Civic Intelligence

Academic Solutions Academy Inc.

990 • Fiscal year 2020 • EIN 45-4667306

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

4099 N Pine Island Road No 100Sunrise, FL 33351

(954) 572-6600

Siviq Scores

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

Liabilities / Assets

84th percentile

0.58x

Higher debt load relative to assets than 84% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

68th percentile

0.30x

Higher debt load relative to revenue than 68% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

21st percentile

-12%

Higher net margin than 21% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

95th percentile

$332,716

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

62nd percentile

12%

Faster asset growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

24th percentile

-19%

Faster revenue growth than 24% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,219,704

Up $131,624 (+12%) from 2019

Net Assets

Down

$506,510

Down $285,899 (-36%) from 2019

Liabilities

Up

$713,194

Up $417,523 (+141%) from 2019

Revenue

Down

$2,371,254

Down $559,537 (-19%) from 2019

Expenses

Down

$2,657,153

Down $477,185 (-15%) from 2019

Net Income

Down

-$285,899

Down $82,352 (-40%) from 2019

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2014: $195,713Liabilities 2014: $152,984Net Assets 2014: $42,7292014Assets 2015: $180,138Liabilities 2015: $34,936Net Assets 2015: $145,2022015Assets 2016: $436,286Liabilities 2016: $31,596Net Assets 2016: $404,6902016Assets 2017: $579,602Liabilities 2017: $14,718Net Assets 2017: $564,8842017Assets 2018: $1,084,949Liabilities 2018: $61,275Net Assets 2018: $1,023,6742018Assets 2019: $1,088,080Liabilities 2019: $295,671Net Assets 2019: $792,4092019Assets 2020: $1,219,704Liabilities 2020: $713,194Net Assets 2020: $506,5102020Assets 2021: $1,567,917Liabilities 2021: $300,167Net Assets 2021: $1,267,7502021Assets 2022: $8,789,358Liabilities 2022: $7,045,180Net Assets 2022: $1,744,1782022Assets 2023: $11,511,765Liabilities 2023: $9,927,840Net Assets 2023: $1,583,9252023Assets 2024: $12,939,955Liabilities 2024: $10,042,756Net Assets 2024: $2,897,1992024

Highlighted filing

2020

Assets$1,219,704
Liabilities$713,194
Net Assets$506,510

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $1,153,526Expenses 2014: $1,110,797Net Income 2014: $42,7292014Revenue 2015: $1,271,387Expenses 2015: $1,168,914Net Income 2015: $102,4732015Revenue 2016: $1,686,846Expenses 2016: $1,427,358Net Income 2016: $259,4882016Revenue 2017: $2,277,035Expenses 2017: $2,116,841Net Income 2017: $160,1942017Revenue 2018: $2,906,548Expenses 2018: $2,539,476Net Income 2018: $367,0722018Revenue 2019: $2,930,791Expenses 2019: $3,134,338Net Income 2019: -$203,5472019Revenue 2020: $2,371,254Expenses 2020: $2,657,153Net Income 2020: -$285,8992020Revenue 2021: $3,097,066Expenses 2021: $2,335,826Net Income 2021: $761,2402021Revenue 2022: $3,203,558Expenses 2022: $2,727,129Net Income 2022: $476,4292022Revenue 2023: $4,789,148Expenses 2023: $4,939,405Net Income 2023: -$150,2572023Revenue 2024: $7,011,985Expenses 2024: $5,698,711Net Income 2024: $1,313,2742024

Highlighted filing

2020

Revenue$2,371,254
Expenses$2,657,153
Net Income-$285,899
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$2,389,693
Mission and Program Overview

Mission

Operate a public charter high school

Operate a public charter high school to serve the needs of students who needs are not met in a traditional high school setting.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$942,226$1,098,085▲ $155,859
Rtn Earn Endowment Incm Other Fnds$792,409$506,510▼ $285,899
Accounts Receivable$12,609$82,132▲ $69,523
Land, Buildings, and Equipment, Net$51,260$30,739▼ $20,521
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,088,080$1,219,704▲ $131,624
Other Assets Total$81,985$8,748▼ $73,237
Liabilities
Unsecured Notes Loans Payable-$413,500-
Other Liabilities$209,726$209,726→ $0
Mortgage Notes Payable Secured by Investment Property$73,237$73,237→ $0
Accounts Payable and Accrued Expenses$12,708$16,731▲ $4,023
Total Liabilities$295,671$713,194▲ $417,523
Net Assets / Fund Balance
Total Net Assets Fund Balance$792,409$506,510▼ $285,899
Total Liabilities and Net Assets / Fund Balance$1,088,080$1,219,704▲ $131,624

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,739$241,292$272,031
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Andrew KinlockPrincipalFT$332,716$332,716
Meera Gautam PatelVP of Business Dev.FT$327,460$327,460

Board Members and Trustees

NameTitle
Mike AitchesonChair
Karla C MartinezVice Chair
NIKITA D'SOUZASecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,351,255
Investment Income
$147
Other Revenue
$19,852
Change in Net Assets
$-285,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,877,496
Other Expenses$779,657
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$971,010$87,275-$1,058,285
Current Officers, Directors, Trustees, and Key Employees$540,908$48,637-$589,545
Fees for Services Other$178,307$205,831-$384,138
Occupancy$174,344$30,767-$205,111
Other Employee Benefits$118,069$4,695-$122,764
Payroll Taxes$99,692$7,210-$106,902
Office Expenses$71,087$4,365-$75,452
Depreciation Depletion$28,438$5,019-$33,457
Insurance$11,489$2,027-$13,516
Other Expenses$8,416$1,485-$9,901
Total Functional Expenses$2,243,843$413,310$0$2,657,153
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$37,253
Fundraising Direct Expenses$18,439
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Event$37,253$37,253$18,439$18,814
Total Events$37,253$37,253$18,439$18,814
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Other Agencies$209,726
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 11B

Form made available to board members and reviewed at board meeting.

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

During board meetings, policy is reviewed.

Form 990, Part VI, Section B, Line 15

Approval during board meetings.

Form 990, Part VI, Section C, Line 19

By-laws posted on broward county website with charter application. Financials posted on school's website.

Filing and Contact Details

Filer

Filer Name
Academic Solutions Academy Inc
EIN
45-4667306
Phone
9545726600
Address
4099 N PINE ISLAND ROAD NO 100, SUNRISE, FL 33351

Signing Officer

Name
Andrew Kinlock
Title
Executive Director
Phone
9545726600
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Kinlock
Formed
2012
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
23
Volunteers
0

Preparer

Firm
Verdeja De Armas & Trujillo Llp
Address
255 ALHAMBRA CIR STE 560, CORAL GABLES, FL 33134-7417
Preparer
Alejandro Trujillo
Phone
3054463177
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees: program service expenses 178,307. Management and general expenses 205,831. Fundraising expenses 0. Total expenses 384,138.

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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02351255
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02903157
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02900499
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02276966
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01686799
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt012118676
IRS990ScheduleA/TotalSupportAmt012120101
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt030739
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0241292
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0272031
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0209726
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO OTHER AGENCIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt030739
IRS990ScheduleD/TotalLiabilityAmt0209726
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH BROADCAST MEDIA AND ITS WEBSITE. THE NOTICE IS PUBLISHED ON STUDENT BROCHURES AND STUDENT APPLICATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt018439
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPECIAL EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt037253
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt037253
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt037253
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt037253
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt018814
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt018439
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt018439
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0332716
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1327460
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANDREW KINLOCK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MEERA GAUTAM PATEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRINCIPAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP OF BUSINESS DEV.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0332716
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1327460
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM MADE AVAILABLE TO BOARD MEMBERS AND REVIEWED AT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DURING BOARD MEETINGS, POLICY IS REVIEWED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2APPROVAL DURING BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BY-LAWS POSTED ON BROWARD COUNTY WEBSITE WITH CHARTER APPLICATION. FINANCIALS POSTED ON SCHOOL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 178,307. MANAGEMENT AND GENERAL EXPENSES 205,831. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 384,138.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01088080
IRS990/TotalAssetsEOYAmt01219704
IRS990/TotalAssetsGrp/BOYAmt01088080
IRS990/TotalAssetsGrp/EOYAmt01219704
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0413310
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02243843
IRS990/TotalFunctionalExpensesGrp/TotalAmt02657153
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0295671
IRS990/TotalLiabilitiesEOYAmt0713194
IRS990/TotalLiabilitiesGrp/BOYAmt0295671
IRS990/TotalLiabilitiesGrp/EOYAmt0713194
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0792409
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0506510
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02243843
IRS990/TotalProgramServiceRevenueAmt02351255
IRS990/TotalReportableCompFromOrgAmt0660176
IRS990/TotalRevenueGrp/ExclusionAmt018961
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02352293
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02371254
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

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