Civic Intelligence

Akron Education Association

990 • Fiscal year 2021 • EIN 34-1040557

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 14, 2021

Organization ProfileWWW.AKRONTEACH.ORG
681 N Main StreetAkron, OH 44310

(330) 434-2181

Siviq Scores

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

Liabilities / Assets

39th percentile

0.00x

Higher debt load relative to assets than 39% of similar nonprofits.

2021 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

41st percentile

0.01x

Higher debt load relative to revenue than 41% of similar nonprofits.

2021 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2021

Net Margin

74th percentile

21%

Higher net margin than 74% of similar nonprofits.

2021 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2021 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2021

Asset Growth

63rd percentile

12%

Faster asset growth than 63% of similar nonprofits.

2021 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

59th percentile

5.8%

Faster revenue growth than 59% of similar nonprofits.

2021 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$1,265,043

Up $135,752 (+12%) from 2020

Net Assets

Up

$1,260,965

Up $135,813 (+12%) from 2020

Liabilities

Down

$4,078

Down $61 (-1.5%) from 2020

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin74th percentile

Revenue

Up

$626,065

Up $34,445 (+5.8%) from 2020

Expenses

Down

$492,567

Down $28,334 (-5.4%) from 2020

Net Income

Up

$133,498

Up $62,779 (+89%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$1.5M$1.0M$500K$0Assets 2011: $1,138,453Liabilities 2011: $3,158Net Assets 2011: $1,135,2952011Assets 2012: $1,120,583Liabilities 2012: $6,384Net Assets 2012: $1,114,1992012Assets 2013: $1,126,907Liabilities 2013: $2,600Net Assets 2013: $1,124,3072013Assets 2014: $1,133,520Liabilities 2014: $7,859Net Assets 2014: $1,125,6612014Assets 2015: $1,159,777Liabilities 2015: $6,435Net Assets 2015: $1,153,3422015Assets 2016: $1,135,760Liabilities 2016: $6,213Net Assets 2016: $1,129,5472016Assets 2017: $1,140,711Liabilities 2017: $2,982Net Assets 2017: $1,137,7292017Assets 2019: $1,056,333Liabilities 2019: $4,302Net Assets 2019: $1,052,0312019Assets 2020: $1,129,291Liabilities 2020: $4,139Net Assets 2020: $1,125,1522020Assets 2021: $1,265,043Liabilities 2021: $4,078Net Assets 2021: $1,260,9652021Assets 2022: $1,351,506Liabilities 2022: $5,152Net Assets 2022: $1,346,3542022Assets 2023: $1,268,549Liabilities 2023: $5,534Net Assets 2023: $1,263,0152023Assets 2024: $1,233,505Liabilities 2024: $4,487Net Assets 2024: $1,229,0182024Assets 2025: $1,197,559Liabilities 2025: $28,865Net Assets 2025: $1,168,6942025

Highlighted filing

2021

Assets$1,265,043
Liabilities$4,078
Net Assets$1,260,965
Open 2021 Filing

Operations Trend

Revenue Growth59th percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $505,7272011Expenses 2012: $525,3132012Expenses 2013: $493,6522013Revenue 2014: $471,203Expenses 2014: $469,849Net Income 2014: $1,3542014Revenue 2015: $505,874Expenses 2015: $478,193Net Income 2015: $27,6812015Revenue 2016: $455,019Expenses 2016: $478,814Net Income 2016: -$23,7952016Revenue 2017: $482,931Expenses 2017: $474,749Net Income 2017: $8,1822017Revenue 2019: $459,408Expenses 2019: $511,911Net Income 2019: -$52,5032019Revenue 2020: $591,620Expenses 2020: $520,901Net Income 2020: $70,7192020Revenue 2021: $626,065Expenses 2021: $492,567Net Income 2021: $133,4982021Revenue 2022: $645,757Expenses 2022: $553,460Net Income 2022: $92,2972022Revenue 2023: $663,267Expenses 2023: $721,326Net Income 2023: -$58,0592023Revenue 2024: $651,120Expenses 2024: $689,708Net Income 2024: -$38,5882024Revenue 2025: $618,124Expenses 2025: $681,042Net Income 2025: -$62,9182025

Highlighted filing

2021

Revenue$626,065
Expenses$492,567
Net Income$133,498
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 14, 2021
Return Version
2020v4.1
Gross Receipts
$626,065
Mission and Program Overview

Mission

Represent akron board of education employees with wage increases, fringe benefits, arbitrate employee complaints, assist members with job related legal problems

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$518,921$503,739▼ $15,182
Cash and Non-Interest-Bearing Accounts$251,589$399,024▲ $147,435
Savings and Temporary Cash Investments$335,321$335,077▼ $244
Investments Program Related$23,460$27,203▲ $3,743
Total Assets$1,129,291$1,265,043▲ $135,752
Liabilities
Accounts Payable and Accrued Expenses$4,139$4,078▼ $61
Total Liabilities$4,139$4,078▼ $61
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,101,692$1,233,762▲ $132,070
Net Assets With Donor Restrictions$23,460$27,203▲ $3,743
Total Net Assets Fund Balance$1,125,152$1,260,965▲ $135,813
Total Liabilities and Net Assets / Fund Balance$1,129,291$1,265,043▲ $135,752

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$321,604$228,491$550,095
Land$180,831-$180,831
Equipment$1,304$86,177$87,481
Investment Program Related Org$27,203--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$23,460-▲ $3,743-$27,203
2019$25,710-▼ $404-$25,306
2018$23,864-▲ $1,846-$25,710
2017$21,742-▲ $122-$21,864
2016$18,572-▲ $2,777-$21,349
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Patricia ShipePresident
Janell BrownElementary Vice President
Michael HouseholderFirst Vice President
George NiinistoSecondary Vice President
Christine MilcetichSecretary Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$624,922
Program Service Revenue
$0
Investment Income
$1,143
Other Revenue
$0
All Other Contributions
$40
Change in Net Assets
$133,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$344,120
Other Expenses$148,447
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$186,797
Other Salaries and Wages---$91,884
Other Employee Benefits---$57,752
Occupancy---$46,422
Fees for Services Legal---$39,381
Office Expenses---$17,837
Depreciation Depletion---$15,182
Other Expenses$12,922--$12,922
Payroll Taxes---$7,687
Insurance---$6,267
Fees for Services Other---$4,881
Conferences and Meetings---$4,735
Payments to Affiliates---$820
Total Functional Expenses$0$0$0$492,567
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
In-house lobbying only
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“The organization has members.”

Member election for additional members Part VI line 7A

“Members elect the board of trustees.the board of trustees is the governing body.”

Governing body decisions Part VI line 7B

“The governing body decisions are not subject to approval by the members.but the members can call a special membership meeting and override a board decision if the proper quorum is present.”

Form 990 governing body review Part VI line 11

“Before the 990 is filed the organizations accounting manager reviews the return and compares the information with the year-end financial statements prepared by the association and with the compiled financial statements prepared by the outside accounting firm.”

Conflict of interest policy compliance Part VI line 12C

“The associations constitution prohibits conflict of interest transactions and all such items must be presented to the board of trustees and the board has a history of not approving any such activity.”

CEO executive director top management comp Part VI line 15A

“The officers of the association are paid on the same scale as used by the akron public schools.”

Other officer or key employee compensation Part VI line 15B

“The compensation of the (2) staff employees of the association are determined by recommendation of the officers and approved by the board of trustees who are elected by the membership”

Governing documents etc available to public Part VI line 19

“All governing documents, financial statements, tax returns are made available to the membership during normal business hours upon request.”

Filing and Contact Details

Filer

Filer Name
Akron Education Association
EIN
34-1040557
Address
681 N MAIN STREET, AKRON, OH 44310

Signing Officer

Name
Patricia Sipe
Title
President
Phone
3304342181
Signed
2021-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia Shipe
Formed
1947
Legal Domicile
Oh
Voting Board Members
2,100
Independent Board Members
2,100
Employees
3

Preparer

Firm
Lux and Associates CPA Inc
Address
PO BOX 728, AKRON, OH 44309
Preparer
Dennis Lux
Phone
3306335259
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Unrealized gain on scholarship funds”

Raw XML Appendix341 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE BOARD OF TRUSTEES.THE BOARD OF TRUSTEES IS THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY DECISIONS ARE NOT SUBJECT TO APPROVAL BY THE MEMBERS.BUT THE MEMBERS CAN CALL A SPECIAL MEMBERSHIP MEETING AND OVERRIDE A BOARD DECISION IF THE PROPER QUORUM IS PRESENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BEFORE THE 990 IS FILED THE ORGANIZATIONS ACCOUNTING MANAGER REVIEWS THE RETURN AND COMPARES THE INFORMATION WITH THE YEAR-END FINANCIAL STATEMENTS PREPARED BY THE ASSOCIATION AND WITH THE COMPILED FINANCIAL STATEMENTS PREPARED BY THE OUTSIDE ACCOUNTING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ASSOCIATIONS CONSTITUTION PROHIBITS CONFLICT OF INTEREST TRANSACTIONS AND ALL SUCH ITEMS MUST BE PRESENTED TO THE BOARD OF TRUSTEES AND THE BOARD HAS A HISTORY OF NOT APPROVING ANY SUCH ACTIVITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE OFFICERS OF THE ASSOCIATION ARE PAID ON THE SAME SCALE AS USED BY THE AKRON PUBLIC SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE COMPENSATION OF THE (2) STAFF EMPLOYEES OF THE ASSOCIATION ARE DETERMINED BY RECOMMENDATION OF THE OFFICERS AND APPROVED BY THE BOARD OF TRUSTEES WHO ARE ELECTED BY THE MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, TAX RETURNS ARE MADE AVAILABLE TO THE MEMBERSHIP DURING NORMAL BUSINESS HOURS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8UNREALIZED GAIN ON SCHOLARSHIP FUNDS
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Explanation of other changes in net assets or fund balances Part XI line 9
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ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,265,043
Liabilities
$4,078
Net assets
$1,260,965
Revenue
$626,065
Expenses
$492,567
Net income
$133,498
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.20$0.03$1.17$0.62$0.68$0.06
2024Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$0.65$0.69$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.27$0.01$1.26$0.66$0.72$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.35$0.01$1.35$0.65$0.55$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.26$0.63$0.49$0.13
2020Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.59$0.52$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.05$0.46$0.51$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.48$0.47$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.14$0.01$1.13$0.46$0.48$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.16$0.01$1.15$0.51$0.48$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.13$0.01$1.13$0.47$0.47$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.00$1.12$0.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.01$1.11$0.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.00$1.14$0.51