Civic Intelligence

Eagle Elementary of Akron

990 • Fiscal year 2021 • EIN 45-1562683

Jul 01, 2020 to Jun 30, 2021 • Filed on May 09, 2022

1338 Virginia AveAkron, OH 44306

(330) 773-1100

Siviq Scores

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

Liabilities / Assets

99th percentile

3.53x

Higher debt load relative to assets than 99% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

1.46x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

31st percentile

2.6%

Higher net margin than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

51st percentile

9.6%

Faster asset growth than 51% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

66th percentile

29%

Faster revenue growth than 66% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$737,545

Up $64,358 (+9.6%) from 2020

Net Assets

Up

-$1,867,033

Up $46,301 (+2.4%) from 2020

Liabilities

Up

$2,604,578

Up $18,057 (+0.7%) from 2020

Revenue

Up

$1,786,110

Up $405,275 (+29%) from 2020

Expenses

Down

$1,739,809

Down $115,301 (-6.2%) from 2020

Net Income

Up

$46,301

Up $520,576 (+110%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2017: $1,356,948Liabilities 2017: $2,497,675Net Assets 2017: -$1,140,7272017Assets 2018: $1,200,082Liabilities 2018: $2,262,594Net Assets 2018: -$1,062,5122018Assets 2020: $673,187Liabilities 2020: $2,586,521Net Assets 2020: -$1,913,3342020Assets 2021: $737,545Liabilities 2021: $2,604,578Net Assets 2021: -$1,867,0332021Assets 2022: $1,416,935Liabilities 2022: $2,643,219Net Assets 2022: -$1,226,2842022Assets 2023: $3,222,060Liabilities 2023: $4,754,163Net Assets 2023: -$1,532,1032023Assets 2024: $599,395Liabilities 2024: $2,111,761Net Assets 2024: -$1,512,3662024

Highlighted filing

2021

Assets$737,545
Liabilities$2,604,578
Net Assets-$1,867,033

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $1,773,003Expenses 2017: $2,235,775Net Income 2017: -$462,7722017Revenue 2018: $1,933,095Expenses 2018: $1,464,540Net Income 2018: $468,5552018Revenue 2020: $1,380,835Expenses 2020: $1,855,110Net Income 2020: -$474,2752020Revenue 2021: $1,786,110Expenses 2021: $1,739,809Net Income 2021: $46,3012021Revenue 2022: $2,239,950Expenses 2022: $1,599,201Net Income 2022: $640,7492022Revenue 2023: $1,894,788Expenses 2023: $2,200,607Net Income 2023: -$305,8192023Revenue 2024: $2,197,207Expenses 2024: $2,177,470Net Income 2024: $19,7372024

Highlighted filing

2021

Revenue$1,786,110
Expenses$1,739,809
Net Income$46,301
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 9, 2022
Return Version
2020v4.0
Gross Receipts
$1,786,110
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$38,790$130,895▲ $92,105
Pledges and Grants Receivable$65,432$82,613▲ $17,181
Prepaid Expenses and Deferred Charges$30,357$78,775▲ $48,418
Land, Buildings, and Equipment, Net$6,982$7,409▲ $427
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$673,187$737,545▲ $64,358
Other Assets Total$531,626$437,853▼ $93,773
Liabilities
Other Liabilities$1,890,901$1,840,302▼ $50,599
Accounts Payable and Accrued Expenses$695,620$467,413▼ $228,207
Unsecured Notes Loans Payable$0$296,863▲ $296,863
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,586,521$2,604,578▲ $18,057
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,982$7,409▲ $427
Net Assets Without Donor Restrictions$-1,920,316$-1,874,442▲ $45,874
Total Net Assets Fund Balance$-1,913,334$-1,867,033▲ $46,301
Total Liabilities and Net Assets / Fund Balance$673,187$737,545▲ $64,358

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,409$43,699-
Other Assets Org$75,410--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert ProctorBoard President
Alana CalcoBoard Member
Brandi FairBoard Member
Cindy OrleyBoard Member
Susan DavisBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Tatonka Education ServicesManagement Services10375 Park Meadows Dr, Suite 230, Lone Tree, CO 80124$767,342
Vesta ModularFacility Rental155 Kirkland Circle, Suite 500, Oswego, IL 60543$269,776
Revenue and Support

Revenue Composition

Contributions and Grants
$1,786,110
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,786,110
Change in Net Assets
$46,301

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,786,110
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,786,110
Total Revenue per Form 990
$1,786,110
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$934,682
Other Expenses$805,127
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$721,778$0$0$721,778
Occupancy$307,206$0$0$307,206
Other Employee Benefits$212,904$0$0$212,904
Fees for Services Management$75,000$0$0$75,000
Interest$70,440$0$0$70,440
Fees for Services Other$49,900$0$0$49,900
Insurance$23,907$0$0$23,907
Fees for Services Accounting$21,718$0$0$21,718
All Other Expenses$12,062$0$0$12,062
Fees for Services Legal$2,301$0$0$2,301
Advertising$1,840$0$0$1,840
Travel$1,397$0$0$1,397
Total Functional Expenses$1,739,809$0$0$1,739,809

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,739,809
Total Expenses per Audited Statements$1,739,809
Total Expenses per Form 990$1,739,809
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$1,319,632
Net OPEB Liability$258,024
Deferred Inflows of Resources - Pension$177,860
Net Pension Liability$84,786
Deferred Inflows of Resources - OPEB-
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
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

Part VI, Line 3

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

Part VI, 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.

Part VI, 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.

Part VI, 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
Eagle Elementary of Akron
EIN
45-1562683
In Care Of
% Melissa C Miavez
Phone
3307731100
Address
1338 Virginia Ave, Akron, OH 44306

Signing Officer

Name
Melissa C Miavez
Title
Treasurer
Signed
2022-05-09
Discuss with paid preparer
No

Organization Details

Formed
2013
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0
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IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt043699
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06982
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07409
IRS990/LandBldgEquipCostOrOtherBssAmt051108
IRS990/LegalDomicileStateCd0OH
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0The 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0-1913334
IRS990/NetAssetsOrFundBalancesEOYAmt0-1867033
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1920316
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1874442
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt0307206
IRS990/OccupancyGrp/TotalAmt0307206
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0531626
IRS990/OtherAssetsTotalGrp/EOYAmt0437853
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0212904
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0212904
IRS990/OtherExpensesGrp/Desc0Instructional Materials and Supplies
IRS990/OtherExpensesGrp/Desc1Student Support Services
IRS990/OtherExpensesGrp/Desc2Sponsor Fees
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt080583
IRS990/OtherExpensesGrp/ProgramServicesAmt1123934
IRS990/OtherExpensesGrp/ProgramServicesAmt234839
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt080583
IRS990/OtherExpensesGrp/TotalAmt1123934
IRS990/OtherExpensesGrp/TotalAmt234839
IRS990/OtherExpensesGrp/TotalAmt30
IRS990/OtherLiabilitiesGrp/BOYAmt01890901
IRS990/OtherLiabilitiesGrp/EOYAmt01840302
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/ExclusionAmt20
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt10
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt00
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt10
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt20
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt20
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0721778
IRS990/OtherSalariesAndWagesGrp/TotalAmt0721778
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt065432
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt082613
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt030357
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt078775
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Melissa C Miavez
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt10

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