Civic Intelligence

Odyssey Academy

990 • Fiscal year 2012 • EIN 41-1897009

Jul 01, 2011 to Jun 30, 2012 • Filed on Jan 26, 2013

Organization ProfileWWW.ODYSSEYACADEMY.ORG
6201 Noble Avenue North55429
Siviq Scores

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

Liabilities / Assets

85th percentile

0.72x

Higher debt load relative to assets than 85% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

89th percentile

32%

Faster asset growth than 89% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$1,301,990

Up $318,076 (+32%) from 2011

Net Assets

Up

$361,004

Up $57,237 (+19%) from 2011

Liabilities

Up

$940,986

Up $260,839 (+38%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$3,418,963

Up $352,116 (+11%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$10M$5.0M$0-$5.0MAssets 2010: $715,751Liabilities 2010: $620,139Net Assets 2010: $95,6122010Assets 2011: $983,914Liabilities 2011: $680,147Net Assets 2011: $303,7672011Assets 2012: $1,301,990Liabilities 2012: $940,986Net Assets 2012: $361,0042012Assets 2013: $805,535Liabilities 2013: $355,639Net Assets 2013: $449,8962013Assets 2014: $1,012,771Liabilities 2014: $265,315Net Assets 2014: $747,4562014Assets 2015: $1,807,669Liabilities 2015: $2,382,397Net Assets 2015: -$574,7282015Assets 2016: $2,159,514Liabilities 2016: $2,425,636Net Assets 2016: -$266,1222016Assets 2017: $5,561,433Liabilities 2017: $6,217,967Net Assets 2017: -$656,5342017Assets 2018: $3,294,338Liabilities 2018: $5,596,816Net Assets 2018: -$2,302,4782018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2012

Assets$1,301,990
Liabilities$940,986
Net Assets$361,004
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,922,7132010Revenue 2011: $3,275,002Expenses 2011: $3,066,847Net Income 2011: $208,1552011Expenses 2012: $3,418,9632012Revenue 2013: $3,682,236Expenses 2013: $3,593,344Net Income 2013: $88,8922013Revenue 2014: $4,366,567Expenses 2014: $4,069,007Net Income 2014: $297,5602014Revenue 2015: $4,839,986Expenses 2015: $4,314,132Net Income 2015: $525,8542015Revenue 2016: $4,691,048Expenses 2016: $4,382,442Net Income 2016: $308,6062016Revenue 2017: $4,813,858Expenses 2017: $5,204,270Net Income 2017: -$390,4122017Revenue 2018: $17,886Expenses 2018: $1,663,830Net Income 2018: -$1,645,9442018Revenue 2019: $3,207,509Expenses 2019: $31,495Net Income 2019: $3,176,0142019

Highlighted filing

2012

Revenue-
Expenses$3,418,963
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Jan 26, 2013
Return Version
2011v1.2
Gross Receipts
$3,476,538
Mission and Program Overview

Mission

Odyssey academy is committed to providing a nurturing, innovative andchallenging environment emphasizing independent thinking, activelearning, high academic achievement and social responsibility throughpartnerships with families, teachers and communities.

Filing and Contact Details

Filer

EIN
41-1897009
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0The Academy is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3). Both are subject to tax on income from any unrelated business. On July 1, 2009, the Academy adopted the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) ASC 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes), with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely-than-not be sustained upon examination by taxing authorities. The Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The Academy believes that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse affect on their respective financial condition, results of operation or cash flows. Accordingly, the Academy has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2012.
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0John Sedey is the Executive Director of the Academy and works for and is paid through an unrelated organization, Sedey & Associates,$45,089 for services provided for the Academy.
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IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction044799
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0Salary
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson0Jalene Rosengren
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0Employee of the Academy, spouse of a board member
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues00
IRS990ScheduleO/GeneralExplanation/Explanation0John Sedey, Executive Director works for a S-Copororation and is paid through that organization.
IRS990ScheduleO/GeneralExplanation/Explanation1The Form 990 is prepared by an independent accounting firm. Once the form is completed, it is given to the Board Chair for review before it is signed and filed. The entire board does not review the 990 before filing.
IRS990ScheduleO/GeneralExplanation/Explanation2The organization obtains conflict of interest statements from its board members.

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,301,990
Liabilities
$940,986
Net assets
$361,004
Revenue
-
Expenses
$3,418,963
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$3.21$0.03$3.18
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.29$5.60$2.30$0.02$1.66$1.65
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.56$6.22$0.66$4.81$5.20$0.39
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.16$2.43$0.27$4.69$4.38$0.31
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.81$2.38$0.57$4.84$4.31$0.53
2014Detailed filing. Detailed filing data is available for this year.$1.01$0.27$0.75$4.37$4.07$0.30
2013Summary only. Only limited summary data is available for this year.$0.81$0.36$0.45$3.68$3.59$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.94$0.36$3.42
2011Summary only. Only limited summary data is available for this year.$0.98$0.68$0.30$3.28$3.07$0.21
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.62$0.10$2.92
Peer Organizations

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