Civic Intelligence

Middlebury Academy

990 • Fiscal year 2019 • EIN 34-1866953

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 15, 2020

Organization ProfileWWW.MIDDLEBURYACADEMY.ORG
88 Kent StreetAkron, OH 44305

(330) 535-7728

Siviq Scores

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

Liabilities / Assets

99th percentile

3.42x

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

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

Liabilities / Revenue

88th percentile

1.20x

Higher debt load relative to revenue than 88% of similar nonprofits.

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

Net Margin

59th percentile

6.6%

Higher net margin than 59% of similar nonprofits.

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

Top Officer Pay

36th percentile

$2,688

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

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

Asset Growth

44th percentile

1.1%

Faster asset growth than 44% of similar nonprofits.

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

Revenue Growth

27th percentile

-6.0%

Faster revenue growth than 27% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$931,367

Up $9,903 (+1.1%) from 2018

Net Assets

Up

-$2,252,062

Up $176,204 (+7.3%) from 2018

Liabilities

Down

$3,183,429

Down $166,301 (-5.0%) from 2018

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin59th percentile

Revenue

Down

$2,653,708

Down $170,813 (-6.0%) from 2018

Expenses

Up

$2,477,504

Up $243,357 (+11%) from 2018

Net Income

Down

$176,204

Down $414,170 (-70%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2014: $560,790Liabilities 2014: $245,341Net Assets 2014: $315,4492014Assets 2015: $945,884Liabilities 2015: $2,923,335Net Assets 2015: -$1,977,4512015Assets 2016: $1,280,931Liabilities 2016: $3,287,401Net Assets 2016: -$2,006,4702016Assets 2017: $1,266,186Liabilities 2017: $3,686,152Net Assets 2017: -$2,419,9662017Assets 2018: $921,464Liabilities 2018: $3,349,730Net Assets 2018: -$2,428,2662018Assets 2019: $931,367Liabilities 2019: $3,183,429Net Assets 2019: -$2,252,0622019Assets 2020: $1,143,721Liabilities 2020: $3,566,615Net Assets 2020: -$2,422,8942020Assets 2021: $1,113,022Liabilities 2021: $3,197,506Net Assets 2021: -$2,084,4842021Assets 2022: $1,264,238Liabilities 2022: $2,643,798Net Assets 2022: -$1,379,5602022Assets 2023: $1,384,711Liabilities 2023: $2,642,747Net Assets 2023: -$1,258,0362023Assets 2024: $2,313,113Liabilities 2024: $3,158,481Net Assets 2024: -$845,3682024Assets 2025: $2,013,261Liabilities 2025: $2,855,822Net Assets 2025: -$842,5612025

Highlighted filing

2019

Assets$931,367
Liabilities$3,183,429
Net Assets-$2,252,062
Open 2019 Filing

Operations Trend

Revenue Growth27th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $2,767,145Expenses 2014: $2,518,044Net Income 2014: $249,1012014Revenue 2015: $2,962,223Expenses 2015: $2,796,710Net Income 2015: $165,5132015Revenue 2016: $2,658,083Expenses 2016: $2,687,102Net Income 2016: -$29,0192016Revenue 2017: $2,060,534Expenses 2017: $2,427,408Net Income 2017: -$366,8742017Revenue 2018: $2,824,521Expenses 2018: $2,234,147Net Income 2018: $590,3742018Revenue 2019: $2,653,708Expenses 2019: $2,477,504Net Income 2019: $176,2042019Revenue 2020: $2,236,978Expenses 2020: $2,407,810Net Income 2020: -$170,8322020Revenue 2021: $1,932,455Expenses 2021: $1,594,045Net Income 2021: $338,4102021Revenue 2022: $2,461,114Expenses 2022: $1,756,190Net Income 2022: $704,9242022Revenue 2023: $2,692,844Expenses 2023: $2,571,320Net Income 2023: $121,5242023Revenue 2024: $3,512,563Expenses 2024: $3,099,895Net Income 2024: $412,6682024Revenue 2025: $3,572,809Expenses 2025: $3,570,002Net Income 2025: $2,8072025

Highlighted filing

2019

Revenue$2,653,708
Expenses$2,477,504
Net Income$176,204
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 15, 2020
Return Version
2018v3.0
Gross Receipts
$2,653,708
Mission and Program Overview

Mission

The Vision of Middlebury Academy is to foster a love of learning and develop a multicultural environment, through communication that focuses on problem solving, scientific and technological strategies, languages and entrepreneurship in our students.

Middlebury Academy is dedicated to improving the lives of its students by providing authentic learning experiences in a collaborative, nurturing environment that will build a foundation for students' success in school, at future work, and in life. To achieve the mission, our School will integrate current learning technologies into each classroom. We will offer authentic learning experiences that are representative of how children learn best, as well as offer a schedule and support activities that enable each student to reach to his or her potential. We want our students to leave with the skills and abilities necessary to achieve academic excellence, personal growth, and success as lifelong learners. This mission requires the support of the faculty, staff, families, and community in order to encourage and empower students to be responsible and valued citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$141,794$95,369▼ $46,425
Cash and Non-Interest-Bearing Accounts$95,983$72,534▼ $23,449
Pledges and Grants Receivable$20,453$66,172▲ $45,719
Prepaid Expenses and Deferred Charges$10,250$10,250→ $0
Total Assets$921,464$931,367▲ $9,903
Other Assets Total$652,984$687,042▲ $34,058
Liabilities
Other Liabilities$3,000,292$2,745,083▼ $255,209
Accounts Payable and Accrued Expenses$344,501$435,659▲ $91,158
Unsecured Notes Loans Payable$4,937$2,687▼ $2,250
Total Liabilities$3,349,730$3,183,429▼ $166,301
Net Assets / Fund Balance
Permanently Rstr Net Assets$134,973$90,431▼ $44,542
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-2,563,239$-2,342,493▲ $220,746
Total Net Assets Fund Balance$-2,428,266$-2,252,062▲ $176,204
Total Liabilities and Net Assets / Fund Balance$921,464$931,367▲ $9,903

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$92,983$190,268$0
Leasehold Improvements$2,386$144,903$0
Other Assets Org$88,178--
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleBaseTotal
Patricia BealsBoard Member$2,688$2,688
Angela RobinsonBoard Member$2,438$2,438
Janice BaumanBoard Member$2,188$2,188
Kathleen BrandBoard Member$2,063$2,063
Ronald McDanielBoard President$1,938$1,938
Jessica HricovecBoard Member$1,625$1,625
Calleiah Kennedy MossBoard Member$1,125$1,125

Highest Paid Contractors

ContractorServicesLocationCompensation
Oakmont EducationEducation Management481 N Cleveland Massillon Rd, Akron, OH 44333$1,448,247
PSI SolutionsEducation Services2112 Case Pkwy Ste 10, Twinsburg, OH 44087$188,954
Preferred MealsStudent Food Service5240 St Charles Road, Berkeley, IL 60163$148,913
Visitation of MaryRent55 Broad Street, Akron, OH 44305$130,000
Revenue and Support

Revenue Composition

Contributions and Grants
$2,653,708
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,653,708
Change in Net Assets
$176,204

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,653,708
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,653,708
Total Revenue per Form 990
$2,653,708
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,413,248
Salaries, Compensation, and Employee Benefits$1,064,256
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,071,851--$1,071,851
Fees for Services Management$384,338--$384,338
Fees for Services Other$213,507--$213,507
Occupancy$178,211--$178,211
Office Expenses$132,755--$132,755
Other Expenses$80,268$0$0$80,268
Fees for Services Legal$71,341--$71,341
Fees for Services Accounting$48,531--$48,531
Depreciation Depletion$46,425--$46,425
Insurance$12,991--$12,991
All Other Expenses$5,026--$5,026
Interest$1,658--$1,658
Other Employee Benefits$-7,595--$-7,595
Total Functional Expenses$2,477,504$0$0$2,477,504

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,477,504
Total Expenses per Audited Statements$2,477,504
Total Expenses per Form 990$2,477,504
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$1,477,925
Deferred Inflows of Resources - Pension$741,116
Net OPEB Liability$275,194
Deferred Inflows of Resources - OPEB$250,848
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The school contracted with a management company, Oakmont Education, to provide most of the staffing and other operational and management services for the school.”

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 then provided to the Board of Directors, the Management Firm and the School Sponsor for review.”

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

“The Board of Directors consistently review compliance with federal and state regulations. In addition, the school is monitored at least bi-monthly 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
Middlebury Academy
EIN
34-1866953
Phone
3305357728
Address
88 Kent Street, Akron, OH 44305

Signing Officer

Name
C David Massa
Title
Treasurer
Phone
3305150572
Signed
2020-04-15

Organization Details

Principal Officer
Ron McDaniel
Formed
1998
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0
Raw XML AppendixShowing 400 of 490 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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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0178211
IRS990/OccupancyGrp/TotalAmt0178211
IRS990/OfficeExpensesGrp/ProgramServicesAmt0132755
IRS990/OfficeExpensesGrp/TotalAmt0132755
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0652984
IRS990/OtherAssetsTotalGrp/EOYAmt0687042
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0-7595
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0-7595
IRS990/OtherExpensesGrp/Desc0Sponsor Fees
IRS990/OtherExpensesGrp/Desc1Student Support Services
IRS990/OtherExpensesGrp/Desc2Instructional Materials and Supplies
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt062742
IRS990/OtherExpensesGrp/ProgramServicesAmt1175455
IRS990/OtherExpensesGrp/ProgramServicesAmt280268
IRS990/OtherExpensesGrp/TotalAmt062742
IRS990/OtherExpensesGrp/TotalAmt1175455
IRS990/OtherExpensesGrp/TotalAmt280268
IRS990/OtherLiabilitiesGrp/BOYAmt03000292
IRS990/OtherLiabilitiesGrp/EOYAmt02745083
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01071851
IRS990/OtherSalariesAndWagesGrp/TotalAmt01071851
IRS990/PartialLiquidationInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0134973
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt090431
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt020453
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt066172
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010250
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010250
IRS990/PrincipalOfficerNm0Ron McDaniel
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01996302
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0418678
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0590374
IRS990/PYSalariesCompEmpBnftPaidAmt0987250
IRS990/PYTotalExpensesAmt01405928
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01996302
IRS990/ReconcilationRevenueExpnssAmt0176204
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02653708
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt092983
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0190268
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0283251
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02477504
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02386
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0144903
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0147289
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt067286
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1531578
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt288178
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Net OPEB Asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources - Pension
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Deferred Outflows of Resources - OPEB
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01477925
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1275194
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2741116
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3250848
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/RevenueSubtotalAmt02653708
IRS990ScheduleD/TotalBookValueLandBuildingsAmt095369
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0687042
IRS990ScheduleD/TotalExpensesPerForm990Amt02477504
IRS990ScheduleD/TotalLiabilityAmt02745083
IRS990ScheduleD/TotalRevenuePerForm990Amt02653708
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02653708
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02477504
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/ExplanationTxt0The organization maintains a website wherein the policy is explained, as well as, on its enrollment materials.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The organization is a community school and as such, reviews funding from the State of Ohio through 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 school contracted with a management company, Oakmont Education, to provide most of the staffing and other operational and management services for the school.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared and reviewed by the Fiscal Officer. After the review of the Form 990, it is then provided to the Board of Directors, the Management Firm and the School Sponsor for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors consistently review compliance with federal and state regulations. In addition, the school is monitored at least bi-monthly to ensure compliance with laws and regulations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 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 A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Colonial Preparatory Academy
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0341866952
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Charter School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Yes
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02199 5th Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Akron
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd044314
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$931,367
Liabilities
$3,183,429
Net assets
-$2,252,062
Revenue
$2,653,708
Expenses
$2,477,504
Net income
$176,204
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.01$2.86$0.84$3.57$3.57$0.00
2024Detailed filing. Detailed filing data is available for this year.$2.31$3.16$0.85$3.51$3.10$0.41
2023Detailed filing. Detailed filing data is available for this year.$1.38$2.64$1.26$2.69$2.57$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.26$2.64$1.38$2.46$1.76$0.70
2021Detailed filing. Detailed filing data is available for this year.$1.11$3.20$2.08$1.93$1.59$0.34
2020Detailed filing. Detailed filing data is available for this year.$1.14$3.57$2.42$2.24$2.41$0.17
2019Detailed filing. Detailed filing data is available for this year.$0.93$3.18$2.25$2.65$2.48$0.18
2018Detailed filing. Detailed filing data is available for this year.$0.92$3.35$2.43$2.82$2.23$0.59
2017Detailed filing. Detailed filing data is available for this year.$1.27$3.69$2.42$2.06$2.43$0.37
2016Detailed filing. Detailed filing data is available for this year.$1.28$3.29$2.01$2.66$2.69$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.95$2.92$1.98$2.96$2.80$0.17
2014Detailed filing. Detailed filing data is available for this year.$0.56$0.25$0.32$2.77$2.52$0.25