Civic Intelligence

Lincoln Preparatory Academy

990 • Fiscal year 2015 • EIN 34-1899506

Jul 01, 2014 to Jun 30, 2015 • Filed on May 12, 2016

Organization ProfileWWW.LINCOLNPREPSCHOOL.ORG
2421 W 11th StCleveland, OH 44113

(216) 772-1336

Siviq Scores

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

Liabilities / Assets

98th percentile

2.14x

Higher debt load relative to assets than 98% of similar nonprofits.

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

Liabilities / Revenue

83rd percentile

0.84x

Higher debt load relative to revenue than 83% of similar nonprofits.

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

Net Margin

78th percentile

18%

Higher net margin than 78% 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 0.2% of source-year revenue.

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

Asset Growth

97th percentile

158%

Faster asset growth than 97% of similar nonprofits.

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

Revenue Growth

66th percentile

11%

Faster revenue growth than 66% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$857,285

Up $524,517 (+158%) from 2014

Net Assets

Down

-$977,503

Down $1,095,697 (-927%) from 2014

Liabilities

Up

$1,834,788

Up $1,620,214 (+755%) from 2014

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin78th percentile

Revenue

Up

$2,186,109

Up $219,493 (+11%) from 2014

Expenses

Down

$1,787,484

Down $2,599 (-0.1%) from 2014

Net Income

Up

$398,625

Up $222,092 (+126%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2014: $332,768Liabilities 2014: $214,574Net Assets 2014: $118,1942014Assets 2015: $857,285Liabilities 2015: $1,834,788Net Assets 2015: -$977,5032015Assets 2016: $1,103,570Liabilities 2016: $2,024,162Net Assets 2016: -$920,5922016Assets 2017: $1,774,521Liabilities 2017: $2,927,630Net Assets 2017: -$1,153,1092017

Highlighted filing

2015

Assets$857,285
Liabilities$1,834,788
Net Assets-$977,503
Open 2015 Filing

Operations Trend

Revenue Growth66th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $1,966,616Expenses 2014: $1,790,083Net Income 2014: $176,5332014Revenue 2015: $2,186,109Expenses 2015: $1,787,484Net Income 2015: $398,6252015Revenue 2016: $2,238,756Expenses 2016: $2,181,844Net Income 2016: $56,9122016Revenue 2017: $2,263,510Expenses 2017: $2,477,373Net Income 2017: -$213,8632017

Highlighted filing

2015

Revenue$2,186,109
Expenses$1,787,484
Net Income$398,625
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 12, 2016
Return Version
2014v6.0
Gross Receipts
$2,186,109
Mission and Program Overview

Mission

Lincoln preparatory school, serving grades k-8, 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
Cash and Non-Interest-Bearing Accounts$169,694$451,847▲ $282,153
Prepaid Expenses and Deferred Charges$64,692$204,719▲ $140,027
Land, Buildings, and Equipment, Net$70,289$129,553▲ $59,264
Accounts Receivable$84,307$71,166▼ $13,141
Total Assets$388,982$857,285▲ $468,303
Liabilities
Other Liabilities$1,551,515$1,306,169▼ $245,346
Accounts Payable and Accrued Expenses$213,595$501,900▲ $288,305
Unsecured Notes Loans Payable-$26,719-
Total Liabilities$1,765,110$1,834,788▲ $69,678
Net Assets / Fund Balance
Unrestricted Net Assets$-1,376,128$-977,503▲ $398,625
Total Net Assets Fund Balance$-1,376,128$-977,503▲ $398,625
Total Liabilities and Net Assets / Fund Balance$388,982$857,285▲ $468,303

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,458$21,515-
Leasehold Improvements$125,095$107,473-
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleBaseTotal
Brian G AdamsTreasurer$3,600$3,600
Ken BarisMember$3,100$3,100
Harvey JordanMember$2,975$2,975
Melissa HallMember$2,675$2,675
Valencia LescookMember$2,550$2,550
Deidre CummingsMember$2,250$2,250
William Dean-elMember$1,825$1,825
Ashleigh KingMember$1,700$1,700
David MarrowMember$1,275$1,275
Christel TurnerMember$550$550

Highest Paid Contractors

ContractorServicesLocationCompensation
Midwest Education Partners LLCEducation Management1515 JUNE AVE, Panama City, FL 32405$316,823
Revenue and Support

Revenue Composition

Contributions and Grants
$2,184,652
Program Service Revenue
$0
Investment Income
$221
Other Revenue
$1,236
Change in Net Assets
$398,625

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,186,109
Total Revenue per Audited Statements
$2,186,109
Total Revenue per Form 990
$2,186,109
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,787,484
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$740,230$316,823-$1,057,053
Fees for Services Other$520,307--$520,307
Fees for Services Accounting-$42,087-$42,087
Depreciation Depletion-$27,299-$27,299
Fees for Services Legal-$21,315-$21,315
Other Expenses$52,966$12,580-$12,580
Interest-$1,738-$1,738
Total Functional Expenses$1,313,503$473,981$0$1,787,484

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,787,484
Total Expenses per Audited Statements$1,787,484
Total Expenses per Form 990$1,787,484
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$1,306,169
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

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.”

Filing and Contact Details

Filer

Filer Name
Lincoln Preparatory Academy
EIN
34-1899506
Phone
2167721336
Address
2421 W 11TH ST, CLEVELAND, OH 44113

Signing Officer

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

Organization Details

Principal Officer
William Dean-el
Formed
1998
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
0
Supplemental Narrative

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 Appendix367 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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IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt04458
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021515
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt025973
IRS990ScheduleD/ExpensesSubtotalAmt01787484
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0125095
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0107473
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0232568
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01306169
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt02186109
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/TotalBookValueLandBuildingsAmt0129553
IRS990ScheduleD/TotalExpensesPerForm990Amt01787484
IRS990ScheduleD/TotalLiabilityAmt01306169
IRS990ScheduleD/TotalRevenuePerForm990Amt02186109
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02186109
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01787484
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
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/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
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0388982
IRS990/TotalAssetsEOYAmt0857285
IRS990/TotalAssetsGrp/BOYAmt0388982
IRS990/TotalAssetsGrp/EOYAmt0857285
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02184652
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0473981
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01313503
IRS990/TotalFunctionalExpensesGrp/TotalAmt01787484
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01765110
IRS990/TotalLiabilitiesEOYAmt01834788
IRS990/TotalLiabilitiesGrp/BOYAmt01765110
IRS990/TotalLiabilitiesGrp/EOYAmt01834788
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1376128
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-977503
IRS990/TotalProgramServiceExpensesAmt01787484
IRS990/TotalReportableCompFromOrgAmt022500
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01457
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02186109
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0388982
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0857285
IRS990/TransactionWithControlEntInd00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1376128
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-977503
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt026719
IRS990/USAddress/AddressLine1Txt02421 W 11TH ST
IRS990/USAddress/CityNm0CLEVELAND
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044113
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd00
IRS990/WrittenPolicyOrProcedureInd00
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN G ADAMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06147667009
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LINCOLN PREPARATORY ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0LINC
ReturnHeader/Filer/EIN0341899506
ReturnHeader/Filer/PhoneNum02167721336
ReturnHeader/Filer/USAddress/AddressLine1Txt02421 W 11TH ST
ReturnHeader/Filer/USAddress/CityNm0CLEVELAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044113
ReturnHeader/ReturnTs02016-05-16T10:47:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

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
$857,285
Liabilities
$1,834,788
Net assets
-$977,503
Revenue
$2,186,109
Expenses
$1,787,484
Net income
$398,625
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$2.93$1.15$2.26$2.48$0.21
2016Detailed filing. Detailed filing data is available for this year.$1.10$2.02$0.92$2.24$2.18$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.86$1.83$0.98$2.19$1.79$0.40
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.21$0.12$1.97$1.79$0.18