServices04399576
IRS990/TotalFunctionalExpenses/Total05396508
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY0223742

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,109,759
Liabilities
$332,590
Net assets
$777,169
Revenue
-
Expenses
$5,396,508
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.30$0.10$0.20$0.11$0.38$0.27
2016Detailed filing. Detailed filing data is available for this year.$1.05$0.58$0.47$6.59$6.39$0.21
2015Detailed filing. Detailed filing data is available for this year.$0.68$0.41$0.26$6.81$7.26$0.45
2014Detailed filing. Detailed filing data is available for this year.$1.22$0.51$0.71$6.67$6.73$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.33$0.78$5.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.22$1.01$3.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.11$0.42$1.44