Civic Intelligence

Hickman Academy Preparatory School Inc

990 • Fiscal year 2015 • EIN 39-1661756

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 15, 2016

4200 N 51st BlvdMilwaukee, WI 53216

(414) 578-1788

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.06x

Higher debt load relative to assets than 43% of similar nonprofits.

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

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

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

Net Margin

51st percentile

3.0%

Higher net margin than 51% of similar nonprofits.

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

Top Officer Pay

80th percentile

$133,957

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

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

Asset Growth

61st percentile

3.9%

Faster asset growth than 61% of similar nonprofits.

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

Revenue Growth

69th percentile

14%

Faster revenue growth than 69% of similar nonprofits.

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

Assets

Up

$123,890

Up $4,667 (+3.9%) from 2014

Net Assets

Up

$116,208

Up $73,545 (+172%) from 2014

Liabilities

Down

$7,682

Down $68,878 (-90%) from 2014

Revenue

Up

$2,434,807

Up $291,474 (+14%) from 2014

Expenses

Up

$2,361,262

Up $123,255 (+5.5%) from 2014

Net Income

Up

$73,545

Up $168,219 (+178%) from 2014

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0-$100KAssets 2011: $204,475Liabilities 2011: $60,790Net Assets 2011: $143,6852011Assets 2012: $199,625Liabilities 2012: $47,457Net Assets 2012: $152,1682012Assets 2013: $136,087Liabilities 2013: $7,001Net Assets 2013: $129,0862013Assets 2014: $119,223Liabilities 2014: $76,560Net Assets 2014: $42,6632014Assets 2015: $123,890Liabilities 2015: $7,682Net Assets 2015: $116,2082015Assets 2016: $337,509Liabilities 2016: $151Net Assets 2016: $337,3582016Assets 2017: $194,087Liabilities 2017: $163,592Net Assets 2017: $30,4952017Assets 2018: $149,776Liabilities 2018: $159,964Net Assets 2018: -$10,1882018

Highlighted filing

2015

Assets$123,890
Liabilities$7,682
Net Assets$116,208

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $2,917,2742011Expenses 2012: $2,801,9492012Revenue 2013: $2,214,469Expenses 2013: $2,237,551Net Income 2013: -$23,0822013Revenue 2014: $2,143,333Expenses 2014: $2,238,007Net Income 2014: -$94,6742014Revenue 2015: $2,434,807Expenses 2015: $2,361,262Net Income 2015: $73,5452015Revenue 2016: $2,549,698Expenses 2016: $2,485,487Net Income 2016: $64,2112016Revenue 2017: $2,157,031Expenses 2017: $2,463,894Net Income 2017: -$306,8632017Revenue 2018: $2,200,487Expenses 2018: $2,241,170Net Income 2018: -$40,6832018

Highlighted filing

2015

Revenue$2,434,807
Expenses$2,361,262
Net Income$73,545
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 15, 2016
Return Version
2014v6.0
Gross Receipts
$2,434,807
Mission and Program Overview

Mission

Operate a private elementary school with grades k-4 through 8th grade

Operate a private elementary school with grades 4k through 8th grade

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$26,617$80,353▲ $53,736
Land, Buildings, and Equipment, Net$62,801$35,110▼ $27,691
Accounts Receivable$29,055$7,687▼ $21,368
Prepaid Expenses and Deferred Charges$750$740▼ $10
Total Assets$119,223$123,890▲ $4,667
Liabilities
Unsecured Notes Loans Payable$76,560$0▼ $76,560
Accounts Payable and Accrued Expenses-$7,682-
Total Liabilities$76,560$7,682▼ $68,878
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$80,353-
Unrestricted Net Assets$42,663$35,855▼ $6,808
Total Net Assets Fund Balance$42,663$116,208▲ $73,545
Total Liabilities and Net Assets / Fund Balance$119,223$123,890▲ $4,667

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,194$418,594$426,788
Equipment$26,916$341,494$368,410
Leasehold Improvements$0$116,124$116,124
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bennie HickmanExecutive DirectorFT$132,600$1,357$133,957

Board Members and Trustees

NameTitle
Tyler Marie BrownPresident
Erica EllisDirector
Fay BerryDirector
Larry McadooDirector
Bobbie TraywicksSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Atlas Bus TransitTransportation2828 S 16TH STREET, Milwaukee, WI 53215$272,625
Chef Line Catering ServiceFood & Beverage2020 WEST WELLS ST, Milwaukee, WI 53233$233,486
Revenue and Support

Revenue Composition

Contributions and Grants
$421
Program Service Revenue
$2,433,171
Investment Income
$0
Other Revenue
$1,215
All Other Contributions
$421
Change in Net Assets
$73,545
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,243,283
Salaries, Compensation, and Employee Benefits$1,117,979
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$522,399$325,511-$847,910
Occupancy$357,628--$357,628
Current Officers, Directors, Trustees, and Key Employees$87,576$43,781-$131,357
Payroll Taxes$59,545$51,921-$111,466
Depreciation Depletion$108,170--$108,170
Office Expenses$88,210--$88,210
Insurance$40,268--$40,268
All Other Expenses$29,831--$29,831
Other Employee Benefits$14,555$12,691-$27,246
Fees for Services Accounting$23,995--$23,995
Conferences and Meetings-$13,732-$13,732
Other Expenses$13,202--$13,202
Travel$6,301--$6,301
Interest$4,571--$4,571
Advertising$3,383--$3,383
Total Functional Expenses$1,913,626$447,636$0$2,361,262
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Bennie HickmanORGANIZATION'S EXECUTIVE DIRECTOR AND KEY EMPLOYEERental of Commercial PropertyNo$137,363
Lee HickmanHUSBAND OF ORGANIZATION'S EXECUTIVE DIRECTOR AND KEY EMPLOYEERental of Commercial PropertyNo$137,363
Rodney HickmanSon of Organizations Executive Director and Key EmployeeCompensation for Services as DirectorNo$68,350
Lee HickmanHUSBAND OF ORGANIZATION'S EXECUTIVE DIRECTOR AND KEY EMPLOYEECompensation for Services as DirectorNo$40,600
Kemi HickmanDaughter of Organizations Executive Director and Key EmployeeCompensation for Services as DirectorNo$30,359
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Bennie hickman is spouse of lee hickman and parent of kemi hickman and rodney hickman

Form 990, Part VI, Section B, Line 11

The board reviews the 990 draft before approving the 990 submission.

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

The school monitors and enforces the conflict of interest policy by reviewing procedures at each meeting and requesting member changes in writing.

Form 990, Part VI, Section C, Line 19

The school provides the public with opportunities to review the governing documents, conflict of interest policy, and financial statements on site in the business office by appointment with reasonable notice.

Filing and Contact Details

Filer

Filer Name
Hickman Academy Preparatory School Inc
EIN
39-1661756
Phone
4145781788
Address
4200 N 51ST BLVD, MILWAUKEE, WI 53216

Signing Officer

Name
Bennie Hickman
Title
Executive Director
Phone
4145781788
Signed
2016-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bennie Hickman
Formed
1997
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
49
Volunteers
50

Preparer

Firm
Reilly Penner & Benton Llp
Address
1233 NORTH MAYFAIR ROAD SUITE 302, MILWAUKEE, WI 53226-3255
Preparer
Jason Wrasse
Phone
4142717800
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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/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0116124
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0116124
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08194
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0418594
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0426788
IRS990ScheduleD/TotalBookValueLandBuildingsAmt035110
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 EEOC STATEMENT IS INCLUDED IN EVERY NEWSPAPER AND RADIO ADVERTISEMENT, AS WELL AS IN ENROLLMENT PACKAGES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION PARTICIPATES IN THE MILWAUKEE PARENTAL CHOICE PROGRAM ADMINISTERED BY THE STATE OF WISCONSIN DEPARTMENT OF PUBLIC INSTRUCTION. THE PROGRAM PROVIDES SUPPORT IN THE FORM OF A TUITION VOUCHER TO LOW INCOME CITY OF MILWAUKEE RESIDENTS THAT ENROLL IN THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0BENNIE HICKMAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1LEE HICKMAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2RODNEY HICKMAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3KEMI HICKMAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4LEE HICKMAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0ORGANIZATION'S EXECUTIVE DIRECTOR AND KEY EMPLOYEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1HUSBAND OF ORGANIZATION'S EXECUTIVE DIRECTOR AND KEY EMPLOYEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2SON OF ORGANIZATIONS EXECUTIVE DIRECTOR AND KEY EMPLOYEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3DAUGHTER OF ORGANIZATIONS EXECUTIVE DIRECTOR AND KEY EMPLOYEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4HUSBAND OF ORGANIZATION'S EXECUTIVE DIRECTOR AND KEY EMPLOYEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd30
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd40
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0137363
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1137363
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt268350
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt330359
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt440600
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENTAL OF COMMERCIAL PROPERTY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1RENTAL OF COMMERCIAL PROPERTY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2COMPENSATION FOR SERVICES AS DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3COMPENSATION FOR SERVICES AS DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4COMPENSATION FOR SERVICES AS DIRECTOR
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BENNIE HICKMAN IS SPOUSE OF LEE HICKMAN AND PARENT OF KEMI HICKMAN AND RODNEY HICKMAN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS THE 990 DRAFT BEFORE APPROVING THE 990 SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY BY REVIEWING PROCEDURES AT EACH MEETING AND REQUESTING MEMBER CHANGES IN WRITING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL PROVIDES THE PUBLIC WITH OPPORTUNITIES TO REVIEW THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ON SITE IN THE BUSINESS OFFICE BY APPOINTMENT WITH REASONABLE NOTICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt080353
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0119223
IRS990/TotalAssetsEOYAmt0123890
IRS990/TotalAssetsGrp/BOYAmt0119223
IRS990/TotalAssetsGrp/EOYAmt0123890
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0421
IRS990/TotalEmployeeCnt049
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0447636
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01913626
IRS990/TotalFunctionalExpensesGrp/TotalAmt02361262
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt076560
IRS990/TotalLiabilitiesEOYAmt07682
IRS990/TotalLiabilitiesGrp/BOYAmt076560
IRS990/TotalLiabilitiesGrp/EOYAmt07682
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt042663
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0116208
IRS990/TotalOtherCompensationAmt01357
IRS990/TotalProgramServiceExpensesAmt01913626
IRS990/TotalProgramServiceRevenueAmt02433171
IRS990/TotalReportableCompFromOrgAmt0132600
IRS990/TotalRevenueGrp/ExclusionAmt01215
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02433171
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02434807
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0119223
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0123890
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt06301
IRS990/TravelGrp/TotalAmt06301
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt042663
IRS990/UnrestrictedNetAssetsGrp/EOYAmt035855
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt076560
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04200 N 51ST BLVD
IRS990/USAddress/CityNm0MILWAUKEE
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053216
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BENNIE HICKMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR

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