Civic Intelligence

Sunbridge Schools

990 • Fiscal year 2016 • EIN 45-4667676

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

2105 N McCord AvenueToledo, OH 43615

(330) 515-0572

Siviq Scores

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

Liabilities / Assets

99th percentile

2.42x

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

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

Liabilities / Revenue

88th percentile

1.58x

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

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

Net Margin

14th percentile

-21%

Higher net margin than 14% of similar nonprofits.

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

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

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

Asset Growth

86th percentile

27%

Faster asset growth than 86% of similar nonprofits.

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

Revenue Growth

68th percentile

12%

Faster revenue growth than 68% of similar nonprofits.

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

Assets

Up

$1,876,716

Up $402,054 (+27%) from 2015

Net Assets

Down

-$2,663,222

Down $612,673 (-30%) from 2015

Liabilities

Up

$4,539,938

Up $1,014,727 (+29%) from 2015

Revenue

Up

$2,877,606

Up $299,275 (+12%) from 2015

Expenses

Up

$3,490,279

Up $79,951 (+2.3%) from 2015

Net Income

Up

-$612,673

Up $219,324 (+26%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2013: $273,279Liabilities 2013: $343,923Net Assets 2013: -$70,6442013Assets 2014: $197,323Liabilities 2014: $479,494Net Assets 2014: -$282,1712014Assets 2015: $1,474,662Liabilities 2015: $3,525,211Net Assets 2015: -$2,050,5492015Assets 2016: $1,876,716Liabilities 2016: $4,539,938Net Assets 2016: -$2,663,2222016Assets 2017: $2,000,322Liabilities 2017: $5,209,258Net Assets 2017: -$3,208,9362017Assets 2018: $1,727,884Liabilities 2018: $5,248,364Net Assets 2018: -$3,520,4802018Assets 2019: $1,678,783Liabilities 2019: $5,448,583Net Assets 2019: -$3,769,8002019Assets 2020: $1,333,978Liabilities 2020: $5,481,824Net Assets 2020: -$4,147,8462020Assets 2021: $1,453,343Liabilities 2021: $5,352,591Net Assets 2021: -$3,899,2482021Assets 2022: $2,855,626Liabilities 2022: $5,991,190Net Assets 2022: -$3,135,5642022Assets 2023: $3,257,128Liabilities 2023: $5,899,037Net Assets 2023: -$2,641,9092023Assets 2025: $3,536,382Liabilities 2025: $5,310,340Net Assets 2025: -$1,773,9582025

Highlighted filing

2016

Assets$1,876,716
Liabilities$4,539,938
Net Assets-$2,663,222

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $1,120,145Expenses 2013: $1,190,789Net Income 2013: -$70,6442013Revenue 2014: $1,806,470Expenses 2014: $2,072,687Net Income 2014: -$266,2172014Revenue 2015: $2,578,331Expenses 2015: $3,410,328Net Income 2015: -$831,9972015Revenue 2016: $2,877,606Expenses 2016: $3,490,279Net Income 2016: -$612,6732016Revenue 2017: $3,297,060Expenses 2017: $3,842,774Net Income 2017: -$545,7142017Revenue 2018: $3,394,982Expenses 2018: $2,837,715Net Income 2018: $557,2672018Revenue 2019: $3,679,411Expenses 2019: $3,928,731Net Income 2019: -$249,3202019Revenue 2020: $3,514,180Expenses 2020: $3,892,226Net Income 2020: -$378,0462020Revenue 2021: $3,728,694Expenses 2021: $3,480,096Net Income 2021: $248,5982021Revenue 2022: $4,388,530Expenses 2022: $3,624,846Net Income 2022: $763,6842022Revenue 2023: $4,395,710Expenses 2023: $3,902,055Net Income 2023: $493,6552023Revenue 2025: $4,103,117Expenses 2025: $3,907,509Net Income 2025: $195,6082025

Highlighted filing

2016

Revenue$2,877,606
Expenses$3,490,279
Net Income-$612,673
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$2,877,606
Mission and Program Overview

Mission

Providing educational services to K-8 students.

Commitment to offering children in under-served areas the educational opportunities they need to reach their full potential by preparing them to graduate from high school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$53,692$48,903▼ $4,789
Land, Buildings, and Equipment, Net$38,068$26,140▼ $11,928
Cash and Non-Interest-Bearing Accounts$110,452$15,539▼ $94,913
Other Notes and Loans Receivable, Net$11,500$11,500→ $0
Total Assets$1,474,662$1,876,716▲ $402,054
Other Assets Total$1,260,950$1,774,634▲ $513,684
Liabilities
Other Liabilities$2,413,153$3,183,299▲ $770,146
Accounts Payable and Accrued Expenses$737,058$981,639▲ $244,581
Unsecured Notes Loans Payable$375,000$375,000→ $0
Total Liabilities$3,525,211$4,539,938▲ $1,014,727
Net Assets / Fund Balance
Permanently Rstr Net Assets$38,068$26,140▼ $11,928
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-2,088,617$-2,689,362▼ $600,745
Total Net Assets Fund Balance$-2,050,549$-2,663,222▼ $612,673
Total Liabilities and Net Assets / Fund Balance$1,474,662$1,876,716▲ $402,054

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$3,564$80,374$0
Land$0-$0
Equipment$22,575$44,492$0
Leasehold Improvements$1$63,880$0
Other Assets Org$1,774,634--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joe BrakerBoard President
Jim WiegandBoard Member
John PayakBoard Member
Lisa GathardBoard Member
Steve MitchelBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Student Transit LLCPupil Transportation5020 Tractor Road, Toledo, OH 43612$188,701
Aramark Correctional ServicesFood Services900 Rock Rd, Fort Pierce, FL 34945$165,386
Armory ChurchRent3319 Nebraska Ave, Toledo, OH 43607$134,150
Revenue and Support

Revenue Composition

Contributions and Grants
$2,877,606
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,877,606
Change in Net Assets
$-612,673

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,877,606
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,877,606
Total Revenue per Form 990
$2,877,606
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,129,452
Other Expenses$1,360,827
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,361,844--$1,361,844
Other Employee Benefits$767,608--$767,608
Occupancy$273,880--$273,880
Other Expenses$164,057$0$0$164,057
All Other Expenses$128,057--$128,057
Fees for Services Other$123,462--$123,462
Interest$101,336--$101,336
Depreciation Depletion$46,117--$46,117
Fees for Services Accounting$39,511--$39,511
Insurance$35,678--$35,678
Office Expenses$30,531--$30,531
Travel$8,196--$8,196
Fees for Services Legal$6,000--$6,000
Advertising$3,802--$3,802
Total Functional Expenses$3,490,279$0$0$3,490,279

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,490,279
Total Expenses per Audited Statements$3,490,279
Total Expenses per Form 990$3,490,279
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$3,083,016
Deferred Inflows of Resources$100,283
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
No

Governance Explanations

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

The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, the return is signed and submitted by the fiscal officer.

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

The Board of Directors, in conjunction with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.

Form 990, Part VI, Section C, Line 19

The school's governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.

Filing and Contact Details

Filer

Filer Name
Kids Unlimited Academy
EIN
45-4667676
Phone
3305150572
Address
2105 N McCord Avenue, Toledo, OH 43615
Doing Business As
SunBridge Schools

Signing Officer

Name
C David Massa
Title
Treasurer
Phone
3305150572
Signed
2017-05-11

Organization Details

Principal Officer
C David Massa
Formed
2012
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
95
Volunteers
0
Raw XML AppendixShowing 400 of 429 raw XML fields

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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IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02877606
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt022575
IRS990ScheduleD/EquipmentGrp/DepreciationAmt044492
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt067067
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03490279
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt063880
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt063881
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01774634
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03564
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt080374
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt083938
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03083016
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1100283
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflows of Resources
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02877606
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026140
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01774634
IRS990ScheduleD/TotalExpensesPerForm990Amt03490279
IRS990ScheduleD/TotalLiabilityAmt03183299
IRS990ScheduleD/TotalRevenuePerForm990Amt02877606
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02877606
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03490279
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/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school provides a parent student handbook that describes their policies regarding discrimination, as well as, any literature that is sent to the public includes a statement about such policies.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The school is a community school in Ohio and does not provide scholarships or financial assistance as a free public school.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 4
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, the return is signed and submitted by the fiscal officer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors, in conjunction with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The school's governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.
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 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/TotalAssetsBOYAmt01474662
IRS990/TotalAssetsEOYAmt01876716
IRS990/TotalAssetsGrp/BOYAmt01474662
IRS990/TotalAssetsGrp/EOYAmt01876716
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02877606
IRS990/TotalEmployeeCnt095
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03490279
IRS990/TotalFunctionalExpensesGrp/TotalAmt03490279
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03525211
IRS990/TotalLiabilitiesEOYAmt04539938
IRS990/TotalLiabilitiesGrp/BOYAmt03525211
IRS990/TotalLiabilitiesGrp/EOYAmt04539938
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2050549
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2663222
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt03490279
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02877606
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01474662
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01876716
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt08196
IRS990/TravelGrp/TotalAmt08196
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-2088617
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2689362
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0375000

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.54$5.31$1.77$4.10$3.91$0.20
2023Summary only. Only limited summary data is available for this year.$3.26$5.90$2.64$4.40$3.90$0.49
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.86$5.99$3.14$4.39$3.62$0.76
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$5.35$3.90$3.73$3.48$0.25
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.33$5.48$4.15$3.51$3.89$0.38
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.68$5.45$3.77$3.68$3.93$0.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.73$5.25$3.52$3.39$2.84$0.56
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.00$5.21$3.21$3.30$3.84$0.55
2016Detailed filing. Detailed filing data is available for this year.$1.88$4.54$2.66$2.88$3.49$0.61
2015Detailed filing. Detailed filing data is available for this year.$1.47$3.53$2.05$2.58$3.41$0.83
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.48$0.28$1.81$2.07$0.27
2013Summary only. Only limited summary data is available for this year.$0.27$0.34$0.07$1.12$1.19$0.07