Civic Intelligence

The Academy Inc DBA Connor Academy

990 • Fiscal year 2016 • EIN 41-2193534

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 21, 2016

1295 Alpine AveChubbuck, ID 83202

(208) 232-1447

Siviq Scores

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

Liabilities / Assets

89th percentile

0.92x

Higher debt load relative to assets than 89% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

2.80x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

67th percentile

7.9%

Higher net margin than 67% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

40th percentile

$100,879

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

57th percentile

3.2%

Faster asset growth than 57% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

90th percentile

49%

Faster revenue growth than 90% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$7,583,595

Up $238,301 (+3.2%) from 2015

Net Assets

Up

$580,927

Up $198,727 (+52%) from 2015

Liabilities

Up

$7,002,668

Up $39,574 (+0.6%) from 2015

Revenue

Up

$2,502,326

Up $817,637 (+49%) from 2015

Expenses

Up

$2,303,599

Up $866,646 (+60%) from 2015

Net Income

Down

$198,727

Down $49,009 (-20%) from 2015

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $598,644Liabilities 2011: $157,592Net Assets 2011: $441,0522011Assets 2012: $512,803Liabilities 2012: $135,382Net Assets 2012: $377,4212012Assets 2013: $556,035Liabilities 2013: $128,525Net Assets 2013: $427,5102013Assets 2014: $704,704Liabilities 2014: $137,973Net Assets 2014: $566,7312014Assets 2015: $7,345,294Liabilities 2015: $6,963,094Net Assets 2015: $382,2002015Assets 2016: $7,583,595Liabilities 2016: $7,002,668Net Assets 2016: $580,9272016Assets 2017: $8,135,465Liabilities 2017: $7,376,926Net Assets 2017: $758,5392017Assets 2018: $8,228,911Liabilities 2018: $7,110,950Net Assets 2018: $1,117,9612018Assets 2019: $8,511,960Liabilities 2019: $6,840,372Net Assets 2019: $1,671,5882019Assets 2020: $9,138,832Liabilities 2020: $6,555,813Net Assets 2020: $2,583,0192020Assets 2021: $10,579,473Liabilities 2021: $7,891,661Net Assets 2021: $2,687,8122021Assets 2022: $11,082,488Liabilities 2022: $7,544,073Net Assets 2022: $3,538,4152022Assets 2023: $26,669,924Liabilities 2023: $22,929,965Net Assets 2023: $3,739,9592023Assets 2024: $26,593,680Liabilities 2024: $21,880,171Net Assets 2024: $4,713,5092024Assets 2025: $27,242,089Liabilities 2025: $22,756,824Net Assets 2025: $4,485,2652025

Highlighted filing

2016

Assets$7,583,595
Liabilities$7,002,668
Net Assets$580,927

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $1,620,0472011Revenue 2012: $1,569,415Expenses 2012: $1,633,046Net Income 2012: -$63,6312012Expenses 2013: $1,469,6182013Revenue 2014: $1,510,239Expenses 2014: $1,371,018Net Income 2014: $139,2212014Revenue 2015: $1,684,689Expenses 2015: $1,436,953Net Income 2015: $247,7362015Revenue 2016: $2,502,326Expenses 2016: $2,303,599Net Income 2016: $198,7272016Revenue 2017: $2,989,482Expenses 2017: $2,811,870Net Income 2017: $177,6122017Revenue 2018: $3,505,919Expenses 2018: $3,146,497Net Income 2018: $359,4222018Revenue 2019: $3,753,478Expenses 2019: $3,199,851Net Income 2019: $553,6272019Revenue 2020: $4,215,733Expenses 2020: $3,304,302Net Income 2020: $911,4312020Revenue 2021: $3,988,475Expenses 2021: $3,910,081Net Income 2021: $78,3942021Revenue 2022: $4,336,373Expenses 2022: $3,485,770Net Income 2022: $850,6032022Revenue 2023: $5,961,044Expenses 2023: $5,759,500Net Income 2023: $201,5442023Revenue 2024: $8,245,550Expenses 2024: $7,272,000Net Income 2024: $973,5502024Revenue 2025: $7,948,794Expenses 2025: $8,177,038Net Income 2025: -$228,2442025

Highlighted filing

2016

Revenue$2,502,326
Expenses$2,303,599
Net Income$198,727
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 21, 2016
Return Version
2015v2.0
Gross Receipts
$2,502,326
Mission and Program Overview

Mission

Public Education.

Public Education (Local Educational Agency).

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,360,721$6,463,420▲ $1,102,699
Cash and Non-Interest-Bearing Accounts$1,700,402$658,037▼ $1,042,365
Pledges and Grants Receivable$182,916$191,935▲ $9,019
Prepaid Expenses and Deferred Charges-$185-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$7,345,294$7,583,595▲ $238,301
Other Assets Total$101,255$270,018▲ $168,763
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,400,000$6,275,994▼ $124,006
Other Liabilities$470,792$579,112▲ $108,320
Accounts Payable and Accrued Expenses$89,746$145,960▲ $56,214
Deferred Revenue$2,556$1,602▼ $954
Total Liabilities$6,963,094$7,002,668▲ $39,574
Net Assets / Fund Balance
Unrestricted Net Assets$382,200$580,927▲ $198,727
Total Net Assets Fund Balance$382,200$580,927▲ $198,727
Total Liabilities and Net Assets / Fund Balance$7,345,294$7,583,595▲ $238,301

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,261,689$127,790$6,389,479
Land$150,000-$150,000
Equipment$51,731$69,625$121,356
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joel LovstedtAdministratorFT$90,621$10,258$100,879

Board Members and Trustees

NameTitle
Mark StenbergChair
Annie DixonVice Chair
Amna RahimBoard Member
Candee CarterBoard Member
Kent ReynoldsSecretary
Brian RileyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,502,326
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$44,220
Change in Net Assets
$198,727

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,502,326
Total Revenue per Audited Statements
$2,502,326
Total Revenue per Form 990
$2,502,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,665,315
Other Expenses$638,284
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,217,120--$1,217,120
Interest$240,163--$240,163
Other Employee Benefits$125,969$8,901-$134,870
Depreciation Depletion$133,758--$133,758
Pension Plan Contributions$117,901$9,735-$127,636
Occupancy$89,898$9,989-$99,887
Payroll Taxes$93,110$6,579-$99,689
Current Officers, Directors, Trustees, and Key Employees-$86,000-$86,000
Other Expenses$46,709$7,510-$46,709
Fees for Services Accounting-$25,602-$25,602
Insurance$15,100$1,678-$16,778
Fees for Services Legal-$286-$286
Total Functional Expenses$2,147,319$156,280$0$2,303,599

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,303,599
Total Expenses per Audited Statements$2,303,599
Total Expenses per Form 990$2,303,599
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$352,041
Deferred Inflows - Pension Sources$227,071
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
Yes
Other officer compensation reviewed
Yes
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, Line 11B: Form 990 Review Process

Form 990 is reviewed by designated finance personnel prior to filing.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

All salaries, including those for management and key personnel, are integrated with the state salary funding formula and are independently reviewed, approved, and documented.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All public information documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
The Academy Inc
EIN
41-2193534
Phone
2082321447
Address
1295 Alpine Ave, Chubbuck, ID 83202

Signing Officer

Name
Joel Lovstedt
Title
Administrator
Signed
2016-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joel Lovstedt
Formed
2005
Legal Domicile
Id
Voting Board Members
6
Independent Board Members
6
Employees
73
Volunteers
200

Preparer

Firm
Quest CPAs PC
Address
11501 Highway 95, Payette, ID 83661
Preparer
Kurt R Folke
Phone
2086421417
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IRS990/PensionPlanContributionsGrp/TotalAmt0127636
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0182916
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0191935
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0185
IRS990/PrincipalOfficerNm0Joel Lovstedt
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01684120
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0569
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0292967
IRS990/PYRevenuesLessExpensesAmt0247736
IRS990/PYSalariesCompEmpBnftPaidAmt01143986
IRS990/PYTotalExpensesAmt01436953
IRS990/PYTotalRevenueAmt01684689
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0198727
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt06261689
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0127790
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06389479
IRS990ScheduleD/EquipmentGrp/BookValueAmt051731
IRS990ScheduleD/EquipmentGrp/DepreciationAmt069625
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0121356
IRS990ScheduleD/ExpensesSubtotalAmt02303599
IRS990ScheduleD/LandGrp/BookValueAmt0150000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0150000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0227071
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1352041
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred Inflows - Pension Sources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liability
IRS990ScheduleD/RevenueSubtotalAmt02502326
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06463420
IRS990ScheduleD/TotalExpensesPerForm990Amt02303599
IRS990ScheduleD/TotalLiabilityAmt0579112
IRS990ScheduleD/TotalRevenuePerForm990Amt02502326
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02502326
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02303599
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school is a state chartered public school and receives substantially all of its support from the Idaho State Department of Education.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1As a state chartered public school policy communications are the same as required for traditional public school districts and are accomplished during admissions.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is reviewed by designated finance personnel prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All salaries, including those for management and key personnel, are integrated with the state salary funding formula and are independently reviewed, approved, and documented.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All public information documents are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07345294
IRS990/TotalAssetsEOYAmt07583595
IRS990/TotalAssetsGrp/BOYAmt07345294
IRS990/TotalAssetsGrp/EOYAmt07583595
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02502326
IRS990/TotalEmployeeCnt073
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0156280
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02147319
IRS990/TotalFunctionalExpensesGrp/TotalAmt02303599
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06963094
IRS990/TotalLiabilitiesEOYAmt07002668
IRS990/TotalLiabilitiesGrp/BOYAmt06963094
IRS990/TotalLiabilitiesGrp/EOYAmt07002668
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0382200
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0580927
IRS990/TotalOtherCompensationAmt010258
IRS990/TotalProgramServiceExpensesAmt02147319
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt090621
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02502326
IRS990/TotalVolunteersCnt0200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07345294
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07583595
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0382200
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0580927
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O 1295 Alpine Ave
IRS990/USAddress/CityNm0Chubbock
IRS990/USAddress/StateAbbreviationCd0ID
IRS990/USAddress/ZIPCd083202
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.academycharter.net
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Joel Lovstedt
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Administrator
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Academy Inc
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0dba Connor Academy
ReturnHeader/Filer/BusinessNameControlTxt0ACAD
ReturnHeader/Filer/EIN0412193534
ReturnHeader/Filer/PhoneNum02082321447
ReturnHeader/Filer/USAddress/AddressLine1Txt01295 Alpine Ave

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.2$22.8$4.49$7.95$8.18$0.23
2024Detailed filing. Detailed filing data is available for this year.$26.6$21.9$4.71$8.25$7.27$0.97
2023Detailed filing. Detailed filing data is available for this year.$26.7$22.9$3.74$5.96$5.76$0.20
2022Detailed filing. Detailed filing data is available for this year.$11.1$7.54$3.54$4.34$3.49$0.85
2021Detailed filing. Detailed filing data is available for this year.$10.6$7.89$2.69$3.99$3.91$0.08
2020Detailed filing. Detailed filing data is available for this year.$9.14$6.56$2.58$4.22$3.30$0.91
2019Detailed filing. Detailed filing data is available for this year.$8.51$6.84$1.67$3.75$3.20$0.55
2018Detailed filing. Detailed filing data is available for this year.$8.23$7.11$1.12$3.51$3.15$0.36
2017Detailed filing. Detailed filing data is available for this year.$8.14$7.38$0.76$2.99$2.81$0.18
2016Detailed filing. Detailed filing data is available for this year.$7.58$7.00$0.58$2.50$2.30$0.20
2015Detailed filing. Detailed filing data is available for this year.$7.35$6.96$0.38$1.68$1.44$0.25
2014Detailed filing. Detailed filing data is available for this year.$0.70$0.14$0.57$1.51$1.37$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.13$0.43$1.47
2012Summary only. Only limited summary data is available for this year.$0.51$0.14$0.38$1.57$1.63$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.16$0.44$1.62