Civic Intelligence

Bergman Academy

990 • Fiscal year 2020 • EIN 42-1087681

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 09, 2020

Organization ProfileWWW.BERGMANACADEMY.ORG

View Organization Page

100 45th StreetDes Moines, IA 50312

(515) 274-0453

Siviq Scores

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

Liabilities / Assets

81st percentile

0.62x

Higher debt load relative to assets than 81% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

1.07x

Higher debt load relative to revenue than 82% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

22nd percentile

-8.0%

Higher net margin than 22% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

56th percentile

$134,161

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

37th percentile

2.0%

Faster asset growth than 37% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

48th percentile

1.3%

Faster revenue growth than 48% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$5,609,321

Up $109,071 (+2.0%) from 2019

Net Assets

Down

$2,108,046

Down $492,352 (-19%) from 2019

Liabilities

Up

$3,501,275

Up $601,423 (+21%) from 2019

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin22nd percentile

Revenue

Up

$3,262,139

Up $41,396 (+1.3%) from 2019

Expenses

Up

$3,524,420

Up $222,139 (+6.7%) from 2019

Net Income

Down

-$262,281

Down $180,743 (-222%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,063,927Liabilities 2011: $416,370Net Assets 2011: $1,647,5572011Assets 2012: $1,934,182Liabilities 2012: $293,382Net Assets 2012: $1,640,8002012Assets 2013: $2,013,967Liabilities 2013: $444,206Net Assets 2013: $1,569,7612013Assets 2014: $2,351,700Liabilities 2014: $706,625Net Assets 2014: $1,645,0752014Assets 2015: $2,695,773Liabilities 2015: $586,013Net Assets 2015: $2,109,7602015Assets 2016: $4,252,117Liabilities 2016: $1,919,329Net Assets 2016: $2,332,7882016Assets 2017: $5,457,858Liabilities 2017: $2,988,031Net Assets 2017: $2,469,8272017Assets 2018: $5,623,635Liabilities 2018: $2,699,983Net Assets 2018: $2,923,6522018Assets 2019: $5,500,250Liabilities 2019: $2,899,852Net Assets 2019: $2,600,3982019Assets 2020: $5,609,321Liabilities 2020: $3,501,275Net Assets 2020: $2,108,0462020Assets 2021: $6,180,091Liabilities 2021: $2,796,728Net Assets 2021: $3,383,3632021Assets 2022: $5,876,490Liabilities 2022: $2,557,346Net Assets 2022: $3,319,1442022Assets 2023: $5,798,469Liabilities 2023: $3,922,189Net Assets 2023: $1,876,2802023Assets 2024: $5,295,334Liabilities 2024: $3,912,179Net Assets 2024: $1,383,1552024

Highlighted filing

2020

Assets$5,609,321
Liabilities$3,501,275
Net Assets$2,108,046
Open 2020 Filing

Operations Trend

Revenue Growth48th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,341,789Expenses 2011: $1,372,081Net Income 2011: -$30,2922011Revenue 2012: $1,497,009Expenses 2012: $1,500,614Net Income 2012: -$3,6052012Revenue 2013: $1,436,254Expenses 2013: $1,507,294Net Income 2013: -$71,0402013Revenue 2014: $1,778,219Expenses 2014: $1,708,103Net Income 2014: $70,1162014Revenue 2015: $2,408,262Expenses 2015: $1,943,577Net Income 2015: $464,6852015Revenue 2016: $2,407,129Expenses 2016: $2,184,101Net Income 2016: $223,0282016Revenue 2017: $2,783,777Expenses 2017: $2,646,738Net Income 2017: $137,0392017Revenue 2018: $3,381,078Expenses 2018: $2,927,253Net Income 2018: $453,8252018Revenue 2019: $3,220,743Expenses 2019: $3,302,281Net Income 2019: -$81,5382019Revenue 2020: $3,262,139Expenses 2020: $3,524,420Net Income 2020: -$262,2812020Revenue 2021: $5,691,004Expenses 2021: $4,583,247Net Income 2021: $1,107,7572021Revenue 2022: $4,665,325Expenses 2022: $4,580,030Net Income 2022: $85,2952022Revenue 2023: $4,125,441Expenses 2023: $4,874,314Net Income 2023: -$748,8732023Revenue 2024: $4,723,382Expenses 2024: $5,193,890Net Income 2024: -$470,5082024

Highlighted filing

2020

Revenue$3,262,139
Expenses$3,524,420
Net Income-$262,281
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 9, 2020
Return Version
2019v5.0
Gross Receipts
$3,283,862
Mission and Program Overview

Mission

Our mission is to provide an environment that nurtures total development while guiding students through the joy of life-long learning.

We provide an environment that nurtures total development while guiding students through the joy of life-long learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,199,586$3,978,251▼ $221,335
Cash and Non-Interest-Bearing Accounts$1,186,113$1,532,217▲ $346,104
Prepaid Expenses and Deferred Charges-$64,482-
Pledges and Grants Receivable$55,766--
Accounts Receivable$58,785$34,371▼ $24,414
Total Assets$5,500,250$5,609,321▲ $109,071
Liabilities
Unsecured Notes Loans Payable$2,421,394$2,759,943▲ $338,549
Other Liabilities$213,613$443,684▲ $230,071
Deferred Revenue$160,021$172,944▲ $12,923
Accounts Payable and Accrued Expenses$104,824$124,704▲ $19,880
Total Liabilities$2,899,852$3,501,275▲ $601,423
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,162,873$1,659,267▼ $503,606
Net Assets With Donor Restrictions$437,525$448,779▲ $11,254
Total Net Assets Fund Balance$2,600,398$2,108,046▼ $492,352
Total Liabilities and Net Assets / Fund Balance$5,500,250$5,609,321▲ $109,071

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,737,251$1,450,930$5,188,181
Equipment$196,719$335,028$531,747
Other Land Buildings$44,281$652$44,933
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christie StoverHead of SchoFT$128,280$5,881$134,161
Marcy LuftVice PrincipFT$71,213$3,372$74,585
Christine NewtonDirector ofFT$6,522-$6,522

Board Members and Trustees

NameTitle
Scott JohnsonChair
Tom BernauVice Chair
Carolyn RuanDirector at
Frank LevyDirector at
Laird NossuliDirector at
Michelle GartnerDirector at
Tom WhippleDirector at
Wallace BubarDirector of Commu
Andrew DorrDirector of Fina
Jeffrianne YoungDirector of Strat
Nate Olson-danielDirector of Techn
Julie LarsonDirector of Vol R
Stacey PletcherPast Director of
Revenue and Support

Revenue Composition

Contributions and Grants
$258,409
Program Service Revenue
$2,984,542
Investment Income
$5,971
Other Revenue
$13,217
All Other Contributions
$188,174
Change in Net Assets
$-262,281

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,262,139
Revenue Not Reported on Form 990
$-208,348
Total Revenue per Audited Statements
$3,053,791
Total Revenue per Form 990
$3,262,139
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,190,345
Other Expenses$1,334,075
Total Fundraising Expense$46,174
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,580,294$107,487-$1,687,781
Depreciation Depletion$255,173$13,430-$268,603
Occupancy$253,689$13,352-$267,041
Current Officers, Directors, Trustees, and Key Employees-$249,083-$249,083
Payroll Taxes$117,596$27,405-$145,001
Interest$123,509$6,500-$130,009
Office Expenses$77,123$24,857$3,197$105,177
Pension Plan Contributions$56,964$3,842-$60,806
Other Employee Benefits$40,018$7,656-$47,674
Fees for Services Accounting$42,038$2,213-$44,251
Advertising--$42,977$42,977
All Other Expenses$30,774$2,681-$33,455
Other Expenses$20,536$3,200-$20,536
Information Technology$11,561$608-$12,169
Travel$5,423$1,264-$6,687
Total Functional Expenses$2,870,062$608,184$46,174$3,524,420

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,546,143
Expenses per Audited Statements$3,524,420
Total Expenses per Form 990$3,524,420
Expenses Not Reported on Form 990$21,723
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$20,568
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Sip-n-slide$40,867-$7,889-
Spellabration$25,723---
Total Events$66,590-$19,771$-19,771
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
Jeffrianne YoungOfficerPrepaid TuitionNo$9,596
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap$443,684
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI

“Section b. Policies, question 15a: compensation for the head of school is proposed by the director of finance and approved by the board of directors. Section b. Policies, question 15b: compensation for officers and key employees is proposed by the director of finance and approved by the board of directors.”

Form 990, Page 6, Part VI, Line 6

“All persons having a child enrolled full-time at bergman academy, and are current in paying all fees owed, shall be members of the corporation”

Form 990, Page 6, Part VI, Line 7A

“The members shall elect and remove the board of directors of the corporation.”

Form 990, Page 6, Part VI, Line 7B

“Members approve amendments to the articles of incorporation, develop policies and guidelines for guidance and operation of the corporation, and exercise other powers that are necessary, appropriate, and consistent with law and with the articles of incorporation and the bylaws.”

Form 990, Page 6, Part VI, Line 11B

“Board receives email with attached draft of 990 and attachments for review and approval prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“On an annual basis, the organization discusses the need to disclose interests that could give rise to conflicts, including any potential conflicts of interest that may arise with the use of outside vendors.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and financial statements are included in the bergman academy board book and available for review upon request at bergman academy. These documents are available for the same period of time as described in internal revenue code section 6104(d) for other public disclosure documents.”

Filing and Contact Details

Filer

Filer Name
Bergman Academy
EIN
42-1087681
Phone
5152740453
Address
100 45TH STREET, DES MOINES, IA 50312

Signing Officer

Name
Tom Bernau
Title
Vice Chair
Phone
5152740453
Signed
2020-10-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Bernau
Formed
1977
Legal Domicile
Ia
Voting Board Members
12
Independent Board Members
12
Employees
89
Volunteers
103

Preparer

Firm
Mcgowen Hurst Clark & Smith Pc
Address
1601 W LAKES PKWY STE 300, WEST DES MOINES, IA 50266
Preparer
Kathleen S New CPA
Phone
5152883279
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The academy has been granted tax-exempt status under section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes has been provided in the financial statements. Management is unaware of any uncertain income tax positions at june 30, 2020 and 2019. Interest and penalties associated with income tax matters would be presented as components of income tax expense. There were no interest or penalty charges during 2020 or 2019.”

Schedule D, Page 4, Part XI, Line 2D

“Cost of merchandise 1,155 fundraising expenses 20,568”

Schedule D, Page 4, Part XII, Line 2D

“Cost of merchandise 1,155 fundraising expenses 20,568”

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIR OF VOL R
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIR OF COMMU
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IRS990/PYSalariesCompEmpBnftPaidAmt02075828
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IRS990/ReconcilationRevenueExpnssAmt0-262281
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05188181
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THE FINANCIAL STATEMENTS. MANAGEMENT IS UNAWARE OF ANY UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2020 AND 2019. INTEREST AND PENALTIES ASSOCIATED WITH INCOME TAX MATTERS WOULD BE PRESENTED AS COMPONENTS OF INCOME TAX EXPENSE. THERE WERE NO INTEREST OR PENALTY CHARGES DURING 2020 OR 2019.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF MERCHANDISE 1,155 FUNDRAISING EXPENSES 20,568
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF MERCHANDISE 1,155 FUNDRAISING EXPENSES 20,568
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,609,321
Liabilities
$3,501,275
Net assets
$2,108,046
Revenue
$3,262,139
Expenses
$3,524,420
Net income
-$262,281
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.30$3.91$1.38$4.72$5.19$0.47
2023Detailed filing. Detailed filing data is available for this year.$5.80$3.92$1.88$4.13$4.87$0.75
2022Detailed filing. Detailed filing data is available for this year.$5.88$2.56$3.32$4.67$4.58$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.18$2.80$3.38$5.69$4.58$1.11
2020Detailed filing. Detailed filing data is available for this year.$5.61$3.50$2.11$3.26$3.52$0.26
2019Detailed filing. Detailed filing data is available for this year.$5.50$2.90$2.60$3.22$3.30$0.08
2018Detailed filing. Detailed filing data is available for this year.$5.62$2.70$2.92$3.38$2.93$0.45
2017Detailed filing. Detailed filing data is available for this year.$5.46$2.99$2.47$2.78$2.65$0.14
2016Detailed filing. Detailed filing data is available for this year.$4.25$1.92$2.33$2.41$2.18$0.22
2015Detailed filing. Detailed filing data is available for this year.$2.70$0.59$2.11$2.41$1.94$0.46
2014Detailed filing. Detailed filing data is available for this year.$2.35$0.71$1.65$1.78$1.71$0.07
2013Summary only. Only limited summary data is available for this year.$2.01$0.44$1.57$1.44$1.51$0.07
2012Summary only. Only limited summary data is available for this year.$1.93$0.29$1.64$1.50$1.50$0.00
2011Summary only. Only limited summary data is available for this year.$2.06$0.42$1.65$1.34$1.37$0.03