Civic Intelligence

Invictus High School

990 • Fiscal year 2015 • EIN 34-1899643

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

3122 Euclid AvenueCleveland, OH 44115

(216) 539-7200

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.17x

Higher debt load relative to assets than 93% of similar nonprofits.

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

Liabilities / Revenue

76th percentile

0.47x

Higher debt load relative to revenue than 76% of similar nonprofits.

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

Net Margin

82nd percentile

24%

Higher net margin than 82% 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

97th percentile

164%

Faster asset growth than 97% of similar nonprofits.

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

Revenue Growth

93rd percentile

86%

Faster revenue growth than 93% of similar nonprofits.

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

Assets

Up

$1,301,616

Up $809,456 (+164%) from 2014

Net Assets

Down

-$218,583

Down $371,597 (-243%) from 2014

Liabilities

Up

$1,520,199

Up $1,181,053 (+348%) from 2014

Revenue

Up

$3,240,995

Up $1,502,255 (+86%) from 2014

Expenses

Up

$2,469,523

Up $942,246 (+62%) from 2014

Net Income

Up

$771,472

Up $560,009 (+265%) from 2014

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2014: $492,160Liabilities 2014: $339,146Net Assets 2014: $153,0142014Assets 2015: $1,301,616Liabilities 2015: $1,520,199Net Assets 2015: -$218,5832015Assets 2016: $2,684,971Liabilities 2016: $2,836,325Net Assets 2016: -$151,3542016Assets 2017: $3,463,164Liabilities 2017: $4,116,576Net Assets 2017: -$653,4122017Assets 2021: $4,439,197Liabilities 2021: $5,010,144Net Assets 2021: -$570,9472021Assets 2022: $5,923,923Liabilities 2022: $5,781,154Net Assets 2022: $142,7692022Assets 2023: $6,162,774Liabilities 2023: $5,585,129Net Assets 2023: $577,6452023Assets 2024: $6,547,408Liabilities 2024: $5,161,088Net Assets 2024: $1,386,3202024

Highlighted filing

2015

Assets$1,301,616
Liabilities$1,520,199
Net Assets-$218,583

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $1,738,740Expenses 2014: $1,527,277Net Income 2014: $211,4632014Revenue 2015: $3,240,995Expenses 2015: $2,469,523Net Income 2015: $771,4722015Revenue 2016: $3,556,237Expenses 2016: $3,489,007Net Income 2016: $67,2302016Revenue 2017: $3,752,826Expenses 2017: $4,152,821Net Income 2017: -$399,9952017Revenue 2021: $4,690,068Expenses 2021: $4,505,314Net Income 2021: $184,7542021Revenue 2022: $5,235,095Expenses 2022: $4,521,379Net Income 2022: $713,7162022Revenue 2023: $5,718,922Expenses 2023: $5,284,048Net Income 2023: $434,8742023Revenue 2024: $6,613,802Expenses 2024: $5,805,125Net Income 2024: $808,6772024

Highlighted filing

2015

Revenue$3,240,995
Expenses$2,469,523
Net Income$771,472
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 13, 2016
Return Version
2014v6.0
Gross Receipts
$3,240,995
Mission and Program Overview

Mission

At Invictus, our mission is to educate, support, and empower our students. We do this by offering individual academic plans and support for every student as well as providing resources that give them the power to overcome external barriers to graduation. Our academies model was designed to equip students with hands-on training and certifications to help them advance to graduation and post-secondary success on their personal journey.

A student-centered organization delivering excellence in education. Our team is committed to our students, our comunities, and each other. We believe that our choesion and moral help us to achieve excellence in our school. Our commitment to our students and our dedicatjion to impacting their education through innovative methods makes us unique.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$213,033$734,281▲ $521,248
Accounts Receivable$1,821$232,242▲ $230,421
Land, Buildings, and Equipment, Net$200,423$209,902▲ $9,479
Prepaid Expenses and Deferred Charges$78,130$125,191▲ $47,061
Pledges and Grants Receivable$44,915--
Total Assets$538,322$1,301,616▲ $763,294
Liabilities
Other Liabilities$1,197,950$1,007,775▼ $190,175
Accounts Payable and Accrued Expenses$327,032$440,243▲ $113,211
Mortgage Notes Payable Secured by Investment Property$3,395$72,181▲ $68,786
Total Liabilities$1,528,377$1,520,199▼ $8,178
Net Assets / Fund Balance
Permanently Rstr Net Assets$200,423$137,723▼ $62,700
Unrestricted Net Assets$-1,190,478$-356,306▲ $834,172
Total Net Assets Fund Balance$-990,055$-218,583▲ $771,472
Total Liabilities and Net Assets / Fund Balance$538,322$1,301,616▲ $763,294

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$183$11,962-
Leasehold Improvements$209,719$220,744-
Compensation and Service Providers

Employees

NameTitleBaseTotal
Brian G AdamsTreasurer$3,600$3,600
Antione WilliamsMember$2,550$2,550
Ashleigh KingMember$2,550$2,550
Brenda DixonMember$2,550$2,550
Curtis OrrMember$2,550$2,550
Deidre CummingsMember$2,550$2,550
Maureen ZieglerMember$2,550$2,550
Valencia LescookMember$2,550$2,550
Owen SpiateMember$2,305$2,305

Highest Paid Contractors

ContractorServicesLocationCompensation
Midwest Education PartnersEducation Management1515 JUNE AVE, Panama City, FL 32405$466,524
Revenue and Support

Revenue Composition

Contributions and Grants
$3,240,995
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,240
Change in Net Assets
$771,472

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,240,995
Total Revenue per Audited Statements
$3,240,995
Total Revenue per Form 990
$3,240,995
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,620,049
Salaries, Compensation, and Employee Benefits$849,474
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$849,474--$849,474
Fees for Services Management-$466,524-$466,524
Office Expenses-$423,468-$423,468
Fees for Services Other$195,349--$195,349
Depreciation Depletion$149,025--$149,025
Other Expenses$102,357$80,533-$102,357
Fees for Services Accounting-$40,461-$40,461
Fees for Services Legal-$27,766-$27,766
Interest-$668-$668
Total Functional Expenses$1,430,103$1,039,420$0$2,469,523

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,469,523
Total Expenses per Audited Statements$2,469,523
Total Expenses per Form 990$2,469,523
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 Liability$1,007,775
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.

Filing and Contact Details

Filer

Filer Name
Invictus High School
EIN
34-1899643
Phone
2165397200
Address
3122 EUCLID AVENUE, CLEVELAND, OH 44115

Signing Officer

Name
Brian G Adams
Title
Treasurer
Phone
6147667009
Signed
2016-05-13

Organization Details

Principal Officer
Curtis Orr
Voting Board Members
8
Independent Board Members
8
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 Appendix365 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/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt03240995
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/TotalBookValueLandBuildingsAmt0209902
IRS990ScheduleD/TotalExpensesPerForm990Amt02469523
IRS990ScheduleD/TotalLiabilityAmt01007775
IRS990ScheduleD/TotalRevenuePerForm990Amt03240995
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03240995
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02469523
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/MaintainScholarshipsRecsInd00
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/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0538322
IRS990/TotalAssetsEOYAmt01301616
IRS990/TotalAssetsGrp/BOYAmt0538322
IRS990/TotalAssetsGrp/EOYAmt01301616
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03240995
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01039420
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01430103
IRS990/TotalFunctionalExpensesGrp/TotalAmt02469523
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01528377
IRS990/TotalLiabilitiesEOYAmt01520199
IRS990/TotalLiabilitiesGrp/BOYAmt01528377
IRS990/TotalLiabilitiesGrp/EOYAmt01520199
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-990055
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-218583
IRS990/TotalProgramServiceExpensesAmt02468855
IRS990/TotalReportableCompFromOrgAmt023755
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03240995
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0538322
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01301616
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1190478
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-356306
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04600 CARNEGIE AVE
IRS990/USAddress/CityNm0CLEVELAND
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044103
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN G ADAMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06147667009
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INVICTUS HIGH SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0INVI
ReturnHeader/Filer/EIN0341899643
ReturnHeader/Filer/PhoneNum02165397200
ReturnHeader/Filer/USAddress/AddressLine1Txt03122 EUCLID AVENUE
ReturnHeader/Filer/USAddress/CityNm0CLEVELAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044115
ReturnHeader/ReturnTs02016-05-16T10:47:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

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