Civic Intelligence

Innovation Academy West

990 • Fiscal year 2016 • EIN 36-4461370

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

13111 Crossburn AveCleveland, OH 44135

(216) 772-1340

Siviq Scores

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

Liabilities / Assets

97th percentile

1.69x

Higher debt load relative to assets than 97% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

87th percentile

1.26x

Higher debt load relative to revenue than 87% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

62nd percentile

6.4%

Higher net margin than 62% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

97th percentile

136%

Faster asset growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

60th percentile

7.0%

Faster revenue growth than 60% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,980,466

Up $1,384,722 (+232%) from 2014

Net Assets

Down

-$1,368,784

Down $1,639,666 (-605%) from 2014

Liabilities

Up

$3,349,250

Up $3,024,388 (+931%) from 2014

Revenue

Up

$2,660,388

Up $344,915 (+15%) from 2014

Expenses

Up

$2,488,955

Up $101,452 (+4.2%) from 2014

Net Income

Up

$171,433

Up $243,463 (+338%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2014: $595,744Liabilities 2014: $324,862Net Assets 2014: $270,8822014Assets 2016: $1,980,466Liabilities 2016: $3,349,250Net Assets 2016: -$1,368,7842016Assets 2017: $2,329,399Liabilities 2017: $3,816,159Net Assets 2017: -$1,486,7602017Assets 2018: $1,794,541Liabilities 2018: $3,181,894Net Assets 2018: -$1,387,3532018Assets 2021: $905,944Liabilities 2021: $2,323,287Net Assets 2021: -$1,417,3432021Assets 2022: $1,483,490Liabilities 2022: $2,320,333Net Assets 2022: -$836,8432022

Highlighted filing

2016

Assets$1,980,466
Liabilities$3,349,250
Net Assets-$1,368,784

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $2,315,473Expenses 2014: $2,387,503Net Income 2014: -$72,0302014Revenue 2016: $2,660,388Expenses 2016: $2,488,955Net Income 2016: $171,4332016Revenue 2017: $2,616,041Expenses 2017: $2,715,329Net Income 2017: -$99,2882017Revenue 2018: $3,443,031Expenses 2018: $2,834,007Net Income 2018: $609,0242018Revenue 2021: $1,974,284Expenses 2021: $1,533,797Net Income 2021: $440,4872021Revenue 2022: $2,051,805Expenses 2022: $1,471,305Net Income 2022: $580,5002022

Highlighted filing

2016

Revenue$2,660,388
Expenses$2,488,955
Net Income$171,433
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$2,660,388
Mission and Program Overview

Mission

Innovation Academy West 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

West prep 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,334$967,045▲ $955,711
Cash and Non-Interest-Bearing Accounts$493,165$504,943▲ $11,778
Prepaid Expenses and Deferred Charges$318,055$412,531▲ $94,476
Accounts Receivable$18,096$51,183▲ $33,087
Pledges and Grants Receivable-$44,764-
Total Assets$840,650$1,980,466▲ $1,139,816
Liabilities
Other Liabilities$1,788,240$2,150,099▲ $361,859
Mortgage Notes Payable Secured by Investment Property-$707,771-
Accounts Payable and Accrued Expenses$583,972$489,488▼ $94,484
Unsecured Notes Loans Payable$8,655$1,892▼ $6,763
Total Liabilities$2,380,867$3,349,250▲ $968,383
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,679$65,882▲ $63,203
Unrestricted Net Assets$-1,542,896$-1,434,666▲ $108,230
Total Net Assets Fund Balance$-1,540,217$-1,368,784▲ $171,433
Total Liabilities and Net Assets / Fund Balance$840,650$1,980,466▲ $1,139,816

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$767,791$43,576-
Land$191,500--
Equipment$7,754$33,169-
Compensation and Service Providers

Employees

NameTitleBaseTotal
Brian G AdamsTreasurer$3,600$3,600
Lillie BlairPresident$2,694$2,694
Arnell HurtMember$2,664$2,664
Brenda WatkinsMember$2,539$2,539
Marcia BennettMember$2,539$2,539
Terry WalkerMember$2,444$2,444

Highest Paid Contractors

ContractorServicesLocationCompensation
Camridge Education GroupEducation Managment481 N CLEVELAND-MASSILLON RD, Akron, OH 44333$364,885
Revenue and Support

Revenue Composition

Contributions and Grants
$2,659,916
Program Service Revenue
$0
Investment Income
$472
Other Revenue
$0
All Other Contributions
$5,174
Change in Net Assets
$171,433

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,660,388
Total Revenue per Audited Statements
$2,660,388
Total Revenue per Form 990
$2,660,388
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,410,448
Salaries, Compensation, and Employee Benefits$1,078,507
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,062,027--$1,062,027
Fees for Services Management-$364,885-$364,885
Fees for Services Other$125,898$148,888-$274,786
Occupancy$201,653--$201,653
Office Expenses$93,653--$93,653
Other Expenses$53,843$60,257-$53,843
Fees for Services Legal-$48,460-$48,460
Fees for Services Accounting-$40,067-$40,067
Advertising-$23,497-$23,497
Current Officers, Directors, Trustees, and Key Employees-$16,480-$16,480
Information Technology$14,642--$14,642
Insurance-$11,072-$11,072
Depreciation Depletion-$8,532-$8,532
Interest-$1,332-$1,332
Total Functional Expenses$1,765,485$723,470$0$2,488,955

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,488,955
Total Expenses per Audited Statements$2,488,955
Total Expenses per Form 990$2,488,955
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$2,150,099
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 B, line 11

The school treasurer prepares the 990 and submits it to the board for approval

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. The school sponsor regulary reviews borad documents to ensure compiance with appropriate laws. The school legal counsel also does a similar review annually and reports needed changes

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)

Attend meetings, meet with management, review policies and proceeds, vote on school business

Part VII, line 1A(B)

Attend meetings, meet with management, review policies and proceeds, vote on school business

Part VII, line 1A(B)

Attend meetings, meet with management, review policies and proceeds, vote on school business

Part VII, line 1A(B)

Attend meetings, meet with management, review policies and proceeds, vote on school business

Part VII, line 1A(B)

Attend meetings, meet with management, review policies and proceeds, vote on school business

Part VII, line 1A(B)

Attend meetings, meet with management, review policies and proceeds, vote on school business

Filing and Contact Details

Filer

Filer Name
West Preparatory Academy
EIN
36-4461370
Phone
2167721340
Address
13111 CROSSBURN AVE, CLEVELAND, OH 44135

Signing Officer

Name
Brian G Adams
Title
Treasurer
Phone
6147667009
Signed
2017-05-15

Organization Details

Principal Officer
Lillie Blair
Formed
1998
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Supplemental Narrative

Additional Explanations

Part IX, line 11G

Instructional and other professional services

Financial Statement Notes

Part X line 2

This is the allocated net pension liability due to the ohio state teachers retirement system and the ohio school employees retirement system

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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/RevenueSubtotalAmt02660388
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THIS IS THE ALLOCATED NET PENSION LIABILITY DUE TO THE OHIO STATE TEACHERS RETIREMENT SYSTEM AND THE OHIO SCHOOL EMPLOYEES RETIREMENT SYSTEM
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0967045
IRS990ScheduleD/TotalExpensesPerForm990Amt02488955
IRS990ScheduleD/TotalLiabilityAmt02150099
IRS990ScheduleD/TotalRevenuePerForm990Amt02660388
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02660388
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02488955
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 SCHOOL TREASURER PREPARES THE 990 AND SUBMITS IT TO THE BOARD FOR APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT THE ANNUAL MEETING OF THE SCHOOL, EACH BOARD MEMBER IS REQUIRED TO FILL OUT THE DISCLOSURE POLICY FORM AND SUBMIT FOR REVIEW. THE SCHOOL SPONSOR REGULARY REVIEWS BORAD DOCUMENTS TO ENSURE COMPIANCE WITH APPROPRIATE LAWS. THE SCHOOL LEGAL COUNSEL ALSO DOES A SIMILAR REVIEW ANNUALLY AND REPORTS NEEDED CHANGES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4ATTEND MEETINGS, MEET WITH MANAGEMENT, REVIEW POLICIES AND PROCEEDS, VOTE ON SCHOOL BUSINESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ATTEND MEETINGS, MEET WITH MANAGEMENT, REVIEW POLICIES AND PROCEEDS, VOTE ON SCHOOL BUSINESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ATTEND MEETINGS, MEET WITH MANAGEMENT, REVIEW POLICIES AND PROCEEDS, VOTE ON SCHOOL BUSINESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ATTEND MEETINGS, MEET WITH MANAGEMENT, REVIEW POLICIES AND PROCEEDS, VOTE ON SCHOOL BUSINESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ATTEND MEETINGS, MEET WITH MANAGEMENT, REVIEW POLICIES AND PROCEEDS, VOTE ON SCHOOL BUSINESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9ATTEND MEETINGS, MEET WITH MANAGEMENT, REVIEW POLICIES AND PROCEEDS, VOTE ON SCHOOL BUSINESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10INSTRUCTIONAL AND OTHER PROFESSIONAL SERVICES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI, Section B, line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VII, line 1A(B)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VII, line 1A(B)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part VII, line 1A(B)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part VII, line 1A(B)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Part VII, line 1A(B)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Part VII, line 1A(B)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Part IX, line 11g
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0YES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LAKE ERIE INTERNATIONAL HIGH SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0611409704
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170B1AII
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt09200 MADISON AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CLEVELAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd044102
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0214243
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LAKE ERIE INTERNATIONAL HGH SCHOOL
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0840650
IRS990/TotalAssetsEOYAmt01980466
IRS990/TotalAssetsGrp/BOYAmt0840650
IRS990/TotalAssetsGrp/EOYAmt01980466
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02659916
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0723470
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01765485
IRS990/TotalFunctionalExpensesGrp/TotalAmt02488955
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02380867
IRS990/TotalLiabilitiesEOYAmt03349250
IRS990/TotalLiabilitiesGrp/BOYAmt02380867
IRS990/TotalLiabilitiesGrp/EOYAmt03349250
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1540217
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1368784
IRS990/TotalProgramServiceExpensesAmt02488955
IRS990/TotalReportableCompFromOrgAmt016480
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0472
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02660388
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0840650
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01980466
IRS990/TransactionWithControlEntInd00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1542896
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1434666
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt08655
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01892
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt013111 CROSSBURN AVE
IRS990/USAddress/CityNm0CLEVELAND
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044135
IRS990/VotingMembersGoverningBodyCnt05

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