Civic Intelligence

Steam Academy of Akron

EIN 45-1266538 • 501(c)3 • Akron, OH

Profile

The purposes for which the corporation was formed, as stated in its Articles of Incorporation, are to establish and run a charter school in the state of Ohio for the benefit of the children, of the community, and to engage in any other activities incidental to the foregoing purposes for which a corporation may be organized under Chapter 1702 of the Ohio Revised Code; provided, however, that the Corporation is organized and shall at all times be operated exclusively within the confines of IRC 501c3.

1338 Virginia AvenueAkron, OH 44306

www.steamacademyakron.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.47x

Higher debt load relative to assets than 96% of similar nonprofits.

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

Liabilities / Revenue

89th percentile

1.10x

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

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

Net Margin

63rd percentile

12%

Higher net margin than 63% of similar nonprofits.

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

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

90th percentile

52%

Faster asset growth than 90% of similar nonprofits.

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

Revenue Growth

77th percentile

34%

Faster revenue growth than 77% of similar nonprofits.

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

Assets

Up

$1,428,475

Up $490,201 (+52%) from 2015

Liabilities

Up

$2,106,430

Up $270,328 (+15%) from 2015

Net Assets

Up

-$677,955

Up $219,873 (+24%) from 2015

Revenue

Up

$1,910,586

Up $488,306 (+34%) from 2015

Expenses

Down

$1,690,713

Down $144,009 (-7.8%) from 2015

Net Income

Up

$219,873

Up $632,315 (+153%) from 2015

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2013: $11,696Liabilities 2013: $300,325Net Assets 2013: -$288,6292013Assets 2014: $69,420Liabilities 2014: $604,691Net Assets 2014: -$535,2712014Assets 2015: $938,274Liabilities 2015: $1,836,102Net Assets 2015: -$897,8282015Assets 2016: $1,428,475Liabilities 2016: $2,106,430Net Assets 2016: -$677,9552016

Highlighted filing

2016

Assets$1,428,475
Liabilities$2,106,430
Net Assets-$677,955

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2013: $0Expenses 2013: $31,701Net Income 2013: -$31,7012013Revenue 2014: $880,077Expenses 2014: $1,126,719Net Income 2014: -$246,6422014Revenue 2015: $1,422,280Expenses 2015: $1,834,722Net Income 2015: -$412,4422015Revenue 2016: $1,910,586Expenses 2016: $1,690,713Net Income 2016: $219,8732016

Highlighted filing

2016

Revenue$1,910,586
Expenses$1,690,713
Net Income$219,873

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 10, 2017
Return Version
2015v3.0
Gross Receipts
$1,910,586
Mission and Program Overview

Mission

The purposes for which the corporation was formed, as stated in its Articles of Incorporation, are to establish and run a charter school in the state of Ohio for the benefit of the children, of the community, and to engage in any other activities incidental to the foregoing purposes for which a corporation may be organized under Chapter 1702 of the Ohio Revised Code; provided, however, that the Corporation is organized and shall at all times be operated exclusively within the confines of IRC 501c3.

To provide opportunities for educational choice to students and families of this community. The organization is primarily engaged in providing instructional services to enrolled students in Grades K-8.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,742$55,472▲ $50,730
Accounts Receivable$55,462$31,561▼ $23,901
Land, Buildings, and Equipment, Net$19,911$15,929▼ $3,982
Prepaid Expenses and Deferred Charges$2,943$11,637▲ $8,694
Other Notes and Loans Receivable, Net$6,135$0▼ $6,135
Total Assets$938,274$1,428,475▲ $490,201
Other Assets Total$849,081$1,313,876▲ $464,795
Liabilities
Other Liabilities$933,848$1,636,037▲ $702,189
Accounts Payable and Accrued Expenses$900,104$470,393▼ $429,711
Unsecured Notes Loans Payable$2,150--
Total Liabilities$1,836,102$2,106,430▲ $270,328
Net Assets / Fund Balance
Permanently Rstr Net Assets$19,911$15,929▼ $3,982
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-917,739$-693,884▲ $223,855
Total Net Assets Fund Balance$-897,828$-677,955▲ $219,873
Total Liabilities and Net Assets / Fund Balance$938,274$1,428,475▲ $490,201

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$15,929$3,982$0
Leasehold Improvements$0$0$0
Other Assets Org$1,313,876--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eric NevinsBoard Member
George DrakeBoard Member
Renea BaylorBoard Member
Robert ProctorBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Tatonka EducationManagement Services10375 Park Meadows Dr, Suite 230, Littleton, CO 80124$704,240
Revenue and Support

Revenue Composition

Contributions and Grants
$1,910,586
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,910,586
Change in Net Assets
$219,873

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,910,586
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,910,586
Total Revenue per Form 990
$1,910,586
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,103,578
Other Expenses$587,135
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$653,515--$653,515
Other Employee Benefits$450,063--$450,063
Occupancy$173,579--$173,579
Fees for Services Management$118,498--$118,498
All Other Expenses$34,662--$34,662
Other Expenses$33,350$0$0$33,350
Interest$24,416--$24,416
Insurance$17,452--$17,452
Fees for Services Legal$11,692--$11,692
Office Expenses$10,019--$10,019
Fees for Services Accounting$9,334--$9,334
Fees for Services Other$6,336--$6,336
Depreciation Depletion$3,982--$3,982
Advertising$1,516--$1,516
Travel$862--$862
Total Functional Expenses$1,690,713$0$0$1,690,713

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,690,713
Total Expenses per Audited Statements$1,690,713
Total Expenses per Form 990$1,690,713
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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$1,616,565
Deferred Inflows of Resources$19,472
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 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

Form 990, Part VI, Section A, Line 3

The school contracted with a management company, Tatonka Education Services, to provide certain operational and financial functions.

Form 990, Part VI, Section B, Line 11B

The Form 990 is prepared and reviewed by the Fiscal Officer. Upon completion, the return is provided to the Board President and legal counsel for review and approval. Once approved, the fiscal officer signs and files the return.

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

The governing board's conflict of interest policy is reviewed with the new board members and the full governing board on a periodic basis. Governing board members and key personnel are expected to disclose any relationships that could potentially be perceived as a conflict of interest.

Form 990, Part VI, Section C, Line 19

The fiscal officer and board legal counsel maintain the governing documents, conflict of interest policy and financial statements and may be provided upon request.

Filing and Contact Details

Filer

Filer Name
STEAM Academy of Youngstown
EIN
45-1266538
Phone
3307731100
Address
1338 Virginia Avenue, Akron, OH 44306
Doing Business As
STEAM Academy of Akron

Signing Officer

Name
C David Massa
Title
Treasurer
Phone
3305150572
Signed
2017-05-10

Organization Details

Principal Officer
C David Massa
Formed
2011
Legal Domicile
Oh
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0
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IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01616565
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt119472
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflows of Resources
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01910586
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015929
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01313876
IRS990ScheduleD/TotalExpensesPerForm990Amt01690713
IRS990ScheduleD/TotalLiabilityAmt01636037
IRS990ScheduleD/TotalRevenuePerForm990Amt01910586
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01910586
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01690713
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/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Posted on the school's website.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1As a free public school in Ohio, the school does not offer financial assistance or scholarships to students.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2As a public school in Ohio, the school is awarded funding from the State of Ohio.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The school contracted with a management company, Tatonka Education Services, to provide certain operational and financial functions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared and reviewed by the Fiscal Officer. Upon completion, the return is provided to the Board President and legal counsel for review and approval. Once approved, the fiscal officer signs and files the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing board's conflict of interest policy is reviewed with the new board members and the full governing board on a periodic basis. Governing board members and key personnel are expected to disclose any relationships that could potentially be perceived as a conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The fiscal officer and board legal counsel maintain the governing documents, conflict of interest policy and financial statements and may be provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
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/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0938274
IRS990/TotalAssetsEOYAmt01428475
IRS990/TotalAssetsGrp/BOYAmt0938274
IRS990/TotalAssetsGrp/EOYAmt01428475
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01910586
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01690713
IRS990/TotalFunctionalExpensesGrp/TotalAmt01690713
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01836102
IRS990/TotalLiabilitiesEOYAmt02106430
IRS990/TotalLiabilitiesGrp/BOYAmt01836102
IRS990/TotalLiabilitiesGrp/EOYAmt02106430
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-897828
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-677955
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt01690713
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01910586
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0938274
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01428475
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0862
IRS990/TravelGrp/TotalAmt0862
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-917739
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-693884
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt02150
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0219 E Maple St Ste 202
IRS990/USAddress/CityNm0North Canton
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044720
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.steamacademyakron.org
IRS990/WhistleblowerPolicyInd01

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