Civic Intelligence

Achieving Community Transformation Academy Charter School

990 • Fiscal year 2014 • EIN 45-3505875

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 12, 2015

Organization ProfileACTACADEMY.ORG
2111 Eastburn AvePhiladelphia, PA 19138

(855) 228-6838

Siviq Scores

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

Liabilities / Assets

88th percentile

0.82x

Higher debt load relative to assets than 88% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

67th percentile

0.27x

Higher debt load relative to revenue than 67% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

54th percentile

4.1%

Higher net margin than 54% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

11th percentile

-10%

Faster asset growth than 11% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

83rd percentile

33%

Faster revenue growth than 83% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$586,001

Down $68,727 (-10%) from 2013

Net Assets

Up

$108,285

Up $72,098 (+199%) from 2013

Liabilities

Down

$477,716

Down $140,825 (-23%) from 2013

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin54th percentile

Revenue

Up

$1,770,349

Up $439,217 (+33%) from 2013

Expenses

Up

$1,698,251

Up $403,307 (+31%) from 2013

Net Income

Up

$72,098

Up $35,910 (+99%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2013: $654,728Liabilities 2013: $618,541Net Assets 2013: $36,1872013Assets 2014: $586,001Liabilities 2014: $477,716Net Assets 2014: $108,2852014Assets 2015: $1,296,049Liabilities 2015: $1,893,031Net Assets 2015: -$596,9822015Assets 2016: $780,140Liabilities 2016: $1,459,626Net Assets 2016: -$679,4862016Assets 2017: $1,726,983Liabilities 2017: $2,809,811Net Assets 2017: -$1,082,8282017Assets 2018: $1,169,694Liabilities 2018: $2,698,130Net Assets 2018: -$1,528,4362018Assets 2019: $786,543Liabilities 2019: $2,553,920Net Assets 2019: -$1,767,3772019

Highlighted filing

2014

Assets$586,001
Liabilities$477,716
Net Assets$108,285
Open 2014 Filing

Operations Trend

Revenue Growth83rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $1,331,132Expenses 2013: $1,294,944Net Income 2013: $36,1882013Revenue 2014: $1,770,349Expenses 2014: $1,698,251Net Income 2014: $72,0982014Revenue 2015: $1,887,879Expenses 2015: $1,821,922Net Income 2015: $65,9572015Revenue 2016: $1,924,261Expenses 2016: $2,127,696Net Income 2016: -$203,4352016Revenue 2017: $2,025,589Expenses 2017: $2,173,572Net Income 2017: -$147,9832017Revenue 2018: $1,575,844Expenses 2018: $1,906,522Net Income 2018: -$330,6782018Revenue 2019: $1,493,154Expenses 2019: $1,732,095Net Income 2019: -$238,9412019

Highlighted filing

2014

Revenue$1,770,349
Expenses$1,698,251
Net Income$72,098
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 12, 2015
Return Version
2013v4.0
Gross Receipts
$1,770,349
Mission and Program Overview

Mission

The mission of the act academy charter school is to prepapre our students both morally and intellectually for their future, cultivating leaders with both intelligence and character-what martin luther king jr. Described as a "true education."

The mission of the act academy charter school is to prepare our students both morally and intellectually for their future, cultivating leaders with both intelligence and characterwhat martin luther king jr. Described as a true education."

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$607,885$419,439▼ $188,446
Cash and Non-Interest-Bearing Accounts$21,686$156,884▲ $135,198
Prepaid Expenses and Deferred Charges$21,086$6,250▼ $14,836
Land, Buildings, and Equipment, Net$4,071$3,428▼ $643
Total Assets$654,728$586,001▼ $68,727
Liabilities
Accounts Payable and Accrued Expenses$542,771$386,333▼ $156,438
Other Liabilities$75,770$91,383▲ $15,613
Total Liabilities$618,541$477,716▼ $140,825
Net Assets / Fund Balance
Unrestricted Net Assets$36,187$108,285▲ $72,098
Total Net Assets Fund Balance$36,187$108,285▲ $72,098
Total Liabilities and Net Assets / Fund Balance$654,728$586,001▼ $68,727

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,428$1,072$4,500
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
John SpencerBoard President
Donyatta Tinson SmithBoard Vice President
Deana RamseyBoard Member
Stephen JonesBoard Member
Tacita Carter-mobleyBoard Member
David ThomasSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$92,539
Program Service Revenue
$1,677,737
Investment Income
$73
Other Revenue
$0
Change in Net Assets
$72,098

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,770,349
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,770,349
Total Revenue per Form 990
$1,770,349
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,103,412
Salaries, Compensation, and Employee Benefits$594,839
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$647,610$1,198-$648,808
Other Salaries and Wages$277,752$136,890-$414,642
Fees for Services Management-$114,532-$114,532
Other Employee Benefits$59,904$20,761-$80,665
Occupancy$60,000$15,000-$75,000
Pension Plan Contributions$39,065$21,868-$60,933
Insurance$3,713$47,957-$51,670
Payroll Taxes$25,397$13,202-$38,599
Office Expenses$4,165$8,191-$12,356
Fees for Services Accounting-$12,350-$12,350
All Other Expenses$1,792$6,810-$8,602
Fees for Services Legal-$8,029-$8,029
Travel$719$6,947-$7,666
Other Expenses$5,000$10,104-$5,000
Advertising-$2,856-$2,856
Depreciation Depletion$643--$643
Total Functional Expenses$1,172,238$526,013$0$1,698,251

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,698,251
Total Expenses per Audited Statements$1,698,251
Total Expenses per Form 990$1,698,251
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
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
Salaries & Benefits Payable$91,383
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Section B, Line 11

“Line 11a explanation - business manager presents the irs form 990 to the board of trustees and walks them through the form and asks that they review the form in detail prior to signing and filing.”

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

“Organization reviews statements of financial interest that are filed by each board member on an annual basis for any potenetial conflicts.”

Form 990, Part VI, Section B, Line 15

“Compensation is reviewed and approved by the board members for employees.”

Form 990, Part VI, Section C, Line 19

“All governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

EIN
45-3505875
Phone
8552286838

Signing Officer

Name
John Spencer
Title
Board President
Phone
8552286838
Signed
2015-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Spencer
Formed
2011
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
17
Volunteers
0

Preparer

Preparer
Kevin Ryan CPA
Phone
2155454800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional services: program service expenses 647,610. Management and general expenses 1,198. Fundraising expenses 0. Total expenses 648,808.”

FORM 990, PART XII, LINE 2C:

“The school has a finance/audit committee that reviews the financial statements before they are issued in order to ensure they are complete and accurate.”

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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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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01698251
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/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PROHIBITED BY CHARTER SCHOOL LAW TO DISCRIMINATE
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1CHARTER SCHOOL RECEIVED FEDERAL GRANTS AND IS REIMBURSED FOR CERTAIN EXPENDITURES BY THE COMMONWEALTH OF PA.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11A EXPLANATION - BUSINESS MANAGER PRESENTS THE IRS FORM 990 TO THE BOARD OF TRUSTEES AND WALKS THEM THROUGH THE FORM AND ASKS THAT THEY REVIEW THE FORM IN DETAIL PRIOR TO SIGNING AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION REVIEWS STATEMENTS OF FINANCIAL INTEREST THAT ARE FILED BY EACH BOARD MEMBER ON AN ANNUAL BASIS FOR ANY POTENETIAL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD MEMBERS FOR EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 647,610. MANAGEMENT AND GENERAL EXPENSES 1,198. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 648,808.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE SCHOOL HAS A FINANCE/AUDIT COMMITTEE THAT REVIEWS THE FINANCIAL STATEMENTS BEFORE THEY ARE ISSUED IN ORDER TO ENSURE THEY ARE COMPLETE AND ACCURATE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0654728
IRS990/TotalAssetsEOYAmt0586001
IRS990/TotalAssetsGrp/BOYAmt0654728
IRS990/TotalAssetsGrp/EOYAmt0586001
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt092539
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0526013
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01172238
IRS990/TotalFunctionalExpensesGrp/TotalAmt01698251
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0618541
IRS990/TotalLiabilitiesEOYAmt0477716
IRS990/TotalLiabilitiesGrp/BOYAmt0618541
IRS990/TotalLiabilitiesGrp/EOYAmt0477716
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt036187
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0108285
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01172238
IRS990/TotalProgramServiceRevenueAmt01677737
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt073
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01677737
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01770349
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0654728
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0586001
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt06947
IRS990/TravelGrp/ProgramServicesAmt0719
IRS990/TravelGrp/TotalAmt07666
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt036187
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0108285
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine102111 EASTBURN AVE
IRS990/USAddress/City0PHILADELPHIA
IRS990/USAddress/State0PA
IRS990/USAddress/ZIPCode019138
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0HTTP://ACTACADEMY.ORG/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN SPENCER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08552286838
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-02-12
ReturnHeader/Filer/BusinessName/BusinessNameLine10ACHIEVING COMMUNITY TRANSFORMATION
ReturnHeader/Filer/BusinessName/BusinessNameLine20ACADEMY CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0ACHI
ReturnHeader/Filer/EIN0453505875
ReturnHeader/Filer/PhoneNum08552286838
ReturnHeader/Filer/USAddress/AddressLine102111 EASTBURN AVE
ReturnHeader/Filer/USAddress/City0PHILADELPHIA
ReturnHeader/Filer/USAddress/State0PA
ReturnHeader/Filer/USAddress/ZIPCode019138
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0222428965
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10CITRIN COOPERMAN & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101800 JFK BOULEVARD 20TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0PHILADELPHIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode019103
ReturnHeader/PreparerPersonGrp/PhoneNum02155454800
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN RYAN CPA
ReturnHeader/ReturnTs02015-02-23T13:35:24-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$586,001
Liabilities
$477,716
Net assets
$108,285
Revenue
$1,770,349
Expenses
$1,698,251
Net income
$72,098
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$2.55$1.77$1.49$1.73$0.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$2.70$1.53$1.58$1.91$0.33
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.73$2.81$1.08$2.03$2.17$0.15
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$1.46$0.68$1.92$2.13$0.20
2015Detailed filing. Detailed filing data is available for this year.$1.30$1.89$0.60$1.89$1.82$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.59$0.48$0.11$1.77$1.70$0.07
2013Summary only. Only limited summary data is available for this year.$0.65$0.62$0.04$1.33$1.29$0.04