Civic Intelligence

Better Blended Learning for Cleveland Inc

990 • Fiscal year 2022 • EIN 45-4670785

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 14, 2023

3615 Superior AvenueCleveland, OH 44114

(330) 515-0572

Siviq Scores

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

Liabilities / Assets

99th percentile

3.42x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

1.46x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

61st percentile

13%

Higher net margin than 61% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$1,375

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

57th percentile

4.4%

Faster asset growth than 57% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

55th percentile

9.6%

Faster revenue growth than 55% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$906,952

Up $38,210 (+4.4%) from 2021

Net Assets

Up

-$2,191,161

Up $284,260 (+11%) from 2021

Liabilities

Down

$3,098,113

Down $246,050 (-7.4%) from 2021

Revenue

Up

$2,119,372

Up $185,623 (+9.6%) from 2021

Expenses

Up

$1,835,112

Up $6,753 (+0.4%) from 2021

Net Income

Up

$284,260

Up $178,870 (+170%) from 2021

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2013: $107,036Liabilities 2013: $72,124Net Assets 2013: $34,9122013Assets 2014: $229,677Liabilities 2014: $219,104Net Assets 2014: $10,5732014Assets 2015: $576,566Liabilities 2015: $1,340,331Net Assets 2015: -$763,7652015Assets 2016: $1,000,185Liabilities 2016: $1,823,671Net Assets 2016: -$823,4862016Assets 2017: $1,050,042Liabilities 2017: $2,138,083Net Assets 2017: -$1,088,0412017Assets 2018: $769,233Liabilities 2018: $2,491,022Net Assets 2018: -$1,721,7892018Assets 2019: $668,924Liabilities 2019: $2,833,265Net Assets 2019: -$2,164,3412019Assets 2020: $655,095Liabilities 2020: $3,235,906Net Assets 2020: -$2,580,8112020Assets 2021: $868,742Liabilities 2021: $3,344,163Net Assets 2021: -$2,475,4212021Assets 2022: $906,952Liabilities 2022: $3,098,113Net Assets 2022: -$2,191,1612022Assets 2023: $973,638Liabilities 2023: $3,117,656Net Assets 2023: -$2,144,0182023

Highlighted filing

2022

Assets$906,952
Liabilities$3,098,113
Net Assets-$2,191,161

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $1,193,793Expenses 2013: $1,158,881Net Income 2013: $34,9122013Revenue 2014: $2,302,247Expenses 2014: $2,326,586Net Income 2014: -$24,3392014Revenue 2015: $2,584,569Expenses 2015: $2,600,511Net Income 2015: -$15,9422015Revenue 2016: $2,694,290Expenses 2016: $2,754,011Net Income 2016: -$59,7212016Revenue 2017: $2,431,794Expenses 2017: $2,696,349Net Income 2017: -$264,5552017Revenue 2018: $1,090,767Expenses 2018: $1,406,010Net Income 2018: -$315,2432018Revenue 2019: $1,541,984Expenses 2019: $1,984,536Net Income 2019: -$442,5522019Revenue 2020: $1,246,363Expenses 2020: $1,662,833Net Income 2020: -$416,4702020Revenue 2021: $1,933,749Expenses 2021: $1,828,359Net Income 2021: $105,3902021Revenue 2022: $2,119,372Expenses 2022: $1,835,112Net Income 2022: $284,2602022Revenue 2023: $2,444,484Expenses 2023: $2,397,341Net Income 2023: $47,1432023

Highlighted filing

2022

Revenue$2,119,372
Expenses$1,835,112
Net Income$284,260
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 14, 2023
Return Version
2021v4.0
Gross Receipts
$2,119,372
Mission and Program Overview

Mission

Blended learning's holistic approach helps each student thrive in the individual way that works best for him or her. With this combination of in-person and online instruction, students get both support and flexibility.

To maintain and provide a school which provides the opportunity for success to, and motivates and instructs, students through a blended learning approach, featuring and engaging curriculum of Core, Honors and AP, and Elective courses that are taught online and in person.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$256,588$149,284▼ $107,304
Cash and Non-Interest-Bearing Accounts$101,260$57,226▼ $44,034
Land, Buildings, and Equipment, Net$28,619$37,242▲ $8,623
Prepaid Expenses and Deferred Charges$7,152$17,735▲ $10,583
Accounts Receivable$8,537$4,834▼ $3,703
Total Assets$868,742$906,952▲ $38,210
Other Assets Total$466,586$640,631▲ $174,045
Liabilities
Other Liabilities$1,636,506$1,668,200▲ $31,694
Accounts Payable and Accrued Expenses$1,707,657$1,429,913▼ $277,744
Total Liabilities$3,344,163$3,098,113▼ $246,050
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-2,475,421$-2,191,161▲ $284,260
Total Net Assets Fund Balance$-2,475,421$-2,191,161▲ $284,260
Total Liabilities and Net Assets / Fund Balance$868,742$906,952▲ $38,210

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$22,933$11,467$0
Land$0-$0
Equipment$14,309$44,378$0
Leasehold Improvements$0$0$0
Other Assets Org$67,111--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Elliot RossBoard President$1,375$1,375
Jim AndersonBoard Member$1,250$1,250
Lew MilnerBoard Member$1,250$1,250
Thomas CarrinoBoard Member$1,250$1,250
Peter HolmesBoard Member$1,000$1,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Accel Schools IncManagement Services4700 Rockside Road, Independence, OH 44131$660,341
Revenue and Support

Revenue Composition

Contributions and Grants
$2,119,372
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,119,372
Change in Net Assets
$284,260

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,119,372
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,119,372
Total Revenue per Form 990
$2,119,372
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,148,152
Salaries, Compensation, and Employee Benefits$686,960
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$651,459--$651,459
Occupancy$352,278--$352,278
Fees for Services Other$328,713--$328,713
Fees for Services Management$179,639--$179,639
Other Expenses$51,936$0$0$51,936
Advertising$46,500--$46,500
Other Employee Benefits$35,501--$35,501
Fees for Services Accounting$31,664--$31,664
Depreciation Depletion$25,777--$25,777
Fees for Services Legal$23,694--$23,694
All Other Expenses$14,408--$14,408
Insurance$11,289--$11,289
Total Functional Expenses$1,835,112$0$0$1,835,112

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,835,112
Total Expenses per Audited Statements$1,835,112
Total Expenses per Form 990$1,835,112
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
Deferred Inflows of Resources - Pension$731,820
Net Pension Liability$692,286
Deferred Inflows of Resources - OPEB$170,066
Net OPEB Liability$74,028
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

Form 990, Part VI, Section A, Line 3

The school contracted with a management company, Accel Schools LLC, to provide certain operational functions and management services.

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, it is provided to the Board of Director's legal counsel for review. Once completed, it is then provided to the Board President for signature

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
Cleveland Preparatory Academy
EIN
45-4670785
Phone
3305150572
Address
3615 Superior Avenue, Cleveland, OH 44114
Doing Business As
Cleveland Preparatory Academy

Signing Officer

Name
C David Massa
Title
Treasurer
Phone
3305150572
Signed
2023-04-14

Organization Details

Principal Officer
C David Massa
Formed
2012
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

All other professional and technical services provided.

Raw XML AppendixShowing 400 of 430 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/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02119372
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt014309
IRS990ScheduleD/EquipmentGrp/DepreciationAmt044378
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt058687
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01835112
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt090678
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1482842
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt267111
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Net OPEB Asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources - Pension
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Deferred Outflows of Resources - OPEB
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022933
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011467
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt034400
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0692286
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt174028
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2731820
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3170066
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Inflows of Resources - Pension
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows of Resources - OPEB
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02119372
IRS990ScheduleD/TotalBookValueLandBuildingsAmt037242
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0640631
IRS990ScheduleD/TotalExpensesPerForm990Amt01835112
IRS990ScheduleD/TotalLiabilityAmt01668200
IRS990ScheduleD/TotalRevenuePerForm990Amt02119372
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02119372
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01835112
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/ExplanationTxt0Posted on the school's website and in materials mailed out to students and families.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The school contracted with a management company, Accel Schools LLC, to provide certain operational functions and management services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, it is provided to the Board of Director's legal counsel for review. Once completed, it is then provided to the Board President for signature
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The 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/ExplanationTxt3The 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/ExplanationTxt4All other professional and technical services provided.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0868742
IRS990/TotalAssetsEOYAmt0906952
IRS990/TotalAssetsGrp/BOYAmt0868742
IRS990/TotalAssetsGrp/EOYAmt0906952
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02119372
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01835112
IRS990/TotalFunctionalExpensesGrp/TotalAmt01835112
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03344163
IRS990/TotalLiabilitiesEOYAmt03098113
IRS990/TotalLiabilitiesGrp/BOYAmt03344163
IRS990/TotalLiabilitiesGrp/EOYAmt03098113
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2475421
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2191161
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt01835112
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt06125
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02119372
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0868742
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0906952
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X

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