Civic Intelligence

Achieving Community Transformation Academy Charter School

990 • Fiscal year 2017 • EIN 45-3505875

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 20, 2018

Organization ProfileACTACADEMY.ORG
7301 Germantown AvenuePhiladelhia, PA 19119

(855) 228-6838

Siviq Scores

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

Liabilities / Assets

97th percentile

1.63x

Higher debt load relative to assets than 97% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

88th percentile

1.39x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

24th percentile

-7.3%

Higher net margin than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

84th percentile

$154,520

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

96th percentile

121%

Faster asset growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

52nd percentile

5.3%

Faster revenue growth than 52% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$1,726,983

Up $946,843 (+121%) from 2016

Net Assets

Down

-$1,082,828

Down $403,342 (-59%) from 2016

Liabilities

Up

$2,809,811

Up $1,350,185 (+93%) from 2016

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin24th percentile

Revenue

Up

$2,025,589

Up $101,328 (+5.3%) from 2016

Expenses

Up

$2,173,572

Up $45,876 (+2.2%) from 2016

Net Income

Up

-$147,983

Up $55,452 (+27%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth96th 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

2017

Assets$1,726,983
Liabilities$2,809,811
Net Assets-$1,082,828
Open 2017 Filing

Operations Trend

Revenue Growth52nd 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

2017

Revenue$2,025,589
Expenses$2,173,572
Net Income-$147,983
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 20, 2018
Return Version
2016v3.1
Gross Receipts
$2,025,589
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."

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$212,979$266,615▲ $53,636
Cash and Non-Interest-Bearing Accounts$144,312$104,328▼ $39,984
Prepaid Expenses and Deferred Charges$29,626$31,741▲ $2,115
Land, Buildings, and Equipment, Net$7,373$5,807▼ $1,566
Total Assets$1,055,769$1,726,983▲ $671,214
Other Assets Total$661,479$1,318,492▲ $657,013
Liabilities
Other Liabilities$1,837,999$2,789,615▲ $951,616
Accounts Payable and Accrued Expenses$152,615$20,196▼ $132,419
Total Liabilities$1,990,614$2,809,811▲ $819,197
Net Assets / Fund Balance
Temporarily Rstr Net Assets$7,373$5,807▼ $1,566
Unrestricted Net Assets$-942,218$-1,088,635▼ $146,417
Total Net Assets Fund Balance$-934,845$-1,082,828▼ $147,983
Total Liabilities and Net Assets / Fund Balance$1,055,769$1,726,983▲ $671,214

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,807$4,847$10,654
Other Assets Org$1,318,492--
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John SpencerCEO Until 9/FT$110,866$43,654$154,520
John SpencerCEO Until 9/1/16-$110,866$43,654$154,520

Board Members and Trustees

NameTitle
Joan HardawayBoard Member
Lisa KaplanBoard Member
Terri RouseBoard Member
Wadell RidleyBoard Member
Yvette JacksonBoard Member
Deana RamseyBoard Presid
Kimberly HarrisCEO Starting
Revenue and Support

Revenue Composition

Contributions and Grants
$147,675
Program Service Revenue
$1,875,736
Investment Income
$135
Other Revenue
$2,043
Change in Net Assets
$-147,983

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,025,589
Total Revenue per Audited Statements
$2,025,589
Total Revenue per Form 990
$2,025,589
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,240,629
Other Expenses$932,943
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Pension Plan Contributions$88,490$411,670-$500,160
Other Salaries and Wages$373,403$58,087-$431,490
Other Employee Benefits$106,973$30,164-$137,137
Current Officers, Directors, Trustees, and Key Employees-$129,487-$129,487
Fees for Services Management$10,896$110,171-$121,067
Occupancy$63,990$7,110-$71,100
Fees for Services Legal-$63,330-$63,330
Other Expenses$18,353$39,686-$58,039
All Other Expenses$57,571--$57,571
Office Expenses$17,921$31,705-$49,626
Payroll Taxes$28,237$14,118-$42,355
Advertising-$28,900-$28,900
Insurance$3,333$22,303-$25,636
Fees for Services Accounting-$6,002-$6,002
Travel$1,113$3,370-$4,483
Depreciation Depletion-$1,566-$1,566
Total Functional Expenses$878,207$1,295,365$0$2,173,572

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,173,572
Total Expenses per Audited Statements$2,173,572
Total Expenses per Form 990$2,173,572
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
Pension Liability$2,676,000
Salaries & Benefits Payable$91,615
Deferred Inflows of Resources$22,000
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
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, Page 6, Part VI, Line 11B

“The ceo and the board of trustees review the 990 prior to filing”

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

“These discussions would take place during the organizaiton board meetings.”

Form 990, Page 6, Part VI, Line 15A

“Review other schools to make comparable salary decisions.”

Form 990, Page 6, Part VI, Line 15B

“Review other schools to make comparable salary decisions.”

Form 990, Page 6, Part VI, Line 18

“WWW.OPENRECORDS.PA.GOV”

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Achieving Community Transformation
EIN
45-3505875
Phone
8552286838
Address
7301 GERMANTOWN AVENUE, PHILADELHIA, PA 19119

Signing Officer

Name
Kimberly Harris
Title
CEO Starting 9/2/16
Phone
8552286838
Signed
2018-11-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Harris
Formed
2011
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
24

Preparer

Firm
Milligan & Company LLC
Address
105 N 22ND ST FL 2, PHILADELPHIA, PA 19103-1302
Preparer
Mark a Jackson
Phone
2154969100
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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."”

Financial Statement Notes

Schedule D, Page 3, Part X

“The school accounts for uncertainty in income taxes in which tax positions initially need to be recognized in the financial statements in a manner that it is more likely than not that the positions will be sustained upon examination by taxing authorities. As of june 30, 2017, the school had no uncertain tax positions that qualified for either recognition or disclosure in the financial statements. Additionally, the school had no interest or penalties related to income taxes.”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN WHICH TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IN A MANNER THAT IT IS MORE LIKELY THAN NOT THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. AS OF JUNE 30, 2017, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE SCHOOL HAD NO INTEREST OR PENALTIES RELATED TO INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PROHIBITED BY CHARTER SCHOOL LAW TO DISCRIMINATE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE CHARTER SCHOOL RECEIVED FEDERAL GRANTS AND IS REIMBURSED FOR CERTAIN EXPENDITURES BY THE COMMONWEALTH OF PA.
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IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN SPENCER
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CEO AND THE BOARD OF TRUSTEES REVIEW THE 990 PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THESE DISCUSSIONS WOULD TAKE PLACE DURING THE ORGANIZAITON BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEW OTHER SCHOOLS TO MAKE COMPARABLE SALARY DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REVIEW OTHER SCHOOLS TO MAKE COMPARABLE SALARY DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WWW.OPENRECORDS.PA.GOV
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,726,983
Liabilities
$2,809,811
Net assets
-$1,082,828
Revenue
$2,025,589
Expenses
$2,173,572
Net income
-$147,983
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
2017Detailed filing. Detailed filing data is available for this year.$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