Civic Intelligence

Middlebury Academy

990 • Fiscal year 2015 • EIN 34-1866953

Jul 31, 2014 to Jun 30, 2015 • Filed on May 12, 2016

Organization ProfileWWW.MIDDLEBURYACADEMY.ORG
88 Kent StAkron, 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

3.09x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

84th percentile

0.99x

Higher debt load relative to revenue than 84% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

58th percentile

5.6%

Higher net margin than 58% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$3,600

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

93rd percentile

69%

Faster asset growth than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

59th percentile

7.0%

Faster revenue growth than 59% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$945,884

Up $385,094 (+69%) from 2014

Net Assets

Down

-$1,977,451

Down $2,292,900 (-727%) from 2014

Liabilities

Up

$2,923,335

Up $2,677,994 (+1092%) from 2014

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin58th percentile

Revenue

Up

$2,962,223

Up $195,078 (+7.0%) from 2014

Expenses

Up

$2,796,710

Up $278,666 (+11%) from 2014

Net Income

Down

$165,513

Down $83,588 (-34%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth93rd 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

2015

Assets$945,884
Liabilities$2,923,335
Net Assets-$1,977,451
Open 2015 Filing

Operations Trend

Revenue Growth59th 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

2015

Revenue$2,962,223
Expenses$2,796,710
Net Income$165,513
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 31, 2014 to Jun 30, 2015
Signed
May 12, 2016
Return Version
2014v6.0
Gross Receipts
$2,962,223
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.

Providing the schools students with an individualized and self paced program set in a flexible schedule environment that is responsive to its students[:quote:] needs, and by providing an education experience that leads to a high school diploma and post-secondary success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$198,311$273,881▲ $75,570
Prepaid Expenses and Deferred Charges$182,016$222,072▲ $40,056
Land, Buildings, and Equipment, Net$158,910$162,838▲ $3,928
Accounts Receivable$150,000$157,020▲ $7,020
Pledges and Grants Receivable$27,800$130,073▲ $102,273
Total Assets$717,037$945,884▲ $228,847
Liabilities
Other Liabilities$2,603,468$2,192,912▼ $410,556
Accounts Payable and Accrued Expenses$242,176$680,249▲ $438,073
Unsecured Notes Loans Payable$14,357$50,174▲ $35,817
Total Liabilities$2,860,001$2,923,335▲ $63,334
Net Assets / Fund Balance
Permanently Rstr Net Assets$144,553$112,664▼ $31,889
Unrestricted Net Assets$-2,287,517$-2,090,115▲ $197,402
Total Net Assets Fund Balance$-2,142,964$-1,977,451▲ $165,513
Total Liabilities and Net Assets / Fund Balance$717,037$945,884▲ $228,847

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$57,634$98,241-
Leasehold Improvements$105,204$42,085-
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleBaseTotal
Brian G AdamsTreasurer$3,600$3,600
Janice BaumannMember$2,600$2,600
Calleiah KennedyMember$2,425$2,425
Ron McdanielMember$2,425$2,425
Marsha WiseMember$2,050$2,050
Pat BealsMember$1,850$1,850
Paula SeibelMember$1,675$1,675
Angela RobinsonMember$750$750
Jessica HricovecMember$375$375
Patricia DefrancoMember$175$175

Highest Paid Contractors

ContractorServicesLocationCompensation
Midwest Education PatnersEducation Management116 WEST PENNSYLVANIA AVE, Bonifay, FL 32425$1,520,601
Revenue and Support

Revenue Composition

Contributions and Grants
$2,950,090
Program Service Revenue
$0
Investment Income
$7,142
Other Revenue
$4,991
Change in Net Assets
$165,513

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,962,223
Total Revenue per Audited Statements
$2,962,223
Total Revenue per Form 990
$2,962,223
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,423,740
Salaries, Compensation, and Employee Benefits$1,372,970
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,372,970--$1,372,970
Office Expenses-$457,868-$457,868
Fees for Services Management-$409,684-$409,684
Fees for Services Other-$247,661-$247,661
Depreciation Depletion-$49,131-$49,131
Fees for Services Accounting-$42,062-$42,062
Fees for Services Legal-$20,662-$20,662
Other Expenses$109,825$11,590-$11,590
Interest-$5,746-$5,746
Total Functional Expenses$1,482,795$1,313,915$0$2,796,710

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,796,710
Total Expenses per Audited Statements$2,796,710
Total Expenses per Form 990$2,796,710
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Libility$2,192,912
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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

Part VI, Section A, line 3

“The school contracts with cambridge education group to run the day to day operations of the school.”

Part VI, Section A, line 7A

“The board elects or removes members as needed with approval from sponsor.”

Part VI, Section B, line 11

“The board reviews and approves the 990 prior to filing.”

Part VI, Section B, line 12C

“At the annual meeting of the school, each board member is required to fill out the disclosure policy form and submit for review.”

Part VI, Section C, line 19

“The organiztions day to day operating records are maintained by the emo on site at the school. All legal documents (policies, bylaws, and other governance documents) are maintained by the schools legal counsel. All financial documents are maintined by the fiscal officer.”

Part VII, line 1A(B)

“Paid bills, depositied funds, and prepared financial reports”

Filing and Contact Details

Filer

Filer Name
Middlebury Preparatory Academy
EIN
34-1866953
Phone
3305357728
Address
88 KENT ST, AKRON, OH 44305

Signing Officer

Name
Brian G Adams
Title
Treasurer
Phone
6147667009
Signed
2016-05-12

Organization Details

Principal Officer
Ron Mcdaniel
Formed
1998
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
0
Supplemental Narrative

Additional Explanations

Part XII, line 3B

“The a133 audit was performed by rea and associates on behalf of the auditor of the state of ohio. No isues were found”

Financial Statement Notes

Part X line 2

“The school implemented gasb 68 in fiscal year 2015. This caused a restatement of fiscal year 2014 balance sheet. The changes are in effect on part x.”

Raw XML AppendixShowing 400 of 422 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0242176
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0680249
IRS990/AccountsReceivableGrp/BOYAmt0150000
IRS990/AccountsReceivableGrp/EOYAmt0157020
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDING THE SCHOOLS STUDENTS WITH AN INDIVIDUALIZED AND SELF PACED PROGRAM SET IN A FLEXIBLE SCHEDULE ENVIRONMENT THAT IS RESPONSIVE TO ITS STUDENTS[:QUOTE:] NEEDS, AND BY PROVIDING AN EDUCATION EXPERIENCE THAT LEADS TO A HIGH SCHOOL DIPLOMA AND POST-SECONDARY SUCCESS.
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0OHIO COMMUNITY SCHOOL CONSULTANTS
IRS990/BooksInCareOfDetail/PhoneNum06147667009
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt065 E WILSON BRIDGE RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0COLUMBUS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd043085
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0198311
IRS990/CashNonInterestBearingGrp/EOYAmt0273881
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt01520601
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0116 WEST PENNSYLVANIA AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0BONIFAY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0FL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd032425
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0MIDWEST EDUCATION PATNERS
IRS990/ContractorCompensationGrp/ServicesDesc0EDUCATION MANAGEMENT
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02950090
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt07142
IRS990/CYOtherExpensesAmt01423740
IRS990/CYOtherRevenueAmt04991
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0165513
IRS990/CYSalariesCompEmpBnftPaidAmt01372970
IRS990/CYTotalExpensesAmt02796710
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02962223
IRS990/DAFExcessBusinessHoldingsInd00
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt049131
IRS990/DepreciationDepletionGrp/TotalAmt049131
IRS990/Desc0THE SCHOOL PROVIDED EDUCATION TO 302 STUDENTS
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DistributionToDonorInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02796710
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt042062
IRS990/FeesForServicesAccountingGrp/TotalAmt042062
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt020662
IRS990/FeesForServicesLegalGrp/TotalAmt020662
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0409684
IRS990/FeesForServicesManagementGrp/TotalAmt0409684
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0247661
IRS990/FeesForServicesOtherGrp/TotalAmt0247661
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0003.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1003.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2003.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3003.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4003.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5003.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6003.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt7003.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt8003.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt9003.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0CALLEIAH KENNEDY
IRS990/Form990PartVIISectionAGrp/PersonNm1PATRICIA DEFRANCO
IRS990/Form990PartVIISectionAGrp/PersonNm2RON MCDANIEL
IRS990/Form990PartVIISectionAGrp/PersonNm3JANICE BAUMANN
IRS990/Form990PartVIISectionAGrp/PersonNm4MARSHA WISE
IRS990/Form990PartVIISectionAGrp/PersonNm5PAT BEALS
IRS990/Form990PartVIISectionAGrp/PersonNm6PAULA SEIBEL
IRS990/Form990PartVIISectionAGrp/PersonNm7ANGELA ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm8JESSICA HRICOVEC
IRS990/Form990PartVIISectionAGrp/PersonNm9BRIAN G ADAMS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt02425
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1175
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22425
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt32600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt42050
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt51850
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt61675
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8375
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt93600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt02950090
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02962223
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt05746
IRS990/InterestGrp/TotalAmt05746
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt07142
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07142
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt07142
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0140326
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0158910
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0162838
IRS990/LandBldgEquipCostOrOtherBssAmt0303164
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDING THE SCHOOLS STUDENTS WITH AN INDIVIDUALIZED AND SELF PACED PROGRAM SET IN A FLEXIBLE SCHEDULE ENVIRONMENT THAT IS RESPONSIVE TO ITS STUDENTS[:QUOTE:] NEEDS, AND BY PROVIDING AN EDUCATION EXPERIENCE THAT LEADS TO A HIGH SCHOOL DIPLOMA AND POST-SECONDARY SUCCESS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-2142964
IRS990/NetAssetsOrFundBalancesEOYAmt0-1977451
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0457868
IRS990/OfficeExpensesGrp/TotalAmt0457868
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0SUPPLIES AND MATERIALS
IRS990/OtherExpensesGrp/Desc1SPONSOR FEES
IRS990/OtherExpensesGrp/Desc2SUPPLEMENTAL EDUCATION SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt069511
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt111590
IRS990/OtherExpensesGrp/ProgramServicesAmt0109825
IRS990/OtherExpensesGrp/TotalAmt0109825
IRS990/OtherExpensesGrp/TotalAmt169511
IRS990/OtherExpensesGrp/TotalAmt211590
IRS990/OtherLiabilitiesGrp/BOYAmt02603468
IRS990/OtherLiabilitiesGrp/EOYAmt02192912
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0REFUNDS FROM PRIOR YEAR
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04991
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04991
IRS990/OtherRevenueTotalAmt04991
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01372970
IRS990/OtherSalariesAndWagesGrp/TotalAmt01372970
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0144553
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0112664
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt027800
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0130073
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0182016
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0222072
IRS990/PrincipalOfficerNm0RON MCDANIEL
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYContributionsGrantsAmt02766894
IRS990/PYExcessBenefitTransInd00
IRS990/PYInvestmentIncomeAmt0251
IRS990/PYOtherExpensesAmt02518044
IRS990/PYRevenuesLessExpensesAmt0249101
IRS990/PYTotalExpensesAmt02518044
IRS990/PYTotalRevenueAmt02767145
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0165513
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02962223
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt00
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt00
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt00
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt057634
IRS990ScheduleD/EquipmentGrp/DepreciationAmt098241
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0155875
IRS990ScheduleD/ExpensesSubtotalAmt02796710
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0105204
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt042085
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0147289
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02192912
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIBILITY
IRS990ScheduleD/RevenueSubtotalAmt02962223
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IMPLEMENTED GASB 68 IN FISCAL YEAR 2015. THIS CAUSED A RESTATEMENT OF FISCAL YEAR 2014 BALANCE SHEET. THE CHANGES ARE IN EFFECT ON PART X.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0162838
IRS990ScheduleD/TotalExpensesPerForm990Amt02796710
IRS990ScheduleD/TotalLiabilityAmt02192912
IRS990ScheduleD/TotalRevenuePerForm990Amt02962223
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02962223
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02796710
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
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL CONTRACTS WITH CAMBRIDGE EDUCATION GROUP TO RUN THE DAY TO DAY OPERATIONS OF THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD ELECTS OR REMOVES MEMBERS AS NEEDED WITH APPROVAL FROM SPONSOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS AND APPROVES THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AT THE ANNUAL MEETING OF THE SCHOOL, EACH BOARD MEMBER IS REQUIRED TO FILL OUT THE DISCLOSURE POLICY FORM AND SUBMIT FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZTIONS DAY TO DAY OPERATING RECORDS ARE MAINTAINED BY THE EMO ON SITE AT THE SCHOOL. ALL LEGAL DOCUMENTS (POLICIES, BYLAWS, AND OTHER GOVERNANCE DOCUMENTS) ARE MAINTAINED BY THE SCHOOLS LEGAL COUNSEL. ALL FINANCIAL DOCUMENTS ARE MAINTINED BY THE FISCAL OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PAID BILLS, DEPOSITIED FUNDS, AND PREPARED FINANCIAL REPORTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE A133 AUDIT WAS PERFORMED BY REA AND ASSOCIATES ON BEHALF OF THE AUDITOR OF THE STATE OF OHIO. NO ISUES WERE FOUND
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI, Section B, line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VII, line 1A(B)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part XII, line 3B
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NO
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/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0150000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH TRANSFER TO COLONIAL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0COLONIAL PREPARATORY ACADEMY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0A
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0717037
IRS990/TotalAssetsEOYAmt0945884
IRS990/TotalAssetsGrp/BOYAmt0717037
IRS990/TotalAssetsGrp/EOYAmt0945884
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02950090
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01313915
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01482795
IRS990/TotalFunctionalExpensesGrp/TotalAmt02796710
IRS990/TotalGrossUBIAmt07142
IRS990/TotalLiabilitiesBOYAmt02860001
IRS990/TotalLiabilitiesEOYAmt02923335
IRS990/TotalLiabilitiesGrp/BOYAmt02860001
IRS990/TotalLiabilitiesGrp/EOYAmt02923335
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2142964
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1977451
IRS990/TotalProgramServiceExpensesAmt02796710
IRS990/TotalReportableCompFromOrgAmt017925
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012133
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02962223
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt07142
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0717037
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0945884
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-2287517
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2090115
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt014357
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt050174
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt088 KENT ST
IRS990/USAddress/CityNm0AKRON
IRS990/USAddress/StateAbbreviationCd0OH

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$945,884
Liabilities
$2,923,335
Net assets
-$1,977,451
Revenue
$2,962,223
Expenses
$2,796,710
Net income
$165,513
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